Loading...
Agenda 05/13/2013 Item #16D 25/14/2013 16.D.2. EXECUTIVE SUMMARY Recommendation to approve one (1) satisfaction of mortgage for State Housing Initiatives Partnership Program (SHIP) in accordance with the Board's Short Sale Policy, accepting $2,295 to satisfy a $38,250 mortgage. OBJECTIVE: Approve and authorize the Chairwoman 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, Agenda Item 16.13.7, the Board of County Commissioners approved a Short Sale Policy for the SHIP program. The Short Sale Policy provides a settlement amount towards the down payment assistance in the amount of 6% of the Collier County loan amount or $6,000.00 (whichever is less) in an effort to facilitate a Short Sale. The recipient, as the seller of the property, must not receive funds from the short sale. The following table contains relevant details, including information on the first mortgage short sale. Recipient Name First Mortgage First Mortgage SHIP Second Payoff Amount Public Record & Accepted Payoff Mortgage 6% of the second date of mortgage HUDI Line 504 Public Record & mortgage signed date mortgage HUD1 Line 505 signed David Wood $218,000.00 $87,109.65 $38,250.00 $2,295.00 OR:4276/PG:3 929 OR:4281 /PG:3622 08/24/2007 9/14/2007 Approval of this item will authorize the Chairwoman to sign the aforementioned satisfaction of mortgage for recording in the Public Records of Collier County, Florida. FISCAL IMPACT: SHIP funds in the amount of $2,295.00 have been repaid and will reside in SHIP Grant Fund 791, Project 33222, and are considered program income. Such funds may be reused for eligible SHIP program activities. The ten $10.00 dollar recording fee will be paid by the recipient. LEGAL CONSIDERATIONS: The 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 Chairwoman to sign one (1) satisfaction of mortgage for owner- occupied affordable housing unit that has satisfied the terms of the Short Sale Policy, accepting $2,295.00 to satisfy a $38,250 mortgage. Prepared By: Wendy Klopf, Operations Coordinator, Housing, Human and Veteran Service Packet Page -2775- 5/14/2013 16.D.2. COLLIER COUNTY Board of County Commissioners Item Number: 16.16.D.16.D.2. Item Summary: Recommendation to approve one (1) satisfaction of mortgage for State Housing Initiatives Partnership Program (SHIP) in accordance with the Board's Short Sale Policy, accepting $2,295 to satisfy a $38,250 mortgage. Meeting Date: 5/14/2013 Prepared By Name: K1opfWendy Title: Operations Coordinator,Housing, Human & Veteran Se 3/25/2013 4:56:27 PM Submitted by Title: Operations Coordinator,Housing, Human & Veteran Se Name: K1opfWendy 3/25/2013 4:56:28 PM Approved By Name: LarsenKathleen Date: 3/27/2013 11:16:38 AM Name: GrantKimberley Title: Interim Director, HHVS Date: 4/19/2013 5:53:10 PM Name: AlonsoHailey Title: Operations Analyst, Public Service Division Date: 4/22/2013 2:25:45 PM Name: SonntagKristi Date: 4/24/2013 8:31:47 AM Name: WhiteJennifer Title: Assistant County Attorney,County Attorney Packet Page -2776- Date: 4/24/2013 10:28:45 AM Name: AckermanMaria Title: Senior Accountant, Grants Date: 4/24/2013 10:29:21 AM Name: CarnellSteve Title: Director - Purchasing /General Services,Purchasing Date: 4/26/2013 8:08:39 AM Name: WhiteJennifer Title: Assistant County Attorney,County Attorney Date: 4/30/2013 10:13:10 AM Name: KlatzkowJeff Title: County Attorney Date: 4/30/2013 2:41:09 PM Name: FinnEd Title: Senior Budget Analyst, OMB Date: 4/30/2013 3:44:39 PM Name: StanleyTherese Title: Management/Budget Analyst, Senior,Office of Manage Date: 5/2/2013 4:09:17 PM Name: KlatzkowJeff Title: County Attorney Date: 5/3/2013 8:36:15 AM Name: OchsLeo Title: County Manager Date: 5/5/2013 11:55:08 AM Packet Page -2777- 5/14/2013 16.D.2. 5/14/2013 16.D.2. 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 TANHANII TRAIL, NAPLES, FLORIDA 34112, the owner(s) and holder(s) of a certain Mortgage executed by David Wood to COLLIER COUNTY, bearing the date of September 14, 2007, recorded 09/14/2007 , in Official Records Book 4281, Page 3622 of the Public Records of Collier County, Florida, securing a principal sum of $38,250.00 and certain promises and obligations set forth in said Mortgage. COLLIER COUNTY hereby acknowledges payment and satisfaction of said Mortgage, in accordance with Collier County Short Sale Policy, approved by the Board of County Commissioners on February 28, 2012, Agenda Item 16.D.7, and surrenders the same as cancelled, and hereby directs the Clerk of said Circuit Court to cancel the same record. This Satisfaction of Mortgage was approved by the Board of County Commissioners on - 2013, Agenda Item Number ATTEST: DWIGHT E. BROCK, Clerk , Deputy Clerk Approved as to form and legal sufficiency: Jennife� White 3 Assistant County Attorney BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA By: GEORGIA A. HILLER, ESQ, CHAIRWOMAN Packet Page - 2778 - 9 -m/ h• 2 u , 7 � IftO: `� lLORIDA CO►IiA1 t2i11 12195 s CLITIIAID All 0210 IT 11115 !L 33907 3162 4072166 OR; 4281 PG: 3622 11CORDID 10 the 0111CIAL IRCOROS of COLLIIR COOIti, 09/14/2001 at 12:65PK B112T 1. IROCI, C1,111 SECOND XORTGAGII THIS SECOND MORTGAGE C'Socurity Instrument ") is given on , 2007. The Second Mortgagor is: David Wood, a single man 5/14/2013 16.D.2. ORD 31250,00 OILI 31290.00 RIC MI 27.00 ("Borrower'). This Security Instrument is given to Collier County ("Lender"), which is organized and existing under the laws of the United Sates of America, and whose address is 3301 E. Tamiaati Trail, Naples, Florida 34112 . Borrower owes Lender the sum of Thirty Right Thousand Two Ruadred Fifty and 00 /100 Dollars ($38,250.00). This debt is evrdg. by Bomowrerc Note dead the same date as this Security Instrument ("Second mortgage'), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on sale of proyerty, refiaaxice, or loss of homestead exemption . This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the "ate, with interval, and atl renewals, extensions and modifications; (b) the payment of all other sums, with interest advanced under paragraph 7 P protect the security of the Security Instrument; and (c) the performance of Borrowers covenants and agreements under this Security istrument and the Note. For this purpose, Borrower does hereby second mortgage, grant end convey to Lender the following described roperty looted in Collier County, Florida. a more particularly described a$ Golden Gets Estates Unit 43 E 76ft of W 16CR of Tract ed, Collier County, Florida and which has the ddress of: 'PropertyAddiess "): 4421 66`° Avenue NE, Naples, Florida 34120 TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights appurtenances, rants, roYehias, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a par of the property. AN replacements and additions shall also be covered by the Security Instrument. All of the foregoing is retained to in this Security Instrument as the "Propartr'. BORROWER COVENANTS that Borrower is lawfulll to hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is u of record. Borrower warrants and will defend generally the title to the Property agairsl all claims and demand / oarty%Elil om cord. THIS SECURITY INSTRUMENT combi overents for nab non- uniform covenants with limited variation by jurisdiction to constitute a uniform security instru n real property. UNIFORM COVENANTS. Borrower and agree as fol 1. Payment of Principal and Into P ■ a all promptly pay when due the principal of end interest on the debt evidenced by the Note. 2. Taxes. The Mortgagor will pay a p ' to the accrual of any Y penalties or interest The Mortgagor shall pay or cause be s s y be d 1) all taxes and govemmantal charges of any kind whatsoever which may at any time be I or Property. (2) all utility end other charges, including "service charges ", incurred or im he operation, maintena , use, upkeep and improvement of the Property, and (3) all assessments or other governmental Cho may lawfully be paid t I a period of years, the Mortgagor shall be obligated under the Mortgage to pay or cause to only such instsllmen a to be paid during the term of the Mortgage, and shall, promptly after the payment of any of the orward to Mortgagee ev- f payment. 3. Application of Payments. Unle ss aP provides otherwi t ry ents received by Lender shall be applied. first. to interest due; and, to principal due; sat last, to any tat a hfnder}bedd 4. Charges; Liens. Borrower shall pay all . es and impositions attributable to the Property which may attain priority over this Security Instrument. and leasehold pe if any. Borrower shall promptly furnish to Lender all notices of amounts to be paid under Vile paragraph, and all receipts evidencing the payments. Borrower shall promptly discharge any lion which has priority over this Security Instrument unless Borrower. (a) egress in writing to the payment of the Obligation secured by the lien in a manner acceptable to Lender, (b) contests in good faith the lien by, or defends against enforcement of the lien In, legal proceedings which in the Lenders opinion operate to prevent the enbrcemerlt of the lien; or (o) seaxe$ from the holder of the lien an agreement satisfactory to Lender subordinating the Ion to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over the Security Instrument, Lender may give Borrower a notice Ide"ing the hen. Borrower shall Satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. s. Nwro or Property Insurance. Borrower shall keep the improvement now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage" and any other hazards, including floods or flooding, for which Lander requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance harrier providrg the insurance shall be chosen by Borrower subject o Lenders approval which shall not be unreasonably withheld. If Borrower falls to maintain coverage described above, Lender may, at Lenders option, obtain Coverage to protect Lenders rights in the Property in accordance with paragraph 7. At all times that the Note is outstanding, the Mortgagor shall maintain insurance with respect to the Premises against such risks and for such amounts as are customarily insured against and pay, as the sane became due and payable, all premiums in respect thereto, including, but not limited to , all -risk insurance protecting the interests of the Mortgagor and Mortgages against loss or damage to the Premises by fee, lightning, and other casualties customarily insured against (including boiler explosion. if appropriate), with a uniform standard extended coverage endorsement, including debris removal coverage. Such insurance at ail tines to be in an amount not less than the full replacement coat of the Premises, exclusive of footings and foundations. All insurer= policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. Lender shall have the rigid to hold On policies and renewals. If Lender requires, Borrower shoo promptly give to Lender all receipts Of paid premiums and renewal rho0ces. In this event of loss, Borrower Shall ghro Prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made p Vmpdy by Borrower. Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, it the restoration or repair is economically feasible and Lenders security is not lessened. If the restoration or repair is not economically feasible or Lenders 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 abandon$ the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then tender may Collect the insurance proceeds. Lender may use the proceeds to repair or restore Ore 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 marled. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shoo 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. Borrowers right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition. B. Occupancy, Preservation, Maintenance and Proteetion of the Property; Borrower's Loan Application, Leaseholdis. Borrower shoo occupy, establish, and use the Property as Borrowers principal residence within sixty, days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year alter the date of occupancy, unless Lender otherwise agrees in writing, which Consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrowers control. Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on the Packet Page -2779- 5/14/2013 16.D.2. OR: 4281 PG: 3623 Property. Borrower shall be in default 0 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 orothenrbse materially impair the lien created by this Security Instrument or Lenders security interest. Borrower may cure such a default and reinstate, as provided in paragraph 18, by causing the action or prooseding to be dismissed with a ruling that, in Lender's good faith determination, precludes forfeiture of the Borrowers interest in the Property or Other material impairment of the lien created by this Security Instrument or Lenders security interest. Borrower shall also be in defoull N Borrower, during the loon application process, gave materially false or inaccurate Information or statements to Lender (or failed to provide Lender with any material information) in connection with the ban evidenced by the Note, including, but not limited to, representations eonceming Borrowers 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 merger In wrfting. 7. Protection of Lender's Rights In the Property. If Borrower falls to perform the covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect lenders rights in the Property (such as a proceeding in bankruptcy, 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 Landers rights in the Property. Lenders actions may include paying any sus seeuted by a lien which has priority over this Security Instrument. appearing in 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 beoome additional debt of Borrower secured by this Security Instrument. Unless Borrower and Lander agree to other terms of payment, uses amounts shall bear interest from the date of disbursement at the Note rote and shall be payable, with interest, upon notice from Lender to Borrower requesting payment. S. Mortgage Insurance. If Lender required mortgage insurance as a condition of making the Ian secured by this Security Instrument Borrower shall pay the premius required to maintain the mortgage insurance in effect. If, for any reason, the mortgage inauance coverage required by Lender lapses or ceases to be in effect, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the mortgage Insurance previously in effect at a cost substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect, from an alternate mortgage insurer approved by Lender. If substantially equivalent mortgage insurance coverage is not available, Borrower shall pay to Lender each month a sum equal to one- Iwesth of the yearly mortgage insurance premium "paid by Borrower when the insurance coverage lapsed or ceased to be inflect. Lender will accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve payments may no longer be required. at the option of lender, if mortgage insurance coverage (in the amount and for the period that Lender requires) provided by an insurer approved by Lender again becomes avai)abIe and is obtained. Borrower shall pay the premiums required to maintain mortgage insurance in effect, or to provide a loss reserve, until the requirement for mortgage insurance ends in accordance with any written agreement between Borrower and Lender or applicable law. 9. inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property, in which the fair market value of the Property trrsnedtately before the taking is equal to or greater than the amount of the su b this Security instrument immediately before the taking, unless Borrower and Lender Otherwise agree in writing, the sus tip t nsttument shall be reduced by the amount of the proceeds multiplied by the following traction: (a) the total amount before the taking. divided by (b) the fair market value of the Property immediately before the taking. Any paid to BO r event of a partial taking of the Property in which the fair market value of the Property immediately taking is Islas then the a the sus secured immediately for the taking, unless Borrower and Lender otherwise agree In 'tin unless applicable law othe , es, the pro, - ':a shag be applied to the sums secured by this Security Instrument whether or s are o!L s Le and mower otherwise agree in wnttng, any application of proceeds to principal shall not date of pe Ma referred to in paragraphs 1 or charge the amount of such payments. 11. Be ow Not Released, F are t time for payment or modification of amortisation of the sums secured by this rhy 1 me y in interest of Borrower shall not operate to release the liability of the original Borrower or a t I Le I be required to commence p, ings against any successor in interest or refuse to r pa of the sums secured by this Security Instrument by reason of any demand made by inal Borrower or s interest. Any forbearance by Lender in exercising any right or remedy shall not be a wa or preclude the exerd Y '9 Y. 12. Successors and Assigns Bound; nd Several Lfabillty; } e covenants and agreements of this Security Instrument shall bind and benefit the successors a s of Lender and Bo b the Provisions of paragraph 17. Borrowers covenants a nts shall be )DI Any Borrower who co-signs this Security Instrument but does not execute the Note; (a) is co-sign to mortgage, grant and convey that Borrowers interest in the Property under the terms of this Security Instrument ated to pay the sum* secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to a forbear or make any saanmodations with regard to the terms of this Security Instrument or the Note without that Borrowers consent. 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum ban charges, and that law is finally interpreted to that the interest Or other loon charges collected or to be collected in connection with Me ban exceed to permitted limits, then: (a) any such ban charge shall be reduced by the amount necessary to reduce the charge to the permitted limit and (b) any sums already collected from Borrower which exceeded permited limits will be refunded to Borrower. Lender may choose to make this refund by reduarg the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be "&led as a partial prepayment without any prepayment charge under the Note. 14. Mode". Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law required use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to lender. Any notice to Lender shah be given to Borrower or Lender when given as provided in this paragraph. 15. Governing Law; Severobtllty. 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 clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 19. Borrowers Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneficial Interest In Borrower. If an or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lenders prior written consent, Under may, at its option, require immediste payment in full of all sus secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as Of the data of this Security Instrument. If larndar 1 asd this option, Lender shall give Borrower notice of sac I, ration. The notice shall provide a period of not less tan 30 days from the data the notice to delivered or mailed within which Borrower must pay at sums secured by this Sociality ketnrrlent. IF Borrower falls to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 18. Borrowers Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Property "until to any power of sale contained in this Security Instrument; 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 in enforcing this Security Instrument, including, but not limited to, reasonable attorney's fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument, Lenders 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 shell remain fully effective as if no acceleration had occurred. However, this tight to reinstate shall not apply in the case of acceleration under paragraph 17. 19. Sale of Note; Change of Loan Servleer. The Note or a partial interest in the Note (together with this Security Instrument) may be sold one or mote times without prior notice to Borrower. A sale may result in a change in the entity (known as the "Loan Servioer) that collects monthly payments due under the Note and this Security Instrument. There also may be one or more changes of the Loan Servieer unrelated to a sale of the Note. If there is a change on th. I —A-4— 4— R.xrrwer -ill be given written notice of the change in accordance with Packet Page -2780- 5/14/2013 16.D.2. * ** OR: 4281 PG: Ace AAA Paragraph 14 and applicable law. The notice will slate 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. 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall rot do, nor allow anyone else to do, anything a8etdirg the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances VW are generally recognized 10 be approprlale to normal residential uses and to maireenance of the Property. Borrower shall pron"yWe Lender wdhen notice for any kwastioation, cleirn, denumd. lawsuit or otter action by arty governmental or regulatory agency or private party invoking 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 ran of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary mmedisi actions in socto once with Environmental Law. As used in this paragraph 20, "Huamdow Substances" are those substances defined as toxic or hazardous substances by Emi onmental Law and the following substances: gasoline, kerosene. other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile sotvw ts, materials containing asbestos or formaldehyde, and radioactive materials. AS used in this paragraph 20, "Environmental Law+' means federal laws and laws of the jurisdiction where the Property is located that relate 10 wealth, safety or environmental protection. 21. Accelaratim; Remedies. Lender shelf give notice to Borrower prior to acceleration following Borrowees breach of any covenant or agreement in this Security Instrument (but rat prior to acceleration under paragraph 17 unless applicable law provides odarwiae). The rgtim shall specify: (a) the defoult; (b) the action required to cure the default. (c) a date, not leas than 30 days from the date tlta notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the suns secured by this Security Instrument, foreclosure by judicial proceeding and sale of the Properly. The notice shell further a Ion, Borrower of the right to reinstate alter acceleration and the riots to assert in the foreclosure proceeding the non-sxistence of a default or any other defense of Borrower to aeoaleration and foreclosure. If the default is not cured on or before the dale specified in the notice, Lender, of its option, may require immediate payment in full of all sums secured by dks Security Instrument without further demand and may foreclose this Security Instrument by judicial proceeding. Lender shall be entitled to 001led all expenses incurred in pursuing the remedies provided In this paragraph 21, including, but not limited to, reasonable attorney's fees and costs of the fife evidence. 22. Release. Upon payment of all sums secured by this Security Instrument, Lender shall release this Security Insbvnwnt, without charge, to Borrower. Borrower shag pay any recordation costs. 23, Attornsys' Fars. As used in this Security Instrument and the Now, "attorneys' lass" shall include any allomeye' fees awarded by an appellate court. 24. Riders to this Security Instrume t H one or more rides are execuled by Borrower and recorded together with this Security Instrument. the covenants and agreements of Sao such rider shall be incorporated into and shag amend and supplement the covenants and agreements of this Security Instrument as if the riders) were a part of this Security Instrument. (Check Applicable Box) ❑ Adjustable Rate Rider ❑ Rate Improvement Rider ❑ Condominium Rider Graduated Payment Rider Balloon Rider 1.4 Family Rider R C Second Home Rider El Biweekly Pa Unit Development Rider ❑ Othar(s) (specify ?� 10 SIGNING BELOW, Borrower accepts and all s to red road i this rity Instrument and in any riders) executed by Borrower and recorded with iL Signed. Sealed end in the rese A e STATE OF FLO COUNTY OF _\ Signature; �r Co. eomav ^-r 21 6606 Avenue Maples, FL 36120 I hereby osrdly that on this day, before me, w officer duly authorized in the state aforesaid and in the county aforesaid to take ac knowlydgemenla, personally appeared David Wood, to me known to be the person(s) described in and who executed to foregoing instrument and acknowledged before me that (He/ she/ they the Same for the therein expressed. WITNESS my hand and official sea in the County and St afo this ,�� day 20�, My Commission Expires: / /jr9 Notary. tic' Signal (Seel) Nonrys Printed Name �+ FDWA D. WITH H i 7� � My COMMISSD►'x r 0D 10034 EXPIRES Apn22.20P] File #: 06 -174 Packet Page -2781- S m{ -i m O m tJ N_ Co O O z O m W ZZ qa= 4 �� to Fn ZNy>I a v o D H M� m z 0 3 c m r s Cr O C7 • O N W 3 � C) m I CA � T w pr O N mD m{ -i m m tJ 3 Co O O z O m W ZZ qa= 4 �� to Fn ZNy>I a v o D H x m z 0 3 c m r Cr O C7 0 3 3 � I d � T r O m _ w pr O N mD m{ -i m OS m tJ Co O o z O m W ZZ qa= 4 �� to Fn ZNy>I a a° Nt�pct'y D o -�Cn zN x �< z 0 3 c m r Cr O C7 A m Z m c � a, 3 s -i �a z �m N O J CA Packet Page -2782- Ca) Js Co J 5/14/201316.D.2. I tJ O O 0 O s ZD CA 8) SmAly b&Wm. D*tWW an bads. Packet Page -2782- Ca) Js Co J 5/14/201316.D.2. I HW -1 U.S. Department of limmi ug 5/14/2013 16.D.2. A. Settlement Bteter ant and Urban Development OMB 140.9m m B. Type of Lm 0 1. FHA 0 2. FMHA 0 3. Corn. Unine. B Fns Number 7. Lon Number a Morty. km Casa Nam. 0 4. VA 0 5. Comc Ina 12 -12001 ID: C. NOTE:TMs form M hrmMhad 10 glue you a statement of DOM ratemem cods. Amouria paid to and by the rattlanat agar are shown. Items nrarired'(P•o e.)" were paid oulekM the dosing; they are shown here for Wormatlarl Purposes and am not included In tlM 101210. D. NAME OF BORROWER limy Street HOMO. I.I.C. a Florida imitsd liability company Address of Borrower. 222 krdcceblal Blvd. , Unit 105, Naples, Flo" 34104 E. NAME OF SELLEft David &non Wood Address of 8MMr. 4421 Oft Ave NE, Naples, Florida 34120 TIN: F. NAME OF {.ENDER: Address of Lander. Q. PROPERTY LOCAMM: 4421 Win Ave NE. Napier. Fbrlda 34120 H. SETTLEMENT AGENT. Goode 6 Adamc rik, PLLC TIN: 27- 2720517 Plow of 36 ernent: 5850 Fontana Dal Sol 1Nay. Naples, Florida 34108 Phone: 239-331.5100 1. SETTLEMENTDXr9: 2/28113 DISBURBEMENT DATE: 2=13 Substitute Fong 1088 Saer Sbftrr* C The Infamnab n contained in blocks E, G. H, and I Seal an ins 401 M knporMrd tax klbrmado, and is b*9 turdthad to ribs IRS. It you am requked toile a retun, a negllgaruca Penury or other sanction WH be inPoead an you If this kem Is r"Ared to be reported and the IRS dstinvirm that It has not been reported. seller k sbuctiorM: If sN 1081 estale was your principal residence. Me Form 2119. Sorb or Ex1wve of Principal Residence, for any gain, with tan raWm: for other Irmagoilom, cernpiabr the appaeabla parts of Form 4797, Form GM armYor SnirsdcAe D (Form 1040). Packet Page - 2783 - Doublemmme 101. Contract sobs onpa 100.000.00 401. Contract piss Mice 101000.00 102. Personal property 402, Personal 103. Betts ment charges to borrower a 1400 398.50 403. 104. 404. 105. 405. 106. Wes 408. CbRovin taxss 107. Count' tame from M211113 to 09/30/13 10219 407. CMM Mxns from 02128/13 to 09130!13 102.19 108. AssesemaMs 408. Assessments 109. 408. 110. 410. 111. 411. 112• 412. 120. Orom amount due from borrower: 100.800.89 429. Grow amount due to a~. 100.102.19 20C OOPoolt or eamest m I.M. 00 501. Excess depose ass kxeuetions 202, Principal amount of row I s 602. Settlement charm to seller We 1400) 10.0w.00 203. s taken subject b 501 MdstM s taken sub)ect to 204. Principal amount of second mwWVe 504. Of Ikrt m km 97.109.65 20B. 206. 506. PrAff of ore, I mortgage ban 508. Deposits hall seller 2,285.00 207. PrNudpat amt of morbspe hold try seller 507. Principal amt of mofteae, herd by seta 206. 506. 209. 509. 210. C*A%m n tmras 610. City4town taxes 211. Omadv taxes from 01/01/13 t0 02=13 212. Assseamats 97.54 511. COMMY Mxes from 01/01/13 to 0229/13 512. Asssssmats 97.54 213. 513. 214. 614. 215. 515. 219. 518. 217• 517. 218• 618. 218• 519. 220. Total paid boTor borrvrrar: 1. 097.54 624 Tbtal radrretIms In Mmowit due Meer. 100.10219 301. Gross amount due from borrower (One 120) 100.500.89 001. Gross amount due to Serer Qlne 420) 100.102.19 302. Leas amount pall by/for the borrower (Ilne 220) (1. 097.64) 802. Lass bfal radudlone In Snout dun saller (iko 520) (100,102.19) 303. Cash ( © From ❑ To ) Borrower. 99.403.15 803. Cash (❑ To ❑ From ) Seer: 0.00 Substitute Fong 1088 Saer Sbftrr* C The Infamnab n contained in blocks E, G. H, and I Seal an ins 401 M knporMrd tax klbrmado, and is b*9 turdthad to ribs IRS. It you am requked toile a retun, a negllgaruca Penury or other sanction WH be inPoead an you If this kem Is r"Ared to be reported and the IRS dstinvirm that It has not been reported. seller k sbuctiorM: If sN 1081 estale was your principal residence. Me Form 2119. Sorb or Ex1wve of Principal Residence, for any gain, with tan raWm: for other Irmagoilom, cernpiabr the appaeabla parts of Form 4797, Form GM armYor SnirsdcAe D (Form 1040). Packet Page - 2783 - Doublemmme 5/14/2013 16.D.2. c nww......� M N-b%m and I loan DowalootrArd Pdd hom 700.71101 Selsoftiroksm Com. based on price $100.000.00 8.0000 % 8,000.00 Barrows's Funds Pald from Ssnerb Funds at Settlement 701. 3,000.00 3.0000 United Real Estate at Settlement 702. 3,000.00 3.0000 Flartds Hone ROalty 703. Commsdion paid atsaltkane 4 704. to 801. Loan originstim fee 802. Loan daeount 803, ra" tee to 804. Cmdt MW to 805. Lender's Wymmon fee to 80B, Mmtgwe Mtatasnoe appiloollon fee to SM. AuuqAon Fee to BOB. to Boo. to 810. ID 811. to 901. Interest from to toy 902. kwmnoe pmmkim for morft to 903. Hazard Insurance premkxn fof Yom to 904. Flood Vmmoe Vemium for Mrs ID io 1001. Herd kawrance monft 0 off month 1002. Mwtpp krour0nm wtmft a Per month 1003. pro taxes morft 9b per moM 1004. County prowrty taxes monft B ow mantin 1005. Annual assessmmus nxinft A per month 1008. Flood insuance 1007. montin 1008. month 1009. A9propate acoouxkn0 adpulment 1101. Settlement or d tae Goode & Admrxyk, PLLC 350. 1500.00 1102. Absbsd or the asarch do Goode fL AdynczWk PLLC 280.00 1103. Title exlaminatlon to 1104. Us kxeuancs brftAW to 1105. DoamterR 1108. Notary fee8 tD 1107. Abwnoy's Fees to Goode d AdamczyK PLLC 1 "0.00 (Includes above Item numboE: 57= 1108. Title Insurance to Old Republic Nat. TkWGoede b Adamczyk includes oboes Item numbers: 1109. Lenders remlum 1110. OmWs remium • $100,000.00 $575.00 1111. FJxdorae: 1112. tiro Fee to Goode & Adomczyk, PLLC 30.00 30.00 1113. t0 1201. RaoocdkV fors $18.50 $10.00 1 IL50 10.00 1202. . OO t udstam E 1203. State laxdatempE Deed $700.00 MoMaWsl 700. 1204. Name Af94adt to COLLIER Clark of Court 10.00 1205. to 1301. Surrey 1302. Poet n 1303. Co9ier Coady Uen Search to Goode & Adorn PLLC 25.00 1304. to 1305. to 1306. 110 1307. b 1308. to 1309. iEnw on K 396 10 800. I hwo taMltly roNSUxad asmemem ta'teWrlMx rd to tln bit d MY krxsxdetla 1 and baler. l Is a Ire um awC mmwnan a w regys um oawowners mace on my aoaomt tx N !teat l hrve noalvod a owy of In Hl1D-0 SmUmnal SubunwC - -• Bomxwer - Sailor M ,* "rrrVK or ;r . oft r- DaNd Shan Wood �T P r yn //.A.rY� earower senor Tho HUM 8lalarxxara wredi I hsw anprd is a tee ad wounds mccwj t d this banssedw. I have couaad, orvAl ew, end fads to be dhbueed In aOCerdalg0 vdlx Yes Goode As Its R.%1-v*Atv9 Oede WfxMMM n Is sales to krgwkpymalxefdaa stalamaraa to tlxe Uµ•e Smas mesa or am otter skxmar Ibm Pmuftw Gaon eorwkaen a.n xraad.. ane 90lble7lmeD end k„oeoo,,,wL For CIONS SM -iU150s,00" Beeman +001i Packet Page -2784-