Preview
FILED: NASSAU COUNTY CLERK 09/19/2023 12:38 PM INDEX NO. 615191/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 09/19/2023
LEVIT{E SINGH, LLP
260 t{. BROADWAY, STE 2A
HTGKSVILLE, NY ll80{
Tt (1471732-42E
SALE CLOSING STATEMENT
\ Title Company:
Adiustments As Of: 9/22/2o2o
Closing Date: e12212020
Closing Location
Premises: 8 LINDEN COURT, HICKSVILLE, NY 11801
Sellerr DANIEL MII.ANO
Purchaser: JOGINDER S BAL AND KARNVEER S BAL
REPRESENTATION
Attorney for Seller: LEVINE SINGH LLP
by: Manjit Singh, Esq.
Attorney for Purchaser: JAY SAHNI, ES
Attorney for Lender: KAPLAN AND KAPLAN PC
Deposit:
General tax (9/22 to t2l3L) s6s7.00
Total Credits to Seller: S 510,6s7.00
Total Credits to Purchaser: S 26,s91.00
BALANCE DUE AND OWING TO SELLER AT CIOSING: S 484,066.00-
Addltlonal Funds due from Seller (expenses):
Levine Singh LLP Sl,2so.oo .
Deed and transfer docs
ACRIS prep
Realtor 1 - Realty connect Usa S17,8so.oo.
realtor 2 - Realty connect Usa 10,200.00.
Transfer taxes S2,04o.oo.
title closer pick up fee
TOTAL
{ 3lritto-
BALANCE PAID AT CTOSING TO SELTER AS FOTLOWS:
FILED: NASSAU COUNTY CLERK 09/19/2023 12:38 PM INDEX NO. 615191/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 09/19/2023
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FILED: NASSAU COUNTY CLERK 09/19/2023 12:38 PM INDEX NO. 615191/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 09/19/2023
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FILED: NASSAU COUNTY CLERK 09/19/2023 12:38 PM INDEX NO. 615191/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 09/19/2023
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Ttc dcr lero1 if rnn irhrdiat I rurvay ?roaption, i6i futb ir . h{l I_Il, !$ rN 3l; d & ar rq. rrt dr.. qi
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S* by a &psaHe had k€d nrint iarycctioa ooepef Arry Umsua by tm"f$aF qf Nffi,
Yo*, if a ticense ir so ruqgirc& The eosrand *rytrr*d sf said i*a uoA dirr i"ry,;d;hrtr
qhry ry.,Uty d cxchsivpfy by hrrfueru Sfrqrdd sucfr lead bsled patnt imeroton fi"d;
0effi&a diqcotr's t€d-qff p** in or ebout ihe Pmmirges, a urirm copy of i*t*d b.r;
shsll be served by Prrchss€trs rryon the atrorncy for ihc Sclkr:s, LEVINE
rylfryq _ry*t
qIN$H,_LLP,?60 Mth tnosdnry, sto 2$ Hiekriltro,-HY I tmr, dttr& rtrery (ZO) daya after
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in frlI forecdo&cr
(c) In qf th* rny had bolcd pdnt i$ fowd u o6enviso diemvored &uigg,
any ld "rery pursryot to peragapn s{qy', tb,$o-trlm s!! not $E1dmd
b0sd p*Ut iropctiom fr
remove c othswise rid &c Premises of srch lead b.sd paint aod &is Contract mA nilcr shal
lqnsio in full forcc and effect-
(O erch{$€r$ hereby *or$t fum $clltr$ of a furEca (14} psgp
EPA Bernphhr onfitted dh,toct ymu Funilyrrom t&adln your ltromeo
(c) $e[Grs ed Prrcbsstr$ hausby ackw@e r€ilfiffi md emcr*isa of t69
ct*chod Tisslot* of h&rmqtiou On Load-Bascd Paisad i*a,B"r"d P.si$ i;;e- fi;*"
5d PROPERTY COND[ilON DISCLOSTIRE ACT: In the evcnt *Bt Sclttr docs not
ryo:ridc frr auv reaum ulha8q€rrrcr a
propefiy co*ditim Disetoswp $trr@ a* dotqlibod
in
ArthlE 14 of tbo New Yo* Rosl Proe#y l^elv, knovm tt tho pmp€rt$ C*ffio" Di*.6; A;;
(fu *Aot') i[ affidaeoc w .ne tte tertrr$ of &e Acg Soltcr ehallghrs Fischssar! qpoo olo*i,qg of
title, a crdit of $5fr).00 ag&st tte sgrced rryon p,urchase p.d* r"t f"rft i"'d"grrph .i-of
thcCom* in ti€u of tIrc Sotlcr p*riaing u," n*rt.*o a" prrp"ry c*a[t.ffi.d;
SAMt ad R$shsscrg q8Fe{E) to aocept euch S500.00 srsdit itr fult ind noO sdi*&ctiou of
stry': obligryp unde rhe Act. seuers and Rnreharrs agroc(e), oot*it@ m
pluvisim of said Act, thst this is sn ,.As Is" salc e&ject only to drc provisiono of par6{efi,
10
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FILED: NASSAU COUNTY CLERK 09/19/2023 12:38 PM INDEX NO. 615191/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 09/19/2023
"30" forth thersin, Ths Furcha$ers hereby agros(s) thnt Purchasers haye
a$ $$t lmsnveive***
obrained a homc inqpection or
house engineering inspcction, or have had the opportunity to obtain one, and are safisfied
widr
any results thereof, or have waived Purchasers right to perform such an inspcction. Furthermore,
Seller and Purchasers also hereby agree(s) that the Purchasers hereby surrende(s), foregdes),
release(s) and otherwise waive(s) any and all rights and obligations oi thc Sellcr and purchasers
under said Act except for the abovementioned credit of $fOO.O0 at the closing of titls to the
premises' Moreover, notwithstanding anything to the contmry contained in connection
with the
Act andlor this Contract of Sale, the Purchasers hereby surrendeds), forego(m), release(s) and
otherwise waive(s) any righ(s), if any, to rescission
lequitable, statutory,.u:**on lawo, legi, or
otherwise ) for any reason whatsoever in connection with and/or relating to the Act. Finall!, it is
understood and agreed tbat th9 three (3) year stahrte of limitation under Lpr-n Zw{z)(appiicable
for actions to recov-er on.a.liability created and/or imposed by statute) shall apply-alone in
connection with and/or relating to this Act, with no other statute of limitations, being'applicable
io the Act' The terms and provisions of this paragraph "54" shall survive closing of tiite to the
Premises.
56. SELLERS' CONCESSION
57. PRIVATE WATIR SYSTEMISUFFOLK COUNTY: Should the residential
dwelling on the prernises beins sold herein be senriced by a privatg water system, the purchaser,
at Purchaser's own cost and experse shall have fifteen (15) days from the date of
this conhct, to
obtain a water $ality tcst from a New York State approved laboratory and a certificate &at
the
unkeated raw water sample conforms to the water quality requirements of potable water
set by
the Sufiiclk County Department of Health Services for ne* residential constnrction. purchaser
agrees to notiS Seller, in writing, within fifteen ( l5) days of the test, should the water
rot meet
the above standards" If Seller is properly and timely nitified that the water does nor meet the
above standards, Seller shall have &e option of either corrccting the coudition or canceling this
contract by refunding the down payment aud neither party shall hru" *y claim against t&e ither.
The Purchaser shall have the option of waiving this condition by executing a waiver to have an
inspection as a prccondition to transfer of title; or, in the event such a test does not mect the
required standards of the Suflblk County Department of Health Services and the seller refuses to
remedy or correct the condition, the Purchaser may cotrsunmate the kansaction notwithstanding
such non-compliance. Nothing contained herein shall be construed a$ an a{firmativi
11
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FILED: NASSAU COUNTY CLERK 09/19/2023 12:38 PM INDEX NO. 615191/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 09/19/2023
reprosentation by the County of Suffolk that sxeouting this waiver mefi$
that the private wat$r
systems serving this residontial dwelling is providing ptable wat6that is safc for consumption.
58. TAX DIFERRBD EXCHANGE: If so elected by the Seller(s), wifiin Seuer(s) sole
and absolute discretion, Seller(s) hereby re$erves &e right to include this"tansaction
as part of
the IRC, Section l03l tax deferred Exchange for the benefits of the Selleds), at ilo cost!
sxp.nse
or liability to Purchaser(s). In such eventn the Purchaser{s) further agrce(s)'to execute any
and all
document (subjea to the reasonable approval of Purchase(s)'-counsel) as are reasonably
nscessaqr in connection therewith, providcd ttrat the Closing of this
transaction for the
conveyancs of Sellede) Premises shall not be contingent upon Jr subject to the
completion of
such exchange. Purchaser(s) understand(s) and acknowledgr(r) tt ne Sette4s) may so elect to
panicipate in a Tax defened exchange progrsrr. Sette4si agree "t ro indlmnifr and hold
Purchaser(s) free and hannles$ for any cost, expense or'liabil'ity, including
attorney,s fees
resulting frorn FurchT:(s) participation in such exchange. Pursuant to Treisury Regulation
Section 1.103(k)-l(gX{v), Seller(s) hereby notifies purchlds} thar as part of Sette(i'
l03l
exchange, Selleds) shall assign the rights, but not the obligations, oi this Conract
to the
intennediary who may effectuate the l0j1 exchange on Seller'sLehalfl tf so elected
by Seller(s),
Buyer(s) hereby acknowlodges receipt of notice olthiqgssjggmenL
59' LITIGATION AND IVAIVER: tn the event otiany Ggal actions and/or proceeding
s (iuoluding, but not- limited to, any counterclaims or .ro*r-.i"i*i) of any kind and/or naturc
hereaftcr commenced! prosecuted and/or defended between any of tl. puri*r hereto arising in
connection with andlor relating to this Conract and Rider for ihe Prenises, each
of the paiies
hereto hereby waive any right(s) to any rial by jury in such action o, pro"""diog.
60' I'R"s. CODE: Sellers and Purchasers shall comply with the real ostate reporting
-Cna"
requirements imposed by section 6045 of the lnternal Revenue of 1986, as amended,and aI
the time of closing willprovideany nCIcessary information and execute any documents,
including
lnY forms required tfreqrl{er for compliance with such section. Purchasers shall be responsiblf
for proceeds of this sale to thi appropriate taxing authorities (including,
ryporting but not limited
to, the lntenral Revenue Service a/k/a the I.R.S.) including thc submission oiForm
1096 and
Form 1099-$ to tre I_R..S., if applicable.
6l' PLAIN ENGLISH: All parties are represented by thcir own individual counsel of
their choosing and they each hereby waive the
irovisions of section 5-702 of the General
Obligations Law of the State of New york.
62' C0NSTRUCTION: This Contract and Rider is intcnded to express the rnutual
intent of both parties hereto and no strict construction rule shall be applied
rg"i*t ei&er party
hereto.
63' ESCR0WEE: Supplementing paragraph 6 of the Conhact, Escrowee shall not be
made a party defendant in any action between thi panies and if Either pafiy
commcnces an action
naming Escrowee as a party defendant, that party shall indemnify *O hotO
trarnrtess Escrowee
LL
Yenion lJLtf
FILED: NASSAU COUNTY CLERK 09/19/2023 12:38 PM INDEX NO. 615191/2023
NYSCEF DOC. NO. 5 RECEIVED NYSCEF: 09/19/2023
ftur.n my M dl sodrl clsim$ rd e*pffisr iaddirg rtnsgflbh ssqrsy*, fffi irurrgd
io
6{. GO}mNIltG I"AWI 1tis Ooo6E0t md ei{sr $hFll be
solety ewff{cd,
md interyrUd in ao $'irh &, faw *tno SmE offfis y,o*.
ooosEuod
,At
13
Vcrios lrl.lt