NYC DEPARTMENT OF FINANCE OFFICE OF THE CITY REGISTER

This page is part of the instrument. The City Register will rely on the information provided by you on this page for purposes of indexing this instrument. The information on this page will control for indexing purposes in the event of any conflict with the rest of the document.

2007021600231001002E120B
PAGE 1 OF 38 Preparation Date: 02-16-2007

RECORDING AND ENDORSEMENT COVER PAGE Document ID: 2007021600231001 Document Date: 12-29-2006 Document Type: AGREEMENT Document Pa e Count: 36 PRESENTER: RETURN TO: HORIZON LAND SERVICES, LLC. OPTION ONE MORTGAGE AS AGENT FORSTEW ART TITLE P.O. BOX 57096 15 WEST 44TH STREET -SEVENTH FLOOR IRVINE, CA 92619-7096 NEW YORK, NY 10036 212-921-4141 HLS K 11329 PROPERTY DATA Borough Block Lot Unit Address BROOKLYN 1664 67 Entire Lot 4 381 MACON STREET Property Type: DWELLING ONLY - 4 FAMILY

CORP

CRFN:

2007000074759

CROSS REFERENCE

DATA

PARTY 1: LAD ON FOWLER 381 MACON STREET BROOKLYN, NY 11233 x Additional Parties Listed on Continuation Page

PARTIES PARTY 2: OPTION ONE MORTGAGE 381 MACON STREET BROOKLYN, NY 11233

CORPORATION

FEES AND TAXES Filing Fee: 640,000.00

$

0.00 0.00

Additional MRT: TOTAL: Recordin Fee: Affidavit Fee:

0.00 0.00 0.00 0.00 0.00 0.00 217.00 8.00

0.00 RECORDED OR FILED IN THE OFFICE ~~~,.OF THE CITY REGISTER OF THE YK;,;~ CITY OF NEW YORK

,Jii+~i

RecordedlFiled 02-21-200716:04 City Register File No.(CRFN):

2007000098882 / City Register Official Signature

NYC DEPARTMENT OF FINANCE OFFICE OF THE CITY REGISTER

2007021600231001002CI08B
RECORDING

Document 10: 2007021600231001
Document Type: AGREEMENT PARTIES PARTY 1: SHUROD BROWN 381 MACON STREET BROOKLYN, NY 11233

AND ENDORSEMENT COVER PAGE Document Date: 12-29-2006

CONTINUATION PAGE 2 OF 38 Preparation Date: 02- I 6-2007

V. • urn To: ,~t OPTION ONE MORTGAGE CORP. P.O. BOX 57096 IRVINE, CA 92619-7096 ATTN: Prepared QUALITY CONTROL

HORIZON LAND SERVICES, llC 15 WEST 44TH STREET NEW YORK, NEW YORK 10036 TEL 212-921-4141 FAX 212-921-4848
7TH FLOOR

~LS k 1\3)q

By.

Loan Number 331051388 Servicing Number 002272894-3

CONSOLIDA TION, EXTENSION, AND MODIFICATION AGREEMENT
WORDS USED OFTEN fN THIS DOCUMENT (A) "Agreement" This document which IS dated December 29, 2006 exhibits and nders attached to this document \\'111 he called the" Agreement" (B) "Borrower. " LADON FOWLER AND SHUROD BROWN and

will he called "Borrower" (C) "Lender." Option

and sometimes "I" or "me." L1olTolVer's address IS 381 MACON ST , BROOKLYN, NY 11233-1009 One Mortgage Corporation, a California is a corporauon 92618 Corporation which exists under Lenders

will be called "Lender" and sometimes "Note Holder" l.cnder the 1311'S or CALI FORNIA address is 3 Ada, Irvine, CA

or association

(D) "Mortgages." The mortgages, deeds of trusts, or other security instruments and any additional security instruments and related agreements (such as assignments, extensions, modifications, or consolidations of mortgages) Identified in Exhibit A to tim Agreement will be called the "Mortgages" (E) "Note Holder." Lender or anyone who succeeds to Lender's rights under this Agreement and who is entitled to receive the payments I agree to make under this AE!reemcnt rna. he called the "Note Holder "

NEW YORK CONSOLIDATION, EXTENSION, ANI) Monn'ICATION Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Page I

AGREEMENT

- Single FamilyInitials NYSIA4l.wp (01·t6-04)

1.;00 Numhcr

331051388

Servicing Number:

002272894-3

Date

12/29/06

(F) "Notes." The Notes which are identified \11 Exhibit A to this Agreement, and which are secured by the Mortgages, will he called the "Notes." (G) "Property." The Property which IS described m the Mortgagets) and in Exhibit B (Property Description) to this Agreement, will he called the "Propertv " The Property is located at 381 MACON
(Street)

ST.

BROOKLYN
[City]

Kings
[County]

NEW YORK,

11233-1009

[Slate and ZIP Code!

I promise L

and I agree with Lender

as follows

BORROWER'S AGREEMENT ABOUT OBLIGATION UNDER TI NOTES AND MORTGAGES I agree to take over all of the obligations under the Notes and Mortgages as consolidated and modified by this Agreement as Borrower This means that r will keep all of the promises and agreements made in the Notes and Mortgages even If some other person made those promises and agreements before me. The total unpaid principal balance of the Notes is U S $ 640,000.00 of tim amount, US $ 81,658.08 was advanced to me (or for my account) Immediately prior to this consolidation II. AGREEMENT TO COMBINE NOTES AND MORTGAGES (A) By signing this Agreement, Lender and [ [Ire combining into one set of rights and obligations all of the promises and agreements stated III the Notes and Mortgages including any earlier agreements which combined, modified, or extended rights and obligations under any the Notes and Mortgages. This means that all of Lender's rights in the Propertv are combined so that under the law Lender has one mortgage and I have one loan obligation which I will pay as provided 111 this Agreement This combining of notes and mortgages is known as a

m

or

"Consolidation."

(R) In the event that Exhibit A indicates that all the Noles and Mortgages have already been combined by a previous agreement, then Lender and I agree to change the terms of Secuon II, paragraph (A) of this Agreement to the following

or

Lender and I agree that all of the promises and agreements stated in the Notes and Mortgages -- including any earlier agreements which combined, modified, or extended rights and obligations under any of the Notes and Mortgages -- have been combined into one set of rights and obligations by an earlier agreement which is referred to in Exhibit A This means that all of Lender's rights in the Property have already been combined so that under the law Lender already has one mortgage and I have one loan obligation which I will pay as provided in this Agreement. The combining of notes and mortgages IS known as a "Consolidation." AGREEMENT TO CHANGE TERMS OF THE CONSOUDA TED NOTE Lender and I agree that the terms of the Notes arc changed and restated to be the terms of the "Consolidated Note" which IS attached to this Agreement as Exhibit C The Consolidated Note contains the terms of payment for the amounts that lowe to the Note Holder I agree to pay the amounts due under the Notes 111 accordance with the terms of the Consolidated Note. The Consolidated Note will supersede all terms, covenants, and provisions of the Notes HI.

Initials:
Page 2 NYSIA41.wp

L. r-.
(01-16-04)

Loan Number: IV. IX. each of us IS fully and personally obligated to keep all of Borrower's promises and obligations contained in this Agreement The Note Holder may enforce its rights under this Agreement against each of us individuallv or against all of us together. (01-16-04) ~. or to be Improved. or to be improved. III the aggregate. V. changed. X TYPE OF PROPERTY Check boxtes) as applicable [R] This Agreement covers real propertv principallv Improved. or any defense to the obligations of the Consolidated Note or the Consolidated Mortgage VI. NO SET -OFF. any person who takes over Lender's rights or obligations under this Agreement WIll have all of Lender's rights and will be obligated to keep all of Lender's agreements made In this Agreement. that person will have all of my rights and will be obligated to keep all of mv promises and agreements made In this Agreement SImilarly. OBLIGATIONS OF BORROWER'S AND OF PERSONS TAKING OVER BORROWER'S OR LENDER'S RIGHTS OR OBLIGATIONS If more than one person signs this Agreement as Borrower. BORROWER'S INTEREST IN THE PROPERTY I promise that I am the lawful owner occupying the Property and that I have the right to consolidate. by a one (I) or two (2) family D o does not cover real property improved as described above. or amended except by a written agreement signed by the party whose rights or obligations are being changed bv that agreement YIn. r-.wp L. Initials Page 3 NYSIA4l. 331051388 Servicing Number 002272894-3 Date 12/29/06 AGREEMENT TO CHANGE TERMS OF THE CONSOLIDATED MORTGAGE Lender and I agree that the terms of the Mortgages are changed and restated to be the terms of the "Consolidated Mortgages" which is attached to this Agreement as Exhibit D The Consolidated Mortgage secures the Consolidated Note and will constitute in law 8 single lien upon the Property. I agree to be bound by the terms set forth in the Consolidated Mortgage which will supersede all terms. The terms of the Consolidated Note and the Consolidated Mortgage may not allow any person to take over my rights or obligations under this Agreement Lender and I agree that if any person IS permitted to take over my rights and obligations under this Agreement. DEFENSES J agree that I have no right of set-off or counterclaim. WRITTEN TERM INA TION OR CHANGE OF ruts AGREEMENT ThIS Agreement may not he terminated. ~ . not more than SI\ (6) residential dwelling units with each dwelling unit having Its own separate cooking Facilities This Agreement dwelling. LIEN LAW I will receive all amounts lent to me bv Lender subject to the trust fund provisions of Section 13 of the New York Lien Law This means that I will (A) hold all amounts which I receive and which I have a right to receive from Lender under the Consolidated Note as a "trust fund. and provisions of the Mortgages." and (8) use those amounts to pay for "cost of improvement" (as defined in the New York LIen Law) before I use them for any other purpose The fact that I am holding those amounts as a "trust fund" means that for any building or other Improvement located on the Property I have a special responsibility under the law to use the amount in the manner described JI1 this Section IX. This Agreement covers real property Improved. and extend the NOles and Mortgages VII. by one or more structures containing. covenants. modify.

wp (01-16-04) .Loan Number 331051388 Servicing Number: 002272 8 94-3 Date 12/29/06 By signing this Agreement.Borrower -Borrower Page 4 NYSIA4l. Lender and J agree to all of the above By -Lender LADON FOWLER -Borrower -Borrower -1-30ITow~r SHUROD BROWN -Borrower .

. the individualts).' .wp (01·16·04) .':·V 12/29/06 -. STATE OF NEW YORK. L.' '\"J:" '. the undersigned." . r r \.t1.. a notary Notarv Pubhc Tax Map Information: Page 5 NYSIA4l. personallv Known to me or proved to me on the h~ISIS of sutistuctorv evidence to he the individualis) whose name(s) is/are subscribed to the Within instrument and acknowledged tll me that he/she/thev executed the same in his/her/their capacitynes).. "before appeared me..{ L~ ~1A.. .-( " :. 1.I ~-:-r::. D~ dav of personal']'v in and for said state.!.» c ~" .Loan Numher 331051388 Servicing Number 002272894-3 ~J Date r. appeared 1AiMJh1. . . executed the instrument I' nr-. On the public . '. .' C('(-l\'\i'_~~T? .i cd ._ .'J'-(J m- County before 5S: me. or the person upon behalf of which the individualrs) acted. the undersigned. ('. personallv 1.. i. '{c.'..:" c· STATE OF NEW YORK. >. and that bv his/her/then signaturcts) 011 the instrument. . . " County ss: a notary public On the day of III and for said state..

at CRFN #2006000032451. *" /IHrvc{J.00. $81. This Mortgage is on a Fannie Mae/Freddie Mac Security instrument and was recorded on January 19. 2006. the unpaid principal balance secured by this Mortgage is u.s.s. in the Kings County Register's Office. This Mortgage secures a Note dated December 29. $558. State of New York.~ .08.92. 2005.2006.Loan Number: 331051388 Servicing Number: 002272894-3 Date: 12/29/06 EXHIBIT A (1) The Mortgage given by Shu rod Brown and Ladon Fowler dated December 29. This Mortgage secures a Note dated December 21. the unpaid principal balance secured by this Mortgage is u. $81. securing the original principal amount of u. 2006 in favor of Option One Mortgage Corporation.658. securing the original principal amount of u.658.2116/C)( lH ((rN ~~['{T700(\(l7LnS9 (2) The Mortgage given by Shu rod Brown and Ladon Fowler dated December 21.s. At this date. 2005 in favor of Option One Mortgage Corporation.s. $560.08~This Mortgage is on a Fannie Mae/Freddie Mac Security instrument and will be recorded together with this Agreement. .341. This Mortgage has not been assigned at this time.000. At this date.

NY 11233-1009 Legal Description SEE LEGAL DESCRIPTION PART THEREOF. ATTACHED HERETO AND MADE A Page (. BROOKLYN.Loan Number 331051388 Servicing Number 002272 8 94-3 Date: 12/29/06 EXHIBIT B (Property Description) Address: 381 MACON ST.. NYSIA4l.wp (01-16-04) .

20 feet to the point or place of BEGINNING. THENCE Easterly along the northerly side of Macon Street. distant 335 feet westerly from the corner formed by the intersection of the northerly side of Macon Street with the westerly side of Lewis Avenue.eXtil. County of Kings and State of New York. bounded and described as follows: BEGINNING at a point on the northerly side of Macon Street. 100 feet to the northerly side of Macon Street. situate. lying and being in the Borough of Brooklyn. . piece or parcel of land. THENCE Southerly again parallel with Lewis Avenue and part of the distance through another party wall. THENCE Northerly parallel with Lewis Avenue and part of the distance through a party wall. 20 feet. 100 feet.l:H T b Title Number: HLS-K-11329 Schedule A ALL that certain plot. THENCE Westerly parallel with Macon Street.

Loan Number 331051388 Servicing Number 002272894-3 Dale: 12/29/06 EXHIBIT C (Consolidated Note and Addenda) Page 7 NYSIA41.wp (01-16-04) .

Interest will be calculated on the basis of a 12-month !'ear and a 30-day month I will pay interest at a yearly rate of 7. CA 90084-7821 or at a different place if required by the Note Holder. YOU MUST REPAY THE ENTIRE PRINCIPAL BALANCE OF THE LOAN AND UNPAID INTEREST THEN DUE. until I have paid all of the principal and interest and any other charges described below that I may owe under this Note My monthlv payments will be applied to interest before principal. I still owe amounts under this Note. Wll.90 This amount may change. I will pay those amounts in full on that date. (C) Monthly Payment Changes Changes in my monthly pavrnent \VIII reflect changes III the unpaid pnncipal of my loan and in the interest rate that must pay The Note Holder will determine my new Interest rate and the changed amount of my monthly payment in accordance with Section 4 of this Note. THIS LOAN IS PAYABLE IN FULL AT MATURITY. I will make my monthly pavments on the first day of each month beginning on March 01. " (B) The Index Beginning With the first Change Date. The most recent lndex figure available as of the first business day of the month Immediately preceding the month in which the Change Date occurs is called the "Current Index" NEW YORK CONSOLIDATED Page I of 3 ADJUSTABLE RATE BALLOON NOTE-LIBOR INDEX .00 (this amount I~ called "principal"). . EXTENSION. 1I1 addition In a final Balloon Pavment payable at Maturity as referenced in the attached Balloon Note Addendum. and on that day every sixth month thereafter Each dale on which mv Interest rate could change is called a "Change Date. WHICH' MAYBE THE LENDER YOU HAVE THIS LOAN WITH. as published in The Wo]! Street Journal.250% The interest rate I will pay 111<lV change in accordance with Section 4 of this Note The interest rate required by this Section 2 and Section 4 of this Note is the rate J will pay both before and after anv default described in Section 7(8) of this Note. 2007 I will make these payments every month. (IV) principal due under this Note. THIS NOTE UMITS THf: AMOUNT MY INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE I MUST PAY. AND MODIFICATION AGREEMENT DATED THE SAME DATE AS THIS NOTE. to the order o( the Lemler The Lender IS Option One Mortgage Corporation.LING TO LEND YOU nm MONEY. OR WILL HA VE TO FIND A LENDER. PAYMENTS (A) Time and Place of Payments I will pav principal and Interest bv making payments everv month.Loan Number 331051388 Servicing Number 00227 2 8 94 . a California Corporation J understand that the Lender mav transfer this Note The Lender or anyone who takes this Note by transfer and who is entitled 10 receive payments under this Note IS called the "Note Holder" INTEREST Interest will be charged on unpaid principal until the full amount of principal has been paid.3 Date: 12/29/06 CONSOLIDA TED ADJUSTABLE (LIBOR Index . THIS NOTE CONT AINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE AND MY MONTHL Y PA YMENT. 2. 381 MACON ST. THE NOTES DESCRIBED IN EXHIBIT A OF NEW YORK CONSOLIDATION.000. (0) Application of Payments Payments received by the Note Holder will be applied III the [ollowing order: (i) prepayment charges due under this Note~ (ii) amounts payable under paragraph 2 of the Security Instrument (defined below).Single Family NYNTI71. on February 01. BROOKLYN. THE LENDER IS UNDER NO OBLIGA TION TO REFINANCE THE LOAN AT THAT TIME. IF YOU REFINANCE THIS LOAN A T MATURITY. and (v ) late charges due under this Note INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pay mav change on the first dav of February 01. (ill) interest due under this Note. mv interest rate will he based on an Index The" Index" is the average of interbank offered rates for six-month U S dollar-denominated deposits in the London market ("UBOR"). 4. If.Rate Caps) EXHIBIT C RATE NOTE THIS NOTE AMENDS AND REST ATES IN THEm ENTlRETY. 3. YOU W!LL. 2037 . AND IS GIVEN IN SUBSTITUTION FOR. 2009 ..wp (11·30-06) I.. YOU MAY HAVE TO PAY SOME OR ALL OF THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN EVEN IF YOU aRT AIN REFINANCING FROM THE SAME LENDER. which IS called the "Maturity Date" I will make my monthly payments at Option One Mortgage Corporation Department 7821 Los Angeles. (13) Amount of My lnitial Monthly Payments Each of mv nnnal monthly payments WlII he III the amount of U S $4. THEREFORE. plus interest. BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT YOU MAY OWN.093. I promise to pay U S $ 640. NY 11233-1009 IPr opertv Address) BORROWER'S PROMISE TO PAY In return for a loan that I have received.

reasonable attorneys' fees 8. and (ii) any sums already collected from me which exceeded permitted IIITIlh will be refunded to me The Note Holder may choose to make this refund bv reducing the principal lowe under this Note or bv making a direct payment to me. LOAN CHARGES If a law. (C) Calculation of Cbanges Before each Change Date. which applies to this loan and which sets maximum loan charges.000% ) to the Current Index The Note Holder will then round the result of this addition to the next higher one-eighth of one percentage point (0 I 25'Yt. at any time before they are due. The Note Holder will lise all of my prepayments to reduce the amount of principal that lowe under this Note. at a time when I am III default. BORROWER'S FAILURE TO PAY AS REQUIRED (A) Late Charges for Overdue Payments If the Note Holder has not received the full amount of any monthly payment by the end of IS calendar days after the date it is due. If a refund reduces principal. any nonce that must be given to me under this Note will be given by delivering it or by mailing it by first class mail to me at the Property Address above or at a different address if I give the Note Holder a nonce of my different address. I will tell the Note Holder in writing I may make a full prepayment or partial prepayments without paying any prepayment charge. my interest rate will never be increased or decreased on any single Change Date by more than one percentage point (I 0%) from the rate or interest J have been paymg Cor the preceding SIX months In no event will my interest rate be greater than 13. the Note Holder right to he paid back bv me for all of its costs and expenses III enforcing this Note to the extent not prohibited law Those expenses include. together with any other charges that J owe under this Note or the Security Instrument. the Note Holder will choose information The Note Holder will give me notice of this choice. the reduction will be treated as a partial prepavment 7. Any nonce that must be given to the Note Holder LInder this Note will be gIven by mailing it by first class mail to the Note Holder at the address stated 111 Sect ion :\(1\) above or at a different address I f I am gi ven a notice of that different address NYNTI7l. ) Subject to the limits stated in Section 4(D) below. except as otherwise required by applicable law (C) No Waiver by Note Holder Even il'. 2S0% or less than 6. or less than 6.000% of my overdue payment of principal and interest. then: (i) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit. for example. If I make a partial prepayment. the Note Holder will calculate my new interest rate by adding SIX percentage poinus) ( 6. together with accrued interest A When J make a prepayment. IS finally Interpreted so that the interest or other loan charges collected or to he collected in connection with tim loan exceed the permitted limits.000% (E) Effective Date of Cbanges My new interest rate will become beginning effective on each Change Date I WIll pay the amount of my new monthly payment on the first monthly pavrnent date after the Change Date until the amount of my monthly payment changes again (F) Notice of Changes The Note Holder will deliver or mail to me a notice of any changes 1!l my interest rate and the amount of my monthlv payment before the effective date of any change The notice will include information required by law to be given me and also the title and telephone number of a person who will answer any question I may have regarding the notice 5. there will be no changes in the due dates of mv monthly payments unless the Note Holder agrees in writing to those changes. I will be in default. the Note Holder does not reqLl1re me to pay immediately in full as described above. I will pay a late charge to the Note Holder. (B) Default If I do not pay the full amount of each monthly payment on the date it IS due. The amount of the charge will be 2.wp (11-30-06) . will have the by applicable GIVING OF NOTICES Unless applicable law requires a different method. any reduction due to mv partial prepayment may be offset by an interest rate increase 6.2S0't. (0) Payment of Note Holder's Costs and Expenses If the Note Holder has required me to pay immediaielv 111 full a" described above. this rounded amount will be my new interest rate until the next Change Dare The Note Holder will then determine the amount or the monthly payment that would be sufficient to repay the unpaid principal that I am expected to owe at the Change Date III 1\1\1 on the Maturitv Date at my new interest rate in substantially equal payments The result of this calculation will be the new amount of mv monthly payment (0) Limits on Interest Rate Changes The mteres: rate I am required to pay at the In-st Change Date will not be greater than 10. My partial prepayment mav reduce the amount ol' my monthly payments after the first Change Date following my partial prepayment However. BORROWER'S RIGHT TO PREPA Y J have the right to make payments of principal payment of principal only is known as a "prepayment" that I am doing so. the Note Holder will still have the right to do so If I am In default at a later urne.Loan Number: 3310S1388 Servicing Number 002272894-3 a new index Date that is based 12/29/06 upon comparable [f the Index is no longer available.000% Thereafter. If I am in default. I WIll pay this late charge promptly but only once on each late payment. the Note Holder may require me to pay Immediately the full amount of principal which has not been paid and all interest that lowe on that amount.

including the obligations of a guarantor. protects losses which might Some of those if I do not keep the promises I may be required to make are described as follows in full of all amounts [ owe under this Note. SECURED NOTE In addition (the" Security result conditions conditions to the protections given to the Note Holder under this Note. dated the same date as this Note. at its option. If all or any part of the Property or any interest in it is sold or transferred (or If a beneficial Interest in Borrower IS sold Dr transferred and Borrower is not a natural person) without Lender's prior written consent. require Immediate payment III full of all sums secured by this Security Instrument. payment That Security Deed of Trust or Security from possible describes how and under Deed what Instrument"). 10. of us may be required to pay all of the amounts owed under this Note.Loan Number 9. Transfer of the Property or a Beneficial Interest in Borrower. the Note Holder Instrument that I make immediate in this Note. Lender shall give Borrower notice of acceleration. as of the date of this Securitv Instrument ' Lender also shall not exercise this option if (a) Borrower causes to be submitted to Lender intorrnation required by Lender to evaluate the intended transferee as if a new loan were being made ttl the transferee: WIll not be impaired Security Instrument bv the loan assumption IS and (\I) Lender reasonably determines that Lender's or agreement security in this and that the risk of a breach of any covenant acceptable to Lender. a Mortgage. However. Lender may. each person IS fully and personally this Note. made III 331051388 Servicing. includmg the promise to pay the full amount owed. WAIVERS This means that anyone I and any other person who has obligations under this Note waive the rights of presentment and notice of dishonor. law. Any person obligated to keep all of the promises surety or endorser who is a guarantor. "Presentment" means the fight to require the Note Holder to demand pay ment of amounts due "Notice of dishonor" means the right to require the Note Holder to give nonce to other persons that amounts due have not been paid II.. Lender may invoke any remedies permitted by this Security Instrument notice or demand on Borrower WITNESS THE HAND(S) AND SEALeS) 01' Tl·IE LJNDFRSIGNED ____________________ (ScaJ) -Borrower LADON FOWLER -Borrower ____________________ (S~at) -Borrower ____________________ (Seal) -Borrower ____________________ (Seal) -Borrower ____________________ (Seal) -Borrower [Sign Original Only] Page 3 of 3 NYNTJ7J wp(JJ-3fJ-06) . The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. surety or endorser of this Note. Number 002272894-3 Date 12/29/06 OBLIGATIONS OF PERSONS tJNDER TI IJS NOTE If more than one person signs this Note. Lender may charge a reasonable fee as a condition to Lender's consent To the extent permitted by applicable to the loan assumpuon Lender may also require the transferee to sign an assumption agreement that is acceptable to Lender and that obligates the transferee t\J keep all the promises and agreements made in the Note and in this Security Lender Instrument. this option shall not be exercised by Lender If exercise is prohibited by federal I a v. The Note Holder may enforce its rights under this Note against each person individually or against all of us together. releases Borrower WIll continue to be obligated under the Note and this Security Instrument unless Borrower In writing If Lender exercises the option to require Immediate payment III full. of this Note is also obligated to do these things Any person who takes over these obligations. If Borrower fails to pay these sums prior to the expiration without further of this period. is also obligated to keep all of the promises made in this Note.

Loan Number: 331051388 Servicing Number 002::272894-3 Date 12/29/06 BALLOON NOTE ADDENDUM This is a BALLOON LOAN. and all advancements made by the lender under the terms of this loan in THIRTY (30) years from the date on which the loan is made. The term of the loan is 40/30 years. or you may have to find another lender willing to refinance the loan. Therefore. late charges.wp (05·19·05) . you will probably be charged interest at market rates prevailing at that time which may be considerably higher or lower than the interest rate paid on this loan. This means that while your monthly payment amount is amortized in accordance WIth a 40 year loan term. if any. The lender has no obligation to refinance this loan at the end of its term. Borrower LAD ON FOWLER Borrower Borrower Borrower Borrower Borrower MUL T1STATE BALLOON NOTE ADDENDUM Page 1 of 1 USD564J. Assuming this lender or another lender refinances this loan at maturity. together with accrued interest. you may be required to repay the loan out of other assets you mav own. You may also have to pay some or all of the closing costs normally associated with the new mortgage loan even if you obtain refinancing from the same lender. the loan is payable in full in THIRTY (30) years from the date the loan is made As a result you will be required to repay the entire remaining principal balance.

wp (01-16-04) .Loan Number 331051388 Servicing Number 002272894-3 Date: 12/29/06 EXHIBIT D (Consolidated Mortgage and Riders) Page g NYSIA41.

. will be called the LADON FOWLER AND SHUROD BROWN sometimes will be called" Borrower" and sometimes simply "I" or me (C) "Lender. a California will be called "Lender" Lender IS Corporation a corporation or association Lender's address IS 3 Ada." This document.000. Irvine. described below JJ1 the section titled" Borrower's Transfer to Lender of Rights in the Propertv" sometimes wil: be called the" SUIllS Secured. 2037 (E) "Property. 2006 ." "Security Instrument" (B) "Borrower." Option One Mortgage Corporation. CA which exists under the laws of CALIFORNIA 92618 29." The note Signed bv Borrower and dated December The Note shows that I owe Lender SIX HUNDRED FORTY THOUSAND ." will be called the" Property " (F) "Sums Secured. BOX 57096 IRVINE.O.3 CONSOLIDATED MORTGAGE o lliJ THE PREMISES ARE IMPROVED OR ARE TO BE IMPROVED RESIDENCE OR DWELLING ONLY BY A ONE OR TWO F AMIL Y THE PREMISES ARE IMPROVED OR ARE TO BE IMPROVED CONTAINING SIX RESIDENTIAL UNITS OR LESS. 2006 . P." The amount:'. .wp (01-16-04) . which IS dated December 29. CA 92619-7096 ATTN: QUALITY CONTROL Loan Number 331051388 Servicing Number: 002272 894.AND Noll OOTHs Dollars (LJ S $640. EACH DWELLING COOKING F ACILlTIES WITH A STRUCTURE UNIT HA VING ITS OWN WORDS USED OFTEN TN THIS DOCUMENT (A) "Security Instrument. will be called (D) "Note" the "Note." NEW YORK .Single Family Page 1 of 14 NYSIM41." The property that IS described below III the section titled "Description of the Property. I have promised to pay this debt JJ1 monthly payments and to pay the debt in full by February 01.EXHillIT 0 MIEN RECORDED MAIL TO: OPTION ONE MORTGAGE CORP.00 ) plus interest.

except for those which are of public record. Page 2 or 1-1 NYSIM41. BORROWER'S RIGHT TO MORTGAGE THE PROPERTY AND BORROWER'S OBLIGATION TO DEFEND OWNERSHIP OF THE PROPERTY I promise that (A) I lawfullv own the Property: (B) I have the ngllt to mortgage. IStreelj BROOKLYN [Cit~'l . (F) All of the rights and property described 111 subparagraphs (B) through (E) of this section that I acquire in the future. grant and convey the Property to Lender: and (C) there are no outstunding claims or charges agalllst the F'ropertv. with interest. (8) All buildings section. DESCRIPTION OF THE PROPERTY I give Lender rights in the Property described (A) The Property which is located at in (A) through (G) below: 381 11233-1009 [lip Code] MACON ST. or next to. New York Kings This Property It has the following is in Countv legal description BL: 1664-67 SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART THEREOF. This means that. grant and convey the Properly to Lender subject to the terms of this Security Instrument. and (C) Keep all of my other promises and agreements under this Securiry Instrument.Loan Number 331051388 Servicing Number 002272894 -3 Date: 12/29/06 BORROWER'S TRANSFER TO LENDER OF RIGHTS TN THE PROPERTY I mortgage. any amounts that Lender spends under Paragraphs 2 and 7 of this Security Instrument to protect the value of the Property and Lender's rights In the Property. the Property described 111 subparagraph (A) of this secuon: (E) All fixtures that are now or in the future WIll be on the Property described in subparagraphs (A) and (8) of this section. and other improvements that are located on the Property described 111 subparagraph (A) of this (C) All rights in other property that [ have as owner of the Property described in subparagraph (A) of this section. (D) All rights that I have in the land which lies 111 the streets or roads in front of. by signing this Security Instrument. I am giving Lender those rights that arc stated 111 this Security Instrument and also those rights that the law gives to lenders who hold mortgages on real property I am giving Lender these rights to protect Lender from possible losses that might result If I fail to (A) Pay all the amounts that lowe Lender as stated in the Note: (8) Pay. and (G) All replacements of or additions to the Property described in subparagraphs (B) through (F) of this section. These rights are known as "easements and appurtenances attached to the Property".wp (01·16·04) .

and sewer rents on the Property which under the law may he superior to this Security Instrument as a lien on the Property Any claim. hazard or property insurance covering the Property. water lrontnge charges and other Similar charges. under Paragraph 8 below.Loan Number 331051388 Servicing Number 002272894-3 Date 12/29/06 I give a general warranty of title to Lender This means that I will be fully responsible for any losses which Lender suffers because someone other than myself has some or the righh III the Property which I promise that I have. assessments. or unless the law requires otherwise. (iii) The estimated yearly premium for hazard or property insurance covering the Property. and flood insurance (if any) I I' Lender required mortgage insurance as a condition of making the loan that I promise to pay under the Note. (iv) The estimated yearly premium for tlood insurance covenng the Property (if any). demand or charge that IS made against property because an obligation has not been fulfilled IS known as a "lien". wp (0\·\6-04) . leasehold payments or ground rents (if any). I will make these payments on the same day that mv monthly pavrnents of principal and interest are due under the Note r» My pavrnents under this Paragraph 2 will he for the items listed III (I) through (vi) below. My promises and agreements are stated In "plain language" COVENANTS I promise and I agree with Lender as follows I. \0 a limited extent. It also contains other promises and agreements that vary. unless the law the amount I am to pay The amounts that I pay to Lender the "Funds. which are called "Escrow Items" (i) The estimated yearly taxes. instead of payll1g for mortgage insurance I am required to pay Lender an amount equal to the cost of mortgage insurance. IJ1 different parts of the country. due under the Note and any prepayment and late charges due 2. I will pay this amount to Lender I will pay all of these amounts to Lender unless Lender tells me. III Writing. that I do not have to do so. assessments. I also will pay to Lender all amounts necessary to pay for mortgage Insurance. water frontage charges and other similar charges. (II) The estimated yearly leasehold payments or ground rents on the Property (if any ). BORROWER'S PROMISE TO PA Y I will pay to Lender on time principal and interest under the Note. MONTHL Y PA YMENTS FOR TAXES AND INSURANCE (A) Borrower's Obligations I will pay to Lender all amounts necessary to pay for taxes. sewer rents. of \4 NYSIM4 \." The Funds are pledged as additional security The law puts limits on the total amount of Funds Lender can at any time collect and hold This total amount cannot be more than the maximum amount a lender for a "federally related mortgage loan" could require me to place in Page :. and (ii ) if. (v) The estimated yearly premium for mortgage insurance (if any): and (vi) The estimated yearly amount I may be required to pay Lender under Paragraph 8 below instead of the payment of the estimated yearly premium for mortgage insurance (if anv). Lender Will estimate from time to time the amount I Will and bills and reasonable estimates of the amount I \\'111 requires Lender to use another method for determining for Escrow Items under this Paragraph 2 will be called for all Sums Secured have to pay for Escrow Items by using existing assessments have to pay tor Escrow Items in the future. I promise that I Will defend my ownership of the Property against any claims of such rights PLAIN LANGUAGE SECURlTY INSTRUMENT This Security Instrument contains promises and agreements that arc used III real property security instruments all over the counirv.

for making a yearly analysis of my payment of Funds or for receiving. for using the Funds to pay Escrow Items. or (ii) the law requires Lender to pay interest on the Funds (C) Adjustments to tbe Funds Under the law. to pay principal due. holding at the time of the acquisition or sale to reduce the Sums Secured. instrumentality. Lender will use the Funds to pay the Escrow Items. the amount of Funds which Lender is holding or keeping IS greater than the amount of Funds Lender is allowed to hold under the law If. However. Lender will give to me. at the time I sign this Security Instrument. under Paragraph 21 below. sewer rents. verifving and totaling assessments and bills. to pay interest due. then before the acquisition or sale. Lender will promptly refund to me any Funds that are then being held bv Lender. water frontage charges and other SImilar charges. unless the law does not permit Lender to make such a charge Lender will not be required to pay me any interest or earnings on the Funds unless either (i) Lender and I agree in writing. there is a limit on the amount of Funds Lender may hold If the amount of Funds held by Lender exceeds this limit. Lender may charge me for these services if Lender pays me interest on the Funds and If the law permits Lender to make such a charge Lender also may require me to pay a one-time charge for an independent real estate tax reporting service used by Lender In connection with my loan. or many F ederal Home Loan Bank If Lender is such a savings or banking institution. 3. When I have paid all of the Sums Secured. ASSESSMENTS AND CLAIMS I will pay all taxes. to pay uny prepayment charges due under the Note. to pay any late charges clue under the Note." as that law may be amended from time to nrne. by making the payments on time to the person owed Page . Lender may hold the Funds Except as described in this Paragraph 2. and Last. I will also make payments due under my lease If I am a tenant on the Property and I will pay ground rents (if any) due on the Property I will do this either by making the payments to Lender that are described in Paragraph 2 above or. Lender will use anv Funds which Lender I. that Lender will pay interest on the Funds. There will he an excess amount if. That accounting must show all additions to and deductions from the Funds and the reason for each deduction Lender mily not charge me for holding or keeping the Funds. Lender either acquires or sells the Property. Lender \\'111 upplv each my payments under the Note and under Paragraphs I and 2 above 111 the following order and for the following purposes FIrst. to pay the amounts due to Lender under Paragraph 2 above. an annual accountmg of the Funds. without charge. (B) Lender's Obligations Lender will keep the Funds m a savings or banking institution which has its deposits Insured by a federal agency. or enntv. Next. if I am not required to make payments under Paragraph 2. Next. BORROWER'S OBLIGA nON TO PAY CHARGES. but the number of payments will not be more than twelve. If.wp (01-16-04) . I will pay to Lender whatever additional amount is necessary to pay the Escrow Items in full Lender will determine the number of monthly payments 1 have in which to pay that additional amount. Lender mav tell me in writing that an additional amount is necessary. or 4. APPLICATION OF BORROWER'S PA YMENTS Unless the law requires otherwise. assessments. Next. at any tune.j or 14 NYSIM41. at any time. If there is another law that imposes a lower limit on the total amount of Funds Lender can collect and hold. Lender has not received enough Funds to make the payments of Escrow Items when the payments are due.Loan Number 331051388 Servicing Number 002272894-3 Date: 12/29/06 an "escrow account" under the federal law called the "Real Estate Settlement Procedures Act of 1974. Lender will be limited to the lower amount. then the law requires Lender to account to me in a special manner for the excess amount of Funds. and any other charges and fines that may be imposed on the Property and that may be superior to this Security Instrument.

that the lien of this Securitv Instrument IS superior to the lien held by that person. the remaining proceeds will be paid to me lfl abandon the Propertv . the superior lien may not be enforced. [1 cl8JITI. I will promptly paj' or satisfy all liens against the Property that may be superior to this Security Instrument. Lender mal' collect the proceeds Lender mav LIse the proceeds to repair or restore the Property or to pay the Sums Secured The 30-day period will begin when the notice IS given If any proceeds are used to reduce the amount of pnncipal which lowe to Lender LInder the Note. Lender may not refuse to approve my choice unless the refusal IS reasonable. BORROWER'S OBLIGATION TO MAfNT AfN I-IAZARD INSURANCE OR PROPERTY fNSURANCE I will obtain hazard or property Insurance to cover all buildings and other Improvements that now are or in the future will be located on the Property The Insurance must cover loss or damage caused by fire. but my choice IS subject to Lender's approval. to pay the obligation which gave rise to the superior lien and Lender approves the lVay in which I agree to pay that obligation: or (8) III good faith. I may choose the insurance company. the word "person" means other party) If I make direct payments. governmental authority or making any of those payments I will give Lender a to Lender under Paragraph 2. approved 111 writing by Lender. or (C) Lender and I have agreed In writing not to lise the proceeds for that purpose If the repair or restoration IS not economically feasible or if it would lessen Lender's protection under this Security Instrument. If I do not maintain the msurance coverage described above. I will give Lender all Paragraph 4. this Security Instrument does not require me to satisfy a superior hen if: (A) I agree. If I do not The amount paid hv the insurance company h called "proceeds" The proceeds will he used to repair or to restore the damaged Property unless (A) it IS not cconornicallv feasible to make the repans or restoration. promptly prove to the insurance company that the loss or damage occurred. then promptly after receipt which shows that [ have done so.Loan Number 331051388 Servicing Number 002272894-3 Date 12/29/06 them (In this Security Instrument. organization. I wi II promptly notify the JJ1S11ranCecompany and Lender.wp (01-16-04) . Page 5 of 14 NYS1M41. 111 writing. I argue or defend against the superior lien in a lawsuit so that. including floods and flooding. However. during the lawsuit. Lender may gIve Borrower a notice identifying the superior lien Borrower shall pavor satisfy the superior lien or take one or more of the actions set forth above within 10 days of the giving of notice 5. The insurance must be III the amounts and for the periods of time required by Lender. If Lender determines that any part of the Property is subject to a superior hen. witlun 30 davs. or Ji' I do not answer. or (B) the use of the proceeds for that purpose would lessen the protection given to Lender by this Security Instrument. I will promptly give Lender all receipts of paid premiums and renewal notices that I receive. Lender will have the right to hold the policies and renewals If Lender requires. Lender and J may agree 111 writing to those delays or changes. However. then Lender may do so. I f there is a loss or damage to the Property. a nonce from Lender stating that the insurance company has offered to settle. then the proceeds will be used to reduce the amount that [ owe to Lender under the Note and under this Security Instrument If any of the proceeds remain after the amount that I OWl' to Lender has been paid In full. Lender may obtain insurance coverage to protect Lender's rights in the Property in accordance with Paragraph 7 below All of the insurance policies and renewals of those policies must include what IS known as a "standard mortgage clause" to protect Lender The form of all policies and renewals must be acceptable to Lender. that use will not delay the due date or change the amount of any of my monthly payments under the Note and under Paragraphs I and 2 above. or (C) I secure from the holder of that other lien an agreement. 11'1 make payment notices or hills that I receive for the amounts due under this any person. hazards normally covered by "extended coverage" hazard insurance policies and other hazards for which Lender requires coverage.

If Borrower breaches this promIse to OCCUPy the property as Borrower's primary/secondary residence. all of my rights In any proceeds which are paid because of damage that occurred before the Property IS acquired by Lender or sold will belong to Lender However. even If Lender has required immediate payment in full. I made false or inaccurate statements to Lender about information important to Lender in determining my eligibility for the loan. (I) Declare all sums secured by the Security Instrument due and payable and foreclose the Security Instrument. Borrower promises and assures Lender that Borrower intends to occupy this property as Borrower's primary/secondary residence and that Borrower will so occupy this property as its sole primary/secondary residence within sixty (60) days after the date of the Security Instrument. all of my rights III the Insurance policies will belong to Lender Also. in addition to the remedies provided in the Security Instrument. Page 6 elf' 14 N'(SIM4Lwp (01-16-04) . 12/29/06 If Lender acquires the Property under Paragraph 21 below. a legal action or proceeding to requIre the Property. to be given up) is begun and Lender determines. AND TO FULF~L ANY LEASE OBLIGATIONS.oan Number 331051388 Servicing Number 002272894-3 Dille. BORROWER'S OBLIGATIONS TO OCCUPY THE PROPERTY. BORROWER'S LOAN APPLICATION (A) Borrower's Obligations to Occupy the Property Borrower acknowledges that the Lender docs not desire to make a loan to Borrower secured by this property on the terms contained in the Note unless the property IS to be occupied by Borrower as Borrower's primary/secondary residence. increase the interest rate and adjust the monthly payments under the Note accordinglv. 6. Lender will treat my actions as a default under this Security Instrument False or inaccurate statements about information Important to Lender would include a misrepresentation of my intentions to occupy the Property as a principal residence This IS just one example of a false or maccur ate statement of Important information Also. a default under lhls Secur itv Instrument. TO MAINTAIN AND PROTECT THE PROPERTY. in good faith.enders fights in those proceeds will not be greater than the Sums Secured immediately before the Property IS acquired by Lender or sold. and I will not allow the I WIll be "111 default" under this Secuniv Instrument 11' 11'<111 to keep any promise or agreement made in this Security Instrument. (B) Borrower's Obligations to Maintain I WIll keep the Property 111 good repair Property to deteriorate and Protect the Property I WIll not destrov. then Lender may invoke any of the following remedies. during the application process for the loan that I promise to pay under the Note. 1 WIll fulfill all my obligations under my lease I also agree that. or (3) require that the principal balance be reduced to a percentage of either the original purchase price or the appraised value then being offered on non-owner occupied loans. If I acquire the fee title to the Property. (C) Borrower's Obligations to Fulfill Any Lease Obligations If I do not own but am a tenant on the Property. as provided 111 Paragraph 18 below. I will have the fight to have enforcement of this Security Instrument discontinued. I also WIll he III default under this SeCI1]"1ty lnstrurnent if any civil or crirmnal action or proceeding for "forfeiture" (that is. if during the loan application process I failed to provide Lender With information Important to Lender in determining my eligibility for the loan.l. that this action or proceeding could result in a court ruling (i) that would require forfeiture of the Property or (ii ) that would materially impair the lien of this Security Instrument or Lender's ri ghts in the Property I mav correct the default by obtaining a court ruling that dismisses the legal action or proceeding. that this court ruling prevents forfeiture of my interests in the Property and also prevents any material impairment of (i) the lien created by this Security Instrument or (ii) Lender's rights in the Property If I correct the default. damage or harm the Properly. Lender WIll trea: lhh <1:. l. Lender makes non-owner residence loans of different terms. (2) Decrease the term of the loan and adjust the monthly payments under the Note accordingly. or uny part of the Property. in good faith. if Lender determines. 1l1~' lease mterest and the fee title will not merge unless Lender agrees to the merger in wrumg (0) Borrower's Loan Application If.

with Interest. I will pay to Lender anv amounts. Lender may do and pay for whatever is necessary to protect the value of the Proper tv and I. hegins a legal proceeding that rna" significantlv affect Lender' S rIghts 111 the Property (such as a legal proceeding In bankruptcy. for condemnation or forfeuure. if mortgage insurance coverage again becomes available and IS obtained The mortgage insurance coverage must be in the amount and for the period of time required by Lender The Lender must approve the Insurance company providing the coverage. will pay the premiums for the mortgage insurance. I will pay the premiums for substantially equivalent mortgage insurance coverage. However. the amount of the Sums Secured Page 7 of 14 NYSIM41. Lender may choose to no longer require loss reserve payments.IGHTS IN THE PROPERTY If (A) I do not keep my promises and agreements made 111 this Securitv Instrument. Lender must give me notice stating a reasonable purpose for the mspecuon 10. or the luss reserve pavrnents. i I' only a part of the Property IS taken." I give to Lender my right (A) to proceeds of all awards or claims for damages resulting from condemnation or other governmental taking of the Property. after the amount that lowe to Lender has been paid In full. or the loss reserve payments.wp (01-16-03) . the cost of this mortgage insurance coverage must be substantially equivalent to the cost to me of the previous mortgage insurance coverage. All of those proceeds will be paid to Lender If all of the Property IS taken. the mortgage insurance coverage lapses or ceases to be 1I1 effect. and (8) to proceeds from a sale of the Property that is made to avoid condemnation. If substantially equivalent mortgage insurance coverage is not available. Lender will retain these payments.ender's rights in the Property. or (B) someone. MORTGAGE INSURANCE I I' Lender required mortgage insurance as a condi tion of making the loan that I promise to pay under the Note. the proceeds will he used to reduce the Sums Secured. JI1 the manner descnbed In Paragraph 2 above 9. Lender and I may agree In writing to terms of payment that are different from those in this paragraph. until the requirement for mortgage insurance ends according to l1lV wruten agreement IVIth Lender or according to law Lender may require me to pay the premiums.Lo~ Numbcr 331051388 Servicing Number 002272894-3 Date 12/29/06 7. I will also pay interest on those amounts at the Note rate. Lender does not have to do so. 111 probate. If. Before or at the time an inspection is made. LENDER'S RIGHT TO INSPECT THE PROPERTY Lender. Lender's action:'> may include appeanng III court. I will pay the mortgage insurance premiums. Lender will establish a "loss reserve" as a substitute for the mortgage insurance coverage I will pay to Lender each month an amount equal to one-twelfth of the yearly mortgage insurance prenmllTI (as of the time the coverage lapsed or ceased to be in effect). I will pay those amounts to Lender when Lender sends me a nonce requestmg that I do so. or to enforce laws or regulations). and the fair market value Immediately before the taking either IS equal to. paying reasonable attorneys' fees and entering on the Property to make repairs Although Lender may take action under this Paragraph 7. may enter on and inspect the Property They must do so in a reasonable manner and at reasonable times. LENDER'S RIGHT TO PROTECT ITS R. and others authorized by Lender. and the alternate mortgage insurer must be approved by Lender. which Lender spends under this Paragraph 7. However. for any reason. or greater than. 8. including me. Interest on each amount Will begin Oil the date that the amount IS spent by Lender. and will use these payments to pay for losses that the mortgage insurance would have covered. AGREEMENTS ABOUT CONDEMNATION OF TI-ffi PROPERTY A taking of property bv any governmental authority by eminent domain is known as "condemnation. This Security Instrument will protect Lender in case I do not keep this promise to pay those amounts with interest. the remairung proceeds Unless Lender of the Property If any of the proceeds will he paid to me remain and I agree otherwise 111 WrI till g.

any person who takes over Lender's rights or obligations under this Security Instrument will have all of Lender's rights and will be obligated to keep all of Lender's agreements made in this Security Instrument. Lender has the authority to collect the proceeds. Unless Lender and I agree otherwise in writing or unless the law requires otherwise. Lender WIll not he required 10 bring a lawsuit against such a person for not fulfilling obligations under the Note or under this Securitv Instrument. the proceeds will be used to reduce the Sums Secured. This means that anyone of us may be required to pay all of the Sums Secured However. The 30-day period will begin when the notice IS given If any proceeds are used to reduce the amount of principal which lowe to Lender under the Note.Loan Number 331051388 Servicing Number 002272894-3 Date 12/29/06 immediately before the taking. if only a part of the Property is taken. each of us IS fully obligated to keep all of Borrower's promises and obligations contained In this Security Instrument. and (C) that person agrees that Lender may agree with the other Borrowers to delay enforcing any of Lender's rights or to modify or Page 8 or 14 NYSIM41. Similarly. a notice from Lender staung that a governmental authority has offered to make a pavment or to settle a claim for damages. (B) Lender's Rights Even if Lender does not exercise or enforce any right of Lender under Lender will still have OJII of those rights and I11ny exercise and enforce insurance. Lender may then use the proceeds to repair or restore the Property or to reduce the Sums Secured. even if Lender is requested to do so. Lender may enforce Lender's rights under this Security Instrument against each or us individually or against all of us together. even if Lender IS requested not to do so. If I abandon the Propertv. pays taxes.wp (01-16-04) . Lender may allow those delays or changes for ::J person who takes over my rights and obligations. Even if Lender obtains Property. The remainder of the proceeds will be paid to me. the amount that lowe to Lender will be reduced only by the amount of proceeds multiplied by a fraction That fraction IS as follows CA) the total amount of the Sums Secured immediately before the taking. within 30 davs. divided by (B) the fair market value of the Property Immediately before the taking. however. Lender will have the right under of the amount that lowe to Lender under 12. them in the future. or pays other claims. or if I do not answer. and the fair market value of the Property immediately before the taking is less than the amount of the Sums Secured immediately before the taking. that use will not delay the due date or change the amount of any or mv monthlv payments under the Note and under Paragraphs I and 2 above. I L CONTINUATION OF BORROWER'S OBLIGATIONS AND OF LENDER'S RIGHTS (A) Borrower's Obligations Lender may allow a person who takes over my rights and obligations to delay or to change the amount of the monthly payments of principal and interest due under the Note or under this Security Instrument. OBLIGATIONS OF BORROWER AND OF PERSONS TAKING OVER BORROWER'S RIGHTS OR OBLlGA TIONS Any person who takes over my fights or obligations under this Security Instrument will have all of my rights and will be obligated to keep all of my promises and agreements made in this Security Instrument. Lender and I may agree 111 wnung to those delays or changes. charges or liens against the Paragraph 21 below to demand that I make immediate payment III full the Note and under this Security Instrument this Security Instrument or under the law. Even if Lender does this. if one of us does not sign the Note: (A) that person IS signing this Security Instrument onlv to give that person's rights in the Property to Lender under the terms of this Security Instrument: and (B) that person IS not personally obligated to pay the Sums Secured. However. that person and I will both still he fully obligated under the Note and under this Security Instrument. If more than one person signs this Security Instrument as Borrower.

Lender shall not require immediate payment !1l full if this is prohibited by federal law on the date of this Security Instrument. 14. AGREEMENTS ABOUT LENDER'S RIGHTS IF rm: PROPERTY IS SOLD OR TRANSFERRED Lender may require Immediate payment 111 full of all Sums Secured by this Security Instrument if all or any part of the Property. all other without the with the law where the Property IS terms of this Security conflicting term." A notice will be given to me at a different address If 1 give Lender [1 notice of my different address Any notice that must be given to Lender under this Security Instrument will be given bv mal Iing It to Lender' s address stated In subparagraph (C) of the section above titled "Words Used Often In This Document u A notice will be mailed to Lender at a different address if Lender gives me a notice of the different address A notice required bv this Securitv Instrument lS given when it is mailed or when It is delivered according to the requirements nt this Parngraph 1. 16.wp (01-16-04) .:1 or 01 applicable law I S. and the remaining terms will still be enforced. Lender also may require immediate payment in full if a beneficial interest 111 Borrower is sold or transferred and Borrower is not a natural person However. If any term of this Secunty Instrument or of the Note conflicts with the Instrument and of the Note will still remain III effect if they can be given effect means that any terms of this Security Instrument and of the Note which conflict the remaining terms. LOAN CHARGES If the loan secured by this Security Instrument is subject to [I law which sets maximum loan charges. and that law is finally interpreted so that the interest or other loan charges collected or to he collected in connection with the loan exceed permitted limits (A) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit. This can be separated from copy of tbe Note and of this Security Instrument 17. The 30-day period will begin on the date the notice is mailed or delivered It'l do not make the required payment during that penod. Lender may act to enforce its rights under this Securitv Instrument without giving me any further notice or demand for payment 18. I may have the right to have enforcement of this Security Instrument discontinued J will have this right at anv time before sale of the Property under any power of sale Page 9 of 14 NYSIM41. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower If a refund reduces principal. h sold or transferred without Lender's prior written permission. NOTICES REQUIRED UNDER THIS SECURITY INSTRUMENT Any notice that must be given to me under this Security Instrument will be given by delivering it or by mailing it by first class mail unless applicable law requires lise of another method. and (8) any sums alreadv collected from Borrower which exceeded permitted limits will be refunded to Borrower. The notice will he addressed to me at the address stated III the section above titled" Description of the Property. If Lender requires immediate payment 111 full under this Paragraph 17.Loan Number: 331051388 Servicing with regard NUIll ber 002272894 -3 Instrument Date 12/29/06 that person's make any accommodations consent. the reduction will be treated as a partial prepayment without any prepayment charge under the Note. to the terms of this Security or the Note without 13. BORROWER'S RIGHT TO HAVE LENDER'S ENFORCEMENT OF THIS SECURITY INSTRUMENT DISCONTINUED Even if Lender has required immediate payment In full. LA W THAT GOVERNS THIS SECURITY INSTRUMENT This Security Instrument is governed bv federal law and the law that applies located. BORROWER'S COPY I will be given one conformed in the place law. or if any right In the Property. Lender will give me a notice which states this requirement The notice will give me At least 30 days to make the required payment.

" I wil1 not do anything affecting the Property that violates Environmental LaViS. CONTINUATION OF BORROWER'S OBLIGATIONS TO MAfNTAfN AND PROTECT THE PROPERTY The federal laws and the laws of the jurisdiction where the Property is located that relate to health. and I may use or store these small quantities on the Property In addition. 20. I may not receive any prior notice of these sales The entity that collects Illy rnonthlv payments due under the Note and this Security Instrument is called the "Loan Servicer. unless the 13\.1/ requires removal or other action. may be sold one or more times." There may be a change of" the Loan Scrvicer as a result of the sale of the Note: there also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. toxic pesticides and herbicides. safety or environmental protection are called "Environmental Laws. then the Note and this Security Instrument will remain in full effect as if Immediate payment 111 full had never been required However. for example. and I wil1 not allow anyone else to do so. and also tel1 me the address to which I should make my payments. volatile solvents. and (8) I correct my failure to keep any of my other promises or agreements made in this Security Instrument. the Improvements and the fixtures on the Property are permitted 10 contain asbestos and asbestos-containing materials If the asbestos and asbestos-containmg materiuls are undisturbed and "non-friable" (that is. However. and I will not allow anyone else to do so. 19. other flammable or toxic petroleum products. materials containmg asbestos or formaldehyde. together with this Security Instrument. The notice also will contain any other information required by the law. I also will not dispose of Hazardous Substances on the Property. There arc other substances that are considered hazardous for purposes of this Paragraph 20. and (C) J pay all of Lender' s reasonable expenses in enforcing this Security Instrument including. the buildings. wp (01·16-04) . NOTE HOLDER'S RIGHT TO SELL THE NOTE OR AN fNTEREST fN THE NOTE. or release any Hazardous Substance on the Property. kerosene. The substances defined as toxic or hazardous by Environmental I.aws and the substances considered hazardous for purposes of this Paragraph 20 are called" Hazardous Substances" I will not permit Hazardous Substances to be present on [he Property I will not use or store Hazardous Substances on the Property. or an interest III the Note. not easily crumbled by hand pressure) Page I 0 elf" 14 "JYSIM41. The law requires that I be given written notice of any change of the Loan Servicer The written notice must he given 11l the manner required under Paragraph 14 above and under applicable law The nonce will state the name and address of the new Loan Servicer. Lender's rights under this Securitv Instrument. I may perrmt the presence on the Property of small quannnes of Hazardous Substances that are generally recognized ns appropriate for normal residential use and maintenance of the Property. and my obligations under the Note and under this Security Instrument continue unchanged If I fulfill all of the conditions in this Paragraph 18. These are gasoline. and I will not allow anyone else to do so Environmental Laws classify certain substances as toxic or hazardous. BORROWER'S RIGHT TO NOTICE OF CHANGE OF LOAN SERVICER The Note.Loan Number 331051388 Servicing Number 002272894-3 ajudgment Date 12/29/06 enforcing this Security granted by this Security Instrument or al any time before Instrument If I meet the following conditions has been entered (A) I pay to Lender the full amount that then would be due under this Security Instrument and the Note as if Immediate payment in full had never been required. reasonable attorneys' fees: and (D) I do whatever Lender reasonably requires to assure that Lender's rights 111 the Property. I will not have the right to have Lender's enforcement of this Securitv Instrument discontinued if Lender has required immediate payment in full under Paragraph 17 above. and radioactive materials.

wp (01-16-04) . If Lender requires immediate payment in full. or if Borrower is in default under any other mortgage or other instrument secured by the Property. 25. may tben or thereafter invoke the power of sale and/or any other remedies or take any other actions permitted by applicable law. or if Borrower should be in default under any provision of this security Instrument. LENDER'S RIGHTS IF BORROWER FAILS TO KEEP PROMISES AND AGREEMENTS Except as provided in Paragraph 17. Lender may require that I pay immediately tbe entire amount then remaining unpaid under the Note and under this Secunty Instrument. 26. Lender. at its option. and In the event that Borrower has made any material misrepresentation or faded to disclose anv material fact. Lender. claim. TIME IS OF THE ESSENCE Time is of the essence m the performance of each provision of this Security Instrument. and regardless of any prior forbearance. I WIll be required to pav Lender a fee for the discharge and for all costs of recording the discharge ID the proper official records 23. This requirement is called "immediate payment in full. 22. I writing If the government notifies me (or I otherwise learn) that It is necessary affecting the Property or to take other remedial acuons." In any lawsuit for foreclosure and sale. At this sale Lender or another person may acquire the Property. In such event. LENDER'S OBLIGATION TO DISCHARGE THIS SECURITY INSTRUMENT When Lender has been paid all amounts due under the Note and under this Security Instrument. or any and all obligations referred to herein or secured hereby IS hcrebv waived to the fullest extent permitted by applicable law. MISREPRESENTATION AND NONDISCLOSURE Borrower has made certain written representauons and disclosures III order to Induce Lender to make the loan evidenced by the Note or notes which this Secuntv Instrument secures. WAIVER OF STATUTE OF LIMITATIONS The pleading of the statute of limitations as a defense to enforcement of this Security Instrument. " If any installment under tbe Note or notes. Lender may do this without making any further demand for payment. above. which fees shall become part of the Sums Secured. secured hereby is not paid when due. 24. except as otherwise required by applicable law. and subject to applicable law. I will promptly take required by Environmental Laws. Lender may bring a lawsuit to take away all of my remaining rights in the Property and have the Property sold. irrespective of the maturity date specified In the Note or notes secured by this Security Instrument. MODIFICATION This Security Instrument may be modified or amended only by an agreement in writing signed by Borrower and Lender or Iawful successors in interest Page 11 of t 4 NYSIM41. Lender will have the right to collect all costs and disbursements and additional allowances allowed by law and will have the right to add all reasonable attorneys' fees to the amount lowe Lender. all sums secured by this Security Instrument and accrued interest thereon shall at once become due and payable at the option of Lender without prior notice. government or by a private party will promptly notify the Lender in to remove a Hazardous Substance all necessary remedial actions as 21. lawsuit or other action by the involving the Property and any Hazardous Substance or Environmental Laws. Lender will discharge this Securitv Instrument bv dehvering a certificate stating that this Security Instrument has been satisfied. demand.Loan Number 331051388 Servicing Number 002272894-3 Date: 12/29/06 If I know of any investigation. To the extent permitted by applicahle law. shall have the right to declare the indebtedness secured bv this Securitv Instrument. immediately due and payable. This is known as • foreclosure and sale. at Its option and without prior notice or demand.

or mutilated Loan Documents. Borrower shall pay to Trustee and Lender their fees in connection with Trustee and Lender including. legal fees. or mutilated Loan document. the Security Instrument. stolen. maintained or insured or related purposes. This means that 11'. and such replacement shall have the same force and effect as the lost. fees and expenses which either may incur. Number 002272894-3 Date: 12/29/06 27.ender. fees ansmg from a returned or dishonored check. Pag~ J 2 or J~ NYSIM41 wp (01-14-06) . LOST STOLEN. to re-execute any documents that are necessary to correct any such errorrs) Borrower further agrees that Lender WIll not be liable to Borrower for any damages incurred bv Borrower that are directly or indrrecilv caused bv any such error 29. and to serve a. any other note secured by this Security Instrument or any other instrument executed by Borrower m connection with the Note or Security Instrument. Note or notes (collectively. any other note secured by this Security Instrument. 30. the lost. fees to determine whether the Property is occupied. inspecuon fees. insurance mid-term substitutions. Borrower hereby assigns to Lender the rents of the Property. or any other document or mstrurnent executed In connecuon With the Security Instrument. theft or destruction of the NOk. destroyed. foreclosure fees and costs arising from foreclosure of the Property and protection of the security for this Security Instrument: and all other fees and costs of a similar nature not otherwise prohibited by law 28. the Security Instrument or any other documents or instruments executed in connection WIth the Security Instrument. computer malfunction. DESTROYED OR MUTn. Borrower agrees.ATED SECURITY INSTRUMENT AND OTHER DOCUMENTS In the event of the loss. Borrower shall have the right to collect and retain the rents of the Propertv as they become due and payable provided Lender has not exercised its rights to require Immediate payment in full of the sums secured by this Security instrument and Borrower has not abandoned the Propertx 3 I . Borrower shall reimburse Trustee and Lender for any and all costs.Loan Number 331051388 Servicing. on the date this Security Instrument IS recorded. To the extent permitted by applicable law. and mav he treated for all purposes as the original copy of such Loan Document. any other note secured by this Security Instrument. printing error or similar error. full or partial lien discharge and other documents requested hy borrower or necessary for performance of Lender's rights or duties under this Security Instrument. CLERICAL ERROR In the event Lender at <my time discovers that the Note. destroyed. and the note. stolen. construction Of other work on any building or other improvement located on the Property has not been completed for at least four months. AGREEMENTS ABOUT NEW YORK LIEN LAW I will receive all amounts lent to me bv Lender subject to the trust fund provisions of Section 13 of the New York LIen Law. broker fees. ATTORNEYS' FEES As used in this Security Instrument appellate court. Note or notes contains an error that was caused hv a clerical mistake. REIMBURSEMENT To the extent permitted by applicable law. the" Loan Documents"). verifications. "attorneys' fees" shall include any attorneys' fees awarded by an 32. statements of loan balance. upon Lender's surrender to Borrower of the mutilated I. transmitting and transporting copIes of loan documents. I will: (A) hold all amounts which I receive and which I have a right to receive from Lender under the Note as a "trust fund". the Note. appraise! fees. protected. a replacement of. fees for making. upon notice from I. OL in the event or the mutilation of any of the Loan Documents. repair expenses.oan Document Borrower shall execute and deliver to Lender a Loan Document in form and content identical to. calculation error. expend or sustain III the execution of the trust created hereunder or in the performance of anv act required or permitted hereunder or by law or in equity or otherwise arising out of or in connection with this Security Instrument. ASSIGNMENT OF RENTS As additional security hereunder. hut not limited to assumption application fees: fees for payoff demands and. upon Borrower's receipt of an indemnification executed in favor of BOlTLlWer by Lender.

.\-~:~ . the promises and !Kl Adjustable o o Rate Rider Home Rider (specify) Manufactured Other(s) o o Condominium Planned Rider RIder 001-4 Family Rider Unit Development o Occupancy Rider BY SIGNING BELOW.) ____ .. ALL PURPOSE CERTIFICATE OF ACKNOWLEDGMENT (Within New York State) ST A TE OF NEW YORK County of {\) L\ '75 Ct-u ) ss r .< r·r. RIDERS TO THIS SECURITY INSTRUMENT If one or more riders are signed by Borrower and recorded together with this Security agreements of each rider are incorporated as a part of this Secuntv Instrument.tf)o~y\'-=--~~__:.. ~ .al) -Borrower (Seal) -Borrower ~sL~{J J~r SHUROD BROWN __________________ __________________ (Seal) -Borrower ~::=__(Seal) -Borrower __________________ (Seal) -Borrower (Seal) -Borrower UNIFORM. [Check applicable boxtesj] Instrument. the undersigned. I -~ 0 (P... .::.. The fact that I am holding those amounts as a "trust fund" means that tor anv building or other improvement located on the Property I have a special responsibility under the law to use the amount In the manner described III this Paragraph .. NYSI~41._..___ _ __ LADON FOWLER __________________ (S. the individual(s).j t-OLY(€-C. and that by his/her/their signaturets) on the instrument. -.A ilk Signature and Office of Individual taking acknowledgement /1 i~AU1)-:J 1 OR Page 13 of 1~ ". ')~ 33..:. .Loan Number 331051388 Servicing Number 002272894-3 Date 12/29/06 and (B) use those amounts to pay for that construction or work before I use them for any other purpose. executed the instrument on 2 v~ ~_ S ~..JtLi2(\ 111 t re vear bel ore me... personally appeared L-t4:u.(i. ~ I . WP{~?]3-03) ~..f h v ~rc) ~f'-(h'_.. __:. or the person upon behalf of which the individualts) acted... ~ . personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose nameis) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacityries). . 'J..._..4 ....--'.!"'!II . t h e rt~dday 0 f --r--c" t. I accept and agree to the promises and agreements contained 8 of this Security Instrument and 111 any ridert s) SIgned by me and recorded with it in pages I through ~A~C.

Territory. evidence to be the individual(s) executed the individual(s). District of Columbia. personally _ the same in or the person made such known to me or proved to me on the basis of satisfactory to the within instrument acted. and that such individual (Insert the citv or other political subdivision and the state or country or other place the acknowledgment was taken).wp (01-16-04) . Possession ) ss or Foreign Countrv On the appeared personally is (are) upon his/her/their behalf appearance subscribed day of in the year before me. and acknowledged signaturets) executed capacitvt ies). Signature and Office of Individual taking acknowledgement Page 14 or 14 NYSIM41. the instrument. ALL PURPOSE CERTIFICATE OF ACKNOWLEDGMENT (Outside of New York State) State. the undersigned. and that bv his/her/their of which the individualis) before the undersi gned in the whose name(s) to me that he/she/they on the instrument.Loan Number 331051388 Servicing Number 002272894-3 Date: 12/29/06 UNIFORM.

LADON FOWLER -Borrower -Borro« CI SHU ROD BROWN -Borrower -Borrower -Borrower MULTISTA TE RALLOON RlDFR p']!:. you may be required lender willing to to repay the loan out of other assets you mav own. this lender or another lender refinances to refinance amount LOAN IS amortized balance. you will probably be charged with Interest at market rates prevailing at that time which may be considerably higher or lower than the interest associated rate paid on this loan. and all advancements made by the lender under the terms of this loan in THIRTY (30) vears from the date on which the loan this loan at the end of its term Therefore. or you may have to find another this loan at maturity. You may also have to pay some or all of the closing costs normally the new mortgage loan even if you obtain refinancing from the same lender.'" 1 or 1 LJSRI091 wp (05-19-05) . interest. (30) years from the date the loan is made principal with accrued As a result. you will be required if any. In accordance together RJDER years TIllS means that while your monthly the loan is payable in full in to repay the entire The term of the loan is 40/30 with a 40 year loan term. late charges.Loan Number 331051388 Servicmg Number 002272894-3 Date 12/29/06 BALLOON This IS a BALLOON payment THIRTY rernanung IS made The lender has no obligation refinance Assuming the loan.

tillS rounded amount will MUL-nSTATI\ P"g~ t .Loan Number 331051388 . the Note Holder II ill calculate rnv new mtcrcst rare by adding inforrnnnon II' the Index upon SIX percentage poinus) ( 6. NY 11233-1009 TI-m NOTE CONTAINS PI~OVJSI()NSALLOWTNG FOR CHANGES IN THE INTEREST RATE AND THE MONTlIl.Single Family lISRI0021 (02. 2006 and is incorporated Into and shall be deemed to amend and supplement the Mortgage. for an initial In the interest Interest rule of rate ..23. a California Corporation (the" Lender") (.md the monihlv 7. BROOKLYN.mOR INDEX . In addition to the covenants and agreements Borrower and Lender further covenant and agree as follows made in the Security The Note provides Note provides for changes 4. Instrument.ncc (C) Calculation of Changes Before each Change 1")'IIc. as published in The Watt Street Journal. Deed of Trust or Securirv Deed (the" Security lnstrumern") of the same date given ltv the undersigned (the" Borrower") to secure Borrower's Adjustable Rille Note: (the" Note") to Option One Mortgage Corporation. ) Subject to the hrnn s stated in .ectJ()!l 4(D) below.99) .'-.. The most recent Index figure available as of the first business day of the month immediatclv preceding the month III which Ihe Change Date occurs is called the "Current Index " comparable IS no longer nvailnble the Note Holder will choose ~I new index that IS based The Note Holder \VJiI [211'C me nonce 01' thl~ ch.000% ) to the Current Index The Note Holder \1111 then round the result llf this addinon to the next higher one-eighth of one percentage point (0 I 25')/i.1':1 ADnJSTATlLE RATE RIDER-l.250% payments [IS follows The INTEREST RATE AND MONTHLY PAYMENT CHANGES (A) Change Dates The interest rate I will pnv m av change on the first d[IY or February 01 2009 and on that day every sixth month thereafter Each date on which mv Interest rate could change is called a "Change Date " (8) The Index Beginning wuh the l'lrst Change Dale.Rate Caps) TJ-IlS ADJUSTABLE RATE RIDER IS made December 29.'iel\lClng Number 002272894-3 Date 12/29/06 ADJUSTABLE RATE RIDER (LIBOR Index .C the same dare and covering the propertv described III the Security Instrument and located at 381 MACON ST. Y PA YMENT nrr~NOTr~ LIMITS THE AMOUNT THE RORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWFR MUST I' A Y. ADDITIONAL COVENANTS. mv Interest rate will he based on an Index. The "Index" is the average of interbank offered rates for six-month U S dollar-denominated deposits III the London market ("LIBOR").

require immediate pnvment In full of oil sumssecured hI' thiS Secuntv Instrument However.' 0022'72894 -3 Date 12/29/06 be mv new miercst rate until the next Change Date .) be submitted III l.Instrument I~ amended to read as follows Transfer of the Property or a Beneficial Interest in Borrower. than 13.I nl'\\' Ill:1I1 wert: helng made 10 the transferee.ende-r may JIlvok~ anv remedies permitted by this Secumv Instrument without further 1l1)IIC<: or demand 011 Borrower M1JLTISTA11': ADJl. If :111or any part of the Property or any interest in it IS sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not 0 nntural person) Without Lender's prior written consent. l.000'1. The notice shall provide a pcrrod of not less than 10 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured bv this Security Instrument.JSTARLE l'agc2o!"3 RATE RIDER-UBOR INDEX-Single Family USRI0022 (02·23·99) . this option shall not be exercised bv Lender It' exercise IS prohibued hI' Icdcrul 1:111' :h nl' the dale or this Secllrlty lnstrurnent Lender also shall not c\erCISC lills opuon II' (:1) illllT(l\\'cr ":IIN> I.I notice of anv changes In illY mterest rate and the amount oirnv monthlv pavment before the el'l'cctive date of .0009.SCI \ll~llli< N limbe. (E) Effective Date of Changes My new mteresi rate will become efi'ectlvl: on each Change j). If Borrower fails to pav these sums prior to the expirauon ul' this period.IIlV change The notice Will include information required hv law 10 he given me and abo the tille and telephone number of [I person who \VIII answer anv question 1 may have regarding the notice Covenant TRANSFER OF THE PROPr~I<TY OR A BENEFICIAL INTEREST IN BORROWER 17 or the Security.IS I f .Jlc 1 Will pay the amount of my new monthly payment beginrung on the l'lrsl monrhlv puvrnent date after the Change Date until the amount of my rnonthlv payment changes agarn (F) Notice of Changes The Note Holder will deliver or mail tome . 1). acceptable to Lender and thai obligates the transferee to keep all the promises and agreements made 111 the Note and 111 this Security Instrument Borrower \VIII conunue to be obligated under the Note and this Securitv lnsirument unless Lender rekases Borrower in \lTltlllg If Lender exercises the opuon to require immediate payment in full. Lender shall give Borrower notice or accelerauon. my interest rate will never he increased or decreased on anv single Change Date bv more than one percentage point (I 0%) from the rate of interest 1 have been pnv mg for the preceding SI\ months In no even I Will mv interest rate be greater less than 6.The Note Holder will then determine the amount of the monihlv pavrnent that would be sufficient to repay the unpaid principal that I am expected 10 owe at the Ch:lIl!!t. at its option.ender Information required bv Lender to evaluate the Intended transferee . and (h) Lender reasonably determines that Lender' ssecurnv will not he nnpnired bv the loan assurnpunn and thai the risk of a breach of' anv covenant or agreement III tillS Securllv lnstrurnent IS acceptable 10 Lender To the extent permuted bv applicahl e law.lte III i'ull on the Matunty Date at my new mterest rate In substnnuallv equal pavrncnts The result ClI' lills calculation 11'111be the new amount of my monthlv pavment (D) Limits on Interest Rate Changes The mterest rille I am required to pav at the first Change 10.250% 01 Date 11'111not be greater than Thereafter. Lender mav charge a reasonable fee as a condition to Lender's consent to the loan assumpuon Lender may also require the transferee to sign an assumption agreement that I.250% orless ihan 6. Lender mav.

_' ___L_.Jo.I110R INDEX-Single Family lISRI0023 (02-23-99) . Borrower Accept': and ngree~ to the terms and covenants contained 111 this _A_4___:\ ~::..Loan Number 331051388 12/29/06 Adjustable BY SIGNING Rale Rider RELOW.__ LADON __ FOWLER ~~~_.d) __________________ (Seal) __________________ {Seal ) SHUROD BROWN M1JL'nSTATE Pilge 3 or ~ ADJllSTARI. RAil': RmER-I.__.(Soill) __________________ (Seal) __________________ (S".

but not limited to. insurance agamst rent loss III addition to the Covenant 18 is deleted F BORROWER'S paragraph in Covenant MULTISTJ\n: P"gc I 01':1 G concerning OCCUPANCY.IIlc!IIIl!2 and auached 11()(JI' covermgx null' or hereafter attached to the Propertv.. shades. ADDITIONAL PROPERTY SlJBJECT TO THE SECURITY INSTRUMENT In addition to the Property described III the Secuntv Instrument. P. rife prevention and eXIIllg.. 2006 . sinks. (Propert v o\ddress) NY 11233-1009 1-4 FAMn. wnlng classificution. shull be deemed to he and remain a part l)t' the Propertv covered bv the . S{mORDINATE Inferior 10 the Secuntv perm: SSIon r.lcln~ Number 002. awmngs.lIld addition-..>I:tlc ilthc . dISPOS(ll.lSR 100]. RENT LOSS INSURANCE. wnshers. BROOKLYN.'iccllnlV lustrument Al l o] the l'urcl!ulIl!2 I(J~elhcr With the Property described In the Securitv lnxuumern (or the iCctSt'lwld (. all of which. made December 29. Unless lender and Borrower otherwise agree III writing. cahmet s. including. hath tubs.onn NU1l1b~1 331051388 Ser\. and shall also constitute the Property covered bv the Security Instrument: Building materials. dishwashers. a California Corporation (the "Lender") at of the same dare and covcnng the Property desert bed tn the Security Instrument and located 381 MACON ST.Y COVENANTS. permitted bv federal law. those for the purposes of supplying or distributing heating.kr and the Securux Instrument :h the "Properr. water. appliances and goods or every nature whatsoever now or hereafter located Ill. dryers. blinds.Y RIDER t. storvn doors. an ached 111IITOI"<. stoves. All remaining 1-4 FAMn. electricity. Borrower and Lender further III addition to the covenants and agreements covenant and agl ee as follows made ill the Security Instrument. ranges.tllShlllg apparatus. Borrower shall not allow any lien to hc perfected against the Property without Lcuders prior written 13 change change D. agree to or make a In the lise or the Property or it-. security and access control apparatus. Deed of Trust or Security Deed (the " Securi tv Instrument") of the same date gl ven hv the undersi gned (the" Borrower") to secure Borrower's Note to Option One Mortgage Corporation. cooling. or used. includmg replacements .'ieeUrJlI Instrument h on a leasehold) arc referred to In this 1-4 lamilv 1~I.mNS. Borrower xhall maintam other hazards for which msurance I~ required hI' Covenant 5 F "BORROWEH'S R1GHT TO REINSTATE" DELETE]). water closets. the first Borrower« occupancy of the property IS deleted.endcr has agreed III writing to the Borrower shall cornplv with [III iilll'S. storm will(\mvs. and is incorporated Into and shall be deemed to amend and supplement the Mortgage.. " USE OF PROPERTY. Borrower sh:ill not seek. plumbing. A. refrigeretors. lnsuurncnt Except [I:-. thereto.. COMJ)LJANCE WlTH LAW. all' and ltght. rcgulanons and requirements of any governmental bodv npplicable 10 the Properly C. ordmanccs..'72894-3 Dilte 12/29/06 1-4 FAMILY RIDER Assignment of Rents THIS 1-4 FAMILY RIDER J'. unless r .l. on. screens. or intended to be used m connection with the Propertv. wp (]]·19·04) . curtains and curtain rods. the following items arc added to the Property description. gas. water heaters.

after . Borrower shall aSSltUl to Lender all leases of the Property and all secuntv deposits Illude In connection with leases of the Property Upon the assignment.t:n1" are to he Pilld to Lender or Lender's agent.I' the l'ropertv shall pay the Rents tu Lender or Lender's agents However. This assignment of Rents constitutes nil absolute n'~lgnill(:nl and not an asslt!nlllent for additional security only II' Lender gives notice or It. Borrower absolutclv and unconduionallv . Upon Lender's request. li()rro\\cl~hnll receive the I\cnl'. . all Rents collected hv Lender or Lender's agents ~h811 he applied (irst to the cosh oj' taking control of and managing the Propertv and collecting the Rents. LENDER IN POSSESSION.o at .endcrs agents In collect 11ll' f~enh "nd ilinel" thai each tenant (. CROSS-DEFAVL T PROVlSION. This Assignment of Rents oj' the Property shall terminate when all the SUIM secured by the Security Instrument are paid \11 1\111 I "ASSIGNMENT OF RENTS" MODIFIED Anv Covenant Assignment of Rents 10 Lender is superseded bl' this Rider of the Security Instrument granting an J.J9-(4) . agents or a judicinllv appointed receiver.lIld Irilll. (iii) Borrower agrees tha: each tenant of the Property shall Jl8V nil Rents due and unpaid to Lender or Lender's agents upon Lender s written demand III the tenant: (iv) unless applicable law provides otherwise.I default hI' borrower under the Security Instrument and (ii ) Lender hilS given notice to the temml\s) Ih(ll ihe II. extend or terrnmate tilt: cxisnng leases and 10 execute new leases. including hut not lirrnied to.V[IIVC anv deluult or mvahdate anv other right or remedy of Lender. auornevs fees. 1-4 FAMn. (v) Lender. '. miennon to receive Rents 10 Borrower (I) [III Rents received by Borrower shill I be held bv Borrower [l~ trustee Ior the benefit of Lender only.ilhk Hurruwer authonzes Lender or I . Any application of Rents ~h. Lcnders agents or any l\ldlcl~lllv appointed receiver Sh~lll he ll<lhk to account 1'1'1' only those Rents actuallv received. in Lender's sole discretion. to be applied to the sums secured by the Security lnstrumem: (ii) Lender shall he cnutlcd to collect and receive all oj' the Rents of the Property. effect 12/29/06 and agreements 6 shall remam G ASSIGNMENT OF LEASES. 1111111 ) Lender has given Borrower (i notice or Its mtenuon to receive Rent. insurance premiums 18'\e~. As used In this paragraph I~.C. or Lender' ~ ilgents or iI rudrciallv appointed receiver . the word "lease" shall mean "sublease" if the Security Instrument IS on a leasehold II. repair and mamtenance costs. Lender. prermums on receiver' s bonds. take control oj' or mamtam the Propertv before or a!'tcr giving notice l)I' deluul: to Borrower However.ISSIt!Jl':. Borrower's default or breach Linder ilny note or agreement iil which Lender has an interest shall be a breach under the Securrtv lnstrument [lilel Lender may invoke any of the remedies pCI' III I 11 cd bv the . assessments and other charges on the Property and then 10 the sums secured hI' the Security Instrument.fcr~ II) Lender all the rents and revenues ("Rents") 01' the Propertv.. and (vi) Lender shall be cnuiled to have a receiver appointed to take possession of and manage the Property and collect the Rents and profits derived from the Property without [lIlY showing as to the Inadequacy of the Property as securi tv 11'the Rents of the Property [Ire not sufficient to cover the costs of taking control of and managing the Properly and or collecting the Rents any funds expended bv Lender for such purposes shall become indebtedness of Borrower In Lender secured bv the Security instrument pursuant to Covenant 7 Borrower represents and warrrmts that Borrower has not executed any prior assignment of the Rents and has not and will not perform anv act that would prevent Lender from exercising its fights under this l~arilgr~lJlh Lender. or Lender'. regmdle"" 01' I() whom Ihe Rellh ("1' the !)n\!'tTty <Ire j1i\\. receiver's fees. Lender shal) have the nght io modifv. ASSIGNMENT OF RENTS~ APPOINTMENT OF RECEIVER. mal' do :..Loan Number Covenants 331051388 Servicing Number set forth In Covenant 002272894-3 111 Dale.CCLlrltv In-rrumcn: M1JLllSTA1T.]18111101he required to enter upon.11 nol cure OJ \.1Il1' Lime when" default occurs.Y RillER US R J00 I wp ( 1 1.'.

OW. Borrower accepts and agrees to the terms 811d covenants contained in this 1-4 Family LADON fOWLER Borrower Borrower Borrower SHUROD BROWN Borrower Borrower Borrower MULTISTATE Page 3 of 1 1-4 FAMnJY RIDER USR 1001.Loan Number 331051388 Servicing Number 002272894-3 Date 12/29/06 BY SlGN1NG Rider BEl.19-04) . wp (I 1.

bounded and described as follows: BEGINNING at a point on the northerly side of Macon Street. THENCE Northerly parallel with Lewis Avenue and part of the distance through a party wall. piece or parcel of land. 20 feet THENCE Southerly again parallel with Lewis Avenue and part of the distance through another party wall. 100 feet. 20 feet to the point or place of BEGINNING. 100 feet to the northerly side of Macon Street. situate.Title Number: HLS-K-11329 Schedule A ALL that certain plot. . THENCE Easterly along the northerly side of Macon Street. lying and being in the Borough of Brooklyn. THENCE Westerly parallel with Macon Street. County of Kings and State of New York. distant 335 feet westerly from the corner formed by the intersection of the northerly side of Macon Street with the westerly side of Lewis Avenue.

NYC DEPARTMENT OF FINANCE OFFICE OF THE CITY REGISTER 2007021600231001002SDC8A Document ID: 2007021600231001 Document Type: AGREEMENT SUPPORTING DOCUMENT COVER Document Date: 12-29-2006 PAGE PAGE 1 OF 1 Preparation Date: 02-16-2007 SUPPORTING DOCUMENTS SUBMITTED: Page Count 1 255 MORTGAGE TAX EXEMPT AFFIDAVIT .

.r-..FN# QofJ7 {!DDD7J. CORPORATION. (.f7S9 6._) /l.341.l..eJ ll"{\_. State of New York County of Nassau 7TH FLOOR NEW YORK. The total amount of the new consolidation is $640.00 and recorded on 1119/2006 in the QUEENS COUNTY REGISTER'S OFFICE in CRFN #2006000032451.. sconSATURN Notary Public ..:-.286.{.?~ion EXDires 05/16/09 'if -"__. and that by his signature on the instrument. 212-921-4141 FAX 212-921-4848 15 WEST 44TH STREET Affidavit in Support of Claim For Exemption From Mortgage Tax The undersigned. the individual the person R n befiiiif of wh ic the indo idual acted.000.::> II V '1'1'7'")0.680. deposes and says as follows: 1. p-.. the undersigned.43 is dtie and will be paid thereon . a Notary Public in and for the State. IS c city as bank atto ey for 0 tion One Mortgage Corporation. At the purpose of this affidavit is to request that the unpaid principal balance on the prior mortgage is exempt from payment of a mortgage tax pursuant to SECTION 255 of the New York State Tax Law and the tax may be imposed only upon the amount of the new indebtedness.".658.00 was paid on said mortgage. \:>bZ I HORIZON LAND SERVICES..Q. CA 92618 and has knowledge of the facts herein. That the principal balance of said lien is $558.Z~ 7 7 On the 29th day of December in the year 2006 before me. executed the instrument. L~Makower ~. That the new indebtedness secured by hereby is $81.t~-d.~)4iI ~1 .08 and a mortgage tax of $2.. personally appeared David Makower. with 2.01SA6126681 My Qualified in Nassau County CO""~. Y"vtC"<--t-~OLlj.92 and the mortgage attached hereto and presented for recording represents a refinancing of said prior mortgage. LLC "l~. said mortgage has not been assigned.o 5.000. 7.. 4. being first duly sworn. IRVINE.. 3. That a mortgage tax of $15.(_d c2/'i?/D7 UI q2.. personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that hel executed the same .00.State of New York No. That on 12/21/2005 a certain mortgage was made by SHUROD BROWN and LAD ON FOWLER to OPTION ONE MORTGAGE CORPORATION in the amount of $560. NEW YORK 10036 TEL.. That he/she is the representative for OPTION ONE MORTGAGE offices at: 3 ADA.

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