FILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`FILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`NYSCEF DOC. NO. 23
`NYSCEF DOC. NO. 23
`
`INDEX NO. EF006073-2023
`INDEX NO. EF006073-2023
`RECEIVED NYSCEF: 11/28/2023
`RECEIVED NYSCEF: 11/28/2023
`
`
`EXHIBIT A
`EXHIBIT A
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`SUPREME
`COUNTY
`
`COURT
`OF TIIE
`OF ORANGE
`
`STATE
`
`OF NEW YORK
`
`INDEX
`
`NO.
`
`LONGBRIDGE
`
`FINANCIAL,
`
`LLC,
`
`VS.
`
`Plaintiff,
`
`JOIIN MATTIIEW
`DISTRIBUTEE
`ANN KELDER;
`TIIE
`ESTATE
`SECRETARY
`DEVELOPMENT;
`DEPARTMENT
`UNITED
`STATES
`
`AND
`IIEIR
`SR.,
`KELDER,
`OF MARY
`OF TIIE
`ESTATE
`AND DISTRIBUTEES
`IIEIRS
`OF MARY ANN KELDER;
`AND URBAN
`OF IIOUSING
`NEW YORK
`STATE
`OF TAXATION
`AND FINANCE;
`OF AMERICA,
`
`OF
`
`Plaintiff
`trial
`situs
`
`ORANGE
`designates
`of
`the real property
`
`as the place
`
`of
`
`SUMMONS
`
`Subject
`Propertyi
`AVENUE
`18 FARRIES
`NY 10921
`FLORIDA,
`
`through
`
`DOE #12,"
`DOE #1"
`"JOHN
`"JOilN
`and unknown
`last
`fictitious
`twelve
`names
`being
`intended
`the persons
`or parties
`plaintiff,
`persons
`or corporations,
`tenants,
`occupants,
`or claiming
`an interest
`in or
`lien
`having
`in the complaint,
`described
`premises,
`
`the
`to
`the
`being
`if any,
`the
`
`upon
`
`Defendants.
`
`To the above
`
`named
`
`Defendants
`
`YOU ARE ÏIEREBY
`if
`the complaint
`within
`20 days
`
`SUMMONED
`is not
`served
`after
`
`to answer
`with
`
`this
`
`the service
`
`of
`
`the complaint
`
`summons,
`this
`
`the service
`
`is complete
`
`if
`
`this
`
`summons
`
`in the event
`
`the United
`
`States
`
`of America
`
`or,
`answer,
`Ts Attorney
`30 days
`after
`of New York)
`the said United
`of
`your
`failure
`
`your
`
`Plaintif
`
`within
`
`State
`
`for
`
`case
`
`demanded
`
`action
`in this
`a notice
`to serve
`exclusive
`of
`summons,
`is not personally
`is made
`a party
`defendant,
`of
`after
`service
`
`and to serve
`of appearance
`the day
`delivered
`to you within
`
`of
`a copy
`on the
`
`of service
`
`(or
`
`the.
`
`the time
`
`to answer
`
`the Summons;
`default
`for
`
`the
`
`and in
`relief
`
`of America
`shall
`States
`to appear
`or answer,
`in the complaint
`
`not expire
`judgment
`
`until
`
`will
`
`days
`(60)
`be taken
`
`against
`
`you
`
`by
`
`111111111011111111111l[I11111111111111
`- jg
`23-136390
`
`IllllMillIlllIIIlllgllEllllIIIlllIIIIIll
`
`111IIU111111111111111111Il111
`Jennifer Galczynski
`
`Drafter;
`
`Filed in Orange County
`
`09/06/2023
`
`05:20:46
`
`PM $0.00
`
`Bk: 5154
`1 of 33
`
`Pg: 854
`
`Index: # EF006073-2023
`
`Clerk: EBR
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`NOTICE
`
`YOU ARE IN DANGER
`
`OF LOSING
`
`YOUR IIOME
`
`If you
`do not
`respond
`the mortgage
`
`for
`
`with
`
`the
`
`court,
`
`company
`a default
`
`who
`
`filed
`
`this
`
`foreclosure
`
`judgment
`
`may
`
`be entered
`
`and
`
`to this
`
`summons
`
`and
`
`complaint
`
`by serving
`
`a copy
`against
`
`of
`
`the answer
`
`you
`
`and
`
`on the attorney
`answer
`the
`filing
`
`your
`
`home.
`
`proceeding
`can lose
`you
`
`Speak
`
`to an attorney
`to answer
`the summons
`
`or
`
`go to the
`and
`protect
`
`court
`
`where
`
`your
`
`case is pending
`
`for
`
`further
`
`information
`
`on how
`
`your
`
`property..
`
`Sending
`
`a payment
`
`to the mortgage
`
`will
`
`Iot
`
`the
`
`foreclÿiire
`
`action..
`
`company
`
`stop
`
`YOU.MUST
`TIIE
`PLAINTIFF
`
`A COPY OF THE ANSWER ON TIIE
`RESPOND
`BY.SERVING
`(MORTGAGE
`ANSWER
`AND FILING
`TIIE
`COMPANY)
`
`ATTORNEY
`WITII
`TilE
`
`FOR
`COURT.
`
`Please
`
`take
`
`to dispute
`
`summons
`the validity
`
`notice
`
`further
`the validity
`and complaint.
`
`or amount
`
`of
`
`that
`
`any
`
`right
`
`you may
`the debt
`does
`
`of
`
`have
`
`pursuant
`
`to the Fair Debt
`
`Collection
`
`Practices
`
`not
`
`change
`
`the time within
`
`which
`
`you must
`
`answer
`
`Act
`
`this
`
`or amount
`
`You must
`the debt..
`
`follow
`
`the instructions
`
`contained
`
`in the summons
`
`even
`
`if you
`
`dispute
`
`Dated:
`
`August
`
`24, 2023
`
`»nschutz,
`Robertson,
`& Partners,
`Crane
`for Plaintiff
`
`Attomey
`
`Schneid,
`PLLC
`
`.
`
`.
`
`BY:
`
`. B
`
`] SA
`RISKIN,
`[
`] ANTH
`CELLUCCI,
`[
`] SCOTT
`ESQ.
`R. WEISS,
`[
`R FABER,
`[X] KELLY
`ESQ.
`] ANNETTE
`SHACHTER,
`[
`900 Merchants
`Concourse,
`NY 11590
`Westbury,
`516-280-7675
`
`ESQ.
`ESQ.
`
`ESQ.
`310
`Suite
`
`23-136390
`
`- jg
`
`Drafter:
`
`Jennifer Galczynski
`
`2 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`Help
`
`for
`
`Homeowners
`
`in
`
`Foreclosure
`
`New York
`
`State
`
`foreclosure
`
`process.
`
`Law requires
`Please
`
`.
`
`Summons
`
`and
`
`Complaint
`
`that
`
`we send
`
`you
`
`this
`
`notice
`
`about
`
`the
`
`read
`
`it
`
`carefully.
`
`are
`
`in
`
`danger
`
`complaint
`summons
`or
`
`in
`and
`your
`
`You
`and
`
`the
`
`attorney
`yourself.
`
`of
`
`this
`
`losing
`foreclosure
`
`your
`
`home.
`
`action,
`
`complaint
`
`carefully.
`
`If
`
`you
`fail
`you may
`You
`should
`
`to
`
`lose
`
`respond
`your
`
`to
`home.
`
`local
`
`legal
`
`aid
`
`office
`
`to
`
`obtain
`
`advice
`
`the
`
`summons
`
`Please
`
`read
`an
`
`immediately
`on how to
`
`contact
`
`protect
`
`Sources
`
`of
`
`Information
`
`and
`
`Assistance
`
`The
`
`State
`
`encourages
`
`you
`
`to
`
`become
`
`informed
`
`about
`from
`
`an
`
`your
`
`options
`
`in
`
`or
`
`foreclosure.
`
`office,
`may
`with
`
`there
`
`contact
`your
`
`In
`
`are
`
`for
`
`addition
`government
`
`to
`
`seeking
`agencies
`
`assistance
`and
`
`non-profit
`
`attorney
`organizations
`
`information
`
`about
`
`possible
`
`options,
`
`including
`
`trying
`
`legal
`
`aid
`you
`that
`to work
`
`lender
`
`during
`
`this
`
`process.
`
`To locate
`an
`entity
`the New York
`State
`D¶partment's
`
`visit
`
`the
`
`near
`you,
`Department
`
`you may
`of
`Financial
`
`call
`
`the
`
`toll-free
`
`helpline
`
`maintained
`
`by
`
`Services
`
`at
`
`(800)342-3736
`
`or
`
`website
`
`at
`
`https://www.dfs.ny.gov.
`
`Rights
`
`and
`
`Obligations
`
`YOU ARE NOT REQUIRED
`You
`have
`the
`right
`to
`
`are
`
`not
`
`auction
`
`required
`pursuant
`
`to
`
`to
`
`in
`stay
`your
`leave
`a judgment
`
`TO LEAVE
`home
`your
`home
`
`unless
`
`of
`
`foreclosure
`
`during
`and
`
`until
`and
`
`sale.
`
`YOUR HOME AT TES TIME.
`You
`process.
`the
`foreclosure
`your
`
`property
`
`is
`
`sold
`
`at
`
`Regardless
`REQUIRED
`
`of whether
`TO TAKE
`
`taxes
`
`in
`
`accordance
`
`with
`
`remain
`your
`you
`in
`choose
`to
`CARE OF YOUR PROPERTY
`and
`local
`law.
`state
`
`home,
`
`YO,U
`
`ARE
`
`and
`
`pay
`
`property
`
`Page
`
`1 of 2
`
`3 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`Foreclosure
`
`rescue
`
`scams
`
`you
`
`with
`
`offers
`
`to
`
`"save"
`
`your
`
`home.
`
`for
`
`notices
`
`distress.
`
`suggestions
`anyone
`
`foreclosure
`of
`You
`
`should
`you
`
`that
`
`such
`
`offering
`the
`services
`them
`from
`promised
`
`taking
`services.
`
`actions
`
`in
`
`order
`
`to
`
`be
`
`extremely
`them
`a fee
`
`careful
`
`or
`
`sign
`
`pay
`services
`
`they
`
`will
`
`for
`profit
`perform
`
`to
`and
`from
`
`any money
`
`.
`
`approach
`
`who
`who
`watch
`a homeowner's
`and
`
`any
`requires
`
`Be
`careful
`There
`
`are
`
`of
`
`people
`
`individuals
`from
`
`profit
`
`unfairly
`about
`
`over
`
`enter
`
`fees
`you
`
`law
`which
`
`and
`
`completed
`
`any
`your
`
`such
`
`deed.
`
`promises
`
`State
`
`into
`
`a contract
`
`they
`until
`
`will
`
`they
`
`charge,
`have
`
`.
`
`fully
`which
`
`describes
`
`prohibits
`aH such
`
`Page
`
`2 of 2
`
`4 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`SUPREME
`COUNTY
`
`COURT
`OF TIIE
`OF ORANGE
`
`STATE
`
`OF NEW YORK
`
`.LONGBRIDGE
`
`FINANCIAL,
`
`LLC,
`
`Plaintiff,
`
`vs.
`
`INDEX
`
`NO.
`
`COMPLAINT
`
`Subject
`Propertyf
`AVENUE
`. 18 FARRIES
`NY 10921
`FLORIDA,
`
`JOIlN
`
`MATTIIEW
`
`DISTRIBUTEE
`
`AND
`IIEIR
`SR.,
`KELDER,
`OF MARY ANN
`OF TIIE
`ESTATE
`AND DISTRIBUTEES
`OF TIIE
`IIEIRS
`OF MARY ANN KELDER;
`SECRETARY.OF
`NEW
`AND URBAN
`DEVELOPMENT;
`OF TAXATION
`AND
`DEPARTMENT
`STATE
`OF AMERICA,
`
`UNITED
`
`STATES
`
`KELDER;
`ESTATE
`
`IIOUSING
`YORK
`
`FINANCE;
`
`" OIlN
`twelve
`
`plaintiff,
`
`tenants,
`
`having
`premises,
`
`DOE #1"
`names
`
`being
`the persons
`
`occupants,
`or claiming
`described
`
`through
`
`fictitious
`
`"JOIIN
`
`DOE #12,"
`and unknown
`
`to
`
`the last
`
`persons
`
`or parties
`intended
`or corporûtions,
`an interest
`in or
`lien
`in the complaint,
`
`being
`
`upon
`
`the
`if sny,
`the
`
`Defendants.
`
`The
`
`complaint
`
`of
`
`the above-named
`
`plaintiff,
`
`by Robertson,
`
`Anschutz,
`
`Schnehi,
`
`Crane & Partners,
`
`PLLC,
`
`its attorneys,
`
`alleges
`
`upon
`
`information
`
`and belief
`
`as follows(
`
`AS AND FOR A FIRST
`
`CAUSE
`
`OF ACTION
`
`of America
`
`or
`
`of
`
`fermation.
`
`1.
`
`Plaintift
`
`is organized
`
`under
`
`the laws
`
`of
`
`the United
`
`States
`
`its state
`
`2.
`
`On December
`
`3, 2008, MARY ANNE
`
`KELDER
`
`duly
`
`executed
`
`and delivered
`
`a note. A copy
`
`of
`
`said
`
`note
`
`is annexed
`
`hereto.
`
`3.
`
`Plaintiff,
`
`directly
`
`or
`
`through
`
`an agent
`
`has complied
`
`with
`
`all applicable
`
`laws
`
`in an attempt
`
`to
`
`establish
`
`ownership
`
`and/or
`
`possession
`
`of
`
`the subject
`
`note
`
`and the right
`
`to foreclosure
`
`of same.
`
`Plaintiff
`
`has possession
`
`and control
`
`of
`
`the original
`
`note
`
`and mortgage,
`
`which
`
`note
`
`is secured
`
`by the mortgage
`
`identified
`
`below,
`
`and the said note
`
`is éither made
`
`payable
`
`to Plaintiff
`
`or
`
`is duly
`
`indorsed
`
`in blanic
`
`To the
`
`11|||(l1111111111111111|11111l1101111)l
`- jg
`23-136390
`
`1O1111111111111111111111IEl||1111|[11111111lllllE[IllllllllllIlill[IllIlN
`Drafter:
`Jennifer Ga!czynski
`
`5 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`extent
`
`that
`
`the original
`
`note
`
`or
`
`interim
`
`assignments
`
`of mortgage
`
`are lost
`
`or unavailable,
`
`Plaintiff
`
`has the
`
`right
`
`to foreclose
`
`the subject
`
`note
`
`and mortgage
`
`pursuant
`
`to New York
`
`law.
`
`4. MARY ANNE
`
`KELDER,
`
`duly
`
`executed
`
`and delivered
`
`a mortgage
`
`securing
`
`the amounts
`
`owed
`
`by
`
`MARY ANNE
`
`KELDER,
`
`up to a maximum
`
`principal
`
`amount
`
`of5321,000.00,
`
`which
`
`mortgage
`
`was
`
`recorded
`
`as follows
`
`and the mortgage
`
`tax
`
`thereon
`
`was duly
`
`paidi
`
`Recording
`
`Dater December
`
`10, 2008
`
`County:
`
`Orange
`
`Book
`
`12761
`
`Page 0057
`
`Said mortgage
`
`was assigned
`
`tð Plaintiff
`
`by assignment
`
`of mortgage
`
`duly
`
`executed
`
`on a date
`
`prior
`
`to the
`
`filing
`
`of
`
`the complaint.
`
`A copy
`
`of said mortgage
`
`is annexed
`
`hereto.
`
`5.
`
`Said morteage
`
`secured
`
`the real property
`
`known
`
`as 18 FARRIES
`
`AVENUE,
`
`FLORIDAnNEW
`
`ŽORK
`
`10921
`
`and by Section
`
`105, Block
`
`2, Lot
`
`3 together
`
`with
`
`all
`
`fixtures
`
`and articles
`
`of personal
`
`annexed
`
`installed
`
`in connection
`
`with
`
`the mortgaged
`
`premises,
`
`all as is more
`
`property
`
`to,
`
`in, or used
`
`fully
`
`set
`
`forth
`
`in said mortgage.
`
`A copy
`
`of
`
`the legal
`
`description
`
`is set
`
`forth
`
`on Schedule
`
`Ä annexed.
`
`6. MARY ÃNNE
`
`KELDER
`
`also
`
`executed
`
`and delivered
`
`to plaintiff
`
`a IIome
`
`Equity
`
`Conversion
`
`Loan
`
`Agreement,
`
`which
`
`provided
`
`for
`
`the payment
`
`of
`
`the sums
`
`secured
`
`by the mortgage.
`
`.
`
`.Plaintiff
`
`has complied
`
`with
`
`all condit
`
`ons precedent
`
`contained
`
`4n the mortgage,
`
`if any
`
`includ
`
`ng
`
`but not
`
`limited
`
`to cure
`
`defau% to the mortgagors
`
`as set
`
`forth
`
`to, sending
`
`a notice
`
`i% the mortgage.
`
`Haindff
`
`deciares
`
`the full
`
`amount
`
`payable
`
`under
`
`the note
`
`and mortgage
`
`to be now due.
`
`plaintiff
`
`alleges
`
`as the basis
`
`of default
`
`under
`
`the terms
`
`of
`
`the note, mortgage
`
`and,
`
`if applicable,
`
`8.
`
`9.
`
`the Home
`
`Equity
`
`Conversion
`
`Loan
`
`Agreement:
`
`A Borrower
`
`_X
`
`_ All
`
`Eas died
`Borrower.
`surviving
`interest
`(or his or her beneficial
`in the Property
`of a Borrower's
`title
`transferred
`sold
`has been
`or otherwise
`all or part
`the Property)
`owning
`(b) a leaschold
`title
`to the Property
`in fee simple,
`retains
`Borrower
`(a)
`not
`less than
`99 years which
`is renewable
`or a lease
`a remaining
`having
`less than
`100th
`of
`the youngest
`50 years
`beyond
`the date of
`the
`birthday
`(c) a life
`in the
`(or a beneficial
`interest
`in a trust with
`estate
`Property
`the Property)
`
`and the Property
`
`is not
`
`the p
`
`n
`
`pal
`
`residence
`
`of at
`
`least
`
`one
`
`of
`
`in a trust
`and no other
`under
`a lease
`for
`period
`of not
`or
`
`in
`
`Borrower,
`such
`an interest
`
`23-136390
`
`- jg
`
`Drafter:
`
`Jennifer Galczynski
`
`6 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`of Borrower
`to be the principal
`residence
`has ceased
`of at
`is not
`the principal
`and the Property
`residence
`
`for
`reasons
`one other
`
`least
`
`other
`
`The Property
`than
`death,
`Borrower.
`For a period
`
`of
`
`__
`
`__
`
`_ The Borrower
`
`The Borrower
`
`consecutive
`twelve
`than
`longer
`months,
`(12)
`or mental
`of physical
`because
`the Property
`occupy
`physically
`of at
`least
`one other
`not
`the principal
`residence
`Borrower.
`has failed
`to submit
`a required
`certificate
`The Borrower
`has failed
`to make
`required
`payments
`The Borrower
`and/or
`water/sewer
`charges.
`has failed
`to maintain
`has failed
`to comply
`
`a Borrower
`illness
`
`tó
`has failed
`and the Property
`
`is
`
`of occupaney.
`taxes,
`
`property
`
`for
`
`insurance
`
`the property.
`with
`an obligation
`
`under
`
`the Security
`
`as follows:.
`
`10. To the extent
`
`applicabic,
`
`Plaintiff
`
`has complied
`
`ith RPÅPL
`
`1304
`
`and RPAPL
`
`1306.
`
`1 ;
`
`To the extent
`
`applicable,
`
`Plaintiff
`
`has complied
`
`with
`
`RPL
`
`280-b
`
`and RPL
`
`280-d.
`
`12. To the extent
`
`applicable,
`
`Plaintiff
`
`has complied
`
`with
`
`all of
`
`the provisions
`
`of Banking
`
`Law
`
`§ 595-a
`
`and any
`
`rules
`
`and regulations
`
`promulgated
`
`tl(cid:3)creunder,
`
`Banking
`
`Law
`
`§§ 6-1 and 6-m.
`
`13. Plaintiff
`
`is the owner
`
`and holder
`
`of said note
`
`and mortgage
`
`or has been
`
`delegated
`
`the authority
`
`to
`
`institute
`
`a mortgage
`
`foreclosure
`
`action
`
`by the owner
`
`and holder
`
`of
`
`the said note
`
`and mortgage.
`
`14. The
`
`default
`
`has continued
`
`beyond
`
`the applicable
`
`grace
`
`period
`
`set
`
`forth
`
`in the mortgage,
`
`and by
`
`reason
`
`thereof,
`
`plaintiff
`
`has clected
`
`clects
`
`to declarc
`
`duc and payable
`
`the entire
`
`uzipaid
`
`balánce
`
`of principall
`
`and hereby
`
`immediately
`
`15. As of Augùst
`
`23, 2023
`
`there
`
`is due and owing
`
`to the plaintiff,
`
`the total
`
`suin
`
`of $213,489.46.
`
`Pursuant
`
`to the terms
`
`of
`
`the mOrtgaäe
`
`the amounfdue
`
`and owing
`
`is subject
`
`to change
`
`as the sums
`
`as
`
`provided
`
`for
`
`in the note, mortgage
`
`and,
`
`if applicable,
`
`the IIOme
`
`Equity
`
`Conversion
`
`Loan
`
`Agreeinent
`
`are
`
`added
`
`to and become
`
`part
`
`of
`
`the unpaid
`
`prirïcipal
`
`balance.
`
`16
`
`In order
`
`to obtain
`
`a current
`
`payoff
`
`(cid:31)uote,
`
`or
`
`reinstatement
`
`quote
`
`if
`
`the loan
`
`is cligible
`
`to be
`
`reinstated,
`
`you may
`
`email
`
`your
`
`request
`
`to Robertson,
`
`Anschutz,
`
`Schneid,
`
`Crane & Partners,
`
`PLLC
`
`at
`
`nyrein.payof
`
`T@rasig.com
`
`or call
`
`(516)
`
`280-7675
`
`ext
`
`2888,
`
`17. That
`
`plaintiff
`
`shall
`
`not be deemed
`
`to have waived,
`
`altered,
`
`released
`
`or changed
`
`the election
`
`hereinbefore
`
`made
`
`by reason
`
`df
`
`the payment
`
`after
`
`the date
`
`of
`
`the commencement
`
`of
`
`this
`
`action,
`
`of any or
`
`23-136390
`
`- jg
`
`Drafter:
`
`Jennifer Galczynski
`
`7 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`all of
`
`the defaults
`
`mentioned
`
`hercim
`
`and such
`
`clection
`
`shall
`
`continue
`
`and remain
`
`effective
`
`until
`
`the costs
`
`and disbursements
`
`of
`
`this
`
`action,
`
`and any and all
`
`future
`
`defaults
`
`under
`
`the aforesaid
`
`bond
`
`or note
`
`and
`
`mortgage,
`
`and occurring
`
`prior
`
`to the discontinuance
`
`of
`
`this
`
`action
`
`are fully
`
`paid.
`
`18. That
`
`to protect
`
`its security
`
`afforded
`
`by said
`
`bond
`
`or note
`
`and mortgage,
`
`it may
`
`be necessary
`
`for
`
`the plaintiff
`
`to pay taxes,
`
`assessments
`
`and water
`
`rates which
`
`are, or may
`
`become
`
`liens
`
`on the mortgaged
`
`premises,
`
`charges
`
`for
`
`the protection
`
`of
`
`the premises,
`
`and plaintiff
`
`demands
`
`and anó other
`
`hereby
`
`that any
`
`amounts
`
`which
`
`may
`
`be so expended
`
`shall
`
`be added
`
`to the amount
`
`of
`
`the principal
`
`sum secured
`
`by said
`
`bond
`
`or note
`
`and niortgage,
`
`together
`
`with
`
`interest
`
`from the time
`
`of any
`
`such
`
`payment,
`
`and that
`
`the same
`
`be paid
`
`to the plaintiff
`
`from the proceeds
`
`of
`
`the foreclosure
`
`sale herein
`
`19. That
`
`the plaintiff
`
`alleges
`
`that no other
`
`proceedings
`
`have
`
`been
`
`had for
`
`the recovery
`
`of
`
`the
`
`mortgage
`
`indebtedness
`
`or
`
`if any
`
`such
`
`action
`
`is pending,
`
`a final
`
`judgment
`
`was not
`
`rendered
`
`in favor
`
`of
`
`Plaintiff
`
`and such
`
`action
`
`is intended
`
`to be discontinued.
`
`plaintiff
`
`further
`
`that
`
`all
`
`interest
`
`20. That
`
`alleges
`
`the defendants
`
`have,
`
`or may
`
`claim to have,
`
`some
`
`in,
`
`or
`
`lien
`
`upon
`
`the mortgaged
`
`premises,
`
`or some
`
`part
`
`thereof,
`
`which
`
`interest
`
`or
`
`lien,
`
`if any,
`
`is subject
`
`and
`
`subordinate
`
`to the lien
`
`of
`
`the mortgage
`
`being
`
`toreclosed
`
`2 l. The
`
`description
`
`of each
`
`of
`
`the named
`
`party
`
`defendanfs'
`
`interest
`
`is set out on Schedule
`
`"B''
`
`annexed.
`
`22. The
`
`interest
`
`or
`
`lien
`
`of each of
`
`the named
`
`party
`
`defendants,
`
`Îf any,
`
`is set
`
`forth
`
`in Schedule
`
`"C"
`
`annexed.
`
`23. The
`
`terms
`
`of said mortgage
`
`provide
`
`that defendants
`
`shall
`
`be liable
`
`to plaintiff
`
`for
`
`reasonable
`
`interest
`
`in the premises.
`
`attorneys
`
`fees
`
`incurred
`
`by plaintiff
`
`to protect
`
`or enforce
`
`plaintiffs
`
`secur%y
`
`24. That
`
`the sale of
`
`the mortgaged
`
`premises
`
`and title
`
`thereto
`
`are subject
`
`to the state
`
`of
`
`facts
`
`an
`
`accurate
`
`survey
`
`will
`
`show;
`
`all covenants,
`
`restrictions,
`
`easements,
`
`agreements
`
`and reservations,
`
`if any,
`
`of
`
`record,
`
`and to any and all violations
`
`thereof;
`
`any and all building
`
`and zoning
`
`regulations,
`
`restrictions
`
`and
`
`ordinances
`
`of
`
`the municipality
`
`in which
`
`said
`
`premises
`
`are situated/and
`
`to any violations
`
`of
`
`the same;
`
`including,
`
`but not
`
`limited
`
`to,
`
`reapportionment
`
`of
`
`lot
`
`lines,
`
`and vault
`
`charges,
`
`if any;
`
`any and all orders
`
`or
`
`23-136390
`
`- jg
`
`Drafter:
`
`Jennifer Galczynski
`
`8 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`requirements
`
`issued
`
`by any governmental
`
`body
`
`having
`
`jurisdiction
`
`against
`
`or affecting
`
`said premises
`
`and
`
`any
`
`violation
`
`of
`
`the same;
`
`the physical
`
`condition
`
`of any building
`
`or structure
`
`on the premises
`
`as of
`
`the
`
`date of closing
`
`hereunder;
`
`rights
`
`of
`
`tenants
`
`in possession,
`
`ifany;
`
`prior mortgages
`
`and judgments,
`
`if any,
`
`now liens
`
`of
`
`record;
`
`right
`
`of Redemption
`
`of United
`
`States
`
`of America,
`
`if any;
`
`rights
`
`of any defendants
`
`pursuant
`
`to CPLR Section
`
`Section
`
`2003
`
`and CPLR
`
`Section
`
`317, CPLR
`
`5015,
`
`if any;
`
`any and all
`
`Hazardous
`
`Materials
`
`in the premises
`
`including,
`
`but not
`
`limited
`
`to,
`
`flammable
`
`explosives,
`
`radioactive
`
`materials,
`
`hazardous
`
`wastes,
`
`asbestos
`
`or any material
`
`containing
`
`asbestos,
`
`and toxic
`
`substances;
`
`and other
`
`conditions
`
`as set
`
`forth
`
`in the terms
`
`of sale more
`
`particularly
`
`to be announced
`
`at
`
`the sale.
`
`AS AND FOR A SECOND
`
`CAUSE OF ACTION
`
`..
`
`25. Plaintiff
`
`repeats
`
`and realleges
`
`each
`
`and every
`
`allegation
`
`contained
`
`in paragraph
`
`1 through
`
`24 as
`
`though
`
`fully
`
`set
`
`forth
`
`herein.
`
`mortgage
`
`26. By mutual
`
`mistake
`
`of
`
`the mortgagor
`
`and mortgagee
`
`the subject
`
`to be foreclosed,
`
`recorded
`
`in the Orange
`
`County
`
`Clerk's
`
`Office
`
`on December
`
`10, 2008
`
`in Bôok
`
`12761
`
`Page 0057, was
`
`recorded
`
`without
`
`a legal
`
`description,
`
`whereas
`
`the correct
`
`legal
`
`description
`
`is set
`
`forth
`
`in the legal
`
`description
`
`attaclied
`
`hereto
`
`as "Schedule
`
`Ã".
`
`27. The
`
`legal
`
`description
`
`attached
`
`hereto
`
`at
`
`Schedule
`
`A"
`
`contains
`
`the correct
`
`legal
`
`descriptionior
`
`the subject
`
`18
`
`ARRIHS
`
`AVENUE
`
`ÑY 10921
`
`and known
`
`as Section
`
`property
`
`FLORIDA,
`
`105, Block
`
`2,
`
`Lot
`
`3.
`
`28. The
`
`description
`
`contained
`
`in the said mortgage
`
`being
`
`fireclosed
`
`should
`
`be reformed
`
`to match
`
`the
`
`.legal
`
`description
`
`recited
`
`iI"Schedule
`
`A"
`
`annexed.
`
`Plaintiff
`
`demandsjudgment
`
`directing
`
`the Clerk
`
`of
`
`Orange
`
`County
`
`to reform
`
`its records
`
`to reflect
`
`that
`
`the mortgage
`
`contain
`
`the legal
`
`descriptÎon
`
`annexed
`
`hereto
`
`as "Schedule
`
`A".
`
`THE REMAINDER
`
`OF THIS
`
`PAGE
`
`IS LEFT
`
`BLANK
`
`INTENTIONALLY
`
`23-136390
`
`- jg
`
`Drafter:
`
`Jennifer Galczynski
`
`9 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`WIIEREFORE,
`
`plaintiff
`
`demands
`
`judgment
`
`against
`
`the defendants
`
`as follows:
`
`On its First Cause
`
`of Action,
`
`A.
`
`The
`
`defendants
`
`and each of
`
`them,
`
`and all persons
`
`claiming
`
`under
`
`them,
`
`or any of
`
`them subsequent
`
`to the commencement
`
`of
`
`this
`
`action
`
`and the filing
`
`of
`
`the Notice
`
`of Pendency
`
`thereof,
`
`may
`
`be barred
`
`and foreclosed
`
`of all
`
`right,
`
`title,
`
`claim,
`
`lien
`
`and equity
`
`of
`
`redemption
`
`in the
`
`mortgaged
`
`premises;
`
`B.
`
`Said mortgaged
`
`premises
`
`be sold
`
`subject
`
`to the state
`
`of
`
`fa cts an accurate
`
`survey
`
`will
`
`show
`
`all covenants,
`
`restrictions,
`
`casements,
`
`agreements
`
`and reservations,
`
`if any, of
`
`record,
`
`and to any
`
`and all
`
`violations
`
`thereof;
`
`any and all building
`
`and zoning
`
`regulations,
`
`restrictions
`
`and
`
`the
`
`ordinances
`
`of
`
`the municipality
`
`in which
`
`said premises
`
`are situated,
`
`and to any
`
`violations
`
`of
`
`same,
`
`including,
`
`but not
`
`limited
`
`to,
`
`reapportionment
`
`of
`
`lot
`
`lines,
`
`and vault
`
`charges,
`
`if any;
`
`any
`
`and all orders
`
`or
`
`requirements
`
`issued
`
`by any govemmental
`
`body
`
`having
`
`jurisdiction
`
`against
`
`or
`
`af Tectin(cid:31) said premises
`
`and any
`
`violation
`
`of
`
`the same;
`
`the physical
`
`condition
`
`of any building
`
`structure
`
`on the prennses
`
`as of
`
`the date of closing
`
`hereunder;
`
`rights
`
`of
`
`tenants
`
`in possession,
`
`or
`
`if
`
`any;
`
`prior mortgages
`
`and judgments,
`
`if any,
`
`now licns
`
`of
`
`record;
`
`right
`
`of Redemption
`
`of United
`
`States
`
`of America,
`
`if any;
`
`rights
`
`of any defendants
`
`pursuant
`
`to CPLR
`
`Section
`
`317, CPLR
`
`Section
`
`2003
`
`and CPLR
`
`Section
`
`Materials
`
`in the premises
`
`5015,
`
`if any;
`
`any and all Hazardous
`
`including,
`
`. but not
`
`limited
`
`to,
`
`flainmable
`
`explosives,
`
`radioactive
`
`materials,
`
`hazardous
`
`wastes,
`
`asbestos
`
`or anÿ
`
`material
`
`containing
`
`asbestos,
`
`and toxic
`
`substances;
`
`and other
`
`conditions
`
`as set
`
`forth
`
`in the terms
`
`of sale more
`
`particularly
`
`to be announced
`
`at
`
`the sale.
`
`C.
`
`Said
`
`premises
`
`may
`
`be decreed
`
`to be sold
`
`in one parcel
`
`according
`
`to law subject
`
`to
`
`the various
`
`items
`
`set
`
`forth
`
`in allegations
`
`of
`
`the complaint
`
`herein;
`
`D.
`
`E.
`
`The monies
`
`arising
`
`from the sale map
`
`be brought
`
`intotourt
`
`Plaintifimay
`
`be paid
`
`the amount
`
`due on said note
`
`and mortgage
`
`as alleged.
`
`herein,
`
`together
`
`with
`
`interest
`
`to the Eme
`
`of such
`
`payment,
`
`together
`
`with
`
`the sums
`
`expended
`
`by
`
`days
`
`after
`
`sale
`
`plaintiff
`
`prior
`
`to and during
`
`the pendency
`
`of
`
`this
`
`action,
`
`and for
`
`thirty
`
`any
`
`demanded
`
`herein
`
`for
`
`taxes, water
`
`rates,
`
`sewer
`
`rests,
`
`assessments,
`
`insurance
`
`premiums
`
`and other
`
`necessary
`
`plus
`
`any
`
`and esséntial
`
`char(cid:31)cs
`
`or expenses
`
`in connection
`
`theréwith
`
`to protect
`
`the niortgage
`
`lien,
`
`sums
`
`expended
`
`for
`
`the protection
`
`or preservation
`
`of
`
`the property
`
`covered
`
`by said
`
`mortgage
`
`and note,
`
`and the amount
`
`secured
`
`thereby,
`
`with
`
`interest
`
`thereon
`
`from the time
`
`of such
`
`payment
`
`and the costs
`
`and expenses
`
`of
`
`this
`
`action
`
`including
`
`reasonable
`
`attorneys'
`
`fees
`
`so far as
`
`the amount
`
`öf such monics
`
`properly
`
`ap
`
`licable
`
`thereto
`
`will
`
`pay
`
`the same
`
`23-136390
`
`- jg
`
`Drafter:
`
`Jennifer Galczynski
`
`10 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`. F.
`
`The
`
`plaintiff
`
`be decreed
`
`to be the owner
`
`of any and all personal
`
`property
`
`used
`
`in
`
`connection
`
`with
`
`the said mortgaged
`
`premises,
`
`except
`
`if discharged
`
`in bankruptcy;
`
`G.
`
`awaiding
`
`the relief
`
`requested
`
`in the additional
`
`causes
`
`of action
`
`stated
`
`in the
`
`cornplaint;
`
`if arip;
`
`On its Second
`
`Cause
`
`of Action,
`
`Plaintiff
`
`demands
`
`judgment
`
`description
`
`recited
`
`in "Schedule
`
`reforming
`A"
`
`the mortgage
`
`being
`
`foreclosed
`
`to include
`
`the correct
`
`legal
`
`annexed
`
`hereto;
`
`and that Plaintiff
`
`shall
`
`have
`
`such
`
`other
`
`and
`
`further
`
`relief
`
`or both,
`
`irithe
`
`premises
`
`as shall
`
`be just
`
`and equitable..
`
`Dated:
`
`August
`
`24, 2023
`
`. Robertson,
`Anschutz,
`& Partners,
`Crane
`for Plaintiff
`
`Attorney
`
`Schneid,
`PLLC
`
`.
`
`.
`
`BY:
`
`i...B
`] SA
`RISKIN,
`[
`] ANTHONY
`CELLUCCI,
`[
`ESQ.
`It WEISS,
`] SCUTT
`[
`[X] KELLY
`R. FABER,
`ESQ.
`] ANNETTE
`SHACHTER,
`[
`900 Merchants
`Concourse,
`NY 11590
`Westbury,
`516-280-7675
`
`ESQ.
`ESQ.
`
`ESQ.
`310
`Suite
`
`23-136390
`
`- jg
`
`DraAer:
`
`Jennifer Galczynski
`
`11 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`ADJUSTABLE
`(HOME
`EQUITY
`
`RATE NOTE
`CONVERSION)
`
`F1IA CaseNo.
`
`DECEMBER 03.2008
`
`18 FARRIES AVENUE, FLORIDA, NEW YORK ID921
`[PNpatyAddmss]
`
`l. DEF1NITIONS
`Borrower" meanscach personsignhis at the end of this Noto. "Lender' means
`
`and its successors and assigns. Secretary" means the Secretary of
`representatives.
`
`IIousing sml Urban Development or his or her authorized
`
`INTEREST
`2. IIORROWER'S PROMISE TO PAY:
`hireturn ror amountsto be ndvancedbó Londer to or for the benefit of Dorrower imdcr the terms of n IIome t!quity Conversion
`(*Loan Agreement"), Dornnverpromises to pay to the onlcr of Leader n principal
`Loan Agreement dated DECEMBER 03,2008
`.
`amount equal to the sum nrall Loan Advances made under tha Iman Agreement with interest. All amounts advancedby Lender, plus
`Interest will be chargedon tmpald principal at .
`, 2086
`. interest, if not due earlier, are due and payable on SEPTEMUER27
`.
`2.9300 %) per year until the full amoms orprincipal has been
`sherate of TWO AND 930/1600
`percent (
`paid. The Interest rate may change In acconianco whh raragraph $ of dds Noto Accrued Interest s1m11be added lo the principal
`balance usu toan Advance at the endor enchmonth.
`
`3. PRÖMISE TD PAY SECLJRED
`Borrower's promise to pay is securedby a mortgage deed of trust or similar security instrument that Is dated the somedate as
`Instrument." That Security Instrument protectsjha Londer fron losses which might result if
`dds Note and called the "Security
`Borrower defaults under this Note
`
`.
`
`4. MANNER OF PAYMENT
`(A) Time
`.
`.
`Borrmver shall pay all outstanding prlneipal and occrued Inthest
`%ninediatepayment In full, as provided ht Paragraph7 of this Noto.
`(II) Place
`Paymentshall be made at
`M&T ItANK
`
`1 FOUNTAIN PLAZA
`BUFFALO, NEW YORK I4203
`
`to Lender trpon ruccilit of a notico by L(ndcr requiring
`
`, or anysuch other place as Leader
`
`inay designatein writing by notice to Dorrower.
`..
`. (C) Limita tlon er Llability
`force the debt dy thrungh sals of the
`Uorrower shall have no personal liability for payment or tho dels. Lender shall
`If this Note is assignedto the Secretary, the Borrower shall not be
`Property covered by the Security Insinnncut ("Property").
`linbto for any difference between the mortgage insurance benefits paid lo Lender and the outstanding Indchtedness,inchuling
`accrued interest, owed by Dorrower at the dme of the assignment
`
`S. INTEREST RATE CIIANGES
`.
`.
`. .
`(A) Change Date
`..
`that day orench succeeding
`, and on
`The Interestrate may changeon the lirst day of MARCII,2009
`the first day orench succeedingmonth. "Change Date" meanseachdateon which the interest rate could change
`year
`(II) The Index
`Ocginning with the first Chango Date,the laterest rntowlit he basedon an Index. "Index" meansthe wcckly averageyield
`on United StatesTreasury Securities adjinted to n conslant maturity of one year, as made evailable by the Federal Reserve
`Doard. *Current Index" meansthe most recent Index figure available 30 days herosethe Change Date. (f the Index (as defined
`above) is no longer available, Lender will use asa new Index nny index prescribedby the Secrclary. Lender will givo Dorrower
`notico of the new Index. .
`Itate Changes
`(C) Calculadom ofinterest
`Before cach ChangeDate, Lender will calculate nnew Interest rateby adding a margin of . TWO AND 000/1000
`. 2,00000 %) to the Current Index. Subject to the limits stated In ParagraphS(D) of this Note, Ihis amount
`percentagepoints (
`wi(1be the new interest rate tmtil the next ChangeDate.
`(D) Limlis on Interest Rate Changes
`The interest rate will never Increaseor decreaseby more than two percentage points (2.0%) on any single Change
`Date. The interest rate win never be more than five percentagepoints (S.0%) ldgher or lower ilmn the initial
`interest rate stated
`. .
`.
`.. .
`..
`.
`....... .
`.. __ ... .
`. In Paragraph2 of this Noto.. .
`..
`The laterest ratewill never increaseabove TWELVE AND930/1000
`12.93000%);
`percent (
`(E) Nntice of Changes
`Lender will give notico to 13orrowerof any chartgOin th0 Intercat rate. 'lho notlco must be given ni least 25 days before
`the new Interestrate takes clicet, and must set forth ([) the date of the notice, (ii) the ChangoDatc, (ill) the old hderestrole, (iv)
`the new Interestinte, (v) the Current Index and the date it was published, (vt) the method of calentating the adjusted interest
`rate, and (vii) any other Information which nay be required by law from tim a ime.
`Pqa I ors
`4-tshozos
`
`12 of 33
`
`

`

`
`FILED: ORANGE COUNTY CLERK 09/06/2023 05:20 PMFILED: ORANGE COUNTY CLERK 11/28/2023 04:24 PM
`
`NYSCEF DOC. NO. 1NYSCEF DOC. NO. 23
`
`
`
`INDEX NO. EF006073-2023INDEX NO. EF006073-2023
`
`
`
`RECEIVED NYSCEF: 09/06/2023RECEIVED NYSCEF: 11/28/2023
`
`(17)Effective Dato of Changes
`A new Interest rate calentated in acconiance widt paragraphs$(C) and 5(D) of this Note will beconio cffective on the
`Change Date, unless the Change Date occurs tess than 25 days niter Leader has given the required notice, If the interest rate
`calculated in necordancewith Pamgraphs5(C) and 5(D) of this Note decreased,but Lender inited to give timely notico of the
`decreaseand applied a higher rate than the rate which should have been stated in a timely nodce. then Leader shall recalculate
`the principal balanceowed under this Nota so it doesnot reflect any excessiveInterest.
`
`6. BORROWER'S R1C1rr TO PREPAY
`A Borrower has the right to pay the debt evidencedby this Note, In whole or In part, whhout chargo or penalty. Any mnount of
`first be applied to reduce the principal botanceof the SecondNoto described In Paragraph 11of this Nota and then
`debt prepaid will
`to reduce Ihe principal balanceof this Note.
`.
`A11prepaymentsof ghoprincipal balanceshalt ho applied by lander as follows
`ff.ta to (1mtportion of the principal balancerepresentingaggregatepayrnentsfor mortgage insurancepremiums;
`Fecond,to shatportion of the principal balancerepresentingaggregatepayments for servicing fees;
`. . ..
`.
`..
`..
`to that portion of the principal balancerepresentingaccruedhtterestdue under the Note; nm1
`: Ibird,
`of the principal balance,A Dorrower may specify whether a prepayment in to be credited
`Jourlh.totherenminingportion
`If11orrowardoes motdesignato
`to that portion of (hoprincipal balance representingrnonthly paymentsor the Ilnc orcredit.
`which portlan of the principal balance is lo be prepaid, Lender shall apply any partin! prepaymentsto an existing lino of
`enxtit or createa new line orcredit.
`
`PAYMENT IN FULL
`ÜMÁIEDIATE
`.
`.
`(A) Death or Safe
`Lender may require Immediate payntent in full of a11outstanding principa1nnd accracd interest it:
`Icast one surviving 11orrower,or
`(i) A Dorrowcedics and the Property Is not the principal residenceoral
`(ii) All of a Dorrowers 101aIn the Property (or his or her bencliclat Interest in n Irnst owning all er part of the Property) is sold
`or otherwise transferred and no other Dorrower retains title to the Property in fee simple or retalas a Icaschold under a lease ror
`less than 99 years which is renewable or a Icase 1mving a rernaining period of not 1cssthan 50 years beyond the date of the
`100th hirthday of the youngest Borrower or reinIns a life estato(or retaining a beneficial lnterest In a trust with such an Interest
`In the reoperty). .
`.
`. .
`.
`.. .
`(B) Other Grounds .
`.
`.
`.
`Lander may require immediato payrnent in lbll of all ontslanding principal and accrued interest, upon opproval by an
`authorized represengativeor the Secretary,if
`(i) The Property ceasesto be the principal residence of n Borrower for reasonsother thna death and the Property is not the
`.
`. . .
`.
`. .
`principal residenceorat 1castono other Borrower;
`(ii) For a period of Ionger than 12 consecutive months, a Dorrower fails to physically occupy the Property becauseof physical
`Icastone other Dorrower, or
`the principai residenceofat
`or mental illn