OMB Approval No.

2502-0265

A. Settlement Statement (HUD-1)

B. Type of Loan

1. FHA 2. RHS 3. Conv. Unins. 6. File Number: 7. Loan Number: 8. Mortgage Insurance Case Number:

4. VA 5. Conv. 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
“(p.o.c.)” were paid outside the closing; they are shown here for informational purposes and are not included in the totals.

D. Name & Address of Borrower: E. Name & Address of Seller: F. Name & Address of Lender:

Marlon Ritchie Los Hermanos Tanner LLC Los Hermanos Tanner LLC
2617 W Ocotillo Rd #4 1030 W 5th Place 1030 W 5th Place
Phoenix AZ 85017 Mesa AZ 85201 Mesa AZ 85201

G. Property Location: H. Settlement Agent: I. Settlement Date:

2617 W Ocotillo Rd #4 Los Hermanos Tanner LLC March 30, 2010

Phoenix AZ 85017
Place of Settlement:
1018 E Guadalupe Rd Tempe AZ 85283

J. Summary of Borrower’s Transaction K. Summary of Seller’s Transaction

100. Gross Amount Due from Borrower 400. Gross Amount Due to Seller

101. Contract sales price $80,000.00 401. Contract sales price $80,000.00
102. Personal property 402. Personal property
103. Settlement charges to borrower (line 1400) $200.00 403.
104. 404.
105. 405.
Adjustment for items paid by seller in advance Adjustment for items paid by seller in advance
106. City/town taxes to 406. City/town taxes to
107. County taxes to 407. County taxes to
108. Assessments to 408. Assessments to
109. 409.
110. 410.
111. 411.
112. 412.
120. Gross Amount Due from Borrower $80,200.00 420. Gross Amount Due to Seller $80,000.00
200. Amount Paid by or in Behalf of Borrower 500. Reductions In Amount Due to seller
201. Deposit or earnest money **Due from tax credit $3,400.00 501. Excess deposit (see instructions)
202. Principal amount of new loan(s) Seller Financed $75,100.00 502. Settlement charges to seller (line 1400) $0.00
203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to
204. 504. Payoff of first mortgage loan
205. 505. Payoff of second mortgage loan
206. 506. Seller Finance Loan $75,100.00
207. 507. Deposit due from Tax Credit $3,400.00
208. 508.
209. 509.
Adjustments for items unpaid by seller Adjustments for items unpaid by seller
210. City/town 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 $78,500.00 520. Total Reduction Amount Due Seller $78,500.00
300. Cash at Settlement from/to Borrower 600. Cash at Settlement to/from Seller
301. Gross amount due from borrower (line 120) $80,200.00 601. Gross amount due to seller (line 420) $80,000.00
302. Less amounts paid by/for borrower (line 220) ( $78,500.00 ) 602. Less reductions in amounts due seller (line 520) ( $78,500.00 )

303. Cash From To Borrower $1,700.00 603. Cash To From Seller $1,500.00

The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and reporting the data. This agency may not
collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. No confidentiality is assured; this disclosure
is mandatory. This is designed to provide the parties to a RESPA covered transaction with information during the settlement process.

Previous edition are obsolete Page 1 of 3 HUD-1

 L. Settlement Charges

700. Total Real Estate Broker Fees

Paid From Paid From
Division of commission (line 700) as follows : Borrower’s Seller’s
Funds at Funds at
701. $ to Settlement Settlement
702. $ to
703. Commission paid at settlement $0.00 $0.00
704.

800. Items Payable in Connection with Loan

801. Our origination charge $ 0.00 (from GFE #1)

802. Your credit or charge (points) for the specific interest rate chosen $ 0.00 (from GFE #2)
803. Your adjusted origination charges (from GFE #A) $0.00
804. Appraisal fee to (from GFE #3) $0.00
805. Credit report to (from GFE #3) $0.00
806. Tax service to (from GFE #3) $0.00
807. Flood certification to (from GFE #3) $0.00
808. Account Servicing Setup $40.00
809. Document Preparation $100.00
810.
811.

900. Items Required by Lender to be Paid in Advance

901. Daily interest charges from to @ $ /day (from GFE #10) $0.00
902. Mortgage insurance premium for months to (from GFE #3) $0.00
903. Homeowner’s insurance for years to (from GFE #11) $0.00
904.

1000. Reserves Deposited with Lender

1001. Initial deposit for your escrow account (from GFE #9) $0.00
1002. Homeowner’s insurance months @ $ per month $
1003. Mortgage insurance months @ $ per month $
1004. Property Taxes months @ $ per month $
1005. months @ $ per month $
1006. months @ $ per month $

1007. Aggregate Adjustment -$

1100. Title Charges

1101. Title services and lender’s title insurance (from GFE #4)
1102. Settlement or closing fee $
1103. Owner’s title insurance (from GFE #5)
1104. Lender’s title insurance $
1105. Lender’s title policy limit $
1106. Owner’s title policy limit $
1107. Agent’s portion of the total title insurance premium to $

1108. Underwriter’s portion of the total title insurance premium to $

1109.

1110.
1111.

1200. Government Recording and Transfer Charges

1201. Government recording charges (from GFE #7)

1202. Deed $ Mortgage $ Release $
1203. Transfer taxes (from GFE #8)
1204. City/County tax/stamps Deed $ Mortgage $
1205. State tax/stamps Deed $ Mortgage $
1206. Recording Fee $60.00

1300. Additional Settlement Charges

1301. Required services that you can shop for (from GFE #6)

1302. $
1303. $

1304.
1305.

1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K) $200.00 $0.00

Previous edition are obsolete Page 2 of 3 HUD-1

 Comparison of Good Faith Estimate (GFE) and HUD-1 Charrges Good Faith Estimate HUD-1

Charges That Cannot Increase HUD-1 Line Number

Our origination charge # 801

Your credit or charge (points) for the specific interest rate chosen # 802

Your adjusted origination charges # 803

Transfer taxes # 1203

Charges That In Total Cannot Increase More Than 10% Good Faith Estimate HUD-1

Government recording charges

# 1201
#
#
#
#

#
#
#
Total
Increase between GFE and HUD-1 Charges $ or %

Charges That Can Change Good Faith Estimate HUD-1

Initial deposit for your escrow account # 1001

Daily interest charges $ /day # 901
Homeowner’s insurance # 903
#
#
#

Loan Terms
Your initial loan amount is $ 75,100.00
Your loan term is 30 years

Your initial interest rate is 3.3338 %

Your initial monthly amount owed for principal, interest, and any $ 330.30 includes
mortgage insurance is
Principal

Interest
Mortgage Insurance

Can your interest rate rise? No Yes, it can rise to a maximum of %. The first change will be on
and can change again every after . Every change date, your
interest rate can increase or decrease by %. Over the life of the loan, your interest rate is
guaranteed to never be lower than % or higher than %.

Even if you make payments on time, can your loan balance rise? No Yes, it can rise to a maximum of $

Even if you make payments on time, can your monthly No Yes, the first increase can be on and the monthly amount
amount owed for principal, interest, and mortgage insurance rise? owed can rise to $ . The maximum it can ever rise to is $ .

Does your loan have a prepayment penalty? No Yes, your maximum prepayment penalty is $

Does your loan have a balloon payment? No Yes, you have a balloon payment of $ due in 7 years
on April 1, 2017 .

Total monthly amount owed including escrow account payments You do not have a monthly escrow payment for items, such as property taxes and
homeowner’s insurance. You must pay these items directly yourself.
You have an additional monthly escrow payment of $
268.70
that results in a total initial monthly amount owed of $
599.00 . This includes
principal, interest, any mortagage insurance and any items checked below:

Property taxes Homeowner’s insurance

Flood insurance HOA dues

Account Servicing

Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form, please contact your lender.

Previous edition are obsolete Page 3 of 3 HUD-1