2019 LQ Hospitality Group - Final Supplement & Seller's EstimateFS2566 As of 5/30/2019 3:47:34 PM
Page 1
Four Seasons Escrow, Inc.
78070 Calle Cadiz La Quinta CA 92253
Phone: (760) 564-4044
Fax: (760) 771-2999
Escrow Officer: Veronica Rodriguez
Seller's Settlement Statement - Estimated
Property: A portion of 79523-79567 Highway 111 Closed Date:
La Quinta, CA 92253 Est. Closing Date:
Loan Number:
Seller: City of La Quinta, a California Municipal Corporation Escrow Number:
Purchase Price
Purchase Price
Escrow Charges
Settlement or Closing fee
Wire Fee
Misc. Escrow Fee Repeat Client Courtesy Discount
Title Charges
Owner's Coverage ($1,389,564) to First American Title
Sub -Escrow Fee
Wire Fee
Messenger Fee
Add'I Title Charge -- > Inspection Fee
Additional Settlement Fees
Settlement or closing fee Overnight Mail - if applicable
Property Disclosure Reports to Property ID
Proceeds
Totals:
Debits
$2,100.00
$25.00
$2,918.00
$125.00
$30.00
$20.00
$150.00
$50.00
$89.00
$1, 384,477.00
$1,389,984.00
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6/3/2019
FS2566-VR
Credits
$1,389,564.00
$420.00
$1,389,984.00
This is an estimated closing statement and is subject to changes, corrections or additions at the time of final closing.
City of La Quinta, a Calif nia Municipal Corporation
k J. Spb k
Its: City Ma ger
PHASE SIGN AND RETURN
78070 Calle Cadiz, La Quinta, CA 92253
Phone (760) 564-4044 Fax (760) 771-2999
DATE: May 30, 2019
Escrow Officer: Veronica Rodriguez
Escrow Associate: Leeta Slama
Escrow No.: F32566
Title Officer: Porsha Peterson / Josh Guzman
Title Order No.: 5690514
Title Company: First American Title
Property Address: A portion of 79523-79567 Highway 111, La Quinta, CA 92253
FINAL SUPPLEMENT TO AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY AND
INSTRUCTIONS TO ESCROW DATED JUNE 20, 2018 BY AND BETWEEN LQ Hospitality Group LLC, an
Arizona Limited Liability Company, AS BUYER and City of La Quinta, a California Municipal Corporation, AS
SELLER.
Previous instructions in the above numbered escrow are hereby modified and/or supplemented in the following
particulars only:
Confirmation of Purchase Terms:
MEMO:
CASH DOWN PAYMENT:
TOTAL PURCHASE PRICE:
$ 1,389,564.00
$ 1,389,564.00
BUYER(S) VESTING IS HEREBY AMENDED TO READ AS FOLLOWS: LQ Hospitality Group LLC, an Arizona
Limited Liability Company
ESCROW CLOSE DATE:
Escrow Holder is hereby instructed by Seller and Buyer and that all parties are in agreement, that the close of
escrow date has been amended to June 3, 2019.
ESCROW HOLDER ACKNOWLEDGEMENT:
NHD Report has been provided by Property I.D.
ADJUSTED FEE:
The parties acknowledge that the (SELLER) to this transaction is/are receiving an adjusted fee that may differ from
that of the other party.
NO FIRE INSURANCE:
Escrow holder is instructed NOT to order an evidence of hazard insurance for the subject property as the Buyer will
obtain insurance outside of escrow. Escrow Holder is hereby released and relieved from any and all past, present
and/or future liability and/or responsibility in connection with this instruction and the failure to obtain hazard
insurance in this transaction.
AUTHORIZATION TO CLOSE: The undersigned Buyer(s) and Seller(s) acknowledge full satisfaction and/or waiver
of all contingencies to the close of escrow, and hereby authorize Escrow Holder to close the escrow by recording
all required documents as soon as reasonably possible after the deposit of all necessary funds.
All other terms and conditions remain in FULL force and effect.
Buyer(s) Seller(s)
LQ Hospitality Group LLC, an Arizona Limited Liability, ty of
Company
By: Paul Welker
Its: CEO
Municipal Corporation
SIGN AND RETURN