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Agenda 05/08/2018 Item #16D 705/08/2018 EXECUTIVE SUMMARY Recommendation to approve six (6) mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) Loan Program in the combined amount of $17,500. OBJECTIVE: To support the affordability of housing in Collier County through the SHIP down payment and emergency repair and/or rehabilitation assistance programs. CONSIDERATIONS: SHIP, a state affordable housing program, offers assistance to first-time homebuyers for use toward a portion of the required down payment and emergency repairs to the newly acquired home. As a condition of the award, the homeowner must repay the assistance provided upon sale, refinance or loss of homestead exemption. Community and Human Services (CHS) staff has recently completed a review of County-issued SHIP loans. Through this process, staff has identified six (6) mortgages where the homeowner is entitled to have their original down payment assistance forgiven. None of the mortgages include a maturity date. Section 95.281(1)(b) F.S. allows this debt to be forgiven if the mortgage is more than twenty (20) years old and the final maturity of an obligation secured by the mortgage is not ascertainable or previously set forth in the mortgage. Under such circumstances, the mortgage is considered terminated and for record purposes, the down payment amount may be forgiven. Therefore, due to the length of time of the mortgage, the following homeowners have met the obligation and the loan should be forgiven. SHIP Ordinance No. 93-19 did not require a maturity date. The following table provides details regarding the associated mortgages that have met their obligation. As such, satisfactions are required. Name Date Mortgage Signed/or Subordination Recording Date Affordability End Date 20 Years SHIP Mortgage OR Book & Page Mortgage Amount Osvaldo Rodriguez & Euridises Abad 2/17/1997 4/26/2002 2/20/1997 5/10/2002 2/17/2017 2285/0809 3034/2739 $2,500 Sonel Colas 10/11/1996 10/23/1996 10/11/2016 2242/1133 $2,500 Felipe E Escobedo 7/31/1996 8/6/1996 7/31/2016 2214/0960 $5,000 Herold and Marie Francois 9/11/1997 9/16/1997 9/11/2017 2347/0310 $2,500 Rosa M Silva & Niurka B Silva 6/6/1997 6/12/1997 6/6/2017 2322/654 $2,500 Rosa M Silva & Niurka B Silva 6/6/1997 6/12/1997 6/6/2017 2322/657 $2,500 Total $17,500 Approval of these items 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: There is no Fiscal impact associated with the Satisfactions of Mortgage. The $52.50 recording fee will be paid by SHIP Grant Fund (791), Project 33525.1. LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote 16.D.7 Packet Pg. 738 05/08/2018 for Board approval. -JAB GROWTH MANAGEMENT IMPACT: There is no Growth Management impact. RECOMMENDATION: To approve and authorize the Chair to sign six (6) mortgage satisfactions for single-family owner-occupied affordable housing units. Prepared By: Wendy Klopf, Operations Coordinator, Community & Human Services Division ATTACHMENT(S) 1. SHIP Satisfaction of Mortgage- for term 96-97 (PDF) 2. SHIP Mortgages1996-1997 (PDF) 3. Homestead Exemption Verification (PDF) 16.D.7 Packet Pg. 739 05/08/2018 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.7 Doc ID: 5345 Item Summary: Recommendation to approve six (6) mortgage satisfactions for the State Housing Initiatives Partnership (SHIP) Loan Program in the combined amount of $17,500. Meeting Date: 05/08/2018 Prepared by: Title: Operations Coordinator – Community & Human Services Name: Wendy Klopf 04/11/2018 11:07 AM Submitted by: Title: Division Director - Cmnty & Human Svc – Public Services Department Name: Kimberley Grant 04/11/2018 11:07 AM Approved By: Review: Community & Human Services Kristi Sonntag Additional Reviewer Completed 04/11/2018 12:35 PM Community & Human Services Lisa Carr Additional Reviewer Completed 04/11/2018 12:37 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 04/11/2018 1:09 PM Public Services Department Kimberley Grant Additional Reviewer Completed 04/18/2018 10:48 AM Operations & Veteran Services Sean Callahan Additional Reviewer Completed 04/19/2018 8:58 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 04/20/2018 8:50 AM Grants Erica Robinson Level 2 Grants Review Completed 04/20/2018 1:45 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 04/23/2018 11:30 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 04/24/2018 8:06 AM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 04/24/2018 8:37 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 04/25/2018 10:41 AM Budget and Management Office Ed Finn Additional Reviewer Completed 04/26/2018 6:36 PM Grants Therese Stanley Additional Reviewer Completed 04/27/2018 9:26 AM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 04/30/2018 4:55 PM Board of County Commissioners MaryJo Brock Meeting Pending 05/08/2018 9:00 AM 16.D.7 Packet Pg. 740 Prepared by: Wendy Klopf Colli er County Community and Human 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 Osvaldo Rodriguez and Euridises Abad to COLLIER COUNTY, dated 02 /17 /1997 and recorded on 02 /20/1997 in Official Records Book 2285 Page 0809 and a subordination of mortgage dated 04/26/2002 and recorded on 05/10/2002 in Official Records Book 3034 Page 2739 of the Public Records of Collier County, Florida, securing a principal sum of $2,500 .00 and certain promises and obligations set forth in said Mortgage , upon the property described in the aforementioned mortgage. COLLIER COUNTY hereby acknowledges the met obligation set forth in said Mortgage and 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 - __________ , 2018, Agenda Item Number ____ _ ATTEST: DWIGHT E . BROCK, CLERK , DEPUTY CLERK Approval for form and legality: Jennifer A . Belpedio Assistant County Attorney BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY , FLORIDA By : ___________ ~ ANDY SOLIS , CHAIRMAN 16.D.7.a Packet Pg. 741 Attachment: SHIP Satisfaction of Mortgage- for term 96-97 (5345 : SHIP Satisfaction of Mortgage for Term) Prepared by: Wendy Klopf Collier County Community and Human Services 3339 E . Tamiarni 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 Son el Colas to COLLIER COUNTY, dated 1011111996 and recorded on l 0/2311996 in Official Records Book 2242 Page 1133 of the Public Records of Collier County, Florida, securing a principal sum of $2,500.00 and certain promises and obligations set forth in said Mortgage, upon the property described in the aforementioned mortgage. COLLIER COUNTY hereby acknowledges the met obligation set forth in said Mortgage and 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 - __________ , 2018, Agenda Item Number ____ _ ATTEST: DWIGHT E. BROCK, CLERK By: _________ _ , DEPUTY CLERK Approval for fonn and legality: Jennifer A. Belpedio Assistant County Attorney BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA By : ___________ ~ ANDY SOLIS, CHAIRMAN 16.D.7.a Packet Pg. 742 Attachment: SHIP Satisfaction of Mortgage- for term 96-97 (5345 : SHIP Satisfaction of Mortgage for Term) Prepared by: Wendy Klopf Collier County Community and Human 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 Felipe E Escobedo to COLLIER COUNTY, dated 07/31/1996 and recorded on 0810611996 in Official Records Book 2214 Page 0960 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 the met obligation set forth in said Mortgage and 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 - ----------, 2018 , Agenda Item Number ____ _ ATTEST: DWIGHT E. BROCK, CLERK By : _________ _ , DEPUTY CLERK Approval for form and legality : Jennifer A . Belpedio Assistant County Attorney BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA By : ___________ _ ANDY SOLIS, CHAIRMAN 16.D.7.a Packet Pg. 743 Attachment: SHIP Satisfaction of Mortgage- for term 96-97 (5345 : SHIP Satisfaction of Mortgage for Term) Prepared by : Wendy Klopf Collier County Community and Human 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 Herold and Marie Francois to COLLIER COUNTY, dated 09/11/1997 and recorded on 09/1611997 in Official Records Book 234 7 Page 0310 of the Public Records of Collier County, Florida, securing a principal sum of $2,500 .00 and certain promises and obligations set forth in said Mortgage, upon the property described in the aforementioned mortgage . COLLIER COUNTY hereby acknowledges the met obligation set forth in said Mortgage and 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 - __________ , 2018, Agenda Item Number ____ _ ATTEST: DWIGHT E. BROCK, CLERK By: _________ _ , DEPUTY CLERK Approval for fonn and legality: ,...... ~ cr,,q,. Jennifer A. Belpedio A..\~\ Assistant County Attorney V\' \ BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA By : ___________ ~ ANDY SOLIS, CHAIRMAN 16.D.7.a Packet Pg. 744 Attachment: SHIP Satisfaction of Mortgage- for term 96-97 (5345 : SHIP Satisfaction of Mortgage for Term) Prepared by : Wendy Klopf Collier County Community and Human 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 Rosa M Silva & Niurka B Silva to COLLIER COUNTY, dated 06/06/1997 and recorded on 06/12/1997 in Official Records Book 2322 Page 0657 of the Public Records of Collier County, Florida, securing a principal sum of $2,500.00 and certain promises and obligations set forth in said Mortgage, upon the property described in the aforementioned mortgage. COLLIER COUNTY hereby acknowledges the met obligation set forth in said Mortgage and 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 - __________ , 2018, Agenda Item Number ____ _ ATTEST: DWIGHT E. BROCK, CLERK By: _________ _ , DEPUTY CLERK Approval for form and legality: Jennifer A. Belpedio Assistant County Attorney BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA By: ___________ _ ANDY SOLIS, CHAIRMAN 16.D.7.a Packet Pg. 745 Attachment: SHIP Satisfaction of Mortgage- for term 96-97 (5345 : SHIP Satisfaction of Mortgage for Term) Prepared by: Wendy Klopf Collier County Community and Human Services 3339 E. Tamiami Trail Naples, FL 34 I I 2 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 Rosa M Silva & Niurka B Silva to COLLIER COUNTY, dated 06/06/1997 and recorded on 06112/1997 in Official Records Book 2322 Page 0654 of the Public Records of Collier County, Florida, securing a principal sum of $2,500.00 and certain promises and obligations set forth in said Mortgage, upon the property described in the aforementioned mortgage. COLLIER COUNTY hereby acknowledges the met obligation set forth in said Mortgage and 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 - __________ , 2018, Agenda Item Number ____ _ ATTEST: DWIGHT E. BROCK, CLERK By: _________ _ , DEPUTY CLERK Approval for form and legality : Jennifer A. Belpedio Assistant County Attorney BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA By :_~~~~~~~~~~ ANDY SOLIS, CHAIRMAN 16.D.7.a Packet Pg. 746 Attachment: SHIP Satisfaction of Mortgage- for term 96-97 (5345 : SHIP Satisfaction of Mortgage for Term) leta: munru IIC 2175 TAIIlll Tl I flit WLll PL lUU 2150158 OR: 2285 PG: 0809 ucouu 1• tM OHICIAJ. UCOUI of COUlll coam' PL 12/21/97 at 09:21AI DIIGIT I. llOCI, ct.Ill SECOND MORHiAGE OILD OILI UC PH DOC·.35 2500.00 2511.00 U.50 I. 75 THIS SECOND MOR Hi A< ii r·sccurit} Instrument'") is given on FcbruaJ') 17. 1447. The Second Mortgagor is Osvaldo Rodriguel, a single man and Euridises Abad. a >inglc woman ( .. Borro\\cr"). rhis Sccurit) Instrument is gi\cn to c:omer County !''Lender"), which is organized and existing under the law' of the l 'nited States of America. and whose address is 2800 North Honeshoe Drive, Naples, Florida .34104. Borrower owes Lender the sum of Two Thousand Five Hundred and t-.:o I 00 Dollars ( U .S.S:!,500.00) debt is evidenced by Borrov.er's Note dated the same date~ this Security Instrument ("Second Mortgage"), which provides fur monthly payments, with the full debt. if not paid earlier. due and payable on sale of propert~·. refinance, or loss of homestead esemption This Sccurit) Instrument secures to Lender; (a)the repa:yment of the debt evidenced b) the '\oh:, with interest, and all renewals, extensions and modifications; (b) the payment of all other sums. with interest advanced under paragraph 7 to protc~·t the security of the Securit) Instrument; and o the performance of Borrower's covenants and agreements under this Security lnstrumi:nt and the Note. Fer this purpose, Borrower d~s ht:rd•y si:cond mortgage, grant and com·c) to L.cndcr the following described property located in C'ollier County. Florida. Lot10, Block 7, Amended Plat of Naples !\.lanor htens1011, according to the plat thereof, recorded in Plat Book 3, Page IU I. of the Public Re1.:ords of Collier County, Florida. and which h~ the addrcs• oft "'Property Address"') 5~69 Holland St .. \;apb. I· l. H 113 TOGLTHER Wll ll all the impro\cmcnts IHI\\ or hcrcafter creeled on the property, and all cascmcllls. rights. appurtenances. rents. royalties, mineral. oil and gas rights and profits, \\ah:r rights and stock and all li\tun:s nov. or hereat\er a part of the property. ,\II replacements and additions shall also bi: W\i:rcd by thi: Security Instrument. All of the foregoing is referred lo in the Security Instrument as the "Property". BORROWER ('0\'E'>AN rs that Borro\\Cr is lawfully seized of the c>tatc hereby conveyed and has the right to mortgage, grant and convi:y the Property and that lht: Propi:rty is unencumbered. ex1:cpt for encumbrances of record. Borrower warrants and will detend generally the title lo the Propcrt) against all claims and di:mands, s1 \~~fi)'(~jl~.~~ of ri:cord. ) ,Ji•· ~"""'"'~""'~"==·~~,""''""' .. ~,.,~/ l \ j0 ., . . . . THIS SEC~-'RITY JNS IRl il\tENT .com,9t. :/ ;;~:vena.nts fo;~;a1~.X:ifl-~f~~d non-uniform covenants\\ ith limited variation by JUrasd1ct1on to conslltutc a umtorm security lllS}tun~.t·covcrang real propert}. "· \ I / ~· \ .1 •' \ UNIFORM ('0\'LN:\NTS. Borr0t~er Jo as follo\ s: \ : ;' \ \ .. i .. 1 , ..... 4"*'"' """""""'""-~ ' ;' .:1 "<' "")/'"'\ ' I. Payment of Principal 11nd lntetest; ffre ~ / c~ shall promptly pay when due the principal of and interest on the debt evidenced hy the Note.\ ' ,, \_l. / ' .1 ! l ' ' ~-"""""""""' i! f""'-'i '1\~'\ l 1~·1 2. Taus. l he !\.f,>rtgagor will pa), ~1\tll.\es, assessments, sewe.r :; or rat.r:~~,i prior to the accrual of any penalties or interest thereon. The Mortgagor shall pay or cause to tt. as the same rcsp<ctavc. •clj)mJt~S4lA)( I) all taxes and go\emmental charges of any "''· '\\ ''"",,,,; /' ( i kind whatsoever which may at any time be law ~~~ed or levied against or ~i.tfl.r\t&J)ict to the Property, (2) all utility and other charges, including "service charges", incurred or imposed fo :e~'!~ mainten~s.i:;fl'~~~\,upancy, upkeep and improvement of the Property, and ( 3 l all assessments or othi:r govi:rnmental charges tha'i~t!!.~f'1ftiiH~~:fit\'·~~~(l~:ii.s't~llments over a period of) cars. the Mortgagor shall be obligated under the Mortgage to pay or cause to be paid only slrC'~nstlu~ents"as are required to be paid during the term of the Mortgage, and shall, promptly after the pay mi:nt of any of the fori:going. forward to ~ lortgagi:e t:\ idcnce of such payment. J. Applications of Pa)·ments. Unless applicable law provides othem ise, all payments received by Lender shall be applied; first, to interest due; and, to principal due; and last. to an} late charges due undi:r the '>oti:. 4.Cbarges; Liens. Borrower shall pay all taxes, assessments. chargi:s. lini:s 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 ri:ci:ipts evidencing the pa) mi:nls. Borrower shall promptly discharge an) lien which has priority over this Security Instrument unless Borro\\er: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (bl contests in good faith the lien by, or defends against cnforccmcnt 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 satist~'tory to Lender subordinating the lien to this Security lnstrumi:nt If Lender di:termines that any part of the Property is subject to a lien which may attain priority over the Security Instrument, Lender ma) give Borrower a notice identifying the lien. Burrower shall satisfy the lien or take one or more of the actions set forth above within 10 day~ oflht: giving ofnotict:. 5. Haurd or Property Insurance. Borrower shall keep the imprll\cments now existing or hereafter erected on the Propert:y insured against loss by fire. hazards included within the tem1 '"extended coverage" and ll11Y other hazards, including floods or tlooding, for which Lender requires insurance. This insumncc 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 whii..:h shall not be unreasonably withhi:ld. If Borrower fails to maintain coverage described abo\'t:, I.ender may. al Lender's option, obtain coverage to protect Lender's rights to the Property in accordance with paragraph 7. At all time!. that the Note 1s 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, induding, but not limited to, all-risk insurance protecting tht: interests of the Mortgagor and l\lortgagee against loss or damage to the Premises by fire, lightning, and other casualties customarily insured against ( including boiler explosion, if appropriate), with a unifonn 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 reni:wals 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 promptl:y give to Lender all receipts of paid premiums and ri:newal notices. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. 16.D.7.b Packet Pg. 747 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) OR: 2285 PG: 0810 Lender may make proof uf lu>> if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, insurance proceeds ;hall 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 teasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by the Security Instrument, "'hether ur not then due, '' ith an~ ~·\1.:t'ss paid to Borrower. If Borrower abandons the Prope~·, or does not answer within '10 days a notice from Lender that the insurance carrier has otlered to settle a claim. then Lender may collect the insurance proceeds. Lender ma) use the proceeds to n:pair or restore the Propert) or to pay sums secured by this Securit) Instrument, whether or not then due. The 30-da> period will begin when the notice is mailed. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal >hall not extend or postpone the due date of the monthly pa) ments referred to in paragraph I or change the amount of the payments. If under paragraph 21 the Property 1s acquired by Lender, Borrm•er's right to any insurance policies and proceeds resulting from damage to the Property prior to lhe acquisition shall pass to Lender to the extent ofthe sums secured by this security Instrument immediately prior to the acquisition. 6.0ccupanry, Presen·ation, Maintenance and Protection ortbr Propert)·; Borrowrr's Loan Application, Lrasebolds. Borrower ~hall occupy. establish. and ust' the Property as Borro\\er's principal residence "ithin sixty days after the execution of this Security Instrument and shall continue to occupy the Property as Bummer's principal residence for at least one year after the date of occupam:y, unless Lender otherwise agrees in writing. which 1.:onsent shall not be unreasonably withheld, or unless extenuating drcumstances exist whkh are beyond Borrower's control. Bommer ~hall not destroy. damage or impair the Proper!), allow the Property to deteriorate, or commit waste on the Property. Borrower shall bi: in default if an) ti.irteiture action or proceeding, whether civil or criminal, is begun that m Lender's good faith Judgement could result in forti:iture of the Property or otherwise materially impair the lien created by this Sel:urity Instrument m Lender's secunty interest. Borrower ma) cure su1:h a default and reimtate, as provided in paragraph 18, by causing the action or proceeding to be dismissed with a ruling that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest 111 the Property or other material impairment of the lien created by this Security lnstrumem or Lender's >ecurity interest. Burrower shall also be in default if Borrower. during the loan application process, gave materially false or inaccurate information or statements to Lender (or fail to provide Lender with any material infom1ation) in connection\\ ith the loan evidenced by the Note. including. but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a lea~ehold, Borrower shall comply with all the provision of the lease. If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merge in writing. <="""""~~~~=~~"' 7. Protection of tendrr's Rights in the,.~ c'~l~~!~~&~l~~'~eerforrn the covenants and agreements contained in this Security Instrument, or there is a legal pro1.:eedipg .utf .. signifkantly '1ltll;~\' llei)(er's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or for~~)t~t(~~,to enforce laws or reg~la;il~~lh~~ender may .do and pay for whatever is ~ecess~ to protect the value of the Property and Lender i!i ngh}S 1c;rthe·+>toperty. Lender s act10n\may \nclude pay mg any sums secured by a hen which has priority over this Security Instrument, arpeary\'g inL~oui\ ayT~i:~easort~b1\e attorne\s' fe\s and entering on the Property to make repairs. Although Lender may take action under this parag/~p .·· .4~~ amvunts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower 1ecur 1 b · ·1 · o~ow~r and Lender agree to other terms of payment. these amounts shall bear interest from the dtt~ .,, e!~'ble, with interest, upon notice from Lender to Borrower requesting pa} ment. \ ':,~J~ '\ ' ' j I\ \ s \ ¥"t'\ \ 8. Mor1gagr lnsuranct. If Lender r~ 1 f~ , g the loan secured by this Security Instrument, Borrower shall pay the premiums required to \ il1~he mortgage insurance i A)~:' for any reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, o(f~~,~hall pay the premi , , ~d to obtain coverage substantially equivalent to the mortgage insurance previously in effect, at a cost to Bort6wei~ ort 'i 1 ,. 'previously in etft.'Ct., from an alternate mortgage insurer approved by Lender. ls substantially equivalent mortgag~"'i~ cd'.~e ot available, Borrower shall pay to Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid b)' 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 pa)'ments may no longer be required, at the option ofl.ender, 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 la", 9. lnspec:lion. 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 by Lender. In the event of a total taking of the Property. the proceeds shall be applied to the sums s1.'Cured by this Security Instrument, Y<hether or not then due, with any excess paid to Borrov.er. In the event ofa partial taking of the Propert>. in which the fair market value of the Property immediately before the taking is equal to or greater than the an1ount of the sums secured b) 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 fra~·tion: (a) the total amount of the sums secured immediately before the taking, divided by (bl 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 process, 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 I or change the amount of such payments. 11. Borrower Not Relrased, Forbearancr By Lendrr Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security ln~trument 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 retilse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument 16.D.7.b Packet Pg. 748 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) OR: 2285 PG: 0811 by reason of any demand made by the original Borrower or Borrower'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. 12. Successors 1111d Assigns Bound; Joint and Senral Llabilit): C'o·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 co-signs this Security lnstnament but does not execute the Note; (a) is co-signing this Security Instrument only to mortgage, grant and convey that Horrower's interest in the Property under the terms of this Security Instrument; (bl is not personally obligated to pay the sums secured by this Securit) Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, mod it). forbear or make any a1.:commodations with regard tu the terms of this Security Instrument or the Note without that Borrower's consent. 13. Loin Cbarg~. II the loan secured by thi~ Security Instrument is subject to a law which 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 redu..:e the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded tu Borrower. Lender may choose to make this refund by reducing the principal owed without any prepayment charge under the l'\ote. 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 r~uired use of another method. The notice: shall be directed to the Property Address or any other address Borrower designates by notice to l.tnder. Any notice to Lender shall be given to Borrower or Lender when given as provided in this paragraph. 15. Gonmlng Law; Severablllty. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or cl!! · ·:;~ua-c· · ent or the Note conflkts with applicable law, such conflict shall not affect other provisions of this Security lnstru /'I\! . ':wk«: ~"j]~n effect without the conflicting provision. To this end l' '<: \' ), ~,, tht provisions of the Security Instrument and the .. · eClared to be severa -~ l' ~t'·-..., // \~)/·· '~zy.-h. \ 16. Borrower's Copy. Borrower s~ll ~1,it:~~:~~e-confwmed~£~f~\ofthe ~e ~of this Security Instrument. / / _, w"J\ t , \ 17. Transfer oftbe Property or if BenfJk'i~~t~ par\ of the Property or any interest in it is sold or transferred (or if a beneficial inttrest in Bo~oweffis 1old '6{ t ta n~tural person) without Lender's prior written consent, Lender may, at its option . require in\~·' ~ti ~~urity Instrument. However. this option shall not be exercised by Lender if exercise is prol.~tm ral 1\nstrument. 't \ \ \ ¥'\:1\ \ If Lender exercised this option, Lend\'.P1Ga\Lgive Borrower notice: 30 davs from the date the notice is delivered or m~!f~ttt!n which Borrower mu~t fails ;o pay these sums prior to the expiration ofttikJi~l~;··!.~nder may inv9>. ~, ,# "' ,,,, '""-~ ~'°" further notice or demand on Borrower. ·,,:~."' /'f.J ······-~· .. - -,,,,"""·~," ~~ ~"'-"'""~ -= "'-= ~ ~~ ,~,,,_,,,,"'"'ft~''' e notice shall provide a period of not less than I \wh(s secured by this Security Instrument. If Borrower ~1.11,dies permittt:d by this Security Instrument without . 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of: (al 5 da)'s (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to an)' power of sale contained in this Security Instrument; or ( b) entry of a judgment enforcing this Security Instrument. Those conditions are that Burrower: (al pays Lender all sums v.hich then would be due under this Security Instrument and tht Note as if no accderation has occurred; (b) cures and default of any other covenants or agreements; (cl pays all exptnses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorne)' 's tees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Proptrty and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Bumm tr, this Stcurity Instrument and tht obligations secured hereby shall remain fully effecti\·e as if no acceleration has occurred. However, this right to reinstate shall not apply in the ca.'ie of acceleration under paragraph 17. 19. Sale of Note; Change of Loan Service. l'he l'\ote or a partial interest in the Note (together with this Security Instrument) may be sold one or more times without prior notice to Borrower. A sale may result in a charge in the entity (known as the "Loan Service") that collects monthly pa)ments due under the Nute and this Security Instrument Thtre alsti may be one or more changts of the Loan Service unrelated to a sale of the Note. If there is a charge of the Loan Service, Borrower will be given written notice of the change in accordance with paragraph 14 and applicable law. The n1)tlce will state the name: and address of the new Loan Service and the address to which paymtnts should be made. The notice will also contain any other infonnation m1uired by applicable law. 20. Hazardous Substances. Borrower shall not cause or pennit the prtsenct, use:, disposal, storage or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The prectding two sentences shall not apply to the presence:. use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to nonnal 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, "Haz.ardous Substances" arc 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 16.D.7.b Packet Pg. 749 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) *** OR: 2285 PG: 0812 *** or formaldehyde. and radiuadive materials. As used in this paragraph 20, '"Fm·ironmental Law" means federal laws of the jurisdiction where the Propeny is located that rclale to health, saldy or cnv1rorunen1al proteclion 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to ac.:eleration following Borrower's breach of any covenant or agreement in this Security lnstnnnent (but not prior tu acceleration under paragraph 17 unless applicable law provides otherwise). The notice shall specify: (a) the default: (bl the action required to cure the default, (cl a date, not less than 30 days from the date the notice is given to Borrower, by which the default must be cured; and td) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured b)· this Securit)' 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 proceeding the non-existence ofa 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 r~uire immediate payment in full of all sums secured by this Securit!r Instrument without further demand and may foreclose this Security Instrument by judii.:ial 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 attorney's fees and i:osts of the title evidence. 22. Release. l'pon payment of all sums secured by this Security Instrument, Lender shall release this Security Instrument. without charge. to Borrower. Borrm~cr shall pay any recordation costs. 2J. Attorneys' t'tts. :\~used in this Security Instrument and the ~ote. "attorneys' fees" shall include any attorneys' h:es awarded by an appellate coun. 24. Riders to this Srcurity lnstrumrnt. If one or more riders .ue executed by Borrower and recorded together \llith this Security Instrument. the covenants and agreements of ead1 such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Securit~ Instrument as if the ridertsJ were a part of this Sernrity Instrument. (Check Applicable Box) State of Florida County of Collier [ I l 'ondorninium Rider l ) Graduated Payment Rider l ) Biweekly Payment Rider _____ {Seal) r .~ Signature_ "' ;,,,; 1 Ll.1)~ ~ ,. \' .,),,.\ i) ____ (Seal) Borrower: Euridises Abad Address: 5369 Holland St. Naples, FL 34113 I hereby cert it) that on this day. before me. An officer duly authorized in the state afon:said and in the county aforesaid to take acknowledgments. personally appeared Osvaldo Rodriguez and Luridises Abad identified by drivers license, to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that he executed the same for the purpose therein expressed. WITNESS my hand and official seal in the County and State aforesaid this 17th day of February. 1997. My commission expire~: l ''''"'''""''''''''"'''"'"''"""'"''"'"'''" : ) ·. Mary Lou Breaz ~ ~-''" Mary Lou Breaz : . : • NOllr)-Public, Slate of Flolida · : > \ r 8 COIMltsMOe No CC 153711 ;. > ~ °' "-' Mv Comrniuioa Expirct M>JJ97 · : ) • 'I Notary's Printed Name ) '((((((((((((((((l((((((((((((((((.'tf((((((((({(((/. • 16.D.7.b Packet Pg. 750 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) ~·to' .. COMMERCE TITLE COMPANY A Metropolitan Title & Guaranty Co. 3838 TAMIAMI TRAIL N. STE.304 NAPlES. FL 34103 *** 2980018 OR: 3034 PG: i1J~ AAA RICOIDID 1D OUlCllL UCOIDS of COLLlll coum' !L 05/10/2002 at 08:00Ml DWIGHT I. llOCI, CLlll UC !II 6.00 letn: COIUlllCI !ITLl/flA ltlTIOPOLITA Joi .. J<t ... W'18 SUBORDINATION AGRfiit\ENT This is a subordination agreement dated April ;;}(p • 2002, by and between Collier County (Board of County Commissioners) and First National Bank of Florida D/B/A First National Bank of Naples, (Mortgagee). Collier County is the owner and holder of a mortgage dated February 17. 1997. to Osvaldo Rodriguez and Eurideses Abad, the mortgage recorded in Official Record Book 2285, at Page 0809. of the Public Records of Collier County, Florida. The Collier County mortgage encumbers the following property located in Collier County. Florida; Lot 30. Block 7, Amended Plat of Naples Manor Extension. according to the plat thereof. recorded in Plat Book 3. Page 101. of the Public Records of Collier County. Florida. Whereas. the Mortgagee has requested Collier County to subordinate the Collier County second mortgage to the Mortgagee. Collier County hereby agrees to subordinate the Collier County Second Mortgage on the terms and conditions of this agreement. Now, therefore, in consideration of these premises, the parties agree as follows: 1. 2. 3. C~llier ~ounty subordinate~ the !J~;~f~t;:~~!~e"~.county Second Mortgage to the lien of First National Bank of Aond9';!?<~~.Virst~~~P.:t{\ank of Naples., and acknowledges that the lien of the Collier 9~}y"Second Mort~)~junior, inferior and subordinate in priority, operation and effect 1l<l1~J".irst~ational '3ank~f AQrida D/B/ A First National Bank Of Naples / / l,,1Ld%""'"' ..............•.•.•. ,) ''\ \ \ ' l ~ "' ,,,,,, \ \ \ I /"/~·" l,,,, \ Colli~r County agrees th~ tt•e(o~,~~tc\nqin) by this mortgage shall ~~~l\~6 tbeam \'Sf, 1 \ ~ef\\ lf.• I \ \ \ .. \ ,v~,, i , %% JI The terms of the s~bordin .~~greement binC11~qJ!Je:r~~unty and their respective successors and assigns. '"-,,..._ J',<~'' ~:/ ~,, ~:21,~~:,:'~~'~·"'~="~~·"'""'~:"=~.'°""''": ... ,,, "\. :\ .. ~>"',/ IN WITNESS WHEREOF, the party he·r{ddtli'..tils!A}~,Gt~d this subordination agreement on the date first stated above. ST A TE OF FLORIDA COUNTY OF COLLIER Collier County; By:1JD!3~ Denton Baker, Interim Director of Housing and Urban Improvement The foregoing instrument was acknowledged before me on this 'Ji 9.µ.. day of ~Y.J , 2002, by Denton Baker, as Interim Director of Housing and Urban Improvement of Collier County and who is personally known to me. (Seal) Notary Puhl. 16.D.7.b Packet Pg. 751 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) • 2111572 OR: 22t2 PG: 1133 •••• o omcm ... tt SDI-.. a It/HIM at tJ:Mll lllm 1. Im, am .. lltl: SECOND MORTGACJ"1ft 6 min SUI cumu •ti THIS SFC:ONI> MOH 1 GAc;e ("Security Instrument") is given Of1 -Oct<mtUi 1990~\lrtoaoor 15 Sonel Colas ml •• ... H 111-.112 Borrower") This Security Instrument is given to Cpl lier <;:ounty 1511.11 IHI.II 11.M 1.n s.11 t"Lenoen. wtucn is ()(ganized and existlllQ under the laws of ltle United States ol America. and whose addrns is _ ~ Hgne1bge Driye, Haplu. flgrida 33UL. BorrowerowesLendertheaumol TWO THOUSNm PIYI HJDmllp DOLLABS Nm H0/ 1QOTQS (U.S. S~IML. ) debt is CYidenc:ed by Borrower's Note daled the same date aa this Security Instrument rSec:ond Mortgage"). wt\leh provides for monthly payments. wilh the lull debt. 1r not paid earlier. due and payable on 1111 of property. refioapee. or 1911 pf bQM1tead ••emt.ioD. . Thill Secunty Instrument secures IO Lend ... : (II) tho repayment ol lhe debt evidenced by the Note. with interest. and all reneWllla. BJ1lens1Qf1s and modillcallonS: !bl tNt payment ol aff other sums. with interest advanced under paragraph 1 to protect the secunty of the Security tnatrumenl; and (cl the performill"8 ol Borrower's covenants and agreements undef this Secunty Instrument and the Note. For this pul'J>OM, Borrower does hereby sO()Ol10 ~.grant aml wnvay lo Lender the following deacribed property locnted in Col liar County, Florida As more particular1y described on Exhibit "A.." and which has Iha address of 1§5 3'11 UrHt ':-· Naplw1 FL 34113 .c1,1 :Iii•• "•' TOCETHER WITH alt the amprovements now or hereafter erected on the prQPerty. ~Ill.I ii!U Wd~nwnia. 1igt1ls. appur18N1ncH. renta. royalties. mineral, Oil and gas rights and profits. walef rights and slock and .U fixture• now or hereafter a part ot the prCJCMtrty All •epiacementa and add1bons llhal1 also be covered by the Seamty Instrument All of the foregoing i1 referred to 1n this Security lnSlrumenl as the "Property". BORROWER COVENANTS lhal Borrower is lal!tfully"All1td'o"~ estale hereby conveyed and llas the right to martgqe, grant and convey tho Property and that Iha Proc>ettY is u / ·· ',R (ii_~\! IPf~: "'' nces of record 8orfOWef watrants and will defend generally Uie tttle to lhe P1operty against all dai~.,a ,,l\ltljectj(>{an \blanoes of rltCQfd THIS SECURITY INSTRUMENT ' covenants tOf'ni{ ' ~ and non-uniform covenants With limaled varia~ by 1ur•sdtction to constitute a unifotm security insJt(i , , · v real property. ,,~.,. l-","\ UNIFOHM COVENANTS. Bofr~ /t:endef COYflf\llnt and agree as . · 1. Payrnent or Prlncl~I and I~ ~yliWht1,.osLL,,,!,1• 1Q\argn. · ~ shalt promptly pay when due the principal of and interest on the dobl evidenced by the Note./ Ll11 •• ,%,"' -·,1 \ \ I f W"J\ f , \ 2. Taxea. Tne Mortgagor wip pay/a~~.taxes s. sewe rents ~.:'.ratet\rales prlOI '°the accrual of any penalties or interest thereoo 1 1 /' 41 ,.,··1 \ Tne Mo<tgagor Shall pay 01 caihst1 11/ . 1 ' , due\ (A)( 1 l all lalles and goyermiental c:narges ot any kind whatsoever which may at any1t1me I~ , lor +lh ntapect IO tne Property. (2) .U ulilily and other charges, including "seNtce charges•, ini\~ · • fOL~., · .. n~.~. uc:cupancy. upkeep and impnNemenl of l"4t Property, and (3) all assesamenta or o""',·,~, tal'l:hlrga .. . 1 ,~Yl,!llib in inalallmefl'5 oYor a period of yeatS. the Mortgagor snau be obhgated under the ~~°" &o pay °' cause to be pal'!! y ir)S~nts as are requited to be paid uing lhe tllfm or the Mortgage, and shall. promplty after lti'e1~Kment ol any of the l0<eg · ;Inf }~;~ee evidence ot such payment 3. AppllceUon of P•)'menta. ~,.~ law provide• o ...... .H,~IS re<»lved by Lender snail be applied. first. lo intet•st due; and. to principal due; and last.~: · e charges due under t · " ~.) / 4. Charges: Liens. Borrower shat • ,...i "'tJl•s. assessments. chl!J fii!!rs and impositions att11bulable lo the Property which imy attain pnonty over this Secunty l"ltrument. 1!J,$8' paymenl§.D".'Qf nts, if any. Borrower shall ptomptly fumiah to Lende• aa notices ol amounts to be paid under this paragra)>il anjl' ,1(194(ri~1 payments B0trower $halt promptly discharge any lien ~· lo~)Ai• rlly Instrument unless Borrower (a) aQJeft in wnbng lo tho payment of tno ol>hgation 90Q.lrod by 11\o hon in 1 mannet~pta1>Ti'to Lender; Cb) contesta in good feitn w,. lien b). or defends i19llllllll enforcement ot lhe lien in, 1eQa1 l)loc:eedings which in the Lender's opinion operate to ptavent the enforcement ol ttw lien; or (c) •~ trom Iha hOlder ol tne ~en an agreement satistactory lo Landlll' sul>orr1inating thA littn In th"' Stw°Altity ln!\tnun11nt If I ender <1etetmtnfls that any part ol the PrOQelty is 5Ul1te1.1 to a lien wt11ch may attain pounty OY&f tne Security Instrument. Lender may giYe BOtrower a notice 1dentifYing the lien Oorrowet" snaN salisfy the lien°' take one or more of !tie aclions sel IOl'lh above wilhm 10 days of Iha giving ol notice. 5. Huard 01 Propel1y Insurance. Borrower shall keep the improvemanta now e.1lsling or hereafter e....cted on the Praparty insured against loss by fire. hazards Included within the 1arm "extended coverage" Ind any other hazards. indudtng lloodS or llooding. tor ~Lender requwes insurance. This Insurance shall be maintained in thfl amounts .-Id tor the periods that Lender requirea The in$Ulanc:tt earner proVtding tile insurance shall be chosen by Bonower subject to LeodCf's approYat wt\ich shalt not be urveasonabty wilhheld. II Bo,,ower fails to maintain coverage deacribed above, Lender may. al Lender's option, obtain coverage to protect londcr's rights in IN! Prct*l1y in accordance wilh paragraph 7. At all limes that Vie Nole is outstanding, the Mortgagor shall maintain in$urance with reapact lo the Premises against such risks and fol such amounts aa ere cuslornanly inMJred ava1nst and pay. as the same baCOme due and payable. all pranvums in respect thereto. including, bul not limited to . al-risk in$uranoe protecling lhe inlefests ol the MortQaoor and MonVaoee againSI io.s or damage to the Premises by Rre. ltohtning. and olher ca&ualtiH customanly insured against (including boilef ellploslon, ii apprcpriate). will a uflllurrn sUirMJarcJ wx\ttodecJ cov11111uv endorllemenl, including deblis removal COYefag8. Such insurance al 1111 times to be 1n an amount not less 11\an the full replacement cost of the Premisea. exciualve of footings and loundatJona. Alt insurance pcMiaos and renewals shal be acceptatJIB to Lender and lllall 1nclu0a a standard mortgage Clause Lender shall have tn4t ngtll lO nold the policies and renewals. II Londel requires. Borrower snau prompely gave IO Lender all recetplS ot pact premiums and renew81 nut11.;es In the ttvent of Iola. Borrower shall gave prompt nottce lo the insurance carrier and Lender Lender may make proof of ION 11 not n1ade promptly by Borrower. 1Jnles11 Lender and Borrower olhef'Nise agree 1n wr1bng, insurance pror.eeds shall bit appllf!CI lo restorabon or repair ot lhe Property damaQed. 11 the restoralton or repair i$ economically leaslble and Lende(s security is not lessened If lhe restoration or repair is nol economically lea&ible or Lender's security would be lessened. the insurance proceeds shall be applied to the suma secured by the Secunty lnsttumtnt. whether or not ttien due, with any excess paid '° Borrowe1 If Bon~ abandona the Proe>eny, or does not answer within 30 days 1 nota from Lender ttlat !tie insurance c.amer has offered 10 seltle a claim. lrien Lander may eoltect Iha insurance proceeds. Lender may use the proceeds to repau or reslOfe tne Property or lO pay sums secured oy lhiS Seeurity 1ns1rumen1. wnetner or nol Ulen due. The 30· dly period will begin when the notice is mailed. Unless Lender ;ind Borrower othalWIM agree 1n wribng, any applic:atron ol proceedS to princ:apal thall no• e•tend or postpone Iha du. date ol the monthly paymenll re'-"" to m paragreph 1 ot chat1ge Ille amount of the paymenta II undfl1 paraor;iph 21 tne Property is acquued by Lenoe•. l:k>rrowet'a right to any insu•ance pOliCiM and proceeds resuhil'lg trom darnaoe to the Property prior to the acqutsltion shall pan to Lender to the e•tent ol the sums secUt"ed by this Security lnstrumenl 1mmedlately pnor IO tne aCQu111bon 6. Occ:upanc:r, PreMNallon. Malnlena~ and Protection of the Property; Bonowar's Loan Application, Leueholda. Borrower shall occupy, eslabllsh. and use Ile Property as Borrower's pnnc:apal resadenc:e wrthtn $1Xly days alter the e11eculion ot thlS Secunly Instrument and Shall continue IO occupy the Properly as Borrowef·s principal residenee IOt al leaal one year afw ttMt cSalM ol oe:cupllll«:y. unless Lender otherwise agtffS in wnling. wtlleh consant shall not be unroasonably wiltlheld. or unless extenu;iting circumstances eaist wtilCh are beyond Borrowet's conlrOI. Borrowef shall not destroy. damage or impair the Praperty, allow lhe Property to detierlQrale. or commit waste on S9S Qor ndc? v : v 96 / l l / o l WHITE & McCLURE, P.A. 5121 CASTELLO DR. STE #2 NAPLES. FL 34103 ATTENTION: Janice t;6-tJ 6' I/ 'f 16.D.7.b Packet Pg. 752 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) OR: 2242 PG: 1134 the PrC>perty. Oorrower shall bo 1n defau1t if any lorle1tu11t a<:hon or proceeding wtielller civil 01 crin11nal. is begun that an L•tndftr's good faith Judgment could result 1n forfeiture of the Property Ot" olhctwise mate11ally impair the lien created by lh1s Secunty tnsl1u111t1nl or Lender's security 111tP.rP.st ROfrower may cure such a default and reinstate. as provided 1n paragraph 18. by causing lhe acbon or proceeding to be dlil!llf>sed with a ruling that, 1n Lender's good fallh determ1nauon. preCludes forfeiture of tne B0trower's interest in lhe Property or olhe1 rnal4tl1al impa11mf111t of the llen created by th1a Security Instrument °' LemJt!•'11 security interest. Borrower sl\all also be in default 1f ttorrower. dunng the loan application process. gave matenally false OI inaccurate information or 1latement1 to Lender (or faileo IO provide Lender with any mat~nal informatton) 111 connection with the loan .evidenced by the Note. including, but not limited to. representations concerning Burrowers occupancy of the Praperty as a principal reSidence. It this Security lnsttument is on a leasehold. Borrower shall comply with all the provision o4 the tease If Borrower acquires fee title to the Property. lhtJ leasehold and I.he fee bUe shall not merge unless Lender agrees lo lhe merger 1n wnt1ng 7. Protection of lender'a Rights In the Property. 11 Bonower fails to pe<form the covenants and :igroonicnts conl.il1ned in this Stti:u11ty Instrument. or there as a legal proceeding that may significantly attect Lender's rights 1n the Property (such as a proceeding an bankruptcy. probate. for condemnation Ol lof'fe1ture or to enforce laws or re9u1a11ons), then Lender may do a111J P<tY for whatever is necessary to protect the value of the Property ana Lender's rights 1n lhe Property. Lender's actions may include paying any sums secured by a hen wtudl llas pnorily over this Secunty Instrument. appearing In court. paying rea5onable attorneys' tees and entenng on lhe Property to make repairs AlthCugh Lender may take action under this paragraph 7, Lender 00tt11 11ut have ludo so Any amount3 disbursed by Lerldef under this paragraph 7 sh:ill become additiOl'lal debt of 90l'rower secured by lh•s Secur1ty Instrument Unle55 Bo<rower and Lender agre1t tu ulht!I terrm; of payrnen1 these ~nts Shall bear interest from the dale ot d1stiursemen1 at the Note rate and shall be payable. with interest. upon notice from Lender to 00frower requesting p<1ymen1 I. Mortgage Insurance. If Lender requwed mortgage insurance as a cond1tio11 ul rn;,iluny the loan secured by this Security ln$1rumcnt. Borruwur shall pa)' the pre""ums requ11ed to maintain the mortgage Insurance in effect If. tor any reason. the mortgage insurance coverage required by Lender lapses °' ce1se1 to be m ettecl. Borrowe1 mall pay lhe premiums required to oblaon coverage substantially ErQu1valent to the mortgage ;nsurance prevoosly 111 effP.ct at a cost substantially equ1'11alenl to the cost lo Borrower ot the mongage insurance pieviousl)' 1n effect. lrom an allttm•ltt mortgage insurer apprO\/ed by Lender II substanbally equivalent rnortgaoe insurance coverage is not available, Borrower shall pay to Lendor each month a sum equal to Ol\8-twelfth of the yearly mortgage insur;ince prem11Jm Dfling paid by Borrower when tne insurance coverage 1apsert or ceased to be 1n effecl Lender wiN accept. use and ret11n these payments as a 1os5 reseNe in heu of mor1gage insur40~ Lusa r1:1111:11vt! p;1yments m11y 110 IQnger be required. at lhe option ot 1..ender. 11 mortgaQO lllsurancc coverage (1n the amount and IOI the period ttlat I.ender requites) provided by an insurer approved by Lender ~1n beCOmes availab4e and 1s obtained. Borrower shall pay the premiums required to mamtam mongage insurance in effect. or to provide a lo6s reserve. until the requ11ement tor mortgage insurance ends in accordance with any wrillen agreement between Borrower and Lenoer or apphcablQ law t. tn1pe1:tlon. Lender or its agent may make reasonable entries upon and m1pec11ons ol the Property. Lender shall g111e Borrower notice at the lime of Ot p110t to an inspection specify1ng.~!AS.Qfliqt11. cause for I.he inspection 10. Condemnation. The proceeos of any. •·• r,,..lf1>{. . direct 0t r.onsequential. 1n C:Ol'll'lection with any cu11dem11at10t1 or other taking ol any part of the Pr~~y;·· !l'.)!!~ ' 'll~emnation, are hereby assigned and shaU be paid 10 Lender In the event ol a tolal taking of the Propery s shall oe· IP~~ sums secured by this Secunly Instrument. whether or not then due. with any e•cess paid to Borr~ . ..• event ot a partial ta · •• .,llf,..~ Propeny. 1n which Che lair market valw;, of the Property 1mmed1alely before the lalung is equ'*· t°'o~>greater lhan the amount o' Ul ums'\ecured by thlS Secu11ty Instrument 1mmed1ately belore the taking. unless BorrOW8f and Lendef ot~~e.~n wril1ng. the sums s ured \iv this Security lnstrurnent shall be •educed by the amount of the pr~eds multiphect by "'e to,SW1rl.ll:t!r~ion.1·raTllflrtotal''""10Unt o. the \urns secured immediately before the talung. d111tded by (b I the fair market value ot the f'ttoperfy immediat the 1ak1 Any b~ncdt shall be pa10 to 1:torrower In the event of a partial talung of the Property in wnlCh the t;fir ma/k.et· vt QI·· e e lh' taking is less than the amount ol the sums secured imt'1'Ml(j1ately for the laking, untessl ~~e \k+'nci lht 1 0t ""'less applicable law olherv.ise provides. lhe l)foceeda shall be applied to the sums stcure{i b 11 $e 1 Intl 1°* lhit sums are then due Unless Lender and Borrower otherwise aoree in wnting. any\~~i, t' • }0 al s lf'fe.~ or P<>Stoone the due dale ot rne montnly payments relefled to in paragraphs 1 or ch!hge \h I ·p· , f f'"''' I 11. Borrower Not Releued, ~16'.e~rence By lender Not a· iver. 1 Ext~ of the time lor payment or moclilic:alion ot amonrzation ot the sums secured by this Set~'lrstrument granted b)' Le ajly sJ6 ·or 1n interest ot Borrower shal not operate 10 release the hablitly ol lhe on[Jlnal BorrOWffr hf''~fQwer's succesSOf'S 111 onl , fe,. / II nol be required to commence proceedings aga1nat any success0< m interest or refuse '.o r!'.~~dl.· ~ ... for pay111e11t or ulh1trw1$v, .· ·. . .'~a11on of the sums sacured by this Secunty Instrument by 1eason of any demand made by . 1 ~~~I Bonower °' Borrow~f~c( 'sors in interest Any forbearance by Lendet 1n c~crw;ang any nght or remctdy shall not be a waiv dtdri:pt~ the e1ter~.l9"~.,,at.\}\riJll1l or remedy. 12. Succe11ors and Aaatgns Bound; Joln(1ncys,.y~ .. · ... lt1:;..'f. ll1'i~.: ~,.~lifners. The covenants and agreements of this Security 1n1111u1111:m1 :otia11 buld ana benefit the succassors anct ass'igAl.eUn.,dt1ti!~d\~i'l.Q1\oer. sutljecl to tne Prov11;1()n$ ol paragtaph 17 Bonower's covenants and a~reei'l"lient•·,thfllf''be 1<>4nt and several Arly Bonower who co-signs this Secur11y Instrument but does not execute lhe Note. (a) is co-s1on1no this Sttr.ur.ty IMlrnment only to mortgage. grant and convey that Borrower's 1n1eres1 in me PrC>Perty unoer the tenns of this Security lniwurnenl, (ti) 1:0 11u1 pur50f'lally obligated to pay the sums socured by th•• Securily instrument; and (C) agees that Lender and any other Borrower may agree to e11lend, modify. lort>ear or make any accommodations with regard to the terms of this Secunty Instrument or the Nole without that Borrower's consent. 13. loen Chargea. If tht! loan secured by this Security Instrument is subject to a law whtdl sets maximum loan charges, and thal law is finally interpreted so that the interest °' uU1v1 loan chatges coiecl9Q or to be coll4teted in connection wilh lhe loan exceed the permitted 11m1ts. tnen (a) any such loan charge shall be reduced by the amount necessaiy to reduce the charge to the ~mulled limit; and (b) any sums already collected lrom Borrower which exceeded petmllted limits will be rotunded lo Borrower. Lender may choose to make this refund by reducing lhe pnnr.1pa1 owed under the Note or by making a direct pa)'menl to Borrower ti a refund reduces principal, the reduction will bti 'realed as a partial preµayrr1ttnt without any prepayment charge under lhe Note 14. Nolicea. Any notice to Borrower provided for 1n this Secunty lnsttumenl shall be given by delivering it or by malling it by first ctaas mall 11n1en applicable law required use of another method Tht! notice shall be directed to the Prooerty Address or any other address Borrower deSignates by notice 10 Lender. Any notice tu Lttnder :oh<lll tie given to Borrower Of Lender when given aa provided in this paragraph 15. Governing law; S9Verab1lity. This Secunty lnstl'l.lment shall be governed by federal law and tne raw of lhe iun!>diclion 1n wnic:n the Property 15 located In thlt event that any P'OlllSIOfl o< clause of this Security Instrument or the Note conll•cts with applicable law. such conn1ct shall not affect other proviS100s uf Uw11 Sucurily Instrument or the Note which can be given effect without the conlltehng pro111w11 To ll11s end the provisions of this Secut1ty Instrument and the Nore are dt!Clared to be severable. 16. Borrower's Copy. Borrower shaM be given one confonned copy ol lhe Note and of this Security Instrument 17. Transfer of Iha Property or a 81neticl1l IJ1terest in Borrower. ti aN or any part of the Property or any interest lfl 1l 1s sl.MI '" transterre<I tor if a benoficicil ir11tttes1 an Bocrower is SOid or lransferred ano Borrower is not a na1ural person) without Lender's prlOf wnttcn consent. Lenaer n1dy, at its opllOn, requ11e immediate payment in lull of all sums secure<! by this Security Instrument However th•s option shall not De 9J:ercr&ed by Lender if exercise 1s ptolitbiled by federal law e1s ot the dale ot ttus Ser.unty lnslrument II Lender e•erosed this oPllOf'I. Lender shall give Borrower notice of accelera11on. The notice 1114111 µ1oviW a period ol llOt less than 30 ~ys from 11\e dale the notice is deliv81w ur mailed within which Borrower must pay all sums secured by this Security Instrument If Borrower fails to pay these sums prior to the e•piration ol lhis penoct, Lender may invoke any remedial permitted b)' this Secunty Instrument w1tnou1 lur1'1er nolice or oemand on Sorrower. 111. BOl'rower's Righi to Relnalate. If Duuvwe1 meets certain cond1tion1. Borrower shall have the right to have entorcemenr ot th1a Security Instrument discontinued al any time prior to the earlier of : (a) 5 days tor such other period as llPPli~ble law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in thit Security Instrument: 0< (b) enlry of a judgment enforcing this Sacunty Instrument J hoS8 ron<11llons are that Bonower (al pays Len<Ser au sums which then would be due under this Security Instrument and 1ne Nole as 11 no acceleration had occurred; (b) cures am.I llttlaull of any other covenants or agreement$. cc> pay$ all eipen59s incurred 1n enl01c1~ this Security lnstn.tment, including. but not limited to. reasonable atwn1ty's f11es: and (d) takes sucti action as Lender may reasonably require to assure lhat the lien of this Secunty lnstrumenl. Leruler's rights In tile Property an<J Burruwttt's ubhga\ion to pay the sumt secured by this Secuoty Instrument shall U,>1tlmu1:1 unchanged. Upon reinstatement by Borrower, th1:. Security ln$trument and tne obligations secured hereby shal remain fully clfcct1vc \IS 11 no ac:celer:it1on had occurred. However. this r19n1 to remsta1e shall nol ilQPly 1n the case of acce1era11on under paragraph 17 c cl:ipled. wp 2 .._ ___ s_,_'v __ a_o_e_d __________ ~_g_~ __ oo_r~--~-d_c_v_:_v~9-6_1_1_1_1~0·1~~~~~------~----------~L£~£~9~£~v~9~1~v~6 ... In•H._•:•A•Q~i•uailllll .... 16.D.7.b Packet Pg. 753 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) • • OR: 2242 PG: 1135 19. Sale <>I Note; Change of loan Servlc.,.. The Notv 01 d vart1,1t 1nlervst 11\ thv Noh: (t0"1ethe1 w1tn tr11s Sl.lcunty instrument) may bu sold one ur rnU1e trnes w1ttiout pnor notice IO Borrower A sate mav result in a chanQe in the entity (known as the "Loan Servicet") that r.l'lll!lr:ts montnty payment~ dull under tho Note aoo lhis S•CUt•ty instrument There atso may be ooe or more changon of the Loan Servicer unretatffd to 3 s3le ot the Nole ti !here ts J charw;ie ol the Loan Scrvicet. Borrower will be given written notice of the cha1lQ'* 1n aceotoance with paragraph 14 and applicat>ae law. Tile notice wttl slate the name an<I addresa of tile new Loan servicer and the addre!'l!'I to wh1ct1 payments should be made. The notice will also cont;m ;,i1y other infonnation required bY apphcable law 20. Hazardous Sub1lances. Borrow8f shall not cause or pcrrnt the PfCSoncc. use. disposal. storage. or release of any Hazardous Substances on or 111 the Property Botrower shall not do. nor allow anyone else to do, anvth1ng aHect1ng the Property that •s in VIOlallon of any E11v11onmentat Law The preceding two senleni;11s 11h•ll nut •PP'Y to ttl4f 1>1esenca, use. or storage on the Property of small quanlllles of Hazardous Suostances that are generally recognized to oe appropriate IO normal residential uses and to maintenance ot lhe Property Borrower shall promptly give Lender written notice t0t any investigation. claim. demanCI. iawsutt Of other acbon by any govf!rnmental at regulatory agency or priva!e part)' involving the Property and any Hazardous Substance Of Environmental Law or which Borrower has actual knowledge. If Oorrower learns. Or is notified by any governmental or regulatory aulhonly. that any removal or other remedtabon ol any Hazardous Substance attecllng the Property is nec1tssary, Borrower shall promptly take all necessary remedial acbons 1n 3ccord<1nce with Env11onmP.nt;iil l ;iw As used in ttus paragraph 20. "Hazardous Substances· are those substances Oetlne<I as toxic or hazardous suostar.ces tly Env1ronmen~I Law and the following subsl.ances gasohne. kerosene, other nammable 0( lo•1c peltoleum products. toxic pesti<:1des and l'lerti1c1oes. volable solvents. mator1als conlain1ng ast>Gstos or lormaldeh)'de. and rad1oac11ve materials As used 111 this paragraph 20. "En1111oomental Law" means federal laws and laws ol the 11msd1ct1on whore tno i-'rooerty •S located that relate to health, 1alety or environmental protection 21. Acceleration; RernedlH. Lendor shall give notice 10 Borrower pnor to accoleratlon lollow1ng Borrower's breacti ot ;:iny covenan1 or agreemenl 1n ttus Secunty 1ns1tumen1 (but not pr10t 10 acceleration unaet paragraph 1 7 unless applicable law p•ovtdes othe!WISe) The notice shall specify· (a) the d&lautt: (bl ttie action requirea to cure the default: (c) a date. not less than 30 days Prom the date tile notice is given to Bonower. by which the default must be cured. and {d) that failure lo cure lhe oelaull on or before ltte date specified 1n the notice may 111sult in acceleration of the sums securea by tNs Security lnsllumenl. kxeclosure by judicial proceeding and sale ol lhe Property. The notice shall further inform B°'rower of the right to reinstate ahet acx:elerallOn and !he righl to asse11 1n the foreclosure proceeding the non~11stence ot a delawt 0t any other defense or Batrower to acce1erallon and foreclosure 11 lhe oetautt 1s not cureo on or belore the date specified Ill the notice. Lender. at its oplJOll. may requ;re immediate payment in full or aN sums secured by this Security lnstf\M'l\ent without lurlher demand and may loleciose ttus Security lnslrument by jUd1c1al proceeding. Lender shall be entiueo to COiiect all expenses incurred 1n purs1Jing !hf! remfldies prov1<1e<l 10 1t11s paragraph 21. including. but nol limited to. reasonable altorney·s tees ano costs ol the title evidence 22. Release. Upon pi>ymont cl au sums sewred .. ·1N\'.je~;;~1:V{n?1r·~~ent. Lender Shi>ll release this Security instrument. w•thout charge to Borrower Borrower shall pay any recoroatiqp t(\~, l' \._ .. l.J I t;\ ""',. 23. Attorney1' Fees. As used in this S ... )umfJ1lfancrTtre .. ~~.\.7a~ys' tees· shall include anv attorneys· fees aiNarded by an appellate courl. /"> .... .. .......... r l:,.,..·....., z•. Riders to th11 Securily lnstrurYJ.ffn,j!/onc Of fllOf'. c nacrs arc execu~ t>v Aorrower ano recorded togetner w1ttl ttws Security Instrument, Ille covenants and agreements of j!ach ,0i;;h..wi8L . ..S.tlt'll be 1nco<poral~O 1n~nd S~aU amend and supplement !tie covenants and agreements of this Security Instrument as 11 ~l'fe rid}tt(sl'[~~!£""'a part"efthts~ltl'\1ty lnstru'\~nt ~Ch1tck Appltcat>le BoJ(j L AdJUSlabkl Rate R1c1AI r-y" RJo) ""' l ..--., \om1~um Rioer ~ Graduated Payment Rider /( P $tlcond Home Rider ~ ~ \ i y i I 1 rMr""' · l . \ ~ ...... r1anned Unit Oe11@loprnent R1oer \, ........... \ .. 1.~.1 \\ ' / ''""'''", l ' """'''\ \ ' i f \\\:\;,\ \ \ 'G"'°4,J ~, Balloon Rider r-1 Other(s) (specify \~{'i(il+(:"''~\ SIONING l::iELOW. Borrower accepts and agr }l I~ ... ~, terms Ond covenan~ ... > """i:ule<I by Borrower and rerotded with 1t ' .. i ,....... ............ /". \ ... / 1n tl\is S1tcurity lnsttument and m any nder(sl "~~f\,. . '""''~,~."'"~=,,~~""""':,:'"~::;~' ("~.~\'".""} «>··~/ Signed. se and delivered In lhe esence of """· \ \~~ .. ,:::>·/ S19natur ~ --~IYl'":~: .. -·-~~-;J~, I. ..! (, _&;_ (~ __ .2 ... ·'---- STATE OF Florida COUNTY OF ~1.lie! __ (St1al) flolfower Sonel Colas Address .. _ Signature _ Address 165 3rd Street Naples, FL 34113 ·---------·-.. - ·-------·-----_. ____ tSeall Borrower: 1 hereby ccrt1ly that on this da11. bef°'o me, an officer duly authonzed in lhe state aloresaid and 1n thfl r.ounty alOl'esatd lo take Sonel Ccilas acknowledgements. personally appeared to me known \o be the -------·· ----·---. ---- pe1son(s) described 1n and who executed lhe lorcyojng iflstrument and acknnwtedg~d bolo1e me that __ J~e execute<l lhe same for lhe purpos.e Che•e.,, expressed WITNESS my l\and arirJ ott1cia1seal1n the couttypoo ~~-~s 11 tt\iay ul ___Q£~-· . t9 __ ~6 L!lJ-i~ -1 ;;>------i< ____ _ My CommtS11on Expues (SEAL) ccbpl~.wp c;gg qor rv Public's S17'8 • '.:\M R. RA.:.\lY ASZ .... omrn f · ;·. 1/01/00 Notary's Prin led Name 3 :·,i:idt:d B} :i," . .:.: Ins i / No. CC52i~·~') / i I..._.,.~ lll'.lllllrLD. 16.D.7.b Packet Pg. 754 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) -----·-------~-~---~-----~--------------~-~---~ .. ·~*ii"'"'""' • *** OR: 2242 PG: 1136 ttt EXHIBIT "A" • 16.D.7.b Packet Pg. 755 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) 2085236 OR: 2214 PG: 0960 DCODD 11 omcw 11CG111 et .ua cmrr, a 11/H/H at ll:llll 111Cl! I ..... am ow SECOND MORTGAGE bta: THIS SECOND MORTGAGE ("Security lnltfumlnr) ia giYen on .....ilidtlL. 1~ ia Felipe I!. l!scobedo WI.II H l4Ul •u DC ra ... ,, llT·.ff2 Borrowel"). Thi• SecUlity lnsltumenl is grven lo Collier Cormtx u ..... 2511.lt lt.M 1.15 5.tt rl.endW"). wNctl II orglniZed and elClltlng under the llWS of the United stain ol America, and whoM llddresa II 2800 Mortb Horae•hoe Dri'YWI, Haplea, rlorida 339'2 . Borrower OWH lender the sum of rIVS THOUSARD DOLI..Aal AND ll0/100THS (U.S. S 1,000.00 ) ci.bt II eWilnced by Borrower's Note dated the same dale_.. this Securly lnllrumenl r'Secand Mortglge1, wNctl pnMdle for monthly~. with the ful debt, if not peld Nfller, due and peyebN on •al• of 2roperty, refinanoe, or lo•• o~ hoa.•tead •X!11f?tion . This Security Instrument ucurM to Lender: (a) lie~ ol 119 dlllt •Adlnelld bf lie Nole, with Inter.a, Ind II rllnlWlll8, extensiona and modiflcationl; (b) the ~of .. other surna, wllh ...._. -.icec1 under ~ 7 to pra.ct the MCWity ol the Secwity lnallumenl; and (c) lhe performance of Bon'owel'1 CCMl'llll'Q Ind ......,... under tit Seculy lnlhmlnt Md the Note. For this purpoee, Borrower don hereby NCOnd mutgage, grant and convey to lendlt the tolowing dlec:rilled property lac9ad In Collier County, Florldli. M men perticul9rty described on EJdti "A." and which hu the address of 3612 Hibiscus Street i-... H•£t•• FL 33962 T t . 16.D.7.b Packet Pg. 756 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) OR: 2214 PG: 0961 the Property. Bonower shall be 1n default ii any forfeiture actlOll or procfM!dlng, whether cMI or criminal, 15 begun INt in LenUer'• good lllllh judgment could rMUI in forfeiture of the Property °' otherwise mahmaUy impa1r the hen created by this Security Instrument 01 Lendef'a aecunty interelll. eom-r mey cure auch a default and reinstate. as provided in paragniph 18, by causing the actlOll °'proceeding to be diamiued with a ruling lhll. In L.encle(a good faith determination, preclude• f01fei1ure of the Borrower'• 111tere&t 111 the Property °' other mater~ impllirment ol the lien Ct..ad ~Ilia Securty Instrument 01 Laodef'1 MCurlly inte1e&t. Borrower atlall also lie 111default11 Borrower, during the loin 1pplieation procw, gllve lnlllerilllly tllM ot lneccurllle information 01 .iatements to Lender (01 failed to PfOvlde Lender with any material Information) In connec:tion with the lollr'I evidenced by the Note, including, W not ~m1ted to. rep1esentationa concerning Bonower's occupancy ol the Property n 1 principll fftidlnce. If thil Security Instrument is on a leasehold, Borrower shall compty With ill the p1ov1s10n of the lease II BorrOWef acquirH fee title lo the Property, the INMhold and the fee title &hall not merge unless Lender agr ... to the merger in writing 7. Prot11c:tion of Lender's Rights In the Property. II Borrower fails to perf01m the covenants and agreements contained 111 thla Securily lnatrument, or there i& a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding Ill bankruptcy, probate, 101 eondlmnatiOn 01 forfeiture or to enf01ce laws or regulations). then Lender may do and pay lo< whatever 1s necessary to protect the value of the Property end Lender'• rights 1n the Property Lender's action& may include paying any sums secured by a lien which hal pnonty over lhll Security lnsttumenl, lpPNling in court, paying r8llsonable attorneys' lees and entenng oo the Property to make repairs Although Lendef may talle action under thil penigraph 7, Lender does not have to do so Any amounts dlsbur~ by Lender under this paragraph 7 $hall become addlbonal debt of Borrower aecured by this Secunty Instrument Unless S01rower and Lender agree to other terms ol payment, thne amounb 1N1 bell ftel'est from the dlle ol disbursement al the Note rate and &hall be payable, With interest. upon 001ce from Lender lo Borr-requnting peyrnent I. Mortgage ln1U1ance. II Lender required lllOftgage ll1$Urance aa a condition of rnok1ng the loan M<:ured by ttlla Secunty in.trument. Borr-lt\All pay the prem1ums required lo mainta111 the mortgage 1nawance 111 eltect II. IOI' any reason. the mortgage ~ance COVfi'llg8 required by Lender lapses or ceases lo be 111 effect. Borrower &hall pay the premiums required to obtain coverage sutist.ntlally equivalent to the mortgage Insurance previousty in effect, at 1 cost substantially equivalent to the cost to Borrower ol the mortgage 1naurlllCe prev~ 1r1 effect. from In dlmlle mortgage in5urer approvl!d by Lender If substant:ally eqU1Valenl mortgage insurance coverage 1s not available, Borrower atllll ~ to Lender each month I aum equal lo one-twelfth of the yearly mortgage in5Urance premium being paid by BOlrower when the lflsurance c011erage lapsed ot ceaMd to be in effect Lender will accept. use and retam these payments as a loss resef"ie 1n lieu ol mortgage 111surance Lou reMMt payment• may no longef be required, al the optoo of Lender, 11mortgage111surance co•erage (in the amount and lor the period that Lender requirH) provided by .,, in5Ul'llf approved by Lender again becomes available and 1s obtained Borrower &hall pay the premiums required to mamtain mortgage inauranc:e in effect, or to provide ii loss reo;erve. untd the requirement for mortgdge insurance ends 111 acco1dance w1t11 any wntteo agreement between Bonl>Wti and Lender or applicable law I. Inspection. Lender or its agent may make reaso.1abie entries upon and 1n~~t•ons ol the Property Lenl.M!r &hall give Borrower nollc'A at the time ol 01 prior to an inspection specifying reasornible cause for the ll'lspe<.tion 10. Condemnation. The proceeds of any award or claim for damages. direct or cons.equent1al, 1n connection with any c~ or other taking of 90y part ol the Property, or lor conveyance in lieu ol ccin<Mmnahon. are hereby assigned and &hall be paid to Lendel In the event of 1 total taking of the Property, the proceeds shaU be applied to t"!-~,\!.tn1.!!£.ured by this Security Instrument. whether Of not then due. with any exceaa paid to Borr-. In the event of a partial takmg of t.~· ·•· ~air market value of the Property 11"11med11tely before the laking is equal to OI grlllllf thin the amount ol the aums sec 'iQlmediately before the taking. unleu Borrower and Lender ~ lg!'• In wnting, the sums secured by this.. •. .men:t~wlr Y. the amount ol the proceeds multiplied by the followlng traction (1) the total amount of the sums secure<Yffn ely before the talong. ~~) the !Jn market value ol the Property immediately befOl'e the laking. Any balance shall be paid 1$f'B~¥. '"r In lhe event or a partial ta 'Or . P1operty 1n which the ta1r market value of tne Property immediately before the laking 1s leSJ than1~1=t ..• Qr the sums secured 1r mt.>d1 ely for the taking. unle5os BOlrower and lender othtfwlN agree in wnting or unless applic~ la.~ ot~~l:~ prdv1de9:-the~~-.is &11 JI be ~pplled to the sums secured by this Securlt)> Instrument whether or not the sums are thery'due 1\Jnless Len a"9i·8Qrrower ot er.-.1se ag 111 \'riling. any application of ptOCeeds to pr111C1pal &haU not lldend OI pollpooe the due dale of.~he r . n~i. ·, cha~e tile amoont of su<:h payments 11. Borrower Not Released, Fdrbtl · 'n le 1the t1~1e for payment or mod1ficat100 ol amoitizatlOll ol the auma MCUled by lhi• Security lnstrufnent enfer • ~ 1 st jot Bo! rower &hall not operate to release the liabd1ty ol the original Borrower or Borrowe(s sucqe, . , ~en.~er ~u • to 11c~n:rJience proceedings against any successor 1n intern! OI' refuae to extend lime for pay~lor ~nd ·,.p the1\l1t1UJ~1s"'fu1e<)py th•& Security Instrument by reason of arrt demand made by the original Bor1ower or B<¥~··· s succe&SOIS 1n interest Aqy bea~ance .i>t't~der in exefClsmg any nghl or remeey shall noc be a waiver ol or preclude the eKerc1!>8 of any\r~t ~remedy . "( I ' · • 12. Successots and Assigns~· ; \loi11t and Several Llab& Instrument ahall bind and benefit the succe ' .~signs of Lender an4 Borr Provisions of paragraph 17. Borrower'& covenan . <..eements shall be j<lint an W don not llC8Cute the Note, (a) ia co-&il)runc th1 trurr.enl only to under the t~ma ol thia Security Instrument. (b) 111 not· . awd.topay Lender end llf'I other Borrowvr may agree to extend. \n · Instrument Of the Note without that Borrowe(s consent ' 'ft~y Borrower who co-11gns this Secunty Instrument . .aht and convey that Borrowel"5 1ntet'est 111 the Property ecured by this Securrty Instrument. and (c) agrees that tcornrnodations with regard lo the terms ol llus Security 13. LOlll Charges. II the loan secUfed by this Secunty Instrument 1s si..biect to a law which sets rnaJUmum loan chaiges and that law is finally interpreted IO lhal the interest or other loan charge& collected °' to be collected in connt;et1on with the loan ellCeed tne permitted umits. then (a) any such loan charge shall be reduced by the amount necessary lo rll'duce the charge to the permitted hnut. and \b) an~ sums already collected from Borrower IMlich eitceeded permitted hm1ts will be refunded to Borrower Lender rn.iy ch~xise to make this refund by reducing the pr1nc1pal owed undel the Note or by making a direct payment lo BO/rower II a rerund reduces p11nc1p.il. the rl!duct1on will ~ treated as a partial prepa~ment without 90y piepayment charge under the Note U. Noalcea. Any notice lo Borrower provided lor 1n this Security Instrument shall be given by deuve11ng It Of by maillng II by fnl clan ma~ unleu ~law required uw of another method The not:ce 111'\all be d1re.:tea lo the Property Address Of any ottwf addrff5 BorrCM&r delignat .. ~ notice to Lendef Any notice to Lende1 shall be given to Borrower or Lende1 when given as provided in this paragraph 11. Governing Law; Severability. This Security lr1slrument shaU be go•erned by federal law and the law ol the 1urisdlcbon in wtllch the Property 11 loclled. In the event that any prov1S100 or clause ol this Secunty Instrument or tt1e Note conflicts with applicable law. such conn.ct stld not 1flect other provilMona ol this Security Instrument or the Note which can be g1•en t!llect without the conflichng prov1s10n To lhll end the provisiona of thia Security Instrument and the Note are dedared to be severable 11. Borrower's Copy. Borrower &hall be g1~en one conr01med copy of the Note and of this Secunty Instrument 17. Transfer of the Property or a Beneficial Interest in Borrower. II all or any part or the Property or any interest 1n It 1s sold or transfllfred (or d a beneficial Interest 1n Borrower is sold or transferred and Borrower 1s not a natural person) without Lende(s pnor written cor1sent. Lender may, at b option, require immediate payment 1n full of all sums secured by this Security Instrument Howe·.er. this option shall noc be exercised by Lendef 1f eitercise 1s proh1blted by feder.il law as or the date of this Security lnstrL1rnent If Lender exercilfod this optoo, Lender shall give Borrower notice of acceleratlOfl The notice shall pro~1de a penod of not less than 30 days lrom the date the notice is dekv~red or mailed within whteh Borrower must pay all sums secured by this Secunty Instrument If Borrower fails to pay these auma prior to the expiration of this penod. Lendef may invoke any remedies permitted by this Security Instrument without further notice or demMld on B«rower. 11. Borrower's Right to Reln11tate. II Borrower meets certain conditions. Borrower shall have the right to have enforcement of th4 Security Instrument discontinued at any time p!'I()( to the ear her or \a) 5 days (OI' such other period as apphcaole law may specify for reonstltement) befOle sale ol lhe Property pursuant to any powe1 of sale c011ta1ned in tl'u• Security Instrument. or (b) entry ol a judgment enf01cmg thla Securlt)> Instrument. Thole conditions are that Borrower (a) pays Lender all auma which then WOYld t;.e due under this Security Instrument and !he Note .. if no accellralior1 hid OCCUlred: (b) cures and defaun ol any other covenants or agreements. (c) pays all expenses incurred in enfotcing thil Security Instrument. including, but not hm1ted to. reasonable atl01ney's fees. and (d) takH such action as Lender m;ry reaaonably requile lo uaure that the hen of this Secunty Instrument, Lender'• rights in Ille Property and BOlrower's obllgabon to pay the surM llCIM'ed by lhil Security Instrument &hall continue unchanged Upon rem&tatement by Borrower. this Secunty Instrument and the obligations MCIJlecl hereby ahall remain fully effective as 1f no accelerat.Oi'I had occuned Howt-ver. this right to reinstate shall not apply :n the case of ~under paragraph 17 11. S.le of Note; Change of Loan Servicer. The Note or a partial 1ntereo;t 1n the Note (together with this Secunty Instrument) may be aold one or more limes Without pnor notice to Borrower A s.ile may result 111 a change 1n the entity (k.nown as the "Loan Servicer") that COiiects mOIWhly payment• due under the Note and this Security Instrument There also may be one or more changes ol the Loan ~ Ullleiated to I Ille ot the Note. If there ii 1 change ol the Loan Servicer. Borrower w1U be given written notice ol the change 1n accordance With paragraph 14 end app1ic1b1e llw. The notice Wiii state the name and address ol the new Loan Servicer and the address to which payments should be made The notice will lhlo conllin any other informatoo required by itpplicable iaw ccbp3ed.wp 2 16.D.7.b Packet Pg. 757 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) OR: 2214 PG: 0962 20. Hazardous Substances. Borrower stiaU not cause or perffiit the presence, use, disposal, storage. or relene of any H&laldous ~ on Of in the Property. Borrower shaU not do, nor allow anyone else to do, anything affecting the Property that ia 111 vlOlation of eny Environment.I Law. The preceding two aentenca shall not apply to the pntsence, use. ex storage on the Property of small quantit.. of Hazardous ~ M ll't geoe<ally recognized lo be appl'opoale lo normal rHldential uses and to maintenance of the Property Borrower etlllll promptly giYe Ltndef written notice for any investigation, claim. demand, lawsuit or other lciioo by lll'f governmental or ragulatort llg8nCy or ~ IJ9rly involving the Property and anv Hazardous S~ or Enwonmental Law of which BorrOW9f has ectual knowttdge If Borrower ium.. or la notified by anv goyemmental or regulatory authorit'f, that anv removal or other remediation of any Hazardouti Sua.tance affecting the Property la necessary, Borrower llhall promptly take au neceauty remedial actJOns in accordance With Environmental Law As UMd in lhia p1ng1aph 20, "Hazatdoua Sub&tancea" ate those subatancft defined as toXJC or hazardous substances by Envirlll'V1'llllUI Law and the f~ ~: gaaoline, kar~. other flammable or toxic petroleum products, toXJC pesticides ana he<t>lcldes, vollltil9 "°"'4tnta. materiala containing nbestoa or formaldehyde, ar.d radioectMt maltrilll. Aa used in this paragraph 20, "Environmental Law'" means federal laws and laws of th.t 1unsdiclion where the Property .. locl&ed thM ,...... to health, ufety or environmental protection 21. Accelefatton; Remedies. Lender shall give notice to Borrawer prKlf to accele1at1on following Borrowe(s breach of any coveNl'lt or lgl'~ in lhil s.curty lnatrumeot (but not prior to acceleration under paragraph 11 unless applicable law provides othe!Wlse). The notice st\111 apecify: (a) the dlt111U1t; (b) the action required to CUle the default, \C) a date, not less than 30 days frorn the date the notice ia givet't to Borrower, by which the dehlul mull be cured; and (d) that railute to cure the default on or before the date s~1ried in the notice may resul in llCC~ of the aurna llCUrtd by lhia Securicy Instrument, forecloaufe by 1udic1al proceeding and $ille of the Property The notice shall further inf01m Borrowet of the right to rlinalalt 1fttr ecceleration and the right to assert 1n the loreclOSute proceeding the non-eXJstence of a defau• 01 any other defense of Borrower lo acoelerlltion and foreclosure II the derault it. not cuied on or berore the date s~1fied 1n the notice, Lender, at its option, rnay requue immediate paymenl in full of all sums secured by this Security Instrument without further demand and may roieclose this Security Instrument by judicial proceeding. Ltnelef shaU be entitled to collect all expenses 1ncu11ed in pursuing the remedies provided in this paragraph 2t. 1ncludlng, but not limited lo, reasonable attorney'& lees and costs of the title evidence 22. Release. Upon payment of all sums secured by this Secu11ty Instrument. Lt!nde1 shall release this Security Instrument without charge, to Borroww. Borrower shall pay any recoidat;on costs 2S. Attorneys' Fees. As used in this Security lnst1 ument and the Note. "attoini:y"' l11es" shall include any attomeys' rees awarded by an appellate coul1. 24. Riders to this Security Instrument. If one 01 m01e 11de1s are e•ecuted by Bo11owe1 and recorded togetl'lef with this Secuiity Instrument, the covenants and agreements or each such nder shall be incorporated into and s.hall amend and supplement the covenants and agreementa of this Securicy Instrument as 11 the rldei(s) were a part or this Secu11ty lnstn,ment (Check Applicable Box) D D D D A~ Rate Ridel' Graduated Payment Rider Balloon Rider L_J Othtr(I) (specify Signed, aealtd and delivtred in the pr~ ol Signllture; · .--· - Print Name: /.•·· ., .. Signature:_",,._· __ ._'_-+----'------' Print Name:_1 ___ . _' _··----- STATE OF..-.._/_, .... 1 ___ _ COUNTY OF ( ' ·-'--- ' I I _ _.......__ _____ ~·-_.____ J-'---·-· Address ___ _ I hereby certify that on !his day, before me. an olflce1 duly autho11zeJ 111 the state afo1esa1d and 1n the county aforesaid to take . ~. per!iOllally appeaied __ ' -------------____ ------· to me known to be the person(•) dtscrlbed in and who executed tne roregoing instrument and acknowled9ed before me that ------executed the same for the WITNESS my hand and official seal in the County and Stale aforesaid this_;,;.:.._,.. day or __ _ (SEAL) Notary Public's Signature Notary's Printed Name ,/'~' ~ TEARY Al URIE Ii' M, Con--CC'2>roo * • E.porff()c;t 31, 1997 ~b~ANB "'4,..,..-, 800·1&2·5878 ,19 __ 16.D.7.b Packet Pg. 758 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) *** OR: 2214 PG: 0963 *** FILE: ECOBEDO EXHIBIT "A" Lot 8, Block E, Naples Vlllas, accordJng the plat thereof m:orded In Plat Book 4, Page 7, Publk Records or Collier County, fo1orida. 16.D.7.b Packet Pg. 759 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) letn: /,., :-,\ CLASSIC TITLI SHY UC ') / 2nd mortgage ronJUIO BOIITA BIACB lD sm t._.,/ 11biITA SPIIIGS PL JU35 2226270 OR: 2347 PG: 0310 llCOlDID lD tbe orrICIAL llCOIDS of COLLIIR COUITl, rL 0'/16/97 at 01:04PK DWIGHT I. BIOCI, CLlll SECOND MORTGAGE THIS SECOND MORTGAGE ("Security Instrument") is given on September ___ . 199_I-The Second Mortgagor 1s: Harold and Maria Francois , both single OBLD OBLI uc rn DOC·.35 INT·.002 ("Borrower"). This Security Instrument is given to Col liar Count~· ("Lender"). which 1s organized and existing under the laws of the United States of America. and whose address 1s 2800 North Horseshoe Drive, Naples, Florida 34014 . Borrower owes Lender the sum of Two Thousand Five Hundred Dollars (U.S. S 2, 500. 00 ). This debt is evidenced by Borrower's Note dated the same date as this Secunty Instrument ("Second Mortgage"). which provides for monthly payments. with the full debt, if not paid earlier. due and payable on sale of 2500.00 2500.00 19. 50 8.75 5.00 property, refinance, or loss of homestead exemption This Security Instrument secures to Lender (a) the repayment of the debt evidenced 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 secunty of the Secunty Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose. Borrower does hereby second mortgage, grant and convey to Lender the following described property located in Collier County, Florida. As more particularly described on Exhibit "A." and which has the address of ("Property Address") 2690 29th Ava TOGETHER WITH all the unprovements now or hereafter erected on the property. and all easements, rights, appurtenances, rents. royalties, mineral, oil and gas rights and profits. water rights ar:d stock and all fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by the Security Instrument. All of the foregoing 1s referred to 111 this Security Instrument as the "Property". BORROWER COVENANTS that Borrower 1s lawfully seized of the estate hereby conveyed and has the nght to mortgage, grant and convey the Property and that the Property 1s unencumbered. except for encumbrances 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 ,···~····· at1onal use and non-uniform covenants with limited variation by jurisdiction to constitute a uniforms roperty. UNIFORM COVENANTS. Borrower ~ows 1. Payment of Principal and Int! / .· . yment and Late CH ~~,Bfrrower shall promptly pay when due the principal of and interest on the debt ev1del)Cedl>1.Ahe Note. ·~ \ interest th!r~~ea. The Mortgagor willlay ~~kak:.!.~~~~.!~:.~~~1~1 rents o~at~ates prior to the accrual of any penalties or The Mortgagor shall pay or ~1use Ip be paid. a c~vely 0ecb,ne d\le. (A)( 1) all laxes and governmental charges of any kind whatsoever whichlmay 1 'r\~~e" · .\Jga1~t or with respect to the Property. (2) all utility and other charges. including "service s", Ifie r~tion, )fnaintenance. use. occupancy. upkeep and improvement of the Property, andl(3) a s~~nt ar~es tt1at may lawfully be paid in installments over a period of years, the Mortgagor 4hal1i . ti,u r ~Ef to be paid only such installments as are required to be patd during the term of t~' . e: and s . Y1~·<J' any of the foregrnng, forward to Mortgagee evidence ot such payment. I / '···-., / 3. Appllcatlon of Payments. applicable law provide rw/se,)ltr~yments received by Lender shall be appheo; first, to interest due; and, to principal du • t, to any late charges d' nct'er1tl:t~e. 4. Charges; Liens. Borrowers f'a.Q taxes, assessments, chaJ~~~'s and 1mpos1t1ons attnbutable to the Property which may attain priority over this Security In if':"lr:id leasehold pay '~ g.r-Ound rents. 1f any. Borrower shall promptly furnish to Lender all notices of amounts to be pa~. ndiy.~·f,)acagt~;· I ;;:jiCeipts evidencing the payments. . . Borrower shall promptly discharge any llelNtl'.~.~Qht~ P(I ... Security Instrument unless Borrower. (a) agrees 1n wnt1ng to the payment of the obhgahon secured by the l1en-m-a. · · tceptable to Lender: (b) contests in good faith the hen by. or deft~nds 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 ~IOlder of the lien an agreement satisfactory to Lender subordinating the hen to this Security Instrument If Larder determines that any part of the Property 1s subject to a lien which may attain priority over the Secunty Instrument. Lender may givo Borrower a notice identifying the lien. Borrower shall sat:sfy the lien or take one or more of the actions set forth above within 1 o da)S of the giving of notice. 5. Huard or Property Insurance. Borrower shall keep the 1mpro11ements now ex1st1ng or hereafter erected on the Prcoperty insured against loss by fire, hazards included within the term "extended coverage" and any other hazards, including floods or flcxiding, for which Lender requires insurance. This insurance shall be maintained 1n the amounts and for the periods that Lender requires. The insurance carrier prov1d1ng the insurance shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably withheld. If Borrower fails to maintain coverage ditscribed above, Lender may. at Lender's option, obtain coverage to prctect Lender's rights in the Property in accordance with paragraph 7. At all times that the Note 1s outstanding, the Mortgagor shall maintain insurance with respect to the Premises agai:ist 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 approp11ate), with a uniform standard extended coverage endorsement. 1nclud1ng debns 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 pruof of loss 1f 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 Lenner's security 1s 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 earner 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 acqu1s1tion shall µass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acqu1s1t1on. 6. Occupancy, Preservation, Maintenance and P1otectlon of the Property; Borrower's Loan Application, Leaseholds. Borrower shall occupy, establish. and use the Property as Borrower's principal residence w1th1n sixty days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy. unless Lender otherwise agrees m 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 1mpa1r the Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in Lender's good faith jUdgment could result in forfeiture of the Property or otherwise materially 1mpa1r 1 16.D.7.b Packet Pg. 760 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) ~---------------------------- 2"J mortgage fom1 O OR: 2347 PG: 0311 the lien created by this Security Instrument or Lender's security interest Borrower may cure such a default and reinstate. as provided sn paragraph 18, by causing the action or proceeding to be dismissed with a ruling that. 1n Lender's good faith ceterm1natton. precludes forfeiture of the Borrower's interest in the Property or other material 1mpa1rment of the hen created by this Security Instrument or Lender's security interest. Borrower shall also be in default 1f Borrower. during the loan application process. gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) 1n connection with the loan evidenced by the Note. 1nclud1ng, but not limited to, represent<>tlons concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with all the prov1s1on of the lease If Borrower acquires fee title to the Property, the leasehold anr1 the fee title shall not merge unless Lender agrees to the merger 1n writing. 7. Protection of Lender's Rights in the Property. If Borrower falls to perform the covenants and agreements conta1net1 in this Security Instrument, or there 1s a legal proceeding that may s1gnif1cantly affect Lender's rights 1n the Property (such as a proc90ding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations). then Lender may do and pay for whatever 1s necessary to protect the value of the Property and Lender's rights 1n the Property. Lender's actions may include paying any sums sec.ured by a hen which has priority over this Security Instrument. appearing 1n court. paying reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7, Lender does not have to do so. Any amounts disbursed by Lender under this paragraph 7 shall become add1t1011al debt of Borrower secured by this Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date ot disbursement at the Note rate and shall be payable, with interest. upon notice from Lender to Borrower requesting payment 8. Mortgage Insurance. If Lender required mcrtgage insurance as a cond1t1on of making the loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. 11, 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 pi'ev1ously 1n effect, at a cost substantially equivalent to the cost to Borrower of the mortgage insurance prev1ous!y in effect, from an alternate mortgage insurer approved by Lender If substantially equivalent mortgage insurance coverage 1s not available. Borrower shall pay to Lender each month <l sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Borro..ver when the insurance coverage lapsed or ceased to be 1n 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 (1n 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 1n accordance with any written agreement between Borrower and Lender or applicable law. 9. Inspection. Lender or its agent may make reasonable entries upon and 1nspect1ons of the Property Lender shall give Borrower notice at the time of or pnor to an inspection spec1fy1ng reasonable cause for the 1nspect1on 10. Condemnation. The proceeds of any award or clatm for damages, direct or consequential. 1n connection with any condemnation or other taking of any part of the Property, o~Jpr,GefW~<illl;,e 1n lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the P ~r't·ffif,~ ~e applied to the sums secured by this Security Instrument. whether or not then due. with any exc howe:L'.::.111 . t of a partial taking of the Property. 1n which the fair market value of the Property immediately b~€ g 1s equal too . n the amount of the sums secured by t111s Security lnstrumenl immediately before the taK11~. s Borrower and Lender . ~ agree in ..vnting, the sums secured by this Security Instrument shall be reduced by thelcimouP'f of the proceeds mult1pl1ed by t fol1Clw1ng fraction (a) the total amount of the sums secured immediate!/ before the tak1~. d1v,i6~b'y'(t>Tffiala.u:Jlli!!~e~.i,:alue oft Pro)ierty 1mmed1ately before the taking. Any balance shall be paid to Borrower. In the1kven\/of a partl~k1n f the P'r'oPtertY 1n w ch th~ fair market value of the Property immediately before the taking is less Iha~ the ~ ' \ or th'f! taking, unless Borrower and Lender otherwise agree in writing or unless appljcabl1 1 u be ~ppl1ed to the sums secured by this Security Instrument whether or not the s~ms #e 1se agree 1n writing, any application of proceeds to principal shall not extend or!~.t' l ed to 1n paragraphs 1 or change the amount of such payments. 1 ' .1 ~····" 11. Borrower Not Released~ ~~ranee By Lender Not aY!falver. the lime for payment or mod1flcat1on of amortization of the sums secured by this '$~:q~y Instrument granted by er tq any/ sor 1n interest of Borrower shall not operate to release the liability of the origmill\ r/Qwer or Borrower's succ 1d 11 ·• ender shall not be required to commence proceedings against any successor 1n inter 'etuse to extend time for p l~~,, rw1se modify amort1zat1on of the sums secured by this Security Instrument by reaso ~mand made by the orig1 ·• er or Borrower's successors sn interest. Any forbearance by Lender 1n exerc1s1ng any rig "" shall not be a preclude the exercise of any right or remedy 12. Successors and Assigns Bound; ,n Id' lgners. The covenants and agreements of this Security Instrument shall bind and benefit the success" an~ and Borrower. sub1ect to the Provisions of paragraph 17 Borrower's covenants and agree·ments·sti«Jtrbe irnnt and several Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) 1s co-signing this Security Instrument only to mortgage. grant and convey that Borrower's interest in the Property under the terms of this Security Instrument, (b) 1s 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 1s subject to a law which sets maximum loan charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected 1n connection with the loan exceed the permitted limits, then: I.a) any such loan charge shall be reduced by the amount necessary to reduce the charge to tt1e 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 Borrower 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 provid€d for in this Security Instrument shall be given by delivering 11 or by mailing 11 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 10 Borrower or Lender when given as provided in this paragraph 15. Governing Law; Severablllty. This Security Instrument shall be governed by federal law and the law of tne 1unsd1ct1on m which the Property is located. 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 whoch 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 18. Borrower's 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 1111t 1s sold or transferred (or if a beneficial interest 1n Borrower 1s sold or transferred and Borrower 1s not a natural person) without Lender's pnor written consent, Lender may, at its option, require immediate payment 1n full of all sums secured by this Security Instrument However, this oplton shall not be exercised by Lender 1f exercise 1s proh1b1ted by federal law as of the date of this Security Instrument If Lender exercised this option, Lender shall give Borrower riohce of acceleration The notice shall provide a period of not less than 30 days from the date the notice 1s oelivered or mailed within which Borrower must pay all sums secured by this Security Instrument If Borrower fails to pay these sums prior to the exp1rat1011 of this period, Lender may invoke any remedies perrrntted by this Security Instrument without further notice or demand on Borrower. 18. Borrower's Right to Reinstate. If Borrower meets certain cond1t1ons. Borrower shall have the 11gtit to have enforcement of this Security Instrument d1scont1nued at any time prior to the earlier of (a) 5 days (ur such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained 1n ttus Security lnstrumer1t, or (b) entry of a judgment enforcing this Security Instrument Those conditions are that Borrower. (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures and default of any other covenants or agreements; (c) pays all expenses incurred 1n enforcing this Security Instrument, including, but not limited to, reasonable attorney's fees; and (dl takes such action as Lender may reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall rematn fully elfect1ve as if no acceleration had occurred. However, this right to reinstate shall not apply 1n the case of acceleration under paragraph 17 2 16.D.7.b Packet Pg. 761 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) 2"4 mortgage fonn 0 no I ? 1 A '1 Di! I n 112 19. Sale of Note; Change of Loan Servicer. The Note or a partial interest 1n the No1"'~etftel1~h t~1~ecM1* Instrument) may be sold one or more times without prior notice to Borrower A sale may result 1n a change 1n the entity (known as the "Loan Set"llcer") that collects monthly payments due under the Note and this Security Instrument There also may be one or more ~hanges of the Loan Servicer unrelated to a sale of the Note II there 1s a change of the Loan Servicer. Borrower will be given written notice of the change in accordance with paragraph 14 and applicable law The notice will state the name and address of the new Loan Servicer and the address to wtuch payments should be made The notice will also contain any other information required by ap~licable law. 20. Hazardous Substances. Borrower shall not cause or permit the presance, use. disposal. storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do. nor allow anyone else to do, anything affecting the Property that ts 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 that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender wntten notice for any 1nvest1gat1on, 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 1s not1f1ed by any governmental or regulatory authority, that any 1emoval or other rerned1at1on of any Hazardous Substance affecting the Property 1s necessary, Borrower shall promptly take all necessary remedial actions 1n accordance with Environmental Law. As used in this paragraph 20, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Enwonmental Law and the following substances: gasoline, kerosene, 0H1er 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 1u'nsd1ct1on where the Property ts located that relate to health, sa!ety or e11v1ronmental prote.;tton 21. Acceleration; Remedies. Lenlier shall give notice to Borrower pnor to acceleration following Borrower's breach of any covenant or agreement 111 this Secunty Instrument (but not pnor to acceleration under paragraph 17 unless applicable law provides otherwise). The notice shall specify (a) the default; (b) the action requ1reo to cure the default. (c) a date, not less than 30 days from the date the notice 1s given to Borrower, by which the default must be cured: and (d) that fa!lure to cure the default on or before the date specified in the notice may result 1n acceleration of the sums secured by this Security Instrument, foreclosure by judicial proceeding and sale of the Property. The nottre shall further 111form Borrower of the right to reinstate after acceleration and the nght to assert in the foreclosure proceeding the non-existence of a default or any other defense of Borrower to acceleration and foreclosure. If the default 1s not cured on or before the date specified m the notice, Lender, at tis option. may require 1mmed1ate payment 1n full of all sums secured by this Security Instrument without further demand and may foreclose this Security Instrument by 1ud1c1al proceeding. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 21. 111clud1ng, but nol l1m1ted to, reasonable attorney's fees and costs of the title evidence. 22. Releaae. Upon payment of all sums sei;ured by this Secunty Instrument, Lender shall release this Security Instrument, without charge, to Borrower. Borrower shall pay any recordat1on costs. 23. Attorneys' Fees. As used in this ~~ ilijrufiij .1!1e Note. "attorneys' tees" shall 111clude any attorneys' fees awarded by an appellate court, ... /·: \ . · '·' ~· '··,,,. 24. Riders to this Security lnstiuR'at•) · niorir 'ix~cuted by Borrower and recorded together with this Secunty Instrument, the coven~¢lt·~,agreements of each su n Et~~~ll be 111corporated into and shall amend and supplement the covenants and ag~eeme!)IS of this Security Instrument 3\~l fh~der(s) were a part of this Secunty Instrument. (Check Applicable Box) / / \ \ D Adjustable Rate Rider / l Rider \ 0 Condominium Rider \ m 4J Second Home Rider D Graduated Payment Rider D Balloon Rider Planneo Unit Development Rider 11 LJ Other(s) (specify \ J (,• [' I~· Signature: h \ 'l , · t\. , j " · (( k{ < • ·l ) STATE OF __ Florida COUNTY OF_Collter _____ _ Borrower Harold Francois Signature: / (i -, L 1 c: CO Borrower Mari.a Francois Address 2680 29'" Ava Naples, Florida 34116 I hereby certify that on this day, before me. an officer duly authonzed tn the state aforesaid and 1n the county aforesaid to take acknowledgements, personally appeared __ Herold and Mane Francrns ______________ . to me known to be the person(s) described 1n and who executed the foregoing instrument and acknowledged before me that_ They ___ ._ execu!ed the same for the purpose therein expressed WITNESS my hand and official seal 111 t1€f/Ynty a:d St 1d H11s l_!.!_!i<Jay of ___ Sep~mb~-~----· 19_!2__ My Commission Expires: __L_~ vt,.,_ ~ NotaryPubltc's S1gnatur --------------------- (Seal) William R. Bap~asi _ _ Notary's Printed Name --..,. ... --.c---.,..\1r....•-.•...,,..,.,.., .... ,, .. !'..,.,_,'l'l,..{·~SZ ) 3 ~LO 16.D.7.b Packet Pg. 762 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) \ 2,... mortgage form 0 Exhibit "A" *** OR: 2347 PG: 0313 *** Legal Address -GG Est. UNIT 69 W 75 FT OF E 180 FT OF TRACT 60. Folio I 4023656002 The West 75 feet of the East l8~eet of Tract 60, of that certain subdivision known as GOLDEN GATE ESTATEif,""""UNIT 69, according to the map or plat thereof on file and recordP.d in the office of the Clerk of the Circuit Court of Collier County, Florida, in Plat Book 7, page 65. 4 16.D.7.b Packet Pg. 763 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) Retn: GULP~HORI TITLI CO PICI UP 2193781 OR: 2322 PG: 0654 RiCORDID lD tbe OPPICIAL RJCORDS ot COLLIBR cooiTY, PL 06/12/~7 at lO:!OAJI DVIGHT I. BROCl, CLlll SE CON[) l.IUH fGAGE ( 'Secu11I)· l11~t1 1 J:11r11t ) Is g!. ··11 011 6 / b / ~ 7 IWSA M. SlLVA an<l NlUKA H. SILVA OBLD OBLI RIC PU DOC·.35 IIT·.002 flur;o,,e1') !11;5 ~)t•cLl1d) lnsl11;111cnl Is gi>l'" lo _______ CQl.lj._<;>~l.ty_ ___________ _ rLender'J. wl11cl1 is org;inlzed ;i11d P>1",l11HJ under !f1p '" s ol !11~ U11ill.'d Statos ol 11 1111•1 ic:i, ;:i11tl whose .Jtld1es5 Is _ 2.Jl.Q.Q__tlQx_t.h J!Q_J;:f!M h9~ __ 0D-.Yb_UllPJ es, _rl_o,.r,:_lQa _J) J_12 __ , Uorro,..er owi:5 L c11\ler tl1L' su111 cr __ IliQ_Ili.QQSA@__f_lY_IS 1:1.Qlild\BS .. N..ill.__tl_Qjj..Q_OTl!.S (S 7,5QO~OO_ ) \lei• is c>"itlP11cptJ by Oo11owels Nute tJ.1IL•d tl1t• s.1n1e djte as lhls Secudly t11shu111enl ('Secor:d Morlyagn'), >\hlcll p1ov1<.Jc·~; ltJ1 111011lldy p;:i) """ls, will1 tin• lull dct>I, ii 1101 p;Jitl l'J1ll"' · iJue a11tl pay·abll' Ort _ O..<Ll.L .. Q.t I!..f'J21?.~.l'ty,__x_efJ._w_n_~!!, ___ or lonfl __ i;;>_f_ h•'m~fl t~n<;l __ ex~mrui1:21:L-lids l}11cu11ty l11shu111cnt sccu1e, tu Le11de1 (a) ihe repayrne11I of lhc debl evidc11cl)d by ll1L' IJulP, with l11te11" t. ;11:d Jll re11·~"Jls, extensions a11d 1110Jil1cJtluns, lb) !he pJyment ol all olhe1 sums, wilh Interest advanced under parag1;1pl1 7 lo p10IC'cl tl1e , '!Cu1ily ol l11e St'curily lns!rul!lt'lll, Jnd (c) Ilic pedormJnce of Borrower's covenanls and ag1cernc>nls under lhls Secu11ty l11sl!11111P11! J11d the r :·1tc> ro1 !hi~ pu<pose, Oo11owe• dor s he1t'l1y second mo11gage, giant and convey lo lender lhe following desc11bed propC'1l>' loc;i!Pd 111 ___ C< l l_i_e i;:_Co11nly, rlofida. mo.oo mo.oo l~.00 8.H uo Lot 12, Hlock 196, Cul<ll'Il C<ttl', Unit b, .iccurding t<> dtL' pL1t th1.'fL•,1t .1 ~; rl'...:,1rJL-J in Pl<.Jt Book 5, Pag ... s 124 through 134, inL·lusivl', ul th,_· PubliL· Kl'«ur<ls c>f Ccdli,•r Countj', Florida. a/k/a 1200 5lst Tl'rr:tL'<' S\\, N.ipl,·s, FlL•t·iJ;i Jt+llb TUGElHER WITH all the 11r:pru1t"'"~11ts no" r 11elf~Jlil'r L'rt'cled on tl1c propl•1t), J11d ~II 1'.1Seillent;, r1yhls, appu:tcnances. rents, royalties, 111ine1al. oil and gas 11ghls a11d prorit~. wJl 1 1 1iglds ;rnd stock :rnd :ill lldu1e~ now ur hl•rcJlt!'f a part of the p1ope1ty. All replacernenls and additions sl•oll al~.o Ii~ Luvercd by 111« ~;ecu11ty lnst1u111e11I All ol the lo1cgol11g 1s rcle11ed tu In this Secuitty Instrument as llle "Properly". !30f\f\OWEf\ COVE NAN l ~; 111;11 llo11owcr is Jt,lully sei~.t,:;1 .. .u.Lllle .... c.s.12tc l:rtl'U) cor:;i_•yed and t1Js tlie rlghl lo mortgJge, gra11t :ind convey lhe Properly and th.it lhp f'rnpPr!y Is une" urnl;c .. ~e(c;_ \-x;C~'t l(l ·· ~t...:~;cPs_ ol 11.•Lord Borrower wariants and will defend g<?nerally lhe liile lo the rropert>· ag~1w.1 ;ill cl;ll!n~ ond "" ' ~\,~!£.~C'ta..a:r 1.)1 rs ol 1ecor<J THIS SECURITY INS rr~ur.1Et1 r comblnM .. ·y~Ji-1ts for naliori , ' -q11 u111lt:fln co,,•,,J11ts w1U1 l<1111ted vJilat10n by juri~t.l1chon lo constitute a un1forrn secu1ily 111$l1u111cn~ t , .... re;il propC'rty ,,, ., -"' ""\ UNIFORM COVEN/\NT S Bor111,..r>r :ind1{c11 /'i:ove11a11t ;rnu Jgrce as fo'lo"~ ' 1 Payment of Principal <Jilli lnlNe~V. Prer/ly!1,f"CTil "lrrH.i'lil.11!L 9 .. t1a~ge~" []011l'·"~ sli.111\pro111pt1y pay wl1en dull the p111:c1pal of and Interest on tt1e debt evidenced by !hr> I lotc l / ",1"11 ~ .. i \ \ \ 2. Taxes. The Mortg~gor will p.1y ,611 r;;\<.·s p~ur to the accrual ol any pe11:ilties or lnteresl thereon. f \ 1 The Mortgagor sh<ill pay or c;iusc to/bn p. (llj)( 1) Jl1 l.1•cs and governmen!J1 cl1arges of any ki11d whats~ev~r which may ;it .t111y lilllc 4c .. ~ \er ~Pfl~ lo) lhrl P1oport1. (2) ;ill utillly :ind other charges, 1nclud111g service charges'. 111u111(•U \it. Ir~• 1,~,, 1Jn orl!u[Jqncy, upkoep and lmp1ovemenl of t11e Properly, and (3) all assessments or otl1er gq>•-~f~--~p· t;:i1 cllJrocs that m<iy 13\lsfully ln• 1pJIJ ifJll111cnts o'er a period of yea1s. llie Mortgagor shall be obligated under 11.c t11orly-1g°'~1\ ''' c;:iu~e lo !Jc paid only s6· isl re required lo be paid during the h!flll of the Mortgage, and shall, prornplly ;iltl·1 tile ray" ' ,any uf 1111! loreyolng, fo1 I. !Jenee •JI such payment 3. Appllca!lon of P;iymcnts. U11t<.·~s <1 ~<;(::~,_.1:1.., p1ovillt's otherwise, _ .'t'~>'"lved by Lender shall be applied, fi 1sl. le) interest due, and. to prlnclp;il due; a11d 1;1<,I. to Jny ta --~ '1.1l.\N~ due Ullder lho Note ,.. '%" \... ...... ,/ 4. Charges; Liens. Borrower sh~il pay all" 1(~j i~" ss1nenls, ch<11ges~)itl'f~~111:d .. )tf1pos1tlons ali11butable lo lhe f'rope1ty v.hid1 may allain prio1ily over this Security lr1•,l1LHnt'nl :ind /p 1~"~-t16ru _1s.. ... ~·gt fi'~ .. re\i,t,~)11":3ny llc•rrower shal! promptly furnish lo Lender alt notices of amounts to be paid undl'r !l11s p:iragraph, ;«1iJ ;;-rl"t<!!.... f f~ld( .· 1'li:!),,;}f(11ents Borrower shall pro11,plly disd;;Hge ;;rny lien wl U1 l1Js pr +y...ci>,e.t'll,l ·(uril)' lnslru1111.'11t u11lcss Uvrrov.er: (a) agrees :n v.1iti11g tu the payment of the obligation secured t>y the l1rll Ill a 11 u111cr acc<'plJble to Lender; {b) COlltMts 111 good fJ1H1 the lien by, or delentls :igJIPst enforcement of ttre lien In, legal p1oceed111gs v,!lich ill ti"' Lr11der's oplnlo11 operato lo pr!'vP1d Ille e11lo1ccr11elll of lhe lien: or (c) secures fro,n lhe holder ol lhe lien an i1g•ee1llcnt c.at1,laclo1y to lc11 '•'1 5uborl)inal111y tha lien lo tlil5 Secu!lly l115l1umc11t II le•11for tlelermines thal any part of the Property is subject lo a llL'n wl•icll rnay alta11 prl1J1ily over the Security l11sl1u1nl'11I, Le111Jcr 111ay give Borrower a notice i0enllfyl11g the lien. Oorrower shall satisfy Ille lien or !Jke onti or 111 11e or the ;ictlons set lorlll abcwe v.illiln 10 UJyS or the gi1·!11g of notice 5. Hazard or Property l11surance. Borro .. "' ~li;1I! keC'p the /rnprovemt1 llls now exlst111g tJr her~aftt>r erected en t11e Properly insured agaiosl loss by fire, llarJrrls i11clulfcd v.it11ln Ii'" tp1111 'e•tendt:>d coverage" a11d ;:i11y otl1('r t1aza1\ls, h1cludlng noods or OooJlng, fur which Lender 1equir1>s Insurance Tl11s insurance sh~ll t" r11;1l11tal11cu In l11e amounts and lor the J'l'iiuds !hat LendrH requires. lhe 1osurance carrier providing the Insurance sh;ill l:P chusen by O· 11owt•r su1J)ccl lo Lender's app1oval whlcl1 shail not be unreasonably withheld. If Borrowe1 fails to maln1ain coverag'! desc11bcd abovt" l r"LI"' m;iy, al Lr.nder's optlu11, olJt;:iin cove1;ige lo protect Lender's rights In lt:e Properly in accordance with paragrarh 7 Al all tlrnes ti .11 tl:e Note Is uutsla11dl11g, !tie Mui tg.igor st1.ill maintain Insurance with respect lo tile Premises <Jgainsl such risks and for ~11rl1 J111oi;nls Jr, .11e c11sto111;i1lly !11sureu agal11sl ;i11d pay, ;15 the sarne become due and payable, all premiums in respect thereto, lnclud1119, but nol llrnilci:l I • , ;ill il~k l11sur;ince protecting the l11tcrcst~ ol lhr. Mortgagor :ind Mortgagee against loss or d:irnage to the Premises b)· rite, lifJlil11i11g, and 1 :her r..1suallics cuslomaJlly l11su1C'd ag;ilnst \1ncluJi11g llollcr e~p!osion, II appropriate). wllh a uniform standard extendt'd coverJge endorsernf'"I, lncluu/119 debris removal covcr;111c. Sud: l11su1ance al all limes lo be In an amount not let~ than the full replacement cost ol the f'remls~s. ••c'uslve of looli11us and founcl;itlons All insurance pollc1es and rl'""w;ils sh.ill be ;1 CPpl;iblc lo Lenlfcr ;rnd shall l11LluJc a st;H11.IJ1t.l 11101tyage clau:;e. Lender st1all t>ave the right to holt.I tt1e policies a11d re11P.-1als If Lrnur>1 1eq1,i1c5, Uorrower shnll prol!lplly give lo Le11der ;ill 1~celpls of paid p1emtums and renewal notices. In the event of los5, !l1111ow!'r ~.11;ill q . "p10111pl 11ollcc to Ilic l11su1a•1CI' c.J11l~1 .i1iJ Le11di:;>r Lender may make proof of loss If not made promptly by [lorrowcr Unless lender and norro·.•,rl/ ollll'J'1 .. iq' ;1(J1Pf• Ill .... 11:1nq, 111".Uf.Jrl(l~ P•OCC'C'lh ·~l1·11t lie ~IJljd:,,d 1l111~sl01Jlion or repair or lllt~ Propelly damaged, if lhe resloralior1 or rcpa11 15 cc•l1101rilcJll) l.>Jsil;!IJ J11\J Le11(k1's secu11l)' I~ not ll'SS<'!le\l II tile restoration or repJlr Is not ecor1omically feasible or Le11de1·s s1_.0111ly ~.uuld bo Ir· ce11"u. 1111! l11su1a11cc proceeds 511:111 bu :1pplled tu l~1e sums secured by the Security lnsllumenl, whether or not then <Jue. wit11 .i11y e•cc~5 ":till to llo11owcr. II Uorrowrr :il>.1ndo~1~ tl1e Properly, or ooes not answer within JO days a notice from Lender Iha! tile l11su1;.ince cairier ''"' otrc1ed lo scllla J clol111, t11e11 Ll'11tlcr 111:iy collt~cl the Insurance pioceeds lender may use the proceeds to rrpair or rr>sl1J1l1 Ilic rropf'1i; J' to p.11 sums sccu1cd by lltls St•u111ty l11<;t1u11,('nt, wltelher or not then due. T11e 30- day period will begin when the notire 1~ 11L1iled U11!1 -;5 Lender and Borrower otl1erwi-;e ,1g1ce 111 1"1tl11g. any app!lcatlor1 of proceeds to principal shall not extend or postp•1111• the due d:itc ,I 111e 111•J11lldy p:1y111e11ts rl·f~rrcJ lo 111 p.11.1grapl1 1 or chanyo lhe a111oc.11I cl t11e payments. If under paragraph 21 tr1e l'rriprrly Is a(riu Pd tJy Le11Ul'r, Uorrowcr's 1111111 to ;i11y lr1su1;inct• policies and proceeds resulting rrom damage to tho Property prior lo the .icquisd:on sl1;itl p:i·' lo Lc11der to Ifie c~lcnl or Ille su111s secu1t•d by lids Si;icuiity lnsltument lmmedia\ely prior lo tile acquisition. t 6. Occupancy, f'rcservJ1inn, M~l11te11a11r ry and Protection of the P1 opr1ty; Oorrower's Loan AppllcJtlon, leaseholds. Oorrower st1all occupy, eslJbl1sh, ant! 1J•,p llir> l'rnpcit\· .1~ llorrowrrs p1l11c1pal residence .... 1111111 ~«Iv 1JJys arte1 lite e•ccuuon of tl1is SPcurily Instrument and shall cor.linue lo occupy Ille f':oprorl) is llo11uwcrs pri11clpal res1tle11cl.' lor al lt·.i>I one year alter the dale o! occupancy, unless Lender ol11e1wisc agrens in v1111•111J, wtilch co1> .<'11l ~l!Jll Pol be u111c;:isonably v.lll1lietJ, ur Ulllcss e•li!nuJtlng circumstances e•isl which are bc-yond Oorrowcr'!) control Onr!o.•.f"'r sh;il! ,, I dPs!1oy, d;ifll.:'l(}C or ln1p.ilr 1/1(' Pr('llf'1ty. allow l11e Property to detedorato, or conH?dt waste on --L-'1-...J ··- 16.D.7.b Packet Pg. 764 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) OR: 2322 PG: 0655 the P1opc1ty. fJouo·.•tt!r sh~1i: tJp in tJ,.f 1,i11 d ,1r1~ fu~f,~ill' 1· ,1cl1un or p1occcding, y,/l~lher ..._1-.d u1 u11111:1:,I, •5 l:e\juL tliat i" lcrHJc1 s good fa!lh /udgrnenl could result In forfeiture ul \11<~ l'1upt.,ty ur '!iil'""i~e 111.1lef!;1lly lmp;iir the lio11 c1eJIL1 d t•y !Iii~ Sec'Jlily l11strume11t Of Lende(S security 111:eresl. Boriower 111ay ctHP ~ur.11 ;i <IPf;iult ;i1 •I 1el11~l;ite. ;is provided 111 p;i1;ig1;ipll 1!l. by c.1usl110 111e act'ur1 or j.Hoceedi11g h.J be dismissed with a ruling that. 111 l.e11llt'i'0 • !JOU•J l;iilti d• '"1111111,1!1uri. p1ocludes !orfeilu1c of Ille Ou110·,.,c; s 111le1est !•1 the Prnpe1ty Of ott1er material irnpa:r111e11t of tile lie11 creJIPd I•)' 11,15 Secu11ty 1 1•,l1u1111.•11l 01 Le11dor s secuiity lrilr•r('r,\ llu11u.,,er s!1~ll Jlso be 111 delault II Elorro·,.,er. during ll1e lo:Jr1 application prucr>~s. l/ l." ri1:ili•ri.1ll)· f<1' "LH l11:.iccur:1lc l11forrnalion or sl.1l<"llPrils I» l.t'nder \or fJ1icd to pro;i<.fc Le11Jc1 ...,1111 any m~terial ir1for111J!ion) in co11rH:c1.1111 ,.,1111 !lie 10~11· e•idP11cetJ ti;· lilt! Nole, l'1cluiJi11g, I.Jul riot l11nlled lo, 1eprcsenlal1ons cuncerPlll!J Oorrawer's occupancy of the l'wperty .1~ ;i flli11cipJI !!" 'dr·nce. II llils Security lnslru•nr11I Is 011 J leJ5eh1Jld. Oorrower shalt comrly with all lhc pro~i~io11 or the lc;:isc if Borro','d'f ,l' 'j'l'f<''~ fr:e lil!r· tu 1)1(' r)H'fH~dy, !ho lc.:1sclio!t.J ;irtU lhc !el~ ti!lo s'1;1ll f'Ut fll('rgc unle~s t.cn·Jer Jgrecs lo the rrierger in wril1ng 7. Protection of Londcr'~ fliUl't~ 111 tile l'i·•Pt'rty 11 llu"o'.er IJlls lo pL•rlu1"1 I!"! ru•1·11ciri15 ;i11lJ JIJ'l'err>cnts conlJlrH.>Ll In !Ids Securily l11•;t1u1ne11t. or there 15 ;i l"<J 11 l'"'""l'd•"'} ti· d 11111 sio,J1fic~111lly allccl L.:>11dcr ~ 1!ghl~ 111 Ilia PronPrty (5uch as a proceeding In bdn~.ruptcy, µrotJ.:ite, fur condc11i11at.u11 rn lud··1l•11e or I, '""'"Lr! 1:1.·,~ cir regulJllons). 111~11 L L'11d!'r 111;i;· llo a11d µay fOf wl1atev(•r is neces~Jry to protect tile value of lhe l'roperty ;11"1 i P1\llc,r's r1u11f. ir• 111" f'rc•p1_•rty lcnder'5 Jt'lio115 rn<iy i11Llu1Je p:iyi11g ar1y sums secureJ by a lien wt1ict1 has µflority o•cr ttiis 5ccurd;· lll',l1u1111•111. ~prr·.i• "'l i11 cou<t. pJ)l"IJ reason;iblc a11u:w•)S '"es a111J crileri11g on the Prope11y to rnak,; repairs Alll1ougt1 Lender rnay t;ike a• l•<J11 U11d1_•< lll•s P·"·H1•:i1:l1 l. LP<ldcr docs not have ludo ~"J !\11y a11•ou11ls ll•sl.Jursed by Lender under tt1is par;igrapti 7 shall brcome ndtJilicJ11:11 rl"''I ol 01J11p. "I ~c·uHt•<J b~ !Ills Security lnsl1ur11c11t U11lc~s Borco·,.,er and Lender agree lo oilier terms of pa~rncr1t. lllcse arnourit~ sl1;1'1 lw.11 lnlr>rest 11< c1 tl·t• dJll' ul LlislJUrsc111cnl al Ilia riuto r.111! Jlll1 sila:I bu payable, v.tlh !nlen.•sl. upon nul1cc fro111 l enfJer lo Oorrowrr rPqu1".l,11q f"l)<11~111 8 Mortgage lr1surt1ncc II l r•rHJ~f f("IJUitf I 111orl(j:ltJr" ill';lJIO:HICO as J c011tlil1l)fl or llldk1t,1g lttf~ hJJfl secured b) th~s Sc1,;u11ty lnstwrnc11l. Ooriowcr sllnll pay Ille 1"''""""1~ rl'qul<1· I lo 111;1i111.,:n 11"' 111ortg.1ge l11~1,,;111cl' Iii Pflpcl 11. IL•r Jny reJslln, Ille rno<tgJge lnsuranc!' coverage rnQulred by LP<ld"r l;1pc1•s or <.'.'" ·<'•, lo !H' 111 cflccl. lloc:ow('1 sl1.11i p:it ll1e p1c11>lurns r!!qulred lo obtain e<"erage substantially equl•1alenl lo the rnortrpq" 111•;u1;i11ce i""·l'JU';I)· In rllecl. al a cosl sul!sl.111llJlly l'quivaiP11t lo Ille cost !o 80110.-er ol lhe mortgage i11surance previously i11 pl!r'•_I l""n Jll a1t,.·11;1IP 111u<ly;1ue l11su1er approvcu by Lenu"r ti su!Jsla11llally equivalent mortga:;ie Insurance c.uver;ige Is not avalla!Jlc, llt•<10.-pr sliJll p.1, l•J Lt•11d1•r l'Jch month ;i sum pq11a! to tHll' 1.-ellth of Iii& yearly mortlJJQe Insurance premium Le1ng paid by Oorrul'oer wl"'" 1'1e l11s1irJ11c•'' "r1,111•J l:1psc>d or cruscd lo be 111 etlccl Le11rJPr v.ill accept, use and relalr1 these pay1nenls ns a loss reserve In lieu ul "'"'1\1J:H/e ln<.ui:.·1u• Loss rpscrvc payments 11";iy 110 tu11pr>1 I.Jc rt'qu11eu. at lhe option of Lender. If mortgage Insurance coverage (in tilt• ;1<11ou<1t anrl ro1 "'" l""lo<I ll1JI Le11Lle1 requhcs) fHOl'llJl'<J tl)' Jn l11su1er approved by Lender ayain becomes available and Is uLt::il11ed llu<1uM'r shall p.1 1 Ilic p•p111iu111s required to rnalntai11 morty.HJl' l11~urance 111 effect, or to pro.idea loss reserve, unlil Ille requirement for r11uitq;1<J" i11·;urJnc1' r>11ds In accordJnce .... 1111 a11y .,.,1dlt•n ;l!J't'l'llll'lli bet ... ee11 Oo•rower ;rnd lender or applic:;Jl.Jle l;iw. 9. lnspectlori. Len<.ler 01 .1·; :i•r11t r11.i)· 1 •1>~ re;iso11:.itJle £>ri!rlcs upon :111d ln~rirc 1'u11s ul tl1l' f'1operly. LerirJt•r shJil gi>e E3orrowcr notice al tile lime of or fH101 lo ;111 'w.r1•cl1on ·, .,cif1i11y rc;1s,Q11..:lb.L11 .. c>1usc for Ilic l11srr>ct"'" 10. Condenrnallon. 1111• l"'''"l'cJs o! ~ y ·-·-··--•••·· u11ecl c•• con~1'que11llal, In connecl1on with a11y condemnation or other faking of ;iny p;1.t 011111) f'•opr>1t 1 .•. 11111Jlio11. <:110 ilc>reby assig11ed and stiaii be paid to Lender. rn the event of a total taking ul ll1r> f'1npcrly.,.W" shall tic appl1e "•r'\s sc•curC'd b)' ll11s Secvrlty lnst1ume11t, v.helher or not then due, v.ilh any cxcc~s p.1•d to Oc•r•OWl'_Vl.-r, , • vi•11l of a p:irllal IJl..ln9 ll!JJ.?~'c'rly, In "liicl1 ll1e fair market value of the Properly Immediately before the lak111r1 i~ e•1ual l,,fY'or\':"5 ... -:ill'r thJ11 11 1!' ;unounl of lilt' su11i .sccu"'•J Ly l111s Si!cu1l!y Instrument lmrnedlately before lhe taking, u11l<'SS Oorrower ;i111J l P1HJL'r gihorv.y" 11;Yn~·tn..,.,,{~~~,IL __ t~1.: sv7.~~ Sl'cu•c~.;) 1111\ Sccurdy l11strv111e11t 'hall be reuuced by the amount of the proceeds mullipl11'>f l1y 1110/01101••/ 1 fr.\l't. a) Ilic lolaT··:il~\o~nl of l11c'?o111s\secured Immediately before tt;e taking, diYided by (b) the f;oilr rnar~.ct value 1!1 p,~ I 'ro~l 1 !1ly l/"'""rJ1;1ll'I)' IJ king ) b.1l:i11c sl1,1,~ti11 pJld to Bortm~er. In t11e e~enl of a partial taking or lhe Properly In v.lllcl1 ,,,,, IJ11 r1i1arkci" . IJkl\i!J Is li:>ss than the amount or the sums secured immediately for llrn ta~i114. u11'1·~~ nrrro ... qf ul1lf'ss l;Jppllcablo IJw 0H1erwlse pro•ldes. the proceeds st1all be applied to lhe su111~ secc11cd b~ 1 111!~ ,sur~1s are ll1c11 due. Unless Le11der and Borrower otherwisu agree i11 writin<J. ;111y ;1p\1\~~11~ _,,,$><:~ tall •11~ ~~rJo~lporie the duo dal<! of lhe monthly payments referred lo In paragrapt15 1 or cl1J11df • .t!•t? ~II •Ulll or r,uc l ra)'rllC'lllS. \'!j·. i .~·I 11. Borrower Nol Hel!!asr•d, fo11\i\-3l("I,'\(:'' Ely Ler<drr Not 3 Wal~t .. [•ip:1•;l~f1"'~~' r10 lime for pa)rncnt or mod1nc<1tio11 ol amortization of tl1e sums secured Ly 111"; Sr•curl · l\;1111('11! ur:i11ti•<l b)· Lc11dC!r {-cj;!~'Y r,ijcL~l~s~l1jl1:lerest or Oorrower sha!I not operate lo release lhe liability of tt1e origin::il Borr<;wrr or IJ ~~~ successors In lnlcresL VL~.!~l·~ .. l!1'0~-·~1.0l be fl'tlul1cd to cornrnen:e proceedings agamst any successor In Interest or rl'!w.i• lo r>•tcr ... 11 •e 'f<l< payrnrnl or oltierwise rnod~~9 .. '1'~/l'zJlio11 of lhe sums secured by this Secv11ty Instrument Ly reason of any dcrn:ind 111 id" l.Jy Ilic '(~~1,':t;G(!,~l'.•N or Oorrower) .•.. se(~~sp1's 111 l11lt•rcsl Any locbcarance by Lender In exercising ;my right ur rcrneuy sh~ll 1111t lw ;i w.1lvr>r o! ''"i.!!·l''rr11c~l1Tc··tt·><'11.l;is.e·-crt··5,, '\tu111!~1>'(re111P1ly 12. Successors anc.J Ass lgns !lounll; Joi11t a1~!1~•9!.il--J pa41rr1 iu.wtfr ~-1111' cvve11J11ls and ag1eemerits of lllis Secv111y lnstrumenl shall Lind and tiener1t Hie ~ucccsso1s :incl a· "lJ"; or't''C>A-.J.iu.:i!!Jlt~ 1fr. SL1hject to Ille Provl~ions or paragraph 17. OoriOl'oL'r ~ COYe11anls ,,, d ag,eemenrs sllall be joint ;md Sf!YCIJI f\117 Dorrol'ocr who co signs tt1ls Secuiily lnstrurnent but does not execule lhe tlole: (zi) Is en· cininy this Security lnslrumr.nt 011ly to mu1lg.19e. gr;111t and co1wey that Oorro.,..er's inleresf lc1 the Properly under l~1e lc"n~ of ll11s Secu1d. lnslrumcnl: (b) Is not personally obl:g:itl'd to pay ll1e surns secured by this Security lnslrurnenl, and (c) agrees tl1at Lenuer J11d ar1y ol11e1 lJ1Jrro1.er 111;iy :ig1ec k' extend, m0iJ1fy, lu1l!cJr or rnJ~e a11y accornrnodahons w11h regard lo the terms of this Security lnslru111c11! or Ille n Ir! 'Ni!lloul lhJI Oorro·,..er's conscr1 1. 13. Loan Charges. If the loJn secured by i'•ir, Security lnslrumenl Is subject lo a law .~lilch sets maxl111urn loan charges. and that law Is finally interpreted so that the 111len•sl or ot11cr lo;i 1 cli;nqes collccled or to be collcclPu In cu1111cclion v.1\IJ the loan exceed the permitted limits, lhe11 (a) any such loan charo1' stL1l1 lie rc<l.JC('d ! ·y 111·" arnouril nccL'SSJry lo rct1t1Cl' ll1u di.Hr1u lo tl•P per milted limit: and (b} any sums already cvllecled from Oorrower wt1icli PXCl'ctlcd pcrfl ,\tell l1111ils will tio relunlled lo OL'rroner Lenller may choose lo make lhls refund by reducing the principal owed under Ille tJull' or by mJ~"'[/ a rJ11ecl pay111c11! to Oo11ower. II a relu11ll reduct's prlr1cipal, the reduction will be lrealed as a parliat prepayment wilhoul .1ny pr,,paymc1 t cl11rgc under Ilic No!e. 14. Notices. Any notice to 11orrowrr provi<1 .. 1J for In !Iii~ Securll)' lnslru111£>11t ~11,111 be g"t'•l Ly dcliverin[l 1l or by 111.:idirnJ it by first class m;:iii unless appllc;:ible l;iw req11l11"J '"~ of ~noll" ·1 111rlhnd I he notice shall I.Jc d11<'clell :o ll11J Prcpc<!y Audrcss or any olher address Borrower designates by notice lo Le•l'!Pr /\ny not.1" tu le11de1 sl1Jll I.Jo given lo Boirowpr ur LPn<.ler wr1en given as p1cwtded In this paragdph. 15. Governing L~w; ScHrJbility. 11\15 :,. CUf·ly l11sl1umcnt shall be govrrneJ liy IP1forJI IJ.~ an.1i11c law or the Jurisdiction In which the Property Is located In the e•rnt ttiat any p •Nl~lo11 or c!Jusc or lh\s Securily f11stru1ne11t or tile Note connlcts with appllc.:ible law, such conflict shall not alfecl olher fHUYISions of tl1i' Security l"st,u111c11l or tho Note wlllch c;rn bo give.1 effect without !he con~icling pro~ision. To this end the provisions ol ll1is Socurlly I•· .11urnenl a11u lhe Note arc dcclari:>d to bo ~c.,l'rJblll. 16. Borrower's Copy. Borrower sliJll bo gi. r.•n ono conformed copy ol tho Noli:! ;rnd of lllis Security Instrument. 17. Transfer of the Proper!)' or a Ocncflcl 11 lnlrrcst lri llorrowcr. II all or a11y p;irt of ll1e rroperly or any lnlere~t In II Is solt.J or transferred (Of If a bene~clal Interest in Oorrowcr Is s• Id or lran~lcrrcd and Borrower is not a n;,tu1JI person) wilho..il Lender's prior written consent, Lender may, al Its option. rrquire l111mcdi;itr payment In lull of all sums St'curcd by this Security Instrument. However, this option shall not be exercised by Lcndrr II ext•1c1~1} Is prohil!ilr 11.Jy ledc<~l l,1w ;:is of lhe dale of !Ills Sccurily ln.,lrumcnt. If Lender exercised this opllon. LencJr•r sl1all give Oorr< .·1er notice of accclcr;itlon. Tho notice sl1Jll p1ovl<.le a period of not less 1>1an JO dJys from the dale the notice Is delivered or mailed will1ln v,'iich llorrow!'r must pay ;:ill sum~ st•cured by l11ls Security l11~trurne11t. ti Oo11ower fails to pay these sums prior lo lllr:i expiral1011 of this p•!ric><J LrndN r11Jy 1nvoi..o any rc111cdieo, p1•1ml!lcrJ tiy this Se".urity lnstrumenl without fuflhe1 notice or d!!mand on Borrower. 18. BorroYwcr's Rlulit to rlPl11r>l;1t1l II !lr'' ••1·,ror 1111•f·t·: u•rl.1111 1.:oriJ;llur~~. ll••uo.~"r ..-.1 1.ill t1.1"" lhL• thj!il to ti.he tl11fv1Le111t~nl ol lliis ~P.CUJily l11sl1un1e11l dl'5co11Cr111pd ;ti ,Jny filr!I' fl~1 fj lfJ !hi! p,Ji1l1~1 or (;1} s l'Jys ('Jf ~lH t1 olht.•1 1111fluJ t.1';. 3;>p!lc.able IJ....v 111ay 5µec1fy for 1einslaternenl) before sale of Ille! 1'1up,.rty pursuJnl \ .. :rny power ol s~1lc cont.1incrJ 111 ll!iS Secu11ly Instrument. or (b) enlry of a judgment enforcing this Security Instrument. Tliu•;p COflditions ~ '! ilia! Borrower: (~)pays Lender all svms ... 111ch lllcn l'.Ould be due under this Security lnslrumenl and the Note as lf no acr:elr.'ration ha•J • •;currerJ, (b) cures ;:ind default of any oilier coven;:ints or agreements: (c) pay~ all expenses Incurred In entorclng this Security IP~l•u1ne111. inrl11d11 r. tiul ri0I li11iited 10. rcasonalilc a:tor11cy's IL't•s: ;md \d) lJkes such action 3s lender may reasonably require Ill <issure t!lal 111" 11•~11 or tt1is '. "cu11ly ln~lrur11P11l, Lcnd1'1·s riglll, 111 the l'rupclly and Oorrow!!r'S obligation to pay the sums secured by this Sr.curily lnstru11>r•nl sl1:1ll con! 1uc u11d1~ngctJ Upon rclnslatrnir!nl br· Oonowrr, this Security lnsl1ument and the obllgalio.1s secured hereby shall rt'mJ111 fully l'flccllve ~~If no accelcr~llon had occurred Hv"c·.rr, llils right to reinstate shall not apply In the case of accefcralion under ri;ir:iqr:11•ll 17 ccbp:St'd.wp 16.D.7.b Packet Pg. 765 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) 19 Sala ol tivle; Ch1nu1· t>I l <1;111 St•rvicer 1nay l>e sold o<H! 01 1norc !1r11es ·,•r1tl101il 1 1, 1~ 11<•\!(·,-. tu ll lhat collL1 ct'5 r11c:nlhl~1 p.J 1 1nP11l'l du0 11r;·l•ir 1111" ~Jn 1,fl ;111 Servic,.er urue!.Jtet1 lo a s;ilr:o vf u~e tJ_111• II P1P(P i•; :' r accordance v.11t1 pariJgrJph l 1t .Jnd ~r 1 ;<1•_,1L'!" 1.-1 ... Tl11• 1 v.l11cl1 p;1y111e1115 slloulLI !Jc rn;id~ 11"': .,.,,,..• .. :I :1l~n ,., 20. Hazardous Su1Jsla11c1"; !\"""""'' •;I· HJ:;irtlou•, Sut>slaricr.•s on or in 1i1P l'l(T"'I) llcrroM" \liolalion of ariy En<1rurHnenl;il t .1w '''" i'"'''"J,,1g I.·,,, quanlitrC'S of H~1zudous Sub~f:1:icP~ 111:11 :11P qener,1lly Proper I)' Ootrowcr sl1all r:10111pll)' q1~e Lr11d"r .... :,11 11 11 r111 1 1~ n ,,,, 1cgulato1y ;J(JP~ICJ' or pr1·.1:,te '';uly 1nvnl·. :iq ll1P rl10pP1 I:, kn0,,,•1tedqP II Uorro\•1cr IPafliC",, or ir; 11·1~ l1<·d t1y ,111;· c; Hazardous Sullslance affecL11ri tl1r f'"'l"''ll "r"'' ,-.•,•. · Erwiron•nc11t.1I L;:iw As used in l!il!i-p~HJgr~ph 70. "'I l~.1'J1\Jr 'J' ~;!J!.~t:rnc,. .... L;w" anJ ttw followu1g suhslllflCf'~ 9:l'.r)!11F•. ~1·r0r;<•rir" sot·,cnts, rnJlerlJ!s contJininlJ ;isbc~h1'i {1' lr·i11p,:lrjroh)d" radioatlive rn;itcrials. /\~ usc:>d in Iii!~ 1"1r.·H11~pl1 70 Tr• is lvcatf'd U1JI rel ale to t:c;i!lh. ~;"!f11!> cir 011·, 1 rcr1rnnnt:1t 1·· 21 Acrel!!ratlon; H!!rn!!dl('~ I r>t1df'r ,,1i:11 *** OR: 2322 PG: 0656 *** 11,'l t~f11(~ ur a p.l1:1al i1·tc1est i11 U!e tl:..·1" (!·Ju1·lh11r ·.-.1P1 \1 1 :s S•!Cu'ily l11st:unP.!1d) ,,,.,,., /\ or;;1lr 1 ni;iy resull ln ;i <..t1.101q11 ;11th• t:'1llt!)' {~.110.-..n as H10 ·lu,1n ~~e1....,1c1:11 .. ) 1/1.'j C~r·r 111•\y ln·~trurnrnl l'/1prp ~11r:o 111.'1)' !1('1 ()IH' 01 1no1e cl1;ing0s vi lfw LOT\ 11''J" til lh11 l0Jr1 Serv:cer, Dorr<.'"..t'r ..,., 11 Li1 1 yl·.,,~11 -.•.:1t!L1 11 noltcc or Hie i...·11,111yQ In !,('fl ,',·I! ~t:1te 1!1t• rlJ'n~ ond .1ddrr>r;5 of tltr~ 11(','I l\l )fl Sc1\lt.:cr ,lnd lite J~1J:1~')'i to 1.1,r~ .111)1 (1!11pr 111\HrnJhc;1 rpq111rr~d ht Jflpl•C l!JI" Lu. .: ri1d •";HJ~~· ('f flCllll!l ltlt::' ~\'''~Pr'U', 11 1;11, J1-;prJ-s·,I, SlQrJQl'. Qr l~!('J')~~ Qf Jflj' · 1,:111 nut do. ririr :iiluw n11y0Pc ,.1•.1.• i'J th. ~11)!lil11q ;ille•;llng l'l'J l'ropcrly lllJl Is •:1 <>1111.,:c"~ ~l1all 1101 ;ipply lo 1111, f""~L'nC•'. 11•;(', ,,, ~101JqC' 0·1 the Pror('r\y c>f s111ail "1:q11itP•J to l>t' ;iprropri;ile to rH:r11ul rr ... 1,•~nll:JI •l~l'S Jnd to rn;ilnlL'llJ11ce of lne ··1~ !'t~r>«,t:q l\1('1', (!Jim, dl'ln._1r1r.J. 1:1.',')•1•! pr 1Jt 111'r ~11:\n)~l bj' ~ny ~·JY('lr111lllFl!Jf Or 111 J ;111)" tl.1.".1rdvus SutJ~IJnC(' er r11vl1011,Tll'rl1:1l l,l,'w' of which DotrOY..er hJS JcluJI .1"11111!'11\JI (" rroul.1lory ;iull1u111 1· 111,1\ :ir•y 1p11.o.JI or other rernr~d1»l1011 ol any r l\c!/()',';l'f ~.!1Jll prompli)' iJhp ~1 1 1 1 1Pll'~-· ,ir,· r1•r;1,•J .. 1l :ictlons In OCLU•d~ince v-.1lt1 1u· llH''iP ~1llJJ\.111res dcl111ed :1·; lu•11: \'r ,, li,11d· ·11j .. ,,<1tJslJ1;crs by f:11tlrurnn1.'nlal 111»r l!.1111111:1!JIP 01 toxic pcl10teur11 l''L'ducl·~ !ti.le f1 Psticlde'i Jnd he1blc1dcs. 'wOIJlde ' 11Jll111r<tliJI l :w." mrJns Jrder;1l I:>.\', .111d I 1:.~ !ii 11,,. j•111~dicliu11 wile1e :tie f'rc1 peity ~}1'.r! 110(1((" I'.) 0 1JUOWC'r prior ltJ ,1·:1:e:e1.1l1·1ll fu:lo,-.i11g [Jl,JrrQ,~'(!(5 tJ1eJdl l)f ~ny rl 1irit prl1.:1 lo arcelcrJtion u11u<'r pJr<H;1.11·h 11 unlp~s apµllc.:Jble law pro•ides "' Jcl11i11 requirpd lo curu tile dr<l:1uil, (r) .1 Ll.ll<'. 11ul l1'r,s lnan 30 days ftom lhe dale 1 Li" t ',Jtl'd, J11d (ll) lhl1I f~11:ur0 !·111Jrn tl:P d•·L1u1l on Qr belo<o !he date sµeuried in "'I 1,,. 1t11r, ~>t>cu11!y l11slrurm•11I. l111pclur,"'"' IJy judlclJi proceeding a11d sJle of lite 11,,, 11\il<t lu rel11sl;1:c ~l1rr acc1"1,.1a1.u11 ;11,J th•} 1.ylrt lo asse;t In lire lor~c'usu<e "•·w.e of [10110.,r• lo ~cccle1,1lrcn ;111tJ '''"''·'('r,u1c II t~ie default ls 1101 tu<cd on 01 "''" 111,I)' r~•Jui11' l111111pdl;1le p.171nn111 I" l·.rll ol J'i su111s secu;ed by this Secunty co.,.rn:111I or :ig•!•crne11I in 11115 Srr 1;1il, l11c:1tJ111rfll (1 ot11crv.i~e) l he notice st1oll sprc1fy (:i) 1111.• >i(•l:i.,11. (I.>)· lt1'! 110!1c.~ 1:. 9i.ier1 lo fJcirro'1.rr, tJj' y,!,·f. '' !!1f 1 d1·f,Lill 1111: tf·.e nol1re ll1:1)' f{'SUlt lrl llC'..':Cl,..r~1li0n of ll1f' c;t:rn<; !'.f'Cl Properly 11ie notice shJll lu1t•1f'r i11I""" i11Jr11r ... 1'r ,.r proceeding lt·c non e•islr11cc of J cJC'!.11r'1 ,,. "'') ull1er • before ll1e dale specifird In lhc ""'" n I l'l l'i"' · .11 11~ I ' ln~trumt'ril without furH1er dernJ11d and ""')' lc1,,cl:J~" I' expen~cs lr1curred In pursui11g tlte 1pr1,,·d "S f'''J•:d,,d "' of Ilic !rile cvlclcr>CC' ·~ Srcudly l11slru1ne11I b)' ju11lcl;1I p1ocef!•J.11v Le1.tlcr sil;ill be enlilled !o c·u!lecl all ""'~ p:11.H1r;11d1 2t. l11clut.llllg, lnJI Pl'i l""''"u !11, reJ•;•J110t,1e Jllur11ey's let's and costs 22 P.clr;ise. U11011 pJy1111'11i ii .111 ',1111:•; '·"' c:ha;ge, lo norrON('f Oorrower ~11.1!1 fl.I', .. ,, .... "'" 23. Attorneys' recs. /\•; \!"" 1 "It""· b;• an ;ipp•!!!.1le court 24. Hid~rs tu this S!'r1nil)' 1,,.,,, Instrument. tile covc11anls <ittd ~CJ'"C'"i" 1!·; 1;1 agrC'er11ents o! ll!ls Security 1r:r,l1u111>'11I ;1'; d 0 [J /\diuslolJle f{Jte nuer GrarJuJlcd f'ayrnC'ttl ftder Oalloon f<ider Olhcr(s) (~.p!:c1ly SlGtJlfJG lJELOW, Borrower ilfc"PI~ ·'"d excculcd bi llorrow<'r ;:111<J recorded'""!' ii Signed. ~ralerJ ind de:i<cr!'d in 1111~ f'''-~' '""" ,,1 .t.. s.g11alure ~4-~ {(__'_.::.::·~~·' . p l'rinl tJame . --------~--· Sig11ature· -.-: .. ..-.-, . f'r int tJ;i111c STl\TEOF .FLORIDA COUtJTY or COLLIER ackno'lllPdgrnenls. pcr sonnl!y appcci11·r! RUSA M. ~).\JI 1~)\lJI f' .. _____ j___ .ird rpco:dt~1 J tugellier Vwilh lt11s S1~curl!y J11ll S•Jpple111clll l!ie UJ•erunls anLl 1\r1pliul;!e Box) {SL•J!) llorru>'er KllSA ~I. SlLVA /, , -) ., . . ("""') _ _._.._N"""l"'"U'~h-rf:-s rt VA....._:_._. _____ ~." S1q11;1\ur(' (louo,·~r: ' S lL\'A t.. N 1 UKKA IL SILVA r ht! y execul'!d llio sa111a lor I \'l'ITtJESS my hand and off1ciJI sl':il "'I'" ('n11n•,. a•1 l ·1"'" :ilu1r·.:iU 111";. _jr ____ dJ)' '-'' , 19 / My Comrnr~sion Explrc·s· , ' , '. , --..:S..----------fl6--·--i--- fJct~l.I)' rut1 !1~ $ ~)!ynit:t\J'e (SEi\L) llu!;try s l'rrlll"J tJ;i1~,,. .•. _,._.,.,,.,_,,. .!!: s:e _ . ·:,. .. , l\.A THU EN SINGER ' . , . f• COMMi8S~ ICC 472~ r ~~/ 1 rXPtfliS; Seclltmli.f 2~. 199'- . ,Y ,• _ ~ Thnl :lflY Nlllo ~'~_j ccbpled.wp 16.D.7.b Packet Pg. 766 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) Retn: GULfSBOll TITLI CO PICI UP 2193782 OR: 2322 PG: 0657 RICORDID lD tbe OPPICIAL RICORDS ot COLLIIR COUIYT, PL 0&/12/97 at IO:IOAJI DWIGHT I. BIOCI, CLlll : / ' /' I ' .,.. I, o \ OBLD OBLI RIC PU OOC-.l~ INT·.002 SECO~ID l.IOfUG/\GE ('5r>curil)' l11'.lrurr1Prrl J \-,(JI .,, Orr 6 /fl/ 9 7 El.OSA M. SILVA a11<l NIUKA B. SIL' .. \ ! l1l' Sern11d r.1orlg.1u0r Is [lorrowe1") rLender"). wl1ich Is ortiarrlzcd ~rrd r»ct111rJ unurr Ilic lJQ!:_!U!..Jl!:l.QJ,•-12%J._y_c...._Jj.:ip)._e 11 .__f_l_o_.t.i_~ t;\ P.J2hld\BS_J\UQ_@_l19.9_Tl!,'i (t 2.~Q0,00_ J tkl 'Iris Secu11i)' /115\r~n1enl !s g: .. e11 lo·---· ,_\,,'Q.UJ..iJL.C.Q.l.!.ulL.. ___ _ 11,5 ol tr1c Urrticd Sl;ilos ol /\111r•i!ca. J11J v.J1o~c ;i 1JJ1css Is __ ll!J..2-HO..J:..t.b ._:U.2.1_:?_. Uo11owcr O••C~ Lr•11<Jcr ll1e su111 c,r _ _THQ Tl!.Q.Q.Sh.t{J;L..LI.YR i~ cviucrrceu by Oo11owc"s ~lole d.1lcd 111,. s.1rr1c d:1lr> as this Secv1\ly \11strvrnl!nl ("Sccorrd MorlgCJgc"). ,..i.1cl1 provlclc~ lvr 1no11tldy po, "enls, with ilio lull dcbl, II nol pJIJ c:i1ll0r, due Jnd pJy3ble on _ .11.tl.e..._Q..f p_Z::.QP-~.~\;y, __ x_"_tJnnn_c.o,_.or. lQnn._o_f._ h· mr>nJ:.i;.11~\_o_y,_~1~~_t.l2n__. 1rils Soc1 .. 1ily l11s11u111enl ~ccvrcs lo LcnJer. (al tho rep3yrncrrl or lhc debt evlacnc('cJ by \ire llol". wi\/11111~11· 1. ~nrJ JI! rcr~Cl'IJls, o•lonslons Jr:LI 111ocJrl1cJllv11~: it.lJ lhe pJymcnt ol all olhcr sums, with lntcresl ;:idv3nccd ur;dcr r~r;igr~pl1 7 to protC'rl llif" r>cudly of llic Sccuilly lnslrur11r11l. J11rJ (c) Ilic pcrlur111anco ol Bo11owcr's covenanls and agrcemcrrls u11der llils Security lw,11111111,111 .J11rJ Ilic• r ilc fn1 tllh rv•poso, 00110.,cr d""" h~1ehy r,1cc111d mortgage, gr.:int arrd comey to lcn\lcr the following de~c1ibcd p10p~tl)· lt,r~tPd 1,, _<.;, l.l.i.r>.LCou11ly, rloilda. ' mo.oo mo.uo IUO 8. I~ uo Lot 12, Block 196, Guidl~ll G.'.ltl', Unit ti, .'.lccording tl1 tL· pl.'.lt thereof as recc)rJe<l i n Plat Book '> , Pa g vs 12 L1 t Ii r o rr ~: h l J t1 , i n c 1 us iv e , ll f r h c• I' u b 1 i c R <'co r <ls of co l lier County, Florida, a I k I a 2 2 0 0 5 1 s t Te r L1 c e S \~ , N :1; l P s , F 1 u r i (Li J td 1 G TOGETllEl1 WITH ali \11(> lrrqJ1011'lll('fllS no~. 'lrl'real\(•1 c1rctcJ on llro rrciprrl), a11i.J ;111 l':1sc111c11ls, rlgltls, appurtenances, r~nl,, royalties, rnl11eral. oil and gas rigid•, :111d rror!I~. wJI r rlglils :ind stock :ind Jll nxluit'S now or 1,.~rcallC'r a pa•I or the prope•ly. AJI r('placemen1s and additions slt;ill also 1,~ ccnc1cd by 111• 'ic•cuiily l11strur•1rnl /\II of Ilic forcgulng Is relcncd lo 111 this Secvilty lnslsument n Ille "Property·. OOfHlOWEH COVEl<MJT'.; till\ [lrJ110·,.,e1 i'.. 1 . .,iully Sl'tled o! Ilic es\JIC firr,•1J1· COltvqrd J11d has 1110 iiglit lo moilgJge, g1J11l and convey lite Properly and Iii.it the l'1oprrly I~ unC'". ·mrl~~Je~. ~~= .. f""'. "rll;~:TQ't:i!ll~uv. 1ll1:incPs ol rcc.·c1 1d Uo11owcr wan ants and will defend ,.,,,. ·1',f ' ~:0 {,,'\ '"' ,, generally the litl(I lo lhe Proper!)' agJill'..I ,11! cl.1im·; ~11d' :: .. S\ .i!iit''t t '\.l.JC/\C}:Hi!l~"l.J''CrS or fl'COrd. . 1 t llS SECUHI TY rris T HUI.I[ t Ir combl11c~ )"/' ''.(..,,;1Tl15Tor7l:rtieil::~t,\J\;~ .. j~'~. non u1111or111 co• Cf\~nts with li111l1cd •ailalk1n by Jurl5diclion lo cons!ltulo a unrlorm sccu1ily i11~lru11.1c;t(,e 1 .. 1cal rropcrty. '<.~ ):'::·~ UNIF0\1M COVC::N/\111 S ll1.i11011rr :i1J,.t$·Lr\AJ ... ,...i·covc11;int :i11d Jgrcc 35 loilo·"""~ 1. Payment of Prlnclpal J11d lr1tcrc/t; Prl'(\l'·""°''~'.;tt.•(,( L~to Ch~rg,cs. tlorr~t'I $1.111 pronrplly pay .... hen due UH? pd11cipal of and Interest 011 the debl evldc11ccd by !Irr: llolc/ / l,,1Ld%,"' '"'""'''"''"'""''!''\ • \ \ 2. Taxes. Tiie MortgJgu1 1•.ill p.1f' all l~•l" ;i~r,pr,Si"" r rcnl 01 w:1ll•nplt·s~Hlur lo Ilic accrual of any penalties or ' , ~ 1 Interest thereon. f ; / \ \ 1ho Mortg;igor shill/ p;iy or r:"i~o lo tJr; ff·1'd . lllJ!l~;Jll IJ•cs a11d governmcnt;il cl1arges of any kind wil;itsoever which m;iy nl ;1rrr 1i111q be 1 ·" rcip_ecl Jo lho r1oporly, (2) all ullll\y ~nd other ch:irges, Including "service ch;irgcs". i11cur1c\1,~1 1 n~ c.J~-.vr:inr.y, up~oep and lrnproverncnl of the Properly, and (3) al! ~ssessmcnls or oil1L•r · p.;:cr~rr11· .1 cliJ7[ics~Tf1al r wfully , 1\f' )l'\,,~•fstJl!rncnts over a period of >eats, \he Mortgagor sholl be obligated under Ilic 1,10119 · ~, ··r c;iu~c lo bo ralu on! ch ln·~IJllrr1lr1iy1t ;ire rcquhcd lo be paid during the term of the Mortg:ige, and shall, promrlly ;Jllrr l!•c p 1 ' nny ol lhc lo1cgol11g, I lo /Ao1J~~~'C'~lcvlJcricc ot such payment. 3. Appllcallon of P~ymc11ls. U11!css\ \1."c IJw rrovldcs olhcrwh I p(lyr,~fc.1\\$/t}celvcd by Lender shall be applleLI: n1sl. lo Interest due: and. to prlnclp:it due. arru /J~l. lo Jrry ·,'~~.ocs due u11dcr tho Noto ""i .. /t' \. ...... ·· / 4. Charges; Liens. Oofl(mcr sli.111 r:iy I (1~1~,:css111cnls, ch;irg~~, ... .fi;"ffY~1r~,,!J11rnposltlons ;illribul;ible to U1e Property whlcl1 may attain prloiity over this Sccu1ity l11~tru111cnl, :imJ <(:(l•olcJ1.!)'~11u2.LLQLQ!·et11)Q'\c1~,,)t nny llo1towcr strall promptly furnish lo Lender all notices or amour<ts to be p:ild unu,.r llil~ p:ir;:igr:irih. ,,J:l ... ..:i.U ~~l/1~~1lvlt'c .B r,:;11rne11ts. Borrower shal! promptly dlscl1;11gc J11y li~n y,' t.11 llJ$''~t!h:' ... ~.~'!:~:...... ·G',;1)· lrrslrumcr1I u11lcss Uo11ower: {a) agrees In willing to the payment of lhe obligation secured by Ilic lic11 In a 1· 1rrner ;iccl'plallle lo Lender: (ll) conlrsls In good laltt1 lhe lien b)', or dclends against cnlorccment of the lien In, lcg::il proccl'i.Jrngs whiclt 111 ti • Lr11uci's opinion opo1alo lo prevf'11l the cnlorcemenl or lho llen: or (c) secures from the holder of the llen an ag1ccmrmt ~:ilr~fJclo1y lo Lei '•'r ~ullo1ulnallng !Ito llen lo llrls Srcurlly l11slrumt!nl. If l~11der dehm11\nes Uiat any par! of lhe P1ope1\y ls subject lo a llcrr wlticlr may ;:i\t,1' pdorily over the Secuilly lnslrurllcnl, Lcr•rJcr m.:iy give Elo11ower a notice ldenlllylng the lien. Borrower shall sall~ry \he llrn or \Jkc Oil\? 01" ''C or il1e oc1ior1s sci forl\1above1 .. 111!\n 10 rJ.1ys ol lilc giving of no!lce. 5. llazard or Propcr1y \11sur:rncc. 00110 "r ~lrJI/ kcrp the lmprovelllc11\s 11ow c•lst111g 01 herealler erected on U1e rrope1ty Insured againsl toss by Ore, harard~ i11cludcu "illrl11 I' .. lc11n "c•tcni.Jt'd covcr;igo· arru ~"Y olilC't hazards. Including floods or flooding, lor which Lender requires [nsur;rncl!. llri~ l11~urancc sl1~\I' n ni:ilnialncd In lhe amounls ;ind \or \he periods lt1al Lendl!r requires. The Insurance carrier pro·fiding lhe Insurance ~h;rll b<• chosen by f1 110·,,cr sul,jccl lo I.ender's approvJl wlrkli shalt not be unreasonably withheld. If Dorrower farls to rnalnlain covrr'1gf! lh:·;rliliC'd abov:' LrntJcr rnny, al Lender's orllon, obl;iln covc:;ige to prolocl Lende:'s rights ln the Property in accordance with parag1;ipl1 7 /\l all tlrncs I .11 lli'! Nole Is oulstJndlng, lhc MorlgJgo1 sl•Jll maintain Insurance wllh respect lo lhe P1emtses against such risks ;:ind lor ~ucti :imounls ~' 11c cuslorn~rlly insured agal11sl ;111LI p~y. as tho sarne bccome due and payable, ail premiums In respect lhc1elo. lnclud11111 bul 110! ll111l!l'U '1. Jll r!~k l11su1ancc protecting Ilic lnlc1cs\s o! lite Morlg;:igor and Mortgag~e against loss o• dJm:ige lo tire r1emlscs by f1fl'. liglrl:rlng. Jrrd · rr .. cr cJsuJllics customarily \11surc•J <1!JJ/rrsl (lncluuing boiler e~ploslon, II approprl:ite), with 3 unllorm stand<11d exlt'ndrr! co"•1.19c cndors'lrn• .1. lncluJlno l.lcbils removal co•crJIJl'. Suclr lrrsurancc at all times lo bo In an arnount not led than lhe lull rcpl;iccm(!nl cos\ ol \\r(! l'rcml!.~!. ·~elusive ol rooilnos and founrJ~\1011~ •• All Insurance pollcics and rrn,,w:ils sh:ill be crp\Jblc lo Lender and sli;il\ l11clui.Je J 5\:111dJ1u 111ortgage clause. Lender stiail have lhe right to hold tho policies Jrrd rc11,,,.,,11~ II Lrni.J,. 1rq•;lro,, Uo11owcr sh:ill r1011 1pll)' tJlvc ll• LC"nJcr ;;ii receipt' ol paid premiums and renewal notices. In lhe event or io5s. llc;rrowe1 !.lrJll q ~ r•or11pl nollce lo !he l11su1ar1cc cJrrlt'r :i11J Lender. Lender may make proof of toss tr not m;:ide promptly by Oorrowcr. Unless Lender ;:ind Oot10"''"' olll1~1\"lsc ao•(' 111 v,li\inu. lr1~u1ancc proc(!e\J~ strall IJc ;ippllciJ lo 1cslo1atlon or repair of Ille P1operty damaged, it lhe restoration or rcr.111 i:; cconornlc:ill; lr>;:i~lblC' ;ind Lc11dci', sccurll)' Is not lrs~crred. II lhe restoration er repair Is not economically feasible or Lender's scclf'ily woulu bo Ir ~c11r>LI. Ille lnsuranco proceeds sliJll bo ;ipp 11cd lo the sums secured oy the Secvtlty U lnslrumr.n!, whether or nol ltH!r1 due. wil\1 Jny ::?XCC!.~ ··~Id lo OoPower. If Oorrowrr ;i1J.1ndon~ l\1c rro1icrly, or does not answer wllhln JO ..J days a notice from Lender ll1al lhe lw.ur;ince c.111icr I 15 ollcred lo sclllo <i cl;i!rn, ll1cn Lt'<HJcr 1n~y collect llro Insurance proceeds. lender • ;/!,'ay use the proceeds to rC'pair or rP~lu1c the r1t'fH'rl1 •11 lo p;iy sums secured by this 5ccu1lly lmlru111c11l, whether 01 nol lhcn due. The JQ. 0 f:' ,,j~perlod wlll beorn when the nollcc 15 111~ilcd. \!11 >S Lender and Bo11owcr olhcrwl~c '19rce In wdtlng, any appllc.1tlon or proceeds lo ..,. ~ fl>rfiitlp3\ shall not exlend or poslpo11c Ilic due thle ,/ lliC' 11v:i11lliiy p~yrncnls refc11rd lo In pJrJg1aph 1 or chango lhe Jmounl of U1e § .:: ~~cnls. If under paragraph 21 lt>c l'roprrly I~ ncri• rd by Lcnucr, Oorrowcr's right lo ;my lnsur,rncc poltcl~s and proceeds resu!Ung horn ~ (3 GI age lo tho Properly pilor lo the w1uisilio11 siiJll P" ~ lo Lcmlc1 lo Ille cxlcnl ol iltc s,;111s sccurc 1.1 lJy this S\curily lnslrument lmrnedialely ~ c1 ·~ r to the acquisilion. \ ~ {§.i ~ "' 6. Occupa11cy, l"rt'S!!f>'~lron, l.1;d11lc11~1 " ~11J Protcctlo11 of lite Proprrt,·: Ocrruwcr's loJn Appllcallon, Le;iseholds. ~ <ll i-l\(rrower shall occupy, est~blrsh, a11d u~c \he Propp1I :1~ 00110·,..ci's principal residence ... 1111111 ,1,1y da)'S aller !'113 e~ccvtlon ol this Sr.cur1ty Cl: (; :7' llitlrumenl and shall conlinua lo OCCl'PY lir!' r1or•~il1 .is !lo11owcr's principal rcsldcnc~ 101 al lrJsl one year al\er Ille date of occvpanc.)', 4 unless Le11der olherwis11 ag1ees In v.1111119, v.hlch r•" :r>r1l 'lrJll nol be u111c~so11Jbly wlllilt<.'ld, 01 u11lcss e•lenuallng cl1cvmstances 9).\sl which are bt>yond Oo11owcr's control llorro1.t•1 >li.1111 ·I 1Jr>lroy, d.:imJl)C 01 lmpJlr !11n l'1<'prriy, :1r 1uw lire Prcpetly to deledo;ale. or C\lmmll waslc on 16.D.7.b Packet Pg. 767 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) OR: 2322 PG: 0658 Ille f'rop<!rly. Oo11ower st1a1: l:JP 111,li" ic.11.I ·'''I !c·:IPd. ":11.l"J" l" ;i1occcJl11Q, wl1c!l1c1 ci.il ur L' '"'"JI, is UL'IJv" ll1Jt 111 Lc11Jc1·s yooJ IJ.UI judgment could tt>Sull In lolfcdurc ol 111,• l'101•c1ly or 1 '1r1·;.l~c 111,1ll'1!~lly lmp:ilr Ille :i,.,, crr:ilt•J t>1 lid~ Security lnslru111e11t or Le11de1's securily l11lPll'51. Oo11ower 111ay cu11• r,u· Ii :i 1ir'l.1u11 J• I rel11~lclc. :ir, rro,idcd t11 pJ1;191,1pl1 10, l>)· c;1us:.1u 1110 action c11 procel•dl11g to be dismissed will\ a ruli11g lhJl, In LP11tl1·r '' (J'J'''J !Jiiii 11· "'r 0 11i11;1tio11, prcclutles fo:lcllurp ol 111() Uc•1HJ•'•l'I s l11lcccst 111 tho Prope1ty or other material i111pa!1111ent ol Ille lic11 CtPJlt•>J !')' 11,,.; :.L'curd> '·>l•1111ir.'nl 01 lc1H.Jcr's s·~cu1:ty l1111_,1cst LJ,.,,u ... cr sl•Jll Jlso be In delJult II 00110..,cr. during Ille loan aµpl1calion process, q ,,,. ni;1l1·rl:ill)' l;1' "or l11;1ccu1J!c l11lonnallo11 or ~l.1l1•111c>11ls lu Lc•:1dt•r \o; rJ!lcd to prc;lde Lender with any material 1nlorr11allon) in conrH•cl11H1 , .. i111 i!•c illJ · "vll!r11cctJ by Illa Nult>, 111,!ud~"IJ. IJ1;I 11ut lirnllcd lo, rrprcsentatlon5 conc1!rn!11g Bo1ro1.,cr's occupancy ol tlic Properly :i' ~ r•rinripJI 11· •knee. II 11,;s Sccurlly lnsl1v111c11l !s 011 J ~cJr,cl1l)lcJ. Oo11ower sh;ill comply .... 1th all lhc p1ovi~io11 ol tho lcJ$C II lJ011m·.1•1 ,11 •1""''' kc 1,i1, 1 i 11,t• l':opr·ily, ll:o lcJscliolJ ;p·J Ilic IL'•! 1.110 r,/1J!I r;ul :nerwo unless LendN ;igrees lo Ill(' r11crgC'r in writing 7. P1otcctlo11 of Lo1HJrr's llluli!~ !11 tl1c r•, Security lrio:;tru1nenl, or there I~ a k·~J ,! 11r1;1·1·pd1nrJ !1· OanJ..1upky, '1rOb'1tO for cn1HJ<.tr!'r',J!11111 rn lpd1.>llu1fl or! lo protect Ifie value or lhc> l'rope•\)' :ir••l Lr'"""'·s rl!Jr,i ~,tJ,ch h,1-; p1iwlly o"c' 11115 011tt:1dy l1"-,l1111111>rd ;lppfl.1 rC'pJlrs Ali!iough LenrJcr 111Jy l;1kc ;H 1"'" , .. ,,·.l~r ll11s I' this par:ic;•apli 7 shJll brco11.e Jo.J.J,11.,,,,,1 ti<'ld al Douc· tcu11s of pJyrncnl, tllc~e Jrnounl~ ~11:1 1 1 l""" l•:lrrr~I f,, 11ol1c!' Imm LPnde1 lo Oo•ru.'•C'r rrQur·~1" ir1pl)1nP11! pr:ty. II llu110,,cr lalls lo rie" .. •1111 ll1~ c•.>vi•11J11I~ ~"t! ou•ccmonts contJlncd In this 1 ""Y sl1111'ricJ11!1y a'lccl Le11tl~· ~ il(llii'l 111 1110 r11or,.r1y (such n a p1uceedl11g 111 r•nl<..1rcH b~·.-; Of i('gulJ!lons). 111(':1 LL'IH.11~r Ill~) dlJ ~fld D~Y for 'nhatever I-; necessary ir1 Iii~ Prop._1:1)' Lender's ac!lo1''!ii ;11~y j:1LludCt p;11·lnc1 Jny su1119 secureJ by J lien ·•J !11 cvv•I. fl)tl"IJ rrJsonablc Jilo111,•>s l1•t"; a.it.I c•1lelin9 on the Properly to make :•t)'.1:111 7 ll•111.k1 docs nol li~.o lo do ~.o 1\11y J111ou,ils disbursed by Lender 1;11Je1 0 r ~\·c111t•tl by llds Security l11sl1u111~r1! U11lcss Oorro,,cr a11d Lender Jg•ee lo olt1e< <1 iliL' liJlc ol <foliu1s~r11onl ol 1110 rlolo rJlv ;1t1t.I s!iJll bo poyJblo, v.ilh lnlcrest, upon 8. Mo1toagc Jn-;ur:incl' :1 L_ .. 11·J"' 1c•11ui·· l 11HJ1!tFHJl' insuronct'.' ns a co11d1l1011 L)f 1r·~1lo.!1,1y tlu~ 10J11 secured by Ulls Secu1itt ln~11ur11en1, 00110 .. rcr stl.Jll p:vy li•e 111('111iunir, rcqt;l1C' I lo ni.1lrll~1l11 Hll~ rnotlg:igo !11i;u1:i11co 111 ,~fll'...:l If. lor Jny feason, lhc rnoctgJge- lnsuraace coverage required l;y LP•"l"r '·'i"·"'.. or (r "S L.> he l,i ~ilrcl, Oorrowrr ~iu'I PJt fl·,~ p1r111lu1ns rcqul1ed lo otJlaln wvt!rJg~ substantially cqulvJlcnt lo Ilic rnool<J:l'I" ifl'..u•J11c·1 I" .rou~ly 111 c>llcci, ot a cost sulJ~!.111tl;1ll1· Pqulv.:ill'nl to Ilic cost to Oorro.,er ol lh1J morlg~qc ln~v1ance previously In l'llc·r I lrorn .111 Jli· ":ilr r11orl1puc l11surcr ~ppro•c I l!y Leid"'· JI sub$1Jnllally equivalent rnodgage lnsurancP coverage Is not a·;;ill.:iiJI~. liu•11J8rr ~!1.:ili p:i !u LP11c.Jcr ('Jcli ino11lh u ~vm rq,1,11 tu l""~ i,,~ill'i ol l11e yea1ly mortgJge ln~uranca premium being paid by Oorrowcr ,.,111·11 li1(' l11~u1<1•1cr· "T"llJG lopscd or ceased to be 111 clkct l.c11tJer ~.111 accept, use and 1elaln these payments as a loss reserve In lieu o' "''"lcpqr 111~11:. ''l' loss rr5crvc riaymcnts rn.1y 110 101111•.'r be required, at lhc opllon of LenJcr. 1r rnortgage Insurance coverage (in 111(• a111.11111l J11d l0r '111! perlu<J !11JI Lenc.Jer rcqulirr,) pro,ltll'u b; Jll l11su1cr Jpprcved t.y Ler:tJer aQJlll becomes avadalJlc and Is o!il;ilnrd 1l1J110."'' st1;ill p.o, ll1e p•l'111lu111s 1rqulred lo 111;il11IJl11 lflu1!\P\Jl' l11surancP. In ellecl, 01 to provide a toss 1eservc, until l11e 1cqulrc111cnt for 1nu1i!rHJ'' l11~u•a11c•· r11tJs In accortlanco with a11y .,.,,ilfl'ri a1J•L'l'•11e11t bl'lhren Donower and Lende1 or applical!le l~w. 9. Inspection. LcnUl'r (JI ,(~ ;HJ•'fil rTr'l)' 1'!' l('~~OllJlJlo enlrlcs upon ,111d 111 .. prc.l•l)llS ol ll1l' r'rop~rl]'. Lender SIJJll gi;e Uo11ower nolicc al tlic lir11c ol or prio1 111 ,111 i11crpclio11 · "'Ci!yl11g rt:,1.~0'1·<lMu. ... cil.J.!.5C lor 1111~ l11~pcck·11 10. Condcrnnatlon Tlir> p11JU't.1 ds of .1 'I \<~':"", "" ''", ~'~. (juecl or coni;equL•nlla!, lo C01HH~ctlon with any condcrnnalio11 or oll1c1 taking cl ant p::il ul 1111! r•rrJrwrl ,,.'(}'(I i\<:J~11111Jlio11, aro llr1eby assigned and shall tie paid llJ lender. In the event ol a Iota! 1~~1119 ul !111• l'wrw•l~/·I<'' s sl1Jl1 be app ~·'c\~5 st'rurL'd b; tills Security lnslru1nenl, wllelher 01 not then due, Y<ilh any e•Cr>S$ p;hl lo (louo;,9'( .r'1 .. •·. rvr11t ol :i p3rtlJI l;ikl110 !,,+~'1'1.;cpt••ly, lr1 wll:ch lhe fJlr market value ol the Prope1ly lrnmedlJlcly be lore Ille taki"'J I~ L"ltrJI }tl o~·r-•><11P1 1ll;i11 l11f! ~:noun! ol Ilic 5uli · scctl\ciJ l•y llils Secu11ly Instrument lrn1neJlatcly be Joie tl1e takir1g, unless Oo11o""c'. ~'"' Lr11LJ• .. ,,1,611ic1"/?·1;;:mrc·c·11r11l,J]~.lil,, .. ll.~~. !.~flJ,s sc·cu•r by II~~ SccJ1ily Instrument shalt be reduced by the ;Jmount of Ilic proceeds mull•p!.rJd by 11101 lollol•· 1 1'14#r(?t~~(~) tho toinr irrnOiunl ul tl1c su•"~' secured lrnmodl;itely before the talo.lng, divided by (b) the fJlr ma•ket value ol 111r~ f'l(1f1,,i1y /m. ntJl.11<·ly ~~!;:O:'Ti;'· lakln . 11 b:11~!S" 5i1J\ IJe paid lo Dorrowcr. In t11e event or a partial !Jklng of lhe Property In 1,lilcil 1111• l;1lrfrn.:i1k ~4'o V"r~p~ )lqt'll!o l.J'-\11g Is less l/!Jn !tie amou11t of U1e sums secured lrnrnediJfely !or HH! IJkl11g, u11l•·s~ [lf""" 1Vcrlo111tr"if '/Jr ~"'"~sJJppllcJIJ 1 o law olhc1Wlse p101ldes. the procec.>ds shall be <ipplicd lo Ilic Sl•'"~ St'C!Jrrd cd!1r' ' u./r ·· I ill<!, s:.11j11s a1e lhcn due. Unless lender and Borrowc.>r olilt?rwlso agree In wr illn(J. ;:iit ;i1\r1~1 c~ L'nJJ l:ur ~oslpo11e the duo dale or tile moot/117 payrncnls 1elerrcd lo In pJragraphs 1 o• cl!JrH\ .. ' •lfli ol 5ucl1 pJp11e11ls. ·• i C:::," I 11.. Oorrowcr tlot Rclca~cd, ror £ly Lrndl't Not 3 Wal io lime l•Jr p:i)rncnl or r11cxMc.aUon ol amortization or Ilic sums sccu1cd !Jr lid·; Sr.·cur' grJ11lt'tl by Lender"' y s .. ~cli r liile1t.'sl ol Oorruwer sh;ill nol oµerale to reteJ$e ll1l' lrabllily ol Ilic 01igi11~l lt""'"'•Pr 01 succr:'ssors In lrdcrcsl. /~~l,. ut t:o required lo cornrncnco p1oceed!ngs against any sLrcccssor In lnlcrcsl or rl'l'''l' lu c~ll'r r pay111r11t ur oll1crwiso r a~1l1 zJiilln or tt1e sums SL•cured by tl1!s SeC\Jrily l11s\ru111cnl by rrason or il"Y drri1a111J '"'ldt• by the 10·,,cr or Oorrower:,s.. '.;,.t:['rs 111 l11lercsl Any lorbear311co by Lender In e~ercising any right or re111etly ~il~ll 1101 lir J w,11vr1 ol '· , "t'*eHiil·ttt~rin·y 12. SucceHors a11tl Asslo11s nou11tJ; Joli: Jn'~ .. r J:~a~flfl\,~Jt: .. §:.l crs 11ie cu•e11J11ls J11d J;J1eer11cn!s of 111\s Securily lnst1u111rnl shall tilr,d and b!'nefil Ilic :,11r c• .. •,:,ors J•i<.I ;1 ·'.l•J"~ ol t'-( ... .;iJ.ia.tl0fro·\;;·rr, sul,)cct lo 1111! Provisions of p;iragrapll 17. Oorro1.t·I~ COd~llJlllS ~ r) ;ig1ccn1e11ls sliJll bo )olnl 311d S('vCrJI i\11y Oorru1~cr .... ho co sl1.111s l/1ls Security Instrument bul does not e~cculc ll•e I lolr: (:i) Is er> ·q11l11g l/1ls St>curll)' lns!rumc11t ,,111y lo '.llUiil)JIJC, g1:i11t a11d convey lt:at Oorrower's lnlcrcst In lhc Property under Ilic I<''"'' ol !lils Sccu•i' 111,11u111c11l; (b) Is not personally ulJ!il)Jlr:i.l to pay tile sums secu1cd b)' tt!ls Secudty Instrument; and (c) agrees tl1at Lcntfrr a11tl ;iny ol11(' llo11owcr rn~y ~grc!! lo Clltcnd, 1110\Jify, k•rbcJr or rnake any acCQmmodalions with regard lo tile terms ol lliis Scc11rlly lr:~!rur11c11t or ll1e t. !I'! ~.ill1out lilJt Oorrowe1's consent. 13. Loan Ch;irges. I! Ilic loJn ~~cured by! !~Security l115ltumcnl Is sub)ccl to J IJl'I 1·.lilcl1 sets PlJlllmum loan charges, and !hat lal'l IS finally lnlerpreter1 so tl1a1 i11c !1iir>•Pst or ot110r le·· 1 cl1~rgcs collcclcd or lo bo collcr.ll't.l In con11ccllon wilh the loan e,11ceed the pennlttcd lirnils, therr (aj any such loan charge s1i.-,11 be rcduc,,,J · 'Y tl1r ;irnount necessary lo retlucl' Ilic chJrvu lo tile pcnnllled llmlt; Jnd (b) any sums already collecled from Oorrowcr wilicil cxcpcrJctl perr died li111lls wi!I bo rclundcd lo Oo11011cr. Lender mJy choose to make this 1efund by 1cduclng Ilic principal owed under tile riolc or by ,,1,0 ''G J dlrecl raymrnl lo Oorrowrr. ii a relu11u reduces pr!ncfpal, the rcducllon will be treated as a parllal p1cpay111enl wlll1oul ;111y prrr.:i>·rnr I ch;i1gc under tho Note. 14. Notices. Any nollcc lo !lolfOHCI fHO"i · ·1J lor 111 llil-, Sccurlly lnslrurnc11l ~11;111 tJ~ yi .en by dcllvcd<'g It or by mallliig It by first class mall unless applicable IJ11 rcq11lu·d U'~ ol Jnol' r 111('1i1otl The nollco sllJil tic durclcd lo tl10 Prorc•ly Address or any olhe1 add;ess Oo11owcr designates by noticl! lo Lc11:Jpr A11y 1101 " lo Lcntlrr st1Jll bo given lo Oo11owcr or Lender .... r1e11 given as provided In tt1!s pa1agjph. 15. Govl'rnlng lJw; ScvcrJl!l!ity. Tlri~ ' cu11ly l11sl1ur11cnt sl:all be govrrricJ IJy ll'd1•:JI IJw a11d"lhc IJw of the Jurisdiction In which the f'1opl'tly Is located. In 1111• e-.e111 It.JI any 1 ·ivl~lu11 or clause ul tlils Security l11sl1u11>t•11l or ll:e ~Joie C<Jnnicls 'hltt1 appliC<lble law, such confllcl shJll not ;iltect olhcr prt1vlsiu11s ol 1111' ~;ccuilly l11slrumcrd or tlio Nc,lc which c.J11 bo elven orfect wlll1out the e-0nnlctlng provision. To this end \lie provl5ions ol lids Sccurily I 11u111c11t antJ ttw Noto arc dcclJ•ed lo bo ~r,.~rJblo. 16. Botrowor's Cory. £Jc11u·1.cr sl1JI! bri q •!II 0110 conlorrncd copy of llio Nole and of tlri~ Sccurily Instrument 11. Transfer ol tho P1op~1ty or J Ocnrfk i! ln!Me~t !11 Oorrower. If :ill 01 J11y r.:iit ol tl"J P1opcrty or any Interest In It 1, sold or transferred (01 If a bcncficiJI lrdcrc~t ;,, £\0.,01.i'r Is• 'd or lra11sle11cd antJ Borrower Is not a 110lu1JI pc•son) .... tlhoul Lender's pr!o; written conse11t, Lender mJy, at Its option. require lmmed!Jif' p.1y111cnt In full of Jll sums secured by lids Sc•curlty lnslrurnont. Howover, ttds option shall not be e>.erclsed by Lcr1tle1 If e•~rcl~c Is proililJil I by frdNJI bw :is of !he datt' of llils Sccurlly ln5l1vmc11l If Lender cxc1clsed Uils opllo11. Lcralrr ~11:1:1 give Oor• •1er noilcc ot <:1ccclc1Jllon. The 11olicc shall provide a period of not less thJn 30 dJ~s from the dale the nolice is dcllve1cd or rr:J1lctJ wrlhln v ·deli Uorrowcr rnusl flJY all sum~ ~ccurcd by llils Secur•ly ln5trurnent. II Borrower falls to pay these sums prio1 lo thc> c1pirJl.ur1 ul !Iii~ p~iit1 '' lcnJcr may lnvoku any rcrncuic'.; pc11n!licd li1 this Securliy lnslrurncnt without further notit;e or demand on Bo11ow~r. 1 B. Borrower's n.1111\t to Hl·l11,tJtc. II ll· u».er 111ccl~ cr.rlJl11 condliloM. fl8rro"L'r s1>;11I hJve illu rlghl lo ha~e enfo1ce111enl ol tflis Secu1ity l11slrurnenl disco11llnuPd ;1t J11y limr rri lo Ilic earlier ol : (:i) 5 rJJ)S (or sucl1 ollit·1 rer1L1J as 'f Pile<1ble law may ~µecify for rclnslatemcnl) before sale ol Ilic P1t1J1"liy pur~uJ11I · • ,1ny powc1 ol SJlc conlJincd 111 l11is Scc,_.rily lnslrurncnl; or (b) entry ol a Judgment enlorclng this Security lnstrur11e11I. Tl1<J~1· ronrJilio11~ ~ lii:il Oo11owcr: (<•)pays LeritJer al! sums 1·.tilcli l/1en would be due under !his Security lnsl1umcnt and tile Nole as II no .1ccel"' ;ilion liJd .-cu11c•j, (b) cures and delJull of ;i11y oll1cr co• en Jn ls or ag•een,enls; (c) pays all e•penses Incurred In enforcing this S~curlly l11~l•L1111rfll, 1.1cl.".! 1. Intl 1101 li111ilcd lo, rcason~!1le ;itto111ry's Ices; JrnJ (d) tJkes such acllon as Lender may reasonably require lo ;:issu1c tl1JI tire li~n of !his · ~curlly l115lru•ncnl, Lender's r!ulit, 1:1 the rrtJJJrrly Jnd Bo11ower's obllgallon lo pay the sums St!cured by this Security lns1r,11r11·1d sl11ll co•" iuc u11cliang~d Upon rclnslalc111c11I by Uo111J'ht'r, ihls Securlly Instrument and Iha oblfg~tions secured hereby sh~ll rt'rnw1 rull)· rff,.cll.· H ii no JccelL•1allo11 h:id occur:c~ Ho.~c,·e', this rigt1t lo relnslale shall not apply In !he case of accrlrr~l:on undrr p.1r~'l'·'Pli 17 2 16.D.7.b Packet Pg. 768 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) *** OR: 2322 PG: 0659 *** 19. Sale ol Nole; Ch;ingc u! Lo:iri ~cr·;lcrr !lit· llulu ur a pa1llJI lnlcocsl In thu tblt• (lugt:ll•er .... 1l11 tills Secuilly l11st1u111c1•l) may be sold one or more times wll/1ocJl prior nollcc lo Ur ·•ower A s:ilc rna)' result In" lh:1ngo In the enllly (known ;is ltio "Loan Se1vlce1") that coliocts monthly paymenls due u11d1'r 111(' note ~r": ll11s Sccurily Instrument The1e Jlso q1;1y be one 01 more changes ol Hie Loan Se1vicN unrelated lo a s:ile of lhe rJu!L' !f lhere Is J r · i11gr• uf !ht> Loan Sl'rvlcer. Bo"o"'e1 will be glvc11 wntlcn nolke ol the change In accordance wolt1 pa1agraph 14 ancl <q>ploc:ibll' I.>.-. ll1c r d•ce wiil sl~le l11c narno and .1durt•ss of 111~ new Loan Scr'llcer and the alldrcss to whict; payrncnls should be made. 1l>e11ol•ce '"i! also er• :.-11:1 Jny oll>er lnlorrnallon requiicd tJy ~pplic.1bll! law. 20. Hazardous Suhst;incrs. llo11o"N st1 •1 nut causn or perrnil tho prcst•11ce. l•51l, t115pos;:il, storago, or release of any Hazardous Silbslances on or in Ilic f'rorC'rly JJorrow~r ·.!>~II nol do. nor al:ow onyono p!~c lu do, ;in1ll1t11g <1ltccllng lhQ Properly lnJt Is In vlolalion of any E11viro11mcnl3I lJw l l1e prcred111g two nnle11ccs sh;:ill nol apply to lhe p1esc11c~. U5C, or sloragc on the f'roperly ol srr;a!I quanlilies of Hazardous SubslJ11ccs lhJI .11e (l"nc1:illy •···.ogrilzcd to be JpriruprlJlo lo 110111131 ri.•sldenllJI uses and lo maintenance cl tho Property. Borrowl'r shall pro111pl/y gl>c l c11u('r ,, , lllen nr.>llc c fu1 '''Y liwr.slig:11ion. cl Jim. d~mJ11u. l.1wsl:il or other Jc lion by any governme11L1l or regulatory ayency or privale p;i1Jy 111Yr1lvi11q lllr> f'ropcrl; .1•10 illl)' HJl3rdous Substance or E11vlror11,,cn:JI Law of 1'.hlch Boucwer has actual ~.nowledge. If Oorrower learns, or I~ rioldl('d t>y any o '.r'r11111rnlJI or regulatory aulho1 lly. lt1Jt any rcmovJi or olher remedlallon or any Harnrdou~ Subslance affcc:irig lhe f'1011,..1l1 Is 11•'ces~:1 / Burrower sliJll pro111plly t;ike ;111 nl'cess.iry re111ctJ:JI acllons !n acco:dance with Environmental Law. As used in tli!s parag1nph 20. "I larD1tlv11•; Sut1sla11crr," "" 1110~0 ~,,IJ5l:111ccs uonricd ;1~ lu•IC 01 kll;Jtdous subs!J>ICCS by E1wl1onrnenlal Law and !tic fullowi11g substances· g:i•.1Jl:111'. ~.l'roSN11•. • "'"' ll,1111111Jlilc or loxlc flt'lrolcu111 product~. loxlc pl'sllcldes and hc1blcldes, vo'at;le solvents. 1r1a!t>1lals containing :ic.bcslo~ o; furr11;ildcltydro .111d radioaclivc m;itcri;ils. As used in II:;~ I' ir;igr:>pil 20. "f-,, ·1rm'"""l:1l l.:1w" mt>aris h•der~l 1;1,,s ;i11<.J 1:1.,~ or the Ju1islllcllon where the Properly Is localed lt1al 1clale to t•ealth, ~Jll'ly l" e11.,11011mcnlal 11· il~clio11. , 21. Acceleration; Remedies LendN sl1;11 1 91vc no11cc lo Uor1cwcr plior lo acccll'I J:iu11 !ullo.,ing BL>trower's breach ol any co,enant or ayreernent 111 this Secu11ly i11~1rur11t>11I (I d 11ul fHlor to ::iccclcr::i!lon u11<.Jer p:i1;1g1.1f1h 17 u11le55 Jppllcable law provides oll1er,r,ise) The notice shall specify (:i) !In• d1.•l~ull; (t>J · "' acliun rC'qulrC'd lo curo Jl•c cJcl;iull. (c) ,1 dJlc, not le;s thJn JO days f10111 the date the nol:ce is oivcn lo Borro·11('r, by wl11d1 ihP def;iuil rnu I lH! cured: ;111d {u) !hJI l;iilur'-' lo n110 Jl;1• Lll'fJull on ur befo1e lhe dale specified In the notice may res1Jll :n accclcralio11 uf ll1e su111s srcu "" l·y this Sccu1ity lnst;umcnl. ro1rclosu11~ by jucJlclJI proceeding and sa:e of U1e Properly lhe notice shall turll>N inl•rr111 !Jo110Y1cr of ""' 11gil! lu rc:nsialo alter Jccc!crJl1011 J11<.l tile ,;yilt lo asse1t In lhe loreclosu•e procecd111g l11e non·exislcncc of OJ dr·l.1ult or Jrty uli1rr <'.,,.,,..col Oorro.,cr lo accelcr;illo11 ;ind ru11~closure. II lhe default ls not cured on or before lhP date specified In the notic'!. l.t>11tl1•r. at II~ ' 111011, rnJy rcqul1e Immediate p:i)·mcnt 111 lull or all surns secu1ed by this Secu1ity Instrument wilhout further de1n;Jrld ;md r11:iy lorC'clusc I' "; Sccu1lty lnstrumcnl by judlcl;il proteerJ111g Le11dc1 shall be enhlled to collect all expe11ses lncilrred In pursul11g tile rc111Ptl1r>s rrovided lri ,h,~ r<11;igr;iph 21. Including, l.>ul 11ol ll111ltr<.J lo. 1cJso11able allomcy's lees and costs ol the lillc evidence. 22. Rcteasa. Upon pJ;,nw1d CJf ~ill !:,1Jn1~ 5'~C·i cha1ge, to Oorrower. OorrowN shall p;1y :111y 23. Attorneys' Fees. A~ u~prl in II.I~ by an appell:ite cour l. 24. Rirters to this Srcurily lri~t: lnslrurnent. the covenants and ;igrcc111,.nts ol agreements of !his Security l11stiumeril ;i' If D Aujustal>le Rale n.lder u 0 G1aduated P;iymcnl Hider D [Jalluun 111der 0 Olher(s) (specify SIGNING UELOW, 8011ower accepl·, :1111.J executed by Ourrower and rl'co1ded wilt1 it Signed. sealed and delivered In tl1c P'<".r·pcr> ul Signature:~:.:::..::.:,.___ ___ .. f'11nt Nan1c ----r------ Signature·...:-.:.-:::. r . ,J_ ______ _ Print Name S l A 1 E OF_:~----' __ COUNl Y OF __ <___::_!_'_' __ ~vnatuu~ _____ : _, -----·- Bo11owe1 : /\<JUtl'';~·----------- sl•JH rc'icJ~e llt1s Secu11ly lnslru111enl, .,..ili1out Jncl recorcled k•getl\er .... 1111 t11ls Seculily a11d supµlement the cove11a11ls and /1 flpllcJbl!l Oox) I lo111e llldcr Unit (Je-;elopment nlder ~;ecu11ly l11sl,u111ent a11d In any 1hJe1(s) _____________ (S11al) _ _________________ (Seal] I hereby certify that on this tL1y lieln1c 1111• .111 oilier" duly :iul/101izt>d in Jilo sl.1te alo<L•sJiiJ J11<J 111 lt1e cou11ty afurrsa1d to l.:l~e acJ..nowledgrnents, pe1so11.illy app'.':urd ~-0 ___ .:_ __ --!.~---_______________ .., ___ --. __ _ to me knu.-n to bo I.tie person(s) descr•bed 111 and v.tio e•ecuil'd ll1e lor~gnlr•t. i11~lrt1111c11I ;1riJ acknowledged bcfo1c me !11JI ___ :_·~--executed tho same tor the purpose the;ein expressed WITNESS my hand and olficial scJI 111 11,c County ar>U :::11r·. :1lore!.ald ll11s __ day of ______ _ 19 __ My Commission Expires: /,-,_,,,.._ __ _ llul.Hy·s 1'1l11tc<.J N~111e (SEAL) ccbplrd.wp 16.D.7.b Packet Pg. 769 Attachment: SHIP Mortgages1996-1997 (5345 : SHIP Satisfaction of Mortgage for Term) \..0111e r \..oun t y t'roperty Appraiser Prope rty Summary Parcel No. 62205520006 Site Adr. 5369 HOLLAND ST, NAPLES, FL 34113 Name I Address ABAD, EURIDISES 5369 HOLLAND ST City NAPLES I State I FL I Zip 134113-8759 Page 1 of1 Map No. Strap No. Section Township Range Acres *Estimated 5B29 508000 7 305B29 29 50 26 0.13 Legal I NAPLES MANOR EXT BLK 7 LOT 30 Millage Area 0 108 Millage Rates 0 *Calculations Sub./Condo 508000 -NAPLES MANOR EXTENTION AMENDED PLAT School Other Total Use CodeO 1 -SINGLE FAMIL V RESIDENTIAL 5.122 6.5024 11.6244 Latest Sales History 2017 Certified Tax Roll (Not all Sales are listed due to Confidentiality) (Subject to Change) Date Book-Page Amount Land Value $ 59,040 05/10/02 3034-2738 $0 (+) Improved Value $ 99,881 02/20/97 2285-796 $ 82,900 08/01/92 1746-458 $0 (=) Market Value $158,921 12/01/83 1054-1685 $12,000 (-) Save our Home $ 83,124 06/01/73 537-491 $0 (=) Assessed Value $ 75,797 (-) Homestead $ 25,000 (=) School Taxable Value $ 50,797 (-) Additional Homestead $ 25,000 (=) Taxable Value $ 25,797 If all Values shown above equal 0 this parcel was created after the Final Tax Roll http ://www.collierapprai ser.c om/main _ search/RecordD etai l.htm l ?sid= 1271 05240 &ccp aver= 171 0 181149&F... 3/1 4/2 01 8 16.D.7.c Packet Pg. 770 Attachment: Homestead Exemption Verification (5345 : SHIP Satisfaction of Mortgage for Term) Page 1of1 \..0111e r \..ounty t'roperty Appraiser Property Summa ry Parcel No. 77212520000 Site Ad r. 165 3RD ST, NAPLES, FL 34113 Name I Address COLAS, SON EL 165 3RD ST City NAPLES I State I FL I Zip 1 34113-8551 Map No. St r ap No. Section Township Range Acres *Estimated 5832 668500 4 65832 32 so 26 0.17 Legal I TRAIL ACRES BLK 4 LOT 6 Millage Area 0 7 Millage Rates *Calculations Sub./Condo 668500 -TRAIL ACRES School Other Total Use Code 1 -SINGLE FAMILY RESIDENTIAL 5.122 6.3384 11.4604 Latest Sales History 2017 Certified Tax Roll (Not all Sales are listed due to Confidentiality) (Subject to Change) Date Book-Page Amount Land Value $ 31,250 10/23/96 2242-1125 $ 45,000 (+) I mpr oved Value $ 60,956 (=) Market Value $ 92,206 (-) Save our Home $ 35,552 05/23/96 2186-2374 $13,200 05/20/96 2185-940 $100 09/01/88 1379-275 $ 39,000 (=) Assessed Value $ 56,654 (-) Homestead $ 25 ,000 (=) School Taxable Value $ 31,654 (-) Additional Homestead $ 6,654 (=) Taxable Value $ 25,000 If all Values shown above equal 0 this parcel was created after the Final Tax Roll http://www.collierappraiser .com/main_search/RecordDetail.html ?sid=l27105240&ccpaver=l 710181149&F ... 3/14/2018 16.D.7.c Packet Pg. 771 Attachment: Homestead Exemption Verification (5345 : SHIP Satisfaction of Mortgage for Term) \..0111er \..OUnty t'r operty Appraiser Property Summary Parcel No. 63502920007 Site Adr. 3612 HIBISCUS AVE, NAPLES, FL 34104 Name I Address ESCOBEDO, FEUPE 3612 HIBISCUS AVE City NAPLES I State I FL I Zi p j 34104 Pag e 1of1 Map No. Strap No. Section Township Range Acres *Estimated SAOl 515800 E 85A01 1 so 25 0.16 Legal I NAPLES VILLAS BLK E LOT 8 Millage Area 83 I Millage Rates D *Calculations Sub./Condo 515800 -NAPLES VILLAS School Other Total Use Code 8 -MULTI-FAMILY LESS THAN 10 UNIT 5.122 6.3384 11.4604 Latest Sales History 2017 Certified Tax Roll (Not all Sales are listed due to Confidentiality) (Subject to Change) Date Book-Page Amount I Land Value $ 40,916 08/06/96 2214-953 $ 8s,ooo I (+) Improved Value $ 76,018 10/01/85 1161-558 $ 65,000 07/01/82 981 -614 $ 63,000 (=) Market Value $116,934 12/01/79 848-1981 $0 (=) Assessed Value $116,934 (-) Homestead $ 25,000 (=) School Taxable Value $ 91,934 (-) Additional Homestead $ 9,009 (=) Taxable Value $ 82,925 If all Values shown above equal 0 this parcel was created after the Final Tax Roll http ://www.collierappraiser.com/main_search/RecordDetail.html ?s id=611411858&ccpaver=l 710181149&Fol... 4/4/2018 16.D.7.c Packet Pg. 772 Attachment: Homestead Exemption Verification (5345 : SHIP Satisfaction of Mortgage for Term) ~0111er ~ounty t'roperty Appraiser Property S ummary Parcel No. 40236560002 Site Adr. 2680 29TH AVE NE, NAPLES, FL 34120 Name I Address FRANCOIS, HEROLD 2680 29TH AVE NE City NAPLES I State I FL I Zip 34120-7408 P a ge 1of1 Map No. Strap No. Secti on I Township Range Acres *Estimated I 3D19 347200 60 23D19 19 I 48 28 I 1.14 Legal GOLDEN GATE EST UNIT 69 W 75FT OF E 180FT OF TR 60 Millage Area 138 I Millage Rates 0 *Calculations Sub./Condo 347200 -GOLDEN GATE EST UNIT 69 I School Other Total Use Code 1 -SINGLE FAMIL V RESIDENTIAL 5.122 8.3384 13.4604 Latest Sales History 2017 Certified Tax Roll (Not all Sales are listed due to Confidentiality) (Subject to Change) Date Book-Page Amount Land Value $19,181 03/07/97 2291 -2323 $ 4,200 (+) Improved Value $ 97,131 10/01/75 632-465 $0 (=) Market Value $116,312 (-) Save our Home $ 55,766 (=) Assessed Value $ 60,546 (-) Homestead $ 25,000 (=) School Taxable Value $ 35,546 (-) Additional Homestead $10,546 (=) Taxable Value $ 25,000 If all Values shown above equal 0 this parcel was created after the Final Tax Roll http://www. collierappraiser. com/main_ search/RecordDetail.html ?sid=6114 l 1858&ccpaver=171018114 9&F ol... 41412018 16.D.7.c Packet Pg. 773 Attachment: Homestead Exemption Verification (5345 : SHIP Satisfaction of Mortgage for Term) \..0111er \..OUnty t'roperty Appraiser Property Summary Parcel No. 36313320001 Site Ad r. 2200 51ST TER SW, NAPLES, FL 34116 Name I Address SILVA, ROSA M NIURKA B SILVA 2200 51ST TER SW City NAPLES I State I FL I Zip 1 34116-6926 Page 1of1 Map No. Strap No. Sect i on Township Range Acres *Estimated 4821 324100 196 124821 21 49 26 0.29 Legal I GOLDEN GATE UNIT 6 BLK 196 LOT 12 Millage Area 0 20 Millage Rates 0 *Calculations Sub./Condo 324100 -GOLDEN GATE CITY UNIT 6 School Other Total Use CodeO 1 -SINGLE FAMILY RESIDENTIAL 5.122 7.1886 12.3106 Latest Sales History 2017 Certified Tax Roll (Not all Sales are listed due to Confidentiality) (Subject to Change) Date Book-Page Amount Land Value $ 58,125 06/12/97 2322-646 $ 75,000 (+) Improved Value $ 89,089 (=) Market Value $147,214 09/01/89 1468-13 $ 57,500 01/01/84 1063-1008 $ 9,300 11/01/79 844-1389 $0 (-) Save our Home $ 65,686 (=) Assessed Value $ 81,528 (-) Homestead $ 25,000 (=) School Taxable Value $ 56,528 (-) Additional Homestead $ 25,000 (=) Taxable Value $ 31,528 If all Values shown above equal 0 this parcel was created after the Final Tax Roll http ://www.co lli erap prai ser.com/main _ search/RecordDetail.html ?sid= 127105240&ccpaver= 1710181149&F ... 3/14 /2018 16.D.7.c Packet Pg. 774 Attachment: Homestead Exemption Verification (5345 : SHIP Satisfaction of Mortgage for Term)