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• • ("~) "No/e." The note si ned by Borrow.er and dated August 24. 2007 ,will be called the "Note." The Note sho 'S thaI I owe Lender Thirty Three Thousand Eight l-lundred Seventeen Dollar ard 73/100 Dollars (U.S. $ 33,817.73 ) plus interest and other a lount~ that may be' payable. I have promised to pay this debt in Periodic Payments and to pay the debt in ful by September I, 2047 (F) "Property," TIle pr perty thai is described below .in the section tilled "Description of the Property," will be called the "Prope y." (G) "),oan," The "Loilll' means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under ~!.Note, and all sums due under this Security Instrument, plus interest. (Ill) "SUnts Secured," T e amounts described below UI the section titled "Borrower's Transfer to Lender of Rights in the Property" s metunes will be called the "Sums Secured." (I) "Riders." All Rider attached to this Sec.urity Instrument that are signed by Borrower will be called "Riders." The following iders are to be signed by Borrower {check box as applicable): o Adjustable Rate Ri r 0 Condomulium Rider 0 Second Home Rider o Balloon Rider 0 Planned Unit Development Rider 0 1-4 family Rider o VA Rider C] Biweekly Payment Rider IX] Other(s) [specify) LEGAL DESCRIPTION (J) "Applicable Law." II controllulg applicable federal, state and local statutes, regulations, ordinances and administrative rule and orders (that have the effect of law) as well as all applicable fmal, non.appe.alabJe, judicial 0 inions will be called "Applicable Law." (K) "Community' Asso iation Dues, Fees, and Assessments." 'All dues, fees, assessments and other charges that are impos d on Borruwer or the Property by a condomulium association, homeowners association or similar org nization will be called "Community Association Dues, Fees, and Assessments." (L) "Electronic Funds ransfer." "Electronic funds Transfer" means any transfer of money, other than by check, draft, or simi! r paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, 0 magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account So e cOllunon examples of an Electronic Funds Transfer are point-of-sale transfers (where a card such as a assel or debil card is used at a merchant), automated. teller machine (or AIM) transactions, transfers inil ted by telephone, wire transfers, and automated clearinghouse transfers. (M) "Escrow Items." T se items that are described in Section 3 will be called "Escrow Items." (N) "Miscellaneous Pro eeds." "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds pai by any third party (other than Insurance Proceeds, as defined in, and paid under Ihe coverage described j Section 5) for: (i) damage to, or destruction of~ the Property; (ii) Condemnation or other taking of all or ny part of the Property; (iii) conveyance in lieu of Condemnation or sale to avoid Condemnation; or (iv) isrepresentations of, or omissions as to, the value and/or condition of the Property. A taking of e Property by any govenunental authority by emUlent domain is known as "CondenUlation." . (0) "Mortgage In sura ce." "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. (P) "Periodic J!>ayment.' 11le regularly scheduled amount due for (i) principal and interest under the Note, and (ii) any amounts un,d $cctioll 3 wit! be called "Periodic Payment." (Q) "RESPA." "RESPA means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implement g regulation, Regulation X (24 C.F.R. Part 3500), as tIley might be amended from time to time, or a additional or successor legislation or regulation that governs the same subject matter. As used Ul this ecurity Instrument, "RESPA" refers 10 at! requirements and reHtrictions that are itnposed in regard to a" derally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" un er RESP A. 00883514 .'GAINYllo50B).O' Page20f 11 Ini,i.', I~ fitll-- ;; Form 3033 1/01
• • BORROWER'S TRANS ER TO LENDER OF RIGHTS IN THE PROPERTY I mortgage, grant convey the Property to MERS (solely as nominee for Lender and Lender's successors in intere.st) and its successors in interest subject 10 the terms of this Security Instrument. This means that, by signing th s Security Instrument, I am giving Lender those rights that are stated in this Security Instrument and al 0 those rights that Applicable Law gives to lenders who hold mortgages on real property. I anl giving Len er these rights to protect Lender from possible loss'es that might result if I fail 10: (A) Pay all the amoUllts th t lowe Lender as stated in the Note including, but not linJiled to, all renewals, extensions and modifieatio s of the Note; (B) Pay, with interest, an amounts that Lender spends under this Security Instrument 10 protect the value of the Property and Lender rights in the Property; and (C) Keep all of my other pr mises aud agreements under this Security Instrument and the Note. r understand and agr that MERS holds only legal title to the rights .granted by me in this Security Instrument, but, jf necess to comply with law or custom, MERS (a. nominee for Lender and Lender's successors and assigns) has he right: (A) to exercise any or aU f those rights, including, but not linJited to, the right 10 foreclose and sell the Property; and (B) to take any action re uired of Lender including, but not JinJit.ed to, releasing and cimceling this Security Instrument. DESCRIPTION OF THE I give MERS (solely described ill (A) through ( (A) The Property which is I Staten Island This Property is in Ri ehm nd description: SEE ATTACHED LEGAL DESCRIPTION ROPERTY . nominee for Lender and Lender's successors in interest) rights in the Property below: caledat 342 Winchester Ave [Street] [Cily, Townor Village],New York 10312 {ZipCode]. County. il has the following legal (B) AU buildings' and othe improvements that are loc-aled on the Property described in subsection (A) of this section; . (C) All rights in other pro erty that I have as owner of the Property described in subsection (A) of this section. These rights are kn wn as "easements and appurtenances attached to the Property;" (D) All rights thaI I have' tIle land which lies in the streets or roads in front of, or next to, the Property described in subsection (A) ,f this section; 00883514
Page 1: Return To: i • ISpn« Above Tbis
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Page 7 and 8: VI. BORROWER'S INTE EST IN THE PROP
Page 9 and 10: MERS, By: STATE OF COUNTY OF • Le

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