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Home My WebLink AboutFLETCHER HARLEY & FLETCHER BUYERS AND SELLERS COMBINED CLOSING STATEMENT ~. ,. Fletcher, Harley & Fletcher, LLP BUYER'S AND SELLER'S COMBINED CLOSING STATEMENT B. Type of Loan 1.0 FHA 2.0 RHS 3.0 Cony. Unins. 6. File Number 7. Loan Number 8. Mortgage Insurance Case Number 4.0 VA 5.0 Cony. Ins. 26407LOF 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 COUNTY BOARD OF EDUCATION OF EDWARD J. COLEMAN, III, TRUSTEE FOR RICHMOND COUNTY, GEORGIA CHAPTER 7 ESTATE OF COMMERICAL AND I AUGUSTA, GEORGIA MILITARY SYSTEMS COMPANY INC., UNITED I 864 BROAD STREET STATES BANKRUPTCY COURT FOR SOUTHERN AUGUSTA, GA 30901 2950 MIKE PADGETT HIGHWAY AUGUSTA, GA 30906 G. Property Location H. Settlement Agent 2950 MIKE PADGETT HIGHWAY Fletcher, Harley & Fletcher, L.L.P. I AUGUSTA, GA 30906 Attorneys at Law 84.26 ACRES AND 5.92 ACRES Place of Settlement L Settlement Date 3529 Walton Way Ext. 07/17/09 Augusta, GA 30909 J. SUMMARY OF BORROWER'S TRANSACTION: K. SUMMARY OF SELLER'S TRANSACTION: 100. GROSS AMOUNT DUE FROM BOR~OWER 400. GROSS AMOUNT DUE TO SELLER 101. Contract sales price '. 3,300,000.00 401. Contract sales price 3,300,000.00 " 102. Personal property "" 402. Personal property 103. Settlement charges to borrower (line 1400) '" 7,345.00 403. 104. '" 404. 105. , 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 1 06. City/town taxes to 406. City/town taxes to 107. County taxes to 407. County taxes to 1 08. Assessments to 408. Assessments to 109. 409. 110. 410. 111. 411. 112. 412. I 120. GROSS AMOUNT DUE FROM BORROWER 3,307,345.00 420. GROSS AMOUNT DUE TO SELLER 3,300,OOO~oqJ 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) 546,250.31 203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to 204. 504. Payoff of first mortgage loan I 517,84J.041 SMALL BUSINESS ADMINISTRATION 205. 505. Payoff of second mortgage loan .-- PAYOFF TO REGIONS BANK m------$546544.30POC 206. CONTRIBUTION FROM AUGUSTA, GEORGIA 1,653,672.50 506. 2,196,542.471 207. 507. PAYOFF TO SUDIMAT C.A. 208. 508. 209. 509. Adjustments for items unpaid by seller Adjustments for items unpaid by seller -/ 210. City/town taxes to 510. City/town taxes to ! 211. County taxes to 511. County taxes to j 212. Assessments to 512. Assessments to 213. 513. 214. 514.2009 PRO-RATED TAXES SEE ESCROW AGREEMEN 29,144.37 215. 515. , 216. 516. 217. 517. 218. 518. 219. "HI f-----.,_-.TLEMENT CHARGES: BUYER'S AND SELLER'S COMBINED CLOSING STATEMENT PAGE 2 File Number: 26407LOF PAID FROM PAID fROM . . 3,300,000.00 @ BORROWER'S SELLER'S 700. TOTAL SALES/BROKER'S COMMISSION based on nrice $ 7.00 = 231,000.00 FUNDS AT FUNDS AT Division of commission (line 700) as follows: SETTLEMENT SETTLEMENT 701. $ 115,500.00 to MEYBOHM COMMERICAL 702. $ 115,500.00 to HOLLINGSWORTH APPRAISAL COMPANY 703. Commission paid at Settlement 231,000.00 704. -.. 800. ITEMS PAYABLE IN CONNECTION WITH LOAN P.O.C. 801. Loan Oriaination Fee % 802. Loan Discount % 803. Appraisal Fee to 804. Credit Report to 805. Lender's Inspection Fee to 806. Mta. Ins. Application Fee to 807. Assumotion Fee to 808. 809. 810. 811. 812. 813. 814. 815. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 901. Interest from to @$ /dav 902, Mortaaae Insurance Premium to 903. Hazard Insurance Premium vrs. to 904. 905. 1000. RESERVES DEPOSITED WITH LENDER FOR 1001. Hazard Insurance mO.@$ /mo. 1002. Mortgaae Insurance mo. (1i)$ /mo. 1003. Citv property taxes mo. (1i)$ /mo. 1004. County property taxes mO.@$ / mo. 1005. Annual Assessments mo. (ii2$ /mo. 1006. mO.@$ /mo. 1007. mO.@$ /mo. 1008. Aggregate Reserve for Hazard/Flood Ins, City/County Proo Taxes, Mortaaae Ins & Annual Assessments 1100. TITLE CHARGES 1101. Settlement or closino fee to 1102. Abstract or title search to BEN MCELREATH 600.00 1103. Title examination to 1104. Title insurance binder to 1105. Document preparation to 1106. Notary fees to 1107, Attorney's fees to FLETCHER, HARLEY & FLETCHER, LLP 2,500.00 {includes above item No: ) 1108. Title insurance to FLETCHER, HARLEY & FLETCHER, LLP 4,125.00 (includes above item No: 1104 ) 1109. Lender's coveraae 1110. Owner's coyeraae 3,300,000.00 --- 4,125.00 1111. ENVIRONMENTAL TESTING POC SEE ADDENDUM TWO 222130.86B 1112. 1113. TAX FIFA'S *** See Attached Addendum Lines 1115-1121*** 187,041.25 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recordina fees Deed $ 28.00 ; Mortaaae $ ; Releases $ 28.00 1202. City/county/stamps Deed $ ; Mortaaae $ 1203. State tax/stamps Deed $ ; Mortgaoe $ 1204. RECORDING OF CANCELLATIONS 40.00 1205. RECORDING OF EASEMENT 28.00 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Survey to 1302. Pest inspection _ to 1303. PLAT RECORDING FLETCHER, HARLEY & FLETCHER, LLP 24.00 >l " BUYER'S AND SELLER'S COMBINED CLOSING STATEMENT ADDENDUM Prepared by Fletcher, Harley & Fletcher, Ll-P 3529W~ltonWayExt. Augusta.:GA.30909 706-724-0558 File Number: 26407LOF Settlement Date: 07/17/09 Proration Date: 07/20/09 SELLER(S): EDWARD J. COLEMAN, III, TRUSTEE FOR CHAPTER 7 ESTATE OF COMMERICAL AND MILITARY SYSTEMS COMPANY INC., UNITED and STATES BANKRUPTCY COURT FOR SOUTHERN PURCHASER(S): COUNTY BOARD OF EDUCATION OF RICHMOND COUNTY, GEORGIA AUGUSTA, GEORGIA LENDER: PROPERTY: 2950 MIKE PADGETT HIGHWAY, AUGUSTA, GA 30906 84.26 ACRES AND 5.92 ACRES Borrower. SeIJer' ITEMS PAYABLE IN CONNECTION WITH LOAN 816. 817. 818. 819. TOTALS TITLE CHARGES 1114. 1115. TAX FIFA 111-0-010-01-0 RICHMOND COUNTY TAX COMMISSIONER 78,595.84 1116. TAX FIFA 111-0-029-00-0 RICHMOND COUNTY TAX COMMISSIONER 15,625.87 1117. TAX FIFA 111-0-030-00-0 RICHMOND COUNTY TAX COMMISSIONER 600.77 1118. TAX FIFA 111-0-031-00-0 RICHMOND COUNTY TAX COMMISSIONER 88,055.18 1119. TAX FIFA 111-0-032-00-0 RICHMOND COUNTY TAX COMMISSIONER 1,719.12 1120. TAX FIFA 111-0-033-00-0 RICHMOND COUNTY TAX COMMISSIONER 2,154.13 1121. TAX FIFA 111-0-034-00-0 RICHMOND COUNTY TAX COMMISSIONER 290.34 TOTALS 187,041.25 ADDITIONAL SETTLEMENT CHARGES 1309. 1310. TAX FIFA 123-0-010-00-0 RICHMOND COUNTY TAX COMMISSIONER 3,604.07 1311. TAX FIFA 123-0-010-01-0 RICHMOND COUNTY TAX COMMISSIONER 2,399.42 1312. BUSINESS TAXES RICHMOND COUNTY TAX COMMISSIONER 122,205.57 1313. WINDSOR SPRING TAXES DEFFERED 43071.30S TOTALS 128,209.06 "ADDENDUM TWO" -i ;0 )> ~ '- )> () m () ~ ;0 )> '- '- )> ~ ~ )> '- '- )> '- -i )> '- ~ -I ~ '" i1f 0 3 0 ::> OJ '" ~ 0 0 i1f i1f 0 0 i1f 0 8 ~ 0 ~ ::> iii ~ co iii ::> ~ 5' ~ ~ ~ ~ ~ ~ iii c. 3 3 ::> <1l 3 ,,' ::> 3 c. ::> 3 3 ::> ::> 3 1il iii ::> 3 z en ::>. 3 en ::> en en ::> ::> en en ::> en Z Vl ~ at ~ 0 n <1l -g at ~ at 0 0 at at at at 0 0 at 0 en at 0 at Vl " <' <' ::> '" ,,' <1l <' <' ::> ::> <' <' <' ;6. ::> ::> <' ::> 0: <' ::> <' " !=' r- ::> en ::>. !=' r- c, r- r- r- r- 0 <1l <1l ::> <1l <1l <1l <1l <1l <1l ~ <1l <1l 0 ;0 0 () () '" -i () co ;0 0 () '" '" () () () () '" '" () '" () '" () ;0 en 3' 0 0 () en en en en en '< en ;1 0: 0 0 n ::> "" r:r 0 0: 0 n n 0 0 0 0 n n 0 n ,,' 0 n 0 ;1 ,,' ::> ::> ~ <1l en <1l ~ ,,' ::> ~ ~ ::> ::> ::> ::> ~ ~ ::> ~ ::> ~ ::> :::J =r ~ ~ 0 Cl 2' () ;0. .~ ~ 0 0 en en en en 0 0 en 0 co en 0 en :::J < 0 < ~ 2 2 2 2 < ~ 2 ~ 2 r:r 2 0 ~ 0: 0: ~ '" !l ::> en 0: 0: ~ ~ () ~ 0 0 0 z !l !l .or en ::> !l '1 !l !l !l !l !l !l !l Z -0 o' o' "" 15' 2 o' -0 15. "" "" 15' o' o' o' "" "" o' "" 3 o' "" o. ;0 '5' ::> "" )> )> )> '0 ;0 0 ::> ::> )> !l ::> 0 ::> )> )> ::> ::J ::J ::J ::J '" ::J )> ::J m en r> "" ::E en en en en en en m r- "" "" en 15' "" "" en l'l "" "" "" "" en en "" en ::J "" l'l "" r- 0 m m 0 () ::J ~ m m 0 m m m m 0 0 m 0 ::c m m 0 n '" ft n n n n Q. n ~ ::J ::J iii' E: Cl ::> ::> iii' iii' ::J ::J ::> ::J iii' iii' ::J '" '5' ::J iii' ::> n ~ ~ <' ~ ~ ~ ~ ~ ~ ~ ~ r> ~ ~ ~ iii ,,' 0: iii iii iii iii iii iii -i en !!" (;;' .!i en en en en en en 0 15' 0 ~ '5' ::> -0 Z r> 0 ~ ...... ...... ~ ~ ;5 0 ~ 0> 0> 0> ~ ~ !e w ~ ~ ~ ~ ~ ~ <X> ~ ~ fg fg ;;:, <:3 <:3 <:3 ~ ::.: ~ ;;:, ~ ;;:, ... ;;:, i;3 ...... ;;:, ;;:, ;;:, ;;:, '" i;3 ... <X> ~ ;5 ,.., 0 ...... w ;;:, ;;:, ;;:, ~ ;;:, ;;:, ;;:, ;;:, ;;:, ;;:, ~ 0 0 8 0 0 0 8 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ~ 0 0 0 CO co co CO 0 <X> <X> <X> <X> 0 0 ~ 0 ~ 0 CO co <X> <X> <X> <X> <X> ...... ...... ...... ...... ...... ...... ...... .... 0 b 0 ~ W .N '" ~ :.... ... '" '" '" '" '" '" '" (.ol I\) Ol ,.f>. I\) '" (.ol ~ ...... 0'1 '" 'CD I\) a ....... ,0'1 ...... N CD a U, .f>. !Xl a a ~ Ol I\) 9 ...... a a I\) a CD 9 CD I\) i:n tv 0 a t CD 0 a ~ a i:n a a !Xl a 0'1 a a ~ 0'1 9 a a .... Cl b Cl ~ '" Cl b Cl .... 0 b Cl .... '" '" ~ ~ ~ '" '" '" '" ~ co CD cO'I ...... I\) I\) '" '" '" cO'I a Co w w Ol in ..f>. (.ol Ol !Xl ....... !Xl Co !Xl in I\) a ... a a a a !Xl a (.ol co !Xl .f>. a ~ a ...... a a 0'1 a ...... (.ol Ol 0'1 tv 0 0 tv 0 0 0 0 i:n Co ~ 0 I\) a CD a ...... a a a a a a a a ~ b 0 I have carefully reviewed the HUD-l Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy ofthe HUD-l Settlement Statement. I, if the Purchaser/Borrower, acknowledge receipt in full of the loan proceeds, and if the Seller, acknowledge payment in full of the proceeds due me. If this transaction involves a sale, I agree to adjust the tax prorations shown on the Settlement Statement when the actual ad valorem tax bill is rendered. If this transaction involves a sale, as part of the consideration therefore, I agree that the contract between the parties is by reference incorporated herein and made a part hereof, and that the terms and conditions thereof shall survive the closing and shall not merge upon delivery of the deed. b~ BY: . ARION BARNES, S PRESIDENT Attest, i!~d-~ D NA T. BEDDEN, AS SECRET - SELLER: EDWARD J. COLEMAN, III, TRUSTEE FOR CHAPTER 7 ESTATE OF COMMERCIAL MILITARY SYSTEMS CO. INC., UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DlST OF G IA BORROWER: COUNTY BOARD OF EDUCA nON OF RICHMOND COUNTY, GEORGIA AUGUSTA, GEORGIA ~ By: To the best of my knowledge the HUD-l Settlement statement which I have prepared is a true and accurate account of the funds which were received and have been or will be disbursed by the undersigned as part of the settlement of this transaction. FLETCHER, HARLEY & FLETCHER, LLP ~t~ Settlement Agent WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can include a fine and imprisonment. For detail see: Title 18: U.S. Code, Sections 1001 and Section 1010. Date: JULY 17,2009