================================================================================
BARGAIN AND SALE DEED
dated May 5, 1998
from
XXXXX JOINT VENTURE
Grantor
to
WESTERN BEEF RETAIL, INC.
Grantee
================================================================================
Section: 5
Block: 1313
Lot: 1, 14, 19, 26, 89 and 91
County: Kings
Please record and return to:
Xxxxxx Xxxxxxxxxx, Esq.
Salon, Marrow & Xxxxxxx
000 Xxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
BARGAIN AND SALE DEED
THIS INDENTURE, made May 5, 1998 between XXXXX JOINT VENTURE, a New York general
partnership, having an address at 00 Xxxxxx Xxxxxx, Xxxxxxxx, XX 00000
("Grantor"), and WESTERN BEEF RETAIL, INC., a New York corporation, having an
address at 00-00 Xxxxxxxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000 ("Grantee").
WITNESSETH, that Grantor, in consideration of Ten Dollars and other valuable
consideration, the receipt and sufficiency of which hereby are acknowledged,
does hereby grant and release unto Grantee and the legal representatives,
successors and Grantee forever,
ALL those certain plots, pieces or parcels of land, with the buildings and
improvements thereon erected, situate, lying and in the Borough of Brooklyn,
County of Kings, City and State of New York, being more particularly described
in Schedule A attached hereto and made a part hereof,
TOGETHER with all right, title and interest, if any, of Grantor in and to any
streets and roads abutting the above described premises to the center lines
thereof,
TOGETHER with the appurtenances and all the estate and rights of Grantor in and
to said premises,
SUBJECT TO all laws, ordinances and regulations of governmental authorities
affecting said premises; the state of facts a current survey of said premises
would show; and all matters of record.
TO HAVE AND TO HOLD the premises herein granted unto Grantee and the legal
representatives, successors and assigns of Grantee forever.
Grantor is the owner of said premises. Said premises are not located in an
agricultural district.
Grantor covenants that Grantor has not done or suffered anything whereby said
premises have been encumbered in any way whatever, except as set forth herein.
Grantor, in compliance with Section 13 of the Lien Law, covenants that Grantor
will receive the consideration for this conveyance
Bargain and Sale Deed: Page 1
and will hold the right to receive such consideration as a trust fund to be
applied first for the purpose of paying the cost of the improvement before using
any part of the total of the same for any other purpose.
IN WITNESS WHEREOF Grantor has duly executed this deed on the date first above
written.
In the presence of:
XXXXX JOINT VENTURE
By: /s/ Xxxxxxx X. Xxxxx
-------------------------------------
Xxxxxxx X. Xxxxx, General Partner
/s/ Xxxxxx X. Xxxx
---------------------------
Witness
STATE OF NEW YORK)
)ss.:
COUNTY OF NASSAU )
On the 5th day of May, 1998, before me personally came Xxxxxxx X. Xxxxx, to me
known, who, being by me duly sworn, did depose and say that he resides at 0000
Xxxxxx Xxxxx, Xxxxxxxxx 000, Xxxx Xxxxx, Xxxxxxx 00000; that he is a general
partner of XXXXX JOINT VENTURE, the partnership described in and which executed
the foregoing Deed; that he had authority to execute said Deed; and that he
executed said Deed in the name of XXXXX JOINT VENTURE for and on behalf of said
partnership.
/s/ Xxxxxxxx Xxxxxxxxx
----------------------
Notary Public
[NOTARY SEAL]
Bargain and Sale Deed: Page 2
SCHEDULE A TO BARGAIN AND SALE DEED
PARCEL A, BLOCK 1313, LOT 1
ALL that certain plot, piece or parcel of land, with buildings and improvements
thereon erected, situate, lying and being in the Borough of Brooklyn, County of
Kings, City and State of New York, bounded and described as follows:
BEGINNING at the corner formed by the intersection of the northerly side of
Sterling Street with the easterly side of Washington Avenue;
RUNNING THENCE northerly along the easterly side of Xxxxxxxxxx Xxxxxx 00 feet
4-3/4 inches to the easterly side of Franklin Avenue;
THENCE northerly along the easterly side of Franklin Avenue 195 feet 5-3/8
inches to the southerly side of Empire Boulevard;
THENCE easterly along the southerly side of Empire Boulevard 152 feet 4-1/8
inches;
THENCE southerly at right angles to the southerly side of Empire Boulevard part
of the distance through a party wall as set forth in a Party Wall Agreement
between Xxxxx Construction Company Inc. and Fanwood Building Corporation dated
May 12, 1924 and recorded September 19, 1924 in Liber 4445 at Page 269, 200 feet
to the northerly side of Sterling Street;
THENCE westerly along the northerly side of Sterling Street 12 feet 10-1/4
inches to the northwesterly side of lot number 1 as laid down on a certain map
entitled "Map of Lots in Flatbush Kings County New York" belonging to Xxxxxxx
XxXxxxxx & others surveyed by X.X. Xxxxx City Surveyor and filed in the office
of the Register of the County of Kings in December 1868;
THENCE northeasterly along the said northwesterly side of lot number 1 on said
map 31 feet 8-5/8 inches to the northwesterly line of land of heirs of
Xxxxxxxxx;
THENCE northwesterly along said land of the heirs of Xxxxxxxxx 47 feet 8 inches
to the southeasterly line of lot number 23 as laid down on a certain map
entitled "Real Estate", the property of the
Schedule A to Bargain and Sale Deed: Page 1
heirs of Xxxxxx Xxxxxxxxx situate in Flatbush, L.I. surveyed by Xxxxxxx Xxxxxx
Xx., August 1836 and filed in the office of the Register of the County of Kings
on September 2, 1837;
THENCE southwesterly along the southeasterly side of said lot number 23 and
along the southeasterly side of lot 48 as laid down on said last mentioned map
180 feet 10-1/2 inches to the northerly side of Sterling Street;
THENCE westerly along the northerly side of Sterling Street 33 feet 1-3/4 inches
to the corner the point or place of BEGINNING.
SUBJECT to terms, covenants and restrictions contained in the Party Wall
Agreement between Xxxxx Construction Company Inc. and Fanwood Building
Corporation, dated May 12, 1924 and recorded September 19, 1924 in Liber 4445 at
Page 269.
SUBJECT to terms, covenants, restrictions and setbacks contained in deeds
recorded in the office of the Register of the County of Kings in Liber 840 of
conveyances Page 347 and Liber 863 of conveyances Page 138 provided same are in
force and effect.
*****
PARCEL B, BLOCK 1313, LOTS 14, 19 AND 26
ALL that certain plot, piece or parcel of land, with the buildings and
improvements thereon erected, situate, lying and being in the Borough of
Brooklyn, County of Kings, City and State of New York, bounded and described as
follows:
BEGINNING at a point on the southerly side of Empire Boulevard (formerly known
as Xxxxxxx Street) distant four hundred feet westerly from the corner formed by
the intersection of the southerly side of Empire Boulevard with the westerly
side of Bedford Avenue;
BEGINNING THENCE westerly along the southerly side of Empire Boulevard three
hundred and forty feet seven and five-eighths inches to the line of land of the
Xxxxx Construction Co. Inc.
THENCE southerly along the line of land of the Xxxxx Construction Co. Inc. one
hundred feet;
Schedule A to Bargain and Sale Deed: Page 2
THENCE easterly parallel with Empire Boulevard three hundred and forty feet,
seven and five-eighths inches;
THENCE northerly parallel with Bedford Avenue one hundred feet to the southerly
side of Empire Boulevard, the point or place of BEGINNING.
SUBJECT to terms, covenants, restrictions and setback contained in deeds
recorded in the office of the Register of the County of Kings in Liber 840 of
conveyances Page 347 and Liber 863 of conveyances Page 138 provided same are in
force and effect.
*****
PARCEL C, BLOCK 1313, LOT 89
ALL that certain plot, piece or parcel of land, with the buildings and
improvements thereon erected, situate, lying and being in the Borough of
Brooklyn, County of Kings, City and State of New York, and being more
particularly designated as Xxxxxxx 0, Xxxxx 0000, Xxx 89 on the Tax Map of the
City of New York for the Borough of Brooklyn, as said Tax Map was on March 2,
1953.
SUBJECT TO the One Dollar condemnation clause as contained in the deed from the
City of New York to Parbrook Construction Co., Inc., dated February 25, 1967 and
recorded March 7, 1967 in Record Liber 375 at Page 324.
*****
PARCEL D, BLOCK 1313, LOT 91
ALL that certain plot, piece or parcel of land, with the buildings and
improvements thereon erected, situate, lying and being in the Borough of
Brooklyn, County of Kings, City and State of New York, bounded and described as
follows:
BEGINNING at a point on the northerly side of Sterling Street distant 33 feet
1-3/4 inches easterly from the corner formed by the intersection of the
northerly side of Sterling Street with the easterly side of Washington Avenue;
Schedule A to Bargain and Sale Deed: Page 3
RUNNING THENCE northeasterly at an interior angle of 24 degrees 0 minutes 20
seconds with the northerly side of Sterling Street, 180 feet 10-1/2 inches;
THENCE southeasterly at an interior angle with the last course of 89 degrees 17
minutes 40 seconds, 47 feet 8 inches;
THENCE southwesterly at an interior angle with the last course of 136 degrees 56
minutes, 31 feet 8-5/8 inches to the northerly side of Sterling Street;
THENCE westerly along the northerly side of Sterling Street 173 feet 4-3/8
inches to the point or place of BEGINNING.
Schedule A to Bargain and Sale Deed: Page 4
RESUME OF TRANSACTION
On September 1, 0000 Xxxxxxx Xxxx-Xxxxxx Xxxxxxxxx, Inc., as Tenant,
entered into a long term lease agreement with Xxxxx Joint Venture, as Landlord,
for use of the Premises known as 44, 62, 70 and 000 Xxxxxx Xxxxxxxxx, Xxxxxxxx,
Xxx Xxxx, Xxxxx other Standard Commercial leasing provisions, the agreement
between the parties contained a Purchase Option at article 32, page 33, which
provided for Tenant's option to purchase the Premises at various times
throughout the term of the lease. The lease further led that the Landlord would
provide purchase money financing of the entire Purchase Price. The Tenant
pursuant to written notice exercised it's option to purchase the premises in
September of 1997. The Purchase Price was listed in the lease as $2,105,263.16.
Interest on the purchase money loan was listed at six and one quarter (6 1/4%)
percent. The Purchase Price was reduced pursuant to agreement of the Landlord
and Tenant to $2,055,263.16. Said reduction was a result of a verbal agreement
between the principals of the Landlord and Tenant to the effect that the
original Purchase price of $2,105,263.16 was designed to compensate the Landlord
for any capital gains tax that would result from any sale. The true Purchase
price between the parties was $2,000,000.00. The sum of $105,263.16 was the
amount of capital gains tax that the Landlord would be responsible for. The
intention of the parties was to make whole the Landlord if such taxes were to be
incurred. This agreement was a verbal agreement of the parties negotiated by the
Landlord just prior to execution of the lease. Nowhere in the lease is this
agreement provided for, however, counsels' notes of the agreement and early
drafts of the lease show the originally contemplated Purchase price of
$2,000,000.00. Tenant accepted this agreement since Landlord would be providing
100% purchase money financing (which results in savings to Tenant as a result of
not having to pay typical Bank lending fees) and as result of the favorable
interest rate. However, on or about June of 1997, the New York State Capital
Gains Tax ("Cuomo Tax") was repealed and no longer a cost to Landlord. As a
result, Tenant, as Purchaser, negotiated the current Purchase Price of
$2,055,263.16. The tenant, Western Beef-Empire Boulevard, Inc. assigned its
interest in and to the purchase option to a newly formed related entity called
Western Beef Retail, Inc. Western Beef Retail, Inc. is the current holding
corporation for all of western Beef, Inc.'s Real Estate holdings. Closing took
place on May 5, 1998 at 10 A.M. at the offices of Landlord, (Sellers) counsel
Kleiger & Kleiger 00 Xxxxxxxxxx Xxxx, Xxxxx Xxxx, Xxx Xxxx 00000. Tenant,
(Purchaser) was represented by Xxxxxx Xxxxxxxxxx of Salon, Marrow & Xxxxxxx,
LLP, 000 Xxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000. The specific
closing costs of the transaction are set forth in the enclosed closing
statement.
PURCHASER'S CLOSING STATEMENT
Purchaser : Western Beef-Retail, Inc.
00-00 Xxxxxxxxxxxx Xxxxxx
Xxxxxxxxx, Xxx Xxxx 00000
Seller : Xxxxx Joint Venture
00 Xxxxxx Xxxxxx
Xxxxxxxx, Xxx Xxxx 00000
Premises Purchased : Real Property and all buildings located at 44,
62, 70 and 000 Xxxxxx Xxxxxxxxx, Xxxxxxxx, Xxx Xxxx 00000
and 23 and 00 Xxxxxxxx Xxxxxx, Xxxxxxxx, Xxx Xxxx 00000,
known as Section 5; Block 1313; lots 1, 14, 19, 26, 89
and 91 on the Kings County Land and Tax Maps.
Purchase Price : $2,055,263.16
Mortgagee : Seller Xxxxx Joint Venture
Terms of Mortgage : l00% purchase money financing at 6 1/4% amortized and
self liquidated over 15 years (180) consecutive monthly
payments.
Title Company : Chicago Title Insurance Co.
1211 Avenue of the Americas
New York, New York
Attendance at
Closing : - Seller, Xxxxx Joint Venture, by: Xxxxxxx X. Xxxxx,
General Partner;
- Seller's Counsel by: Kleiger & Kleiger
- Messrs. Xxxxxx Xxxxxxx and Xxxxxxx Xxxxxxxx
- Purchaser, Western Beef-Empire Boulevard, Inc.,
by: Xxxxx Xxxxxxxxxx, Xx., President;
- Xxxxx Xxxxxxxxxx, Secretary;
- Purchaser's Counsel, by: Salon, Marrow & Xxxxxxx, LLP,
by: Xxxxxx Xxxxxxxxxx, Esq.;
- Chicago Title Insurarance Company.
[LETTERHEAD OF SALON, MARROW & XXXXXXX, LLP]
Xxx Xxxxxxxxxx Xxx 00, 0000
Xxxxxxx Beef, Inc.
00-00 Xxxxxxxxxxxx Xxxxxx
Xxxxxxxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxxxxxx
Re: Empire Boulevard Note payments
Dear Santino:
The Empire Boulevard note is payable as follows:
Term: Fifteen (15) Years
Total Number of Payments: One Hundred Eighty (180)
Amount of Note: $2,055,263.16
Monthly Payment: $17,622.30
SPECIAL NOTE: (A) On June 1, 1998 an interest only payment of $9,502.07 is due
for the period May 5, 1998 (closing date) through May 31, 1998.
(B) Commencing July 1, 1998 monthly payments of $17,622.30 shall be payable the
first day of each and every month through to June 1, 2013 at which time the loan
will have be paid full.
Very truly yours,
/s/ Xxxxxx Xxxxxxxxxx
Xxxxxx Xxxxxxxxxx
WB-EMPIRE BLVD. EB260000
CLOSING STATEMENT SUMMARY
XXXXX JOINT VENTURE - PROPERTY
5/4/98
EXPENSES
RENT 5/1-4/98 1,612.90
WATER 6,925.04
WATER 954.15
DIF. ON REFUND (1,841.08)
---------
TOTAL 7,651.01
=========
SEC DEP. 9/94 25,000.00
---------
REFUND 5/4/98 17,348.99
=========
PROPERTY COSTS:
MORTGAGE NOTE-XXXXX JOINT VENTURE 2,055,263.16
MISCELLANEOUS TITLE COSTS 12,443.00
MORTGAGE RECORDING TAX 56,519.74
------------
TOTAL ACQUISITION COST 2,124,225.90
============
ALLOCATION:
LAND 20% 424,845.18
BUILDING 80% 1,699,380.72
------------
TOTAL 2,124,225.90
============
EMPIRE BLVD.
Compound Period .........: Monthly
Nominal Annual Rate .....: 6.250 %
Effective Annual Rate ...: 6.432 %
Periodic Rate ...........: 0.5208 %
Daily Rate ..............: 0.01712%
CASH FLOW DATA
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Event Start Date Amount Number Period End Date
--------------------------------------------------------------------------------
1 Loan 05/05/1998 2,055,263.16 1
2 Payment 06/01/1998 9,502.07 1
3 Payment 07/01/1998 17,622.30 180 Monthly 06/01/2013
AMORTIZATION SCHEDULE - Normal Amortization
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Date Payment Interest Principal Balance
------------------------------------------------------------------------------------------
Loan 05/05/1998 2,055,263.16
1 06/01/1998 9,502.07 9,502.08 0.01- 2,055,263.17
2 07/01/1998 17,622.30 10,704.50 6,917.80 2,048,345.37
3 08/01/1998 17,622.30 10,668.47 6,953.83 2,041,391.54
4 09/01/1998 17,622.30 10,632.25 6,990.05 2,034,401.49
5 10/01/1998 17,622.30 10,595.85 7,026.45 2,027,375.04
6 11/01/1998 17,622.30 10,559.25 7,063.05 2,020,311.99
7 12/01/1998 17,622.30 10,522.46 7,099.84 2,013,212.15
1998 Totals 115,235.87 73,184.86 42,051.01
8 01/01/1999 17,622.30 10,485.49 7,136.81 2,006,075.34
9 02/01/1999 17,622.30 10,448.31 7,173.99 1,998,901.35
10 03/01/1999 17,622.30 10,410.95 7,211.35 1,991,690.00
11 04/01/1999 17,622.30 10,373.39 7,248.91 1,984,441.09
12 05/01/1999 17,622.30 10,335.64 7,286.66 1,977,154.43
13 06/01/1999 17,622.30 10,297.68 7,324.62 1,969,829.81
14 07/01/1999 17,622.30 10,259.54 7,362.76 1,962,467.05
15 08/01/1999 17,622.30 10,221.19 7,401.11 1,955,065.94
16 09/01/1999 17,622.30 10,182.64 7,439.66 1,947,626.28
17 10/01/1999 17,622.30 10,143.89 7,478.41 1,940,147.87
18 11/01/1999 17,622.30 10,104.94 7,517.36 1,932,630.51
19 12/01/1999 17,622.30 10,065.79 7,556.51 1,925,074.00
1999 Totals 211,467.60 123,329.45 88,138.15
20 01/01/2000 17,622.30 10,026.43 7,595.87 1,917,478.13
21 02/01/2000 17,622.30 9,986.87 7,635.43 1,909,842.70
22 03/01/2000 17,622.30 9,947.10 7,675.20 1,902,167.50
23 04/01/2000 17,622.30 9,907.13 7,715.17 1,894,452.33
24 05/01/2000 17,622.30 9,866.94 7,755.36 1,886,696.97
25 06/01/2000 17,622.30 9,826.55 7,795.75 1,878,901.22
26 07/01/2000 17,622.30 9,785.95 7,836.35 1,871,064.87
EMPIRE BLVD.
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Date Payment Interest Principal Balance
------------------------------------------------------------------------------------------
27 08/01/2000 17,622.30 9,745.13 7,877.17 1,863,187.70
28 09/01/2000 17,622.30 9,704.11 7,918.19 1,855,269.51
29 10/01/2000 17,622.30 9,662.87 7,959.43 1,847,310.08
30 11/01/2000 17,622.30 9,621.41 8,000.89 1,839,309.19
31 12/01/2000 17,622.30 9,579.74 8,042.56 1,831,266.63
2000 Totals 211,467.60 117,660.23 93,807.37
32 01/01/2001 17,622.30 9,537.85 8,084.45 1,823,182.18
33 02101/2001 17,622.30 9,495.75 8,126.55 1,815,055.63
34 03/01/2001 17,622.30 9,453.42 8,168.88 1,806,886.75
35 04/01/2001 17,622.30 9,410.87 8,211.43 1,798,675.32
36 05/01/2001 17,622.30 9,368.11 8,254.19 1,790,421.13
37 06/01/2001 17,622.30 9,325.11 8,297.19 1,782,123.94
38 07/01/2001 17,622.30 9,281.90 8,340.40 1,773,783.54
39 08/01/2001 17,622.30 9,238.46 8,383.84 1,765,399.70
40 09/01/2001 17,622.30 9,194.79 8,427.51 1,756,972.19
41 10/01/2001 17,622.30 9,150.90 8,471.40 1,748,500.79
42 11/01/2001 17,622.30 9,106.78 8,515.52 1,739,985.27
43 12/01/2001 17,622.30 9,062.43 8,559.87 1,731,425.40
2001 Totals 211,467.60 111,626.37 99,841.23
44 01/01/2002 17,622.30 9,017.85 8,604.45 1,722,820.95
45 02/01/2002 17,622.30 8,973.03 8,649.27 1,714,171.68
46 03/01/2002 17,622.30 8,927.98 8,694.32 1,705,477.36
47 04/01/2002 17,622.30 8,882.70 8,739.60 1,696,737.76
48 05/01/2002 17,622.30 8,837.18 8,785.12 1,687,952.64
49 06/01/2002 17,622.30 8,791.42 8,830.88 1,679,121.76
50 07/01/2002 17,622.30 8,745.43 8,876.87 1,670,244.89
51 08/01/2002 17,622.30 8,699.20 8,923.10 1,661,321.79
52 09/01/2002 17,622.30 8,652.72 8,969.58 1,652,352.21
53 10/01/2002 17,622.30 8,606.01 9,016.29 1,643,335.92
54 11/01/2002 17,622.30 8,559.05 9,063.25 1,634,272.67
55 12/01/2002 17,622.30 8,511.84 9,110.46 1,625,162.21
2002 Totals 211,467.60 105,204.41 106,263.19
56 01/01/2003 17,622.30 8,464.39 9,157.91 1,616,004.30
57 02/01/2003 17,622.30 8,416.69 9,205.61 1,606,798.69
58 03/01/2003 17,622.30 8,368.75 9,253.55 1,597,545.14
59 04/01/2003 17,622.30 8,320.55 9,301.75 1,588,243.39
60 05/01/2003 17,622.30 8,272.11 9,350.19 1,578,893.20
61 06/01/2003 17,622.30 8,223.41 9,398.89 1,569,494.31
62 07/01/2003 17,622.30 8,174.45 9,447.85 1,560,046.46
63 08/01/2003 17,622.30 8,125.25 9,497.05 1,550,549.41
64 09/01/2003 17,622.30 8,075.78 9,546.52 1,541,002.89
65 10/01/2003 17,622.30 8,026.06 9,596.24 1,531,406.65
66 11/01/2003 17,622.30 7,976.08 9,646.22 1,521,760.43
67 12/01/2003 17,622.30 7,925.84 9,696.46 1,512,063.97
2003 Totals 211,467.60 98,369.36 113,098.24
EMPIRE BLVD.
------------------------------------------------------------------------------------------
Date Payment Interest Principal Balance
------------------------------------------------------------------------------------------
68 01/01/2004 17,622.30 7,875.34 9,746.96 1,502,317.01
69 02/01/2004 17,622.30 7,824.57 9,797.73 1,492,519.28
70 03/01/2004 17,622.30 7,773.54 9,848.76 1,482,670.52
71 04/01/2004 17,622.30 7,722.25 9,900.05 1,472,770.47
72 05/01/2004 17,622.30 7,670.68 9,951.62 1,462,818.85
73 06/01/2004 17,622.30 7,618.85 10,003.45 1,452,815.40
74 07/01/2004 17,622.30 7,566.75 10,055.55 1,442,759.85
75 08/01/2004 17,622.30 7,514.38 10,107.92 1,432,651.93
76 09/01/2004 17,622.30 7,461.73 10,160.57 1,422,491.36
77 10/01/2004 17,622.30 7,408.81 10,213.49 1,412,277.87
78 11/01/2004 17,622.30 7,355.62 10,266.68 1,402,011.19
79 12/01/2004 17,622.30 7,302.15 10,320.15 1,391,691.04
2004 Totals 211,467.60 91,094.67 120,372.93
80 01/01/2005 17,622.30 7,248.39 10,373.91 1,381,317.13
81 02/01/2005 17,622.30 7,194.36 10,427.94 1,370,889.19
82 03/01/2005 17,622.30 7,140.05 10,482.25 1,360,406.94
83 04/01/2005 17,622.30 7,085.46 10,536.84 1,349,870.10
84 05/01/2005 17,622.30 7,030.58 10,591.72 1,339,278.38
85 06/01/2005 17,622.30 6,975.41 10,646.89 1,328,631.49
86 07/01/2005 17,622.30 6,919.96 10,702.34 1,317,929.15
87 08/01/2005 17,622.30 6,864.22 10,758.08 1,307,171.07
88 09/01/2005 17,622.30 6,808.19 10,814.11 1,296,356.96
89 10/01/2005 17,622.30 6,751.86 10,870.44 1,285,486.52
90 11/01/2005 17,622.30 6,695.25 10,927.05 1,274,559.47
91 12/01/2005 17,622.30 6,638.33 10,983.97 1,263,575.50
2005 Totals 211,467.60 83,352.06 128,115.54
92 01/01/2006 17,622.30 6,581.13 11,041.17 1,252,534.33
93 02/01/2006 17,622.30 6,523.62 11,098.68 1,241,435.65
94 03/01/2006 17,622.30 6,465.81 11,156.49 1,230,279.16
95 04/01/2006 17,622.30 6,407.71 11,214.59 1,219,064.57
96 05/01/2006 17,622.30 6,349.30 11,273.00 1,207,791.57
97 06/01/2006 17,622.30 6,290.58 11,331.72 1,196,459.85
98 07/01/2006 17,622.30 6,231.56 11,390.74 1,185,069.11
99 08/01/2006 17,622.30 6,172.24 11,450.06 1,173,619.05
100 09/01/2006 17,622.30 6,112.60 11,509.70 1,162,109.35
101 10/01/2006 17,622.30 6,052.66 11,569.64 1,150,539.71
102 11/01/2006 17,622.30 5,992.40 11,629.90 1,138,909.81
103 12/01/2006 17,622.30 5,931.83 11,690.47 1,127,219.34
2006 Totals 211,467.60 75,111.44 136,356.16
104 01/01/2007 17,622.30 5,870.94 11,751.36 1,115,467.98
105 02/01/2007 17,622.30 5,809.73 11,812.57 1,103,655.41
106 03/01/2007 17,622.30 5,748.21 11,874.09 1,091,781.32
107 04/01/2007 17,622.30 5,686.36 11,935.94 1,079,845.38
108 05/01/2007 17,622.30 5,624.20 11,998.10 1,067,847.28
109 06/01/2007 17,622.30 5,561.71 12,060.59 1,055,786.69
EMPIRE BLVD
------------------------------------------------------------------------------------------
Date Payment Interest Principal Balance
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110 07/01/2007 17,622.30 5,498.89 12,123.41 1,043,663.28
111 08/01/2007 17,622.30 5,435.75 12,186.55 1,031,476.73
112 09/01/2007 17,622.30 5,372.28 12,250.02 1,019,226.71
113 10/01/2007 17,622.30 5,308.48 12,313.82 1,006,912.89
114 11/01/2007 17,622.30 5,244.34 12,377.96 994,534.93
115 12/01/2007 17,622.30 5,179.87 12,442.43 982,092.50
2007 Totals 211,467.60 66,340.76 145,126.84
116 01/01/2008 17,622.30 5,115.07 12,507.23 969,585.27
117 02/01/2008 17,622.30 5,049.93 12,572.37 957,012.90
118 03/01/2008 17,622.30 4,984.44 12,637.86 944,375.04
119 04/01/2008 17,622.30 4,918.62 12,703.68 931,671.36
120 05/01/2008 17,622.30 4,852.46 12,769.84 918,901.52
121 06/01/2008 17,622.30 4,785.95 12,836.35 906,065.17
122 07/01/2008 17,622.30 4,719.09 12,903.21 893,161.96
123 08/01/2008 17,622.30 4,651.89 12,970.41 880,191.55
124 09/01/2008 17,622.30 4,584.33 13,037.97 867,153.58
125 10/01/2008 17,622.30 4,516.43 13,105.87 854,047.71
126 11/01/2008 17,622.30 4,448.17 13,174.13 840,873.58
127 12/01/2008 17,622.30 4,379.55 13,242.75 827,630.83
2008 Totals 211,467.60 57,005.93 154,461.67
128 01/01/2009 17,622.30 4,310.58 13,311.72 814,319.11
129 02/01/2009 17,622.30 4,241.25 13,381.05 800,938.06
130 03/01/2009 17,622.30 4,171.55 13,450.75 787,487.31
131 04/01/2009 17,622.30 4,101.50 13,520.80 773,966.51
132 05/01/2009 17,622.30 4,031.08 13,591.22 760,375.29
133 06/01/2009 17,622.30 3,960.29 13,662.01 746,713.28
134 07/01/2009 17,622.30 3,889.13 13,733.17 732,980.11
135 08/01/2009 17,622.30 3,817.61 13,804.69 719,175.42
136 09/01/2009 17,622.30 3,745.71 13,876.59 705,298.83
137 10/01/2009 17,622.30 3,673.43 13,948.87 691,349.96
138 11/01/2009 17,622.30 3,600.78 14,021.52 677,328.44
139 12/01/2009 17,622.30 3,527.75 14,094.55 663,233.89
2009 Totals 211,467.60 47,070.66 164,396.94
140 01/01/2010 17,622.30 3,454.34 14,167.96 649,065.93
141 02/01/2010 17,622.30 3,380.55 14,241.75 634,824.18
142 03/01/2010 17,622.30 3,306.38 14,315.92 620,508.26
143 04/01/2010 17,622.30 3,231.82 14,390.48 606,117.78
144 05/01/2010 17,622.30 3,156.87 14,465.43 591,652.35
145 06/01/2010 17,622.30 3,081.52 14,540.78 577,111.57
146 07/01/2010 17,622.30 3,005.79 14,616.51 562,495.06
147 08/01/2010 17,622.30 2,929.66 14,692.64 547,802.42
148 09/01/2010 17,622.30 2,853.14 14,769.16 533,033.26
149 10/01/2010 17,622.30 2,776.22 14,846.08 518,187.18
150 11/01/2010 17,622.30 2,698.89 14,923.41 503,263.77
151 12/01/2010 17,622.30 2,621.17 15,001.13 488,262.64
EMPIRE BLVD.
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Date Payment Interest Principal Balance
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2010 Totals 211,467.60 36,496.35 174,971.25
152 01/01/2011 17,622.30 2,543.04 15,079.26 473,183.38
153 02/01/2011 17,622.30 2,464.50 15,157.80 458,025.58
154 03/01/2011 17,622.30 2,385.55 15,236.75 442,788.83
155 04/01/2011 17,622.30 2,306.19 15,316.11 427,472.72
156 05/01/2011 17,622.30 2,226.42 15,395.88 412,076.84
157 06/01/2011 17,622.30 2,146.23 15,476.07 396,600.77
158 07/01/2011 17,622.30 2,065.63 15,556.67 381,044.10
159 08/01/2011 17,622.30 1,984.61 15,637.69 365,406.41
160 09/01/2011 17,622.30 1,903.16 15,719.14 349,687.27
161 10/01/2011 17,622.30 1,821.29 15,801.01 333,886.26
162 11/01/2011 17,622.30 1,738.99 15,883.31 318,002.95
163 12/01/2011 17,622.30 1,656.27 15,966.03 302,036.92
2011 Totals 211,467.60 25,241.88 186,225.72
164 01/01/2012 17,622.30 1,573.11 16,049.19 285,987.73
165 02/01/2012 17,622.30 1,489.52 16,132.78 269,854.95
166 03/01/2012 17,622.30 1,405.50 16,216.80 253,638.15
167 04/01/2012 17,622.30 1,321.03 16,301.27 237,336.88
168 05/01/2012 17,622.30 1,236.13 16,386.17 220,950.71
169 06/01/2012 17,622.30 1,150.79 16,471.51 204,479.20
170 07/01/2012 17,622.30 1,065.00 16,557.30 187,921.90
171 08/01/2012 17,622.30 978.76 16,643.54 171,278.36
172 09/01/2012 17,622.30 892.08 16,730.22 154,548.14
173 10/01/2012 17,622.30 804.94 16,817.36 137,730.78
174 11/01/2012 17,622.30 717.35 16,904.95 120,825.83
175 12/01/2012 17,622.30 629.30 16,993.00 103,832.83
2012 Totals 211,467.60 13,263.51 198,204.09
176 01/01/2013 17,622.30 540.80 17,081.50 86,751.33
177 02/01/2013 17,622.30 451.83 17,170.47 69,580.86
178 03/01/2013 17,622.30 362.40 17,259.90 52,320.96
179 04/01/2013 17,622.30 272.51 17,349.79 34,971.17
180 05/01/2013 17,622.30 182.14 17,440.16 17,531.01
181 06/01/2013 17,622.30 91.29 17,531.01 0.00
2013 Totals 105,733.80 1,900.97 103,832.83
Grand Totals 3,181,516.07 1,126,252.91 2,055,263.16
