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<br />Sep 04 01 03:50p <br /> <br />Ma,.~ Ha~es <br /> <br />(248)643-3110 <br /> <br />p.? <br /> <br />j.UJI .J....',,~ "L:.U.LU:,J~ t"A.A., U..l.~ ..) lO bJ.'J~ <br /> <br />n.~Nn.U ::> 11'::> ",C;N.U:..~ <br /> <br />IllJ tlU~ <br /> <br />First AmericahTitle Insurance Company <br /> <br />J 900 Midwest Plaza Wut. 80 J Nicollel kfall. Minneapolis. MN S S402 <br />(612)-305-2000 FAX (612) 305-2001 <br /> <br />800-688-6325 <br /> <br />CLOSING STATEMENT <br /> <br />Purchase Price:: S3.5M.OOO.OO <br /> <br />Date: <br /> <br />October 14.1999. <br /> <br />Buyer: <br /> <br />KMART Corporation <br /> <br />File No. <br /> <br />59,.,4237C. <br /> <br />Seller: <br /> <br />Kenneth B. Kart <br /> <br />.Draft #2 of clos '0/12/00-4:30 p.m. <br /> <br />AddresslLegal: West Hills Second AddlUona and West HIlIli3rd Addition. Brown County. MN (New Uim. Minnesota) <br /> <br />SUM MARY OF' BUYER'S TRANSACTION <br />GROSS AMOUNT DUe FROM BUYER <br />Pur<::/'lase Price $ <br />Recordil"lo Assianment O/A S <br />A.ecordino Deed. S <br />1/2 State bead Tax $ <br />,/2 Clbsina Fee :5 <br />Endorsements $ <br />Survev {Bock. & Clark\ $ <br />Real Estate Tax Pro-nation $ <br />Assessments (Oltv of New Ulml $ <br />CAM Charaes $ <br />Aareed UDQn Percental"le Rent $ <br />Throual'l CIDslno <br /> <br />3.564.000.00 <br />50.00 <br />.50.00 <br />5.880.60 <br />350.00 <br />250.00 <br />5 !;l90.00 <br />4123.08 Rearestate Tax Dro~ratlon <br />2.5.s5~47': .. <br />10.961.71 CAM Charoes <br />5.480.00 AnreedUl'ion Pen::entane R.nt <br />., ThrDuah eloslno <br /> <br />SUMMARY OF seLLER'S TRANSACTION <br />GROSS AMOUNT oLJe TO SELLER <br />Purehase Price <br /> <br />s <br /> <br />3.564 000.00 . <br /> <br />$ <br /> <br />4,123.08 <br /> <br />10.961.71 <br />5 480.00 <br /> <br />s <br />S <br /> <br />.,,"... .'.,. .. ...:.:..... <br /> <br />,. , . <br /> <br />,,/.""1 <br /> <br />. '. ." <br /> <br />GROSS AMOUNT Due: FROM BUYeR <br /> <br />$ . 3.599.690.86 GROSS AMOUNT DUE TO SELLER. <br /> <br />$ <br /> <br />3;58....S64~79 <br /> <br />AMOUNTS PAID BY OR ON BEHAl.F OF BUYER REDUCTIONS IN AMOUNT DUE SELLER <br />Eamest Monev $ 33.333.34 1/2 Closlno Fee $ 350.00 <br />Interest on Earnest Monev Premium (Owner's Pollcv\ $ 3.920.40 <br />(to be oaid outside of Closing) Commitments (Search/Examl <br /> OvemlahVdooument ooole= 1 $ 2.100.00 <br />Axlos Security DeDoslt $ 601.67 Axlos Sec::urltv Denoslt $ 601.67 <br /> 1/2 State O_d Tex $ 5 880.60 <br />Assessments (99019\ 12.52% $ 215.00 Assessments (99019) 12.52% $ 215.00 <br />Assessmenls(99020l S 838.20 A$sessmenw{99020 $ 838.20 <br />Eaert's Secur/tv Decosit $ 1.500.00 EQert's Securltv DeDosll S , .500.00 <br />Axjos related CAM for October $ 100.00 Axlos related CAM for October S 100.00 <br /> Record (5 sats and 1 deed & 1 assume' $ 300.00 <br />Ax/os related Oct. 'axes $ 196.50 Axios related Oct. taxes S , 96.50 <br />Rent Pro-rations $ 16.581.29 Rent Pro-rations s 16.581.29 <br /> Loan Pav-off to Crosstown Asset $ 457.290.87 <br /> COlD. " (nef Droceeds\ <br /> Loan Pav-off to Protective Life ~ 3.094 690.26 <br />TOTAL PAlO eVIFOR BUYE~ $ 53.366.00 TOTAL REQUCTlO", AMOU,,", DUI! Slii!.LER S 3.584,5$4,79 <br /> <br />CASH FROM BUYER <br /> <br />$ 3.546,324.86 CASH TO SELLER <br /> <br />$ <br /> <br />00 - 00 <br /> <br />We authorize and ratify the disbursements herein <br /> <br />Buyer KMART Corporation <br /> <br /> <br /> <br />:~ L~~~ <br /> <br />Seller Kenneth B. Kart and Mindy S. Karl <br /> <br />By: <br />Kenneth B. Karl <br /> <br />Mindy S. Kart <br /> <br />'n""'"'' "'PT> 17,'" I-rY/U" NO !H17~1 <br />