FILED: ALBANY COUNTY CLERK 06/15/2021 12:24 PM
`FILED: ALBANY COUNTY CLERK 06/15/2021 12:24 P
`NYSCI EF DOC. NO. 19
`NYSCEF DOC. NO. 19
`
`
`INDEX NO.
`900016-20
`INDEX NO. 900016-20
`
`
`
`
` ED NYSCI
`EF’:
`06/15/2021
`RECEIVED NYSCEF: 06/15/2021
`
`B
`EXHIBIT
`EXHIBIT B
`
`

`

`FILED: ALBANY COUNTY CLERK 06/15/2021 12:24 PM
`NYSCEF DOC. NO. 19
`
`INDEX NO. 900016-20
`
`RECEIVED NYSCEF: 06/15/2021
`
`IlaáNo.:
`
`NOTE
`RATE
`ADJUSTABLE
`(IJBORSix-MonthIndex(AsPublishedIn theWall5treerlonma4- RateCaps)
`THISNOTECONTAINSPROVISIONSALLOWINGFORCHANGESINMYINTERESTRATEANDMY
`MONTHLYPAYMENT.THISNOTELIMITSTHEAMOUNTMYINTERESTRATECANCHANGEAT
`ANY0NETIMEANDTHEMAXIMUMRATEI MUSTPAY.
`
`|
`
`October 6. 2005
`IDmI
`
`I t vine
`Icitrj
`
`Cali forni a
`.|smm)
`
`315 DELAWAREAVE.ALBANY,NY 12209
`(PrepsyAddres]
`
`1. BORROWER'SPROMISETOPAY
`(thisamountiscalled
`Inretumforalam&atI havereceived,1promisetopayU.S.$142.722.00
`INC.. A DELAWARECORPORATION
`*Principal'),plusinterest,totheonierofLeader.LenderisBNCNORTGAGE,
`
`I willmakeallpaymentsundertis Noteintheformofcash,checkormoneyorder.
`I understandthatLeadermaytransferthisNote.LenderoranyonewhotakesthisNotebytransferandwhoisentitled
`loreceivepaymentsunderthisNoteiscalledthe"NoteHolder."
`
`2. INTEREST
`InterestwillbechargedonanpaidprincipalantilthefullamommofPrincipalhasbeenpaid.I will payinterestata
`7.850%.1heimerestrateI willpaymaychangeinaccordancewithSection4ofthisNote.
`yeadyrateof
`TheinterestraterequiredbythisSection2 andSection4of thisNoteistherateI will paybothbeforeandafterany
`defaultdescribedinSection7(B)ofthisNote.
`
`3. PAYMENTS
`(A)ThneandPlaceofPayments
`I willpayprincipalandintenstbymakingapaymenteverymomh.
`I willmakemymonthlypaymatsonthefirstdayofeachmonthbeginningonGecember1. 2D05
`.
`I will makethesepaymentseverymemhuntilI havepaidall of theprincipalandinterestandanyothercharges
`describedbelowthatI mayoweunderthisNote.Eachmonthlypaymentwillbeappliedasofitsscheduledduedateandwill
`, I stilloweamoumsunderthis
`beappliedtointerestbeforePrincipal.If, onNovember1, 2035
`Note,I willpaythoseamomusinfullonthatdate,whichiscalledthe"MaturityDate."
`I willmakemymonthlypaymentsat00HC.Attn: Payment Processing. P.0. Box44042.
`Jacksonvil1e. FL. 32231-4042
`oratadifferentplaceif requiredbytheNoteHolder.
`(B)AmountofMyInitialMonthlyPayments
`EachofmyinitialmonthlypaymentswillbeintheamamtofU.S.$I, 032.36
`maychange.
`(C)MonthlyPaymentChanges
`ChangesinmymonthlypaymentwillreflectchangesintheunpaidprincipalofmyloanandintheinterestratethatI
`nestpay.TheNoteHolderwill determinemynewimerestrse andthechangedamountof mymonthlypaymentin
`accordancewithSection4ofthisNote.
`
`. Thisamoum
`
`INUEX(ABPUBLENEDIN1NEWALLSTREETJOURNAL).
`NEWYORKAD.IUSTABLERATENOTE-LIBOR81X410NTH
`SingleFamily-FanniaMaeUNIFORMINSTRUMENT
`Form35201/01
`38N(o2101
`fQRMs-180D152N291
`WMPMeRTGAoE
`¾ndr
`
`Page1cl4
`
`

`

`FILED: ALBANY COUNTY CLERK 06/15/2021 12:24 PM
`NYSCEF DOC. NO. 19
`
`INDEX NO. 900016-20
`
`RECEIVED NYSCEF: 06/15/2021
`
`6th
`
`4. INTEREIfRA1EANDMONTHLYPAYMENTCHANGES
`(A)ChangeDates
`, andonthatdayevery
`he imerestrateI willpaymaychangeonthefirstdayofNovember.2007
`mondtthereafter.Eachdateonwhichmyinterestratecouldchangeiscalleda"ChangeDate."
`(B)h Index
`.
`Beginningwiththefat ChangeDate,myinterestratewillbebasedonanIndex,De "Index"istheaverageofinterbank
`offeredratesforsixmonthUSdollar-denominateddepositsintheLondonmarket("LIBOR")basedonquotationsofmajor
`Rates"sectionof‰Wall5rreetJournalhe mostrecentindexfigureavailableasofthe
`banks,aspublishedinthe"Money
`Index."
`date45daysbeforeeachChangeDateoccursiscalledthe"Current
`If theIndexis nolongeravailable,theNoteHolderwill choosea newindexthatis baseduponcomparable
`information.he NoteHolderwillgivemenoticeofthischoice.
`(C)CalculationofChanges
`BeforeeachChangeDare,theNoteHolderwillcalculatemynewinterestratebyaddingF1veAnd.650/1000
`5.650%)totheCurrent
`percentagepoints(
`Index.TheNoteHolderwill thenroundtheresultof thisadditionto thenearestone-eighthof onepercentagepoing
`tothelimitsstatedinSection4(D)below,thisroundedamountwillbemynewinterestrateuntilthenext
`(0.125%).Subject
`ChageDate.
`TheNoteHolderwillthendeterminetheamamiofthemomhlypaymentthatwouldbesufl!cienttorepaytheunpaid
`principalthatI amexpectedtooweattheChangeDateinfullontheMamrityDmeatmynewinterestrateinsubstantially
`equalpayments.TheresultofthiscalculationwillbeGenewamountofmymonthlypayment.,
`(D)LimitsonIntenutRateChangs
`10.860%
`ne interearatel amrequiredtopayatthefirstChangeDatewillnotbegreaterthe
`7.850%.Thereafter,myinterestratewillneverbeincreasedordecremedonanysingle
`orlessthan
`1.00 %)
`ChangeDatebymorethanone
`percentagepoint(s)(
`months.Myinterest'ratewillneverbegreater
`fmmtherateofinterenIlavebeenpayingforthepreceding6
`14.850%,orlessthan 7.850
`than
`(E)EffectiveDateofChangs
`MynewimerestratewillbecomeeffectiveoneachChangeDate.I willpaytheamountofmynewmonthlypayment
`beginningonthefmtmonthlypaymentdateaftertheQiangeDateuntiltheamountofmymonthlypaymentchangesagain.
`(5)NoticeofChanges
`TheNoteHolderwilldeliverormailtomeanoticeofanychangesinmyinterestrateandtheamountofmymonthly
`paymentbeforetheeffectivedateofanychange.Thenoticewillincludeinformationrequiredbylawtobegiventomead
`alsothetitleandtelephonenumberofapersonwhowillansweranyquestionI mayhaveregardingthenotice.
`5. BORROWER'SRIGHTTOPREPAY
`I havetherighttomakepaymentsofPrincipalatanytimebeforetheyaredue.A paymentofPrincipalonlyisknown
`asa "Prepaymem."WhenI makea Prepayment,
`I will telltheNoteHolderin writingthatI amdoingm. I maynot
`if Ihavenotmadeallibemonthlypaymentsdueunderthis.Note.
`designateapaymemasaPmpayment
`I maymakeafullPrepaymentorpartialPrepaymentswithoutpayinganyPrepaymentcharge.TheNoteHolderwill
`usemyPrepaymentstoreducetheanmuntofPrincipalthatI oweunderthisNote.However,theNoteHoldermayapplymy
`totheaccruedandunpaidinterestonthePrepaymentamountbeforeapplyingmyPrepayment
`Prepayment
`toreducethe
`PrincipalamountofthisNote.If I makeapartialPapayment,therewill benochangesin theduedatesof mymonthly
`paymentsunlesstheNoteHolderagreesinwritiligtothosechanges.MypatialPrepaymentmayreducetheamountofmy
`monthlypaymentsafterthefirstOlangeDatefollowingmypatialPrepayment.However.anyreductionduetomyputial
`Prepaymentmaybeoffsetbyaninterstroleincrease.
`6. IDANCHARGES
`If alaw,whichappliestothisIoanandwhichsetsmaximumloancharges,isfinallyinterpretedsothattheinterestor
`otherloanchargescollectedor tobecollectedinconnectionwiththisloanexceedthepermittedlimits,then:(a)anysuch
`loanchuy shallbereducedbytheamountnecessaytoreducethechargerothepermittedlimit;and(b)anysumsalready
`collectedfrommethatexceededpermittedlimitswillberefundedtome.he NoteHoldermaychoosetomakethisrefund
`byreducingthePrincipalI oweunderthisNoteorbymakingadirectpaymenttome.If arefundreducesPrincipal,the
`eductionwillbetreatedasapartialPrepayment.
`
`%.
`
`3aNaniol
`
`Paga2el4
`
`Fama52 1 1
`
`

`

`FILED: ALBANY COUNTY CLERK 06/15/2021 12:24 PM
`NYSCEF DOC. NO. 19
`
`INDEX NO. 900016-20
`
`RECEIVED NYSCEF: 06/15/2021
`
`7. BORROWER'SFA1LURETOPAYASREQUIRED .
`(A)LateChargefor0mduePayngents
`1ftheNoleHolderhasnotreceivedthefullamountofanymonthlypaynentbytheendof 15
`calendsdaysaRerthedueit isdue,I will paya hteclungeto IbeNoteHolder.1heamountof theelungewill be
`2 %ofmyoverduepaymatofprincipalamlinaxest.I willpayeislainthargeinemptlybut
`onlyonceoncachlatepaynmat.
`(B)Default
`If I donotpaymefullamountofeachmemblypaymatonthedueit isdue,1willbeindefault,
`(C)NoticeofDefault
`If I amIndefault,theNoteHoldermaysendas awrittennodcetellingmethatif I donotginytheoverdueamountby
`acottaindate,theNoteHoldermaysegåemetopayimmedialelythefullamontof Principalthshasnotbempaidand
`alltheinterenttheI oweonilut amout.'1hatdmemetbeatleast30daysaferthedaleonwhichthenoticeismalledto
`meordelivesedbyethermeans.
`(D)NoWaiverByNoteHalder
`Evenif, atatimewhenI anindefauk,theNmeRolderdoesnotequiremetopayim=Iiely infullasdescribed
`above,theNoteHolderwillmill)ave9erightmdosoif I amindefakatalmeriime.
`(E)PlñmentofNoteHolder'sCoatsandExpenses
`If theNoteHolderhasrequiredmetopayimmedialelyin fullmdesaibedabove,theNoleHolderwillhavetheright
`tohepaidbackbymeforallofitscostsad expemesinenicacingthisNe toIIseatentnotpmhibitedbyapplicablelaw.
`Thoseexpenminclude,forexample,reannableattomeys'fees.
`8. GIVINGOFN011CllS
`Unlenspplicablelawrequiresadifferentmethod,mynoticethatmustbeginntomeanderthisNotewillbegivenby
`deliveringit orbyumilingit byfist clasmailtomeatthePropertyAdthessaboveora adifferentaddrenif I givethe
`NoteHolderanoticeofmydiffemntaddnss.
`UnlestheNa Holderrequiresadiffematmethod,anynodcethatass begiventotheNotelbder underthisNote
`willbegivenbynudlingk byfirmcbnsmailtotheNoleIIokleratthealdressatatedinSection3(A)aboveoratadiffnent
`addressif Isa givenanoticeofthatdifferentaddess.
`
`9. OBLIGATIONSOFPERSONSUND11R111I5NOlE
`If morethanonepersonsignsthisNote,cachpenonisinllyandpmendlyobligagedtokeppallofthepmmisesnude
`inthisNe, includingthepromisempaythefullamotatomed.Anyyenonwhoisagunauler.muctyorendonerofthis
`Noteisalsoobligatedto dothesethings.Anypenonwhotakesoverthesechligation,includingtheobligationof a
`guaramar,mretyorendorrerofthisNote,isalsooblignedtokeepallofthepmminesnudeinmisNole.TheNoteHolder
`inayenfœceitsrightsunlerthisNoteagainaeachpenenimrivilhaByoragainnallofustogether.Thismeansthatanyone
`ofusnayberequiredtopayalloftheamounsowedumlertis Ne.
`10.WAIVERS
`I andanyolberpermawhohe obligniomnuleralsNotewaivederightsofPreseementandNoticeofDiahonor.
`"Psentment"memsthenighttompsetheNoteHoldertodemandpaymemofamountsdue.."NodceofDigbonor"meam
`merightlorequireIheNoteHublertogivenoticetootherpmonst1stamrmmeduebavenotbumpaid.
`
`II.UNEORMSACUREDNDIE
`ThisNoteisauniformknaumentwithlimitedvmiationsinsomejurisdictions.Inadditionmtheprotectionsgivenlo
`theNmeHolderunderthisNme,aMortgage,DeedofTint, orSecurityDeedGhe"Seemity1stnunent"),dentthesame
`dalemthisNe, protectstheNoteHolderfrompuniNelossesthatniigbimultif I donotImep1bepmmisesthatI makein
`thisNo. ThatSecurityIntrumemdescrileshowandeaderwhattomlitionsI maybemjuiredtomakeimmediatepayment
`infullofallammmisI oweunderthisNote.Someofthoseeniulielnntinadmfollows
`
`3AN 15
`
`Psgs2el4
`
`Fenn36
`
`1
`
`

`

`FILED: ALBANY COUNTY CLERK 06/15/2021 12:24 PM
`NYSCEF DOC. NO. 19
`
`INDEX NO. 900016-20
`
`RECEIVED NYSCEF: 06/15/2021
`
`TransferoftheFropertyoraBeneGelal
`InterestinBorrower.AsusedinthisSectionI8, 'Interestinthe
`Property"meansanylegalorbeneficial
`interestintheProperty,including,butnotlimited:to,thosebeneficial
`intereststransferredin abondfordeed,contractfordeed,installmentsalescontractorescrowagreement,
`the
`IntentofwhichisthetransferoftitlebyIlormweratafuturedatetoapurchaser.
`If allormypartofIkePropertyoranyInterestinthePropertyissoldortransferred(orif Borrowerisnota
`naturalpersonandabeneficial
`interestinBorrowerissoldortransferred)withoutknder'spriorwrittenconsent,
`Leadermayrequireimmediatepaymentin fullofallsumssecuredbythisSecurityinstmment.However,this
`optionsha)InotbeexercisedbyInder if achexerciseisprohibitedbyApplicableLaw.Lenderalsoshallnot
`exercisethisoptionif: (a)BorrowercausestobesubmittedtoI.enderinformationrequiredbyInder toevaluate
`theintendedtransfereeasif anewlomwerebeingmadetothetransferee;and(b)I.enderreasonablydetermines
`thatInder'sseceitywillnotbeimpairedbytheloanassumptionandthattheriskofabreachofanycovenantor
`•
`inthisSecurityInstrument
`agreement
`isacceptabletoLender.
`TotheextentpermittedbyApplicableLaw,ImdermaychargeareasonablefeeasaconditiontoLeader's
`consenttotheloanassumption.knderalsomayrequirethetransfereetosignanassumptionagreement
`thatis
`acceptabletoLenderandthatobligatesthetramfereetokeepallthepmmisesandagreementsmadeintheNote
`andin thisSecurityInstrument.Bormwerwill continueto beobliptedundertheNoteandthisSecurity
`InstrumentunlessInder releasesBormwerinwriting.
`If lader exercisestheoptiontorequimimmediatepaymentinfull,I.endershallgiveBormwernoticeof
`acceleration.
`'Ihenoticeshallpmvideaperiodof notlessthm30daysfromthedatethenoticeis givenin
`accordancewithSection15withinwhichBormwernmstpayall sumssecuredbythisSecurityInstrument.If
`Ilorrowerfailstopaythesesumspriortotheexpirationofthisperiod,Lendermayinvokeanyremediespermined
`bythisSecmityInstrumentwithoutfurthernoticeordemandonBormwer.
`
`WITNESSTHEHANMSANDSEAL(S)OFTHEUNDERSIGNED.
`
`ROYPERN
`
`(Seali
`-aommr
`
`(Seal)
`Amwer
`
`(test)
`-Bonewer
`
`(Sral)
`-Bormwar
`
`(W)
`-Bonoma
`
`(Seal)
`-Bommr
`
`(Seal)
`-Benanr
`
`(Scal)
`-Bomma
`
`[5ignOriginalQaty]
`
`on4
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`Fona352011o1
`
`a
`
`

`

`FILED: ALBANY COUNTY CLERK 06/15/2021 12:24 PM
`FILED: ALBANY COUNTY CLERK 06/15/2021 12:24 P
`
`NYSCEF DOC. NO. 19
`NYSCEF DOC. NO. 19
`
`
`INDEX NO. 900016-20
`INDEX NO. 900016-20
`,
`
`
`
`
`
`RECEIVED NYSCEF: 06/15/2021
`RECEIVED NYSCEF: 06/15/2021
`
`APPLICATIONNUMBER:
`APPUCATIONNUMBER:
`BORROWERSNAME:
`BORROWERS NAME:
`BORROWERSADDRESS:
`BORROWERS ADDRESS:
`
`TAH ROOfhs
`PEeMAAL, Roy
`
`|0
`
`PAYTOTHEORDEROF:
`PAY TO THE ORDER OF:
`
`
`
`
`/
`
`O
`
`ENCMORTGAGE, INC.
`BNC MORTGAGE,INC,
`
`LORFSMARTDEZ
`ORES MARTINEZ
`ASST.VICEPRESIDENT
`ASST. VICE PRESIDENT
`
`