IN THE CIRCUIT COURT OF THE

FIFTH JUDICIAL CIRCUIT OF

FLORIDA IN AND FOR MARION
COUNTY
CASE NO. 42-2013-CA-000115-AXXX

XX
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, et aI.,
Defendants.

NOTICE OF ACTION

To: UNKNOWN SETTLORSIBENEFICIARIES OF THE GILLESPIE FAMILY LIVING

TRUST AGREEMENT DATED FEBRUARY 10, 1997

8092 SW 115TH LOOP,

OCALA, FL 34481

LAST KNOWN ADDRESS STATED, CURRENT RESIDENCE UNKNOWN

YOU ARE HEREBY NOTIFIED that an action to foreclose Mortgage covering the following
real and personal property described as follows, to-wit:
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.
has been filed against you and you are required to file a copy of your written defenses, if any, to it on
Curtis Wilson, McCalla Raymer, LLC, 225 E. Robinson St. Suite 155, Orlando, FL 32801 and file the
original with the Clerk of the above- styled Court on or before---

Qr 30

days from the first publication, otherwise a Judgment may be entered against you for the relief

4556515

12-02121-2

CASE NO. 42-2013--CA-OOOl15-AXXX-XX

demanded in the Complaint.

WITNESS my hand and seal of said Court on the ~day of ~\u0Cn/\.~

,--

f(

20~.

OAV1D R. 8J_S~~ANN
CLERK OF THE CIRCUIT COURT
As C~~k HOfER~the~.~~~ ~D- ezC-.lo
~~o

BY: "----. -'---

Deputy Clerk

I~~""

Publish In:
Voice of South Marion
Bill To:
MCCALLA RAYMER, LLC
225 E. Robinson St. Suite 155
Orlando, FL 32801
Phone: (407) 674-1850
Fax: (321) 248-0420

4556515

12-02121-2

IN THE CIRCUIT COURT OF THE FIFTH JUDICIAL

CIRCUIT OF FLORIDA IN AND FOR MARION
COUNTY
CASE NO.

REVERSE MORTGAGE SOLUTIONS, INC.,

Plaintiff,

vs.
NEILJ. 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

r'" .'

.,~.:i. - :~.'

''''<

-'"~r,<.,!

and Return

OF NEIL J. GILLESPIE, UNKNOWN

SETTLORS/BENEFICIARIES OF THE
GILLESPIE FAMILY LNING TRUST
AGREEMENT DATED FEBRUARY 10,1997,
Defendants.

NOTICE OF LIS PENDENS

YOU ARE HEREBY NOTIFIED OF THE FOLLOWING:

Plaintiff has instituted this action against you seeking to foreclose a mortgage with respect to the property
described below.

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

thereofas recorded in Plat Book 2 at Page(s) 106 through 112, inclusive of the
Public Records of Marion County, Florida.
I HERJ;J3Y CERTIFY that a true and correct COpy ofthe foregoing was: [check all used] ( ) E-mailed (.;{
Mailed this ~ day of January, 2013, to all parties 0
hed service list.

,.JJ.~.__.,__

ielle N. Parsons, Esq.

McCalla Raymer, LLC
Attorney for Plaintiff
225 E. Robinson St. Suite 660

Orlando, FL 32801
Phone: (407) 674-1850 Fax: (321) 248-0420

Email: MRService@mccallaraymer.com
Fla. Bar No.: 0029364

960895

12-02121-2

IN THE CIRCUIT COURT OF THE 5th

JUDICIAL CIRCUIT IN AND FOR
~ONCOUNT~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;
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MARK. GILLESPIE; NEIL J. GILLESPIE; DEVELOPMENT & CONSTRUCTION

COR?ORATION 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.
On June 5, 2008, PENELOPE M. GILLESPIE, INDIVIDUALLY AND AS CO
2.
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 Mortga.ge 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. tf
4.
Plaintiffis entitled to enforce the Note and Mortgage, pursuant to F.S. 673.3011,
as the owner and holder of an instrument.
On or about September 16,2009, PENELOPE M. GILLESPIE died..

5.

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.
The property is now owned by Defendants, NEIL J. GILLESPIE and MARK
individually and as co-trustees of THE GILLESPIE FAMILY LIVING TRUST
AGREEMENT DATED FEBRUARY 10, 1997, and ELIZABETH BAUERLE.
7.

GILL~SPIE,

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8.
Plaintiff declares .the full amount payable under the Note and Mortgage to be due,
together with interest from September 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 attorney'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 by 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.
12.
Defendant, NEIL J. GILLESPIE, is joined by 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 by 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.
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 any right, title or interest 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 by Plaintiff.
15.
Defendant, UNKNOWN SPOUSE OF NEIL J. GILLESPIE, is joined by virtue of
any right, title or interest said Defendant may claim by 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 ofthe Mortgage held by Plaintiff.
16.
Defendant, UNKNOWN SPOUSE OF ELIZABETH BAUERLE, is joined by
virtue of any right, title or interest said Defendant may claim by virtue of marriage to Defendant,
ELIZABETH BAUERLE, and/or by virtue of joining in and executin.g the subject Mortgage.
Said interest is subject, subordinate, and inferior to the lien of the Mortgage held by Plaintiff.
17.
Defendant, UNKNOWN SPOUSE OF MARK GILLESPIE, is joined by virtue of
any right, title or interest said Defendant may claim by virtue of marriage to Defendant, MARK
GILLESPIE, and/or by virtue of joining in and executing the subject Mortgage. Said interest is
subject, subordinate, and inferior to the lien ofthe Mortgage held by Plaintiff.

752670

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18.

Defendants, UNKNOWN TENANT IN POSSESSION 1 and UNKNOWN

TENANT IN 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, OAK 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 DEVELOPME~T, 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:

In addition to all named Defendants, THE UNKNOWN TRUSTEES, SETTLERS

22.
AND BENEFICIARIES or other parties claiming an interest in the subject property by, through,
under, or against UNKNOWN SETTLERS/BENEFICIARIES OF THE GILLESPIE FAMILY
LNING TRUST AGREEMENT 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
Plaintiff s 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 within the time set by this Court, the
Property be sold by Order ofthis Court to satisfy Plaintiff's claims;
752670

12-02121-2

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 accordance with Florida Statutes 718.116 and 720.3085, respectively and
upon proof of the demand or refusal of any Defendant to vacate and surrender such
possession, and the clerk be directed to issue a writ of possession without further order of
this Court;
g. Retain jurisdiction of this cause and the parties hereto to detennine Plaintiffs entitlement
to a deficiency judgment and the amount thereof; unless any Defendant personally liable
shall have been discharged from liability under the subject Note pursuant to the
provisions ofthe Bankruptcy Code 11. U.S.C. 101, et. seq.; and
h. Grant such other and further relief as appears just and equitable under the circumstances.
DATED this ~ day ofra-.-J,;:6,L~~~~~

. -. . _-_. . .
-

_ ...

U r\
. __._!.

_ _ 0

Danielle N. Parsons, Esq.

McCalla Raymer, LLC

Attorney for Plaintiff

225 E. Robinson St. Suite 660
Orlando, FL 32801
Phone: (407) 674-1850
Fax: (321) 248-0420
Email: MRService@mccallaraymer.com

Fla. Bar No.: 0029364

FLA.R.CIV.P I.I10(b) VERIFICATION
UNDER PENALTY OF PERJURY, I declare that I have read the foregoing and that the
facts alleged therein are true and correct to the best afmy knowledge and belief.
By:

. k---

Debbie _.Sims
-_._.__

Title:

Vice President

Company:

Reverse Mortgage Solutions, Inc.

Date:

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

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

_ _ _ _ _ _ 40__

752670

__

Print Name:

__

. _

December 20, 2012

12-02121-2

',

..

. :~/.
ADJUS'l,(IIJtR:A'l'E

(HOME EQUinCoNWiQUll>M
STATEO'FL

FHA Cu, HVlDbtl': 09t...c.caS74J/rS2-Z5S

LO'D N.-u~ 3'100

PROPERTY ADDRESS
Ion SW J J'u. Loap
(kala, n, J4411
1, DEFINr1Z0N3
"'BomJwcr'"
i~

DWU'" plRua ~mCIM

" a.. t1ld of l!JiI Note. ttLaacSc'"
LIbwi1 a...... Morte.... Ille. IIId ill
diD SecRC&l7 or HoUlma &nCI UIbaD o,v.lopmai or hJa or her au1hof1zed
maul

II1d Ulip:l,

.~

rcpronaClliYn.

1. BORROWERtS raOMIBE TO PAV; INT.UEST

rn Rnn (or &mOWlll to 'be .dvADOCd by Lcmdu ~ &0. muimwn priDcip&1 &mO'" orO Hu..drcd Nmetr..&I&bJ n-.....d
and 00l10CJ D.llan (SlJJ,OOO.o~). 10 Of for tho be.Dd1c of Boavnr UI1tW" t-aDI ot. Hom. BqWt)' Couftl"lion Loan
AiT"rDC~ daled Jue 05, ~OOI ("LoaD A~J", BorrowIt pnuDg., to FI to &he ordIf of L.dcr I prin;IpalinlOViDI equal
10 &ht IUm of III Lolli Advan= D"Ide u.lb. 1AuI ~c wi. iDCIreIL AU . . .ta adn.Dccd bJ Lead.... ,lui iJs~ if
nor paid a&riJct, Ire du. and pa,able 011 OCllObu Z'. :ZOIO. '-at.,.1II be dwpd on upaid principal at Abe mI ollbra _lid
6611QiJ ~ (3-'60%) per year ~~ Ibt f\IU amomt DC piDrw:ip&lbal '*a,aId. '11ae In~ ~ "'" ~. ill ~~
witb Parlpaph S o( IJds Not.. At m. =cr or e:a.ch mDDfb, ICCnOd lcterut IWl bt addod to tad madI put ot~ prlDdpal ba~
IS I Loan Adnne' and sb&lJ Jiktwia, Lha.rwJlcr btu infORIf.
J. PROMIS& TO PAY SECURJt1)

Bomwcfl promiae 10 pq If ICClRd ~. mortllp, d'ed of",,* or tlmlI&t Jceurlty ~ lhac 11 <fared til. lime dlCt II lhi'

Note and ClUed lb, Scmty (nstnuncnL Tho S~'1ID1bwn=t proLlcll Chi Lcndct tlvRl *,tI wbich mipr n:nft if

Borrow~ d,rauJts

uDder cbia Nota.

4. MANNER OF PAYMENT
(A)Tlmt

BOCTOwtr &bD.IJ pay ..UouLsta.cdICI pri~.r ud lCCflIod 1A1.erclt 10 1A<l" UPOI ROOipt of. DOUce by ~der Rquirinl iJmD~dilhr
paymeDt hi fuJI, ,. provided in Pu..papb 7 oClhii Note.

CD) PL.,c
P;ymcnl U1tU bel mad. It 10951 WlIlte Roek Road. Suit, ZOO.. 1taAcbo Cordova. CA '5670 or lOY Judi olller plaoe u Lender
may dufple in writiDl bT ootJ;e to Borrowor.
(C) Li~Jt.rto" of LI.IJWl1

BOnvWCT shan han no pa1lOoal UIbLUt)' lOt p-ymcnt ofth. c1ebt Lcoc:I. ,baD ~ CIa, debt onl)' lhroulh nJe oreb, PropenJ

covered by \he Scwrlry WtnImant~). If &bb Noca ;. ustpadlo 1ha s~, the a..oww dW11lOl be Iwb'e tOr an)'

differtnCO berweell Ihe monpJ~ ~ bcoe&lI ,.Jd to Lader Md tbo ~In& b!cblcdneu, ~ .caued 'ncercrt.

owed by Bol1"QW'Cl 1.1 Ute elmo orUlipvnad.

S. lrrrREST IlATE CHANCES

(A) CJJ,pr l D"

The h~te~l"'&o mlY chlOe' aD lhD lim dAy or Septlm btr J, %OOi Mel Oll_ 1111( dIy f>( caab 11I0000mJ yar. or
dy or ~.,h IV~IDC IQOI3th. Cbar110 D... meaN each ~ GO which dJc iDlCtal Blf CCNId

chaa,,,,

-x.. the Onf

(8) Tbe lndn

Beainnin, with the rUfi ChaDre Dete. Ibe mlcl'c:5\ M wlU be based on ID 1Dda. -illdu. mc&nI lb. wwekJ)' nerar' yi"kI OQ
United Scala r~ SOC\UiLlcs ICtiUfled \a a CODItInt JnlNri~ oroat Y'&l, U ~ .ftil&1t.. b71bo,. . . JlCHnI Boud..
C&I,",,' Indc.x- InClnllb: molt n:GQDl 1nc1c.:t BPR ,...nab. 30
befa,. dw Qua, D,... If' tJa. 1ftdo~ (q cWta.d lbow) ia
no l0tllet lYuJablc:. lender will me u DeW lDdex my ~ ".eribed by 1bI~. LeadCl' win Pc 'Bonvwer notice or

.)'1

&h~

new lndcx.

(C') COkYl:lUon car laleratJlltt Cb'''le.I

'*

Beron each Chanaa 0.. lAmIa' wlU caJeul.1e a aft' mlclNl

by &ddlna wqin or 1.500 percemap poiIIlI Jo lb. Cu~
lnd~l(. SubJ"1 to t~ nmib ltJL,ed In '&P.VlPh S(D) oC thiI No.. tblJ amounl wJII bt u., 11ft' in~{ ~ \&QUI 1M nat CJtIllP
Dato.

.f'

.......

.;. ..

..

-.

. -. .. ....

(D) lJmJu.1I1Dleral 'Rat, Cbqta

AIuIlat no i1IbIaI JaIO wW IItnl !Ix:rcIft 0( ~ ~ mo... dIM IWO paoeataal pamll (2.0'" ~ an1
Imp ~. O~... The brleren rae wiU MY bo mON IbaD 6Yf p'~. poi.... CS.~) IHa.bw or lower
IbaDlhe lDld.. Jatcml me
in P....,..pb 2 oCJhiI Net&.

ttl"

(E) Nod"

orO.nca

ama

Lender wHJ Ii"" DOli" 10 BonvWc or lay dule lo all. mlaral RlI. The nudQS ID&IC be
a' leul 2J dayI bo((q Iho '(IfNI
lntllat ret. tlJcca 05'tcC, and lUll . . bth (I) ~ daJ~ of the DOli" (if) Iba aa.ap 0.... (Jii) 1bo oJd fa
(Jy) lb. tIt:W
ln~n:sl flte. (~) lhe Cunwl In_IUd 111" 41Le It W'a pubUIhId, (~ U,e II&ethod o(~ . . At\jUlled inllftlC
lad (ri)
any other lIlfonn.&1oa which my" RqUired by law ttozn ume IG tim,.

'*'

(P) ErfccUvt D.'e tl~pI

A De" JllterQ' rile caJouJaIed 1a.ccordlZlOl wi'" PanpP1l S(C) U1d ~(D) o(1h!I N~ will bcomc Dtnod 011 the Cbaoao
DUCt WI!", &hI Ch&np ~ OQOIIrIloa IMD 25 .,. al1AadIr bq &i~ 1M requirId aodc& lC6I1
laZe caJculnd in
.cco~n~ wilh PlIl9'pht S(C} IQd '(D) of tJalt NOIe ~ ~l Lader &lied to 11ft daaeIy DOdce or the .-. IDd
~pplied , hilha' race UIIa 1M ra" which JbooId Uw bea ItIItd ID UlPIly
~ IIWJ JeClJcQIase UJG PriDCip.1
b.l.aco owed Imdcr daia Noe, 10 It docII DOl rened flJ't ~;." ia-.L

DO_ ...

G. BORROWU1S JUCRT TO PUPAY

A 5011'0"' roecivm, rnootbJr P'Y"*,tI under lb' Loaa Alroaout bas &hi rlJhl ro ,.., '" ~ Irrid-aClld b)' 1hII Noe., lD "'bolt
or in plrt, wllhovl chup or pCD&lt)'. My IDIdUDL of debe "lid will 1M bo IpphcIlD
abe priDcipaJ balance 1hc
SOCOnd Nole de.Kribc41n PanppJlll ollbll NDl' &nd Cicm fog ~ Ib' prinoiplll baIuoI oCdd,No...

or

.uz

AU p~ymenll of tbt ptiaeipal b&llIIICv UJlll be Ipprted by lAldw u tollDW&:

fim. '0 %has portioa of til III principal baJNI~ ""..elm, IwepJe paymcAII formolCl'" i1s1WUOD pn:mh=.;
&wsL \0 mil por1lcm 01 Lho priDCipal 'bal&Dcc re,roscasliD. aw.ple paymcutl for IIMciac rees;
J:1mg, Co LlJat poItiOD

or lbt priDoipaJ blJ-..1'q'CUClltlnalDW11ed lZllorM 4bIO mxSct .. NOlI; ~

fRlulb, Co rho rcmainiD, po:tioa ~I Ihe princlfpal b.1aoce. A Bonowar IJW1 apa:ib wIIdhc I ptepa1I1ICIQl illo bo creAed 10 ~
por1jgO or~ priJKJpll blJJDc:f rw:pracn dn11lOlJlhl1 IN)'nIca1I or tb, Ib o! orcdit. U'Borroww doN GOt _pa1e .. h.Iob
the principal balUGO II 10 be pnpI!d. ~ tAaD Ippty aD7 pAI1W PRPI".a CO en _ytDallIN ~ or c:rata new

or

or

lila.

7,

o[m~t.

PAYMENT IN nTLL

IM~DIAn

(A)

poId""

Death or Sal.

~nder rill)' ~int (mmcdlaLa plymcnt

(i)
(Ii)

III ran of III 01111W1dLA& pr1JK:Jpaltnd ~ t!Jcarullf

A BaITVW'W dJoa IDd UM p~ 11 DOC !he principal cc:ekkDcD or ,'lAliIm. curvtviDI Borr'Cwu; or

A.U or. ~. tiUo ia Ihf P'rvpMy (or JU or her br:noOoial ~ hi b'wt O'mlal aJl or pan or \he
'rol*11) b solel or 0Ibcrw1l' hDJfaTCd tnd 110 olbcf hrroww ,.~ (a) IhJc &0 .... PIopcr1)' in 'OG tinap" {b)
lcaacbold ..... ~ for 1_
~ whkJI It ....-.bIt or ~ hlvina .l1OJIWal pII10d of nol
~ ChIn 50)'al1 ~ tha dIJo ofCbo l~binbtlay or... )'OUnJCIt BomnrtIr (Qr' I1daiUl bsaeI1~ta&
b:1Lm1t iD' rnut wtch NCb lJllc=at iJllbe ~).
or (0) lir'
!II Ihv J'n)ptI1)'.
'". .

u.u."

"'0

lB)

OrJI~r

CroWld,

Lendr.r may nquJ..- immediat. pIymCIIt ba lult gf III ouuWldlaa priDoipal Ut! ~ ~c, \lpoG IppIVYII by an .ulhodzed

"prasmtarivc of the Sccrdc1. if. :

(i)
(i.)

The Propcny ~ 10 be cha "..mcfptJ ~ of & Bonowtr for "*0lIl alhc:r &han dca(b lad cbe Plopc~ II
mJt 1ht pri"fpaJ~CJr.leulODt other 3onvWtr;

Por a period ofJoPlet IbM twaIve (12) ~ ZJ)OISIbI. Banvww &11110 pfqIicaJIy ~ IN ~
Dr
or DOllJ IlID.., ami IbA Prvpcdy II aot 1M prbzofpllZ ,.~ of tt ... 0'" vtbar

~
piry,cIClI
BOrTCW; 01'

(C) P.:mt~1 or eNg ud

Ex.peua

tf ~dcr t-. ~nd , ~ ~ jn ftaD, ~ ~ .bon. \be dc),tlafolWd Ibrauafa ... oIdc Prap.-ty ruy incSudc
QQI~ and ~ ioducUa& ,...OMb'e lad MIDDIU)' laomoyr' (CrI, . .0aiak4 witb ~ ofUdi Nole 10 rJac UIeftlIlOl
pl'oWbJlcd 17)' IppJ1eabl~ IIW. S~b roe, ad ~ .baD bw 111-'1 from tht cS.t, "' 4t~ at tho IIlDt ,.c... 1M prlMJP'I
olddiNo&

~.:

........ :...

.... ,.:r2: ...\,_".~~.",,_~.;.:..~_~~.,...I:'':.

(0) Tmll

:-::-":Jr.....-,........... ......... , .:
~

..

Coaveyaae. of I BODOWW'I Uleo,aI hi ell. ~ptrtr 10 IIIVII whlda . . . &he . . . . . . . of tha SeotIIuy, or COIIW)WICI or.

a..

ttult. !Nt;rqr In
~ 10 !lamwu.....ot~, ocnictond COIlft)'llMt!or p ~ CIIfllU PnpPh.
~ ~AJIdcrocIIII ~ or tNa e-ddorM .. "IVID,. pdDoIpII rut. . . b'porpotll orthJ.?arapp&.

It...,., 4aI! NI

I. WAIVERS

BOmJWa' ...m. cJae riPU ot~tme1II a4 aotfce of dWIonor. '1'lCiQlIliK1St" _ _ Ib rfIhI. to ~ Lcuda' Ie cbuInd
paymul ar Im01WI dul. -riodce or ~ 11..111 til, rtpt ro ~ x.-. &g p,. ggtJ~ Iv oe.b.. peIIDnr &hat IIJIOUaEi duo
haY,1I0C "-' pajd.

J. G1VlHG 01" NOllCU

UDiCA ~blo law ~, I ~ taeCJIod. any aotioe lhIi nul be JiYell to borroww hdIJ ChJI Nola will be &I"" b1
daliYainl nor b)' lNUlAIlt bJ &It ella a.II co DOROW.,. II &hi FOPIItJ ...... Do" or II. cDtfannj addrcN IBonvw__
.1.a I.mcJor. lIOtJoe orB~. 4I1rcnQt IddIcu.
Any ftOtIca Ua&1 muJt bo liveD II La1cfIIr uncIat chU 'NoaI will bllfYea by ftrtl cJalllld 10 Landor Illbf &dlhsl lllled lis
Pmpaph 4(8) or .,. cSia'croal acIdruIlf'Bonowtt II ,ira. I aodGD olth&a dur... a4draa..

JO. OJlJGAnONs or nRSONS t7NDD TRJS NOD

",DINee.oO.,
}hII NolO, - pcnoa II &11)' Gbllplcd
chzwsb NJo
Property.

1rmara thaD OM pdQ!J

cn(or;, iLl n,hfI wader cJda

IQ

keep aU DIllie promba DIldo fa IbJI No-. teDd.-1nI1

oflbe

II, ULAnONSHIPTOSECONDNOD
(A) Sr.coAd Ntt.

Because Borrower will be "qufrcd ID Rpq emou.a&I whkb 1110 ~ mq Db tD ar 011 bebalf or Borrvww pwwn.al 10

Sccuou 2SS(f){1){A) orlbe N&lJortl1 Howlq Ace ~d _ Lolft ~ eM 8e1n1tary'" , . . . . 'B0I1'(lIWIr to pntl Sacond

No" 10 1M Socmal)'.
.
(8) Rdalhnu. ,(Secr.lafJ P"ymlll" t4I thlf N,I.

by CIao S~ IhIB DOl bo Ioch2dcd III tba debt cJJo IDd&r IhIa No"~

,.~JItI

..

(J)

nil No.al udpod ta lbt Sc=tar)'; or

en)

The SocIIIaly '*P'I nJdxncms... by'" Leodu (or elJ

,.,...(1"'7

Ch s.ertEIIJ.

rr chc dl13Dlllnoa de.IcrW In CO or (iI) 0CQJf, U. aU ~ DIldo by die SccttClry, ~ 'araal OD Ibo p&)'mC:d&l,
shirl bt inGludcd In lit, ~L
(0 IIT,n

,n

Borrowr
.

WbcA Ibcn f.t lID IIIIpmCnlOf .......emenC _ dzIIcribcd Ia (BXI) Of (Ii). and Iht S'"*" .As ")11*1&110

Borrv-"'. Ihoa

B~~'UUDOt:

(i)

Bc 1I:qUJrrd 10 piy IOJDum owed WIder thll NolO UDtfI .. SoomIry hu rwpIf'Id ~ mruu 01 all
oullWdlaa prio;ipll lad IOCMeI 1m..... WIler Ill- s.ooad Nor. Ia.ld by 11M StcnCU'1. notWllbllaac!ina
an~ to ChI OOAIrIl)' ilL r...~.7 or~ ~!; or

....

(If)

.'

a. oW1JlIDCl to pi)' ~&mIt or ......~.:.dILl NcU Ie 1111 ....,....... ..... bdon or after
ti. pI)1DIIZdI by tha 8ecIetN1, tAd
or DOl ar;cned ........ "'lDclucbMlm Ib' prlII;ip&1 bI1GoI Gr

wb'"

&hla Nola, ~ ~ t<J Ut. ooClbr)' In ranpphl2 or' of

w. NoM or uy ADonl' 10 Ibll

Noel.

- - -_.'.'-- -

- -

--- _

.._L _.

.. _

',,"

(0) Trv'lI

CoDe)'PCCt of. 80nvwcn i4tcral in the Propc:rty Eo I trust which moot. tbe nquirlmcull of IlIc S.creLlf)'. or COGvq&nee Dr.

trV.t', ""crest i.chl ~ IcPI Borrower, _Ill DOl It. cou141cnd. co.,,)'UCC bJllllPOlCl 010.1. Panll'lpL A tnaI1lb.llllOl

be conaIdc'R:d an occupNal or be couJdtr!d u havill' priDcep.J RlideDce far ptIIPOIeI ortldl 7mpwpk.

I. WAIVERS
Borrower waiftl 1M rtaMa DC pf'CICDtmcnt Md notice or dishonor. -PNlcnCftMQr mean. Ibe nah' 10 ~ft Lender '0 ~
p'ymanr or unlMliJ du'l "Nollce of dl.lono.... mMpr lho ript 10 ~ulre 1.Qderto
lIotk:a ID other pcnOfti \h.l UlJDUII" due
h. ve nOI be. pa.id.

at".

P. CIVJNG or NOTICES

UnlCA .ppli"blc Jew requim djffmut mllthod. any ~i" ""I IIIUIC b' stvon 10 Borrower under Ihif Note *111 bt IIvtn by
do.lfverinlll or by maUtQlll by nr- clql lIUIillD BorTOWCr at &he pro]*111C1c1rea .boYe or ... dltrennt Iddra.t if Borrower hit

alvtn LcDder I aotiCl or Bonowct. durc:ratC .ddreu,

ADy 1aQci" lhl1 nu be pn to Lead'" under Ihi. Note will bo liven by fir'IC e~ ...1 10 Lender II &be addrat
PIrG.ltaph 4{B) or If I dill"cma& adcIru. if borrower is ,Iven I noli~~ gC thai dlrrnal .ddmt,

oS. . . .

In

10. OBLIGATIONS OF PERSONS UNDER THIS NOn

Ir more U111L OM penon atp ,111m No~ ,~h parlOQ II 1\10)' oblip'ed to keep.U uribe prcmJsa made In ibis Hole. l..eftdernu)'
cnrcm:c iw riaha uncS.lhla NO\D onfrlhrouab 1&18 Drlh. Proparty.
LI. RELAnONSHIP TO &ICOND NOTE
(A) S ttoncS Note

&caus, BOITOwcr will be requJrcd lD seplY Imounu which the S~Lar)' may mat, 10 or'DI bchIlf or Borrower p\IlWt.nl to
S~ion 2~.5(i)(1)(A) DClbe National Houslnl A~ end Ulo Lou AJrocmcn~ Lht SNRLu'7 bu requlRd BorfOWCI' 10 IflD11 Sec:on4
NoLe lh. Sectary.

'0

(I) Rel.tionalilp Dr Sccreta f'1 Ply.cnll I, UUI Nel.

P_ymeull made by die S~lIry shall nol be incl~ded in 1M d~bl duo 13. thi. Note uafClI:

(i)

ThlJ Nol, lI.aaJptd 10 lh' SceroIary. or

(Ii)

lba Seaetar7 ICCCpll rcuoburaan"" by rh~ Lctndcr IDI' all p&JII1OnII II1Ido by 1-' Sccrwtlty.

If the C\mlms~CCI described 1ft (I) cr (B) oa:ur. lhen .n p'rQlCltlJ made by Ihe Secntary. inCiIudin, intM'Cl& 00 the pI)'rncnm.
'hall be Ulcludcd in the debt.
(C) Ilfec...a BDrrower
Where lbc:ro" no wilftmcn4 ornsilnbwwcmCIIl as du<:ciOtd. in (B)(IJ O(U), Ind lhe Secnluy aUs pa~ 10 BOlT~. dtGl1

Bonvwcr ,hln nor:

(i)

Be required CO pay amounll owed under lhi. NDle ""dllhe SeGrct.", . . nqwrcd pI)'mCIIt m tuD or.1I
ou&s&Mdtnz pril:ipal and &"",cd 'n1crut \D'1dCl'. the Sooand NOl. h~1d by tho S~"C&1Y. notwllbstandiltl
an)'lbin. to UI. GOnIBI)' ia p.,.. .~~ ,7 or thii ~~la; at

(Ii)

Bo obllpl.oc! co pa7 inlal:lt or IharoO IPPROlad6DUlidcllhil No.. allG1 time, whether aeend berort ar.ftcr
the ~~LI by Ih~ SCGlCWy. ,nd whca= "'IOC'~ In~ lip bcea illclvd~ III tbo }lriacipaJ kJIIa or
chis NOlt. aotwithnancUn. aaylhlAllo t.bc contrary In rWlpphs 2 or' orebil ~ot, Dr M)' ADonae 10 ....,
Nole.

Pcecl8pc N. CIDaple

ADJVSTABLZRATE SECOND NOTE

(HOME EQUITY CONVERSION)

STATEOFFL

June 05, 1008

FHA. CU~ Nuabcr: 091-440574 mn..z55

. Loin NUJlJbtri BJOO

PROPERTY ADDUSS

10'% rw UStIl Lo.p

Oat., 'FL 34411

tl DEWmONS
meal caeb pc:nQll lipinZ at lb. cad or thb NOCt. St~r-tII1"
HOUIU\llnd Urbln Dcvdcpment or bSl or her lathorize4 reprcteJlII1hCl.

-gorfOWer"

Qr .~

ruan,

SecrI.cary of

z.

BORROWER'S PROMISE TO PAY; INTEREST

In nn&nJ for &mOUnt5 to bt .dvll\ccd by Lender up ID rnW.tJnim prme.ip&l ~l of OAt auadnd N1IIeIy-Elthl
Thounnd .IId oonoo Dolkrs (Sl",OOO,OD). to or Cor cbe bcae6t ot Bomtwer UDder Iha ..,. of. Home equll)'
Convcction Loan ~C11l d.1cd JUDe 05. ZOOI
ApecmcQr), 'Bomww pr'CJD:Ib_ CD pay 10 ~ ardor 01
Lcmkr I prindpll amcnanl equal \0 lbt I\JIn orllJ toM Acl~ midi . . . Ibo Loa ~ wi\h Jn~ All
'lJX)UD~ ad~anood by Lendar. pM JQ~ if not paid earJitr, lit duo ImCl S-y.blc on Oe.tokr' 11,
u.ren:.c will
be ~hlr&Dd on ~ld principal It dtc rue 0( Thne ."d '''100 peroe:4' (J.HO%) per )WI' umiI rh6 1\10 lmount of
~ipll hu heal paid, lM inlcn:Sl I"I1II111Y chaQlB InICCOl'dancl with PIrqrapb' ortbbl Noll:. At lhe end orudl
monlb. accrued j2JtCrQt ahaJ1 be added maad mad~ pa1 of "'"' ~ipll kw." ., Loan A~GC ~ JhaIJ Jikcwia
UtcrcaDcr bCltr inlUCSl.

ru-

me.

J. PROMl$1 TO r.4Y SECUJUW

IlornrNdJ pmmifc &0 p"y b MUnd by JIIDJfpp. deed of INII or Ilm1lu Icwrity inmwaat that i. dued 1bc Mme
dI~ u this Noll: an4 caSlEd th, Stcwi~ 1NIrwncDC- or Us, Seooad Security 1rIslnm\ul". The Scwrit)' lDstnI...OI
plOteCU the Leada' 10m IOIla "'hiclt ml.Jn resull if Borrower dafaul1l
&hiI Noca. Borrower.1.Io CQQ)&ed
Farll Sc=unf)' lastrumcat &lid First NOlD whcoo tbI: S~ond SDCUrit)' Imnmcmt and thiI Nolo 'ftre cxOCUWd.

ft"

4, MMNER 0' PA YM.Dt,.'

(A) Time
Bonowt.T lb." pay &11 O\Ilstandlna ~I! and KCMld lac~ 10 LeDdel' upon ","ipe or a DOLice by Lender mpiriq
immediate p.ymel'l in ruu, u provided b hn~pk 7 Ihls NOLeI

or

(B) rlace

PI1fIICnl ~IJ be rudt It the Ollloo or the HOU$Jn&~ CCmplrOUu, D1recror r:( Moltp,. I ~ Aoeountiq
Ind Sm'i~& ~51 7th Sl*~ S, W. Wuhm,tom. DC 2041 DJ or U2)' M:h other pflQO U Londcr 1M)' desipl. in
writil\l by aoti~tto BOrTGWCI',

(CJ UmU.UoA of LlabWt1

BDrrower ahaD bJVl! DO pcnoaW ll&bUicy fOJ payment of 010

Lhc ~ ~vcRd by the StwrHy lnsInImCDt p~,

I',

~~ Lalda

It\alJ CI1I'~ lb. deb, ODIy throuah saS, of

".'.

(A) ChUlCt Dare

Tho tnlcrcsl nolO may change on Iht rim da, of S~tell.bcr 1. 2001 aod 011 _ that day of each lUCCCOdinl re-r. or
2L \k (n. day of eecb aua:tediDllboaClL Cblap Dale moaat n;.b dati oa whJ~ Ib' iD&eRIl , . could ~bU2P.
(D) Tb, Indo

Begioniol whh lhe Grit OwnJo Dato. the inttttJt rite wiD be bued OQ an 1Ddu. "Index'll mcaor lho weekly 1VCftIC
yi~kt 011 UAited $(Ilea TI'CIUIn1 Scowiti~1 'Id~'cd to. CoOUIlllI malWiry ofono,ar, .. maeSe ~latlo by the F~I
Reserve Board.. IICwm1t Inder' mcaas Ihe ~c TeQen1 bI= fil\l= &\'IiIabJ. 30 clay. before hI Cbaop ow. It 1M
IP<lex (u dcfU1ed above) is no IoDp' lai1Iblo Len"- wIn .... II new Jncis( my indu prucribcd by 1be ~.
L;ndaw11t 1M Borrowwnollco of&he.rrovr ra~n.
t

(C) C"euJlrlon DI JJ\t.rut R.,. CUD In

BolQIC uch CbN\p Otto. LcDcW.nu QaJQUk~ I pew iDCtlaI,..~ by &4diql ftaIIaia or J-SOO paetmap poi1)U '0
1M C\uTmc rnd.~ SUbJel to lb. timitl f~ ID PIIIFlpb 5{D) ofUW NOCCr Chit AmOWIl MIl b. &he new UJ&cIWI nalf
unlit Lbc nell Ch.~ DaLe.

.~

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Con~

()(. SonPw'. intanlSl ill lb, Prvpody CO tnM wbicli .... till ~II
1M ~, or
iDlGfttr I. the 1raper1)' to. Bonowv.lbaJll'OI~'CGalfdnd. crinft1lDCllbr ~ o(
chis P~ph. It. WIt ~ not be considered an occupIInt or be ~ tJ UriaI A priufpal rmtc:nc. tor
purp~e.t oflhll JlaaqrapIL
~1M)""c:e cr,1nutI

& WAIVERS

Borrower .Itvta rbe rip.. of'pracalmlllllDd nodot ordllhcmDf. ?toIcD1mlftt' mcanr the ript to ~ teruSor 10
damwd paJml"l of
due. -HottCl of cUlhollOC" me&nI 1211 npt 10 NqUbe UnIu ro I;" UOIlct 10 olher
pc:r1001 &kat IrDOVonta " .. MW DOC bc::aa paid.

&1710"

,. GMNG 0' fitrnClS

"Is

wm

u.rca eppncablo tIW ~ I cllrln:m -&bod. IftY ooGco &hal RIIII be PSI to Bonvwct under
N~
be
II"" by deli'lll'in.lt or by auom, II by tbIl ella inaiJ 1D Bcrrowa' IIIbI pIvpcrty.~ &bow or tJ. clJlfeM
addn:sllt'Bcm'owcr hu Rival u. Socre1l:y DOtiDil orBorrowa'. dUfen:d Iddfta.
Any nDlIect d~'1 camf bl.lvlQ co U1~SocnIuruzutor Ihll Nota wiD be Jlven '1 11m oJualllllJ Cb Lha BUD Pield Omce
wtLb jarisdlcdaa OWII' cU Propcny 01 1111 orber addruI duJptlCl by t!at SIC~.

10, ODLIGA.nONS OP"PERSONS UNDER THIS NOTE

Ie mora Uwl an. petIOn IIpIIhlI Note, ea.ah puIOn II ftd Iy obUplld ID keep aU of cho promiM n*a In W. Wort.
Landor rna'! .roroe til rlJhll uncbr dW NOCD QJlI)' Ibroup MI. oIdae Prapmy.
Ie. 1llLA.nONSRJP TO msT NOn
(A) SKond Not.

or

Bc:cuao Borrvwer will bel raqulml 10 . 7 amounII wblr.b chi SeClCtItf ru.y mab r6 or 011 behalf Bcnvwer

pwsU1l1l1o S;daD 1S5<rxJXA) cr~ N,dcnaJ HoUli111 Ace ~ the LoM ~r.. die SecrerI'Y'" ~

Borroww 10 pw Iblt N. to aha SaenW)'.

(B) Rel,UDublp ar Scene_" Pa)'mAIi to I'\rar )tlo-'

'.ymtnU m" by 1b ~ thall bo i.. cllldad In rbe dobt due undDr thIa Noll uDlcM;

(i)

Th. i1n1 J-'ot, " ... lpccl to lhe S~ 0"

(it)

lb' S~ aeccptl "JmburscmtCU by ~ Lender for aU pI)'mGnb, mtde by tbe ~,

'0

If the dmaNt.,.. daerib~cf hi Of (If) occur, aMa all pI)'mcntl mad. by IlJe S~.
"yYaMlltIw .hlU btl 'nalwW In lbt ckbl under lb. Ptm )lou,

Inoludina tn*-' 0" Iho

or

(C) Nolk4 I".lt'ut,lW. AdJuU.pb

Bonowu qreq ~ u loal u Cbe holder ofcht Pim Nole conrinoea 10 mab Loan AdVlnCOl. any ponce qrfn&CRJt
nl. adjvltmtlrt ~YIll1 10 Jlom)wer wadar Pmplph S(B)" o( tbI Ph" NoCt lhall .110 be oonltdcred I~ be DOCfe- 10
Bonower under rtrappb ~ orchil }ole,,- 10 lh ,lie ~ ',l~~
.haD apply Cor tho FbI' Nata .Dd lilt. Nor..

n"

BY srONlNo BBLOW. Borrvwer &rapJ and ~.10 me ItnnJ and eo"" ;ont&!ncd in ,hit Nole..
Olted:

~<'N5 5'
~,
;r

~;:::':tGr""'!:I~

~~~'$~

.~~~~tur.l0l. fL4 ' !-"M~.~-k--::G~m~.,~lc,-Ttwt~-el--------

('

Tru,ta.

(1)

or I Bonow~, illtm:tt In &he Property CO I Lrull wbleb ..... &he req.Jraru:all Or the Secnuty. Of
conveyance Dr I SNIt'! inlercatlln .110 p~ to. Borrower. IbdI ItOI bel cDIl,iclen:d ClOftW)'lnct for p~ or
this Panl"lpL A IrUSt .hall neM bt c:oNidmd In 0CCIUpIAI at be goasideted at _villi principII re.sldlilce for
purpOUJ or &hi. P"'lrl ph.
Conwyan~CI

a.

WAIVERS

waive. u. riahll or prwanlmtft1 and nodce of dishonor. PmllntracnC-1M1nI cht rigbl 10 require Lender to
df.mud 'P'ymal of uno..." dUB. "NOtiCe or clisJ\onor' means lhc. nlhl 10 ftq\Ih Lender &0 live nolice 10 other
pm~ns ,ba'III1O\lDCI du, have noc1teUl plid.
BD~"et

9. GIVING 0' NOTICES

Unlcss appliubtD mw ~im I diIrCl'C"l method. any nDlice Lhli ID\&It be li"a'1 U Borrower undu Ibis Nace will bo
CivCC'l b) dclivcri"l il or by maii"1 it by rtl1l olast mail 10 Bonower 111M proPOr11 IcIdRa lbove or I( I differeD'
IddreJi if BonoMr hN ~iven th' $CQlclary nlMicc of Borruwer'1 ditTenni ~'L
Any noc~ lbll musl bo siven la aha Secrellry under Ihis Note Mil b' liven by nfl' ~.w mail 10 I~ HUD Pi.ld orooe
wilh Jgrildi;1ion oyer the Prupert)' ar an)' olhr.r addrus dcsilll ed by tho Secretary.
10. ODUCATIONS Oil PERSONS UNDER THIS NOn

If more 0..1\ one pelWft sip. Uli.

Not~. each penon i. ftilly oblil.led ao k.oep .11 01 ~. promi," made in lhir Note.
l..eIlder may en(OICO III rtlbll under Ctlls Note only IhrDueh AI, orlhc Propeny..

lJ. RELATIONSHlp TO FIRST NOtE

(At) SeCN cI N~Ec
&tI\Qc Borrowcr will ~ rcqu,"d to replY ItnCMll which the SocrctaI)' ma)' make &0 or on bdlaJf or BvTlOWCf
pw1~nIIO Scccion ZSS(iXl)(A) of the National Howinl Act Inc! the Loan Asrecmcnl. lhe Secro~ It ~i~d
Borrower ITt'" ."., HoI. t~ che Sccre.,.

'0

(8) Rcl'onJldp of Sec.ret.". r.ymtnl' 10 F1rae Nole

.

rlymCl111 m.dc by ibo Soc:rctlr)' cblll be lnelDdcd 1" Ih' debt due under chit Nolc IJnlcu:

(i)

Th; F!rJl Noat i. tulpr.d ID .110 Scc:retaT)'; OJ

(U)

"111 SecRtuy acc,pll ~Imbvnc"""~ byaho Londar fDr' .11 plymMLJ lII,de by Ihe S""l&ry.

It tin: circulnl&aDOet d.~n"becf in (I) Of (ii) ote'UI. Chen aU paYTl1cnb mid" bY thI SemlUJ. incladinl in'tmf on Ihe
paymcnu. dull be ill,1ud~ tra the deba under tho Fil'll Nole.
(C) No'1" .r Inerrut A.lo A.,..tme-lJ
BotTOWW
"'1 u Ionl tho holder 5h~ F'm HOle contlCl1les 10 II\&b LollI AdvanCCl. In)' notice of Inl8rUr
C'I~~ IdJustment livaD 10 Dorrower tmder Panplpb '(B) Df IhG Fint NOCI Ib&U also b. consJdesrcd to be 1JOIlcc to
Bo~wtr \lad hn~b '(E) chb No", 10 ~ tbt aaudt.~1m11 rUe ....0
the Ftgl Nol' _ Utll Nola.

'I""

or

.ppt, ror

or

BY SlGNfNG BELOW. Borrower ICUptl arid Izn:es to the ~ and

Ollod:

~~

' ..nclope M. GUlnpt,

readopt M. Gillespie, Trv.r~c

Stoon4Hotl

;2a;:,8

COvtnllllJ

tanaaincd in 'hb NOlo.

-.

. --. - ..

~pa~~~:

__._---

--~-

-~

D'tVl) R. B.LSPEfUW4N. Q..ERj( a:~~COLMY

RacorQing Requested by &

When Recorded Return To:
US Recordings, Inc.
2925 Country Drive Bta 201
St. PI!ul MN ~~lt5-aS

-.

DATE: 0612512008 12:55:34 PM

~. .10

FILE ~ 2008065289 OR BK 05057 PGS 1670-1682

ta:1~

~~

RECORDING FEE8112.01

rtJt.

MORT DOC TAX 893.00

INTANG TAX 396.00

uberty Revcnc MortPle. LDO.

10951 White Root Road, Suito 200

R.ueho Cordova, q.. 95670

FHA Cuo Number: 091-440574IJ952-15S

39100

~~

ADJUSTABLE RATE

Statl olFlarJda

a:QMB EQUITY CONVDSION MORTGAGE

.

. --AN
,IV!'

o-~

THIS MOR1GAGB ("Security ~ .. giwa oa JUDI as. 2088. Tbe raortpsor is Pcaelope 1\ ~ Nel J. .

Gmesple and Mark GIllIspie, II Co-Truateu of TIle OUIeIplt FadJr LhiBI Traat AFM_eat dated J'ehruarJ 10, DJ7,

whoBc address is Ion SW 115t1l Loop. Ocala, PL 34481 ("B~ ThiI Socudty IDstramalt is pvcnlo LIberty ltIYen.

Mortpge, 1m:.. which 11 orpajzed aod edstiD,1D1der Ole IawI oftbc .Iate of C&Uronl, &Del wbole address il10fSl WhIte

Rock Road, Suite 200, RJmdlo ConI~ft, CA. ""0 ("Lauter'). BODOWar' hal aped to ~ to Lader ID101JDtI which

Leader is obligated to advaucc, iueJudmg 1bIuro adwDceI. WIder tho teaDI orallOJDD Bquity CoawnloD. lAm Agreetncat d&t.cd

the same date IS ibis SCcurit)' 1JJsImment ("LoaD A~ Tho apemmt to nspay fa eYidaacod by BCI1'OWefI HOlD dated

tho samo dati u rhII Soowity 1aItnImeDt ("Natoli). TbiJ Secudt1 Iaatrumad IeCUIeI to Lcodor: Ca> tho npayJIalI oftbe debe

cwidcaced by the N<a, with inltnat at rile subject to adjustmeDt, aDd an =awaJa. CDCfaJIiouIIIDd modl&adoDS ot the Note.

Up to I maximum priDoipal meum ODe Hwulnd NlDety-ICIPt noaaad 84 OOIJeo DoIIan ~OO8J1O);(b) the payment

of all ether sums, with iDJmrJst, advanced UDdct Paragrapb , to pro=t the IICtUitJ ofthia Seowity IJ1.sf.rumeat or 0IhanriIe due

under the terms of this Sccuri1y laItNmcDt; aDd (c) tho porformaDce ofBomnrcz'. covemmts and aareem-ts UDder tb1I ~

Iuatrumc:nt cmd the Note. ThG ftJ11 debr. iDcJudiaa allamowdl delcribcd in (a), <'0), IIIld (c) above, If DOt paid eatier, iI due aad

payable on October 2f, 2080. Por this purpose, Bonowcr doeI baby IDDltiQe. pat IDd ~Ye11O 1..eada", the fo1lowfng

descrlbed prop=ty located ia MalaD CQUDtyt Florida:

.
Tho real property locateclld tho ~ 8092 SW l~Stb ~i.Oca1a, FL 34481, iD tho County of Marioa. stale or n.,

described more fhIly OIl Bxhibit.Aattachod to dd. Mortpac.

.'1,

wrm

TOGB1liER.
all the improvemmiS DOW or h=rcatbrr =etcd OD Cho PJOPert)', aud u! Clscrraft. rJpta. ~ IIDd

fixbarcl DOW or bcIuftar a part of tho ~petty. Alllq'lJ1Ce11la111s ad additioDI abaJl 1110 be covered. by ddt Scaarit)r lDIb:mJeDt.

All of the foro&cinl it refemd to in ~ Secarity InItn2meIJt 81 tho "Property.

BORROWEl COVENANTS that ~ II ~.eiaod altho estate IJereb.y CXJDWYcd IDd hal tb8 aPt to marlpp. plat
and convey ahe Property IIJd that the' Pn:Jperty it uaCDC:QlDbcred Sorrowar WIII1II1tI IDd will ddmd paeraJ1y the lido 10 the
Property apiDst aU oJatma ami domeods.I1IbJect
to my ~ ofJeCCmL
., ;
THIS SBCURrIY INS11WMBNT ooiDbiDc:s uniform CCMDU1tI for Ddcaal 11M and nQllMlDifbrm ooYClDlQll wkh liDdCld
varialions by jurisdict10a to conItfhle. wrifmm Iccurity fDICn1maat DCmI.'ioa !'AI propedy. .

UNIFORM COVBNAmS. BOITO"MI' aD.d Lender ooYOZIIDt and apo II folkm:

n,-Mmpp

'7!/rj, #
{~

Book5057/Page1670

CFN#20080S'S289

Page 1 of 13

2. P81Dlnt of Propert)' Claallel. Bqrmwer shall pq all pzopmy dJazps caDlildDll aflllxel, II'OlIDd reaII. 800d IDd hazard
luuraneo prelJliums. IIId II*lalllllelamenta ill & timely DIIIIIJKI', aDd thall prcwidt ovideDco ofpaymtJDt ID Laufer.
UDless LCIder pays prupmty cbqes bf wlthboldiDl fbadI 10m IIDZIhly pI)'JIIIdI due to the BomJWw or by cfwIin8 IUCh
PIYJI1CIltl 0 Una ofcredit .. provided for lD tbc Loa ~
3.. Plre, JlIood ad Otber Hazard 1JIIurure. Bomnftz IbaI1 iuure aU _
on tho P%operty. whother DOW ID
exish2Joe or subleqaeotly c:reetecI. apiast say h8z8rds. CIIdIItIeI, IUd COI'tkzpncJcJ.
fire. l1aiI iDIarInce Ihall be
mafaIaiDod ID the IUJOID2tI, to tbe r.adcnt and fbt fba periodI RllUIred b1 Lacdel' or tho SecnaIy of Roaama and 1JJban
Developmast rBCCI'CCIry"). Bonowar Iha1I also iuum aU ~ DB tile Pmpcdy. whether DOW ia exiIteuco or
lUbsequeDtly mected. apinst lon by floodI to !be aImt requIm4 by 1ha SecRtaJy. AU IDaurmco Iba1I be carriod wid!
compIDiea approved by Lcmder. 'tho iaIarmce po1ldel1Dd II:1J ranewa!l1!Wl be held by Landor and ahaIl fDclude loa plyablo
oJaDlel fa favor ot and III. form ecceptablo to. Lender..

-"'ma

In tho cmmt of loss, BoItowc shalllivo Lender IDmediare 1lOtko by maiL Leader IDlY mate proof of to. itaot mado promptly
by Boaower. Bacb fuuanco company concmJed iI hereby aud10rizcd aDd directocl to mab pqua1t lor IUCb. loa to Leader,
iDstcad otto Botrowar and Lader jointly. IDsuraDoo pmceodIlhaD be applied to ~ or. , of Ibo damIaed Property.
if the restaradon or repaJr i. ecoaomically fcuibIc mel LeDdel'lIOCUl'itJ is DOt 1eIIoDed. It!bo m1DndoD or RpIJr is not
DCODomlcaDy feasible or Lander'.lOCUrity would be
tho IDstuaDco procoeclIlhaIl bo appDed fiaI to the rect1JCdcm of 1D1
iDdeb~ tUJdcrr a Sccaad Note aDd Scconcl Sccudty !DICnBneDt held by die StCIeIIIy oa Ibe PJop8l't ad than 10 the
rcdu~on of Iha iDdcb1edD_ wder: 1bcI Note and ddI" Secariry J.aattumat. Any GIC8II IDIuraDco pJOOCOdI OWl' aD IIJICUDI
required to pay all outstandiDa iDdcbCcdnea under the Note and tbJ. Security IDIlnmeDt IbaIl be peJd 10 the eadcy legally
CDtitlcd tbcrdO.

less_

In tho ~VCQt offorcclosuro ofthil Seeurit)' 1DmmJeot or other lranlfer oftitlo 10 abo Property that axtinpishcs Cbo iDcIebtedDca,
all rlcht. rJdo aDd idtenst orBoaower in Ind to IDsaraDce po1lcIes 1D Coree man pw 10 the purobuer.
4, OccupaDC1, PreserYatloa, Mabtfellaace aDd Protectioa or the Pnpertn Blrrower'l LoaD ApplicadOD; Leuchokll.
Borrower .11 0ooupy. estabUab, . . use tbo Property a Boavwn priIloipal telideoce del" the execudcm or Ibis Security
IrIstrumCJllt and B01TO\Wl" (or at ]cut ODe Borrower. ffiDItiallJ moro than ODS pct'IOD lie Bonuwera) IDd sba1I COIItiJme to occupy
tho Prapcny u Borrowor'I pdnoipal RSldenco far tho term otthe Socurit7IDsWmoat. "Prinolpall18ideDoeljlbal1 h&vo the same
Ulcaomg as ill tho LoaD A,roemenl

Borrower ahaI1 Do& commit waste or ~. cIaJna&e or fUbsIantially chqe the PropGffy or allow tho Pmperty 10 detcdomto,
reasonable wear aDd tear exceptad. BolI'oWGr IhaIl also be in da&d It Borrower, duriDa the Ioaa .ppJtcafion procell. save
materlaUy &Ise or Inaaourate hdbnnation or ~ to ~ (orfaiIed to provide Lcmder wirh aDy mIIeriaI infbaaatioD) iD
connection with the Loan cwideaGCd by tho Note. iDcludlq, ~ lio)'UmJDOd to. repceIOI1bI!Iom ccmceming Boaowen 0CCUJ'8II'Y
of tho Prupert1 u. priDoipa! raidoaQO. Itthll Seourity ~is oil.leue&oId, Borrower IhaJI comply wJth the provifiozil
oftbc lease. IfBozmwcr acquDa fOe titfe to Ihc PlOparty. the lcuchold IDd &e tJdo Ihalluot be.JtJCrPd 1UlloII Leader IgMS co
mcrpr in 1Vdtiq.
S. 0.&1'111 CD BIJI'rOWW aad ProfecCioa of Leader'1 lUgfJCI fa file PnPertJ. BomJwcr: lhal pq an gOYeftllllf:ldal or
municfpal charges, fiDa IDd impoIidoaa lbat are DOt IDcJuded ill Paraerapb 2. Bonvwer I1Wl pay tbae oblfgatioal OD time
directly to Cbo catitywJdGb is owed 1bc paymaat. Ir&lhn to p&ywould I4venc!J a&ot LeDden iaIeteIt ill die P!upmy, apoa
L=dcr's n=qust Bomnver an promptly fbmflh to LcDder reooipts ~ tbeIe pr;ymeoIL Bomnw:r ahaD promptly
d1scbargo auy Ucm wbfch hal pdority ovar thiI Secarity Instrumeol in !be 8DIICl' providccllu PBrIgl9h 12(c).
If Borrower failI to make tbao paymeaII or tile pmperty

cbIl1aI RqUind by Paragrapb 2.

or U. to pe:rfomllDJ oIher
Jop1 prooeedlnS tbal1D8)' ~ aftict
LeDdCl'1 riPIi m1he Propany (such ~ ID bllJbuptcy, for ocmcfenmetlaa or to eaforoe 1awa or replatIoos). 1bcD
Lender may do aDd pay wbamr fI neceIIII1lo protect !be value orb Property and LaPdcr'I rights inlbo Propony. inc1udiq
payment of tlXes, hazard imurIDce. and odlor items mendcmed iD Parapapb 2.

covcnama aod agn:emcntl QJJ1taloed ill tU SecuriIy IDscnImont,. or there is

FL~~

IJ 7IJ.)'.

PIp

~#I

Book5057/Page1671

CFN#2008065289

Page 2 of 13

To protect Leaden IOOUrily In tbe Pro,erty, LeoIer IbaII a4vaDco IDd . . . 10 Bouvwer alllIIDOUDfI due to CILe Soc:m&ry tor
the Mortgage Imurmco Pr=ium C~ u doftaed ID tbo LollI A~ II weD III aU IUDII. due 10 the loaD aervioer far
lClViolns acdyJdcs ("Serv1cina Peo, I I &s1lQcd In 1he Lou Apcm.ast. Arr/ amouatI cIIibadecI by .Lcmdar under thll Parapph
aro obJiplOfY aacJ ahaD become 811 acb!Noal debt of Boaower u pnwidecI for ill tho Loan ApDemeat IDClIbaI be RQII'f:Cl by

this Security bstrument.

.
6. wpeclloa. Leader or irllgIIlt . , eater on, bpect or make IIppraisab of tbo J'n)perty In a IOIIODable maancr and lit
RBSOaable times providad that LcDder sbal1 dYo tbo BomJwer nodce prior to lIlY iDJpectioD or appra1lal ~8 pUIp080
for the lDspecdan or app%Iisal wJdclx JJlDst be re!aIed to Leoder'I mleftJlt In the Property. If tbs Pmpa1y II Y8CIDt or abcadoDad
or fM loJU is in dcdimlt; Leo&t may fake ~e BCCioG to pIOJect and preserye 10Gb \'8CaI1t or abaDdoDed Property wIIbout
DOdc:c to lho BomJwcr.
7. CeudeJJUl8tiou. Tho proceeds of my 8WIId or claim fi1r damageI. dircc& or _
fD eoauaIioD. with lIlY
. , coadmmaticm, or ofhor takiDg oraDy .part. 01 tho Property, or 1br 00II'fe1IJIC0 1n.P1aGo atCX'"d"J!M'ltion Iba11 bc"pajd to L=dcr.
The proooeds sbIu ~ 'P9Iiocl fInJt to 60, Rducdoa of any iDdobIccfDeu lIDder Scoaacl Note aDd Secoad Stoudt)' JJIIIrUmeDt
,held by tho Sccrotary em th, 1'rop0lty, _ ~ to the rcducdon ortbo fadebtednesa undarthe Note IDd1bic Sceurit)' 1nItn1meat.
Any cxcoa proceeds over an amotmt requin::d to pay .n ou!sIIDdID, ~ 1IQdar the Note IDd this Seomity Inttrumeal
shalt be paid to the entItY legally OIIudctl1bc:Mo.
8. Feet. Loader may col1ee& fees arii dlups authorized by IbI Socretary.

9. Gro1Dldl for Acce1eradoa or DclIt~ ,

(a) Due and :ra,ule. LeDder miy '[equire immediate PayI1\ODt ill tbll oCalll1JmC sceuted by thiI Security lDItnuDODt Jf:
(J) A Borrower mel aDd ~c 'f~ppottJ is aot the priDcipal rcaideDce of It least ~ IUJ'Ylving Bomnror; or

m_

AU of a Boaowor'.
tho PIoperty (or hia or her beI2cficIaI
ill ~ bUll 0WDiDI all or pan of the
property) is lOki or o~ile irIaIferted IIQ DO otbet Bonuw retaInI Ca) tide to the Property iD fee simple, (b) 8
leasehold under I lease f.6t DOt loa tluII1 99 yeII1 whJcb II ftlWftbJo or Ieue haviDi a remaiDiag period of Dot
less thm 50 yom beyO~,j the date of dJo lOOd1 btrtbday ollho youDgeIt Bcirrowa-, or (e) a l1te eslale in tho
~pcrrty (or a beneficial ~fo't in a1lUlt with sur.b III IDtcftat fD tho Pruperty).

tItii"m

(Ii)

(b) Due aad P.yahle with Secreblt)' ApprovaL Lender may require immcdiato pay=e.at in NO olen mms IOOInd by thiI
Seoarity Iutnamalt. upon appro~nl by III aalhorizecl ~ ofdJo ScQretary, If
(i) The Property ~ to ,t;-, the priDcjpa1la1deoce ofa Bo.aowv rat teIIODS cthor thao deafb ad tho Property is
not d10 priDCipal roa~~ at lout ODe other Borrower; or

~l

or

(d) For a period of loqer tba~ twelvo (12) ~ D1fJnIbl, !Jotro1wc &ill to pbymcaJJy occupy tho Property
because ofphy,lcaI or ~~ 11JDca and die ~ iI. AOt the principal raidoDco or at leut ODO OCher Baaower;

or

'.'

(Hi) AD obligation of thO Bcr.;i>_UJ)der ~ Becurlt:Y Iutnrment iI not ,erfolmecL

',' (e) Nodce to Lender. Bo111JWer'~d1 ~ .LaDder wb=tR any of the mats ~ in wbpliapepbs (a) and (b) oflhil
PlU'apph 9(.)(i11 or (b) 0C0\If. '. .'
(d) Notice to 8ec;ntary aDd ~~. ~ IhaI1notify tbe SocmtIIY 8DCl J3oacnfer. whcmcwer tie 10m bcoomel duo
, '. ':. and payable nuder thII Parqraph. 9(~Xit)ad. (b). Leader Jball DOt JIaw rhe rigIJt to commeaoe r~ until BomJ~
baa had thirty (30) days a1b:tr DO~ to:either:
(i) Cotrccc the matter wbkifi ~ in tho Soeudty IDItnJmcm.t oomiJra due ami ~bJe; or
(n1

Pay the baJaIlco ita fidI;"or ;

).,

(iii) Seu Eke Property tor the 1,*, of tho bal8ace ,95% ofdlo appraiIed va1u and apply Ibo Del prooceda orthe aale

. .

;....

l'Lr~

hp3

f1J)lJ '

.. '..'.

',~;

l't:r

".'

Book5057/Page16'7,2

:1

CFN#2008065289

Page 3 of 13

~......

" "

4. I. ". " _..

.. "".

.'It

,f

Or

.. .,

toward tho baJance: or ~

(Jv)

~ tho Leddcr with deed I.a Ucu offoroc1olure.

(el

'milt&. CoJMyaaee of. ~ loII=at fa Cbe Pro~ to. trail which mceII the lCqafs_ oftbc SoandaI)'. or
convoymco of a IraIt'I fIdeIacI ~ P!opert)' to Bouowet, Iha1IDDt be COI1IIidtJR:d OCIIlwyaDCCI fbi" pIlpOICI of thiI
Paragraph. A UUst sbaD DOt be ~clnd an occupant or be comidered haviq I prmeipII n:sIdaaco fur purposea at this

.ID:

Parappb 9.
(I) Mortpp Not Iuured. BoaoWer IpOI that Ibou1d th1I Sccurit)' IDstmmem m! tbo Note nat be eliciblo for iDlDraDce
uncia' che N&t.ioaal Hoasiu& Act ~tlJiD cigbl (8) mcm1hJ fiom Iba ~ ~ Lader may. at hi 0)Jti0D. nqaim immediate
paymeat mfUJI of an IUIDI socu:cd by this Security 1DICnDbcmL A wri1tcd $tIIemeDt ofaay aathorizeclapnt oftba Scc:retasy
dated subacquent to ofIht (8) montbI!Iom dto dale bcnot; decJiuIq to la8In dlII SecurIr, 1DstrumeDt IUd 1be Note.IbaD be
deomod coucluslvo pcooC of ~ ineligibility. NotwithstandiD,lbo inloiD& thJI optlOD may DOt be oxcniIed by IADder
wben the unavailability ofiumuco is ,oJe1y due to 1.eI1dcr'. fiilure tD rmdt modpp IDnraDce pNaIfum to tIKI Seorauy.

10. No DefldeDq ludpDeDts. Boaowcr sbaI1 have no petIODIl UabfUtJ for paymcmt of die debt IOCUI'ed by Ibis Secari1y
InstrumenL tender may eaCome tho debt only through sale of the Plopcdy. Leader IbaD not be pcvmittod to obtain. defioicaey
j Ddgmcnt aplnst BOITOW'CI" if the Security lnstrumeot Ja f'orec1oled. If this Security IutnaueDt JJ UIIped to 111" Secmary lIpOJl
demll1d by th, Secretary, 'Boavwerlball DOt be liablo for any di1ferenco betweeD Iho mortsale inmrance beafitl paid ID LeDcIar
aDd fhr: OWStUding iDdebtedneu. iDcJudms accroed iDtrzeItt owed b1 Boaower at tho tJma of'tho anfgnmoJlL
11. JldatatezDcmt. Bcmower bas dght to bo reinstated itLcoder hu ~ ImmeelUate paymeat Us faIL ThtrJ right appIiel
evea aft8r foRdolure pmceedlDp are iastitatDd. To rrJimlato this Security ID$tnmLeat, Boaowor ahaU can'CCl the caaditioa
which resulted in the rcquiroIneDt for jmmodiatc pI)'D1Obl in fWl ForcrJomn 00I1I111d 1UIOUI1J1l1UId customItY aualDfl)'i leu
IDd ~ properly llsocialed with 'fbn:oIoIuRJ ~ shaD be added 10 tho priocipal balance. Upoa reiDIIatemeDt by
Borrower. th1a Security IDItrumem and tho obliptioal that it IeCW'OI ahIll romaID. ilL ef.&ot .. II LeDdar bid Dat zequln:d
fmmodlate pa)'II1cnc in 1blL HoMWet, Lender JI DOt rOquimf to pcanit rclnsiatemeat ff(O Leader has ace:epced ~
after the commcmcomeat of'forco1al1n pmceed.inp withJn two (2) ycara imntedia~y precedIaa the COJDI!1OIIOeIDet of a ~.
fareolosuro pl"C"""ting. (iI) rallS'aloa mt wm preai&do fcnc:1.oan 011 difreralf gmuDds 10 tho filtzim, or (iii) roialCatemeDt wW
advt:rxJ1 .Woct the ~ ofb Sccudtr .IJIstnJmcI1L

11. FIrat LJea Statlq

(a) ModiOcatlou. BoIm'Net aarees to extcDd tbfI Soc;udly I.DatnmDtt 111 ICCORIaace with tbfs Paagraph 12(1). It Leader
detenninellhat tho ori&ibal Hen IIItUI ofiho Scoudty Iaatrumeat lr joopadized 1IDdar mto law (JDcIudiDa bat DOt limited to
IituadODI where the &IDOUZIt soourcd by d1I Secarit IuIt.nImeut eqaall or aceo4I themaximum prIDaipa1 amount ItIkd or
Ihe DJlXimum period under which loan adv&DceI1dUl ~, .-me &en priority initially snmted to loau advance. hal expired)
and state fl. permits be on,inaI J.icD .blEaI to be maiDtaiDDd.. ~ finuro loaD edvarJces tbroagb tho accudon md rccorcI&cion
ofODe or more documeuts, Ibeu ~ ahall obtahJoftitlc ~ at B<xTowcn c:xpeuse.. If the tlde OYJdeDco iDcU~ that
the Propcd)' is not enoumbcrcd by III)' HCDI (excepc GUs ~'lDatrIImcat,!bo SoOODd Security IuaCNwetrt dc8cribed in
Paragrapb 13(a) aDd any IUboIdiDate UcnI that tbe Lender detrnniaeI wW 1110 be IUbcm1inato IQ 1lIIY fidaro loaD advInces).
Lender IbaIl xequcst tbo BomtwrJr co exeaa1C IDCh cSocumar-. It ate Jaw doa DOt peaa.it tho oftaiaal Uea *bit to be
exteDdcd to tbturo Ioau edvanccs, Borrower win be deemed 10 have fidW to have pedinmed 10 obUplion uDdei Ibla
Scoarity Instrument.

Prazmu.

(b) Tax DeCe.rraI

Bomnver'aball not puticfpato in a 1'011 _ _ defeD'Il program. it aaY 60Da creared by the IIX
daftml m DOt ~ to thiI Sccwity IDItromeot.

(e) Prlor LIen.. Bomnvar sha1J promptly diacharp lIlY lim which baa priority 0YtI' CbJI SecIJrirf lDIUumeat UIl1aIs Borrower:
(a) 'grecI in writing to the paymont orthe obHptioD aecmed by the 1ieo ill a 1IIIIIDCf acceptIIble 10 Leade.I; (b) ooa1DItI in
good fidth the Iica by, or defeodIapiDlt ~ ottbe liea m, IepI pmceediap which fa tho LeDden opIDJoD operate
10 pm'ent tho oatbz=rmt of tho lieD or fbrfeJtI1re or ItIY part oftbo PIoperty; 01' (0) 1eCUl'e81tom tbe IIoIdet of (be Beo tID
apecmeut atisft0tcr7 to Lender lUbordiaatiDa the lies to all amDUDII socmal by thIa SecUrlty IDItrameat. If Leader
FLr-~

7!7Jl.)J.

?;~
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.j

.I

dcfemJiJa that 1ID1 part ot tho PIopc:rty ilsubJect co Jiea wbJab may aUIIn pdarl1y over thII SCcarity IDsIrumeat. Lender
may live Bonowar uotic:e.ldcaIifYiuI the IiaL Bomnw:r IhIlIIIfIat)' Ihe Reo or 1Bto OlIO or more or tho actionI lee ftn1h
above wilbin '= (10) dayJ oftbe givlDa ofllOdee.
13. RelatloDlblp to 8ec:ead Sectatt11D.tnuaeut
.
(a) Seeoad ScevIty 1DstnmIeDt. . In on!er to seeure paymeatl wbidJ abe Secrellry 1M)' mate to or on beba1f or Bonower

pumwrt 10 SectJou 2S'(i)(I),A) ofthe Natiooal HOWling Act IDd tho IANIII A~ uulelB othawile pzovided by 1be
SocrefCy. the Secretary ba required Borrower to aecate I Secoad Note aad SecoDd Security IDatnJmeat em the Property.
(b) RelaIioIIIhlp or PInt and Second Becwitr IIIItnuDlDfi. Payment! JDIde by daa Sacmtary IhaU IIOt be included ill Ihc
dobc 1mdcr the Note UIlIaa:
(i)
TJUa ~ Iaslrumcnt illlSipcd to the S~ or

[UJ

The Secnary Iccepta rcimbursemm1 by the laIder for 111 paymenII JDIde. by tho S==taty.

If the ckaJlbItaDCeS described In (0 or (d) occur, thea I1J ~tI by tho Secreblly, iocludiDs in__ oa the P')'JJIWI but
cxcladinC late charps paid by the Secrotary,lhaJl be blcluded in the debt UDder the Noto.

(c) EtIect aD Borrower. WberD thera is ItO asdgnmont or roImbuJ8ement .. ducribod .in (b)(O or (ii) ami !be SODICUlry makes
paymeots to Bomrwe.r. then Borrower ,ball DOC:
(i)

Be requ1red to FY 8mOLDlCl owed 1JDCb:r the Note, or pay 1tl1- I11d lWemsea of tho Prope!ty UDder Plrappb
19 to Lender or receiver of the PropeIrV. uadl the. Seaetary hu roquJred payment in 1UJl of aU oucstIDdlng
priocipal and accruod ~ UDder tho Second Note; or

(U)

Bo obUptcd to pay fnterell or ahued appreciation UDder Ibo Note It my time, whether ~ befon or after die
paymeutl by the Scorotar1, and whetbeJr or not ac:e:rued iutere5t has boca JnaJudod in the priDcipIl baJaDce 1JDder
lhoNote.

no

(d) No Duty.1 Ole Secretary.

Secmmy bile DO duty to Leader to eafarco ooveaaall ottho S~ Socudl)' lnsb'1DD.eDtor
co bike actions to paorve tho value !be Property, even tboup Lendc:r
be uaable to coI1eot IIDOUaII owed under tho
Note becauso oCrestrictiODlm thil Paragraph 13,
,

mar

or

14. Forbearaace b, LoIader Not a WaJYer. Atrt forbeauaace by Lemler ill exercJaiDa my riJbl or remocfy IbaJJ Dot be a waiver
ofor prechado cho cxacile ofay rigbl or remedy.
15. SuctalOn.ad Aaf:nI BoUDdj Joblt aad 8eYenI LlablUty. The co\'aWJtl Qd ~ ortlU, Security ~I
shaD bfud aqd bmJefit the succeaol'l and astgos or~. Borrower
DOt ISlip IllY. rilbtB or obliptioDS UD. Ibfl
Security lDltrUmODt or uud.. tile Note, except to trust IbIt ~ the requirementI of the SccroIary. Bo!row'I COYe!UIDCI cd
agreemcats aball be Joint wllcwnL .
I...

.~,....

may

'W:

16. Nodca. Any notice to Bonower provided for Ja tbiI Secudry IaltmmeDt IbaI1 be sMa by deliveriDg it or by malIfDa it by
IJtPUoab1e law ~ UlO ofuodacr method. Tbo DOdGe aba11 be cInctccl to the Property A.ddrcu or uy
othar address all Bouowm joiDdy desipare. ~ notice to Leader IbIJl be eivea by first class maIl to LcDdtn addn:M cafcd
heroin or arty address Leader desfJD&1e8 by notice, to Bormwcr. AlJy nodce provJded for in t1dI Secudty Inatrument IhaU be
deemed 10 haft beeu givea to ~.O'j
Lender whea glva. pmided III tJrlI Parqraph 16.
, ..
~t cIa. mall UDleA

17. GoYer1tfnllaW; SeverablJlty. nti Secority Ins.rrumeat _11 be gcwemed by PodcD1law ad the law of the juriIdictiaa In
which the l'loperty b 1ooaIed. In tbe eYeD1 dlat lIlY proviIioa or claule of CbiI
liJib:muent ot tho NaIe conf1ids with
applicable law. such ccmfUct ahaJl DOl a1rect other providona gfdzil Security IusIrua=t or tho Note,w:bfcb CID bo givaa offecC
without the conflicting provision. To this aullbc pnwIslOl1S of tbiJ SocurJty Iamumcnt and d10 Note ~ cIcc1ared to be
severable.

secun.,

II.. Borrower'. Copy. Bomnver sbaII be siveu ana CODfimDed f:I:tY1 of the Nato 8Dcl this Security IDs1nuDeuL
n~~

hp~

/I

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-PI

NON..UNIFOlW COVENANTS. Boavwar lad Leader ftdacr ~ IDd IJrrl8 a rtdIo'n:

ad 1I'I1IJ&m 1D Leader I1lIbe . , . mel mtemteI of tho Pmperty.
1'_ Aulpmmt of Beats. Bonowar uaconditkJDlDy
Borrower lUllJorizeI Ler1dar or Lendtrl apDII to collect Cbe ratllDd rr:wmueIlDd blnb)' cfirecta each teIJaut of die Property to
pay the rents to Lender or Leader'a 8pI1t1. Bowwvar, prior 10 leJJdef. Not1cc CD Boauwer orBonowen1naah oflIlY COVlba1lC
or apemeDl in the Socmity IDIb'1Imast, Bonvwer shall colJect aDd raceive all_1Dd nmmaeI ollbe Property IS tnI8tee for
tha beDefit or LeDdar ad Bomnver. 11dJ IlCipulrllt of ream COdIflUllelID abIohdI -sruaa aDd DOt 8J2 aaipaat for
.dditiooal.eourity ODly.
IfLeader gives IlOdce of1nacb to Borrower: (a> t1l rem. J'ICCiwd bJ Banower abaJI be ~1d by BODOWeI'll trusreo tor beaofit
ofLcader cmIy, to be appUed to the sums secured by IhII Security IDatrumeai; (b) Lends" aball be eoritJed to coDeGt IUd receive
aD of the rents of the Property; eod (c) each tarwlt atthe .PIopedy JbaIt pay all rcDt& duo ad uopald to Lendar or Leader'a aa=t
OD LGtIden wriuen cIemaDd"to tho tenant

BOD"OWer hal IJot aceutod.any prior a58i~ altlJe nmtI ad hal DOt ad wiUlICJt perfODD IllY aot that would prevent Leader
'from e:xtnidng ita"righrI UDder au. ParrirtPh 19.
Laufer shall not be ~ to eater ~ take CODIIOl of or mainIIiD Cho Pro,perty before or after pial DOdoo of breach to
Bonowor. However. Loodet or a judJdIJly ~ted mcalver may do 80 at IfJ1Iimo then iI. bp:at:h. Auy applicatlOD oCnmts
rhall DOt C1R or waive any default or il;vaJIdaIe any otbcr right or raDody ofLeDdar. 'Ibis usianmeDt of rentI of the Propsty
Ihall conninalo when tho debt Iecarod ~ tbil Socurity bJJIrumod! is paid ill fbIL

DI,

20. Foreclosure Proeedure. If Leader requfra Immtdlate pl)'IDeat tD fu)J uder Parap-apJa ',Leader
rendue thI.
Seeurlty IQltnment by Jadldal prvceedfaB. Lender Ihan be eJdttled to caJled aU upeueI hlmrnd III panu1bg the .
remedies provided fD tId. r ....vril'la 20. lacludlnz !nit Dtt ftDIIttd ~ reaouble attoraeya' r_ aruI COllI or title
evldeDeG.

11_

21. LIeJI Prtorfty. the faU amoat ICCmCd by thiI Socuri1y IDstrumcDt shall have tho I8Ilie priority aver III)' othar Ileal on the
PrOperty &I ff tho fUU amouat hid been ~~ 011 the date the iBfdal dilburBemaPt wa IbRdo. reprdItIII oftbe actual date of
any c1sbursGmczt. 1bo amcnmt IDClnd by ddI Socurity ~ IhaD Jac1ude aU ditect re)'lllaDtl by Lader to Boa-ower aDd
all other loaD acWancos ~ by this.Security WtnIment Car any pmpose. 11aIs 1iea priority .ha11-w.17
any

seato constitution. law or .aticm. ~t that this 1iez1 priadty IhalI noc affect Ihe priority of any UoIII for mspakl State or local
~ta1 un special UImIDleotl o(tUu.
.
2%. AdJustabIo Rate Feature. Und tho Note, tho lDitial ~ ImoreIt rata of TItree ad 66/100 percePt (3.660%) which
accrues on the ampaid priacipat ~ ("IDftial IDtcrost ltato) illllbJcet to chmp, u cfeIeribed below. W1Jeu the Warest ate
chaps, tho neW' adjuaacd IDtaat lISe will be appIiecl CO the to~.~ pdaoipalbdaace. Bach adjuatmeut to Ibe iDfmUt
rate "ill ba baed upon the weekly ncr:aze ylCld on Unitod.S. baumy SoQddeI adjustccl10 COD8IIDt maturity or OM year
('~)plu margin. The Index II p:J~Uibed In 1IJ~ FocItu1 ~ BuU. aDd made avail.blo by tho United S1IdeI Trouwy
Dcpanm.ent id Stltistical hIouo RlS(~19). If the IDdax is DO baa=" milabJe. Leader will be requind to ae arty iaclex
pzac:ribed by tho DcpartmeI1t of H9uJihg and Urban DeveIo.IJlD&'lll. !bo DCW JDdr:Jt will have hiIIcdcaI movcm=t
Iilbltlmdally a.imllar to tbo oripeal ~ IIld tho IlDW inde:Jt ancl rratP wiI1 t'aIU1l In an aDDUal pal'CfdBp nde that iI

substatWly,imilar to tbc me hi eftCot ~ the time the orlgiDal ioda: beeomCi UD8Vailah1e.

Lender will perform the ca1cuIadoDI dmcrfbed below to dct=mino dlo DeW' adjusmd nar.t 11de. The iDlCIest IIIle ma.y chaDp
on Septaabcr I. 2001. and 0t11he & dsy of _ aDd on that day of each ncceediDg jar. or --L. tbs fire day of each
succeceUns month (Cbmge Date) lmtil ~ !oan Is repaid III fulL

no 'la!ue ortho Index will be dBtmmintdiusiug tho most rectd Inda fipro avAIlable thirty (30) diya befoto tho Change Date

(-eurteDt fndax4? Be1bre each ClaD,o Pate, Ibe lJJ1W fDtenst rate wiD be calcuJased by BddiDI a DIII'fPn Co !be Cuna1t Index.
IUDl of 1bc nuqin plus 1he Cumral lndmt will be 0Illed tho "CaIouIatcd
bto". for .011
Date. The
Ca1~ IImmIst Rate wiD be ~ to tho Jo.temst rate ia effcU Immt:diaIDI)' prior fD tho oumzt 0Jaq0 Date (tho

m"

The

a.aao

...

.....

:,,1

.:.:

Book5057/Page1675

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Page 6 of 13

. . . . . . . . . . . ._....

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. I

..

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~

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..

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-axIstinal..ta1:St Rate).

.CRaIe

Annuall7 Mijultlag Varialtle Rate l'tatart 'fbe: ID:test rate wUl oevcr
or dcmue by IIlCR
thaD two pon:t:IItap polldl (2.0..) OJllny lfaP Qgqp Date. 1be InIeraI r.- wUJ Dever be men dwI
five perccn!ap points (5.05) higber or lower thin die initial ImoreIt rue staled iD Para)IIpb 2 of dill

Ncr&

MOD1hI7 Acijastbtc vlriiwe Rate Pe8tan - ne Cabtlab=d IDtercst Rare

13.6605.

wm never in.creae above

'*

'I'bcs 0tJcu1alDd Jat=:st:Rate wUI be IdJURd it DCCCSIIl1 to campJy with the

JimbdoD(s) deacribed IIbcMs inri wiD be 10
r:frect 1IDD1 the nut Qlanp DaEJ. At In} c:hqo dale. if die Ca1cDlared lnDeIat Rate equals Ibe BxJItiq InleralIare. die
iotr=st rare wDI DOt chanp.
n ltehare. Upcm paymeat of aU IamI s=D'ed by IbJI SecuriC1 lnstrufDeQl. LoxIer shall ~easa Ibis Security 1nItnunenl
wUboot dIargc to Borrow=. Bonower Iba1I pzJ any .NCaIdation COle$.
:
24. AU:on1e1s' Pees. As used In dab Secarity btnIawtt mel !he Note. -arsorneyt fees- IhaU IDch.tde my ItIDNo)'I' rra

. \

w~~.~~~

%5. BIders 10 this SecurflT InstraDl.lDt. ]f cae or more Jfdea are cxeouted by Borrower and Ibcorded &opther wkb Ibis
Securi1y 1astNmCllt, me CCMII&Dts lind apemtIntS of ach .Ilda deb's1WJ be IaecrporaIed inlD aDd sball amead and IUppJemem
!be coveDIIltt end apecmentI of dais Secwit)' IaItnuDId II 11 die ridc:l(1) were pet of ibis Secmky 1nsInuDeaL LChecJt aD

riden thII arc appUeableJ.

contaiaed. in mil Security laaIRI.- Md In

Wi~~~~~~~e~~~ ~.(,f'~ r:lfJ;i~~'

..

~A/~(:=:'

Book5057/Page1676

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Page 7 of 13

_.

'BxIIIbw 1'JlIenIIIt*).

AaaaBr . . . . VIdabla . . r.tan. 'n. ....... wBI

. . twa ~.. pahD CZJ)5) 01-.,
~~
awe ;ewe. . ,.. ~) JdI1*' ar - - dlllIIIdII . . . .,.,
Hole.

a..-c..

~ ~ V.tIJiI . . . r....
~

.-ver-_"

or decNaa by . .

wID

ne Cd:a1IIId III1Dnrat. .... wJII D&MW

.....

2 or..

*"'= \

BY SIQlUIO BILOW. Banower: ~ III!. . . " the .... - ~ CGIII*IDed .. ddI.s.carttr 1DIa. . . 1Dd m
fllttidll(a) . . . . . .,~e!d
wI1I It.
WibM:8a:

JIN&Q1IIIILQII'"", (I.a. .)

BOOk5057/Page1677

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

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I ...

.'

'

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..

#4J_.a. _ _

_ _ ._.

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

... __

STATE OF FLORIDA

COVNn' OP

11/11,(/,11

The fingoin& inatnImcnt WlIll

. S UIl!

,,1(1/(7'

~ befin me thi8 ~l/t

.

by ~pe M.

day or

GfIIapio ad I'CIldope M. GRIeIpIe.

Tnutee. NeD J. GW""e, Trustee. who is peI$OD8IIJ known to me; who has produced

Truatee. .fIIfSi" 81......

Jlytr il{#A/$
~~:r~

~ ~~r~

.....:.:

Na=:

RlCHAIf) T. KWlATK~KI

...... 1

'1...

. .lI.

FL 1" AiOl'1l'W*

Pap 8

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Book5057/Page 1678

CFN#200B065289

Page 9 of 13

", _ _ "'_' , . .

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. _ '_

nATEop2i,.J:I{~ !i-/J
c}
.

COUNTY O~rr{,J.A;f

The foregoing ins1rumcnt wullCknowlodged befcR me this

2tJO!

.:trz lea,

S-

~II e

day of

. by..'.'''': M: GIIS(1It ,btl Pta".... U. GHlapn; ..

I';pc/ve r

~GUI~

i .....

~.~.aple, T: u..... who is personally known to me; who bas producccl

/s LtNnS..f.

.. "'~.'"

;.

~j

;i.

Book5057/Page1679

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Page 10 of 13

;_ '-' .

._ .:.__:. _...:..1_,

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. '
PLANNED UNIT DEVELOPMENTRIDER
FHA. Cue Number: 091-44O.S1~JI9$Z ..%S!

----_.

__

LoaaNbmbc:r: 39JOB

8Og2 8W Jl!th Loap. Ocala, IlL 34481

The Propmy is pIrt of. plamccl milt dtwe10pmeut (PUD) kDowa as:
OJJCR.UN

POO COVENANT& III adcfJffoa to tlaea coveillDb aild aereemeatl made III tile Securit)" Iastnuacat. Bornwer
aDd 1.ezlder tnrther eoYeIUUIt and ap-ee u ron...:
A.
So Ionl a tho Ownera' Aaoalatiaa. (or equiva1cat aatity holding title to C01DJJ1OD lieu aDd laaiHd.. actiDc u
tnIItea for d1e h~ mam_ wirb I pDenfiy ecccped ~ pmiar, I ~ at -ollGbt
policy fDIarinI the property Ioeated II the POD. iDc:bIinB aD impmomerda DOW exildag hmafter erected
au tho mortsaaed premkes. and IDcJ1 policy illItisf4ctory to Lender aad provldel msunmco cavenp iD !he
amoma. fat the PfdodI. 8Dd IIpiDst tba bazarda Leuder1I IIJd the Se=1IUy Iequfro. tncludins the IUd oCher
hazards h1cIudecl widda the 1ena RcxtaIded cownae. IDd loa by flood, 10 dIa exteat rcquiled by the
Secrary. thCD: (I) Laadcr waiws the prcwiIicm III Puqraph 2 ottbil Seaarity r.tromtmt for the ~ of
die lftIDiam 1br bald famraDco 01 the Property, ad Oi) Bornnver'. obUptioq UDder Parapaph 3 or dtis
Sec:uritJ lisstrumcut to maiutIdD hazard IDsurmco 011 abe Pmpeny II deemed satisfied to tho ammt that the
rcqofrcd covemp .~ provided by dIG Otnr:d AJlOdaCicm ~Ucy. Bonawor Iba1l P Leader' prcJq)t DOdcc
of any
bl JeqUiJad b&ard iascnace coYetap ad ot my Ioas occurrina fiam JIaad. lD the ewcmt ofa
distribudaD otltazanf IDanDce proceedI Ja leu oCr:esmJ'lSlou orJePlir ft:J1Jowfa.aloa to the P!Opar\y oc la
coacoQ areu aDd adUtiea of die POD. my procecdI peyabJc to 8arJower . . bcroby UBipod aDd . .Ubo
paid 10 La1dcr b appBcadaa ID die lUIDI.ccured by tbfI B=dy'.fDstnmad. wkh any eeesI paid to the
at~ leplJy eatitIed t1Icrcto.
B.

Banvwer pnxuilClto pay aU d-Ja lad ~ lmpoIed podlJaDt to the lap! izIstmnJcafI c:reatias IIIId
l0vanlq tho POD.

c.

rt Botrowar docs DOt pay PlID claes and . . .lD1cma whea duo. Ibca L=dcr may pay them. AJty IIDOtIDtI
cUlbtncd by Leader IIDder t1PI puaarapb C &baD become additioual debt ofBanower IOC'CIt'Cd by tbo Socurity
Iuatrumcat. U11IesI Boaower mel LoDdcr .pee 10 . . teaDr of pIYDiaat. CfIeIe IIDOUZD IbaU bear Iah:raIt
fi'om Cbo eta or~ at'thD NOlO me lad 1bIU'1lo PI)'lbIe. with ~ upon uotico from Lender U)
Bmrower reqaestiDa plYmeDL .
.<
... .

BY SIGNING
, BBLOW. BortO\lllOtacceptllnd atR* to the tc:nDIlDd pnMsfcms cocitaiDed In t1da PUO Rider.

.,.II QII...JIj ,.. ida

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Book5057/Page1680

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Page 11 of 13

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PLAt~D
FHA Cue NlDDbcr: 091-44057~119!1-%5S

UNIT DEVELOPMENT RIDER

Loan Number: 3'100

THIS PLANNED UNIT DEVELOPMENT RIDER is made Oll 1lme OJ, 2008. and il incorporated into and Iball be
deemed to am=d IDd aapplemcDt the Mortgage, Deed oC Tn1st or Security Deed (tho Security Jnstrum.earI) of the
aame da~ given by the \IDdcrIigacd C'Boaower") to 5eClR Borrowers Note to LIberty Rnene Mart:qe, lac.,
CaUfomJa C ..,oratfon. ("Lau!er) aftho aamc da!c and covcriDs the Property dcscnDed mthe Sccarity Instrumeat
and localcd at:
1092 SW 115th Loop, Ocala. FL 34-C11

The Property ill part ofa p1mmecl unit devdopmCDt (PUD) bowu as:

OAKIlUN
POD COVENANTS. In addltfClll t~.thee COycautl aDd agreelbatl made ta the Seclll'lty IDstnuDeat, Borrower
aDd Leader Iu1Jaer coveuDt aDd .:V~ 81 fallo1n:
.
A.
So lcmg u the Owned Ar.o:iatlon (or equivalent cotity ho1ding title to COmmoll areas aDd !acilitics. ae:ting U
1rUStco !or the bomeowuen. ma1utainI. with geaeraUy accepIrJd Insurance carrier. a ~ or "b1MtS
policy. iDIuriDs tho propcrt'"j located in the PUD, inchJdinc all improvements DOW existinC or bcreaftcr erected
ou the mortpged premia~, ~ 5UCb policy uSaDsfactory 10 Lander aDd proYidei iDsunnce CCMftIe in abe
lJDOuota.. for the periods. ~ against the hIDtds Le:ada' aDd abo Sccn:tary require. iDciuding lire and other
bazards included withia tLe teml aexteDded coverage." aDd Joss by ftood, to the atcml required ~ the
Sccrttary. tbco: (i) LeDder
abc proviIiou in Paragmpb 2 of this Security Jnsbumcut for the pa.ymcut of
the premium !or hazardiM!nmoe oa tbc Property, and (ii) Borrowcn obUgatioa under Paragraph 3 or thfl
Security lDItruatcDt to ~ hazard iDsunmce on. tho Property i. deemed s.tisfied to the axb2t that the
required covc:raae II pro\;~.d by the Owncn' Auociadoo policy. Borrower abaU give Lender prompt notice
of auy lapse ia requiral' bwalI inmraDco
md DC my loa occurrins from a hazard. In the eYeDt ofa
distributioa afhaard ~JDCe proceeds ia Oeg of rcstomdoa or tqJIir ibIlowmgl lou to the Propcr1y or to
commoa area IIJd fAcilities ot the PUC. any proceeds ~Ie to Borrower Ill' hereby uaiped IDd lball be
paid to Leeder Cor applicatioo 10 tho mms aeeured by this Secmity Iastrumcnt. ViIth any CXCCSI pUd to the
endty legally eadtled there~.

"'Iiv"

cowragc

B.

Bcmower promises to
goveming the POO.

c.

If BoIrcJwaa docs DOt pay YOD dues and ISSCI~ ~ due, then Lender.may pay them. AIry amaanb
disbursed by Lenda' under ~ paBgraph ~ ~aU b~~ additiaDal debt or Borrower IeCUlCct by tho Security
Instrumenl UuJea Bo~ IUd Lcudcr &itcc to ~ terms or paytDCllt, these amo1lDtS Iba1J bear iatcrcst
from the dam of disburs~It the Nolo mta and .haD be payable. with in~ 11pOIl DOt1cc from Lender to
Borrower n:quesdna ~~t.

all dues IDd assessments imposed putIUIUlt 10 the legal inltnJmenti ereatiDglnd

p8),

BY SIONING BELOW. Borrower aCcepII mel agces to the terms and provisloos contaiDcd in thiI PUC Rider
.:

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JtI&Ib:J. EJH EiR.IKv RMf8IPH

?eeelepe Mi 881&pte

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Book5057/Page1681

CFN#2008065289

Page 12 of 13

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EXBIBlTA
Bxhibit A to the Martpge made on Mil)' .D. 2008, by Pae!ope M. GBfIspIe, N. 1. GIIeIpIe od Mark GJ)IeIpIe. .. Ce
Truateal of 1"11& GIIesJIIe traadIJ IHDC Traut
atm 1fcbI'Urt' 10. 1WI
to UbertY Rna'lc
MortPC, hc.("Lcndcr"). Tbc PrtlptrtY Ie1oc*d iIl1ho county ofMmoa. ttItIt orJ'L. cIlscdbcd fo1Jowl:

Drs:riptiDD ofPcoperty
Legal DeacripltOl1Il1aCbed herotD. 'Bxblbtt N and by tis rdRDco IDIIde part ~

PLAT

LOT(S) 1, BLOCK G, OAK RUl'f WOODSIDB TRAcT, ACCORDING TO THE

'IlIKREOF AS RECORDD IN PLAT BOOK 2 AT PAGE(S) 106 'l1DlOUGB lU,
IN<:L~~. C?F ~!~~ ~RDS
OF MARION COtJNTY, ll'LORlDA.
---... ...............
...

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\lliillillfiillll
U4S842BG3-18MF13
.
KQRTGA'E

us

Reeordl"QtI

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Book5057IPage1682

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CFN#2008065289

Page 13 of 13

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--...... ....

R~rdlng ReqUe~8d by &

DAYlJR. e"

=--------

. FILE I: 2008065290 OR BK 05057 PGS 1883-1893

RECORDINQ FEES ....

&1~

FHA Cue Nuaber: otl-4405741J952-255

39100

Secretary of Housing and

jntangible taxps.

U~

Development is exempt from payinq

ADJUSTABLE RATE

State ofFlorfda

~~~CoNVDSIONSECOND MORTGAGlI:

~~. m.~

THIS MORTGAGB.
Cll" Soaood Soeurity
aMm on .rue Os, zoos. 'lbe IIIlJltpgor is
PeJleJape M.
Glnesple ad Mark GlDapIe, Co-'1"nDtIIeI ar TIle GUJespIe PuaIIy I.MaIg Tnnt
Agreemellt c1atcd February to, 19,." whoac addrou 11 1092 SW 1l5th Loop, Ocala, J1L 344BI ("Borrowr.r? 1111s SocuriEy
Ins!rurnea1s giveD to the Sccn:tuy. of Hauling aDd UriJIa Devolopmedt, aDd wbOID addnta ia 451 Scweatb Stn:d, s.W..
WBSbJngton. DC 2.0410 rLeDdet") or rSecretlzY? Boaowa' bas qrecd to Rtp&y 10 Loader IUJDUD1I wbJdlLcDdar. o&lilatecl
to advaacc. IDc1uding futum advancta. nudar the terms ofa Homo Equity CoawaioD Loa ApcDaeat dated. the I8DIC dale 18
tbiI Security IDstnImcDI
~ Tho qrcem.eDt to repay fa evidenced by BoJroweR NoClO dIdOd tbD SIIDO dato u
this Security ~ rSecoad NoW'). Thil Security InIttumem. . . to Lcsodm: (a) tho rep8)'lDlDt of die debt eYideaced
by the Second No=, with intercac, at 18~ IUbjoc& to adj1JltmCll1t, and al1lIlfnftfI. extDicmr lid modI.fioatloDs of abo Noto. up
to & maxinwm principallEDOUIlt otOae HulHl1-ed NInety-.EtpC n01lland ud oen.. DeDan (SlJI,OOO.lO)i ('0) the paymoaJ
of aU other wmI. with hltetelt, advaacod DDder Paragraph 5 to protect tho security ofCbia Sewrlty lDs1rumDnt or ofbawiIo due
under tho tmmI ofthl. Security InIInJmenl; and (c) the pcrformaace orBortowcn coveoanta md tlBJ'C'Cllll'DtI uudertbis Security
Instrument ud the Note. The.fisll debt, includiDg all amouata described in (a). (b). and (c) .bovc. IfDOt paid earlier. iI duo and
payable on ~ba' 2't 208D. For this pwpo~ BoDower doeI hereby IIICJltPge, pnt md orJ1JVtIy to Lender, cbc fbllowing
descrJOed property localOO IQ Madog County, Florida:

rtom

The real propony J.ocated at the addresr 8092, SW 115~ Loop, ~ II, 34481, in the County of Manoa, sta&e of FL.
dcactibed more fblly on Bxhibit A auaebd to tfriI Mortpgo.
.... . ...~.,..

TOO.ET.fIER WITH all the impzovemeLU lIO\\, or hcrea1tcr C'tCotecl~OIl the PIOPOI'ty, IUd aD easomG1tS, riIhU. a~t IUd
fixbn8 DOW or hcreafbIr a part oCthe prop~. AU replacemmtalDd additiou aha1I alIo bo OOWin'd by thi. Security lDJtrumeat
AU otthe forcsoJng is roter.rwd to in tbi. Security IDmsmeat u tho '7roperty.II

. BORROWER. COVENANtS that Bonowcr is JawfiJJfy ICUod of dte eDto hereby cauwyed aud hu the ri&bt to grant BDd
ClOnvcy tho Property aod that the Property is only fJICtIDlbemd bY Pbat Security 1DICnIm.cnt givm by Borrowa' ad dUd the
samD " - IS this Secwity 1DWuma1t C'Fim Security fDsIrumeDl"). Boaower 1lIIIftIIItS and will defend genemJIJ Ihe tide to tho
Property agaiDst aU claims and demands. iubjcet to any eacwnbrlacel ofrecard.
1HIS SBCUJU1Y JNSTRUMENT oombiaea uuifmm ~ for DItiaaal De mel DOD-unlfoml
variations by Jurildictiou to CODItitull: UDifarm ICcurity illltrumect cowriDI wa1 property.

Book5057/Page1683

-...

<r.~ft. .

Rancho Cordova, CA 95670

GJlJeIp\-:V::::l.

-_

DATE: 06/2512008 12:55:34 PM

2925 Country Drive 818

81. P~~lt MN 55117
J
~~t1~3'-'O'i ~

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-. ----

. ..

~. ctJ:RI(Q=COURT lMRtoNea.tIJy

When Recorded Retum To:

US RecordIngs. Ino.

UbertY RJMuo MortPlc. Inc.

J09S1 Wldte Rock Road, Suite 200

CFN#2008065290

covenantl with limited

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Page 1 of 11

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I. P.)'~1IIt or PrlDdpaJ and IJitert. Boaowa- 8ba1l pay whtm due tbe priDcipaI o( aDd iDJInIIt em. the debt evidenced by
the Secoad Note.
.
.',",

2. Pa)'DICDt or Propav CUlleL Bonower IhalI P&1 au pmpafJ c:bup ODIIIisCiIls of 1IIXes. pauod rcats. flood ad hazan1
lasurmco premiamI,.ed speciII ~ In timely ~. lDd IbaIl pIOvide erideacI of paymcm to 1Aadct uDl=a
l=der plY' propezV c:IJarp8 by ~~dq fauda _1IIOIIthIy ~ duo to th8 ~ or by cbaIz1nIlUCb plJmCali
to I &0 of credit 81 provided !Dr in'~ Loan ~ Leder may naquim BGr11iwer to pay Ipecificd propert1 cbaraes
directly 10 the party owed pa}'lDel1t ~thouP LeDdcr payI 0Chr.r properIJ dmpIu providcK! In dUI PerIpIph.
3. Fire, Flood ...d. Other lIiazanIu.unace. BoIrower"aha1!

tasure all

011

tho PrvpeItr. whber DOW iD

axistencc or. subecqucmdy; ere~ ai9~ uy hIzatdI, oaualtics, IUd coadapucieI. ~udiDI tbe. 1biI1Dsurance thI1l be
DllinlaiDccI in tho 1tIJOWItI. to tho ~ md lor the pcriodI ~ by J.,euder. BoDower Iha11 also bisure aD improvements on
the Property, whether now in exiateace or lubIcquendy eroctr:d, IIpiDIt loa by f100dI to the cxteat teqDirod by LeDder. The
insurance poUciCl IUd any reoewaia1!IaU be held by Leader aud sball iDcIudo loll paytRio clauses in fIwar 0( aDd in a tbmI
acGCptable to. Landor.

In rho evOOC of loa. 'Borrower .ball ai\~O Leader Jmmcdiare ootioo by mail Leadar may mab prgOt of (011 if not mado promptly
by BOITOWtt. Badl iDsumncc compmy coocemed ;. heR:by audaorizacl ad directed to makD paymeat far ncm loaa to LoDdor.
instead of to Baaowa" aocl Lcadcjoir.tly. IulurIllCO proceeds IbaIl be &pplied to ratmtion wEepail' oftbe damapd Property,
if tbc JaIOradOD or rcpIir II eoonorniclly &asib1c aDd La1dcI'. MGUrity is DOl ~ If tho JeStomtioD or repair II not
ecoaomicaUy Coulbl. or Len401'8 ~ would bcs leueacd. tho Iuurace PJOoeedIIhaD be applied mat to tho n=ducti0li of arry
inclebzedrK,a UDder the Sccoud Note iiDIlhiI Sccurit)' IbstrurnenL AIf1 . . . . iD8ul'aDce proceedI over IllImOU1lt.requbed to
pay all 0Dt*J.ding irIdebtecID.cII under ':he Scooad Note, aod this Security fDstrumetIllhall be paid to !be _dty leaaUy entiCied
thereto.

In the ~t offorcclosure ofthla Seb~ mstrua1a1t or other traDIfer of title to tho PJoperty that axdDplahcl tho iDdClbtcdneu.
all right, tith, and futta&t ofBolroN ~.ad to IaILDaCe poUe!OI in !cuce Ihall pili torhe'.J'lII'd-=r.

4. (lCQIPaDe1t Praenadallt MaiIlf~DCO ad ProtecCioa of the Property; JJmoowert Loa AppJlcadoui u.nboJd..
Bomnvcr .baD occupy. alabllah, ad l.~ the Property as Bonowoft priaoipal residmlco after the cx.ceatioa of this Sc:curity
InslnuDeilt aDd Borrower (or al ECUI dAo :Bomnver, ifiDlda1ly more thaD oao PCllOB ue BOrrowers) IDd ahaU CODdauo to occupy
tho Property u Barrowen pdbC!pl1 ~deDce Cor tho teml of tho Soeuri1f IaatnJmeaL -Pfmcli-l retfdeDeett ahalI bava the samo
~ IS 1D tho LoaD Apemeat .. ~~

or

Borrower sban DOt commit WIStD dIJstzvy. damage or IUbsCaDdaIIy cbange th. PIopat' or allow the Property to deteriorate.
~able wear aDd tear excepted. Bomnrer shall a1so
dcfiu11 if!knrOwar, dudag Ib' 10ID app1icadoa procaac, pvc
materially false or inaccuatrJ Ioforma~ or ata~ ~t,eoderf!OrfiUlcd 10 pzovidoLoilderwith my. JIIIdada1IDtormadou) iD
co~aOD with the Loan evldalecd bY the NolD. ildJldJiig, but ~ limited tot rqxeseotadODS ~ Bon:ower'. oooupIU1C)'
oftbe Property III prlnciplll ~, If this S~ lDscrumCDi iJ aD aloucbold, Bonowcr ahal1 comply with die provlsiODl
aftho Icuo. If Borrower acquircI fee trUe' to Ibo Proped:y. the 1euobo1d md teo tide shall DOt be lDelgocl unJeas Leader agrees to

bo."

~".~~

5. Charla to JJqnower ad ProWddoa ot LeDden lUPJJ Ia the~.. Bonower &hall pay a1Il~ or
municipal chIrPS. fines aad impoIitiOu'that
DOt ino1udeclla Parapph '2. . Bonower IbaJI J'IIlY 1beao obHpdona on time
diIoct1y to die eatity which is ~ the paymeDt. Iftdlure to pay would a4wnely a&at Leadoc'l . . . . Ja abe P1'opcIty. upon
Lendcr'I nqueIt Bom:nvtt Iha1l promptly ibmilh to Lcocfer roceiptI mdeDciDs fbeae peymeatB. Borrower IhaI1 promptly
df5charp.y lico which has prladty oYer Ib1I Sewrity I.aIuumaDt In thOIJSlDbet providecI,1D Parapaph 12(0).

-=

If BoDowcr fiWs to mako dleIe payIMltt or !he propafJ cbargeI reqahed by Patapph.2. or faIla to padbnD IlJ'f otbor
cO'YmSlllltB ad Ipcmeot8 COIdaiaecl ib au. SeowUy IDstrDmmt. or there II Jepl prOcoodiDtr tb8t may alpifbladylffecC
LeDdct't riglltI In the Property (wah u. proceeding hi ~, for COIIdaamatioD or to IIlforce IaWi or nJgUlIdoDI). Chal
L=der may do and pay whatDver .Is.~ 10 potecC abe vaJDe of tho Paoperty IUd 1.clDderl tipIs III the Property. JDcludibg
i

FLr~

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Page 2 of 11

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p&~mt o(tues, hQad . . .uco ad Ok ltems IIlIDdonod in Patqmph '"

To protect Lead.... ~&y in tile PIoPertY, Lender IbaIlIdoace aad c:hqe to Bomnrer aU ItIIOUDII daD to tlse 8ecmary for
the Mortpae Iasurance Premium ~ u defined ia the LoID Agreement u well .. aD IlDDI due to'the IOID Itnicer for
eervlciDs ac:tivitioa ("Servic:iq F ., .. def1aecJ In the to. Asre=eat. kAyamoatt diIbmed by Leader .....tbiI P~pIpII
ere obligatory and Ibal1 became aD ~oual debt ofBODOWCI" U provided for fa 1he Loan Apemeat aDd ahIII be seaurect by
thiI Security 1nJtnJmaut.
"
6. lupectlOD. Leodet or U p,eat may eater an. inIpoot or maIce appraIl81I of 1be i'mperty in teIIOUble 1IIIaIIOr Ibd at
roucmable tbc8 j'zovidod that Leoda" 'ball give tho Borrower aotU:o prior 10 any Jupedicm or IppfIiIaJ ~ a pUIpOIO
for the iDspcct10n or appraisal which mut be nJIated to ~ ~ fa Cbo Property. lithe Propert;y 11 ftC8It or abandoacd
or the 10m Is in default, Leodor may tab J1II8ODIbIo IDtbI to p1"OffCt MId presen'O IUCb vacant or abaadoDed PJoparty without
notice to tho BCJ11'OWeI'.

7. Colldem~tIoJL The proceedI or amy award or daDb tor cIamapI, direct 0: ~ . . iD ccmaccQoa wJh ""'
coadomnatiOD or oCher lIkiq otmy pIl1 ofthe P!openy, or for C)OIM:JIIDOO in pJaco or candemDation, lhall be ,.kI to Leudor,
Tbc procoeds Iball bet applied tim to tho JeduotiDD ofmy iadDbttdJ_ UDder Saooad Nca ad Secoocl SocuritJ lDItrIImoDt
held by be Secretary to the. Property, aDd then to tho rcductloo of the Jncfcbtedoen UDder the Note IUd tbiI SecudtJ 1'DaSrwDcm.
Any axce:tt pocoeds ewer an IIDOUDt requJreclm pay all ontstandJnI iDdcbUdaca UDder tho N9te IDd th1l Socuri1y 1iastnamoDt
shall bo paid to tho enti1y logaDy entitled dlcreto.
S. Feu. Leader IDA)' collect foea and cIwpa IUtborized by Ibo Sectcbuy.

9. Grounds fur Acceleradoa olDebt.

(I) Due aDd rayalJle. Lender IDI)' ICqUflT; fmmcdlatG ~t iD ibll ofall IUmS aeoured by tbiI Bcoarity 1nItrDmcDlif
(i) A BoDOWeI' cHc8 &Del the Ptoperty i. DDt tho PriacfpIl RIIic1mce ofIt leat 0110 nn'ivins Bo.croweri or
(ii)

or

AU of Bozroweta dUo ill tho Property (or his or her beneficJal IDtDNIt in a trust 0WDiDa an or pmt 1M
Praped) illOJd or olhotwile ~ ID. JIG odr Bortower mafna (a> lido to the Property in fee simplt, (1))
leasehold UDder lea8 for Dot _ thaD 99 yem whicb iI ftI1eW8bIo or. laue bavm, rem.lama pedod ofaot
less thaD SO ycm bo1oDd 'tho date of the lOOIh birtbdsy of the )'DUIIPt Borrower, ot (c) life 0$IIIIe In cbo
Property (or beno1kial fuIea:It ia a truIt with aueh Ib inIozad in the Proporty).

(iii) The Property ceIICI to bo Ibc prkJeipal residcDr.e of. Botrower for.asooa . . dlan death aod tho Property It
DOt the ,priDclpaJ raidence of.t leat ODD other Bomrweli or
(IV) Por a period of loDger thaa twelve (12) 00Ilsec:ufive moatbI. Bon"OWU' faD8 10 ~ occupy tbe Propcd)'
becauJe of physical or memaJ HIDeu tad the ~ b not the prinaipal ~ of It leut Ode other Borrower;

or

,'",

0:,,-;,_

...
An obUgation oflhD Boao. .m1der thlI Security IDatrwnont.ll DotperCoDDed.
;

(v)

(b) Nodee to L~dcr. Borrower ahaIl DOtit)' die Lcmd wheaever Ifl1 or the CMIIIIlJICaI

mParlpaph 9(a)(iJ}(v) OOCW".

(c) NotI~ Borrower. Lender shall n~ ~ whaoev tho loa becameI due and payeble lIDder I'alapph 9(aXU}
(v). Leader IbaU nOt have 1bc right to oommeace fino1olo UDtil Bomnnr lull had thirty (30) da)'I a8ar=tico fD ctther:
(i) Correot tho mattar which resulted in the Security Iaatrumenr COIllinI due aDd payable; or
(ii)

Pa)' d10 balanco i11 full;

or

(iii) Sc!l tho Property for dID leam' oCtho ~ or"" of the ~ value mel apply lbe!Jet proccods oCtile RIo
toward tho baluco; or

,~.

Book5057/Page1685

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Page 3 of 11

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(d) 1nmCI. COJlV~ ofa Borrowa'I infcftIt ill the Property to bud wh1ab meets tho ftJqIIin:mcatI of1bc SecntIry. or
coowyauce of. bUltl iDle... iu die Plvperty to Bomnrer. IbIl1 DOt be COIIIideled a CODveyIDOI1br pulpOlOl of thJs
ParasxaPb~. A trutt shaD !lOt be cOlllJ~ aD occupant or be CODIIdend .. hniDs a prbJcipal rcsIdeaco for pDlpOiel of this
Parapph9.
10. ND De.tlclau:y Jadpleaa. Borrower IbI1I ba'C 110 paraoaaI UabWI7 1br payment of the debt IOCURd by tbls Socarity
~ LeDdellD&7 aataroo the debt cmlr tbRrqb 1110 of tho Pmparty. Laadc:r IbaI1 Dot Of pcraaiUecI to obIeiD det1c1eDoy
judpnaDt apiDIt Bonower Irtbe Secmit)' IaItrumantit1bndoled.

11. ReUlstabmIllt. BOITOWW" hu .right to bo ~ ifLcndar bas reqoind immedfIda payment fa IdL nus dabl applies
after fondOiam proceocUup are institareeL To reJasta&e IhiI SecuriI, Iuita~ :aouow. &ball COft'OCt dae conditicm
which ~ hi tho Rquin:mcut for immediate paymeDt in fulL ForecIowro cc.r. mel ftIBIcmble mel C\JIlQmIry ~ tea
and cxpeDSeI properly II8SOCIated wtrh a faroc1osme ~ Iba1I bo added to Ibe pdacIpal babqp. Upcm rciDalatemeDl bJ
Borrower. thb Seaurit11natnunent and ~ obUptiQl1S tbat it secures a1IaII remaia 111 effect if Lcmder laid DOt mquJred
hnmediatc payntOl11 h11WL However. Leader fI DOt required to permit ~ If (ij Lcudar has accepIed relulatcment
after the ccmamcocemcat of finoI~ pmoaediap wihID two (2) yem Immediately proceediDg the COIDIl18DCClwmt of
curr=t foreolosan procoodiDg. (u) reil'lIatement wiJf pncludo fimdoIurD on dIm:rcr1t pvundI ill tho futore, or (Jii)
reinstatement will adveDeIy.oI tho priority of the Security Ins~
CVCD

lZ, Second LIen Statu

ea) Modilkatloa. Bonowcr ~to axteDcllbil Security fm1nrmeat In acoordaDoo wIth Ibi, Parapph 12(&). If Leader
dewmiflel thai tho adgiDal Ben stdua of the Scoarit)' fDstnmIcmt is joopIrdizod UDder _In( (mollictil1g but ilOIlimftecl to
sttuadDDS 'When tho amount fCC1ttCd by tho SecIarity 1uaCrameDt eqa&II or exceeds tho madmutll priIJcipBI amounllC&fed or
tho maxlaaml period under wbkb 10" advances Idaib the &&me lim priority initially anmted. to 101D advaDces lau expired)
md state law pemriW the oriaiml1iea sta!UI to be m.inIained fbr ftabuo loaD ICIV1DCe1 tbrougb Ibc exeautiOD ad recordldoa
of one or mom documents. Ihca Leocler sbal1 obIaiD 1id.e mdemce It Borrowar'. apcme. Utile title evfd=ce iodicates that
the Propaty is DOt eDeumberecl by my DeDI (ez.cept the Pint Securit)' IlIIInImtDt de.,ribcd ill Pmpaph 13(a). Cb& Seooad
Security IDItnmJent IDClIU)' lUbordiuale Do tbat !be LezJdat delmmlnel wiD a1Io be subca"dinam to any tU1uro Ioao
advauccs), Lc:Dder sbaU requo&1 the BouowCl' to axecuIe IUCh dOOUDlel11l. Ifatilt law doca- DOt pcmDt the odPW lao statui
to be extended to 1bture lola adftOCeS. Borrower wiD be cIeemed to haw fafled to haw perftIrmed an obIIptioa aoda'this
Security Insuumcut.
.
(1) To DeCernJ Praenms- 8orrovteI" JhaU DOt J*licipItD In real CICIde tax dcfmal propam, if any Iiau c.=aIed by the
tax defena1 arc not aubordiDalo to CbfJ Scwrfty IDsInmJeDt

(c) Prior Lteua. BoD'ower Iba!l promptly dilohap Ill)' lien whk:b bu priority ov this SecIdty Jutrum::ac UD1DsI
(I) IpOI in wtiting to the payJJ1W tbe obJiptioa seemed by die lias ill a.l1llD1l acceptable to Lemler; (b)
coacestl ill load &ith the 1ial by, or deCc:oda ~ ~ of the ~ in. Iepl prooeediDp which III the Leuder'I
opiDioa oparate to ptCMIQt tbe eafoIcemalt of tile 1feD ar~ oraay part of tho Property; or (0) aeoun:Il'om the boldar
of the lien ID ~ tBtJsfactor;y CD Lender sabordiDatiaI tho Ilea 10 all amoaDIIlocarod by tbII Soaurity IDcument. If
Lend deCmmiDca dial any pad or tf10 Pmpeny is IUbJd to aliell which mAy adIdD priorir, CM:t ddI SecurfI1 !DItn1meut,
Lender may sIYO Bonowu a
~I tllo lien. Bauower IhaJI aatisf1 the lien or tab ODe or lIIOle of the action. aet
tbrtb above within teD (10) day. ofC1e iMDI'ofDOtice.
13. Relatloa.hIp.Co Ftnt 8ecu'IIJ illltrUmeat.
C.) Secoad 8ecarlty IDItrUDleilt. In order to JeCUt& paymontl which dle SIG'CCarY may mab to or DO behalf'ofBarrowcr
~t 10 SeotioD 2SS(i)(l)(A) oftbe Natioaa1 HooafDg Act sad tho Loan Agraimeut. tho Secretary bar KqUiRd Boaower
to cxecu1c a Second Note ad Cbis SCcond Security IDI~ Borrower bu ahto executed Fat Note and Pil'lt Sooud1y
IustnmaODt.
(b) Ro1atloashlp of JI1nt ad secoad Seem-tty IutnmIeIItL P&ymsa made by the SCCreI8ry IhaJl DOt bo inaludod iD the
debt under tho PDt Note uulcsa:
'
(j)
Tho F&1t Security IDrtrumoat 11 usipcd to IDe Secrebuy; or

or

DO.

(il)

The Scerotary accepts nSnbuJacmmt by the bolder of the PhIl. Note Cor .u ~ made by Ibe SeeretaJy

..

. !'

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,
If die circwmlaacel described In (i) or CD) ocotar. then all paymen.II by the SocretaJy, includiDa faterM OD the JM)'lJJerJ1I, bat
axctuding lata dwJ. paid by tho S~.1bal1 be fDcIDdod In tho dabt under tbI Fim HeMe.

(e) Effect on Borrcrwer. Where thero iI,rio aasfgnmeot or Jeimbunemeat u

paym=a to BonvWCf. Iheu Barrowe:r lhall DDt
.
(I)

de.cribed 'n (b)(1) or (iJ) ad !be Secrebuy JtIIket

Bo n:quiled to pay smOlIIlbI owed UDdel1be Ymt Note. or IBY my ftIJtI ad ravemw of the Property UDder
Puqraph 19 to the ho1drl: olche FatNote or. rocei'Rlr of the PIoperty. until the SccretBry hal requbcI paymcat
ill tbJl of 111 oullbmdiDg prlDcipal ad lcom~iut=atUDder the 8econd Note; or

(ii) Bo obUptcd to pay luterest or shared ~ UDdor die Fiae Note lID)' tUDe. whether aecraecl bIfoJe or
a&r tho pIYmCIlIS by tho ~turt aud who1haror DOt aocrued iDtIreIIlw beea fnoluded ill 1be p1'hdpaI b&face
UDder the Yttit Note.

N_

or dao Sca'etary. lbo s ~ hal DO duty to tho bolder ortbe of tho Pirat Nole to eafbroe covenants oftbe
Second SccwiC71DstnuDca1 or ~ taTceaat1oDs Jo preserve the Y8Iuo of1he PJoperty, eYeD t!Jouab the hold=' of tho Yam Note
cuy bo UDIIble to ~ Imauntl owed under the Pirat Note boaause otrcArictiODJ in this PadamPh 13.

(d) No Duty

(e) ReltridloDi on Karorcemeat.

IU)'thJng . , ia dds Securit)' Io.sb'umtDt, the BomJWa" .ball DOt be

obUpced to comply wi1h tho covenull h(ftO~ &Dd PIrqnlph 19 IhaJl bavo DO force aud effect, wheomw th... iI no
ourstandiDg balanec UDder tbJ Second Nole.

14. Forbeanuce b1 Leader Hot a Waiver. Any lbrbcaraDco by LeDdor ill CleaUiDs lIlY right or raucdy aha11 GOt be. waiver

ofor preclude the exercise ofIll)' rJJht or remedy.

15. Succeqon ad Aaipl Bouud; JOInt .mlSmnl IJabUlty. Bormwer may not assign aD)' nabla or obligatjoos under
d1iI Scourity lnatJumaot or UDder tho Sccoad Note, ..copt to trait tbIl
Ibo requiremem of die SeordBty. BoIro\geI'I
coYeaIIQ aDd agroomcatllha.U b. johd and JCVenL

=-

16. NotIces. ADy Docice to ~0D'0Yr'et provided for in tbiI Seeurit Jostrammc IbID be pea by ~JM:dDa it Dr by mailiDg It by
first dUl DIIi1 unless appIicab10 law ~ use or~ modJod., The D01ioe IhaIl be cUreeted to .tho .Property Address or any ,
other addrDa all Borrowed jointly deIignate. AIry notice 10 tbD SecnIIry &hall be gJvea by t1rII cI8u mail to the HOD Piold
Office with jurisdi~ OYer rbc Property or Ill)' 0Ihcr IddIwI doslpted by tho SecmaIy. AIry nodco 'Provided tor iD dda

Socwity 1DICNmcat sball be deemed to have beaD sJvtm to Borrvwero: LeDdcrwbcm siveI;'. provided ID thia Paasraph 16.

J1. GOftrafD,( LaW; Senr.'bllity. ~ 'Sccur1&)' 1DI1nDDent chaI1 be acmmecl by pCIdeIai law aDd the Jaw of diejurildicdO!l ill
wbiab the Property is locatld. In be eV~t that auy ~ .~ c1auIc oftlDa Security IDIiramenC or tho Secoad Noc8 coD1Uoll
Mtb appUcab1e law, Reb confIlct .hatl"oot affect other provIIIODI,.Ot"tbis Securf\y IDItrumeDt or the Seooacl NofD wbicf1 em be
given et&ot without the ccmfllctil1g provision. To dds 'eDit die proYisiCIDI of thJI Security IDIttumeDt 8Dd 1be SecoDd NotD are
declarod to be s e v e r a b l e .
,

NON-UNIFORM COVBN'ANTS. Bmruwar IDd I..eoder fiD1ber covenant lid apee u fol1owl:

19. AlllpJDeat orRenta. Borrower1llJCOOdidoaaIJy . . . . ancllrlDlfia to Lander aU Cbe rezdlmd JeVeJmeI altho Property.
Boaowcr authorizes Leader or 1MJda'. agantS to collect tho rem and m'eDW:I aad !Hnby cliroCfI caoh tcmIDt ortbo Property 10

or.,

pay me rents to Leader or Lcder'. ,gasi. However, pdOl'to LeDdd' Notice to Bomnuar of BOII'OYr'CI'I tRacb
coVCDlDt
or 8~ :iD tho Security 1nItnmJcbt. Bozmwer IbaJl coIloat aDd mcelYo aU reatI ad reveaues of the Property bUs_for
Ihc bcn1eftt or Leader and Bcnrower. 1biI 881fgomeat of. .ts CDDStitutcISb IIbIoIute II8IfgIimeIlt 8Dd DOt III UIigamcot for
additionallGCUlity aaIy.

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 If ~ givoI QOtico orbre8cb 10 Borrower: Ca) all.RDl1I ~ by Bomnw:r aba1I bo held by Bonvwer. trustee lbr beDe&
ofLeader ~, ID be applted 10 the IUmlIeCUn!d by this Seourity ~ (b) I.ander IhaJl be eadtled to coIloct aDd teeeIYo
aU of tho rar.r. of the 'Property; and (~) each tenant of the Propar1J IhaU pay aU rer1fI doe IIld uopaid to Leader or Leaden apat
on Leadc:r'l wnttea domaDd to tile bamt

BOJ'l'OWCl' baa 1101 cxec;utcd any prior ~t ottltc rcI1tIand bas DOt ad wiD DDt pedban 1111)' act that woald pnvear. Lauder
Jiom uccisiq JtI righra UDdCI" dIia Puapph 19, except II provided ill f2c Ynt Sccuritr IutnImeDt.

Lender IbaU DOt bo requiIed to CIIfat ~ take CODIIOl ot or malDtaJn tho Property bclonI or after &fvhJg notice of Inach to
Bonower. HowaYCt. Le:uder or ~y appomted receiver may do aD -147 tim6 there it flmdt. Arry appJicatiaD of rail
ahal1 not cure or waive Ill)' defimlt or invalidate lIlY other riIht or remecl)' otLeader. 11Us IIIIpDIIiZlt ofnall of tho Property
IhaJl tenJrhWo when the debt aao'md by thJI Security Iustrumaaa iJ pafd iD 1b1L
20. ForcdOlllre Prol:edqre. ULend.. requJrellalJaediate pqaaatt III fuJI under- Parapapl& " LeIlder.1D&7 forec:lOH tid.
Security IllItnUDeDt by JudlelII proeeecJ.... Luder WI1 be cdOed to e1J1ect 811 apenIeI IuCIIrred III panulq ae
reJ'lledlet pnnrlded Ia WI Parapapll 20, IDeI1rcDltr. bu ... Umtted tI, raID_ble attome)'S' r.. ad mib or tItI.

evidence.

ue. Priority. Tho fall amouat IICWJd by thiI Secudty IDstrumeut IhatI hava Ilea priority aubordIaaIe oal)' to rbe fidl
amouat ICeIRd by the Fim Security JUtmmebL

:11.

n.

Adjustable Rate Feature. Under.thD Note. the Inidal.mkd intacat rate of1'Jlree iIld 66!JOO pc:rocm (3.660%) wbicb
tho UIlp8id principal balance ("Tmdall'D.tDftst RaIl") Is lUbJect to ohaDae. u de&cribed beknv. W11ea Ihe iDtetest Jato
changes. the DCW ~ iDteRIt 11lIto ~ be BJJPucd to the total O1tCStmdiDl priD.cipal baIaaco. Bach ~ to Ibo fntcnsl
rate will be bued upon the weekly average yield OD United StatoI neuury SeauritJ. acijuItcd to CODStIftt IIlIlIlIrit)' oCo=, .
lUx!cxlf)plaa a mqia. The IDdex is published 1u the Pederal Rescm BaIleIin and made awilable by tfJe t1Di1Dd Statel Trcuuty
Dcpartmoat ia SIatistical Releao B.lS(Sl9). If tho IDdDx II DO lotagar available. lADder wil be mQuind to aae
iDcfex
prescribed by the Departmeat
HousiDg aDd Urbm Development 1be I1n' judex wiD have IziItaricII IDDYeIDBDt
lUbltaDdaUy similar to the ori:iW index, ad tbD DeW iadex and anqIJs will ~ in lID IDDUa1 peRXIOIIIp me that iI
substamially ,imllar to 1M me in drect It the limo the orlgiDallDdex ~ unavailable.
u:erueI OD

aD,

or

Lender will pedbm1 tile aabJJatioal dcsciibed bolow to ddemJino the 1ID\V adjusted .interest RIte. Tho iDteIeIt nle IDI1 cbanp
on Septmuher 1, 2081. I1ld on tho 6IIt day of _ ad OIl that day each aucceediq year, or --X.... the finl day ofeach
$UCC~edlDl moI3th (Chage Date) until the loan Is lq)Iid in fUn.

or

Tho yaJue of lhe IDckc wiU be deterrnlDed. UIins the ImIt recent IDckat 1isD available tbfrty (30) d&,. betbte abo Camp Date
("Cum=ot Index"). Before each Change Dato. tbcucw intr:reIt ato wiD be cal~ -by addiaa mugiD to dJo Cumat tadex.
The sum of the margin plus tho CwreDt IIIdex wiD be called die. wCafcuJaIed lDtI:nIt Rate- for each ChDp Date. The
Calculated Interost !tate wUl be compamd to tho io~ d ~ ...efFect immcdiatoI)' prior 10 tho curreat
Data (the
"~

In,ercltRam).

."

c.aae

AllltuDr AdJudnl VadUJe Rate ~eature The iaterat rata wiD DOVer inCRlStt or decreue by more
than two pcrccDfap ~.JD" (2.0%) em auy Kiqle CJIIIp D_ The IDIereIt rate will DeYtr: bo more Ib&D
hial*' or Io\vot IbiD the IDfdaI fa.- rate lilted mPIrtpph 2 of tbJI

five pcroaDlalO points (5,o-h)

Note.
-

MoaWy AdJdSfIal VarialJ1e Rate 'feduR Tho CaIcala=lIntc:lat Rale will DO" iacnue abovo
1~G-

Tho ~Jeted IDterest R.Ite wiD bo acU.WJted iCneceasary 10 OOD1J)Jy with ib8 rate Umitadoa(l) descdbed above IUd will be ia
effect UDdl the next Cbmge Date. At any c&aop dade. jf the CalcuIatad Intercat Rate oquaIa the BUcib& IaIaat Rata. tho
intorest rate willuot cbaDp.

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

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23: ~_ Upon ~ at aD sums IOCUl'Cd by t1Jia Secarlty InItrumeat, Lc:nder .baD 1Illeae this SecuriIy Jnmument
Without Gbqc 10 Banowcr. Borrow=- ahaIl pay 111)' reeardatian coa.
I

Z4. Attome,.'.FeeL AI- U8Cd in drlI ScouriIy fDItIU1btilIt and 1M ~ote. ~ toe." 8haIl iDcIude my IUOmayI' Res
awarded by lID appellate court.

25. Blden to this Security Iulb1lmel!t. If one cr IXXJ1e ridrzlsre crxocu1ed by ~ and teCOnfed toaether with thfs
Security Inmumcnt. the 00Wl18IdI and .~ of each such rider aba11 be 1nQX}Xft1eC1 fnto IIld Iba1t amend aDd suppJemeDt
tho covenants and qreameotI ot tbil Security Dtrmnent as if flIe rida(') ware & part of this SaDity Jnltrumcnt. [Check all

ridcrl that _ app1icable).

I~

I:Rider

IX

RICHARD T. KWIATKOWSKI

Witncaes

A.S~
Signaun:

STATE OF FLORIDA
The 1bn!goi1ll iDsInRneIII:WII.I

:r

4;4'

~ bcAmupe Ibia F?J/

day of

1hJeby PeaItJIope M. GDlelpie aDd PeIleiape M. GRIeIjtJe. Truae.,'Mark GIIIcIJtk\ Tn~

Nell J. GlUC$pIe. TrbIte&, who it ptn<m!ly known 10 me; who ~ pn:ducecI
I

:I?t!n!P1l ~ I~

.'.;',

.~.

.. ~fiGatIon aud who did (did lIClt) takUII oath.

/2:/_~~

~
n&me:
-..r

Book5057/Page1689

Notar)'Public

.........._T
-_
_- RICH/)
KWIATKOWSKI

CFN#2008065290

Page 7 of 11

Bonvwer bu nOl executed any pior IIII1p1ncat ofUlc mnlllDd IJu DOt IIld wiD DOt pcxform my act that would p:eveatLender

aom "miDg JtI r1ghc. UDder tbia Puagnph 19, ClGCpt u ptOVicW ill !he Pbt Security Iutramcat.

Lender shall DOi bG roquind CO BJdet ~ tab oontrol of or maM1aiD dJe PropeI'ta bebe or after aMal DOtice of btwah to
Borrower. BonYCt. LtncIrz or ajudicially appcdbted ftlCCfver DJaY do 10 It atly tfmtr thtft iI. b~ IUIy appljcatioD ofnmll
.baUDot ~ or waivo my defimk or invalidate art:! o1ber rf&bt or nmcdy qrLeador. Thfs aa1pm8Dt ofreall or tho Property
IhaU temrlaato when che debe JOOUrOd by this Secudly IDsCmmeat is pafd m1bI1.

faD" '.rapapJa',

tit.

20. :Foredosure Procedure. IfLend.er req1drca immediate pqmad ~

Laader.1II&1 foreclose
Sceurity InltnlrDeRt by Judtclal pruceedlq. Lead.. IhaIl be allied to coJlDd aD apllllel 1ncIIrnd In lIarsatng ike
remedla prcrvldecl III dd. Pangraph 20, lnelueSma, bllt aot IIDdtecI to, . . .aable IdCDnweya' I.. ad colts or title
evidence.

'

2J. Ueu Priority. Tho fallllllOUnt secured by this Sr:cudty InsINmeot 8hIU ha\'O Uea pdority ~ OII(y to tho f\dJ
amount socurod by the FiIst Security IDItIUmcnt.
22. Adjustable Rate Jfeatwnt. Undri tho NOlet tbe iaitial.Eated Jaterest rate ofT_ie ad '6/180 paoaot (3.660%) which
RaIe1 Is IUbject 10 dump, u described bclow~ WlJeD 1ba imereIt tate
chan'" the aew adjusted fImnIt lIED ~ be IPPJied to die !Dial CUIbIDdiq priDcipaI baJaDce. Badl.p.Imeat1D 1be"mtens
rate will be hued upon tbo weckl)' &\'IDp yiold ml United . . .Tnuury SoGarideI.tecl to CODIIaDt n.murity of ODe yClr
~pJ\II&mqiu, The Iodex upublished Ia tho Federal JWorvo BuJIctiD and Il1Ide available by 1b U.ai1Cd SlIa TJ'DUUIy
Dqwtmeot mSIatiIdcal Rdeuc 11.15(519). !t tho lads k DO longer IYIiIabJe, taler 'MIl be ~ to 1111 l1Iy Iadex
pesoribcd by 1ha Deputmeat or Kousiol and UrbID DeveIopuDt. 'I'he l1ew Judex will haw a bi&tcricel IIIOVOI'MGt
aubItantialJy IimiJar to tho origioal iude, aDd the new fDdex ad margiD wiD ft'I01t In an 1IIUlUIIl percePlap rata tbat is
IUbatantiaUy similar to tho rate in ~ It the time die odgiDal bIdex becornel an&vailable.
ICCNei OD the uopafd principal ~ ("Jidtial Inbl:Clt

Lender will pc:rform the caIcaJadoDI dcsbi1led boIow to dolemdDo tbB now adjusted fDtetoIt rate. Tho iaterost . . may cbBDp
on September 1. 2008. ami on the fiI1t day of _ and. em dIIt day of each ascccedinI year. or --L. tho fi11t day of each
succeeding month (OJaqo Date) until the IOID iJ JqJ&fd In faD.
Tho valuo of Cbe Index wiD be dctarmiDed, using tho moIt.moeut.fndr 1ipe available thfny (30) days bcdbte the <hn80 DMo

f'Curtent Index'? Bc:fore each CbIllJlC Date, thO'DOW iDtetat rate will bo ~ '(J.y addma maxghI to the CurreI1t ~.

The sum of the margin plus tho Curroot !ndoI wiD be caUed fhe. "Calca1atecl !ntcIat Rato" for each ChIDp Date. The

Calculated Interest Rata will be cozupamd CO the Jn~ nd8 '1D."efred' iJrDocIiately prior to tho cummt
Date (the

AExisting Inlerest Rate).

.' -",

a.nae

Annan, AdJatia.1 Variable Rate J'ea1llre .. Tho iDtcreIt. rate will Dever inorcue or decroasc by more

thaD two peJOeDtase ~1Dta (2.0%) 00 any 8in&le Change Dale. The iDtereIt rue wI11 DeVer be more d1Im
fivo pcr'QCDblp poiatl (5.0%) hilher or lower dIU. dle htfdaI fa..- rate llllted. la p~ 2 of tbi8
Note.
Moathly AdJDldIll Variable Rate Peatare The Calcalated Iaterelt Ra1e will aw. fncreuc abovo
13."1%.
The Calculated Imerest late will be I~ if Deeeaat)' to oomply with fbo rate HmlbIdoD(l) duerlbecllbove IDd will be ia
offect aDtil che aaxt Qm1ge Dare. At any ohaqe date. it the CaImIatecl Isdetest Rate oquaJa Ibe BxiIdDIIDIarCIt RabI. tho
in10rat r&to wDl DOt cllaap.
.

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. 1 : . . . . . . . . .

1.:'-'

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fI

_._._

0.

-"'-"'- _ _

"

..

21 ~ Upon payment of all 1UmS' Iecurcd by tltfJ SecJurfty 1DItrurnfm; Lcmdar Iball MIcuo tliI Secuilf Instrumenl
~ charac to Borrower. ~ IhIIJ pay aay recarda1icn c:ostL
24. AttorneY" Fees, ~ usccl in tbfI Security !nItrmDcat and 1&0 ~oce, "1ItOmeyI' tcea" IbaII include

IIJ1)'

IIttOrneyI' 1bI

awanIed by 8JI appellaie court

25- IUden to Ods Secarity!Jaltrunea!t. It ODO or 1bDR' dden arc aeculd by ~ and teCOIded together with this

Sceoritr 1'DstIumt=t, the aownantIlIftd ~ of each 8Idl rldcr aball be iDcorptxaItd into end wn amend cui aupplenu:nt

the COWIIIl1tI and qrecmcntI of thi. Scourity !DatmmtJnt u if the ridcr(.) ware a part of tbia Seeurity ~t. [Check aD
rider- that arc 8pp1ica'blc).

RJCHAII1 T. KWIATKOWSKI

Wi

A.S~
Sigrwure:

(,'

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23. lbleue. Upon payment of allsuma secured by tbiI Security Insbumcnt, Lender shall release this Security Ins1rument
wi1hout d1arge to Borrower. BmTower shall pay lOy recordatim com.
14. Attorneys Fees. }J used in this Sccwity Insb'm'nent and the Note. "attameyI' fees" lhan include any attorney.' feel
awarded by III appellate coprt.
25, RJden to tbtl Secartty IIIItnmeDt. [f one or more ridenr are executed by Bmower and recorded together with dna
Security Instrument, the covcnanSi and agreements of eada IUCh rider Iha1J be incorpomUX! into and shaJJ amend and supplement
the DOVenanlt and agreetnenfl of this Security Ins1nJmcnt U if the rldcr{s) were a part oftbis Security lnItrumenL [Check aD
riders that arc applicable].

Condornlnium Rilb'
.
Shared Appn;ciation Rider

PUDRidcr

Other

BY SlaNINO BELOW, Borrower accepts and agrees 10 the term. and covenants contained in this Security InJtrumcnt and in
'any rider(s) executed B oweranj,
ded with it.

Witnesses:

Signatum:

PENELOPE M. GILLESPIE (BDrrower)

-i.

PENELOPE M. GILLESPIE, TRUSTEE

Book5057/Page1690

NEIL J. GILLESPIE..TRUSTEE

~<':d'~
MARK
SPIE, TR STEE

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Page 8 of 11

,
, ..

EXBIBITA
BxhIbiC A to tho Martpp JJ\raI on lane CI5, 2008, by P.eIopo M. GIDeIpIe, Nell :I. GlDesp" aad Mark GID..... u Co
Truteea or Th' GOIapfe FIIIIIII7 LMDI Trod Alreemtml ..led ~....." 10. 19n ("BomJwm") 10 die SocrctaI)' at
Hou.inS ud 0JbaD DovoJopm.eat. and whoIO addrea ia 451 Seventh Sbot. S.W.. Wahinama. D.C. 20410. ~ or
SecretJry"). 1110 Property fa locateel fA dto county otMarleD, .tIJI ofFL, dcaibed u follo\m

Dcscripdoa olPmperty
Legal Dclcripdon attached hereto II 'BIhibJt A'IDCI by this rcfer=ce m1do I part ~
..

..

LOT(S) 1, BLOCK G, OAK RUN WOODSIDE TRACl, ACCORDING TO THE PLAT.

THEREOF AB REmRDED IN l'LAT BOOK2 AT PAGE(S) 106 THROUGH 112,
INCLUSIVE, OF THE PUBLIC RECORDS OF MARION COUNTY, FLOlUDA
---_.

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Book5057/Page1691

CFN#2008065290

Page 9 of 11

PLANNED UNIT DEVELOPMENT RIDER

FHA Cue Num5er: 091-440S741iJ52.255

Loul Number: 3JJGO

THIS PLANNBD UNIT DBVBLOPMBNT RIDmt is made GO _ OS, 2008, IDd .. iDooIponteei iaIo ad ahaD he
deemed to amend md lupplemeDt tto MortprG, Deed otTDlIC ar Security Deed (tho ~ lasb \iW6Ul" or-SecoGd
SeeurJty !DsUameDc-) ofllle lllDO dale giva by t1Ic UDdcraipecI ('BosrowczM) to Iecme Baaower'. Socaad NotG to rho
Secretmy otHouUs ad Uban Deve!opmeat rLcDdet'? olalla DIM date tDd conring die Property desenDod Ja tho
Security IIIICrum=t ad Jocatod at

8O'Z SW115dl Loop, Ocala, FL 34481

Tho Property II part of. pbmDed UDit davcJapDlalt (PUD) Jau)Ml as:
OJJCRDN

POD COVENANTS. III addltlo. to thee COftDaDtl aad qrctIIleIIG made In the SeelllU1 IItICnuIIDt, Bomnrer
aDd Leuder furtJaer cavenant lad acree u 18IJ1'WI:
A.
So long II the ~ Association (or equivaJeat eDtit)' hoIdID& tWo to COOJI1lOD areas aod &cftitics. acting u
trustee for ,tho homeowoml,' mafncafDs, wkh 'enemf11 accepted Iommnco carder. I "muter" or "Ian~
policy iDsariDg tho'pIOPed)' Iooatcd'm 'tho PUn. inaludina III .vements now existiua or hen:aftcr cncted
011 thomortgaged prmDises, aod IUOh poHCJY is aati8&ctoly to Loader and pmvidcs inauraDce DCM:rIp In Cbc
amouaCl. tor the padods. and 19ailut the hIzmIa Lcudar ad the Secrobay RqUire. iDalwling fire IDd other
hmrda iIIoIudcd wifhJD ~. term JlaI1rGdecI coverap, ad lola by &oct. to tho omm n=qairect by the
SearetIJY, Ibec: (I) Lender 't'aives tho provtikm in Parqraph 2 of this Soourity IasIrumedr tor the payment of
tho ~ fbr buard inmnInce 011 the Property. ml ra) BcnoWotI obHpdoo UDder ParaJrlPh 3 orchis
Securlty ~ IE) maiataill hazanI fasunmce OIl tho Propcdf II deemed milfiod to the exteDt that die
required COWftSO fa providOd by fbe 0w1lert' AaociIdoa poUcy. l3ort'awer abaIl live Leo4 prompt notfce
DC any IapIO ill ~ hazard iDIurancc COYCaIO ad of ID)' I... oocurdD. from hazard. In tho -=at or.
dbtn1Jutiou ofhuanl.iDlanrJae pn.1oceda in lieu Ot'restmlliOD at repair 1bl!owiilg I loa 10 Ibe PIopcrly or to
common . . . aDd 1kcilities ofthe PUn, my pmceeda payable to BoaolWt ~ hereby aaip:d mrS aha!I be
paid to Lander for appIicatioa to the IU1nS looanM1 by this Secuily mstrumeo.. with lOY oxcc:ss paid to the
ODdty loplJy eftddod dIereto.

oreatme lad

B.

Borrower promises to pay a!l duel .ad ~ hnpocecl punnIIIJt to fAa lepl faatrcmlCDll
covanins tho POD.

C.

If Borrower doeIllDC pay Pt.JD duel md weameatl when dDeE, thea Lead may PlY them. Any AmOUO!l
diaburacd by LendtJr amdcr ~ . . . .pb C.hall booomo IdcIidoDaJ etobt e:tCBanower ~ by die Security
Jnacrameot. UDIea Bormv.Jer and Lender .~ to OCher terJnI of payment, tboso IDlOUDIS aU bear interest
fi'om the data of disbaticmmt It tho Nato nto ancr~n be payable, wkb iDt=eIt. upoa notice from Loador to
BarrowerrequoatfQJ~l

~'.

,....

BY SlaNINO BBLOW, Borrower acCcplll1ld agrees to 1bo tcnU ad pnwiIIoDs coataJned fa tbIa PtJD Rider.

'&plotl

Book5057/Page1692

CFN#200B065290

Page 10 of 11

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PLANNED UNIT DEVELOPMENT RIDER

FHA Cue Number: 091..44057411952-255

Loan Number: 39JOD

nus PLANNBD UNIT DBVBLOPMBNT RIDBR. Is made OD 1uno OS. 2008, aDd is iucorponned ioto and .baD be
deemed to amend IIDCI supplement the Mortpgc, Deed oCTnJat or Security Deed (the "Scourity Instrumonr-' or SCCODd
Security Iutrumca~ of the same date sMm by tho UDdersiped ("Borrower) to secure Borrowrrl Secoad Note to the
Secrctmy ofHousing and UJbao Development ("Leader") of the sarno date md covering the Property described in the
Security IDstrumcnt and located It
8092 SW 115& LoDp, Oella. FL 34481
Tho Property Is a part of a p1aDDed unit development (POD) blow II:

OAKRUN
PUD COVENANTS. Io addltloD to "ee C8YeDUIi and au-menb ...de III the Security I.ltraIllCIIC; Borrower

aad Lader furtber cove.ot and acne .. eIIcnn:

A.
So long u die QwIlenI AJIOCiaIiOll (or equivalt:IJt canty boldiDg tido to common areas aDd facili1ia, ICtmS u

tnJstco for the homeownc:n. maiataiDl, with a generally accepted inlinDce carrier, "master" or ~Ianbr'
policy inmring the property located fa Cho PUD. iDcludiDg aD irnprovemeull DoW cxistiag or bcreafter erected
on the mortgaged prcmiIcs, and aucb policy is atilfadDry to Leadar IIDd provides inIunmce coverage in the
antOuata. ror th~ periods, and against Ihc haards Lender lAd the Secns1aJy require, Including fire aDd other
hazmda included within the term "extcmded cOvengo,It and loa by flood, to rho extent required by !he
Sccre1Bry. thea: (0 Leader waives the provtiioa iD Paragraph 2 of thil Security ImItrumeot for the payment of
tho premium for bazard i;lsurancc OIl the Propmy. and (ti) Borrown obligation uDder Parqrapb 3 of this
Sccority 1DItnJmcmt to rnaintain bazud iuaarance on tba Property is deemed sadJtied to the: mcteat that the
required coven., ia provided by the OwnerS A.uoeiatioa poliey. Borrower shall give Lender prompt notice
ofany lapse in required ha2IId iDsurmce coverage and of cry lou ocourriDl from hazard, In the ovent ot.
distribution of hazard insunDce pracecds ill lieu of matoratioa or ropair fol1owina loa to Ibo Property or to
commou areal and ticilides of tho PUn. any proceeds payabJc to Borrower 110 hcnby auigoed aDd IhaD be
paid to Leader for applicatioo to lbo IUmI secured by tbi. Security lDstrumeDt. with any exGCM paid to the
entity legally Dntidcd thereto.

B.

Borrower promises to pay all dues and I8IeIsmeDts imposed punuant to the Jepl iDstnnn=ts creating and
governing the PUD.

C.

If Borrower doeI DOt pay PUD dacs and ~1I.wben due, thea Leader may p8y Ibcm. AJJy annDUDl!
disbursed by Leader UDder this parapapa C shaD blQamc additiooal debe of Borrowcr locured by tho Security
InItnralent. Unless Borrower IDd Leodcrt.~ to _
tcrmr of payment. those IDI01IDtI shall bear intmlt
fiom the date of disb~ at the Hoe tall: ad shall be payable. with iD~ upon DOtice trom IAmder 10
BOlTOWOf requestma payment.
.

BY SlaNINO BELOW. Borrower acceptI and agrees to the tenDs ad proviaions cootaimd in this PlJD Rider.

Penelope M. Gillespie. Trultee

NEIL J. GILLiSpIE, TRUSTEE

'eadope Ai. GOlesp

..... aCl

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Book5057/Page1693

.'.'

CFN#2008065290

Page 11 of 11

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