Agenda 03/08/2016 Item #16D 5 3/8/2016 16.D.5.
EXECUTIVE SUMMARY
Recommendation to approve a satisfaction of mortgage for the Collier County HOME
Investment Partnership Program for full payment in the amount of$20,819.26.
OBJECTIVE: To support home affordability in Collier County through down payment and emergency
repair and/or rehabilitation assistance program.
CONSIDERATIONS: Collier County offers assistance to individuals to make repairs to owner-
occupied housing units or assistance in purchasing homes through state and federal grants, such as the
federal HOME Investment Partnership Program (HOME). In conformance with the requirements of
HOME, contained in 24 CFR 92.254, homeowners receiving grant funds not exceeding $40,000 must
meet affordability requirements for ten years.
The following table provides details regarding the HOME mortgage that has been repaid in full. As
such, satisfactions of mortgages are required.
Date Date Assistance Loan Amount
Name(s) Address Assistance Forgiven being Satisfied
Provided
Sonia and Eddie 964 7th Ave N 05/30/2008 05/30/2018 $20,819.26
Moore Naples,FL 34102
Approval of this item will authorize the Chairman to sign the aforementioned satisfactions of mortgage
and the executed documents shall be recorded in the Public Records of Collier County,Florida.
FISCAL IMPACT: The repaid amount of $20,819.26 has been deposited in the Urban Improvement
Grant(121), Project 31121. These funds may be reused for eligible HOME program activities.
GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this
Executive Summary.
LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote
for Board action. -JAB
STAFF RECOMMENDATION: That the Board of County Commissioners approves and authorizes
the Chairwoman to sign a satisfaction of mortgage for the HOME Investment Partnership Program where
repayment in full has been made to Collier County.
PREPARED BY: Mandy Moody, Grant Support Specialist, Community and Human Services Division
Attachments:
1) Second Mortgage
2) Satisfaction of Mortgage
3) SAP Backup for the payoff
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3/8/2016 16.D.5.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.16.D.16.D.5.
Item Summary: Recommendation to approve a satisfaction of mortgage for the
Collier County HOME Investment Partnership Program for full payment in the amount of
$20,819.26.
Meeting Date: 3/8/2016
Prepared By
Name: MoodyMandy
Title: Grants Support Specialist,Community&Human Services
2/10/2016 2:42:48 PM
Submitted by
Title: Grants Support Specialist, Community&Human Services
Name: MoodyMandy
2/10/2016 2:42:49 PM
Approved By
Name: KushiEdmond
Title: Accountant, Community&Human Services
Date: 2/17/2016 10:44:27 AM
Name: LopezMaggie
Title: Accountant, Senior,Community&Human Services
Date: 2/17/2016 3:43:00 PM
Name: GrantKimberley
Title: Division Director-Cmnty &Human Svc, Community&Human Services
Date: 2/22/2016 10:26:21 AM
Name: SonntagKristi
Title: Manager-Federal/State Grants Operation,Community&Human Services
Date: 2/22/2016 1:00:35 PM
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3/8/2016 16.D.5.
Name: BelpedioJennifer
Title: Assistant County Attorney, CAO General Services
Date: 2/22/2016 4:39:51 PM
Name: RobinsonErica
Title: Accountant, Senior, Grants Management Office
Date: 2/23/2016 7:59:50 AM
Name: CarnellSteve
Title: Department Head-Public Services, Public Services Department
Date: 2/23/2016 10:37:51 AM
Name: BelpedioJennifer
Title: Assistant County Attorney, CAO General Services
Date: 2/23/2016 11:52:51 AM
Name: KlatzkowJeff
Title: County Attorney,
Date: 2/23/2016 4:14:53 PM
Name: StanleyTherese
Title: Manager-Grants Compliance, Grants Management Office
Date: 2/26/2016 3:33:55 PM
Name: CasalanguidaNick
Title: Deputy County Manager, County Managers Office
Date: 2/28/2016 4:46:23 PM
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Retn: 4172462 OR: 4365 PG: ; 3/8/2016 16.D.5.
HOUSING& HONAB SERVICES RECORDED in the OFFICIAL RECORDS of COLLIER COUNTY, FL OBLD 20819.26
HORSESHOE DR 05/3012008 at 02:54PN DWIGHT E. BROCK, CLERK OBLI 20819.26
Project Numb Aa R10PF RBC FEB 35.50
MORTGAGE D0C-.35 73.15
THIS MORTGAGE("Security Instrument")is given on 50*O . The Mortgagor is:
Sonia Moore a married woman,joined by her spouse Eddie Moore
("Borrower'). This Security Instrument is given to Collier County ("Lender"),which is organized and existing under the
laws of the United States of America,and whose address is 3050 North Horseshoe Drive.Suite 110.Naples.Florida 34104,
Borrower owes Lender the sum of Twenty Thousand Eight Hundred Nineteen dollars and no/100
(20,819.2 61 This debt is evidenced by Borrower's Note dated the same date as this Security Instrument("Mortgage"),which
provides for the full debt,if not paid earlier,due and payable on transfer of title,sale of property,refinance,or loss of homestead
exemption.This Mortgage will be forgiven at the ten(101 year anniversary date of mortgage.This Security Instrument secures
to Lender.(a)the repayment of the debt evidenced by the mortgage,and all renewals,extensions and modifications;(b)the
payment of all other sums,under paragraph 7 to protect the security of the Security Instrument;and(c)the performance of
Borrower's covenants and agreements under this Security Instrument and the Mortgage For this purpose,Borrower does hereby,
convey to Lender the following described property located in Collier County,Florida.
More particularly described as:Lots and 5,Block 28,Tier 10,Plan of Naples,according to the plan thereof as recorded
in Plat Book 1,page 8,Public records of Collier County Florida. Folio#14050240000
and which has the address of
("Property Address") 964 7'"Ave N Naples,Fl 34102
TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights,
appurtenances,rents,royalties,mineral,oil and gas rights and profits,water rights and stock and all fixtures now or hereaftera part
of the property.The Security Instrument shall also cover all replacements and additions.All of the foregoing is referred to in this
Security Instrument as the"Property'.
BORROWER COVENANTS that Borrower is lawfully seized of the property described above,and has the right to
mortgage,the Property and that the Property is unencumbered,except f of record.Borrower warrants and will defend generally the
title to the Property against all claims and demands,subject to any encumbrances of record.
THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited
variation by jurisdiction to constitute a uniform securit lnstnfinenbeou ring real property.
UNIFORM COVENANTS. Borrower a d-C"e �v nag ee as follows:
1. TERMS: The Borrower)of this Mo eN ya eer gr�'e ed Repayment )
Loan.the terms of which are intended to e e n Home Investor n - hip Act(HOME)funds utilized to facilitate the
rehabilitation of this Property are recaptur 'Utilized to assist another low, rnco,e home owner with rehabilitation unless the
affordability requirements are met.
The terms of this Mortgaj a dd not requi thatpaymen be made as lung as the makers comply with the
following conditions and provisions: \
� '
Borrower shall occupy the Pro rty s th it nn p ;es ce. u ettir�g of he Property is not allowed even on a
temporary basis. Failure to abide tyfthg�hrjn '3 pin eq ,emenj3 c htt i foreclosure. The Borrower shall be
required to submit proof of principal r ncy to Collier ounty on arglannua asisq'ning on the anniversary of the first-year
occupancy and annually until the end e en-year amortization pendfl)Su prodtea I include:proof of homestead exemption,
copies of paid receipts for taxes and it u ce,and copies of insuranfrg fca{@31 owner-occupied Property listing Collier
County as Mortgage Holder. If the Borrgw�r)ails to provide sufficient ' f,Jof o1/40,01 ncy in a timely manner,the Lender may
contract with an independent title comps rto pl,rform the necessary title re4.errti lion,the cost of which will be added to the
principal amount of this Mortgage. `a,
In the event the Borrower cease prim ' al c q gh,sjrtr`,seel..o"in any manner dispose of all or a portion of the
Property which is subject to the Mortgage prior to f lfiq the' 'mei:deettt.and the end of the amortization,then the principal amount
of this Mortgage shall become immediately due and paya`bl —--
The Borrower shall not refinance the indebtedness secured by this Mortgage.The Lender prior to granting approval shall
review the proposed refinancing in order to ensure that there will be sufficient equity after the proposed refinancing to recapture the
HOME monies. The Lender consents to any agreement or arrangement in which the First Lender waives,postpones,extends,
reduces or modifies any provisions of the First Note or the First Mortgage,including any provision requiring the repayment of
money.
The Borrower shall immediately contact the Lender to obtain approval should they desire to transfer,assign,sell or in any
manner dispose of all or a portion of the Property,which is subject to this Mortgage prior to fulfilling this agreement and the end of
the amortization period.Contacting the Lender will also ensure that the Security Instrument may be appropriately reduced
incrementally for each year of the affordability period,according to an amortization schedule based on the anniversary date of the
date the mortgage was recorded.The Lender shall have the authority to disapprove any disposal where the proceeds of such
would be less than fair-market value as determined by an independent appraisal by a State Certified Residential Appraiser. f
there are no net proceeds from the foreclosure,repayment is not required and HOME requirements are considered to be satisfied.
In the event of the death of the Borrower(s)prior to expiration of the,affordability period has been attained,all of the debt
will be forgiven.
2.Taxes.The Mortgagor will pay all taxes,assessments,sewer rents or water rates prior to the accrual of any penalties
or interest thereon.
The Mortgagor shall pay or cause to be paid,as the same respectively become due,(AX1)all taxes and governmental
charges of any kind whatsoever which may at any time be lawfully assessed or levied against or with respect to the Property,(2)all
utility and other charges,including"service charges",incurred or imposed for the operation,maintenance,use,occupancy,upkeep
and improvement of the Property,and(3)all assessments u other governmental charges that may lawfully be paid in installments
over a period of years,the Mortgagor shall be obligated under the Mortgage to pay or cause to be paid only such installments as
are required to be paid during the term of the Mortgage,and shall,promptly after the payment of any of the foregoing,forward to
Mortgagee evidence of such payment
3. Application of Payments. Unless applicable law provides otherwise,all payments received by Lender shall be
applied;first,to principal due;and last,to any late charges due under the Mortgage.
4. Charges;Liens. Borrower shall pay all taxes,assessments,charges,fines and impositions attributable to the
Property,which may attain priority over this Security Instrument,and leasehold payments or ground rents,if any.Borrower shall
promptly furnish to Lender all notices of amounts to be paid under this paragraph,and all receipts evidencing the payments.
Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower(a)agrees in writing to
the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien by,or
defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the enforcement of
the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security
Instrument. If Lender determines that any part of the Property is subject to a lien,which may attain priority over the Security
Instrument,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the
actions set forth above within 10 days of the issuance of notice.
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5. Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
Property insured against loss by fire,hazards included within the term"extended coverage"and any other hazards,including floods
or flooding,for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that
Lender requires.The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval,which
shall not be unreasonably withheld. If Borrower fails to maintain coverage described above,Lender may,at Lender's option,obtain
coverage to protect Lender's rights in the Property in accordance with paragraph 7.At all times that the Mortgage is outstanding,
the Mortgagor shall maintain insurance with respect to the Premises against such risks and for such amounts as are customarily
insured against and pay,as the same become due and payable,all premiums in respect thereto,including,but not limited to,all-
risk insurance protecting the interests of the Mortgagor and Mortgagee against loss or damage to the Premises by fire,lightning,
and other casualties customarily insured against(including boiler explosion,if appropriate),with a uniform standard extended
coverage endorsement,including debris removal coverage. Such insurance at all times to be in an amount not less than the full
replacement cost of the Premises,exclusive of footings and foundations.
All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.Lender
shall have the right to hold the policies and renewals.If Lender requires.Borrower shall promptly give to Lender all receipts of paid
premiums and renewal notices. In the event of loss,Borrower shall give prompt notice to the insurance carrier and Lender.Lender
may make proof of loss if not made promptly by Borrower.
Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair of
the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration
or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be applied to the sums
secured by the Security Instrument,whether or not then due,with any excess paid to Borrower. If Borrower abandons the
Property,or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim,then
Lender may collect the insurance proceeds.Lender may use the proceeds to repair or restore the Property or to pay sums secured
by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is mailed. Unless Lender and
Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or postpone the due date of the
monthly payments referred to in paragraph 1 or change the amount of the payments. If under paragraph 21 the Property is
acquired by Lender,Borrower's right to any insurance policies and proceeds resulting from damage to the Property prior to the
acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition.
6.Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application,
Leaseholds. Borrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the
execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least the
affordability period r after the date of occupancy, unless Lender otherwise agrees in writing,which consent shall not be
unreasonably withheld,or unless extenuating circumstances exist which are beyond Borrower's control.Borrower shall not destroy
damage or impair the Property,allows the Property to dete' rate commit waste on the Property.Borrower shall be in default if
any forfeiture action or proceeding,whether civil or .--�ia.Lender's good faith judgment could result in forfeiture
of the Property or otherwise materially impair th ie i_,Ji. ' tfty't stniment or Lender's security interest. Borrower
may cure such a default and reinstate,asp vi J. aragraph 18,b cis' a action or proceeding to be dismissed with a
ruling that,in Lender's �� P 9
n9 good faith determi ro} recludes forfeiture of theBo �s interest in the Property or other material
impairment of the lien created by this`Secur'ty Instrument or Lender's seta interest. Borrower shall also be in default if
Borrower,during the loan application process',g ve matenally.false q n ccurateinfornation or statements to Lender(or failed to
provide Lender with any material inforynatio,)in n n ye.the loan videnceif}by th Mortgage,including,but not limited to,
representations concerning Borrowel's o n of .. F.i esid nee. if this Security Instrument is on
leasehold,Borrower shall comply wit r all t, p vl moth I as-. , :o.. ulres f e title to the Property,the leasehold and
the fee title shall not merge unless nd ag ees t rg‘r n!••,• rig.
7. Protection of Lende i t in �e . I):o r f ils lo=pe orn the covenants and agreements
contained in this Security Instrumen o e1e-i leg hp..-• at m nil ,affect Lender's rights in the Property
pado
(such as a proceeding in bankruptcy, rota e,for condemnation or f. =inure o toe o aws or regulations),then Lender may do
and pay for whatever is necessary to[hot\ e value of the Property.: Lead ts in the Property. Lender's actions may
include paying any sums secured by a Ire 'ch has priority over this S‘. r ty,(r'(pt�m nt,appearing in court,paying reasonable
attorneys'fees and entering on the Prop o?rr ke repairs. Although Len ejrnayteake action under this paragraph 7,Lender
does not have to do so. Any amounts di buret Lender under this paragraph 7 shall become additional debt of Borrower
secured by this Security Instrument. . NI,' \)�*/
rt
8. Mortgage Insurance. if Lender requirr 1 ce as a condition of making the loan secured by this
Security Instrument,Borrower shall pay the premiums Fequired•tamaintain the mortgage insurance in effect lf,for any reason,the
mortgage insurance coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to
obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substantially equivalent to the cost
to Borrower of the mortgage insurance previously in effect,from an alternate mortgage insurer approved by Lender.if substantially
equivalent mortgage insurance coverage is not available,Borrower shall pay to Lender each month a sum equal to one-twelfth of
the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to be in effect.
Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance.Loss reserve payments may no
longer be required,at the option of Lender,if mortgage insurance coverage(in the amount and for the period that Lender requires)
provided by an insurer approved by Lender again becomes available and is obtained.Borrower'shall pay the premiums required to
maintain mortgage insurance in effect,or to provide a loss reserve, until the requirement for mortgage insurance ends in
accordance with any written agreement between Borrower and Lender or applicable law.
9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
10.Condemnation.The proceeds of any award or claim for damages,direct or consequential,in connection with any
condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnation,are hereby assigned and shall
be paid to Lender.In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security
Instrument,whether or not then due,with any excess paid to Borrower. In the event of a partial taking of the Property,in which the
fair market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this
Security Instrument immediately before the taking,unless Borrower and Lender otherwise agree in writing,the sums secured by
this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction:(a)the total amount of
the sums secured immediately before the taking,divided by(b)the fair market value of the Property immediately before the taking.
Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property
immediately before the taking is less than the amount of the sums secured immediately for the taking,unless Borrower and Lender
otherwise agree in writing or unless applicable law otherwise provides,the proceeds shall be applied to the sums secured by this
Security Instrument whether or not the sums are then due.Unless Lender and Borrower otherwise agree in writing,any application
of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 or change
the amount of such payments.
11.Borrower Not Released,Forbearance by Lender Not a Waiver. Extension of the time for payment or modification
of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall
not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to
commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of
the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borower's successors in
interest.Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right
or remedy.
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12. Successors and Assigns Bound;Joint and Several Liability;Co-Signers.The covenants and agreements of
this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the Provisions of
Paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who cr...-signs this Security
Instrument but does not execute the Note;(a)is co-signing this Security Instrument only to mortgage,grant and convey that
Borrowers interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums
secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear or
make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent.
13.Loan Charges. If the loan secured by this Security Instrument is subject to a lawwhich sets maximum loan charges,
and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan
exceed the permitted limits,then:(a)any such loan charge shall be reduced by the amount necessary to reduce the charge to the
permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower.
Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Bonower.
If a refund reduces principal,the reduction will be treated as a partial prepayment without any prepayment charge under the Note.
14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it
by first class mail unless applicable law required use of another method.The notice shall be directed to the Property Address or
any other address Borrower designates by notice to Lender.Any notice to Lender shall be given to Borrower or Lender when given
as provided in this paragraph.
15. Governing Law;Severability. Federal law and the law of the jurisdiction in which the property is located shall
govern this Security Instrument. In the event that any provision or clause of this Security Instrument or the Note conflicts with
applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect
without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared to be severable.
16. Borrowers Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
17.Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it
is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)without
Lender's prior written consent,Lender may,at its option,require immediate payment in full of all sums secured by this Security
Instrument. However,Lender shall not exercise this option if federal taw as of the date of this Security Instrument prohibits
exercise.
If Lender exercised this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period of not less than
30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security
Instrument. If Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any remedies permitted by
this Security Instrument without further notice or demand on Borrower.
18. Borrowers Right to Reinstate. If Borrower meets certain conditions,Borrower shall have the right to have
enforcement of this Security Instrument discontinued at y-tim nor to the earlier of:(a)5 days(or such other period as
applicable law may specify for reinstatement)bef�•s e['Wipe, ursuant to any power of sale contained in this Security
Instrument;or(b)entry of a judgment enforcinp.t Is t Innstrcrtte qs conditions are that Borrower.(a)pays Lender all
sums which then would be due under this S nSfment and the e�o acceleration had occurred;(b)cures and
default of any other covenants or agreemen s pays all expenses
incurred in enforcing this Security Instrurent,) dudinq,but not limited to,reasonable ttomeys fees;and(d)takes such action as
Lender may reasonably require to ass re that tli lien of this-Security Instniment en Br's rights in the Property and Borrower's
obligation to pay the sums secured b this$ecuri y Insthomept-shall cont) ue unch ngei! Upon reinstatement by Borrower,this
Security Instrument and the obligations s rechherepyshalf er tarTfnll effective s if n6 acceleration had occurred. However,
this right to reinstate shall not apply jn th she ot�Lnceceler tioh tInde par ra�(1`fl7\
19. Sale of Note;Change of oa Servic�r. h of -or'a p ial interest i the Note(together with this Security
Instrument)may be sold one or mor�t}timg thgy rtt„iofi tolBr rower. sale rr( ult in a change in the entity(known as
the"Loan Servicer")that collects mot tply a nts due to d r Fhe fYote and(ffis S Instrument. There also may be one or
more changes of the Loan Servicer�Jlrirgln to a sale of the Note. t'there i a chang of the Loan Servicer,Borrower will be
given written notice of the change in actor ce with paragraph 14 and pli ble law he notice will state the name and address
of the new Loan Servicer and the addres i .which payments should beFrriade Then?tice will also contain any other information
required by applicable law. r \ ,t„- /
20.Hazardous Substances.Boroo njr hall not cause or perinitthepresence,use,disposal,storage,or release of any
Hazardous Substances on or in the Property. Botrowar hall-not-do%horallpv3;anyone else to do,anything affecting the Property
that is in violation of any Environmental Law.The pre6eth pglwti eintencesshall not apply to the presence,use,or storage on the
Property of small quantities of Hazardous Substances thatare.general(y recognized to be appropriate to normal residential uses
and to maintenance of the Property.
Borrower shall promptly give Lender written notice for any investigation, claim, demand, lawsuit or other action by any
governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of
which Borrower has actual knowledge. If Borrower learns,or is notified by any governmental or regulatory authority,that any
removal or other remediation of any Hazardous Substance affecting the Property is necessary,Borrower shall promptly take all
necessary remedial actions in accordance with Environmental Law.
As used in this paragraph 20,"Hazardous Substances"are those substances defined as toxic or hazardous substances by
Environmental Law and the following substances: gasoline, kerosene,other flammable or toxic petroleum products,toxic
pesticides and herbicides,volatile solvents,materials containing asbestos or formaldehyde,and radioactive materials.As used in
this paragraph 20,"Environmental Law"means federal laws and laws of the jurisdiction where the Property is located that relate to
health,safety or environmental protection.
21.Acceleration;Remedies.Lender shall give notice to Borrower prior to acceleration following Borrower's breach of
any covenant or agreement in this Security Instrument(but not prior to acceleration under paragraph 17 unless applicable law
provides otherwise).The notice shall specify:(a)the default;(b)the action required to cure the default;(c)a date,not less than 30
days from the date the notice is given to Borrower,by which the default must be cured;and(d)that failure to cure the default on or
before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument,foreclosure by
judicial proceeding and sale of the Property.The notice shall further inform Borrower of the right to reinstate after acceleration and
the right to assert in the foreclosure process the non-existence of a default or any other defense of Borrower to acceleration and
foreclosure. If the default is not cured on or before the date specified in the notice,Lender,at its option,may require immediate
payment in full of all sums secured by this Security Instrument without further demand and may foreclose this Security Instrument
by judicial proceeding. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph
21,including,but not limited to,reasonable attorneys fees and costs of the title evidence.
22. Release. Upon payment of all sums secured by this Security Instrument,Lender shall release this Security
Instrument,without charge,to Borrower. Borrower shall pay any recordation costs.
23.Attorneys'Fees.As used in this Security Instrument and the Note,"attomeys'fees"shall indude any attorneys'fees
awarded by an appellate court.
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24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this
Security Instrument,the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement
the covenants and agreements of this Security Instrument as if the rider(s)were a part of this Security Instrument. (Check
Applicable Box)
n
U Adjustable Rate Rider u _
Rate Improvement Rider L_1 Condominium Rider
r-i r-i
u Graduated Payment Rider 1J 1-4 Family Rider U Second Home Rider
r-i
U Balloon Rider u Biweekly Payment Rider u Planned Unit Development Rider
r-i
U Other(s)(specify
SIGNING BELOW,Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any
rider(s)executed by Borrower and recorded with it.
Signed,sealed and d vere n the presence of:
Witness Signature: �\\x
(i-2.-7,_,,,,_____;111 Signature ze- ..IGLU
/`47 rtr Bo 'a .ore
Witness Print Name:c l{ / �� Signature. ,......14t11.-. . ■
Borr. r> Eddie Moore
Witness Signature: ,Q� ".". -∎C, , " C,
Witness Print Name: 1 1, crk,J
STATE OF Florida _
COUNTY OF Collier
I hereby certify that on this day,before e,rar1,, fi r d tau it ed in the state aforesaid and in the county aforesaid to
take acknowledgements,personally appear •iQ v .eirl c.' krji" -,-/!cafe known to be the person(s)described in and
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who executed the foregoing instrument'and acknewledger before me that HE/ HE/THEY executed the same for the purpose
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therein expressed.
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WITNESS my hand and official sea(in I Cduunty4ndS tat? re ad this,), �Jr(1,014/, )t .
! 0 11 CL�3
!My Commission Expires: = .1C). `}, 1 /
No(ary Publ s`Si 1 { I
Notary's Pnnl Nate i, ' �
(SEAL) f;
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Return to:Collier County FAH •• . 12.2012
Single Family Rehabilitation Loan Program "'�'
2800 N.Horseshoe Drive,Suite 400
Naples,FL 34104
Project#HM 03-04-0050
.arm
Packet Page-616-
3/8/2016 16.D.5.
Prepared by:Mandy Moody
Collier County
Community and Human Services Divivsion
3339 E.Tamiami Trail
Naples,FL 34112
THIS SPACE FOR RECORDING
SATISFACTION OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS: That COLLIER COUNTY, whose post office address is
3299 E TAMIAMI TRAIL, NAPLES, FLORIDA 34112, the owner(s) and holder(s) of a certain
Mortgage executed by Sonia and Eddie Moore to COLLIER COUNTY, recorded on 05/30/2008 in
Official Records Book 4365, Page 2399, of the Public Records of Collier County, Florida, securing a
principal sum of$20,819.26 and certain promises and obligations set forth in said Mortgage, upon the
property described in the aforementioned mortgage.
COLLIER COUNTY hereby acknowledges satisfaction of said Mortgage, and surrenders the same as
cancelled,and hereby directs the Clerk of said Circuit Court to cancel the same of record,
This Satisfaction of Mortgage was approved by the Board of County Commissioners on -
, 2016, Agenda Item Number
ATTEST: BOARD OF COUNTY COMMISSIONERS
DWIGHT E. BROCK, CLERK OF COLLIER COUNTY, FLORIDA
By: By:
,DEPUTY CLERK Chairman Donna Fiala,District 1 Commissioner
Approval for form and legality:
Jennifer A. Belpedio fetY
Assistant County Attorney
Packet Page -617-
3/8/2016 16.D.5.
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