FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`OF FINANCE
`NYC DEPARTMENT
`OFFICE OF THE CITY REGISTER
`This p.ngeis part of theinsinunent. The City
`Registerwillrely on theinfornmtion provided
`by you on this pagefor purposesof indexing
`this instrument.'llie infonuntion on this page
`forindexing purposesin theevent
`willconir.ol
`of any connict with ther.cstof the document.
`MECORDING
`2005081700628001
`Document
`ID:
`Document Type: MORTGAGE
`Docunient Puge Count:21
`PRESENTER:
`BLACKACRE
`BA-05-2743QNS
`399 KNOLLWOOD
`SlJ1TE201
`WHITE PLAINS, NY 10603
`914-993-3344
`
`TITLE AGENCY CORP.
`
`ROAD
`
`.
`
`,
`
`,
`
`d
`
`COVER l'AGE
`AND ENDOltSIO1ENT
`Document Date:08 02-2fN)5
`
`PAGE ! OF 22
`Preparution Date:08-17-2005
`
`RETURN TO:
`ACCREDITED IIOME LENDERS,INC.
`16550 WEST BERNARDO DRIVE
`BLDG 1
`SAN DIEGO, CA 92]27
`
`Borough
`QUEENS
`
`PROPERTY DATA
`Unit
`Address
`Lot
`Block
`99-25 FARMERS BOULEV ARD
`Entire Lot
`10837 10
`Property Type: DWELLING ONLY - 2 FAMILY
`
`CRFN.
`
`...
`
`... or Document
`
`ID
`
`..
`
`CROSS REFERENCE
`. or
`Year.
`
`DATA
`Reel
`
`Page
`
`or File Number..
`
`MORTGAGER/BORROWER:
`MARIA O. FLORES
`99-25 FARMERS B.OULEVARD
`IIOLLIS, NY 11423
`
`PARTIES
`]MORTGAGEFlLENDER:
`MORTGAGE 1:1.E(TRONK REGISTRATION
`INC.
`SYST1iMS.
`4318 MILt.liR ROAI)
`FLINT. M1 48501
`
`Mortgage
`Mortgage Amoun
`Taxuble Mortgage Amount;
`Exeniption
`TAXFJh County (Basic):
`City(Additionpl);
`Spec(AddJdon
`TASF:
`MTA:
`_N_YCTA
`.Additional MRT1
`TOTAL:
`
`.
`
`. .
`
`:
`
`.
`
`$
`S
`
`S
`$ .
`S
`
`S
`S
`.5
`$
`
`352,000.00
`352JX)0.00
`
`1,760.00
`1520.00
`0.00
`880.00
`1,026.00
`0.00
`0.00
`7,186.00
`
`FEES AND TAXES
`142.00
`jRecording Fee:5
`!Affidavit Fee: S
`0.00
`,NYCRcal Property Tran.der Tax Filing Fee:
`S
`NYS Real EstageTransfer Tax:
`S
`0.00
`RECORDED OR FILED IN THE OFFICE
`OF THE CITY REGISTER OF THE
`. . *s
`CITY OF NEW YORK
`Recorded/Micd
`09-14-200512:09
`City RegisterFileNo.(CRFN):
`2005000512216
`
`.
`
`- __.
`
`0.00
`
`.
`
`.'
`
`City Re gister O fficial Signature
`
`

`

`FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`SecUon
`
`yet
`
`P10
`
`TO
`
`ReturnTo:
`Accredited Home Landers, Inc.
`Attn: Post Closing Dupt
`16550 West Bomardo Dr. Bldg 1
`San Diogo, CA 92127-1870
`PreparedBy:
`Accredited Horne Landers, Inc.
`A Califomia Corporation
`15090 Avenue of Science
`San Diego, CA 92128
`---
`
`[SpaceAbe ThbUseForRecordingDat1
`MORTGAGE
`
`WORDS1JSED OFTEN tN THIS DOCUMENT
`(A) "SecúEttylom ama;:." This document,which is dated August
`2 , 2005
`logetherú‡h all Riders to this document,will be calledthe Secutity Iristrument."
`(B) "Borrower." MARr.A 0. FWRES
`
`.
`
`.
`
`whoseaddressis 99-25 Farmers Boulevard
`Hollis, NY 11423
`'l" or "me."
`sometimeswill becalled "Borrower" andsometimessirnply
`(C) "MERS"
`is Mortgage Electronic RegistrationSystems.Inc. MERS is a separatecorporation that is
`acting solely as a nomince for Leader and Lender's successorsand amgns. MERS is .organizedand
`existing under the Iaw•.of Delaware.andhas an addressand Iclephonenumbct of WifBille Ad
`Flint,
`(888) 679-MERS. FOR PURPOSES OF RECONDING THIS MORTGACE,
`M1 48501-2026, tel.
`MERS ESCT1tEM.ORTGAGEE OF RECORD.
`(D) "Lender." Accredited Horne Landers, Inc.
`A Cayfomin Corporation
`will be ,caned "Rander.'
`is a corporation or association which exists under tlie laws of
`txader
`. Innder's addressis 15090 Avenue of Science San
`the Sta to of California
`Diego, CA 92128
`
`NEWYORK- SinateFamity- FannieMasIFreddleMacUNIFORMINSTRUMENTWrrHMERS
`-6A|NY|incono7
`
`Form3033 1101
`
`VMPMayi aaseAmminc19001521-rZ95
`
`BLACK4CRE'nT1E ACENCYCORP.
`399KNOLLWOOD ROAD. SUlTE 201
`WHITli PLAIN5. NY 10603
`TE).:(919)99H)14 FAX: 1914)9941433
`
`PGfntSosis n
`rmproW by a 1or 2 fanti
`dwarling onpy
`
`

`

`FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`(E) "Note." he note signed by Borrower anddatedAugust
`2, 2005
`the -Note." The Note shows that I owe Lender three
`hundred
`fift·y-two
`00/100
`
`, will be called
`thousand
`and
`
`Dollars (U.$. $352, 000.00
`)
`plus interestandother amounisthat may bepayable.I havepromised to pay this debt in PeriodicPayments
`1, 2035
`andto pay thedebt in full by fieptémbor
`(F) "Property," The propeny that is describedbelow in the section titled "Description of the Property,"
`will becalled the "Property."
`(C) "Lonn." The "I-can' meansthedebt evidimcedby the Note, plus interest, any prepaymentchargesand
`latechargesdueunder the Note, andall sumsdueunder this Security Instrument, plus interest.
`(H) "Sums Secured," 'lle amountsdescribedbelow in the sectiontitled "Borrower's Transferto Lenderof
`Rights in the Property" sometimeswill becalledthe 'Sums Secured."
`(1) "Riders," All Riders attachedto this Security Instrumentthat are signed by Borrower will be called
`"Riders." We following Riders areto besignedby Borrower [checkbox asapplicable]:
`8 Adjuslable RateRider
`CondominittmRider
`SecondNome Rider
`1-4Family Rider
`BalloonRider
`PlannedUnit DevelopmemRider
`Biweekly PaymentRider
`VA Rider
`Other(s) [specify)
`
`(J) "Applicable Law." All controlling applicablefederal,stateand local statutes,regulations,CMimce
`and administrative rules and orders (that have the effect of
`faw) as well as ali applicable final,
`non-appealable,judicial opinions will be called"Applicable Law,"
`(K) "Community Association Dues, Fees, and Assetsments,'' All dues, fees, assessmentsand other
`=
`charges tha) are imposed on Borrower or the Property by a co±±ium
`homeowners
`N.
`associaiionor similar organizationwill be called "Community AssociationDues, Fees,andAssessments."
`"Electronic FundsTransfer' meansany transfer of money,other than
`(L) "Electronic Funds Transfer."
`by checkedraft, or similar paper instrument,which is initiated through an electronic terminal, telephonic
`instrument,computer, or magnetictapeso asto order, instruct, or authorizea financial institution to debit
`or ewdit an accraunt.Sornecommon examplesof an Electronic FundsTransfer are point-of-saldIransfers
`(where a Eard such as an assetor debit card Is usedat a merchani), automatedteller machloc,(orATM)
`transacunhs transfersinitiated by telephone,wirc transfers,andautomatedclearinghousetransfck
`(M ) "Escr'ow Itenu." Wose items that aredescribedin Section3 will becalled "Escrow hems.'
`Proceeds"rneanseny compensation,r,ettlement,awardof
`(N) *Mispellaneous Proceeds." *Mkee!!aus
`damages.pr proceedspaid by any third party (otherthan InsuranceProceeds,asdef-medin, andpaid under
`(i) damageto, or destructionof, the Property; (ii) Condemnation
`the coveragedescribedin Section 5) for
`or oiher laking of all or any part of the Property; (iii) conveyancein lieu of Ccr,dersedicnor saleto avoid
`the value and/or condition of
`of, or omissions a'sto,
`r.i=p=ntations
`the
`Condemnation; or (iv)
`the Property by any av..,..,,...tal
`authority by emittent domain is known as
`Property. A taking of
`"Condemnation."
`"Mottgage Insurance" means insuranc.eprotecting Leodct against the
`"Mortgage Insurance."
`(0)
`nonpayrnentof, or default on, the 1.oan.
`(P) "Periodic Payment," he regularly scheduledamountduefor (i) principal and interestunder-theNote,
`and(ii) anyamouots under Section3 will becalled'Periodic Payment."
`"RESPA" meansthe Real EstateSettlementProceduresAct (12 U.S.C. Section2601 et
`(Q) "RESPA."
`seq.) and i'ts implementing regulation, RegulationX (24 C.F.R. Part 3500), as they might b6 amended
`from iime to time, or any additional or successorlegislatioli or regulation that governsthe samesubject
`"RESDA" refers to all requirementsand restrictionsthat are
`matter. As asedin this Security Instrurnent,
`irnposedirregard to a "federally relatedmortgageloan" evenif the Loan doesnot qualify asat"federally
`relatedrnortgageloan" under RESPA.
`
`s W ionostof
`
`Peo•2ofU
`
`Form3033No1
`.
`
`

`

`FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`.
`BORROWER'S TRANSFER TO LENDER OF RIGHTSIN THE PROPERTY
`I mortgage, grant and convey the Pmpetty to MERS (r.ulely n nommce for I.cnder and.Lender's
`successors.iointerest) and its sitecessorsin interestsubjectin the tenns of this Secutity Irutrumenn This
`meansthat, by signing this Security Instnunent. I am giving Lender thon: rights that are statedin this
`Security tristrumentand also thoserights that Applicabic Law cavesto Icnderswhu hohl tr.ongageson real
`property. I am givag Lender theserights to protect txnder (rum pombic foucs that might resuh if I fail
`'
`lu:
`(A) Payaltetheamounisthat I owe lander.ns statedin the Note including, but not limited to, all renewels,
`czgensionsand modifications of the Note:
`(B) Pay. with imerest. any amountsthat Lender spendsunderthis Security Instrurnemto protectthe value
`bf theProperty and I.coder's rights in Ihe Ptopeny. and
`(C) Keepall of my other promisesand agreementsunderthis Securityinstrurnent andsheNote.
`I un@rstandand ogreetha: MENS holds only legal iitle to the rights gramed by ine in this Sectarity
`instrurnent,but, if necessaryto comply with law or custom.MERS (as norruncefor Lenderand1xnder's
`successptsand assigns)he the right:
`(A) to exerciseany or all of thoserights, including, but not limitett to, the right to forecloseand sell the
`Property: and
`(B) to inkc any action required of Leader including, but not lirnited to', releasing and canceling this
`•.
`Security (ngtrument
`.I. e, : -
`DESCR1FIIION OF THE PROPERTY
`I give'MERS (solely asnornineefor LenderandLander'ssuccessorsin interest)rights in thtProperty
`'h
`6
`desenbedin (A) through (G) below:
`perty which is loc4tedatSS-25 Farmers Boulevard
`(A) The
`.IStrect]
`ICity,TownorVillage).New York11423
`ltip codej;
`County. It.has thefolldwing legal
`Addenduum page Attached
`
`Itollin
`This Pro 2rty is in Queens
`descriptidrd'see Legal Description
`
`dB) All buildings and other improvementsthat are tocatedon the Property describedin subsection.(A)of
`this section:
`(C) All rights in other property that I have asowner of the Propeny describedin subsectica(A) of this
`scellon.Theserights are known as'easementsandappunenancesattachedto the Pmpeny:*
`(D) All rights that I have in the Innd which lies in thestreetsor roadsin frons of, or neat lo, the Property
`desenhedin subsection(A) of this section;
`
`4AtMY)gooom.o7
`
`he 3•8U
`
`Form3o331/o1
`
`

`

`FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`tixtures that are now or in the future will be on the Propertydescribedin subsections(A1 and (B)
`(E) All
`of this section;
`(F) All of the rights and property describedin subsections(B) through (E) of this sectionthat 1acquirein
`the futuref and
`(G) All replacementsof or additions to the Propertydescribedin subsections(B) through (F) of1his scelian
`and all InsurancePrnecedsfor tossor danmgeto. andall MiscellaneousProceedsof the Propertydescribed
`in subsections(A) ghrough(F) of this section
`BORROWER'S R1GHT TO MORTGAGE TRE PROPERTY AND BORROWER'S OBLIGATION
`TO DEFEND OWNERS1UP OF THE PROPER1Y
`I promise that: (A) I lawfully own the Property; (B) I havethe right to mortgage, grant and convey
`the Propertyto Lender: and (C) there areno outstandingclaimsor chargesagaimi the Property, exceptfor
`thosewhich areof public record.
`I give a generalwarranty of inle to Lender. This meansthat I will be fully cesponsiblefor any losses
`whkh Lender suffers becausesomconeother than myself has someof the rights in the Property which I
`promiseIhat I heive.I promi.te thar I will defendmy ownershipof the Property againstanyclaints of such
`rights.
`PLAIN LANGUAGE SECURITY INSTRUMENT
`This Secµrity Intrurnent contairu pmnesesand agreenrnts that are used in real property security
`instrumentsall uver Ihe i.ountry. It also contamsadict prorrúsesand agreementsthat vary in differeni parts
`of the coumry. My promisesand anicementsarenated in ®plainlanguage."
`COVENÁ@S
`I p1ocuseand I .yice with I.mler a folinwr
`1. ftdgrnwer's Promise in Um.
`I will pay go Leaderon time principal and interest duelunicr the
`Note andany prepaymem.late chargesandniher anmuntsdueunder the Note. I will alsopay an amounts
`for liscmw hemsunder Sectic,n'3ni thn SecurityInurument.
`Paymentsdue urder the Nme ·.ndthis Security hutnmient shall be madein U.S. currency. If any of
`rny paymentsby checLor other payment ituirument is retuntedto Lenderunpaid, Lendernny require iny
`(b) mes:cyordes; (c) certified theck, bank c.heck.treasurer'scheck ar
`paymcin be made by (a) cr.h,
`cathier's check.drawn upon an Institution whosedepositsarc insuredby a federnjagency,instrurnentality,
`ar entity: or (d) Electronic FundsTransfer.
`Paymemsarc deemedreceived t>y Lender when receivedat the location required in the Note, of at
`anotherlocationdesignatedby Lender under Section15of this Sceurity Instrument. Lendermay return or
`acceptany.paymentor p.trtial paynrnt
`if it is for an amountthat is lessthanthe amountthat is thendue. 15
`Lender acceptsa lesserpayment. Lender may refuseto accepta lesserpayment lbat I may makem .the
`future anddoesnot wshe .my of its rights. Lxnder is not obligated to apply such lesserpaymentswhen it
`acceptssuchpayments If intereston pnucipal accrucsasif all Periodic Paymentshad beenpaid whendue,
`then Longlerneednoi pay intere•.ton utiappiled funds. Lcndermay hold sucli unapplied fumisuntil I make
`paymentst'nbnng the Loan currem. If I do not do so within a reasonabicperiod of time. Leader,wilt either
`apply such fundsor return them to me. In the eventof foreclosure,any unappliedfunds will be apdlied.to
`the uutstandinjtprincipal balanceirnmediately prior to forcelosure.No offset or claim which I fliight have
`now or lit the fumre against I.cnder will echeveme from truking paymentsdue under the Note and this
`Sceurity 4truinent
`or keeping all of my other promiscs and agrccinents secured by this Security
`Instrument.
`2. Ajiptication of Borrower's Payments and Insurance Proceeds. Unless Applicable I w r this
`Secilon2 requiresotherwise, Lender will apply cachof rny paymemsthat Lender acceptsin die following
`brder:
`I'irag,to pay interestduc under the Note:
`Next, gopay principal due under dic Note; and
`Next, to pay the amountsduc Lender underSectlon3 of this SecurityInstrument,
`Suchpaymentswdl beapplied to cach Periodic Paymentin theorder in which it becamedue.
`Any remainingamountswill be applied asfollowst
`First, to pay any late charges:
`Neat. to pay any other amountsdue under this SecurityInstrument;and
`Next, to reducethe principal balanceof the No c.
`
`.
`
`-6AINY.)sooon.of
`
`Page4atT7
`
`Farm•30331/o1
`
`

`

`FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`if Larjder receivesa payment from me for a late Periodic Paymentwhich includes a sufficient amount
`lo pay any)atechargedue, the payment may be appliedto the late Periodic Paymentandthe latecharge,If
`more than one Periodic PaymentIs due, Lender may apply any payment received from me: First, to the
`repaymentof the Periodic Paymentsthat are due if, and to the extent that, eachpaymentcan be paid in
`fulj; Next, to the extent that any excessexists after the payment is applied to the full paymentof one or
`more Periodic Payments,suchexcessmay be appliedto any late chargesdue.
`:
`Voluntary prepaymemswill be applied as follows: First, to any prepaymentcharges;and Next. as
`describedin the Note.
`Any a©pplicationof payments, InsuranceProceeds,or MiscellaneousProceedsto principal'due undër.
`the Note wlil not extendor postponetlie due dateof the Periodic Paymentsor changethe amountof those
`payments·.
`3. Monthly Payments Eor Taxes And Insur ance.
`(a) Borrower's Obligations,
`I will pay to Lender all amount!tnecessaryto pay for taxes, assessrnents,water charges,sewerrents
`and other sirnilar charges, ground leaschold paymentsor rents (if any), hazard or property insurance
`covering the Property, flood insurance(if any), and any required Mortgage Insurance,or a LossReserve
`as describedin Section l0 in the place of Mortgage Insurance. Each Periodic Paymentwill
`include an
`amountto beapplied toward paymk:ntof the following itemswhich arecalled "Escrew Items:"
`(1) The taxes, assessments,water charges, sewer rchts and other similar charges, on the Pmperty
`which' under Applicable Law may be superior to this Security Instrument as a Lien on the Propeny.
`Any claim, demand or charge that is made against property becausean obligation has·not been
`fulfilled is known asa "Lient"
`(2) The leaseholdpaymentsor ground rentson the Property(if any);
`(3) The premium for any and all
`insurance required by tander under Section 5 of this Security
`Instrument
`(4) We premium for Mortgageinsurance(if any);
`(5) The amount I may be requi'redto pay Leaderunder Section 20 of this Security Instrumehidnstead
`of thepaymentof the premium for MortgageInsurance(if any); and
`rp r
`(6) If requiredby I.xnder, the amountfor any Community AssociationDues, Fees,andAssessments.
`Aftebsigning the Note, or at any tlme during its term, Leader may include theseamountsasEscrow
`hems. The monthly payment I will make for Escrow lterns w.ill be basedon Lender's estimateof the
`e :
`annualanïountrequired,
`1will pay alf of theseamountsto Lender unlessLender tells me, in writing,
`that l do not haveto do
`so, or urtlessApplicable Law requires otherwise. I will make thesepaymentson the sameday that rny
`PeriodicPaymentsof principal and interest aredueunderthe Note.
`The·amountsthat 1 pay to lander
`for Escrow Items under this Section 3 will be called "Escrow
`Funds* r will pay Leaderthe Escrow Funds for Escrowhcms unlessLeader waivesmy obligationto pay
`the EscrowFunds for any or all Escrow Items. Lender may.walvemy obligation to pay goLcnderEscrew
`Fundsfor any or all Escrow Items at any time. Any suchwaiver must be in writing. In the eventof such
`waiver, I yill pay directly, when and where payable. the amounu due for any Escrow Itemsfor which
`paymentpf Escrow Funds has been walved by Lender and, if Lender requires. wd! promptly sendto
`regipts showing such paymcot within suchtime period as Lender may require My obligniton m
`Irrider
`makesuch aymentsandto provide receiptswill heconsideredto be a prommeand agiecrnentconisinedin
`Securg'
`instrument, as the phrase "promises and agreemenis"is used in Section9 of this Security
`shis
`I am obligated to pay Escrow Itenu directly, pursuantto a waiver, and I Inil to pay the
`If
`inurument
`amuumdisï:for an Escrow Item, tender may pay that amountand I will
`then be obligatedundESiction 9
`of this ScWuWtyJnstrumentto repay to Leader. Lender may revokethe waiver asto anyor AllEscrewlterns
`at any time by a notice given in accordancewith Section 15 of this Security Instrumeritandf upon the.
`revocasion;1 will pay to Lender all Escrow Funds, and in amounts, that are then requiredunder this
`Section3-
`
`6AINY|1000s).o7
`
`Popesofn
`
`Fonn3o33 Un1
`
`.
`
`

`

`FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`I proptise to prumptly send to L£nder any noticesthm I n:ccive of Escrow Item amountsE b p,tid.
`Lender will es1irnatefrom time to lime the amountof Escrow Funds1 will have to pay by usingexistmg
`assessmentsand bills and reasonableestimatesof the amount I will have to pay for Escrow ligmti.in.the
`future, unlessApplicable Law requires 1.zriderto useanothermethodfor determining the amooptLam·to
`pay.
`
`Lander may, at any time, collect and hold Escrow Fundsin an.amountsufficient to permit Lenderto
`apply the Escrow Funds at the time specilied under RESPA. Applicable Law puts limits on.the total
`amount of Escrow Funds Leader can at any time collect andhold. Dis total arnoumcannotbe more than
`there is another Applicable Law that
`the maximtim amount a lender could require under RESPA. If
`imposesa lower limit on the total amount of Escrow Fundslxnder can collect and hold, Lenderwill be
`limited to the lower amount.
`(b) Lender's Obligations.
`Leader will keep the Escrow Fundsin a savingsor banking instltution which hasits depositsinsured
`by a federal agency, instrumentality, or entity, or in any Federallfome Loan Bank. if Lander is such a
`sayingsor banking institution, Lender mayhold the Escrow Funds. Landerwill use the EnerowFundsto
`pay the.Escrow Items no later than the time allowed under RESPA or 0.therApplicable Law, Lenderwill
`giyo to me, without charge, an annual accountingof the Escrow Funds. That accountingwill show all
`additions to anddeductionsfrom the EscrowFundsandthereasonfor eachdeduction.
`Lender.may not chargeme for holding or keepingthe EscrowFunds, for using the Escrow•Fundsto
`pay Escrd Items, for making a yearly analysisof my paymentof Escrow Fundsor for receivhig or.for
`verifying and totaling assessmemsand bills. ]·lowever, 1.zndermay chargeme for theseservicepif..Lender
`pays me interest on the Escrow Funds and if Applicable Law permits lander
`to make suchantharge.
`Lender will not be required to pay me any interest or earningson the Escrow Funds unlesseither (1)
`Leader andrI agreein writiug that Lznder will pay intereston the Escrow Funds, or (2) ApplicableLaw
`.
`s
`requires binder to pay intereston the EscrowFunds.
`(c) Adjustments to the Escrow Funds.
`Under Applicable Law, there is a limit on the amount of Escrow Funds Lender may hold. If
`the
`then there will be an excessamountand
`amoum of Escrow Funds held by Lender exceedsthis limit,
`RESPA requiresLender to accountto me in a specialmannerfor theexcessamountof EscrowFunds.
`If, at·anytime, Lender hasnot receivedenoughEscrowFundsto makethe paymentsof EscrowItcrns
`when the paymentsare due, lander may tell me in writing that an additional amount is necessary,i will
`pay to Leader whatever additional arnoumis necessaryto pay the Escrow Items when the paymentsare
`due, but the numberof paymentswill not be morethan 12.
`When I have paid all of the SumsSecured,Lenderwill promptly refund to me any EscrowFundsthat
`arethettbeing held by Lender.
`I will pay all
`4. Dorrower's Obligation to Pay Charges, AssessmentsAnd Claims,
`taxes,
`assessmenits,water charges, sewer rems and other similar charges,and any other chargesandefinesthat
`may be idiposed on the Property and that may be superior to this Security Instrument. I winialso-rnake
`gr.oundrents or paymentsdue under my leaseif ( am a tenanton the Property andC-
`Assdciation
`Does, Fees, and Assessrnents(if any) due on the Property. If theseitems are Escrow Items, I will do'this
`by makinphe paymentsasdescribedin Section3 of this Security Instrument. in this SecurityIrùtrument,
`the word "Person" meansany individual, organization,governmemalauthority or otherparty. w '..
`I will promptly pay or satisfy all Licns againstthe Property that Inay be superior to this Security
`Instrument. However, this Security instrument doesnot require rne to satisfy a superior Lien if: (a) I
`to pay the obligation which gaverise to the superiorLien and Lenderapprovesthe way
`agree, ib writing,
`in which 1agreeto pay that obugation, but only so long as1 am performing such agreement;(b) in good
`I argue or defend against the superior Lien in a lawsuit so that in Lender's opinion, during the
`fahh.
`lawsuit. the superior Lien may not be enforced, but only until the lawsuit ends; or (c) I securefrom the
`•
`holder of that other Lien an agreemen . 1 •v
`in wri 1:
`a er, that the Lien of this Security
`
`8A(Ny)scoasto:
`
`6,.ser n
`
`remg30331t01
`
`

`

`FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`Insmiment is superior to the Lien held by that Person.If lander determinesthat any part of the Propenyis
`subject EPa superior Lica, 12ndcr may give Borrower a notice identifying the superior Lien. Within 10
`daysof the dateon which the notice is given, Borrower shall payor sátisfy the superior Lien or tike oneor
`more of the actionsmentionedin this Section4.
`Lender also may require me to pay a one-time charge for an independentreal estateto reporúng
`serviec usedby Lender in connection with the Loan, unlessApplicable Law does not permit 12nder in
`makesucha charge.
`5. Borrower's Obligation to Maintain Ituzard Insurance or Property Insurance. 1 will obtam
`hazardor '|iropeny insuranceto cover all buildings andnther imprnvonents that now are or in ibe future
`w.ill be, locatedon the Property. The insuranccwill coverlossor damagecausedby fire, hazardsnounally
`covered bý "Extended Coverage" hazard insurancepolicies, and any other hazards for which lander
`requires coverage, including, but not lirnited to earthquatts and floods. The insurance will be in the
`amounts(including, but not limited to, deductible levels) and for the periods of time required by lander.
`Whai Lender reqmrcs under the lasl sentencecan changeduring the tenn of the Loan. 1 may choosethe
`insurancecompany, but my choice is subject to Lender's right to disapprove. 12nder may not disapprove
`my choiceµnlessthe disapproval is reasonable.lander may requirerneto pay either.(a) a one-timecharge
`for flood zone de!mMWha,
`cerdfication and tracking services,or (b) a one-time charge for flood zone
`detcrntination and certification servicesand subsequentchargeseachtime remappingsor similir changes
`occur which reasonablymil:ht affect the flood zonedeterminalionor cerillication.
`If I disagrebwith the
`flood zonedemhn,;4r.,
`I may requestthe FederalEmergencyManagementAgency to reviev/qheflood
`zone determinationand 1promise to pay any feeschargedby the FederalEmergencyManagementAgency
`for its renew.
`If I fail to maintain any of the insurancecoveragesdescribedabove, Leader may oblain insurance
`coverage, at Lender's oplion and my expense.Lender is underrio obligation to purchaseanylparticular
`type or amount of coverage.Therefore, such coveragewill cover Leader, bin might or might not protect
`me, my equity in the Property, or the conlents of the Property, againstany risk, hazard or liability and
`might provide greater or Icssercoveragethan was previouslyin effect. 1 acknowledgethat the cost of 1he
`insurancesoverageso obtainedmight sigzdGcamlyexceedthe costof insurancethat I could have obtained.
`Any amountsdisbursedby Lender under this Section5 will becomemy idditional debt securedby this
`Security lostrument. Theseamountswill bearinterestat the interestrateset forth In the Note froriathe.date
`of disburst:tnent and will be payable with such interest, upon notice from Leader 10 rne.tequesdag
`payment..'
`.'
`'
`I
`All of the insurancepolicies and renewalsof thosepolicies will
`includewhat is kbown asa:?Standard
`Mongage Clause" to protect 12nderandwill name12nderasmortgageeand/or asan addidonal loss'payee.
`Die form of all policies and renewalswill be acceptabicto Lender. I2nder will havethe right A hold the
`policies and renewal certificates. If Lxnder requires. I will promptly give Lender all receipts ðf-paid
`premiumsand rènewalnoticesthat I receive.
`insurancecoverage. not otherwiserequired by Lender, for damageto, or
`I obtain any form of
`If
`include aStandardMortgageClauseandwill nameLeaderas
`destructiortof, the Property, suchpolicy will
`mortgagceand/or asan additional losspayee.
`there is a loss or damage in the Propeny, I will promptly notify the insurancecompany and
`If
`Lender. if Fdo not prornpily prove to the iruurancecompanythatthe lossor damageoccurred, thenLender
`maydo soi
`Thenignountpaid by the insurancecompany for lossor damage10the Prbperty is called tInsurance
`Proceeds.OUnlessLender and I otherwise agree in writing, any InsuranceProceeds,whetherer not the
`underlying6insurancewas required by lander, will be usedto.repair or to restore the damagedProperty
`is not cconomically feasible to makethe repairsor restoration; (b) the use of thodnsurance
`unless: (a) it
`Proceedsfor that purposewould lessenthe protection given to Lenderby this Security Instrumemiaor(c)
`Landerandalhave agreedin writing nut to use the InsuranceProceedsfor that purpose.Durin nhe.
`lod
`
`

`

`FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`that any repairsor m:Gradora are being made, Lender mayhold any InsuranceProceedsuntil it hashad an
`opportunity to inspect the Property to verify that the repair work has been completed to-Lender's
`satisfactiorl. Ilowever, this inspectionwill be done promptly. Leader may make paymentsfor the repairs
`and restorationsin a single payment or in a scrics of progresspaymentsas the work is completed. Unless
`Lender arid I agree otherwise in writing or unless Applicable Law requires otherwise. 1.£ndEris not
`cequiredto:pay me any interestor camings on the InsuranceProceeds.I will pay for any public adjusters
`or other third partiesthat I hire, and their fee:swill ant be paid out of the insuranceProceeds.1f ihe"repair
`or restoration is not economically feasible or if
`it would lessenlander's protection under thi,sSecurity
`Instrument then the InsuranceProceedswill be used to reducethe amountthat I owe to Lznder under this
`Securhy Instrument.SuchInsuranceProceedswill be spp)1edin the order provided for in Section2. if any
`of the InsuranceProceedsremain after the arnountthatJ owe lb Lenderhasbeenpaid in full, the i·emaining
`insuranceProceedswill bepaid to me,
`If I abandonthe Property, Leader rnay file, negotiateand settle any available insuranceclalenand
`I do not answer, wkhin 30 days, a notice from Leader stating that the insurance
`related matters. if
`companyhasoffered to settle a claim, I.Ender may negotiateand settlethe claim>The 30-day period will
`begin when thenotice is given. In elther event, or if Lenderacquiresthe Propeny under Section22 of this
`Security Instrument or otherwise, I give Leader my rights to any InsuranceProceedsin an amount not
`greaterthan the amountsunpaid under the Note and this Security instrument.I alsogive Lender any other
`of my rights (other than the right to any refund of unearnedpremiunu that I paid) under all..inturarwe
`policies covering the Property, if the rights areapplicableto the coverageof the Property. Leadermay me
`the insuranceProceedseither to repair or restorethe Propertyor to pay amountsunpaid under tlie Note or
`!
`this Security Instrument.,whetheror not then due.
`r.
`6. Bdrrower's Obilgations to Occupy The Property.
`I will occupy the Property an11use the
`Property as:my principal residencewithin 60 days after I sign this SecurityInstrument. I will eöntinue'to
`occupy the.·Propertyand 10use the Property as my principal residencefor at leastone year. The one-year
`period will; begin when I first occupy the Property. However, ( will not haveto occupy the Property and
`use the Propeny as my principal residencewithin the time framesset forth above if Lendertagreesin
`writing that 1do not haveto do ro. L.endermay not refuseto agreeunlessthe refusal is reasonable.I also
`will not have to occupythe Prop6rty and usethe Property asmy principal residencewithin the time frames
`set forth aboveif extenuatingcircumstancesexist which arebeyondmy control
`7, Barrower's Ob)lgations to Maintain Ánd Protect The Property And to Fulfill Any Lease
`Obligations.
`(a) Maintenance and Protection of the Property.
`I will not destroy, damageor harrn the Property, and I will not allow the Property Eodeteriorate.
`Whethernr not I am residing in the Property, I will keepthe Property In good repair so that it will not
`deteriorate or decreasein value due to us condition. Unless it
`is determinedunder Section 5 of
`this
`Security Instrumentthat repair is not economically feasible,I will prompdy repairthe Property if damaged
`insuranceor Condemnation(as defined in the dermitlon of
`to avoid forther deterioration or damage. If
`Miscellaneous Proceeds)proceeds are paid becauseof
`loss or damageto, or Condemnation óff
`the
`Property. I will repairor restorethe Property only if Lenderhasreleasedthoseproceedsfor such^putposes.
`Lender nisy pay for the repairs and restoration out of proceedsin a single payment or in ·alseries·of
`progresspaymentsas the work is completed. If the insuranceor Ce±=
`ion proceedsare noesufficient
`to repair or restoretheProperty, I promiseto pay for thecompletionof suchrepairor restorationt. m ·
`.
`.
`(b) Uender's luspection of Property,
`n;
`Lender, andothersauthorizedby,Lender, may enteron andinspectthe Property.They will dossöin a
`reasonablbinannerandat reasonabletimes. If it has a reasonablepurpose,Lenderrnay inspectthb insideof
`the homeor other improvementson the Property. Before or at the Elmean inspectionis made,liender will
`give menotice statinga reasonablepurposefor suchinterior inspection.
`
`-6AtN.v)poomoy
`
`PageOofg3
`
`Form3033 1/o1
`
`

`

`FILED: QUEENS COUNTY CLERK 03/02/2020 10:28 AM
`NYSCEF DOC. NO. 85
`
`INDEX NO. 711776/2019
`
`RECEIVED NYSCEF: 03/02/2020
`
`lf, during the application processfor the 1.oan,I, or any Personor
`S. Borrower's Loan Appt! W.
`etitity acting at my dhection or whh my knowledge or consent, made false, raisleading, or inaccurate
`statementsto Lender aboutinfonnation important to Lender in determining my cligibility for the Loan (or
`did not provide Lender with such information), Lender will
`treat rny actions as a d