notice of action to foreclose clerk david r ellspermann for mccalla raymer

8/20/2019 NOTICE of ACTION to Foreclose Clerk David R Ellspermann for McCalla Raymer.

1/44

XX

INTHECIRCUITCOURTOFTHE

FIFTHJUDICIALCIRCUITOF

FLORIDAINANDFORMARION

COUNTY

CASENO.42-2013-CA-000115-AXXX

REVERSE MORTGAGE SOLUTIONS,

INC.,

Plaintiff,

vs.

NEILJ.GILLESPIEANDMARK

GILLESPIEASCO-TRUSTEESOFTHE

GILLESPIEFAMILYLIVINGTRUST

AGREEMENTDATEDFEBRUARY10,

1997,etaI.,

Defendants.

/

NOTICE OF CTION

To:

UNKNOWNSETTLORSIBENEFICIARIESOFTHEGILLESPIEFAMILYLIVING

TRUSTAGREEMENTDATEDFEBRUARY10,1997

8092SW115THLOOP,

OCALA,FL34481


2/44

CASE NO. 42 2013 CA OOOl15 AXXX XX

demanded in the Complaint.

--

WITNESS my hand and seal o said Court on the

y

o ~ \ u 0 C n \ f 2 ~

OAV1D

R

8 J _ S ~ ~ A N N

CLERK OF THE CIRCUIT COURT

As C ~ ~ k H O f R ~ t h e ~ ~ ~ ~ ezC .lo

. ~ ~ J

BY:

-

Deputy Clerk

Publish In:

Voice

o

South Marion

Bill To:

MCCALLA RAYMER, LLC

225

E. Robinson

St.

Suite

155

Orlando, FL 32801

Phone: 407) 674-1850

Fax: 321) 248-0420


3/44

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 ,

O K

RUN

HOMEOWNERS ASSOCIATION, INC. ,

UNITED

STATES OF

AMERICA, ON BEHALF

OF THE SECRETARY

OF HOUSING AND

URBAN DEVELOPMENT, ELIZABETH

BAUERLE MARK GILLESPIE,

NEIL

J.

r'· . - ' ~ r , < . ,'''<

GILLESPIE, DEVELOPMENT

CONSTRUCTION CORPORATION OF

AMERICA,

UNKNOWN

SPOUSE

OF

ELIZABETH BAUERLE, UNKNOWN SPOUSE

OF

MARK GILLESPIE, UNKNOWN

SPOUSE

OF

NEIL

J.

GILLESPIE, UNKNOWN

and

Return

ETTLORS/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


4/44

5

IN

THE

CIRCUIT COURT OF

THE

JUDICIAL CIRCUIT IN AND FOR

~ O N O U N T ~ F L O R I D

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;


5/44

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.

2.

On June

5, 2008, PENELOPE M. GILLESPIE, INDIVIDUALLY

AND

AS

CO

TRUSTEE AND

NEIL

J. GILLESPIE

AND

MARK. GILLESPIE, CO-TRUSTEES executed and

delivered a Promissory Note to the Payee named thereon. On

June

5, 2008, PENELOPE M.

GILLESPIE, INDIVIDUALLY

AND

AS CO-TRUSTEE AND

NEIL J.

GILLESPIE AND

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

said Note.

The

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.


6/44

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,

s

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 y

or

through said deceased person.

13. Defendant,

M RK

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

M RK

GILLESPIE

S

CO-TRUSTEES

OF THE GILLESPIE

FAMILY

LIVING TRUST AGREEMENT

DATED FEBRUARY

10,1997,


7/44

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,

O K

RUN HOMEOWNERS ASSOCIATION, INC., is joined

by

virtue

of any

right, title or interest said

Defendant may

claim

under

F.S. §§ 7.18.116 and/or

720.3085 or pursuant to the association's declaration

or

other covenants.

20. Defendant, DEVELOPMENT CONSTRUCTION CORPORATION OF

AMERICA, is joined by virtue of any right, title or interest said Defendant may claim under the

lien

dated June 23, 2011, and recorded on June 23, 2011, in Official Records Book 5534, at page

772,

of

at Instrument No.

06 23 2011

in the public records of Marion County, Florida, in the

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

Mortgage held by Plaintiff.

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

SECRETARY OF HOUSING AND URBAN

E V E L O P M E ~ 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:

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

AND BENEFICIARIES or other parties claiming an interest

in

the subject property by, through,

under, or against UNKNOWN SETTLERS/BENEFICIARIES OF THE GILLESPIE FAMILY

LNING

TRUST AGREEMENT DATED FEBRUARY 10, 1997, are joined as defendants


8/44

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

of

the

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 f r a . 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: [email protected]

Fla. Bar No.: 0029364

FLA.R.CIV.P I.I10(b)

VERIFICATION


9/44

',-

: · ~ / .

ADJUS'l,(IIJt°R:A'l'E

(HOME EQUin·CoNWi··

QUll>M

STATEO'FL

PROPERTY

ADDRESS

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10/44

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11/44

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WAIVERS

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cJae

riPU o t ~ t m e I I a4 aotfce ofdWIonor. '1'lCiQlIliK1St"__ b

rfIhI.

to Lcuda' IecbuInd

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be

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Do" orII.

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.1 .a I.mcJor. lIOtJoe o r ~ 4I1rcnQt

IddIcu.

Any ftOtIca Ua&1 muJt

bo liveD

IILa1cfIIruncIat chU 'NoaI

will

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4(8)

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ULAnONSHIPTOSECONDNOD

(A)Sr.coAd

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D

ar

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10

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No"

10 1M

Socmal)'. .

(8)Rdalhnu.

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III

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debt

cJJo IDd&r

IhIa

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ta

lbt Sc=tar)';

or

en)

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bt

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L

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WbcAIbcnf.t lID IIIIpmCnlOf. . . . . . .emenC

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12/44

(0) Trv'lI

CoD¥e)'PCCtof. 80nvwcn i4tcral

in

thePropc:rtyEo I trust

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trV.t',""cresti.chl

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_Ill DOl It.cou141cnd.

co.,,)'UCC

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beconaIdc'R:dan occupNal orbecouJdtr!duhavill'•priDcep.J RlideDce farptIIPOIeIortldl7mpwpk.

I.

WAIVERS

Borrower

waiftl1MrtaMa DC

pf'CICDtmcnt Mdnotice

ordishonor. -PNlcnCftMQr mean.Ibenah'10 Lender '0

p'ymanr or

unlMliJ

du'l "Nollceofdl.lono

....

mMprlhoript 10~ u l r e

1.Qderto

at . lIotk:aID other pcnOfti

\h.lUlJDUII"

due

h.

ve nOIbe. pa.id.

P.

CIVJNGorNOTICES

UnlCA

.ppli"blc

Jew

requim•djffmut

mllthod.

any

""IIIIUIC

b'

stvon

10

Borrower

under

Ihif

Note

*111

bt

IIvtn

by

do.lfverinlllor

by

maUtQlllbynr- clql lIUIillD BorTOWCr

at he pro]*111C1c1rea

.boYe or

. . .

dltrennt Iddra.tifBorrower hit

alvtn LcDder I aotiCl r

Bonowct.

durc:ratC

.ddreu,

ADy 1aQci lhl1nu be p n to Lead'" underIhi. Note will bo

liven

by fir'IC

e ~

. . .110 Lender II beaddrat

In

PIrG.ltaph

4{B)

or

I f I dill cma&

adcIru.ifborrower is ,Iven

I n o l i ~ ~

gC thaidlrrnal

.ddmt,

10. OBLIGATIONS

OFPERSONS

UNDER

THIS

NOn

Irmore

U111L

OM penona tp

111m

parlOQ II1\10)' oblip'edtokeep.UuribeprcmJsa made

In

ibis

Hole.

l..eftdernu)'

cnrcm:c iwriaha

uncS.lhla NO\D

onfrlhrouab1&18

Drlh.

Proparty.

LI. RELAnONSHIPTO

&ICOND

NOTE

(A)

SttoncS

Note

&caus, BOITOwcr

will

be requJrcd lD seplY Imounu

which

the

S ~ L a r ) ' maymat,

10

or'DI

bchIlf

orBorrower

p\IlWt.nl

to

S ~ i o n 2 ~ . 5 i 1 A

DClbe

National Houslnl

end

Ulo

Lou J r o c m c n ~ LhtSNRLu'7

bu

requlRd BorfOWCI'10 IflD11

Sec:on4

NoLe

'0

lh.Sectary.

(I)

Rel.tionalilp

DrSccretaf'1 Ply.cnllI,UUINel.

P_ymeull

made

by

die S ~ l I r y shallnolbe i n c l ~ d e d

in

1M d ~ b l duo13 . thi.

Note

uafClI:

(i) ThlJ

Nol,

lI.aaJptd10 lh' SceroIary.

or

(Ii)

lba

Seaetar7

ICCCpllrcuoburaan""by

LctndcrIDI

all

p&JII1OnII

II1Idoby

1-' Sccrwtlty.

Ifthe C \ m l m s ~ C C I described1ft (I) cr B)

oa:ur.

lhen .n

p'rQlCltlJ

made by Ihe Secntary. inCiIudin,

intM'Cl&

thepI)'rncnm.

'hallbe

Ulcludcdinthe

debt.

(C) Ilfec.. .aBDrrower

Where

lbc:ro"

no

wilftmcn4

ornsilnbwwcmCIIl asdu


13/44

•

•

ADJVSTABLZRATE SECOND NOTE

(HOME

EQUITY

CONVERSION)

STATEOFFL

June

05,

1008

FHA.

Nuabcr: 091-440574 mn..z55

PROPERTYADDUSS

. Loin NUJlJbtri BJOO

10'% rw UStIl Lo.p

Oat., FL

34411

tl

DEWmONS

-gorfOWer meal caeb pc:nQll lipinZ

at

lb. cad or

thb

NOCt. · S t ~ r - t I I 1 Qr ~ ruan, ~ SecrI.cary of

HOUIU\llnd Urbln Dcvdcpment or bSl or her lathorize4

reprcteJlII1hCl.

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 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

d.1cd JUDe 05.

ZOOI

ru-

ApecmcQr),

'Bomww

pr'CJD:Ib_

CD pay 10 ~ ardor

1

Lcmkr I

prindpll

amcnanl equal \0 lbt I\JInorllJ

toM c l ~

midi

.. .

Ibo

Loa wi\h J n ~ All

l J X U D ~ a d ~ a n o o d by

Lendar.

pM

Q ~

if

not paid

earJitr, t duo ImCl S-y.blc on Oe.tokr' 11, me. u.ren:.c

will

be ~ h l r D d on

principal

It dtc rue 0

Thne

. d ' ' '100 peroe:4'

(J.HO%)

per )WI' umiI rh6

1\10

lmount of

~ i p l l

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 m a d ~ pa1 of

"'"' ~ i p l l

kw.

.,

• Loan

A ~ G C

~ JhaIJ

Jikcwia

UtcrcaDcr bCltr inlUCSl.

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

u

this Noll: an4 caSlEd th, · S t c w i ~

1NIrwncDC-

or

Us,

·Seooad Security 1rIslnm\ul". The Scwrit)'

lDstnI

.. .OI

plOteCU the Leada' 10m

IOIla "'hiclt

ml.Jn

resull if

Borrower

dafaul1l

ft" &hiI

Noca. Borrower.1.Io

CQQ)&ed •

Farll Sc=unf)' lastrumcat

&lid

First

NOlD

whcoo

tbI:

S ~ o n d SDCUrit)' Imnmcmt and

thiI Nolo

f t re

cxOCUWd.

4, MMNER

0 PAYM.Dt,.'

(A) Time

Bonowt.T

lb."

pay 11 O\Ilstandlna

~ I

and KCMld

l a c ~

10

LeDdel'

upon

","ipe or

a

DOLice by

Lender

mpiriq

immediate p.ymel'l in ruu, u

provided

b h n ~ p k 7or Ihls

NOLeI

(B)

rlace

PI1fIICnl

be rudt

It the

Ollloo or

he H O U J n · ~

CCmplrOUu,

D1recror

r:(

Moltp,.

~

Aoeountiq

Ind

S m ' i ~ 7th

S l * ~

S,

W•

Wuhm,tom. DC 2041 D

or U2)' M:h other pflQO U

Londcr 1M)'

desipl . in

writil\l by a o t i ~ t t o

BOrTGWCI',

(CJ UmU.UoA of LlabWt1

..

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14/44

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15/44

•

CD) ......u.

o n ~ ()(. SonPw'. intanlSl ill

lb, Prvpody

CO

•

tnM

wbicli

till ~ or 1M or

~ 1 M ) c : e

cr,1nutI iDlGfttr I. the 1raper1)' to. o n o w v . l b a J l l O I ~ CGalfdnd. crinft1lDCllbr o(

chis P ~ p h . It. WIt

~ not be

considered

an

occupIInt

or

be

J

UriaI

A priufpal

rmtc:nc. t r

p u r p ~ e . t oflhll JlaaqrapIL

& WAIVERS

Borrower .Itvta

rbe rip .. of'pracalmlllllDd

nodot

ordllhcmDf.

?toIcD1mlftt'

mcanr the ript to teruSor 10

damwd paJml"l

of

&1710

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.

,. GMNG 0 ' fitrnClS

u.rca

eppncablo tIW

cllrln:m

-&bod. IftY

ooGco

&hal RIIII be PSI to Bonvwct under Is ~ wm be

II

by deli'lll'in.lt or by auom, II

by

tbIl ella inaiJ

1D Bcrrowa'

IIIbI p I v p c r t y . ~ &bow

or t J .

clJlfeM

addn:sllt'Bcm'owcr hu Rival u. Socre1l:y •

DOtiDil

orBorrowa'. dUfen:d Iddfta.

Any nDlIect camf bl.lvlQ co U 1 ~ S o c n I u r u z u t o r 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

S I C ~ .

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.nONSRJPTO msTNOn

(A)

SKond Not.

Bc:cuao Borrvwer will bel raqulml

10

amounII wblr.b

chi

SeClCtItf ru.y mab

r6 or

011 behalf

or

Bcnvwer

pwsU1l1l1o S«;daD 1S5


16/44

1) Tru,ta.

C o n w y a n ~ C I

or I

B o n o w ~ illtm:tt

In he

Property O

I Lrull

wbleb

. . . . . he

req.Jraru:all

Or

the Secnuty.

Of

conveyance Dr I SNIt'! inlercatlln

.110 to.

Borrower. IbdI ItOI bel

cDIl,iclen:d

•

ClOftW)'lnct

for or

this

Panl"lpL A

IrUSt

.hall

neM bt c:oNidmd

In

0CCIUpIAI t be goasideted at _villi

• principII

re.sldlilce for

purpOUJ

or

hi.P ' l r l ph.

a

WAIVERS

B D ~ e t 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

p m ~ n s ,ba'III1O\lDCI du,

have

noc1teUl plid.

9. GIVING 0 NOTICES

Unlcss

appliubtD mw

~ i m

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 ifBonoMr hN

~ i v e n

th' CQlclary • nlMicc of Borruwer'1 ditTenni ~

Any

n o c ~

lbll

musl bo siven la

aha

Secrellry

under

Ihis Note Mil b' liven by

nfl'

mail

10 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. N o t ~ 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

&tI\Qc Borrowcr will ~ rcqu,"d to replY ItnCMll which

the

SocrctaI)' ma)' make

0

or

on

bdlaJf or BvTlOWCf

p w 1 ~ n I I O

Scccion

ZSS(iXl)(A) of the National Howinl Act Inc!

the

Loan Asrecmcnl. lhe

S e c r o ~

It••

Borrower

'0 ITt' . ., HoI. che

Sccre.,.

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

rlymCl111 m.dc y

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

I m b v n c ~

byaho

Londar

fDr'

.11

plymMLJ lII,de

by

Ihe

S""l&ry.

It

in:

circulnl&aDOet

d ~ n b e c f

in

(I)

Of

(ii) ote'UI. Chen

aU

paYTl1cnb

mid"

bY thI SemlUJ.

incladinl

in'tmf

on

Ihe

paymcnu. dull

be

i l l 1 u d ~ tra the deba under tho

Fil'll Nole.


17/44

. .

- ..

.-

.

.

__._---

D'tVl)

R.

B.LSPEfUW4N.

Q..ERj(

~ ~ C O L M Y

RacorQing Requested

by &

DATE: 0612512008 12:55:34

PM

•

When

Recorded

Return To: 10

FILE 2008065289

OR

BK 05057 PGS 1670-1682

US Recordings, Inc. t a : 1 ~

2925

Country Drive Bta 201

A

RECORDING FEE8112.01

St. PI!ul

4

MN ~ ~ l t 5 a S rtJt.

MORT

DOC

TAX

893.00

~ p a ~ ~ ~ : ~ ~

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

Statl olFlarJda

ADJUSTABLE RATE

a:QMB EQUITY

CONVDSION

MORTGAGE

.

--AN

. .

,IV '

THIS

MOR1GAGB ("Security ..

giwa oa

JUDI as

2088.

Tbe raortpsor is Pcaelope

1\£

Nel

J. .

Gmesple

and Mark GIllIspie, Co-Truateu ofTIleOUIeIplt FadJrLhiBI

Traat AFM_eat dated

J'ehruarJ

10,

DJ7,

whoBc

address is Ion

SW 115t1l

Loop.

Ocala, PL34481

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 C o n I ~ f t

CA

0 ("Lauter'). BODOWar'

hal

aped

to

o Lader ID101JDtI which

Leader is obligated to advaucc, iueJudmg 1bIuroadwDceI. WIder tho teaDI orallOJDD Bquity CoawnloD. lAm

Agreetncat

d&t.cd

the

same

date IS ibis SCcurit)' 1JJsImment ("LoaD

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


18/44

2.

P81Dlnt

ofPropert)'

Claallel.

Bqrmwer

shall

pq

all pzopmydJazps caDlildDll aflllxel,

II'OlIDd

reaII. 800d IDd

hazard

luuraneo prelJliums.

IIId II*lalllllelamenta

ill &

timely DIIIIIJKI',

aDd

thall prcwidt ovideDco

of

paymtJDt 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 a d 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.

-"'ma 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..

In tho cmmt of loss, BoItowc

shalllivo

Lender IDmediare

1lOtko

by maiL LeaderIDlY

mate

proofof 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.

i f

he

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

less_

tho IDstuaDco

procoeclIlhaIl

bo appDed

fiaI

to

the

rect1JCdcm

of

1D1

i d e ~

tUJdcrr

a

Sccaad

Note

aDd

Scconcl

Sccudty

DICnBneDt

held by

die

StCIeIIIy

oa Ibe PJop8l't¥ ad than 10 the

r c d u ~ o n 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.

In tho 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 D

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

]cu tODe Borrower. ffiDItiallJmoro than

ODS

pct'IOD l i e 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,


19/44

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

~

u

doftaed

ID tbo LollI A ~ I I weD

III

aU

IUDII.

due 10 the loaD

aervioer

far

lClViolns

acdyJdcs

("Serv1cina

Peo,

II&s1lQcd In1heLouApcm.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 • pUIp080

for the lDspecdan

or

app%Iisal wJdclx JJlDst

be re!aIed

to Leoder'I mleftJlt In the Property. f

tbs

Pmpa1y II Y8CIDt r abcadoDad

or fM loJU

is

in

dcdimlt; Leo&t may fake ~ 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 at·CX'"d"J!M'ltion Iba11

bc"pajd

to L=dcr.

The

proooeds

sbIu

~

'P9

Iiocl

fInJt

to 60,

Rducdoa of

any

iDdobIccfDeu lIDder • Scoaacl Note aDd Secoad Stoudt)' JJIIIrUmeDt

,held

by

tho Sccrotary

em

th, 1'rop0lty, _ ~ o the rcducdon

ortbo fadebtednesa

undarthe Note

IDd 1bic

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 D c l I t ~ ,

(a) Due and :ra,ule. LeDder miy [equire immediate

PayI1\ODt

ill tbll

oCalll1JmC

sceuted by thiI Security lDItnuDODt Jf:

(J) A Borrowermel

aDd

f ~ p p o t t J

is

aot the priDcipal

rcaideDce of t

least

IUJ'Ylving Bomnror;

or

(Ii) AU of

a

Boaowor'. tItii m tho PIoperty (or hia or

her beI2cficIaI m_ ll bUll 0WDiDI

all or pan

of

the

property)

is lOki

or

~ i l e irIaIferted IIQ DO otbet Bonuw« retaInI

Ca)

tide

to

theProperty 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

b e y O ~ j the

date of dJo lOOd1

btrtbday

ollho youDgeIt

Bcirrowa-, or

(e) a l1te eslale

in tho

~ p c r r t y (or a beneficial f « o t in a1lUltwith sur.b III IDtcftat fD tho Pruperty).

(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 p p r o ~ n l by

III

aalhorizecl ofdJo ScQretary, f

(i) The Property o

,t;-, the

priDcjpa1la1deoceof

a

Bo.aowv rat teIIODS

cthor

thao deafb

ad tho

Property

is

not

d10

priDCipal r o a ~ ~ ·

or

at lout ODe

other

Borrower;

or

:


20/44

• " "

4

I. "

.

"

_..

• •• _ .•. "" • .•

. It

,f

r

{

..

.

toward tho baJance: or

(Jv) tho

Leddcr

with • deed I.a Ucu offoroc1olure.

(el

'milt .

CoJMyaaee of. loII=at

fa

Cbe r o ~

to.

trail which

mceII

the

lCqa f s_

oftbcSoandaI)'.

or

convoymco of a IraIt'I fIdeIacI ID: ~

P opert)'

to

•

Bouowet, Iha1IDDt

be

COI1IIidtJR:d

•

OCIIlwyaDCCI fbi" pIlpOICI of thiI

Paragraph. A

UUst

sbaD

DOt be ~ l n d an occupant or be

comidered •

haviq I prmeipII

n:sIdaaco

fur purposea at this

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

~ t l J i D cigbl

(8) mcm1hJ fiom Iba Lader

may. at

hi 0)Jti0D.

nqaim immediate

paymeat

m

UJI

of

an

IUIDI

socu:cd

by

this

Security

1DICnDbcmL

A

wri1tcd

$tIIemeDt

of

aay 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 neligibility. NotwithstandiD,lbo inloiD& thJI optlOD may DOt

be

oxcniIed by IADder

wben the unavailability ofiumuco s

,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

i f the Security

lnstrumeot

Ja f'orec1oled. If

this Security IutnaueDt

JJ UIIped to 111

Secmary lIpOJl

demll1d by

th,

Secretary, 'Boavwer lball

DOt

be liablo

for any

di1ferenco betweeD Iho

mortsale

inmrance

beafitl paid ID LeDcIar

aDd fhr: OWStUding iDdebtedneu. iDcJudms accroed iDtrzeItt owed b1 Boaowerat 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 . . I I 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 m n t e d i a ~ y precedIaa the COJDI 1OIIOeIDet

of

a ~

fareolosuro pl"C"""ting. (iI) rallS'aloa mtwmpreai&do

fcnc:1.oan

011

difreralf gmuDds 10

tho

filtzim, or (iii) roialCatemeDt wW

advt:rxJ1 Woct the

o f b

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). I t 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 the·maximum prIDaipa1 amount ItIkd

or


21/44

• I

.j

I

T

.

dcfemJiJa that

1ID1

part

ot

tho PIopc:rty ilsubJect o • 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)

of

the Natiooal HOWling Act

IDd tho

IANIII ~

uulelB

othawile pzovided

by

1be

SocrefCy. the Secretary ba required Borrower to aecate Secoad Note aad SecoDd Security IDatnJmeat

em the

Property.

(b)

RelaIioIIIhlp

orPInt

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 or 111 paymenII

JDIde.

by tho

S==taty.

I f

the

ckaJlbItaDCeS described

In

(0 or (d) occur,

thea I1J

~

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 1 t l 1 I11d lWemsea of tho Prope ty

UDderPlrappb

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

I t

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.

(d) No Duty.1Ole Secretary. no

Secmmy

bile DO

duty

to Leader to eafarco ooveaaall ottho Socudl)' lnsb'1DD.eDtor

co

bike actions to paorve tho

value

or be Property,

even tboup

Lendc:r mar

be

uaable to

coI1eot

IIDOUaII owed

under

tho

Note becauso oCrestrictiODlm

thil

Paragraph

13,

,

14.

Forbearaace

b,

LoIader

Not a

WaJYer.

trt

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 Q d ortlU, Security

~


22/44

NON

..

UNIFOlW

COVENANTS.

Boavwar ladLeader ftdacr

IDd IJrrl8a rtdIo'n:

1'_ Aulpmmt

of

Beats. Bonowar

uaconditkJDlDy

PIad 1I'I1IJ&m 1D

Leader

I1lIbe mel mtemteI

of

tho Pmperty.

Borrower

lUllJorizeI

Ler1dar or

Lendtrl

apDII

to

collect

Cbe

ratllDd rr:wmueIlDd blnb)' cfirectaeach

teIJaut

ofdie Property to

pay the rents toLender or Leader'a 8pI1t1. Bowwvar, prior 10 leJJdef.Not1cc CD Boauwer orBonowen1naah

of

lIlY 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

I lCipulr l l tof

ream

COdIflUllelID abIohdI -sruaa

aDd

DOt 8J2 aaipaat

for

.dditiooal.eourity ODly.

I fLeader gives IlOdce of1nacb to Borrower: (a>

t1l

rem. J'ICCiwd bJ

Banower

abaJI be 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&

duoad

uopald to Lendar orLeader'a aa=t

OD

LGtIden

wriuen cIemaDd to tho tenant

BOD OWer hal

IJot

aceutod.any prior

a i ~ altlJe nmtI ad

hal

DOt

ad wiUlICJt

perf

ODD IllY aot that would prevent Leader

'from

e:xtnidng

ita righrI UDder au. ParrirtPh 19.

Laufer

shall

not be

to

eater take CODIIOl ofor

mainIIiD

Cho Pro,perty before or afterpial DOdoo of breach to

Bonowor.

However. Loodet

or

a judJdIJly t e d

mcalver may

do 80

at

IfJ1Iimo then i I

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

20.

Foreclosure Proeedure.

I f

Leader

requfra

Immtdlatepl)'IDeat

tD fu)J

uder

Parap-apJa ' ,Leader DI rendue

thI.

Seeurlty IQltnment

by

Jadldal prvceedfaB. Lender

Ihan

be eJdttled

to

caJled aU upeue I hlmrnd III panu1bg

the .

remedies

provided

fD tId. r ....vril'la 20.

lacludlnz

nit

Dtt ftDIIttd ~

reaouble

attoraeya'

r_ aruI

COllI or title

evldeDeG.

21.

LIeJI Prtorfty. the faU

amoat ICCmCd

by thiI

Socuri1y

IDstrumcDtshall have tho

I8Ilie priority

aver

III)'

othar Ileal on the

PrOperty

I

ff tho

fUU

amouathid been 011

the

date the

iBfdal

dilburBemaPt wa bRdo. reprdItIII oftbe actual date of

any

c1sbursGmczt. 1bo amcnmt IDClnd

by

ddI

Socurity IhaD

Jac1ude

aU ditect re)'lllaDtl

byLader to Boa-ower aDd

all other loaD acWancos

by

this.Security WtnIment Car any pmpose. 11aIs1iea 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

~ t 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


23/44

_. . . .

• . •••

• • •

~ _ ~ :

. • •

_ •• ••••

r.

,

••• .

..

'1....:..:;.. ••

•

_ : : . . ~ . ~ _ • ••

_

••••

_

_ I •.

__

.•.

_ ..

..

..-.-

..

-. ._ _ , _ _.

. I

......., .

-axIstinal..

ta1:St

Rate).

Ann

u

all7 Mijultlag Varialtle Rate l'tatart • 'fbe: ID:test rate wUl oevcr CRaIe 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

wm never in.creae above

13.6605.

'I'bcs 0tJcu1alDd Jat=:st:Rate wUI be IdJURd i t

DCCCSIIl

to campJy with

the

'* JimbdoD(s) deacribed

IIbcMs

inri wiD

be

10

r:frect

1IDD1 the nut Qlanp DaEJ. At

I n }

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 SecuriC lnstrufDeQl. LoxIer shall 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 ofach

.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

W i ~ ~ ~ ~ ~ ~ ~ e ~ ~ ~ . ~ . r l f J ; i ~ ~


24/44

•

BxIIIbw

1'JlIenII

It*).

AaaaBr

VIdabla

r.tan.

n. wBI

or

decNaa by

twa .. pahD CZJ)5) 01-., a..-c.. wID

. ver _ -

awe

;ewe

.. JdI1* ar

dlllIIIdII

.

2

or

. .

Hole.

V.tIJiI r. . . . • ne Cd:a1IIId

III1Dnrat

. . . . wJII D&MW *"'= \

.

BY

SIQlUIO

BILOW.

Banower: III " the

.... CGIII*IDed . .

ddI.s.carttr 1DIa

1Dd m

fllttidll a)

. , ~ e d

.....wI1I

It.

WibM:8a:

._ _. -.--_..

_

.•..__._---------,


25/44

.....:.:

__

, •

.

'

.. 4J_.a.

_ _

_

•

I .. .-

!

STATE

OFFLORIDA

COVNn OP 11/11,(/,11

The fingoin&

natnImcnt

WlIll

befinme

thi8 ~ t day or

. S

UIl £ ,,1(1/(7 . •

by ~

M. GfIIapio ad

I'CIldope M.

GRIeIpIe.

Truatee. .fIIfSi

81

. . . . . .

Tnutee.

NeD

J.

GW""e,Trustee.

who

is

peI$OD8IIJ known

to me;

who

has

produced

J¥lytr£

i l{ A /$€

~ : r ~

Na=:

·RlCHAIf) T.

K W l T K ~ K

•• c


26/44

'_'

• • , .. . __ ....

..•.

_ . _ ..

"""""

.. - . . - -a . . - -_ ._ _ .

n A T E o p 2 i J : I { ~

i-/J » }

COUNTY

~ r r { J A ; f

The

foregoing

ins1rumcntwullCknowlodged

befcRme

this

day

of

IIe

2tJO

.

by

»'.'''':

M:

GIIS(1It

,btl Pta

. . . .

U.

GHlapn;

i

G U I ~

.:trz lea,

~ ~ a p l e

T: u. . . . .who is personally

known

to

me; who b s producccl

I';pc/ve

/s LtNnS f


27/44

;_ -

.•

._•

•••••• .:.

__

:

_...:..1_

..

....

.. -

-

-......

-_ - -. - -

_. -' .

-----. . _

__.

•.

' PLANNEDUNIT DEVELOPMENT RIDER

FHA. Cue Number: 0 9 1 4 4 O . S 1 ~ J I 9 Z %S

LoaaNbmbc:r: 39JOB

8Og2 8WJl 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

l i e u aDd

laaiHd

actiDc

u

tnIItea for

d1e

mam_ wirb I pDenfiy

ecccp£ed

pmiar, I t

-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

Leuder

IIJd the

Se=1IUy

Iequfro. tncludins the IUd oCher

hazards h1cIudecl widda the 1ena RcxtaIded cownae.

1I

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 ordtis

·

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 ~ U c y .

Bonawor Iba1l

P Leader'

prcJq)t DOdcc

ofany • bl JeqUiJad b&ard iascnace coYetap ad otmy 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 U

bo

paid 10 La1dcr b

appBcadaa

ID die lUIDI.ccured by tbfI B=dy'.fDstnmad. wkh

any e«eesI paid

to the

~

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


28/44

.

.,

,.

P L t ~ D

UNIT

DEVELOPMENT

RIDER

FHA

Cue NlDDbcr:

0 9 1 - 4 4 0 5 7 ~ 1 1 9 1 - 5 S

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 o

Tn1st or Security Deed (tho ·Security Jnstrum.earI) of the

aame

given

by the \IDdcrIigacd

C'Boaower")

to 5eClR Borrowers Note to LIberty RneneMart: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. FL34-C11

The

Property

i l l

part

of

a

p1mmecl

unit

devdopmCDt

(PUD)

bowu

as:

OAKIlUN

POD

COVENANTS. In addltfClll

t ~ . t h e e

COycautl

aDd

agreelbatl made ta the Seclll'lty IDstnuDeat, Borrower

aDd Leader Iu1Jaer coveuDt

aDd 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 r e m i a ~ , 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

'Iiv abc proviIiou in Paragmpb 2

of

his 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

p r o \ ; ~ . d by

the Owncn' Auociadoo policy. Borrower

abaU

give Lender prompt

notice

of

auy lapse

ia requiral'

bwalI inmraDco cowragc md D my loa occurrins from a

hazard.

In the

eYeDt

of a

distributioa afhaard J D C e

proceeds

ia

Oeg

of rcstomdoa or

tqJIir

ibIlowmgl lou to

the

Propcr1y

or

to

commoa

area IIJd

fAcilities t the

PUC. any

proceeds

~

to Borrower Ill ' hereby

uaiped

IDd lball

be

paid

to

Leeder

or

applicatioo 10 tho mms aeeured by this Secmity Iastrumcnt. ViIth

any

CXCCSI

pUd to the

endty

legally eadtled

t h e r e ~ .

B.

Bcmower

promises

to

p8), all

dues IDd assessments

imposed

putIUIUlt 10 the legal

inltnJmenti

ereatiDglnd

goveming the

POO.


29/44

·.-.:-_.

-_

,

...

-

...

.

l :

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

MortP£C, hc.( Lcndcr ).

Tbc PrtlptrtY Ie1oc*d iIl1ho countyofMmoa.

ttItItorJ'L.cIlscdbcd· fo1Jowl:

Drs:riptiDD

ofPcoperty

Legal

DeacripltOl1Il1aCbed

herotD.

Bxblbtt N and by

t is rdRDco IDIIde

• part

LOT(S) 1, BLOCK G, OAK RUl f

WOODSIDB

TRAcT, ACCORDING TO THE

PLAT

'IlIKREOFAS RECORD£D IN PLAT

BOOK

2

AT

PAGE(S) 106'l1DlOUGB

lU,

,

I N < L ~ ~ C?F

~ S

OF MARION COtJNTY, ll'LORlDA.

---...

-- ...

\lliillillfiillll

l l

U4S842BG3-18MF13

.

KQRTGA'E

us Reeordl QtI


30/44

i'

_0.

. - .

.

.. . ----

_ -. . .

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

DAYlJR. e" • r ~ f t . .=--------

~ r d l n g e q U e ~ d by

&

ctJ:RI(Q=COURT

lMRtoNea.tIJy

When Recorded Retum To:

DATE: 06/2512008 12:55:34 PM

US RecordIngs. Ino.

.

FILE I 2008065290

OR BK

05057

PGS 1883-1893

2925 Country

Drive

818

81. P ~ ~ l t MN 55117

~ ~ t 1 ~ 3 O i

~ ~ e . . - ~

UbertY

RJMuo MortPlc.

Inc.

J09S1 Wldte Rock Road,

Suite 200

Rancho Cordova, CA 95670

J RECORDINQ FEES

1 ~

FHA

Cue Nuaber:

otl-4405741J952-255

39100

Secretary of Housing and ~ Development

i s

exempt from payinq

j n t a n g i b l e

taxps.

State ofFlorfda ADJUSTABLE RATE

~ ~ ~ C o N V D S I O N S E C O N D MORTGAGlI:

THIS MORTGAGB.

~ ~

m . ~ Cll"

·Soaood Soeurity • aMm

on

.rue

Os, zoos.

'lbe

IIIlJltpgor is

PeJleJape

M.

GJlJeIp\ :V::::l.

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

rtom 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 • IUbjoc& to adj1JltmCll1t and al1lIlfnftfI. extDicmr

l id

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

of

Cbia 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. fDOt

paid earlier.

i I

duo and

payable

on

~ b a 2 t

208D.

For this p w p o ~ BoDower

doeI

hereby

IIICJltPge,

pn t md orJ1JVtIy

to

Lender, cbc fbllowing

descrJOed

property

localOO

IQ

Madog County,

Florida:


31/44

•• : .

w ·

..•.... t

••••••

to

'•..••..••.•••.•, . "••.

_-

••.••., _._._ •• "•••. _ ..~ ; , ; ~ . , f

.

.

I. P . ) ~ 1 I I t orPrlDdpaJ and IJitert«. Boaowa- 8ba1l pay

whtm

due

tbe

priDcipaI o( aDd iDJInIIt em. the debt evidenced by

the Secoad Note. .

. ',",

2. Pa)'DICDt

orPropav 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

~ d q

fauda

_1IIOIIthIy duo to th8 or by

cbaIz1nIlUCb plJmCali

to

I &0 of credit 81 provided Dr

Loan

Leder

may naquim

BGr11iwer to pay Ipecificd propert1

cbaraes

directly 10

the

party owed

pa}'lDel1t

· t h o u P LeDdcr payI 0Chr.rproperIJdmp Iu

providcK

In dUI PerIpIph.

3.

Fire,

Flood

.. .d.

Other

lIiazanIu.unace.

BoIrower"aha1

tasure

all _

011

tho

PrvpeItr.

wh«ber

DOW

iD

axistencc or.

subecqucmdy; e r e ~

a i 9 ~

uy hIzatdI, oaualtics,

IUd

coadapucieI.

~ u d i

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, w hether now in exiateace· or lubIcquendy

eroctr:d,

IIpiDIt loa

by

f100dI to the cxteat

teqDirod

by LeDder. The

insurance

poUciCl IUd any

reoewaia·1 IaU be held by

Leader aud

sball iDcIudo loll

paytRio

clauses in fIwar 0( aDd in

a

tbmI

acGCptable

to.

Landor.

In rho evOOC ofloa. 'Borrower .ball Leader Jmmcdiare

ootioo by

mail Leadarmay mab prgOtof (011 i f

not

mado promptly

by

BOITOWtt.

Badl iDsumncc compmy

coocemed ;.

heR:by

audaorizacl

ad directed

to makD paymeat far ncm loaa to LoDdor.

instead

of o Baaowa" aocl Lcadc joir.tly. IulurIllCO

proceeds

IbaIl be&pplied to ratmtionwEepail' oftbe

damapd

Property,

i f bc JaIOradOD or rcpIir

II eoonornic«lly

&asib1c aDd La1dcI'. MGUrity

is

DOl f ho JeStomtioD or repair

II

not

ecoaomicaUy

Coulbl.

or

Len401'8

would

bcs

leueacd.

tho

IuuracePJOoeedIIhaD

be

applied

mat

to tho n=ducti0li ofarry

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 e b ~ mstrua1a1t orother traDIfer of title

to

tho PJoperty

that

axdDplahcl tho iDdClbtcdneu.

all right, tith, and futta&t

ofBolroN

to IaILDaCe

poUe OI

in cuce Ihall pi l i torhe'.J'lII'd-=r.

4. (lCQIPaDe1t

Praenadallt

a i I l f ~ D C O

ad

ProtecCioa

of

the

Property; JJmoower

t

• Loa

AppJlcadoui u.nboJd

..

Bomnvcr .baD occupy. alabllah, ad 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 BarrowenpdbC pl1

~ d e D c e ·

Cor

tho

teml of

tho

Soeuri1f IaatnJmeaL -Pfmcli-l retfdeDeett ahalI

bava

the samo

IS

D

tho

LoaD Apemeat ..

I

http:///reader/full/%E5%AE%AE%E5%95%AE.%E5%95%AE%E5%95%95.%E5%AC%AE%22%E5%95%AE_-%E5%95%AE%E5%95%80http:///reader/full/%E5%AE%AE%E5%95%AE.%E5%95%AE%E5%95%95.%E5%AC%AE%22%E5%95%AE_-%E5%95%AE%E5%95%80http:///reader/full/%E5%AE%AE%E5%95%AE.%E5%95%AE%E5%95%95.%E5%AC%AE%22%E5%95%AE_-%E5%95%AE%E5%95%80http:///reader/full/%E5%AE%AE%E5%95%AE.%E5%95%AE%E5%95%95.%E5%AC%AE%22%E5%95%AE_-%E5%95%AE%E5%95%80http:///reader/full/%E5%AE%AE%E5%95%AE.%E5%95%AE%E5%95%95.%E5%AC%AE%22%E5%95%AE_-%E5%95%AE%E5%95%80http:///reader/full/%E5%AE%AE%E5%95%AE.%E5%95%AE%E5%95%95.%E5%AC%AE%22%E5%95%AE_-%E5%95%AE%E5%95%80


32/44

· --

_......

-

p ~ m t o(tues, hQad uco

ad

Ok ltems

IIlIDdonod in

Patqmph

'

To protect

Lead

....

y

in tile PIoPertY

Lender

IbaIlIdoaceaad c:hqe to

Bomnrer

aU

ItIIOUDIIdaD 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

byLeader . . . . . tbiI ~ p I p I I

ere

obligatory

and Ibal1 became aD ~ o u l debt ofBODOWCI" U provided

for

fa 1he LoanApemeat

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.

lithePropert;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.

o l l d e m ~ t o J L The proceedI or

amy

award or daDb tor cIamapI,

direct

0 : D

ccmaccQoa

wJh '

coadomnatiOD or oCher

lIkiq

otmy pIl1of the P!openy, or

for

C)OIM:JIIDOO in pJaco orcandemDation, lhallbe ,.kI to

Leudor,

Tbc procoeds Iball

bet

applied tim to tho JeduotiDD

ofmy

iadDbttdJ_UDder

•

Saooad Ncaad Secoocl SocuritJ

lDItrIImoDt

held by

£be

Secretary to

the.

Property, aDd then

to

tho

rcductloo

of the Jncfcbtedoen

UDder the

Note

IUd tbiISecudtJ

1'DaSrwDcm.

Anyaxce:tt pocoeds ewer an IIDOUDtrequJreclm 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 byIbo

Sectcbuy.

9. Grounds fur Acceleradoa olDebt.

(I)

Due aDd

rayalJle. Lender IDI)' ICqUflT; fmmcdlatG D ibllofall IUmS aeoured

by

tbiIBcoarity 1nItrDmcDlif

(i) ABoDOWeI' cHc8

Del the Ptoperty

i. DDt

tho PriacfpIl RIIic1mce of

I t eat

0110

nn'ivinsBo.croweri or

(ii)

AU

of •

Bozroweta dUo

ill tho

Property (or his or

her beneficJal

IDtDNIt

in atrust 0WDiDa an or

pmt

or 1M

Praped¥) illOJd

or olhotwile ID.JIG odr« Bortower mafna

(a>

lido

to the Property in fee simplt,

(1))

•

leasehold

UDder

•lea8 forDot _

thaD 99

yem whicb

iI ftI1eW8bIo

or. aue bavm,

•

rem.lama

pedod

ofaot

less

thaD

S

ycm

bo1oDd 'tho date

of

he

lOOIh

birtbdsy

of the )'DUIIPt

Borrower,

t (c) • life 0$IIIIe

In cbo

Property (or •

beno1kial

fuIea:It

ia

a truIt

with

aueh

Ib

inIozad in the Proporty).

(iii) The

notice of action to foreclose clerk david r ellspermann for mccalla raymer

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