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    OPTION ONE mortgage CORPORATION is a secured creditor of The DEBTORS for the principal sum of $163,272.65, plus accrued interest, costs and attorney's fees secured by a first mortgage on Debtors' residence. RON WILSON, SR. And LA RHONDA WILSON filed a petition for relief under CHAPTER 13 of the Bankruptcy Code on September 29,2007.

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    OPTION ONE mortgage CORPORATION is a secured creditor of The DEBTORS for the principal sum of $163,272.65, plus accrued interest, costs and attorney's fees secured by a first mortgage on Debtors' residence. RON WILSON, SR. And LA RHONDA WILSON filed a petition for relief under CHAPTER 13 of the Bankruptcy Code on September 29,2007.

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    161 views38 pages

    First Request To Foreclose

    Uploaded by

    AC Field
    OPTION ONE mortgage CORPORATION is a secured creditor of The DEBTORS for the principal sum of $163,272.65, plus accrued interest, costs and attorney's fees secured by a first mortgage on Debtors' residence. RON WILSON, SR. And LA RHONDA WILSON filed a petition for relief under CHAPTER 13 of the Bankruptcy Code on September 29,2007.

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    of 38
    UNITED STATES BANKRUPTCY COURT, EASTERN DISTRICT OF LOUISIANA. IN THE MATTER OF: CASE NO. 07-11862 RON WILSON, SR. SECTION “A” LA RHONDA WILSON DEBTORS. CHAPTER 13 OPTION ONE MORTGAGE CORPORATION MOVER MOTION TO LIFT STAY The motion of OPTION ONE MORTGAGE CORPORATION ("OPTION ONE "), Mover herein, respectfully represents that: 1. RON WILSON, SR. LA RHONDA WILSON ("DEBTORS") filed a petition for relief under Chapter 13 of the Bankruptey Code on September 29, 2007. 2, The Bankruptcy Court has jurisdiction over this proceeding pursuant to 28 U.S.C., §1334, and 11 U.S.C., §362. a: OPTION ONE is a secured creditor of the DEBTORS for the principal sum of $163,272.65, plus accrued interest, costs and attorney's fees secured by a first mortgage on Debtors’ residence. A copy of the collateral documents is attached hereto, in globo, as Exhibit 4 ‘The DEBTORS have become delinquent in the regular monthly mortgage payments. The due date of the last such regular monthly mortgage payment which was received was October 2007. The DEBTORS are presently in default for regular monthly mortgage payments for the months of November 2007 through January 2008, The amount due from the DEBTORS for mortgage payments and late charges is $4,872.54, plus attomey fees and costs. If the February I, 2008, payment is not paid, an additional $1,546.84 with a late charge of $77.34 after February 15, 2008 will be due. As reflected by the attached documents, MOVER is the holder of a Note and Mortgage on the following described property: THAT A CERTAIN PIECE OR PORTION OF GROUND, together with all the buildings and improvements thereon and all the rights, ways, privileges, servitudes, appurtenances and advantages thereunto belonging or in anywise appertaining, situated in COLE'S LANDING, PHASE 1, St. John the Baptist Parish, Louisiana, being a re-subdivision of a portion of Belle Pointe Plantation into lots designated as Parcel A, Lot B & Lot C, Lots 1 through 13, 34 through 57, 88, 89, and 105 through 121 situated in Section 91, T-11-S, R-7-E, Southeast District of Louisiana, East of the Mississippi River, Reserve. St. John the Baptist Parish, as shown on a plan of survey by Stephen P Flynn, dated October 10, 2005 and approved for subdivision by the St. John the Baptist Parish Council on October 25, 2005, by Ordinance No. 05-61, recorded as Act No. 262181, Map File No. 697, and is designated and more fully described as follows: LOT 51, 402 COLE'S LANDING, commencing 49.30 fect from a point along Cole's Landing, thence measuring 65.31 feet front on Cole's Landing to a point; thence measuring 120.00 feet along its River Pointe side to a point; thence measuring 66.06 feet in the rear along its River Pointe side to a point; thence measuring 120.00 feet along its Lot 50 side to the point of origination, All in accordance with the survey of Stephen P. Flynn, PLS, dated April 19, 2006. THIS ACT IS MADE, EXECUTED AND ACCEPTED SUBJECT TO: 1, Declaration of Covenants, Conditions and Restrictions dated May 1, 2006, and recorded as Entry Number 0264771 2. Mineral reservations as recorded in Entry #249845, 3. ren (10) foot utility servitude along the entire front of the property as shown on the above referenced survey by Stephen P. Flynn, PLS, dated April 19, 2006, 4. Twenty-five (25') foot minimum building setback line along the entire front of the property as shown on the above referenced survey by Stephen P. Flynn, PLS, dated April 12, 2006. Improvements thereon having a municipal address of 402 Cole's Landing, La Place, LA 70068 5. ‘The DEBTORS are in default for over three (3) months now, and OPTION ONE is unable to proceed against DEBTORS by virtue of the automatic stay. 6. Due to the Debtors’ failure to maintain the monthly payments, there exists the possibility that real estate taxes may go unpaid or insurance on the property may lapse because of the shortage in the Debtors’ escrow account, The Debtors’ delinquency on their mortgage payments forces OPTION ONE to advance its own monies into the Debtors’ escrow account which should properly have been paid in by the DEBTORS accordance with the contract of mortgage, on a monthly basis. ap If OPTION ONE is not permitted to foreclose on its security interest in the said residence of the DEBTORS, and if necessary, to evict the DEBTORS from said property, OPTION ONE will suffer irreparable injury, loss and damage. OPTION ONE seeks an order lifting the stay and for authority, if necessary, to evict the DEBTORS from the residence. WHEREFORE, MOVER PRAYS that on final hearing of this motion, that the automatic stay presently in effect pursuant to 11 U.S.C., $362 be lifted in order that it may foreclose on its security interest in the residence of the DEBTORS referred to above, that it be given authority if necessary, to evict the DEBTORS from the residence and that it have other further relief as is just. As further relief, MOVER PRAYS that should this case be converted to a proceeding under any other Chapter of the Bankruptcy Code that any order obtained lifting the stay will be considered a matter of res judicata alleviating the need of MOVER having to appear before this Court again to litigate this same issue. Respectfully submitted, THE BOLES LAW FIRM 1818 Avenue of America P, O. Drawer 2065 Monroe, LA 71207-2065 (318) 388-4050 BY: /s! D. Clay Wirtz D. Clay Wirtz (#22687) e e PO OTE NOTE Loan Number: 051073826 ADJUSTABLE RATE NOTE LIBOR Index - Rate Caps ‘THIS LOAN IS PAYABLE IN FULL AT MATURITY. YOU MUST REPAY THE ENTIRE, PRINCIPAL BALANCE OF THE LOAN AND UNPAID INTEREST THEN DUE. THE LENDER IS UNDER NO OBLIGATION TO REFINANCE THE LOAN AT THAT TIME. YOU WILL, THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT YOU MAY OWN, OR WILL HAVE TO FIND A LENDER, WHICH MAY BE THE LENDER YOU HAVE THIS LOAN WITH, WILLING TO LEND YOU THE MONEY, IF YOU REFINANCE THIS LOAN AT MATURITY, YOU MAY HAVE TO PAY SOME OR ALL OF THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN EVEN IF YOU OBTAIN REFINANCING FROM THE SAME LENDER. "THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE AND MY MONTHLY PAYMENT. THIS NOTE LIMITS THE AMOUNT MY INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE 1 MUST PAY. NOVEMBER 22, 2006 METAIRIE LOUISIANA Ine} icin! (se) 402 COLE’S LANDING, RESERVE, LOUISIANA 70084 (Proper Adres 1, BORROWER'S PROMISE TO PAY ‘In return for a loan that I have received, I promise to pay U.S.$ 163,400.00 (this amount is called "Prineipal’), plus interest, to the order of the Lender. The Lender is AMERICA’S MORTGAGE, RESOURCE, A CORPORATION (CFL\DRE # RML 286-0) Trunderstand thatthe Lender may transfer this Note, The Lender or anyone who takes this Note by transfer and wha is entitled to receive payments under this Not is called the "Note Holder.” 2. INTEREST Inerest will be charged on unpaid principal uni the full amount of Principal has been paid. Interest will be calculated on the basi of a I2-month year and a 30-day mooth. 1 will pay interest a yearly rate of 13.230 %. ‘The interest rate I will pay may change in accordance with Section 4 of this Note. ‘The imerest rate required by this Section 2 and Section 4 ofthis Note isthe rate 1 wil pay both before and after any default described in Section 1(B) of this Note. 3. PAYMENTS: ** See attached Balloon Payment Addendum (A) Time and Place of Payments {will pay principal and interest by making a payment every month | will make my monthly payments on the ist day of each month beginning on JANUARY 1 2007 | will make these payments every month, in addition toa fina! Balloon Payment payable at “Maturity as referenced in the atached Balloon Note Addendum, until [have pad all of the principal and interest and any other charges described below that | may owe under this Note. My monthly payments will be applied to interest before Principal. If,on DECEMBER 1, 2036 _, Istill owe amounts under this Note Iwill pay those ‘amounts in full on that date, which is called the "Maturity Date.” ‘MULTISTATE ADJUSTABLE WATE BALLOON NOTE MOR INDEX “Single Feit Sethe ; ~ en HUE ae oF THe ONIN gu DocMagie aman toass 68 ‘ror docmapi com {ill make my monthly prymens at 3317 N, 1-10 SERVICE ROAD, METAIRIE, ‘LOUISTANA. 70002 ora diferent place if equred bythe Note Hoe. (@) Amount of My In! Monthly Paymenss Each of my nial movily payments wl be nthe amount of U.S. $ 1,546.84 Ths moun may change (©) Monthly Payeeot Changes {Changes in my monthly payne wil fect changes inthe unpaid peng of lan and ithe ieee that T mest pays The Note Hole wil determine ny te Interest rate andthe changed amount of my moth payment in acordace wil Secon # of hs Not. (©) Applicaton af Payments Paymems received byte Note Holder wil be applied i he flowing ore: ()pepayment hares een {he Note: i) amocnts payable ude paragraph 2of he Security Insrumedt (etn below); (eres du ee ths Ne; Gt princi de unde hs Nae (Ine chrges de unde his Note 4, INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates ** See attached Ballocn Payment Addendum ‘he tres rte wl py may Gnege oo the st dayof DECEMBER, 2008 an coniht day every sith month teas. Each ae on which myers re could ange scaled a "Change Die (8) The odes ‘Begining with be fist Change Date, my interest rate wl bebased op a Index. The Index” isthe average oink offered rates for ix month U.S. callrsenamlnatd deposits inthe London mire (LIBR). ss Dubbed in The Wl Set Jura. Te mast reer dex gure ovale a of he fst bsines day ofthe month Sted preceding the ont in which the Change Dat occurs is call the “Current nex.” be fedex is no longer avaiable, the Noe Holder Wl eboose a sew index Ut Is based ypon comparable Information, ‘The Note Holder wl give me ale of is cole (€) Calculation of Changes Befoe each Change Date, th Note Holder wil elelte my new interest rate by ang, SIX AND 50/1000 percentage pins) (6.050%) the Caren inex. The Noe Holder il hen round he res of this on 0 te eet higher ase-eghth of one percentage pot (0.125%). Sabet thefts sed ta Section 4D) blow, tis rounded aszount wil be my new erst eeu the ext Change Date, "The Not Holder wl hen ermine te amount ofthe mony payment ht woul! be sles to epay the ‘ungid pica am expected to owe at he Change Dat a allo he Maury Date a my new intrest le ebay quel payments. Theres a hs aclation wl be the sew amet af my wontly payne. (0) Lies on Interest Rate Changes ‘The terest team required pa athe int Change Dae wll ot be greater han 14.230 Yor lesstan 11.230 %, Therefor my inlrs ate wl never be inereased er decreased on any single Change Date by narethan ONE AND 00/2000 percentage poi) (1.000%) from erate of interest Save been paying forthe peceing six months In no event wil lees rae be greater ian 17.230 Sorksitan 11.230 %, (fective Dat of Changes ‘My ne terest ote wl aco effective om each Change Date I wil pay the ano of my nev monthly payne begining o heist monly payeat de after the Changs Dat unl the amount of ny mathly payment ‘changes agin, (F) Nove of Changes ‘The Not Holder wl deliver or malo mea soc of any changes in my nteest rate and he aout of my monty pymeat before the efecive dnt of any cage. The nde wil inode information required by lw tobe igen mand ls fhe ie ad elghone numberof person who wil answer any quesion {may have regarding he RE EEE mL aa aay ease Shine Page 2ats oo 5. BORROWER'S RIGHT TO PREPAY ** See attached Prepayment Note Addencun. have the ight to make payments of Pini any tne efre they ae de, A pyrent of Pci only {skzown asa"Preayment.” When makes Prepymes, ll the Noe Holder in Weng tata ding 0. 1 may ot designe 2 payment 34 Preaymeat If Tbave nt made al he manly payment de nde this Not Tey make al Prepayment or paral Prepayment widow payieg any Prepayment charge. The Note Holder wl use my Prepyrents wo reduce he amount of Pincha hat owe under ts Note However the Note Holéer ‘ay apply my Prepayment tothe accrved ad apa Ines onthe Prepayment amount before applying wy Prepayment t ret the Principal moat ofthis Note IT make apart Prpaymert, there il Deno changes inte di dts of my ony payments oles the Note Hole apees in wo to tose changes. My pata Prepaymest nay edce the amnunt af my monthly payment afer the ft Change Dare folowing ry Faria Prepayment. However any reduction de omy paral Prepayent my be offset by an interest ae increase 6, LOAN CHARGES: Wala, which apples la hs loan and which es maximum lan charges, Sally Interpreted so that he Interest othe lan charge collec oo be cllecd In eonsection wth fs fous exceed the erie ins, then (any sch as charge sal be reduced y the amt! necessary to dae the charge the pelted ted (i) any sums already elected from me which exceeded pele Lint wil be rfeded fo me. The Note oder ay chose ath efund by reducing the pincipal Tome nde hs Note or by making diet pymest tome, If send eeuces pail, the rdoctian wll be ete sa paral repayment, 7. BORROWER'S FAILURE TO PAY AS REQUIRED (4) Late Charges for Overdue Payments It the Note Holder bas ot received the fll aout of any mow payment bythe end of 15 Calendar days afer te does de, il pay ae charge othe Note Hokder. The aout ofthe charge will be 5000 % of my ovedae payment of pricipal and nee. I wil py this late charge promptly but ely once on each payne (@) Default 111 do ot py tefl mut ofeach mom payment on he date iis de, Ll be in defal 11am in eo, he Woe Holder may rege reo pay iramedaly he ul aust of pcp whlch hasnt ben pad and di lotro that | ore on at oun, togeter with any ther charges tht Fowe under his Nee the Secuy Tasratent excepts oberfse egled by appeal aw {Cio Waiver By Note Halder [Even fata time when Lam in defo. he Note Holder does not rea me o pay lmmedaely in fal as esrb ove, he Note Holder wl sl have be ight to dos fT aia deta ata ater tne {@) Payoient of Note Holder's Costs and Expenses, he Note Holder bs regaled me to pay immediately nfl as described above. the Noe Hole il have the ip oe ald back by me ral of is cot td expenses in enforcing hs Note he extent 20 pried by fpplieabl aw, wheter or nol lawsuits Med. Those expenses include, fr example, reasonable aoe’ Tes, 8. GIVING OF NOTICES ‘nes aplcable aw requires differen meta, any nace ht mest be ven tome unde his Noe wl be ven by delivering itor by aig iby ie cas malo meat tbe Propery Adres above or at erent adress II give the Not oer note of my reat aes. “Any noc hat mote giant Node Holder wider dis Note willbe ven by malig itby Test css mail tothe Note Holder the aves stated Secon 3(A) above or ta iflerent adres am given tee of hat erent adress. Pa AS aE WaT BALLOON WOT ‘avis Ca miners THGRDE Seger aoa owateape cr 9. OBLIGATIONS OF PERSONS UNDER THIS NOTE It more dha one peron signs che Noe, each pron ie fell ad peony oiigated to keep all of he promises made in his Not, locading the promis 10 py the ell amount owed. Any person who s 3 guaran, Suey or endorser of is Nate fs an ebigsted oo hese things. Any person who (hes ever these olga, including te obligation of garantor,sretyoeadrse of is Nate, i also obligated to keep lof the promises rade inthis Note. The Note Moder may enforce sighs weer this Noe agansteach person avidly or als Ailes together This means tht any one fas may be eid pay al of he amounts owed unde tis Noe 10. WAIVERS and any fbr person who has cligetors under this Not wave the gh of presentment and matice of Aishonr."Presenien” means the cght to eqirethe Note Holder to dena poymea! of amounts de. "Notice fof Dishonor means the ight orgie he Note Helder o give moc oe persons hot amoun' bare ne ben pa 11. SECURED NOTE Tn addon ote potcton given tothe Note Holder under hs Noe, 2 Mortgage, Deed of Tris or Secu Deed Ie “Seearty Insrvmen) dated the same dea ths Note, protec the Note Hoe fom possible loses ‘which nigh es 1 do et hep te promises tat make ads Nae. That Security Insrunent describes how {od ueder what condtons may be required ake immedi paymen’ fll oll amoun's owe under his Note. Some of hose candions are described allows “Teanfer ofthe Property or Beneficial Interest fo Borrower. Iallor any prtfthe Property or ay ineret ni slo atfered (ri Bnei interest in Borower is sold or wasfered ‘td orower's ot mtr! person without Lender’ por ween conse, Leder may, ais optn, eau mmediate payment nul al sums secured by hs Seer Isrument. However, his oon ‘hall oot be exercled by Lender isch eres probed by federal law as ofthe date ofthis Security Insrament, Leer as shal ot execs ts opin Uf () Bartow cases to be soba ‘to Lender lformattan requ ty Lender evlatteinended vansfere asf new loan werebeng Imad th irseres sd () Lender reasnably determines that Lender's sec wl at be ngied bythe loan ascumptan aod tht the risk of breach of any eoveran or apeenet in this Seay ‘nsroment aeeple to Lene. "Tre eto pected by Applicable La, Lener may charge a reasonable fee a2 coition to Lender's eanseat the lunassupon. Lender may also require he ransfere to sign an assunpton ‘geet hat i accep Leeder and that cigs te transferee to hep ll the promises and geet def the Note nd nth SoceiyInsrunent. Borrower wil ondaue to be obligated de the Not adi Sew) Instrument unless Lender cleases Borrower in wing, TE Lender exercises the opin fo require immedi payment ul Lender hl give Borower vice of necleton. The ate sal provide period of mot shan 30 days rom the dt the oie ‘Selvered or male within which Hooter mas pay ll sums secured by ts Seer Instrmest Borrower fils 1o pay the ses plo tothe expration of ts period, Lender may invoke any ‘remedies permed by te Seer Inromen! wlio! Fer woke or derand on Borrower. {ia nek “Shi en — Tacos Sa \WFTNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED. Fe Fade ous (sa TARHONDA GRINES WILSON Borower RON J. WILSON, SR. Borrower (sean Bocrwer (sa) (saa “Borrower Borrower "NE VAREITUR" FOR IDENTIFICATION WITH AN ACT OF MORTGAGE GIVEN BEFORE ME/TYIS.22ND. DAY OF NOVEMBER, 2006 {ign Original Oni) Sorin “Saye ran caeoe Page 5045 ee re a ATRUE COPY 1 OASSELLISS nny Rusuic INTHE SAPTIST STATE OF LOUISIANA eel PREPAYMENT RIDER Loan Number: Date: NOVEMBER 22, 2006 Borrower(s): LARHONDA GAINES WILSON, RON J. WILSON, SR. THIS PREPAYMENT RIDER (the "Rider") is made this 22nd day of NOVEMBER 2006 and is inonporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust or Security Deed (the “Security Instrument") of the sume date given by the undersigned ("Borrower") to secue repayment of Borrower's promissory note (the “Note in favor of AMERICA’S MORTGAGE RESOURCE, A CORPORATION, ("Lender"). The Security Instrument encumbers the Property more specifically described in the Security Instrument and located at 402 COLE’S LANDING, RESERVE, LOUISIANA 70084 (Proper Ades) ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the Security Instrument, Borrower and Lender further covenant and agree as follows: ‘A. PREPAYMENT CHARGE ‘The Note provides for the payment of a prepayment charge as follows: 5 . BORROWER'S RIGHT TO PREPAY; PREPAYMENT CHARGE have the right to make payments of Principal at any time before they are due. ‘A payment of Principal ony is known asa "Prepayment." When I make a Prepayment, | will ell the Note Holder in writing that I am doing so. T may not designate & payment asa Prepayment if have not made all the monthly payments due under the Note. ‘The Note Holder will use my Prepayments to reduce the amount of Principal that | owe under the Note. However, the Note Holder may apply my Prepayment to the accrued and uapaid interest on the Prepayment amount, before applying my Prepayment to reduce the Principal amount of the Note. If I make a patil Prepayment, there will be no changes in the due dates of my monthly payment unless the Note Holder agrees in writing to those changes It the Note contains provisions fora variable imerest rate, my partial Prepayment ‘may reduce the amount of my monthly payments after the first Change Date following my patil Prepayment, However, any reduction due to my partial Prepayment may be offset bby an imerest rate increase. If this Note provides for a variable interest rate oF finance charge, and the interest rate or finance charge at any time exceeds the legal limit under ‘which a Prepayment penalty is allowed, then the Note Holder's right to assess a Prepayment penalty will be determined under applicable law, If within TWENTY-FOUR ( 24) months from the date the Security Instrument is executed I make a full Prepayment or one oF mote partial Prepayment, and PREPAYMENT RIDER DocMapic Game s00.645.62 ou22008 Page 1 of 2 ‘ww docmepic com 1 pal daring theft yer fom the date brea, TWO petcen (2-000. %) afte porn of sich prepayment quo the pina zou so prep 1 pl during te second yea from the dae hereof, ONE peren'{. 1-000 3) ofthe pron of sack prepayment equal othe placa moun so prepaid gold during the hed yea fromthe de Berea, N/A pecea(. N/R‘) of the potion of sich pepayment qual othe placa aroun so prep pd daring he out ear from the te bere, N/A percen (N/R) of the pordon of uch prepayment qu othe princi mous so pep AE pi daring te fh yer fom the date heen, N/A. percent (8/28) ofthe portion of ach prepeyzent equal othe pina amount o prepa BY SIGNING BELOW, Borer aceps sod apres lo the terms and provisous conten this Addendum ~ 1 Af NO 22 2008 NOV 22 2006 elle, suse ull 9" * Le. J. torfe b fonower LARHONOR GATES Ome Haroner RON J, WELSON, SR. Dae WILSON ‘Borrower Date Borrower — Dae Borrower ~ ‘Date Torrower Dae = ‘och ag mnt Size ann og 2012 Sromage coe BALLOON NOTE ADDENDUM Lomn Number: 052073826 Servicing Number Dae: NOVEMBER 22, 2006 ‘This tsa BALLOON LOAN, Thetermof tbe loan 4020 years. This aus tht wile your monthly ‘syst amounts amortized accordance wih a 40 yea lam erm, thous payatle a ul a THIRTY (a0 year from the atthe lam is made. AS a esl you wil be equied o repay teenie realaing pric alc, together with acred lnerest, late charges, If ay, an all arancemens mate by the Tender unde he ers of hs loa in THIRTY (3) yeas fom te doe on which he loa sade The lender bas wo obligation 40 refinance this loan a the end of tem. ‘Therefore, you may be ‘equied orpsy he loa tof ee ass you may a, oF You may have to fnd ater ender wing te refine the oan “Asuning this Inder r another lender efinaces his oa t mater, yu wl probably be charged inet ot atk eaten pevaling a tate which maybe considerably higher a lower han the interes Fae pions loan. "You may ls ave gay some oral ofthe cing cx ocmalyassoclred wi the new mortgage laos eve If jou cba refinancing from th same ede. hell Wine lee ou Lec Tatpard—an RILSON san Borrower ean) (sea ‘omrower Borrower [OSIRIA AooW NOTE ADDN. pari ig aur at Sater ‘Seog cm ALLONGE TO NOTE (CORONE LENDER) ‘This allonge makes reference tothe following Note: Loan Number: 051073826 Servicing Number: Date: NOVEMBER 22, 2006 Note Date: NOVEMBER 22, 2006 Loan Amount: $163,400.00 Borrowers: LARHONDA GAINES WILSON, RON J. WILSON, SR. Property Address: 402 COLE'S LANDING, RESERVE, LOUISIANA 70084 ‘Therefore, in reference to the captioned Note, the following applies: Pay tothe order of; CPTION QE MRIGEGE CCRECRATION, A GLIKERWA CORFATIN, 3 ADR, IRVINE, Ch 90618 Without Recourse AMERICA’S MORTGAGE RESOURCE, A CORPORATION By: aang el) riot Signer « Name pevERLY ZELLER ASSISTANT VICE PRESIDENT Print Signer's Title ‘AGONGE TO NOTE ‘Gono fenaen ‘cme Rang swank Eliana DeFrancesch, Clerk of Court Parish of St. John the Baptist Att tn 0271223 AMERICA’S MORTGAGE _RESOUR’ Recorded On: 12/08/2006 02:04 P S517. I-10 SERVICE. ROAD MBTAIREE, LOUISIANA 70002 space Ave TH tn or Reading Da) MORTGAGE DEFINITIONS: ‘Words we in mull sets ofthis dacumet sre dced low and oer words are deff Secon 3 1, 1318 20and 2). Cerin res earig he ge of words sed lis Cocumet rel provided in Seton 16, (A) “Security Instrument” mers this acumen, whch sed NOVEMBER 22, 2006, topeber hall Riese hs document @). "Borris LARHONDA GAINES WILSON AND RON J. WILSON, SR. WIFE AND HOSEAND orower is the gga nde te Seat nstumen (@ "Lender" RNERICA'S HORTGAGE RESOURCE Linders CORPORATION one tnd enisog under the laws of | LOUISIANA taaderselessis 327 N, I-10 SERVICE ROAD, METAIRIE, LOUISIANA ‘70002 Lender's ox Meet mabe «Lender the morgage under tis Seerty lesan (0) "Nat means he promisry st signed y Borer and dated NOVEMBER 22, 2006 ‘Te Noe ses that Borwer owes Lender” ONE HUNDRED SIXTY-THRES THOUSAND FOUR HONORED AND 00/100 Dols (US.5 163,400.00) aoe rene Fog a na ge cat CLERK OF COURT PAPERS Say as iatest, Borers prised ay ths din es Pero Payments ant py the in illo ter than DECEMBER 1, 2036 AE) "Property" means roger tee ered blow der te heating “Transeo Rg Ince Propet. Gy “Loom meant et eiencedby ie Nt, ph tert, ay prepayment charges ie carges at ader he Note, anal sn ae under as Seer Inset, is eres. (0) Wades: meus Eiders seer sumer tare exes by Borrower, Alerts Secesty drut edn i be pt ofl Ser naroment fly lacporae been. The llowing Risers sto be execu by Bosove checkbox sapliae: (Bl Adjsubl te Rider [B Pluened Unit Development Rider [i Baleon Rider {EBiweky Paymeat Bier Dy 14 Pamty Rider 1D Second Home Rider 1B Condon Ride [Bl Omer) sec PREPAYMENT RIDER (G9 “Applinbe Law” mcasallconoling apse fede, stead ll sates, regaatos, rane sat CPawarkie ero orders hat hve he eect of av) a well 5 aplale ial, wom appeal iit ‘inas to oswnuntyAstecatien Dues, Fee, nd Assoments eas all es, es, assessments ad te charges ‘Paar inpuned on Bornes of he Pope bya cosdominum scan, omeowouswsecaon oar ‘razon HP etetrone Fands Transfer" means any wanfer offs te than 2 aston oie by chek, a, rsa pepe lsrmet, which shed Osoaph a econ tell, eponk sre, comptes, ‘Tag pes 3 ode, in, o aor asc ison fo debit or credit eon. Such em Teer, ba soe hmtedo.poloof sal wees, anlomsted teller mace tasoctons, tf ald by tlephone, wie tates, sa samt clearinghouse easter. (00) "Escrow ens! meas ams tha a deserted a Seton 3. 0). ‘Ascalaneous Proceeds" meus ny compenalion selene ard of damages. ot races pid by any {ns pry ater ta rence proceeds pd nde he xveragesdsebed ia Seton 8) or: damage oF par tke Property condemnaon or abe lg ofl ray part of he Property: i conveyance It ‘ena conronatn or isepesetatrs af, oasis a, he vate aor codon ofthe Proper. (nd) "Morigagetsuranes” men insrnce rect Lender gaint nopeymeat fo deta on, he Laws (X). “Pera Payment meas he regulary tehedaled ameunt de for () pip ad interest unde be Noe, pis i ary amon une Stn 3 of is Sear Instrument. TO) URESPA" means th eal Ete Setlement Procedures Act (12 U.S.C. $260 et seq.) ands imphnestog (hander, Reaaton X(@ECER. Pat 3500), hry might be ended fm ine tone o any sonal or carer kgltn er rpulaon tn pets the same Sbjct mae. As used in hs Seay Drone, Fee Rh Segatonens and one bat enone near aoe reaed mclgg Cr hc Las des nt quly 4 Teer rete erg lan” under RESPA {By “SovceurnTteret of Borrower” mets any pry Ht has ake eo the Property, whee at at (ley basset Borowe's ellos under the Now adr this Sear Instrument ‘TRANSFER OF RIGHTS IN THE PROPERTY ‘his Secu strane’ secures Lender; () she repayment of the Loan, antl renwal, extesons a4 ‘Moneoaos ft Se, at the afemance of Borower's evens and agreemets wd hs Seay a a Isiroment nd he Noe For ths pepe, Boromer does hereby artgage, gant and convey fo Leer and Lenders [Succars nd esp, wih power as, the oiowiag described property located I the PARISH of SP. JOKN THE BAPTIST pe ot tee (Ban art ate SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF AS exnrssT A" which crendy hs bene of 402 COLE'S LANDING [eet La PLACE, Lovins 10068. ("Propey Adres (iy (aca TOGETHER WITH all he lngrvemeats sow oF hereter erected om the propery, and al enenens, pecans and Hares voor hereafter at of the ropa. Al eplcemens and alors stall abo be ‘very Seer Iestoment Alo he frgsing leeds Scary trent stb “Prope. ‘BORROWER COVENANTS hat Borrowers awl solsdof th estate hry conveyed hs the ight to martgage et en hypinecate he Proper a that he Property ir ueeombered, excep for enero of cng error wavassan i defo erly te ete Property agua al cms demands, abet {any encumtearces of cad “Ts SECURITY INSTRUMENT combins form covennsforsaonal we and on-aform covenants wih ‘unt vara by Jeti oes nifors srw strment covering ce propery. UNIFORM COVENANTS. Borrorer and Lender covenant ad pee flows 1. Payment aia, loteresy Escrow Kem, Prepayment Charges, ndLate Charges. Borrower shall ay es doe pinczl oft teres onthe db evened by he Note a ary prepayment cages an att ‘age doe wader be Nae Borrower sulin py ands fr Escrow Tes prs to Sectn 3. Paymens dot re the Now and hs Seay Istrumet stall be mae in US. corey. However any check o Der irae esive by Lever payment ude th Hote this Securitas eterno Lene psd, Tender seule ht ny ral tbeqaet pyres ue user he Note and his Security Insramet he ma in ‘mor maréeloe flowing forms os sete Lede: () es) money rer) ere bck, bank check, (testes checkor ethe shh, provid ay Sch checks awn pon 2 nstaonwhs depos arsed bya eden agency, lsromentaiy rently or) Hlctone Funds Tran. Daye ae deme reseed by Lender wea rervl a he loalon designated athe Note a a sch ther oct a ye ested by Leder acorn ih enti provnos in Set 15, Leder may eure ‘iy panna of porte! payment he yea or ar payments rence ring the Loa caret, Lender nny ice ny payee or pl pyre eae! to ing the Lon cael wiht waver of ny ps xan! or pees os gh to selese sch yet or pr pees he fare ut Lender 0 RRR To an RTT gtd to apy such payments ot be ne such puyol ae accel, I each Ped Paymen pple a of {sschedaled ont, the ender ned nt ay ners os apple fads. Lender may had such wp fonds tn Borrower aes pyre ring he Lat caret. If Drone doesnt dos iia a reasonable pero of Ue, Lender sal ie ply sch ads or tra hem oBorower. feo appled eae, schfnds wil be tepled othe etstundng princi tlace unre Note ssedaely pie foreclosure. No oft or cain ‘neh Berower ight ven or he fue galt Lede shall reeve Bosrome frm making payee Under te Note ath Seruy Israel or peforag the coverans and agreements scared by as Seay Trsranet 2 Application of Payments or Proceeds, Except soberise dscrbed In hs Seton 2, all payments aceped od apled by Lede tal be appli be flowing ore of poy (interest de under oe Now {o pcp de oder te Not. (0) amounts do unde Secon . Such aymens hl be ple teach edhe Dayeet athe order wich Decne do, Any remaetog anual Sal be apie fst le charges, seo to any other mounts doe des Secs Istunent end hx tredce he enipal alace of te Note ‘Lender receives pyieal fam Bomomer for Jelinqueat Parodie Pyuent which nes sient smut yy nytt charg oe te payne maybe applet the ligueatpymea an he charge I Imre tan oot Ped Payment sounding. Lender my api any payne recive (om Bortower he repayment of the Perl aymet tf, a he exe hat, each payne an Be afl. Tote exe that ny tsces eas arth aes sapped the laymen of ne or moe Pere Paymes such exes ay Sept ony late chrges do. Vaantaryprepsymen shal be spl est any pepayet cares hee 1 desolate “Any aplaion of yeas, ierae proceeds, or Mlscallaneaes Proce to praia ue under the Note Sha nat eaten post he edt, or charge te sunt, ofthe Prac Payments 5 Funds for Eserow lens. orower hl py to Lender onthe dy elo aymens are dc unr the Note uni the Not pda full, so he Funds) wo provide er pymeat of amoan efor: () aes and sessment nf ober whi xn tan pri ovr secur Ismet a kno eneunbrance othe oper) Teasld pyres o rand cei on the Property, an (2) pms fray and all sane ested by Lend ander Seon 5 an (@) Mortgage erate prema, ny, or ny sm sable by Borrower to ender I ea of th paynent of Maigag nrc premiums n accordance wie provisos of Scion 10 ‘Thesetemsareclled Estos," At rato oa sy me daring he term othe Lom, Lente may ere that Commu Associaton Dass, Fes an Arseneau, be escrowed by Barone, aod such ds, esa ‘Ssesments shal be on Escrow ls Barowe shal prep fers o Lender all wots of aout be pid ier hs Soaan, Borrome ll ay Lender the Fond fr Escrow lems anes Lender wales Borower's thio oy te Bund foray orl Exo lems. Lender may waive Borrower's obligation (py to Lender ands foray a sco tems any tine Any such waver my only be in wring Inte eet of sch wae Borrower sal pay diet, when an wre pyle, te aoe Je fr ry seo Ten fr which aye ads hs bee wale by Lanter nd Leer eles, sal rh to Lender recs eng sec aye ‘tn sch peda Lander may rege. Borove scan to mekesuch ppnents ad provide eteps {afr pps edeeme oe a cvesat nd weet come ahs Seer Iau, he st “Covent and apeemen” sed in Secon 9. If Borower x cligaled apy Escrow Ions det, purssan © ter, ad Barower also py the oun ue fran sero ey, Lene sy eer Ws gh der Secon ‘td poy sth amo od Brower sal en be gael under Scion ® repay o Lander ay such wou. Lederinay reve the waivers yo all xo Kes tay in by anode va in acorance ih Seon 1S od, ep such reveal, Borower al py to Lander all Fonds, sn sch emouss, tare hen ore waders Seton 3 Lender ya aye clec a bad Fes ia aout (ull wo pert Leder to apply he Fads atthe tie sect wades RESPA aod) eto exceed te maximum amet eer can ru der RESPA, eer sal exit he anno Fans oon he as of un! ata md reasonable esate of ependires tf farce Escrow lems or beri In accordance wih Aplible Ls oT Se Fey Ta Maa TE ESI ASTRON ac rag ara aan aga Tormcastins “The Fads shal be eld in an inion whose dpa re sured by eer agency, siren estiy(ncadng Lender, if Leader aniston whose depos rs ned rin any Federal Home Loan Bok ene sal ply th ud py he sero ems oar han the ine pele nie RESPA. Lender ‘Dalat cue Bornes or dig ed ppying the Fos, neal alg the esr aerator verng the Exo lems nos Lencer pays Borowe net onthe Fan and Apple Law prt Lender to make cha ture hess an ageemenis made in wl ov Appble Law requester o be ald on he Fd, {eae sal wo te eed pny Barrome an nro ennings onthe Funds. Borrower an Lender can ret In wr. bawever, hat ners shal be lds the Fons. Lear shal giv Barter, witout charge, 20 anal ccoming of he Feds as reued by RESPA. ‘heres rps of Fas be necro, a8 defied under RESP, Lender shal acne 0 Brome for ‘heencrn fons eceardece wid RESPA, [fete la sbrage of ands edn excrow, 8 ele ender RESPA, Leos ot Borrower erred by RESPA, aod Boros pay to Lender he aut acer ook {pth shoring in acrrdace with RESPA, buf 90 more thas [2 monly pays. I heres defiency of Feds el nesco,sdefined onder RESPA, Lander sal nly Borower stequredby RESPA, an Borcomer Shalyto Lender sour rsa) oie wp he deficecyInacorane wth RESPA, bao more ha 12 monty payments Up yen lof a sms seared hi Sour lstrment, Lender sl romp ref o Boromtc ny Fused by Leder {_Charges: Liens, Borrower sal ry xs, asessmens, cages, nes an imposible to ‘he Proper which ean atin pis over this Secon nurs, leseold payments r groan ets on he Proper, fany. and Community Asie Dus, Feet, and Asesinen, ay, Toe ees at ese es ‘ee Esto lems, Bare hl py thn athe anne provided In Secon 3, ‘ores shall romp chars ayes whleh as pry ove is Seat Insrumen ues Bartow: a) agrees ing fe payment the olga seoreby We len na mane eel Lender, at oly 1 Tong os Bomowee is psormig such agreement (cots te en in good Tah by, or defends pant ‘areata te enn lel proceedings which n Lenders opinion operteta peer he ene ot en nile hse procediag re ening, bl oly ud such procedings ar cance) scue rom toler lib len an green story to Leader subordnatng te Hen wo his Security ttre. If Leder Clermines tnt any pt ofthe Propet jc tan whieh anata pricy over his Seca Intent, Tender y give Brrower awn ieoilyig te ie, iba 10 des of he don which that sce Is give, Borrower salsa he laa ore one rea the actus st oh above in is Seton Lene may ree Borowert pny ane ne carge for rel sex ean andr epg sevice ved ty Lander coencton wih Loan. 12 “Property Inurance, rower sn exp the provers now exsing o Heer erected on he Property ured pitt by fie haar cael wane ern "ened cove,” aed any her bras Facing, bt ot ie, enthgikes aed Nos, far which Lenser equine. Ths instance shal be ‘inte tn he amount Gnclg deduce eves) forthe pros that Lender rege. What Loder ures past othe preceding efece cau change rng teem he Loan. The nuance cai roti the tance tal be chsenbyBorower set io Lender righ lo dporoveBorower schol, which ih shall me ererceduatesony. Lender my eae Borowert pa, cua wh hs Loaner) 3 oe {ime charge for ood ene eouriaoe,ceriaton nd acing ers o (0) xone-e hae or Moa zone Alecnintion an eistan services a sequen cages bhime remapgs ors chugs Oct wh ‘early igh fet sch determin oe cerca. Barewer sal als be espesle ote paymes of ‘Sy eine by te Forel Emergency Mangement Agency i nonczn wh he eve of yy fd ae termination eating fom a objeto by Bore: TF Borowe aso wsnan ay of Oe coverages eer above, Leder may obi srance coverage, a Lenders opio ni Borrowers exense. Lene under no elit to prc any pre ye or amon, tteoerape Therefore such coverage stl ever Lene bu might er might nx poet Borrower. Borewer's ‘ty inthe Proper. oe cont he Property, gat ny sk, hazad olay a gh prove rete ce ese coverage tan was previously in eflet. Boroweraehsowlelges dat the cast ofthe surance coverage 39 Suing gaienmly enced de cost of surance xt Gorowercold ave ane. Any amour dsbrsed Ip Lander te in Sete sal ecm don deb of Borer seued by hi Soca nsrumen. Tose ‘oat al bea lterest th Nee ate rom be ate dsbursement and shal be payable, vi sich neres, ‘yon wl fom Lender Bower requesingpoymes ‘Al inacance plies requed ty Lander and eval of sch polices sal be sje to Lender’ 0 tsopproe sch pots, sal aed tndrd morgee use, and Sal ue Lenders morgage adore an ‘ol as ppe. Lender sl fave the ig ol the pocesand renewal ceriees If Lente els, ‘Borrow sal romp gio Lendl esp of pal premiums and renewal notices. If Bcrower obtain ay form of nance coeree oer requ by Leader, fr damage 9, desrcin of, he Progr, sich pole sn ince a sandord warigage cue apd oul mame Lefer as marge andlor as an dol fst yee “ah eve ofl, Brower sl ie pomp moc tthe lasrance carer and Lender. Lender may ake proof afoot made promply by Berewer.,Ualess Leder and Borrower otherwise ase in wring, 2 [ance poets wither oro te uel Insane was vequedby Lene, tal be plied to etraton vey ofthe Propet ite restrton or reps easily feasible and Lender's eat so seed. ‘During such rept an vstorton per, Lender tall ave te rih bald such inerace proceeds nl Leder bu he an oper to spect uch Propet to ensue th war as been completed fo Leas ston, vided Basch pectin stall be naeakenprompy. ender ay dsbuse pace for he reps a ‘tron a sige pysen or in ce of progress pues she work is eompleted, Unkst an greene {Simae a wenger Appeal Law reuse 9 be ad om such surance proceeds, Liesl ot be eure py Bvvowe an nero eringson sah proceeds. Resor pubic sje, ober rd prs, {lund by Barer al oe pl ut fe nance ree and shall be the sole oblignon of Borrower. Trieresorton ce repairs eau fae oc Lene’ sc woal be lessened, th sre proces ‘Shale oppid othe os ered iy his Secor estuen, whether rn ten oe, wih he ences, ny, pd Ie osrower Sor nance proceeds sal be aped i oer provided fora Seton 2, it Barower salons be Property, Lender my Me, nego ad sete ay valle suas al and resent, Boer does respond witha 20 ays 0 a ma rm Leder at the sane cai as ‘Here toseic ola, hen Lender may sept nd wie he an, The 30-ay period wil ga wen the hoc ge, Inliheseen ov Lande aus tbe Property ade Seedon 2 of ekerwise, Borrower hereby ‘ign te Lander) Beroers right anyinsrace proces laa aout wot exceed the aru unpalé astne eo his Securty Intomet and) ay ete of Bore’ ighs ther han the igo any elu ‘St ecased poms pl by Berowe) wer al surance aie eoveriag the Propet, star a such lghis fre pplable ot coveage ofthe Propet. Leader ma ste nsrance proceeds to repo cx he ‘Prope to pay amounts epi oder te Note ris Scales, wth o then dc 1 Occupancy. Bocomer sl oceoy,evalih, ad se he Property 5 Barover's pial esdence ‘ns G0 Sys ser eect of is Sey Irma edt cnue oa the Propet) a Borowers ‘peta seldce ort eet soe ener date of ocean, ales Lender therar pees Wri, hil ‘Peer oe uressonaly wie rls xeraingceunstnces eat which ae beyeal Boras 1, Preservation, Mainentce and Protection ofthe Property: Inspections. Borrower shal nt desioy anager inate te Psoperty, alow te Property to derrate or coma waste oe Property. Whether or ot ‘onan ring in he Papert, Barrer shal insin the Property nore preven the Property om (ttesoradopo ces ined condom, Unies is derma para Seto 5 that repair or ‘Stonon not scone feast, Borrower sh prop rea he Proper If damaged o avoid free ‘Tneoratcn or dsmage I usenet conden rceos repaid a conarton with damage or te king She Proery, Bower ual be respon for repaint resturng he Property eny Lender has reese roceds foc sich prpses. Lender may dbase reeds fore repats ml estraon a slngl oyseal ‘once progress puymecs os he work competed, Ibe urn e eoedemantion proces art suleak reer rowe Me eats Cerne oe to repair ae exore the Pope, Bomower is a rioved of Borrower's oan forthe compleon of such epee Tenders get uy make seasonal enti pon od npn ofthe Property ithas esol as “Lend npc inion fhe ngroveneals oe Property Leader sal give Berroa ice the ine tf or pir a sch an neo ispecian specying sch eaonable ce ‘Borrower's Lean Applicaton. Darowe hl bein ft if daring te Lon application proces, Borer ry person or ene att thei of Borrower er wis Barowe sno rcs gre Insel fae seating or curt lforatio o Stren Lender (or fale to povide Lede wth ‘Boel fforaton) In ceonecian with te Lorn. Materal repesesttions ict, but ae tnd to, ‘epteataons concerning Boome’ aceany ofthe Proper) 2 Borrower's princgl reside Protection ef Lender's Inter nthe Property and Rights Under this Scart Testruent. 1) Borower fst perfor the coven ad agreements coite ahs Seaty Istuen, 0) hei eal peeing hx ngh gen tet ender tres athe Proper andr righ under is Secu Instremest {nen spon in bah, robe, fr conden fret, fr efrcement of en which my ‘Sin plot ovis Sear sien eo esforce so eas), oc) Bomower has abandoned he ‘Proper. tonCendr my do ad py for whatever resol o pope wo poet Lens terest othe Property amt igs ude hi Seewty scum, neling protec adr assessing Be vale ofthe Proper ndsnurng anlar eparing Ie Property. Lender's wan con coe, bat arent led to: (pay 2 us ‘esr ty sr he has poy ves Seay sre) appearing incor and 0) paying reasonable ‘tovny est res tee ne Property andor rights under hs Spur Taser, icing Secured Pinas tahrapley proceeding. Sesiing te Propet nudes, bu et ised ering he Propet 1 Tere esi hae cs, ele o baad up doers td wodows, rain water fom pipes, elinint bulking oF ‘Sher cose lao dango cons, and hove cities eee oa ro. Alhowp Leeder ay ae acto, ters Secon, Lent des at hve fo do sands ct eer any ty olga to 20, Is gree ha ene incars co ty ft ati sy oral acon aborted under is Secon 9 “hy aman csbrsed by Lender de is Sco 9 abl become aaa et of Borrower scat by is ‘Secu UntramentThese aun hl et nee Note te ras de date of sbrsemen ad shall be pub. with oh tet yan ete fae Lender oBarowec requesting payment "is Secu Insrunee! i ot 8 lesbo, Borower stall comply with ll the poisons ofthe fee, ‘Berrmersl ol seer lee ete an ines hres conveyed oF emis of cae he pround eae Borrower shall no wiht the expres wre consent of Lene, ale or aeed the oud es. I Borower ce fe ie te Property te atl ad ef ie shall not merge nes Leder ares tote merge ‘weg. 10 Morigageasranc, I Lene reed Moigge lasrancessa condo of making he Loon, Barone sat pay te porate requd fo malas the Morige Insarance net I, for ny reason, be Moiage Tnurancecoreage ele’ by Lene cesses vl rom te mortgage insurer at pels povided ach Murine snd Brower was equred to make sepaaelycvgnatd pases evar he prema for Mog Ttnurance, Borrower shal py te prea eid to ob coverage sastnlly equal he Moria trance previo in elec, tot xbstaeallyeqlaer (othe eet to Borrower of he Morag nerance tevin in effect fom an teste marge sere selec by Lender. I substantial equvalest Mriage [unre coverages nt sail, Borrower sal come py Leader mon of spre sige pnts a were de hen th srace coverage eared Be ee. Lede il acetates ymca avo rendre ls reserve new of Mortgage esc Sch os reeves be onefunbe, ‘ezrin he tha te Lan tly ld al and Lene sal at be eed pay Borrower ay Incest tag Sch as reserve. Lene a loge reels reste payments Morag trance overage lee acuta fo ie pod tet Vende roqre) proved by a ser selected by Lender again becomes aalibe ean, and Lender rogues separately delgaed payers oward te prema for MorgesInmrance, If Lede outed Monga Insance eondton af mang te oan and Borower was edo mse sears designated payment tonard he penn fr Mariage esr, Harower tal pay ioe ern me page 7081 eee em ecg ot ‘he premlns ogi to malnain MorgageInarate i ect, oro provide 9 non-refundable, ut Tenfr's eqieen for Morgape nuance en acardsnce ih ay writen eee betveen Borrower ard [Ends peviing Tor uch ternon or unl tran eqaed by Applible Law. Noting inthis Secon ates Borrower's egtion oy ere at hr provid nthe Note ‘MonggeInereaefemises ender (or my ast Bat archases the Not) for en less It my Incr tr orowe des at epey the Lown as gree. Borrower nts pty othe Morgage Ierace. longest evlet tc fal kon al such surance i force fam ie tne, day eer to agree hoes pres that sare otto th ik of reduce Lases. These agreements are on temsand ‘cio tn are siactory tte maigage sure ad te ober party fr pre 1 hese agreements, Tease ‘Speen may requ be sorpage instr to make payers sg any source of fnd tat the morgage ese ‘ip tve vale whch my nde fans bane from Moriae lasurnce penta) var oat af ene rete, Leaders my pacha ofthe Nol sober sre, ny eae, any er ei rp of kof he focegoing ny ese ely reel) aroun at deve fom a gh cacterted prune of Brower payment fr Morne Iserance, exchange fr sbarogo ody ng the momgoge sure ek, reducing ses Ich preement prvies a an alla of Lender takes» share Tl men's rok in exchange fora sore of be remlans pl oe Insurer te arringement en termed aplve ressrance” Fube 1G) Any such agreements wil ot lfc the amounts that Borrower has agreed to pay for Mortgngt nsrtnces ef ay ote ers othe Lzan, Sach agreemeats Wl aot increase the amount Borrower wl ove for Mortgage Insurance snd thy wil not ete Borrower te any refund (0) oy sc precments wal ot fect he igh Dorrower has any - wih respect tthe Mortgage Insuctoceunder the HomeowersPreteton Act of 1388 or any other lm. These ight ay lead the right "ccne evan delsares, to reorst and obtain carceladon ef te Mortgage Isurace, to have the Mongayelnnurance terminate utratieal, andlor orecelvearefud of any Morigage Insurance premiums nef uearged a the ine sch eveliatan or termina. 1 Auigament of Miceonees Procedr;Forfeltur. All Miscellaneous Proceeds re ee sige tal be plo Lene, Tithe Ppa adage, uh Miscelancons Paced sal be pied eserain areal ie Property. tthe rnoraga regal economical ese an Lenders erty I ot send Dutlag sch pal 04 ‘istcsgei Lente sal have the ht fo Hold such Mlceaneons Proceeds ui Leer ba hd ah ‘ora oper su reer oes the work hs been competed o Lender's safc, provid ta setter sel andarahen pep. Ladera ay fo te epsandrexrato nasa sbursemen ‘rina scest progress gyn she work completed. Unless an areement is ade owing or Aplabe {topes neces be pa on sch Mascelaneos Process, Lender sal ot be required o pay Barowe ny Tauro cris on sock Miscelaneous Proceeds fthersoratioe or repair oo economically feasible or Traders scary wold be seed te Mzlaneous Proceeds sale appli the sams sea by this Secury eemect neler opt hon dw the exes, any, palo Bocower. Sach Miselasoms Paced hall te pied ste oder roid fro Seion 2 Mabe eea af talking, dessin ox fot vate fe Proper, te Misuse Proceeds shal be polos nosed by hi ery seen wheter rl en ue, with he exes, any ‘he event of pata eka, destino os in vl of he Proprio which he fi mart vale of the Propet Immedtly before fart ig, destucon, eosin vale sel or get tan he ranan ‘tebe sos secued by hs Securit redial before he atl kg, exact, oss aa, res Horower und ene here agrsia wring, the sun Scud by this Scere hl beredaced By camoon ate Mnctonens Proceeds moped yellowing facie: be ata mous of ess eased tedtly before i orl alg, exci, or los val divide by () the ae market vale ofthe rey metal bret prl way destin, ros ovale. Any bance sal be al to Borrower oa ee eee ree ae In te event of part king, struct, o ss a vale ofthe Property in whe arma au of ‘be Propary malin before pra hig, dsr, ssn Ve es han te asa of he suns ‘cared neil belie te parla, deen, or loss vat, nes Borrower an Leeder therwise {peeing be Miscelaneus Proceeds leaped oe sons secre his Secor sient wheter ‘rot he un ae thn do the Property shandoned by Rorsower, oi, le nae by Lender to Borrower th ie Opposing Pay (a define inthe set see) eile o make shear 0 sete a for damages, Borove fal eo (> Teed wa 30 ay aftr hd the nt ea, Lender aaborzed 1 calet and apply he Miclineoss Proceeds hero resort rept oft roprty ofthe sms secured by ths Seer Isramet wheter br wt then oe. “Opposng Pry means he te party Ut eres Borower Mielapes Proceso he pty ‘as who Borrower at igh of acon ie regard o Miscelneus Proceeds. Borner sal endef if at acon or proceeding, whether vl er rials pun hat, Lenders jen col eal frre of the Property oer mae impale: of Lens ieee in he Property Crp angers Security nsruen. Brower can cre sucha dela ap, accleralonas ecard lsat Spied in Seon 19, by casing the acon oc proceeding tobe mise wih 2 rang hal, in Lender's [eden rectes free of te Propet robes mater ipsmen of Lender's et ae Propet of Figur is Sent Itameat The protedso any award or chim for damages tat areata oe Inpsrmen of Leader sees nh ropery ate erly signed and sol be gio Lee. "Al Miselweas Proceed ta ae bo apie esoraon or rep fe Property hl be apd in the rer povided for i Seco 2. 1. Borrower Not Released; Forbearance By Lender Nota Walver. Extn of ie efor pay ot smocifison of sort of he es scored by hs Seer Insaneat graced by Lender io Barower 3) Scan tres of Borrower shal not oer ores the aly of Borrower a ny Sarena eet ff Barone. Lene shall at be reed commen process aglst any Soccesor in Ineet of Batower ro vefae weed tne for pment or berse ny aortiaon OF the sums soured y this Scuiy ‘rment by reson of ay dem mad by he gal Borrower ay Sucesrs in Ineres of Borove. A Tararnce by Leni e Cereng sy gh on remedy sadn, wid Umfaton, Lenders aceptance of yen rom hd poses, nies Suess antes of Borrower arin anni es han the sma en {sul noc bea waver fo precede he exer o any ih or remedy 1 Jl sed Sever lily; Ce spners Serco and Assigns Bound, Bornes covenants and agrees eutporsower soto dab ball bejalntand sve, However, ay Horower wh cists Seay Tanrent dees wet exceut the Nate “eb sige’): () cosigng ils Secor Iistrumen ol 9 orgs, [att covey te cogs nr the Property ander te tems of hs Seay lsnamet 1 ot esr poy the ses sexu by th Sout lassen: al} agrees tha Lene and ay tee Bonuer ar opreete xed, ily, fra ormake ty eccommansons wih ep te ems af is Security Taste or the Note witha he co-sine's comet. Sujet the peovises of Secon TB, any Sarena Interest of Borrower who asunes Borowe’s clio under i See nstuent owing and appvedy Lender salon alo Borrower rights ‘ta nets under hs Sry Iseument, Borrower sal ob released rm Barowersebligeons ond iiiy der hs Serr Isument es Lender grees such ees in wg. Toe caveats nd agreements hs ‘Steric shal ed ene ex oie Seco 20) an eae ue secresors ab spe of Lender Th Tana Charges, Lendemay charge Borrowet fe for reve ford In coneetin with Barowers ea ir te paper of rng Lente nee inthe Pret ol eghts wie his Sear Insect, techno test atera’ es propery igen sa vt fee In ear ay fe fe, nt ‘Hats expres sary in Scary samen fo charges pete few Borrower sal not be onset {Saproibidoso theca och fee, Lender ay 20 charge fest expres) probed by his Scury Teatrmet or by Aplicale Law. “Tine Uses bye ow which ets male an charges, a hat aw sally epee 3 thatthe sere rather lm cares elected ot eb cece conection with he Laan exceed te pete mis, aw ayaa Serato then: (8) any sch lon charge sal be reduced by the out necessary truce the charge ote permite it ‘ed (ny sons aleny coleted frome Borower which exceeded pom les wil be rlunde to Boerner Tender nyc ke sree by redoing he plcpl owe wee Noto by akg adel pons te Borrower. Ia telund redses pcp, he reduction wl be Weald asa part prepayment wis ay Prepayment charge wheher or ao pepe charges provided for ude the No). Borrowers acceptance of thy sch fond made by eect payment to Borowe il cone a waver of ny igh a cos Baeower might have arsing ou of seh overcharge. 1S. Notes, All ees giver ty Boomer or Leader coaecton wih hs Sees Isrunt mast be a wg Asy alice lo Betower in conection wih hs erry Tsremeal salle deme have bets ven 1 Bocower wien alle by Rt as mal or when acta dalvered to Barower'sotce adres if seat by other reas, Note oar) on Borrower shall const oie all Barower ess Applicable Law expres) reqaes thee. Theooice adres al be the Property Adress unless Borower ha designated a substance ‘Mies ty eae a Lender Sarowe sal promply sof Lander of Brewers charge of 2s. Tf Lender Species procedie for poring Boor hange tors, hes Barower shal oly repetachangcf adress Trough tat specied procedure, Thee may be ony one dsgaed adc ares ade is Seu Insta ‘tanyon tne. Any nae end salle gen by delivering to by mang by is cas mal to Lender's “ides bri nest Lender a designate anor address by noice o Borrower. Any nee comecton ‘nhs Seay Instvment shall eat be dered to hve bee give Leader natal rected by Lander Wanywotce rere: by ti Security Intent Jr ao require onder Appleate Law, te Apical Law een wl sis he coresponing element ude is Seer asguneat 1s. Governing Law; Severs: Ras of Coesructlo, This SerurtyIsrument sl be governed by {ede a edhe a of he atiction wih he Property eae. Al hs ad oliganseonae in ths Sean Invent ar sje oar egelemenssn aoas of Apne Law. Applicable Lav might ply of opi allow x pre to oree by oneal or mph eset, ba such sles all not be onsracd a probit agp apreemea y conan the eve tha any provision o clas of his Seuty Tnsramet rte Note cf wih Appice aw, sec oni sal a afte aber provisions fas Scuity Testrment or te Note ich cn be gen fe wont he conTcig provision, "sedi hs Security area) word fhe macalle gener shal mean 2a code carespondog att words r words fh feinie gender) words othe spar sl mean ad ineude he plural Vee ‘ea: nd (the word say er ot ecretoe wot ay obiaan oak any acon. 11" Borrower's Copy. Borrower sal be given one copy ofthe Note no hs Sear Insrument 18 Transfer ofthe Property o = Beef IntrsIn Borrower, Ar sed in is Seton 18, "Tatra the Property ss any lei or bone inkeret in he Property Inulin, but mot ied, tase beef Inver tavfeedn a ond for dw, conc Tor ded, salen sales actor escrow agreement te net ‘of whch sth ase of We By Brower aftr ate oa presse. al or ny pr of th Property oan nee th Proper ldo wansered (rf Borrower isnt atwralperin sds beefical eres Borower sold oe tans) what Lender's ror wien onsen. {nde ny eeu mmel poe nal ol sums seared by hs Sear Inset. However is Option ‘allot be creed by Lander uch exes prod by Applicable Law Ii Lesdr exerci thi opin, Lede shal ge Baer woe of acclraon. The ete sal provide 3 riod ft es tha 30 days rom th date wes give a accordance wh Set 13 win mich Borover ‘at pay lls secored yh Sear lnstumen_ 1 Borower fas py these sas pir he expen of ths pera, Leder may okay remeies pred bys Scuryiirumen witout far nce or dead fon Borromee 1D. Borrower's Right wo Relaate flr Acceleration. If Borrower meets cen conden, Barone shall tv gt ove efocement of hl Seer Istrmentdscandaued at any ine pot terest of) five ay efor athe Proper purine! o ty pome of ale conned ns Sear asment: (2) sach ‘ler pd os Appel Law might pel foto trans of Boome’ igh to ett: (ay of & ‘Jedgment nor hs Secu Intra Those conn ae at Borrower a) pays Lewr al sms wich TSS SES Vay Fam an War WITS USTROVERT Boni ig og et air heiea aes ea woud be dat under his Sec Instrument ae the Nc asf eo acclratonhad occure i curesny deft ‘tan fer coven’ agreements pays al expe acre enrages, ng, ‘ut ot edo, ease arn! fees, ropa kspcion and aan es, a te es inured fr he orga of protecting Lender's tres the Property an hs ude Sear Instrument; and kes such etn sy ender may enooaly req fo see thal Lede nest nthe Property an ih unde Hs Scoty Testrumem, and Borrower scligao o pay sums seeredby ths Secu Isa, stall coniue wnchoge, ender mn rei th Borer pay sth rensaemeal sums 2d expeses ao of moro flowing forms, selected Lender eh) ae ade) ceri ch, bank eck, teaser sebek orcas sees, ove ay sche sow pon anton wht depos re iasred ys eer agency, srusetty reat) Eectonc Peds tater. Upon rmntemen by Borrower, us Seu Iasrent ard oiigaons Secured rey shall minal elestve af ao acseraton had occured However sigh reistteshall te apy inh seo eeeraion under Section 18 Pf Sale e Note: Change of Loan Servicer; Nace af Glevance. The Note or pat atest in he Noe (getter with is Seay Instramen nb ld ons ermore tne iio par ance to Borrowec. Asal igh esa» cage inh envy owe 3 the “Ln Sevier”) Dt collects PradePaymests da der the Note ‘nts Sear Tnsnent nt pres eer macage loa ern ogatns under te Not, hs Secuiy Tnsramet and Apple Law. Theta ight bean or re canes fe Lous Secs ucla le ttle Not I eres change th Lon Servicer rower vl been wien noc ote change which wil Stee rae snd aes fhe new Loan Servicer, he sesso which payens sos be madeaed ay ober Infor RESPA regis i costcon witha moro ante af servic. IF he Noes salad hair (he Lun served bye Low Serie her than te prcasr of he Noe, te morgage loan servi obigaans {o Borome wl esi with he Lawn Server be unsere oa secesar Loan Servieand are at sumed ‘byte Note arcane eles eters prvie by the Not pacha. ‘eked Borower not Lender ay commence, ja, ob edt any ole arto lero avid Ingen rhe member fs at es from be te art's acns psa to hs Sec sient otha ‘ngs te ber port hs teach any proviso of a any daty ove by esa of is Secu Ise, tor suchSoromer of ender has aid te be gry (ih sucha given iacompLnce wh he reaeents Secon 15) of sch alee! teach and ard te oer party hero a exon pr er he ging of such etc to ke conectve san, If Appeste Law proves ne period which mes elapse before certain ation an be taken, bt tine pced wil be deemed to be reasonable or purses af is paragraph. The race of fecxeaoe al oppurtunity cre gen Yo Barrer pura 0 Setias 222d the ocr of acer given \eormer prio! Seon 8 e soe aye noel ppt ae cate ao oes ie Secon 0 ‘is Taardoes Substances, Axel in hi Secon 21: 6) “Hazardous Sbsasces” ae tose sxbaness

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