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Date : 24-Jul-95 Time : 02 : 10 PM <br /> S E L L E R (S) F I N A L C L O S I N G S T A T E M E N T <br /> ------------------------------------------------------- <br /> Prepared by <br /> STEWART TITLE OF ASPEN, INC. <br /> 620 East Hopkins <br /> Aspen, CO 81611 <br /> (303) 925-3577 <br /> Seller (s) . . . . . : MID-CONTINENT RESOURCES, INC. , <br /> Buyer(s) . . . . . . : THE UNITED STATES OF AMERICA <br /> Lender. . . . . . . . . <br /> Property. . . . . . : Lot PR 6-11-88 32-10-88 &25 & 36-10-89 <br /> Closing date . . : 07/24/1995 Proration date : 07/24/1995 <br /> File Number. . . : 00021495 <br /> --------------------------------------------------------- <br /> DEBIT CREDIT <br /> SALES PRICE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............ ----391, 895 . 54 <br /> DEPOSITS : Criack (--a /wc2 <br /> Additional deposit . . . . . of 7-XX-?-J91?.r . . . . . . . . . . . . . 27, 895 .54 <br /> COMMISSIONS: <br /> Listing Broker commission. . . . . . . . . . . . . . . . . . . . . . . . 17, 395 . 60 <br /> PAYEE. . . : WESTERN LAND GROUP <br /> ESCROW CHARGES : <br /> Real Estate Closing fee. . . . . . . . . . . . . . . . . . . . . . . . . . 250 . 00 <br /> PAYEE. . . : STEWART TITLE OF ASPEN, INC. <br /> Realestate tax escrow. . . . . . . . . . . . . . . . . . . . . . . . . . . 500 . 00 <br /> PAYEE. . . : MID-CONTINENT RESOURCES HITB <br /> STEWART TITLE <br /> Escrow fee for taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 . 00 <br /> PAYEE. . . : STEWART TITLE OF ASPEN, INC. <br /> TITLE CHARGES : <br /> Owner' s Title Policy. . . . . . . . . . . . . . . . . 1, 111 . 00 <br /> Liability amount (OTP) $391, 895. 54 <br /> PAYEE. . . : STEWART TITLE OF ASPEN, INC. <br /> Tax Certificate . . . . . . • • . <br /> 10 . 00 <br /> PAYEE. . . : STEWART TITLE OF ASPEN, INC. <br /> MISCELLANEOUS CHARGES : <br /> Past due taxes . . . . . . 5, 603 .44 <br /> PAYEE. . . : PITKIN COUNTY TREASURER <br /> . .SUBTOTALS : 52, 865 . 58 391, 895 . 54 <br /> • • • • • • • • • • • • • • • • • • . . . . . . . . .BALANCE DUE TO SELLER: 339, 029 . 96 <br /> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .TOTALS : 391, 895 . 54 391, 895 . 54 <br /> ---------------------------------------- ------------ <br /> My signature hereon acknowledges approval of tax prorations, and <br /> signifies my understanding that prorations were based on figures for <br /> preceding year, or estimates for current year, and in event of any <br /> change for current year, all necessary adjustments must be made <br /> between Seller and Purchaser direct according to the Real Estate Tax <br /> Agreement executed herewith; likewise any DEFICIT in delinquent taxes <br /> will be reimbursed to Title Company by the Seller. The undersigned <br /> further acknowledges the above information was assembled from sources <br /> other than this company and therefore, this company cannot guarantee <br /> the accuracy thereof . Interest on existing liens is figured to the <br /> date indicated and additional interest may have to be collected, <br /> if necessary, to secure release from the lienholder. <br /> We approve the foregoing settlement statement, in its entirety, <br /> authorize payments in accordance therewith and acknowledge receipt of <br /> a copy thereof . <br /> Jr N <br /> yc� Page : 1 <br />