Picard.pdf

Peyton M Picard, Petitioner V Township Of Kasson, Respondent · 25-003512-TT

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GRETCHEN WHITMER 

. RECEIVED 

“AUG 04 2025 

MICHIGAN TAX TRIBUNAL 

STATE OF MICHIGAN 

GOVERNOR 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON 1. BROWN, DPA 

LANSING 

DIRECTOR 

PROPERTY TAX APPEAL PETITION FORM 

VALUATION / EXEMPTION / CLASSIFICATION APPEAL 

Do not use this form to appeal Principal Residence Exemption, Qualified Agricultural Exemption, Special Assessment, or 

Non-Property tax disputes, 

submit this document, you may be held in default. 

Pursuant to Michigan Tax Tribunal Rule (TTR) 279, you MUST submit a copy of the notice giving rise to the appeal 

(e.g. Board of Review Decision or Notice of Uncapping) with this Small Claims Petition, If applicable. If you do not 

Section 1: Petitioner’s Contact Information 

First Name 

ML 

Last Name/Company Name 

PEYTON 

M 

PICARD 

Mailing Address {No., Street, P.O. Box or Rural Route) 

9499 S NASH RD 

City or Town 

State 

ZIP Code 

MAPLE CITY 

Mi 

49664 

Telephone Number 23 1 -645-4084 

PEYTON.PICARD@NETWORKPARTNERS.COM 

E-mail Address (do not enter uniess you want MTT to send alt correspondence via e-mail) 

Section 2: Petitioner’s Attorney/Authorized Representative’s Contact Information 

First Name 

[LEN 

Last Name 

EVAN 

D 

ROHRBACK 

Firm 

Ni 

{Hi 

mene 

VERSATILE MORTGAGE LLC 

Mailing Address {No., Street, P.O. Box or Rural Route} 

810 S GARFIELD AVE, STE A 

City or Town 

State 

ZIP Code 

TRAVERSE CITY 

MI 

49686 

repens mtr 231-946-2202 X101 

EVAN@VERSATILEMORTGAGELLC.COM 

Email Address (do not enter unless you want MTT to send all correspondence via email) 

Section 3: Subject Property Information 

How many 

If you are appealing more than one parcel, are they contiguous or adjoining? 

parcels are you 

Yes* 

No** 

appealing? 

*Hf yes, use a muitiple parcet form for information regarding any contiguous parcels, 

**If no, you must file separate appeals for each non-contiguous or non-adjoining parcel or you will be defaulted. 

Property Address {No., Street, City, ST, ZIP) 

[If multiple, list first property's address] 

9499 S NASH RD, MAPLE CITY, Mi 49664

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Section 4: Issues Being Appealed (check 

al that apply) 

[8 True Cash and Taxable Value 

O Poverty Exemption 

[J] Taxable Value Only (catcutation) 

[]] Disabled Veterans Exemption 

0 Uncapping of Taxable Value 

[3 Eligible Manufacturing Personal Property (ESA) 

[J Exemption from Taxation (other than the denial of a 

O Classification 

Principal Residence or Qualified Agricultural Exemption) 

Section 5: Explain the Reason for this Appeal 

PLEASE SEE ADDENDUM #1 (ATTACHED) 

Section 6: Jurisdictional Issues 

Year(s) you are appealing: 

2025 

Did you protest the assessment at a Board of Review (BOR)? 

Yes 

[mm] No 

if Yes, check which BOR you attended AND attach the BOR decision: 

March 

|] July 

0 December 

if No, check the applicable reason(s): 

[| Not required to attend 

Assessment Change Notice was not received by Petitioner 

O Appealing a purported Clerical Error or Mutual Mistake of Fact (if yes, include explanation in Section 5) 

[I Appealing within 35 days of State Tax Commission Order

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Section 7: Valuation Information *use the multiple parce! form for additional, contiguous parcels. 

Parcel Identification Number: 

45-007-010-012-00 

Classification of Property: 

Real 

Personal 

(check one) 

Agricultural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utility 

{check one) 

v 

Current Assessed Vaiue (aiso known as Rd 

Value) as established by the BOR: 

$159,400 

Current Taxable Value as established by the BOR: 

$159,400 

What do you believe is the fair market value (also known as True Cash Vaiue)? 

$255,900 

Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value. 

$127,950 

If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value. 

N/A 

Section 8: Classification Information *Only the MI Dep’t of Treasury may appeal this issue to the Tribunat* 

Parcel Identification Number: 

45-007-010-012-00 

Current Classification of Property as established by Board of Review: 

Real 

Personal 

{check one) 

Agricultural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utility 

(check one) 

What do you believe is the property's classification? 

Real 

Personal 

(check one) 

Agricultural 

Commercial 

Industrial 

Residential 

Timber-Cutover 

Developmental 

Utility 

(check one) 

If improved property, how Is the properly currently being used? 

N/A 

If improved property, for what use was the property designed? 

N/A

STATE OF MICHIGAN 

GRETCHEN WHITMER 

DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS 

MARLON I. BROWN, DPA 

GOVERNOR 

LANSING 

DIRECTOR 

Fee Information 

Does the subject property have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition? 

Yes 

[] No 

Are you appealing ONLY the denial of a Poverty Exemption or Disabled Veterans Exemption? 

0 ves 

No 

If you answered yes to either or both of the above questions, you are not required to pay any filing fees. 

The filing fee is based on the greater of the State Equalized Value or Taxable Value in contention. 

If you are appealing more than one 

parcel, the parcel with the highest State Equalized Value or Taxable Value in contention will be used to determine your filing fee, ptus 

$25.00 will be added for each additional parce! being appealed, not to exceed a total filing fee of $1,000. 

If your property is residential property (see MCL 205.762) and 

the State Equalized Value or Taxable Value in contention is: 

Filing Fee is: 

$100,000.00 and under 

$125.00 

$100,000.01 to $500,000.00 

$200.00 

$Over $500,000.00 

$300.00 

If your property is NOT residential property (see MCL 205.762) and 

the State Equalized Value or Taxable Value in contention is: 

Filling Fee is: 

$100,000.00 and under 

$250.00 

* Plus $25.00 for each additional parcel, as indicated above. 

If your property is 

NOT residential property and the State Equalized Value or Taxable Value in contention is $100,000.01 or greater the 

appeal does not qualify for Small Claims. Therefore, an Entire Tribunal petition must be filed. 

Signature required 

Petitioner or Attorney/Authorized Represenlative’s Signature: EVAN 

D ] RO H RBAC K 

Isi

03/13/2025 02:06 

PM 

2025 BOARD OF REVIEW DECISION 

FROM 

KASSON TOWNSHIP 

JULIE XKROMBEEN, ASSESSOR 

3900 S TOWNLINE RD 

CEDAR, M1 49621 

NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL: 

PROPERTY IDENTIFICATION: (Parcel Code required. Property address 

and legal description optional.): 

45-007-010-012-00 

9499 S NASH RD 

PICARD PEYTON & ANKERSON ISAE 

FT RAD CRV TO LEFT (CHORD=N 00 DEG 20' 31" W 85.01 

9499 S NASH RD 

FT) THN 01 DEG 47 30" W 271.49 FT CONT ALG SD C/L. 

MAPLE CITY MI 49664 

NASH RD THNLY 41.52 FT CONT ALG SD C/L NASH RD 

ALG ARC OF 2744.15 FT RAD CRV TO RIGHT (CHORD=N 01 

DEG 02' 30" W 41.52 FT) TH S 85 DEG 09' 19" E 1136.14 FT TC 

SD N-S 1/4 LN TH S 01 DEG 35' 25" W 406.65 FT ALG SD N-8 

"HIS PROPERTY 1S CLASSIFIED AS 

401 

(RESIDENTIAL-IMPROVED) 

Thank you for attending this years March Board of Review. The Board has reviewed the information you supplied and the data necessary 

to compute your assessment and taxable value. 

The Board has completed their review of parcel number 45-007-010-012-00 

They have made the following determination based on the information you supplied. 

Board of Review Comments: 

UNIFORMLY ASSESSED 

| 2025 

ORIGINAL ASSESSED VALUE 

159,400 

| 

[2025 "BOARD OF REVIEW" ASSESSED VALUE 

159,400 

(If the above amounts are the same, no revisions have occured) 

2025 

ORIGINAL TAXABLE VALUE 

159,400 

2025 

"BOARD OF REVIEW" TAXABLE VALUE 

159,400 

2025 PRINCIPAL RESIDENCE EXEMPTION/QUALIFIED AG 

100.0000 

Please feel free to contact the assessor at the address listed above or call if you have any questions. 

“Effective March 1, 2013, the Tribunal is no longer able to accept Small Claims letter appeals. Rather, you are required to file a petition to 

initiate a new Small Claims appeal. Petition forms are available on this website.” 

http://www.michigan.gov/taxtrib/0,4677,7-187-38254---,00.htmi

MAR 

0 8 2025 

Metvaan Departmont of Treasury 

/ 

G10 (Rev, 11-12) 

i 

Petition to Board of Review 

L-4035 

This form is issued under the authonly of P.A. 206 of 1893, is amended. 

Filing is voluntary, however you may not appeal to the Michigan Tox Tribunal 

{i 

or the State Tax Commission unless you first protest Lo the Board of Revie. 

TO BE COMPLETED BY OWNER OR OWNER'S AGENT 

Qaner's Name (Please Punt of Type) 

Pottoner's Namo 

(If Other than Owner, Please Peat or Type) 

i 

| 

PICARD PEYTON & ANKERSON ISABELLA 

| 

! 

Toanship or City. 

County 

| 

9499 S NASH RD, MAPLE CITY, MI 49664 

LEELANAU 

on 

The undersigned protests the assessed value andlor the tentative laxable value and/or the property classification andlor the qualified 

agricultural property exemption of the following described property: 

[Proparty Itent fied (Parcel codu required. Propoity adéeass & logal doscrption optional) 

| 

| 

45-007-010-012-00 

| 

9499 S NASH RD, MAPLE CITY, MI 49664 

Protested Item 

[X] Assessed Value 

Tenlalive Taxable Value 

[| Classification 

[| Qualified Agricultural 

1 

Properly Exemption 

| 

1. PROTEST OF ASSESSMENT 

{Comolele this secon for a protest of assessed value and/or lentalive taxable value) 

| 

- 

—- 

RG 

PEFIPTETR06 

he 

me 

SSRs 

m———=] 

! 

Assessed Amount 

One's Estmale of Truo Gach Veluo 

| Tentativa Taxable Veluo 

[vear 

| 

$159,400 

| $255,900 

$159,400 

| 

2025 

| 

2. PROTEST OF CLASSIFICATION 

(Complete this section for a request lo change the classificaton, The Board of Review must make their decision regarding classification in 

accordance wilh Section 211.34c of the Michigan Compiled Laws. The Board of Raview shall not be influenced by tha effect that a parlicular 

dassification has on (hat proparty’s status as a homeownor's principal residence or qualified agricultural properly.) 

| Classification of property on this year's assessment 107 

| 

Classification shoud bo (chack one af tho folowing) 

- 

- 

lm 

(=) Agricultural 

] Industrial 

[Hl] Timber Culover 

|] utly (Personal Property Only) 

| 

|] commercial 

[7] Residential 

| 

| Developmental 

| 

3, PROTEST OF EXEMPTION FOR QUALIFIED AGRICULTURAL PROPERTY 

(If the assessor has denied or changed the percentage of the exemption from the 18 mills of lacal school operating tax for qualified agacultural 

property, the awner may appeal this action lo the March Board of Review. THE BOARD OF REVIEW HAS NO AUTHORITY TO CONSIDER OR ACT 

UPON THE EXEMPTION FROM THE 18 SCHOOL OPERATING MILLS FOR HOMEOWNERS PRINCIPAL RESIDENCE PROPERTIE! 

Roan. quakfed agaculiural oxemplion granted by assessor (Enter 0 if exenption 

dened) 

fccnt qualified agricultural ecm pion requested by cwner (Enter 107 1 full 

| 

exemption requested) 

4. REASON FOR PROTEST 

Bn 

So 

Stato mason(s) for prolost of assessed value andor tho lantativa lasabla valua and/or classification andlor qual fiat agricultural proparty ovempton 

SEE ADDENDUM 

1 & ATTACHED DOCUMENTATION 

1 

{ 

CERTIFICATION 

Slt

Form 618, Page 2 

FOR BOARD OF REVIEW USE ONLY 

INSTRUCTIONS: Incorporate a copy of this form and the assigned number in the Board of Review minutes. 

O0F- 0/0 OIA 

1 DD 

Petition Number 

# 

Parcel Code 

1. ASSESSED VALUE 

Dispogilion by Board of Review. The Board of Review must (re easonorisactonbeloni) 

Denied 

[| Assessed Value Changed From 

to 

| 

Record of vote - Board or three member committee of board 

Chairperson: [Yes [INo ba 

Member: [es [Jno Zz 

Member: [ ] Yes [No 

Reason for board a $2 

) 6a Borneatiy AY 

If you disagree wilh the decision of the 

Board of Review regarding lenlative assessed value, you may appeal that decision by filing a petition with the 

Michigan Tax Tribunal al P.O. Box 30232, Lansing, Ml 48909, Commercial Real, Industrial Real, Developmental Real, Commercial Personal, 

Industrial Personal and Ulility Personal Properly may be appealed by May 31. Agricultural Real, Residential Real, Timber-Cutover Roal and Agricultural 

Personal Property may be appealed by July 31. The petition must be filed on a Michigan Tax Tribunal form or a form approved by the Michigan Tax 

Tribunal. Michigan Tax Tribunal forms are available at www.michigan.gov/taxlrib. 

2. TENTATIVE TAXABLE VALUE 

Disposition by Board of Review. The Board of Review must state the reason for its action below. 

[ 

]Denied 

[| Tentative Taxable Value Changed From 

to 

Record of vole - Board or three member committee of board 

Chairperson: [| Yes 

[|] No 

Member: [ 

| Yes 

[| No 

Member: [_] Yes 

[J No 

Initials 

Initials 

Initials 

Reason for board action 

If you disagree with the decision of the Board of Review regarding tentative laxable value, you may appeal that decision by filing a pelition with the 

Michigan Tax Tribunal at P.O. Box 30232, Lansing, MI 48909. Commercial Real, Industrial Real, Developmental Real, Commercial Personal, 

Industrial Personal and Ulility Personal Property may be appealed by May 31. 

Agricultural Real, Residential Real, Timber-Cutover Real and 

Agricultural Personal Property may be appealed by July 31. The petition must be filed on a Michigan Tax Tribunal form or a form approved by the 

Michigan Tax Tribunal. Michigan Tax Tribunal forms are available at wvav.michigan.gov/taxtrib. 

3. CLASSIFICATION 

Disposition by Board of Review. The Board of Review must state the reason for its action below. 

[ 

JDenied 

[|] Classification Changed From 

to 

Record of vote - Board or three member committee of board 

Chairperson: [_] Yes 

[| No 

Member: [| Yes 

[ 

[No 

or 

Member: [Yes [No 

“initials 

Initials 

Reason for board action 

If you disagree with the decision of the Board of Review regarding classification, you may appeal by sending Form 2167 to the State Tax Commission 

at P.O. Box 30471, Lansing, MI 48909 by June 30. 

4. QUALIFIED AGRICULTURAL PROPERTY EXEMPTION 

Disposition by Board of Review. The Board of Review must stale the reason for its action below. 

[7 Exemption Request Denied 

] Exemption percent modified from 

% to 

% 

Record of vote - Board or three member committee of board 

Chairperson: [| Yes 

[| No 

Member: [| Yes 

[|] No 

Member: [| Yes 

[| No

prt 

THIS 

IS NOT A TAX BILL 

1.-4400 

Notice of Assessment, Taxable Valuation, and Property Classification 

a 

This form Is issuéd under the authority of P.A. 20 of 1883, Sec 211.24 (c) and Sec 241 Hc, as smonded 

This Is a motel assossmant notice lo bo used by ta focal 93508501. 

FROM KASSON TOWNSHIP 

PARCEL IDENTIFICATION 

JULIE KROMBEEN, ASSESSOR 

PARGEL NUMBER: 

45-007-010-012:00 

3900 8 TOWNLINE RD 

CEDAR, MI 49621 

PROPERTY ADDRESS: 

9498 S NASH RD 

MAPLE CITY, MI 49664 

PRINCIPAL RESIDENCE EXEMPTION 

OWNER'S NAME & ADDRESS/PERSON NAMED ON ASSESSMENT ROLL 

0s 

% Exempt As “Homeowners Principal Residence” 

100.00% 

$1404 

P AUTOS BADEGIT 49614 

% Exempt As "Qualified Agricultural Property": 

-00% 

PICARD PEYTON % ANKERSON ISABELLA 

% Exempt As "MBT Industrial Parsonal”; 

00% 

MAPLE CITY, 

MI 49664-9746 

% Exempt As “IMBY Commercial Personal” 

00% 

CER ETT 

HOTTER HA 

ATP 

THI 

Exompt As “Qualified Forest Property™ 

[] Yes 

No 

Exempt As “Development Property: 

Yes 

[X] 

No 

LEGAL DESCRIPTION: 

PT OF SE 1/4 OF NW 1/4 SEC 10 COM N 1/4 COR SD SEC THS 01 DEG 35' 25" W 2204.70 FT ALG N-S 1/4 LN SD SEC TO POB 

THN 84 DEG 37' 19" W 1115.50 FT TO C/L NASH RD TH NWLY 85.02 FT ALG SD C/L NASH RD TH ALG ARC OF 1680 FT RAD CRV 

TO LEFT (CHORD=N 00 DEG 20'31" W 85.01 FT) TH N 01 DEG 47' 30" 

W 271.49 FT CONT ALG SD C/L NASH RD TH NLY 41,62 FT 

CONT ALG SD G/L NASH RD ALG ARC OF 2744.15 FT RAD CRV TO RIGHT (CHORD=N 01 DEG 02' 30" W 41.52 FT) TH S 85 DEG 

| 

09'19" E 1136.14 FT TO SD N-S 1/4 LN TH S 01 DEG 35' 25" W 406.65 FT ALG SD N-S 1/4 LN TO POB (AJKIA PARCEL B) SEC 10 

ACCORDING TO MCL 211.34¢ THIS PROPERTY IS CLASSIFIED AS: 

401 

Residential 

PRIOR YEAR'S CLASSIFICATION: 

401 

Residential 

The change in faxable value will increase/decrease your tax bill for the 2025 

PRIOR AMGUNT 

CURRENT 

CHANGE FROM 

1 

TENTATIVE AMOUNT 

RTH 

year by approximalely: 

$1256 

YEAR 

2024 

YEAR: 

2026 

PANE 

1. TAXABLE VALUE: 

856,915 

159,400 

73.485 

2, ASSESSED VALUE: 

, 

155,100 

159,400 

4,300 

3. TENTATIVE EQUALIZATION FACTOR: 

1.000 

4. STATE EQUALIZED VALUE (SEV): 

155,100 

5. There WAS or WAS NOT a transfer of ownership on this property in2024 

WAS 

6. Assessor Change Reason: 

159,400 

4,300 

The 2025 Inflation rate Multiplier is: 1,031 

Questions regarding the Notice of Assessment, Taxable Valuation, and Property Classification may be directed to the Following: 

Name. 

Phone: 

Emall Addiass: 

JULIE KROMBEEN 

(231) 667-0570 

KASSON.ASSESSOR@GMAIL.COM 

March Board of Review Appeal Information. The board of review will meet at the following dates and times:

REE 

Ta 

2 

BA TTR 

Nt 

1008 a, gman of cas. 

“THIS 

IS NOT A TAX BILL 

L-4460 

Notice of Assess sment, Taxable Valuation, and Property 

Cl 

Lo on is issuod under tho authority oP. A, 2000 oes, Sec, 211.24 (c) snd Sac.211.340, 08 on. a This Is a modef perty 

¢ lassification 

” 

f\Sson TOWNSHIP 

PARCEL IDENTIFICATION 

N, ASSESSOR 

3900 S TOWNLINE Hb 

oR 

PARCEL NUMBER: 

45.007-010:012:30 

CEDAR, MI 49621 

) 

PROPERTY ADDRESS: 

S'NASH RD 

MAPLE CITY, MI 49664 

OWNER'S NAME & ADDRESS/PERSON NAMED ON ASSESSMENT ROLL: 

PRINCIPAL RESIDENCE EXEMPTION 

Tm 

pn 

gy 

“4 Exempt As “Homoowriers Principal Residence" 

100.0% 

Le asevepyrgnes- brérr 49614 

Nn 

' 

: 

* Exampt:As "Qualified Agricultural Proporty": 

00% 

 950"°5 EEYTON & ANKERSON: ISABELLA# 

«oro: 

Shp As "HBT duit 

Parional® 

++: 

+r 00%. 

MAPLE CITY, MI 49664-9746 

§ 

% Expmpt 

As TMB Commarcial 

Pos 

CL 

0% 

tefl Iti plaiglebl ie Jo) 

Exempt As “Quid Forest Propot 

Ves 

[d No 

Exempt 

As "Dovalopment Property”: 

[Yes 

[X No 

LEGAL DESCRIPTION: 

PT OF SE 

1/4 OF NW. 14 SEC 10 COM AT N 1/4 COR SD’ SEC TH S 01 DEG 3525" W ALG N-S 114 LN 1798.06 FT TOPOB THN 95 

DEG tin) 1136.14 FT TO G/L NASH.RD TH NLY 161,23 ET ALG SD'CIL, & ARC OF 2744.15 ‘ET RAD CRV TO RIGHT (CHORD-N 

00'DEG 58'14".E 151.22 FT) TH'S 86 DEG 2740" E. 416,60 

N'01'DEG 3525" E'300.00 FT. TON 

:N TH'S'86:DEG 3819" E 

ALGN1/8 LN 719.95 FT 

TONS 1/4 LN TH § 01 DEG 3525" 

WALG N-$ 1/4 LN 478.66 FT TO POR’ 

PARCEL €) SECi10; T28N 

R13W 9.05 A MIL 2008 SPLIT FROM 007:010.012-00 INTO 007-010-012-20, 007-010:012-30, 007-010-012-40 WITH REMAINIG 

* 

ACCORDING TO MCL 211.34¢ THIS PROPERTY IS CLASSIFIED'AS! 027 

‘Residential’ 

PRIOR YEAR'S CLASSIFICATION: 

402 

Residential 

; 

K 

The change in taxable value will increaseldecrease your tox bill for the 2025 

PRIOR AMOUNT N 

CURRENT 

vo 

CHANGE FROM™ 

year by-approximately: 

$318 

YEAR: 

2024 

TEE As 

CURRENT YEAR 

4. TAXABLE VALUE: 

36,376 

55,000 

) 

18,624 

2. ASSESSED VALUE! 

56,500 

55,000] 

UU 

Uii500 

3. TENTATIVE EQUALIZATION FACTOR: 

1.000 

4. STATE EQUALIZEDVALUE (SEV): 

56,500 

5. There. WAS or WAS. NOT a transfer of ownership on this propery. in2024 

WAS 

6. Assessor Change Reason: 

The 2025 Inflation vate Muitiplier 

i is: 1.031 

. 

i 

Questions regarding the Notice of Assessmait, Taxable Valuation] and-Proparty Classification may be directed to the Following: * 

Nome! 

To 

Phone! 

. 

Erol Address: 

JULIE KROMBEEN 

(231) 667-0570 

 KASSON.ASSESSOR@GMAIL 

COM 

g 

March Board of Review Appeal Information. The board of review will mast at the following dates: ane times:

Re: PICARD PEYTON & ANKERSON ISABELLA 

PROPERTY ID: 45-007-010-012-00 

ADDENDUM #1 

Property sale occurred 02/13/2024, by way of an arm’s length transaction, including two 

different tax IDs (45-007-010-012-00 & 45-007-010-012-30) for a collective purchase price 

of $365,900. Both tax IDs can be found and are included in the associated documents. 

Please note that this property was originally offered for sale in July 2023 and experienced 

multiple price reductions and unsuccessful purchase attempts by other parties (for 

reasons unknown) until the current owners completed their purchase in February 2024 

(more than 6 months beyond original listing date which was VERY uncommon for the 

region’s market at the time.) 

“Assessed Value” cannot exceed 50% of “Market Value” and “Taxable Value” cannot exceed 

“Assessed Value” (MCL 211.27) 

Therefore, both Assessed and Taxable Value for property tax ID ending in -00 should be 

revised to $127,950 based upon the sale price. Under no circumstances could value be 

determined that would exceed the actual price paid of $365,900 ($182,950 sev) and only 

then, without Bonafide data that would not undermine and/or influence the practice of 

“following sales”. Calculation utilized is outlined below: 

Property tax ID 45-007-010-012-30 {adjoining vacant land parcel) Assessed & Taxable Value 

of $55,000 * 2 = $110,000 

$365,900 {purchase price) - $110,00 (true cash value of prop tax ID ending in -30) = 

$255,900 

$255,900 (estimated true cash value of prop tax ID ending in -00) / 2 or 50% = $127,950 

$127,950 (requested, revised assessed & taxable value of prop tax ID ending in -00)

7/28/25, 2:38 PM 

Michigan property value determination 

ChatGPT 

v 

Login 

How is actual market value determined in the state of 

Michigan for real property? 

In Michigan, "actual market value" (also called True Cash Value, or TCV) for real property 

is based on the fair market value - the 

wikipedia 

Investopedia. 

#£» How Market Value (TCV) Is Determined 

Michigan assessors estimate TCV using one or more of the following standard appraisal 

approaches: 

- 

Sales Comparison Approach: This 

is the primary method for residential properties. 

The assessor analyzes recent comparable sales in the area, adjusting for differences in 

features like size, age, location, condition, amenities, etc. 

~~ 

asios +2 

. 

+ 

Cost Approach: Used especially for new or unique properties-it calculates 

replacement cost minus depreciation plus the land value 

 investopedgia +1 

. 

+ 

Income Capitalization Approach: Applied primarily for income-producing properties 

-a 

value is derived from expected income streams, discounted to present value 

Wikipedia +1 

. 

Appraisers may use all three and weigh which most accurately reflects the fair market 

value.

dotloop signature verification: dtlp.us/ZnDN-kkiS-fySs 

Aspire North. 

BUY SELL AGREEMENT 

REALTORS® 

OFFER DATE: 01/16/2024 

até 

OAMEPM 

Selling Broker: The Mitten Real Estate Group 

Listing Broker: coldwell Banker Schmidt Realtors 

Selling Agent: Tj Shimek 

Listing Agent: Kurt Hubschneider 

Email: 

tj@teamshimek.com 

Email: 

kurt.hubschneider1@chgreatlakes.com 

Phone: 

2316451351 

Phone: 

231-929-2300 

1. AGENCY CONFIRMATION: Buyer and Seller each acknowledge receipt of an Agency Disclosure Form. The 

Selling Agent is acting as[Z] Buyer's Agent[JAgent/Subagent of the Seller [JDual Agent[[]Other 

2. BUYER: The undersigned Buyer(s)Isabella Rose Ankerson and Peyton Maxwell Picard 

(Buyer's Legal Name(s)) 

agrees to purchase the following described Property 

3. REAL PROPERTY: Full Property Address: 9499 South Nash Road, Maple City, MI 49664 

Described as located in the[[] 

City []Village [/] Township of Kasson 

County of Leelanau County 

State of Michigan. MLS # 1913464 

Tax No.(s): 007-010-012-00 

Legal Description: 

PT OF SE 1/4 OF NW 1/4 SEC 10 COM N 1/4 COR SD SEC TH S 01 DEG 35' 25" 

W 2204.70 FT ALG N-S 1/4 LN SD SEC TO POB TH N 84 

DEG 37 19" W 1115.50 FT TO C/L NASH RD TH NWLY 85.02 FT ALG SD C/L NASH RD TH ALG ARC OF 1680 FT RA 

Owned by: Piatt 

Hereafter referred to as the Property. 

4. PRICE: The Purchase Price shall be $350,000 

three hundred fifty thousand 

5. TERMS: The sale of the Property shall be consummated by delivery of 

a Warranty Deed or owner financing 

conveying marketable title upon compliance with subparagraph A 

below: 

JA. CASH SALE: Payment of full Purchase Price. 

1B. NEW MORTGAGE: Payment of the full Purchase Price, contingent upon Buyer's ability to obtain, at 

Buyer's own expense a Conventional 

mortgage loan in the amount of TBD 

. Buyer 

agrees to make formal application for this mortgage within five (5) calendar days of the Effective Date 

of this Agreement and provide written notice to Listing Agent upon request. 

[JC. OWNER FINANCING: See Owner Financing Addendum 

6. EARNEST MONEY: Evidencing Buyer's good faith, Buyer deposits $3,000 

(“Earnest Money") 

[Jwhich has been collected[f]to be collected within 2 

days of the Effective Date and to be held by

dotloop signature verification: «iti. 

5200 

7. FIXTURES & IMPROVEMENTS: Sale to include all buildings and structures, improvements, carpeting, 

attached blinds and curtain rods, screens, storm sash and doors, shrubbery, built-in kitchen appliances, TV 

antenna, bathroom mirrors, plumbing and lighting fixtures, water softener (unless rented), fences, garage door 

openers (with transmitters), heating and air conditioning equipment, if any, now on the Property. 

Included: 

Refrigerator 

loven/Range 

HDishwasher 

[OMicrowave 

FlWasher 

Dryer 

[television Mounts 

Other: 

Excluded: 

8. OIL, GAS, and MINERAL RIGHTS: if any, are 

included [C]Not Included, unless previously severed. 

9. POSSESSION: Seller shall deliver, and Buyer shall accept, possession of the Property, subject to the rights of 

any tenants, iat closing or[Ino later than 12:00 noon 

days after the closing. For the purpose of 

possession, closing shall be defined as the settlement date on the closing statement. 

From the date of closing through vacating the Property, Seller shall pay the sum of $0 

per 

day as an occupancy charge, and Seller shall be liable for Seller's pro rata share of utilities. The Seller's Title 

Company/Escrow Agent shall retain from the amount due Seller at closing the sum of $0 

as 

a deposit against these charges, paying to the Buyer the amount due and returning to the Seller the balance as 

determined by the date the Property is vacated and keys surrendered to Buyer. 

If possession is given prior to 

noon, the Sefler/tenant will not be charged for that day of occupancy. 

Possession to be given with the Property being in like condition as it was on the Effective Date. Seller 

shall have removed all personal property (unless otherwise stated in this Agreement or an additional written 

agreement). Property will be free and clear of trash and debris and left in broom-clean condition. Post-closing 

occupancy does not create a landlord-tenant relationship. This Paragraph shall survive a closing. 

10. SELLER'S DISCLOSURE: 

[1Buyer acknowledges that a Seller's Disclosure Statement has been provided to Buyer. 

[Seller shall provide Buyer with a Seller's Disclosure Statement with Seller's acceptance of this offer. 

Pursuant to the Seller Disclosure Act, MCL 559.951, et seq, Buyer will have 72 hours after hand-delivery 

of the disclosure statement (or 120 hours after delivery by registered mail) to terminate this Agreement 

by delivery of a written notice to Seller or Seller's agent. 

[Seller is exempt from disclosure statement. 

11. LEAD-BASED PAINT DISCLOSURE: 

If subject home was built prior to 1978, Buyer acknowledges that prior 

to signing this Buy and Sell Agreement, Buyer has received and reviewed a copy of the Lead-Based Paint 

Disclosure Form. 

12. ATTACHMENTS: These attachments are incorporated by reference: 

[JAddendum(s) EF]Seller's 

Disclosure Statement [7] Lead-Based Paint Disclosure Form [7] Other Septic Disclosure 

13. PROPERTY INSPECTIONS: Buyer accepts the Property in an AS IS present condition and agrees that there 

are no additional written or oral understandings except as otherwise provided herein. 

I This offer is contingent upon the Property being acceptable to the Buyer within the Inspection Period. The

dotlaop signature verification; i 

During this Period the Buyer has the following options: 

1) 

If Buyer is not satisfied and wishes to terminate this Agreement, Buyer may provide written notice to 

Seller within this Inspection Period. Upon Buyer's written notification to terminate all Earnest Money 

shall be refunded to Buyer and parties agree to execute a mutual release of Earnest Money. 

2) 

If Buyer is not satisfied and wishes to modify this Agreement based on those findings they shall have 

the option to submit a written request by way of addendum to the Seller within the Inspection Period 

(Note: A request by the Buyer to modify this Agreement DOES NOT give the Seller the right to 

terminate within this Period). If the modification is not agreed to in writing or the Seller fails to 

respond, the Buyer must remove this contingency during the inspection period, or this contract shall 

terminate. Upon termination, all Earnest Money shall be refunded to Buyer and parties agree to 

execute a mutual release of Earnest Money. 

3) 

If the Buyer neither removes the inspection contingency nor terminates this Agreement in the 

Inspection Period, the Buyer shall be deemed to have waived this inspection contingency. 

[C1 Buyer acknowledges that Selling Broker/REALTOR® has recommended that Buyer obtain an inspection of 

the Property by an inspector and/or a licensed contractor. Buyer does not desire to obtain an inspection 

of the Property. 

14. REGULATORY INSPECTIONS: If any zoning ordinance or governing authority requires an inspection at the 

time of closing (including but not limited to the well and/or septic), if not already provided, Seller shall order 

said inspection within five (5) days of the Effective Date and provide Buyer evidence upon request. Said 

inspection(s) shall be at Seller's expense unless otherwise agreed to in writing. Upon receipt, Seller shall 

provide said written results to Buyer within 48 hours and if said report discloses a condition unsatisfactory to 

Buyer, then the Buyer shall have 48 hours from receipt, to make a written proposal to Seller to correct any 

unsatisfactory conditions. Should Seller fail to agree to said request within 48 hours, Buyer may elect to 

terminate this Agreement and all Earnest Money shall be refunded to Buyer(s) and parties agree to execute a 

mutual release of Earnest Money. Buyer's failure to notify Seller of an unsatisfactory condition, within 48 

hours of receipt shall be deemed an acceptance of any findings. 

Where no inspection is required by ordinance or governing authority, then Buyer, at Buyer's expense, 

may arrange for any inspections during their inspection period per Paragraph 13, Property Inspections. 

15. ADDITIONAL CONDITIONS: 

I All personal property & trailers to be removed from the home and the barns prior to close. 

16. CLOSING: This sale is to be closed on or before 02/16/2024 

, unless otherwise agreed to 

in writing. The closing may be conducted by a title company or other escrow agent. The parties agree to 

equally divide the title company/escrow agent closing fee. In the event of a split closing, Buyer and Seller shall 

| 

pay their own title company’s closing fees. Seller to be responsible for county and state transfer tax. 

17. TITLE INSURANCE: Seller shall provide to Buyer, at Seller's expense, an owner's policy of title insurance

dotloop signature verification: «fin. us Zaliil kif fy 

18. PRORATIONS: Rents, insurance, homeowner's association fees, condominium owner's association fees, 

road maintenance fees, fuel oil or propane at Seller's cost per gallon, sewer and water bills as well as other 

liens assumed by the Buyer shall be prorated as of the date of closing. “Current Taxes” (defined as general 

property taxes due in the calendar year the closing takes place) shall be prorated as of the date of closing in the 

following manner: county taxes, including township and school, shall be prorated on a calendar year basis, as 

if paid in arrears, so that Seller will be charged with the portion thereof from the prior January 1 to the date of 

closing, and Buyer with the balance of the year. City taxes and village taxes shall be prorated on a due date 

basis as if paid in advance so that Seller will be charged with the portion thereof from the prior July 1 to the 

date of closing, and Buyer with the portion from the date of closing to the next June 30. 

19. ASSESSMENTS: Unless otherwise specified herein, Seller shall pay all installments of tax liens of local 

government that become due and payable on or before the day of closing. Buyer shall assume and pay all 

future installments of such assessment, unless otherwise agreed to in writing. 

20. PROPERTY DAMAGE: If the building(s), fixtures and equipment on the Property are extensively damaged 

or are destroyed by fire or otherwise prior to closing, the Buyer may terminate this Agreement by written 

notice to Seller with a copy to Listing Broker and Selling Broker. Upon receipt of this notice, Selling Broker shall 

return the Earnest Money to Buyer, this Agreement shall be void, and the Parties shall have no further duty to 

one another. 

If Buyer does not send notice of termination, the closing shall occur and all proceeds of insurance 

of claims under insurance policies, if any, shall accrue to the benefit of Buyer. 

21. WALK-THROUGH: Buyer reserves right to walk through the Property within 48 hours prior to closing to 

confirm all terms of this Agreement have been met. 

22. HOME PROTECTION PLAN: Buyer and Seller have been informed that Home Protection Plans are available. 

Such plans may provide additional protection and benefit to a Buyer. The parties acknowledge that a 

| 

REALTOR® may receive compensation from the companies offering these plans. 

Buyer[Jdoes []does not wish to purchase a Home Protection Plan. 

23. HEIRS, SUCCESSORS AND ASSIGNS: This Agreement binds Seller, Seller's personal representatives and 

heirs, and anyone succeeding to Seller's interest in the Property. Buyer shall not assign this Agreement 

without Seller's prior written permission. 

24, COMPLIANCE: The parties will be held to strict compliance with the time limitations contained in this 

Agreement. 

If Buyer refuses to perform its obligations under this Agreement, the Earnest Money shall be 

forfeited and may be applied by the Seller to payment of his damages, and Seller may treat the forfeited 

Earnest Money as liquidated damages for such non-performance, breach or default. 

If Seller's actual damages 

exceed the Earnest Money, Seller may pursue such other legal and equitable remedies as Seller may have 

against the Buyer. 

If Seller defaults, the Earnest Money shall be returned to the Buyer and Buyer may pursue 

such legal or equitable remedies as Buyer may have against the Seller. 

25. RELEASE: Buyer and Seller acknowledge that neither Listing Broker nor Selling Broker, nor their respective 

agents, have made any representations concerning the condition of the Property covered by this Agreement 

or the marketability of title, and Buyer and Seller release the Listing Broker and Selling Broker and their 

respective agents, with respect to all claims arising out of or related to this Agreement, any addendums or 

counteroffers; all claims arising from any purported representations as to the physical and environmental

dotloop signature verification: itp us/Zni 

negotiate a resolution before litigating or arbitrating the dispute. They are required to utilize the services of 

the Conflict Resolution Services or another mutually acceptable neutral mediator to bring them together in at 

least one mediation session. This Paragraph shall survive the closing. 

27. LIMITATION: Buyer and Seller agree that any and all claims or lawsuits which they may have against the 

Listing Broker and its agents and/or Selling Broker and its agents relating to their services must be filed no 

more than six (6) months after the date of closing of the transaction described in this Agreement. Buyer and 

Seller waive any statute of limitations to the contrary. This Paragraph shall survive a closing. 

28. ATTORNEY'S FEES: In any action or proceeding arising out of this Agreement, the prevailing party, 

including any REALTOR® so involved, shall be entitled to reasonable attorney's fees and costs, to be paid by 

the non-prevailing party. This Paragraph shall survive a closing. 

29. MULTIPLE LISTING SERVICE: If Broker is a participant of a Board Multiple Listing Service ("MLS"); Broker is 

required to report the sale, its price and terms for the use of authorized Board Members, MLS participants and 

subscribers. 

30. ELECTRONIC COMMUNICATION: As an alternative to physical delivery, the parties agree that this 

Agreement, any amendment or modification of this Agreement and/or any written notice or communication in 

connection with this Agreement may be delivered to the Seller in care of the Listing REALTOR® and the Buyer 

in care of the Selling REALTOR® via electronic mail or by facsimile via the contact information set forth above. 

Any such communication shall be deemed delivered and received at the time it is sent or transmitted. Seller 

represents and warrants that an electronic email address has been provided to listing REALTOR® from which 

Seller may receive electronic mail. Buyer represents and warrants that an electronic email address has been 

provided to Selling REALTOR® from which Buyer may receive electronic mail. The parties agree that the 

electronic signatures and initials shall be deemed to be valid and binding upon the parties as if the original 

signatures or initials were present in the documents in the handwriting of each party. 

31. COUNTERPARTS: This Agreement may be signed in any number of counterparts with the same effect as if 

the signature of each counterpart were upon the same instrument. 

32. EFFECTIVE DATE AND TIMELINES: The term “Effective Date” shall mean the date and time at which both 

Buyer and Seller have fully ratified this Agreement, agreeing upon its terms, and delivery has been made. All 

times, unless otherwise noted, are in Eastern Standard Time. 

33. COMPLETE AGREEMENT: Buyer acknowledges receipt of a copy of this Agreement. Buyer and Seller agree 

that this is the entire Agreement between the parties and that there are no other written or oral 

understandings. Buyer and Seller further agree that this Agreement supersedes any and all prior agreements, 

understandings, or representations made by the parties or their agents. 

THIS OFFER WILL EXPIRE ON 01/17/2024 

ats 

AM 1PM, or upon 

Seller's receipt of revocation from Buyer, whichever is earlier. 

This is a legal document. 

It is recommended to all parties that they have an attorney review the title commitment, 

this document and whether all terms have been met.

dotloep signature verification: tip ti</ 7s 

34. SELLER'S ACCEPTANCE: Seller accepts Buyer's offer. OR[JSee Seller's counteroffer 

Seller 

Date and lime 

Print Name 

Seller 

Date and Time 

Print Name 

35. COUNTEROFFER: This is a counteroffer to Buyer's offer. Seller accepts all the terms and conditions in the 

above Agreement with the following changes or amendments: 

Price to Be $365,900.00 all other Terms and Conditions of this offer to remain the same. 

The Seller reserves the right to continue to offer the Property for sale and may withdraw this offer in writing or 

accept another offer at any time prior to personal receipt by Seller or Seller's authorized agent of a copy of this 

counteroffer duly accepted and signed by Buyer. Unless this counteroffer is accepted in this manner, on or 

before 

01/17/2024 

at 

2 

CAMEDPM, it shall be deemed revoked and the Earnest 

Money shall be returned to Buyer. Seller acknowledges receipt of a copy of this counteroffer. Dated this 

day of 

, 20, 

at 

Oam[Jpm. 

detloop 

verified 

Tone, J Pict 

ICA 

Sélter 

warearid [1me 

Print Name 

Seller 

Date and lime 

Print Name 

36. ACCEPTANCE OF COUNTEROFFER: If Seller's response constitutes a counteroffer; Buyer hereby accepts 

the terms of that counteroffer as set forth in Paragraph 35. 

dodoop verified 

Dpabettn Rise fukerssn 

D1/17024 10:01 AM 

EST 

CRYU-6VVCZETHRIT 

BUYET 

Date and 1ime 

Print Name 

Pregtons NMwnwelt Picard 

TB 606A EST 

WIQF-VRB-UXF-1FGR 

Buyer 

Ete and Time 

Print Name

dotloop signature verification: ijip 1/8 Shy Fok 

ke 

NORTHERN GREAT LAKES REALTORS® MULTIPLE LISTING SERVICE LLC 

ADDENDUM TO BUY & SELL AGREEMENT FOR REAL PROPERTY 

FOR COMPLIANCE WITH PA 1984, NO. 351 

THIS ADDENDUM is attached to and made a part of a certain Buy & Sell Agreement dated 01/17/2024 

between the undersigned parties. The address of the property is commonly known as: 

8499 South Nash Road, Maple City, MI 49664 

The following terms are incorporated into the above-referenced Buy & Sell Agreement: 

[Buyers are satisfied with the inspection contingency and are ready to move towards closing. 

ELECTRONIC TRANSACTIONS: The parties agree to conduct this transaction by electronic means. This Agreement may 

be executed by providing an electronic signature under the terms of the Uniform Electronic Transactions Act. 

It may not be 

denied legal effect or admissibility as evidence solely because 

it 

is 

in electronic form, permits the completion 

of the 

business transaction referenced herein electronically instead 

of 

in person, 

or has been stored electronically. 

As an 

alternative to physical delivery, any document, including any signed document or written 

notice may be delivered 

in 

electronic form only by the following indicated methods: 

[] Facsimile 

[J Email 

[7] Internet 

[J No Electronic Delivery. 

Documents with original signatures shall be provided upon request of any party. 

This is Addendum number 1

dotloop signature verification: «itis s/n 

CC HE 

Bay 

NORTHERN GREAT LAKES REALTORS® MULTIPLE LISTING SERVICE LLC 

ADDENDUM TO BUY & SELL AGREEMENT FOR REAL PROPERTY 

FOR COMPLIANCE WITH PA 1984, NO. 351 

THIS ADDENDUM is attached to and made a part of a certain Buy & Sell Agreement dated 01/17/2024 

between the undersigned parties. The address of the property is commonly known as: 

0499 South Nash Road, Maple City, MI 49664 

The following terms are incorporated into the above-referenced Buy & Sell Agreement: 

[Purchase of property to include parcels 007-010-012-00 and 007-610-012-30. 

ELECTRONIC TRANSACTIONS: The parties agree to conduct this transaction by electronic means. This Agreement may 

be executed by providing an electronic signature under the terms of the Uniform Electronic Transactions Act. 

It may not be 

denied legal effect or admissibility as evidence solely because 

it 

is 

in electronic form, permits the completion 

of the 

business transaction referenced herein electronically instead 

of 

in person, 

or has been stored electronically. 

As 

an 

alternative 

to physical delivery, any document, including any signed document or written notice may be delivered 

in 

electronic form only by the following indicated methods: 

[] Facsimile 

[] Email 

[] Internet 

[J No Electronic Delivery. 

Documents with original signatures shall be provided upon request of any party. 

This is Addendum number 

2

Closing Disclosure 

This form is a statement of final loan terms and closing costs. Compare this 

document with your Loan Estimate. 

Closing Information 

Transaction Information 

Loan Information 

Date Issued 

2/12/2024 

Borrower 

Peyton Maxwell Picard 

Loan Term 

30 years 

Closing Date 

2/13/2024 

7642S Dunns Farm Rd 

Purpose 

Purchase 

Disbursement Date 2/13/2024 

Maple City , MI 49664 

Product 

Fixed Rate 

Settlement Agent 

Ata National Title Group, LLC 

File # 

Seller 

Tami Jo Piatt and Daniel Piatt 

Loan Type 

[§] Conventional 

[J FHA 

Property 

9499 S 

Nash 

Rd 

9499 S Nash Rd 

LVAD 

Maple City, Mi 49664 

Maple City, MI 49664 

Loan ID # ] 

Sale 

Pri 

365,900 

MIC# 

ale 

price 

$ 

Lender 

United Wholesale Mortgage, LLC 

0a 

[Can this amount 

increase afte closing? 

Loan Amount 

$347,605 

NO 

Interest Rate 

7.124% 

NO 

Monthly Principal & Interest 

See Projected Payments below for your 

$2 ,341 64 

NO 

Estimated Total Monthly Payment 

Prepayment Penalty 

NO 

Balloon Payment 

NO 

[Payment Calculatio 

ears 13: 

Principal & Interest 

$2,341.64 

$2,341.64 

Mortgage Insurance 

+ 

104.28 

+ 

Estimated Escrow 

+ 

309.36 

+ 

309.36 

Amount can increase over time 

Estimated Total 

Monthly Payment 

$2,755.28 

$2,651.00 

, 

This estimate includes 

In escrow? 

Estimated Taxes, Insurance 

$309.36 

&] Property Taxes 

YES 

ssessments 

X 

Amount can increase over time 

amonth 

Homeowner's Insurance 

YES 

See page 4 for details 

[1 Cther; 

fe Escron Account on page 4 for details. You must pay for other property costs

Closing Cost Details 

oan Costs 

:B/ Services Borrower Did Not Shop For. 

81,02847 

01 Appraisal Fee 

to Mark Lyons 

$795.00 

02 Credit Check 

to Credco 

(1) 568.00 

03 Credit Report Fes 

to Credco (Reimb) 

$64.60 

04 Electronic Registration (MERS) Fee 

to Mortgage Electronic Registration Syste 

$24.95 

"05 Flood Certification 

to Corelogic Flood Services 

$8.00 

B 

06 Tax Service 

to United Wholesale Fbo Corelogic 

$85.00 

07 Verification of Income Fee 

to Equifax (Reimb) 

$51.52 

08 

08 

to Ata National Title Group, 

"03 Title - Settlement Or 

"02 Title - Premium for Lender's Coverage 

to Ata National Title Group, 

$1,164.00 

to Ata National Title Group, LL 

$295.00 

1D, TOTAL'LOAN COSTS {Botrower-Paid): 

$3,622.47: 

Loan Costs Subtotals (A + B+ C) 

$2,827.471 

$795.00 

Mortgage: 

65.00 

$1,153.36 

05 

1G: Initial Escrow Payment at Closing 

T8536] 

01 Homeowner's Insurance $135.58 per month for 3 mo, 

$406.74 

02 Mortgage Insurance 

per month for mo. 

03 Property Taxes 

$78.14 per month for 5 mo. 

$390.70 

04 City Property Tax 

"7§55,64 

per month for 

$ mo. 

$860.76 

05 

” 

6 

07 

08 Aggregate Adjustment 

{H. Other 

ce 

01 Buyers Agent Real Estate Commission 

to The Mitten Real Estate Group 

to Coldwell Banker Schmidt Realtors

Calculating Cash to Close 

Use this table to see what has changed from your Loan Estimate. 

$8,124.00 

$6,031.57] 

YES 

See Total Loan Costs(D)and Total Other Costs(l) 

Closing Costs Paid Before Closing 

$0 

-$79500{ 

YES 

You paid these Closing Costs before closing 

Closing Costs Financed 

$0 

$0} 

NO 

{Paid from your Loan Amount) 

Down Payment/Funds from Borrower 

$18,295.00 

$18,295.00] 

NO 

Deposit 

$3,000.00 

$3,000.00] 

NO 

Funds for Borrower 

$0 

$0] 

NO 

Seller Credits 

$0 

$0] 

NO 

Adjustments and Other Credits 

$0 

-$23B.15] 

YES 

eSeedetailsinSections Kand L 

Cash to Close 

$23,419.00 

$20,293.42 

Use this table to see a summary of your transaction. 

BORROWER'S TRANSACTION 

SELLER'S TRANSACTION 

i 

M/Dlie't 

1 

i 

g 

$365,900.00 

"01 Sale Price of Property 

$365,900.00 

"02 

Sale Price of ‘Any Personal Property Included In Sale 

02 

Sale Price of Any Personal Property Included In Sale 

"03 Closing Costs Paid at Closing (J) 

$5,236.57 

03 

04 

04 

“Adjustments 

or 

h 

05 

or 

” 

035 

06 

[3 

” 

or 

07 

} 

) 

} 

07 

08 

“Adjustments for Items Paid by Seller in Advance 

08 City/Town Taxes 

to 

09 City/Town Taxes 

to 

09 County Taxes 

to 

TT 

10 County Taxes 

) 

to 

10 Assessments 

to 

11 

Assessments 

to 

12 

13 

ig 

: 

15 

16 

$3, 

02 Loan Amount 

$347,605.00 

02 

$21,954.00 

Existing Loan(s) Assumed 

or Taken Subject to 

03 Existing Loans) Assumed or Taken Subject to 

04 Payoff of First Mortgage Loan 

"50.00 

“05 Payoff of Second Mortgage Loan 

Other Credits 

06 

06 

” 

} 

07 

hE 

07 

08 

Seller Credit 

$0.00 

"Adjustments 

- 

ITH 

08 

10 

IC 

T 

) 

” 

10 

12 

re 

_ 

gm 

a 

Adjustments for items Unpaid by Seller 

Adjustments for items Unpaid by Seller 

“i2 City/Town Taxes 

1/1/24 

to 2/13/24 

412805 

14 City/Town Taxes 

1/1/24 

to 

2/13/24 

$128.05 

73 

County Taxes 

1/1/24

Additional Information About This Loan 

Loan Disclosures 

Assumption 

If you sell or transfer this property to another person, your lender 

0 will aliow, under certain conditions, this person to assume this 

loan on the original terms. 

will not allow assumption of this loan on the original terms. 

Demand Feature 

Your loan 

. 

L1 has a demand feature, which permits your lender to require early 

repayment of the loan. You should review your note for details. 

1 does not have a demand feature. 

Late Payment 

If your payment is more than 15 days late, your lender will charge a 

late fee of 5% of your overdue payment of principal and interest. 

Negative Amortization (increase in Loan Amount) 

Under your loan terms, you 

0 are scheduled to make monthly payments that do not pay all of 

the interest due that month. As a result, your loan amount will 

increase (negatively amortize), and your loan amount will likely 

become larger than your original loan amount. Increases in your 

loan amount lower the equity you have in this property. 

00 may have monthly 

payments that do not pay all of the interest 

due that month. you do, your loan amount will increase 

(negatively amortize), and, as a result, your loan amount may 

become larger than your original loan amount. Increases in your 

loan amount lower the equify you have in this property. 

1 do not have a negative amortization feature. 

Partial Payments 

Your lender 

[J may accept payments that are less than the full amount due 

(partial payments) and apply them to your loan. 

[J may hold them in a separate account until you pay the rest of the 

payment, and then apply the full payment to your loan. 

1&1 does not accept any partial payments. 

If this loan Is sold, your new lender may have a different policy. 

Security Interest 

You are granting a security interest in 

9499 5 Nash Rd, Maple City, Mi 49664 

You may lose this property if you do not make your payments or 

satisfy other obligations for this loan. 

Escrow Account 

For now, your loan 

X will have an escrow account {also called an "impound" or “trust” 

account} to pay the property costs listed below. Without an escrow 

account, you would pay 

them directly, possibly in one or two large 

payments a year. Your fender may be liable for penalties and interest 

for failing to make a payment. 

“Escrowe 

$4,963.68 

Property Costs 

over Year 1 

your escrowed property costs: 

Hazard Insurance Reserves 

Mortgage insurance Reserve 

See attached page for additional information 

Non-Escrowed 

$0.00] Estimated total amount 

over year 1 for 

Property Costs 

your non-escrowed property costs: 

over Year 1 

Homeowners Association Dues 

You may have other property costs, 

Initial Escrow 

$928.09 A cushion for the escrow account you pay 

Payment 

at closing, See Section G on page 2. 

Monthly Escrow 

$413.64} The amount included in your fotal 

Payment 

monthly payment. 

J will not have an escrow account because [ you declined it [J] your 

lender does not offer one. You must directly pay your property 

costs, such as taxes and homeowner's insurance. Contact your 

lender to ask if your loan can have an escrow account. 

0 Escrow. 

; 

? 

i 

8 

Estimated 

Estimated total amount over year 1, You 

Property Costs 

must pay these costs directly, possibly in 

over Year 1 

one or two large payments a year, 

Escrow Waiver Feel 

In the future, 

Your property costs may change and, as a result, your escrow pay- 

ment may change. You may be able to cancel your escrow account, 

but if you do, you must pay your property 

costs directly. If you fail 

to pay your property taxes, your state or local government may (1) 

impose fines and penalties or (2) place a tax lien on this property. If 

you fail to pay any of your property costs, your lender may {1) add 

the amounts to your loan balance, (2) add an escrow account to your 

loan, or (3) require you to pay for property insurance that the lender 

buys on your behalf, which likely would cost more and provide fewer 

benefits than what you could buy on your own.

Loan Calculations 

Total of Payments. Total you will have paid after 

you make all payments of principal, interest, 

mortgage insurance, and loan costs, as scheduled. 

$861,617.87 

Finance Charge. The dollar amount the loan will 

- 

cost you. 

$511,989.87 

Amount Financed, 

The loan amount available after 

paying your upfront finance charge. 

$344,852.17 

Annual Percentage Rate (APR) Your costs over 

the loan term expressed as a rate, This is not your 

interest rate. 

7.446% 

Total Interest Percentage (TIP). The total amount 

of interest that you will pay over the loan term as 

a percentage of your loan amount, 

142.847% 

Questions? if you have questions about the 

loan terms or costs on this form, use the contact 

information below. To get more information 

or make a complaint, contact the Consumer 

Financial Protection Bureau at 

www.consumerfinance.gov/mortgage-closing 

Contact Information 

Other Disclosures 

Appraisal 

If the property was appraised for your loan, your lender is required to 

give you a copy at no additional cost at least 3 days before closing. If 

you have not received it yet, please contact your fender at the 

Information listed below. 

Contract Details 

See your note and security instrument for information about 

«what happens if you fail to make your payments, 

ewhat is a default on the loan, 

«situations in which your lender can require early repayment of the 

loan, and 

othe rules for making payments before they are due. 

Liability after Foreclosure 

if your lender forecloses on this property and the foreclosure does not 

cover the amount of unpaid balance on this loan, 

[XI state law may protect you from liability 

for the unpaid balance. if you 

refinance or take on any additional debt on this property, you may 

lose this protection and have to pay any debt remaining even after 

foreclosure. You may want to consult a lawyer for more information, 

0 state law does not protect you from Hability for the unpaid balance. 

Refinance 

Refinancing this loan will depend on your future financial situation, 

the property value, and market conditions. You may not be able to 

refinance this loan. 

Tax Deductions 

if you borrow more than this property is worth, the interest on the 

loan amount above this property's fair market value is not deductible 

from your federal income taxes. You should consult a tax advisor for 

more Information. 

Name 

United Wholesale Mortga 

LLC 

Realtors 

Address 

585 South Blvd E Pontiac, MI 

| 810 South Garfield Avenue 

| 310 W Front St Suite 411, 

522 E Front St, Traverse City, 

| 13919 § West Bay 

Shore 

48341 

Suite 

A, Traverse City, Mi 

Traverse City, MI 49684 

M149686 

Drive Suite 105, 

Traverse City, 

49686 

M149684 

was 

Mi License iD 

Tr 

Contact 

Mary Jo Grech 

Randall S Brown 

Thomas James Shimek 

| Kurt Hubschnelder 

Unknown 

- 

“Contact NMLS ID 

- 

|B 

consis] 

© 

Email 

ConsumerQuestions 

loanarrangerd9684 

tj@ teamshimek.com 

kurthubschneidert 

traversecity@ atatitle.com 

@UWM.com 

@yahoo.com 

@cbgreatlakes.com

Addendum 

Loan Disclosures 

Escrow Account 

[Escrow 

: 

; 

; 

Escrowed Property Costs over Year 1 

City Property Taxes 

County Property Taxes 

Flood Insurance 

Village/Town/School Tax 

Wind and Hail Insurance 

Mud Tax

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