NCG200522_Name-Owner Change Supporting Info_20201119

OMR NO.2502-0265 r
A.
U.S. DEPARTMENT OF HOUSING& URBAN DEVELOPMENT
SETTLEMENT STATEMENT
B. TYPE OF LOAN:
1.[JFHA 2.E]FmHA 3.NCONV.UNINS. 4.[]VA 5.E]CONV.INS.
6. FILE NUMBER:
20-441 FM RECYCLING
7. LOAN NUMBER:
8. MORTGAGE INS CASE NUMBER:
C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked (POC]" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
D. NAME AND ADDRESS OF BORROWER:
FM Recycling LLC
a NC limited liability company
5480 Hickory Grove Rd.
Stanley, NC 28164
E. NAME AND ADDRESS OF SELLER:
Carolina Metals Group Properties, LLC
a NC limited liability company
6225 MdNvatne Rd.
Huntersville, NC 28078
F. NAME AND ADDRESS OF LENDER:
First National Bank
2593 W. Roosevelt Blvd.
Monroe, NC 28110
G. PROPERTY LOCATION:
1947 Charles Raper Jonas Hwy
Mt Holly, NC 28120
Gaston County, North Carolina
H. SETTLEMENT AGENT:
Hance & Hance
I. SETTLEMENT DATE:
October 16, 2020
PLACE OF SETTLEMENT
317 South Street
Gastonia, NC 28052
J.SUMMARY OFBORROWER'STRANSACTION
K.SUMMARY OFSELLER'STRANSACTION
100, GROSS AMOUNT DUE FROM BORROWERo
400, GROSS AMOUNT DUE TO LLERn
101. Contract Sales Price
800,000.00
401. Contract Sales Price
800,000.00
102. Personal Property
402. Personal Property
103. Settlement Charges to Borrow Line 1400
6,227.18
403.
104.
404.
105.
405.
advanceAd"tmE-I�emi Paid By Seller in
106. City/Town Taxes to
406. City/Town Taxes to
107. County Taxes 10/17/20 to 01/01/21
10.68
407. County Taxes 10/17/20 to 01/01/21
10.68
108. Assessments to
408. Assessments to
109.
409.
110.
410.
ill.
411.
112.
412.
120. GROSS AMOUNT DUE FROM BORROWER
806,237.86
420. GROSS AMOUNT DUE 77 SELLER
800,010.68
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER:
500. REDUCTIONS IN AMOUNT DUE TO SELLER:
201. Deposit or earnest money
501. Excess Deposit See Instructions
202. Principal Amount of New Leans
640,000.00
502. Settlement Charges to Seller Line 1400
11985.00
203. Existing loans taken subject to
503. Existin loans taken subject to
204.
504. Payoff of first Mortgage to First National Bank
520,263.09
205.
505. Payoff ol second MortqaAe
206.
506.
207.
507.
208.
508.
209.
509.
Ad ustments For ftems UnDaid B Se er
Adiustments For Items Unpaid By Seller
210. Cit gown Taxes to
510. City/Town Taxes to
211. County Taxes to
511. County Taxes to
212. Assessments to
512. Assessments to
213.
513.
214.
514.
215.
515.
216.
516.
217.
517.
218.
518.
219.
519.
220. TOTAL PAID BY/FOR BORROWER
640,000.00
520. TOTAL REDUCTIONAMOUNT DUE SELLER
522,248.09
300. CASH AT SETTLEMENT FROM/TO BORROWER:
600. CASH AT SETTLEMENT TO/FROM SELLER:
301. Gross Amount Due Fran Borrow Line 120
806,237.86
601. Gross Amount Due To Seller Line 420
800,010.68
302. Less Amount Paid By/For Borrower Line 220)
( 640,000.00
602. Less Reductions Due Seller Line 520
( 522,248.09
303. CASH ( X FROM) ( TO) BORROWER
166 237.86
1603. CASH ( X TO) ( FROM) SELLER
277,762.59
HUD-1 (3,M) FESPA, "M3052

700. TOTAL COMMISSION Based on Price °
PAID FROM
BORROWERS
FLIIWAT
SETTLEMENT
PAIDFROM
SELLERS
FINDS AT
SETREMENT
Division o/ Commission Oine 700 as Follows:
701. $ to
702. $ to
703. Commission Paid at Settlement
704. to
800. ITEMS PAYABLE IN CONNECTION WITH LOAN
801. Loan Origination Fee 0.5000 % to First National Bank
3,200.00
802. Loan Discount % to
803. Flood Fee to First National Bank
10.00
804. Appraisal to First National Bank $2885 POC
805. Environmental Review Fee to First National Bank
500.00
806. Mcdqacie Ins. App. Fee to
807. Assumption Fee to
808.
809.
810.
811.
900. ITEMS REQUIRED BY LENDER TO BE PAID INADVANCE
901. Interest From 10/16/20 to 11/01/20 @ $ /day ( 16days %)
902. Mortgage Insurance Premium for months to
903. Hazard Insurance Premium for years to
904.
905.
1000, RESERVES DEPOSITED WITH LENDER
1001. Hazard Insurance months @ $ per month
1002. Mortgage Insurance months @ $ per month
1003. Cit !Town Taxes months @ $ per month
1004. County Taxes months @ $ per month
1005. Assessments months @ $ per month
1006. months @ $ per month
1007. months @ $ per month
1008. monthsper month
1100. TITLE CHARGES
1101. Settlement or Closing Fee to Hance & Hance
225.00
1102. Courier Fee to Hance & Hance
35.00
1103. Title Examination to Hance & Hance
500.00
1104. Fed Ex Payoff to Hance & Hance
35.00
1105. Document Preparation to Hance & Hance
300.00
1106. Mortgage Cancellation to Hance & Hance
50.00
1107. Attorney's Fees to Hance & Hance
600.00
Includes above item numbers:
1108. Title Insurance to Barristers Title Services C-2010-06.0563-BAR
1,057.18
Includes above item numbers:
1109. Lender's Coverage $ 640,000.00
1110. Owner's Coverage $ 800,000.00
1111.
1112.
1113.
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording Fees: Deed $ 31.00 ; Mortgage $ 69.00; Releases $
100.00
1202. City/County Tax/Stamps: Deed Mortgage
1203. State Tax/Stam s: Deed 1,600.00; Mottgage
1,600.00
1204.
1205.
1300. ADDITIONAL SETTLEMENT CHARGES
1301. Survey to
1302. Pest Inspection to
1303.
1304.
1305.
1400. TOTAL SETTLEMENT CHARGES Enter on Lines 103, Section J and 502, Section K
61227.18
1,985.00
By signing page 1 of this statement, the signatories acknowledge receipt of a completed copy of page 2 of this two page statement.
Hance & Hance
Settlement Agent
(20441 FM RECYCLING / 20441 FM RECYCLING / 15 )

ACKNOWLEDGMENT OF RECEIPT OF SETTLEMENT STATEMENT
Borrower:
Seller:
Lender:
Settlement Agent:
Place of Settlement:
Settlement Date:
Property Location:
FM Recycling LLC
Carolina Metals Group Properties, LLC
First National Bank
Hance & Hance
[phone]
317 South Street
Gastonia, NC 28052
October 16, 2020
1947 Charles Raper Jonas Hwy
Mt Holly, NC 28120
Gaston County, North Carolina
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 mein this transaction. I further certify that I have received a
copy of the HUD-1 Settlement Statement
FM Recycling LLC
BY: 4eW&J�—
Francisco Montez, CEO
Carolina Metals Group Properties, LLC
BY: 1;0�k
Mike Sordi, CEO
To the best of my knowledge, the HUD-1 Settlement Statement which I have prepared is a true and accurate account of the funds
which were received and have been or will be disbursed by the undersigned as part of the settlement of this transaction.
Hance & Hance
SettlementAgent
WARNING: It is a crime to knowingly make false statements to the United States on this or any similar form. Penalties upon
conviction can include a fine and imprisonment For details see: Title 18 U.S. Code Section 1001 and Section 1010.
MJa1 C"6) RESPA, FB43052