Closing Documents/H&H EnterprisesAugust 11, 1997
Dear Glen,
Enclosed are the documents from your recent closing. If you have
any questions, feel free to call our Escrow Department. For faster
service, please have your file number CG-24598 at hand.
Thank you for choosing Sterling Title Services. We appreciate your
business.
Sincerely,
Y
JV Johnson
Escrow Assistant
"Protecting You is Our Business"
211 South Main Street • P.O. Box 73 • Kalispell, Montana 59903
Phone: 406-752-7000 • Title Department Fax: 406-752-7207 • Escrow Department Fax: 406-257-5663
- U.J. UEI-IIIVICNI Ur rI!JUOINU ANU UnDAN UCVCLUrmtrii
SETTLEMENT'STATEMENT ;-
D I Y t' t U Y L u A N
I ❑ FHA 2. O FMHA 3�'CONV UNINS
q, ❑ VA 6 CONY. INS.
6. FILE NUMBER: 7, LOAN NUMBER
CG-24598
B. MORTGAGE INS. CASE NO,
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 informational purposes and
are not included in the totals.
E NAME OF SELLER: city o s &aiispeii
ADDRESS OF SELLER: P.O. Box 1997 Kalispell, MT 59903-1997
G. PROPERTY # s 9& It Iris Court
LOCATION: Kalispell, MT 59901
1. SETTLEMENT DATE: 0 8/ 0 8/ 9 7
J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION
e Ins to be Invoiced 1 153.
1,07 County taxes to
407 County taxes to
}},,��1{{i alil
r.',, im i yYII�'� ugratl�tlll d,,IIM re�II�i�iw mlry�rl �v^ �r�"pV"V�,��4T �9 ' �lFlF''��I{i�l I'���w i � 'I'i^ 'gtlyylal h ai � P"ir f,^
',l,tIlIr r
;SSeSaI>70a ^,I'.,� ,. '4kl �rl7ry
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AOY�^.M.w'APA,4i•�'1�R
1,09.
409.
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,
^1IP II
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,Ms
l�o.
l r¢ 4'�H"'
6
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I N,.. 4
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r
V1 I�.yu�llltitlhwlrrI. nVm4Vlglil}i„tlll'�dd. l�, I 1."ti�1lItl;
4„mu ..I I."
111.
411.
j�a
-
120. GROSS AMOUNT DUE FROM BORROWER: ►
121075.00
420. GROSS AMOUNT DUE TO SELLER:
I 00-
32153.90
205
505. Payoff of second mortgage loan
4orNo.t
I
'��V
,,,II, I � I11 ��ryl ti�4 Iy1�I I�",I,^, „I, , �',rI'
50,61N6"t` "Vi I"
�
�50bi0U
e ., 1Yd fi t;
� 0�.
:I '1
400
207ill & Tr, Ind 2nd at. 23
12000 00
507 Note & Tr Ind
12000 00
,
208 ... �I
209
509.
DJUS MENTS FO
ADJUSTMENTS R ITEMS UNPAIDBY SELLER:
ADJUSTMENTS
JUS NTS ITEM FOR
0 S UNPAID BY SELLER:
210. City/town, taxes to
510. Cit /town taxes to
211. la
511, 0
ou yltaSea
212. Assessments to
512. Assessments to
r
2 4.
54. 514,
216.
516.
w
218.
518.
2:y9: II
�
5y1�U, i
LIP
220. TOTAL PAID BY/FOR
520. TOTAL REDUCTIONS lip.
0
IN AMOUNT DUE SELLER:
2 2 2 0 3.90
301. Gross amount due from borrower (line 120)
1.21 0 7.5_. 00
601, Gross amount due to seller (line 4,90)
32153. 90
303. CASH (❑ FROM) Xfi TO) BORROWER: - 925 . 0 0 603. CASH )iTO) (❑ FROM) SELLER: 9950.00
Previous Edition Is Obsolete
HUD-1 (3-86)
700. TOTAL SALES BROKERS COMMISSION
BASED ON PRICE
uiou,i,v�r'� rl i�r�rli� Im 1 i �i9vrrn
I
701. $ to
702 S to
703. Commission paid at settlement
704.
801. Loan Origination fee L. v % r i' to L a e c u
802- Loan Discount
803. Appraisal Fee to:
804. Credit Report to:
805. Lender's Inspection fee Final
806 Mortgage Insurance application fee to
807. Assumption tee
808 Construction Fee
809 Prepaid Reconveyances (2)
810.
811.
901. Interest from to (t $
902 Mortgage insurance premium for Mo. to
903. Hazard insurance premium for yrs. to
904 Flood Insurance Premium for yrs. to
905.
PAID FROM
PAID FROM
BORROWER'S
SELLER'S
FUNDS
FUNDS
AT
AT
SETTLEMENT
SETTLEMENT
Bank
75.00
250.00
52.00
/day
1001.
Hazard insurance m
months 0 $
per month
1002
Mortgage insurance
months (a $
per month
1003.
City property taxes
months (a- $
per month
1004
County property taxes
months (a $
per month
1005.
Annual assessments
months (ci $
per month
1006.
Flood Insurance
months at $
per month
1007.
months 0 $
per month
1008.
months (a $
per month
1101. Settlement or closing fee to' L e 1 1 1119 1 1 L 1 e 15e r v 1 cc s U. U U
1102. Abstract or title search to
1103. Title examination to
1104. Title insurance binder to
1105. Document preparation to
1106. Notary fees to
1107 Attorney's fees to
(includes above items Numbers:
1108. Title insurance to Sterling Title Services
(includes above items Numbers
1109. Lender's coverage $ 100000.00
1110. Owner's coverage $ 100000.00
1111.
1112.
1113
301.50
153.90
II i i -Y _
1201. Recording fees: Deed $ 12.00 ; Mortgage's 78.00 ; Releases $ 90.00
1202, City county tax/stamps: Deed $ Mortgage $
1203. State tax/stamps Deed $ ; Mortgage $
1204.
1205.
tI rri i
1301. Survey to
1302. Pest inspection to
1303.
1304.
1305.
1306
1307.
1400. TOTAL SETTLEMENT CHARGES (Enter on line 103, Section J - and - line 02, Section K) 111111. 1818.50 203.90
I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief. it is a true and accurate statement of all receipts and
disbursements m de on my account orb mein this Transaction I further certify that I have received a copy of HU �i Sett emenistatement
Lir ,
s`=
Borrowers I � Sellers
The HUD-1 Settle nt State t w L��e prepared is a true and accurate account o s transacti n I have caused or will cause the funds
to be disbursed i ccorda wT at ment
Settlement Agent Uf_/i�' y'.,, _i t Date
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 or
imprisonment. For details see: Title 18 U.S. Code Section 1001 and Section 1010.
PAGE 2
CG-24598
TAX PRO -RATION AGREEMENT
This agreement, made this 8th of August, 1997, between City of
Kalispell (Kalispell); and H & H Enterprises (H&H);
WITNESSETH;
H&H is purchasing certain property from Kalispell, being Lots 22
and 23 of Teton Terrace, Flathead County, Montana.
The property was tax exempt in 1996.
Any taxes or special assessments for the year 1997 are to be
pro -rated as of August 8, 1997.
The parties do therefore agree that at such time as the 1997 taxes
are payable and the amount thereof certain, they will at such time
pro -rate the taxes upon the property so purchased, as of the date
of closing, and each party will at such time pay their respective
share of such taxes.
Sterling Title Services will, if requested, be happy to provide the
pro -ration calculation for the parties, but will not be responsible
forcollectionof payment of said taxes.
CITY OF KALISPELL
10
len NeiAr, City Attorney
H & H ENTERPRISES