|
Settlement sheet.
ESCROW TRUST DEPARTMENT
SETTLEMENT SHEET
| Dated: _________ |
Escrow Trust No. _________ |
DUE SELLER
| 1. |
Purchase price |
$ |
| 2. |
Unearned insurance premiums |
|
| 3. |
Water tax paid in advance |
|
| 4. |
Coal and supplies on hand |
|
| 5. |
Miscellaneous |
|
|
|
|
|
|
_________ |
|
TOTAL |
$ |
CREDITS TO PURCHASER
| 1. |
General taxes as pro-rated: Tax for year
_________ $_____ January 1 to date |
$ |
| 2. |
Rents unearned as pro-rated |
|
| 3. |
Water tax due on meter reading of _________[date]
|
|
| 4. |
Gas bill due on meter reading of _________[date]
|
|
| 5. |
Electricity bill due on meter reading of
_________[date] |
|
| 6. |
Existing first mortgage |
|
|
Accrued Interest $_____ @ % from _________ to
date |
|
| 7. |
Existing second mortgage |
|
|
Accrued Interest $_____ @ % from _________ to
date |
|
| 8. |
Wages accrued and unpaid |
|
| 9. |
Purchase money notes |
|
| 10. |
Miscellaneous |
|
|
|
|
| 11. |
Earnest money |
|
| 12. |
Cash to balance |
_________ |
|
TOTAL |
$ |
The settlement above set forth is hereby approved:
NOTE: This statement should be preserved for use in the
preparation of income tax returns. Additional figures may well be inserted by
each party, as indicated below:
|
|
|
EXPENSE OF SELLER |
EXPENSE OF PURCHASER |
| 1. |
Title Policy |
$ |
$ |
| 2. |
Escrow Trust Fee |
|
|
| 3. |
Commission to Broker |
|
|
| 4. |
Recording |
|
|
| 5. |
Revenue Stamps on Deed or Notes |
|
|
| 6. |
Miscellaneous |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
$ |
$ |
| Principal and Interest payments
on Mortgages are to be made as follows: |
|
|
|
|
|
Net Proceeds |
Total Cost |
| First Mortgage to |
|
|
|
|
|
$ |
$ |
|
|
|
Profit or loss |
|
| Second Mortgage to |
|
|
|
|
|
$ |
$ |
______________________________________________________________________________________
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