RMS v Gillespie, Verified Complaint to Foreclose HECM

8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM

1/40

5

th

IN

THE

CIRCUIT COURT OF

THE

JUDICIAL CIRCUIT IN

AND FOR

MARION COUNTY,

FLORIDA

CASE NO.

REVERSE MORTGAGE SOLUTIONS, INC.,

Plaintiff,

vs.

NEIL J GILLESPIE

AND

MARK GILLESPIE AS

CO-TRUSTEES

OF THE

GILLESPIE FAMILY

LIVING TRUST

AGREEMENT

DATED

FEBRUARY

10, 1997; OAK

RUN

HOMEOWNERS ASSOCIATION, INC.; UNITED

STATES OF AMERICA,

ON

BEHALF

OF THE

SECRETARY OF

HOUSING AND URBAN

DEVELOPMENT; ELIZABETH BAUERLE;

MARK

GILLESPIE;

NEIL J.

GILLESPIE;

DEVELOPMENT CONSTRUCTION

CORPORATION OF AMERICA; UNKNOWN

SPOUSE OF ELIZABETH BAUERLE;

UNKNOWN SPOUSE OF MARK GILLESPIE;

UNKNOWN

SPOUSE OF NEIL J. GILLESPIE;

UNKNOWN SETTLERSIBENEFICIARIES

OF

THE GILLESPIE FAMILY LIVING

TRUST

AGREEMENT DATED FEBRUARY

10,1997;

UNKNOWN TRUSTEES, SETTLERS

AND

BENEFICIARIES

OF UNKNOWN

SETTLERSIBENEFICIARIES OF

THE

GILLESPIE FAMILY LIVING

TRUST

AGREEMENT DATED FEBRUARY

10, 1997;

UNKNOWN

TENANT

IN POSSESSION 1 and

UNKNOWN TENANT IN POSSESSION 2

Defendants.

/

VERIFIED COMPLAINT TO

FORECLOSE

HOME EQUITY CONVERSION

MORTGAGE

Plaintiff,

REVERSE

MORTGAGE SOLUTIONS, INC., sues Defendants,

NEIL J

GILLESPIE AND MARK GILLESPIE AS CO-TRUSTEES OF THE GILLESPIE FAMILY

LIVING TRUST

AGREEMENT

DATED FEBRUARY

10,1997;

OAK

RUN

HOMEOWNERS

ASSOCIATION, INC.; UNITED STATES OF AMERICA, ON

BEHALF OF

THE

SECRETARY OF HOUSING AND

URBAN

DEVELOPMENT; ELIZABETH BAUERLE;

752670 12-02121-


2/40

MARK GILLESPIE; NEIL J. GILLESPIE; DEVELOPMENT CONSTRUCTION

CORPORATION OF AMERICA; UNKNOWN SPOUSE OF ELIZABETH BAUERLE;

UNKNOWN SPOUSE OF MARK. GILLESPIE; UNKNOWN SPOUSE OF NEIL J.

GILLESPIE; UNKNOWN SETTLERSIBENEFICIARIES OF

THE

GILLESPIE FAMILY

LIVING TRUST AGREEMENT DATED FEBRUARY 10, 1997; UNKNOWN TRUSTEES,

SETTLERS AND BENEFICIARIES OF UNKNOWN SETTLERSIBENEFICIARIES OF THE

GILLESPIE FAMILY LIVING TRUST AGREEMENT DATED FEBRUARY 10, 1997; and

UNKNOWN TENANT IN POSSESSION 1 and UNKNOWN TENANT IN POSSESSION 2

and alleges:

1. This is an in rem action to foreclose a REVERSE mortgage on real property in

Marion County, Florida, and pursuant to F.S. 26.012, this Court has jurisdiction of the subject

matter herein.

2. On June 5, 2008, PENELOPE M. GILLESPIE, INDIVIDUALLY AND AS CO

TRUSTEE AND NEIL J. GILLESPIE AND

MARK

GILLESPIE, CO-TRUSTEES executed and

delivered a Promissory Note to the Payee named thereon. On June 5, 2008, PENELOPE M.

GILLESPIE, INDIVIDUALLY AND AS CO-TRUSTEE AND NEIL J. GILLESPIE AND

MARK. GILLESPIE, CO-TRUSTEES executed and delivered a Mortgage securing payment of

said Note. The Mortgage was recorded on June 25, 2008, in Official Records Book 5057, at

page 1670, of the public records of Marion County, Florida, and mortgaged the property

identified in the Mortgage, then owned

by

and in possession of the Mortgagor, more fully

described as:

Lot(s) 1 Block G OAK RUN WOODSIDE TRACT, according to the Plat thereof

as recorded in Plat Book 2 at Page(s) 106 through 112, inclusive

of

the Public

Records

of

Marion County, Florida.

and commonly known as 8092 SW 115TH LOOP, OCALA, FL 34481. Copies

of

the Note and

Mortgage are attached as Exhibits A and B, respectively.

3. The described subject Mortgage was subsequently assigned to Plaintiff. Copies of

the relevant Assignments of Mortgage are attached as Composite Exhibit C.

4. Plaintiff is entitled to enforce the Note and Mortgage, pursuant to F.S. 673.3011,

as the owner and holder of an instrument.

5.

On or about September 16 2009 PENELOPE M. GILLESPIE died.

6. Pursuant to Paragraph 9(a)

of

the subject mortgage, lender may require immediate

payment in full if borrower dies and the property is not the principal residence of at least one

surviving borrower.

7.

The property is now owned by Defendants, NEIL J. GILLESPIE and MARK

GILLESPIE, individually and as co-trustees of THE GILLESPIE FAMILY LIVING TRUST

AGREEMENT DATED FEBRUARY 10,1997, and ELIZABETH BAUERLE.

752670 12-02121-2


3/40

8

Plaintiff declares the full amount payable under the Note and Mortgage to

e

due,

together with interest from Septenlber 16, 2009, late charges, advancements, and all costs

of

collection including, but not limited to, title search expense for ascertaining necessary parties to

this action and reasonable attom ey's fees. The principal balance due on the Note and Mortgage,

as

of

the date

of

default is $107,506.53.

9

Plaintiffis obligated to pay Plaintiff's attorneys a reasonable fee for their services.

10. All conditions precedent to the acceleration

of

the Note and to the foreclosure

of

the Mortgage have been met, complied with, and fulfilled prior to bringing the present

foreclosure action.

11 Defendant, ELIZABETH BAUERLE, is joined y virtue of any right, title or

interest said Defendant may claim as an heir at law or as a beneficiary

of

PENELOPE

GILLESPIE, Deceased or any interest in the subject real property y

or

through said deceased

person.

12. Defendant, NEIL

J

GILLESPIE, is joined y virtue

of

any right, title or interest

said Defendant may claim as an heir at law or as a beneficiary of PENELOPE GILLESPIE,

Deceased or any interest in the subject real property by or through said deceased person.

13

Defendant, MARK GILLESPIE, is joined

y

virtue

of


said Defendant may claim as an heir at law or as a beneficiary

of

PENELOPE GILLESPIE,

Deceased or any interest in the subject real property by or through said deceased person.

14 Defendant, NEIL J. GILLESPIE AND MARK GILLESPIE AS CO-TRUSTEES

OF THE GILLESPIE FAMILY LIVING TRUST AGREEMENT DATED FEBRUARY 10,1997,

individually and as trustee, are joined by virtue

of


of

said Defendant

may claim in the event that the trust is not valid. Said interest is subject, subordinate, and inferior

to the lien

of

the Mortgage held y Plaintiff.

15 Defendant, UNKNOWN SPOUSE OF NEIL

J

GILLESPIE, is joined y virtue of

any right, title

or

interest said Defendant may claim y virtue of marriage to Defendant, NEIL J.

GILLESPIE, and/or by virtue

of

joining in and executing the subject Mortgage. Said interest is

subject, subordinate, and inferior to the lien of the Mortgage held

y

Plaintiff.

16 Defendant, UNKNOWN SPOUSE OF ELIZABETH BAUERLE, is joined y

virtue

of

any right, title or interest said Defendant may claim by virtue

of

marriage to Defendant,

ELIZABETH BAUERLE, and/or y virtue

of

joining in and executing the subject Mortgage.

Said interest is subject, subordinate, and inferior to the lien of the Mortgage held y Plaintiff.

17 Defendant, UNKNOWN SPOUSE OF MARK GILLESPIE, is joined by virtue

of

any right, title

or

interest said Defendant may claim y virtue of marriage to Defendant, MARK

GILLESPIE, and/or y virtue

of

joining in and executing the subject Mortgage. Said interest is

subject, subordinate, and inferior to the lien of the Mortgage held y Plaintiff.

752670

12 02121 2


4/40

18. Defendants,

UNKNOWN

TEN NT IN POSSESSION 1 and UNKNOWN

TENANT N POSSESSION 2, are joined by virtue of any right, title or interest said Defendants

may claim as tenants in the property pursuant to a lease agreement, either written or oral. Said

interest is subject, subordinate, and inferior to

the

lien of the Mortgage held

by

Plaintiff.

19. Defendant, O K RUN HOMEOWNERS ASSOCIATION, INC., is joined by

virtue of any right, title

or

interest said Defendant

may

claim

under

F.S.

7.18.116

and/or

720.3085 or pursuant to the association's declaration or other covenants.

20. Defendant, DEVELOPMENT & CONSTRUCTION CORPORATION OF

AMERICA, is

joined by

virtue of any right, title or interest said Defendant may claim under the

lien dated June 23, 2011, and recorded

on

June 23, 2011, in Official Records Book 5534, at page

772, of at Instrument No. 06/23/2011 in the public records of Marion County, Florida, in the

original amount

of

$2,587.06. Said interest is subject, subordinate, and inferior to the lien of the

Mortgage held by Plaintiff

21. Defendant, UNITED STATES OF AMERICA, ON BEHALF OF THE

SECRETARY OF HOUSING AND URBAN DEVELOPMENT, is joined by virtue of any right,

title or interest said Defendant

may

claim pursuant to the Mortgage dated June 5, 2008, and

recorded on June 25, 2008, in Official Records

Book

5057, at page 1683,

of the

public records

of

Marion County, Florida, in the original amount of $198,000.00. Said mortgage lien interest is

junior, subject, subordinate, and inferior to the lien

of

the Mortgage held

by

Plaintiff:

22. In addition to all named Defendants, THE

UNKNOWN

TRUSTEES, SETTLERS

AND BENEFICIARIES or other parties claiming an interest in the subject property by, through,

under, or against UNKNOWN SETTLERS/BENEFICIARIES OF

THE

GILLESPIE FAMILY

LIVING TRUST

GREEMENT

DATED FEBRUARY 10, 1997, are joined as defendants

herein. The claims of any of said parties are subject, subordinate, and inferior to the interest of

Plaintiffs Mortgage.

23. The Mortgage of the Plaintiff is a lien superior in dignity to the right, title, claim

of

lien or interest of all the Defendants, known

or

unknown, in this case, or any of them.

WHEREFORE, Plaintiff requests this Honorable Court grant

judgment

in its favor as

follows:

a.

Take jurisdiction of the parties hereto and of the subject matter hereof;

b. Order that the lien of Plaintiff's Mortgage is a valid first lien on the Property described

and is superior to any lien

of

record;

c.

Order foreclosure of the Mortgage, and that all Defendants. named herein, their estates,

and all persons claiming under or against them since the filing of the Notice of Lis

Pendens, be foreclosed;

d. Detennine the amount due Plaintiffunder the Note and Mortgage sued upon herein;

e. Order that if said sum due Plaintiff is not paid

in

full wi thin the time set by this Court, the

Property be sold

by

Order

of

this Court to satisfy

Plaintiff

s claims;

752670

12 02121


5/40

f.

Order delivery and possession of

the

real property

to the

Purchaser, who shall

be

responsible for condominium and/or homeowner association assessments and other

charges

in

accordancewithFloridaStatutes

718.116and720.3085,respectivelyand

upon proof of the denland or refusal of any Defendantto vacate and surrender such

possession,andtheclerkbe directedtoissueawritof possessionwithout furtherorder of

thisCourt;

g. Retainjurisdictionof

thiscauseand the partiesheretoto detennine Plaintiff'sentitlement

toadeficiencyjudgment and

the

amountthereof;unlessany Defendantpersonallyliable

shall have been discharged from liability under the subject Note pursuant to the

provisionsof

the

Bankruptcy

Code

11.U.S.C. 101,et.seq.;

and

h.

Grantsuchother andfurtherrelief asappearsjust andequitable

under the

circumstances.

DATEDthis

c ,.

,nc!

whether01

Dot

.CCJ1IfCI i n ~

II"

been iDelvdcd nthepriocipaJ

.Iance

of

UUI No

ftotwithmncLinlaaythina Lo

the

wncruy

In

rnanphs 2

or

,

of

WI Notlor &II)' AUonie to ttl

Nole.

BY

SIONrNO

BeLOW. BOmJwcraccrpllInd.pea to

the

lermlud oovauntl t i A e d ..

thls

Nole.

DI'ed:

~ 2 ~

Pmclepc M.

CIUapl.


10/40

ADJUSTABLE RATE SECOND NOTE

(HOME EQUITY CONVERSION)

~ T E O F F L

June OS, 1008

FHA Cu. Ngmber: OJI-U05741J951..l55

fROPERTY ADDRESS

Loin

Nvmber: 39JOO

80'% SW 11SUI Loop

Ocala, FL 34481

1.

D FlNmONS

-IJorrowcr" mean.

e-=b

pcr1Qft lianinl at

Ibo

G I

oC

thb Note

~ . . . or -Lender" en. . . . 'he e ~ of

HOUIu\Slnd

Urban Development or bb or

her

luthorize4 repruea18thct.

1. BORROWER'S

PROMlSZTO

PAYi INTEREST

'10 tel1UlJ fo, amount5 to bt IdvlneM

by

Lcndct' up to . maxinnam priKjpalamouzal or OAe

auadred

Nlaety-El&h&

Thounnd s

oonoo

DoIkn

(Sl,

OOO.OO),

to

OJ for

tbe

badil

or

Borrower 1IDda-

tho

IIrmI

aC. Home Equity

CORYCRicn Loan ~ u t d.1 'd JUDe

05,

008

ru-

AIrecmaICj, 'Do,""""

pronU_

tg

pay

to

tbe

ardor or

Lender

a principal amount

equal

\0 lb' f\In\ or

aU LoIn

AclVllDCCl mIde and

abo Loa

Apoana\I with i n ~ All

lmoUOtJ ad'\lw:ed

by Lender, phil

ioteme. ,f'ngt paid 0Il1itr,

l i t duo

and

y.bJc Oft

OclOlfa- zt,1OIO. lnttntl

will

be ~ h l r a D d

Dn

Uf1PJld

principal

It Chc rate of Thne ."d ' ' '100 perceol (3.660 ) per year

wnrl 1M

1\IU

.mount o(

principal

hu

be=

paid. Tho

i n ~ l l 1 l l e

may

dlaQilm

accordanaB

wich

,

of

mis

Hoc.

At

010

Uld

or

UGh

monlh, acaued iJJtetat ahall

bo added

U) aad

made

pet of Ihe ~ i p l l

bltan" u

Lolli AdVlQGC IZ1d Iba1I lilu:wiso

tMreaOcr bear incercst.

3. PROMJSE TO PAY SECURED

Donvwd' promiK

'0

p.y q by lROJ"CII.8'

deed

of

INII or

.imllar ,.writ)' iN1:nuDalt

that i. dued ~

-rna

IS Ibis Note and

e a I ~

the

wStcurity

lutrwnaIt- or the -Seooad Security lftS&nm1gl

tt

na. Seowity lnsttumenl

proteeU che Leader Itom

loua

which

ml.bt result if Borrower dafauJ1l

nder IhiI

Nor.e. Borrower.1so e x O Q a ~ I

Fir$l

Security

t l l J t N m ~

&lid

First

Nolo whca the Sctond SlC&.Irit)' lnIln&mD'Gt and

tbi.I

NolO were "OW1I


11/40

. ...:

(D)

[Jnlits

OG

Illcu. Rale Chanl"

....a1: The izscaul

1'1.

wiD

Myar tnONUO or ...... by . . . daIn 1WV pGt:Cl1tq. pom'"

(2.0K)aD U1 lnKle Cban&t

D'Ie.

Tbehi " '"

will

De.: bemore ~ Ii.,.pelCC8ra,.

pointl

("em>

JUpar

Ol:lowtr lbID

Ch.icidaLbuast

wC,1tItIId

Ia

ran.,apb

2 of1bi' No

..

-A..

MafJIly: n. iDtwn:ltraco will Mvet lacruae

aboYw

13."0%.

(E) Natlw or

o-au

LcDdcr

wjlJ

Ibc aoci

10Borrowwof8ll1 dlul.1n

&he lalc:A:lClaID. Tbo

DOIiGtIII\IIt ho

P"'"

II leNt 15da)'l

beron

Ute nrtW

nr. Clka

effect. IIIdbJUlL.. bth

(I)

the

cia

.. or

the

.... (if) dieQIII1p DIIo. (lU)11M old

me,

(ho) tt.

IItW

_ (y) the eun'tDt IIId IhedaM It wu pub&llbed, (vi)

UtI

Jll8Claocl of caIwIadJlllbo

Wnal uti,

cr (W) ID)'ok 1Df0000UOJI

-hJCh

_ y be, .1R4 byI.w from_ to

tia.c.

(P') EUtc.&h.D.. . orcu.,..

A newiftWWC

Rtz

caIGuJaIecl

in

ItC01'daDoewllh a n ~ 5(C)IDd

S(D)

of

Ihi.Nomwill beco

..

on

the

OJaall

D-.

IIDlcu

e-p

0

... 0GCIn IeIIIhIa

2$ da)"

after

Leader bu

ak'e

che

NqIIIred noricI. If

the

il1lclUc

,.ta caloulaloclla

Icc.ont.:e wiIh S(C)_ S(D)o(lhi. HOlD - - - c d , burLaeSa'faJlod

to

If

litnctyDOdce ot1h.

dccr.t. aDd 1ppIitcI.

hiPcr

rateIbn

Cbe nICe

wJllcIa

IbcNJdbIYtbleDIWICI fD time!)'DOdcI.

lJIap

t.e4d

...1htJ1realc:uJarc

lito

pricacipalbtJaac:e

C).1Id

undIr thiI

Na

10 .1

DOt

nO a 1n1

in. . . . .

6. BORROWIR'SRlGBTTOrUPAY

A BomNlJ'

rccMDa

mo..cbty ~ UDder the ~

Apczrae

b . CbI rtlbtIa paJ lbI debtwicJenccdby ddt

Nole,

in

who"

or

Iu

pan.

wlduJul

or

JXNl1.

rty

amounI

of

dok

prepIid

will firIt

bl.applild

&0

nella

lb.

prin.1

ballnGeordli. Notalid theato

NduC4l

die

pIAaQpa]

hLllDoeof&be ~ NoM.

AllpreparmeDtiGrtbepdddpal

b.1Anco

IhaIIbe'pplied

by

Lc.Ddcru

fv1Jowl:

lim Lo

lIlu

portlo.uollbop r i l l ~ i p a J

belmcc,...eDdQlqFll to peymeDti

formonca" promiumsi

10

IMl

portiono((k pz=tpaJ

bt1lDce

lCJJR'"DtUJiIARPCopaymull far

ICIYkiDc

feer.

IlUnit

to

chalportiOAof

ha

priDcipal b l l ~ Rpraendn,lCmUNtiDCenIl

eM

UIUlct

dl&

NOlI,

ad

lmmb.

Ia Ill,

r=aahaJhI portlaaof tbI

priDcipal

b&IaDce.

A

BoaoWll'DIY

wbtIbar

IRP')'DICI)l blOb'

QUled

to

dual

poIdaa

or

pdDOipal

.....

rIpftICIItiaa

ftSOGdd)'

,.)'11* 1- tU

UDe of

Clldlt.

ltBOhOWIr

doa

IJOt4e.riant1Cwblcbpottiodof die

priDoipalbllaDoe

II10 beprepltd,

thad

.ppl1lfty

pdaI

10..

c:li.ril1lJiM ofcadit

or

i DOWliu.9f CRdh.

1.

IMMEDIATEPA'YMurr IN

FULL

(A)

Dutb

or Sal,

Lendu ral' Ret-- imnledialD

")'IDCIIlt

lq t\aLl ofallDUzstanclLo,

principaJ

....

ucruecllllterelt

(I) A

Bonowcrdi.

IPd IbI Property

Is

QO(

Ihct

,riacip.1

raktaocc

or

I

ODe

MViYia&

Borrow;

OC

(li) Allor. BOIft.... dd, Jza

Ih8

PIopc:ny

Cor ~ orher_fIoial ba t Ina

Wit o n l q

allor

ut

Propc:rf) II

lOki

CIT

odIanYi. nufcmd ocher 8CInvwc .w (.) ddo

ID

&be

Prupcnf

iQ fM

fiq11e (b) lease.bold

mtdIr. ~

Jot, - ~

9P )'l1li

whic a

. . . . .

blt

or. lcue

blvIPl

remahsi. . . period

of DO' leu

Iban 0 yeaI

. . . . dill or 1M lOOdt

birthday or

the

YOUDIQt

Bonvwer

(or

bt=1i;W

IDtnlt

in I triac

with

IUGh1ft . . . . iIa die PIvpeny ,

or

(0) nr.

ClIm

IIIthe

PIopcrty.

(8) Odacr

Gnglldl

~ d c a

m.y lequire i.rmDediaII pqmcat

ia

ftdI

of

all ~ pdIIGipIJad eacnaod iDtaoIC,upOR IpproYa1bylID

.lIIhotUcclrtpz'UMtlUWofthc

SlCNIIfY if:

(I) 11M Propeltt

to b' tbo pnnolpaJ

a id

of

Borrow.

lor

oCbor

thin death .ad

'abe

PIoP"'Y

I.

noc dteprinoipal

oratJeut

OM 9&hr80n'0wa;

(iI)

For.

pmod or

10. tvtoelYe

(12) c o a e u d ~ . moOCh.,

I

IIonvwII'

&ill to ~ y

OCCRIpJ

1he

Propc1J

of

pbyIJoal CIT ftDIcal11m- lAd cbtPtoplrtTy

DOt

....

principii

_Ideace o/al

. . . .

OM

0Cber

BCPD'OWel;or

.

(C) rayareJU

or

C.JQaDd

EJp,u.

lr Lenderhal req\dnd fmmedi,,- pl.'YlDcut in ftalJ,

u

dcacribott.bow,

dI'

dobt .fbIced

INouPsale 01&be PJvpe;rty

may lnchade

c:oI1I

andc:xpoaIeI. mctudaa,

~ c IIId QUItomar)' tDurM)'I'

eta...

ocill1lDcf

wi&ltenlorc:amcanor

Noc..

Sucla

fees ad GOlf tball ba r

tlden:st

&om

at dJsbur1c;Dal at IIlIII

rUt

u the priD,1pIIof Ihia

N ~ 1 J J ~

~


12/40

0 )

Trull.

eony.,.co vt. Bonvwor'.

in 10

da, PrvpezV O

eru.t

wbfell ile ,equhwneftl8 of 1M SccnCary, or

cotM)'lnce

of.

InIItI in n

the

Prapeny

to

I Bonowv.

IhaJI noc be

CODIfdnd

oa1m,yIaoe b paI l*CI

of

this

Pmpaph. A

IIUIC

WU

not

1M

oonsiden=d an occupant

Ol

be

IS

iaYt

prilJalpal

reIidcnce

ror

P U l P ~ U

of lhiI

'1I'Ipph.

8. WAIVERS

Borrower

WI '

rbt n hll ofpratallDeni md nodoo

or

dllhoD.. ~ e m r maanr the ri J\t

10

require tMuSor 10

demand p.ynMAI or AmO..a due. "NoUce of dishonor" meant

die

nPt 10 requiN Lander

II)

liYo uoclce 10 other

pa10D1 IMlll1lOUdta Iv. . .... DOC beea pahl.

9. GMNG OF

NO'nCU

Unress appllcablo IIw I dlfrrnn&

nlhod. MY

DO iGo lhal

nRIIlI

be aJvc to 'Borrower under Ihll No o

will

be

81ven by

ddli\'lrinllt

or by l l l l iUq It by ana ella iDaillO Bonowcr

11111_

pIVpCIty fCIdrog abow or aJ

I

dJtrenna

addrm if

Bcrrower

ha Klvcn Uw Sacnna:y

I

DOdge ofBonvwa'l dUfenUi addrca.

Any nolkcl 'hll mmt b,.lven 0 the

Socncary undor hlt

NotG

wiU

be alwn

by

om

oj

11

co

Iha SUD Pi.1eI

Office

wiLh

jurisdlcUDIl d1e Pnapeny ot 1n1 other

IddraI cSulpced

by

the

S I ~

10.

o

DlJCA

nONS

OP

PERSONS

UNDER THIS

NOTE

I( more

ChIn one

pmon l p l\Js Note., eaah pelIOn II

ftaJly o ~ t p l l l d 10 keep

aU

of cho

pronsi_

m.de In

tNt Norc.

Lond.r

rna)' anrorce ,..

fChCl

under thb

Noco

uly Ihroup

Ill.

otdae Ptapcny.

II.

R1UnONSRIPTOBDtSTNOTB

(A) Sttond Note

DeC&lllO Bonowor will bel raqulrod 10 .,1111OUn11 wAllch dI' 11&1)' mab

r6 Of em

behl of Bonowu

pwlulllllo Sec;rjQa 235(r)(lXA) of die

N,doIwJ

HoUlin. Ace NJd the

LoIn

ApaDoar.1be Secrorlry

....

Borrower

\0 P'W

thla Note

to

the

Sacrolll)'.

(8) Rel.Uoublp of Sccretl'1

r.p'eat. to

nr Not.

P . y m ~ t I

m

by

the

s.cr.cary

IhalA

bo included In tit. dobf due uncIDr tWa Note

UDleM;

(i) The Notl Ullpcd

CO

Iho Soc:nwy; o'r

(ii) lb' ~ , cpl l n1Jmbuncmonu by

the

Lender

(Of all plyYMnb,ndo by the

~

l(tho clrQllNtl, ,* daeribcd

ta

(0 or (U)

occur,

lhtsa 11

pl1IIJCI1t1

mad-

y

lb.

StQCtary, inotudina

. . . . . , on 'ho

) 1 M 4 t ~

hlil

be

inohlded

In

tbt

dtbl

undw

the

Iltm

NOIe.

(C) Netllce .II"tqout.1UI. AdJuUlfttati

Borrower l1l*I hat U 100111 me

holder

or lbt Pim

Note CDnrtDOCl

to make

Loan

IUiVInCCll,

1111 nodeo of

fnLIfU1

rile

adjultrurt siya 10 Bonvwer UDder Pan.pph

S(B)'

0( the Plm NOCIr lhall

.110

be oorllJdClled be aotfce 10

Bonower

WldCf

r.rapaph

'


13/40

(D) Tru,ts.

Conwylncc or BOlfOW' in lilt

P r o ~ r t y

to l lwt wbJdw rnccU &he reqwremeall or

Ihc

Seadll)', or

COf\veyance

of.

tJ'UtI'I inlerutl in

thtt Propctt)'

to.

Bonower,

1b J1 1'01 ba t O l l l i d e ~

c:onveylACO for

pwpolcS or

this

P1n8Jlph. A

IrUSt

.halt

not be t O R J i d ~ d

In occupuc or be ~ a l i c l e r e d

bevil2l

principii re.sldence ror

P \ l J 1 I ~

or

Ihi. P"'lrJph.

I. WAIVERS

BorrowCl' wa;

va

1M riahU' or r o I a n l m ~ t

and

notice of dishonor. l l P m ~ r a c n c

meant

he ripa to require Lender (0

de.fT1a.nd p'ymenl

of

lmOun" due.

IINociec

or dishonor" rneaM he nlhl

10 Rq".-e Lender

to

Ii .

nolicc

10

other

pmons lhallmcwntl duo hJvc n o I l t e ~ plid.

t. GIVING

OF NOTICES

Unlw appliub\a gw A:qUircs I ditrcrcnl method, any notic=c lhal m\ It bG SivQI 10 Bonvwer under Ihis Noeo

will

be

liven b) delivcrinl

it or by

mailin. Uby

ftnl

clIO mail 10

Donuwcr

IC

tho

proporty IddRa

. b o ~

OJ It

I differenl

,ddrels

if

BonoMr

has

&ivan dli

S=clary

notice orBorrow.

difrltlftl addm..

Any n o d ~ e

Iblt

musl bo I;ven ro Iho Secrottry

under Ihis

Note

win

bl ,i.on by

firtt

etas mail to HUD Pield Office

with

j u r i s d i ~ t i o n over 1M Prvpcl1y

or

In)'

o l h ~ r

address

design.lod by

the Socro..-y.

10.

ODUCATrONS OF

PERSONS UNDER

THIS NOn

If more

than

person

sip. U,ia NOCt,

eaeb

pcrlon

i

nail)' ablil,ted to kRp III

promiSOJ made in

lhj. Note.

~ . f t 6 e r

mly

enfofco ill rlahtl under

rt\1s

Note only

thrDuSh

I I I ~

orthe

Property.

1

J. RELATIONSHIP

TO

FIRST NOTE

(A) SceNeS

Nore

'6cClUJC Borrower will b. required

to

replY

.tnCMll which

lbc ~ y may make 10 or

on

behalf

or

o n o w ~

jn1J1U1nl to

~ i o n ~ S ( j X l ) ( A ) or

the N.rion.' HO\IIinl .nd the Loan Agreementhe

Semc.y

"U

~ i r c d

Borrower'o arent.hi, Not. Co

lhe Secl'ellry.

(8) ReJatlon'hlp 01 Seeretlry P.,menr .

10

Flnl

Note

.

r. ymCllI. mlde by

S c ~ N r y shall be

Inc ludcd

the due under Chi,

Note

unlcu:

(i)

The F r11 Hole

il

,iped tD Ihe Scc:nt&T)'; OJ

Oi}

Thll

Secrelll)' ICccpl!

rclmbunC:lMOlJ

by IhE

Londlr

ror .11 plymmu raade

by

S ~ f e C I f ) .

It In:

circ:umllaDOa deccn"bccf in

(i) Of (ii) OCCUI. !hen

.U paymcoll

mid.

by

the

SecRlary,

inclvdina

jnlerNl

on the:

paytnenu,lhIl1

be

; 1 I ~ l u d e d

14 Ole

debt

under the

Pint Nole.

(C) No'lc, or InCfrul Allo

A.,..llIMat,

BoCfOWOl' IlrwI

h I

u Ionl tho holder

or

First NOle

continues 10 make

Loan

Adv&nCC'.

any nollce

of

Inlerctl

t l r ~ IdJuslmCnl liven to Bonowtr Pmpapb '00 of tho Fi

NoCD lball also b. J d e r e d 10

be

'POllee 10

Borrower under Parapsph

'(El or chill

Note. 10 Ihal the _ irUm1l rue shin .ppty for the

Fial

Not,

.nd

\his

Nola.

-'f

BV SlGNfNO

BELOW,

Borrower Iccepts -ad IzreeI

10

th8le:trm ud COVC1Wlll cantlined h,thb NOlo.

OIlc4: ~

:2.Q:)8

r.nc!ope

M.

GUJapl.

Pcadopc M. Clne.plc. Trvllrc


14/40

::-..

10

. . . . ~

A

Lt'56"i

0 ~ - v ~ t

. ------

-

-.....-- - - ~ -

---_.:._-

-----

- - ~

DAVI>

R.

ELLSPERMANN, ClERK : ~ I M o C O L N T Y

ReceIVing Requested

by &

DATE:

0612512008 12:55:34 PM

When

Reoorded

Retum To:

FILE 2008065289

OR

BK 05057 PGS 1670-1882

US Recordings.

Inc.

2925 Country Drive Ste 201

RECORDING

FEE8112.G1

St. Peul.

MN 55117 2...J"I'!.l.

MORT

DOC

TAX

693.00

~ ~ r t i .

INTANG TAX

396.00

uberty

Rcvse

MortP !DC.

10951

White Root

Road. Saito 200

RJutcho

Cordova, 95670

FIlA Cuo

NumbeI':

091-4405741"5%-255

39100

State olJi'lorida ADJUSTABLE

RATE

J

HQMB

EQUITY

COlfVBR8ION MOR.TGAGE

_AM '''''1J.t.t

.

1HIS MORTGAGB

("Security

is

givaa

on

J

os

2088. 'l'be JdOttpgor ill

Pea

.... .M. Nell. .

GIllespie and Mark

GlDllpIe,.

Co-TruateelorneGllelpit. . . .Uy Lhinl Trait A:ne-.t

elated

WebnaarJ 10, U91.

whoae address

is

80'2 SW

115th Loop. Ocall, IlL

34481

B ~ .

ThiI SoaJrlty IJudramcat is

aivca to LIbert)' Ref

. . . .

Mortpge, 1Ilc:.,

which

is

0IpI1ized

aDd existiDa

1IDder

tho laM of1bI1tD of

CalIfonll, aDd

"bo8e address

ill0J5l

WbICe

Rock Road, Saite

200,

RaJaclao

C o n l ~ Y I I

CA ' ("Laldcr").

Bonower hu agNed

to

tepay to

[ADder amouatl

which

Leader

is obJigatai

to IClvauce, mcludmg tbture advInceI.

WIder

tho

termI

of Home Bqui1J CoDwnion

LoIIl Agreemenl

dated

the IIIl1C date

as

Ibis Secmity IDstrument C'LoaD

11loapemmt

10 repaJ is evidaDccd by Bonvwen

dated

tho same date II hfI

Seourity

lDItnImeot (-Note'?- TbiI Security

IDatnJmeat

IeCureI to

Leader:

tho

ftIImymcat of

the debI

evidoIlced by tho

Noe,

with interut at a rate subject 10 adjustmaI, and II

ftDOWIlI.

aIIaIioaI 8Dd modIfieatioas of

the

Note,

up

to

amaximum principal amount ODe Bwadnd

NlaetJ-I'.IPt

no.aad aud OQfIOO Dollars (SUI,OOO.OO);

(b)

the pa)'DleDI

of

all other sums,

with

iDIrRst, advInccd 1IDder

Plrapph 5 to

protIot tho IICtUity

ofthis Security

II1sIrumeDt or odIarwiIe due

uoder tho

tczms oftbisSecuri1y

IDICI'UInCat;

ud

(c) tho petformace ofBOJrCIWCI'. covenants

and

aareemeats

UDder tbis Security

IaatnJmcllt aud the

Note. 1'h8

ftJ1l

debt,

includinl

aDamouatI

dacribed ill

(a),

(b),

IIIJd

(e) above,

lfaot

paid

eBJtier

,

is

due

IUd

payable

00

October 29, ZOIO.

For this

pulp08O, Borrower doeI

baby marrpp.

pu t

IDd

coDVey to

Leada-,

the followiog

described ptopa1y

located ill Madoa

CoUDf.Florida:

The real property located

at

the

8092

SW 1l5da ~ i .

0uJa. rL

34481, in tho

County

of MarIeJa. Itate

of

n.

described more

tully

on P.xhibit.

A attached to dall

Mortgago.

TOGBTHER WITH

all the improvementS DOW

or heRatbrr

meted

011

dle

propRt)'.

aDd

all alICIDeDU ri.... appurteDaDc:ea, and

ftxbIreI DOW or hendm'a partof

the

FOpctty.

AD

rcp1lcemaols . . . . additioDJ abaJl

alao

be

covorad by

ddt Socur1ty 1Da1nmeat.

All of the fcR&oinI iI Nferred

to

in Security JDsIl'orlumt

as the

"PRJpeny

BORROWER. COVBNANTS that

Bomrwer illawfuUy .eiaod

ofthc estate

hereby

oooveyed and bas tI riPt to mortgapa

Jt1Ilt

and

conYfIY the Property IDd that tho' Pxcperty is uaeDCU111bcre4 Borrowar W8D1I1It8 IDd wiD defeDd pucnJ.ly

tho

lido

10

the

Property apinst all c1atma a D d ~ , nbject to &1l)'

GIlCWJlbraDoaI

of reoozd.

1HIS

SBCU1UTY

INSTRUMBNT

combines uniform

COwmDtl

for

nadoIIIl

U8I

and norHlDifbtm coVODlllll

wiCh

liDDled

varialioDl

by

jurisdictiOD to constitute. uaifana

lecurity

iuCnlmaat oovario& real property.

UNIFORM COVENANTS. Bomnvcr aDd

Lender

00\'0IUI.Qt and p o U foUowl:

L r mpst

'7 7rJ J

{ ~

Book5057/Page1670

CFN#2008065289

Page 1 of 13


15/40

2.

P8JDInt of

Propel't)'

ClaaIJCI.

Bqnowor

shall pay

all

plOpldy

dJarpI

CODIiItfaI of

1BxeI,

arouad

nol l ,

ftood

aad hazard

lllSUllnCO s ~ Ad apecla1l1S1e1tmeJlt1 ill & timely DIIIDIleI', ad

IIIaII

pruYide evideDco ofpaymeDt tD LondDr

t

uuJess Lender pays

proparty cIIarps

by

wlthboklina

fbadllvm DDJlhly paymeJIfI

due

CO the

Bouuwer or

by

cI1argina

lOCh

J)IYDlC2llti

to

alma

of

CRCIit provided for in die Loa

3. Jllre,

Flood

ad Otber IIaard 1nIuruee. Bonowct IbaII iuure aU improveraeaCl

OD

tho P operty9

wIaotber

DOW

III

exisklJce or sublequeotly

erected.

apinst say hazards. casualtieI, aDd contilprJcies.

iDclJldiDa

firo. 11aiI

insurance

Ihall be

malaCaiDed iD tbe IDlOUDII, to

the I DdonI IDd

fbt

the periods

requlntd by lADder

or

the

Secnary of

HousiDa and Uzban

DeveIopmeDt ("SecretIr)"'). Bonowar shall also iGIuro aU on

the

Propedy. whelher DOW

in

eDteace or

lUbsequeDtly erected. apiDBt loa

by

floodl to

tbe

aImt requImcl by

tbI

Stadmy.

AU

iDIunaoo

lbaD

be carried widl

compIDfCI approved

by LaDder.

tho

insaAnce poltciellDd flO reoewaIIlball be heldby Lendor and

IhaIl

hlclude loBI payable

CJaDleS

fa

favor ot and ill fonD ac;ceptahlo to.

Lader.

In 1ho CMm1

of

loa,

BoJrower

shaD liveLender Immediate notice

by

maiL Lender IDI)'

mate

proofofloa

i t

DOC made promptly

by Boaower. Bach faIuranco COIDJ*1Y COJlCemed is hereby

aud10dzed

aDd didcted to maD paymeat for

lOCh

1011 to Leudot,

lostead

otto Borrowar au4 Leaderjointly. ImruraDoo

plOCCDdIlhaIl be applied

to ratarltioa orNpIir

of dae damaaed Property.

if

the restoration

or n:pair i. ecooomically MIlblc cd Leoden

IOCUrit1

iI

DOt

1eaeIled.. If ho mtoratiOIl or JqJIir is DOl

ocoDomica1ly feasible

or Ltmder'8

_mity

woukl

be _ , I b o iIIIuraucoprocooclIlhaIl be appJJecl firIt to the reducdaD of auy

iDdebtedaea

un=- 8

SecoDd Note and

Second

Security

1DIbmneat

held

by

the

SICIeIIIy GIl

Ibe Proper1 IIUI

then

10

the

reduction of be

iDdebtednca UDder'

tho Note

IJId

thta' 8ecartry liastrumeDL Any

6UII I

iDIanmce

pzooeeda

0VDt an amount

required

to pay

all

outlbmdina

indebtedness under

the Nom and Ibi. Security

lDIb"umeDt sbafl

be paid to the eudcy legally

eatitlcd tbcreto.

In

tho

eveatofforcclosum oftbia Security lDstrumeot

or

other trablftz of titlo

10

Ihe

Property that axtiqui&bcs tho iDdebtedDcu,

all right.

tide

aDd

iDtenit

oCBorrower in aDd

to

iDsuraDce po1IcJes ill force IbatlPili

to

dae

purohuer.

4.

Occupaaq,

PrelerYadoa, Mablteaaace

aDd

Protectioa or

the PnpatJ;

Blrro .

LoaD Applieatloa; Leaseholds.

Borrower 11

ocoupy,

estabUsb, IDd UBI tho

Property

Boaw

r ~

R:Ildeace after the axecudcm or tbiI Seemity

Instrumeat adBonvwer(or at

JeutoDe

Darro fiDltially moro tJJan one

pcaaa

l ie 8omJwII1) IDd sbalI

continuo

to occupy

the

Property

u Sorruwor'I pdDcipal rostdenco

for

tho term otthe Security

IDsInImeat.

"PrinoipalhJlicleDoe

'l

IbalI

havo

th, nme

DleaalDg u ill dJo LoaD AaR-n0Dt.

Borrower ahaU not commit wutc

or

daJna o

or IUbstIntWIy chmIe

tho Property

or allow tho Property

10

deteriorate.

reasonable wear mel

tar

excepmd.

Boirower

IhaIl alia

be ia dafa1t i t

Bormwer.

duriDa

the

loaD ~ c a t i o n procea.

save

materiaUy

talse or

inaccmrate

hdbrmation or ItBtcmeI11I to

(or.failed

to provido Leuder wirh IDy

material inf'oanItion)

in

connection with

the Loan

CJYideacad. by

tho Note,

iDctadiD& i o U m i ~ to. repreIODbIdODl

concemin

occupancy

of the

Property u

prlDoipal

roIideaoe.

Ittbil

SeourJt,

'Js oIllleue&old. Bonower IhaJl comply wJth tho proviliodl

of tho le8se. IfBozrower

acquila

reo titJc

10 tho Property, the

buchold

IUd

me lido lbaIlaolbemerpdam- Leaderagms

to

morpr in

wrltiJla.

5.

CharI.

to

Borrower aad Protection of

Leader'.

IUgfaCi III

d e Pni-tJ.

BomJwec

shaD pq .n IOverDllleldal or

municipal cbarges.

f in.

and

imporddoaa

dtat

are DOt

fIduded

ill

PI

2. Borrower IhaIl pay tbeIe obHptfoaI

011

time

directly

to

the eatil;y wl1Jcb is owed 1bc pa)'IDGDL Iflalhn to PIo)' woulclldverJolT

a&ot

Leaden io the

PJoperty,

apoa

Leader's nquost Borrower 8haI1 promplly

tbmfsh

10 LeDder recoipII erideaciDa theIe pqmeaIL Bonower aba1l PfOIDPIJy

dfscbarp any Uca which has pdority

crrcr

this

Secarity InstnImeot

in tbe maaacr pIO'Iidecl hi 12(0).

If Borrower failI to

make

tbese

payma1I8 or

tile

p Operr, abaJpI requited by paragnpb 2. or it. to pafonn

80)'

oIber

COWD8Iltl

lind apeemcnfB

cemlaloed

ill

thiI 8eourity

1DsCnsmont..

or

there iI

Jep1

p r ~

that may 8ipifioant y

affect

LcDdCl" rigbas ill Ihe Property (such

roceed11111D btDbupccy, for condmmadaD or to eafolw 1awI or repIadous). tbeD

Lender

may

do aud pay wbatea' fa neceaary O protect the VI1ue of1be Property II1d

LeDden

rights in Ibo PIoporty. including

payment otaxes, hazard

iusurIDce

and

odlor

items

lDendcmed III Parappb 2.

F L ~ A t o t t

Pap/)

?7J.)

~ M

Book5057/Page1671

CFN 2008065289

Page 2

of

13


16/40

To protect Leoder's security III

tile

Pro,erty,l

La* IbaIlI4vaDce ad

dJup

to

Bmrower alllII10UDfI

duo to

Cb SocmIry for

the

Mortgage IuurlllCO

PR:miam

('-.un

u

dotIDed

fa 1110 Loa Asreemeat

well . .

all

8IIDII due

10

1he

loaa aervf_ for

scrrioinl

acd?itfca ("Servicing Peo,

II

QsfiQed In die

tau Aarecmc Any

amoutdl

cII__

byLcDdar wuIor tbll

PIrapph

are

obliaa1OJY

locl

shaD

become

-

adJftloDal

debr

ofBonower

u

plOVidod

for

ill tbo

Loan

Apeeaat

ad

IbaD be

RCUNd

by

this

Seewity lJlstrument. .

6.

wpeclioL

Leader

or itI apat It'll)' eater on.

iaapect or make IpJnisab

of

ho Property in

reaonablc maaner and

I t

n:asoaable times

provided that

Leader

sbaI1 pyo

tbo

Boaower nodce prior to

any

iupectJon or

appra1lal tpeei(yJna pwpoee

for

the

lDspecdOD or

appzaiIaI

whieh 1JlUIt

be IWlaIed

to Leoder'I

iDlInIt in the Property.

If

the

Pmpsty

18

V8CIOt or

abaDdol1ed

or t 10ID ;

in detauki Loader

may cake aetioI1

to pJQlect

and preserve

_ V8C8ftt

or

abaDdoDed

Property

wid10ut

DOticc to tho Bonvwor

. 7.

CoJldemaatJolIe

Tho proceeds

cf DY

ftlIrd or claim

for

damages.

direct X _

fa coaaection with any

coodemDatiOll w:

other takiDa

or8Iiy

part.

of the P r o p e r t y ~ or :fOr 00DVe)'ID0e inp1aQe of cmdflDlMltian Iba1l be paid cO LeGdcr.

The proaoeds

sball

be eppIiocI fInJt to 60 Rducdoa of

any iDdobIecfDeu

lIDdcr

Secaad

Note

ad Secoad Security1nIInmJeat

hold

by 1ho Seerotary On tho

Property,

and eben to the reduction of

tho

iDdebtedDess undarthe Note and 1bis

ScGurlty

IiCl1Ullent.

Any axcea

proceeds over aD

amcnmt

teqUin:cl1O pay

III

outIIIDdiDslDde1BdDcsl1lDdar

the

Note 8Dd this

Security

1DstnImeat

shalt

be

paid to the eotlt11eplly eaddcd dtcnto.

8. Feet.

Lender

may colleec

fea

ui;'

dlqes

authorized

by

d1e

SocIetIry.

9.

GlOWldi

for Acce1eradoD of

Ddl.f,.

(a)

Due and Payable.

Lender may

immediate PlJDlODt

ia tbll

ofalllUDJllCCUted by tbia Security lDstrwDoat

if

(f) A

Borrower dice aDd

f ~ P J Y

i8llOl

the

priDcipal rcddeDco

of

at

least

8Ul"VlvinJ

Bormror; or

(Ii)

AU of a mii

m

ho

PIOpllty

(or hia

or her

beIlctiGial

iD _ In

truat

oWDiDI

all or

part of 11\0

Property)

i. IOId.

or

~ i 1rIUferrcd,

ID DO odIct

Bo.nower (a) titlo to the Property

iD

fee simple,

(b)

a

leasehold UDder aleue or

DOt

loa thin 99

yearB

wbIcb

11 ftIKIWBbJo

OIl bile haviaI a remaimDg pariod

of

Dot

_ thaa 50

yeaJI b e y O ~ j

tho date of bo JOOdl bb1hdq of ho yoUDgeIt BOnower, or (c) a life

esJato

in

the

J'n)pGrty

(or a beneficia! in a 1IUIt with such 8D

iD.k:IeIt

ill tho Property).

(b) Due.adP.,.h le,nCl t Secreta

t

1 ApprovaL Leader may n=quim immodiatc paymem in ftdI ofaJ'sums

seoured

by thiI

Secarii1lutrum=t.

upon

e p p r o ~ t by an

.mborizecl

Rp"CHDIatm olthe SeQntary, i f

(i)

no

Property

to

h

the

priDGjpal

raideDoe

of.

Bcmower

far

teUOa:J

o1hor

tbao death

ad

tho

Property

is

Dot dlo principal o a ~ ~ O l atlaut 0110 other

BortOWeCi

or

(d) For

a

period

of lonscr tba'2 twelve (12) monthI

Botmwa- illr

pbyIicaIJy

occupy

tho

Propen)r

boca

ofpbyIical

or J1IDcII1Ild

die is.not

the principal Ie8idoace or

at

least ODO other

Borrower;

(Hi)

AD

obligation thO B O : r ~ ~ 1 e r

1JJ)der

tb.ts Security

lDatnImeDt ia

not perfonncd.

.".

(c) Nodce

to Lender. BoDUWer'

notify

Leader

wbc:I18YcI' any

of

the cwcms in nbpliagrepha

and

(b) of driI

Pl11Ipph

9(aXii)

or (b)

0C0\Ir. . .

(d) Notice

to

Seentary and

shall notify abo Socmaty 8IlCl

Borrower. wbcmcwer die

loan

bocomes due

", :

IIJd

payable

UDder thiI Paragraph. 9(.lXil)'ad

(b)i

Leader abaIl

GOt JIave

dus

r ipt to

CODlllUlGOO forec1olure

until

B o r r o w ~

baa

had

thirty (30) da)'I aftaoDOdGe t,O:OiIber:

(i) Correct

the

DUltter

wblQti !'tftlted D tho Seeudty I. .txumcut oomiq

and

01'

(n)

Pay

the

baJanco

ia mJl;"ot i

. ) '.

(iii) Stu the Property for tile I ~ e r

of

tho balaace

or.

ofdlo

eppraiIed

value aDd apply tho net proceed8 oflhc

n.rMo ,.

. .

Pap 3

{?1l; 11

i

:,

l r

;'

,

Book5057/Page

1672

CFN#2008065289

Page 3 of 13


17/40

---/

,

p-

{

. '\

toward

tho balance; or "

(Jv)

Pnwido tho Lalda'

with

deed lA

Jieu

otfinc1oaure.

(e)

Tra.ts.CoDve)uceof.Bo:uowen IntInat ill Ihe

Ptopertr to

Ilraltwb1ab.__

the n=quinlldltl

of tho 8ocnta.r)',

or

CODVO) mCD

of.

ImIt'I

D I e s a c I . m ~ ~

Property

to

Boaowec.

aha1I

DOt

be

OGaW)'llJCa

fbi'

pIIlp08a

otthil

Paragraph. A

tJUIt

shaD

notbe

i d t n d

In

occupant

or

be

comideled haviba priDcjplllelidemco for purp

of

this

Parapph9.

I)

Mortpp Not

luured.

Bomnwr that ahould thiI Security IDstnDDeDt IDd tho Note not

be

eligible for

ioIurance

under die

NatiOlJlll

HoasiDe Act ~ t h i D ci8bl

(8)

II1Cm1U from tbe

Anof;

I.eDder may,

at its 0J ti0D. require

immediate

P&ymeat ill fUR ofaIllUIDI secured bydds IDIUumeDt. A wriItallla1emeDtof lay authorized.,eDtoftboSccretasy

dated

subsequentto

elaht

(8)

IDODIba Dom tho

date

hcnot;

decliDina

to Iasute ddt IDstrumeat1DC11be

No

baD

be

deom8d

coacluslvo proof

of

IUCh illeUlibJli1y. NotwithlllDdiJ,1be "'0_ this opdoo

ma)'

Ot

be

__

led

by Leodar

whea the unanilabiJityofiumaacc

s solely

due

to 1&dot1

failure to

NIIdt.modpp

IDnraacc premium

to d10 SeoraIJy.

10.

No DefIdeDq

J1I4pDeDta. Boaower

sba11 have

DO

penou.lliabfUeJ

for payment of

the

debtIeCIRd by Ibis Socarity

lnstrumenL Leitdor may

enforco

tho

debt cmIJ

through sale offho

Plopedf. Leader

IbaII notbe permitted

to

obIIiD doficioacy

jucfgmout apiastBOITOWar

ifth.

Security Inscrument Ja forec1olocL If this

Security

lustrumellt

i i_peel

to

the

Secretary

upoa

deDllDd

by

tho 8ocretary, .ball

DOt

be

liable

Cor

ID)'

diifereDco

betweoD

rho

mortpp

indraDce

beJlofitl

paid

10

Lender

aDd the

0UIItUdiD.

iDdebCedDtlJ, iDcJudfag

aconJed

iDtrdIt, owed b BOlI OWIrat tho time

or

tbo anignmoDL

11.

RdDItateJDent.

Borrower has

rightto be

reiDltated

i tLeaderhu fmm.edlate

paymeDt

ia

falL

1btI

rigbt

appIiel

evea after forec1olure

proceediDpare institutDd. To reinllato this Secarity IDstrumeat,

BoJrOWCll Iha11 correct

the

caaditioa

which relultcdin the u i r o I n e n t for j ~ o d i a t c paymoat in

ftlIL

Foredonro00III1IIldnaODllJ1l1IIdcustomuy lltorneya'f

and

properly

IlIOOiatod

wItb

tixeoIoIuRI proccedJqshaD

be added

to the

priDcipal balance.

Upoa reiDstaten.a

by

Borrower.

thia Secmity and tho obBpdaas1hat

it

lOCUM

aba1l remain

m

tdfeot u II

J:.eDdmr hid

not

l*JUired

fmmedfaCe

payment in tblL H o ~ L e n d e r

II DOt

req dml

to

peanit

rci11ltlteD1ellt

1f(J)

Lead.- halaccepted relDstafemeat

after

the

COlIUnODcomcat

of foreo1Olunt pmceedinp within two (2) yeaalmrDediately precediDc the

COlllZllOllCelDeDt

ofaa.urea .

foreoloaure

pmceediDg.

(8)reb_leNlI1t wm p.nx:Wo

011

diffeEat pvuadsIn the f1dIire, or

it)

reiulatemeDt wW

advc:rdy affect the r i o r i ~ of tho

SccuDt,

DItnuDcDL

11.

PIrat

Llea

Sia_

(a) ModiOcatloa. Bouowcr

aJRM'8

to ex1end IbfI Security Iaatrumcnt III accontaace with

this

Parap1Iph 12(8).

I t LeGdar

determinn

that

tho

ori iDal

Ben

IIItUI

oftboSecudty

IastrumaIt

..

jeoplfdizod

1IIlder

11110

law

(hIcIudiDa

bat

DOt

limited

to

lituadom wheretho amowat

secured

by

IbJ Seomity IDItnImeot equals or aceoctI

thomaximum

prIDaipallDJOUDt staled or

Ihe

lDIXimum period

under wbIch loan

advaDces 1dIin

the I&IDO

lien

priority iuitlaDy anmted to10aa

advance. hal

expired)

aDd state law permits

Ibe ori,maJ

1icD

.bltIIS

to

be

maiDtaiDeid,fbr fUIuro

Joan

edvauces

tbraush

tho

excoution

IDd

~ t o

of

ODe

or

more

documeats, tbeu r.4er IhalI obcam tit1e

at

Bonowet. spease. I f the UGo ovidalco iDdicatellhat

the Property is

not

by ay U n


18/40

I

.

dclclm_

that

any part ofCI1 Property illUbJect

co

Jiea wblab

may

IIIin

priorily

over tIaiI

Security

IDsIrumeat" Lender

may give Bonower u0tic8ldcDlifYiul the Ilea. Bonvwer IballIIdaf)t Ihe Ilea

or 1IIto

ODe or IDOI'C orabo

actionI

ftmh

above within leD (10) dayI oftbe givlDa ofllOdce.

13.

Relatlo

tp

to

lecead

SecarfCy

lD.tnuDaL .

Ca)

SecoDd

Seca.rlt1lD1tnnaent.

.

In

GRier

to

secure

paymeatl

wbidJ Ibe

Secrefary

DJIY

make

10

or

OIl

behalf

of

Borrower

pumll t

Ia

8ec)fJoa 25S(i)(I)(A) of

the

Natiaoal HouaUIg Act IDd the LollI uu[qs othenrisc pzoYidcd by

tho

Seczelaryt the Scm;tary

1111

Repaired Bono. . . ro aecute Secoad Note

aDd s.xmd

Security IDatnuueaton

the

Pmperty.

(b) ReladoaIhlp of FInt and Second Secudtr IDItrummfl. PaymemJ

made

by Ibe Sacntary IhaIJ DOt be included

fa

the

debr

mder the Note UIlIea:

(1)

This

Security lDsIrument

u

ed to tba Secnwy; or

("n)

The SocnDry Icceptl

nmbwsemaltb7 thoLader far all

payment madeby

tho Secrotaxy.

I f

the cIroulbltanCeS described

in

(I) or (Ii) occur.

that

all paymllJlI

by tho

Secn:ray.

incIudiDa

in CD the

JJ8YIDOI1SI

but

ox.clodinC late chargespaid.

by

the Secn1ary,1ha11

be

iDcIudecllu the debt UDder tbe NOID.

(e)

EtIect on Borrower. Where there is

DO aasf8ameDt

or

reimbuJaemcnt

ducribed in (bXJ) or (ii) IDd the

Socretary

makes

paymeou to

Bonvwu,

then Borrower

.ball

DOt:

(i) Be

requlred

to

pay amounts owed under the Note.

or

pay arry RI1tIIDd mveuues of the Property

l1IIder

Paraplpb

19

to Leader

or receiver of the Pmperty. UD1il

the.

Secnary

ha nquJred

paymeDt in ftdt

of all oucstIDdIn,

princJpallDd

aCCIUOCI iDtereIt

ODder

tho Second Note; or

(ii)

Bo

obligated

to pay

lateral

or

abued

appnKliItion

UDder tho

Nato

It

my

whether before

or after

die

pa,ymeom by lite SecretarY, SIld whedJer or DOt

acrmed

iDtereIt hu beCIl JDaIwJed ill the priDcipIl baJaDce under

dIoNoto.

(d) No

Duty .r the Seuet8zy. 11loSecr:ewy bae DO duty

to

LCDdei'

to eDfiJrco

ooveDllltl of tho Secood Socu.rily IDatnJmeat or

CO

take actions to tho value

ot

the Property, tMI l daougb Lemler lilly be uaable to co1leot

IIDOUDtI

owec1 UDder tho

Note becauao oCtatrietioas in this Panlpaph 13"

14.

Forbeara.c. b7 Loader Not a Waiver.

Any

forbeauuce by Leader iD ourciaina ally rjJbt or remedy sha1.l not be wai_

of

or preclude rho

aercise of

any riJbt or mnedy.

15.

Saceeaon aad

ADIpI BouDd; Jolat aad SeYenI

UablUty.

The co\lCD&D1ll1Jd

oCthJ,

Security IastnnnetJI

shan biod lad

baaefit

the lUoceaotI

and IlSigas r ~

Borrcnw:r

may

DOt INiID any. riabll or oblipdoD8 UDder tbfI

Security JaItrUmeDt or

UDder the

Note, except

to

trait

dJat

daB reqaiRmeDCa of . 5ecnIary. CCJWIJ8DCI-md

agreemeatl

shall

be Joint ancIaoveraL . ' . . .

Nodee..

Any

ROdeo

to

Bonower provided

for

fa

this

8ecudfy1Dlbumellt

man

be gfveD by

deliveriDa

it or

by

mailln&

it by

flrIt

clulmail

LIDless appUcabJe

law requfreI e ofuothar

method. Tbo

DOdGe abaU

bo

diNctecl

to the

Property Addrea

or

&II)'

orhar address all Bomrwea

jointly

desipa ew

ArJf

notice to Laukr

IbaJl

be

liveD

b)' tint

c1as

mill to Lcadan addRaIlIItId

heroin or any addNss

Lender

desipate8 by DOtice

10

Borrower.

AIJy notice

prcMded for

ill

tbiI Seoudty

lnItnm1ant IhaU be

cleam.ed 10

haw

beea

I l v .

10

o n o ~ o i

Lender whea

gIv_

pmided

III thiI Pampaph

16

.'.

17. Goyendni LaW; SnerablUty.

Thli Security

ItIIIrumeDt lbaJL

be

govemed

by

Fodc:m1 Jaw

ad

he

law of

ho

jur1adiction LD

which tbe Property II

1ooaIed.

In the mmt

tbat

lIlY proviIioa or claUle of tbia

security uib 01'

tho Note OODfIiCIl

with

applicable

law,

such

coDfUct

shaIlllDt

affect other

providous

of

thb

Sc=dr

Instrumcut

or

the

Note,whicb

CIID

be

givCll effocC

without

the conflictins provision.

To

this

end 1be pl'DYillOJlS

of

this Security

Iastrument

and

cbo Note are

decJared to be

severable.

18. Borrower's COPf.

BOIlOwer

shall be given ana CODfmmed copy of tho

Nolo

aDd thiI Security lDsIrumem.

F r JIortpp

hieS

f 7IJ;/VI

Book5057/Page1674

CFN#2008065289

Page 5 of 13


19/40

NON-UNIFORM COVENANtS. Baaowaraacl LezIder fta1IIar ceweaaar aad u

follOW&:

1 _ Asslpnuent of Rents. BOI'I01nr uoconditioDaUy-PI ad traaIfinm

AIlder

alIlbe

nJJf81Dd

of h ~

Borrower

audlorizel Leder or Lendez'a apD1l

to

collect die _1Dd nMmII.eIad banby ctirectI each tIDant

of

die Property to

pay the

rmts

to

Lender

orLeader'l8pIlu.

However,

prior

to

Lendef.

Notlco

to

Bozrcntw

ofBonower'l

breach

of

any

CO\Wla&

or IgrcemenI ill abe IDatnIsbaDt,

Bonower

shall colJect &lid recetve all reaCllDd ImIJUeI of

abe

Property IS

trustee for

the

benefit of Leadar ad Bonvww. T.hiI

assisarn-

t

of recta COIIIdtDlellD ahIoJutI -sameat and DOt

1m

aaJaam-tt fer

.dditioaal.eourity only.

IfLeadcr gives notice

ofbmaeb

CD

Borrower:

(a) ell nI1fI J'ICCiwd by

Banower

IbaJI

be

by

BOIIOW'er nltleO

for

bllDGfit

ofLeDder only,

to be appUod

to the sums

secured

by

this Security

JDsIrumeDi; (b) Lender IhaIl

be entitled

10 coDect aod receive

aU

oftbc

rents otthe and (e) elCh

taalat

ofthc.PJ:opedy

sbaI1pa)'

III rata

duo aDd

uopiid to

Leudaror

Lender

OD

Lcmdets

written daumd"to

tho

tommt.

" Borrower

bas

Dot GeCUtodany prior ~ olthe

nmtI

and hu DOt

ad

willllOt

perfoan

lIlY

act

that would prcrIGt Lender

~ f r o m ueccising its"ripts au.

PanJ}Tapb

19. .

LcIldet shaU not be n:quired to

eDter Uptll, take

coDCrol

of

or

msintain the

Property before or

aftao

plq DOtico of braoh

to

Bonowor.

However, Lender or a

judidtJIy

appointed i v e r

may

do 10 at aD)' limo there .i8

Auy

application ofnmts

rhalllLOt euR

or

waive any default or

i'validate

any

o1bcr

ricbt

or remedy ofLeodar. This

aasiaJnnent

ofrenll oCtbe

Propaty

lbaJl

Corminalo

when Cho debt

tecarod

by tbil Security lJIrIrumemt

i I

paid

in

fblL

20. ForedonreProcedure. I fLeader requlra immediate paymeat til ruu

ader

P

. . . . . . .

pb

LeDder

ma,

f.recIoH dd.

Security IlIItIUIeat by J_dldal procee4lag. Lender.an

be

eadtled to called .U

a p e a e I

JlII:1Irnd

18

panuIDg

Ole

remedies provided

to

tJd. ....

..-ph

20. IDcludlJll, but DOt lladted to. .....oaalJle attar ' r

and

_ f I 01 tille

evldeaee.

21. LIea PrIorIty. The fUll amOUllt

IeClU'ed

by tbiI Security IDIttUmeDt sIJallhawlho I8Dio priority over lIlY

other Uea8

011 the

PrOperty

81

if

the

tun

amount had

been

~ b u Q e c l 011 the date the iaidal

dilbunomeDt

wa

made,

reprdIess

ofthe

aetaal date of

l1J.y

disbummcat. Tho amount

IOCURId

by thiI Soaurity 1DstruaImt IhaD iaclude

aU

ditect

re)'lDellD by Leader

to Boaower and

aU

other loaD acWancos permitted by this.security rutnuneat

tor mypmposo.

11ais

lieD

priori&)' ,haUappJy

Dotwitbarandin;

any

State constitution.1aw or regulation.

that this

lieD

priorJly

Iba1I JlOC

affect Ibe priority

of

any

1ioaI

tor apald

State or

local

~ t a UR spcci.f as&C8IDlOlla

o(bxu.

21.

Adjustable Rate

I f . tun. Under

teo

Note,

tho

iDitialltaCed

laIereIt!IID ofnne

ad &iIIOD pc:rcra (3.6QJ%) wbidl

accrues on tho unpaid priaclpat baIaDco ("IDJtial IDtcroItRate-) illUbjoct

to cUDac. u

cfeIeribed below. Whoa the mto

chanps.

die new

adjusted iDtoteIt

I8te

wID be Ipplicd to the o ~ ~

pdaoipal balaDce.

Each adjuatmeatto Iba iDlerelt

rate will

be

baaed upon

tho

weekly ~ g e yIold 011 UnUod

S_ 'heamy SeQatdelIdjuItoeI to CODltlDt

maturity

or eme "JAf

~ ) p l u l

margin. The

Inde.x 1I V ~ i i h e d In the

PocIcal ac.ei:ve

BuU.

uclmade availablo

by

the United S1atel

Treuwy

Ocpartment id SCltiJtical RcIouo R l S ~ I 9 .

I f 1be

IDdfa

i I DO lonaa

IVIilabJe.

Loader

win

btl

mquind to

use

8DY iDdex

prescribed by tho Department

of

QuSiiJa aDd

Urban

DeveJoplDDlK. Tho DGW

.Iodf

will bYe

hfIIoricaI

movement

IUbsbmtiaDy

aim1Jar

to tl1e oriliDal iDdaX, IIId

tho

aaw index aacl mqiD will rtIIU1t in an aDJIUIl porceDtap rate

that

iI

subataDtiaJly.imilar to tbe

rate

in

eftict

the

time

Ibc

origiDal iDdu bceomu

uaavl.ilab1e.

Leader will pri1ma tbo calcuIatIoDs

dMcribed

below

to determine tileDew

adjDsted

intaratmte. The iDlcIest rate may

chaap

01\

September

I. 2001.

IJId on

the 8Dt

dsy

of

_ aDd OD

that day af each

IUCCIeCliaI

year, or

- -L

tba

m.t day ofeacb

succeediDg

month

(CbaDp

Date)

umn

tin

SOUl

is repaid

ID

fulL

Tho

'Value

orthe Index

will

be

d e t m m i D t d ~

usiu&

tbo

most

NCeIIt Inda

figure

availablo

thirty

(30)

cIa)'l beforo tho Cbmge

Dafo

(-Currem Indax'?

Beftxe each Qa a p Dale, abe DOW

.IDtenIt

rate wilt

be

caJouJIted by

IIddiDI

a

aaqfD

to

tbc

Cumot Index.

The

IUIIl

of

the

marsiD plus

the

Cuneul

l.udft

will be 0Il1DcI the

ttQdcuIated

lDiereIt Rate" .tor

. ch

QaDp Date.

1110

Calculated

InIDmt

Rate

win be CODJPI11 d to tho JntemIt ace

m

effect ImmediaIDly prior to tho current ChaDp

I)ate

(tho

il r

I;/ottpp

PIp 6

fJ,/lJ

:.'

.

Book5057/Page1675

CFN#2008065289 Page 6 of 13


20/40

_ = : _ ~ : . a , _ .. - . '

_ ....

. -t,.--:......:.:.._

..__ :::

. : .

_

. I

"Bdstinl

Interest

Rate).

AnnuaIIJ AAQultlftl Variable Rate Ileafan .. The Istaest rate wlJl never lnClalle

or

docIeue

by more

thaD

two porcentap

po1latl

(2.0-) Oft any.i.

Cbanp

Date.

1bc

inlel'elt nIe will Q8'Ver be

mora

daan

five pe=uIap

polftll

(5.05) higher or lowerthan the initial kuereaL

file

ItaIed

io I'ara)rIpb

2 of thll

Nota.

MGIlIhIJ AcQDsthaI vlli8ble

Rate

eatare 1lIe Calculated IIIImIt RaIe wm never

i ~

IboYe

1 3 . 6 6 0 ~ .

'Ibe

CaJculated Jutcu:sr:Rate will

be Idjuttal i t

to

comply

with

the 1'IlIeHmiCadon(s)

described

above

and wiU

bein

effect

uno1 tbcaut

01anp

De. At

any cbaPp

dare, if die

Calculared

1ntIeIeIt Rate equalsdie

Bxlstinl

InIen:It . . - . the

latcn:st

rate wDI DOt ehanp.

n

lleleue. Upoa

paymeal of all IODIIICCUI'Cd by IhiI

Secorie1InstruRJ.eQl.

Leodcr

sbaII teJeasc this

Secudt)'

In.tInunent

wllhoDt

dJarp to Borrowa. Bonower IbalIpay any

taCGIdItion

COD. :

24,

AUOI'DeJI'

Pees.

As used in

this Secmit;yJdMnlIllent

tDd

tha Ncce.

1ISOrneJI fees- 11IIU fDcIude any atIDNey&'

fees

awlldcd

byan

appdato

court. .

25. IUders to this

Securitr

1nstraDdDt. ]f

Ole

or

I'DCn rIdea 1ft

executedby

Borrowerand I'ecorded

topCher

wkb

Chis

Security lDstrumeat. tbecovenaats

IIId

01each IIlC&defer shaJJ

be

Iacorporacedinto mel

shall

ameadand 1Upp1emall

he

cove aancs and agreements

of dds Security IrJstnuuut

II die

ridel(s)

were

pill of

ibis

Securily 1nscNmenL

[Chedt .u

riden

thll

Ira applic::able].

==1

I I I I I . I . I P = ~ = R j d e r [_I 1 ~ = _ l d c r__I

n ~ in d1iI Security

and

In

W i t n e s J a . ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ C b 4 .

W ~

r : / t ; ; / } ~

3AI?C=::

J

Book5057/Page1676

CFN#2008065289 Page

7

of

13


21/40

I

-adIIIna

JIlIeIIIt

ilia).

A. . u , ~ V

'DIe

. . . . . will

DIWI

kM:Nae ordecNal by . . .

twa . .

cz.ow,) 011., a-aeDllD, wID...,..__ 6Ia

&e . . . . . . . cua> IIfPIr

or- -

dlllaIIiIJ ~

ill

.......... 2 of

. .

NoIe.

u.tIII;r VadIhIt

r...... De

CltuJeted

III1IIIat.

wJII D Mr ~ . .

\

JJatIJL

1be

(;aJauIaIed r . . .

. . .wm. ~ to ccapJ)

wtdI

die

Ie

dearibed Ibow OCI wID be

fIftia aid tl l l l l lAta-p-. M. 111111 OM J-. die

.....

wIII_....

.

2S. ..... l J p a . . , . . . t i d ....... by "* BectaIIr....

!.tIJdfJr

IbtJJ

s.oa.tIt

JaIInIdaIat

wItbout

clwp ro

BoaowIr. BOI'IOWfI'IbaD,.,.,

ftICG11adOIl calL

ac. M b . t aod . . .

Nore ~ I D d I I d B . , feela'"

ia . . .

. . . .

.

caart

IS, rIdIn . JIGaower l1li

ftICOIdId IbiI

ll.....

1uIb. . . . . . It em or

e e u d ~ ...__

I Id_f l rfderlbl1lbe_pwllldkato_11IID

Ibo

ad

~ l f l SecurttJ JnanrmaI

If riJeI a)

pill

daIt

aee.Jty

JaioQII JL [a.et d

ddIndMt _1pf1IOU1e).

BY

SIQlGNOBILOW

......

11 ...........CIDUaIa......, ddlSKurItr. . . . . . .

ill

.,ttdII(a). . . . . ~ I r d walt.

wtIDeau:

BOok5057/Page1677

{.

CFN 200B065289


22/40

STATE OF J1LORIDA

COVNn 01 11,(/,11

The

fbrecoing

tnsCnlment

WlI8

ao1cnow1acI.Ied befin

l

this

~

clay

o

i5 'uAf -'fIN . y

~

M Gmaplo d

PerIcIope

M.

G IIklIpIe,

-MIl. 811

.,

Tnutee, NeD

J

GIIIetpIe,

Tn1Ita\

who

is

pascmaIly

mowu

to

1IIej who has

pnxh ced

~ t j / M I ~ ; ~ ~

; c ). NOCBryPubfIC

Nama:

RICHARDT.

K W l A T K ~ K I

, i

._

1

., 0

FL 1"Alortpaf

Pail

Book5057/Page1678 CFN 2008065289

Page 9

of

13


23/40

S T A T E O F ~ J : 5

fje J

I7C}

O U T Y O ~ r r ~

The foregoing ins1rument was acknowledged before

me

this S day of f

t2,t/l2 by : M: GllSl1R .Iid Pwel.p 8BhsjJII ; I n ~ GUlesPi;

.:Drz.I.I ~ I p l e Ti w o is

pcnonaUy mown

10 me; who

h lS

produgcd

d rt

V

ec

t N.n

. 1I I1

FL

.II

Nt rlpp

PapS

Book5057/Page1679 CFN#2008065289

Page

1

of

13


24/40

--

_. . -.-_.._--;.. .._.....,-, __ _ .

. . . . - .#.. . . . . . _._ ......-- _ .....__ .---- ...-._ ......_ - ... _ - .. _..

_

- - - - - - - - _ _ -

e. ' PLANNED UNITDEVELOPMENT RIDER

FHA

Cue

Number: 9 1 4 4 S 7 4 ~

2

" '

Loan NbDIber:

39100

THIS PLANNED UNIT DBVBLOPMENT RIDER

is

madO

011

1aDo 0', 2008, md

i8 b:orpOl8ted

fafD and

IbaU

be

deemed

10

amead IUd IIlpP1eIIIeDt

die

Mtpp, Deed of TJUIt or

SeeartIy Deed

(tfJa Sec:mty of

tho

amc - siYea by the

lIadeaiaDrd

rBonower")

to

IOCUrO BOilowar'l NOli to LJberV Raftne

Mortpge.

lac.,

Calfondl

CorporaClon,

~ tho

dUe

IUd

COftriaI1he Piq)ertJ deIarIbed iD

the

Secarky Jascrument

aDd

located at:

8092

SW

Il tk Loep.

Ocala,

PI. 34a1

The Property is a

put

of. p.1umcd unit devc10pmeDt(POO)

la10wa as:

OAJCRUN

PCD

COVENANTS.

ID

.cIcDdolllo thee ceVeIlIab ad 11 . Ide fa tile

Security

Iutnuaeat,BolTClwer

aDd

Leader faRber eoYeIWd aDcIaane . . ron...:

A. So Ionl

a

tho OWllCl"S'

Association (orequiva!cat CIDtity holdiAl tide to CODUDOII areaa

IDd

faoilid-. actiDc

u

truatee for the homeowaers.

mamlBiDl.

with a ,...ny accepted ~ r a t "hlatat

policy

iasarina

tbe property Ioeated In

the

PUD. iDcIudinl all

impmemerda

DOW ailtfaa

hrnatter

erected

aD the mortsaeed premiles. and

IlJCb

paIicy fa

to

Lander

tad

providel imunmce

caverap in

Ole

IltlOUDII,

fat

die

aacl

apInst

the

bmnIa

Leudor

IDd

the

Scamuy

zequIre,

includinl

file

lad

olber

hazards fIJcIudecl widda die

_

ncxtalded

covarqe. IDd

lou

by 6lod. to

dIG

extent required by the

Semtary. thea:

(1) Laader

wa1wI

the

prcwiaioa III Pmpapb

2oftllil

Seamity

IasIrumtmt

for the

p&yIDII1tof

Ibe premium mr huaId _waco oa die

PftJpertr,

act (ii)

Barrawer'. a ~

UDder ParapIph 3

or

this

S:UritJ liJstnDuc:at to

maiDtdD

hazard iDsunInce GIl Ihe II

doemed

lltilfied to tho

axtImt

tbat Ihe

rcqufrcd coven.

Ii

provided by

die

tnttd Alrocfadoa

policy.

Borrower sba1l live Leader JII'Qq)t aotfca

ofany

Iapte

In

requirad buaIrd

iaIuJace coWrIp IIId of I1lY

lois occmrina &om

JIa:aJd. 111 the

efODt of

a

distribudoa otbalrclllllUnDCe proceedI ill leu

ofrestoratiou

or

zepair fbDowfaa loa

to

the PJ:oparw

or- to

comJJ1OQ areII aDd

6dUties or

tbo

POD.

my pmcecds

P91b1c

Co Boaower

11'0

hereby MIipod

ad Ubo

paid 10

Lader

1br

application to

dle

lUIDI.ecured

by tbfI

8ecIdY\1zIIananmt,

wicb any aeesa paid 10

the

cati1y lepUy entitled

thereto.

B.

Barrowc:r promiICI to

pay

aU cha IDd

.MlR'ClIlti

impoIed

punuaat to the lepl

iDstrumentI

czeatiq IIIld

IOvemlDa tho POD.

c.

ff

Boaowar

dacs

DOt

pay

PUD

dDeI

and

. .-menta

whea

Ihen

Leader

may

pay

them.

Ally ImOtmIl

elIlburied by

Lea&r Udder

t1PI J'II8F8Ph C If1aD

become additfoad debt ofBorrower IOCUI'Cd

by bD

Security

IDatrumont.

UnJesa Boaower

IDd

Uadcr .gee 10

__

ea1II

ofplYlliaat.

IbaU bear Ial=-t

fi'om

tho date or

ar'the Note me IDd 1balJ be payable,

with

iacerest. 1IpCJD

Dotico

80m Lender to

Botrower

reqaestias JIIYDleDl .

,

..

BY

SIGNING BPLOW.

Bonvworaccepll and

BIJ *

to

the tcr1DI and provisfonI coDtafDed in this PUD Riclor.

ta t . Qllapje;

"Pi

J4lIpOD

. . . . .

1011

Book5057/Page1680

CFN#2008065289

Page 11 of 13


25/40

.

.,".

.

P L A 1 ~

UNIT

DEVELOPmNT RIDER

FHA

Cue

Number: 0 9 1 - M O S 7 ~ 1 1 9 1 - Z 5 5 Loan Number: 39100

nus PLANNED UNIT DEVELOPMENT RIDER is made on lime OS 2008,

and

is

incorporated

into and shall be

deemed to amend and IIlpplCmcDt the Mor1pge)' Deed of TNSt or Security Deed

(Iho

Security 1Dstrumeat") of the

same

date-

given

by

the

UDdenigntd

( BomJwer )

to

secure

Borrowen

Note:

to

Uberty

Rner.

Morf&ale, Inc.,

C.llfomJa

Corporatlollt ("Leader')

of the Imnc and

covcrins

the Property cbcnDed in

the

Security

lnatrumeut

and

localed at

8092

SW 115th

Loop,

Ocala, IlL

34481

The

Property is a part of

a

phmned unit

developmeat (PUD)

kDowu

as:

OAKR.UN

PUD COVENANTS.

ID addUfOIi tq.tbee COVID'"

ad

agreeDlellramade ta

the Seearlty

laJtnmleat, Borrower

aDd Leader tu1 COY'DDt

aDd

sp-ee (Glows:

A. So lonl as the Ownrd s ~ . : i a t i o D (or equiva1ent catity holdiDg title to

COIllD1011

areas and facilities. acting as

trUStee for tho bomeowuers. mai11taina,

with

a poeraUy

accepted

Insurance carrier. a IImastcr" or ttblanket

policy

inIurins

the

propertJ

located

in

the

PUD.

ioctudinl

aD

improvamentl now

exi8tinc

or

bcreafter

erected

on the mortppd preallse:":, mel sucb policy is

satisfactory

10 Lender mcl

providel iuIunnce

coverqe

in abe

amounts" for

the

periods. ~ aaainst the

hlDRls Leader aDd 1bo

Secretary require. iDciudiD 8ra

and oIbcr

blZU'ds

included withiu

n.e teml

"cmaded

covemge." and loa by

flood, to the extant

required

~

the

Secretary,

tbe.a: (i) LeDder

"'lives

the provision in Paragraph

2

of

this

Security

Iustrumaat

for

the

payment

of

the premium for hazard

in.!qnmce

au

the

Property, IDd (ii) Borrowcr's obliptioa under Paragraph 3 otthfl

Security

Imtrumcmt

to majntain

hazard

iuIunIDce

011 tho Property is deemed

satisfied to tho

exteDt

Iblt

the

required

coveraae

Is

p 1 O \ i ~ d

by the Owners'

AsaociatioD

policy. Borrower ahaU aM Leader prompt DO&e

of

any lapse ia required'

bawd

inmmco coverage and

or

any

loa

occuninl from

a hazard.

In the event ofa

distributioa

ofbazard

-JDCC proceeds in Ucu of

restoration or tqJIir

fbllowiDga 1011

to tho

Property

or to

common

area aDd

facilities

of he PUC, Illy

proceeds

payable 10

Borrower

IN hereby

uliped

aud thall

be

paid to

Lender

for appIicatioa to the I'DmS

sccurcd

by this Security Iastrament, with any

oxcesI paid

to tbo

cndty legally eatftfed

t h e r e ~ .

B. Bonower promises

to

pay

all dues

IDd assessments

imposed pursumt

&0

the legal

inltrumcntl

creatinland

govemiDg the PUD.

c.

I f

Borrower docs not

pay PUn dues

and usessmc;otl due. then

Lender.DUIy

ply them. Any

amounb

disbuned

by

Lender under

parapaph

c;

~

edditianal debt of'Borrower ICcurod

by

the Security-

Instrument. Ualeo

o ~

mel Leader iiVeo to

terms

of pa)'IDCDt, these amo1lntS abalJ

bear iatcrcsI

fi'om

tbe

date of d i s ~ t at

the

Note rata and shall be payable, with J n ~ 'UpOIl notice

Dom

Lclder

to

Borrower requeadns t .

BY

SIQNJ;NQ

BELOW. Borrower

aCcepts and aarees

to

the terms

and provisions

contaiDed

in tbia PUD Rider.

.

.

....

.-.'

. ~ ~ ~

,

T iJij

Me"'.

M. 6i1kapi. . =lie , .,

Markiii.pJe,

T

..

1'eAeiape "I,

8IBapt_ ~ . Q I I

Elillm,'R:88iJBI

.

. . . . .

tof l

Book5057/Page1681

CFN#2008065289

Page 12 of 13


26/40

--

...

,

EXBIBITA

sxhibit

A

10

Iho Mortpge

made on May.:W.

200

by PeDeIope M. N.J . GIIIaple

nd

Mark

GUIeIpIe, . .

Ce

T

of . .

GJIIespIe 1PtuDIIJ umac '1'nIIt Aer - t ....... MI UI7 10. 1W7 ("BanoWer") to

UbertY

aevenc

MoJ1pt,he. ("Lcnder"). The Property Ie1oc: d

in

tho countYofMtrlH IIIta

orn...

delcribed to1Jowl:

Description ofPloperty

Legal Dctaiptton

euaehedhlnto

'Bxhibtt

A' and by

this I'Ilfiln:rJcomBde a

part hereo

LOT(S) 1,BLOCK G, OAK RUN WOODSWB

TBACT

ACCORDING TO THE PLAT

THEREOFAS RECORDED IN PLAT BOOK2 AT PAGE(S) 106 TBROUGB

lU,

I N ~ ~ ~

? J ~ ~ ~ RECORDS OJ'MAlUON COUNTY, FLORIDA..

.

-0.

1lllirflillfiillllli"'

U4S842B 3-18K'13

ratTGA'E

w

1

aO,

Page

13

of

13

Book5057/Page1682 CFN 2008065289


27/40

r .. .

..

- ~ 0 0 0 l

................ _ ..-.

DA\1DR.

ElLSPERMANN.

a..ERI(

OF

; ; ; ; : . ~ COltITY

R ~ r d \ R 9 ReqUested

by &

DATE: 0612512008 2 : 5 5 ~ 3 4 PM

When

Recorded Rstum To:

U'S Recordings. Ino ..

. FILE.:

2008065290

OR BK

05057

PGS

1683-1893

2 ~ 5

Country

Drive

Ste

2

RECOR

G FEES ......

St Paul MN 55117 J

1 5 e ' - 1 ~ - - O ' i

~ ~ e ~ ~

LibertY

RIMae

MaRPle, 1I1c.

10951 Whlta

Rock Road, Suite

200

Rancho

Conlon,

CA 95670

FHA Cue

Nuaber:

091-44057411952-255

39100

Sec re t a ry o f Housing and

~

Development i s exempt from

paying

j n t acg ibJe taxes.

State ofPlorfda

ADJUSTABLE

RATE

~ ~ ~ C O N V D S I O N S E C O N D M O R T G A G E

THIS MORTGAOB ('I .

In.

. or DSecood Socmity ImIl1UDeUt

is

JiveD

OD

l ue 05,

ZOO8.

Tho

mortpgor

is

?E

eaelape I\L Gillespie, ell I GlDeiple and Mark GUlapIe, Co-Truteel

of

TIle GIllespIe

Fually

Llvlnr Trait

AVeement

dated

February

10.,

19 .,

whose addma is IG92 SW

1l5th

Loop. Ocala, J'L

34481

( Boaowet').

Ibis

Socwity

Instrumen1I

given to the Secretary of Hoating IDd tIrbE

Developmlmt. and

whole address is 451 Sevea b

Strcot,

S.W.,

WashJngton. DC 20410 ( LeDdet'')

or rSecretl1Y?

Bos:rcnrer

bII

p,rood to Iq)ay ID Loader

amouatI wlUch

Lendar

is obUpted

to

advaaeo,

mcluding

future advance$.

UDder the

termI

of

I

Home Equity CoawaiOll Lola

Aaremaeat

daIed Che

IIDIC

dale

81

tbi8 Security!DstnlmcDl ( LoaD Agrecmcat ). 1110 apemeDt to repay is evideDced by

Borrower's Note

d8IOd

dID

I I I I I t dIJe u

this Security

lDIfnuneot

rSeeond

No .

This

Security

1DItnIIDmt

aec;urea

to

Loodm::

(a) tho of

the

debt

evideaced

by the

Second

Note,

with

intereIl, at a rate

JUbjoct

to adjUllDat, aDd aD renewals.

extensionI

ad modf.fioafJoDs oftbo

Note, up

to a maximum J'l'iDcipal aDlOUlll

Oae

UaDdred Nlnety-Dchc Tho.and 4

08111.

Dellan (S1J8,ooo.10); (b) the payment

of all other sums, withmterest. advanced under Paragraph 5 to protect tho securityor Chia Securitr

Ins1rutnent

or ofberwiae due

1U1dcr the

temlJ

ofthia

Security

InItrumenl; and (c)

the parfonDlDCl ofBortowar'l

coveD8llfB

aDd

~ t UDder this Security

InstrurDc:nt

ad

he Note.

The full

debt. includiDc alllJDOUDta

described iD

(a).

(b).

and (c)

above.

irnot paid

earlier.

is due and

payabLo

OD

Ocmber

29,

208t.

For

this

p w p o ~

Bomnrer

doeI

bercby

II1OIf&88C,

pnt

and

oonvey

to

Lender.

the

following

descrJ1)ed property

locaaed in Marlaa

Count)'J Florida:

The real property located at tho addresr . . 3 SW 115th Loop, Oeala. IL 3448J, ill the County of

Marioa.

state of FL.

described more fbUy

onBxhibit A auaebd

to

tid.

Mortpp. .

,. .'

TOOBTHER wrm

aU

the impoVfJD1Cl'DJlO\9

or

hcrodor erecrtod 01 die pmpOl'ty,1Ud aD t:asoIMI1tS, Ippurtm&nceI.

and

fixturol now or hcreaftm'

pIIlt

oCthe

property.

AU tepIacemeDII aDd

addItiou

ahalI also be oovaed by fbi.

Secwiry

lJutrumalt

AU

ot'the

foregoing

is

rotemd to in this.

Security

IaatnImeat

II

tbe IIP.toperty

I

BORROWER

COVENANTS

that Bonowcr iI IawfWIy

IOUod

of cite . . .

hereby conwyed aDd

hu

the riabt

to gtanlllld

convey

the Property

IDd that the Property is only eDCUrIlbeNd bY PIIIt Security IDItrumeat givca by Bocrower aDd

daIod he

same dace

as

this Security 1aItnJmaJt f'First Security 1DsIrumeDt').

Boaower'MllDlltt

mel will

defead

generally the

tide to

tho

Property IpiDIt all

claims and demands,

iubject

to any ofRtCOJd.

1HI8

SBCURITY

INSTRUMBNT

combiDea

UDifanD

oovaDIDCI

Cot

DIdaaa1

Ute

BDcl

DOD-uniform

covenanll

witb

UmiIOd

variatiODS by juriadictiOll

to

OODItitute

I uniform

lecarity inltrummt

coveriDg Na1 property.

UNIFORM

COVENANTS. Bon'ow

aDd

Laldcr

oaveuaot and ape

1I1bDowa:

Book5057/Page1683

CFN 2008065290

Page 1 of 11
http:///reader/full/000l%E7%AE%AE....~_%E5%95%80http:///reader/full/000l%E7%AE%AE....~_%E5%95%80http:///reader/full/000l%E7%AE%AE....~_%E5%95%80


28/40

'

1

....

-

_...:......,:.:-,.,

-

.1.

_ ,

_.

_ _

......

4 _ ' _ .. _

t; :

1. P . ) ~ e a t or PrlDdpaJ and IJiteri-st.' Bomnvaa 8baI1 pay when due

the

priDcipal o and inknIIt ou.

the

debt ovfdalcod by

the Second Nato. '

2.

Pa1meut

or

Propert3'

Curve&.

Bo1Tower

IbaII JHIY

all JIIVP$J

dJarpI

of1Ixes, pound

nuts..

flood IJ1d bazaRl

iosunmco pnrmiumI,

special ill a

timely

~ ~ l I d IbaI1 pmvide erideace afpaymeDI to

Leader. uDIa8s

Lcadet pays charges by ~ d i n a fimdlblDOlltbly

payDBltl

due 10 the or by chllBlallUCbpaymmll

to a

Une of cndit

u

provided for

in Loa

aIdIr may

requim BOI'J'OWef to pay apeoifiod propercy cbqes

dil=dy 10 the party owed payment t h o u P Leader plY' OCherpmpaty II pmvidod ill dUI

PIrIIpIph.

3. Ji1re. Flood and

OtIaerB'uanJ

hnraace.

Borrower'thall mm. all _

011

tho

Property, whether now

ia

crxJstencc

or

sublcqueDtly

119- lIlY caualtia,

IDd

_

~ u d i a fiR:.

This IDnrance shill be

maintained in the amOUD1l. to tho aIut tor 1he pedocII reqafred by

Leader.

BoDower sW1 also .iDsure aD improvements on

the Pmperfl. whether now in exiateace'or lubIeqaeDtlyerected, apJoIt loa by f100dI to

the c:xlalt zequired by

Lender. The

ID

Documents

RMS v Gillespie, Verified Complaint to Foreclose HECM