R96-158 AUTHORIZING FINAL CONVEYANCE OF HOMESTEAD PROPERTY

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Fit�ance Schedule Instructions: The Real Estate Transfer Tax Law(35 ILCS 200/31-25)requires information regarding the financing of the 7�YPE 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 filled 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. Information 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 tronsfer. calculated. If not applicable mark with an V Indicate if this loan has a FIXED interest rate C. Purchase Money Mortgage to Seller' asterisk and explain repayment schedule in Box by entering F in the column,adjustable rate 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►emaining 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" ] III If applicable,length of time until mortgage loan Enter points paid by the seller` only. must be paid off or renegotiated,or time until gax J may be used to show more information G. Assumption of existing lst Mtg. balloon payment is due. regarding financing if necessary. H. Pssumption of existing 2nd Mtg. I. Other Financing[specify type•' ] SPECIAL NOTE:If your financing involves other than equal monthly payments you must ex- plain in Box J on Page 3. *' Specify type: e.g.. B/end, Conventional, Seller' Financed. �fVFHA insured,etc. PARTIAL INTEREST (Comp/ete if applicable.) 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: Lot 3 in Block 1 of Simpson' s 2nd Addition to the City of Decatur, as per Plat recorded in Book 149 Page 448 of the Records in the Recorder' s Office of biacon County, Illinois. Situated in Macon County, Illinois. Yes No NOTE: If a mobile home is included in the sale price, is the va/ue of fhe mobile home being deducted as personal properly 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 PTAX•203(R-4I94)