EXHIBIT 10.56
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A. U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
See HUD attachment(s) for '*' items
Final
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B. TYPE OF LOANS:
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1. FHA 2. FMHA 3. CONV. UNINS.
4. VA 5. CONV. INS.
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6. FILE NUMBER 7. LOAN NUMBER
97050264
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8. MTG INS CASE NO
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C. NOTE This form is furnished to give you a statement of actual costs.
Amounts paid to and by the settlement agent are shown.
Items marked "(p.o.c.)" were paid outside the closing: they are shown here
for informational purposes and are not included in the totals.
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D. NAME OF BORROWER: MEADOW VALLEY CONTRACTORS, INC.
ADDRESS: X.X. XXX 000, XXXXX, XX 00000
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E. NAME OF SELLER: WARM SPRINGS R.V. PARK, INC.
ADDRESS: TIN:
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F. NAME OF LENDER:
ADDRESS:
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G. PROPERTY LOCATION:
APN: 000-000-000, MOAPA, NEVADA
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H. SETTLEMENT AGENT: XXXXXXX TITLE OF NEVADA
ADDRESS: 0000 XXXXXX XXXXXX XXXX,
#000 XXX XXXXX, XX 00000 TIN:00-0000000
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I. PLACE OF SETTLEMENT: XXXXXXX TITLE OF NEVADA Closing date: 11/24/97
ADDRESS: 2950 STH. RAINBOW
#220 LAS VEGAS, N Proration date: 11/24/97
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J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION
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400. GROSS AMOUNT DUE FROM BORROWER: 400. GROSS AMOUNT DUE TO SELLER:
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401. Contract sales price 225,000.00 401. Contract sales price 225,000.00
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402. Personal property 402. Personal property
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403. Settlement charges to borrower(line 1400) 220.38 403.
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404. 404.
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405. 405.
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Adjustments for Items paid by seller in advance; Adjustments for Items paid by seller in advance;
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406. City/town taxes to 406. City/town taxes to
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407. County taxes 11/24/97 to 07/01/98 257.89 407. County taxes 11/24/97 to 07/01/98 257.89
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408. Assessments to 408. Assessments to
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409. 409.
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410. 410.
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411. 411.
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412. 412.
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420. GROSS AMOUNT DUE FROM BORROWER: 225,478.27 420. GROSS AMOUNT DUE TO SELLER: 225,257.89
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500. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN AMOUNT DUE TO SELLER:
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501. Deposit or xxxxxxx money 10,000.00 501. Excess deposit (see instructions)
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502. Principal amount of new loan(s) 502. Settlement charges to seller(line 1400) 18,896.55
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503. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to
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504. Add'l Deposit from Buyer 215,483.02 504. Payoff of first mortgage loan 187,897.72
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505. 505. Payoff of second mortgage loan
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506. 506.
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507. 507.
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508. 508.
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509. 509.
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Adjustment for Items unpaid by seller: Adjustment for Items unpaid by seller:
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510. City/town taxes to 510. City/town taxes to
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511. County taxes to 511. County taxes to
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512. Assessments to 512. Assessments to
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513. 513.
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514. 514.
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515. 515.
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516. 516.
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517. 517.
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518. 518.
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519. 519.
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520. TOTAL PAID BY/FOR BORROWER: 225,483.02 520. TOTAL REDUCTION AMOUNT DUE SELLER: 206,794.27
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600. CASH AT SETTLEMENT FROM/TO BORROWER: 600. CASH AT SETTLEMENT TO/FROM SELLER:
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601. Gross amount due from borrower(line 120) 225,478.27 601. Gross amount due to seller(line 420) 225,257.89
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602. Less amounts paid by/for borrower(line 220) 225,483.02 602. Less total reductions in amount due seller(line 520) 206,794.27
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603. CASH ( FROM) ( X TO) BORROWER: 4.75 603. CASH ( X TO) ( FROM) SELLER 18,463.62
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????? FORM 1099 SELLER STATEMENT - The information contained in Xxxxxx X,X,X,
and I and online 401 (or, if line 401 is asterisked lines 403 and 404) is
important tax information is being furnished to the Internal Revenue Service. If
you are required to file a return, a negligence penalty or other sanction will
be imposed on you if this item is required to be reported and the IRS determines
that it has not been reported.
????? INSTRUCTION - If this real estate was your principal residence, file Form
2119. Sale or Exchange of Principal residence, for any gain, with your income
tax return for other ?????, complete the applicable parts of Form 4797, Form
6252 and/or Schedule D (Form 1040).
????? are required by law to provide _______________________________ with your
correct taxpayer Identification number.
????? you do not provide __________________________________ with your correct
taxpayer Identification number, you may be subject to civil or criminal
penalties.
Per penalties of purgery I certify that the number shown on this statement is my
correct taxpayer identification number.
PAGE 2 OF OMB No. 2502-02
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File 97050264 See HUD attachment(s) for '*' items PAID FROM PAID FROM
Final L. SETTLEMENT CHARGES BORROWER'S SELLER'S
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FUNDS FUNDS
700. TOTAL SALES/BROKER'S COMMISSION Based on $ @ % AT SETTLEMENT AT SETTLEMENT
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Division of Commission (line 700) as follows:
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701. to
702. to
Commission paid at settlement
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704. to
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800. ITEMS PAYABLE IN CONNECTION WITH LOAN.
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801. Loan Origination fee %
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802. Loan Discount %
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803. Appraisal fee to
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804. Credit Report to
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805. Lender's Inspection fee to
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806. Mortgage Insurance application fee to
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807. Assumption Fee to
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808. to
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809. to
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810. to
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811. to
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812. to
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900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE.
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901. Interest from to @$ /day
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902. Mortgage Insurance premium for mo: to
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903. Hazard Insurance premium for yrs: to
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904. to
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905.
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1000. RESERVES DEPOSITED WITH LENDER
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1001. Hazard Insurance mo.@$ per mo.
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1002. Mortgage Insurance mo.@$ per mo.
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1003. City property taxes mo.@$ per mo.
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1004. County property taxes mo.@$ per mo.
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1005. Annual assessments (Maint.) mo.@$ per mo.
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1006. mo.@$ per mo.
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1007. mo.@$ per mo.
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1008. mo.@$ per mo.
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1100. TITLE CHARGES:
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1101. Settlement or closing fee to XXXXXXX TITLE OF NEVADA 212.38 212.38
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1102. Abstract of title search to
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1103. Title examination to
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1104. Title Insurance binder to
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1105. Document preparation to
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1106. Notary fee to
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1107. Attorney's fee to to
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(includes above items No.:
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1108. Title Insurance to XXXXXXX TITLE OF NEVADA 897.50
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(includes above items No.:
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1109. Lender's coverage $
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1110. Owner's coverage 225,000.00 $ 897.50
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1111. RECONVEYANCE FEE to XXXXXXX TITLE OF NEVADA 100.00
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1112. to
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1113. to
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1114. to
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1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
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1201. Recording fee: Deed $ 8.00 Mrtg $ Rel.$ 7.00 8.00 7.00
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1202. City/county tax/stamps; Deed $ Mrtg $
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1203. State tax/stamps; Deed $ 562.50 Mrtg $ 562.50
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1204. to
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1205. to
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1206. to
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1300. ADDITIONAL SETTLEMENT CHARGES
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1301. Survey to
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1302. Pest Inspection to
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1303. to
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1304. to
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1305. See HUD attachment to * 17,117.17
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1400. TOTAL SETTLEMENT CHARGES (entered on lines 103, Section I and 502, Section k) 220.38 18,896.55
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CERTIFICATION
I have carefully reviewed the HUD-1 Settlement Statement and to the best of my
knowledge and belief, it is a true and accurate statement of all receipts and
disbursements made on my account or by me in this transaction. I further certify
that I have received a copy of XXX-0 Xxxxxxxxxx Xxxxxxxxx.
_______________________________ _______________________________
_______________________________ _______________________________
Borrowers Sellers
The HUD-1 Settlement, Statement which I have prepared is a true and accurate
account of this transaction. I have caused or will cause the funds to be
disbursed in accordance with this statement.
_______________________________ _______________________________
Settlement Agent Date
WARNING: It is a crime to knowingly make false statements to the United States
on this or any other similar form Penalties
HUD-2 Settlement Statement Attachment, Page 1
File number.....: 97050264
Buyer(s)........: MEADOW VALLEY CONTRACTORS, INC.
Seller(s).......: WARM SPRINGS R.V. PARK, INC.
Lender..........: Loan Number:
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Continued From HUD Form Page 2
Borrower's Adjustments Seller's Adjustments
-1305- -1305-
XXXXXXX AND XXXXX XXXXXXXX
to XXXXXXX XXXXXXXX AND 5,000.00
DELINQUENT TAXES
to XXXXX COUNTY TREASURER 2,177.17
EARLY RELEASE OF FUNDS
to XXXXXX XXXXXXXXX 10,000.00
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Total for HUD line 1305: 17,117.17
GRANT, BARGAIN SALE DEED
Affix RPTT $ 562.50
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FOR VALUABLE CONSIDERATION the receipt of which is hereby acknowledged
WARM SPRINGS R.V.PARK, INC., a NEVADA CORPORATION
do(es) hereby Grant, Bargain, Sell and convey to MEADOW VALLEY CONTRACTORS,
INC., a Nevada corporation
all that real property situate in the _____________________ County of XXXXX
State of Nevada, bounded and described as follows:
"FOR FULL LEGAL DESCRIPTION, SEE EXHIBIT "A" ATTACHED HERETO AND BY REFERENCE
MADE A PART HEREOF"
A.P.N-: 000-000-000
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SUBJECT TO: 1. Taxes for fiscal year 1997 - 1998.
2. Reservations, restrictions and conditions if any; rights of way
and easements either of record or actually existing on said
premises.
Together with all and singular the tenements, hereditaments and appurtenances
thereto belonging in otherwise appertaining.
DATED: November 05,1997
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WARM SPRING R.V. PARK, INC.
/s/ Xxxxxx Xxxxxxxxx
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BY: XXXXXX XXXXXXXXX, PRESIDENT
________________________________ _____________________________
________________________________ _____________________________
STATE OF NEVADA
COUNTY OF Xxxxx } "
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On November 12, 1997
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before me, the undersigned, ESCROW NO.
a Notary Public in and for ORDER NO. } 97050264
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said County and State,
personally appeared
BY: Xxxxxx Xxxxxxxxx WHEN RECORDED MAIL TO: Meadow Valley Con-
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tractors, Inc., X.X. Xxx 000, Xxxxx, XX
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89025
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_________________________________________
______________________________
known to me to be the person(s)
described in and who executed the
foregoing instrument, who acknow-
ledged to me that he executed the
same freely and voluntarily and
for the uses and purposes
therein mentioned.
WITNESS my hand and official seal.
SIGNATURE ILLEGIBLE
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[STAMP APPEARS HERE]
EXHIBIT "A"
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PARCEL I:
That portion of the Northwest Quarter (NW 1/4) of said Section 2, lying
Southerly and Westerly of U.S. Highway No. 93, and Northerly and Westerly of the
Muddy River.
EXCEPTING THEREFROM all that portion of said land lying Northerly of Riverview
Road, as conveyed to Xxxxx County by Deed recorded March 16, 1978 as Document
No. 819125.
PARCEL II:
That portion of the North Half (N 1/2) of the Southwest Quarter (SW 1/4) of said
Section 2, lying Northerly of the Los Angeles and Salt Lake Railroad right of
way, and Westerly of the Muddy River.
EXCEPTING THEREFROM all state, County and Federal road and highways from both
Parcels 1 and 2.
[STAMP]