ex105


     

    First
      American Title Insurance Company

     

    National
      Commercial Services

    1650
      W. Big Beaver Road, Suite 156 Troy, MI 48084

    


    Seller’s
      Final Settlement Statement

    


    


    Property:
      Lot:
      1

    File
      No: NCS
      -190455-MICH

    Officer:
       Lynn
      Cooper/LAC

    New
      Loan No:

    Settlement
      Date:
      10/04/2005

    Disbursement
      Date:
      10/04/2005

    Print
      Date:
      10/14/2005, 2:02 PM

    Buyer:
       Morgan
      Rose Investment, LLC

    Address:
      6558
      Wealthy Street, Clarkston, MI 48346

    Seller:
      Secured Diversified Investment, LTD

    Address:
      4940
      Campus Drive, Newport Beach, CA 92660

     

    


    
      	
               

              Charge
                Description

            	
               

              Seller
                Charge

            	
               

              Seller
                Credits

            
	
              Consideration:

            	 	 
	
              Total
                Consideration

            	
            	
              110,000.00

            
	 	 	 
	
              Payoff
                Loan(s):

            	 	 
	
              Lender:
                Primetime Auction Inc.

            	 	
            
	
              Principal
                Balance through 10/02/05 - Primetime Auction Inc.

            	
              61,479.60

            	 
	
              Late
                Charge - Primetime Auction Inc.

            	
              75.00

            	 
	
              Overnight
                Fee - Primetime Auction Inc.

            	
              25.00

            	 
	 	 	 
	
              Title/Escrow
                Charges to:

            	 	 
	
              Title
                Search, copies and Fees - First American Title Insurance Company
                National
                Commercial Services

            	
               

              190.00

            	 
	
              Policy-Standard
                ALTA 1992 Owner’s - First American Title Insurance Company National
                Commercial Services

            	
               

              215.00

            	 
	
              Closing-Accommodation
                Fees - First American Title Insurance Company National Commercial
                Services

            	
               

              300.00

            	 
	
              Record
                Release of Option to Purchase - First American Title Insurance Company
                National Commercial Services

            	
               

              16.00

            	 
	
              Record
                Release of Lien - First American Title Insurance Company National
                Commercial Services

            	
               

              16.00

            	 
	 	 	 
	
              Disbursements
                Paid:

            	 	 
	
              Broker
                Fee to 1031 Inc.

            	
              10,000.00

            	 
	 	 	 
	
               

              Cash
                (X To) (From) Seller

            	
               

              37,683.40

            	 
	 	 	 
	
               

              Totals

            	
               

              110,000.00

            	
               

              110,000.00

            


    

     

    


    Parties
      to transaction hold First American Title Insurance Company (FATICO} harmless
      pertaining to matters of water, sewer, utilities and personal property taxes
      that may be due and owing at time of closing. These matters and the like are
      to
      be handled outside of closing. Parties also agree to hold FATICO harmless
      pertaining to tax proration method and/or amounts used for tax prorations,
      if
      any.

    


    


    SELLER(S):

    


    Secured
      Diversified Investment, LTD, a

    Nevada
      Corporation

     

    /s/
      Jan Wallace

    By:
      Jan
      Wallace, CEO & President