Agenda 06/26/2012 Item #16D 46/26/2012 Item 16.D.4.
EXECUTIVE SUMMARY
Recommendation to approve one (1) satisfaction of mortgage for State Housing Initiatives
Partnership Program (SHIP) Short Sale loan repayment issued to Collier County.
OBJECTIVE: Approve and authorize the Chairman to sign one (1) satisfaction of mortgage.
CONSIDERATIONS: The State Housing Initiatives Partnership Program (SHIP), a state affordable
housing grant, 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 award, the homeowner
must repay the assistance provided upon sale, refinance or loss of homestead exemption.
On February 28, 2012, the Board of County Commissioners approved a Short Sale Policy and Procedure
for the SHIP program. The Short Sale Policy provides forgiveness of down payment assistance in the
amount of 6% of the Collier County loan amount or $6,000.00, whichever is less (but never less than
$500.00) in an effort to facilitate a Short Sale.
The following table details the client(s) who has repaid the appropriate short sale amount and are entitled
to a satisfaction of mortgage.
Name
Security Instrument
Payoff Amount
Public Record
Luis Castro Jr. and Joanne
Marie Castro
SHIP Second Mortgage
$2,500.00
$500.00
OR Book: 2653,
PG: 1287
Approval of this item will authorize the Chairman to sign the aforementioned satisfaction of mortgage
and the executed documents shall be recorded in the Public Records of Collier County, Florida.
FISCAL IMPACT: SHIP funds in the amount of $500.00 have been repaid and are considered program
income. Such funds may be reused for eligible SHIP program activities.
LEGAL CONSIDERATIONS: This item is legally sufficient and requires a majority vote for Board
action. -JBW
GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this
Executive Summary.
RECOMMENDATION: Approve and authorize the Chairman to sign one (1) satisfaction of mortgage
for owner- occupied affordable housing unit that has satisfied the terms of the Short Sale repayment in full
to Collier County.
Prepared By: Kimberley Grant, Interim Director, Housing, Human and Veteran Services
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COLLIER COUNTY
Board of County Commissioners
Item Number: 16. DA.
6/26/2012 Item 16.D.4.
Item Summary: Recommendation to approve one (1) satisfaction of mortgage for State
Housing Initiatives Partnership Program (SHIP) Short Sale loan repayment issued to Collier
County.
Meeting Date: 6/26/2012
Prepared By
Name: CarrLisa
Title: SHIP Program Coordinator
6/5/2012 9:06:29 AM
Submitted by
Title: SHIP Program Coordinator
Name: CarrLisa
6/5/2012 9:06:30 AM
Approved By
Name: AlonsoHailey
Title: Operations Analyst, Public Service Division
Date: 6/5/2012 1:19:52 PM
Name: GrantKimberley
Title: Interim Director, HHVS
Date: 6/6/2012 11:32:39 PM
Name: RamseyFrank
Title: Manager, Housing, Human and Veteran Services
Date: 6/7/2012 10:35:14 AM
Name: RamseyFrank
Title: Manager, Housing, Human and Veteran Services
Date: 6/7/2012 2:19:32 PM
Packet Page -1402-
Name: SonntagKristi
Date: 6/12/2012 1:34:24 PM
6/26/2012 Item 16.D.4.
Name: CarnellSteve
Title: Director - Purchasing/General Services,Purchasing
Date: 6/12/2012 4:34:54 PM
Name: WhiteJennifer
Title: Assistant County Attorney,County Attorney
Date: 6/13/2012 9:48:07 AM
Name: KlatzkowJeff
Title: County Attorney
Date: 6/13/2012 4:59:46 PM
Name: StanleyTherese
Title: Management/Budget Analyst, Senior,Office of Management & Budget
Date: 6/14/2012 11:04:47 AM
Name: SheffieldMichael
Title: Manager - Business Operations, CMO
Date: 6/14/2012 11:19:17 AM
Packet Page -1403-
hu:
IIDIPIIDIIT
lICS OP
2608732 OR: 2653 PG: 1287
TITLI OF WLIS IICOROBD 11 tie 011ICIAL BICOBDS of COLLIII COMI, tt OILD
. 03/2112000 at 07:51AI HIM B. BIOC[. C1111 0111I
SECOND MOKTGlhGE
THIS SECOND MORTGAGE ("Security lnswurttenr) is given an Match 13.2000 The Second Mortgagor IS
Luis Castro Jr and Joann Mane Castro
uC n1
DOC -.35
6/26/2012 Item 16.D.4.
2500.00
15.50
0.15
(-Borrowed). This Security Instrument is given to Collier County ('Lender"), which is organized and existing tattler
the laws d the United States d America, and whose oddness is 2900 North Horseshoe Drive Naples, Florida
3 ,Bgfrowsr owes Lender the sum of Two Thousand rive Kurile and No/ 100t:lu Dollars fu.l. S
y This debt is evident _ad by Borrowers 1Vols stated the same data as this Seventy Instrument ('Second Mortgage 1. whnCh
t for monthly payments, with tr>r full debt, if net paid Barker, due and payable en sale of property. refinance, or
loss of isaMatead exedi ption . This Security Instrumannt secures b Lender: (a) ga repayfrnnt d the debt evbsnder by the
Note. with interest. and ON .answahs, "Welons and nbeifications; (b) rho payment of all other sums. with interest advanced under paagaph 7
to OMW the security of the Seeutily Instnxnant: and (c) the performance Of 80"Dwers Covenants and sgreemants under the Security
instrument and the Note. For this purpose, Borrower does hereby seeend mortgage, gram and convey to Lender the following described
property lowlso in Collier County. Florida.
As more particularly described as N TB' d Tract 7, Ooldan bate !states Unit 61 and~ has the address of
alct'AmtLck,.Y
Q� ('property Address ") 500(" 16th St SR
Ice NI 'Los Florida 34120
v TOGETHER WITH all the Improvements, now or Mreaher eroded on the prnpeny. and all easements, rights. appurtenances. k neplacomerts
Z royalties, mistral, a and gas rights and profits. water rights and stock and all fixtur ul referred w or hereafter a�roy he pr mart as tM'Pro omlin to in this
N and addakrr own also be covered by the Swwlty Instrument: All of the foregoing
W BORROWER COVENANTS Ihat Borrower is lawfully *sized of the estate hereby conveyed and hes the ngnt to mortgage, grant and
ii convey the Property and that the Property is unemwiribered. except for Mumbraoes of record. Borrower warrants and will defend generally
Z the title to the property against all claims and demands. sublcd 10 any nnCumtgsncss d meord.
THIS SECURITY INSTRUMENT combines uniform OWWW" fO( nattonat use and rnor►tahform covenants with limited vanalbn by
C ),,rind ction to constitute a uniform security instrument covering No property.
J UNIFORM COVENANTS. Borrower and Lander c N"nt and agree as follows:
t. paytterrrt of lidnel tai and Interest: Propaylaast and Lab Charges. Borrower shall promptly pay when duo the principal of and
interest on she debt evidenced by the win all lazes. as sn a�is ks suer rams prior to the accrual d any penalties a imerest
Z L Tess. The Mortgagor wi pay v
u t thereorL a txttenla Char9ei of any
The MOrtgagor shall pay or cause b be carte taspedivel cprrts ua. (AN 1 j all loxes end sever
kin d whatswver which may at any time be (awl sod or levied against W err tai t b the proPwlY• I2j sit tuWnty std ehof charges.
InCkd --M • incurred or impds mairdenance, use, upkeep and improvement of the Property,
ca awvioa cthafges'. in m ova a period of years. the Mortgagor shall be
Z and (3) all as*esOffmu or other govenarle. chit es y are _ 'rod be paid during the term of the NWrgage. and
ZobfigsW utdarthsi'Mon0a9e-to- fay or wu to. paid- only -a - - -- - -- Payment-
-emu, promptly after the peymena of any of recoveo by Lender shall be appked: first. to
S. Apoks"h d Paytttaftb. U '" a
ximerest dub: and, to pfmcnpal due: and Isst. a lat c u r
R 4. Chorgea: Liens. Borrower r9es n Rion attributable b the proper which may
zatain oniony over this security InslrnrrnerA, W
s or rert -shall promptly furnish b Lender au
notices d amounts to be paid under this pe and as receipts WAdwci the y t unless Borrower. (a) a9reas m wrilirg b
Borrower shad promptly discharge a which has priority over a in good lath rte Lien bY• a daterda sOalret
the payment of the obligation secured by the I nor acceptable to L the n enforcement g d toth of 1110 ken: or (cl secures In against
enforcement d the lien in, legal procseckn9s venders opinion operate
b InnslrumemL It Lender drtemwes that any part
the herder a gee ken j6 agreement 6 Io nt hick may a b inrkrt9 en the ken.
d the Property is sublecl b e ken which they strain 'y Lender may give Borrower a notice dat+M►g
BwToww SW aatiely the awn or take one amore 0(#w ftfevf� rn 10 days of the g vuV of notice.
fL H=ad or Prsperb Insurance. Bdnoww shall its now e06111119 or hweallw erected on the Property insured
and an other hazards. including floods or flooding, for which Lender
against loss by fin, hazards included within the tarn 'exbrd s rovaage" Y that L� requires. The insurance carrier
resumer insurance. This insurance shall be mointslnsd In are aLand i and for the t'twfods wilnttod. M Bdrower tails b
providing fats insurance 001 be chosen by Bolrowef subject to Larders Wt cover which shad not be uxeasorably
maintain coverage described above. Lender tray. at Lwndees option. obtain coverage b Pry Lender s n9tus in the Property In aaards
wdh pareoraph 7. At all times Ihat trio Note is outstanding. the Morfpspor stall maintain insurance with respect b the Premises against such
b
risks and tar such amounts as are customaky insured against and pay es the same becans due and payable, ad ri damage t0 spec( amiss*
including, but not limited to. all -risk insurance protecting the interests d the Mortgagor and Mortgages against
by fire. fghbwg. and other casualties customarily insured against (including boiler explosiorti if appropriate), with a uniform standard extended
coverage endorsement. Incltxling debris nwwvan coverage. Such insurance at all furies to ore in an ertwunt not was then the full rapacomert
cost of the Puarrrses, exclusive of tootngs and foundekons• _
AN Insurance Policies and renewals shall be acceptable to Lender and stall include aLeund�reall receipts d clause
paid p� shall
nd fenewal
tine right to hold the policies and renewals. tr Lower reouires. Borrower shad promptly give
notices. In the event of less. Borrower shad give prompt nonce b the insurance carrier and tender. Lender may make proof of toss t riot made
promptly by BoRO"'er. shell !e spored to restoration o repair of the Propert y
Unless Lender and Borrower otherwise agree In wrkm9, insurance proceeds
damaged, if the restoration or repair is economically fessnble and Londer°t security is not lessened. If the restoration or repair is not
y feasible a Landers secufgy would to lessarnad, the twsuartcs proceeds sued be s spoked b or sums eaGured by this ones Brewer within Security days
�twfether or not than due, with any excM pad b Borrower. 0 Borrower abandons the ProWrtY•
a notion from Lender that the insurance carrier has offered le satde a claim, Mesa Lender may CORW the iwurente proceeds. tender may use
the proceeds to repair or restore the preporty a to Pay sums secured by this Security Irutrtanent whetter or not then due. The 9o-daY period
will begin when tine not" w mailed. Unless Lacier and Borrower otherwise agree in writing, any application d proceeds to pnrltipal shat) not
the due date of the mommy payments referred to in paragraph 1 or change the amount Of the payments it wider
extend p postpone M b Insurance policies and proceeds resulting from damage bore
paragreph 21 the Property is acquired by Lender. err oat a rig wry for to true
properly, poor b the acquisition shall pass b Larder b the extent of the sums severed by this Security lnstrumt;nt imtrediate►y pr
acquisition. �rrdw.rs Loan AppltWion, LeaaeheWa. BonrCrtra shall
e. Occupancy. Preservation. Malnbnanee and pwilm ton of the property:
occupy. establish, and use the Property as BWmwces principal residence within sixty days after the sxeCutan Of this Security Instrument and
shad Continue W occupy the Property as Bdnowees principal residence for at least One yttar after the data of occupancy. unless Lander
otherwise 1prsoo in wrntir4;, which consent shell not be unreasonably withheld, or urress extenuating otrGumetan esis "At which are beyond
Borrowers control. Borrower stall not destroy, damage or impair ore Property, slow the Progeny b detionere a, or oo m"t waste on am
Properly. Borrower shad be in default it any forfeiture action or proceeding• whetter civil or crftrul• Is begun that In Landers good faith
)uogfrtant Coto Mull M fort ilbure of the Property or otherwise mainnially impair the lion created by this Security Instrument or Landers security
wwwoort iorroww may m" such a default and rosudsts, as provided in paragraph tit, by cwAk 9 the action or pronadirW to be domtwad
with a rising gnat. in Lender's good Ienth deterndr ebon. prWUM Ioreitua of the Borrowers interest in the Property or otter material
Packet Page -1404-
,Lk
OR: 2653 PG 6/26/2012 Item 16.D.4.
impairment of the lien created by this Security Instrument or Lenders security interest Borrower shall also be in default if Borrower, during tho
loan application process, gave materially false or inaccurate information or statements to Lender (or failed b provide Lender with any "Metals,
information) in connection with the lout evidenced by the Note, inchrdirtg, but not limited to, reprosentatnors concerning Borrowers occilpancy
Of the Property as sppropal residence. If this Security Instrurent is on a leasetiold..Borrower 009 campy with all the provision of the Isase
if Borrower acquires fee little to the Property, the leasehold and Ins tee title shall not merge bless Lender agrees to the merger in writing.
T. Progction of tenders Rlgh is In the Prop". If Borrower fails to perform the covenants and agreements; contained in this
Security Instrument, or there is a legal proceeding that may significantly affect Lender's ngNs in the Property Iuuch as a proceeding in
hankrup(cy, probate, for condemnation or forfeiture or to enforce laws or regulations), than Lender may do and pay for whatever is necessary to
protect the value of the Property and Lender's rights in the Property. Lerders actions may include paying any sums secured by a Man which
has priority over this Security Instrument. appearing in court, paying reasonable atlano(rsi fees and entering on the Property to mace repairs.
Although Lender may take ac ton under this paragraph T. Lemter Goa not have o ao W. Any arna ms disbursed by Lerida under this
paragraph 7 shall becomes additional debt of Borrower secured by this Security Mstrument. Unless Borrower and Lender agree to pow terms
of payment, tlese amounts shall bear interest Item the date d disbursement at the Note rare and shall be payable, with interest, aeon notice t
Item Lender to Borrower requesting payment.
6. Morlo~ Inalmnes. If lender required mortgage insurance as.a condition of making the loan secured by this Security
Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance In effect. It, for any reason, the mortgage insurance
coverage required by Lender lapses or ceases to be in effect. Borrower shall pay the premiums requimod to obtain coverage s"antially
egWValant lid the Mortgage insurance previously In affect, at a cost substantially equivalent 10 the CMt ro Borrower of the mengage insurance
previously in tlNeet, from an alternate mortgage insurer approved by Lender. It substentiauy equivalent mortgage insurance coverage is not
available, Borrower shag pay to Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premium being Palo by
Borrower when the insurance coverage lapseo or ceased to be in offecL Lender will accept, use and retain these payments a a loss reserve
n lieu of mortgage insurance. Loss reserve payments may no longer be required, at the option of Lender. if mortgage insurance coverage (in
she amount and for the period that Lender requires) provided by an insurer approved by Larder again becomes available and is obtained
Borrower shall pay the premiums required to maintain mortgage insurance in affect, or to provide a loss reserve. until the requirement for
mortgage insurance ends in accordance with any written agreement between Borrower and Lender or applicable law.
9. Uwpectkm. Lander or Its agent may make reasonable entries union and inspections of the Property Lender snail give Borrower
nonce at the Ume of or prior to an Inspection specifying reasonable catuas 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 Neu of condemnation, are hereby assigned and snail be paid to Herder. In die
event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due.
with any excess paid to Borrower In the event of a partial taking of the Property, in which the fair market value of the Property immediately
before the taking is equai to or greater than the amount of the sums secured by this Security Instnment erunedately, before the taking, bless
Borrower and Lender otherwise agree in writing, Ine sums secured by this Security Instrument shall oe reduced by me amount of the proceeds
multiplied by dis following fraction: (a) the trial amount of the sUmf secured immedoley before the taking, divided by (b) the (air market vaka
of the Property imtnedlatey before the along. Any balance shall be pap to Borrower. In the event out a partial taking of ore Property in which
the fair market value of the Property immediately before the Lakin the amount of fee sums secured immediately for the taking,
unless Borrower and Lender otherwise agree in writing of Isa provides, the proceeds stall be applied to the suns
secured by Ibis Security Instrument whether of not the s and Borrower otherwise agree in writing, any
application of proceeds to principal shall not extend he due date o tee payments referred to in paragraphs 1 or change
the amount of such payments.
11.8o . . .... r Not Released, Forbear Lender Not a Waiver. Ext o he unit for payment or m Mication of
amoriizalion of the sums secured by this Socuri Ins to any a in interest of Borrower shall riot operate to
release the hebiity of the original Borrower or o is crest. ender no be required to commence proceedings
against any successor in interest or refuse to xte s ation of the sums secured by this S curry
ImIfumerd by reason of any olemand mane ,hie i in i est. My forbearance by lender in
exercising any right or remedy shah rot be a atv of a r t to Y.
12. iuesessom and Assigns n L 1 ; C nano and agreements of this Security
Instrument shall bird and benefit the succes
Provlsions of paragraph 17. Borrower's cove rots agreements shah be' and Borrower who co-signs this Security
instrument bit doss not execute the Note; (a) nirg this Security Insir on , grant and convey that Borrowers tmorest
in the Property under the terms of this Security 1 nt; (b) is not personally the sums secured by ins Security Instrument:
and (c) agrees that Lancer and any other B rise to ex►aM, muddy, fa any accommodations with regard to the
terms of this Security Instrument or the Note w' ra consent
13. Loaf Charges. If the loan secured by t ' a law which sets maximum wan charges, and that
law Is finely interpreted so that the interest or other Inn ectd in connection with the ban exceed the permitted
hi its, then: (a) any such ban charge shall be reduced by the reduce the charge to the permitted limit; and (b) any sums
already colleeled from Borrower which exceeded permitted limits will be refunded to Borrower. Larder may choose to make this refund by
reducing the principal owed alder 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 Inc Note.
14. Notices. Any notice to Borrower provided for in this Security instrument shall be given by delivering it or by matting it by first
class "nail unless applicable law requivoto use of another method. The noire shall be directed W the property Address or any other address
Borrwuer designates by notice to Lender. Any notice to Lender shall be given to Borrower or Lander when given as provided in sus paragraph.
16. Governing Lawn. Severablllty. This Security Instrument stalk be governed by federal law and the law of the junisGrchon in whiicn
the Property is located. In the event that any provision or clause of this Security histrument or the Note conflicts with applicable law, such
conflict shall not affect other proviswns of this Security Instrument or the Note which can be given effect without this conflicting provision. To
this and the provisions of (ftLS Security Instrument and the Nose are declared to be severable.
% Rorrowwes Copy, Borrower shall be given one conformed copy of the Not and of this Security Instrument.
17. Transfer of the Property or a Berwftclal I eresd In Borrower. If all or any part of the Property or any interest in it is sold or
transferred (or it a bensfrcial interest in Borrower is add or transferred and Bonower is rot a natural person) without Lenders prior written
consent. Lender nay, at its option, require immediate payment in full of alf sums secured by His Security Instrument. However. this option
stab not be exercised by Lender it exercise is prohibited by federal law as of the date of this Security Instrument
i Lender exercised this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days
from the dots the notice is delivered or maned within which Borrower must pay all sums secured by ffrs Security Instrument. If Borrower fails to
pay these sums prior to the expiration of this period, Lender may invoke any remedies pemitted by this Security Instrument without funhar
notice or derremd on Borrower
16. Borrowers Right to Relnstat. If Borrower Insets certain cadi(ions. Borrower shall have the right to nave enforcement of this
Security InoWu rMers discontinued at any Irma prior to the earlier of : (a) 5 days (or such other period as applicable law may specify for
remstaterrient) before sale of the Property pursuant to any power of sale contained in this Security lnstrument: 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
. nstrument and the Note as if no acceleration had occurred; (b) cures and default of any other covenants or agreements: (c) pays all expenses
incurred in enforcing this Security instnrnent, including, but not Minted to, reasonable attorney's fees; and (d) takes such acliun as Linder may
reasonably require to assure that the lien of this Security Instrument. Larders rights in the Property ltd Borrower's obligation to pay the sums
secured by this Security Instrument shall continue uncharged. Upon feirstatement by Borrower, this Security Instrument and the obligations
secured hereby stork remain fully effective as N no acceieration had occurred. However, this right to reinstate shall not apply in the use of
acceleration under paragraph 17
19. ({ale of Note; Change of Loan Sorvicer. Thar Note or a partial interest in Vie Note (together with this Security Instrument) may
be sold ore or more times without prior notice to Borrower. A sale may result in a change in the entity (known as the •Loan Servicer) that
cdltcts MMW. payments dim uxtder the Note and this Segrily Instrument. There also may oe one or more changes of the Loan Servicer
unrelsted to a sale of the Note. it there is a change of the Loan Servicer, Borrower will be given whiten notice of the change in accordance with
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OR: 2653 PG 6/26/2012 Item 16.D.4.
paragraph 14 and applicable law. The notice will state the name and address of the new Loan Servicer and the address to which payments
should be made. The notice will also contain any other Information required by applicable law. Hazardous
2o. Nasardous substances. Borrower shatl not taros w permit the presence, one, disposal. the ce�or�g�t a a violet of any
Substances on or ,n the Property. Borrower shall not do, nor allow anyone else to do. anytnning sNecting
Environmental Law. The preceding two sentences shall not apply to the presence, use. or storage on the Property d small quaMiees of
Hazardous Substances that are generally recognized to be appropriate to normal rasidiiinliaf uses and to maintenance of the Property.
Borrower shall promptly give Lender written notice for any invesrgakon, claim, demand. lawsuit or other action by any governmental Of
regulatory, agency or prnvale party involving the Property and any Hazardous Substance or Environmental Law of which Borroyyor 1126 actual
knowledge lt 8orruwer learns. or if rgel,ed by arty governmental n regulatory 11OW11ty, that any removal or other remediation of any
Hazardous Substance affecting the Property if necessary, Borrower shall promptly take all necessary remedial actions m accordance with
Environmental Law.
As used in this paragraph 20,'Haz&roous Sitistancss" are those substances defined as toxic or hazardous substances by Environmental
and the following substances' gasoline. kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile
solvents, materials containing asbestos or torntaj ahyde, and
radioactive materials. As used in this paragraph 20, "Environmental Law' means federal laws and laws of the jurisdiction whose the Property is
located thal retitle to health, safety or environmental protection.
21. Aeederatton; Remedies. Lender shall give notice to Borrower prim to a;cele�o affalew� sorrrpooed breach any covenant
x agreement in this Secwity Instrument (but not prior to acceleration alder pa ag P Tne
notice shall specify (a) the default: (b) the action required to cure the default (c) a date. rot less than 30 days from lt,e date the noboe is given sul
to Borrower, by which the default must bo Cured: and (o) that failure to cure the default pr n being the 3lee f the Properly in the r� notice stall t
in acceleration of the sums secured by tnis Security Instrument, forecbeure by judicial proeeedtng and sago of Proceeding
the non.existencs of a
further Inform Borrower et( the right to reinstate after acceleration and the tight to assort in the toreGOture pros nor
default or arty other defense of Borrower to acceleration and foreclosure. If the default is not cured on or oetore the date specified n the notice.
Lender, r Its option, may requte immediate payment in full of all sums secured by this Security Instrument without further demand and may
Lender. a this Security Instrument by judicial proceeding. Lender shall be entitled to tolled all expenses incurred in putsuirg the remedies
provtdcd in this paragraph 21. including, but not limited to, reasonable attorney's lees and coder of the ilea evidence.
22. Release. Upon payment of all sums secured by this Sacurity Instrument, Lender shall rsteasg this Security Instrument, vndtout
Lnarge• to Borrower. Borrower shall pay any recordation Costs fees' shall include any attorneys' fees awarded
23. Attorneys' Fees. As used in this Security Instrument and the Note- 'anomys'
oy an appellate court. ether aim Ctrs Security
24. Riders to this security Instrument. If one or more riders are executed by BarOwar and recorded tog
Instrument, the covenants and agreements d each such rider shall be Incorporated into and shall amend and supplement the covenants and
agreements of this Security instrument as B tow rider(s) were a part of this Security Instrument
iCneck Appucabie Box )
._�
-- -. Rate Improvement Rider Condominium Rider
--- Adjustable Rate Rider
. -.
I _ � c?Il.,CO } _ , i Second Home Rider
..- CtraduatadPayment RMtnr '- ''lax °, V(,,�r
Balloon R der y Payment Rider ` i • Planned Unit Development Rider
Other(s) (specify ��
SIGNING BELOW. Borower accepts and a fees o - - thhs�eeumy instrument and in any riderts) executed
t:y Borrower and recorded with It i
Signed, snit and dei,voir d the presort i��+• � � r/ / 111 F .
Slgnah+
Wdnesset - --
RYE c.r. Botro u a O ro JS
i -tau �
vV4nessN2 signature.
Co• n Marie Castro
Signature:_
Address 4412 Dorando Or
Notelet Florida 34103
STATE Or_P
COUNTY OF
1 hereby cerlity that on this day, before me. an officer duly authorized in the state aforesaid avid ,n the county alomsaw to take
aoknowledgenwhIll, Personally appeared Luis Castro Jr Md,loann tArle Cairo to me known to be the persons) descrtoed m and wnu
executed the foregoing Instrunent avid acknowieOged before me that (Net shet they) rxecuteu the stettr. Irx Inr purpose diefor, expressed 20 at)
WITNESS my hand and official seal in the Count and Sate afn said this gay d
PAY Cornmlrsion Expires - Wif
lure
(Seal) NA?Y^_t.t'N CAI -
Fcc:c -S'c nted Name
,,.;nExpfre's1. ;_
a ca313n l;
1
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�I b 6/26/2012 Item 16.D.4.
The North 75 feet of the North 150 feet of Tract 7, Golden Gate Estates, Unit 51,
according to plat thereof recorded in Plat Book S. Page 84 -85 of the Public
Records of Collier county, Florida.
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Packet Page -1407-
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Property AddMC 660 Ift Street SE, Naples, FL 34117
Lot The NOM 75 feet of I* Nodh 150 feet of Trod 7
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Packet Page -1408-
6/26/2012 Item 16.D.4.
Prepared by:
Collier County
Housing, Human & Veteran Services
3339 E. Tamiami Trail
Naples, FL 34112
THIS SPACE FOR RECORDING
SATISFACTION OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS: That COLLIER COUNTY, whose post office address is
3299 E TAMIAMI TRAIL, NAPLES, FLORIDA 34112, the owner(s) and holder(s) of a certain
Mortgage executed by Luis Castro Jr. and Joanne Marie Castro to COLLIER COUNTY, bearing the
date of March 13, 2000, recorded on March 21, 2000 in Official Records Book 2653, Page 1287, 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 situated in said State and County described
as follows, to wit:
Legal Description: The North 75 feet of the North 150 feet of Tract 7, Golden Gate Estates, Unit 51,
according to the plat thereof recorded in Plat Book 5, Page 84-85 of the Public Records of Collier
County, Florida
COLLIER COUNTY hereby acknowledges satisfaction of said Mortgage in accordance with the
County's SHIP Short Sale Policy, approved by the Board of County Commissioners on February 28,
2012; -Agenda Item 16. D. 7. and surrenders the same as cancelled,and hereby directs the Clerk of said
Circuit Court to cancel the same of record.
Dated this day of , 2012.
ATTEST:
DWIGHT E. BROCK, Clerk
By:
Deputy Clerk
Approved as to form and
legal sufficiency:
Jenn r B. White
Assistant County Attorney
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
am
FRED W. COYLE, CHAIRMAN
Packet Page -1409-