FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`MONROE COUNTY CLERK’S OFFICE
`
`RECEIVED NYSCEF: 10/04/2019
`THIS IS NOT A BILL. THIS IS YOUR RECEIPT.
`
`INDEX NO. E2018007747
`
`Return To:
`SARA Z. BORISKIN
`
` NATIONSTAR MORTGAGE LLC D/B/A CHAMPION
`MORTGAGE COMPANY
`
`Receipt # 2231173
`
`Book Page CIVIL
`
`No. Pages: 54
`
`Instrument: MISCELLANEOUS DOCUMENT
`
`Control #:
`Index #:
`
`201910040860
`E2018007747
`
`Date: 10/04/2019
`
`Time: 2:31:10 PM
`
` DOE, JOHN
` HEIRS AND DISTRIBUTEES OF THE ESTATE OF WILLIE
`SHEPARD
` SECRETARY OF HOUSING AND URBAN DEVELOPMENT
` UNITED STATES OF AMERICA - INTERNAL REVENUE
`SERVICE
` NEW YORK STATE DEPARTMENT OF TAXATION AND
`FINANCE
`Total Fees Paid:
`
`$0.00
`
`Employee:
`
`State of New York
`
`MONROE COUNTY CLERK’S OFFICE
`WARNING – THIS SHEET CONSTITUTES THE CLERKS
`ENDORSEMENT, REQUIRED BY SECTION 317-a(5) &
`SECTION 319 OF THE REAL PROPERTY LAW OF THE
`STATE OF NEW YORK. DO NOT DETACH OR REMOVE.
`
`ADAM J BELLO
`
`MONROE COUNTY CLERK
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`Index # : E2018007747
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`Index #: E2018007747
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`SUPREME
`COUNTY
`
`OF THE STATE
`COURT
`OF MONROE
`
`OF NEW YORK
`
`NATIONSTAR
`MORTGAGE
`
`MORTGAGE
`COMPANY,
`
`LLC
`
`D/B/A
`
`CHAMPION
`
`vs.
`
`Plaintiff,
`
`AFFIDAVIT
`AMOUNTS
`
`OF MERIT
`DUE
`
`AND
`
`Index
`
`No. E2018007747
`
`Address:
`Property
`135 ASHWOOD
`ROCHESTER,
`
`DRIVE
`NY 14609
`
`in
`
`in
`
`AND DISTRIBUTEE
`SHEPARD
`ROCHELLE
`AS HEIR
`SHEPARD
`OF THE ESTATE
`and if
`if
`OF WILLIE
`living,
`she/he
`be dead,
`any and all persons
`unknown
`to plaintiff,
`claim to have
`an interest
`in, or
`or who may
`claiming
`or specific
`the real property
`described
`lien
`upon
`general
`herein
`such
`this
`unknown
`persons
`action;
`being
`generally
`in the following
`described
`and intended
`to be included
`namely:
`the wife,
`husband,
`widower,
`widow,
`designation,
`next
`of kin,
`heirs
`at
`executors,
`descendants,
`law,
`trustees,
`devisees,
`legatees,
`creditors,
`administrators,
`and assignees
`of such
`deceased,
`lienors,
`committees,
`any
`or
`interest
`title
`to
`and all persons
`in or
`lien
`upon,
`deriving
`or either
`of
`through
`or under
`said
`real
`them,
`by,
`property
`and their
`respective
`husbands,
`wives,
`widows,
`them,
`heirs
`at
`next
`of kin,
`descendants,
`executors,
`widowers,
`law,
`trustees,
`administrators,
`legatees,
`creditors,
`devisees,
`all of whom and whose
`lienors
`and assigns,
`committees,
`except
`as stated,
`are unknown
`to plaintiff;
`names,
`ROBERT
`SHEPARD
`AND DISTRIBUTEE
`OF
`AS HEIR
`THE ESTATE
`SHEPARD
`and if
`OF WILLIW
`if
`living,
`unknown
`to plaintiff,
`she/he
`be dead,
`any and all persons
`an interest
`claim to have
`in, or
`or who may
`described
`lien
`the real property
`or specific
`upon
`herein
`such
`persons
`unknown
`generally
`being
`to be included
`in the following
`and intended
`namely:
`the wife,
`husband,
`widower,
`widow,
`designation,
`next
`of kin,
`heirs
`at
`executors,
`descendants,
`law,
`trustees,
`devisees,
`legatees,
`creditors,
`administrators,
`and assignees
`of such
`deceased,
`any
`lienors,
`committees,
`title
`to
`or
`lien
`and all persons
`interest
`in or
`upon,
`deriving
`or either
`of
`through
`or under
`said
`real
`them,
`by,
`property
`and their
`respective
`husbands,
`widows,
`wives,
`them,
`heirs
`at
`next
`of kin,
`descendants,
`executors,
`widowers,
`law,
`trustees,
`administrators,
`devisees,
`legatees,
`creditors,
`all of whom and whose
`lienors
`and assigns,
`committees,
`are unknown
`to plaintiff;
`except
`as stated,
`names,
`UNKNOWN
`OF THE
`AND DISTRIBUTEES
`HEIRS
`
`claiming,
`general
`this
`action;
`described
`
`IIllIII
`18-199251
`
`IIIllIIIIIMI[HIN#Ill
`- KoR
`
`1111111111Ill111111K1111111111AIllKI
`
`101II|HillKIllIIIKlIKIIH
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`ESTATE
`unknown
`an interest
`
`property
`being
`included
`
`designation,
`heirs
`at
`
`law,
`
`SHEPARD
`OF WILLIE
`any and all persons
`claim to have
`or who may
`to plaintiff,
`claiming,
`or specific
`in, or general
`lien
`upon
`the real
`described
`in this
`such
`unknown
`persons
`action;
`herein
`described
`and intended
`to be
`generally
`in the following
`namely:
`the wife,
`of kin,
`next
`husband,
`widower,
`widow,
`descendants,
`executors,
`administrators,
`devisees,
`legatee::,
`and assignees
`of
`creditors,
`trustees,
`committees,
`lienors,
`interest
`in or
`such
`any and all persons
`deceased,
`deriving
`through
`or under
`lien
`or
`title
`to said real
`by,
`upon,
`property
`or either
`of
`and their
`respective
`them,
`them,
`wives,
`next
`of kin,
`heirs
`at
`law,
`widowers,
`husbands,
`widows,
`legatees,
`descendants,
`executors,
`administrators,
`devisees,
`all of
`lienors
`and assigns,
`creditors,
`trustees,
`committees,
`whom and whose
`except
`as stated,
`are unknown
`names,
`SECRETARY
`OF HOUSING
`AND URBAN
`plaintiff;
`OF AMERICA
`DEVELOPMENT;
`UNITED
`STATES
`NEW YORK
`REVENUE
`INTERNAL
`STATE
`SERVICE;
`DEPARTMENT
`OF TAXATION
`AND FINANCE;
`KEYBANK
`NATIONAL
`ASSOCIATION
`F/K/A
`OF NEW YORK NATIONAL
`BANK
`ASSOCIATION,
`
`to
`
`-
`
`KEY
`
`DOE #1"
`through
`fictitious
`names
`being
`intended
`or parties
`or corporations,
`upon
`in or
`lien
`
`DOE #12,"
`the last
`"JOHN
`to plaintiff,
`and unknown
`the tenants,
`occuijants,
`being
`an
`or claiming
`if any,
`having
`the premises,
`described
`in the
`
`the
`
`"JOHN
`twelve
`persons
`persons
`interest
`complaint,
`
`Defendants.
`
`ss.
`
`) )
`
`)
`
`STATE
`
`OF
`
`Te.yJAC
`
`COUNTY
`
`OF
`
`63
`
`QQ
`
`Blaze
`
`n
`
`, being
`
`duly
`
`sworn,
`
`deposes
`
`and says:
`
`1.
`
`I am a/an
`
`Assistant
`
`Secretary
`
`of NATIONSTAR
`
`MORTGAGE
`
`LLC D/B/A
`
`CHAMPION
`
`MORTGAGE
`
`COMPANY
`
`("Champion"
`
`or
`
`"PLAINTIFF"),
`
`and
`
`have
`
`personal
`
`knowledge
`
`of
`
`the facts
`
`stated
`
`herein.
`
`18-199251
`
`- KoR
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`index
`#: E2018007747
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`2.
`
`In the regular
`
`performance
`
`of my job
`
`functions,
`
`I have
`
`access
`
`to and am familiar
`
`with
`
`the
`
`business
`
`records
`
`relating
`
`to the servicing
`
`of
`
`the mortgage
`
`loan
`
`at
`
`issue
`
`in this
`
`action.
`
`Champion
`
`keeps
`
`certain
`
`business
`
`records
`
`pertaining
`
`to acts,
`
`transactions,
`
`occurrences,
`
`and events
`
`regarding
`
`and
`
`pertaining
`
`to
`
`the
`
`inortgagc
`
`loan
`
`·accennis
`
`Champion
`
`services.
`
`Those
`
`business
`
`records
`
`are
`
`made
`
`and
`
`maintained
`
`in
`
`the
`
`regular
`
`course
`
`of
`
`Champion's
`
`business
`
`and
`
`include
`
`data
`
`related
`
`to
`
`compilations,
`
`imaged
`
`documents
`
`payment
`
`and
`
`expenditures
`
`on
`
`loans,
`
`as well
`
`as
`
`collateral
`
`loan
`
`documents
`
`such
`
`as mortgages,
`
`notes,
`
`name
`
`documents,
`
`and other
`
`records.
`
`Records
`
`of
`
`such
`
`acts,
`
`transactions,
`
`occurrences,
`
`and
`
`events
`
`are made
`
`at or near
`
`the
`
`time
`
`by-or
`
`from
`
`informdõñ
`
`transmitted
`
`by-a
`
`person
`
`with
`
`knowledge.
`
`To the extent
`
`that
`
`the business
`
`records
`
`of
`
`the loan
`
`in this matter
`
`were
`
`created
`
`by a prior
`
`servicer,
`
`those
`
`records
`
`have
`
`been
`
`incorporated
`
`into
`
`Champica's
`
`and relied
`
`upon
`
`course
`
`of
`
`business
`
`records
`
`by Champion
`
`in the regular
`
`its-day
`
`to day
`
`business
`
`operations.
`
`3.
`
`This
`
`is
`
`an
`
`action
`
`seeking
`
`to
`
`foreclose
`
`a reverse
`
`mortgage
`
`upon
`
`residential
`
`property
`
`located
`
`at 135 ASHWOOD
`
`DRIVE,
`
`ROCHESTER,
`
`NY 14609
`
`("Premises").
`
`4. WILLIE
`
`SHEPARD
`
`AND
`
`SANDRA
`
`SHEPARD
`
`("Borrower(s)")
`
`executed
`
`a
`
`note
`
`("Note"),
`
`secured
`
`by a Mortgage
`
`("Mortgage"),
`
`and a Loan
`
`Agreement
`
`(the
`
`"Loan
`
`Agreement"),
`
`all
`
`dated
`
`April
`
`13, 2006,
`
`in favor
`
`of COMMUNITY
`
`HOME EQUITY
`
`CONVERSION
`
`CORP,
`
`the
`
`and
`
`conditions
`
`of
`
`the reverse
`
`mortgage
`
`in favor
`
`of COMMUNITY
`
`setting
`
`forth
`
`terms
`
`loan,
`
`HOME EQUITY
`
`CONVERSION
`
`CORP..
`
`The
`
`Loan
`
`Agreement,
`
`tóp,cther
`
`with
`
`the Note
`
`and
`
`Mortgage,
`
`are collectively
`
`referred
`
`to hereinafter
`
`as the
`
`"Loan
`
`Documcats."
`
`A copy
`
`of
`
`the Loan
`
`Documents
`
`are
`
`annexed
`
`hereto
`
`as Exhibit
`
`"A".
`
`5.
`
`The Mortgage
`
`was
`
`recorded
`
`on April
`
`19, 2006,
`
`at Book
`
`20411
`
`Page
`
`484,
`
`in the Office
`
`the Clerk
`
`of
`
`the
`
`County
`
`of Monroe,
`
`State
`
`of New York.
`
`The Mortgage
`
`was
`
`transferred
`
`SEATTLE
`
`MORTGAGE
`
`COMPANY
`
`and said transfer
`
`was memorialized
`
`by an Assignment
`
`of
`
`to
`
`of
`
`18-199251
`
`- KoR
`
`

`

`^
`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`T
`
`Mortgage
`
`executed
`
`on April
`
`13, 2006.and
`
`recorded
`
`April
`
`19, 2006
`
`in Book
`
`01542
`
`Page
`
`0354.
`
`The
`
`Mortgage
`
`was
`
`transferred
`
`.to BANK
`
`OF
`
`AMERICA,
`
`N.A.
`
`and
`
`said
`
`transfer
`
`was
`
`memorialized
`
`by an Assig-ent
`
`of Mortgage
`
`executed
`
`on June
`
`27,
`
`2007
`
`and
`
`recorded
`
`July
`
`12,
`
`2007
`
`in Book
`
`01577
`
`Page
`
`0380.
`
`The Mortgage
`
`was
`
`tramsferred
`
`to BANK
`
`OF AMERICA,
`
`N.A.
`
`and
`
`said
`
`transfer
`
`was memorialized
`
`by an Assignment
`
`of Mortgage
`
`executed
`
`on March
`
`8, 2012
`
`March
`
`in Book
`
`1689
`
`Page
`
`490.
`
`The Mortgage
`
`and
`
`recorded
`
`27,
`
`2012
`
`was
`
`transferred
`
`to
`
`CHAMPION
`
`MORTGAGE
`
`COMPANY
`
`and
`
`said
`
`transfer
`
`was memorialized
`
`by an Assignment
`
`of Mortgage
`
`executed
`
`on December
`
`19, 2012
`
`and recorded
`
`January
`
`2, 2013
`
`in Book
`
`1721
`
`Page
`
`140. A copy
`
`of
`
`the Assignment
`
`of Mortgage
`
`is annexed
`
`hereto
`
`as Exhibit
`
`"
`
`B".
`
`6.
`
`7.
`
`Plaintiff
`
`is in possessioñ
`
`of
`
`the Note
`
`and is the entity
`
`entitled
`
`to enforce
`
`the Note.
`
`There
`
`is,
`
`in fact,
`
`a default
`
`under
`
`the terms
`
`and conditions
`
`of
`
`the Loan Documents.
`
`On or
`
`about March
`
`Borrower
`
`and
`
`the
`
`subject
`
`is not
`
`the principal
`
`residence
`
`of
`
`.
`
`26, 2018,
`
`died,
`
`property
`
`any
`
`surviving
`
`borrower.
`
`The
`
`default
`
`has
`
`not
`
`been
`
`cured,
`
`and
`
`the
`
`loan
`
`has
`
`been
`
`accelerated,
`
`making
`
`the
`
`entire
`
`amount
`
`due and
`
`owing
`
`in accordance
`
`with
`
`the
`
`terms
`
`of
`
`the
`
`loan,
`
`along
`
`with
`
`interest.
`
`A copy
`
`of
`
`the Death
`
`Certif
`
`icate
`
`is annexed
`
`hereto
`
`as Exhibit
`
`"C".
`
`8. My
`
`review
`
`of Champion's
`
`business
`
`records
`
`reveals
`
`that
`
`a Notice
`
`of Default
`
`was mailed
`
`first
`
`class mail
`
`on April
`
`2018.
`
`said Notice
`
`of Default
`
`is annexed
`
`hereto
`
`as
`
`by
`
`Exhibit
`
`"D".
`
`23,
`
`A copy
`
`of
`
`9.
`
`Plaintiff
`
`was
`
`not
`
`required
`
`to send
`
`a 90-day
`
`notice
`
`because
`
`the borrower
`
`is not
`
`a natural
`
`person.
`
`10.
`
`In a reverse
`
`mortgage,
`
`all
`
`advances
`
`are
`
`added
`
`to the
`
`loan
`
`balance,
`
`per
`
`the
`
`terms
`
`of
`
`the
`
`Loan
`
`Documents.
`
`As
`
`such,
`
`the
`
`loan
`
`balance
`
`œntin=s
`
`to grow
`
`even
`
`if
`
`the borrower
`
`never
`
`takes
`
`cash
`
`advanccs
`
`after
`
`the
`
`loan
`
`closes,
`
`or halts
`
`taking
`
`cash
`
`advances.
`
`This
`
`is due
`
`to compounding
`
`18-199251
`
`- KoR
`
`

`

`..
`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`interest,
`
`mortgage
`
`insurance
`
`premiums,
`
`fees and advances
`
`that
`
`are added
`
`to the loan
`
`balance
`
`each
`
`month.
`
`11. At
`
`the time
`
`the action
`
`was
`
`commenced,
`
`the emount
`
`due was $58,183.15.
`
`THIS
`
`SPACE
`
`IS INTENTIONALLY
`
`LEFT
`
`BLANK
`
`18-199251
`
`- KoR
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`12. As
`
`a result
`
`of
`
`the
`
`default,
`
`the
`
`amount
`
`due
`
`upon
`
`the Note
`
`and Mortgage,
`
`as shown
`
`by
`
`Champion's
`
`business
`
`records,
`
`a true
`
`and
`
`correct
`
`copy
`
`of which
`
`are attached
`
`hereto
`
`as Exhibit
`
`E",
`
`as of August
`
`31, 2019,
`
`is as follows:
`
`the Payoff
`
`date
`
`date
`
`the Payoff
`
`date
`
`Principal
`Interest
`Processed
`Interest
`through
`Processed
`MIP
`MIP
`through
`the Payoff
`Service
`Fees Processed
`Service
`Fees
`through
`Taxes
`Insurance
`Inspections
`Appraisals
`
`TOTAL
`
`Subscribed
`20 A
`
`$34,912.50
`$15..681.86
`$202.89
`$4.322.92
`$29.58
`$4.000.00
`$25.00
`$3,114.01
`$1.060.00
`$340.00
`$315.00
`
`$64,003.76
`
`and sworn
`
`to under
`
`the penalty
`
`of perjury
`
`this
`
`day of
`
`be
`
`her
`
`,
`
`Mortgage
`Nationstar
`ag Com
`Mort
`
`LLC D/B/A
`, Plaintiff
`
`Champion
`
`DatWO
`Name:
`Title:
`
`/
`
`IG\
`2,,
`. Ble;Es
`Assistant
`
`Randat20
`Secretary
`
`IF EXECUTING
`
`OUTSIDE
`
`OF NEW YORK STATE
`
`)
`
`)
`
`TO BE COMPLETED
`As
`
`OF
`
`STATE
`
`COUNTY
`
`OF
`
`2-kr3A)
`
`On the
`
`Notary
`personally
`individual(s)
`that
`me
`
`signature(s)
`individual(s)
`
`he/she/they
`o
`a te
`
`e
`,
`
`10 Ñ befon:
`btp4ember
`year
`in the
`of
`day
`appeared
`said State,
`in and for
`Public
`Blam
`personally
`basis
`on
`the
`to me
`to me
`known
`or
`proved
`satisfactory
`to the within
`instrument
`subscribed
`whose
`is (are)
`name(s)
`in his/her/their
`the
`executed
`same
`capacity(ies),
`the
`person
`the
`instrument,
`individual(s)
`xecuted
`the instrument.
`
`the
`undersigned,
`me,
`Ràndarza
`evidence
`to
`and
`ackilewledged
`that
`his/her/their
`by
`of which
`behalf
`
`be
`
`a
`,
`
`the
`to
`
`the
`
`and
`upon
`
`of
`
`or
`
`Notary
`
`Public
`
`My commission
`
`expires
`
`18-199251-
`
`KoR
`
`101O
`
`JASON WHITE
`Notary Public, State of Texas
`t14s4o2o
`comm.
`s×pir••
`Notary ID 130888360
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`Index #: E2018007747
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`

`

`--
`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`ADJUSTABLE
`IOME
`EQUITY
`
`RATE NOTE
`CONVERSION)
`
`t 5 ASInVOODhRIVE
`
`ROC1IESTES NEW YORK 14609
`SPropettrAddressi
`
`I
`
`IgFINfQ ONS
`Toriower" mears cachpermn sjguing áf the nudorths None, "Lender incans
`CORF.
`EtyMMbNTrtlDME
`EQUffVCONyERSION
`and its successorsand assigns, "Secrnmy" means the Secrnary of
`ppresentatives.
`
`ifousinjg and Urban Dee!ne
`
`or his or her mithrënd
`
`1 BORROWER*S PROMISE TO PAY; JNWREST
`in return fm pmoums to be advanced by Lender to or for the benefit or conuwer under he terms of a f lame Egety Cotwersion
`loan agreement dated APRIL 1342006
`("Lom Agreemenj"A Borrower pmmises 94pay whe order priender a principal
`amoungequal to the sum of att Loan Advances rmde imder the Loan Agrocrnenwhh truerest All amounts advancedby Lender, phrs
`intergA irnot paid earHer,aredue ond payable on JUNE 18
`, 2089
`.
`interen will be charged on bripaid principal m
`the taie of SIX AND 350/1000
`62100 %) per year until the Edt arnoum orprincipW has been
`perces (
`p;iid. The inierest nin: tiny change in accordage wish Paragmph5 of
`this Note. Accrued interes1 shall he added to hs pringipal
`balanceasa Loali Advance aphe c.ndof raeh month
`
`PAY SEQURED
`APEMIISHO
`ed of trim or simHar securky im(nament ihat is daicd ilic same date as
`Burmwer's prohnse to pity b sectimi by a mwtgage
`instrumern*
`flraz Se urity Inarunwm pmtects the Lender imm knes Weh nught resuh if
`this Ntue and ca d the "Securky
`Mr0MTdefaults und r shisiNom
`
`DiANNER OF PAVMENT
`4) Time
`and asemedimpreat to Lender upon receipt or a noticebv Lender requiring
`Dorrowcr shall pay all outstanding privipd
`prnrided m Paragraph7nr@s Note
`immediateppymew in rulbs
`cc
`(H) I
`
`etu shall be inade at COMMUNTry HOME QUTI Y CONVERSION CORP,
`
`160 LINDEN 0AKE DRWE,
`ROCHESTER NEW YORK N620
`
`, or any such other placeas Lender
`
`may designmein wnling by nonce to BorroW
`of Isabilby
`(C) Limitathe
`the debt Londer sh01 enforce thy dchWrdy tltrimgh sale of the
`Borrpwer shall have no personal liabiNy rur payrnentof
`Property cwered by N Scenity instrument ("Popertý*).
`If
`Ihis Note is usigned to the Seermary, thè Barrower shá11ilot be
`able Torany difference between the mprtgage {psuranceheneGts.paid Q Lender and the ss.
`edgess,
`igluding
`ngemedinten:st, owpd by Dorspwer it 1he6n1cof the asignhtem
`5. $NTERÈ$TRATE CitANCE$
`) Cttange cate
`ut JUIN 2006
`that day of eachsecroixiirg
`Theinti±resi.rate may changeon thehulay
`,and on
`the firsi day ofcach 5.ucceeditsatooth. "ChangeDate' meanocuchdate on which the imetest ratesmad change
`year
`(B) The IndA
`"Indea" meansthe wcckly avenge yield
`Begimting with Ike 6rst Change Date, the interest raic will be bned on an Inda
`on Umied Smies Tn:usury Securities adjusted to a constam nianirhy of one year, W inade uraDattle by Ihe federal Reserve
`Board. "Current kWex" .rneap die most fecent (odex figtire available 30 days before the ChangeDog IF1he Index (ps defined
`Lendeswill gke Bogowtr
`atmvc) is rto longern
`it4ble, Leader will useas a new Index ilny Wes prescribed by the 5wrentry
`nWce of the new Indet
`(C) Cakulation pringerest Kate Changes
`Before eachChange Date, Lender will c©lculatea mw increst rmeby adding a margin of ONE AND500/IODO
`1.50110 %) to the CwyendIndepSubjecuc the litnits sinted
`percenmgepoints (
`Parajnaph3(Djof
`this Neae,thmamnins
`will bethe new mterest rate andline mestChangeDnic
`(re Limits on InteresJ Rate Changes
`r te.MH rear hwreast pr dmease by moly than two percemge points (10%) on any single Change
`The hitchsi
`Date Thelmerest rate will ovvrr be rµorethan five parentage poitits (5,0%) higher or )ower than theininal
`imerest rate stated
`wph 2 of.IbixNot
`in P
`X The interessrøiewdl rm increwe aboys 51NTEEN AND 350/I000
`jEmotice
`orchanges
`.
`tw The noticy must begiven st least 25days beNre the
`lendyr wiH give nodeatu norrower of any changein the knecst
`hew ligigregiraic lakes eITect,and rnust get Imtli (i) the dateof thepaiccc (ii) 1.heCheng Date,Jill) the oldimeresitatediv)
`the
`norimerest
`rate, (vphe Cunets index and thedate h waspWished, (vi) the mented of calSulating 1headjuted huerestrak
`and (yla any sherinfamtaimn whmh may be teqtured by law froro time to eme.
`
`perenq
`
`%PiD00 %),
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`(F) Effectke DagewfChanges
`A new interest rr& enkulawi
`in metardancewith paragraphs5(C) ad 5(D) of dds oie v411becomeciTective on the Cyange
`Date, unless the Change Date orans kss thu 2$.daysaftettender ks gwen the required noncecIf se interest rate eakulmd
`ip
`adance with Paragaphs $(C) and $(D) of this Now dgctrased, but Leadu failed to give tinfety notice of the dectimsp.AmI
`appHod a higher rMe dton the mm which should.have bega gised in atAmely toiice, Ltim laidu
`simil tooilçulwe ¼pñcipal
`balance myed ader
`IMs Nme so itdoesnot reflect any.ettesswe imerest
`
`(t HORROWEIUS R)GHT 'r0 PREPAY
`A Bormwo be fhe dg u to pay 01cdebt evidenced by this Note in whnic m n pan, wkkoutcharge or genchy Any emount of
`N prepad wDJfirst be applied m reduce the prIncJpal balanceunhe Second Note described in Pamgraph D of his he uM At
`n reJnce i.heprindpol balanceof ais Not e,
`A][prepayments of 111eprirteipal bemter shall heappurd by Leader asfollow
`Firn m that ponion of the pnncipal balance represemingaggrepte payments racinongage insuranecpretniums;
`Weapd to mal penasaof the pencip) balancerepreseming aggregampayments inr AcMcing rees;
`lo that poruon of the principe balancereprssemininnecruedinteresi due under the Nee; ami
`tild,
`Founh. to the rernainmg peston of the principal bdwee A Barrower niáy specify whether a prepaymentis (a tPecredited to
`Jhe portion at tie pnncipal Eabrice aprccoting
`rnumbly payments or the lifle of ordit
`ilms ant &aignate
`If synowei
`which puriton of the principal hal.meeis to be prepñl, Landm shall apply ally punist prepayments don ensrtng Inw M
`credit or ceak a new ime oronlit,
`
`lylMEDIATE
`PA YMENT IN f ULL
`(A) ugsthmr Naft
`.
`. .
`enayacquire inunedisrepymemn WIof an outstanding prindputodmerged
`icnder
`irnerest 10
`0) A Borrowes dies and the Empeny is twi the prine.ipalresidene of at hast one surviWg 1kurower, ur
`(ii) All ars Burrower's talein the Properrylor his orher beneficial minest in a trustmaing all pr part of the Pmpc/ty) assold
`or othewisetransfered
`nid noother Bormwer retainctine to the Propeny m fee sunpk or tetains a )easeholdimdera lease for
`les than 99 yean which is rarwâble or &1caseSavlag nemaining
`period ornot kss shan30 years beynod the ase at thr
`100di birthday of the youngestDorrower or resins a Ufe esuUe(orrecelning abeMricW interm ht a trust with tuch an interesi
`in the Propenyl
`al0 ther C rounds
`Lendet may require inunediate payowot
`alhorked represeamlive or the Secreta1y,if
`(i) The Propérly ceasesgobe the prisipal
`residenceof a Burrower for reasonsather thri dcashawl die Property u unt the
`prmeipal gédence or st least nee other Ganowm
`a Barrower fads lo.physically occupy he Prepcny becauseof physic;t|
`110 For a period of fonger than 12
`nehmomht
`or memM illnen ond the Pyopenyis not the principa) residenceof m knai one other Borrower; or
`(idl An oNiption
`60the Gorrowerunder de Securily hisuUment is not performed.
`IC) Payment of Costsand Expenses
`If Lendet h:usrequired immediate paymem m full as described above, the dets enforced through sale of Se Froperty nay
`dude evMs and creases, mcluding reasonableand tustomary atiomeye fees. associated with en9ncerueni ör this NoÞ to )he
`rMem not prohiblind by apploth
`law. Such feet and cosa shall hear interest fronµhe date of disbursementat the same rate a
`the prmdpal of this Note.
`D) Trugs
`inuxest in ¼ Paperty to a tmst which ineettthe requiremess of ±e Secreta*y,or coweynes
`Conweyanceda Bonowfs
`of
`ont0s
`interesitin
`e Propeny i.0a Barrower, shall not be considereda conveynce for purposesof this Paragniph.A ims1,shan
`nol he censidered so occupant Drbe comidend ashadng aprincipd scaldencyin purposesof thh Paragrapk
`
`tú ablI of all ounundmg prirsipa! and acenux1imerca upon appmval by :m
`
`8. WAlVERS
`"Preserrunent" rneansthe rishi m require Leader in demand
`the rights of prescoime6t arid itorice of dishonor
`Borrower wdve
`paymeet or amounts due. "Neuce of 6shonor" meam the right in require Lender w .give nodce p oiber persons that atnoonia due
`hurt pot been paid.
`
`9. GIVING OF NOTICPS
`.
`Unkss applicable law requktai a different method, any nolice ìhat inutt be geen Ju Burrower under 1his Note wilt be giyco by
`adivering a of by ne%g
`b by Gestclass mah In Bonown a the Propeny Address dbove or ot a diffeient aldras
`if Bnnowet has
`pven i.cnder a notice of Barrowers diffetem addess
`Any noi*:c that mou be given to Lender onder dus Nae wW be deen by {ird class mad to I;ender at 1)w Addrm siÓcd in
`Paragraph4(0) orm u differem addre
`f Borroweda given a notice of duti dilTest
`addrest
`
`W. 01RJCAT (0NS OF PER$ONS UNDEtt THIS ÑOTE
`I(more than one person tigns thifAte,
`enchpman is fully obhgated m keep all of shepmmises made in this Nort Leader may
`enfoge as rigWsim r thisNefeonly
`ihmughAMofee
`Property.
`
`SECOND NOTE
`
`IL RELAT)0NSHIPTO
`A)Second Néto
`Detause laorrower wHt be required to repay amounts which the Scaerary may make in or on behMr of Bonowct pursurmt in
`Section 255({)0)(6)of
`the Naimrd HoumW Act and the Loan Agreemem. the Secreinry ims required Bormwer in gam a sempd
`Note In the Scoetary
`this None
`(Dj ReiM1asibip vtSmedory Paymemoo.
`Payments trade by dw Secretaryrdial.Inot be mchadedin the debs due under this ore unles:
`(i) Thh No.teis aségned m the Sectmry; or
`(ii) The Secretary accrpts combwscoterns by the Leader hr M) paymentsmade by the Secretary
`U the citeunmances described m (4 or m) semr. Iben a)I payrmemsby the hetary,
`h;ludev m the debt
`
`meluding imerest e the rmyments.sMil be
`
`aw can
`
`he an
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`(C) Effect on Borrower
`Where thereis no assignmentor re!=tus-;::::
`then Borrower shall not:
`the Secretary has required payrnent in full of all out:tanding
`(i) Be required to pay amounts owed under this Note until
`principal and accrued interest under the Second Note held by the Secretary, ,wi-:1.
`.
`anything to the contrary in
`Paragraph7 of this Note; or
`(ii) Be obligated to pay interest or shared appreciation under this Note at any time, whether accrued before or after the
`payments by the Secretary, and whether or not accrued interest has been included in the principal balance of this Note,
`notwithn=diap, anything to the contrary in Paragraphs2 or S of this Note or any Allonge to this Note.
`
`as describedin (B){i) or (ii), and the Secretary makes payments ar Borrower,
`
`12. SHARED APPRECIATION
`if Barrower hasexecuteda SharedAppreciation Allonge, thecovenantsof the Alfonge shall be inecipcrä:ed into and spp
`the covenantsof this Note asif the Alfonge were a part of this Note.
`
`BY SIGNING BELOW, Borrower acceptsand agreesto the termsand covenantscomained in this Note.
`
`WILLIE SHEPARD
`
`(Seal)
`-nonower
`
`(Seal)
`
`ORDERW
`PAy 10
`SeandeMortgageCaquay
`Without Resouges
`
`Comununity O BeBquity Conversion
`
`32XA :08/05
`
`Page3of3
`
`.
`
`.
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`PAYTOTHEORDEROF
`
`SEATTLESAVINGSBANK
`
`WITHOUTRECOURSE
`
`SEATT IdORTGAGECCAFANY
`
`A. CARUiON
`SH
`VICEPRESIDENT
`
`PAYTOTHEORDEROF
`
`WITHOUTRECOURSE
`
`SEA
`
`VIN
`
`K
`
`SN
`WCE
`
`CARLSON
`SIDENT
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`Index#:E2018007747
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`MONROE
`
`COUNTY
`
`CLERK'S
`
`OFFICE
`
`Return
`
`To:
`
`COMMUNITY
`160
`LINDEN
`ROCHESTER
`
`HOME
`OAKS
`NY
`
`EQUTIY
`DRIVE
`14609
`
`Index
`
`Book
`
`MORTGAGES
`
`20411
`
`Page
`
`0484
`
`No.
`
`Pages
`
`0010
`
`Instrument
`
`MTG-TAX
`
`EXEMPT
`
`Date
`
`Time
`
`:
`
`:
`
`4/19/2006
`
`2:53:00
`
`Control
`
`#
`
`200604190772
`
`MTG#
`
`M#
`
`CX
`
`001748
`
`SHEPARD
`WILLIE
`SHEPARD
`SANDRA
`COMMUNITY
`ON CORP
`
`FILE
`FILE
`REC
`MISC
`
`FEE-S
`FEE-C
`FEB
`FEE-C
`
`Total:
`
`HOME
`
`EQUITY
`
`CONVERSI
`
`Employee
`
`ID
`
`NB40
`
`$
`$
`S
`$
`$
`$
`$
`$
`$
`
`$
`
`19.00
`13.00
`30.00
`.00
`.00
`.00
`.00
`.00
`.00
`
`62.00
`
`99,000.00
`
`MORTGAGE
`
`TAX
`
`MORTGAGE
`
`AMOUNT
`
`BASIC
`
`MORTGAGE
`
`TAX
`
`SPEC
`
`ADDIT
`
`MTG TAX
`
`ADDITIONAL
`
`MTG TAX
`
`Total
`
`$
`
`S
`
`$
`
`$
`
`$
`
`STATE
`MONROE
`
`OF NEW YORK
`COUNTY
`CLERK'S
`
`OFFICE
`
`TRANSFER
`
`AMT
`
`WARNING
`ENDORSEM
`SECTION
`STATE
`
`OF
`
`THIS
`
`-
`SHEET
`REQUIRED
`FKf,
`OF
`THE
`319
`NEW YORK.
`
`Co
`BY
`
`STITUTES
`SECTION
`PROPERTY
`REAL
`DETACH
`DO NOT
`
`CLERKS
`
`THE
`&
`317-a(5)
`THE
`LAW OF
`OR REMOVE.
`
`TRANSFER
`
`AMT
`
`TRANSFER
`
`TAX
`
`$
`
`$
`
`Cheryl
`Monroe
`
`Dinolfo
`County
`
`Clerk
`
`IEEllillHillRElllilHRER
`
`.00
`
`.00
`
`.00
`
`.00
`
`.00
`
`.00
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`AND RETURN
`RECORD
`COMMUNITY
`HOME
`
`TO:
`EQUITY
`
`CONVERSION
`
`CORP.
`
`160 LINDEN
`ROCHESTER,
`
`OAKS DRIVE
`NEW YORK
`
`14625
`
`State of New York
`
`(SpaceAbove This Line For Recording Datn|
`
`ADJUSTABLE
`RATE
`HOME EQUITY
`CONVERSIONMORTGAGE
`
`THIS MORTGAGE
`WILLIE
`SHEPARD
`
`is given on APRIL
`Instrument")
`("Security
`AND SANDRA
`SHEPARD
`
`13, 2006
`
`. The mortgagor
`
`is
`
`whose address is
`ROCHESTER,
`This Security
`COMMUNITY
`
`135 ASHWOOD
`NEW YORK
`14609
`Instrument
`is given to
`HOME EQUITY
`
`DRIVE,
`
`("Borrower").
`
`CONVERSION
`
`CORP.
`
`, which is
`, and whose address is
`
`organized and existing under
`160 LINDEN
`OAKS DRIVE,
`
`THE STATE OF NEW YORK
`the laws of
`NEW YORK 14625
`ROCHESTER,
`has agreed to repay to Lender
`Borrower
`("Lender").
`amounts which
`is obligated
`Lender
`the terms of a Home Equity
`future advances, under
`to advance,
`including
`Loan Agreement
`The agreement
`dated the same date as this Security !=•-.:=r.:
`("Loan Agreement").
`Conversion
`to repay is evidenced by Barrower's Note dated the same date as this Security
`("Note").
`This Security
`Instrument
`the debt evidenced by the Note, with interest at a rate subject
`instrument
`secures to Lender:
`(a) the rcp:ryment of
`and all
`extensions
`the Note, up to a maximum principal
`and modifications
`of
`amount of
`to adj=t==t,
`rcntwals,
`- - --------
`- ----
`AND 00/100 --------------------------------
`NINE THOUSAND
`NINETY
`__ ___ _-..........-------
`___.........___________-------.-----------------------
`ttnder Paragraph 5 to
`the payment of all other sums, with interest, advanced
`(U.S. S
`99,000.00
`); (b)
`protect
`or otherwise due under
`this Security
`the security of
`Instrument
`the terms of
`this Security
`and
`Instrument;
`the perfonnance
`and the Note.
`The
`of Barrawws
`covenants and agreements under
`Instrument
`this Security
`(c)
`is due and payable
`in (a),
`if not paid earlier,
`full debt,
`amounts
`described
`(b), and (c) above,
`on
`including
`to Lender,
`grant and convey
`, 2089 . For
`this purpose, Borrower
`does hereby meitgõge,
`JUNE 28
`MONROE
`with power of sale,
`the following
`located in
`described property
`County,
`New York:
`
`XD84: 02/02
`
`Page1
`
`!
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`SEE LEGAL
`
`DESCRIPTION
`
`ATTACHED
`
`HERETO
`
`AND MADE A PART
`
`EEEEOF
`
`t
`
`which has the address of
`
`135 ASHWOOD
`
`DRIVE
`
`istreetl
`
`,
`
`ROCHESTER
`
`icity)
`
`, NEW YORK
`istatel
`
`14609
`tzipcodel
`
`("Property Address");
`
`now or hereaker erected on the property, and all e===en:s,
`TOGETHER WITH all
`the improvements
`rights,
`shat) also be
`the property.
`and fixtures now or hereafter a part of
`All
`rephecments
`and additions
`appenen-nees,
`to in this Security
`covered
`kstrument
`as the
`k=u=cnt.
`AN of
`the faregeir-g
`is referred
`by this Security
`"
`"Property
`seised of the estate hereby conveyed and has the right
`is lawfully
`that Bemwor
`BORROWER
`COVENANTS
`the Property
`to mortgage, grant and convey the Property and that
`is unence±ed.
`Borrower warrants and will
`the title to the Property against all claims and demands, subject
`ofrecord.
`to any encumbrances
`defend generally
`for national
`use and non-=ifoun
`THIS SECURITY
`INSTRU!vtENT
`combines uniform covenants
`covenants
`to constitute a uniform security
`instrument
`with limited variations
`covesir.g real property.
`by jurisdiction
`Borrower and Lender covenant and agree as follows:
`UN(FORM COVENANTS.
`shall pay when due the principal
`of Principal
`L Payment
`sad laterest.
`Borrower
`debt evidenced by the Note.
`charges consisting of
`taxes, ground rents,
`shall pay all property
`2. Payment
`Borrower
`Charges.
`of Property
`and special assessments in a timely manner, and shall provide evidence of
`flood and hazard insurance premkms,
`payments due to the
`to Lender, unless Lender pays property charges by wi±ho!ding
`funds from monthly
`payment
`in the Loan Agicemcri
`for
`Borrower or by charging such paymen‡s to a line of credit as prcvided
`3. Fire, Flood
`on the Property,
`improvements
`Insurance.
`Borrower
`shall
`and Other Hazard
`insure all
`whether now in existence
`or subsequently erected, against any hazartis, casualties, and contingencies,
`including
`shall be men:dned
`the periods
`to the extent and for
`required by Lender or
`fire. This insurance
`in the amounts,
`of Housing
`on
`and Urban Development
`Borrower
`shall also insure all
`the Secretan
`("Secretary").
`improvements
`the Property, whether now in existence or subsequently
`loss by floods to the extent
`required
`erected, against
`by
`the Secretary. All
`insurance shall be canied with companies approved by Lender. The insumnce policies and any
`renewals shall be held by Lender and shall
`include loss payable clauses in favor of, and in a form acceptable to,
`Lender.
`shall give Lender
`loss if
`Lender may make proof of
`notice by maiL
`immedige
`in the event of
`loss, Borrower
`is hereby authorized and directed to make
`Each insurance -g-7
`not made promptly
`by Borrower.
`concemed
`Insurance proceeds shall be applied
`for such loss to Lender
`instead of to Sc:-own
`and to Lender
`payment
`jointly.
`to restoration
`or repair of
`feasible and Lender's
`if the restoration
`or repair
`is economically
`the damged
`Property,
`be
`If
`feasible or Lender's security would
`is not
`lessened.
`the restaration
`or repair
`is not economically
`security
`
`of, and interest on,
`
`the
`
`00XA:02/02
`
`Page2
`
`

`

`201910040860
`FILED: MONROE COUNTY CLERK 10/04/2019 02:26 PM
`NYSCEF DOC. NO. 64
`
`#: E2018007747
`Index
`INDEX NO. E2018007747
`
`RECEIVED NYSCEF: 10/04/2019
`
`title to the Property
`that extingui±=
`transfer of
`or other
`in and to insurance policies
`in force shall pass to the
`
`to the reduction
`proceeds shall be applied
`the insuance
`of any in±·btedness
`first
`under a Second Note
`lessened,
`and Second Security
`and then to the reduction
`Instrument
`held by the Secretary
`on the Property
`the
`of
`the Note and this Security
`indebtedness
`under
`proceeds
`over an amount
`Instrument.
`excess insurance
`Any
`required to pay all outstanding
`Instrument
`indebtedness under
`the Note and this Security
`shall be paid to the entity
`legally entitled thereto.
`In the event of
`of
`foreclosure
`Instrument
`this Security
`all
`the indebtedness,
`title and interest of Bonower
`right,
`purchaser.
`4. Occupancy,
`and Prctcction
`Maintenance
`Loan Application;
`the Property;
`of
`Borrower's
`Preservation,
`Borrower
`shall occupy, establish,
`as Borrower's
`and use the Property
`Leasehe!da
`the
`residence
`principal
`after
`and Borrower
`(or at least one Borrower,
`this Security
`if
`scuticñ
`initially more than one person are
`Instrument,
`shall continue
`to occupy the Property
`principal
`as Borrower's
`residence
`for
`the term of
`the Security
`Borrowers)
`residence"
`"Principal
`shall have the same meaning as in the Loan Agreement.
`Instrument.
`Borrower
`shall not commit waste or destroy,
`damage or substantiaHy
`or allow the
`change the Property
`to deteriorate,
`reasonable wear and tear excepted.
`shall also be in default
`if Bonower,
`Borrower
`Property
`during
`the loan application
`process, gave materially
`false or inaccurate infonnation
`(or
`or statements
`to Lender
`failed to
`provide Lender