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<br />~~p 04 01 03:50p <br /> <br />Mal"'~ Ha~es <br /> <br />(24SIS43-3110 <br /> <br />p.5 <br /> <br />'"" VI" oJ, oa <br />~. <br /> <br />I"_A VA.": <br /> <br />'..!..::!',o <br /> <br />~...o.c: <br /> <br />-A&!"'",V ;;" LU~ <br /> <br />....t:.l....J.J:..K-:;:~ <br /> <br />leJ UU4 <br /> <br />..-'- <br /> <br />First Anzerican Title Insurance Company <br /> <br />/900 Midwest Plaza West, 801 Nicollet Mall. Minneapolis. MN 5,$-(02 <br />(612)-~05-2000 FAX (612) 305-2001 <br /> <br />800~88-6325 <br /> <br />CLOSING STATEl\1EN:I' <br /> <br />purchase Price: $3.140.000.00 <br /> <br />Date: <br /> <br />October 14. 1999. <br /> <br />Buyer: <br /> <br />KMART Corporation <br /> <br />File No. <br /> <br />59-4238C <br /> <br />Seller: <br /> <br />Kenneth e. Kari <br /> <br />Draft #2 1"or Closing 10/14/99 <br /> <br />AddressILegal: Part or McFarland Thll"d Addition. Lyon County, Minnesota (M..~hall, MN) <br /> <br />SUMMARY OF BUYER'S TRANSACTION SUMMARY OF SELLER'S TRANSACTION <br />GROSS AMOUNT DUE FROM BUYER GROSS AMOUNT DUE TO SELLER <br />Purchase Price S 3740,000.00 PtJrch:oase Price $ 3.740.000.00 <br />Recordina Asslanment D/A $ SO.OO <br />Reccrdina- Fees r1 d....dl $ 60.00 <br />112 State Deed Tax $ 6,171.00 <br />1/2 Closina FEte $ 350.00 <br />Endorsemenls $ 250.00 <br />Pro-rated Real Estate Taxes $ 3.129.36 Pro-rated real estate taxes :Ii 3,129.36 <br />Ao~ed Vaon Percentao8 Rent Aareed Uaon Precentaae Rent <br />Throuoh CI051n;;7$0.00 $ - Throuoh Closlno ($0.00\ $ - <br />CAM ehBraee $ 7,846.11 CAM Charae5 $ 7.846.11 <br />GROSS~OUNTOuEFROMeUveR $ 3,757.846.47 GROSS AMOUI'lT DUE TO SELLER $ 3.750.975.47 <br /> <br />AMOUNTS PAID BY OR ON BEHAl.F OF BUYER <br />Earnest Monev $ <br />Interest on Earnesl Monev <br />- (to be nald outside c1oslna) <br /> <br />REDUCTIONS IN AMOUNT DUE SELLER <br /> <br />33.333.33 <br /> <br />$ <br /> <br />Premium (OWner's PollcvT <br />Commitments (Search/Exam! <br />OvemiQhtJdocument ooDles <br />Fashion Sua CAM for October <br />Fashion Bu~ October Tlitxes <br />Security 060051ts (none} <br />1/2 Stete Oeed Tax <br />.1/2 Closlna <br />Record (5 sats 1 deed. 1 assume) <br />Rent FIfo-rations <br />Loan Pav-off to Crosstown Asset <br />Com II (net Droceeds) <br />Loan Pay-off to protective Life <br /> <br />52.7SS.93 TOTAL REOUCTlON AMOUNT DUE SELLlOR <br /> <br />160.34 <br />725.65 <br /> <br />$ 4.114.00 <br />$ 2.000.00 <br />S 160.34 <br />$ 725.65 <br />$ 6.171.00 <br />$ 350.00 <br />:Ii 300.00 <br />sa 18,569.61 <br />S 817.312.80 <br />$ 2.901.272.07 <br />$ 3.750.975.47 <br />$ 00..00 <br /> <br />Fashion Bua CAM for Oct. <br />I=ashion Bue October taxes <br />Securltv Oeoaslts (nonel <br /> <br />$ <br />$ <br /> <br />Rent Pro-rations <br /> <br />18.569.61 <br /> <br />TOTAl. P....IO 8VIFOR BUVe:R. <br /> <br />$ <br /> <br />CASH FROM BUYER <br /> <br />$ <br /> <br />3,705,057.54 CASH TO SEI.L.ER <br /> <br />We authorize and ratify the disbursements herein <br /> <br />:yUY.~ ;;t=~ <br />,.. ./1..1'&,,(..(. ~7 <br /> <br />Selle.. Kennetl'l B. Kart and Mindy B. Karl <br /> <br />By: <br />Ker'lneth B. Karl <br /> <br />Mindy B. Kart <br /> <br />10/13/99 WED 17:39 (TX/RX NO 99741 <br />