Agenda 02/25/2014 Item #16D 32/25/2014 16.D.3.
EXECUTIVE SUMMARY
Recommendation to approve two satisfactions of State Housing Initiatives Partnership Program
(SHIP) mortgages on the same property in accordance with the Board's Short Sale Policy,
accepting $1,000 to satisfy a combined mortgage amount of $7,968 on one property.
OBJECTIVE: To support the affordability of housing in Collier County through downpayment and
emergency repair and /or rehabilitation assistance program.
CONSIDERATIONS: The State Housing Initiatives Partnership Program (SHIP), a state affordable
housing grant, offers assistance to first -time homebuyers for use toward down payment, emergency
repairs and/or rehabilitation. As a condition of award, the homeowner must repay the assistance provided
upon sale, refinance or loss of homestead exemption.
On February 28, 2012, Agenda Item 16.D.7, the Board of County Commissioners approved a Short Sale
Policy for the SHIP program. The Short Sale Policy provides a settlement amount toward the down
payment assistance in the amount of 6% of the Collier County loan or $6,000.00 (whichever is less but
never less than $500) in an effort to facilitate a Short Sale. The recipient, as the seller of the property,
must not receive funds from the short sale.
The following table contains relevant details of this Short Sale. Staff evaluated each mortgage separately
under the Short Sale Policy. The recipients received no funds from the short sale as evidenced by the
HUDI Settlement Statement. The below client was assisted with downpayment assistance in 1999 with
the purchase of their property and emergency repair assistance for health and safety in 2001 due to a
failed drainfield.
Once executed, the mortgage satisfactions will be recorded in the Public Records of Collier County,
Florida.
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Payoff
First/Fourth
Amount of
Mortgage
the
First Mortgage
Accepted
SHIP Mortgage
second /third
Public Record &
Payoff
Public Record &
mortgage
File
Recipient
date of mortgage
HUD] Line
date mortgage
HUD1 Line
Number
Name
signed
504/507
signed
5051506
99 -063
Manuel Urbay
& Lilia Urbay
$72,598.00
$83,001.91
$5,000.00
$500.00
OR:2545PG:1465
OR:3087/PG:0787
05/05/1999
08/07/2002
Second Mortgage
02 -027
Manuel Urbay
Rehab
& Lilia Urbay
$2,968.00
$500.00
OR:2936/PG:2762
11/5/2001
Third Mortgage
Total
$7,968.00
$1,000.00
Once executed, the mortgage satisfactions will be recorded in the Public Records of Collier County,
Florida.
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2/25/2014 16.D.3.
FISCAL IMPACT: The repaid amount of $1,000.00 is considered program income and has been
deposited in SHIP Grant fund 791, Project 33258. Such funds may be reused for eligible SHIP program
activities. The ten dollar ($10.00) recording fee will be paid by the homeowner.
LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires majority vote
for approval. — JAB
GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this
item.
RECOMMENDATION: That the Board of County Commissioners approves and authorizes the
Chairman to sign two satisfactions of mortgage that have satisfied the terms of the Short Sale Policy.
Prepared By: Wendy Klopf, Operations Coordinator, Housing, Human and Veteran Services
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2/25/2014 16.D.3.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.16.D.16.D.3.
Item Summary: Recommendation to approve two satisfactions of State Housing
Initiatives Partnership Program (SHIP) mortgages on the same property in accordance with the
Board's Short Sale Policy, accepting $1,000 to satisfy a combined mortgage amount of $7,968
on one property.
Meeting Date: 2/25/2014
Prepared By
Name: K1opfWendy
Title: Operations Coordinator,Housing, Human & Veteran Se
1/29/2014 1:59:15 PM
Submitted by
Title: Operations Coordinator,Housing, Human & Veteran Se
Name: K1opfWendy
1/29/2014 1:59:17 PM
Approved By
Name: KushiEdmond
Title: Accountant, Housing, Human & Veteran Services
Date: 2/3/2014 2:28:14 PM
Name: TownsendAmanda
Title: Director - Operations Support, Public Services Division
Date: 2/4/2014 2:30:47 PM
Name: SonntagKristi
Title: Manager - Federal /State Grants Operation, Housing, Human & Veteran Services
Date: 2/7/2014 10:49:16 AM
Name: GrantKimberley
Title: Director - Housing, Human and Veteran S, Housing, Human & Veteran Services
Date: 2/7/2014 12:10:14 PM
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2/25/2014 16.D.3.
Name: Bendisa Marku
Title: Supervisor - Accounting, Housing, Human & Veteran Services
Date: 2/7/2014 2:47:12 PM
Name: AlonsoHailey
Title: Operations Analyst, Public Services Division
Date: 2/13/2014 10:39:00 AM
Name: DoriaPriscilla
Title: Grants Coordinator, Housing, Human & Veteran Services
Date: 2/14/2014 8:59:57 AM
Name: CarnellSteve
Title: Administrator - Public Services, Public Services Division
Date: 2/14/2014 9:22:02 AM
Name: BelpedioJennifer
Title: Assistant County Attorney, CAO General Services
Date: 2/14/2014 9:55:11 AM
Name: RobinsonErica
Title: Accountant, Senior, Grants Management Office
Date: 2/14/2014 12:02:20 PM
Name: BelpedioJennifer
Title: Assistant County Attorney, CAO General Services
Date: 2/19/2014 2:14:30 PM
Name: KlatzkowJeff
Title: County Attorney,
Date: 2/19/2014 2:32:34 PM
Name: StanleyTherese
Title: Management/Budget Analyst, Senior, Grants Management Office
Date: 2/19/2014 2:42:29 PM
Name: OchsLeo
Title: County Manager, County Managers Office
Date: 2/19/2014 3:34:56 PM
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Prepared by: Wendy Klopf
Collier County
Housing, Human & Veteran Services
3339 E. Tamiami Trail
Naples, FL 34112
SATISFACTION OF MORTGAGE
2/25/2014 16.D.3.
THIS SPACE FOR RECORDING
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 Manuel Urbay and Lilia Urbay to COLLIER COUNTY, bearing the
date of May 5, 1999 , recorded May 11, 1998 , in Official Records Book 2545 , Page
1465 , of the Public Records of Collier County, Florida, securing a principal sum of $ 5,000.00 and
certain promises and obligations set forth in said Mortgage, upon the property described in the
aforementioned Mortgage.
COLLIER COUNTY hereby acknowledges payment and satisfaction of said Mortgage, in accordance
with Collier County Short Sale Policy, approved by the Board of County Commissioners on February 28,
2012, Agenda Item 16.D.7, and surrenders the same as cancelled, and hereby directs the Cleric of said
Circuit Court to cancel the same record.
This Satisfaction of Mortgage was approved by the Board of County Commissioners on -
2014 Agenda Item Number
ATTEST:
DWIGHT E. BROCK, CLERK
, DEPUTY CLERK
Approval for form and legality:
Jennifer A. Belpedio
Assistant County Attorney
CA
BOARD OF COUNTY COMMISSIONERS
OF COLLIER COUNTY, FLORIDA
TOM HENNING, CHAIRMAN
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CSC,,
2" mortgage form 0
2/25/2014 16.D.3.
2475180 OR: 2545 FG: 14b)
UCOO D is 0111C111, OCOIDS of C01,1.I11 MM, 11
15/11/1111 at 11:5041 11111121 1. MCI, CUK
NO
30
SECOND MORTGAGE 11C 111
D0C JS
salo.11
15.11
17, It
In -.102 10.10
THIS SECOND MORTGAGE ('Security Instrument') is given on May51:4�99 Tne "o Mortgagor rs
?111111 1.11111
rranu.l orbay and)KII 11101" Nil
Husband and Wife GlL1S IL III"
('BOnowerj. This Security Instrument Is given to _ Collier County I anderl. whim is orgaruzed aIK1
axbeng stolen the laws of the thvled States of America. and whose address is 2800 North Horseshoe Drive,
r,aPTa rlorida 34010. Borrower owes Lender the sum ol Five Thousand Dollars (U.S. $ S, 000. 00 )
r nvs � s evgenced by Borrowers NON dated the some date as this Security Instrument Mortgage`), which provdes for
monthly paynnrmt, with the full debt, it not paid earlier, due and payable on sale, of property, refinance, or
loss of homestead exemption . This Security Instrument secures to Lander: la) the repayment of the debt evwfernceti by
the We, with Interest, and all renewals. exlenslirns and moddicalibns. (b) the payment of all other sums, with Interest advanced
under paragraph 7 to poled the security of the Security Instrument; and Ie) the performance of Borrower's covenants and
agreems; under this Secway, Irxtrumem and the Note. For this purpose. Borrower does hereby second mortgage, grant and
convey to Lwttlw Ilia following desixibad property located in Collier County, Florida
As mom pertlg4ariy described all Golden Gels unit 4 Nock 139 Lot 27 and wfsch has the alldress of
('Property, Address"): 1981 48uh St SW
INQU
Naples rloricia 34116
- -R
TOGETHER WITH all the improvements, now or h.Cresher erec.-lad on the property, and as easements, rights,
appurtenances, rents, royanies. mineral, oil and gas highly aixh profits, water rights and stock and all fixtures now or hereafter apart of
the property. All replacements and additions shall also be covered by the Security Instrument. All of the foregoing is referred to in
this Security Iroaturnerlt as the "Properly".
BORROWER COVENANTS that Borrower is lawfully seized of the estate nereoy conveyed and has the right to mortgage.
grant and convey, the Property and that the Property is un..ricumbered, except for encumbrances of recaru Borrower warrants and
will defend generally the title to the Property against all claims and demands, subject to any encumbrances ul record
THIS SECURITY INSTRUMENT combines uniform is for national use and nonuniform covenants win hmilt;d
variation by jurisdiction to constitute a uniform III i t ppwovpprr�� al property.
T UNIFORM COVENANTS. Borrower a e ht�nd follows
ed 1. Payment of Principal and In ant and La Borrower shall promptly poly when Cue the
Q,� I of and interest on the debt evident ore r.
u, 2. Taxed. The Mortgagor will all as, as34stiments. sewer rents n oral r rates prior io It W accrual of any penalties Of
S l3. m i s,6, tihareon.
0 C The Mortgagor ehail pay o ca e he same r rvely , (A)11) all taxes and governmental
Of
any kind Whatsoever whim lay a b be I s or Iewi 1 W wth respect IO Itle Property. (2) at
..1 and other charges, including 's ice u i Ili IWn, intenance, use, occupancy, upkeep
ImlprWerihefiI d the Property, and 3) 8 153. 1 Or r W r ss t t may IdWlully W paid in Installments
Q a jenod d years, the Mortgage I o rya u t age t or to be paid Dray such installments as are
ed to be paid durt rg the term d after any of the foregoing, forward to
evidenced •ueh psYinarll. r"
• S. AP9YCatbn of Payments s apWcable tow provid herwillle. I received by Lorlow shall oe appl:ed.
C�YVa_,•-•1. to kiWfet dus; arid, to pnncipsl d t, to any late charges r
1. Ghasysa; Lions. Borrower all taxes, assessments, c and impositions attributable tome Property
eMliCft may attain pri" over this Security I. and leasehold paymen nd rents. of any Borrower shall promptly
furnish to Lender all notices of amocM to be his paragraph r pis evidencing the payments
Borrower snap promptly discharge any - t unity Instrument unless Borrowers (a) agrees in
wdting to the payment M the obligation secured by t rr�rj. able to Lender: (b) contests in good faith the hen by, or
calends agakrl enforcement of the lien In, legal proceeding Lender's corwon operate to proven the enforcement of the
lien: or (e) secures from the holder of the lien on agreement satisfactory to Lender subordinating me Iran to this Security Instrument If
Lander determines that any part of the Properly is subject to alien which may attain priority over the Security Instrument. Larder may
give BMtlwat a notice identifying the ken. Borrower shall satisfy the lien a take one at more of the actions set lorin above within IC
days of the giving of notice.
L Howard or Property fnsuranea. Borrower shall keep the improvements row existing or hereafter elected on the
Property irUlrad against Im by fire, hazards included within the term "extended coverage' and any Omer hazdros. Incluaing floods of
flooding, for wfreh Lender requires insurance. This insurance shall be maintained In the amounts ano for Ire per K)ds thin L erner
requires. The Insurance r.arner pravrdrng the insurance shall be chosen by Borrower sublecl to Lenders approval which shall rat be
wveai0rhably withheld. 11 Borrower fails to maintain coverage descnoed above. Lender may. at Lerroer's uplwn. dbtanl coverage to
protect Larxfers rights in the Property m accordance with paragraph 7. At an times that the Note Is eutslar tluiy, the Mortgagor shat
naintakt 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. at -nsk Insurance piuiectrng ire
Interstate; of that Mortgagor and Mortgagee against loss or damage to the Premises by fire, lightning, and whet casualties customarily
Insured against (unciud'ng boiler explo6ion, d appropriate), with a uniform standard extended eovetage erWonsenhent, including debits
r'arrhovel coverage. Such Insurance at all limes to be In an amount not less than the full replacement cost Of the Premises, exl.lU5lwe
of footings and foundations.
AN insurance policies and renewals shall be acceptable to Lender and shall Include a standard mienyage clause Lender
shall have Ire tghs to hold the policies and renewals. It Lender requires, Borrower shalt promptly give to Lender all receipts of Palo
premiums and renewal notices. In the ( rentt of loss, Burrower shaft give prompt notice to the Insurance carrier and Lender Lender
may make prowl of toes it not made promptly by Borrower
Lkili se Lender and borrower otherwise agree in writing, insurance proceeds shalt be applied to restoration or repair of tine
Property damaged, 0 the restoration or repair is economically feasible and Lender's security is not Iossened If the restoration or
repair is not scnonticaly feasible or L~s security would be lesserwid, the Insurance proceeds shall be applied to the sums
secured blithe Seventy Instrument, whether of not then due, with any excess paid to Borrower. If Borrower abandons the Pfolpeny,
or does not answer within 30 days a notice from Lender that the Insurance carrier has offered to settle a claim then Lender may
cdleel lms Insurance proceeds- Lender may use the proceeds to repair or restive the Property at to pay suns secured by mw
Security Inslnnlant, whether or not then due. Tho 30-day period will begin when the notice is mailed Unless Lender and Son ower
Othenise agree in writing, any application of proceeds to principal shall not extend or postpone Ine due dale of the Irronthly payments
referred to In paragraph 1 or charge the amount of the payments. It under paragraph 21 the Property is acquired by Lender.
Borrowers right to tiny insurance policies and proceeds resulting from damage to the Property prior to the acquisition Shall pass to
letter to the extent of the sums secured by this Security Instrument immediately prior to the acclursnion.
a. OcWperasyi Preserv■tlon, MafMenence and PrOtectlon of the Property; Yorrowar's Loan Application, Laasahoids.
Borrower shall occupy, establish, and use the Property as BOrhoweet principal fesidence within sixty days atlet the execulxrn Of this
Security Instrunarht and waft continue to Occupy the Property as Bomoweis principal residence for at least one year aver the Cate at
Occupancy, unlow Larder otherwise agrees In writing. which consent shall not be unreasonably withheld, or unless exletruabng
circuRatanGes exist which are beyond Borrowers control. Borrower shall not destroy, damage rX impa:r the Property, allow ins
Properly to delonorsta, or commit waste on the Progeny. Borrower shall be In default if any forfeiture action or rvoceeding, whether
civil or chminal, Is begun that in Lenders good tarn judgment could result in forfeiture of the Property or otherwise materially :mpair
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2/25/2014 16.D.3.
OR: 2545 PG; 1460
2° rnongsge form O
the lien created by this Security Instrument or Lender's security interest. Borrowur may cure such a dol and reinstate, as provided
in paragraph IS, by causing the action or proceeding to be dismissed with a ruling that, in Lender's good faith determination.
precludes Wafture of the Borrower's interest in the Property or other material impairment of the Iran created by this Security
Instrument or Lenders security interest Borrower shall also be in default it Borrower, during the loan application process, gave
rnateriatly false or in locurste information or statements to Larder (or faded to provide Lender with any material intormaeron) in
connection with the loan evidenced by the Note, including, but nut kmited to, representatlors concerning Borrower's occupancy of the
Properly ore a principal residence. fl this Security Iristfument Is on* leasehold, Borrower shall comply with all the provision of the
lease. M Borrower acquires tee title to the Property, the leasehold and "fee title snarl not merge unless Lender agrees to the
merger in yMrillrlg,
T. Probation of Lender's R(ghfs In the Property, If Borrower falls to perform the covenants and agreements u ontained in
this Security Instrument, or Insole is a legal proceeding that may significantly affect Lender's rights in the Property (such as a
proceeding in bankruptcy, probate, for condemnation or forfeiture of to enforce laws or regulations). then Lender may do and pay for
whatever is ntscebsery to proted the value of the Property and Lender's rights in the Property. Lender's achdra may include paying
any sums secured by a Ilan which has pity over this Security instrument, appearing in court. paying reasonable anornays' fees and
entering on the Property to make repairs. Although Lender may take action under this paragraph 7, Lender Oues not have to do SO
Any smotrU disbursed by Lander under this paragraph 7 shall become additional debt of Borrower secured by this Security
Instrument, Untmws Borrower and Lender agree to other terms of payment, these amounts shall bear mteresl horn the date of
d sburesiment at the Nits rate and shall be payable, with interest, upon notice from Lender to Borrower requesting payment
s. Me 1pape InruranC:e. If Lender required rrhongeope insurance as a condition of mating to loan secured by this Security
Inrrtru mertL Borrower shell pay the premh ern required to ttantan the mortgage insurance in effect Il tO/ any reason, the mortgage
insurance covers" required by Lender ispsse or ceases to to In effect, Borrower shelf pay the premiums required to obtain coverage
subatarlaaay, OQAVW nt to the morlgaga insurance prevlousty In *tied, at a cost suintanttally equivalent III the Cost to Borrower of the
mar"" insurance prwio lety in effect. from an alternate mortgage, insurer approved by Lender. t substantially equvaient mongaoe
Insurance coverage is rot avuable, Borrower shall pay to Lanier each month a surn equal to onetweifth of the yeany mortgage
insurance prenrlunn being pad by Borrower itRen the insurance coverage lapsed or coned to be to effect. Lender will accept. use
and rataln those Poynter" as a loss reserve in feu Of mortgage insurance. Loss reserve payments may m longer be requmed, at the
option of Laidet, M mortgage insurance coverage (in the amount end for the period that Lender requires) provided by an insurer
approved by Lfrrdw again becomes available and is obtained. Borrower shall pay the premiums required to mmaintahn mortgage
insurance In effect, or to provide a loss reserve, until the requirement for mortgage insurance ends in accordance with any wrill
agreement between Borrower and Lender of applicable law.
s. Inspection. Lender or is agent may make reasonable smites upon and inspections of the Piopeny Lervler shalt give
Borrower notice al the time of or prior to an inspection specifying reasonable cause la the inspection
10. Cordemnaton. The proceeds of any award or claim for damages. deed Or cotsegoeniral. in cone cion corm any
condemnation or other taking of any part of the Property, or for conve ante ,n keu of condemnation, are hereby assigrnho arid shat be
paid to Lender . In the event of aloud taking of the Pro Pr all be applied to the sirs stfiurttd oy this Security
Instrument, whether or not Inert due, with any axe i t oMe t of a partial taking of the Property, in which the
fair market value of the Properly Imrredtaley IS eq than the amount of the sums secuf ah by this
Security Instrument immedatrNy before its Borrower and Len 1 ise agree in writing, the sums secured by tools
Security Insfiurnent shall be reduced ty I of the proceeds multill b e f rig traction Ia) the total amount of the
sums soured immodnately before Ihe laki , di p-4 1 , l6N fair market value P y imn edralely before the taking Any
balance shsslf be paid to Borrower. In t ev of �s l kill r y in rich fair market vaWe of the Property
Lmrnsdiately, before the taking is less It the mount of s *cured h medal for taking, unless Borrower and Lerrdor
othsrwiN agnse in writing or unless a ica v tl applied to the sums secured by this
Security In prima tt whether or not the ums a he U I e r o se agree ern wfrLng, any applicaliton of
Proceeds to principal shall not extend pos the ue 'a my y tit net ed to in parJgna^ I or charge the
amount of such Payments. r F"
11, Sor►vwer Not Released By aIN to the tine for payment or modification of
somor0cta out of the sums secured by ( Instrument granted by filter an sot In Interest of Borrower !hail not
oparofs to ro"" fir &Witty of the orig' of or BonowePe s s i Lender shall not be required to commence
procesdktgs against any successor in Irk eluse to extend time W modify amottualan of the sums
secured by this Security Instrument by a demand made by the Ong or Borrowers successors in tortures:
Any brbeerance by Lender in exercising any y shall not be a preclude the exeresu of any nght or remedy.
1Z Sueeaaeara and Assigns Sou Ignitors. The covenants and agreements of this
Security Instnmertt spas bid and benefit the sue*L and Borrower, subject to the
Provisions of paragraph 17. Borrowers Ooyetants and a )ant and several. Any Borrower who co-signs this
Security Instrument but does not execute the Note; (a) is co-signing this Security Instrument only to nhongage. grant and convey that
Borrowers Interest in the Property under the terms of this Secunnty Instrument; Ib) Is not personally oblmgateo ro pay the sums secured
toy this Security instrument; and (e) agrees that Lender and any other Bornowan may agree to extend, modify. forbear or snake any
accOmmodatbM with regard to the terms of this Securely Instrument or the Noe without that Borrower's consent
13. Loan Charges- If the loan secured by this Security Instnrnenf its subject to a law which sets maximum loan charges,
and that law is finally interpreted so that the interest or other ban charges collected or to be collected in connection with the loan
exceed the perrtlued knits, then: III) any such loan charge shalt be reduced by the amount necessary to reduce the chamle to the
permitted fill: and (b) any sums already eoltected from Borrower which exceeded permitted limts will be refunded to Bar3wer.
Lender may choose d snake this refund by reducing the principal owed under the Nato or by making a direct payment to Borrower If
a refund nsdol principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note.
14. NotkM. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mating it by
first class maY unless applicable law raruired use of another method. The notice shall be directed to the Property Address or any
nom r address Borrower desgrates by notice to Lender. Any notice to Lender shall be given to Borrower or Lender when given as
provided in this paragraph
16. Gowrning Law; 5avirrabfUty. This Security Instrument snail be governed by lode al taw and the Law of the jurisdiction
in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with
appacable Isw, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effoct withhout
to conflicting provision. To this end the provisions of Ins Security Instrument and the Note are declared to be severable.
I& BOrrowr's Copy. Borrower stall be given one conformed copy of the Note and of mss Security Instrument
IT. Trawler of the Prop" or a Beneficial bner*st In Sonower. If all or any pail of the Property of any interest in it is
s01d or traMerrod (or if a beneficial interest in BCYroil a sold of barsfetie0 and Borrower is not a natural person) without Larder's
Prior weft n consent. Lender may. at is option, require immediate payment in lull of all sums secured by this Security Instrurrrent.
However. tls option shall not be exeroised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument.
If Lender exercised this option. Lender shell give Borrower notice of aaelemlon. The notice shall provide a period of not less than 10
days final the data the notice is delivered or Railed within which Borrower must pay all sums secured by this Security Instrument It
Borrower tans to pay these sums prior to the expiration of this period. Lender may invoke any remedies permitted by this SaCunty
Instrument tvftttout further notice or demand on Burrower.
IS. Sorrowera Right to Ralnstab. It Borrower meets certain conditions. Borrower shall hate the ngN to haver+
enforco enl of this Socunty, Instrument discontinued at any time price to the earlier of: (a) 5 days lot sue. -, otter period as applicable
Law may specify for reinstatement) before sale of the Property pursuant to any power of sale Contained in this Security Instrument. of
(b) entry of ■judgment enforcing this Security Instrument. Those conditions are that Borrower' (a) pays Lender all sums which then
would be due under in* Securely Instrument and the Note as of ro acceleration had occurred; (b) cures and default of any other
covenants or agreements; (t:) pays all expenses incurred in enforcing this Security Instrument, including, out toot limited to, reasonme
aebrnWit tees; and (d) takes such action as Lender may reasonably require to assure that the ken Of this Security Instrument,
Larders rights In the Property and Bomowees obligation to pay the sums secured by this Security Instrument shall continue
unchanged. Upon reinstatement by Borrower, this Security Instrument and rte obligations secured hereby shall certain fully effective
as it no accelraW had occurred. However, this right to reinstate shall not apply in the case of accelaraboh under paragraph 17.
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OR: 2545 PG: 1461 eta
2i° mortgage form O
1(1. Bale of Nob; Change of Loan Serview. The Note or a partial interest in the Note (together with this Security
Instrument) may be sold one or micro times without prior notice to Borrower A sale may result in a change tit the entity
(known as tyro loon Servicer') that collects monthly, payments due undm the Note and this Security Instrument. There also
may be one or more changes of the Loan Servrcer unrelated to a select the Note I( there is a chanio ul the Loan "Servitor,
Borrow will be Union written notice of the change in accordance with paragraph 14 and applicable law The not-ce will
stals the none and address of the new Loan Servicm and the address to which payments should be made The ncu¢e will
also eortakl any other information required by applicable law.
20. Hazardous Substances. Borrower shall not cause or prvmn the presence, use, disposal, storage, or release
of any Hazardous Substances on or in the Property. Borrower shall not do. nor allow anyone tribe lu do. anything allechrig
the Property that Is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence.
use, or storage on the Property of small quantities of Hazardous Substances teal are generally recognrzeu to De appropnale
to normal residential uses and 10 Maintenance of the Property.
Borrower Shall promptly give Larder written notice for any irneslgatron. Llarrrn, demand, aweul or 01111,1 JChon by arty
governmental or regulatory agency or private party involving the Property and ally Hazardoub Suustdnce or Errvrrunrnetadi
Law of which Borrower has actual knowledge. If Borrower learnt, or is notified by any govennental or regulatory aultArity,
that any removal or dfar remedalldn of any Hazardous Substance affecting the Property is rte essany. Borrower shat
pronp0y, take all necessary remedial actions n) accordance with Environmental Law.
As used in this paragraph 20, "Hazardous Substances' are those substances defined as toxic or hazardous substances by
Emkonnior a1 Law and the tdtowing substances: gasoline, kerosene, (,Vvr tammaole or tax,,; poi /oleunl pruouchl, toxic
pesticides and herbicidal, volatile solvents, materials containing asbestos or IormaldehtUe, ane
radioeci0ve misonals. As used In ads paragraph 20, • Environmetal Law' means federal taws and laws of the nursdscborn
who t11s P►oDw►y ls bcatsd that rtsiate to heahh, safety w emritvnrrnenWl jxdection.
21. AeoNKa!(en; Wntedlea. Lander shall give notice to Borrower poor to acceleration following Borrowers
broom of any covertart or agreement in this Soctrty, Instnment (but not pow to socelerabon under paragraph t) unless
applict" law provides othawua) The notice shall specify: (a) the defaua; 4b) the atxiwn required to cure one detauh. jc) a
date. not lace than 30 days from the date eve notice is given to Borrower, by which the delauh must be cured: and (0) that
h)iwe to aura the detauh on or before the date specified in the notice nwy result in acceleration of the sums secured by !rns
Sociality instrument, foreclosure by judiaal proceeding and sale of the Property The notice shall further inform Borrower of
the ngnt to relratsle after acceleration and the right to assert in the. foreclosure proceeding the nonexistence or a default or
ant' Other defense of Borrower to acceleration and foreclosure. 11 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 foredose this Sacur.ty Instrument by judicial proceeding. Lender shat Us entitled to collect
AS expenses incurred in pursuing the remedres provided in this paragraph 21, rnduding, but not limned to. reasonable
anorrwys fees and costa of the title evidence.
ZZ. 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 casts
23. Atlornays' Fees. As used in tilts Secur t and the Note. -auomeys' tees' Srali rr;ck,de any
attorrroys' tees awarded by an appellate rerun
24. Riders to this Security Matra ni l o f r r xeculed by Burrower ,end recorded trx� inet
with this Security Inslrumenl the covenan et�ments of each 't be incorporated nut and stall amard
and supplement the covenants and agr�tf f this Security Instrumen s� M�r:ooris) were a pan tit this SE-curry
Instrument. (Check Applicable Box) /
r 1—
Adjustable Rate Rider
ate I eve I Radar Cundornrroum Rider
❑
Cradiated Payment Rider
er Setiund Honer Rtuar
OBalloon Rider ^
i y - men( Or C_ Planned Unit Development
❑ Other(a) (specify �'
� J
N�1
�
SIGNING BELOW, Borrower accepts
o the terms and co en tied in this Security Instrument and in
any rider(a) executed try Borrower and
i _ i %
Sigrod, sealed and delivered in the presence
i
WSitnesaliil: signature:
Borower Manuel `pr rbayy •'
i i
wEi;z
Signature:
^� Co•Borrow"rLilis Urbay
Address 1981 48`' St Still
Naplos, Florida 34116
STATE OF_Flonda
COUNTY t3F--CQjjy�_
I hereby certify that on this day, before rne, an officer duly autrronzed in the slate atorr,sard aril ur tie county
aforesaid to take acknowledgements, personally appeared Manual Urba/ to one known to be the persunts) uescribeet in
Li11a Ury{b�av
and who executed the foregoing instrument and acknowl"Uteforsme-trial (Mel shay they) executed the Same for the
purposetherotn expressed
WITNESS my land and official seal in the u and State aforesaid mill 5th day of Mater.. _ . 1y99
MyCornry"sionExpires'
ry c's Spnal 1
(Seal) LLlS�.!L..s � ._..
Notary's Printed Nan*
,,t iy LOUISE 0 EMMERT
,/4 k,COMMISSION r CC 5M17-
v EXPIRES FEB ') 1,
V, , ,fl
Packet Page -651- 9— c
2/25/2014 16.D.3.
Prepared by: Wendy Klopf
Collier County
Housing, Human & Veteran Services
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 Manuel Urbay and Lilia Urbay to COLLIER COUNTY, bearing the
date of November 5, 2001 , recorded December 5, 2001 , in Official Records Book 2936 , Page
2762 , of the Public Records of Collier County, Florida, securing a principal sum of $ 2,968.00 and
certain promises and obligations set forth in said Mortgage, upon the property described in the
aforementioned Mortgage.
COLLIER COUNTY hereby acknowledges payment and satisfaction of said Mortgage, in accordance
with Collier County Short Sale Policy, approved by the Board of County Corrunissioners on February 28,
2012, Agenda Item 16.D.7, and surrenders the same as cancelled, and hereby directs the Cleric of said
Circuit Court to cancel the same record.
This Satisfaction of Mortgage was approved by the Board of County Commissioners on -
2014 Agenda Item Number
ATTEST: BOARD OF COUNTY COMMISSIONERS
DWIGHT E. BROCK, CLERK OF COLLIER COUNTY, FLORIDA
, DEPUTY CLERK
Approval for form and legality:
Jennifer A. Belpedio
Assistant County Attorney
TOM HENNING, CHAIRMAN
Packet Page -652-
�2 _ 6"' 7 2/25/2014 16.D.3.
2895816 OR; 2936 PG; 2762
1tCONDiD 1N 0111CIAL NNCOIDK 0( COLL111 COORT, IL
t� 0 1.10512001 at 07:57AN Dl1GNT 1. B10CK, CLINK
01LD 2111.00
08L1 2111.00
SECOND MORTGAGE DOC t11 15,00
DOC•.li 10.50
tetra:
HOUSING i URBAN I11tN0T1N1NT
THIS SECOND MORTGAGE ('Security Instrument') is given on November S, 2001 is:
ATW WINDY KLOTt
Manuel a Lilia Urbay
t'Rorrowo(') This Security mslruniont is given to Co 1 1 i rr_Cout it Y _ ('Lender'), which is organized and easting
under the taws of thy UnitudStaleso f America, arid whuseadOresSIs3U'iO NVtth IWrSeShou UtiVa 4145, Neriva,
Borrower owes Lender the sum of Two Thousaad Nina Hundrrad Siaty Sight dollars (U.S. B
2,,9411.00). This, debt is evidenced by Borrowers Note dated the same date as this Security Instrument ('Second Mortgage'). which
provides for manthly payments, with the lull debt, It not paid earlier, due and payable on sale of property, relinanca,
or lose of homestead exeaiption. This Security Instrument secures to Lender (a) the repaymantof the debtevkWxvd by
the Note, with interest, and all renewals, extensions and modifications: (b) the payment of all other sums, with interest advanced under
paragraph 7 to protect the Security at the Security Instrument; and (C) Die performance of Borrowers covenants and agreements under this
Security instrument and the Nola. For this purpose. Borrower does hereby secund mortgage, grant and convey to Lerch the totiowmg
described property located in i.„ 11 i e r C'uutitY, Florida.
More particularly desenued as Lot 27, Block 139, Unit 4 Gold" Oats, Public Record* of CoRW County, FlorWa F0601311121S6e0009
and which has the address of
('Properly A00resS'): 1 `)H 1 4 k"' Sr . S11
_.._Narlrb, F'!ori.tu 141:0
TOGETHER WITH an the improvements now or hereafter erected on the property, and all osSements, nghts, appurtenances. rem,
royatbev, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a pan 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 estate hereby conveyed and ties the right to mortgage. grant
and convey the Properly and that the Properly is unencumbered, except for encumbrances of record. Borrower warrants and will defend
generally the title to the Property against all claims and de any encumbrances of record.
THIS SECURITY INSTRUMENT Combine ro si n of I I use and ren •undonncoverwhs with YmledvanaWnby
jurisdiction to constitute a uniform security instru �,c e
UNIFORM COVENANTS Borrower <J r covenants agr asrqu
1. payment of PrbnalpaI arid In s- psyment and Lab Charge if shall promptly ley when due the pnncwsl of
and interest on the debt evidoncetl by the one.
2. Taxes, The Mortgagor will all s s ss Is or wrat rat prow to the Kcnial of any ponalbas or merest
thereon.
The Mortgagor snail pay or ca to s o us.( )(p all limes and govwrvn enut charges lit
any fund whatsoever which may at any me la u ease d r e ■ its re to the Property, (2) 111 u" and other
Charges, including *service charges', I urr r it po 1 Its b i n e, so, upancy. upkeep and i provrrrwntof the
Properly, and (3) all assessments or o e r I g 1 y Is lit be installments over a period of years, the
Mortgagor shall be obligated under the y or o only Ste as are r9quuW to be pad during it* term
of the Mortgage, and shah, promptly all ym nil of any of Ire Ior , 11) and gee evioence of such payment.
3. Applieatbn of Paymsnta. pplicable law provides o all S received by Lardershaa be applied; first, to
mtaest due. ■M, to principal due: antl Ias into enarges due under
a. Charges; Lions. Borrower sh axes, assessments, char n d inposibOnS attributable to one Property, which
may attain pnorhy over this Security Instrumen hold payments orgr �t d ll any. Borrowersha promptlyfurnishto Lender
all notces of amounts to be paid under this Der t •l payments.
Borrower shall promptly discharge any lien unly Instrument urdess Borrower. (a) agrees in writing to
the payment of the obligation secured by the lien in a me der, (b) contests In good faith the lien by, or defends against
enforcement of the Iron in, legal proceedings which in the Lenders opinion operate to prevent the enforcement of the ken; or (C) secures from
the holder of the lion an agreement satisfactory to Lender subordinating the lien to this Security Instrument, it Lender determines that any
pan of the Property Is subject to a non, which may attain priority over the Security Instrument, Lender may give Borrower a notice rdernbtying
the lien. Borrower shah satisfy the lien or take one or more of the actions set forth above within 10 days of are giving of notice.
B, Ha2aM or Property Insurance. Borrower shall keep the improvements low existing or heroaher orectoo on fine Property
insured against toss by fire, hazards included whin the term'exlended coverage' and any other hazards, Including floods or flooding, for
which Lander requires insurance. This insurance shall be maintained in the amounts and for raw periods that Larder requree. The
insurance carrier providing the insurance shall be chosen by Borrower subject to Lenders approval, which shall not be unreasonably
withheld. H Borrower falls to maintain coverage described above, Lander may, at Lenders option, obtain coverage to protect Landers rights
th Iha Property in accordance with paragraph 7. At all limes that the Note is outstanding, the Mortgagor shop rttantain insurance with rpspw
to the Premises against such risks and for such amounts as are customarily insured against and pay, as the same boo" due and payable,
all premiums M respect thereto, including, but not limited to, all-risk insurance protecting the interests of the Mortgagor and Mongagee
against loss or damage to the Prankses by fire, lightning, and other casualties customarily insured against (including boiler explosion, it
appropriate), with a uniform standard extended coverage endorsement, including debris removal coverage. Such insurartra at aN hues to tie
in an amount not less than the lull replacement cost of hie Premises, exclusive of footings and foundations.
All insurance policies and renewals shah be acceptable to Lender erdshall include a standard mortgage clause. Lender shad have
the right to hold the policies and renewals. If Lander requires, Borrower shall promptly give to Lender all receipts of paid premurts 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
it not made promptly by Borrower.
Unless Lender at to Burrower utherwise agree in writing, insurance proceeds shits be applied to restoration or repair of the Prupany
damaged, if the restoration or repair is economically feasible and Lenders Wunty is not lessened. N the restoration or repair w not
economically laaslbla or Lenders security would be lessened, the insurance proceeds shah be applied to the sums secured by VIA Sccunty,
Instrument, whether or not then due, with any excess paid to Borrower. It Borrower abandons the Property, or does rid Answer within 30
days a notice from Lender that the insurance carrier has offered to settle a claim, then Lenow may collect Via Insurance DmCgeds. Lender
may use the proceeds to repair or restore the Property or to pay sums secured by this Security InstmnynL whaler, or not man due. The 3K).
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 dale of the monthly payments referred to in paragraph I or charge the amount of dte
payments. It under paragraph 21 the Property is acquired by Lender, Borrowers right 10 any insurance polka M and proceeds restlbngfrom
damage to the Properly prior to the acquisition Shelf pass to Lender to the extent of the sums secured by this Security trlsfi{rnen( intro( Natel y
prior to the acquisition.
•. Occupancy, Proservation, Maintenance and Protection of the Property; Borrower's Lon Application, L.essatwads_
Borroer shall occupy, aide blurt, and use (he Property as Borrowers principal residence within surty days after Rw Ntecuben at this Se, only
Instrument antl shah continue to uccupy the Property as Borrowers principal resider" for at least one year alts the date of occupancy,
uniose Lender otherwise agrees in writing, which cur sent shah not be unreasonably withheld, or unless extenuating circumstances exist
which are beyond Borrowers control. Borrower shall not destroy, damage or impair the Property, atbw Ile PropeAyto cialenonug, or commit
waste on the Properly. Borrower shall be in default 11 any forfeiture action or proceeding, whether civil or almnal, is begun that in Lenders
good faith jtdgment could result in forfeiture of the Property or omorwise materially impair the lion created by this Security Instrument or
.—,ad . ap
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Lender's seovnty interest Burrower may cure Such a default and reinstate. as provided In paragraph 18, by eausuig the xnal or pioco"lly
to be dismissed hvrlh a rulntg that. in Lender's good lath determination, precludes forfeiture of the Borrower's Interest In The Property or other
maternal Impairment of the ken created by this Security Instrument orLefidersSOCUMlyInlwasl " rOWOrshallalsobtlmdefaultdSonuwer,
during the loan application process, gave materially false or Inaccurate Information ur statements to Lendor (or faded to provide Lenoer with
any material information) fit cortt uclion with the loan evidenced by The Note, IIICludlllg. but 1101 Itlmhd lo, rasprosentatlols Concerning
Borrowers occupancy W The Irrurmny as a principal 'as lUUIICO It this Security Instrunionl IS urn leasehuld. Burrower shallcunlply will Ju the
provisoll of Ine tease 11 Bostrowtif acquilea fee Title to rise Prupomy. The leasehold ivd ere fun life Shan riol merge wdess Lendel agrees to
Trio merger In waiting.
7. Protaction of Lender's Rights In the Property. it Borrower tats to peftvnri ere covenants end riff "Ir uA cunt.otied nI tn.>
Secunly Instrument. (ir there q a legal proceedIng that rarity sfyndicanlly dflt cl Lander s rights In Thal PrUPeny puch as J Proct`tdIny In
liankruplcy probate. for cundelhnatiotf or forfeiture or to ust laws us rttyui.dwns) 9xin Lefwur nay U0 and Ikly for W11,1 vW Is IWceSadry
to prolect rho value of the Prvpeny dlld Lender's rights u+ the PropenY Luxkr s .ICtnm> nay nx u de Vapny ,fray swrls secured DY .1 ben,
which has prlorliY over cols Security Instrument. appeanny of coon. pay +lag Ia`dsunable alturlWySi lees Jrxr enlormg urn the Prupeny to mJke
repays Although Lender may take action under this paragraph 7. Lender dues nut have to do so Any amuunts tasbuhaeJ by LoPvJer under
tails paragraph 7 shall Deunnu edortio l0h Uobl t>f Burrower SnCWUU Dy Ibta 5vi:unfy Instrument Uf11USa tdinnuwei anJ lmider ayrc`e to ulrier
terms of payment. these eowunb shall bear Interest from the Uditl of U15bUtsprlleln dt tin Note 1410 end 5hdll ell: payable, wxtnntvfest, uWn
huhce lrom Lendor to Burrower requesting paylnism
9, Mortgage Insurance, If Lenuur required mongaye WSUNAM11 as J eundnbon of nakrtg tau luau SLCU100 by this S<tiunty
instrunnafit, Borrower alas pay the prenuumS requited to hiatrliauf life niorlydqu ulsurdneo at effect II, for any reason, the momydye
Insurance coverage roquvtoJ by Louder lapses of Cedsus to Do ern effect, burrower shall pay Thu prennu ns 1cquned to obtain Coverage
substantially equivalent to Ilia Ilwngage Iltsurdrlce previously err effect ill a cost substantially equivalent To the Cost to Borrower of the
rnurloage Insurance previously In effect, truth an altumatu nrurtyayo msurur appwved by Lander It aiUSt:mtidIIV VUulvdIV"t murlyage
ttsufance coverage Is not aviltlaDte. Burrower shall pay to Lendo each nlunlh a Sum t`gUJI to una•twedrt+uf the YdJrlyrnwrtlJJvtl piSUfdnCe
premium Doing paid by Burroyrur whoa the nviulJnce Cuverdge IaPWU of ceased to be in Off Dcl LonUel will accept. usu and retduh Iheee
payments as a loss reserve In 11eu of rnonydye Insurance Loss resurve paytilents Illy nu longer DO secluded, dt the option of Lor ix. It
morl Insurance coverage ton Iho anhoun( ariJ fur the period Trial Lu"Uef requ0vs) provided by an insurer approved by Lender dyadh
becomes available ano Is oblafneet Borrower Snail pay ere pternlums required w Immnla m mortgage Insurance m ants. o to provide a liar's
reservv. until The requnemOnT lot mvnyago Insurance ands in accordance will) any wntlen agraenieni L`Clween Borrower and Lender of
applicable law.
9. Inspection. Lander or as agent may nrdke feasonaole enlues upon .#rid Inspections of the Property Lundof Shall ytve
Borrower notice at Iho Time or or pnvn to an InYpei7kUl1 spectyxly faabiOndble Cause tut the ufSpectlUll
10. Condemnation. The proceeds of any award or claim lot danayes direct or conSequenhal, In contlf cbdn with any
eondemnalton or other taking of any pan u1 Thu Property, or to conveyance it lieu of curidentrabun are nuruby dssiytvOJ atlJ shall be paid to
Lender Irf the event ill a total 1akIny UI ore PfUPeny. The W allied to trio sums secured byllils Security 1rwIrument. Whether
or nut then due, with any axceso paid to Boll. I. I a a•i' i I is; of Uw PWpeny. In whlCh Ine lair m.lrkut value of the
Properly Immediately before Iho Idkniy is equal i r k7� u�U rrLr sel:ured by flux SaCwny Insrrumanl Imnan}IJTVIy
0
�I
before the taking. unless Burrower d W Lander �:r ysee in wrmng, pee" I t tell by this Security Inattunwnt shall be reduced by
.r:1
The arliourd of The proCoedS I0utllpliOd Dy b 1 ig traction. (a) Iho total Jan u e sums aacured eurlhadtalely before the Idkjaly.
oivtded Dy lot the fair marker value of the ope r belufe the akvty A bat: Ice Shall be paid tU Borrower Ili the eve1110l d
f�)
partial taking of the Pfo,try rn which Ifle n air ktll 1 UI Ih ledialely `tor Dui Idkniy Is less than the amount of fie suins
ea
soCUned ImniedralBlyfur taw Inertuy, utdu Bur uwui JOd L our rwise a 104111, wait iy Vr nWSS applcable law ui11Urwnae PruvxkfS. Ir,e:
0
proceeds shall be appl"I to Ilia Sumer 'ecu h t not I tl aUnls are Ihen due UnWss Lender Jlw
Borrower otherwise agree m wrdmy. a y aV tc' Ion pr a
d 1 p •ia 1 '11 I 1 xten or postpone tau cue dJw of the monthly
payments referred to m uaray:,; t cha a ho a vu t o
sit I P
11. Borrower N01 R Wss FO y Wal I i�ayf of Thu Inns tot payment of mUJdicaLUn or
amortization Of life Sums secured by Ihi r ail rum ltl er a r In interest Cf Borrower snap fwr operary to
N
release the liability (it Ilre orlgInJI HUrro urrower5 successurta In I ust
end I ' tait be required to e'onlmefk;e proceedmgS
Q1
against any successor xi mlOTest or relus and little for payffafni or ISO
Ito I nrldUOr of Trio sauna secorod Dythts SecUnty
W
Instrument by reason of any demand ma original Borrower or a r ' 1' urs air Interest Any lOrbedrariC0 Dy Lander In
exercising any right or remedy shall riot be of or ptaelude tie exer-Is t{Lp I or remedy
12. Successors and Assigns Sou and Several LIabIH Tile cuvena its afar ayreernersts of this Security
Instrument shall bind and Infna6t life suucesauf . f v f f, subluct to the
Provisions of paragraph 17 Borrowers covenants I I and several. Any Borrower Who Co•sig115 this Sev:unly
Instrument but does not execut0 the Note. (a) Is co•signl rUmenl only to mdngdye. grdni and Convey that Borrower s
Interest In the Property unUer Iho terms of this Secunly Instrument. (b) is nor personally ubhgalud to pay trio Surns secured by This SOcunty,
Instrument. and (c) agrees That Londot and any other Borrower may dgrou to extend. nludity. Iotafar or slake dray accommodations with
regard to the terms of This Security Instrument or file Note without that Borrower's cunsonl
13. Loan Charges. It the loan secured by this Soco ly Instrunlellt Is SUolacl to a law which sets maxiinum loan Charges. dttd that
law Is finally Interpreted sit mat trio mtaresl or other loan charges collected or to bit cultuc tect rat Coy meC ion with the loan el4ved the perrrnfDed
limits, Ihem (a) any such loan charge shall be reduced by The amount necessary to reduce me charge to the penmlhed in nil. and III) any Suns
already Collected from Borrower which exceeded permitted limits will De refunded to Burrower Lander may Choose to Rake this rotund by
reducing the principal owed under Ine Note or ov ulakuhg a Ueecl payment to Borrower II a relund reduces principal, tie reduclidn wlli t*
treato,d as a partial prepayment without any prepayment Charge under the Note
14. fvoticss. Any notice to Borrower provided lot in this Security Iitstf umenr shalt De viva" by dahvering it W by "ladmy t Dy first
class mail unless applicable law requtrod use or another m0ltwd The nubce shall De dvaclod to the Properly AUd(oss of any other at"ess
BOrfDwer deSgllaTeS by nOtiCU to Louder Any notice to Lender shall be given w Borluwer of Lendor wMtn glvon as provided rat this
paragraph.
15. Governing Law; Severabtllty. Fedntal taw and the ad* of raw Iu"sdn:tiun at which the P"rporty is located 'shall govern this
Security Instrument In lire event Trial any proviston Or Clause of this Socurlly Instrulntlht of the Note CotifliM with applicable law, such
Cori Shall not affect other provisions of Ilns Security Instrument or Intl Note which can be given elect wnnuut the coinicofly provistun To
[his and The provisions of this Security Instrument and Ilse Note are deelarud to be severable
16. Borrower's Copy. borrower shall be given une eonlonmtd copy of The Note and of This Security Instrument
17. Transfer of the Propsrly or a Beneficial Interest M Borrower. :1 jail or any pan of live Pruperry or any Ineerest m t Is sold or
transferred lot if a Dernehctal interval ail Borrower is sold or tranSlefred and Borrower Is riot a naturJl person) without LanUer's prior carmen
consent. Lendor may, at its option, require Immediate paynwnl ail full of all sums secured by this Security hWirirtwril However, Lenciet shall
not exercise This option if federal law as of the dale ul Tilts SeCurity, Instrwtle nT prohibits exerelse. II Lender exercised this option, Lender shrill
give Borrower notice of acceleration. The notice shall provide a period of not less Than 90 days Irum the dale The notice Is delivered or
mailed within which Borrower must pay all Sums Secured by this Security butrunrent. If Borrower tails to pay Those sums prior to the
expiration of this penod, Lender inay invoke arty remedies permitted by this Securiy Instrument without further notice or derhdrw on
Borrower.
18. Borrower's Right t0 Relnstale. 11 Borrower meets Cenadt Conditions. Borrower Shall have the right to have entorcemenl of
This Security Instrument discontinued at dny lime prior 10 the earlier of (at 5 days (or Such other period as applicable law nay specify for
reinstatement) before sate of the Property pursuant to any power of Salo covaweu in this Security InStunent or ID) entry of a luogment
enforcing this Security Instrument. Those conditions are Thal Borrower: (a) pays Lander all Sions wnhCh than would be due under this Secvnty
Instrument and the Note as it no acceleration had occurred. It)) cures and oelault of arty other covenants or agreements, (c) Pdys all
expenses Incurred In enforcing this Security instrument. including, out not limited tit, ionsu/labis atomey5loes. aM) tul takes SUCth action as
Lenoer may reasonably requno to assure that the kart of this Security Instrument, Lefwtlrs rghts In the Property and Borrowers obligation to
pay the sums secured by This Sec only InSTruryient shall continue unchanged. Upon lbnhslatement by Bonower. this Security Instrumerx and
the Obligations Secured hereby shall remain fully elfeClive as if no accelef ation haU occurred. However, This ngnt to reinstate shall not Jpply
in The case of acceleration unUer paragraph 17
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19. Sate of Note; Change of Loan Ssrliker. The Note or a partial interest in IN Note (together with this Security Irlinni t) may
be sold one or more times without prior notice to Bonowetr. A sale nwy result lit a ch:mge In the entity (known as the 'Loan Servket') trial
collects monthly payments due under trio Note and this Security Inslrumonl There also may be one or more Changes of the Loan Servicer
unrelated to a sale OI pre Note. It there is a change of The Loan SDMcer. Burrowur will bu given written nuece of the chdoge m accordarwv
with paragraph 14 and apphcabtu law The notice will slate the nanal Jllu dwitiss of fire new Loan Survicer and the aulhess W which
payinoils should De made Thu huhce wilt also conlam any othur udonnahun rec tiouU by apt /llCUble law
20. Hazardous Substance. Borrower shall not cause W Vomit? the piusuncu, use, dispustd, storage, ur r00,ts" of any
Hazardous Substances o11 ut uh the Propeny Burrower shall not du, hW d11uw LlrhyUIW vise lit du..lnythnty alle0my the I'ru{wrty Ih,d rs In
violation of any Envaormluhtal Law The pfeceduhy two sentences shall not apply to Met pr"wice, use or sluiaye off the Prul" of small
quantrllos of Hazardous Substances that are gotiorally recognized to be approlmJlbt to mwrnldl residmil :u uses anu td marnlen.mca of IN
Pinparty. Borrower Shall prunryfly give LenWS wrdhm rn)IK:u full any eW1,'sgy,IDV1r. Mann, denknah, klwslKT VI uawr ictlWr bydllyyuvelillm.)6l
or regulatory agency ur povale parry Involving fie Property and any Hazitrduus SuDslani;v W Ehvirtinniewal Law of whK:h Burrower his
aClual khowladya If Bun nwtlr lelilrts, or is huLhud by any yuvvi Mental ur IL julaWry aulhunly. Th,d any renklwl ur other rwrhrxiJhWh of ,my
Hazardous Substancu ahuchnq the Property Is uvcVesary, Burrower Shan prWhplly lave Mi nvcvssery romuehJl acawrs mr iccuroanco "th
E rwnunmenlal Law A6 ubed Ire lhl9 patay1`40 9u.'K#1i11lIIIIAS SIMS1.1 --vos' mo It Kis,• mil slatwe, tk•Inr1'Lf as Iuxit: er Mlz, Klknq subsLuK:l•s
by Enwronmenwl Ldw;nld Irre Urlluwlny 5051,111C05 yawryle, kyrus iriv. uthVI IL11noldOlU VI IuxK• pefr(Ihhunf prt)dlx:ts, toxic peyeCUfes,aKl
hemlClues, volatile sulvvnls. nrdlonals Williunlny ,Isbustus at 1Wrndldehyule. and iodru,u:nvv ntateridts As usuu nT INS pdwiTr,lph ; d,
'EivvunnKtnlal Law' ntuah� IVUL-1.11 limb and laws of lhu jurul.)Uim where fill- I'lnperly IS IL-:dtL•d that rWd1u lit hudlth, WhAy W
envifunntenlal proleclwn
21. Acceleration: Remedles, Lender shall ywu nu1K;U to Burrower pilot lit ;ICCVIvrdIKm tuuowing Bonuwers breach el any
covenant or agreement ur this SyCuray Instrument (but not prior lit acculefillua uuJlrr p,oayrdph 17 unless dppllCdtilu law provides
utherwhse) The notice shall spicily a) the Uetaull. III) the d0uh 10qumeul lit cure The Milull, ICl a Date not less than 3u ddys born lily Wilt
the niece n given to Burivoret by which trio dofa Lill roust be CUI(rd. and Id) I11d1 I:Dlure h) cure Iro, delaull on or before the data spuaded yl
The nutlee may result III acceleralloll UT the sums secured by This Security Insrument. lulklclosufe by judicial procewiliq and sale W The
Properly The notice shall further Inlurm Bnnuwur of The right to reinsliat? d 101 WCOticlahun and ilia right to assort tit IN fotoclosuro
proceeding Mo non-exislet K:e ul a dolaull or any ot1Ktl defense of Burrower TV aixelefatiorl and loreclus W il 11 the default is r Wt cured on or
before the dale specdred tit 1141 notice, Lender. dT As upl,en, may require mhnkdhltC' Pdyrhunl In lull of all surhs sKuraO uy thus Security
I nsT umenl without further der uio0.1110 ma y IWmluso This Security Ilstruf nest by judicial phx:eediny Lon Liar shall by entihelf to tulle :tall
expenses ineuued in pursuing Thu remedies provided iI This paragraph 21, mcluUmt). but not limited to reasundlNe anonvey s Ives aril custs
Ot trio Dlly Vvldeltee
22, Rebase. Ufw,, p:Iynhe,d of an sums suCur Vd by this Seeunly mstrunKau. LorlOw shall releaSO INS Stwuny Instrument, wtlhuut
Charge 10 Borrower Burruwur shall pay ally r M:uidahuh cusls.
23. Attorneys' Fees. As used In mIs Security Inslruni nl anu Thu Nute.'altuitoys heirs' sh'i l ux:luue arhydhunleys lees IW uLktf
by an appellate court
24. Riders to this Socurlly Instrument, 11 u t i rIf CrIjEir)pK} eu by flurrowW did IecoWed logether w,m This Security
Inshuhwnl, The covenants any ayreunKlnls of u,ICl It IIId shd11 imlund and SUpplenkYrt The Covviymts,llN
ayreemeils of this SUCUIlly IrbiOrneml as It It I r 're a part of this tie I nlent (Check Appliciible bvx)
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l h AOnrslablu Rate f tide, I It. In uvumenl ltitfa•r L
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SIGNING BELOW. BOrtowl'/ accepts ill', he t rid XAS , e 1 Is Security ltiOrioiwnt dud er ally iderts)
exeCUled by Borrower anti recuf00d with L
Signed, sealed and dehvereuin me prose
Witness Signature >_ . ... I '�_ Svznatuh)
Borrowu Orley
Witness Print Name
GF THE tit. orbay . :. .. .
Witness Sign3lury , // y t' —
Witness Print Neme' I I T >' ' i AJUress ' -I I- ..,
STATE OF Florida
COUNTY OF come,
I hereby candy that tin this day. Delon? mu, an officer duly authurtzed Ire ltry slate dWresd,d WWI at The CUUIIIy dlefVSaIV to fake
acknowledgements .perSunillyappeareci Manual A Lilis Urbay to hio known to be thV pt!fson(S) deschbod tit and wile execuluu
the foregoing instrument and acknvwledged before trio trial HEi SHE! THEY utuculu0 file s.tmv for the purpose therein vap,Vssed
WITNESS my hand and umoal seal nr trio County and Slate aloresaid th,s Nuvuiunr 5, 7W 1
LMy Commission Exphrds - _ I
Nvt PuNK: s Signature '
Nuiary's Printed Name
(SEAL)
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