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R96-70 AUTHORIZING FINAL CONVEYANCE OF HOMESTEAD PROPERTY
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R96-70 AUTHORIZING FINAL CONVEYANCE OF HOMESTEAD PROPERTY
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7/5/2016 2:16:02 PM
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7/5/2016 2:16:02 PM
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Resolution/Ordinance
Res Ord Num
R96-70
Res Ord Title
AUTHORIZING FINAL CONVEYANCE OF HOMESTEAD PROPERTY
Approved Date
6/17/1996
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Finance Schedule Instructions: <br /> � 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. <br /> purchase price of this property. Account for financing the remainder of the purchase price on lines C <br /> 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 nd add up to full consideration shown <br /> 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.) <br /> involved. <br /> IrMamation rcquired in each column: A. Enter Cash Downpayment <br /> I Principal of loan; for an assumed mortgage IV Nominal interest rate as stated in loan dceu- (include earnest money) -S <br /> show principal being assumed. ment.If Prime Rate is used,state rate used at � Enter remainder of PurChase Price on Lines C through I: <br /> II length of time on which monthly payments were time of transfer. <br /> calculated. If not applicable mark with an V Indicate if this loan has a FIXED interest rate C. Purchase Money Mort e to Seller' <br /> asterisk and exptain repayment schedufe in Box by entering f in the column,adjustable rate by D. New ist Mtg.[specity pe•• l <br /> J on Page 3.Fa an assumed martgage show entering A,or renegotiable by entering R in the � <br /> years remaining from time ot sak until loan is column. E. New 2nd Mt .[spetify type•' <br /> full�amortiud(paid). VI Show the number of points and dollars paid. � <br /> III If applicable,Iength of time until mortgage loan Enter points paid by the seller'only. F. New 3rd Mtg.[specify type•• <br /> must be paid off or renegotiated,or time until gox J may be used to show more information G. Assumption of existing ist M[g, <br /> balloon payment is due. �garoing financing if necessary. H. 0.5sumption of existing 2nd Mtg. <br /> SPECIAL NOTE.•If I. Other Financing(specity type" � <br /> ynur financing inwlves other than equal monthly paymenis ynu must ex- <br /> plain in Box J on Page 3. " Specify type: e.g., Blend, Con�ntional, Seller` Financed, <br /> 1/A/FHA insured, etc. <br /> PARTIAL INTEREST (Comp/ete if applicatrle.) <br /> If less than a full interest in the real estate is being transferred, state the part being transferred: <br /> LEGAL DESCRIPTION <br /> Section Township Range <br /> Enter complete legal description in this area: <br /> A part of Lot Fifteen (15) in the East � of the Southwest � of <br /> Section Fourteen (14) , Township Sixteen (16) North, Range Two <br /> (2) East of the 3rd P.M. , as per Plat recorded in Book 22, <br /> Page 116 of the Records in the Recorder's Office of Macon <br /> County, more particularly described as follows: Beginning 435 <br /> feet South of the Northwest Corner of said Lot 15; thence East <br />� 200 feet ; thence South 50 feet ; thence West 200 feet ; thence <br />, North 50 feet along the East line of Webster Street to the point <br /> of beginning. Situated in Macon County, Illinois. <br /> Yes No <br /> NOTE: If a mobile home is included in the sale price, is the value of the mobile home being deducfed as personal property on page 1? ❑ � �� <br /> BENEFICIAL INTEREST OF LAND TRUST (Complete if applicab/e.) !, <br /> If this transaction is the transfer ot a beneficial interest of a land trust, check this box: ❑ <br /> Page2of4 <br /> PTAX-203(R-4194) <br />
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