new lawyer division mcle meeting wintrust mortgage january … · 2019-01-16 · 08title - cpl fee...

New Lawyer Division MCLE Meeting

Wintrust Mortgage January 17, 2017

11:45 AM – Noon Welcome/Introductions Emlyn Bertsche, Staff Liaison

Noon – 1:00 PM Program

Breaking Down a Settlement Statement Patrick Hynes, Citywide Title See attached for Speaker Bio Patrick will present an explanation of how to prepare a settlement statement. By attending this presentation, you will learn about the history of a settlement statement, lender responsibilities in preparing the settlement statement, title company responsibility, and the attorney's role in the settlement statement - including how to prepare a seller closing statement.

Next Meeting: April 4th – Deborah Tempkin speaking on E-Discovery

DCBA Events:

1/17/19 - Happy Hour at Maggianos in Oak Brook 1/21/19 – Basic Skills Seminar 2/8/19 - 3/1/19 – Joseph Mirabella Jr. Domestic Relations Trial Advocacy Program

Earn CLE Online!

DCBA OnDemand CLE is Now Powered by IICLE The Illinois Institute for Continuing Legal Education (IICLE®) and the DuPage County Bar Association (DCBA) are excited to offer a new IICLE®Share collaboration to provide DCBA members a high quality and reliable online learning experience. Members can find the link to The Illinois Institute for Continuing Legal Education (IICLE) on the DCBA website under “Legal Community”OnDemand CLE Online CLE Catalog

https://www.dcba.org/events/EventDetails.aspx?id=1177885&group=



View & Print All CLE Certificates through the DCBA Website:

Manage Profile -> Professional Development (under content & features) and choose the icon to the left of each meeting to print your certificate directly or choose to have them emailed to you to save to your computer (you MUST be logged in to view this feature)

American Land Title Association ALTA Settlement Statement - CombinedAdopted 05-01-2015

Property Address: 123 Main StreetChicago, IL 60600

Borrower: Bob Buyer and Barbara Buyer

Seller: Sam Seller and Sally Seller

Lender: ABC Bank

Settlement Date: 07/31/2018Disbursement Date: 07/31/2018Additional dates per state requirements:

Seller Description Borrower/BuyerDebit Credit Debit Credit

Financial$384,000.00 Sale Price of Property $384,000.00

Loan Amount $372,480.00

Prorations/Adjustments$6,000.00 Closing Cost Credit $6,000.00$3,136.00 County PropertyTaxes from 01/01/2018 thru 07/31/2018 $3,136.00

Other Loan ChargesAppraisal FeeCredit Report FeeFlood Certification FeeTax Service Fee

Title Charges & Escrow / Settlement ChargesTitle - Chain of Title Fee to Citywide Title $250.00Title - CPL Fee to First American $50.00Title - DFI Policy Fee to State of Illinois $3.00Title - Electronic Delivery Fee to Citywide Title $75.00Title - Endorsements to Citywide Title $350.00Title - Loan Policy to Citywide Title $500.00Title - Settlement Fee to Citywide Title $1,525.00Title - Update Fee to Citywide Title $150.00Title - Wire Fee to Citywide Title $40.00

Copyright 2015 American Land Title Association. File # test1All rights reserved. Page 1 of 3 Printed on: 08/31/18 1:40 PM

850 W. JacksonSuite 320

Chicago, IL 60607

Print Date & Time: 08/31/18 1:40 PMOfficer/Escrow Officer:Settlement Location:Citywide Title850 W. Jackson Blvd., Ste. 320Chicago, IL 60607

File No./Escrow No.: test1 Citywide Title CorporationALTA Universal ID:


$50.00 Title - CPL Fee to First American$3.00 Title - DFI Policy Fee to State of Illinois

$1,680.00 Title - Owner's Title Insurance to Citywide Title$475.00 Title - Search Fee to Citywide Title$150.00 Title - Update Fee to Citywide Title

$40.00 Title - Wire Fee to Citywide Title

Government Recording and Transfer Charges$1,152.00 City Transfer Tax to City of Chicago $2,880.00

$192.00 County Transfer Tax to Cook CountyRecording Fee (Deed) to Cook County Recorder $50.00Recording Fee (Mortgage) to Cook County Recorder $78.00

$384.00 Transfer Tax to State of Illinois

MiscellaneousBuyer Attorney Fee $400.00

$500.00 Seller Attorney fee$400.00 Survey to Urchell & Associates

$2,340.34 2nd Installment 2017 Taxes + Fee & Penalty to CookCounty Treasurer

$9,450.00 Real Estate Commission to First Key Homes$75.00 TI Fee to Citywide Title

$17,000.00 TI for Sold Taxes for 2016 & 1st Install 2017 to CitywideTitle TI Account

$1,394.58 Water Bill to City of Chicago$320.00 Water/Zoning Cert to River North Clerking

Seller Borrower/BuyerDebit Credit Debit Credit$44,741.92 $384,000.00 Subtotals $390,351.00 $381,616.00

Due From Borrower $8,735.00$339,258.08 Due To Seller$384,000.00 $384,000.00 Totals $390,351.00 $390,351.00


AcknowledgementWe/I have carefully reviewed the ALTA Settlement Statement and find it to be a true and accurate statement of all receipts anddisbursements made on my account or by me in this transaction and further certify that I have received a copy of the ALTASettlement Statement. We/I authorize Citywide Title Corporation to cause the funds to be disbursed in accordance with thisstatement.

_________________________________________________Escrow Officer

____________ Date


___________ _________________________ ___________Sam Seller Date

_________________________ ___________Sally Seller Date

Bob Buyer Date

_________________________ ___________Barbara Buyer Date

_________________________

Closing Disclosure This form is a statement of final loan terms and closing costs. Compare thisdocument with your Loan Estimate.

Closing Information Transaction Information Loan Information

Can this amount increase after closing?

Loan Amount $372,480 NO

Interest Rate 0% NO

Monthly Principal & Interest

See Projected payments belowfor your Estimated TotalMonthly Payment

NO

Does the loan have these features?

Prepayment Penalty NO

Balloon Payment NO

Payment Calculation Years - Years -

Principal & Interest

Mortgage InsuranceEstimated EscrowAmount can increase over time

Estimated TotalMonthly Payment

This estimate includes In escrow?Estimated Taxes, Insurance& AssessmentsAmount can increase over timeSee page 4 for details

monthly

☐ Property Taxes☐ Homeowner's Insurance☐ Other:

YESYESNO

See Escrow Account on page 4 for details. You must pay for other property costsseparately.

Closing Costs $6,351.00 Includes $2,943.00 in Loan Costs + $3,408.00 in Other Costs - $0.00 inLender Credits. See page 2 for details.

Cash to Closepopulate from Cash To/From Borrower

$8,735.00 Includes Closing Costs. See Calculating Cash to Close on page 3 for details.

CLOSING DISCLOSURE PAGE 1 OF 6 • LOANID # 123456File No. test1 Date/Time: 08/31/18 4:31 PM

ABC Bank

Loan TermPurposeProduct

____

Loan Type ☐Conventional ☐FHA☐VA ☐__________

+ + ____

Loan ID # 123456

+

MIC #

+ ____

Closing Date 7/31/2018Disbursement Date 7/31/2018Settlement Agent Citywide Title Corp.File # test1Property 123 Main Street

Chicago, IL 60600

Sale Price $384,000.00

Date Issued Borrower Bob Buyer and Barbara Buyer

Seller Sam Seller and Sally Seller

Lender

Closing Cost DetailsBorrower-Paid Seller-Paid Paid by

At Closing Before Closing At Closing Before Closing Others

A. Origination Charges01 0% of Loan Amount (Points) to ABC Bank

B. Services Borrower Did Not Shop For01 Appraisal Fee to02 Credit Report Fee to03 Flood Certification Fee to04 Tax Service Fee toC. Services Borrower Did Shop For $2,943.00

01 Title - CPL Fee to First American $50.0002 Title - Chain of Title Fee to Citywide Title $250.0003 Title - DFI Policy Fee to State of Illinois $3.0004 Title - Electronic Delivery Fee to Citywide Title $75.0005 Title - Endorsements to Citywide Title $350.0006 Title - Loan Policy to Citywide Title $500.0007 Title - Settlement Fee to Citywide Title $1,525.0008 Title - Update Fee to Citywide Title $150.0009 Title - Wire Fee to Citywide Title $40.00D. TOTAL LOAN COSTS (Borrower-Paid) $2,943.00

Loan Costs Subtotals (A + B + C) $2,943.00

E. Taxes and Other Government Fees $3,008.0001 Recording Fees Deed: $50.00 Mortgage: $78.00 $128.00

to Cook County Recorder02 Transfer Tax to State of Illinois $384.0003 City Transfer Tax to City of Chicago $2,880.00 $1,152.0004 County Transfer Tax to Cook County $192.00F. Prepaids

01 Homeowner's Insurance Premium ( mo.) to02 Mortgage Insurance Premium ( mo.) to03 Prepaid Interest ( per day from

07/31/2018 to 08/01/2018to ABC Bank

04 Property Taxes ( mo.) toG. Initial Escrow Payment at Closing to ABC Bank

01 Homeowner's Insurance per month for mo.

02 Mortgage Insurance per month for mo.

03 Property Taxes per month for mo.

04 Assessment Taxes per month for mo.

05 City Property Taxes per month for mo.

06 County Property Taxes per month for mo.

07 MUD Taxes per month for mo.

08 Other Taxes per month for mo.

09 School Property Taxes per month for mo.

10 Aggregate Adjustment

H. Other $400.0001 2nd Installment 2017 Taxes + Fee

& Penaltyto Cook County Treasurer $2,340.34

02 Buyer Attorney Fee to $400.0003 Real Estate Commission to First Key Homes $9,450.0004 Seller Attorney fee to $500.0005 Survey to Urchell & Associates $400.0006 TI Fee to Citywide Title $75.0007 TI for Sold Taxes for 2016 & 1st

Install 2017to Citywide Title TI Account $17,000.00

08 Title - CPL Fee to First American $50.0009 Title - DFI Policy Fee to State of Illinois $3.0010 Title - Owner's Title Insurance to Citywide Title $1,680.0011 Title - Search Fee to Citywide Title $475.0012 Title - Update Fee to Citywide Title $150.0013 Title - Wire Fee to Citywide Title $40.00


14 Water Bill to City of Chicago $1,394.5815 Water/Zoning Cert to River North Clerking $320.00I. TOTAL OTHER COSTS (Borrower-Paid) $3,408.00

Other Costs Subtotals (E + F + G + H) $3,408.00

J. TOTAL CLOSING COSTS (Borrower-Paid) $6,351.00

Closing Costs Subtotals (D + I) $6,351.00 $35,605.92

Lender Credits


Use this table to see what has changed from your Loan Estimate.Loan Estimate Final Did this change?

Total Closing Costs (J) $0.00 $6,351.00 YES • See Total Loan Costs (D) and Total Other Costs (I)

Closing Costs Paid Before Closing $0.00 $0.00 NO

Closing Costs Financed(Paid from your Loan Amount)

$0.00 $0.00 NO

Down Payment/Funds from Borrower $0.00 $11,520.00 YES

Deposit $0.00 $0.00 NO

Funds for Borrower $0.00 $0.00 NO

Seller Credits $0.00 $0.00 NO

Adjustments and Other Credits $0.00 -$9,136.00 YES • See details in Sections K and L

Cash to Close $0.00 $8,735.00

Use this table to see a summary of your transaction.

BORROWER’S TRANSACTION SELLER’S TRANSACTION

K. Due from Borrower at Closing $390,351.00 M. Due to Seller at Closing $384,000.0001 Sale Price of Property $384,000.00 01 Sale Price of Property $384,000.0002 Sale Price of Any Personal Property Included in Sale 02 Sale Price of Any Personal Property Included in Sale03 Closing Costs Paid at Closing (J) $6,351.00 0304 04Adjustments 0505 0606 0707 08Adjustments for Items Paid by Seller in Advance Adjustments for Items Paid by Seller in Advance08 County PropertyTaxes 09 County PropertyTaxes09 City Property Taxes 10 City Property Taxes10 . 11 .11 . 12 .12 1313 1414 Assessment Credit to Seller 15 Assessment Credit to Seller15 16

L. Paid Already by or on Behalf of Borrower at Closing $381,616.00 N. Due from Seller at Closing $44,741.9201 Deposit 01 Excess Deposit02 Loan Amount $372,480 02 Closing Costs Paid at Closing (J) $35,605.9203 Existing Loan(s) Assumed or Taken Subject to 03 Existing Loan(s) Assumed or Taken Subject to04 04 Payoff of First Mortgage Loan05 05 Payoff of Second Mortgage LoanOther Credits 06 Closing Cost Credit $6,000.0006 Closing Cost Credit $6,000.00 0707 08Adjustments 0908 1009 1110 1211 13Adjustments for Items Unpaid by Seller Adjustments for Items Unpaid by Seller12 County PropertyTaxes 1/1/2018 thru 7/31/2018 $3,136.00 14 County PropertyTaxes 1/1/2018 thru 7/31/2018 $3,136.0013 City Property Taxes 15 City Property Taxes14 . 16 .15 . 17 .16 1817 19

CALCULATION CALCULATIONTotal Due from Borrower at Closing (K) $390,351.00 Total Due to Seller at Closing (M) $384,000.00Total Paid Already by or on Behalf of Borrower at Closing (L) -$381,616.00 Total Due from Seller at Closing (N) -$44,741.92Cash to Close ☒ From ☐To Borrower $8,735.00 Cash ☐ From ☒To Seller $339,258.08


Additional Information About This Loan

AssumptionIf you sell or transfer this property to another person, your lender

Demand FeatureYour loan

Late PaymentIf your payment is more than days late, your lender will charge a latefee of .

Negative Amortization (Increase in Loan Amount)Under your loan terms, you

Partial PaymentsYour lender

If this loan is sold, your new lender may have a different policy.

Security InterestYou are granting a security interest in123 Main StreetChicago, IL 60600

You may lose this property if you do not make your payments orsatisfy other obligations for this loan.

Escrow AccountFor now, your loan

In the future,Your property costs may change and, as a result, your escrow paymentmay change. You may be able to cancel your escrow account, but ifyou do, you must pay your property costs directly. If you fail to payyour property taxes, your state or local government may (1) imposefines and penalties or (2) place a tax lien on this property. If you fail topay any of your property costs, your lender may (1) add the amountsto your loan balance, (2) add an escrow account to your loan, or (3)require you to pay for property insurance that the lender buys on yourbehalf, which likely would cost more and provide fewer benefits thanwhat you could buy on your own.


☐ are scheduled to make monthly payments that do not pay all ofthe interest due that month. As a result, your loan amount willincrease (negatively amortize), and your loan amount will likelybecome larger than your original loan amount. Increases in yourloan amount lower the equity you have in this property.

☐ may have monthly payments that do not pay all of the interestdue that month. If you do, your loan amount will increase(negatively amortize), and, as a result, your loan amount maybecome larger than your original loan amount. Increases in yourloan amount lower the equity you have in this property.

☒ do not have a negative amortization feature.

☐ may accept payments that are less than the full amount due(partial payments) and apply them to your loan.

☐ may hold them in a separate account until you pay the rest of thepayment, and then apply the full payment to your loan.

☒ does not accept any partial payments.

☐ will allow, under certain conditions, this person to assume thisloan on the original terms.

☒ will have an escrow account (also called an “impound” or “trust”account) to pay the property costs listed below. Without anescrow account, you would pay them directly, possibly in one ortwo large payments a year. Your lender may be liable forpenalties and interest for failing to make a payment.

Escrow

EscrowedProperty Costsover Year 1

$0.00 Estimated total amount over year 1 foryour escrowed property costs:

Non-EscrowedProperty Costsover Year 1

Estimated total amount over year 1 foryour non-escrowed property costs:

You may have other property costs.

Initial EscrowPayment

$0.00

Monthly EscrowPayment

$0.00

☐ will not have an escrow account because ☐ you declined it ☐your lender does not offer one. You must directly pay yourproperty costs, such as taxes and homeowner’s insurance.Contact your lender to ask if your loan can have an escrowaccount.

No Escrow

EstimatedProperty Costsover Year 1

Escrow Waiver Fee

☒ will not allow assumption of this loan on the original terms.

☐ has a demand feature, which permits your lender to require earlyrepayment of the loan. You should review your note for details.

☒ does not have a demand feature.

AppraisalIf the property was appraised for your loan, your lender is required togive you a copy at no additional cost at least 3 days before closing.If you have not yet received it, please contact you lender at theinformation listed below.

Contract DetailsSee your note and security instrument for information about

what happens if you fail to make your payments,· what is a default on the loan,· situations in which your lender can require early repayment of the· loan, andthe rules for making payments before they are due·

Liability after ForeclosureIf you lender forecloses on this property and the foreclosure does notcover the amount of unpaid balance on this loan,

RefinanceRefinancing this loan will depend on your future financial situation, theproperty value, and market conditions. You may not be able torefinance this loan.

Tax DeductionsIf you borrow more than this property is worth, the interest on the loanamount above this property’s fair market value is not deductible fromyour federal income taxes. You should consult a tax advisor for moreinformation.

Lender Settlement Agent

Name ABC Mortgage Citywide Title Corp.

Address 850 W. Jackson BLVD. Suite: 320Chicago, IL 60607

NMLSID

IL License ID

Contact

Contact NMLS ID

ContactIL License ID

Email [email protected]

Phone 312-492-8934

By signing, you are only confirming that you have received this form. You do not have to accept this loan because you have signed or received thisform.


☐ state law does not protect you from liability for the unpaid balance.

Finance Charge. The dollar amount the loan will costyou.

Amount Financed. The loan amount available afterpaying your upfront finance charge.

$372,480

Annual Percentage Rate (APR). Your costs over theloan term expressed as a rate. This is not yourinterest rate.

0%

Total Interest Percentage (TIP). The total amount ofinterest that you will pay over the loan term as apercentage of your loan amount.

0%

? Questions? If you have questions about the loanterms or costs on this form, use the contactinformation below. To get more information ormake a complaint, contact the Consumer FinancialProtection Bureau atwww.consumerfinance.gov/mortgage-closing

Bob Buyer Date Barbara Buyer Date

Total of Payments. Total you will have paid afteryou make all payments of principal, interest,mortgage insurance, and loan costs, as scheduled

☒ state law may protect you from liability for the unpaid balance. Ifyou refinance or take on any additional debt on this property, youmay lose this protection and have to pay any debt remaining evenafter foreclosure. You may want to consult a lawyer for moreinformation.

http://www.consumerfinance.gov/mortgage-closing

File No: test1

This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I-Requirements; and Schedule B, Part II-Exceptions. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Commitment for Title Insurance (8-1-2016)

Page 1

Transaction Identification Data for reference only: Issuing Agent: Citywide Title Corp. Issuing Office: 850 W. Jackson BLVD. Suite: 320

Chicago, IL, 60607 Loan ID Number: 123456 Property Address: 123 Main Street Chicago, IL 60634

COMMITMENT FOR TITLE INSURANCE

Issued by

First American Title Insurance Company

SCHEDULE A 1. Commitment Date: July 10, 2018

2. Policy to be issued: (a) 2006 ALTA® Owner's Policy

Proposed Insured:

Bob Buyer and Barbara Buyer

Proposed Policy Amount: $384,000.00

(b) 2006 ALTA® Loan Policy

Proposed Insured: ABC Bank

Proposed Policy Amount: $372,480.00 3. The estate or interest in the land described or referred to in this Commitment is Fee Simple.

4. Title to the Fee Simple estate or interest in the land is at the Effective Date vested in:

Sam Seller and Sally Seller

5. The land referred to in this Commitment is described as follows: SEE ATTACHED EXHIBIT "A"

File No: test1


Page 2

EXHIBIT "A"

The North 32 feet 6 inches of Lot 68 in John J. Rutherford 3rd Addition to Mont Clare in the Northwest 1/4 of Section 30, Township 40 North, Range 13, East of the Third Principal Meridian, in Cook County, Illinois.


Issued by


SCHEDULE B, PART I Requirements

All of the following Requirements must be met: 1. The Proposed Insured must notify the Company in writing of the name of any party not

referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions.

2. Pay the agreed amount for the estate or interest to be insured. 3. Pay the premiums, fees, and charges for the Policy to the Company. 4. Documents satisfactory to the Company that convey the Title or create the Mortgage to

be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Records.

SCHEDULE B, PART II Exceptions

THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR LIMITATION CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE EXTENT THAT THE SPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATES STATE OR FEDERAL LAW BASED ON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN. The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company:


Issued by


SCHEDULE B, PART II Exceptions (Continued)

1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the

first time in the Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on which all of the Schedule B, Part I-Requirements are met.

2. Rights or claims of parties in possession not shown by the public records. 3. Easements, or claims of easements, not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, or other matters which would

be disclosed by an accurate survey and inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore and hereafter

furnished, imposed by law and not shown by the public records. 6. Taxes or special assessments which are not shown as existing liens by the public

records.

7. General Real Estate Taxes for the years 2016, 2017, 2018 and subsequent years.

Permanent index number: 13-30-119-029-0000, Volume 362. NOTE: Tax sale for general taxes for the year 2016 were sold on May 8, 2018, to F.I.G., II 18, LLC for the amount of $2,368.90, and interest, penalty, costs and all charges, if any, accrued thereunder by reason of the payment of subsequent general taxes or special assessments. NOTE: The amount above is the principal amount of the taxes and does not include interest and costs which are also subject to the penalties shown NOTE: The first installment of the 2017 taxes in the amount of $2,608.57 is unpaid and delinquent. NOTE: The second installment of the 2017 taxes in the amount of $2,299.84 is due August 1, 2018. NOTE: The taxes for the year 2018 are not yet due and payable.

8. We find no existing mortgage of record affecting the subject land. 9. Relative to the rehabilitation work done on the land, we must be furnished lien waiver

documentation:

A. A sworn Contractors Statement containing the names, addresses and contract amounts of the Subcontractors employed. B. Completely executed Mechanic's Lien Waivers. All material suppliers are to be listed on these waivers and the suppliers' lien waivers should be attached thereto. If materials were purchased by contractor, we must be furnished paid receipts along with statement that materials were picked up by individual in their own vehicle. C. All documents are to be fully executed and notarized. If a Corporation is executing the waiver, their Corporation seal should be affixed. D. Current dated and spotted survey. E. Final Occupancy Permit. NOTE: Upon receipt of a satisfactory affidavit of agreement this exception will be deleted.

11. Building setback line of 15 feet (from the East lot line) as shown on the plat of

subdivision. 12. The standard exceptions 1 through 6 will be deleted from our policy if the insured land is

improved with 1-4 residential units upon review and acceptance of the following: a) an acceptable survey or affidavit in lieu of survey and; b) a properly executed ALTA extended coverage statement.

13. In the event that the buyer in the subject transaction is taking title in a personal trust,

then the following language and signature of the trustee must be included on the Deed into Trust: The foregoing transfer of title/conveyance is hereby accepted by {individual name of trustee} of {address of individual trustee}, as Trustee under the provisions of the {name of trust taking title}. Signature line: _________________________, Trustee, aforesaid.

14. NOTE: This transaction may be subject to a confidential order issued pursuant to

the Bank Secrecy Act. Information necessary to comply with the confidential order must be provided prior to the closing. This transaction will not be insured until this information is submitted, reviewed and found to be complete.

15. By City of Chicago municipal ordinance a transfer tax has been imposed upon the sale

of real property located within the city. All deeds presented to this company for recording must have the applicable transfer tax declaration or exemption form. As of the date of this commitment the transfer tax rate is $3.75 per $500.00 based on the consideration of the transaction.

By amendments to the City of Chicago municipal code a validation requirement has been imposed upon the sale of property located within the city limits. Therefore, all deeds presented to this company for recording must have the appropriate transfer tax declaration, or exemption form, together with the certification signature by the City Department of Water, attached thereto.

NOTE: The Chicago municipal code requires a registration statement disclosing ownership of buildings used for four or more family units or used for sleeping accommodations for 10 or more persons to be filed prior to the issuance of transaction tax stamps. All Chicago transfer tax declarations attached to documents submitted to this company for recording must comply with this requirement by either checking the appropriate line on the declaration under department certifications or attaching the building department registration certificate to the declaration.

NOTE: The Terms of the City of Chicago Zoning Compliance ordinance must be met.

- Requires water and/or sewer bill be paid before issuing stamp.

- Exemption - Processing fee (contact municipality).

16. NOTE: The land subject to this commitment lies within the boundaries of Cook,

Will, Kane and Peoria Counties, Illinois and is subject to the Anti-Predatory Lending Database Program (765 ILCS 77/70 ET SEQ). Effective July 1, 2008, valid certificates of compliance or exemption issued in conformity with the act must be obtained at the time of closing in order to record any mortgage. If the escrow closing is not conducted by the company or authorized agents, a certificate of compliance or exemption and additional documents required by the act must be attached to any mortgage being submitted to the company or authorized agents for recording. For addition information, go to www.IDFPR.com, the division of banking.

CHAIN OF TITLE FOR INFORMATIONAL PURPOSES ONLY:

Last deed of record to the estate or interest shown in schedule 'A' was acquired by Special Warranty deed dated March 31, 2017 and recorded as document number 1620348000 from PNC Bank, NA to Sam Seller and Sally Seller.

FOR INFORMATIONAL PURPOSES: The loan policy, when issued, will contain the following: ALTA 9 Endorsement EPA Endorsement Location Endorsement

Attorney Agent

Settlement Agent Title Issuing Agent

Property Address: 123 Main Street, Chicago, IL 60600 File Number: Test1

Seller(s): Sam and Sally Seller Purchase Price: 384,000

Buyer(s): Bob and Barbara Buyer Loan Amount: 372,480

Seller Total Buyer Total

4,126.00 5,951.00

Escrow/Settlement Fee to Citywide Title 1,525.00

1,680.00 Owner's Title Insurance to Attorney Agent

Loan Policy of Title Insurance to Attorney Agent 500.00

Loan Policy Endorsement(s) to Attorney Agent 350.00

Endorsement(s) description EPL, ALTA 9

475.00 Search Fee to Citywide Title

150.00 Update Fee to Citywide Title 150.00

Chain of Title Fee to Citywide Title 250.00

40.00 Wire Fee to Citywide Title 40.0050.00 CPL Fee to First American 50.00

3.00 DFI Policy Fee to State of Illinois 3.00Electronic Delivery Svc Fee to Citywide Title 75.00

to

Recording Fees (Deed) to Cook County Recorder 50.00

Recording Fees (Mortgage) to Cook County Recorder 78.00

Recording Fees (Other) to Cook County Recorder

384.00 State Transfer Tax to State of Illinois

192.00 County Transfer Tax to Cook County

1,152.00 City Transfer Tax to Chicago 2,880.00

CPLs, INVOICES, LENDER/LOAN AMOUNT CHANGES TO: [email protected]

INVOICE

TO SCHEDULE A CLOSING PLEASE CONTACT US [email protected]

OR

EMAIL FOR DOCUMENTS TO: [email protected] FOR FIGURES: 312-589-6353

Title/Settlement Charges

Sellers: Sam and Sally Seller

Buyers: Bob and Barbara Buyer

Property Address: 123 Main Street, Chicago 60600

Closing Date: 7/31/2018

Debits Credits

Purchase Price 384,000.00

1/1/2018 to 7/31/2018 County Property Taxes-Credit to Buyer 3,136.00

Seller credit to Buyer 6,000.00

Owner's Title Insurance 1,680.00

Search Fee 475.00

Update Fee 150.00

Wire Fee 40.00

CPL Fee 50.00

DFI Policy Fee 3.00

Real Estate Commission to First Key Homes 9,450.00

Real Estate Commission to ReMax Suburban TBD

State Transfer Tax 384.00

County Transfer Tax 192.00

City Transfer Tax 1,152.00

Survey Fee 400.00

Seller Attorney Fees 500.00

Water/Zoning 320.00

Final Water Bill 1,394.58

TI Sold Taxes for 2016 & 1st Install 2017 17,000.00

TI Fee 75.00

2nd Install 2017 Taxes+Fee&Penalty 8/31 2,340.34

Due To Seller 339,258.08

-------------------- --------------------

Totals 384,000.00 384,000.00

__________________________________________________

Seller

_________________________________________________

Seller

_________________________________________________

Buyer

_______________________________________________

Buyer

Seller Closing Statement

American Land Title Association ALTA Settlement Statement - CombinedAdopted 05-01-2015

Property Address: 456 Main StreetNaperville, IL 60500

Borrower: Peter Purchaser and Paula Purchaser

Seller: Oliver Owner and Olivia Owner

Lender: ABC Bank

Settlement Date: 09/14/2018Disbursement Date: 09/14/2018Additional dates per state requirements:


Financial$395,000.00 Sale Price of Property $395,000.00

Loan Amount $316,000.00

Prorations/Adjustments$6,400.44 County PropertyTaxes from 01/01/2018 thru 09/14/2018 $6,400.44

Other Loan ChargesAppraisal FeeCredit Report FeeFlood Certification FeeTax Service Fee

Title Charges & Escrow / Settlement ChargesTitle - Chain of Title Fee to Citywide Title $250.00Title - CPL Fee to First American $50.00Title - DFI Policy Fee to State of Illinois $3.00Title - Electronic Delivery Fee to Citywide Title $75.00Title - Endorsements to Citywide Title $350.00Title - Loan Policy to Citywide Title $500.00Title - Settlement Fee to Citywide Title $1,525.00Title - Update Fee to Citywide Title $150.00Title - Wire Fee to Citywide Title $80.00

$50.00 Title - CPL Fee to First American

Copyright 2015 American Land Title Association. File # test 2All rights reserved. Page 1 of 3 Printed on: 08/31/18 1:47 PM

850 W. JacksonSuite 320

Chicago, IL 60607

Print Date & Time: 08/31/18 1:47 PMOfficer/Escrow Officer:Settlement Location:Citywide Title850 W. Jackson Blvd., Ste. 320Chicago, IL 60607

File No./Escrow No.: test 2 Citywide Title CorporationALTA Universal ID:


$3.00 Title - DFI Policy Fee to State of Illinois$1,700.00 Title - Owner's Title Insurance to Citywide Title

$475.00 Title - Search Fee to Citywide Title$150.00 Title - Update Fee to Citywide Title

$40.00 Title - Wire Fee to Citywide Title

Government Recording and Transfer ChargesCity Transfer Tax to City of Naperville $1,185.00

$197.50 County Transfer Tax to Dupage CountyRecording Fee (Deed) to Dupage County Recorder $40.00Recording Fee (Mortgage) to Dupage County Recorder $52.00

$395.00 Transfer Tax to State of Illinois

Payoff(s)Lender: Payoff of First Mortgage Loan to

BMO Harris$108,214.36

$108,214.36Lender: Payoff of Second Mortgage Loan

to BMO Harris$50,100.99

$50,100.99

MiscellaneousBuyer Attorney FeeSeller Attorney fee

$425.00 Survey to Morris Engineering, Inc.$11,850.00 Real Estate Commission$11,850.00 Real Estate Commission

Seller Borrower/BuyerDebit Credit Debit Credit

$191,851.29 $395,000.00 Subtotals $399,260.00 $322,400.44Due From Borrower $76,859.56

$203,148.71 Due To Seller$395,000.00 $395,000.00 Totals $399,260.00 $399,260.00


AcknowledgementWe/I have carefully reviewed the ALTA Settlement Statement and find it to be a true and accurate statement of all receipts anddisbursements made on my account or by me in this transaction and further certify that I have received a copy of the ALTASettlement Statement. We/I authorize Citywide Title Corporation to cause the funds to be disbursed in accordance with thisstatement.

_________________________________________________Escrow Officer

____________ Date


___________ _________________________ ___________Oliver Owner Date

_________________________ ___________Olivia Owner Date

Peter Purchaser Date

_________________________ ___________Paula Purchaser Date

_________________________

Closing Disclosure This form is a statement of final loan terms and closing costs. Compare thisdocument with your Loan Estimate.

Closing Information Transaction Information Loan Information

Can this amount increase after closing?

Loan Amount $316,000 NO

Interest Rate 0% NO

Monthly Principal & Interest

See Projected payments belowfor your Estimated TotalMonthly Payment

NO

Does the loan have these features?

Prepayment Penalty NO

Balloon Payment NO

Payment Calculation Years - Years -

Principal & Interest

Mortgage InsuranceEstimated EscrowAmount can increase over time

Estimated TotalMonthly Payment

This estimate includes In escrow?Estimated Taxes, Insurance& AssessmentsAmount can increase over timeSee page 4 for details

monthly

☐ Property Taxes☐ Homeowner's Insurance☐ Other:

YESYESNO

See Escrow Account on page 4 for details. You must pay for other property costsseparately.

Closing Costs $4,260.00 Includes $2,983.00 in Loan Costs + $1,277.00 in Other Costs - $0.00 inLender Credits. See page 2 for details.

Cash to Closepopulate from Cash To/From Borrower

$76,859.56 Includes Closing Costs. See Calculating Cash to Close on page 3 for details.

CLOSING DISCLOSURE PAGE 1 OF 6 • LOANID # 12345File No. Test 2 Date/Time: 08/31/18 4:32 PM

ABC Bank

Loan TermPurposeProduct

____

Loan Type ☐Conventional ☐FHA☐VA ☐__________

+ + ____

Loan ID # 12345

+

MIC #

+ ____

Closing Date 9/14/2018Disbursement Date 9/14/2018Settlement Agent Citywide Title Corp.File # Test 2Property 456 Main Street

Naperville, IL 60500

Sale Price $395,000.00

Date Issued Borrower Peter Purchaser and PaulaPurchaser

,

Seller Oliver Owner and Olivia Owner

Lender

Closing Cost DetailsBorrower-Paid Seller-Paid Paid by

At Closing Before Closing At Closing Before Closing Others

A. Origination Charges01 0% of Loan Amount (Points) to ABC Bank

B. Services Borrower Did Not Shop For01 Appraisal Fee to02 Credit Report Fee to03 Flood Certification Fee to04 Tax Service Fee toC. Services Borrower Did Shop For $2,983.00

01 Title - CPL Fee to First American $50.0002 Title - Chain of Title Fee to Citywide Title $250.0003 Title - DFI Policy Fee to State of Illinois $3.0004 Title - Electronic Delivery Fee to Citywide Title $75.0005 Title - Endorsements to Citywide Title $350.0006 Title - Loan Policy to Citywide Title $500.0007 Title - Settlement Fee to Citywide Title $1,525.0008 Title - Update Fee to Citywide Title $150.0009 Title - Wire Fee to Citywide Title $80.00D. TOTAL LOAN COSTS (Borrower-Paid) $2,983.00

Loan Costs Subtotals (A + B + C) $2,983.00

E. Taxes and Other Government Fees $1,277.0001 Recording Fees Deed: $40.00 Mortgage: $52.00 $92.00

to Dupage County Recorder02 Transfer Tax to State of Illinois $395.0003 City Transfer Tax to City of Naperville $1,185.0004 County Transfer Tax to Dupage County $197.50F. Prepaids

01 Homeowner's Insurance Premium ( mo.) to02 Mortgage Insurance Premium ( mo.) to03 Prepaid Interest ( per day from

09/14/2018 to 10/01/2018to ABC Bank

04 Property Taxes ( mo.) toG. Initial Escrow Payment at Closing to ABC Bank

01 Homeowner's Insurance per month for mo.

02 Mortgage Insurance per month for mo.

03 Property Taxes per month for mo.

04 Assessment Taxes per month for mo.

05 City Property Taxes per month for mo.

06 County Property Taxes per month for mo.

07 MUD Taxes per month for mo.

08 Other Taxes per month for mo.

09 School Property Taxes per month for mo.

10 Aggregate Adjustment

H. Other01 Buyer Attorney Fee to02 Real Estate Commission to $11,850.0003 Real Estate Commission to $11,850.0004 Seller Attorney fee to05 Survey to Morris Engineering, Inc. $425.0006 Title - CPL Fee to First American $50.0007 Title - DFI Policy Fee to State of Illinois $3.0008 Title - Owner's Title Insurance to Citywide Title $1,700.0009 Title - Search Fee to Citywide Title $475.0010 Title - Update Fee to Citywide Title $150.0011 Title - Wire Fee to Citywide Title $40.00I. TOTAL OTHER COSTS (Borrower-Paid) $1,277.00

Other Costs Subtotals (E + F + G + H) $1,277.00


J. TOTAL CLOSING COSTS (Borrower-Paid) $4,260.00

Closing Costs Subtotals (D + I) $4,260.00 $27,135.50

Lender Credits


Use this table to see what has changed from your Loan Estimate.Loan Estimate Final Did this change?

Total Closing Costs (J) $0.00 $4,260.00 YES • See Total Loan Costs (D) and Total Other Costs (I)

Closing Costs Paid Before Closing $0.00 $0.00 NO

Closing Costs Financed(Paid from your Loan Amount)

$0.00 $0.00 NO

Down Payment/Funds from Borrower $0.00 $79,000.00 NO

Deposit $0.00 $0.00 NO

Funds for Borrower $0.00 $0.00 NO

Seller Credits $0.00 $0.00 NO

Adjustments and Other Credits $0.00 -$6,400.44 NO

Cash to Close $0.00 $76,859.56

Use this table to see a summary of your transaction.

BORROWER’S TRANSACTION SELLER’S TRANSACTION

K. Due from Borrower at Closing $399,260.00 M. Due to Seller at Closing $395,000.0001 Sale Price of Property $395,000.00 01 Sale Price of Property $395,000.0002 Sale Price of Any Personal Property Included in Sale 02 Sale Price of Any Personal Property Included in Sale03 Closing Costs Paid at Closing (J) $4,260.00 0304 04Adjustments 0505 0606 0707 08Adjustments for Items Paid by Seller in Advance Adjustments for Items Paid by Seller in Advance08 County PropertyTaxes 09 County PropertyTaxes09 City Property Taxes 10 City Property Taxes10 . 11 .11 . 12 .12 1313 1414 Assessment Credit to Seller 15 Assessment Credit to Seller15 16

L. Paid Already by or on Behalf of Borrower at Closing $322,400.44 N. Due from Seller at Closing $191,851.2901 Deposit 01 Excess Deposit02 Loan Amount $316,000 02 Closing Costs Paid at Closing (J) $27,135.5003 Existing Loan(s) Assumed or Taken Subject to 03 Existing Loan(s) Assumed or Taken Subject to04 04 Payoff of First Mortgage Loan to BMO Harris $108,214.3605 05 Payoff of Second Mortgage Loan to BMO Harris $50,100.99Other Credits 0606 0707 08Adjustments 0908 1009 1110 1211 13Adjustments for Items Unpaid by Seller Adjustments for Items Unpaid by Seller12 County PropertyTaxes 1/1/2018 thru 9/14/2018 $6,400.44 14 County PropertyTaxes 1/1/2018 thru 9/14/2018 $6,400.4413 City Property Taxes 15 City Property Taxes14 . 16 .15 . 17 .16 1817 19

CALCULATION CALCULATIONTotal Due from Borrower at Closing (K) $399,260.00 Total Due to Seller at Closing (M) $395,000.00Total Paid Already by or on Behalf of Borrower at Closing (L) -$322,400.44 Total Due from Seller at Closing (N) -$191,851.29Cash to Close ☒ From ☐To Borrower $76,859.56 Cash ☐ From ☒To Seller $203,148.71


Additional Information About This Loan

AssumptionIf you sell or transfer this property to another person, your lender

Demand FeatureYour loan

Late PaymentIf your payment is more than days late, your lender will charge a latefee of .

Negative Amortization (Increase in Loan Amount)Under your loan terms, you

Partial PaymentsYour lender

If this loan is sold, your new lender may have a different policy.

Security InterestYou are granting a security interest in456 Main StreetNaperville, IL 60500

You may lose this property if you do not make your payments orsatisfy other obligations for this loan.

Escrow AccountFor now, your loan

In the future,Your property costs may change and, as a result, your escrow paymentmay change. You may be able to cancel your escrow account, but ifyou do, you must pay your property costs directly. If you fail to payyour property taxes, your state or local government may (1) imposefines and penalties or (2) place a tax lien on this property. If you fail topay any of your property costs, your lender may (1) add the amountsto your loan balance, (2) add an escrow account to your loan, or (3)require you to pay for property insurance that the lender buys on yourbehalf, which likely would cost more and provide fewer benefits thanwhat you could buy on your own.


☐ are scheduled to make monthly payments that do not pay all ofthe interest due that month. As a result, your loan amount willincrease (negatively amortize), and your loan amount will likelybecome larger than your original loan amount. Increases in yourloan amount lower the equity you have in this property.

☐ may have monthly payments that do not pay all of the interestdue that month. If you do, your loan amount will increase(negatively amortize), and, as a result, your loan amount maybecome larger than your original loan amount. Increases in yourloan amount lower the equity you have in this property.

☒ do not have a negative amortization feature.

☐ may accept payments that are less than the full amount due(partial payments) and apply them to your loan.

☐ may hold them in a separate account until you pay the rest of thepayment, and then apply the full payment to your loan.

☒ does not accept any partial payments.

☐ will allow, under certain conditions, this person to assume thisloan on the original terms.

☒ will have an escrow account (also called an “impound” or “trust”account) to pay the property costs listed below. Without anescrow account, you would pay them directly, possibly in one ortwo large payments a year. Your lender may be liable forpenalties and interest for failing to make a payment.

Escrow

EscrowedProperty Costsover Year 1

$0.00 Estimated total amount over year 1 foryour escrowed property costs:

Non-EscrowedProperty Costsover Year 1

Estimated total amount over year 1 foryour non-escrowed property costs:

You may have other property costs.

Initial EscrowPayment

$0.00

Monthly EscrowPayment

$0.00

☐ will not have an escrow account because ☐ you declined it ☐your lender does not offer one. You must directly pay yourproperty costs, such as taxes and homeowner’s insurance.Contact your lender to ask if your loan can have an escrowaccount.

No Escrow

EstimatedProperty Costsover Year 1

Escrow Waiver Fee

☒ will not allow assumption of this loan on the original terms.

☐ has a demand feature, which permits your lender to require earlyrepayment of the loan. You should review your note for details.

☒ does not have a demand feature.

AppraisalIf the property was appraised for your loan, your lender is required togive you a copy at no additional cost at least 3 days before closing.If you have not yet received it, please contact you lender at theinformation listed below.

Contract DetailsSee your note and security instrument for information about

what happens if you fail to make your payments,· what is a default on the loan,· situations in which your lender can require early repayment of the· loan, andthe rules for making payments before they are due·

Liability after ForeclosureIf you lender forecloses on this property and the foreclosure does notcover the amount of unpaid balance on this loan,

RefinanceRefinancing this loan will depend on your future financial situation, theproperty value, and market conditions. You may not be able torefinance this loan.

Tax DeductionsIf you borrow more than this property is worth, the interest on the loanamount above this property’s fair market value is not deductible fromyour federal income taxes. You should consult a tax advisor for moreinformation.

Lender Settlement Agent

Name ABC Bank Citywide Title Corp.

Address 850 W. Jackson BLVD. Suite: 320Chicago, IL 60607

NMLSID

IL License ID

Contact

Contact NMLS ID

ContactIL License ID

Email [email protected]

Phone ( 312-492-8934

By signing, you are only confirming that you have received this form. You do not have to accept this loan because you have signed or received thisform.


☐ state law does not protect you from liability for the unpaid balance.

Finance Charge. The dollar amount the loan will costyou.

Amount Financed. The loan amount available afterpaying your upfront finance charge.

$316,000

Annual Percentage Rate (APR). Your costs over theloan term expressed as a rate. This is not yourinterest rate.

0%

Total Interest Percentage (TIP). The total amount ofinterest that you will pay over the loan term as apercentage of your loan amount.

0%

? Questions? If you have questions about the loanterms or costs on this form, use the contactinformation below. To get more information ormake a complaint, contact the Consumer FinancialProtection Bureau atwww.consumerfinance.gov/mortgage-closing

Peter Purchaser Date Paula Purchaser Date

Total of Payments. Total you will have paid afteryou make all payments of principal, interest,mortgage insurance, and loan costs, as scheduled

☒ state law may protect you from liability for the unpaid balance. Ifyou refinance or take on any additional debt on this property, youmay lose this protection and have to pay any debt remaining evenafter foreclosure. You may want to consult a lawyer for moreinformation.

http://www.consumerfinance.gov/mortgage-closing

File No: test 2


Page 1

Transaction Identification Data for reference only: Issuing Agent: Citywide Title Corp. Issuing Office: 850 W. Jackson BLVD. Suite: 320

Chicago, IL, 60607 Loan ID Number: 0320320489 Property Address: 456 Main Street Naperville, IL 60500


Issued by


SCHEDULE A 1. Commitment Date: July 13, 2018

2. Policy to be issued: (a) 2006 ALTA® Owner's Policy

Proposed Insured:

Peter Purchaser and Paula Purchaser

Proposed Policy Amount: $395,000.00

(b) 2006 ALTA® Loan Policy

Proposed Insured: ABC Bank

Proposed Policy Amount: $316,000.00 3. The estate or interest in the land described or referred to in this Commitment is Fee Simple.

4. Title to the Fee Simple estate or interest in the land is at the Effective Date vested in:

Oliver Owner and Olivia Owner, husband and wife, as tenants by the entirety

5. The land referred to in this Commitment is described as follows: SEE ATTACHED EXHIBIT "A"

File No: test 2


Page 2

EXHIBIT "A"

Lot 33 in Huntington Commons Unit No. 1, being a subdivision in the South 1/2 of Section 17, Township 38 North, Range 10, East of the Third Principal Meridian, according to the plat thereof recorded September 1, 1972 as document R72-52822, in DuPage County, Illinois.


Issued by


SCHEDULE B, PART I Requirements

All of the following Requirements must be met: 1. The Proposed Insured must notify the Company in writing of the name of any party not

referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions.

2. Pay the agreed amount for the estate or interest to be insured. 3. Pay the premiums, fees, and charges for the Policy to the Company. 4. Documents satisfactory to the Company that convey the Title or create the Mortgage to

be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Records.

SCHEDULE B, PART II Exceptions

THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR LIMITATION CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE EXTENT THAT THE SPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATES STATE OR FEDERAL LAW BASED ON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN. The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company:


Issued by


SCHEDULE B, PART II Exceptions (Continued)

1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the

first time in the Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on which all of the Schedule B, Part I-Requirements are met.

2. Rights or claims of parties in possession not shown by the public records. 3. Easements, or claims of easements, not shown by the public records. 4. Encroachments, overlaps, boundary line disputes, or other matters which would

be disclosed by an accurate survey and inspection of the premises. 5. Any lien, or right to a lien, for services, labor, or material heretofore and hereafter

furnished, imposed by law and not shown by the public records. 6. Taxes or special assessments which are not shown as existing liens by the public

records.

7. General Real Estate Taxes for the years 2018 and subsequent years.

Permanent index number: 08-17-406-028. NOTE: The first installment of the 2017 taxes in the amount of $4,328.63 is paid. NOTE: The taxes for the year 2018 are not yet due and payable.

8. Mortgage recorded November 8, 2012 as document number R2012-159512 made by

Oliver Owner and Olivia Owner to Harris NA, to Harris NA, to secure an indebtedness of $160,000.00.

9. Mortgage recorded January 7, 2016 as document number R2016-1512 made by Oliver

Owner and Olivia Owner to Harris NA, to secure an indebtedness of $165,000.00.

NOTE: This mortgage/trust deed is reflected as an equity Line loan. Prior to the final payoff, the Company requires a satisfactory written statement from the beneficiary that the account has been closed or frozen and, if applicable, satisfactory documentation from the borrower closing or freezing the amount and/or a satisfactory full release for review and for the recording concurrent with payoff.

10. The present marital/civil union status of all persons shown on Schedule "A" herein must

be disclosed in any subsequent deed of conveyance and/or any mortgage we are asked to insure, and their spouses, if any, must join in the execution of said instruments in order to release any homestead estate.

11. Building setback line of 30 feet (from the northwesterly lot line) as shown on the plat of

subdivision. 12. Easements for public utilities and drainage over, upon and under the southeasterly 10

feet, and northerly 5 feet of the land as shown on the plat of subdivision. 13. The standard exceptions 1 through 6 will be deleted from our policy if the insured land is

improved with 1-4 residential units upon review and acceptance of the following: a) an acceptable survey or affidavit in lieu of survey and; b) a properly executed ALTA extended coverage statement.

By Naperville municipal ordinance a transfer tax has been imposed upon the sale or conveyance of real property within the municipality. Therefore, all deeds presented to the Company for recording must have the appropriate Transfer Tax Stamps affixed thereto, or be marked "Exempt" by the municipality.

-final water bill must be paid

FOR INFORMATIONAL PURPOSES: The loan policy, when issued, will contain the following: ALTA 9 Endorsement EPA Endorsement Location Note Endorsement

CHAIN OF TITLE FOR INFORMATIONAL PURPOSES ONLY: Last deed of record to the estate or interest shown in Schedule 'A' was acquired by Quit Claim Deed in Trust deed dated July 12, 2004 and recorded as document number R2004-189547 from John Prior and Lisa Prior to Oliver Owner and Olivia Owner, husband and wife, as tenants by the entirety.

Attorney Agent

Settlement Agent Title Issuing Agent

Property Address: 456 Main Street, Naperville, IL 60500 File Number: Test 2

Seller(s): Oliver and Olivia Owner Purchase Price: 395,000

Buyer(s): Peter and Paula Purchaser Loan Amount: 316,000

Seller Total Buyer Total

3,010.50 4,260.00

Escrow/Settlement Fee to Citywide Title 1,525.00

1,700.00 Owner's Title Insurance to Attorney Agent

Loan Policy of Title Insurance to Attorney Agent 500.00

Loan Policy Endorsement(s) to Attorney Agent 350.00

Endorsement(s) description EPL, ALTA 9

475.00 Search Fee to Citywide Title

150.00 Update Fee to Citywide Title 150.00

Chain of Title Fee to Citywide Title 250.00

40.00 Wire Fee to Citywide Title 80.0050.00 CPL Fee to First American 50.00

3.00 DFI Policy Fee to State of Illinois 3.00Electronic Delivery Svc Fee to Citywide Title 75.00

to

Recording Fees (Deed) to DuPage County Recorder 40.00

Recording Fees (Mortgage) to DuPage County Recorder 52.00

Recording Fees (Other) to DuPage County Recorder

395.00 State Transfer Tax to State of Illinois

197.50 County Transfer Tax to DuPage County

City Transfer Tax to Naperville 1,185.00

CPLs, INVOICES, LENDER/LOAN AMOUNT CHANGES TO: [email protected]

INVOICE

TO SCHEDULE A CLOSING PLEASE CONTACT US [email protected]

OR

EMAIL FOR DOCUMENTS TO: [email protected] FOR FIGURES: 312-589-6353

Title/Settlement Charges

Sellers: Oliver and Olivia Owner

Buyers: Peter and Paula Purchaser

Property Address: 456 Main Street, Naperville 60500

Closing Date: 9/14/2018

Earnest Money Deposit: 4,000

Debits Credits

Purchase Price 395,000.00

1/1/2018 to 9/14/2018 County Property Taxes-Credit to Buyer 6,400.44

Owner's Title Insurance 1,700.00

Search Fee 475.00

Update Fee 150.00

Wire Fee 40.00

CPL Fee 50.00

DFI Policy Fee 3.00

Real Estate Commission to 11,850.00

Real Estate Commission to 11,850.00

State Transfer Tax 395.00

County Transfer Tax 197.50

Payoff 1st Mortgage 108,214.36

Payoff 2nd Mortgage 50,100.99

Survey Fee 425.00

Due To Seller 203,148.71

-------------------- --------------------

Totals 395,000.00 395,000.00

__________________________________________________

Seller

_________________________________________________

Seller

_________________________________________________

Buyer

_______________________________________________

Buyer

Seller Closing Statement