R97-80 AUTHORIZING FINAL CONVEYANCE OF HOMESTEAD PROPERTY

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Finance Schedule Instructions: .The Real Estate Transfer Tax Law(35 ILCS 200/31-25)requires information regarding the financing of the NPE OF FINANCING: Enter cash downpayment on line A. ' purchase price of this property. Account for financing the remainder of the purchase price on lines C Lines A and C through i of the Finance Schedule must be filied out by the buyer'or buyer's' represen- through I.(If lines A through I do not add up to full consideration shown tative to account for financing of the purchase.Columns I through VI must be completed for each loan on Page 1 of declaration,explain in Box J.) involved. IMormation required in each column: A. Enter Cash Downpayment I Principal of loan; for an assumed mortgage IV Nominal interest rate as stated in loan docu- (include earnest money) -S show principal being assumed. ment.If Prime Rate is used,state rate used at g Enter remainder of Purchase Price on lines C through I: II Length of time on which monthly payments were time of transft�r. calculated. If not applicable mark with an V Indicate if this loan has a FIXED interest rate C. Purchase Money Mort a e to Seller• asterisk and explain repayment schedule in Box by entering F in the column,adjustable rete by D. New lst Mtg.(specify type" ] J on Page 3.For an assumed mortgage show entering A,or renegotiable by entering R in the years remaiMng from time of sale until loan is column. E. New 2nd Mtg.[specify type" ] fully amortized(paid). VI Show the number of points and dollars paid. F. New 3rd Mtg.[specify type" ] 111 If applicable,length of time until mortgage loan Enter points paid by the seller'only. must be paid off or renegotiated,or time until gox J may be used to show more information G. Assumption of existing lst Mtg. balloon payment is due. regarding financing if necessary. H. Assumption of existing 2nd AAtg. I. Other Financing[specify type" ) SPECIAL NOTE:If ynur financing involves other than equal monthly payments y�nu must ex- plain in Box J on P2ge 3. " Specify type: e.g., Blend, Conventional, Seller• Financed, �A/FHA insured,etc. PARTIAL INTEREST (Comp/ete if applicab/e.) If less than a.full interest in the real estate is being transferred, state the part being transferred: LEGAL DESCRIPTION Section Township Range Enter complete legal description in this area: Legal Description: Lot Six (6) in Block Two (2) of Nelson Park Addition of Outlots to the City of Decatur, as per Plat recorded in Book 300, Page 78 of the records in the Recorder's Office of Macon County, Illinois. Yes No NOTE: If a mabile home is included in the sale price, is the value of the mobile home being deducted as personal property on page 1? ❑ ❑ BENEFICIAL INTEREST OF LAND TRUST (Complete if applicable.) If this transaction is the transfer of a beneficial interest of a land trust, check this box: � Page 2 of 4 FTAX•203(R-4/94)