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Home My WebLink AboutAUGUSTA PROPERTIES 842 GREENE STREET AUGUSTA GEORGIA ACKNOWLEGEMENT AND RECEIPT OF SETTLEMENT STATEMENT ...\ '" , ,'" a File No.: 08-1104A ACKNOWLEDGEMENT AND RECEIPT OF SETTLEMENT STATEMENT DATE: August 6, 2008 PURCHASER: AUGUSTA, GEORGIA SELLER: Augusta Properties, L.P. PROPERTY ADDRESS: 842 Greene Street, Augusta, Georgia 30901 Purchaser and Seller acknowledge that each has received, reviewed, and approved the entries appearing on the settlement Statement, and each acknowledge receipt of a copy of same. Seller acknowledges receipt and payment in full of the proceeds due Seller from the settlement. Seller warrants the correctness of all payoff amounts for outstanding liens and encumbrances; if any deficiency occurs, Seller shall promptly remit the same to the settlement agent. If the proration of taxes and assessments was made based on estimated amounts prior to receipt of current actual bills, Purchaser and Seller agree to adjust the prorations shown on the Settlement Statement between themselves when current actual bills are received. The payment of all outstanding taxes and assessments not paid at settlement are assumed by Purchaser. Purchaser and Seller acknowledge that settlement agent makes no representations as to the status of any outstanding or past due water, sewerage or other utility bills applicable to the property. The status of such items shall be determined by and are the responsibility of the Purchaser and Seller. Purchaser and Seller agree that should any inadvertent errors or omissions later be discovered in any documents executed at settlement, they shall promptly execute such corrective documents and remit such sums as may be required to adjust or correct such errors or omissions. Purchaser hereby acknowledges that a real property tax return and application for homestead exemption is required by law and is to be filed with the county tax collector in which the property lies, between January 1 and June 1 of the year immediately following settlement and that such filings are the sole responsibility of Purchaser. Seller warrants that all required tax returns and applicable exemption applications have been filed for the current tax year. Seller further agrees to reimburse Purchaser for any penalties caused by Seller's failure to file a proper and timely tax return. As part of the consideration of this sale, the contract between the parties is by reference incorporated herein and made a part hereof; the terms and conditions contained therein shall survive the closing and shall not merge upon delivery of the Warranty Deed. Augusta Properties, L.P. a Georgia limited partnership Seller AUGUSTA, GEORGIA, a political subdivision of the By: MEDALLION-AP, LTD. an Ohio limited liability company ~_e' . .~ ~{-<:t<:t:O~ ~~~ .Jtate of ~eorgia _ 0\ t) By: cR.- David S. Co~~v,er, ,..,"''''''Cl.t.:,,, It . M 4~- <tlvJ,j\ ,~!v.., ''1l>, s. a~' /y- .,.ft. ,f~ C. '~~. ,reV ('~ ....,e(;\ "'f,t("...~ O.,l.~ ~~ A'.f ~ ,:' ", '-:J>'~ ATTEST:;1<lv _. 4i~. ........1:l Buyer \ ,~ ; .'., , STATE OF GEORGIA COUNTY OF RICHMOND Date: August6,2008 Buyer(s): AUGUSTA, GEORGIA Seller(s): Augusta Properties, L.P. Property: 842 Greene Street, Augusta, Georgia 30901 AGREEMENT TO COOPERATE The undersigned Buyer(s) are today purchasing from the undersigned Seller(s), the property above described, which is being sold by the Seller(s) to the Buyer(s). In consideration of the purchase price and the premises, the Buyer(s) and Seller(s) agree to cooperate promptly with the closing attorney and its agents in the correction and/or completion of documentation connected with the transaction necessitated by omissions, typographical and math errors and other causes if deemed necessary or desirable by the closing attorney and/or its agents. The undersigned understand and agree that this may involve, without limitation the correction or execution of a new warranty deed, note, security deed, settlement statement, truth-in- lending statement, and other documents to correctly reflect the terms of this transaction. Augusta Properties, L.P. a Georgia limited partnership AUGUSTA, GEORGIA, a political subdivision of the A-,,{} State of Georgia Buyer ~t By: t'-c<.;r'lf - { -- -~ David S. Copenhav~r Its : Mayor _". j:~::'\;;:::::~:':;:',; ::,~::; \">., A ITESlt iAif'(U'"':)\/", By: ~,Jtl f.1fli/'~; ll,fl/!/PLIIt'.,;;,> \; (Lena Bi:lliner/ ,v.',',' , . " :' ~-: ': Its: dlefk"of C.piUmi~si:dn- ~.: ~i / \<l- <":';"'1>,''1';'''''''''''''''':'',,'/' :.;..:::' The borrowers hereby state that their mailing address for the forseeabl'e~future;;i0*,bEHh.afshown below, and hereby agree to promptly notify the Lender in writing of any change in their'gadress':/"'-- Seller By: MEDALLION-AP, LTD. an Ohio limited liability company its general,p.-\lrtner /;:7/ I By:---'-~>/./.h';;l;:7//~'/;? ..--.fl/ z~ L-Gregory James Dan- Its: Managing Member 7 :z::?/;1-_--~.~-_/ MAILING ADDRESS: SIGNATURE(S) OF BORROWER(S): 925 Laney Walker Blvd. fJ AUGUSTA, GEORGIA, a political subdivision of the State ~r, Ge/O{gia "~ Buyer By: 0'~-j(->'1 - David S. Copenhler Its: Mayor Augusta, Georgia 30901-2959 EXECUTED IN THE PRESENCE OF: ~~~C Witness /? /:/// I ATTEST' r.-:;::~"1>~:;(t,:-,~:,,,,, :{)' 'f':,!,> ,.......r;';.tlf 1.",~.. "~1.. /r:.. .1),,;; -',' ~~,~,.,.~...~~),( , '~.7 ,n, ,: .j"" ,.... . of' .' I'/:,' j By: (// ,~!l!l~:ljf/(!iJ~1;~~,/ Lena'Bonner /' "'.":'.~' --;, \' f- .... " _ 'v:... _.' .... ' , ' .. ," .." Its( Gh~rk8f Co'infuis~iori~ " ~~ ~;\,' \;:,'>:' . . - '. ~L "~i;~ . ~ ,,"s. /):J .......';). ~..~ '.,;~. "! '( .. . P..~ Settlement Statement U.S. Department of Housing and Urban Development /:t\ ,r B. Type of Loan 1.0 FHA 2.0 RHS 3.0 Conv. Unins. 6. File Number 7. Loan Number 8. Mortgage Insurance Case Number 4.0 VA 5.0 Conv. Ins. 08-1104A C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown here for information purposes and are not included in the totals. D. Name and Address of Borrower E. Name and Address of Seller F. Name and Address of Lender AUGUSTA, GEORGIA Augusta Properties, L.P. 925 Laney Walker Blvd. 1901 B Broad Street Augusta, Georgia 30901-2959 Augusta, Georgia 30901 G. Property Location H. Settlement Agent 842 Greene Street Bush Law Firm, P.C. Augusta, Georgia 30901 0.296 acres Southside of Greene Street, Augusta Place of Settlement I. Settlement Date Richmond County, GA 047-1-213-00-0 462 Telfair Street 08/06/08 Augusta, Georgia 30901 J. SUMMARY OF BORROWER'S TRANSACTION: K. SUMMARY OF SELLER'S TRANSACTION: 100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER 101. Contract sales price 687,000.00 401. Contract sales price 687,000.00 102. Personal property 402. Personal propertY 103. Settlement charaes to borrower (line 140m 403. 104. 404. 105. 405. Adjustments for items paid bv seller in advance Adiustments for items paid bv seller in advance 106. City/town taxes to 406. Citv/town taxes to 107. County taxes to 407. County taxes to 108. Assessments to 408. Assessments to 109. 409. 110. 410. 111. 411. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 687,000.00 420. GROSS AMOUNT DUE TO SELLER 687,000.00 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT TO SELLER 201. Deposit or earnest money 501. Excess Deposit (see instructions) 202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400) 687.00 203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to 204. 504. Payoff of first mortgage loan 205. 505. Payoff of second mortgage loan - - - -, - - - ^^_^^n nn OMS Approval No. 2502-0265 (expires 11/30/2009) r U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SETTLEMENT STATEMENT PAGE 2 . L~ 'SETtU:MENT CHARGES: File Number: 08-1104A PAID FROM PAID FROM -,- BORROWER'S SELLER'S 1'60. TOTAL SALES/BROKER'S COMMISSION based on price $ @ = FUNDS AT FUNDS AT Division of commission (line 700) as follows: SETTLEMENT SETTLEMENT 701. $ to 702. $ to 703. Commission paid at Settlement 704. 800. ITEMS PAYABLE IN CONNECTION WITH LOAN P.O.C. 801. Loan Orioination Fee % 802. Loan Discount % 803. Appraisal Fee to 804. Credit Report to 805. Lender's Inspection Fee to 806. Mto. Ins. Application Fee to 807. Assumption Fee to 808. 809. 810. 811. 812. 813. 814. 815. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 901. I nterest from to @$ Iday 902. Mortoaoe Insurance Premium to 903. Hazard Insurance Premium yrs. to 904. 905. 1000. RESERVES DEPOSITED WITH LENDER FOR 1001. Hazard Insurance mo. av$ Imo. 1002. Mortoaoe Insurance mo.@$ I mo. 1003. Citv propertv taxes mo. av$ / mo. 1004. County property taxes mO.@$ Imo. 1005. Annual Assessments mo. av$ I mo. 1006. mo.@$ I mo. 1007. mo. av$ I mo. 1008. Aooreoate Reserve for Hazard/Flood Ins, City/County Prop Taxes. Mortoaoe Ins & Annual Assessments 1100. TITLE CHARGES 1101. Settlement or closino fee to 1102. Abstract or title search to 1103. Title examination to 1104. Title insurance binder to 1105. Document preparation to 1106. Notary fees to 1107. Attornev's fees to (includes above item No: ) 1108. Title insurance to (includes above item No: ) 1109. Lender's coveraae 1110. Owner's coveraoe 1111. 1112. 1113. 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recordino fees Deed $ 12.00 POC-B ; Mortaaae $ ; Releases $ 1202. Citv/countv/stamps Deed $ ; Mortaage $ 1203. State tax/stamps Deed $ 687.00 ; Mortoaae $ 687.00 1204. Recording Fee for Assignment 1205. 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Survev to 1302. Pest inspection to 1303.