Agenda 04/12/2011 Item #16D4
4/12/2011 Item 16.D.4.
EXECUTIVE SUMMARY
Recommendation to approve and authorize the Chairman to sign one (1) Satisfaction of Mortgage
for owner occupied affordable housing dwelling units that have been repaid in full to Collier
County.
OBJECTIVE: Approve and authorize the Chainnan to sign Satisfaction of Mortgage for owner
occupied affordable housing dwelling units that have been repaid in full to Collier County.
CONSIDERATIONS: Recipients of affordable housing assistance are required to repay the County
upon sale, refinance or loss of homestead exemption. Evidence of repayment is attached as backup
material to this item. The following table provides a detailed account of the funds repaid as required.
Name(s) Property Description Assistance Public Record
Provided
Flavio E. Velecela and Martha Lot 39, CharI ee Estates . $10,000.00 OR 3719, PO 0664
L. Velecela
~
Approval of this item will authorize the Chairman to sign the Satisfaction of Mortgage for owner
occupied affordable housing dwelling units that have satisfied the tem1S of assistance provide. Following
approval and execution, the documents shall be recorded in the public records of Collier County, Florida.
FISCAL IMPACT: State Housing Initiatives Partnership Proi,'Tam (SHIP) funds in the amount of
$10,000.00 have been repaid and are considered program income. Such funds may be reused for eligible
SHIP program activities.
GROWTH MANAGEMENT IMPACT: There is no b'TOwth management impact associated with this
item.
LEGAL CONSIDERATIONS: This item has been reviewed and approved by the County Attorney's
Office and is legally sufficient for Board action. This item requires a simple majority vote. - JW
STAFF RECOMMENDATION: Approve and authorize the Chailman to sign Satisfaction of Mortgage
for owner occupied affordable housing dwelling unit that have been repaid in full to Collier County.
PREPARED BY: Frank Ramsey, Housing Manager, Housing, Human and Veteran Services.
Packet Page -2004-
4/12/2011 Item 16.0.4.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.4.
Item Summary: Recommendation to approve and authorize the Chairman to sign one (1)
Satisfaction of Mortgage for owner occupied affordable housing dwelling units that have been
repaid in full to Collier County.
Meeting Date: 4/12/2011
Prepared By
Name: DoriaPriscilla
Title: SHIP Loan Processor,Housing, Human & Veteran Services
3/15/20113:42:46 PM
Submitted by
Title: SHIP Loan Processor,Housing, Human & Veteran Services
Name: DoriaPriscilla
3/15/2011 3:42:48 PM
Approved By
Name: RamseyFrank
Title: Manager, Housing, Human and Veteran Services
Date: 3/16/2011 10: 18: lOAM
Name: AlonsoHailey
Title: Administrative Assistant,Domestic Animal Scrvices
Date: 3/16/2011 4: 18:41 PM
Name: KrumbineMarcy
Title: Director - Housing & Human Scrvices,Housing. Human & Vcteran Serviccs
Date: 3/21/20114:19:49 PM
Name: AckermanMaria
Date: 3/22/20 II 2:02:05 PM
Name: Carnell Steve
Packet Page -2005-
Title: Director - Purchasing/General Services, Purchasing
Date: 3/25/2011 7:09:07 AM
Name: FoordMarlene
Title: Grant Development & Mgmt Coordinator, Grants
Date: 3/25/20] I 7:57:04 AM
Name: Wrightleff
Title: Assistant County Attorney,County Attorney
Date: 3/28/2011 9:02:32 AM
Name: RamseyMarla
Title: Administrator, Public Services
Date: 3/30/2011 4: 11 :20 PM
Name: KlatzkowJeff
Title: County Attorney,
Date: 4/1/2011 8:52:01 AM
Name: PryorCheryl
Title: Management! Budget Analyst, Senior,Office of Management & Budget
Date: 4/1/2011 4: 18:1 0 PM
Name: OchsLeo
Title: County Manager
Date:4/4/20118:41:18AM
Packet Page -2006-
4/12/2011 Item 16.D.4.
4/12/2011 Item 16.D.4.
Prepared by:
Priscilla Doria
Collier County
Housing, Human & Veteran Services
3301 E. Tamiami Trail
Naptes. FL 34112
THIS SPACE FOR RECORDING
SATISFACTION OF MORTGAGE
KNOW ALL MEN BY THESE PRESENTS: That COLLIER COUNTY, whose post office address is
3301 E TAMIAMI TRAIL. NAPLES, FLORIDA 34112, the owner(s) and holder(s) of a certain
Mortgage executed by Flavio E. Ve\ecela and Martha L. Velece\a to COLLIER COUNTY, bearing the
date of December 28, 2004. recorded January 20, 2005 in Official Records Book 3719 Page0664, of the
Public Records of Collier County, Florida. sccuring a principal sum of $10,000.00 and certain promises
and obligations set forth in said Mortgage, upon the propcrty situatcd in said State and County described
as follows. to wit:
Lot 39, Char\ee Estates, according to the plat thereof, as recorded in Plat Book 40, Pages 49 and 50,
of the Public Records of Collier County, Florida. (14666 Apalacbee Street, Florida 34114)
COLLIER COUNTY hereby acknowledgcs full payment and satisfaction of said Mortgage, and
surrendcrs the same as cancelled. and hereby directs the Clerk of said Circuit Court to cancel the same of
record.
Dated this
day of
,2011.
ATTEST:
DWIGHT E. BROCK. Clerk
BOARD OE COUNTY COMMISSIONERS
COLLIER COUNTY, ELORIDA
, Deputy Clerk
By:
ERED W. COYLE. CHAIRMAN
By:
Approved as 10 form and
le2al suffieiellc\":
-, .
\
..""...........:.......
Jeff E. W..ight
" i~.
Assistlm1 County Attorne)
Packet Page -2007-
HABITAT FOR HUMANITY OF COWER COUNTY, INC.
15194
Collier Co. Board of County Commissioners 4/28/2010
1300.00' LEASED & REPO HOUSES:13 HS #871 Velecela 14666 Apalachee Street
10,000.00
l~I.A,NCE DEPT.
Rnc6,*~-\o~~
lq\ -\tS4-t.O
~ \jtXece.\~ -2~
RECEIVED
MAY 0 3 261U
Packet Page -2008-
Uev ,A)
rVo/ /-f >
fIr,()e ;kK- /)>.tl,.( D I'~C>
0( $1./01'1
1000 , msUI
1117 I IllIG. !YJ '112
purr! GOlDA lL 33950
THIS SECOND MORTGAGE ("Security Instrument") is given on December tJt. 2004. The Second Mortgagor is:
F1avio E. & Martha L. Ve/ecela, Husband and WWe
("Borrc>werj. This Security Instrument is given to Colli.r County ("Lender"). which is organized and existing under
the laws of the United States of America. and whose address is 2800 Rorth Bors.shoe Drive, '&00, lllapl.s, Florida
3&016 . Borrower owes Lender the sum of Ten 'l.'houaand and Ro/100ths Ilollars(U.S.$ 10,000"00 ). Thisdeblill
evidenced by Borrower's Note dated the same date as this Security Instrument ("Second Mortgage"), which provides for monthly payments. wilh the
full debt, W not paid earlier, due and payable on sale of property, refinance, or loss of h.-steed __ti....
. This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all _. extensions and
modifications: (b) the payment of all other sums, w~h interest advanced under paragraph 7to protect the security of the Security Instrument; and (c)
the performance of Bormwer's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower does hereby
second mortgage, grant and coovey to Lender the following described property located in Colli.r County. Florida.
As more particularly described as Lot 39, Charlee Estates, Collier County, Florida and which has the address of:
("Property Address"):
14666 Apalachee Street, Raplas, Florida 34114
TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances. rents.
royalties. mineral, oil and gas rights and profrts, water rights and stock and all fIXtures now or hereafter a part of the property. A1t replacements and
additions shall also be covered by the Security instrument. All of the foregoing is referred to in this Security Instrument as the .Property".
BORROWER COVENANTS that Borrower is lawfully seized of the eslate hereby conveyed and has the right to mortgage, grant and
coovey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the
liUe to the Property against all claims and demands, subject to anJ-l"'Oumbra~ record.
THIS SECURITY INSTRUMENT combines unW"'!I"g6"~,iRf<€.:n/lI~, 'use and non-unWorm covenants with iim~ed variation by
jurisdiction to constitute a uniform security instrument covenfl9\~~,...., !\/"-.,'''..
UNIFORM COVE~~TS. Borrower and Lrl'l[)~iienant and agree as foll~J~, . .
1. Payment of PnllClpal and Interest; P"'ll!'yment and Late Charges. ~er'\halJ promptly pay when due the pnnclpaJ of and
interest on the debt evidenced by the Note. I 7" , ^' \ \. . .
2. Taxes. The Mortgagor will pay all taXes, assessments, Sewerrentlii"'i water rales poor to the accrual of any penalties or Interest
thereon. I ! - --\.../-\.. \ \ \
The Matgagor shall payor cause to be paidyaS;ln.rs~~'dljij?'A)(1) alt taxes and govem_ charges of any kind
whatsoeIIer which may at any time be lawfully ";'sess,ed "" levied '!9aihSt '1"'1wi\!Y rSJl~ ~1he r.~, (2) all utility and _ charges. including
service charges". incurred or Imposed for the <jPerajb1. \n:>irJ!~j "'je,!~~~ upk8llP, and improvement of the Property, and (3) all
_ts or other governmental charges lh\'l'll]BV~be,~'I~ '?Yer ~~d years. the Mortgagor shall be obligated under
the Mortgage to pay or cause to be paid only sul;/j.;;'~lments as are required lG,be paid durlng~lterm of the Matgage. and shall, promptly after
the payment of any of the foregoing, forward to MQrt~ee evidence of suCh payr1\ent I /..:.:) /
3. AppllcatJon of Payments. Unless "i>P!!s;~le law provides otherwfS"apan p;4y~~~ feeeived by Lender shall be applied; first, to interest
due; and, to principal due; and last, to any late charg~;x1U~ under the Note. 'L) / t ,,/
4. Charges; Liens. BorrONer shall pay alh~,;a$:sessments, charges, fipeS,na::Jmpositions attributable to the Property which may
attain priority over this Security Instrument, and leasehllkl~~)nts"or ground rent(,;W~y/Borrower shall promptly fumish to Lender all notices of
amounts to be paid under this paragraph, and all receipts 'evl.;i,~li)gj!ie pa~~;_, '->"
Borrower shall promptly discharge any lien which haS'pnOr!!tOv!:ttiitSecurity Instrument unless Borrower: (a) agrees in wr~ing to the
payment of the obligation secured by the lien in a manner acceptable to render: (b) contests In good fa~h the lien by, or defends against enforcement
of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien: or (c) secures from the holder of the lien
an agr-..ent satisfactory to Lender subordinating the lien to this Security Instrument If Lender determines that any part of the Property is subject
to a lien which may attain priority over the Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien
or take one or more of the actions set forth above within 10 days of the giving of notice.
5. Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
against loss by frre. hazards included within the term "exIended coverage" and any other hazards, including floods or flooding. for which Lender
requires insurance. This insurance shall be maintained in the amounts and for the periods that Lander requires. The insurance carrier providing the
insurance shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably withheld. W Borrower fails to maintain coverage
described above. Lender may, at Lender's option, obtain coverage to protect Lender's rights in the Property in accordance wilh paragraph 7. AI all
times that the Note is ootstanding, the Matgagor shalt maintain insurance with respect to the Premises against such risks and fa" such amounts as
are custcmariy insured against and pay. as the same become due and payable. all premiums in respect thereto, including, but not lim~ed to . al~risk
insurance protecting the interests of the Mortgagor and Mortgagee against loss or damage to the Premises by frre, lightning, and other casualties
customarily Insured against (including boiler explosion, W appropriate), w~h a unWorm standard exIended 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.
AIl insurance policies and reneYIals shall be acceptable to Lender and shall include a standard mortgage dause. Lender shall have the
right to tdd the palictes and renew-als. If Lender requires, Borrower shall promptly give to Lender aU receipts of paid premiums and renewal notices.
In the event of loss, 80rr0w'er shall give prompt notice to the insurance carrier and lender. Lender may make proof of loss if not made promptly by
Borl"O'Ner.
Unless lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property
maged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or repair is not economically
....ible or Lender's security would be lessened, the insurance proceeds shall be applied to lI1e sums secured by the Security Instrument, whether or
not then due, w~h any excess paid to Borrower. W Borrower abandons the Property. or does not answer w~hin 30 days a notice from Lender that
the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or
restore the Property or to pay sums secured by this Security Instrument, whether or not then due. The 3O-day period will begin when the notice is
maied. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not exIend or postpone the due date of
the monthly payments referred to in paragraph 1 or change the amount of the payments. W under paragraph 21 the Property is acquired by Lender,
80rr0wer's right to any insurance policies and proceeds resu~ing from damage to the Property prior to the acquis~ion shall pass to Lender to the
extent tithe sums secured bv this Securitv Im..tnllT\Pnt immMi~<=oI" r\";"'" .,.......... ........"l..:.:......
CI'OU ~.IG II:'t:f UU"" ~11dl1 1M rnerye unless Lenaer agrees to the merger in writing.
7. Protection of Lender's Rights In the Property. ~ 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 rights in the Property (such as a procee:ling in bankruptcy, probate,
for cordemnation or forfeiture or to enforce laws or regulations), then Lender may do and pay for whatever is necessary to protect the value of the
Property and Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority CNer 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. Ar1y amounts disbursed by Lender under this paragraph 7 shall become add~ional debt of
!lormNer secured by this Security Instrument Unless!lormNer and Lender agree to other terms of paymerrt, these amounts shall bear interest fl"O'
the date of disbursement at the Note rate and shall be payable. with interest, upon notice from Lender to Borrower requesting payment.
.. Mortgage I..uranee. ~ Lender required mortgage insurance as a cond~ion of making the loan secured by this Security instrument.
s.. ",.... shall pay the premiums required to maintain the mortgage insurance in effect. ~. for any reason, the mortgage insurance coverage
required by Lender lapses or ceases to be in effect, Borrower shall pay the premiums required to obtain coverage substantially equivalent to the
mortgage insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect, fmm
an alternate mortgage insurer apprCNed by Lender. ~ substantially equivalent mortgage insurance coverage is not available, Borrower shall pay to
Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premium be;ng paid by Borrower when the insurance coverage
lapsed or ceased to be in effect. Lender wUI 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, ~ mortgage insurance coverage (in the amount and for the period that Lender requires)
provided by an insurer approved by Lender again becomes avanable and is obtained, Borrower shalt pay the premiums required to maintain
mortgage insurance in effect, or to provide a klss reserve, until the requirement for mortgage insurance ends in accordance with any wrttten
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 shali give Borrower notice
at the time of Of prior to an inspection specifying reasona~e cause for the inspection.
10. Condemnation. The prcx:eeds 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 procee:ls shall be applied to the sums secured by this Securily Instrument, whether or not then due, w~h any excess
. paid to Borrower. In the event of a partial taking of the Property, in which the fair market value of the Property immediately before the taking is equal
to or greater than the amount of the sums secured by this Security Instrument immediately before the taking, untess Borrower and Lender otherwise
agree in writing. the sums secured by this Security Instrument shall be reduced by the amount of the proceeds muttiplied by the following fraction: (a)
the total amount of the sums secured immediately before the taking. divided by (b) the fair market value of the Property immediately before the
laking. Any baiance shall be paid to BorrONer. In the event of a partia!. ta~"9 of the Property in which the fair market value of the Property
immediately before the taking is less than the amount of the s~ms'~eGered,,jmlne(tiatelY for the taking. unless !lormNer and Lender otherwise agree
in writing or uniess applicable iaw othe<wise provides, the proeeeOs,shall ~1>p/ied?tQ the. sums secured by this Security Instrument whether or not
the sums are then due. Unless Lender and Borrower qth~~~~'ag,ee in writjn~J~'a~' apptiCat~. ci proceeds to principal shall not extend or postpone
the due date of the monthiy payments referred to in pS."g",phs 1 or change the amOOn! ofrSuOh payments.
11. Borrower Not Releesed, FOrbeerani::e'syieOOer Not a Waiver. Extension of the time for payment or modifICation of amortization
of the sums secured by this Security Instrument gi8ntedbytenderto.~DY..S.~c:cessor in int~est of,!lormNer shall not operate to release the liability of
the original Borrower or !lormNer's successors irii interest. lfen1ler shanDot boOrequired to cOmmence proceedings against any successor in interest
or refuse to extend time for payment or otherwis~ modif~)ll!lOrtizatiOn:Qf the.sums secured .b~this ~rity Instrument by reason of any demand
made by the original Bom:wer or BorroNer's su~~'9"S jntnt8reSr-AIly.,t~r,a~,bY\'~~~ in exercising any right Of remedy shall not be a
waiver cI or preclude the exercise of any right ~ remedY'i {i 1 ; ~ i~~,j ~\ "/ i I
12. Su If",..OO Aaalgns Bound;...~~I.OO seve...' Lleblllty;:Co-Signers. The..co\Ienants and agreeo,_ 01 this Security
Instrument shall bind and benefit the successors'aric/, llsslgliS oflel1der1111ll.B<lrrower ~ub)ect.to.1hll
Provisions of paragraph 17. !lormNer's covenarnsand agreements shall be joinl'and seVera!./ Any;Sorrower who co-signs this Security Instrument
but does not execute the Note: (a) is co-signing this"Security Instrument only to ",,*,g0ge, granQlnd convey that Elorrower's interest in the Property
under the terms eX this Security Instrument; (b) is 'ndf,~rsonaUy obligated to pay tt1e'.sums.seOvred by this Security Instrument; and (c) agrees that
tender and any other Borrower may agree to extend.:triOdify. forbear or make any aCcOmmcidatk5ns w~h regard to the terms of this Security
Instrument or the Note without that BorroNer's consert( (~.)~:>~,.". ....__/'/...;'\, //
13. Loan Charges. If the loan secured by thiS SeeuriiYlnstrument-isSubjeet loa law which sets maximum ioan charges, and that law is
finally interpreted so that the interest or other loan charges CoIIe<:ted brtto be'dOIl$ded-;rf'connection with the loan exceed the permitted limits, then:
(a) any such loan charge shall be reduced by the amount necess-iiryio-::redUce.ttre:-'charge to the permitted limit; and (b) any sums already collected
from BorrOYt'er which exceeded permitted limits will be refunded to BorrOYt'er. Lender may choose to make this refund by reducing the principal OYt'ed
under the Note or by making a direct payment to BorfOlNer. If a refund reduces principal, the reduction will be treated as a partial prepayment without
any prepayment charge under the Note.
14. Notlces. Ar1y notice to !lormNer provided for in this Security Instrument shall be given by delivering ~ or by mailing ~ by first class
mai 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. Ar1y notice to Lender shalt be given to Borrower or Lender when given as provided in this paragraph.
15. Governing L..w; Severability. 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 w~h applicable law, such conflict shall
not affect other provisions of this Security Instrument or the Note which can be given effect w~hout the conflicting provision. To this end the
provisions of this Security Instrument and the Note are declared to be severable.
1.. Borrower's Copy. !lormNer shall be given one conformed copy of the Note and of this Security Instrument.
17. Transfer of the Property or. Beneficillllnterest in Borrower. ~ all or any part of the Property or any interest in ~ is sold or
transferred (or ~ a benefICial interest in Borrower is sold or transferred and Borrower is not a natural person) wrthout Lender's prior written consent,
Lender may, at its option, require immediate payment in full of all sums secured by this Security instrument. However. this optioo shall not be
exercised by Lender ~ exercise is prohib~ed by federal law as of the date of this Security Instrument.
If Lender exercised this option. Lender shall give Borrower notice of acceleration, The notice shall provkle a period of not less than 30 days from the
date the notice is delivered or mailed within which BorfCllN'er must pay all sums secured by this Security Instrument. If Borrower fails to pay these
sums prior to the expiration of this period. Lender may invoke any remedies permitted by this Security Instrument without further notice or demand
on Borro.ver.
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 eanier of: (a) 5 days (or such other period as applicable law may specify for reinstatement)
before sale of the Property pursuant to any power of sale contained in this Security instrument: or (b) entry of a judgment enforcing this Security
Instrument. Those cond~ions are that !lormNer: (a) pays Lender alt sums which then would be due under this Security Instrument and the Note as ~
no acceleration had occurred: (b) cures and defautt of any other covenants or agreements: (c) pays all expenses incurred in enforcing this Security
Instrument, including, but not lim~ed to. reasonable attorney's fees: and (d) takes such action as Lender may reasonably require to assure that the
lien of this Security Instrument. tender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall
continue unchanged. Upon reinstatement by !lormNer, this Security Instrument and the obligations secured hereby shall remain fully effective as W
no acceleration had occurred. HONever, this right to reinstate shall not apply in the case of acceleration under paragraph 17.
19. Sale of Note; Change of Loan servlcer. The Note or a partial interest in the Note (together with this Securilv Instrumentl ITlRV tv.
...-I..l ___ _~ ____ ~,_ _ '.. _
~ Ul>>1CIU III UI~ IJi:iICJ9ri:lpn "V, nazarcaus ~uostances~ are ttlOSe SUbstances defined as toxic or hazardous substances by Environmentaf Law and
the fo/lOINing substances: gaso/ine. kerosene, other flammable or toxic petroleum products, toxic pesticides and herl>k:ides, volatile solvents,
materials containing asbestos or formatdel1yde, and
radioactive materials. As used in this paragraph 20, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is
located that relate to health, safety or environmental protection.
21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or
agreMlent in this Security Instrument (but not prior to acceleration under paragraph 17 unless applicable law provtdes othe<wise). The notice shall
specify. (a) the defauK; (b) the action required to cure the defauK; (c) a date, not iess than 30 days from the date the nolice is given to Borrower, by
which the defauK must be cured; and (d) that fanure to cure the defauK on or before the date specified in the nolice may resuK in acceleration of the
sums secured by this Security Instrument, foreclosure by judicial proceeding and sale of the Property. The notice shall fur1her inform Borrower of
the right 10 reinstate after acceleration and the right to assert in the foractosure proceeding the n<l!HllCistence of a defauK or any other defense of
Borrower to acceIeoation and foreclosure. ~ the defauK is not cured on or before the date specified in the notice, Lender, at its option, may require
immediata payment in full of all sums secured by this Security Instrument w~hout further demand and may foreclose this Security Instrument by
jUdicial proceeding. Lender shall be ent~led to collect alt expenses incurred in pursuing the remedies provided in this paragraph 21, including. but not
iimned to, reasonable attorney's fees and costs of the t~le evidence.
22. Release. Upon payment of alt sums secured by this Security instrument, Lender shali release this Security Instrument, without
charge, to BClrITNIIer. Borrower shall pay any recordation costs,
23. Altomeya' F-. As used in this Security Instrument and the Note, "attorneys' fees" shalt include any attorneys' fees awarded by an
appellate court.
24. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together w~h this Security
Instrument, the covenants and agreements of each such rider shalt be incorporated into and shall amend and supplement the covenants and
agreements of this Security Instrument as ff the rider(s) were a part of this Security Instrument. (Check Applicable Box)
o Adjustable Rate Rider
o Graduated Payment Rider
o Balloon Rider
o Other(s) (specify
o Rate Improvement Rider
o 1-4 Family Rider
o Biweekly Payment Rider
o Condominium Rider
o Second Home Rider
o Pianned Un~ Development Rider
STATE OF FLORIDA
-----------
SIGNING BELOW. Borrower accepts and agrees to the t~~~'t~~l!ine<:1 in this Security Instrument and in any rider(s) executed by
Borrower and recorded wnh ~. /, " \J ::'---'----JJ A /.....,
/,")~/ ~l't"
Signed, sealed and delivered in the presence of: / (,7 """~ \ . '
wnness#l,,('-r"~~S. - ~~l,...( / / k:.--''Signet~...... ~h~'" ,;f'~u": ~J-
.. - I / ,\.._Ilorrower Ll"l 0, B" Ve eela
Sognature: \.""-., 0,,, <;" ~. / : ,r-;:..\J /(\',_ \ ~""',D )~.P\A;'~\ \
Vilness#2:Yo~ '1.. ~(( ,( Il~ b"~~~'~i \1&oJ-u~
C _I. rlI If I \n),,,-"::'~ ~~c."~,er d,Kar, ,tJJjL" Veleeela
Signature: [.t m~ 1/((; ~. tlR( na~ '''J, : ,/ t:::'ji'
\ ~\ \ },/\" , ,I ~- I
'<1~ " Address: -"'i(f;6~/~~laehee Street
\1- " Na~8\""'/1"1orida 34114
", 0 >---_. //, \'''/
""" /, '1'" ""- -,,_.~--''-> ',,'
"'.... -Ur.. -.---\\"c./
',....<1 1.' L-~ C ' :_............
--.....-----
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county aforesaid to take
COUNTY OFCo\\ ...,
acknowledgements, personalty appeared Flavio E. & Martha L. Velecela to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledge:j before me that (He! she! they) executed the same for the purpose therein expressed.
WITNESS my hand and officiaJ seal in the Coonty and Slate aforesaid thisO- <6,"\" day ru '-U<\ I-., r
MyCommissionE>cpires: \:>\~\:'''l. \"'",c:~..... 1l' ~~~
\'" -\\ Nota~ ublic s Signature
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Notary's Pmted Name
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File#: 03-315