rms v gillespie, verified complaint to foreclose hecm
TRANSCRIPT
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8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
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5
th
IN
THE
CIRCUIT COURT OF
THE
JUDICIAL CIRCUIT IN
AND FOR
MARION COUNTY,
FLORIDA
CASE NO.
REVERSE MORTGAGE SOLUTIONS, INC.,
Plaintiff,
vs.
NEIL J GILLESPIE
AND
MARK GILLESPIE AS
CO-TRUSTEES
OF THE
GILLESPIE FAMILY
LIVING TRUST
AGREEMENT
DATED
FEBRUARY
10, 1997; OAK
RUN
HOMEOWNERS ASSOCIATION, INC.; UNITED
STATES OF AMERICA,
ON
BEHALF
OF THE
SECRETARY OF
HOUSING AND URBAN
DEVELOPMENT; ELIZABETH BAUERLE;
MARK
GILLESPIE;
NEIL J.
GILLESPIE;
DEVELOPMENT CONSTRUCTION
CORPORATION OF AMERICA; UNKNOWN
SPOUSE OF ELIZABETH BAUERLE;
UNKNOWN SPOUSE OF MARK GILLESPIE;
UNKNOWN
SPOUSE OF NEIL J. GILLESPIE;
UNKNOWN SETTLERSIBENEFICIARIES
OF
THE GILLESPIE FAMILY LIVING
TRUST
AGREEMENT DATED FEBRUARY
10,1997;
UNKNOWN TRUSTEES, SETTLERS
AND
BENEFICIARIES
OF UNKNOWN
SETTLERSIBENEFICIARIES OF
THE
GILLESPIE FAMILY LIVING
TRUST
AGREEMENT DATED FEBRUARY
10, 1997;
UNKNOWN
TENANT
IN POSSESSION 1 and
UNKNOWN TENANT IN POSSESSION 2
Defendants.
/
VERIFIED COMPLAINT TO
FORECLOSE
HOME EQUITY CONVERSION
MORTGAGE
Plaintiff,
REVERSE
MORTGAGE SOLUTIONS, INC., sues Defendants,
NEIL J
GILLESPIE AND MARK GILLESPIE AS CO-TRUSTEES OF THE GILLESPIE FAMILY
LIVING TRUST
AGREEMENT
DATED FEBRUARY
10,1997;
OAK
RUN
HOMEOWNERS
ASSOCIATION, INC.; UNITED STATES OF AMERICA, ON
BEHALF OF
THE
SECRETARY OF HOUSING AND
URBAN
DEVELOPMENT; ELIZABETH BAUERLE;
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MARK GILLESPIE; NEIL J. GILLESPIE; DEVELOPMENT CONSTRUCTION
CORPORATION OF AMERICA; UNKNOWN SPOUSE OF ELIZABETH BAUERLE;
UNKNOWN SPOUSE OF MARK. GILLESPIE; UNKNOWN SPOUSE OF NEIL J.
GILLESPIE; UNKNOWN SETTLERSIBENEFICIARIES OF
THE
GILLESPIE FAMILY
LIVING TRUST AGREEMENT DATED FEBRUARY 10, 1997; UNKNOWN TRUSTEES,
SETTLERS AND BENEFICIARIES OF UNKNOWN SETTLERSIBENEFICIARIES OF THE
GILLESPIE FAMILY LIVING TRUST AGREEMENT DATED FEBRUARY 10, 1997; and
UNKNOWN TENANT IN POSSESSION 1 and UNKNOWN TENANT IN POSSESSION 2
and alleges:
1. This is an in rem action to foreclose a REVERSE mortgage on real property in
Marion County, Florida, and pursuant to F.S. 26.012, this Court has jurisdiction of the subject
matter herein.
2. On June 5, 2008, PENELOPE M. GILLESPIE, INDIVIDUALLY AND AS CO
TRUSTEE AND NEIL J. GILLESPIE AND
MARK
GILLESPIE, CO-TRUSTEES executed and
delivered a Promissory Note to the Payee named thereon. On June 5, 2008, PENELOPE M.
GILLESPIE, INDIVIDUALLY AND AS CO-TRUSTEE AND NEIL J. GILLESPIE AND
MARK. GILLESPIE, CO-TRUSTEES executed and delivered a Mortgage securing payment of
said Note. The Mortgage was recorded on June 25, 2008, in Official Records Book 5057, at
page 1670, of the public records of Marion County, Florida, and mortgaged the property
identified in the Mortgage, then owned
by
and in possession of the Mortgagor, more fully
described as:
Lot(s) 1 Block G OAK RUN WOODSIDE TRACT, according to the Plat thereof
as recorded in Plat Book 2 at Page(s) 106 through 112, inclusive
of
the Public
Records
of
Marion County, Florida.
and commonly known as 8092 SW 115TH LOOP, OCALA, FL 34481. Copies
of
the Note and
Mortgage are attached as Exhibits A and B, respectively.
3. The described subject Mortgage was subsequently assigned to Plaintiff. Copies of
the relevant Assignments of Mortgage are attached as Composite Exhibit C.
4. Plaintiff is entitled to enforce the Note and Mortgage, pursuant to F.S. 673.3011,
as the owner and holder of an instrument.
5.
On or about September 16 2009 PENELOPE M. GILLESPIE died.
6. Pursuant to Paragraph 9(a)
of
the subject mortgage, lender may require immediate
payment in full if borrower dies and the property is not the principal residence of at least one
surviving borrower.
7.
The property is now owned by Defendants, NEIL J. GILLESPIE and MARK
GILLESPIE, individually and as co-trustees of THE GILLESPIE FAMILY LIVING TRUST
AGREEMENT DATED FEBRUARY 10,1997, and ELIZABETH BAUERLE.
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8
Plaintiff declares the full amount payable under the Note and Mortgage to
e
due,
together with interest from Septenlber 16, 2009, late charges, advancements, and all costs
of
collection including, but not limited to, title search expense for ascertaining necessary parties to
this action and reasonable attom ey's fees. The principal balance due on the Note and Mortgage,
as
of
the date
of
default is $107,506.53.
9
Plaintiffis obligated to pay Plaintiff's attorneys a reasonable fee for their services.
10. All conditions precedent to the acceleration
of
the Note and to the foreclosure
of
the Mortgage have been met, complied with, and fulfilled prior to bringing the present
foreclosure action.
11 Defendant, ELIZABETH BAUERLE, is joined y virtue of any right, title or
interest said Defendant may claim as an heir at law or as a beneficiary
of
PENELOPE
GILLESPIE, Deceased or any interest in the subject real property y
or
through said deceased
person.
12. Defendant, NEIL
J
GILLESPIE, is joined y virtue
of
any right, title or interest
said Defendant may claim as an heir at law or as a beneficiary of PENELOPE GILLESPIE,
Deceased or any interest in the subject real property by or through said deceased person.
13
Defendant, MARK GILLESPIE, is joined
y
virtue
of
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 y Plaintiff.
15 Defendant, UNKNOWN SPOUSE OF NEIL
J
GILLESPIE, is joined y virtue of
any right, title
or
interest said Defendant may claim y virtue of marriage to Defendant, NEIL J.
GILLESPIE, and/or by virtue
of
joining in and executing the subject Mortgage. Said interest is
subject, subordinate, and inferior to the lien of the Mortgage held
y
Plaintiff.
16 Defendant, UNKNOWN SPOUSE OF ELIZABETH BAUERLE, is joined y
virtue
of
any right, title or interest said Defendant may claim by virtue
of
marriage to Defendant,
ELIZABETH BAUERLE, and/or y virtue
of
joining in and executing the subject Mortgage.
Said interest is subject, subordinate, and inferior to the lien of the Mortgage held y Plaintiff.
17 Defendant, UNKNOWN SPOUSE OF MARK GILLESPIE, is joined by virtue
of
any right, title
or
interest said Defendant may claim y virtue of marriage to Defendant, MARK
GILLESPIE, and/or y virtue
of
joining in and executing the subject Mortgage. Said interest is
subject, subordinate, and inferior to the lien of the Mortgage held y Plaintiff.
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18. Defendants,
UNKNOWN
TEN NT IN POSSESSION 1 and UNKNOWN
TENANT N POSSESSION 2, are joined by virtue of any right, title or interest said Defendants
may claim as tenants in the property pursuant to a lease agreement, either written or oral. Said
interest is subject, subordinate, and inferior to
the
lien of the Mortgage held
by
Plaintiff.
19. Defendant, O K RUN HOMEOWNERS ASSOCIATION, INC., is joined by
virtue of any right, title
or
interest said Defendant
may
claim
under
F.S.
7.18.116
and/or
720.3085 or pursuant to the association's declaration or other covenants.
20. Defendant, DEVELOPMENT & CONSTRUCTION CORPORATION OF
AMERICA, is
joined by
virtue of any right, title or interest said Defendant may claim under the
lien dated June 23, 2011, and recorded
on
June 23, 2011, in Official Records Book 5534, at page
772, of at Instrument No. 06/23/2011 in the public records of Marion County, Florida, in the
original amount
of
$2,587.06. Said interest is subject, subordinate, and inferior to the lien of the
Mortgage held by Plaintiff
21. Defendant, UNITED STATES OF AMERICA, ON BEHALF OF THE
SECRETARY OF HOUSING AND URBAN DEVELOPMENT, is joined by virtue of any right,
title or interest said Defendant
may
claim pursuant to the Mortgage dated June 5, 2008, and
recorded on June 25, 2008, in Official Records
Book
5057, at page 1683,
of the
public records
of
Marion County, Florida, in the original amount of $198,000.00. Said mortgage lien interest is
junior, subject, subordinate, and inferior to the lien
of
the Mortgage held
by
Plaintiff:
22. In addition to all named Defendants, THE
UNKNOWN
TRUSTEES, SETTLERS
AND BENEFICIARIES or other parties claiming an interest in the subject property by, through,
under, or against UNKNOWN SETTLERS/BENEFICIARIES OF
THE
GILLESPIE FAMILY
LIVING TRUST
GREEMENT
DATED FEBRUARY 10, 1997, are joined as defendants
herein. The claims of any of said parties are subject, subordinate, and inferior to the interest of
Plaintiffs Mortgage.
23. The Mortgage of the Plaintiff is a lien superior in dignity to the right, title, claim
of
lien or interest of all the Defendants, known
or
unknown, in this case, or any of them.
WHEREFORE, Plaintiff requests this Honorable Court grant
judgment
in its favor as
follows:
a.
Take jurisdiction of the parties hereto and of the subject matter hereof;
b. Order that the lien of Plaintiff's Mortgage is a valid first lien on the Property described
and is superior to any lien
of
record;
c.
Order foreclosure of the Mortgage, and that all Defendants. named herein, their estates,
and all persons claiming under or against them since the filing of the Notice of Lis
Pendens, be foreclosed;
d. Detennine the amount due Plaintiffunder the Note and Mortgage sued upon herein;
e. Order that if said sum due Plaintiff is not paid
in
full wi thin the time set by this Court, the
Property be sold
by
Order
of
this Court to satisfy
Plaintiff
s claims;
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f.
Order delivery and possession of
the
real property
to the
Purchaser, who shall
be
responsible for condominium and/or homeowner association assessments and other
charges
in
accordancewithFloridaStatutes
718.116and720.3085,respectivelyand
upon proof of the denland or refusal of any Defendantto vacate and surrender such
possession,andtheclerkbe directedtoissueawritof possessionwithout furtherorder of
thisCourt;
g. Retainjurisdictionof
thiscauseand the partiesheretoto detennine Plaintiff'sentitlement
toadeficiencyjudgment and
the
amountthereof;unlessany Defendantpersonallyliable
shall have been discharged from liability under the subject Note pursuant to the
provisionsof
the
Bankruptcy
Code
11.U.S.C. 101,et.seq.;
and
h.
Grantsuchother andfurtherrelief asappearsjust andequitable
under the
circumstances.
DATEDthis
c ,.
,nc!
whether01
Dot
.CCJ1IfCI i n ~
II"
been iDelvdcd nthepriocipaJ
.Iance
of
UUI No
ftotwithmncLinlaaythina Lo
the
wncruy
In
rnanphs 2
or
,
of
WI Notlor &II)' AUonie to ttl
Nole.
BY
SIONrNO
BeLOW. BOmJwcraccrpllInd.pea to
the
lermlud oovauntl t i A e d ..
thls
Nole.
DI'ed:
~ 2 ~
Pmclepc M.
CIUapl.
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ADJUSTABLE RATE SECOND NOTE
(HOME EQUITY CONVERSION)
~ T E O F F L
June OS, 1008
FHA Cu. Ngmber: OJI-U05741J951..l55
fROPERTY ADDRESS
Loin
Nvmber: 39JOO
80'% SW 11SUI Loop
Ocala, FL 34481
1.
D FlNmONS
-IJorrowcr" mean.
e-=b
pcr1Qft lianinl at
Ibo
G I
oC
thb Note
~ . . . or -Lender" en. . . . 'he e ~ of
HOUIu\Slnd
Urban Development or bb or
her
luthorize4 repruea18thct.
1. BORROWER'S
PROMlSZTO
PAYi INTEREST
'10 tel1UlJ fo, amount5 to bt IdvlneM
by
Lcndct' up to . maxinnam priKjpalamouzal or OAe
auadred
Nlaety-El&h&
Thounnd s
oonoo
DoIkn
(Sl,
OOO.OO),
to
OJ for
tbe
badil
or
Borrower 1IDda-
tho
IIrmI
aC. Home Equity
CORYCRicn Loan ~ u t d.1 'd JUDe
05,
008
ru-
AIrecmaICj, 'Do,""""
pronU_
tg
pay
to
tbe
ardor or
Lender
a principal amount
equal
\0 lb' f\In\ or
aU LoIn
AclVllDCCl mIde and
abo Loa
Apoana\I with i n ~ All
lmoUOtJ ad'\lw:ed
by Lender, phil
ioteme. ,f'ngt paid 0Il1itr,
l i t duo
and
y.bJc Oft
OclOlfa- zt,1OIO. lnttntl
will
be ~ h l r a D d
Dn
Uf1PJld
principal
It Chc rate of Thne ."d ' ' '100 perceol (3.660 ) per year
wnrl 1M
1\IU
.mount o(
principal
hu
be=
paid. Tho
i n ~ l l 1 l l e
may
dlaQilm
accordanaB
wich
,
of
mis
Hoc.
At
010
Uld
or
UGh
monlh, acaued iJJtetat ahall
bo added
U) aad
made
pet of Ihe ~ i p l l
bltan" u
Lolli AdVlQGC IZ1d Iba1I lilu:wiso
tMreaOcr bear incercst.
3. PROMJSE TO PAY SECURED
Donvwd' promiK
'0
p.y q by lROJ"CII.8'
deed
of
INII or
.imllar ,.writ)' iN1:nuDalt
that i. dued ~
-rna
IS Ibis Note and
e a I ~
the
wStcurity
lutrwnaIt- or the -Seooad Security lftS&nm1gl
tt
na. Seowity lnsttumenl
proteeU che Leader Itom
loua
which
ml.bt result if Borrower dafauJ1l
nder IhiI
Nor.e. Borrower.1so e x O Q a ~ I
Fir$l
Security
t l l J t N m ~
&lid
First
Nolo whca the Sctond SlC&.Irit)' lnIln&mD'Gt and
tbi.I
NolO were "OW1I
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8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
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. ...:
(D)
[Jnlits
OG
Illcu. Rale Chanl"
....a1: The izscaul
1'1.
wiD
Myar tnONUO or ...... by . . . daIn 1WV pGt:Cl1tq. pom'"
(2.0K)aD U1 lnKle Cban&t
D'Ie.
Tbehi " '"
will
De.: bemore ~ Ii.,.pelCC8ra,.
pointl
("em>
JUpar
Ol:lowtr lbID
Ch.icidaLbuast
wC,1tItIId
Ia
ran.,apb
2 of1bi' No
..
-A..
MafJIly: n. iDtwn:ltraco will Mvet lacruae
aboYw
13."0%.
(E) Natlw or
o-au
LcDdcr
wjlJ
Ibc aoci
10Borrowwof8ll1 dlul.1n
&he lalc:A:lClaID. Tbo
DOIiGtIII\IIt ho
P"'"
II leNt 15da)'l
beron
Ute nrtW
nr. Clka
effect. IIIdbJUlL.. bth
(I)
the
cia
.. or
the
.... (if) dieQIII1p DIIo. (lU)11M old
me,
(ho) tt.
IItW
_ (y) the eun'tDt IIId IhedaM It wu pub&llbed, (vi)
UtI
Jll8Claocl of caIwIadJlllbo
Wnal uti,
cr (W) ID)'ok 1Df0000UOJI
-hJCh
_ y be, .1R4 byI.w from_ to
tia.c.
(P') EUtc.&h.D.. . orcu.,..
A newiftWWC
Rtz
caIGuJaIecl
in
ItC01'daDoewllh a n ~ 5(C)IDd
S(D)
of
Ihi.Nomwill beco
..
on
the
OJaall
D-.
IIDlcu
e-p
0
... 0GCIn IeIIIhIa
2$ da)"
after
Leader bu
ak'e
che
NqIIIred noricI. If
the
il1lclUc
,.ta caloulaloclla
Icc.ont.:e wiIh S(C)_ S(D)o(lhi. HOlD - - - c d , burLaeSa'faJlod
to
If
litnctyDOdce ot1h.
dccr.t. aDd 1ppIitcI.
hiPcr
rateIbn
Cbe nICe
wJllcIa
IbcNJdbIYtbleDIWICI fD time!)'DOdcI.
lJIap
t.e4d
...1htJ1realc:uJarc
lito
pricacipalbtJaac:e
C).1Id
undIr thiI
Na
10 .1
DOt
nO a 1n1
in. . . . .
6. BORROWIR'SRlGBTTOrUPAY
A BomNlJ'
rccMDa
mo..cbty ~ UDder the ~
Apczrae
b . CbI rtlbtIa paJ lbI debtwicJenccdby ddt
Nole,
in
who"
or
Iu
pan.
wlduJul
or
JXNl1.
rty
amounI
of
dok
prepIid
will firIt
bl.applild
&0
nella
lb.
prin.1
ballnGeordli. Notalid theato
NduC4l
die
pIAaQpa]
hLllDoeof&be ~ NoM.
AllpreparmeDtiGrtbepdddpal
b.1Anco
IhaIIbe'pplied
by
Lc.Ddcru
fv1Jowl:
lim Lo
lIlu
portlo.uollbop r i l l ~ i p a J
belmcc,...eDdQlqFll to peymeDti
formonca" promiumsi
10
IMl
portiono((k pz=tpaJ
bt1lDce
lCJJR'"DtUJiIARPCopaymull far
ICIYkiDc
feer.
IlUnit
to
chalportiOAof
ha
priDcipal b l l ~ Rpraendn,lCmUNtiDCenIl
eM
UIUlct
dl&
NOlI,
ad
lmmb.
Ia Ill,
r=aahaJhI portlaaof tbI
priDcipal
b&IaDce.
A
BoaoWll'DIY
wbtIbar
IRP')'DICI)l blOb'
QUled
to
dual
poIdaa
or
pdDOipal
.....
rIpftICIItiaa
ftSOGdd)'
,.)'11* 1- tU
UDe of
Clldlt.
ltBOhOWIr
doa
IJOt4e.riant1Cwblcbpottiodof die
priDoipalbllaDoe
II10 beprepltd,
thad
.ppl1lfty
pdaI
10..
c:li.ril1lJiM ofcadit
or
i DOWliu.9f CRdh.
1.
IMMEDIATEPA'YMurr IN
FULL
(A)
Dutb
or Sal,
Lendu ral' Ret-- imnledialD
")'IDCIIlt
lq t\aLl ofallDUzstanclLo,
principaJ
....
ucruecllllterelt
(I) A
Bonowcrdi.
IPd IbI Property
Is
QO(
Ihct
,riacip.1
raktaocc
or
I
ODe
MViYia&
Borrow;
OC
(li) Allor. BOIft.... dd, Jza
Ih8
PIopc:ny
Cor ~ orher_fIoial ba t Ina
Wit o n l q
allor
ut
Propc:rf) II
lOki
CIT
odIanYi. nufcmd ocher 8CInvwc .w (.) ddo
ID
&be
Prupcnf
iQ fM
fiq11e (b) lease.bold
mtdIr. ~
Jot, - ~
9P )'l1li
whic a
. . . . .
blt
or. lcue
blvIPl
remahsi. . . period
of DO' leu
Iban 0 yeaI
. . . . dill or 1M lOOdt
birthday or
the
YOUDIQt
Bonvwer
(or
bt=1i;W
IDtnlt
in I triac
with
IUGh1ft . . . . iIa die PIvpeny ,
or
(0) nr.
ClIm
IIIthe
PIopcrty.
(8) Odacr
Gnglldl
~ d c a
m.y lequire i.rmDediaII pqmcat
ia
ftdI
of
all ~ pdIIGipIJad eacnaod iDtaoIC,upOR IpproYa1bylID
.lIIhotUcclrtpz'UMtlUWofthc
SlCNIIfY if:
(I) 11M Propeltt
to b' tbo pnnolpaJ
a id
of
Borrow.
lor
oCbor
thin death .ad
'abe
PIoP"'Y
I.
noc dteprinoipal
oratJeut
OM 9&hr80n'0wa;
(iI)
For.
pmod or
10. tvtoelYe
(12) c o a e u d ~ . moOCh.,
I
IIonvwII'
&ill to ~ y
OCCRIpJ
1he
Propc1J
of
pbyIJoal CIT ftDIcal11m- lAd cbtPtoplrtTy
DOt
....
principii
_Ideace o/al
. . . .
OM
0Cber
BCPD'OWel;or
.
(C) rayareJU
or
C.JQaDd
EJp,u.
lr Lenderhal req\dnd fmmedi,,- pl.'YlDcut in ftalJ,
u
dcacribott.bow,
dI'
dobt .fbIced
INouPsale 01&be PJvpe;rty
may lnchade
c:oI1I
andc:xpoaIeI. mctudaa,
~ c IIId QUItomar)' tDurM)'I'
eta...
ocill1lDcf
wi<enlorc:amcanor
Noc..
Sucla
fees ad GOlf tball ba r
tlden:st
&om
at dJsbur1c;Dal at IIlIII
rUt
u the priD,1pIIof Ihia
N ~ 1 J J ~
~
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0 )
Trull.
eony.,.co vt. Bonvwor'.
in 10
da, PrvpezV O
eru.t
wbfell ile ,equhwneftl8 of 1M SccnCary, or
cotM)'lnce
of.
InIItI in n
the
Prapeny
to
I Bonowv.
IhaJI noc be
CODIfdnd
oa1m,yIaoe b paI l*CI
of
this
Pmpaph. A
IIUIC
WU
not
1M
oonsiden=d an occupant
Ol
be
IS
iaYt
prilJalpal
reIidcnce
ror
P U l P ~ U
of lhiI
'1I'Ipph.
8. WAIVERS
Borrower
WI '
rbt n hll ofpratallDeni md nodoo
or
dllhoD.. ~ e m r maanr the ri J\t
10
require tMuSor 10
demand p.ynMAI or AmO..a due. "NoUce of dishonor" meant
die
nPt 10 requiN Lander
II)
liYo uoclce 10 other
pa10D1 IMlll1lOUdta Iv. . .... DOC beea pahl.
9. GMNG OF
NO'nCU
Unress appllcablo IIw I dlfrrnn&
nlhod. MY
DO iGo lhal
nRIIlI
be aJvc to 'Borrower under Ihll No o
will
be
81ven by
ddli\'lrinllt
or by l l l l iUq It by ana ella iDaillO Bonowcr
11111_
pIVpCIty fCIdrog abow or aJ
I
dJtrenna
addrm if
Bcrrower
ha Klvcn Uw Sacnna:y
I
DOdge ofBonvwa'l dUfenUi addrca.
Any nolkcl 'hll mmt b,.lven 0 the
Socncary undor hlt
NotG
wiU
be alwn
by
om
oj
11
co
Iha SUD Pi.1eI
Office
wiLh
jurisdlcUDIl d1e Pnapeny ot 1n1 other
IddraI cSulpced
by
the
S I ~
10.
o
DlJCA
nONS
OP
PERSONS
UNDER THIS
NOTE
I( more
ChIn one
pmon l p l\Js Note., eaah pelIOn II
ftaJly o ~ t p l l l d 10 keep
aU
of cho
pronsi_
m.de In
tNt Norc.
Lond.r
rna)' anrorce ,..
fChCl
under thb
Noco
uly Ihroup
Ill.
otdae Ptapcny.
II.
R1UnONSRIPTOBDtSTNOTB
(A) Sttond Note
DeC&lllO Bonowor will bel raqulrod 10 .,1111OUn11 wAllch dI' 11&1)' mab
r6 Of em
behl of Bonowu
pwlulllllo Sec;rjQa 235(r)(lXA) of die
N,doIwJ
HoUlin. Ace NJd the
LoIn
ApaDoar.1be Secrorlry
....
Borrower
\0 P'W
thla Note
to
the
Sacrolll)'.
(8) Rel.Uoublp of Sccretl'1
r.p'eat. to
nr Not.
P . y m ~ t I
m
by
the
s.cr.cary
IhalA
bo included In tit. dobf due uncIDr tWa Note
UDleM;
(i) The Notl Ullpcd
CO
Iho Soc:nwy; o'r
(ii) lb' ~ , cpl l n1Jmbuncmonu by
the
Lender
(Of all plyYMnb,ndo by the
~
l(tho clrQllNtl, ,* daeribcd
ta
(0 or (U)
occur,
lhtsa 11
pl1IIJCI1t1
mad-
y
lb.
StQCtary, inotudina
. . . . . , on 'ho
) 1 M 4 t ~
hlil
be
inohlded
In
tbt
dtbl
undw
the
Iltm
NOIe.
(C) Netllce .II"tqout.1UI. AdJuUlfttati
Borrower l1l*I hat U 100111 me
holder
or lbt Pim
Note CDnrtDOCl
to make
Loan
IUiVInCCll,
1111 nodeo of
fnLIfU1
rile
adjultrurt siya 10 Bonvwer UDder Pan.pph
S(B)'
0( the Plm NOCIr lhall
.110
be oorllJdClled be aotfce 10
Bonower
WldCf
r.rapaph
'
-
8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
13/40
(D) Tru,ts.
Conwylncc or BOlfOW' in lilt
P r o ~ r t y
to l lwt wbJdw rnccU &he reqwremeall or
Ihc
Seadll)', or
COf\veyance
of.
tJ'UtI'I inlerutl in
thtt Propctt)'
to.
Bonower,
1b J1 1'01 ba t O l l l i d e ~
c:onveylACO for
pwpolcS or
this
P1n8Jlph. A
IrUSt
.halt
not be t O R J i d ~ d
In occupuc or be ~ a l i c l e r e d
bevil2l
principii re.sldence ror
P \ l J 1 I ~
or
Ihi. P"'lrJph.
I. WAIVERS
BorrowCl' wa;
va
1M riahU' or r o I a n l m ~ t
and
notice of dishonor. l l P m ~ r a c n c
meant
he ripa to require Lender (0
de.fT1a.nd p'ymenl
of
lmOun" due.
IINociec
or dishonor" rneaM he nlhl
10 Rq".-e Lender
to
Ii .
nolicc
10
other
pmons lhallmcwntl duo hJvc n o I l t e ~ plid.
t. GIVING
OF NOTICES
Unlw appliub\a gw A:qUircs I ditrcrcnl method, any notic=c lhal m\ It bG SivQI 10 Bonvwer under Ihis Noeo
will
be
liven b) delivcrinl
it or by
mailin. Uby
ftnl
clIO mail 10
Donuwcr
IC
tho
proporty IddRa
. b o ~
OJ It
I differenl
,ddrels
if
BonoMr
has
&ivan dli
S=clary
notice orBorrow.
difrltlftl addm..
Any n o d ~ e
Iblt
musl bo I;ven ro Iho Secrottry
under Ihis
Note
win
bl ,i.on by
firtt
etas mail to HUD Pield Office
with
j u r i s d i ~ t i o n over 1M Prvpcl1y
or
In)'
o l h ~ r
address
design.lod by
the Socro..-y.
10.
ODUCATrONS OF
PERSONS UNDER
THIS NOn
If more
than
person
sip. U,ia NOCt,
eaeb
pcrlon
i
nail)' ablil,ted to kRp III
promiSOJ made in
lhj. Note.
~ . f t 6 e r
mly
enfofco ill rlahtl under
rt\1s
Note only
thrDuSh
I I I ~
orthe
Property.
1
J. RELATIONSHIP
TO
FIRST NOTE
(A) SceNeS
Nore
'6cClUJC Borrower will b. required
to
replY
.tnCMll which
lbc ~ y may make 10 or
on
behalf
or
o n o w ~
jn1J1U1nl to
~ i o n ~ S ( j X l ) ( A ) or
the N.rion.' HO\IIinl .nd the Loan Agreementhe
Semc.y
"U
~ i r c d
Borrower'o arent.hi, Not. Co
lhe Secl'ellry.
(8) ReJatlon'hlp 01 Seeretlry P.,menr .
10
Flnl
Note
.
r. ymCllI. mlde by
S c ~ N r y shall be
Inc ludcd
the due under Chi,
Note
unlcu:
(i)
The F r11 Hole
il
,iped tD Ihe Scc:nt&T)'; OJ
Oi}
Thll
Secrelll)' ICccpl!
rclmbunC:lMOlJ
by IhE
Londlr
ror .11 plymmu raade
by
S ~ f e C I f ) .
It In:
circ:umllaDOa deccn"bccf in
(i) Of (ii) OCCUI. !hen
.U paymcoll
mid.
by
the
SecRlary,
inclvdina
jnlerNl
on the:
paytnenu,lhIl1
be
; 1 I ~ l u d e d
14 Ole
debt
under the
Pint Nole.
(C) No'lc, or InCfrul Allo
A.,..llIMat,
BoCfOWOl' IlrwI
h I
u Ionl tho holder
or
First NOle
continues 10 make
Loan
Adv&nCC'.
any nollce
of
Inlerctl
t l r ~ IdJuslmCnl liven to Bonowtr Pmpapb '00 of tho Fi
NoCD lball also b. J d e r e d 10
be
'POllee 10
Borrower under Parapsph
'(El or chill
Note. 10 Ihal the _ irUm1l rue shin .ppty for the
Fial
Not,
.nd
\his
Nola.
-'f
BV SlGNfNO
BELOW,
Borrower Iccepts -ad IzreeI
10
th8le:trm ud COVC1Wlll cantlined h,thb NOlo.
OIlc4: ~
:2.Q:)8
r.nc!ope
M.
GUJapl.
Pcadopc M. Clne.plc. Trvllrc
-
8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
14/40
::-..
10
. . . . ~
A
Lt'56"i
0 ~ - v ~ t
. ------
-
-.....-- - - ~ -
---_.:._-
-----
- - ~
DAVI>
R.
ELLSPERMANN, ClERK : ~ I M o C O L N T Y
ReceIVing Requested
by &
DATE:
0612512008 12:55:34 PM
When
Reoorded
Retum To:
FILE 2008065289
OR
BK 05057 PGS 1670-1882
US Recordings.
Inc.
2925 Country Drive Ste 201
RECORDING
FEE8112.G1
St. Peul.
MN 55117 2...J"I'!.l.
MORT
DOC
TAX
693.00
~ ~ r t i .
INTANG TAX
396.00
uberty
Rcvse
MortP !DC.
10951
White Root
Road. Saito 200
RJutcho
Cordova, 95670
FIlA Cuo
NumbeI':
091-4405741"5%-255
39100
State olJi'lorida ADJUSTABLE
RATE
J
HQMB
EQUITY
COlfVBR8ION MOR.TGAGE
_AM '''''1J.t.t
.
1HIS MORTGAGB
("Security
is
givaa
on
J
os
2088. 'l'be JdOttpgor ill
Pea
.... .M. Nell. .
GIllespie and Mark
GlDllpIe,.
Co-TruateelorneGllelpit. . . .Uy Lhinl Trait A:ne-.t
elated
WebnaarJ 10, U91.
whoae address
is
80'2 SW
115th Loop. Ocall, IlL
34481
B ~ .
ThiI SoaJrlty IJudramcat is
aivca to LIbert)' Ref
. . . .
Mortpge, 1Ilc:.,
which
is
0IpI1ized
aDd existiDa
1IDder
tho laM of1bI1tD of
CalIfonll, aDd
"bo8e address
ill0J5l
WbICe
Rock Road, Saite
200,
RaJaclao
C o n l ~ Y I I
CA ' ("Laldcr").
Bonower hu agNed
to
tepay to
[ADder amouatl
which
Leader
is obJigatai
to IClvauce, mcludmg tbture advInceI.
WIder
tho
termI
of Home Bqui1J CoDwnion
LoIIl Agreemenl
dated
the IIIl1C date
as
Ibis Secmity IDstrument C'LoaD
11loapemmt
10 repaJ is evidaDccd by Bonvwen
dated
tho same date II hfI
Seourity
lDItnImeot (-Note'?- TbiI Security
IDatnJmeat
IeCureI to
Leader:
tho
ftIImymcat of
the debI
evidoIlced by tho
Noe,
with interut at a rate subject 10 adjustmaI, and II
ftDOWIlI.
aIIaIioaI 8Dd modIfieatioas of
the
Note,
up
to
amaximum principal amount ODe Bwadnd
NlaetJ-I'.IPt
no.aad aud OQfIOO Dollars (SUI,OOO.OO);
(b)
the pa)'DleDI
of
all other sums,
with
iDIrRst, advInccd 1IDder
Plrapph 5 to
protIot tho IICtUity
ofthis Security
II1sIrumeDt or odIarwiIe due
uoder tho
tczms oftbisSecuri1y
IDICI'UInCat;
ud
(c) tho petformace ofBOJrCIWCI'. covenants
and
aareemeats
UDder tbis Security
IaatnJmcllt aud the
Note. 1'h8
ftJ1l
debt,
includinl
aDamouatI
dacribed ill
(a),
(b),
IIIJd
(e) above,
lfaot
paid
eBJtier
,
is
due
IUd
payable
00
October 29, ZOIO.
For this
pulp08O, Borrower doeI
baby marrpp.
pu t
IDd
coDVey to
Leada-,
the followiog
described ptopa1y
located ill Madoa
CoUDf.Florida:
The real property located
at
the
8092
SW 1l5da ~ i .
0uJa. rL
34481, in tho
County
of MarIeJa. Itate
of
n.
described more
tully
on P.xhibit.
A attached to dall
Mortgago.
TOGBTHER WITH
all the improvementS DOW
or heRatbrr
meted
011
dle
propRt)'.
aDd
all alICIDeDU ri.... appurteDaDc:ea, and
ftxbIreI DOW or hendm'a partof
the
FOpctty.
AD
rcp1lcemaols . . . . additioDJ abaJl
alao
be
covorad by
ddt Socur1ty 1Da1nmeat.
All of the fcR&oinI iI Nferred
to
in Security JDsIl'orlumt
as the
"PRJpeny
BORROWER. COVBNANTS that
Bomrwer illawfuUy .eiaod
ofthc estate
hereby
oooveyed and bas tI riPt to mortgapa
Jt1Ilt
and
conYfIY the Property IDd that tho' Pxcperty is uaeDCU111bcre4 Borrowar W8D1I1It8 IDd wiD defeDd pucnJ.ly
tho
lido
10
the
Property apinst all c1atma a D d ~ , nbject to &1l)'
GIlCWJlbraDoaI
of reoozd.
1HIS
SBCU1UTY
INSTRUMBNT
combines uniform
COwmDtl
for
nadoIIIl
U8I
and norHlDifbtm coVODlllll
wiCh
liDDled
varialioDl
by
jurisdictiOD to constitute. uaifana
lecurity
iuCnlmaat oovario& real property.
UNIFORM COVENANTS. Bomnvcr aDd
Lender
00\'0IUI.Qt and p o U foUowl:
L r mpst
'7 7rJ J
{ ~
Book5057/Page1670
CFN#2008065289
Page 1 of 13
-
8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
15/40
2.
P8JDInt of
Propel't)'
ClaaIJCI.
Bqnowor
shall pay
all
plOpldy
dJarpI
CODIiItfaI of
1BxeI,
arouad
nol l ,
ftood
aad hazard
lllSUllnCO s ~ Ad apecla1l1S1e1tmeJlt1 ill & timely DIIIDIleI', ad
IIIaII
pruYide evideDco ofpaymeDt tD LondDr
t
uuJess Lender pays
proparty cIIarps
by
wlthboklina
fbadllvm DDJlhly paymeJIfI
due
CO the
Bouuwer or
by
cI1argina
lOCh
J)IYDlC2llti
to
alma
of
CRCIit provided for in die Loa
3. Jllre,
Flood
ad Otber IIaard 1nIuruee. Bonowct IbaII iuure aU improveraeaCl
OD
tho P operty9
wIaotber
DOW
III
exisklJce or sublequeotly
erected.
apinst say hazards. casualtieI, aDd contilprJcies.
iDclJldiDa
firo. 11aiI
insurance
Ihall be
malaCaiDed iD tbe IDlOUDII, to
the I DdonI IDd
fbt
the periods
requlntd by lADder
or
the
Secnary of
HousiDa and Uzban
DeveIopmeDt ("SecretIr)"'). Bonowar shall also iGIuro aU on
the
Propedy. whelher DOW
in
eDteace or
lUbsequeDtly erected. apiDBt loa
by
floodl to
tbe
aImt requImcl by
tbI
Stadmy.
AU
iDIunaoo
lbaD
be carried widl
compIDfCI approved
by LaDder.
tho
insaAnce poltciellDd flO reoewaIIlball be heldby Lendor and
IhaIl
hlclude loBI payable
CJaDleS
fa
favor ot and ill fonD ac;ceptahlo to.
Lader.
In 1ho CMm1
of
loa,
BoJrower
shaD liveLender Immediate notice
by
maiL Lender IDI)'
mate
proofofloa
i t
DOC made promptly
by Boaower. Bach faIuranco COIDJ*1Y COJlCemed is hereby
aud10dzed
aDd didcted to maD paymeat for
lOCh
1011 to Leudot,
lostead
otto Borrowar au4 Leaderjointly. ImruraDoo
plOCCDdIlhaIl be applied
to ratarltioa orNpIir
of dae damaaed Property.
if
the restoration
or n:pair i. ecooomically MIlblc cd Leoden
IOCUrit1
iI
DOt
1eaeIled.. If ho mtoratiOIl or JqJIir is DOl
ocoDomica1ly feasible
or Ltmder'8
_mity
woukl
be _ , I b o iIIIuraucoprocooclIlhaIl be appJJecl firIt to the reducdaD of auy
iDdebtedaea
un=- 8
SecoDd Note and
Second
Security
1DIbmneat
held
by
the
SICIeIIIy GIl
Ibe Proper1 IIUI
then
10
the
reduction of be
iDdebtednca UDder'
tho Note
IJId
thta' 8ecartry liastrumeDL Any
6UII I
iDIanmce
pzooeeda
0VDt an amount
required
to pay
all
outlbmdina
indebtedness under
the Nom and Ibi. Security
lDIb"umeDt sbafl
be paid to the eudcy legally
eatitlcd tbcreto.
In
tho
eveatofforcclosum oftbia Security lDstrumeot
or
other trablftz of titlo
10
Ihe
Property that axtiqui&bcs tho iDdebtedDcu,
all right.
tide
aDd
iDtenit
oCBorrower in aDd
to
iDsuraDce po1IcJes ill force IbatlPili
to
dae
purohuer.
4.
Occupaaq,
PrelerYadoa, Mablteaaace
aDd
Protectioa or
the PnpatJ;
Blrro .
LoaD Applieatloa; Leaseholds.
Borrower 11
ocoupy,
estabUsb, IDd UBI tho
Property
Boaw
r ~
R:Ildeace after the axecudcm or tbiI Seemity
Instrumeat adBonvwer(or at
JeutoDe
Darro fiDltially moro tJJan one
pcaaa
l ie 8omJwII1) IDd sbalI
continuo
to occupy
the
Property
u Sorruwor'I pdDcipal rostdenco
for
tho term otthe Security
IDsInImeat.
"PrinoipalhJlicleDoe
'l
IbalI
havo
th, nme
DleaalDg u ill dJo LoaD AaR-n0Dt.
Borrower ahaU not commit wutc
or
daJna o
or IUbstIntWIy chmIe
tho Property
or allow tho Property
10
deteriorate.
reasonable wear mel
tar
excepmd.
Boirower
IhaIl alia
be ia dafa1t i t
Bormwer.
duriDa
the
loaD ~ c a t i o n procea.
save
materiaUy
talse or
inaccmrate
hdbrmation or ItBtcmeI11I to
(or.failed
to provido Leuder wirh IDy
material inf'oanItion)
in
connection with
the Loan
CJYideacad. by
tho Note,
iDctadiD& i o U m i ~ to. repreIODbIdODl
concemin
occupancy
of the
Property u
prlDoipal
roIideaoe.
Ittbil
SeourJt,
'Js oIllleue&old. Bonower IhaJl comply wJth tho proviliodl
of tho le8se. IfBozrower
acquila
reo titJc
10 tho Property, the
buchold
IUd
me lido lbaIlaolbemerpdam- Leaderagms
to
morpr in
wrltiJla.
5.
CharI.
to
Borrower aad Protection of
Leader'.
IUgfaCi III
d e Pni-tJ.
BomJwec
shaD pq .n IOverDllleldal or
municipal cbarges.
f in.
and
imporddoaa
dtat
are DOt
fIduded
ill
PI
2. Borrower IhaIl pay tbeIe obHptfoaI
011
time
directly
to
the eatil;y wl1Jcb is owed 1bc pa)'IDGDL Iflalhn to PIo)' woulclldverJolT
a&ot
Leaden io the
PJoperty,
apoa
Leader's nquost Borrower 8haI1 promplly
tbmfsh
10 LeDder recoipII erideaciDa theIe pqmeaIL Bonower aba1l PfOIDPIJy
dfscbarp any Uca which has pdority
crrcr
this
Secarity InstnImeot
in tbe maaacr pIO'Iidecl hi 12(0).
If Borrower failI to
make
tbese
payma1I8 or
tile
p Operr, abaJpI requited by paragnpb 2. or it. to pafonn
80)'
oIber
COWD8Iltl
lind apeemcnfB
cemlaloed
ill
thiI 8eourity
1DsCnsmont..
or
there iI
Jep1
p r ~
that may 8ipifioant y
affect
LcDdCl" rigbas ill Ihe Property (such
roceed11111D btDbupccy, for condmmadaD or to eafolw 1awI or repIadous). tbeD
Lender
may
do aud pay wbatea' fa neceaary O protect the VI1ue of1be Property II1d
LeDden
rights in Ibo PIoporty. including
payment otaxes, hazard
iusurIDce
and
odlor
items
lDendcmed III Parappb 2.
F L ~ A t o t t
Pap/)
?7J.)
~ M
Book5057/Page1671
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8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
16/40
To protect Leoder's security III
tile
Pro,erty,l
La* IbaIlI4vaDce ad
dJup
to
Bmrower alllII10UDfI
duo to
Cb SocmIry for
the
Mortgage IuurlllCO
PR:miam
('-.un
u
dotIDed
fa 1110 Loa Asreemeat
well . .
all
8IIDII due
10
1he
loaa aervf_ for
scrrioinl
acd?itfca ("Servicing Peo,
II
QsfiQed In die
tau Aarecmc Any
amoutdl
cII__
byLcDdar wuIor tbll
PIrapph
are
obliaa1OJY
locl
shaD
become
-
adJftloDal
debr
ofBonower
u
plOVidod
for
ill tbo
Loan
Apeeaat
ad
IbaD be
RCUNd
by
this
Seewity lJlstrument. .
6.
wpeclioL
Leader
or itI apat It'll)' eater on.
iaapect or make IpJnisab
of
ho Property in
reaonablc maaner and
I t
n:asoaable times
provided that
Leader
sbaI1 pyo
tbo
Boaower nodce prior to
any
iupectJon or
appra1lal tpeei(yJna pwpoee
for
the
lDspecdOD or
appzaiIaI
whieh 1JlUIt
be IWlaIed
to Leoder'I
iDlInIt in the Property.
If
the
Pmpsty
18
V8CIOt or
abaDdol1ed
or t 10ID ;
in detauki Loader
may cake aetioI1
to pJQlect
and preserve
_ V8C8ftt
or
abaDdoDed
Property
wid10ut
DOticc to tho Bonvwor
. 7.
CoJldemaatJolIe
Tho proceeds
cf DY
ftlIrd or claim
for
damages.
direct X _
fa coaaection with any
coodemDatiOll w:
other takiDa
or8Iiy
part.
of the P r o p e r t y ~ or :fOr 00DVe)'ID0e inp1aQe of cmdflDlMltian Iba1l be paid cO LeGdcr.
The proaoeds
sball
be eppIiocI fInJt to 60 Rducdoa of
any iDdobIecfDeu
lIDdcr
Secaad
Note
ad Secoad Security1nIInmJeat
hold
by 1ho Seerotary On tho
Property,
and eben to the reduction of
tho
iDdebtedDess undarthe Note and 1bis
ScGurlty
IiCl1Ullent.
Any axcea
proceeds over aD
amcnmt
teqUin:cl1O pay
III
outIIIDdiDslDde1BdDcsl1lDdar
the
Note 8Dd this
Security
1DstnImeat
shalt
be
paid to the eotlt11eplly eaddcd dtcnto.
8. Feet.
Lender
may colleec
fea
ui;'
dlqes
authorized
by
d1e
SocIetIry.
9.
GlOWldi
for Acce1eradoD of
Ddl.f,.
(a)
Due and Payable.
Lender may
immediate PlJDlODt
ia tbll
ofalllUDJllCCUted by tbia Security lDstrwDoat
if
(f) A
Borrower dice aDd
f ~ P J Y
i8llOl
the
priDcipal rcddeDco
of
at
least
8Ul"VlvinJ
Bormror; or
(Ii)
AU of a mii
m
ho
PIOpllty
(or hia
or her
beIlctiGial
iD _ In
truat
oWDiDI
all or
part of 11\0
Property)
i. IOId.
or
~ i 1rIUferrcd,
ID DO odIct
Bo.nower (a) titlo to the Property
iD
fee simple,
(b)
a
leasehold UDder aleue or
DOt
loa thin 99
yearB
wbIcb
11 ftIKIWBbJo
OIl bile haviaI a remaimDg pariod
of
Dot
_ thaa 50
yeaJI b e y O ~ j
tho date of bo JOOdl bb1hdq of ho yoUDgeIt BOnower, or (c) a life
esJato
in
the
J'n)pGrty
(or a beneficia! in a 1IUIt with such 8D
iD.k:IeIt
ill tho Property).
(b) Due.adP.,.h le,nCl t Secreta
t
1 ApprovaL Leader may n=quim immodiatc paymem in ftdI ofaJ'sums
seoured
by thiI
Secarii1lutrum=t.
upon
e p p r o ~ t by an
.mborizecl
Rp"CHDIatm olthe SeQntary, i f
(i)
no
Property
to
h
the
priDGjpal
raideDoe
of.
Bcmower
far
teUOa:J
o1hor
tbao death
ad
tho
Property
is
Dot dlo principal o a ~ ~ O l atlaut 0110 other
BortOWeCi
or
(d) For
a
period
of lonscr tba'2 twelve (12) monthI
Botmwa- illr
pbyIicaIJy
occupy
tho
Propen)r
boca
ofpbyIical
or J1IDcII1Ild
die is.not
the principal Ie8idoace or
at
least ODO other
Borrower;
(Hi)
AD
obligation thO B O : r ~ ~ 1 e r
1JJ)der
tb.ts Security
lDatnImeDt ia
not perfonncd.
.".
(c) Nodce
to Lender. BoDUWer'
notify
Leader
wbc:I18YcI' any
of
the cwcms in nbpliagrepha
and
(b) of driI
Pl11Ipph
9(aXii)
or (b)
0C0\Ir. . .
(d) Notice
to
Seentary and
shall notify abo Socmaty 8IlCl
Borrower. wbcmcwer die
loan
bocomes due
", :
IIJd
payable
UDder thiI Paragraph. 9(.lXil)'ad
(b)i
Leader abaIl
GOt JIave
dus
r ipt to
CODlllUlGOO forec1olure
until
B o r r o w ~
baa
had
thirty (30) da)'I aftaoDOdGe t,O:OiIber:
(i) Correct
the
DUltter
wblQti !'tftlted D tho Seeudty I. .txumcut oomiq
and
01'
(n)
Pay
the
baJanco
ia mJl;"ot i
. ) '.
(iii) Stu the Property for tile I ~ e r
of
tho balaace
or.
ofdlo
eppraiIed
value aDd apply tho net proceed8 oflhc
n.rMo ,.
. .
Pap 3
{?1l; 11
i
:,
l r
;'
,
Book5057/Page
1672
CFN#2008065289
Page 3 of 13
-
8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
17/40
---/
,
p-
{
. '\
toward
tho balance; or "
(Jv)
Pnwido tho Lalda'
with
deed lA
Jieu
otfinc1oaure.
(e)
Tra.ts.CoDve)uceof.Bo:uowen IntInat ill Ihe
Ptopertr to
Ilraltwb1ab.__
the n=quinlldltl
of tho 8ocnta.r)',
or
CODVO) mCD
of.
ImIt'I
D I e s a c I . m ~ ~
Property
to
Boaowec.
aha1I
DOt
be
OGaW)'llJCa
fbi'
pIIlp08a
otthil
Paragraph. A
tJUIt
shaD
notbe
i d t n d
In
occupant
or
be
comideled haviba priDcjplllelidemco for purp
of
this
Parapph9.
I)
Mortpp Not
luured.
Bomnwr that ahould thiI Security IDstnDDeDt IDd tho Note not
be
eligible for
ioIurance
under die
NatiOlJlll
HoasiDe Act ~ t h i D ci8bl
(8)
II1Cm1U from tbe
Anof;
I.eDder may,
at its 0J ti0D. require
immediate
P&ymeat ill fUR ofaIllUIDI secured bydds IDIUumeDt. A wriItallla1emeDtof lay authorized.,eDtoftboSccretasy
dated
subsequentto
elaht
(8)
IDODIba Dom tho
date
hcnot;
decliDina
to Iasute ddt IDstrumeat1DC11be
No
baD
be
deom8d
coacluslvo proof
of
IUCh illeUlibJli1y. NotwithlllDdiJ,1be "'0_ this opdoo
ma)'
Ot
be
__
led
by Leodar
whea the unanilabiJityofiumaacc
s solely
due
to 1&dot1
failure to
NIIdt.modpp
IDnraacc premium
to d10 SeoraIJy.
10.
No DefIdeDq
J1I4pDeDta. Boaower
sba11 have
DO
penou.lliabfUeJ
for payment of
the
debtIeCIRd by Ibis Socarity
lnstrumenL Leitdor may
enforco
tho
debt cmIJ
through sale offho
Plopedf. Leader
IbaII notbe permitted
to
obIIiD doficioacy
jucfgmout apiastBOITOWar
ifth.
Security Inscrument Ja forec1olocL If this
Security
lustrumellt
i i_peel
to
the
Secretary
upoa
deDllDd
by
tho 8ocretary, .ball
DOt
be
liable
Cor
ID)'
diifereDco
betweoD
rho
mortpp
indraDce
beJlofitl
paid
10
Lender
aDd the
0UIItUdiD.
iDdebCedDtlJ, iDcJudfag
aconJed
iDtrdIt, owed b BOlI OWIrat tho time
or
tbo anignmoDL
11.
RdDItateJDent.
Borrower has
rightto be
reiDltated
i tLeaderhu fmm.edlate
paymeDt
ia
falL
1btI
rigbt
appIiel
evea after forec1olure
proceediDpare institutDd. To reinllato this Secarity IDstrumeat,
BoJrOWCll Iha11 correct
the
caaditioa
which relultcdin the u i r o I n e n t for j ~ o d i a t c paymoat in
ftlIL
Foredonro00III1IIldnaODllJ1l1IIdcustomuy lltorneya'f
and
properly
IlIOOiatod
wItb
tixeoIoIuRI proccedJqshaD
be added
to the
priDcipal balance.
Upoa reiDstaten.a
by
Borrower.
thia Secmity and tho obBpdaas1hat
it
lOCUM
aba1l remain
m
tdfeot u II
J:.eDdmr hid
not
l*JUired
fmmedfaCe
payment in tblL H o ~ L e n d e r
II DOt
req dml
to
peanit
rci11ltlteD1ellt
1f(J)
Lead.- halaccepted relDstafemeat
after
the
COlIUnODcomcat
of foreo1Olunt pmceedinp within two (2) yeaalmrDediately precediDc the
COlllZllOllCelDeDt
ofaa.urea .
foreoloaure
pmceediDg.
(8)reb_leNlI1t wm p.nx:Wo
011
diffeEat pvuadsIn the f1dIire, or
it)
reiulatemeDt wW
advc:rdy affect the r i o r i ~ of tho
SccuDt,
DItnuDcDL
11.
PIrat
Llea
Sia_
(a) ModiOcatloa. Bouowcr
aJRM'8
to ex1end IbfI Security Iaatrumcnt III accontaace with
this
Parap1Iph 12(8).
I t LeGdar
determinn
that
tho
ori iDal
Ben
IIItUI
oftboSecudty
IastrumaIt
..
jeoplfdizod
1IIlder
11110
law
(hIcIudiDa
bat
DOt
limited
to
lituadom wheretho amowat
secured
by
IbJ Seomity IDItnImeot equals or aceoctI
thomaximum
prIDaipallDJOUDt staled or
Ihe
lDIXimum period
under wbIch loan
advaDces 1dIin
the I&IDO
lien
priority iuitlaDy anmted to10aa
advance. hal
expired)
aDd state law permits
Ibe ori,maJ
1icD
.bltIIS
to
be
maiDtaiDeid,fbr fUIuro
Joan
edvauces
tbraush
tho
excoution
IDd
~ t o
of
ODe
or
more
documeats, tbeu r.4er IhalI obcam tit1e
at
Bonowet. spease. I f the UGo ovidalco iDdicatellhat
the Property is
not
by ay U n
-
8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
18/40
I
.
dclclm_
that
any part ofCI1 Property illUbJect
co
Jiea wblab
may
IIIin
priorily
over tIaiI
Security
IDsIrumeat" Lender
may give Bonower u0tic8ldcDlifYiul the Ilea. Bonvwer IballIIdaf)t Ihe Ilea
or 1IIto
ODe or IDOI'C orabo
actionI
ftmh
above within leD (10) dayI oftbe givlDa ofllOdce.
13.
Relatlo
tp
to
lecead
SecarfCy
lD.tnuDaL .
Ca)
SecoDd
Seca.rlt1lD1tnnaent.
.
In
GRier
to
secure
paymeatl
wbidJ Ibe
Secrefary
DJIY
make
10
or
OIl
behalf
of
Borrower
pumll t
Ia
8ec)fJoa 25S(i)(I)(A) of
the
Natiaoal HouaUIg Act IDd the LollI uu[qs othenrisc pzoYidcd by
tho
Seczelaryt the Scm;tary
1111
Repaired Bono. . . ro aecute Secoad Note
aDd s.xmd
Security IDatnuueaton
the
Pmperty.
(b) ReladoaIhlp of FInt and Second Secudtr IDItrummfl. PaymemJ
made
by Ibe Sacntary IhaIJ DOt be included
fa
the
debr
mder the Note UIlIea:
(1)
This
Security lDsIrument
u
ed to tba Secnwy; or
("n)
The SocnDry Icceptl
nmbwsemaltb7 thoLader far all
payment madeby
tho Secrotaxy.
I f
the cIroulbltanCeS described
in
(I) or (Ii) occur.
that
all paymllJlI
by tho
Secn:ray.
incIudiDa
in CD the
JJ8YIDOI1SI
but
ox.clodinC late chargespaid.
by
the Secn1ary,1ha11
be
iDcIudecllu the debt UDder tbe NOID.
(e)
EtIect on Borrower. Where there is
DO aasf8ameDt
or
reimbuJaemcnt
ducribed in (bXJ) or (ii) IDd the
Socretary
makes
paymeou to
Bonvwu,
then Borrower
.ball
DOt:
(i) Be
requlred
to
pay amounts owed under the Note.
or
pay arry RI1tIIDd mveuues of the Property
l1IIder
Paraplpb
19
to Leader
or receiver of the Pmperty. UD1il
the.
Secnary
ha nquJred
paymeDt in ftdt
of all oucstIDdIn,
princJpallDd
aCCIUOCI iDtereIt
ODder
tho Second Note; or
(ii)
Bo
obligated
to pay
lateral
or
abued
appnKliItion
UDder tho
Nato
It
my
whether before
or after
die
pa,ymeom by lite SecretarY, SIld whedJer or DOt
acrmed
iDtereIt hu beCIl JDaIwJed ill the priDcipIl baJaDce under
dIoNoto.
(d) No
Duty .r the Seuet8zy. 11loSecr:ewy bae DO duty
to
LCDdei'
to eDfiJrco
ooveDllltl of tho Secood Socu.rily IDatnJmeat or
CO
take actions to tho value
ot
the Property, tMI l daougb Lemler lilly be uaable to co1leot
IIDOUDtI
owec1 UDder tho
Note becauao oCtatrietioas in this Panlpaph 13"
14.
Forbeara.c. b7 Loader Not a Waiver.
Any
forbeauuce by Leader iD ourciaina ally rjJbt or remedy sha1.l not be wai_
of
or preclude rho
aercise of
any riJbt or mnedy.
15.
Saceeaon aad
ADIpI BouDd; Jolat aad SeYenI
UablUty.
The co\lCD&D1ll1Jd
oCthJ,
Security IastnnnetJI
shan biod lad
baaefit
the lUoceaotI
and IlSigas r ~
Borrcnw:r
may
DOt INiID any. riabll or oblipdoD8 UDder tbfI
Security JaItrUmeDt or
UDder the
Note, except
to
trait
dJat
daB reqaiRmeDCa of . 5ecnIary. CCJWIJ8DCI-md
agreemeatl
shall
be Joint ancIaoveraL . ' . . .
Nodee..
Any
ROdeo
to
Bonower provided
for
fa
this
8ecudfy1Dlbumellt
man
be gfveD by
deliveriDa
it or
by
mailln&
it by
flrIt
clulmail
LIDless appUcabJe
law requfreI e ofuothar
method. Tbo
DOdGe abaU
bo
diNctecl
to the
Property Addrea
or
&II)'
orhar address all Bomrwea
jointly
desipa ew
ArJf
notice to Laukr
IbaJl
be
liveD
b)' tint
c1as
mill to Lcadan addRaIlIItId
heroin or any addNss
Lender
desipate8 by DOtice
10
Borrower.
AIJy notice
prcMded for
ill
tbiI Seoudty
lnItnm1ant IhaU be
cleam.ed 10
haw
beea
I l v .
10
o n o ~ o i
Lender whea
gIv_
pmided
III thiI Pampaph
16
.'.
17. Goyendni LaW; SnerablUty.
Thli Security
ItIIIrumeDt lbaJL
be
govemed
by
Fodc:m1 Jaw
ad
he
law of
ho
jur1adiction LD
which tbe Property II
1ooaIed.
In the mmt
tbat
lIlY proviIioa or claUle of tbia
security uib 01'
tho Note OODfIiCIl
with
applicable
law,
such
coDfUct
shaIlllDt
affect other
providous
of
thb
Sc=dr
Instrumcut
or
the
Note,whicb
CIID
be
givCll effocC
without
the conflictins provision.
To
this
end 1be pl'DYillOJlS
of
this Security
Iastrument
and
cbo Note are
decJared to be
severable.
18. Borrower's COPf.
BOIlOwer
shall be given ana CODfmmed copy of tho
Nolo
aDd thiI Security lDsIrumem.
F r JIortpp
hieS
f 7IJ;/VI
Book5057/Page1674
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Page 5 of 13
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8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
19/40
NON-UNIFORM COVENANtS. Baaowaraacl LezIder fta1IIar ceweaaar aad u
follOW&:
1 _ Asslpnuent of Rents. BOI'I01nr uoconditioDaUy-PI ad traaIfinm
AIlder
alIlbe
nJJf81Dd
of h ~
Borrower
audlorizel Leder or Lendez'a apD1l
to
collect die _1Dd nMmII.eIad banby ctirectI each tIDant
of
die Property to
pay the
rmts
to
Lender
orLeader'l8pIlu.
However,
prior
to
Lendef.
Notlco
to
Bozrcntw
ofBonower'l
breach
of
any
CO\Wla&
or IgrcemenI ill abe IDatnIsbaDt,
Bonower
shall colJect &lid recetve all reaCllDd ImIJUeI of
abe
Property IS
trustee for
the
benefit of Leadar ad Bonvww. T.hiI
assisarn-
t
of recta COIIIdtDlellD ahIoJutI -sameat and DOt
1m
aaJaam-tt fer
.dditioaal.eourity only.
IfLeadcr gives notice
ofbmaeb
CD
Borrower:
(a) ell nI1fI J'ICCiwd by
Banower
IbaJI
be
by
BOIIOW'er nltleO
for
bllDGfit
ofLeDder only,
to be appUod
to the sums
secured
by
this Security
JDsIrumeDi; (b) Lender IhaIl
be entitled
10 coDect aod receive
aU
oftbc
rents otthe and (e) elCh
taalat
ofthc.PJ:opedy
sbaI1pa)'
III rata
duo aDd
uopiid to
Leudaror
Lender
OD
Lcmdets
written daumd"to
tho
tommt.
" Borrower
bas
Dot GeCUtodany prior ~ olthe
nmtI
and hu DOt
ad
willllOt
perfoan
lIlY
act
that would prcrIGt Lender
~ f r o m ueccising its"ripts au.
PanJ}Tapb
19. .
LcIldet shaU not be n:quired to
eDter Uptll, take
coDCrol
of
or
msintain the
Property before or
aftao
plq DOtico of braoh
to
Bonowor.
However, Lender or a
judidtJIy
appointed i v e r
may
do 10 at aD)' limo there .i8
Auy
application ofnmts
rhalllLOt euR
or
waive any default or
i'validate
any
o1bcr
ricbt
or remedy ofLeodar. This
aasiaJnnent
ofrenll oCtbe
Propaty
lbaJl
Corminalo
when Cho debt
tecarod
by tbil Security lJIrIrumemt
i I
paid
in
fblL
20. ForedonreProcedure. I fLeader requlra immediate paymeat til ruu
ader
P
. . . . . . .
pb
LeDder
ma,
f.recIoH dd.
Security IlIItIUIeat by J_dldal procee4lag. Lender.an
be
eadtled to called .U
a p e a e I
JlII:1Irnd
18
panuIDg
Ole
remedies provided
to
tJd. ....
..-ph
20. IDcludlJll, but DOt lladted to. .....oaalJle attar ' r
and
_ f I 01 tille
evldeaee.
21. LIea PrIorIty. The fUll amOUllt
IeClU'ed
by tbiI Security IDIttUmeDt sIJallhawlho I8Dio priority over lIlY
other Uea8
011 the
PrOperty
81
if
the
tun
amount had
been
~ b u Q e c l 011 the date the iaidal
dilbunomeDt
wa
made,
reprdIess
ofthe
aetaal date of
l1J.y
disbummcat. Tho amount
IOCURId
by thiI Soaurity 1DstruaImt IhaD iaclude
aU
ditect
re)'lDellD by Leader
to Boaower and
aU
other loaD acWancos permitted by this.security rutnuneat
tor mypmposo.
11ais
lieD
priori&)' ,haUappJy
Dotwitbarandin;
any
State constitution.1aw or regulation.
that this
lieD
priorJly
Iba1I JlOC
affect Ibe priority
of
any
1ioaI
tor apald
State or
local
~ t a UR spcci.f as&C8IDlOlla
o(bxu.
21.
Adjustable Rate
I f . tun. Under
teo
Note,
tho
iDitialltaCed
laIereIt!IID ofnne
ad &iIIOD pc:rcra (3.6QJ%) wbidl
accrues on tho unpaid priaclpat baIaDco ("IDJtial IDtcroItRate-) illUbjoct
to cUDac. u
cfeIeribed below. Whoa the mto
chanps.
die new
adjusted iDtoteIt
I8te
wID be Ipplicd to the o ~ ~
pdaoipal balaDce.
Each adjuatmeatto Iba iDlerelt
rate will
be
baaed upon
tho
weekly ~ g e yIold 011 UnUod
S_ 'heamy SeQatdelIdjuItoeI to CODltlDt
maturity
or eme "JAf
~ ) p l u l
margin. The
Inde.x 1I V ~ i i h e d In the
PocIcal ac.ei:ve
BuU.
uclmade availablo
by
the United S1atel
Treuwy
Ocpartment id SCltiJtical RcIouo R l S ~ I 9 .
I f 1be
IDdfa
i I DO lonaa
IVIilabJe.
Loader
win
btl
mquind to
use
8DY iDdex
prescribed by tho Department
of
QuSiiJa aDd
Urban
DeveJoplDDlK. Tho DGW
.Iodf
will bYe
hfIIoricaI
movement
IUbsbmtiaDy
aim1Jar
to tl1e oriliDal iDdaX, IIId
tho
aaw index aacl mqiD will rtIIU1t in an aDJIUIl porceDtap rate
that
iI
subataDtiaJly.imilar to tbe
rate
in
eftict
the
time
Ibc
origiDal iDdu bceomu
uaavl.ilab1e.
Leader will pri1ma tbo calcuIatIoDs
dMcribed
below
to determine tileDew
adjDsted
intaratmte. The iDlcIest rate may
chaap
01\
September
I. 2001.
IJId on
the 8Dt
dsy
of
_ aDd OD
that day af each
IUCCIeCliaI
year, or
- -L
tba
m.t day ofeacb
succeediDg
month
(CbaDp
Date)
umn
tin
SOUl
is repaid
ID
fulL
Tho
'Value
orthe Index
will
be
d e t m m i D t d ~
usiu&
tbo
most
NCeIIt Inda
figure
availablo
thirty
(30)
cIa)'l beforo tho Cbmge
Dafo
(-Currem Indax'?
Beftxe each Qa a p Dale, abe DOW
.IDtenIt
rate wilt
be
caJouJIted by
IIddiDI
a
aaqfD
to
tbc
Cumot Index.
The
IUIIl
of
the
marsiD plus
the
Cuneul
l.udft
will be 0Il1DcI the
ttQdcuIated
lDiereIt Rate" .tor
. ch
QaDp Date.
1110
Calculated
InIDmt
Rate
win be CODJPI11 d to tho JntemIt ace
m
effect ImmediaIDly prior to tho current ChaDp
I)ate
(tho
il r
I;/ottpp
PIp 6
fJ,/lJ
:.'
.
Book5057/Page1675
CFN#2008065289 Page 6 of 13
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8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
20/40
_ = : _ ~ : . a , _ .. - . '
_ ....
. -t,.--:......:.:.._
..__ :::
. : .
_
. I
"Bdstinl
Interest
Rate).
AnnuaIIJ AAQultlftl Variable Rate Ileafan .. The Istaest rate wlJl never lnClalle
or
docIeue
by more
thaD
two porcentap
po1latl
(2.0-) Oft any.i.
Cbanp
Date.
1bc
inlel'elt nIe will Q8'Ver be
mora
daan
five pe=uIap
polftll
(5.05) higher or lowerthan the initial kuereaL
file
ItaIed
io I'ara)rIpb
2 of thll
Nota.
MGIlIhIJ AcQDsthaI vlli8ble
Rate
eatare 1lIe Calculated IIIImIt RaIe wm never
i ~
IboYe
1 3 . 6 6 0 ~ .
'Ibe
CaJculated Jutcu:sr:Rate will
be Idjuttal i t
to
comply
with
the 1'IlIeHmiCadon(s)
described
above
and wiU
bein
effect
uno1 tbcaut
01anp
De. At
any cbaPp
dare, if die
Calculared
1ntIeIeIt Rate equalsdie
Bxlstinl
InIen:It . . - . the
latcn:st
rate wDI DOt ehanp.
n
lleleue. Upoa
paymeal of all IODIIICCUI'Cd by IhiI
Secorie1InstruRJ.eQl.
Leodcr
sbaII teJeasc this
Secudt)'
In.tInunent
wllhoDt
dJarp to Borrowa. Bonower IbalIpay any
taCGIdItion
COD. :
24,
AUOI'DeJI'
Pees.
As used in
this Secmit;yJdMnlIllent
tDd
tha Ncce.
1ISOrneJI fees- 11IIU fDcIude any atIDNey&'
fees
awlldcd
byan
appdato
court. .
25. IUders to this
Securitr
1nstraDdDt. ]f
Ole
or
I'DCn rIdea 1ft
executedby
Borrowerand I'ecorded
topCher
wkb
Chis
Security lDstrumeat. tbecovenaats
IIId
01each IIlC&defer shaJJ
be
Iacorporacedinto mel
shall
ameadand 1Upp1emall
he
cove aancs and agreements
of dds Security IrJstnuuut
II die
ridel(s)
were
pill of
ibis
Securily 1nscNmenL
[Chedt .u
riden
thll
Ira applic::able].
==1
I I I I I . I . I P = ~ = R j d e r [_I 1 ~ = _ l d c r__I
n ~ in d1iI Security
and
In
W i t n e s J a . ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ C b 4 .
W ~
r : / t ; ; / } ~
3AI?C=::
J
Book5057/Page1676
CFN#2008065289 Page
7
of
13
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8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
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I
-adIIIna
JIlIeIIIt
ilia).
A. . u , ~ V
'DIe
. . . . . will
DIWI
kM:Nae ordecNal by . . .
twa . .
cz.ow,) 011., a-aeDllD, wID...,..__ 6Ia
&e . . . . . . . cua> IIfPIr
or- -
dlllaIIiIJ ~
ill
.......... 2 of
. .
NoIe.
u.tIII;r VadIhIt
r...... De
CltuJeted
III1IIIat.
wJII D Mr ~ . .
\
JJatIJL
1be
(;aJauIaIed r . . .
. . .wm. ~ to ccapJ)
wtdI
die
Ie
dearibed Ibow OCI wID be
fIftia aid tl l l l l lAta-p-. M. 111111 OM J-. die
.....
wIII_....
.
2S. ..... l J p a . . , . . . t i d ....... by "* BectaIIr....
!.tIJdfJr
IbtJJ
s.oa.tIt
JaIInIdaIat
wItbout
clwp ro
BoaowIr. BOI'IOWfI'IbaD,.,.,
ftICG11adOIl calL
ac. M b . t aod . . .
Nore ~ I D d I I d B . , feela'"
ia . . .
. . . .
.
caart
IS, rIdIn . JIGaower l1li
ftICOIdId IbiI
ll.....
1uIb. . . . . . It em or
e e u d ~ ...__
I Id_f l rfderlbl1lbe_pwllldkato_11IID
Ibo
ad
~ l f l SecurttJ JnanrmaI
If riJeI a)
pill
daIt
aee.Jty
JaioQII JL [a.et d
ddIndMt _1pf1IOU1e).
BY
SIQlGNOBILOW
......
11 ...........CIDUaIa......, ddlSKurItr. . . . . . .
ill
.,ttdII(a). . . . . ~ I r d walt.
wtIDeau:
BOok5057/Page1677
{.
CFN 200B065289
-
8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
22/40
STATE OF J1LORIDA
COVNn 01 11,(/,11
The
fbrecoing
tnsCnlment
WlI8
ao1cnow1acI.Ied befin
l
this
~
clay
o
i5 'uAf -'fIN . y
~
M Gmaplo d
PerIcIope
M.
G IIklIpIe,
-MIl. 811
.,
Tnutee, NeD
J
GIIIetpIe,
Tn1Ita\
who
is
pascmaIly
mowu
to
1IIej who has
pnxh ced
~ t j / M I ~ ; ~ ~
; c ). NOCBryPubfIC
Nama:
RICHARDT.
K W l A T K ~ K I
, i
._
1
., 0
FL 1"Alortpaf
Pail
Book5057/Page1678 CFN 2008065289
Page 9
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13
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23/40
S T A T E O F ~ J : 5
fje J
I7C}
O U T Y O ~ r r ~
The foregoing ins1rument was acknowledged before
me
this S day of f
t2,t/l2 by : M: GllSl1R .Iid Pwel.p 8BhsjJII ; I n ~ GUlesPi;
.:Drz.I.I ~ I p l e Ti w o is
pcnonaUy mown
10 me; who
h lS
produgcd
d rt
V
ec
t N.n
. 1I I1
FL
.II
Nt rlpp
PapS
Book5057/Page1679 CFN#2008065289
Page
1
of
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--
_. . -.-_.._--;.. .._.....,-, __ _ .
. . . . - .#.. . . . . . _._ ......-- _ .....__ .---- ...-._ ......_ - ... _ - .. _..
_
- - - - - - - - _ _ -
e. ' PLANNED UNITDEVELOPMENT RIDER
FHA
Cue
Number: 9 1 4 4 S 7 4 ~
2
" '
Loan NbDIber:
39100
THIS PLANNED UNIT DBVBLOPMENT RIDER
is
madO
011
1aDo 0', 2008, md
i8 b:orpOl8ted
fafD and
IbaU
be
deemed
10
amead IUd IIlpP1eIIIeDt
die
Mtpp, Deed of TJUIt or
SeeartIy Deed
(tfJa Sec:mty of
tho
amc - siYea by the
lIadeaiaDrd
rBonower")
to
IOCUrO BOilowar'l NOli to LJberV Raftne
Mortpge.
lac.,
Calfondl
CorporaClon,
~ tho
dUe
IUd
COftriaI1he Piq)ertJ deIarIbed iD
the
Secarky Jascrument
aDd
located at:
8092
SW
Il tk Loep.
Ocala,
PI. 34a1
The Property is a
put
of. p.1umcd unit devc10pmeDt(POO)
la10wa as:
OAJCRUN
PCD
COVENANTS.
ID
.cIcDdolllo thee ceVeIlIab ad 11 . Ide fa tile
Security
Iutnuaeat,BolTClwer
aDd
Leader faRber eoYeIWd aDcIaane . . ron...:
A. So Ionl
a
tho OWllCl"S'
Association (orequiva!cat CIDtity holdiAl tide to CODUDOII areaa
IDd
faoilid-. actiDc
u
truatee for the homeowaers.
mamlBiDl.
with a ,...ny accepted ~ r a t "hlatat
policy
iasarina
tbe property Ioeated In
the
PUD. iDcIudinl all
impmemerda
DOW ailtfaa
hrnatter
erected
aD the mortsaeed premiles. and
IlJCb
paIicy fa
to
Lander
tad
providel imunmce
caverap in
Ole
IltlOUDII,
fat
die
aacl
apInst
the
bmnIa
Leudor
IDd
the
Scamuy
zequIre,
includinl
file
lad
olber
hazards fIJcIudecl widda die
_
ncxtalded
covarqe. IDd
lou
by 6lod. to
dIG
extent required by the
Semtary. thea:
(1) Laader
wa1wI
the
prcwiaioa III Pmpapb
2oftllil
Seamity
IasIrumtmt
for the
p&yIDII1tof
Ibe premium mr huaId _waco oa die
PftJpertr,
act (ii)
Barrawer'. a ~
UDder ParapIph 3
or
this
S:UritJ liJstnDuc:at to
maiDtdD
hazard iDsunInce GIl Ihe II
doemed
lltilfied to tho
axtImt
tbat Ihe
rcqufrcd coven.
Ii
provided by
die
tnttd Alrocfadoa
policy.
Borrower sba1l live Leader JII'Qq)t aotfca
ofany
Iapte
In
requirad buaIrd
iaIuJace coWrIp IIId of I1lY
lois occmrina &om
JIa:aJd. 111 the
efODt of
a
distribudoa otbalrclllllUnDCe proceedI ill leu
ofrestoratiou
or
zepair fbDowfaa loa
to
the PJ:oparw
or- to
comJJ1OQ areII aDd
6dUties or
tbo
POD.
my pmcecds
P91b1c
Co Boaower
11'0
hereby MIipod
ad Ubo
paid 10
Lader
1br
application to
dle
lUIDI.ecured
by tbfI
8ecIdY\1zIIananmt,
wicb any aeesa paid 10
the
cati1y lepUy entitled
thereto.
B.
Barrowc:r promiICI to
pay
aU cha IDd
.MlR'ClIlti
impoIed
punuaat to the lepl
iDstrumentI
czeatiq IIIld
IOvemlDa tho POD.
c.
ff
Boaowar
dacs
DOt
pay
PUD
dDeI
and
. .-menta
whea
Ihen
Leader
may
pay
them.
Ally ImOtmIl
elIlburied by
Lea&r Udder
t1PI J'II8F8Ph C If1aD
become additfoad debt ofBorrower IOCUI'Cd
by bD
Security
IDatrumont.
UnJesa Boaower
IDd
Uadcr .gee 10
__
ea1II
ofplYlliaat.
IbaU bear Ial=-t
fi'om
tho date or
ar'the Note me IDd 1balJ be payable,
with
iacerest. 1IpCJD
Dotico
80m Lender to
Botrower
reqaestias JIIYDleDl .
,
..
BY
SIGNING BPLOW.
Bonvworaccepll and
BIJ *
to
the tcr1DI and provisfonI coDtafDed in this PUD Riclor.
ta t . Qllapje;
"Pi
J4lIpOD
. . . . .
1011
Book5057/Page1680
CFN#2008065289
Page 11 of 13
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25/40
.
.,".
.
P L A 1 ~
UNIT
DEVELOPmNT RIDER
FHA
Cue
Number: 0 9 1 - M O S 7 ~ 1 1 9 1 - Z 5 5 Loan Number: 39100
nus PLANNED UNIT DEVELOPMENT RIDER is made on lime OS 2008,
and
is
incorporated
into and shall be
deemed to amend and IIlpplCmcDt the Mor1pge)' Deed of TNSt or Security Deed
(Iho
Security 1Dstrumeat") of the
same
date-
given
by
the
UDdenigntd
( BomJwer )
to
secure
Borrowen
Note:
to
Uberty
Rner.
Morf&ale, Inc.,
C.llfomJa
Corporatlollt ("Leader')
of the Imnc and
covcrins
the Property cbcnDed in
the
Security
lnatrumeut
and
localed at
8092
SW 115th
Loop,
Ocala, IlL
34481
The
Property is a part of
a
phmned unit
developmeat (PUD)
kDowu
as:
OAKR.UN
PUD COVENANTS.
ID addUfOIi tq.tbee COVID'"
ad
agreeDlellramade ta
the Seearlty
laJtnmleat, Borrower
aDd Leader tu1 COY'DDt
aDd
sp-ee (Glows:
A. So lonl as the Ownrd s ~ . : i a t i o D (or equiva1ent catity holdiDg title to
COIllD1011
areas and facilities. acting as
trUStee for tho bomeowuers. mai11taina,
with
a poeraUy
accepted
Insurance carrier. a IImastcr" or ttblanket
policy
inIurins
the
propertJ
located
in
the
PUD.
ioctudinl
aD
improvamentl now
exi8tinc
or
bcreafter
erected
on the mortppd preallse:":, mel sucb policy is
satisfactory
10 Lender mcl
providel iuIunnce
coverqe
in abe
amounts" for
the
periods. ~ aaainst the
hlDRls Leader aDd 1bo
Secretary require. iDciudiD 8ra
and oIbcr
blZU'ds
included withiu
n.e teml
"cmaded
covemge." and loa by
flood, to the extant
required
~
the
Secretary,
tbe.a: (i) LeDder
"'lives
the provision in Paragraph
2
of
this
Security
Iustrumaat
for
the
payment
of
the premium for hazard
in.!qnmce
au
the
Property, IDd (ii) Borrowcr's obliptioa under Paragraph 3 otthfl
Security
Imtrumcmt
to majntain
hazard
iuIunIDce
011 tho Property is deemed
satisfied to tho
exteDt
Iblt
the
required
coveraae
Is
p 1 O \ i ~ d
by the Owners'
AsaociatioD
policy. Borrower ahaU aM Leader prompt DO&e
of
any lapse ia required'
bawd
inmmco coverage and
or
any
loa
occuninl from
a hazard.
In the event ofa
distributioa
ofbazard
-JDCC proceeds in Ucu of
restoration or tqJIir
fbllowiDga 1011
to tho
Property
or to
common
area aDd
facilities
of he PUC, Illy
proceeds
payable 10
Borrower
IN hereby
uliped
aud thall
be
paid to
Lender
for appIicatioa to the I'DmS
sccurcd
by this Security Iastrament, with any
oxcesI paid
to tbo
cndty legally eatftfed
t h e r e ~ .
B. Bonower promises
to
pay
all dues
IDd assessments
imposed pursumt
&0
the legal
inltrumcntl
creatinland
govemiDg the PUD.
c.
I f
Borrower docs not
pay PUn dues
and usessmc;otl due. then
Lender.DUIy
ply them. Any
amounb
disbuned
by
Lender under
parapaph
c;
~
edditianal debt of'Borrower ICcurod
by
the Security-
Instrument. Ualeo
o ~
mel Leader iiVeo to
terms
of pa)'IDCDt, these amo1lntS abalJ
bear iatcrcsI
fi'om
tbe
date of d i s ~ t at
the
Note rata and shall be payable, with J n ~ 'UpOIl notice
Dom
Lclder
to
Borrower requeadns t .
BY
SIQNJ;NQ
BELOW. Borrower
aCcepts and aarees
to
the terms
and provisions
contaiDed
in tbia PUD Rider.
.
.
....
.-.'
. ~ ~ ~
,
T iJij
Me"'.
M. 6i1kapi. . =lie , .,
Markiii.pJe,
T
..
1'eAeiape "I,
8IBapt_ ~ . Q I I
Elillm,'R:88iJBI
.
. . . . .
tof l
Book5057/Page1681
CFN#2008065289
Page 12 of 13
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26/40
--
...
,
EXBIBITA
sxhibit
A
10
Iho Mortpge
made on May.:W.
200
by PeDeIope M. N.J . GIIIaple
nd
Mark
GUIeIpIe, . .
Ce
T
of . .
GJIIespIe 1PtuDIIJ umac '1'nIIt Aer - t ....... MI UI7 10. 1W7 ("BanoWer") to
UbertY
aevenc
MoJ1pt,he. ("Lcnder"). The Property Ie1oc: d
in
tho countYofMtrlH IIIta
orn...
delcribed to1Jowl:
Description ofPloperty
Legal Dctaiptton
euaehedhlnto
'Bxhibtt
A' and by
this I'Ilfiln:rJcomBde a
part hereo
LOT(S) 1,BLOCK G, OAK RUN WOODSWB
TBACT
ACCORDING TO THE PLAT
THEREOFAS RECORDED IN PLAT BOOK2 AT PAGE(S) 106 TBROUGB
lU,
I N ~ ~ ~
? J ~ ~ ~ RECORDS OJ'MAlUON COUNTY, FLORIDA..
.
-0.
1lllirflillfiillllli"'
U4S842B 3-18K'13
ratTGA'E
w
1
aO,
Page
13
of
13
Book5057/Page1682 CFN 2008065289
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27/40
r .. .
..
- ~ 0 0 0 l
................ _ ..-.
DA\1DR.
ElLSPERMANN.
a..ERI(
OF
; ; ; ; : . ~ COltITY
R ~ r d \ R 9 ReqUested
by &
DATE: 0612512008 2 : 5 5 ~ 3 4 PM
When
Recorded Rstum To:
U'S Recordings. Ino ..
. FILE.:
2008065290
OR BK
05057
PGS
1683-1893
2 ~ 5
Country
Drive
Ste
2
RECOR
G FEES ......
St Paul MN 55117 J
1 5 e ' - 1 ~ - - O ' i
~ ~ e ~ ~
LibertY
RIMae
MaRPle, 1I1c.
10951 Whlta
Rock Road, Suite
200
Rancho
Conlon,
CA 95670
FHA Cue
Nuaber:
091-44057411952-255
39100
Sec re t a ry o f Housing and
~
Development i s exempt from
paying
j n t acg ibJe taxes.
State ofPlorfda
ADJUSTABLE
RATE
~ ~ ~ C O N V D S I O N S E C O N D M O R T G A G E
THIS MORTGAOB ('I .
In.
. or DSecood Socmity ImIl1UDeUt
is
JiveD
OD
l ue 05,
ZOO8.
Tho
mortpgor
is
?E
eaelape I\L Gillespie, ell I GlDeiple and Mark GUlapIe, Co-Truteel
of
TIle GIllespIe
Fually
Llvlnr Trait
AVeement
dated
February
10.,
19 .,
whose addma is IG92 SW
1l5th
Loop. Ocala, J'L
34481
( Boaowet').
Ibis
Socwity
Instrumen1I
given to the Secretary of Hoating IDd tIrbE
Developmlmt. and
whole address is 451 Sevea b
Strcot,
S.W.,
WashJngton. DC 20410 ( LeDdet'')
or rSecretl1Y?
Bos:rcnrer
bII
p,rood to Iq)ay ID Loader
amouatI wlUch
Lendar
is obUpted
to
advaaeo,
mcluding
future advance$.
UDder the
termI
of
I
Home Equity CoawaiOll Lola
Aaremaeat
daIed Che
IIDIC
dale
81
tbi8 Security!DstnlmcDl ( LoaD Agrecmcat ). 1110 apemeDt to repay is evideDced by
Borrower's Note
d8IOd
dID
I I I I I t dIJe u
this Security
lDIfnuneot
rSeeond
No .
This
Security
1DItnIIDmt
aec;urea
to
Loodm::
(a) tho of
the
debt
evideaced
by the
Second
Note,
with
intereIl, at a rate
JUbjoct
to adjUllDat, aDd aD renewals.
extensionI
ad modf.fioafJoDs oftbo
Note, up
to a maximum J'l'iDcipal aDlOUlll
Oae
UaDdred Nlnety-Dchc Tho.and 4
08111.
Dellan (S1J8,ooo.10); (b) the payment
of all other sums, withmterest. advanced under Paragraph 5 to protect tho securityor Chia Securitr
Ins1rutnent
or ofberwiae due
1U1dcr the
temlJ
ofthia
Security
InItrumenl; and (c)
the parfonDlDCl ofBortowar'l
coveD8llfB
aDd
~ t UDder this Security
InstrurDc:nt
ad
he Note.
The full
debt. includiDc alllJDOUDta
described iD
(a).
(b).
and (c)
above.
irnot paid
earlier.
is due and
payabLo
OD
Ocmber
29,
208t.
For
this
p w p o ~
Bomnrer
doeI
bercby
II1OIf&88C,
pnt
and
oonvey
to
Lender.
the
following
descrJ1)ed property
locaaed in Marlaa
Count)'J Florida:
The real property located at tho addresr . . 3 SW 115th Loop, Oeala. IL 3448J, ill the County of
Marioa.
state of FL.
described more fbUy
onBxhibit A auaebd
to
tid.
Mortpp. .
,. .'
TOOBTHER wrm
aU
the impoVfJD1Cl'DJlO\9
or
hcrodor erecrtod 01 die pmpOl'ty,1Ud aD t:asoIMI1tS, Ippurtm&nceI.
and
fixturol now or hcreaftm'
pIIlt
oCthe
property.
AU tepIacemeDII aDd
addItiou
ahalI also be oovaed by fbi.
Secwiry
lJutrumalt
AU
ot'the
foregoing
is
rotemd to in this.
Security
IaatnImeat
II
tbe IIP.toperty
I
BORROWER
COVENANTS
that Bonowcr iI IawfWIy
IOUod
of cite . . .
hereby conwyed aDd
hu
the riabt
to gtanlllld
convey
the Property
IDd that the Property is only eDCUrIlbeNd bY PIIIt Security IDItrumeat givca by Bocrower aDd
daIod he
same dace
as
this Security 1aItnJmaJt f'First Security 1DsIrumeDt').
Boaower'MllDlltt
mel will
defead
generally the
tide to
tho
Property IpiDIt all
claims and demands,
iubject
to any ofRtCOJd.
1HI8
SBCURITY
INSTRUMBNT
combiDea
UDifanD
oovaDIDCI
Cot
DIdaaa1
Ute
BDcl
DOD-uniform
covenanll
witb
UmiIOd
variatiODS by juriadictiOll
to
OODItitute
I uniform
lecarity inltrummt
coveriDg Na1 property.
UNIFORM
COVENANTS. Bon'ow
aDd
Laldcr
oaveuaot and ape
1I1bDowa:
Book5057/Page1683
CFN 2008065290
Page 1 of 11
http:///reader/full/000l%E7%AE%AE....~_%E5%95%80http:///reader/full/000l%E7%AE%AE....~_%E5%95%80http:///reader/full/000l%E7%AE%AE....~_%E5%95%80 -
8/11/2019 RMS v Gillespie, Verified Complaint to Foreclose HECM
28/40
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1
....
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-
.1.
_ ,
_.
_ _
......
4 _ ' _ .. _
t; :
1. P . ) ~ e a t or PrlDdpaJ and IJiteri-st.' Bomnvaa 8baI1 pay when due
the
priDcipal o and inknIIt ou.
the
debt ovfdalcod by
the Second Nato. '
2.
Pa1meut
or
Propert3'
Curve&.
Bo1Tower
IbaII JHIY
all JIIVP$J
dJarpI
of1Ixes, pound
nuts..
flood IJ1d bazaRl
iosunmco pnrmiumI,
special ill a
timely
~ ~ l I d IbaI1 pmvide erideace afpaymeDI to
Leader. uDIa8s
Lcadet pays charges by ~ d i n a fimdlblDOlltbly
payDBltl
due 10 the or by chllBlallUCbpaymmll
to a
Une of cndit
u
provided for
in Loa
aIdIr may
requim BOI'J'OWef to pay apeoifiod propercy cbqes
dil=dy 10 the party owed payment t h o u P Leader plY' OCherpmpaty II pmvidod ill dUI
PIrIIpIph.
3. Ji1re. Flood and
OtIaerB'uanJ
hnraace.
Borrower'thall mm. all _
011
tho
Property, whether now
ia
crxJstencc
or
sublcqueDtly
119- lIlY caualtia,
IDd
_
~ u d i a fiR:.
This IDnrance shill be
maintained in the amOUD1l. to tho aIut tor 1he pedocII reqafred by
Leader.
BoDower sW1 also .iDsure aD improvements on
the Pmperfl. whether now in exiateace'or lubIeqaeDtlyerected, apJoIt loa by f100dI to
the c:xlalt zequired by
Lender. The
ID