§4- D633 PC STATE OF FLORIDA . DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. FLORIDA REAL ESTATE COMMISSION : “ Ss FLORIDA DEPARTMENT OF BUSINESS Leet aos AND PROFESSIONAL REGULATION, US i DIVISION OF REAL ESTATE, Petitioner, v. DBPR Case NO. 2008015196 DERRICK OROSA, Respondent. / ADMINISTRATIVE COMPLAINT State of Florida, Department of Business and Professional Regulation, Division of Real Estate (“Petitioner”) files this Administrative Complaint against Derrick Orosa (“Respondent”) and alleges: . . ESSENTIAL ALLEGATIONS OF MATERIAL FACT 1. Petitioner is a state government licensing and regulatory agency charged with the responsibility and duty to prosecute Administrative Complaints pursuant to the laws of the State of Florida, in particular Section 20.165 and Chapters 120, 455 and 475, of the Florida Statutes and the rules promulgated pursuant thereto. 2. Respondent is and was at all times material hereto a licensed Florida real estate sales associate, issued license number H:\ac\orosa.ac.doc FDBPR v. Derrick Orosa Case No. 2008015196 Administrative Complaint 3088374 in accordance with Chapter 475 of the Florida Statutes. 3. The last license issued was as an active sales associate with The Olbe Group Inc., 3825 S. Lejeune Road, Coconut Grove, Florida 33146. 4. At all times material, from July 6, 2004 until April 9, 2007 Respondent was registered with EAG Realty Inc., a licensed real. estate brokerage in the state of Florida. 5. On or about February 2, 2006, Thomas A. Knigge Jr. (Buyer) entered into a sales and purchase contract with Miguel Batista and Alfonsa Susana Hevia (Seller) for property located at 1250 S. Miami Avenue, Unit 2304, Miami FL 33130 (Subject Property) for $537,600. A copy of the contract is attached hereto and incorporated herein as Administrative Complaint Exhibit 1. 6. On or about April 12, 2006, Respondent entered into an assignment of contract with Buyer, for Respondent to purchase the Subject Property. A copy of the assignment is attached hereto and incorporated herein as Administrative Complaint Exhibit 2. 7. Respondent knew or should have known that the Subject Property was listed for $534,990. A copy of the listing is attached hereto and incorporated herein as Administrative Complaint Exhibit 3. 8. Respondent reported in the multilisting service that on January 23, 2006 the Subject Property sold for $537,500. H:\ac\orosa.ac.doc 2 FDBPR v. Derrick Orosa Case No. 2008015196 Administrative Complaint 9. On or about April 12, 2006 Respondent purchased the Subject Property for $680,000. A copy of the settlement statement is attached hereto and incorporated herein as Administrative Complaint Exhibit 4. 10. Respondent paid an assignment fee for $127,395 to Buyer Knigge for Respondent purchasing the Subject Property for $680,000. 11. Respondent concealed and failed to disclose the existence of an assignment to the entity financing the purchase of the Subject Property. 12. Respondent concealed and failed to disclose the assignment fee paid to Buyer to the entity financing the purchase of the Subject Property. “13. Respondent misrepresented to the entity financing the purchase of the Subject Property that said property would be his primary residence, when Respondent never had any intention of residing in Subject Property. A copy of the loan application is attached hereto and incorporated herein as Administrative Complaint Exhibit 5. 4. Respondent misrepresented to the entity financing the purchase of the Subject Property that his length of employment with EAG Realty as a sales associate was 27 months, when the actual length of employment was roughly 21 months. “15. Respondent made these misrepresentations to the entity H:\ac\orosa.ac.doc 3 FDBPR v. Derrick Orosa Case No. 2008015196 Administrative Complaint financing the purchase of the Subject Property in order to have the entity approve his loan. 16. The entity financing the purchase of the Subject Property relied on these misrepresentations in approving the loan. 17. The entity financing the purchase of the Subject Property suffered damages as a result of relying on these misrepresentations. COUNT ONE Based upon the foregoing, Respondent is guilty of fraud, misrepresentation, concealment, false promises, false pretenses, dishonest dealing by trick, scheme or device, culpable negligence, or breach of trust in any business transaction in violation of Section 475.25(1)(b), Florida Statutes. WHEREFORE, Petitioner respectfully requests the Florida Real Estate Commission, or the Department of Business and Professional Regulation, as may be appropriate, to issue a Final Order as final agency action finding the Respondent(s) guilty as charged. The penalties which may be imposed for violation(s) of Chapter 475 of the Florida Statutes, depending upon the severity of the offense(s), include: revocation of the license or registration or permit; suspension of the license, registration or permit for a H:\ac\orosa.ac.doc 4 FDBPR v. Derrick Orosa Case No. 2008015196 Administrative Complaint period not to exceed ten (10) years, imposition of an administrative fine of up to $5,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant or permittee to complete and pass additional real estate education courses; publication; or any combination of the foregoing which may apply. See Section 475.25(1), Florida Statutes and Florida Administrative Code Rule 6132-24.001. The penalties which may be imposed for violation(s) of Chapter 455 of the Florida Statutes, depending upon the severity of the offense(s), include: revocation of the license, registration, or permit; suspension of the license, registration, or permit for a period not to exceed ten (10) years; imposition of an administrative fine of up to $5,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant, or permittee to complete and pass additional real estate education courses; publication; restriction of practice; injunctive or mandamus relief; imposition of a cease and desist notice; or any combination of the foregoing which may apply. See Section 455.227, Florida Statutes and Florida Administrative Code Rule 6132-24.001. H:\ac\orosa.ac.doc 5 FDBPR v. Derrick Orosa Case No. 2008015196 Administrative Complaint Signed this | day of ms J ifer Leigh Blakeman enior Attorney Florida Bar No. 506877 Division of Real Estate Department of Business and Professional Regulation, Legal Section - Suite N 801 Hurston Bldg. North Tower 400 West Robinson Street Orlando, Florida 32801-1757 (407) 481-5632 (407) 317-7260 FAX /k PCP: RF/JDR 5/09 H:\ac\orosa.ac.doc 6 FDBPR v. Derrick Orosa Administrative Complaint NOTICE TO RESPONDENTS PLEASE BE ADVISED that mediation under section 13 698 of the Florida Statutes, is not available for administrative tos oonees involving this type of agency action. PLEASE BE FURTHER ADVISED that pursuant to this Administrative Complaint you may request, within the time allowed by law, a hearing to be conducted in this matter in accordance with Sections 120.569 and 120.57 of the Florida Statutes; that you have the right, at your option and expense, to be represented by counsel or other qualified representative in this matter; and that you have the right, at your option and expense, to take testimony, to call and cross-examine witnesses, and to have subpoena and subpoena _ duces tecum issued on your behalf if a formal hearing is requested. PLEASE BE FURTHER ADVISED that if you do not file an Election of Rights form or some other responsive pleading with the Petitioner within Event one (21) days of receipt of this entry of an appropriate Final Order which may result in the suspension or revocation of ‘your real estate license or registration. Please see the enclosed Explanation of Rights and Election of Rights form. H:\ac\orosa.ac.doc 7 FROM: - FAK NO. :954%840728 Feb. @1 20086 @5:35PM P2 02/01 '06 03:08 No.562. 02/10 7 4) SALEANDPURCHASE:____ MIGUEL BAUTISTA ANC: ALFONS. (Sather ‘ahd ne _THOMAS A: KNIGGE JF; PA, Al SIGNS (Buyer) ay On the tarma and conditions speoiied slow the properly descrved ax: : . MANE AVE MIAMI PL aaa UNIT 2304 aii _ : County: MIAMI-DADE w pol Desc VUE AT BRICKELL UNIT2304_ " { : ° : : TRING, 5 _ tagather with fell Improvements and attached hems, inoludir y #hctures, bullt-in fumishings, bult-In appliances, a A Si arti galling. fans, light fixtures, fittached wall-to-wall carpeting, rods, Graperies and other window coverings, The only other items Included 40° ir the purchage ere: a : a ee Ww ie . we j y he folowing ached! ins 61% axoliced from the purchaua: - . nn - 18 The reel and flersonel property deaorbad shove ae Included trrthe purchese |é referrad to as the “Property.” Pe sonal property 16 “listed In'this Cantvact is Inoludad in the purchase priga, has no Gontrlbutory value arid is baing left for Seller's convenience. wd ; 0) PRIOR ANEYPINANGING: 00 : 1 gl PURCHASE PRICE: 8, 637,600.06. pays by Buyer in U.S: cunenoy es fokows: ; we Tas 20,000.00 Depgalt recal ai (ohaoke era subject to clearance) aay — hy | es f Yow : : ee gw | Seder) for TORRES. AND VADILLO LLP. (Escrow Agent") ver) fo) a : ‘Additional deposi to be delvered to Eagraw agent rr ee! werner | aay OF atlas from Effective Date (10 daya ifleft blanig. rok oe Le. 80% "Tote nanbing (doe Peraararin 2 below {express as a doller eriount or percertage) wr Ne - Other : - : . a ||@1$... 817,000.00 Balance to dose (nat inckuding Buyer's cloang costs, prenelers and prorelicns).Aifunds. | ay ioe -Pald at closing must be pald by locally drawn cashier's check, official bank chack wired furiis, OU FINANGCING: (Cheol as applicable) = ae /101(@) Buyarwit pay Geh for tha Property with no finanoing acintinganiay. Se 181) Buyad wil apply for the finencing epaottiad in Pi or: Buyer's Grititworthiness (the *Finanaing”) within ‘meses & | with @ writin Finenelng oommitment or approval letter (' Bi | left blank) (Commitment Period”), Buyer will keep Seiler ™ .|;and Comrmfiment Issues and authorizes the lender and. 8 | Broker, Onna Buyer providay the Commitment to Galan, as | retain the Geposits the transaction does not close by 37.” | puronase phos ena other the parties cannot agree ona n 8 "| prowsion afthls Contract requires the oposite td ba ‘retu POornenitment within the Commitment Pariad; thls Contract Insurange suspension |3 lifted. If thi yer. will imnediataly raturn all Sollereprovided title evidence, survey: ae Ehuyer ten) and Sel , Gl sri meno of copy ots Page hich Paget of Page, 42 ARIA Rew 10/04 “@ g004 “Florida Asnal OF Of REALTORS®... All Fligitta Resarved _ . : ADMINISTRATIVE COMPLAINT a EXHIBIT #. f : PAGE | or ers FROM Galler to pnivide FAX NO. :9541840720 , Feb. @1 2086 G5:36PM.’ P3 02/01--'06 03:08 NO.562 "03/10 CLOBING PROCEDURE: COBTE: Closing wit aka place nthe oounty whara the Property ia located and may be conductact mall or glaptronio means. If tte ineurance Insuras Buyer tor titie Gefects arising between the thle binder effective date. and Buyer wil pay taxes snd teconding fees on noles and Mortgages; recording fees on the deed and .., financing stybements; oan expenses; lendar's tia policy; Ineractions: survey; tlaod Inguranoe; home warranty pin; Hente and insurenee: Ghack (I) or (ak © (4) The title eviderias wil be & Paragraph 10(@}{1) owner's tite Insurance commitment 88 tile evidence, © Beller Buyer: Wil select the title agent. O Sellar Q Buyer will pay for the owners ttle Holey, search, examination and mlated charges, additional cash at clasing if Seller's 6 “foreign person! ea defined by federal law, () Tax Witfrolding: Buyor end Seller whl comply-with the Forelgn Invaetrient ini Pal Property Tex Ao, which may requ “PROPERTY CONDITION 6 INSPECTION PERIDDS: Buyer wit compito sry end al inspections of the Fi repay by ayp from Btfeotive Date i lef bienk) Cinepeation Peod":.the wallethrough Inepection on the day sefore Closing te OF any othe “agra oe eable to tiva patties: and the gurvey “aferencad iy Paregrapn'10(6) by cetera! Gt least 5 4 left blank). : . 7} REAL PRO DISCLOSURE; Galler represents that Seller dues not know of sny facts that materially effect the velue of 8 Property, Not limited to violatlons of governmental laws, rues and regulations, other then those that Buyer Okn teadllly o are known by or have been disclosed to Buyer. : at (a) Energy} ey: Buyer acknowledges raceipt of the energy-pificiengy: information brochure required by Saotion 569.896, F Tes so : (b) Radon ‘Quantities, been found tn buildings in Flore, Aciitional Information regarding radon end radon testing may be. ~ Obtained frhm.your oaynty public health unit. Buyer may, within the Inapeation Parlod, have an Bppropriately licensed’. Rergon testithe Property for radon If the racion exceeds sdcentable ERA standards, Séller may choose to red.ios tha radon - favel to an apcaptabie ERA jovel;‘talling which elther parly may cancel thle Coritract, * . : Glan: Rado ie a naturélly oauriing radiogotive gas tht, when i hae ecoumiulated in-a bitldirg in. sufficlent : I" May Gancel this Contract by delivering written nutice 4o Saliar © 6 from Effective Date, failiig which Buyer apoopts @xiating elevation of the bulldings and zone detignation of ip Ina homeawners' ‘association Is mandatory, an asaaciation disclosure summery ig attached anid incorporated Into this Contract: BUYER SHOULD NOT SIGN THIS CONTRACT. UNTIL BUYER |” HAS RECEIVED AND READ THE DISCLOSURE SUMMARY: EG. IF YOU HAVE ANY PRES TIOND CONGERINING VALUATION, CONTACT: THE SOUNTY: PROPERTY AFRRAIBER'S OFFICE rcva FURTHER FORMATION, By . Reena ° - 4 yanl Sener ch ckrowiadga recelr of @ copy of thie page, whieh is Page 2 of 6 Papad, IB-8 Rev. ACO. goog nfl ito neato : : wy present health rlake. ta persons Who 'are exooeed to Itover time, Levela of radon that exceed faderel and a3 FROM : 108 110 Ww 112% 11@ _ tt 5 16 “ar 8 119 ey fat aa 183 124 128 128 ar sea 128 180 1H VB 18g 14 185 “138 197 188 1a9 140 4a4 142, 149 144 45 145° 147 ~ 148 149 180 * 461 162 163 16H 105 108° | oar 188 ioe 180 161 19 168. ear _ FAX NO. -esazeda7an fein, G1 2086 85:36PM. P4 92/01-'06 03:09 NO.562 04/10 i Bat ofthe natural envtenment that, wheni accumulated in suffclant quantiles, may present health eke to sons! For more information, Sentact the county Indoor air quallty specialist Or other appropriate professional, As Is With Right to inspeot: Beller makes ng warranties other than mayketabilty of tig, Salle wil keep the Property In the Sonditi¢n from Etfactive Date until losing, Sxoapt for-norme) wear and tear. (“maintensnee requireniert"); and will prerty in its “as is" condition with no obligation to makerany repairs, ~ io pi Fight; Seller Obligations: Buyer may, at Buyer's expense; conduct professionel and welk-thratigh nspeotiona 28 desorbed below. lif Buyer falle to timely Sondluct any-inapection whleh Buyer is entitted tO make urider “his paragraph, alps the right to the Inepection anc gocepts tha P operly “es 18." Geller. wil pravide 00¢88 and ulililles for Buyer's. (nanentione Buyer Wil repair all damages.to the Property resulting torn the inspections and return the Properly to Its pre paction chndi : : aesional inspectiona: The Inepection(e) will be by & perbor who spaolalizes in and holds an occupational ficense (fF required by Jaw) fo odnduct hame inspeotiania or ‘who holds « Florida lloaitee to repalr and maintain tha items inspected. | 46) Cannaliition Right: Buyer may cancel this Contraot tay: written notics to Seller withir___days: (within 5 Gays If laf. blanid tramithe end of the Inapectlon Period If the. estimated cost Of trasitment and +apairs determined to be: necessary by Buyer |g gipeter than § . For the. cangsiia'ion to be affective, Buyer must include’ in the wiitten notice-a ‘OOpY Of thetinspeotors written report, tt ‘any, and treatmant and repair estimates.trom the Inspector of persone) holding an appropriate) Florda llcdnee i repair the iterne Inspected, Any conditions not reported ina timely manner wii.be deemed aoceptéblefo Buyer, - aod t : ; (d) Walk-tHrough Inspection: Buyer may wall through the’'Proparty solely to verity that Seller hae fulfllad the contrantuel ; obligations. No éther jssues may ba reioed as a regul of the walk-through Inspection, * RISK OF LOBE: tf any portion of tha Property Is damaged by fire ‘ot other: casualy before closing and gen be restored thin 46 days from the Closing Cate to Substantlally the garie condition as if was on Effective Date, Soller wil, at: Seller's r@ the Property and the Cioging Date wit be extandadl accordingly, Galler will not ba obligated to replace traes. cannot be:complatid in time, Buyer may accent the Property “ae is" with exlating damage,:n ‘whloh gage effi ; to Buyer at closing in such amaunte ae are {) ithe Property and (i) not-yet sxpenided: In making repairs and (i) sufficient to retare the Property to-lte "as ‘s” . Spndiition #8 of the Effective Data, faling whloh either party may cenical this Contraat, If thé Property isa Soncominium, thi» ples only tothe unit ane! limited Common ¢leents eppurienant to the unity the Property is in‘a homeowners’ f= paragraph will not epply to common elémants or: recreation or otherfaciiitles...- ; ae dance: evidene will show Jegal agoesé. to the Property and marketable title of record in Seller in with ourrent title’ standards adopted by tha Floida Bar, sublet only to the following tithe exceptions, none ot Sption (2) Intami-Dade County, (1) & tit insurance gommitment issued by & Floridaslioangad ttle: insurer in'the’ arnount of the purchase price and: subject dnly to title exdeptions set forth in thie Contract arid delivered no later than 2 Gays before Closing ate: = 16°but 116. tater than closing, Of-any: defests that Make the title unmerkstable, ‘Seller will have 20 days from ’s notes of Usfeots (’Curative Period") to cure the defects at Seller's expense. If Sallar cures: the detects en notice to. + on Closing thin 10 days trom Buyar'a recelpt of Béller's nota Hi Glosing Date has passed; If Seller ts unabli to cure the Seller will deliver written notice’ to Buyer and Buyer wit; within 10 deye trom receipt of ‘ and eter ll) (Su. ackrawacg esto ace hs page, which Page @ ot Page, +8 ev tdloa -@ 2006 5 Association of Rawrone® Al Right Pleated : AUIMUNISTRATIVE COMPLAINT ; EXHIBIT ¢_| PAGE 3. or oy FROM : FAK ND. i954ne4a728 "Feb. @1 2886 @5!37PM . PS 02/01 $06 03:10 NO.562 05/10 Seller's notloa, ether cancel thig Contract or accept title with existing defects and cloge the transaction; (6) Survey: Buyer mey, at Buyer's expense, have the Property surveyed end daliver written nattoe to Salter, within daye from recelst of Sutvey but no later than oloeing: of any enersaohmente on: the Property, anoroachments by the Prop (mprovereiits on other lands or deed restriction ar zoning violations, Any such encrog¢hment or violation vall be treeled in tha same manner ies 4 title defact and Buyer's and Seller's obligations will be determined in-accordance with ‘Subperagrabh (b) above. If any part of the Property llas seaward af the oosatal congtruction contral ling, Setter will provide Buyer with hn affidavit or survey as Fequired hy law delineating tha line's looation on the Property, unless. Buyar waives this oo. MISCELLANEOUS, : . FE DATE; TIME: The "Effective Date" of this Contract is the date on-whion the last of the parties intilala or signs r}Tine is of the easerice far all provisions of ttre Contragt. AY tivia periods wil be computed in business dayaa a ey} Is every calendar day. except Saturday, Sunday and national legal holidays). if sny deadline fais on a Saturday, 177 Sunday ar national lag! holiday, perfirmance wil be due the next business day, All time periods will end at 6:09 p.m. toga! 2 (meaninglin the courity where the Property is locetiad) of the appropriate day, . “ S:/All notes wil be made to the perties and Brakes by mall, personal delivery or electronic Media. Buyers fallure to ital notice to Salley, when suoh notice Is required by this Contract, regariing any contingencies will ander TY Hull and vold and the Contract wil be construed as if the contingengy did nat exist. Any notlog, document p or poset by an attomey or Broker (eluding a trarwaction bipker) representing a party Will be a8 effective ABILITY: PERSONS BOUND: Ruyer may net assign this Contract without Seller's wittan consent. The terme = enti /Broker" may hé singular of: plural, Tha Qohtrect Is‘binaing.on the halta, administratara, executora, - tatives and aasigns (permitted) of Buyer, Siller and Braker, : ‘ be DEFAULT AND DISHUTE RESOLUTION ae 6. DEFAULT Ha} Seller Datautt: if for any reason other than fall tre. of Gellat'to make Sellars title marketable efter cilig Bffort, ejueée oF neglects to perform .this‘Contraot, Buyur may’ choose to receive a retum of Buyer's :diiposit-without 9 tho right to seek ciemagas or to seek ‘specific partormarce ag 'per Péeragraph 16, ‘Selter wil als b6 llatsla to-Broker for 8 full amouni ‘ providing bidker) up te the full arriount of the brokerage fiw,” 206 16. DISPUTE RESOLUTION: This Contract wil ba ‘Sonstrued undar Flortda law. All oortroversies, ole 206 “qhenton arisinyy out of Of relating to’this transaction or.thls Ogrrragt of tts brah will be settled as follows: 207 z 5 Sonoarning entitlement to deposita made and agreed to be made: Buyer-and Seller wil have GO days from 208 the date gontitcting demands aré made to etterpt to.resolve the dispute through mediation: If that fag, Esorow Agent 08 the dispute, If 60 requited by Florida jaw, to Eso‘ow Agent's choloe of arbitration, a Florida court oF the Florida: at ‘Commission, Buyer and Seller ‘will be bound by any raguiting award, Judgment, orordar, 244 or dlaputes: Buyer. and Seller wil, have 30 Gays from the date g dispute arises between tham to attempt to 212 Matter through mediation; falling which the pariles will resaiva the dispute through neutral binding arbitration ag | where the Property Is logated. The arbitrate May not-alter the Contrast terms'er award ‘any remedy not 214 prin thie Contract. The award will ba beaad on th r We a8 arty to the proceeding. This clause wil Survive closing. - a9 Hon -and Arpitration: Expenuas: “Mediation”. |s a Prodess In which parties attempt to rasoive a dispute by 200 ig It tovan Impartial mediator who facilitates tha resolutton of the dispute but who-ls not ompowared’ to Impose a J end Sellar, Cf.) eckncwledys rectiy‘of a oxpy ar this p , whist is Page 4 of 6 Pages, 4 ©2004 were lon of ReAvrone® ‘Al igh Resear pee Page . FROM: FAX NO. 1954s840728 Feb. @1 2206 85:38PM PG ; » 02/01. 106 03:17 NO.562 04/10 or other qnedistoriagread an by the. parties, The parties will equaly divas the mediation fea, if any, “Arbitration” is.a lon.wil be in sosordance with the rules of the AAA or other arbitrator agreed on by the palties, Each party to any’ arbitration will pay Ite own fees, coats and expenses, Inoluding attorneye' teea, and will Gaually eit the arbitrators’ feas and adminiatrative fees oF arbitration. : : ESOROW AGENT AND BROKER 239 47, ESCRO' AGENT; Buyar end Seller authorize Eaorow Acient to reoelve, deposit and hold funds and other tems in escrow 230 and, subject tp clearanca, disburse them Upon proper author.zetidn and In agcordance with Florida Law and thie tarne of this 21 Contract, Inofiding. diabursing brokerage fees. The partigs agree that Bkorow Agerit will not be liable to any Person for a2 riisdellvery o} excrowed Items to Buyer or.Saller, unless the Iisdelivery le-due to Escrow Agent's willful breaah. of this 8 Contract or glee nagligénes. It Eecrow Agent interplgads tha subjeot matter of the escrow, Escrow Agent wil pay the filing 234 tees and coste fram the deposit anc will rapovar masonable ettorhaya’ feas and coste to be paid fromthe eacrowed funds or 15 equivalent and charged and awatted as court costs in favor of the pravalling party. All claima against Escrav: Agant will be 20 erbitratedl, safong aa Escrow Agent congents to arilirate. . 207 18. PROFESSIONAL, ADVICE; BROKER LIABILITY: Broker 238 ore Important to them and to consult an ‘Sppropriate BRURESS 3 g $ g Z E 'S g a : Z g g 5 3 g 3 z a 4 i ining fife effect of laws on the Property and transaction, status of tite, foreign investor reporting requirérr enta,- ota) and 240, for tex, propelly condition, environmental and other spaclalzet advies, Buyer acknowledges that Broker does nxt ragide in the 21 Froperty and that all representations (oral, written or otherwise) by Broker are based on Beller representallong or oublic records, 2ae Buyer agrees to rely solaly on Salley professional: Ingpeoters and 253.4 B, BROKER B: The loensee(s) and brokerage(s), named below: ere ‘callactively refered to 98 “Broker." Inetruction to. Closing 254 Age brolverage fees as speci ad in seperate 5 brokers, except-to the extent Braker has” 250° retained SsUOht fees from the. escrowed furtda,:In the absenos of auch brokerage agreements, alosing agen: Wil disburse 267 ‘brokerage, fees aa Indicated below. This paragraph wil hot be used to motily any MLS or other offer of compensation made by © 208 B : : as . + BAG RE, : : . License Or BI hala Fim Srokerage Fo: War of Purchase _—_ . __-RINANGE INTERNATIONAL GROUPLLP "ADDENDA AND ADDITIONAL TERMS ont 8 The folowing edldtonel tants eve luce n addenda ancl Incorporsted ino this Covtract (check app abe: 200 : Otte x O10), intardst-Elearing Account QV. Prop. Disclosure Simt, O14, Ingpactions » AUP Bgok-up Contract’ > WERT ; Tad. Ingulation Disclosure |. - QQ, Broker + Pare, Int, In Prop, OX. 1031 Gxohange. GR. Fre-1676 Housing Simi, LBP) 18, Rantaia a > ON. Additional Clauses. - QL Insurance | ; O15. Sale/L sass of Buyer's Property 0 Other, OM, Housing Older Persons af, : a Other ON. Uninproved/Ag. op. Us Assionment - 3 Other .o = - Secor eeeiematanine - aaron nee o7T & ard. | ‘and Goll tt F hi 6 Pages, ABI "Rev. 1704 © Boba nz ledue ton fn nan aceny epage, which Page of 6 Peg a FROM: = _ OP Date; ane FAX NO... 79543840728 Feb. at 2006 GS:39PM P? + 02/01 "06 03:11 NO.562. 07/10 re aes in Thin i inte io bea legaly Bncing contract If he uly understood seek the advice of an ettomy pvr to signing OFFER AND ACCEPTANGE : 904 (Chack it apy loable: C1 Buyat received a waitin reel properly feclonune statement trom Seller betore mekhg th Ger) - 818" Date: - or a: 318" Fax: sie Ee-mall: ‘ LeL OE : cot a Print name: _ALFONSA SUSANA HEVIA® Address: 0 8 a 80S “Buyer offers P purchde the Property cn the shove terms ene orkitions, Unlege thie Contract is signed by Seller and a copy 806" delivered to Buyer novlater than aim pam. on - " — 307 “and Buyar's #epoait rafimded subject to olearance of funda, na rn this offer wil be revoked VEL HOYE “Buyer; 2 Printinama: THOMAS A. KNIGGE JR. PA, AND / OR ASSIGNS aaa COUNTER OFFER/REJECTION 920, : . ve : 321 ) Salter courters Buyer's offer (0 aooapt the coulter offer, Buyer: must sigr: ar initial the counter offered tarme anc delves a copy 928 Gf the aoceptdhea to Geller by 6:00 p.m.on we eto ate 2 oe Buyer aeG, {(_ "jane Gangeeairy (ia fpecific: = —__s ._.__). 0 Sallar reacts Buyer's offai; - - LE, (The date on whioh the last party ulgned or initialed acceptance of the final offer} ] foknowledge regipt of a copy of this page, which \s Page 6 of 6 ages. n of FizaLriag inake no réprevantasti¢n as to the legal vallefity ov add ct any. revision at etree gon Vaan eee fat aga mae ation local Bi 2 Rasuroris att bohed ASSIGNMENT OF CONTRACT Know all these:men by these presents, that, Thomas'A. Knigge, Jr.,.a Florida Corporation (“ASSIGNOR”), in consideration of the sum of ten dollars ($10.00) and other good and valuable consideration paid to. ASSIGNOR by Derrick Orosa, (ASSIGNEE”), receipt and sufficiency of which is hereby acknowledged, sets, over, conveys, assigns and transfers forever to ASSIGNEE that certain Purchase and Sale Agreement with Miguel Bautista Mariscotti and Alfonsa Susana Hevia, husband and wife, a photocopy of which is attached hereto ‘and‘made a part hereof, regarding the following described land, situate, lying and being in Miami-Dade County, Florida to wit: Unit No. 2304,, VUE AT BRICKELL, a Condominium, according to the Declaration of Condominium thereof, as recorded in Official Records Book 23102, at Page 262, of the. Public Records of Miami-Dade County, Florida; together: with an -undivided interest in thé ¢ common elements appurtenant thereto. Parcel Identification Number:.01-4139-088-1020 , Further subject to-the above deséribed ‘Declaration, of Condominium, which Grantee herein agrees to observe and perform, Together with:all of the appurtenances.to said. condominium unit. See condominium certificate of approval attached. re 2 Subject to taxes for 2006 and subsequent: years; covenants, conditions, restrictions, / easements, reservations and limitations of records if: any. : : : ; ; | To wit, Thomas A. Knigge, It, acknowledges itis receiving an Assignment Fee for which he will have-a’ : financial responsibility in declaring for. tax” purposes, which will include signing’a 1099. Form’and a, Disbursement Sheet showing receipt of said assignment fee, ‘The Assignment Fee Thomas.A. Knigge, Jr. is receiving shall in now way ‘affect. the proceeds Miguel Bautista Mariscotti and Alfonsa ‘Susana: b Hevia are to receive from the sale of the subject transaction, : : , ma 4 Derrick Orosa hereby acknowledges. that he. will be. responsible for: payment of the extra documentary . stamps being paid as a result of the Assignment Fee. “By “extra” documentary stamps, it is meant the! difference in the sale price agreed to. by Miguel: Bautista: Mariscotti:and Alfonsa Susana Hevia, in its - contract with Thomas.A. Knigge, Jr., of $537,500.00, and:the’ Assignment Fee which - “will be paid to), Thomas’A. Knigge, Jr., based:on the contract sales price béing paid by Derrick, Orosa, of $680,000.00. ; All of the parties referenced herein, which are acknowledging this: document ‘and its contents by their: signature, hereby hold ‘Lilia Casal-Diaz; P.A. harmless.and fully indemnifies same. (including. but not) : ‘limited to. attorney's fees, whether suit be brought ‘or not, and at trial. and‘all appellate levels, and court! costs.and other litigation expenses) with respect tothe ‘matters set forth herein. i i ye j “ASSIGNOR” and “ASSIGNEE” shall be used for singular.or plural, natural or artificial, which terms shall include the heirs, iegal representatives, successors and assigns of ‘ASSIGNOR, and ASSIGNEE . whenever the context so requires or. admits, i i i Dated: April 12, 2006 d delivéreq’in our presence: -Thomas'A. Knigee, Jr. ADDENDUM TO PURCHASE AND SALE CONTRACT between Miguel B. . Mariscotti and Alfonsa §. Hevia, husband and wife, “Seller”, and Thomas A. Knigge, Jr, “Buyer/Assignor” and Derrick Orosa, “Buyer/Assignee”, for the property located at 1250 5. Miami Avenue, Unit 2304, Miami, FL 3313 1, with a Closing Date of April 12, 2006. The following is incorporated and made.a part of the Contract: 1. Seller and:Buyer hereby. acknowledge that dite to Sellei’s immigration status as a foreign resident alien, it is requited that the Closing Agent, Lilia Casal-Diaz, PA, withhold 10% of the Seller’s proceeds based on the sales price: 2. Itis further acknowledged that Seller sold the property to. Thomas A. Knigge, Jr. at a sales price of $537,500.00, and that Seller agreed that the contract could be assigned: by Thomas A. Knigge, Jr., for an increased monetary value. vo 3. Thomas A: Kuigee, Jr,, then assigned his contract to Derrick Orosa for an assignment ° fee of $142,500.00, which was added to the sales price of $537,500.00, to reach a final sales price of $680,000.00. . : : : 4. Due to the above reasons, the 10% FIRPTA withholding is based on the final-sales price of $680,000.00, making the ‘withholding to the IRS, $68,000.00 (Sixty-eight thousand-Dollars), instéad ‘of $53,750.00 (Fifty-three thousand seven hundred fidty Dollars) for which Thomas:A. Knigge, Jr. has agreed to'contribute $14,250.00 to. reach ~’ the required withholding of $68,000.00... . coke : 5, The Sellerhereby agrees to reimburse Thomas A. Knigge his corresponding portion of the $14,250.00, when the IRS determines how much taxes will be paid out of the:10% : withholding. * wet : : ' Thomas A. Knigge, Jr. By Adriana Brier, his attomey-in-fact Alfonsa Susana Hevia, .- by: pe = By Adriana Brier, his attomey-in-fact Miguel Bautista Mariscotti,- ZY Apliuant Bin 7 “| ' “4 | a 4 | Poek | t mh FROM + FAX-NO, ..: 95431840728 Feb, Ot ies @5:39PM. PS 02/01 06 08:42 NO.562 08/10 9... to the Contrast dated ety ALHONSASUBANAMEVIA (Seltery” WAND /ORASSIONR (Buyer) M JEL BAUTISTA AN} THOMAS A ENIGGH ere tt pe pe ny ind conditions part df the Contract: ve To ANY PERSON OR ENTITY, THE TERMS "BUYER"; "GELLER" AND ‘wo aubecrib@ to fis Code i Ediics, I bianls forms by eny rigens including Mectimil’ or comenteraad ferns, - a ie : _ ; | pe aon Asoc ct Rawson sd yc atts ie wejof th Unie Supa (17 UE, Coc) forbid the tethered eager ©1904 Florida Association of Reattonat - a 32 ‘omer scree teak fratello daetiadiadl “ADRIANA BRIER ML: M1026734° BC: FIGLOL AD: 1256 § SOUTH MIAMI AVE CT: DADE Fé: ooogoooagoz304 LG: VUE AT BRICKELL CONDO UNIT 2304 Mc:1 BY: . MN: MODELH ~ LAs 1,480 UNIT LOBBY GOVRN: CONDO WTRER: No TH: 1 Ta 1,337 Ser 1. ~ UNTYW:INTRACST | POOL ° CONST: CBS ~ PARK: ISPACE : FLOOR: THLE REM1 GREAT OPPORTUNITY POR AN: INVESTOR 1WO YEAR LEASED MARKET PRICEIISPECTACLLAR PANORAMIC VIEW FROM “THIS. FULLY FURNISHED,FLOOR MARDLC, 2. 8D,2' BATH PLUS: DEN, NEW: CONDO IN PRESTIGIOUS BRICKELL AREA WITH: “MS: = CONDOICO P/VILLASTOWNHOUSE Southeast Fora MLS OF: FINANCE INTL GROUP LLC AREA: 41. . SHORT SALE: \ SYATUS: CS. 2 oie 29046 Pe LLP “LP: $534,990. ~ CETY:MIAMI -ZpP 33130 “GEOARE. “FLA: 23° TOTHL: 36) BLDG: ; Blows STYLE: | C42. SD:90 PN 2304 MAP? ste TYPE: - CONDO CN} VUE AT BRICKELL INTLVESH OO PS: F ~ UNIT BLG: - UNIT COMPEX: : : YR: 2005/ NEW CONV: . "EFFS BED: 2 PBATH: 2. HEATH: 0 | #1: 8 DET: ; MNEIV: DOCK SPACES: Gana 1 ; CPT PARK SPACE#: . WIRAC:. on 2. BACB SECUR: GARAGE “FIREALRM ‘LOBBY © ‘BALAP: DINED) ; -SFAFRE 0 PARKING RESTRUCT: ; ; ‘MIN LS @DAY: M eLSEYRI 4 BEATIFUL 157 SQFT TERRACE AND SOARING SFT CRILLINGS AMENITIES. INCLUDE BUSINESS. CENTER,, VALET CONCIERGE SERVICE, WIRELESS INTERNET ACCESS ,CLUG.ROOM RESORT STYLE HEALTH CLUB,PRIVATE COVERED - PARKING. AND EXSPANSIVE oiNecK EASY’ ACCESS-TO: ‘THE. DPREBSWAYS: HOSPITAL & AIRPORT, METRO-MOVER ‘AND. a METRO RAIL: DIR: OCCUP: VACANT PREV STATUS! T PE: 01/23/06 “BOD: 04/13/06-———~ TR: CONV St: *(c) 2008 — Saytheast Florida Regional ~ IVFORMATION.IS BELIEVED ACQURATE BUT IS NOT WARRANTED= ALLAMEN msccm, Sit ip a) stake ee ae : BAR > ELEVATOR EXTSTORAG ‘DERCISRM HEATPOOL ‘POG TRASHCHUT. . : EXTALTER NONE onsets BRK-REM:GREAT OPPORTUNITY FOR AN INVESTOR TWO YEARS | KaSEN MARKET RICE nee BS. 24 SEGUEITY AND © jac. “APPR MKS : COOL: . © CENTRAL ; : : : ‘ASSUME: DAV/SOH: Land LSE: '$2,200 REC LSB: -$2400 POSS: FUNDING “IDX -¥ ; ; “APH: 786-325-2459 OPH: 305-981-7550 x 0 “ZAGs. 786+325-3459 “FAX: 305-981-7501 ONt: 2PHt a ; PHoTo: $03.8 ‘ BROrM. 3 2.5% VAR: N JA: Wo: SHOW! CALL-LA CALL-LO APPT-ONLY WD: 11/27/05 XD; 11/27/06 STATUS CHNG: 04/17/06 OKADV!N £4: PRICE CHNGI OREGS: $534,990 La CONTING: DM: 57 “FURNF Cpr 04/13/06 | SPx_-$537,500 “CBr EAGROL ~~~" sO! “S0Tziss SS; Dare Hees Ss SPID2: $521 S2: 06/03/08 05:28 PM. GUM iA ih eh - Mbit Status |. Price Date Agent. Broker ‘DOM S "$537,500 04/3/06 ——=«3012156.=—=S=*:*=CaGROS SSC MaO2s74 534,990 og/t4/os == 3027837 cao “ _- 1M1026734. PS $534,990 On/oajos = Boars? GON --MI026734 A _ $534,990 14/27/05. 3027837 IGLOL ee FO57742 OR © 1,500. 07/14/05 0622509 1a -FES774Z A $1,450 07/08/05. 0sg340 CHR on FOS7H42 A $1500 o7/ezi0s geo aR HUU-1 U.S. Department of Housing ‘OMB:-No, 2502-0265 A.- Settlement Statement and Urban Development B. Type of Loan : : © 1.FHA © 2. FmHA © ava. © 6.Conw. Ins, 6. File Number 0124-06 @ 3. Conv. Unins. 7. Loan Number 2503160116 8. Mortg. Ins, Case Num. ID: Amounts paid to.and by the settlement agent are shown. Items they are shown here for informational purposes and are not Included in thé totals. C. NOTE: This form is furnished to give youa statement of actual settlement costs, marked “(p.o.c.)* were pald outside the closing; D. NAME OF BORROWER: Derrick Orosa, a single man Address of Borrower: 1250 §. Miami Avenue, Unit 2304, Miami, Florida 33130 E, NAME OF SELLER: Miguel Bautista Mariscotté and Alfonsa Susana Hevid, husband and wife Address of Seller: . Sari Martin 507-10-3, 2000 Rosario-PCIA, Santa Fe Argentina 7 TIN: F, NAME OF LENDER: Ampac Lending Group Address of Lenider: 1401 Dove Street, Suite 100, Newport Beach, California 92660 G. PROPERTY LOCATION: 1250 § Miami Avenue, Unit 2404, Miathi, Florida 33131 H. SETTLEMENT AGENT: —__ Lilia Casal-Diaz, P.A. . _ TIN: 02-0614792 Place of Settlement: 4155 SW 130 Avenue, Suite 107, Miami, Florida 33175 Phone: 305-229-4229 1. SETTLEMENT DATE: 412106 DISBURSEMENT DATE: 4/12/06 ae i Bali i iG not 101, Contract sales price i 680,000.00} 401. Contract sales price { 102. Personal property [ 402, Personal property «, (103. Settlement charges to borrower {Line 1400) E 20,460.94] 403. -{104, : : 404. 105, 108. Monthly Maintenance . 408. Monthly Maintenance 109, 409. . 110. 410, a. 112. 412, : 1x 700,460.94] 420. Gross amount due to seller: 3 Ef ast 201, Deposit or eetnest money 202. Principal amount of new loan(s) 13,600.00 501. Exobos deposit (see instructions) 544,000.00} 502, Settlement charges to seller (line 1400) 243,755, 203, Existing loan(s) taken subject to 503. Existing toan(s} taken subject to 204, Principal amount of second mortgage ‘504. Payoff of first mortgage loan 361,802. 205. . oo 505.’Payoff of second mortgage loan 206. . _ | 506. Deposits held by seller 207. Principal amt of mortgage held by seller _{ 507. Principal amt of mortgage held by seller 208, 508, on 209. Proceeds from Sond Mortgage _ 132,617.22] 509, jusiinertaioren ios.) ANUWERUTATES 210. City/town taxes : 510, Citytown taxes _ [211 County taxes from 01/01/06 to 04/12/06 3,648.53] 511. County taxes from 01/01/06 to 04/1206 212, Assessments from 04/12/06 to 04/30/06. 315,93] 512. Assessments from 04/12/06 to 04/30/06 315. 23, | 513, 214, : S14, 215, : $15, 216, 516, 217. 218. 219. 220. Total pald by/for borrower: 609,522 }301. Gross amount due from borrower . - 700,460.94] 601. Gross amount due to seer 680,000. (line 120) (line 420) . 302. Less amount paid by/for the borrower . (694,181.68)) 602. Less total reductions in amount due seller (609,522. (line 220) 7 (line 520) 303, Cash( [7] From To Borrower: 8,279.26] 603. cash( 7] To [) From) setter, 70,477. Substitute Form 1099 Seller Statement: The information contained In blocks E, G, H, and | and on fine 401 Is important tax.information and is being furnished to the IRS. If you are required to file a retum, a negligence penalty or other sanction will be imposed on you If this item is required to be reported ar the IRS determines that It has not been reported, . Seller Instructions: _ If this real estate was your principal residence, file Form 24119, Sale or Exchany \9@ of Principal Residence; for any gain, with your tax return; for other transactions, complete the applicable parts of Form 4797, Form 6262 and/or Schedule-D (Form 1040), ot com | pe LG AGE tus hints iy EE . DoubleTimet U.S, Department of Housing and Urban Development Page: e Pald from Paid from pi : c j Borrower's Seller's on price $537,500.00 @ 5.5000 %r 29,562.50 orrower’ nats, 13,437.50 2.5000 _% to EAG Realty ~| Settlement .| Settlement 702. 16,125.00 3.0000 _.% to Finance Intemational Group, LUC Bias "|203._ Comunission paid at settlement : 29,562. 704, . Inspection ._ “Appraisal fee 4. Credit report to Sunshine Lending Corporation ._ Appraisal Review feo -- to Impac Lending Group Document Funding fee to Impac Lending Group Document Preparation Fee to. Impac Lending Group . Administration Fee to Sunghins Lending Corporation ). Tax Service Fee 6 Impac Lending Group ). Processing Fee __10 Sunshine Lending Corporation Interest from 04/12/06 fo: Impac Lendirig Group to. 03/01/06 @ 12R4Aa4 Mortgage insurance premium for months to Hazard insurasice premium for years to years'to . ‘years to Miami-Dade County Tax Collector: ~ months @ Aggregate accounting adjustment OCTET |. Setlement or ctosing fee” ‘Abstract of title search ._ Title examination __to Lilia Casal-Dinz, P.A. to Lilia Casal-Diaz, P,A, to. Lilia Casal-Diaz, PA, ._-Estoppil Feo to The Continental Gioup’. Ben to. Lilia Casal-Diaz, PA; to’ Lilla Casal-Diaz, PA. to Lilia Cabal-Diaz, PA, fo : Gnoludes above item numbers: to” Lilia Casal-Diaz, PA. )_ Lender's coverage (Premium): $544,000.00 ($250.00) Owner's coverags (Premiuan): Courier/Copy/Overnight Fee 3680,000.00 ($3,475.00) Endorse: 4.1-100 (25):8.1-100 @5);F9-350.00 to Liliz Casal-Diaz, P.A. 10% FIRPTA Withholding for IRS 1202. _City/county tax/stamps to: Lilia Casal-Diaz, P,A. 310.00 __* Mortgagé(s) 4.50 Mortgage( $1,088.00 ._ State tax/stamps $4,080.00 ~ ” Mortgage(s) 31,904.00 J. Title Affidavit & POA .- MedicalCollection Acct # 11952397 Loan Origination Fee to Dade County Clerk of Courts Lilia Casai-Dinz, P.A, to" Sunshine Lending Corporation f .. Wire Trinsfer Fee to_impac Lending Group a] 25.00 1304." Lender Credit to Broker to Sunshine Lending Corporation 495.00 1305. Broker Service Fee pd by Lender to: Sunshine Lending Corparatian 5491.14 1306. Assignment Fee to Thomas A. Knigge,Jr. : 127,395.00 1307._Flood Certification fo_Impac Lending Group. 1308. Courier Fee Suashine Lending Corporation . ‘Additional expenses : { Enter on lines 103, Seotion J and 502, Section K) A D0 DoubleTime® HUD-1 SETTLEMENT STATEMENT ADDENDUM File Number: 0124-06 ! have carefully reviewedithe HUD: -and accurate statement of all rec further certify that { have receive 1 Settlement Statement and to'the best of my knowledge and belief, itis atrue eipts and disbursements made on my account or by me in this transaction. ‘| d a copy of the HUD-1 Settlement Statement. ce) Borrower(s) x ee ae an : Derrick. Orosa : op. Seller(s) “7 by Adriana’ Brier Bus Attorney in Fact Adriana Brier : Attorney in Fact Settlement Agent The HUD-~1 Settlement Statement which | have prepared is:atrue and accurate account of this transaction. .| have causedior will cause'the funds to be disbursed in accordarice with this statement. ~ . Lilia Casal;Diaz, P.A: By: Date: WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can j include a fine and imprisonment.: For details see: Title 18 U.S. Code Section 1001 and Section 1010, oP : : DoubleTime® ‘Date: 412008 Loca Number: 2549160136 ‘STACY VELASQUEZ (LG.) Ror Status Call: 949.475.2980 SYELASQUEZ©IMPACCOMPANIES.COM AB conditions below apply te your loan: ‘Have your prior to dor conditiens delivered (949) 252-2373 aad signed off within 3 besiocas days, frem the approval date and carn $100, : PRIOR TO DOC CONDITIONS + OAOT/2006 1 BATISFACTORY ILG HOA (0410712006 2 SATISFACTORY 2¢-MONTH CHAIN OF TITLE FOR SUBJECT: (410712006 3. VERBAL VERIFICATION OF EMPLOYMENT FOR CONTINUOUS 24-MONTE HISTORY IN aed SAME LINE OF WORK - BROKER TO OBTAIN BAAVTI2006, “4” FLOOD CERTIFICATION « ILG TO OBTAIN Ow 112006 5 ANENHANCED REVIEW WITH 2 COMPS - ILG TO OBTAIN oanrz006 6 APPRAISER TO PROVIDE I COMP FROM O1 COMPLEX “O60TT2006 7 EVIDENCE OF 2 YRS SELF EMPLOYMENT: LETTER FROM CPA MUST HAVE COMPLETED ‘TAX RETURNS FOR PAST 2:YRS TO BE CONSIDERED > § DEPOSIT GREATER THAN 2% OF SALES PRICE; EARNEST MONEY DEPOSIT VERIFICA! TION REQUIRED. oad EXECUTED COPY OF NOTE AND DEED OF TRUST FOR SECONDARY FINANCING. 11 HAZARD INSURANCE SUFFICIENT TO COVER LOAN AMOUNT/REPLACEMENT COST, (CE 12 ‘SELLER PAID CLOSING COSTS LIMITED TO ACTUAL CLOSING COSTS NOT EXCEEDING 6% OF THE LOWER OF APPRAISED VALUE AND SALES PRICE. ; 13 | THE FOLLOWING DEBTS TO BE PAID IN FULL OR PROVIDE EVIDENCE SATISFIED: MED © COLLECTION 411952997 ($713) SORROWER(S) MUST INITIAL EACH PAGE OF THE DEEDYMORTGAGE, RIDERS, AND THE RS ‘NOTE, PER INVESTORS REQUIREMENTS, 215 CLOSING AGENT 18 AUTHORIZED TO COMPLETE VESTING PER STATE REQUIREMENTS. 16 LENDER REQUIRES AN INDEPENDENT SRD PARTY. TO SUPERVISE AND NOTARIZE ALL - +; LOAN DOCUMENTS AT CLOSING. “ zi ~ - THIS LOAN, ADDING OF ANY FEES WILL CAUSE THIS FILE. TO BE HIGH COST AND WILL | RESULTINAREDRAW: = = : yes * ed UPDATED HAZARD INSURANCE REQUIRED PRIOR TO FUNDING, CLOSER/TITLESATTORNEY “21 1ST & 2ND LIENS MUST CLOSE SIMULTANEOUSLY, ZND CANNOT RESCIND WITHOUT 1ST “22 ILG TOSUPPLY OCCUPANCY CERT TO CLOSING AGENT - “This conden appenval ots te we imved abject to Quebty Canral Raview, Liew Cashin Revie se cancorrance riven mortgage Loas/Lerding Policies. Jesus of this cowlitiquel Approval Letter or delenss of nen documents is not 8

Docket for Case No: 09-003633PL