Condominium Affidavit

Condominium Affidavit

STATE OF NEW YORK )
) SS: }
COUNTY OF )

, BEING DULY SWORN DESPOSES AND SAYS AS FOLLOWS:

1. THAT HE IS THE CO-SPONSOR OF A CONDOMINIUM OFFERING PLAN FOR CONDOMINIUMS LOCATED IN THE TOWN OF , STATE OF NEW YORK.
2. THAT THE DECLARATION OF CONDOMINIUM FOR WAS RECORDED IN THE OFFICE OF THE CLERK OF THE COUNTY OF ON THE DAY OF , 20 IN INSTRUMENT NO. .
3. THAT PURSUANT TO SECTION 339-EE(2) OF THE NEW YORK REAL PROPERTY, A CREDIT IS REQUESTED AGAINST THE MORTGAGE TAX ON THE FIRST PURCHASE MONEY MORTGAGE IN THE PRINCIPAL SUM OF MADE BY TO A LIEN ON UNIT NO. IN CONDOMINIUM WHICH MORTGAGE IS OFFERED HEREWITH FOR RECORDING, BECAUSE OF MORTGAGE TAXES PREVIOUSLY PAID IN THE AGGREGATE AMOUNT OF UPON THE RECORDING OF BLANKET MORTGAGES COVERING THE PROPERTY COMPRISING THE CONDOMINIUM SHOWN ON THE ATTACHED SCHEDULE A.
4. THAT PURSUANT TO THE AFOREMENTIONED DECLARATION OF CONDOMINIUM UNIT NO. HAS AN APPURTENANT INTEREST IN THE COMMON ELEMENTS OF THE CONDOMINIUM OF %
5. THAT PURSUANT TO THE AFOREMENTIONED SECTION 339-EE(2) OF THE REAL PROPERTY LAW, THE PARTIES TO THE MORTGAGE OFFERED HEREWITH FOR RECORDING ARE ENTITLED TO A MORTGAGE TAX CREDIT COMPUTED AS FOLLOWS:
   
   

   BASIC NEW YORK STATE TAX OF ‡ OF 1% ON	$
   NEW MORTGAGE OF $
   LESS
   CREDIT ALLOWED OF 4.787% (PERCENTAGE INTEREST OF UNIT IN COMMON ELEMENTS OF CONDOMINIUM) OF $	$
   BASIC NEW YORK STATE TAX DUE (NO. I LESS NO. II)	$
   PLUS
   ADDITIONAL TAX º OF 1% OF NEW MORTGAGE AMOUNT	$
   LESS
   EXEMPTION FOR FIRST $10,000.00.	$
   LESS
   CREDIT ALLOWED OF 4.787% (PERCENTAGE INTEREST OF UNIT IN COMMON ELEMENTS OF CONDOMINIUM) OF $	$
   ADDITIONAL TAX DUE (NO. IV LESS NO. V AND NO. VI)	$
   MORTGAGORS PORTION OF TAX DUE (NO. III PLUS NO. VII	$
   TOTAL TAX DUE AND TENDERED HEREWITH	$

SAID CREDIT IS BASED ON THE PRODUCT OF THE APPURTENANT PERCENTAGE INTEREST OF THE UNIT COVERED BY THE MORTGAGE OFFERED FOR RECORDING IN COMMON ELEMENTS OF THE CONDOMINIUM AS DISCLOSED IN THE DECLARATION OF CONDOMINIUM AND IN THIS MORTGAGE.

WHEREFORE, IT IS HEREBY REQUESTED THAT, PURSUANT TO SECTION 339-EE(2) OF THE REAL PROPERTY LAW AND SECTION 253 OF THE TAX LAW, THAT THE MORTGAGE OFFERED HEREWITH FOR RECORDING BE DECLARED EXEMPT FROM TAXATION TO THE EXTENT INDICATED ABOVE AND THAT THE SAID MORTGAGE BE ACCEPTED FOR RECORDING UPON PAYMENT OF THE SUM OF $ WHICH IS TENDERED HEREWITH ON BEHALF OF THE MORTGAGOR AND THE SUM OF $XWHICH IS TENDERED HEREWITH ON BEHALF OF THE MORTGAGEE.

SWORN TO BEFORE ME THIS
DAY OF 20

NOTARY