CFN 20150417806 OR BK 27926 PG 1809 RECORDED 11/13/2015 10:56:39 Palm Beach County, Florida AMT 812,500.00 RECORD AND RETURN TO: MTG DOC 2,843.75 INTANGIBLE 1,625.00 New Wave Loans Residential, LLC Sharon R. Bock 18 NE Miami Gardens Drive, Suite 451 CLERK COMPTROLLER iami Beach, Florida 33179 1809-1832; (244395) RUMENT PREPARED BY: Stacr man, Esq. Law cc of 5taci J. Rutman PA. 500 Sou nte Drive, Suite 230 Miami 33139 [Space above line reserved for recording office use] MORTGAGE Balloon Mortgage ortgage has a Balloon Payment. The Balloon Payment will be due on December 1, 2018 in ount of $812,500.00 plus accumulated interest. 0 DEFINITIONS Words used in multiple sections of cument are de?ned below and other words are de?ned in Sections 3, 11, I3, 18, 20 and 21. Certain rules regardin sage of words used in this document are also provided in Section 16. (A) ?Security Instrument? means this @nt, which is dated November 6, 2015, together with all Riders to this document. (B) ?Borrower? is Chance Anthem lorida limited liability company. Borrower is the mortgagor under this Security Instrument. (C) ?Lender? is New Wave Loans Resident Lender?s address is 1835 NE Miami Gardens mortgagee under this Security Instrument. (D) ?Note? means the promissory note signed by orrower and dated of even date herewith. The Note states that Borrower owes Lender EIGHT HUNDRED TWELVE THOUSAND FIVE HUNDRED AND DOLLARS plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than December 1, 2018. (E) ?Property? means the property that is described below under the heading ?Transfer of Rights in the Property.? (F) ?Loan? means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (G) ?Riders? means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: (Series: Siskind), a Delaware limited liability company. uite 451, North Miami Beach, Florida 33179. Lender is the Adjustable Rate Rider Condominium Rider Second Home Rider Balloon Rider Planned Unit Development Rider of Process 1?4 Family Rider Biweekiy Payment Rider (H) ?Applicable Law? means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. Family?-Fannie Mac/Freddie Mac UNIFORM 5010 1/01 (page I 0f12pages) 994227 CFN 20150417806 BOOK 27926 PAGE 1810 2 OF 24 (I) ?Community Assodation Dues, Fees, and Assessments? means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (J) ?Electronic Funds Transfer? means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic 30 as to order, instruct, or authorize a ?nancial institution to debit or credit an account. Such term includes, but is 11ted to, point?of?sale transfers, automated teller machine transactions. transfers initiated by telephone, wire 4",and automated clearinghouse transfers. 1 ?(ltsc Items? means those items that are described in Section 3. i (L) a? cellaneous Proceeds? means any compensation settlement, award of damages, or proceeds paid by any third 1 partngEv than' msurance proceeds paid under the coverages described 1n Section 5) for: damage to, or destruction of, th@ roperty; (ii) condemnation or other taking of all or any part of the Property; conveyance in lieu of condem or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (M) 0 Insurance? means insurance protecting Lender against the nOnpayment of, or default on, the Loan. (ii) any amou er Section 3 of this Security Instrument. (N) ?Peri01 cP ment? means the regularly scheduled amount due for principal and interest under the Note, plus (0) sthe Real Estate Settlement Procedures Act (12 U. S. ?2601 et seq.) and its implementing regulation, Regu@ (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislatio regulation that governs the same subject matter. As used in this Security Instrument, refers to all requiremer restrictions that are imposed in regard to a ?federally related mortgage loan? even if the Loan does not qualify ?federally related mortgage loan? under RESPA. (P) ?Successor in Interes Borrower? means any party that has taken title to the Property, whether or not that party has assumed Borrower?s tions under the Note and/or this Security Instrument. TRANSFER OF RIGHTS I PROPERTY ugender: the repayment of the Loan, and all renewals, extensions and nrformance of Borrower?s covenants and agreements under this Security Borrower does hereby mortgage, g1 ant and convey to Lender, the following Palm Beach: 34@?ta Barbara Drive, Wellington, FL 33414 See attached hereto for Legal Description. TOGETHER WITH all the improv now or hereafter erected on the property, and all easements, appurtenances, and ?xtures now or hereafter a property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoi 1 @i-rred to in this Security Instrument as the ?P10perty.? This Security Instrument secu -. modi?cations of the Note; and?! If Instrument and the Note. For this described property located in the Co BORROWER COVENANTS that Borr091?$vfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and non?uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in US. currency. However, if any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: cash; money order; (0) certi?ed check, bank check, treasurer?s check or cashier?s check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or Electronic Funds Transfer. Familwaannie MaefFreddie Mac UNIFORM 3010 1/01 (page 2 (3f'12pages) 994227 1 CFN 20150417806 BOOK 27926 PAGE 1811 3 OF 24 Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payment if the payment or partial payments are insuf?cient to bring the Loan current. Lender may accept any payment or partial payment insuf?cient to bring the Loan current, without waiver of any rights hereunder or ice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated to apply such ts at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then eed not pay interest on unapplied funds. Lender may hold such unapplied funds until Borrower makes payment Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such eturn them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal balance unde @ote immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future agains enderbshall relieve Borrower from making payments due under the Note and this Security Instrument or performi covenants and agreements secured by this Security Instrument. lication of Payments or Proceeds. Except as otherwise described in this Section 2, all payments ied by Lender shall be applied in the following order of priority: interest due under the Note; der the Note; amounts due under Section 3. Such payments shall be applied to each Periodic which it became due Any remaining amounts shall be applied first to late charges second to any other amounts this Security Instrument, and then to reduce the principal balance of the Note. If Lender 6 es a payment from Borrower for a delinquent Periodic Payment which includes a suf?cient amount to pay any late cage due, the payment may be applied to the delinquent payment and the late charge. If more accepted an ap principal Payment in the than one Periodic Pay IS outstanding, Lender may apply any payment received from Borrower. to the repayment of the Periodic Payments 1 the extent that, each payment can be paid in full, To the extent that any excess exists after the payment is appli to full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary pre Any application of shall be applied ?rst to any prepayment charges and then as described in the Note. ts, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone ate, or change the amount, of the Periodic Payments. 3. Funds for Escrow orrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in (the ?Funds?) to provide for payment of amounts due for: taxes and assessments and other items which tain priority over this Security Instrument as a lien or encumbrance on the Property; leasehold payments or ents on the Property, if any; (0) premiums for any and all insurance required by Lender under Section 5; and Mo urance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insuran iums in accordance with the provisions of Section 10. These items are called ?Escrow Items.? At origination or a @me during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escro 1 unless Lender waives B01rower?s obligation to pay the Funds for any or all Escrow Items. Lender may waive B0 obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow I which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within, such time period as Lender may require. Borrower?s obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase ?covenant and agreement? is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails topay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount suf?cient to permit Lender to apply the Funds at the time speci?ed under RESPA, and not to exceed the maximum amount a lender can require under RESPA. Lender shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with Applicable Law. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow Items no later than the time speci?ed under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Lender shall not be Family-Fannie Mae/Freddie Mac UNIFORM 3010 1/01 (page 3 qf?12pages) 994227 - if? CFN 20150417806 BOOK 27926 PAGE 1812 4 OF 24 required to pay Borrower any interest or earnings on the Funds. Borrower and Lender can agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA. If there is a surplus of Funds held in escrow, as de?ned under RESPA, Lender shall account to Borrower for the funds in accordance with RESPA. If there is a shortage of Funds held in escrow, as de?ned under RESPA, Lender tify Borrower as required by RESPA, and Borrower shall pay to Lender the amount necessary to make up the in accordance with RESPA, but in no more than 12 payments. If there is a de?ciency of Funds held in asjie?ned under RESPA, Lender shall notify Borrower as required by RESPA, and Borrower shall pay to Lender nt necessary to make up the de?ciency in accordance with RESPA, but in no more than 12 payments. on payment in full of all sums secured by this Security Instrument, Lender shall refund to Borrower any Fu Lender. arges; Liens. Borrower shall pay all taxes, assessments, and impositions attributable to the Property an attain priority over this Security Instrument, leasehold payments or ground rents 0n the Property, if any, and Commu 'ty Association Dues, Fees, and Assessments, if any. To the extent that these items are Escrow Items, them in the manner provided in Section 3. . ll discharge any lien which has priority over this Security Instrument unless Borrower: yment of the obligation secured by the lien in a manner acceptable to Lender, but only so long g- such agreement; contests the lien in good faith by, or defends against enforcement of the agrees in writing as Borrower is perf lien in, legal proceed' which in Lender?s opinion operate to prevent the enforcement of the lien while those proceedings are pend ut only until such proceedings are concluded; or secures from the holder of the lien an agreement satisfactory to er subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to li which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. @n 10 days ofthe date on which that notice is given, Borrower shall satisfy the lien or 0 take one or more ofthe acti forth above in this Section 4. Lender may require rr 0 pay a one?time charge for a real estate tax veri?cation and/or reporting service used by Lender in connection can. 5. Property Insurance er shall keep the improvements now existing or hereafter erected on the Property insured against loss by ards included within the term ?extended coverage,? and any other hazards nd ?oods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including 1 levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences ca ge during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower sub ec Lender?s right to disapprove Borrower?s choice, which right shall not be exercised unreasonably. Lender may req orrower to pay, in connection with this Loan, either: a one?time charge for ?ood zone determination, certi?c . and tracking services; or a one-time charge for ?ood zone determination and certi?cation services and su a: charges each time remappings or similar changes occur which reasonably might affect such determination or .- 413*: ion. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Managem? Agency in connection with the review of any ?ood zone determination resulting from an objection by Bor . If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender?s option and Borrower?s expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower?s equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might signi?cantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payabie, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender?s right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certi?cates. If Lender requires, Borrower shall give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/'or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Family--Fannie Mae/Freddie Mac UNIFORM 3010 1101 (page 4 0f'12pages) 994227 including, but not limited to, earthq CFN 20150417806 BOOK 27926 PAGE 1813 5 OF 24 Property, if the restoration or repair is economically feasible and Lender?s security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender?s satisfaction, provided that such inSpection shall be undertaken Lender may disburse proceeds for the repairs and restoration in a single payment or in a series gress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires to be paid on such insurance proceeds, Lender shall not be required to pay Borrower any interest or earnings on ceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the cegroceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible r?s security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the der rqyided for in Section 2. rower abandons the Property, Lender may file, negotiate and settle any available insurance claim and related . If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle Elam, then Lender may negotiate and settle the claim. The 30?day period will begin when the notice is given. In eit nt, or if Lender acquires the Preperty under Section 22 or otherwise, BorrOwer hereby assigns to Lender Bor rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note or this Security Inst nd any other of Borrower?s rights (other than the right to any refund of unearned premiums paid by Borrower) all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lende use the insurance proceeds either to repair or restore the Property or to pay amounts unpaid under the Note or this rity Instrument, whether or not then due. 6. Occupancy. ower shall occupy, establish, and use the Property as Borrower?s principal residence within 60 days after the executio@is Security Instrument and shall continue to occupy the Property as Borrower?s principal residence for at least one ye the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withhel less extenuating circumstances exist which are beyond Borrower?s control. 7. Preservation, nge and Protection of the Property; Inspections. Borrower shall not destroy, er allow the Property to deteriorate or commit waste '3 residing in the Property, Borrower shall maintain the Property in order to decreasing in value due to its condition. Unless it is determined pursuant to nomically feasible, Borrower shall repair the Property if damaged to avoid further deterioration or damag . ance or condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Len er disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work i@pleted. If the insurance or condemnation proceeds are not suf?cient to repair or restore the Property, Borrower is not ved of Borrower?s obligation for the completion of such repair or restoration. Lender or its agent may make reason?ies upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improv ts on the Property. Lender shall give Borrower notice at the time of or prior to such an interior inspection spe uch reasonable cause. 8. Borrower?s Loan Application. Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower?s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Borrower?s occupancy of the Property as Borrower?s principal residence. 9. Protection of Lender?s Interest in the Property and Rights Under this Security Instrument. If Borrower fails to perform the covenants and agreements contained in this Security Instrument, there is a legal proceeding that might signi?cantly affect Lender?s interest in the Property and/or rights under this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for enforcement of a lien which may attain priority over this Security Instrument or to enforce laws or regulations), or Borrower has abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Lender?s interest in the Property and rights under this Security Instrument, including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender?s actions can include, but are not limited to: paying any sums secured by a lien which has priority over this Security Instrument; appearing in court; and paying reasonable attorneys? fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not limited to, entering the Property to make repairs, change locks, replace or board up doors and Windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off. Although Lender may take action under this Section 9, Lender does not Family?-Fannie MaelFreddie Mae UNIFORM 3010 1/01 (page 5 0f12pages) 994227 damage or impair the on the Property. Whether or not prevent the Property from deteriora Section 5 that repair or restoration is CFN 20150417806 BOOK 27926 PAGE 1814 6 OF 24 have to do so and is not under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9. Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by this Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be with such interest, upon notice from Lender to Borrower requesting payment. If this Security Instrument is on a leasehold, Borrower shall comply with all the provisions of the lease. If Bo acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the . merg iting. Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall pay emiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage by Lender ceases to be available from the mortgage insurer that previously provided such insurance and Borrow required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower sha the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alt mortgage insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borro hall continue to pay to Lender the amount of the separately designated payments that were due when the insurance cov ge ceased to be in effect. Lender will accept, use and retain these payments as a non- refundable loss reserv (innu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the - aid in full, and Lender shall not be required to pay Borrower any interest or earnings on - Mortgage Insurance as a con 10 u- .- making the Loan and Borrower was required to make separately designated payments toward the premiums fk V9 {gage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a Wdable loss reserve, until Lender?s requirement for Mortgage Insurance ends in accordance with any written ag between Borrower and Lender providing for such termination or until termination is required by Applicable @othing in this Section 10 affects Borrower?s obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses l(0r any entity that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agre Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their tot . on all such insurance in force from time to time, and may enter into agreements with other parties that share or wrap? their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgag . . er and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to -- - . yments using any source of funds that the mortgage insurer may have available (which may include ?lnds obtaind --. ortgage Insurance premiums). As a result of these agreements, Lender, ?haser of the Note, another insurer, any reinsurer, any other entity, or any af?liate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower?s payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer?s risk, or reducing losses. If such agreement provides that an af?liate of Lender takes a share of the insurer?s risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed ?captive reinsurance.? Further: Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms ofthe Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. Any such agreements will not affect the rights Borrower has if any with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law._These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender?s security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity Family-?Fannie Mae/Freddie Mac UNIFORM IN 3010 1/01 (page 6 0f12pages) 994227 CFN 20150417806 BOOK 27926 PAGE 1815 7 OF 24 to inspect such Property to ensure the work has been completed to Lender?s satisfaction, provided that such inspection shall be undertaken Lender may pay for the repairs and restoration in a single disbursement or in a series of the Svent of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrowerpartial taking, destruction, or loss in value of the Property in which the fair market value of the Property imm before the partial taking, destruction, or loss in value is equal to or greater than the amount of the sums secured Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Le erwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Misc ous Proceeds multiplied by the following fraction: (21) the total amount of the sums secured immediately before ial taking, destruction, or loss in value divided by the fair market value of the Property immediately before th ial taking, destruction, or loss in value. Any balance shall be paid to Borrower. In the event of a pa; $1 taking, destruction, or loss in value of the Property in which the fair market value PrOperty immediately bef partial taking, destruction, or loss in value is less than the amount of the sums secured immediately before the ing, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the Miscellaneous shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. If the Property is aband yCBorrower, or if, after notice by Lender to Borrower that the Opposing Party (as de?ned in the next sentence) offer 0 an award to settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the no iven, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Pr or to the sums secured by this Security Instrument, whether or not then due. ?Opposing Party? means the third party Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regard to Miscell roceeds. Borrower shall be in default if an action or proceeding, whether civil or criminal, is begun that, in Lender?s judgment, could result in forfeiture of the Pr@ or other material impairment of Lender?s interest in the Property or rights under this Security Instrument. Borrow cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action 0@ eding to be dismissed with a ruling that, in Lender?s judgment, 2 in precludes forfeiture of the Property or other ma airment of Lender?s interest in the Property or rights under this Security Instrument. The proceeds of any award or or damages that are attributable to the impairment of Lender?s interest in the Property are hereby assigned and sh id to Lender. -- All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order previded for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modi?cation of amortization of the sums secured by this Security Instrumentgranted by Lender to Borrower or any . Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to 1 refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender?s acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 7 13. Joint and Several Liability; Co?signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower?s obligations and liability shall bejoint and several. However, any Borrower who co?signs this Security Instrument but does not execute the Note (a is co?signing this Security Instrument only to mortgage, grant and convey the co-signer?s interest in the Property under the terms of this Security Instrument; is not personally obligated to pay the sums secured by this Security Instrument; and agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer?s consent. :7:xc~r:~r 'vre .4 A .. 4 Family?Fannie Mae/Freddie Mac UNIFORM 3010 1/01 Coage 7 0f12pages) 994227 CFN 20150417806 BOOK 27926 PAGE 1816 8 OF 24 Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower?s obligations under this Security Instrument in writing, and is approved by Lender shall obtain all of Borrower?s rights and 1 . Loan Charges. Lender may charge Borrower fees for services performed 1n connection with Borrower?s or the purpose of protecting Lender?s interest in the Property and. rights under this Security Instrument, nut not limited to, attorneys? fees, property inspection and valuation fees. In regard to any other fees, the uf expgess authority 1n this Security Instrument to charge a speci?c fee to Borrower shall not be construed as a prohibiti the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrumen Applicable Law. If L. - is subject to a law which sets maximum loan charges, and that law is ?nally interpreted so that the charges collected or to be collected in connection with the Loan exceed the permitted limits then: shall be reduced by the amount necessary to reduce the charge to the permitted limit; and any 1f om Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces princ$he reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment is provided for under the Note). Borrower?s acceptance of any such refund made by direct payment to Borrower w1 titute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. Al?es given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borr hall be served upon Borrower?s appointed agent (?Borrower?s Agent?) as set forth in 1 that certain Appointment 0 dated of even date herewith (?Appointment of Agent?), in connection with this Security Instrument shall be have been given to Borrower?s Agent when mailed by ?rst class mail or when actually delivered to Borrower? tchotice address as set forth in the Appointment of Agent, if sent by other means. Notice to any one Borrower shall notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the ad set forth in the Appointment of Agent unless Borrower has designated a substitute notice address by notice to . Borrower shall notify Lender of change to the Borrower?s Agent or the Borrower?s Agent?s address. I eci?es a procedure for reporting Borrower?s change of address, then Borrower shall only report a change of through that speCi?ed procedure. There may be only one designated notice address under this Security Instrume tat ny one time. Any notice to Lender shall be given by delivering it or by mailing it by ?rst class mail to Lender?s addr ted herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this - ?y Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice requ w) this Security I_'nstrument 1s also required under Applicable Law, the Applicable Law requirement will satisfy that'- 9 . nonding requirement under this Security Instrument 16. Governing Law; Severability; Rule oi?onstruction. This Security Instrument shall be governed by federal law and the law of thejurisdiction in whic perty is located. All rights and obligations contained in this 1 Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly 1 or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note con?icts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the con?icting provision. As used in this Security Instrument: words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; words in the singular shall mean and include the plural and vice versa; and the word ?may? gives sole discretion without any obligation to take any action. 17. Borrower?s Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower.? As used in this Section 18, ?Interest in the Property? means any legal or bene?cial interest in the Property, including, but not limited to, those bene?cial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a bene?cial interest in Borrower is sold or transferred) without Lender?s prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower Family--Fannie Mae/Freddie Mac UNIFORM 3010 1/01 (page 8 0f12pages) 994227 CFN 20150417806 BOOK 27926 PAGE 1817 90F24 must pay all sums secured by this Security Instrument. If orrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on - sale of the Property pursuant to any power of sale contained in this Security Instrument; such other period agile Law might specify for the termination of Borrower?s right to reinstate; or (0) entry of ajudgment enforcing - Instrument. Those conditions are that Borrower: pays Lender all sums which then would be due under this Se . ity In?trument and the Note as if no acceleration had occurred; cures any default of any other covenants or agreeme pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable Pr attorneys? roperty inspection and valuation fees, and other fees incurred for the purpose of protecting Lender?s interest in erty and rights under this Security Instrument; and takes such action as Lender may reasonably require to as at Lender?s interest in the Property and rights under this Security Instrument, and Borrower?s obligation to sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay su statement sums and expenses in one or more of the following forms, as selected by Lender: cash; moneyg?g; (0) certi?ed check, bank check, treasurer?s check or cashier?s check, provided any such check is drawn upon an ins 1tut' whose deposits are insured by a federal agency, instrumentality or entity; or Electronic Funds Transfer. Upot??tatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no --cc eration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Sectio 20. Sale of Note; (together with this Security a result in a change in the entity this Security Instrument and per and Applicable Law. There also there is a change of the Loan Servic address of the new Loan Servicer, th of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note ent) can be sold one or more times without prior notice to Borrower. A sale might as the ?Loan Servicer?) that collects Periodic Payments due under the Note and O5 filer mortgage loan servicing obligations under the Note, this Security Instrument, gigl?gne or more changes of the Loan Servicer unrelated to a sale of the Note. If rower will be given written notice of the change which will state the name and 33 to which payments should be made and any other information RESPA requires in connection with a notice 0 servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser e, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a ccessor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may co ce, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises fr Eother party?s actions pursuant to this Security Instrument or that alleges that the other party has breached any pr f, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has noti?ed the other pa 'th such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded th rty hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 21. Hazardous Substances. As used in this Section 21: ?Hazardous Substances? are those substances de?ned as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other ?ammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; ?Environmental Law? means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection; ?Environmental Cleanup? includes any response action, remedial action, or removal action, as defined in Environmental Law; and an ?Environmental Condition? means a condition that can cause, contribute to, or otherwise trigger an Environmental Cleanup. Family??Fannie Mae/Freddie Mac UNIFORM 1/01 (page 9 of'IZpages) 994227 I CFN 20150417806 BOOK 27926 PAGE 1818 10 OF24 Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or threaten to release any Hazardous Substances, on or in the Property. Borrower shall not do, nor allow anyone else to s. cc . P915: of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal 4 YES 4 uses and to maintenance of the Property (including, but not limited to, hazardous substances in consumer prod a 3 orroayer shall give Lender written notice of any investigation, claim, demand, lawsuit or other action by overnmental or regulatory agency or private party involving the Property and any Hazardous Substance 0r Environm aw of which Borrower has actual knowledge, any Environmental Condition, including but not limited to, a sp' ling, leaking, discharge, release or threat of release of any Hazardous Substance, and any condition caused by th cc, use or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower lea noti?ed by any governmental or regulatory authority, or any private party, that any removal or other remediatio Hazardous Substance affecting the Property is necessary, Borrower shall take all necessary remedia in accordance with Environmental Law. Nothing herein shall create any obligation on Lender for an Environmenta Cl:nup. NON-UNIFO COVENANTS. Borrower and Lender further covenant and agree as follows: 22. Accelerati emedies. Lender shall give notice to Borrower prior to acceleration following Borrower?s breach of any ant or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless Applica provides otherwise). The notice shall specify: the default; the action required to cure the default, c) ate, not less than 30 days from the date the notice is given to Borrower, by which the default must be cu 9 that failure to cure the default on or before the date speci?ed in the notice may result in acceleratw sums secured by this Security Instrument, foreclosure by judicial proceeding and sale of the Prop?e notice shall further inform Borrower of the right to reinstate after acceleration and the right to asse foreclosure proceeding the non?existence of a default or any other defense of Borrower to acceleration ?and - eclosure. If the default is not cured on or before the date specified in the notice, Lender at its option may immediate payment in full of all sums secured by this Security Instrument without further demand an may foreclose this Security Instrument by judicial proceeding. Lender shall be entitled to collect all expenses inc in pursuing the remedies provided in this Section 22, including, but not limited to, reasonable attorneys? costs of title evidence. 23. Release. Upon payment of all su red by this Security Instrument, Lender shall release this Security Instrument. Borrower shall pay any recordati Lender may charge Borrower a fee for releasing this Security Instrument, but only if the fee is paid to a third Ervices rendered and the charging of the fee is permitted under Applicable Law. 24. Attorneys? Fees. As used in this Security Instrument and the Note, attorneys? fees shall include those awarded by an appellate court and any attorneys? fees incurred in a bankruptcy proceeding. 25. Jury Trial Waiver. The Borrower hereby waives any right to a trial by jury in any action, proceeding, claim, or counterclaim, whether in contract or tort, at law or in equity, arising out of or in anyway related to this Security Instrument or the Note. Family-?Fannie Mae/Freddie Mac UNIFORM 3010 1/01 (page 10 0f12pages) 994227 CFN 20150417806 BOOK 27926 PAGE 1819 11 OF 24 Balloon Mortgage This Mortgage has a Balloon Payment. The Balloon Payment will be due 11 December 1, 2018 in the amount of $812,500.00 plus accumulated interest. SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this security Inst and in any Rider executed by Borrower and recorded with it. Signed, seal @nd delivered, in the presence of: BORROWER: ?rs-s Chance Anthem LLC, a Florid li i a e: :Lv' company DA Pri tn me:\Q/ LVW.MCDAN1EI STATE OF FLORIDA 0 COUNTY OF in, ?Em (K The foregoing instrument was (36 dged before me this (K day of November, 2015, by Jeffrey M. Siskind, Managing mber of Chance (Vb LLC, a Florida limited liability company, who is personally known to me or produced Widenti 1 iWi/d?] liability By: - effre . iskind, naging Member A MCDANIEL \iv? I, . . MY COMMISSION ame: -- -- @510? Au ust13 2017 Nmary PUbhc? mate 0 a9 cm :12: Commission N0. Fm? 7 Family/?Fannie Mae/Freddie Mac UNIFORM 3010 1/01 (page 11 0f12pages) 994227 I. CFN 20150417806 BOOK 27926 PAGE 1820 12 OF 24 EXHIBIT A ougi?elds Phase I of Palm Beach Polo and Country Club? Wellington Country Place P.U.D., according to the ma at thereof, as recorded in Plat Book 39, Page(s) 19 through 22, inclusive, of the Public Records of Palm Beach Coun rida. 0 Parcel Family-?Fannie Mae/Freddie Mac UNIFORM 3010 1/01 (page 12 OfIZpages) 994227 CFN 20150417806 BOOK 27926 PAGE 1821 13 OF 24? ADJUSTABLE RATE RIDER (1 Year Treasury Index Rate Caps) 0 HIS ADJUSTABLE RATE RIDER is made this 6th day of November, 2015, and is incorporated into and shall med to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the ?Security Instrument?) of the same given by Chance Anthem LLC, a Florida limited liability company (the ?Borrower?) to secure Borrow 'ustable Rate Note (the ?Note?) to New Wave Loans Residential, LLC (Series: Siskind), a Delaware limited li company (the ?Lender?) of the same date and covering the property described in the Security Instrument and located at: 3445 Santa Barbara Drive, Wellington, FL 33414 [the ?Property Address?] THE NOTE TAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST RATE PAYMENT. THE NOTE LIMITS THE AMOUNT THE TEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM THE BORROWER MUST PAY. ADDITIONAL Borrower and Lender further - nd agree as follows: A. INTEREST RATE PAYMENT CHANGES The Note provides for an ., 'u erest rate of 9,000 0/o. The Note provides for changes in the interest rate and the payments as follows: INTEREST RATE AND HLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay may@on the ?rst day of December 1, 2016 and on that day every 3rd month thereafter. Each date on which my interes ra ould change is called a ?Change Date.? (B) The Index Beginning with the ?rst Change Date 'nterest rate will be based on an Index. The ?Index? is the weekly average yield on United States Treasury securit sted to a constant maturity of one year, as made available by the Federal Reserve Board. The most recent Index ailable as of the date 60 days before each Change Date is called the ?Current Index.? If the Index is no longer available, the er will choose a new index which is based upon comparable information. The Note Holder will give me notice of this choice. (C) Calculation of Changes Before each Change Date, the Note Holder will calculate my new interest rate by adding 8.740 percentage points (8.740%) to the Current Index. The Note Holder will then round the result of this addition to the nearest 0.125%. Subject to the limits stated in Section below, this rounded amount will be my new interest rate until the next Change Date. - The Note Holder will then determine the amount of the payment that would be suf?cient to repay the unpaid principal that I am expected to owe at the Change Date in full on the maturity date at my new interest rate in substantially equal payments. The result of this calculation will be the new amount of my payment. (D) Limits on Interest Rate Changes . The interest rate I am required to pay at the first Change Date will not be greater than 11.000% or less than 9.000%. Thereafter, my interest rate will never be increased on any single Change Date by more than two percentage points from the rate of interest I have been paying for the preceding 12 months. My interest rate will never be greater than 13.000%. (E) Effective Date of Changes My new interest rate will become effective on each Change Date. I will pay the amount of my new payment beginning on the ?rst payment date after the Change Date until the amount of my payment changes again. 994227 CFN 20150417806 BOOK 27926 PAGE 1822 14 OF 24 (F) Notice of Changes The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my Tu mo <'gtyment before the effective date of any change. The notice will include informati0n required by law to be give and also the title and telephone number of a person who will answer any question I may have regarding the notice. 0 B. OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER Se on 8 of the Security Instrument is amended to read as follows: - Transfer of th erty or a Bene?cial Interest in Borrower. As used in this Section 18, ?Interest in the Property? means any legal or titan;- i '1 interest in the Property, including, but not limited to, those bene?cial interests transferred in a bond for deed, 00.1% for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a date to a purchaserthe Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a b@ial interest in Borrower is sold or transferred) without Lender?s prior written consent, Lender may require immediate yment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if su qrcise is prohibited by Applicable Law. Lender also shall not exercise this option if: able Law, Lender may charge a reasonable fee as a condition to Lender?s ay also require the transferee to sign an assumption agreement that is . 6s?Jtransferee to keep all the promises and agreements made in the Note and in va nti ue to be obligated under the Note and this Security Instrument unless To the extent permitted consent to the loan assumption. acceptable to Lender and that obliga this Security Instrument. Borrower Lender releases Borrower in writing. If Lender exercises the option re-uire immediate payment in full, Lender shall give Borrower notice of acceleration. The notice shall provide a peric~ not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must - in sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, . may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower BY SIGNING BELOW, Borrower to the terms and covenants contained in this Adjustable Rate Rider. BORROWER: Chance Anthem LLC, a Imited liabilit company By: Jeffrey manna, Man iIEM'em/ber 994227 CFN 20150417806 BOOK 27926 PAGE 1823 15 OF 24 1-4 FAMILY RIDER (Assignment of Rents) THIS 1?4 FAMILY RIDER is made this 6th day of November, 2015, and is incorporated into and shall be deemed to amen supplement the Mortgage, Deed of Trust, or Security Deed (the ?Security Instrument?) of the same date given by the un (the ?Borrower?) to secure Borrower?s Note to New Wave Loans Residential, LLC (Series: Siskind), a Dela imited liability company (the ??Lender?) of the same date and covering the Property described in the Security Instru 513 located at: 0 3445 Santa Barbara Drive, Wellington, FL 33414 [the ?Property Address?] 1-4 COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender furth nant and agree as follows: A. TIONAL PROPERTY SUBJECT TO THE SECURITY INSTRUMENT. In addition to the Property describ ecurity Instrument, the following items now or hereafter attached to the Property to the extent they are ?xtures are an a 2?0 the Property description, and shall also constitute the Property covered by the Security Instrument: buildin- ma?grials, appliances and goods of every nature whatsoever now or hereafter located in, on, or used, A 5.7 or intended to be use nnection with the Property, including, but not limited to, those for the purposes of supplying or distributing heating, cling, electricity, gas, water, air and light, ?re prevention and extinguishing apparatus, security and access control appar Is plumbing, bath tubs, water heaters, water closets, sinks, ranges, stoves, refrigerators, dishwashers, disposals, 2w 4% dryers, awnings, storm windows, storm doors, screens, blinds, shades, curtains and curtain rods, attached mirro Q, a 'nets, paneling and attached ?oor coverings, all of which, including replacements and additions thereto, shall be dee?? and remain a part of the Property covered by the Security Instrument. All of the foregoing together with the Pro (described in the Security Instrument (or the leasehold estate if the Security . . 10 in this 1-4 Family Rider and the Security Instrument as the ?Property.? - MPLIANCE WITH LAW. Borrower shall not seek, agree to or make a classi?cation, unless Lender has agreed in writing to the change. Borrower ulations and requirements of any governmental body applicable to the change in the use of the Property or i .: shall comply with all laws, ordinanc Property. C. SUBORDINATE LIENS. xcept as permitted by federal law, Borrower shall not allow any lien inferior to the Security Instrument to be perfected a the Property without Lender?s prior written permission. D. RENT LOSS INSURANCE. er shall maintain insurance against rent loss in addition to the other hazards for which insurance is required by Se 7 E. RIGHT TO DELETED. Section 19 is deleted. F. OCCUPANC . Lender and Borrower otherwise agree in writing, Section 6 concerning Borrower?s occupancy of the Propert??ted. G. ASSIGNMENT OF LEASES. Upon Lender?s request after default, Borrower shall assign to Lender all leases of the Property and all security deposits made in connection with leases, of the Property. Upon the assignment, Lender shall have the right to modify, extend or terminate the existing leases and to execute new leases, in Lender?s sole discretion. As used in this paragraph G, the word ?lease? shall mean ?sublease? if the Security Instrument is on a leasehold. H. ASSIGNMENT OF APPOINTMENT OF LENDER IN POSSESSION. Borrower absolutely and unconditionally assigns and transfers to Lender all the rents and revenues (?Rents?) of the Prepeity, regardless of to whom the Rents of the Property are payable. Borrower authorizes Lender or Lender?s agents to collect the Rents, and agrees that each tenant of the Property shall pay the Rents to Lender or Lender?s agents. However, Borrower shall receive the Rents until Lender has given Borrbwer notice of default pursuant to Section 22 of the Security Instrument and (ii) Lender has given notice to the tenant(s) that the Rents are to be paid to Lender or Lender?s agent. This assignment of Rents constitutes an absolute assignment and not anlassignment for additional security only. If Lender gives notice of default to Borrower: all Rents received by Borrower shall be held by Borrower as trustee for the benefit of Lender only, to be applied to the sums secured by the Security Instrument; (ii) Lender shall be entitled to collect and receive all of the Rents of the Property; Borrower agrees that each tenant of the Property shall pay all Rents due and unpaid to Lender or Lender?s agents upon Lender?s written demand to the tenant; (iv) unless MULTISTATE 1-4 FAMILY Mae/Freddie Mac UNIFORM INSTRUMENT Form 3170 1/01 (page 1 0f 2 pages) CFN 20150417806 BOOK 27926 PAGE 1824 16 OF 24 applicable law provides otherwise, all Rents collected by Lender or Lender?s agents shall be applied ?rst to the costs of taking control of and managing the Property and collecting the Rents, including, but not limited to, attorney?s fees, receiver?s fees, premiums on receiver?s bonds, repair and maintenance costs, ins'urance premiums, taxes, assessments and othe charges on the Property, and then to the sums secured by the Security Instrument; Lender, Lender?s agents or will not perform, any act that would prevent Lender from exercising its rights under this paragraph. or Lender?s agents or a judicially appointed receiver, shall not be required to enter upon, take control of or maintain thggerty before or after giving notice of default to Borrower However, Lender, or Lender?s agents or a er represents and warrants that Borrower has not executed any prior assignment of the Rents and has not performe% judicially app receiver, may do so at any time when a default occurs. Any application of Rents shall not cure or waive any defa validate any other right or remedy of Lender. This assignment of Rents of the Property shall terminate when a%ns secured by the Security Instrument are paid in full. 1.- 1. CR0 -DEFAULT PROVISION. Borrower?s default or breach under any note or agreement in which 3; Lender has an interes@@ be a breach under the Security Instrument and Lender may invoke any of the remedies permitted by the Securl nstrument. BY SIGNING BELOW, Borro@ cepts and agrees to the terms and covenants contained 1n this 1 -4 Family Rider. Anthem LLC, a company -Borrower ?1 ffreMskind, anagmnber ?rema- MULTISTATE 1-4 FAMILY Mae/Freddie Mac UNIFORM INSTRUMENT Form 3170 1/01 (page 2 of 2 pages) lTn'ff? - A A CFN 20150417806 BOOK 27926 PAGE 1825 17 OF 24 PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this 6tlrl day of November, 2015, and is ted into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the Instrument?) of the same date, given by the undersigned (the ?Borrower?) to secure Borrower?s Note to Ne 9 Loans Residential, LLC (Series: Siskind), a Delaware limited liability company (the ?Lender?) of i. the te and covering the Property described in the Security Instrument and located at: ii ,0 (Lg) 3445 Santa Barbara Drive, Wellington, FL 33414 [Property Address] i ll The includes, but is not limited to, a parcel of land improved with a dwelling, together with other i such parcels an 'n common areas and facilities, as described in the Declaration of Covenants, Restrictions Easements for th ned Unit Development ?led in the Public Records of Palm Beach County. (the ?Declaration?). The Property 1.: part of a planned unit development know i" SOUTHFIELDS PAL ACH POLO and COUNTRY CLUB HOMEOWNERS ASSOCIATION, INC. [Name of Planned Unit Development] i (the The Property aging ludes Borrower?s interest in the homeowners association or equivalent entity owning or managing the comm grasyand facilities of the PUD (the ?Owners Association?) and the uses, bene?ts *2 and proceeds of Borrower?s inter PUD COVENANTS. In addition ovenants and agreements made in the Security Instrument,'Borrower and Lender further covenant and agree as A. PUD Obligations. Borrower shal -. orm all of Borrower?s obligations under the Constituent Documents. The ?Constituent Documents? a Declaration; (ii) articles of incorporation, trust instrument or i any equivalent document which creates the ?rs Association; and any by-laws or other rules or regulations 5 of the Owners Association. Borrower shall pr.y pay, when due, all dues and assessments imposed pursuant to the Constituent Documents. if B. Property Insurance. So long as the Owners Asso ion maintains, with a generally accepted insurance carrier, a ?master? or ?blanket? policy insuring the Prope is satisfactory to Lender and which provides insurance a coverage in the amounts (including deductible levels), for the periods, and against loss by ?re, hazards included within the term ?extended coverage,? and any other hazards, including, but not limited to, earthquakes and ?oods, . for which Lender requires insurance, then: Lender waives the provision in Section 3 for the Periodic Payment to Lender of the yearly premium installments for property insurance on the Property; and (ii) Borrower?s obligation under Section 5 to maintain property insurance coverage on the Property is deemed satis?ed to the extent that the required coverage is provided by the Owners Association policy. What Lender requires as a condition of this waiver can change during the term of the loan. Borrower shall give Lender prompt notice of any lapse in required property insurance coverage provided by the master or blanket policy. In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss to the Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and i shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the Security Instrument, whether or i not then due, with the excess, if any, paid to Borrower. C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to ensure that the Owners . Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender. CFN 20150417806 BOOK 27926 PAGE 1826 1. 18 OF 24 D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to Borrower in connection with any condemnation or other taking of all or any part of the Property or the common areas and ifher partition or subdivide the Property or consent to: the abandonment or termination of the PUD, - andonment or termination required by law in the case of substantial destruction by ?re or other casualty i; or in ase a taking by condemnation or eminent domain; (ii) any amendment to any provision of the i ?Constit ocuments? if the provision is for the express bene?t of Lender; termination of professional 35' managem assumption of self-management of the Owners Association; or (iv) any action which would have i the effect 0 ndering the public liability insurance coverage maintained by the Owners Association unacceptable to Lender. F. Remedies. ower does not pay PUD dues and assessments when due, then Lender may pay them. Any amounts disburs Lender under this paragraph shall become additional debt of Borrower secured by the Security . ess Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of ursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting nt. .. . BY SIGNING BELOW, @er accepts and the terms and covenants contained in this PUD Rider. Chance Anthem LLC, a company By: Jeffrey M. s?fgf?nd, Manag' MULTISTATE PUD Family-~Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3150 1/0] (page 2 of 2 pages) 994227 15:355." ?113?. A CFN 20150417806 BOOK 27926 PAGE 1827 19 OF 24 PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this 6th day of November, 2015, and is ted into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the Instrument?) of the same date, given by the undersigned (the ?Borrower?) to secure Borrower?s Note to xv? Loans Residential, LLC (Series: Siskind), a Delaware limited liability company (the ?Lender?) of ate and covering the Property described in the Security Instrument and located at: 0 3445 Santa Barbara Drive, Wellington, FL 33414 [Property Address] The @1 includes, but is not limited to, a parcel of land improved with a dwelling, together with other such parcels an in common areas and facilities, as described in the Declaration of Covenants, Restrictions Easements for ned Unit Development ?led in the Public Records of Palm Beach County. (the ?Declaration?). The Property/9am of a planned unit development know . PALM BEACH like? and COUNTRY CLUB PROPERTY OWNERS ASSOCIATION, INC. a [Name of Planned Unit Development] I i (the The Property #cludes Borrower?s interest in the homeowners association or equivalent entity i owning or managing the com okaband facilities of the PUD (the ?Owners Association?) and the uses, bene?ts and proceeds of Borrower?s inte V) PUD COVENANTS. In addition @venants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as s: A. PUD Obligations. Borrower Shawna all of Borrower?s obligations under the Constituent Documents. The ?Constituent Documents a Declaration; (ii) articles of incorporation, trust instrument or any equivalent document which creates the @rs Association; and any by?laws or other rules or regulations of the Owners Association. Borrower shall pr pay, when due, all dues and assessments imposed pursuant to the Constituent Documents. B. Property Insurance. So long as the Owners Asso ion maintains, with a generally accepted insurance carrier, a ?master? or ?blanket? policy insuring the is satisfactory to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss by ?re, hazards included within the term ?extended coverage,? and any other hazards, including, but not limited to, earthquakes and ?oods, for which Lender requires insurance, then: Lender waives the provision in'Section 3 for the Periodic Payment to Lender of the yearly premium installments for property insurance on the Property; and (ii) Borrower?s obligation under Section 5 to maintain property insurance coverage on the Property is deemed satis?ed to the extent that the required coverage is provided by the Owners Association policy. What Lender requires as a condition of this waiver can change during the term of the loan. Borrower shall give Lender prompt notice of any lapse in required property insurance coverage provided by the master or blanket policy. In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss to the Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to ensure that the Owners Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender. CFN 20150417806 BOOK 27926 PAGE 1828 20 OF 24 D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to Borrower in connection with any condemnation or other taking of all or any part of the Property or the common areas and ies of the PUD, or for any conveyance in lieu of condemnation, are hereby assigned and shall be paid to Such proceeds shall be applied by Lender to the sums secured by the Security Instrument as provided in l. er?s Prior Consent. Borrower shall not, except after notice to Lender and with Lender?s prior written ither partition or subdivide the Property or consent to: the abandonment or termination of the PUD, bandonment or termination required by law in the case of substantial destruction by ?re or other casualty or in case of a taking by condemnation or eminent domain; (ii) any amendment to any provision of the ?Constitue ocuments? if the provision is for the express bene?t of Lender; termination of professional managem assumption of self-management of the Owners Association; or (iv) any action which would have the effect 0 ndering the public liability insurance coverage maintained by the Owners Association unacceptable to Lender. F. Remedies. rrower does not pay PUD dues and assessments when due, then Lender may pay them. Any amounts disburs Lender under this paragraph shall become additional debt of Borrower secured by the Security Instrume . ss Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of ursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting nt. BY SIGNING BELOW, @wer acce agrees the terms and covenants contained in this PUD Rider. Chance Anthem LLC, limited liab' ty company By: Jeffrey M. Siskind, agin\I tie (Sat MULTISTATE PUD Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3150 1/0] gauge 2 of2 pages) 994227 ?l . ?es-93? CFN 20150417806 BOOK 27926 PAGE 1829 21 OF 24 PLANNED UNIT DEVELOPMENT RIDER 1: I Instrument?) of the same date, given by the undersigned (the ?Borrower?) to secure Borrower?s Note to 7 9 Loans Residential, LLC (Series: Siskind), a Delaware limited liability company (the ?Lender?) 0f err: 0 3445 Santa Barbara Drive, Wellington, FL 33414 i [Property Address] ii The includes, but is not limited to, a parcel of land improved with a dwelling, together with other 1 such parcels an 'n common areas and facilities, as described in the Declaration of Covenants, Restrictions g. Easements for ned Unit Development filed in the Public Records of Palm Beach County. (the ?Declaration?). 172*: The Property?art of a planned unit development know WELLING PROPERTY OWNERS ASSOCIATION, INC. [Name of Planned Unit Development] r. a 3% . ludes Borrower?s interest in the homeowners association or equivalent entity '?asgand facilities of the PUD (the ?Owners Association?) and the uses, bene?ts (the The Preperty owning or managing the commo and proceeds of Borrower?s inter PUD COVENANTS. In addition @venants and agreements made in the Security Instrument, Borrower and i Lender ?irther covenant and agree as f?sz A. PUD Obligations. Borrower shallgm all of Borrower?s obligations under the Constituent Documents. The ?Constituent Documents? a Declaration; (ii) articles of incorporation, trust instrument or any equivalent document which creates the ?rs Association; and any by?laws or other rules or regulations of the Owners Association. Borrower shall prc@y pay, when due, all dues and assessments imposed pursuant to the Constituent Documents. if B. Property Insurance. So long as the Owners Asso? 'on maintains, with a generally accepted insurance carrier, a ?master? or ?blanket? policy insuring the Prope is satisfactory to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss by fire, hazards included if within the term ?extended coverage,? and any other hazards, including, but not limited to, earthquakes and ?oods, for which Lender requires insurance, then: Lender waives the provision in Section 3 for the Periodic Payment to Lender of the yearly premium installments for property insurance on the Property; and (ii) Borrower?s obligation under Section 5 to maintain property insurance coverage on the Property is deemed satis?ed to the extent that the required coverage is provided by the Owners Association policy. lav??pr v! What Lender requires as a condition of this waiver can change during the term of the loan. it? Borrower shall give Lender prompt notice of any lapse in required property insurance coverage provided by the master or blanket policy. In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss to the . Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and i: shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the Security Instrument, whether or i not then due, with the excess, if any, paid to Borrower. 32/41. 1' C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to ensure that the Owners Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender. f' rmzfecmx. CFN 20150417806 BOOK 27926 PAGE 1830 22 OF 24 D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to Borrower in connection with any condemnation or other taking of all or any part of the Property or the common areas and fac' es of the PUD or for any conveyance in lieu of condemnation are hereby assigned and shall be paid to - i) Such proceeds shall be applied by Lender to the sums secured by the Security Instrument as provided in ectiuPrior Consent. Borrower shall not, except after notice to Lender and with Lender 3 prior written - er partition or subdivide the Property or consent to: the abandonment or termination of the PUD, bandonment or termination required by law 1n the case of substantial destruction by ?re or other casualty or in case of a taking by condemnation or eminent domain; (ii) any amendment to any provision of the ?Constitue ocuments? if the provision is for the express bene?t of Lender; termination of professional managem assumption of self-management of the Owners Association; or (iv) any action which would have the effect 0 ndering the public liability insurance coverage maintained by the Owners Association unacceptable to Lender. F. Remedies. amounts disburs rrower does not pay PUD clues and assessments when due, then Lender may pay them. Any Lender under this paragraph shall become additional debt of Borrower secured by the Security Instrume . ss Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of ursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting nt. BY SIGNING BELOW, @wer accepts and agrees to the terms and covenants contained in this PUD Rider. Chance Anthem LLC, a ited liability umpany By: Jeffrey M.?1skind, Mana in @a ?3 MULTISTATE PUD Familwaannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3150 1/01 gouge 2 of 2 pages) 994227 Tanap-v-CFN 20150417806 BOOK 27926 PAGE 1831 23 OF 24 PLANNED UNIT DEVELOPMENT RIDER THIS PLANNED UNIT DEVELOPMENT RIDER is made this 6th day of November, 2015, and is ted into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the Instrument?) of the same date, given by the undersigned (the ?Borrower?) to secure Borrower?s Note to Ne QLoans Residential, LLC (Series: Siskind), a Delaware limited liability company (the ?Lender?) of the te and covering the Property described in the Security Instrument and located at: 0 Egg) 3445 Santa Barbara Drive, Wellington, FL 33414 [Property Address] The includes, but is not limited to, a parcel of land improved with a dwelling, together with other such parcels an common areas and facilities, as described in the Declaration of Covenants, Restrictions Easements for th ned Unit Development ?led in the Public Records of Palm Beach County. (the ?Declaration?). The Property 1.5 a part of a planned unit development know SECOND WELLINGTON INC. [Name of Planned Unit Development] (the The Property a J) ludes Borrower?s interest in the homeowners association or equivalent entity asoand facilities of the PUD (the ?Owners Association?) and the uses, bene?ts owning or managing the commok Y. and proceeds of Borrower?s inter PUD COVENANTS. In addition tog? ovenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as A. PUD Obligations. Borrower shallgm all of Borrower?s obligations under the Constituent Documents. The ?Constituent Documents? a Declaration; (ii) articles of incorporation, trust instrument or any equivalent document which creates the rs Association; and any by-laws or other rules or regulations of the Owners Association. Borrower shall pr pay, when due, all dues and assessments imposed pursuant to the Constituent Documents. if B. Property Insurance. So long as the Owners 'on maintains, with a generally accepted insurance carrier, a ?master? or ?blanket? policy insuring the Prope is satisfactory to Lender and which provides insurance coverage in the amounts (including deductible levels), for the periods, and against loss by ?re, hazards included within the term ?extended coverage,? and any other hazards, including, but not limited to, earthquakes and ?oods, for which Lender requires insurance, then: Lender waives the provision in Section 3 for the Periodic Payment to Lender of the yearly premium installments for property insurance on the Property; and (ii) Borrower?s obligation under Section 5 to maintain property insurance coverage on the Property is deemed satis?ed to the extent that the required coverage is provided by the Owners Association policy. What Lender requires as a condition of this waiver can change during the term of the loan. Borrower shall give Lender prompt notice of any lapse in required property insurance coverage provided by the master or blanket policy. In the event of a distribution of property insurance proceeds in lieu of restoration or repair following a loss to the Property, or to common areas and facilities of the PUD, any proceeds payable to Borrower are hereby assigned and shall be paid to Lender. Lender shall apply the proceeds to the sums secured by the Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. C. Public Liability Insurance. Borrower shall take such actions as may be reasonable to ensure that the Owners Association maintains a public liability insurance policy acceptable in form, amount, and extent of coverage to Lender. CFN 20150417806 BOOK 27926 PAGE 1832 24 OF 24 D. Condemnation. The proceeds of any award or claim for damages, direct or consequential, payable to Borrower in connection with any condemnation or other taking of all or any part of the Property or the common areas and ies of the PUD, or for any conveyance in lieu of condemnation, are hereby assigned and shall be paid to - . a 3-) Such proceeds shall be applied by Lender t0 the sums secured by the Security Instrument as provided in \oecti . 1. ger?s Prior Consent. Borrower shall not, except after notice to Lender and with Lender?s prior written .. ither partition or subdivide the Property or consent to: the abandonment or termination of the PUD, exce l? pbandonment or termination required by law in the case of substantial destruction by ?re or other casualty or in case of a taking by condemnation or eminent domain; (ii) any amendment to any provision of the ?Constitchuments? if the provision is for the express bene?t of Lender; termination of professional managem assumption of self?management of the Owners Association; or (iv) any action which would have the effect 0 ndering the public liability insurance coverage maintained by the Owners Association unacceptable to Lender. F. Remedies. rrower does not pay PUD dues and assessments when due, then Lender may pay them. Any amounts disburs Lender under this paragraph shall become additional debt of Borrower secured by the Security ess Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of ursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting nt. BY SIGNING BELOW, wer accents and agrees to the terms and covenants contained in this PUD Rider. (92/ Chance Anthem LLC .. '1 By: Jeffrey-Nfsmund, MULTISTATE PUD Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3150 1/01 page 2 of 2 pages) 994227