A. Settlement Statement

1. FHA    2. RHS   3. Conv. Unins.		6. File Number		7. Loan Number			8. Mortgage Insurance Case Number
4. VA       5. Conv. Ins.		10-0728
C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agenet are shown. Items
marked "(p.o.c)" were paid outsie the closing; they are shown here for information purposes and are not included in the totals.
D. Name and Address of borrower			E. Name and Address of Seller				F. Name and Address of Lender
Lakeland Industries, Inc.			Harvey Pride Jr.
834 3rd Avenue			202 Pride Lane, SW
New York, NY 10022			Decatur, AL 35603
G. Property Location				H. Settlement Agent
201 Pride Lane, SW				NOWLIN & ASSOCIATES, LLC
Decatur, AL 35603
				Place of Settlement				I. Settlement Date
				118 Moulton Street East 1st Floor				6/29/2010
				Decatur, AL ###-###-####				DD: 06/29/10
J. SUMMARY OF BORROWER'S TRANSACTION:					K. SUMMARY OF SELLER'S TRANSACTION:
100	GROSS AMOUNT DUE FROM BORROWER				400	GROSS AMOUNT DUE TO SELLER
101	Contract Sales price		250,000.00		401	Contract sales price			$250,000.00
102	Personal property				402	Personal property
103	Settlement changes to borrower (line 1400)		2,317.00		403
104					404
105					405
Adjustments for items paid by seller in advance					Adjustments for items paid by seller in advance
106	City/town taxes                                      to				406	City/town taxes                                      to
107	County taxes                                            to				407	County taxes                                            to
108	Assessments                                           to				408	Assessments                                           to
109					409
110					410
111					411
112					412
120	GROSS AMOUNT DUE FROM BORROWER		252,317.00		420	GROSS AMOUNT DUE TO SELLER			$250,000.00
200	AMOUNTS PAID BY OR IN BEHALF OF BORROWER				500	REDUCTIONS IN AMOUNT TO SELLER
201	Deposit or earnest money		1,000.00		501	Excess Deposit (see instructions)			$1,000.00
202	Principal amount of new loan(s)				502	Settlement charges to seller (line 1400)			$1,825.00
203	Existing loans(s) taken subject to				503	Existing loan(s) taken subject to
204					504	Payoff of first mortgage loan			$144,066.58
						BBVA Compass
205					505	Payoff of second mortgage loan
206					506
207					507
208					508
209					509
	Adjustments for items unpaid by seller					Adjustments for items unpaid by seller
210	City/town taxes                                      to				510	City/town taxes                                      to
211	County taxes                                            to				511	County taxes                                            to
212	Assessments                                           to				512	Assessments                                           to
213	Purchaser will pay 2010 Property Taxes				513	Purchaser will pay 2010 Property Taxes
214					514
215					515
216					516
217					517
218					518
219					519
220	TOTAL PAID BY / FOR BORROWER		1,000.00		520	TOTAL REDUCTION AMOUNT DUE SELLER			$146,891.58
300	CASH AT SETTLEMENT FROM OR TO BORROWER				600	CASH AT SETTLEMENT TO OR FROM SELLER
301	Gross amount due from borrower (line 120)		252,317.00		601	Gross amount due to seller (line 420)			$250,000.00
302	Less amounts paid by/for borrower (line 220)		1,000.00		602	Less reduction amount due to seller (line 502)			146891.58
303	CASH                     FROM: BORROWER		251,317.00		603	CASH                     TO: SELLER			103108.42

SUBSTITUTE FORM 1099 SELLER STATEMENT: The information contained herein is important tax information and is being furnished to the Internal Revenue Service. If you are required to file a return, a negligence or other sanction will be imposed on you. If this item is required to be reported and the IRS determines that it has not been reported. The Contract Sales Price describned on (Line 401) above constitues the Gross proceeds of this transaction.

SELLER INSTRUCTIONS: To determin if you have to report the sale or exchange of your primary residence on your tax return, see the Schedule D (Form 1040) instructions. If the realestate was not your primary residence, complete the appolicable parts of Form 4797, Form 6252 and/or Schedule D (Form 1040)

You are required by law to provide the settlement agent with your correct raxpayer identification number. If you do not provide your correct number, you may be suject to civeil or criminal penalties by law. Under penalties of purjury. I certify that the number shown on this statement is my correct taxpayer identification number.

 

	L. SETTLEMENT CHARGES:                                                      File Number 10-0728	PAID FROM BORROWER'S FUNDS AT SETTLEMENT	PAID FROM SELLER'S FUNDS AT SETTLEMENT
700	TOTAL SALES/BROKER'S COMMISSION based on price $                               @                       =
	Division of commission (line 700) as follows:
701	$                                         to
702	$                                         to
703	Commission paid at Settlement
704
800	ITEMS PAYABLE IN CONNECTION WITH LOAN                                                                                                                      P.O.C.
801	Loan Origination Fee                      %
802	Loan Discount                                     %
803	Appraisal Fee                                      to
804	Credit Report                                       to
805	Lender's inspection Fee               to
806	Tax Service Fee                                    to
807	Underwriter Fee                                to
808
809	Document Preparation
810	Courier Fee
811
812
813
814
815
900	ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901	Interest from                   to                            @$                                /day
902	Mortage Insurance Premium                                   to
93	Hazard Insurance Premium                             yrs. to
904
905
1000	RESERVES DEPOSITED WITH LENDER FOR
1001	Hazard Insurance                      mo. @$                   /mo.
1002	Mortgage Insurance                mo. @$                   /mo.
1003	City property taxes                   mo. @$                   /mo.
1004	County property taxes            mo. @$                   /mo.
1005	Annual Assessments               mo. @$                   /mo.
1006	Flood Insurance                         mo. @$                   /mo.
1007	mo. @$                   /mo.
1008	Aggregate Reserve for Hazard/Flood Ins. City/Count
1100	TITLE CHARGES
1101	Closing fee                                           to
1102	Abstract or title search               to
1103	Title Search                                         to Real Estate Title Services, LLC		125.00
1104	Title insurance binder                 to
1105	Document Preparation              to
1106	Notary fees                                         to
1107	Attorney's fees                                 to Nowlin & Associates, LLC		450.00
	(inclues above item No:
1108	Title insurance                                 to CTIC/Nowline= & Associates, LLC	805.00
	(inclues above item No: 1104
1109	Lender's coverage
1110	Owner's coverage     250,000.00 - 805.00
1111	release Tracking and Search
1112
1113
1200	GOVERNMENT RECORDING AND TRANSFER CHARGES
1201	Recording fees                   Deed $       12.00             :Mortgage $                            : Releases $	12.00
1202	City/county/stamps       Deed $                                 : Mortgage $
1203	state tax/stamps              Deed $    250.00             :Mortgage $	250.00
1204
1205
1300	ADDITIONAL SETTLEMENT CHARGES
1301	Survey Fee                                        to    N/A
1302	Termite inspection                     to   N/A
1303	Appraisal Fee                                 to:  L.B. Wright & Son	1,250.00	1,250.00
1304
1305
1306
1307
1308
1400	TOTAL SETTLEMENT CHARGES (enter on lines 103 and 502, Sections J and K)	2,317.00	1,825.00

I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a tru and accurate statement of all receipts and disbursements made on my account or by me in the transaction. I further certify that I have received a copy of the HUD-1 Settlement Statement

	Lakeland Industries, Inc.
	By:	/s/ Christopher J. Ryan, CEO
	By:	/s/ Harvey Pride, Jr.
	Nowlin Associates, LLC
	By:	/s/  H.M. Nowlin

WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar Form. Penalties upon conviction can include a fine or Imprisonment.

 

For details see Title 18 U.S. Code Section 1001 and Section 1010.