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Home My WebLink About982482.tiff RESOLUTION RE: APPROVE PARTIAL RELEASE OF DEED OF TRUST AND AUTHORIZE CHAIR TO SIGN - MARY PAIZ AND JOSE ROYBAL WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and pursuant to Colorado statute and previous official actions, sits ex-officio as the Weld County Housing Authority Board, and WHEREAS, the Board has been presented with a Partial Release of Deed of Trust, to release Lots 12 and 13, Block 80, Town of Hudson, Colorado, from a Deed of Trust executed by Mary E. Paiz and Jose Roybal on December 23, 1997, in favor of the Weld County Housing Authority Board, and WHEREAS, said Deed of Trust was executed to act as collateral to secure a Promissory Note in the amount of$25,555.00 executed by Ms. Paiz and Mr. Roybal on December 23, 1997, in favor of the Weld County Housing Authority Board, with a remaining balance of$24,098.13 as of December 31, 1998, and WHEREAS, said Partial Release is being requested by Ms. Paiz and Mr. Roybal, because they have sold said lots for the sum of$20,000.00, and of said sum, $13,049.42 shall be paid to the Weld County Housing Authority, with the remainder of said Promissory Note remaining in place, and WHEREAS, after review, the Board deems it advisable to approve said Partial Release of Deed of Trust. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, ex-officio Housing Authority Board, that the Partial Release of Deed of Trust, to release Lots 12 and 13, Block 80, Town of Hudson, Colorado, from a Deed of Trust executed by Mary E. Paiz and Jose Roybal on December 23, 1997, in favor of the Weld County Housing Authority Board, be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Weld County Housing Authority be, and hereby is, directed to apply the proceeds received from the sale in the sum of$13,049.42 to the remaining balance of said Promissory Note of$24,098.13 as of December 31, 1998. BE IT FURTHER RESOLVED by the Board that it hereby affirms and declares that the sale of said Lots 12 and 13, Block 80, Town of Hudson, shall not trigger the "due and payable" clause set forth in Paragraph 1, Part B of said Promissory Note, and the remaining terms and conditions set forth in said Promissory Note shall remain in effect regardless of the approval of the Partial Release and acceptance of$13,049.42 set forth herein. BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized to sign said Partial Release of Deed of Trust. dd NA 982482 HA0018 RE: PARTIAL RELEASE OF DEED OF TRUST - MARY PAIZ AND JOSE ROYBAL PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 23rd day of December, A.D., 1998. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: EXCUSED ALMh' c r % Constance L. Harbert, Chair Weld County Clerk to t B. ' 1 � IIi 1 ( C � t W. H Webster, Pro-Tern BY: Deputy Clerk to the �.i f'127-7" j� Gene E. Baxter PR.0f. AS FORM: ae Hall cunt •ttorrey EXCUSED Barbara J. Kirkmeyer 982482 HA0018 Dec. 23. 1998 8:25AM FAHTCO NORTHGLENN No. 1980 P. 1/1 First American Heritage Title Co 1000 Centre Avenue Fort Collins, CO 80526 PHONE: (970) 493-3051 FAX: (970) 224-2177 SELLERS SETTLEMENT STATEMENT PREPARED POE: HUT REALTY PROPERTY ADDRESS: (TEA) CASH NO.: LR69271B98 HUDSON, COLORADO SELLER: MARY PAIZ AND JOSE ROYBAL PURCHASER: SOTERO RETINA AND MARIA RETINA LEGAL DESETTLESSC�PTDION: LOT 12E6 22 13, BLOCK 80 1998 DATE OP PRORATION: DECEMBER 22, 1998 COUNTY OF WELD STATE OF COLORADO DESCRIPTION DEBIT CREDIT 1. SELLING PRICE 2. OWNER'S POLICY $ $ 20,000.00 3. TAXES FOR CURRENT YEAR 355 DAYS AT $ .1480 173.00 4. CLOSING FEE TO FIRST AMERICAN. 52.58 5. BROKER'S COMMISSION ® 6.004 75.00 6. FIRST DEED OF TRUST PAYOFF TO COMMERCIAL FED 5,300.00 7. SECOND DEED OF TRUST PAYOFF TO WELD COUNTY 3,049.42 8- COMMERICAL FEDERAL RELEASE FE 13,049.42 150,00 Sub-Totals Balance due to Seller $ a0,000.00 $ 20,000.00 TOTALS $ $ 20,000.00 $ 20,000.00 APPROVED AND ACCEPTED Sales or use taxes on personal property not included. FIRST AMERICAN HERITAGE TITLE CO assumes no responsibility for the adjustment of special taxes or assessments unless they are shown on the Treasurer's Certificate of Taxes Due. The condition of title to the property is to be determined by reference to the title evidence provide investigation. The above statement of settlement is p a by Seller or by personal aprove shown above and Escrow Holder is hereby authorized to disburs as of easTrusteee date funds as indicated. Seller E10.,�Gaaa---,, Mary Pa /( Broker/Agent ,.m. pc. v Rapp salt Seller �+�.� (' Jose oybal -- Closing Agee First American He rage Title Co Post-it'Faz Nale 7871 Dale p � F To` From tom. to — i�►` r_ P6omk) Phone F"f 31G-3sa-634 Fax* FIl, CRO21IIE y8:(/8A Dec. 22. 1998 2:23PM FAHTCO NORTIELEtIN No, 1041 P. 2/2 PARTIAL RELEASE OF DEED OF TRUST DATE: Grantor Mary E. Pair and Jose Roybal Original Beneficiary Weld County Housing Authority Date of Deed of Trust: December 10, 1997 Recording Date: December 29, 1997 County Weld Reception No. 2586513 ,and/or Book No. Page TO THE P1JUC TRU3TEE OF THE City and COUNTY OF weld • Please execute this release, as the indebtedness has been partially paid and/or the terms and conditions of she trust have been partially satisfied. Current Beneficiary Weld County Housing Authority By (Title) _ (Title) - State of )ss. County of The foregoing request for release was acknowledged before me this day of ,19 ,by and as of Witness my hand and official seal. My commission expires: (SEAL) NOTARY PUBLIC KNOW ALL MEN, that the above referenced Grantor(s), conveyed certain real property described in the above referenced Deed of Trust, to the above referenced Public Trustee, in the State of Colorado to be held in trust to secure the payment of the indebtedness referred to therein. WHEREAS,the indebtedness secured by the Deed of Trust has been fully or partially paid and/or the purpose of the Deed of Trust has been fully satisfied as set forth in the written request of the current owner and holder of the said indebtedness. NOW THEREFORB, at the written request of the legal holder of the said indebted- ness, and in consideration of the premises and the payment of the statutory sum, receipt of which is hereby acknowledged. I, as the Public Trustee in the County first referenced above, do hereby remise, release and quitclaim unto the present owner or owners of said real property, and unto the heirs, successors and assigns of such owner or owners forever, all the right, title and interest which 1 have under and by virtue of the aforesaid Deed of Trust in the real estate described therein,and more particularly described as follows: Lots 12 and 13, Block 80, Town of Hudson, County of Weld, State of Colorado. TO HAVE AND TO HOLD THE SAME, with all the privileges and appurtenances thereunto belonging for- ever; and further I do hereby and absolutely release. canal and forever discharge said Deed of Trust. PUILIC TRUSTEE STATE OF )ss. COUNTY OF ) The Foregoing release of Deed of Trust was acknowledged before me this day of ,19 .by as the,_ Public Trustee of the County of Colorado. Witness my hand and official seal. My commission expires: [SEAL] NOTARY PUBLIC DQADm all,a Ut69711afa 9Y12 WELD COUNTY HOUSING AUTHORITY 01 tt###ttt#ttttit#tt######t#t##t##t#tits#tit##tttttttt#t#t#tt##ttttt3ttttt#t#silttKttt#tttt IM tit#t#tittttttttt#ttttttttttttittbtt LOANHP17.401 LOANLEDGER 09663706 #tttttttsttttttta sst#tttttittttttisttttstiMi t414tt#assists#asst#tttttttt#tit #ttittitits#t#s hitst##tttittitttt#tttttttttttt# Account Name PAIL, NARY E. Note/Maturity Date 12/10/97 01/01/13 01/01/13 Address 801- ND AVE. Date Assigned PO BOX 179 City/St/tap HUDSON CO 80b42 Date Purchased Home Phone (303) 536-4948 Assigned to (303) 536-4948 LOAN MONTHLY Purchased From MONTHLY Amount Financed $25,555.00 Principal Purch. $25,555.00 $25,555.00 Finance Charge $6,211.06 Price Paid $25,555.00 $25,555.00 Total Payments $31,766.06 Tax ID* 524424530 $31,766.06 Number of Payments 180 Rate 3.0000 3.0000 _ Amount of Pymt $176.47 Daily 0.008287 0.008287 Late Charge: $10.00 Other Phone (000) 000-0000 Collateral Type: HOUSE PAYMENT SCHEDULE Date Paid Amount Late NSF Interest Prin Prin Received To Received Charge Paid Charge Applied Balance IMP 1 IMP 2 IMP 3 IMP 4 IMP 5 12110/97 12110/97 $25,555.00 01/03/98 01/01/98 176.31 50.93 125.48 $25,429.52 02/03/98 02101/98 176.48 65.33 111.15 $25,318.37 03/10/98 03/01/98 176.48 73.44 103.04 $25,215.33 :�, ),`� r.r'�` . I: .> 04/07198 04/01/98 176.48 58.51 117.97 $25,097.36 _ / -I .:5:,1 9 . 4_ T 05/02/98 05/01/98 176.48 52.00 124.48 $24,972.88 _ .._.. . _ 06/03/98 06/01/98 176.48 66.23 110.25 $24,862.63 i 07/07/98 07/01/98 300.00 70.05 229.95 $24,632.69 !.tt ' I , /9 ~-5 . ) r 08/07/98 08/01/98 176.48 u3.28 113.20 $24,519.46 09/04/98 09/01/98 176.49 56.90 119.58 $24,399.90 10/07/98 10/01/99 176.47 66.73 109.74 $24.290.16 11/05/98 11/01/99 176.48 58.38 118.10 $24,172.06 t� 41 10/07/98 10/01/98 176.48- 58.3B- 118.10- $24.290.16 --)7172-sSilow> Trite. Shard— e_ eok .5 H e-60 1:we Ns ot.c 12/16/98 11/01/98 176.47 10.00 140.91 25.56 $24,264.60 ,69 ill '>v" ' 12/16/98 12/01/98 176.47 10.00 166.47 $24,099.13 STATISTICS: 1998 Accrued To Last Today This Year Overall Next Due 01/01/99 Principal Balance $24,098.13 Principal Paid $1,456.87 $1,456.87 Unpaid Late Chrges 0.00 0.00 Late Charges Paid $20.00 $20.00 Unpaid NSF Charges 0.00 0.00 NSF Charges Paid 0.00 0.00 Interest Unpaid 0.00 311.98 Interest Paid $764.21 $764.21 Payment's/ Due 0.00 Total $2,241.08 $2.241.D8 Payoff Today $24,110.11 i2-22-1998 14:15:11 by 3eorge 9. V8 Hello