HomeMy Public PortalAbout 2018.12.14 Lots 11-29, Blk. 2, Riverside Sub, McCall, IDAmerican Land Title Association
ALTA Settlement Statement — Buyer
Adopted 05-01-2015
File No.: 709370-MC
Printed: 12/12/2018, 9:52 AM
Officer/Escrow Officer: Stacy Kriz/sk
Settlement Location:
616 North 3rd Street Suite 101, McCall, ID
83638
First American Title Company
616 North 3rd Street Suite 101 • McCall, ID 83638
Phone:(208)634-4705 Fax:1208)634-4405
Estimated Settlement Statement
Property Address: Lots 11-29, Blk 2 Riverside Sub, McCall, ID
Buyer: City of McCall, Idaho
Seller: The Warren and Jane Brown Trust Family Living Trust
Lender:
Settlement Date: 12/20/2018
Disbursement Date:
,Oescriptfot °.. -, .ileblt
redii
Financial
Sale Price
40,000.00
Prorations/Adjustments
County Taxes 07/01/18 to 12/20/18 @$366.44/yr
172.68
RPM02170020250 07/01/18 to 12/20/18 @$26,24/yr
12.37
RPM0217002026A 07/01/18 to 12/20/18 @$104.52/yr
49.25
Title Charges & Escrow / Settlement Charges
Policy -Owner's Policy to First American Title Company
204.00
Settlement or Closing Fee to First American Title Company
200.00
Courier and Handling Fee Buyer to First American Title Company
21.00
Government Recording and Transfer Charges
Recording Fee -Deed
7.50
e-document filing fee
2.25
Subtotals
40,434.75
234.30
Due From Buyer
40,200.45
Totals
40,434.75
40,434.75
Acknowledgement
We/I have carefully reviewed the Estimated ALTA Settlement Statement and find it to be a true and accurate
statement of all receipts and disbursements to be made on my account or by me in this transaction and further certify
that I have received a copy of the Estimated ALTA Settlement Statement. This Estimated Settlement Statement is
subject to changes, corrections or additions at the time of final computation of Escrow Settlement Statement. We/I
authorize First American Title Company to cause the funds to be disbursed in accordance with the Final ALTA
Settlement Statement to be provided to me/us at closing.
Copyright 2015 American Land Title Association.
All rights reserved Page 1 of 2 Printed on 12/12/2018 at 9:52 AM
File p 709370-MC
Buyer(s):
City of McCall, Idaho
ame: Jackie J. Aymon
Title: Mayor
(.
Escrow 0 tacy r: S riz
Copyright 2015 American Land Title Association. File # 709370-MC
All rights reserved
Page 2 of 2 Printed on 12/12/2018 at 9:52 AM
First American Title Company
CLOSING ESCROW INSTRUCTIONS
PURCHASE
Escrow No.: 709370-MC
Officer: Stacy Kriz Date: / /
Buyer: City of McCall, Idaho, an Idaho
To: First American Title Company, 616 North 3rd Street Suite 101, McCall, ID 83638
I/We hereby agree to purchase the hereinafter property as described in Schedule A of Commitment No. 709370-
MC situated in Valley County, Idaho for a total consideration of $40,000.00 and will on or before closing hand
you said consideration, which is payable as follows:
Earnest Money Deposit $N/A
Balance of Sales Price in the amount of $40,000.00
(closing costs and/or fees are additional)
I/We will deliver to you any additional funds and execute any instruments which are necessary to comply with the
terms hereof, all of which you may use when you hold for me a Warranty Deed from:
William Keller and Idaho Trust Bank, Co -Successor Trustees of The Family Trust created under
Article 3 of The Warren and Jayne Brown Family Living Trust U/T/A dated December 10, 1997,
amended March 31,1998
You are authorized and instructed to issue the specified title insurance policy or policies, in the specified amounts,
to -wit:
OWNERS ALTA HOMEOWNER'S $
OWNERS STANDARD$40,000.00 OWNERS EXTENDED $
LENDERS STANDARD $ LENDERS EXTENDED $
on the property described on attached Order No.: 709370-MC
Showing title vested in: City of McCall, Idaho, an Idaho
Subject to:
1. Paragraphs 1-10 of Schedule 'B' of Owner's Commitment for Title Insurance Order No. 709370-MC, dated
November 30, 2018, Revision No. FIRST, a copy of which is attached hereto.
2. Additional documents creating exceptions that will be recorded at the time of closing:
N/A
I have read the above referenced preliminary title commitment and approve the policy of title
insurance to be issued as required by instructions to include the above vesting and exceptions:
Buyers Initials:
Sellers) and Buyer(s) hereby acknowledge that all contingencies and conditions on the Buy/Sell
Agreement dated 11/29/18 and addendums dated on or after 11/29/18, have been either satisfied
or negotiated outside of this escrow.
Seller initials:
*Buyer initials: 9/(__.
PRORATE AND/OR ADJUST THE FOLLOWING AS OF 12/20/2018
-CHECK THOSE WHICH APPLY-
1. Taxes based on the amount of the tax statement set forth below under type of taxes for the year
therein specified of the Tax Collector which has been issued prior to the close of escrow. No
liability is assumed for the errors, omissions, and/or changes in the amount of the General
County Taxes assessed on real and personal property by the County Assessor and/or Taxing
Authority. (If the amount of the new tax bill issued by the Tax Collector after the close of escrow
is more or less than the amount used for proration purposes, the difference, if any, will be
adjusted by the parties herein outside of escrow.) Sellers are to FORWARD to buyers any
present or future tax bills on property herein. TYPE OF TAXES: ® Real Property 2018 ❑
Mobile Home ❑ Personal Property
❑ 2. Rents/Security Deposits
❑ 3. Condo or Homeowner's Association Dues
❑ 4. City Water/Sewer
❑ 5. City/County SID's (State Specific)
❑ 6. Other
Seller initials:
Buyer initials`p/fr.__
LOAN CALCULATIONS/PAYOFFS
Loan amounts shown in seller(s) and buyer(s) settlement statements were determined from information provided
to First American Title Company by the lender, or escrow provider, copies of which are available to the parties for
inspection. Any inaccuracies or deficiencies in the calculation of these amounts by the lender or escrow provider
remain the responsibility of the party legally obligated thereunder.
Seller initials: Buyer initials:
WATER RIGHTS
The parties acknowledge that First American Title Company is not responsible for the transfer of any water, or
water rights.
I hereby agree to hold you harmless from the failure of the transfer of water to myself regardless of the reason
or cause. If any transfer of water is being done, it is an accommodation for me. I understand that you have not
made a search of the water rights to this land. I further understand that you are not making any representation
and warranty concerning said water rights.
Seller initials:
Buyer initials: ?)/1
GENERAL PROVISIONS
AUTHORIZATION TO FURNISH COPIES
Page 2 of 9
You are authorized to furnish o copy of these instructions, amendments thereto, settlement statements and any
other documents depositedinthis escrow, except as noted in the paragraph immediately below, only to
kander(a), real estaUegent(s), broker(s) and/or attorney(s) involved in this transaction ("interested third parties")
upon request.
The Closing Disclosure will not be provided to interested third pmd1ea ortnan outside party. This is mandated
by the new privacy regulations, lenders' requirements, and for the protection of NPPl (Non -Public Personal
Information).
First American Title Company is hereby authorized and instructed to insert appropriate addresses on any and all
documents generated bvthis escrow, that may ormay not have been previously signed bvbuyers and/or sellers
MISCELLANEOUS FEES
Escrow Holder may incur certain additional costs on behalf o[the parties for services performed by third party
providers. The fees charged by Escrow Holder for such services may include a nlad« up over the direct cost of
such services to reflect the averaging of direct, administrative and overhead charges of Escrow Holder for such
RECONVEYANCE
In the event a lender who is pokj in full in connection with this escrow, fails to timely forward the paid Note and a
request for reconveyance of the paid Deed of Trust, the escrow holder acting as trustee and title insurer may use
the mrocedu�s outlined In state statutes and regulations to effect a reconveyance of the Deed of Trust. Among
other provisions ofthis chapter |sthe following: 'The reconveyanomofatrust deed pursuant tothis chapter shall
not itself discharge any personal obligation that was secured by the trust deed at the time of its myconveymnce.^
DEPOSIT OF FUNDS AND DISBURSEMENTS
All disbursements shall be made bvyour check. You are authorized not to close escrow or disburse until good
funds, as provided for instate statutes and regulations have been confirmed. All funds received inthis escrow
shall be deposited in one or more of your general escrow accounts with any bank doing business in said State
may be transferred toany other general escrow account or accounts. Upon specific instructions from all parties
tothis escrow, you may hold funds asotherwise instructed herein.
CLOSE OF ESCROW
The expression "close of escrow"/ n`mmns the date on which instruments referred to herein are filed for record
unless otherwise indicated herein. Recordation of any instrument delivered through this escrow, if necessary or
proper in the issuance of a policy of title insurance called for, is hereby authorized.
CONFLICTING DEMANDS OR CLAIMS
Should you, before or after the close of escrow, receive or become aware of any conflicting demands nrclaims
with respect to this escrow or the rights of any of the parties hereto, or any money or property deposited herein
or affected hereby, you shall have the right to discontinue any orall further acts on your part until such conflict is
resolved to your satisfaction, and you shall have the further right to commence or defend any action or
proceedings for the determination of such conflict. The provisions herein shall include, but are not limited to,
conflicting demands or disputed claims relating to the real estate commissions and/or brokerage fees,
ATTORNEYS FEES,COST/SUDT IN INTERPLEADER
The parties hereto jointly and severally agree to pay all costs, damages, judgments and expanses, including
naasonab|eattorney's feessuffenadorincurna1byyou|nconnectionwith,orar|sinQoutVfthiseocrow,induding,
but without limiting the generality of the foregoing, as suit |n interp|eader brought by you. The parties expressly
agree that you, as escrow holder, have the absolute right, �tyour election, to file an action in 7nbeqx|endmr. You
are authorized to deposit with the Clerk of Court all documents and funds held in this escrow.
RIGHT OF CANCELLATION
If any party to this escrow elects to cancel these instructions because of the failure of any party to comply with
any of the terms hereof within the time limits provided herein, said party so electing to cancel shall deliver a
written notice to the other party and escrow agent demanding that said other party comply with the terms hereof
within ten days from the receipt of said notice by escrow agent that these instructions shall hereupon become
canceled. When the written notice is delivered to escrow agent by the party snelecting tocancel, escrow agent
Page 3or9
shall within 5 days thereafter send a copy of said notice to the other party in the manner provided by law and the
usual practices of the escrow agent. In the event said other party shall fail within said ten day period to comply
with all of the terms hereof, these instructions shall become canceled and escrow agent is thereupon authorized:
(a) first, to pay to the party electing to cancel any earnest money deposited hereunder by said other party, after
deducting any charges: (b) second, to pay to said other party, any other money deposited hereunder by said
other party, after deducting any charges remaining unpaid; (c) third, to pay to the party electing to cancel, any
money deposited by said party, after deducting any charges remaining unpaid; and (d) fourth, to return all
documents deposited hereunder to the party who delivered the same except documents executed by more than
one party, which shall be marked "canceled" and retained in the files of escrow agent.
LEGAL ADVICE
Both Seller and Buyer acknowledge by their signatures hereon the following: I have been specifically informed
that First American Title Company (hereinafter designated as "First American Title Company") is not licensed to
practice law and no legal advice has been offered by First American Title Company or any of its employees. I
have been further informed that First American Title Company is acting only as escrow agent and that it is
forbidden by law from offering advice to any party regarding the merits of this escrow transaction or the nature
of the instruments utilized, and that it has not done so. I have not been referred by First American Title
Company to any named attorney or attorneys or discouraged from seeking advice of any attorney, but have
been requested to seek legal council of my own choosing at my own expense, if I have doubt concerning any
aspect of this transaction.
CONSUMER COMPLAINTS
If you have a concern or complaint about the settlement services or title insurance you received from us, please
contact our compliance team at:
cfpb@titlefc.com or
Title Financial Corporation
Compliance Department
P.O. Box 580
Blackfoot, Idaho 83221
PREPARATION OF FORM DOCUMENTS
I further declare all instruments to which I am a party, if prepared by First American Title Company, have
been prepared under the direction of my attorney, agents acting in my behalf, or myself, at my direction or
request, and particularly declare that copying legal descriptions from title reports onto forms of deeds, etc., or
reforming of legal descriptions or agreements, is or will be solely at my direction or request.
PERSONAL PROPERTY TAXES
No examination or insurance as to the amount or payment of personal property taxes is required unless
specifically requested.
TAXPAYER REPORTING INFORMATION
The Seller(s) acknowledges that Federal Law requires First American Title Company to report this transaction to
the Internal Revenue Service on Form 1099.
FACSIMILES/ELECTRONIC DOCUMENT DELIVERY
In the event Seller and/or Buyer utilize facsimile or electronically transmitted documents, Seller and Buyer agree
to accept and instruct First American Title Company to rely upon documents as if they bore original signatures.
Seller and Buyer agree to provide the documents bearing the original signatures within 5 days of transmission.
Seller and Buyer acknowledge and agree that any documents necessary for recording may not be accepted by the
County Clerk and Recorder, with facsimile or electronically transmitted signatures, thus delaying the close of
escrow.
AMENDMENTS TO ESCROW INSTRUCTIONS
Any amendments of and/or supplements to any instructions must be in writing. If any "Earnest Money
Agreements," "Receipt and Agreements to Purchase" or the like are attached to these instructions and one or
more terms of said agreements conflict with or vary from these instructions, these instructions shall nevertheless,
control.
Page 4 of 9
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F I N A N C I A L S O L V E N C Y
B o t h S e l l e r a n d B u y e r h e r e b y a g r e e t o h o l d F i r s t A m e r i c a n T i t l e C o m p a n y h a r m l e s s f r o m a l l l i a b i l i t y d u e t o t h e
f i n a n c i a l s t a t u s o r i n s o l v e n c y o f a n y o t h e r p a r t y , o r a n y m i s r e p r e s e n t a t i o n m a d e b y a n y o t h e r p a r t y a n d a n y l o s s
o r i m p a i r m e n t o f f u n d s t h a t h a v e b e e n d e p o s i t e d i n e s c r o w t h a t a r e i n t h e c o u r s e o f c o l l e c t i o n o r w h i l e t h o s e
f u n d s a r e o n d e p o s i t i n a f i n a n c i a l i n s t i t u t i o n i f s u c h l o s s o r i m p a i r m e n t r e s u l t s f r o m t h e f a i l u r e , i n s o l v e n c y o r
s u s p e n s i o n o f f i n a n c i a l i n s t i t u t i o n , o r a n y | w s y o r i m p a i r m e n t o f f u n d s d u e t o t h e i n v a l i d i t y o f a n y d r a f t , c h e c k ,
d o c u m e n t o r o t h e r n e g o t i a b l e i n s t r u m e n t d e l i v e r e d t o t h e e s c r o w a g a n t .
W e h a v e b e e n a f f o r d e d a d e q u a t e t i m e a n d o p p o r t u n i t y % w r e a d a n d u n d e r s t a n d t h e s e e s c r o w
i n s t r u c t i o n s a n d a l l o t h e r d o c u m e n t s r e f e r r e d t o t h e r e i n .
l 8 N e a p p r o v e o f t h e f o r e g o i n g i n s t r u c t i o n s , a g r e e t o b e b o u n d t h e r e b y , a n d w i l l d e l i v e r t o y o u d o c u m e n t s ,
i n s t r u c t i o n s a n d / o r f u n d s r e q u i r e d w i t h i n t h e t i m e l i m i t s s p e c i f i e d h e r e i n , w h i c h y o u a r e a u t h o r i z e d t o d e l i v e r
w h e n y o u c a n i s s u e y o u r p o l i c y o f t i t l e i n s u r a n c e a s s e t f o r t h a b o v e . Y o u a r e i n s t r u c t e d t o u s e t h e f u n d s a n d
r e c o r d t h e d o c u m e n t s U o c o m p l y w i t h s a i d e s c r o w i n s t r u c t i o n s a n d t o p a y a l l e n c u m b r a n c e s o f r e c o r d n e c e s s a r y ,
w i t h o u t f u r t h e r a p p r o v a l i n c l u d i n g p r e p a y m e n t p e n a l t i e s , t o s h o w t i t l e a s h e r e i n p r o v i d e d . I a g r e e t o p a y y o u r
u s u a l e s c r o w f e e s , d r a w i n g o f d o c u m e n t s a n d s u c h o t h e r c h a r g e s w h i c h a r e a d v a n c e d f o r m y a c c o u n t r e g a r d l e s s
o f t h e c o n s u m m a t i o n o f t h i s e s c r o w . l a l s o a g r e e t o p a y t i t l e I n s u r a n c e p r e m i u m s a n d r e c o r d i n g f e e s w h i c h a r e
p r o p e r l y c h a r g e a b l e t o m e .
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