- 25 -
Buyer Seller Others Total
Settlement charges to buyer-0- -0- $1,794.25 $1,794.25
Amount due less loans$-21,544.25-0- -0- -21,544.25
Builder fee 26,832.80 -0- -0- 26,832.80
Rent advance 12,075 -0- -0- 12,075.00
Rental deficit contribution67,643.00 -0- -0- 67,643.00
Other credits 7,325.00 -0- -0- 7,325.00
Settlement charges to seller -0--0- 6,026.94 6,026.94
Amount due seller __________ $274,697.26 ________ 274,697.26
92,331.55 274,697.267,821.19 374,850.00
EMI assigned to CSL its interest in each of the
promissory notes and related deeds of trust that had been
issued by EA 83-XII in connection with its purchase of
the seven houses from Fox & Jacobs, Inc. EMI made the
assignment in an Assignment of Deed of Trust dated
March 31, 1983. In the same instrument, CSL further
assigned its interest as holder of each promissory note
under the related deed of trust to National Bank of
Washington. Thus, shortly after EA 83-XII purchased the
subject properties from Fox & Jacobs, National Bank of
Washington purchased the promissory notes that EA 83-XII
had issued to EMI. Ultimately, Westinghouse Credit Corp.
acquired the deeds of trust related to the seven houses.
Purchase of 39 Condominium Units in Paseos Castellanos
EPIC executed a Residential Rental Purchase Agreement
(rental purchase agreement) dated December 22, 1982, under
which it agreed to purchase 39 condominium units located
in the Paseos Castellanos condominium complex in Miami,
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