NCG030401_Name-Owner Change Supporting Info_20220429

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A.
U.S. DEPARTMENT OF HOUSING t£ URBAN DEVELOPMENT
SETTLEMENT STATEMENT
B. TYPE OF LOAN:
1.I]FHA 2,QFmHA 3. ❑CONV. UNINS. 4. E]VA 5. �CONV. INS.
6, FILE NUMBER: 1
19189 GAGE
7, LOAN NUMBER:
8. MORTGAGE INS CASE NUMBER:
INS
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 "fPOC]" were paid outside the closing, they are shown here for informational purposes and are not included in the totals.
D. NAMEAND ADDRESS OF BUYER:
Steelfab of Virginia, Inc.
5105 Bur Oak Cir.
Raleigh, NC 27612
E. NAME AND ADDRESS OF SELLER:
Hercules Steel Company, Incorporated
J H B, Inc.
MIT, Inc.
960 Country Club Dr.
Fayetteville, NO 28301
F. NAME AND ADDRESS OF LENDER:
G. PROPERTY LOCATION:
946 Country Club Dr., 4407 Distribution Dr.,
three (3) tracts along Distribution Dr. and
one (1) tract along Shaw Mill Rd.
Fayetteville, Cumberland County, NO
H. SETTLEMENT AGENT:
Culp Elliott & Carpenter, P.L.L.C.
I. SETTLEMENT DATE:
October 1, 2021
PLACE OF SETTLEMENT
6801 Morrison Blvd., Suite 400
Charlotte, NO 28211
J. SUMMARY OF BUYER'S TRANSACTION
K. SUMMARY OF SELLER'S TRANSACTION
E TO SELLER:
101, Contract Sales Price
3,175,800.00
401. Contract Sales Price
3,175,800.00
102. Personal Property
924,200.00
402, Personal Property
924,200,00
103, Settlement Charges to Buyer Line 1400
53,942,74
403.
104.
404.
105.
405.
Adiustments For Items By e ar in advonce
Ad "u tMents For and Bv Setter to advance
106, Cit lTawn Taxes to
406. City/Town Taxes to
107. County Taxes 10/02/21 to 01/01/22
8,335.68
407, County Taxes to
108, Assessments to
408. Assessments to
109.
409,
110,
410.
ill.
411.
112.
412,
120. GROSS AMOUNT DUE FROM BUYER
4,162,278.42
420. GROSS AMOUNT DUE TO SELLER
4.100,000"00
200. AMOUNTS PAID BY OR IN BEHALF OF BUYER:
500. REDUCTIONS IN AMOUNT DUE TO SELLER:
201. Deposit or earnest money
501. Excess De osit See Instructions
202, Princi alAmount of New Loans
502, Settlement Charges to Seller Line 1400
6,353.00
203. Existing loans taken subject to
204.
503. Existing loan(s) taken subject to
504. Payoff of first Mortgage to First Bankl#1220000377
1,651,216.37
205,
505, Payoff of second Mortgage
206"
506.
207.
507.
208.
508.
209.
ustments For tems Unpaid By Seller
509.
Adjustments For Items Unpaid pLgeTbr
210. Cit (Town Taxes to
510, Cit frown Taxes to
211. County Taxes to
511. County Taxes 01/01/21 to 10/02/21
25,098.66
212. Assessments to
612. Assessments to
213.
513,
214.
514.
215
515,
216.
516.
217,
517.
218.
518.
219.
519.
220, TOTAL_ PAID BY/FOR BUYER
520, TOTAL REDUCTIONAMOUNT DUE SELLER
1,682,668.03
300, GASH AT SETTLEMENT FROMITO BUYER:
301, Gross Amount Due From Buyer Line 120 4,162,278.42
600. CASH AT SETTLEMENT TOIFROM SELLER:
601, Gross Amount Due To Seller Line 420 4,100,000.00
302, Less Amount Paid BylFor Buyer (Line 220)
( )
602. Less Reductions Due Seller (Line 520)
( 1,682,668.03
303, CASH (X FROM) ( TO) BUYER
4 162,278.42
603, CASH ( X TO) ( FROM) SELLER
2,417,331.97
HUDA (3"86) RSSPA, HB4305.2

700. TOTAL COMMISSION Based on Price 3 75 J 00�(a .500 e° V 637.0
PAID FROM
BUYER'S
FUNDSAT
SErrI.EwENT
47,637.00
Fr�iD FROM
sauLFR'S
FUNDSAT
SETT"ENT
Division of Commission fine 700 as Follows:
701, $ 47,637.00 to CK Charlotte Suburban Brokerage, LLC
702. $ to
703. Commission Paid at Settlement
704. to
80Q.ITEMS PAYABLE IN CONN CTION WI H LOAN
801. Loan Origination Fee % to
802. Loan Discount % to
803. Appraisal Fee to
804. Credit Report to
805. Lender's Inspection Fee to
806. Mortgage Ins. App. Fee to
807. Assumption Fee to
808.
809,
810.
811.
900. ITEMS RE UIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest From to @ $ /day ( days %)
902, MIP Totins. for LifeOfLoan for months to
903. Hazard Insurance Premium for years to
904.
905.
1000. RESERVES DEPO ITED 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. months 0, $ per month
1100. TITLE CHARGES
1101. Settlement or Closing Fee to
1102, Abstract or Title Search to
1103. Title Examination to Chicago Title =2,760.00
1104. Title Insurance Binder to
1105. Document Preparation to
1106. Notary Fees to
1107, Attorneys FEES to
includes above item numbers:
1108. Title Insurance to Chico o Title
3,369.74
includes above item numbers:
1109. Lender's Coverage $
1110. Owner's Coverage $ 3,175,800,00
1111.
1112.
1113,
1200. GOVERNMENT RECORDING AND TRANSFER CH RGES.
1201. Recording Fees: Deed $ 93,00; Mortgage $ Releases $
i 93.00
1202. Cit !Count TaxlStam s: Deed Mort a e
1203, State Tax/Stamps: Revenue Stamps 6,353.00; Mortgage
1204. Record Non Warrant Deeds to Cumberland Count Register of Deeds
93.00
6,353.00
1205.
1300. ADDITIONAL SETTLEMENT CHARGES
1301. Survey to
1302. Pest Inspection to
1303.
1304.
1305.
1400. TOTAL SETTLEMENT CHARGES Enteron Lines 103, Section J and 602, Section K
53,942.74
6,353.00
Certified to be a true copy.
( 19189 044DISTRIBUT(Of 19189 04DISTRIBUTIO/9)

DocuSign Envelope ID: 8C437D05-B82D-4943-B44F-CbDF3D2D33D3
ACKNOWLEDGMENT OF RECEIPT OF SETTLEMENT STATEMENT
Buyer: Steelfab of Virginia, Inc.
Seller: Hercules Steel Company, Incorporated
JHB,Inc.
MIT, Inc.
Settlement Agent: Culp Elliott & Carpenter, P.L.L.C.
[phone]
Place of Settlement: 6801 Morrison Blvd., Suite 400
Charlotte, NC 28211
Settlement Date: October 1, 2021
Property Location: 946 Country Club Dr., 4407 Distribution Dr.,
three (3) tracts along Distribution Dr. and
one (1) tract along Shaw Mill Rd.
Fayetteville, Cumberland County, NC
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 me in this transaction. I further
certify that I have received a copy of the HUD-1 Settlement Statement.
Steelfab of Virginia, Inc.,
a Virginia corporation
DocuSigned by:
F6� I—bw
By:
Name: Rob Burlington
Title: President
Hercules Steel Company, Incorporated,
a North Carolina corporation
DocuSigneedd by: ��ln tR15, J61W AA,
By:
Name: Lynn B. Jourden
Title: President
J H B, Inc.,
a North Carolina corporation
By:_
Name:
Title:
Gardner H. Altman, Jr.
President
MIT, Inc.,
a North Carolina corporation
By:
Name: Gardner H. Altman, Jr.
Title: President
To the best of my knowledge, the HUD-1 Settlement Statement is a true and accurate account of the funds which were
received and have been or will be disbursed by the undersigned ag�gQd e settlement of this transaction.
Culp Elliott & Carpenter, P.L.L.C.
Settlement Agent
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.
(19189_04-DISTRIBUTIONDR.PFD/19189_04-DISTRIBUTIO/

ACKNOWLEDGMENT OF RECEIPT OF SETTLEMENT STATEMENT
Buyer:
Steelfab of Virginia, Inc.
Seller:
Hercules Steel Company, incorporated
JHB,Inc.
MIT, Inc.
Settlement Agent:
Culp Elliott & Carpenter, P.L.L.C.
[phone]
Place of Settlement:
6801 Morrison Blvd., Suite 400
Charlotte, NC 28211
Settlement Date:
October 1, 2021
Property Location:
946 Country Club Dr., 4407 Distribution Dr
three (3) tracts along Distribution Dr. and
one (1) tract along Shaw Mill Rd.
Fayetteville, Cumberland County, NC
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 me in this transaction. I further
certify that I have received a copy of the HUD-1 Settlement Statement.
Steelfab of Virginia, Inc.,
a Virginia corporation
By:_
Name:
Title:
Hercules Steel Company, Incorporated,
a North Carolina corporation
J H B, Inc.,
a North Carolina orporatio
By:
Name:
Title: to
MIT, Inc.,
a North Carolina corporation
By.
Name:
Title:
To the best of my knowledge, the HUD-1 Settlement Statement 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.
Culp Elliott & Carpenter, RL.L.C.
Settlement Agent
WARNING: it is a crime to knowingly make false statements to the United States on this or any similarforrn. Penalties upon conviction can
include a fine and imprisonment. For details see: 'title 18 U.S. Code Section 1001 and Section 1010.
(19189_04-DISTRIBUTIONDR.PFD119189_04-DISTRIBUTiO!