CLOSING STATEMENT-Clapp-CR-Mineral HIlls Greenway northPLANNING AND DEVELOPMENT • CITY OF NORTHAMPTON
planning • conservation • zoning • housing partnership • redevelopment • northampton GIS
economic development • community development • historic • community preservation • central business architecture
Wayne Feiden, AICP, Director of Planning and Development • Wfeiden@NorthamptonMA.gov • 413-587-1265
August 17, 2007
CLOSING STATEMENT
RE: The Purchase of a Conservation Restriction (State-approved CR#40 dated 8/10/2007) for the sum of
$31,500, covering 35.79 acres of land in Mineral Hills Conservation Area, Area Bon Guntlow & Assoc.
Survey #0110906 dated 9/27/2006, as per original Purchase Option dated 8/5/2005 and extensions
211212006 and 6/12/07, by and between NONOTUCK LAND FUND (Buyer) and John Clapp and Diana
Boyle-Clapp (Sellers); and Assumption of said CR by the City of Northampton
To All Interested Parties:
This document will serve as the closing statement for the above-referenced transaction and certification on
behalf of all of the parties that this transaction has been completed and that no additional funds are due.
Sources of funds for purchase of CR
Nonotuck Land Fund share: $ 27,500 (check# 113, dated August 17, 2007)
City of Northampton share: 4,000 (check# 249624, dated July 13, 2007)
Total Consideration for CR: $ 31 500
Sources of funds for closing Costs
State approval process: City of Northampton (in kind)
Title and legal costs: City of Northampton (in kind)
Recording fees: City of Northampton (in kind)
Survey fee: Nonotuck Land Fund (in kind)
On behalf of the City of Northampton, I agree that this summary is accurate and complete. I will provide copies
of the recorded CR to all parties upon receipt of stamped copies from the Registry:
~ ~ f-//7/o7
Wayne M~AICP, Director of Planning and Development, City of Northampton Date
On behalf ofNonotuck Land Fund, we agree that this summary is accurate and complete:
On behalf of Sellers, we/I agree that this summary is accurate and complete and acknowledge receipt of
Nonotuck Land Fund.-.?heck #113 dated August 17, 2007 in the amount of$ 27,500 and of City of Northampton
check# 2496 4 at Ju~y 13, 2007 in the amount of$ 4,000:
\"· \
John I. Cla
', "-,
City Hall • 210 ain Street, Room 1 • Northampton, MA 01060 • www.NorthamptonMa.gov • Fax 413-587-1264
original printed on recycled paper
'\IH9Ulll~~~ SUBORDINATION AGREEMENi
Bk: 9237Pg: 312 Page: 1 of 1
Recoraed: 08/17/2007 01 :55 PM
Florence Savings Bank, the holder of two (2) mortgage given by John I. Clapp and Diana Boyle-
Clapp, one being dated May 15, 2003 and recorded in the Hampshire County Registry of Deeds, in
Book 7205, Page 18, and the other being a home equity line mortgage given by John I. Clapp and
Diana L. Boyle-Clapp dated July 10, 2002, recorded in the Hampshire County Registry of Deeds, in
Book 6712, Page 38, in consideration of One Dollar and other good and valuable consideration to it
paid by said John I. Clapp and Diana L. Boyle-Clapp does hereby agree that the said mortgages shall
be subsequent in claim and effect to a Conservation Restriction granted by John I. Clapp and Diana
Boyle-Clapp to the City of Northampton, dated June 22, 2007 , and recorded in the said Registry
ofDeeds in Book.JJ37 Page ~ .J'J
The intent and effect of this agreement is that:
The Conservation Restriction granted by John I. Clapp and Diana Boyle-Clapp to the City of
Northampton, dated October 16, 2006, and recorded in the said Registry of Deeds in Book
Page shall have priority over the following mortgages:
1) The mortgage in the original amount of $158,000.00, granted by John I. Clapp and Diana Boyle-
Clapp to the Florence Savings Bank, dated May 15, 2003 and recorded in the Hampshire County
Registry of Deeds in Book 7205, Page 18.
2) The Home Equity Loan Mortgage in the original amount of $35,000.00 granted by John I. Clapp
and Diana L. Boyle-Clapp to Florence Savings Bank, dated July 10, 2002, recorded in the
Hampshire County Registry of Deeds in Book 6712, Page 38.
IN WITNESS WHEREOF, the said Florence Savings Bank has caused its corporate seal to be hereto
affixed and these presents to be signed in its name and behalf by :::Je-{.Wpf lh. on>'~ , its
\)\ ~ e_ "Y-e_ .f "".Jl e~+
this s'f--1--day of J'v \ 'j , :i. oo 7 ,
Florence Savings Bank
By its: V :re Pre..r-JJ~
Hampshire, ss. \Jv / y 5 ,2007
Then personally appeared before me, the above named T~7 !fl. ~ '~ , who is known to
me by personal knowledge over a period sufficient to insure that he is the person who signed this
document, and who acknowledged the foregoing instrument to the free act and deed of Florence Savings
Bank
. DIANE M. 6ULVE~
Notary Pubhc MY COMMISSION EXPIRES
My commission expires August 3, 2012
,I