Preview
FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013
NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023
Exhibit A
{5318969: }
FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013
NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023
WORLD SAVINGS BANK, FSB
ADJUSTABLE RATE MORTGAGE NOTE
PICK-A-PAYMENT LOAN
GDW AVERAGE DEPOSIT ACCOUNT RATE (COST OF SAVINGS) INDEX
BIWEEKLY PAYMENT
THISNOTECONTAINSPROVISIONSALLOWINGFORCHANGESIN MYINTERESTRATE, MYB1WEEKLYPAYMENT
AND MY UNPAIDPRINCIPALBALANCE.MY BlWEEKLYPAYMENTINCREASES,MY INTERESTRATE INCREASES
AND MYPRINCIPALBALANCEINCREASESARE LIMITED.THISNOTEIS SECUREDBY A SECURITYINSTRUMENT
OF THESAMEDATE.
LOANNUMBER 0139 DATE June 1,2006
BORROWER(S)GAIL S KOURBAGE, AN UNMARRIED WOMAN sometimescalled"Borrower andsometimessimply
called"I" or "me "
PROPERTYADDRESS 74 BAY AVE, HUNTINGTON, NY 11743-1208
1. BORROWER'SPROMISETO PAY
"Pnncipal,"plus
In retumfor a loanthat I havereceived,Lpromiseto pay U S $740,000.00, called interest,to the orderof
the Lender The Lenderis WORLD SAVINGS BANK, FSB, a FEDERAL SAVINGS BANK, , ITS SUCCESSORSAND/OR
ASSIGNEES,or anyoneto whomthis Noteis transferred
2. INTEREST
(A) Interest Rate
Interestwill be chargedon unpaidPnncipaluntil the full amountof Pnncipalhas beenpaid I will pay interestat the yearly
rate of 7.110% The Interestrate may changeas desenbedIn this Section2 InterestwINbe chargedon the basisof a 364-day
year, dividedinto26 segmentsof two weekseach
The Interestrate requiredby this Section2 is the rateI will pay bothbeforeand after any defaultdesenbedin Section7(B) of
this Note
(B) Interest ChangeDates
Theinterestrate I will pay may changeon the 24th day of July, 2006 and on everyother Mondaythereafter Eachdateon
Date." The new rate of interestwill becomeeffectiveon each
which my interestrate couldchangeis calledan "InterestChange
InterestChangeDate
0 0 1
SD254A
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ARM NY
Page1 LENDER'S
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0139
(C} Interest RateLimit
"
My lifetimemaximuminterestratelimitis 11.950% called"LifetimeRate Cap
(D) Index
"
Beginningwiththe first InterestChangeDate,my interestratewill be basedonan "Index The Indexis theweightedaverage
of the interestratesin effectas of the last day of eachcalendarmonthon the depositaccountsof the federallyinsureddepository
Institutionsubsidianes("Subsidianes")of GoldenWest FinancialCorporation("GDW'),as madeavailableby GDW Includedin the
depositaccountsfor purposesof the Indexcalculationareall of the itemsand adjustmentsthat GDWusesto calculatethe Imeitem
deposits"that appearsin its
currently called "cost of quarterlyand annual reportsto shareholdersas well as in other financial
reports publicly distnbuted by GDW The Index does not includedepositaccountsowned by GDWor its Subsidianesor other
affiliates The calculationof the Indexincludesadjustmentsfor the effectsof financialmstrumentsrelatedto the depositaccounts
and other adjustmentsdeterminedby GDW in its sole discretionas appropnateto accuratelyreflect the weightedaverageof
interestrateson the depositaccounts If an indexis substitutedas desenbedin Section2(F) of this Note,the altemativeindexwill
"
becomethe Index ThemostrecentIndexfigureavailableon eachInterestChangeDateis calledthe "Currentindex
(E) Calculation of Interest Rate Changes
"Margin,"to the CurrentIndex
Lenderwill calculatemy new interestrate by addmg3.550 percentagepoints, calledthe
Rate" untilthe next Interest
Subjectto the limit statedin Section2(C) above,the resultof this calculationwill be my new"Interest
ChangeDate
If Lenderfallsto utilizethe entireinterestratemoreaseto whichit is entitledunderthis Noteon any InterestChangeDateby
failingto add all or partof the allowableMarginto the CurrentIndex,then Lendermay add any suchallowableMarginto the Current
Indexon any future InterestChangeDate Lendermaynot, at a later date, carryoveror add interestto whichIt is notentitledunder
this Noteon any InterestChangeDate
(F) Alternative Index
The Lendermay choosean altemativeindexto be the Indexif the Indexis no longeravailable For purposesof this Section
"available"if
2(F), the Index is not (a) the Indexis for any reasonno longer published,or (b) the Lender,m its sole discretion,
determinesthat the Indexis calculatedIn a substantiallydifferentmanneror basedon substantiallydifferentinformationthan at the
time the Indexbecameapplicableto this Note, or (c) applicablelaws or regulationspreventthe Lenderfrom using the Indexto
calculateinterestunderthis Note The selectionof the altemativemdexshallbe at Lenderssole discreton The attemativeindex
may be a nationalor regionalindexor anothertype of indexapprovedby the Lenders primaryregulator The Lenderwill give me
noticeof the alternativeindex
3. PAYMENTS
(A) Timeand Place of Payrnents
I will pay Pnncipaland interestby makingpaymentseverytwoweeks
I will make my first biweeklypaymenton July 10, 2006 and every other Mondaythereafter 1will makethese biweekly
paymentsuntil I have paid (1)all the Principaland interest,and (11)any otherchargesdesenbedbelowthat I may owe underthis
Note,and (111)any chargesthat may be due underthe SecuntyInstrument If, on June 26, 2036, I still oweamountsunderthis
"
Note,I will paythoseamountsm full on that date,whichis calledthe "MaturityDate
I will maintama depositaccountwith Lender,or with a bankor savingsand loanwhich has beenapprovedby Lender,and
keep sufficientfunds in such deposit accountto allow Lenderto automaticallywithdraw my b1weeklypaymenton each of the
biweeklypaymentdatesstatedabove The sole purposeof the depositaccountis to ensurepaymentof the biweeklypaymentson
the due-dateof eachpaymentand I instructand chargeLenderto withdrawthe amountof each biweeklypaymentfromthe deposit
accounton eachdue datewithoutany furtherinstructionsfromme
(B) Amount of My Initial Biweekly Payments
Eachof my initial biweeklypaymentswill be in the amountof U S $ 1,481.26. This amountwill changeas desenbedin
Sections3(C) and 3(D) below My initial biweeklypaymentamountwas selected by me from a rangeof initial paymentamounts
approvedby Lenderand may notbe sufficientto pay the entireamountof interestaccruingonthe unpaidPnncipalbalance
(C) PaymentChangeDates
My biweeldypaymentwill changeas requiredby Section3(D) betowbegmmngon the 9th day of July, 2007 and every
52 weeksthereafter Eachof thesedatesis calleda "PaymentChangeDate" My biweeklypaymentwill alsochangeat any time
Section3(F) or 3(G) belowrequiresmeto pay a differentamount
I will pay the amountof my new biweeklypaymentevery other Mondaybegmningon each PaymentChangeDate and as
providedm Section3(F) or 3(G) below
SD254B 004-03-3) [B01 00443-3)] BlWEEKLYARM NY
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3139
(D) Calculation of PaymentChanges
Subjectto Section 3(F) and 3(G), on the PaymentChangeDate my biweekly payment may be changedto an amount
sufficientto pay the unpaidPnncipalbalance,includingany deferredinterestas desenbedin Section3(E) below,by the "Modified
Date." The Modified
Matunty Matunty Date is the date on which this note will be paid after accountingfor accelerationof the
paymentscheduleresultingfrom biweeklypaymentsratherthanthe monthlypaymentscheduleusedto calculatethe MatuntyDate
desenbedin Section3(A) above However,the amountby which my paymentcan be increasedwill not be morethan 7-1/2%of the
"
then existmg Pnncipaland interestpayment This 7-t/2% limitationis calledthe "PaymentCap The Lenderwill performthis
PaymentChangecalculationat least50 but not morethan90 daysbeforethe PaymentChangeDate
(E) Deferred Interest; Additions to My Unpaid Principal
Fromtime to time, my biweeklypaymentsmay be insufficientto pay the total amountof biweeklyinterestthat is due If this
Interest,"will be addedto
occurs, the amountof interestthat is not paid each payment,called "Deferred my Pnncipaland will
accrueinterestat the samerateas the Pnncipal
(F) Limit on My Unpaid Principal; Increased Biweekly Payment
"
My unpaidPnncipalbalancecan neverexceed125% of the PnncipalI onginallyborrowed,called"PnncipalealanceCap
If, as a result of the additionof DeferredInterestto my unpaidPnncipalbalance,the PnncipalBalance Cap limitationwould be
exceededon the datethat my biweeklypaymentis due, I will insteadpay a new biweeklypayment NotwithstandingSections3(C)
and 3(D) above, I will pay a new blweeklypaymentwhich is equalto an amountthat will be sufficientto repaymy then unpaid
Pnncipalbalancemfull on the MatuntyDateat the interestratethen in effect,in substantiallyequalpayments
(G) Payment Cap Limitation; Exceptions
Beginningwith the 10th PaymentChangeDateand every5th PaymentChangeDatethereafter,my biweeklypaymentwill
be calculatedas desenbedin Section3(D) aboveexceptthat the PaymentCap limitationwill not apply.Additionally,the Payment
Cap limitationwill not apply onthe final PaymentChangeDate
(H) Notice of PaymentChanges
The Lenderwill deliver or mail to me a notice of any changesin the amountof my biweekly payment,called "Payment
ChangeNotice,"beforeeachPaymentChangeDate The PaymentChangeNoticew1IIincludeinformationrequiredby law
4. FAILURETO MAKEADJUSTMENTS
If for any reason Lenderfails to make an adjustmentto the Interestrate or paymentamount as descnbedin this Note,
regardlessof any noticerequirement,I agreethat Lendermay, upondiscoveryof suchfailure,thenmakethe adjustmentsas if they
had beenmadeon time I also agreenot to hold Lenderresponsiblefor any damagesto me which may resultfromLendersfailure
to makethe adjustmentandto letthe Lender,at its option,applyany excessmonieswhichI mayhavepaidto partialprepaymentof
unpaidPnncipal
6. BORROWER'SRIGHTTO PREPAY
I have the right to make payments of Principal at any time before they are due. A payment of
Principal before it is due is called a "Prepayment". When I make a Prepayment, I will tell the
Lender in writing that i am doing so. The Lender may require that any partiaf Prepayments be
made on the date my regularly scheduled payments are due. If I make a partial Prepayment, there
will be no changes in the due dates or amount of my regularly scheduled payments unless the
Lender agrees to those changes in writing. I may pay deferred interest on this Note at any time
without charge and such payment will not be considered a "Prepayment" of Principal. During the
first 3 years of the loan term if I make one or more Prepayments that, in the aggregate, exceed
$5,000 in any calendar month, I must pay a prepayment charge equal to 2% of the amount such
Prepayments exceed $5,000 in that calendar month. After the first 3 years of the loan term, I may
make a full or partial Prepayment without paying any prepayment charge.
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6. MAXIMUMLOANCHARGES
If a lawwhichapphesto this loanandwhichsets maximumloanchargesis finally interpretedso that the interestor otherloan
chargescollectedor to be collectedin connectionwiththis loanexceedthe permittedhmits,then (1)any such loanchargeshall be
reducedby the amountnecessaryto reducethe chargeto the permittedlimit, and (ii) any sums alreadycollectedfrom me which
exceededpermittedlimitswill be refundedto me The Lendermay chooseto makethis refundby reducingthe PnncipalI oweunder
this Noteor by makinga directpaymentto me Ifa refundreducesPnncipal,the reductionwillbe treatedas a partialPrepayment
7. BORROWER'SFAILURETO PAYAS REClUIRED
(A) Late Chargesfor OverduePayments
If the Lenderhas not receivedthe full amountof any biweeldypaymentby the end of 18 calendardays after the date it is
due, I will pay a late chargeto the Lender The amountof the chargewill be 5.00 % of my overduepaymentof Pnncipaland
interest I will pay this latechargepromptlybut only onceon eachlatepayment
(B) Default
I will be in defaultif (1)I do not pay the full amountof eachbiweeklypaymentonthe dateit is due, or (ii) I fallto performany of
my promisesor agreementsunderthis Noteor the SecuntyInstrument,or (111) any statementmadem my appheationfor this loan
was matenallyfalseor misleadingor if any statementin my apphcationfor this loanwas matenallyfalseor misleadingby reasonof
my omissionof certainfacts, or (iv) I havemadeany otherstatementto Lenderin connectionwith this loanthat is matenallyfalseor
misleading
(C) Default - Changeto Monthly Payments
If 1failto havesufficientfundsin my depositaccountto makemy biweeklypaymenton the date my biweeklypaymentis due
on two occasionsin any 12 monthpenador four occasionsany time pnorto the MatuntyDateor if a gamishment,attachmentor
seizureis madeof or againstmy depositaccount,then I will be in defaultandLenderwill havea nght, but not a duty, to changemy
loan to one with paymentsdue monthlyinsteadof biweekly If the Lenderchoosesto changemy loan to one with paymentsdue
monthly,Lenderwill providemewithwnttennoticeof the changeat least30 days in advanceof the datethe first monthlypayment
is due This noticewill also specifythe amountof the monthlypaymentandthe datethe first monthlypaymentis due Insuchevent,
intereston the loanbalancefromthe last date interestwas paidto the first date of the monthprecedingthe datethe first monthly
paymentis duewill be addedto my loanbalance Theamountof the first monthlypaymentwill be determinedwithoutregardto the
7-1/2%changein amountof paymentcap set forthin Section3(D) above
I understandthat I mayvoluntanlychangethe paymentmodefrom biweeklyto monthlyat any time by givingwnttennoticeto
Lenderat least60 days in advanceof the date on whichI wish the changeto take effect If I give Lendersuch notice, Lenderwill
then provideme with wntten noticeof the amountof the monthlypaymentand the date the first monthlypaymentshall be due I
may be requiredto pay a processingfee and signa ModificationAgreementwith Lenderconvertingmy loanto a monthlypayment
loan I understandthat shouldthe paymentmade be changedfrom biweeklyto monthlyeither voluntanlyor due to an event of
defaultit will not be reversible
In the eventthat my paymentmodeis changedfrom b1weeklyto monthly,interestwill be chargedthereafteron the basisof a
12 monthyearand a 30-daymonth The InterestRateI will pay will changeonthe first monthlypaymentdateand on the sameday
Date" includedin
every monththereafter This revisedinterestchangedatewill be substitutedfor the definitionof "InterestChange
Section 2(B) above The "PaymentChange Date" as definedin Section3(C) abovewill changeto be the date the paymentis
changedfroma biweeklyto a monthlypaymentas desenbedabovein this Section7(C) andon that day every12monthsthereafter
(D) Notice of Default
If I am in default, the Lender may send me a wntten notice,called "Noticeof Default,"telkng me that if I do not pay the
overdueamountby a certaindate, the Lendermay requiremeto pay immediatelythe amountof Pancipalwhichhas notbeenpaid
andall the interestthat I oweon that amount,plusany otheramountsdue underthe SecuntyInstrument
(E) No Waiver by Lander
Evenif, at a time whenI am in default,the Lenderdoesnotrequiremeto pay Immediatelyin full or changemy loantype from
biweeklyto monthlyat that timeas desenbedabove,the Lenderwill still havethe nghtto do so if I am in defaultat a latertime
(F) Paymentof Lender's Costs and Expenses
The Lenderwill havethe nghtto be paidback by mefor all of its costsand expensesin enforcingthis Noteto the extentnot
prohibitedby apphcablelaw Thoseexpensesmayinclude,for example,reasonableattomeys'feesand courtcosts
SD254D
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0139
8. GIVINGOFNOTICES
Unlessapphcablelaw requiresa differentmethod,any notice that must be given to me under this Note will be gwen by
dehvenngit or by mailingit by firstclassmailto meor any Borrowerat 74 BAY AVE, HUNTINGTON,NY 11743-1208or at a single
altemativeaddressif I give the Lendernoticeof my altemativeaddress I may give noticeto Lenderof a changeof my addressin
wnting or by calhng Lenders customerservicetelephonenumberprovidedon my billing statement I may designateonly one
maibngaddressat a timefor notificationpurposes
Exceptas permittedabovefor changesof address,any noticethat mustbe givento the Lenderunderthis Notewill be given
by maghngit by first class mail to the Lenderat 1901 HARRISONSTREET,OAKLAND, CALIFORNIA94612, or at a different
addressif I am givena noticeof that differentaddress
9. OBLIGATIONSOF PERSONSUNDERTHISNOTE
If morethanone personsignsthis Note,eachpersonis fully and personallyobhgatedto keepall of the promisesmademthis
Note,Includingthe promiseto pay the full amountowed Any personwhotakes overtheseobhgationsis also obhgatedto keep all
of the promisesmadein this Note The Lendermay enforceits nghtsunderthis Noteagainsteachpersonindividuallyor againstall
of us together.This meansthat any oneof us may be requiredto pay all ofthe amountsowedunderthis Note
10. WAIVERS
I and any other person who has obhgationsunder thIs Note waive the nghts of presentmentand notice of dishonor
"Presentment"meansthe nghtto requirethe Lenderto demandpaymentof amountsdue."Noticeof D1shonor" meansthe nghtto
requirethe Lenderto givenoticeto otherpersonsthat amountsduehavenot beenpaid
11. SECUREDNOTE- ACCELERATION
In additionto the protectionsgivento the Lenderunderthis Note,the SecurityInstrumentdatedthe samedateas this Note
gives the Lendersecunty againstwhich it may proceedif I do not keep the promiseswhich I made in this Note That Secunty
Instrumentdesenbeshow and underwhat conditionsI may be requiredto make immediatepaymentin full of all amountsI owe
underthis Noteandmcludesthe followingParagraph25:
AGREEMENTSABOUTLENDER'SRIGHTSIF THEPROPERTYIS SOLDORTRANSFERRED
Acceleration of Payrrient of Surns Secured. Lender may, at its option, require immediatepayment in full of all Sums
Securedby this SecuntyInstrumentif all or any part of the Property,or if any nght in the Property,is sold or transferred
withoutLenderspoorwnttenpermissionLenderalso may,at its option,requireimmediatepaymentin full if Borroweris not a
naturalPersonand a beneficialinterestm Borroweris soldor transferredwithoutLenderspnorwnttenpermission However,
Lendershall not requireimmediatepaymentin full if this is prohibitedby FederalLaw in effecton the date of the Secunty
Instrument
If Lenderexercisesthe optionto requireimmediatepaymentin full, Lenderwill giveme noticeof accelerationIf I fall to pay
all SumsSecuredby this SecuntyInstrumentimmediately,Lendermay then or thereafterinvokeany remediespermittedby
this SecurityInstrumentwithoutfurthernoticeto or demandon me
Exception to Acceleration of Payment of Sums Secured. If the sale or transferof all or any part of the Property,or of a
beneficialinterestin Borrower,if Borroweris not a natural Person,is the first one to occur after the date of this Secunty
Instrument,Lenderwill not exercisethe option to acceleratepaymentin fun of all Sums Securedand the loan may be
assumedif,
(1) Lenderreceivesa completedwnttenapplicationfromtransfereeto evaluatethe creditworthmessof transfereeas
if a newloanwere beingmadeto the transfereeby Lender,
(11) Lenderapprovesthe creditworthinessofthe transfereein wnting,
(iii) transfereemakesa cashdownpaymentsufficientto meet Lendersthencurrentunderwntingstandards,
(iv) an assumptionfee, in an amountto be determmedby Lender(butnot to exceed1%of the balanceof pnncipal
and interestdue underthe SecuredNotesat the time of saleor transferof the Propertyor of the interestIn the Borrower)is
paidto Lender,and
(v) the transfereeexecutesan assumptionagreementwhich is satisfactoryto Lender,such assumptionagreement
providingfor transfereeopeninga depositaccountwith Lender,or with a bankor savingsand loanwhichhas beenapproved
by Lender,for directpaymentas providedin the securednotes
The loan may be assumedunderitsthen existmgtermsand conditionswith one exception,the LifetimeRate Capmay be
changed TheLifetimeRateCapshall be changedto an mterestratewhichis the sumof the interestrate in effecton the date
of a sale or transfer of the Propertyor beneficialinterestin Borrowerplus 5 percentagepoints, If that sum exceedsthe
LifetimeRate Capstatedin the SecuredNotes
SD254E
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0139
12. GOVERNINGLAW; SEVERABILITY
This Note shall be governed by and construed under federal law and federal rules and regulations including those
for federally chartered savings institutions, called "Federal Law." In the eventthat any of the termsor provisionsof this Note
are interpretedor construedby a courtof competentjunsdictionto be void, invalidor unenforceable,suchdecisionshall affectonly
thoseprovisionsso construedor mterpretedandshallnot affectthe remainingprovisionsof this Note
13. CLERICALERRORS
In the eventthe Lenderat any time discoversthat this Noteor the SecuntyInstrumentor any otherdocumentrelatedto this
Documents,"contains an error which was caused
loan, called collectivelythe "Loan by a clencal mistake, calculation error,
computererror, pnnting error or similar error, I agree, upon noticefrom the Lender,to reexecuteany Loan Documentsthat are
necessaryto correct any such error(s)and I also agreethat I will not holdthe Lenderresponsiblefor any damageto mewhich may
resultfrom any sucherror
14. LOST,STOLENOR MUTILATEDDOCUMENTS
If any of the LoanDocumentsare lost,stolen,mutilatedor destroyedand the Lenderdeliversto me an indemnificationin my
favor, signedby the Lender,then I will signand deliverto the Lendera LoanDocumentidenticalin formandcontentwhichwill have
the effectof the onginalfor all purposes
THIS SPACE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOLLOWS.
SD254F
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139
SIGNATURE PAGE
NOTICE TO BORROWER(S):
BY SIGNING THIS NOTE YOU AGREE TO PAY A PREPAYMENT CHARGE IN CERTAIN
CIRCUMSTANCES. PLEASE CAREFULLY READ THIS ENTlRE NOTE (INCLUDING THE
PREPAYMENT PROVISION) BEFORE YOU SIGN IT.
WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED
(PLEASE SIGN YOUR NAME EXACTLY AS IT APPEARS BELOW)
BORROWER(S):
(Seal)
GAIL S KO GE
SD254(200443-1) [W14(20044341)] Page7of 7 gy
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NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023
SUFFOLK COUNTY CLERK Received
RECORDS OF FICE
00L 18 2006
RECORDING PAGE
Jodi Linkmeyer
Type of Instrument: MORTGAGE/MMM Recorded: 06/19/2006
Number of Pages: 25 At: 03:29:24 PM
Receipt Number : 06-0059584
MORTGAGE NUMBER: CX027881 LIBER: M00021319
PAGE: 848
District: Section: Block: Lots
0400 033.00 01.00 004.000
EXAMINED AND CHARGED AS FOLLOWS
Mortgage Amount: $925 ,000.00
Received the Following Fees For Above Instrument
Exempt Exempt
Page/Filing $75.00 NO Handling $5.00 NO
COE $5.00 NO NYS SRCHG $15.00 NO
Affidavit $0.00 NO Cert.Copies $0.00 NO
RPT $30.00 NO SCTM $0.00 NO
Mort.Basic $4,625.00 NO Mort.Addl $2,745.00 NO
Mort-SplAddl $0.00 NO Mort.SplAsst $2,312.50 NO
Fees Paid $9,812.50
MORTGAGE NUMBER: CX027881
THIS PAGE IS A PART OF THE INSTRUMENT
THIS IS NOT A BILL
Judith A. Pascale
County Clerk, Suffolk County
FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013
NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023
RECORDED
Number of pages 2006 Jun 19 03:29:24 PM
Judi th A. Pascale
TOMN
CLEPK OF
SUFFOLKCOUNTY
Serial #
L M00021319
Certificate #
Prior Ctf. #
Deed / Mortgage Instrument Deed / Mortgage Tax Stamp Recording / Filing Stamps
3 FEES
Mortgage Amt.
Page / Filing Fee
I. Basic Tax
Handling 5- 1 2. Additional Tax
TP-584 Sub Total
Spec./Assit.
Notation
EA-52 17 (County) ___ Sub Total Spec /Add.
EA-5217 (State) TOT. MTG. TAX _'__
R.P.T.S.A.
Held for Appomtment
Comm. of Ed. 5. 00 ' Transfer Tax
. ___
Mansion Tax ___
Affidavit
The property covered by this mortgageis
Certified Copy 11 be improved by a one or two
NYS Surcharge 15. 00 family dwelling only.
YES or NO
Grand Total If NO, see appropriate tax clause on
page # of this mstrument.
4 Di Section 6 E Block Lot 5 Community Preservation Fund
Real Proper 0400 03300 0100 004000 Consideration Amount $
Tax Service
Agency P T S CPF Tax Due $
Verification R MMA A
154U N-06 Improved
Vacant Land _____
Satisfactionsmischarges/Releases List Property Owners Mailing Address
RECORD TD
& RETURN TO:
7 Title C mpany rm n
Co. Name
Suffolk County Recording & Endorsement Page
This page founs part of the attached ..... __.... __ made by:
(SPECIFY STRUMENT)
The prenuses herein is situated in
SUFFOLK COUNTY, NEW YORK.
O In the Township of
)h t & In the VILLAGE
or HAMLET of
BOXES 6 THRU 8 MUST BE TYPED OR PRINTED IN BLACK INK ONLY PRIOR TO REC G OR FILING.
FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013
NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023
RECORDING REQUESTED BY:
WORLD SAVINGS BANK
WHEN RECORDED MAIL TO:
WORLD SAVINGS BANK
FINAL DOCUMENTATION
CLOSING DEPARTMENT
P.O. BOX 659548
SAN ANTONIO, TX 78265-9548
9eceived
LOAN NUMBER: 139
LOAN AMOUNT: $740,000.00
RECORDER'S USE ONLY _..
ahGBCyC
MORTGAGE
THIS IS A FIRST MORTGAGE WHICH SECURES A NOTE WHICH CONTAINS PROVISIONS
ALLOWING FOR CHANGES IN MY INTEREST RATE, FREQUENCY AND AMOUNT OF
PAYMENTS AND PRINCIPAL BALANCE (INCLUDING FUTURE ADVANCES AND DEFERRED
INTEREST). AT LENDER'S OPTION THE SECURED NOTE MAY BE RENEWED OR
RENEGOTIATED. THE SECURED NOTE PROVIDES FOR BlWEEKLY PAYMENTS OF
PRINClPAL AND INTEREST.
THE MAXIMUM AGGREGATE PRINCIPAL BALANCE SECURED BY THIS MORTGAGE IS
$925,000.00 WHICH IS 125% OF THE ORIGINAL PRINCIPAL NOTE AMOUNT.
THIS MORTGAGE IS ON REAL PROPERTY PRINCIPALLY IMPROVED BY A 1 OR 2 FAMILY
DWELLING.
i. DEFINITIONS OF WORDS USED IN THIS MORTGAGE
(A) Security Instrument. This Mortgage, which is dated June , 2006 will be called the
Instrument."
"Secunty
(B) Borrower, GAIL S KOURBAGE, AN UNMARRIED WOMAN sometimes will be called
"Borrower" "I" "me."
and sometimes simply or
0 0 3
SD87TA (2005-04-1) MORTGAGE-ADJUSTABLE NY LENDER'S USE ONLY
Page 1
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NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023
139
(C) Lender. WORLD SAVINGS BANK, FSB, ITS SUCCESSORS AND/OR ASSIGNEES, will
"Lender."
be called Lender is a FEDERAL SAVINGS BANK, which is organized and exists under the
laws of the United States. Lender's address is 1901 Harrison Street, Oakland, CA 94612 .
(D) Note. The note signed by BorTower and having the same date as this Security Instrument,
"Note."
including all extensions, renewals, substitutions and modifications thereof, will be called the The
Note shows that I owe Lender the original principal amount of U S. $740,000.00 ("Note Amount"), plus
accrued and defened interest such other amounts as stated in the Note. I have promised to pay this debt
according to the terms of the Note.
(E) Property. The property that is described below in Section Ill entitled "Desenption of the
Property" "Property."
will be called the
(F) Sums Secured. The amounts described below in Section II entitled "Borrowers Transfer
Property" "
of Rights in the sometimes will be called the "Sums Secured The Sums Secured, however,
will not exceed the maximum principal balance owed on the Note as specified in the heading on page 1,
plus interest, late fees and other charges owed under said Note together with any expenses Incurred by
Lender due to Borrowers failure or default in meeting any obligations or duties Borrower owes under the
amounts"
Security Instrument, provided such expenses qualify as "incidental under the New York Tax
Regulations.
(G) Person. Any person, organization, govemmental authonty or other party will be called
"
"Person
II. BORROWER'S TRANSFER OF RIGHTS IN THE PROPERTY
I mortgage, irrevocably grant and convey the Property to Lender subject to the terms of this
Secunty Instrument. This means that, by signing this Security Instrument, I am giving Lender those rights
that are stated in this Security Instrument and also those nghts 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
(i) pay all amounts owed to Lender under the Note;
(ii) pay, with interest, any amounts that Lender spends to protect the value of the Property
and Lenders rights in the Prope
Preview
FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023 Exhibit A {5318969: } FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023 WORLD SAVINGS BANK, FSB ADJUSTABLE RATE MORTGAGE NOTE PICK-A-PAYMENT LOAN GDW AVERAGE DEPOSIT ACCOUNT RATE (COST OF SAVINGS) INDEX BIWEEKLY PAYMENT THISNOTECONTAINSPROVISIONSALLOWINGFORCHANGESIN MYINTERESTRATE, MYB1WEEKLYPAYMENT AND MY UNPAIDPRINCIPALBALANCE.MY BlWEEKLYPAYMENTINCREASES,MY INTERESTRATE INCREASES AND MYPRINCIPALBALANCEINCREASESARE LIMITED.THISNOTEIS SECUREDBY A SECURITYINSTRUMENT OF THESAMEDATE. LOANNUMBER 0139 DATE June 1,2006 BORROWER(S)GAIL S KOURBAGE, AN UNMARRIED WOMAN sometimescalled"Borrower andsometimessimply called"I" or "me " PROPERTYADDRESS 74 BAY AVE, HUNTINGTON, NY 11743-1208 1. BORROWER'SPROMISETO PAY "Pnncipal,"plus In retumfor a loanthat I havereceived,Lpromiseto pay U S $740,000.00, called interest,to the orderof the Lender The Lenderis WORLD SAVINGS BANK, FSB, a FEDERAL SAVINGS BANK, , ITS SUCCESSORSAND/OR ASSIGNEES,or anyoneto whomthis Noteis transferred 2. INTEREST (A) Interest Rate Interestwill be chargedon unpaidPnncipaluntil the full amountof Pnncipalhas beenpaid I will pay interestat the yearly rate of 7.110% The Interestrate may changeas desenbedIn this Section2 InterestwINbe chargedon the basisof a 364-day year, dividedinto26 segmentsof two weekseach The Interestrate requiredby this Section2 is the rateI will pay bothbeforeand after any defaultdesenbedin Section7(B) of this Note (B) Interest ChangeDates Theinterestrate I will pay may changeon the 24th day of July, 2006 and on everyother Mondaythereafter Eachdateon Date." The new rate of interestwill becomeeffectiveon each which my interestrate couldchangeis calledan "InterestChange InterestChangeDate 0 0 1 SD254A (2oo443-3) BiWEEKLY ARM NY Page1 LENDER'S USEONLY FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 " " RECEIVED NYSCEF: 06/06/2023 0139 (C} Interest RateLimit " My lifetimemaximuminterestratelimitis 11.950% called"LifetimeRate Cap (D) Index " Beginningwiththe first InterestChangeDate,my interestratewill be basedonan "Index The Indexis theweightedaverage of the interestratesin effectas of the last day of eachcalendarmonthon the depositaccountsof the federallyinsureddepository Institutionsubsidianes("Subsidianes")of GoldenWest FinancialCorporation("GDW'),as madeavailableby GDW Includedin the depositaccountsfor purposesof the Indexcalculationareall of the itemsand adjustmentsthat GDWusesto calculatethe Imeitem deposits"that appearsin its currently called "cost of quarterlyand annual reportsto shareholdersas well as in other financial reports publicly distnbuted by GDW The Index does not includedepositaccountsowned by GDWor its Subsidianesor other affiliates The calculationof the Indexincludesadjustmentsfor the effectsof financialmstrumentsrelatedto the depositaccounts and other adjustmentsdeterminedby GDW in its sole discretionas appropnateto accuratelyreflect the weightedaverageof interestrateson the depositaccounts If an indexis substitutedas desenbedin Section2(F) of this Note,the altemativeindexwill " becomethe Index ThemostrecentIndexfigureavailableon eachInterestChangeDateis calledthe "Currentindex (E) Calculation of Interest Rate Changes "Margin,"to the CurrentIndex Lenderwill calculatemy new interestrate by addmg3.550 percentagepoints, calledthe Rate" untilthe next Interest Subjectto the limit statedin Section2(C) above,the resultof this calculationwill be my new"Interest ChangeDate If Lenderfallsto utilizethe entireinterestratemoreaseto whichit is entitledunderthis Noteon any InterestChangeDateby failingto add all or partof the allowableMarginto the CurrentIndex,then Lendermay add any suchallowableMarginto the Current Indexon any future InterestChangeDate Lendermaynot, at a later date, carryoveror add interestto whichIt is notentitledunder this Noteon any InterestChangeDate (F) Alternative Index The Lendermay choosean altemativeindexto be the Indexif the Indexis no longeravailable For purposesof this Section "available"if 2(F), the Index is not (a) the Indexis for any reasonno longer published,or (b) the Lender,m its sole discretion, determinesthat the Indexis calculatedIn a substantiallydifferentmanneror basedon substantiallydifferentinformationthan at the time the Indexbecameapplicableto this Note, or (c) applicablelaws or regulationspreventthe Lenderfrom using the Indexto calculateinterestunderthis Note The selectionof the altemativemdexshallbe at Lenderssole discreton The attemativeindex may be a nationalor regionalindexor anothertype of indexapprovedby the Lenders primaryregulator The Lenderwill give me noticeof the alternativeindex 3. PAYMENTS (A) Timeand Place of Payrnents I will pay Pnncipaland interestby makingpaymentseverytwoweeks I will make my first biweeklypaymenton July 10, 2006 and every other Mondaythereafter 1will makethese biweekly paymentsuntil I have paid (1)all the Principaland interest,and (11)any otherchargesdesenbedbelowthat I may owe underthis Note,and (111)any chargesthat may be due underthe SecuntyInstrument If, on June 26, 2036, I still oweamountsunderthis " Note,I will paythoseamountsm full on that date,whichis calledthe "MaturityDate I will maintama depositaccountwith Lender,or with a bankor savingsand loanwhich has beenapprovedby Lender,and keep sufficientfunds in such deposit accountto allow Lenderto automaticallywithdraw my b1weeklypaymenton each of the biweeklypaymentdatesstatedabove The sole purposeof the depositaccountis to ensurepaymentof the biweeklypaymentson the due-dateof eachpaymentand I instructand chargeLenderto withdrawthe amountof each biweeklypaymentfromthe deposit accounton eachdue datewithoutany furtherinstructionsfromme (B) Amount of My Initial Biweekly Payments Eachof my initial biweeklypaymentswill be in the amountof U S $ 1,481.26. This amountwill changeas desenbedin Sections3(C) and 3(D) below My initial biweeklypaymentamountwas selected by me from a rangeof initial paymentamounts approvedby Lenderand may notbe sufficientto pay the entireamountof interestaccruingonthe unpaidPnncipalbalance (C) PaymentChangeDates My biweeldypaymentwill changeas requiredby Section3(D) betowbegmmngon the 9th day of July, 2007 and every 52 weeksthereafter Eachof thesedatesis calleda "PaymentChangeDate" My biweeklypaymentwill alsochangeat any time Section3(F) or 3(G) belowrequiresmeto pay a differentamount I will pay the amountof my new biweeklypaymentevery other Mondaybegmningon each PaymentChangeDate and as providedm Section3(F) or 3(G) below SD254B 004-03-3) [B01 00443-3)] BlWEEKLYARM NY COSI Page2 FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023 3139 (D) Calculation of PaymentChanges Subjectto Section 3(F) and 3(G), on the PaymentChangeDate my biweekly payment may be changedto an amount sufficientto pay the unpaidPnncipalbalance,includingany deferredinterestas desenbedin Section3(E) below,by the "Modified Date." The Modified Matunty Matunty Date is the date on which this note will be paid after accountingfor accelerationof the paymentscheduleresultingfrom biweeklypaymentsratherthanthe monthlypaymentscheduleusedto calculatethe MatuntyDate desenbedin Section3(A) above However,the amountby which my paymentcan be increasedwill not be morethan 7-1/2%of the " then existmg Pnncipaland interestpayment This 7-t/2% limitationis calledthe "PaymentCap The Lenderwill performthis PaymentChangecalculationat least50 but not morethan90 daysbeforethe PaymentChangeDate (E) Deferred Interest; Additions to My Unpaid Principal Fromtime to time, my biweeklypaymentsmay be insufficientto pay the total amountof biweeklyinterestthat is due If this Interest,"will be addedto occurs, the amountof interestthat is not paid each payment,called "Deferred my Pnncipaland will accrueinterestat the samerateas the Pnncipal (F) Limit on My Unpaid Principal; Increased Biweekly Payment " My unpaidPnncipalbalancecan neverexceed125% of the PnncipalI onginallyborrowed,called"PnncipalealanceCap If, as a result of the additionof DeferredInterestto my unpaidPnncipalbalance,the PnncipalBalance Cap limitationwould be exceededon the datethat my biweeklypaymentis due, I will insteadpay a new biweeklypayment NotwithstandingSections3(C) and 3(D) above, I will pay a new blweeklypaymentwhich is equalto an amountthat will be sufficientto repaymy then unpaid Pnncipalbalancemfull on the MatuntyDateat the interestratethen in effect,in substantiallyequalpayments (G) Payment Cap Limitation; Exceptions Beginningwith the 10th PaymentChangeDateand every5th PaymentChangeDatethereafter,my biweeklypaymentwill be calculatedas desenbedin Section3(D) aboveexceptthat the PaymentCap limitationwill not apply.Additionally,the Payment Cap limitationwill not apply onthe final PaymentChangeDate (H) Notice of PaymentChanges The Lenderwill deliver or mail to me a notice of any changesin the amountof my biweekly payment,called "Payment ChangeNotice,"beforeeachPaymentChangeDate The PaymentChangeNoticew1IIincludeinformationrequiredby law 4. FAILURETO MAKEADJUSTMENTS If for any reason Lenderfails to make an adjustmentto the Interestrate or paymentamount as descnbedin this Note, regardlessof any noticerequirement,I agreethat Lendermay, upondiscoveryof suchfailure,thenmakethe adjustmentsas if they had beenmadeon time I also agreenot to hold Lenderresponsiblefor any damagesto me which may resultfromLendersfailure to makethe adjustmentandto letthe Lender,at its option,applyany excessmonieswhichI mayhavepaidto partialprepaymentof unpaidPnncipal 6. BORROWER'SRIGHTTO PREPAY I have the right to make payments of Principal at any time before they are due. A payment of Principal before it is due is called a "Prepayment". When I make a Prepayment, I will tell the Lender in writing that i am doing so. The Lender may require that any partiaf Prepayments be made on the date my regularly scheduled payments are due. If I make a partial Prepayment, there will be no changes in the due dates or amount of my regularly scheduled payments unless the Lender agrees to those changes in writing. I may pay deferred interest on this Note at any time without charge and such payment will not be considered a "Prepayment" of Principal. During the first 3 years of the loan term if I make one or more Prepayments that, in the aggregate, exceed $5,000 in any calendar month, I must pay a prepayment charge equal to 2% of the amount such Prepayments exceed $5,000 in that calendar month. After the first 3 years of the loan term, I may make a full or partial Prepayment without paying any prepayment charge. SD254C (200443,3) BlWEEKLYARM NY Page3 FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023 6. MAXIMUMLOANCHARGES If a lawwhichapphesto this loanandwhichsets maximumloanchargesis finally interpretedso that the interestor otherloan chargescollectedor to be collectedin connectionwiththis loanexceedthe permittedhmits,then (1)any such loanchargeshall be reducedby the amountnecessaryto reducethe chargeto the permittedlimit, and (ii) any sums alreadycollectedfrom me which exceededpermittedlimitswill be refundedto me The Lendermay chooseto makethis refundby reducingthe PnncipalI oweunder this Noteor by makinga directpaymentto me Ifa refundreducesPnncipal,the reductionwillbe treatedas a partialPrepayment 7. BORROWER'SFAILURETO PAYAS REClUIRED (A) Late Chargesfor OverduePayments If the Lenderhas not receivedthe full amountof any biweeldypaymentby the end of 18 calendardays after the date it is due, I will pay a late chargeto the Lender The amountof the chargewill be 5.00 % of my overduepaymentof Pnncipaland interest I will pay this latechargepromptlybut only onceon eachlatepayment (B) Default I will be in defaultif (1)I do not pay the full amountof eachbiweeklypaymentonthe dateit is due, or (ii) I fallto performany of my promisesor agreementsunderthis Noteor the SecuntyInstrument,or (111) any statementmadem my appheationfor this loan was matenallyfalseor misleadingor if any statementin my apphcationfor this loanwas matenallyfalseor misleadingby reasonof my omissionof certainfacts, or (iv) I havemadeany otherstatementto Lenderin connectionwith this loanthat is matenallyfalseor misleading (C) Default - Changeto Monthly Payments If 1failto havesufficientfundsin my depositaccountto makemy biweeklypaymenton the date my biweeklypaymentis due on two occasionsin any 12 monthpenador four occasionsany time pnorto the MatuntyDateor if a gamishment,attachmentor seizureis madeof or againstmy depositaccount,then I will be in defaultandLenderwill havea nght, but not a duty, to changemy loan to one with paymentsdue monthlyinsteadof biweekly If the Lenderchoosesto changemy loan to one with paymentsdue monthly,Lenderwill providemewithwnttennoticeof the changeat least30 days in advanceof the datethe first monthlypayment is due This noticewill also specifythe amountof the monthlypaymentandthe datethe first monthlypaymentis due Insuchevent, intereston the loanbalancefromthe last date interestwas paidto the first date of the monthprecedingthe datethe first monthly paymentis duewill be addedto my loanbalance Theamountof the first monthlypaymentwill be determinedwithoutregardto the 7-1/2%changein amountof paymentcap set forthin Section3(D) above I understandthat I mayvoluntanlychangethe paymentmodefrom biweeklyto monthlyat any time by givingwnttennoticeto Lenderat least60 days in advanceof the date on whichI wish the changeto take effect If I give Lendersuch notice, Lenderwill then provideme with wntten noticeof the amountof the monthlypaymentand the date the first monthlypaymentshall be due I may be requiredto pay a processingfee and signa ModificationAgreementwith Lenderconvertingmy loanto a monthlypayment loan I understandthat shouldthe paymentmade be changedfrom biweeklyto monthlyeither voluntanlyor due to an event of defaultit will not be reversible In the eventthat my paymentmodeis changedfrom b1weeklyto monthly,interestwill be chargedthereafteron the basisof a 12 monthyearand a 30-daymonth The InterestRateI will pay will changeonthe first monthlypaymentdateand on the sameday Date" includedin every monththereafter This revisedinterestchangedatewill be substitutedfor the definitionof "InterestChange Section 2(B) above The "PaymentChange Date" as definedin Section3(C) abovewill changeto be the date the paymentis changedfroma biweeklyto a monthlypaymentas desenbedabovein this Section7(C) andon that day every12monthsthereafter (D) Notice of Default If I am in default, the Lender may send me a wntten notice,called "Noticeof Default,"telkng me that if I do not pay the overdueamountby a certaindate, the Lendermay requiremeto pay immediatelythe amountof Pancipalwhichhas notbeenpaid andall the interestthat I oweon that amount,plusany otheramountsdue underthe SecuntyInstrument (E) No Waiver by Lander Evenif, at a time whenI am in default,the Lenderdoesnotrequiremeto pay Immediatelyin full or changemy loantype from biweeklyto monthlyat that timeas desenbedabove,the Lenderwill still havethe nghtto do so if I am in defaultat a latertime (F) Paymentof Lender's Costs and Expenses The Lenderwill havethe nghtto be paidback by mefor all of its costsand expensesin enforcingthis Noteto the extentnot prohibitedby apphcablelaw Thoseexpensesmayinclude,for example,reasonableattomeys'feesand courtcosts SD254D (200443-3) BIWEEKLYARM NY Page4 FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023 0139 8. GIVINGOFNOTICES Unlessapphcablelaw requiresa differentmethod,any notice that must be given to me under this Note will be gwen by dehvenngit or by mailingit by firstclassmailto meor any Borrowerat 74 BAY AVE, HUNTINGTON,NY 11743-1208or at a single altemativeaddressif I give the Lendernoticeof my altemativeaddress I may give noticeto Lenderof a changeof my addressin wnting or by calhng Lenders customerservicetelephonenumberprovidedon my billing statement I may designateonly one maibngaddressat a timefor notificationpurposes Exceptas permittedabovefor changesof address,any noticethat mustbe givento the Lenderunderthis Notewill be given by maghngit by first class mail to the Lenderat 1901 HARRISONSTREET,OAKLAND, CALIFORNIA94612, or at a different addressif I am givena noticeof that differentaddress 9. OBLIGATIONSOF PERSONSUNDERTHISNOTE If morethanone personsignsthis Note,eachpersonis fully and personallyobhgatedto keepall of the promisesmademthis Note,Includingthe promiseto pay the full amountowed Any personwhotakes overtheseobhgationsis also obhgatedto keep all of the promisesmadein this Note The Lendermay enforceits nghtsunderthis Noteagainsteachpersonindividuallyor againstall of us together.This meansthat any oneof us may be requiredto pay all ofthe amountsowedunderthis Note 10. WAIVERS I and any other person who has obhgationsunder thIs Note waive the nghts of presentmentand notice of dishonor "Presentment"meansthe nghtto requirethe Lenderto demandpaymentof amountsdue."Noticeof D1shonor" meansthe nghtto requirethe Lenderto givenoticeto otherpersonsthat amountsduehavenot beenpaid 11. SECUREDNOTE- ACCELERATION In additionto the protectionsgivento the Lenderunderthis Note,the SecurityInstrumentdatedthe samedateas this Note gives the Lendersecunty againstwhich it may proceedif I do not keep the promiseswhich I made in this Note That Secunty Instrumentdesenbeshow and underwhat conditionsI may be requiredto make immediatepaymentin full of all amountsI owe underthis Noteandmcludesthe followingParagraph25: AGREEMENTSABOUTLENDER'SRIGHTSIF THEPROPERTYIS SOLDORTRANSFERRED Acceleration of Payrrient of Surns Secured. Lender may, at its option, require immediatepayment in full of all Sums Securedby this SecuntyInstrumentif all or any part of the Property,or if any nght in the Property,is sold or transferred withoutLenderspoorwnttenpermissionLenderalso may,at its option,requireimmediatepaymentin full if Borroweris not a naturalPersonand a beneficialinterestm Borroweris soldor transferredwithoutLenderspnorwnttenpermission However, Lendershall not requireimmediatepaymentin full if this is prohibitedby FederalLaw in effecton the date of the Secunty Instrument If Lenderexercisesthe optionto requireimmediatepaymentin full, Lenderwill giveme noticeof accelerationIf I fall to pay all SumsSecuredby this SecuntyInstrumentimmediately,Lendermay then or thereafterinvokeany remediespermittedby this SecurityInstrumentwithoutfurthernoticeto or demandon me Exception to Acceleration of Payment of Sums Secured. If the sale or transferof all or any part of the Property,or of a beneficialinterestin Borrower,if Borroweris not a natural Person,is the first one to occur after the date of this Secunty Instrument,Lenderwill not exercisethe option to acceleratepaymentin fun of all Sums Securedand the loan may be assumedif, (1) Lenderreceivesa completedwnttenapplicationfromtransfereeto evaluatethe creditworthmessof transfereeas if a newloanwere beingmadeto the transfereeby Lender, (11) Lenderapprovesthe creditworthinessofthe transfereein wnting, (iii) transfereemakesa cashdownpaymentsufficientto meet Lendersthencurrentunderwntingstandards, (iv) an assumptionfee, in an amountto be determmedby Lender(butnot to exceed1%of the balanceof pnncipal and interestdue underthe SecuredNotesat the time of saleor transferof the Propertyor of the interestIn the Borrower)is paidto Lender,and (v) the transfereeexecutesan assumptionagreementwhich is satisfactoryto Lender,such assumptionagreement providingfor transfereeopeninga depositaccountwith Lender,or with a bankor savingsand loanwhichhas beenapproved by Lender,for directpaymentas providedin the securednotes The loan may be assumedunderitsthen existmgtermsand conditionswith one exception,the LifetimeRate Capmay be changed TheLifetimeRateCapshall be changedto an mterestratewhichis the sumof the interestrate in effecton the date of a sale or transfer of the Propertyor beneficialinterestin Borrowerplus 5 percentagepoints, If that sum exceedsthe LifetimeRate Capstatedin the SecuredNotes SD254E (2004-03-3) BlWEEKLYARM NY Page5 FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 " " RECEIVED NYSCEF: 06/06/2023 0139 12. GOVERNINGLAW; SEVERABILITY This Note shall be governed by and construed under federal law and federal rules and regulations including those for federally chartered savings institutions, called "Federal Law." In the eventthat any of the termsor provisionsof this Note are interpretedor construedby a courtof competentjunsdictionto be void, invalidor unenforceable,suchdecisionshall affectonly thoseprovisionsso construedor mterpretedandshallnot affectthe remainingprovisionsof this Note 13. CLERICALERRORS In the eventthe Lenderat any time discoversthat this Noteor the SecuntyInstrumentor any otherdocumentrelatedto this Documents,"contains an error which was caused loan, called collectivelythe "Loan by a clencal mistake, calculation error, computererror, pnnting error or similar error, I agree, upon noticefrom the Lender,to reexecuteany Loan Documentsthat are necessaryto correct any such error(s)and I also agreethat I will not holdthe Lenderresponsiblefor any damageto mewhich may resultfrom any sucherror 14. LOST,STOLENOR MUTILATEDDOCUMENTS If any of the LoanDocumentsare lost,stolen,mutilatedor destroyedand the Lenderdeliversto me an indemnificationin my favor, signedby the Lender,then I will signand deliverto the Lendera LoanDocumentidenticalin formandcontentwhichwill have the effectof the onginalfor all purposes THIS SPACE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOLLOWS. SD254F (2004-o3-3) B1WEEKLY ARM NY Page6 FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 " " RECEIVED NYSCEF: 06/06/2023 139 SIGNATURE PAGE NOTICE TO BORROWER(S): BY SIGNING THIS NOTE YOU AGREE TO PAY A PREPAYMENT CHARGE IN CERTAIN CIRCUMSTANCES. PLEASE CAREFULLY READ THIS ENTlRE NOTE (INCLUDING THE PREPAYMENT PROVISION) BEFORE YOU SIGN IT. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED (PLEASE SIGN YOUR NAME EXACTLY AS IT APPEARS BELOW) BORROWER(S): (Seal) GAIL S KO GE SD254(200443-1) [W14(20044341)] Page7of 7 gy FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023 SUFFOLK COUNTY CLERK Received RECORDS OF FICE 00L 18 2006 RECORDING PAGE Jodi Linkmeyer Type of Instrument: MORTGAGE/MMM Recorded: 06/19/2006 Number of Pages: 25 At: 03:29:24 PM Receipt Number : 06-0059584 MORTGAGE NUMBER: CX027881 LIBER: M00021319 PAGE: 848 District: Section: Block: Lots 0400 033.00 01.00 004.000 EXAMINED AND CHARGED AS FOLLOWS Mortgage Amount: $925 ,000.00 Received the Following Fees For Above Instrument Exempt Exempt Page/Filing $75.00 NO Handling $5.00 NO COE $5.00 NO NYS SRCHG $15.00 NO Affidavit $0.00 NO Cert.Copies $0.00 NO RPT $30.00 NO SCTM $0.00 NO Mort.Basic $4,625.00 NO Mort.Addl $2,745.00 NO Mort-SplAddl $0.00 NO Mort.SplAsst $2,312.50 NO Fees Paid $9,812.50 MORTGAGE NUMBER: CX027881 THIS PAGE IS A PART OF THE INSTRUMENT THIS IS NOT A BILL Judith A. Pascale County Clerk, Suffolk County FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023 RECORDED Number of pages 2006 Jun 19 03:29:24 PM Judi th A. Pascale TOMN CLEPK OF SUFFOLKCOUNTY Serial # L M00021319 Certificate # Prior Ctf. # Deed / Mortgage Instrument Deed / Mortgage Tax Stamp Recording / Filing Stamps 3 FEES Mortgage Amt. Page / Filing Fee I. Basic Tax Handling 5- 1 2. Additional Tax TP-584 Sub Total Spec./Assit. Notation EA-52 17 (County) ___ Sub Total Spec /Add. EA-5217 (State) TOT. MTG. TAX _'__ R.P.T.S.A. Held for Appomtment Comm. of Ed. 5. 00 ' Transfer Tax . ___ Mansion Tax ___ Affidavit The property covered by this mortgageis Certified Copy 11 be improved by a one or two NYS Surcharge 15. 00 family dwelling only. YES or NO Grand Total If NO, see appropriate tax clause on page # of this mstrument. 4 Di Section 6 E Block Lot 5 Community Preservation Fund Real Proper 0400 03300 0100 004000 Consideration Amount $ Tax Service Agency P T S CPF Tax Due $ Verification R MMA A 154U N-06 Improved Vacant Land _____ Satisfactionsmischarges/Releases List Property Owners Mailing Address RECORD TD & RETURN TO: 7 Title C mpany rm n Co. Name Suffolk County Recording & Endorsement Page This page founs part of the attached ..... __.... __ made by: (SPECIFY STRUMENT) The prenuses herein is situated in SUFFOLK COUNTY, NEW YORK. O In the Township of )h t & In the VILLAGE or HAMLET of BOXES 6 THRU 8 MUST BE TYPED OR PRINTED IN BLACK INK ONLY PRIOR TO REC G OR FILING. FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023 RECORDING REQUESTED BY: WORLD SAVINGS BANK WHEN RECORDED MAIL TO: WORLD SAVINGS BANK FINAL DOCUMENTATION CLOSING DEPARTMENT P.O. BOX 659548 SAN ANTONIO, TX 78265-9548 9eceived LOAN NUMBER: 139 LOAN AMOUNT: $740,000.00 RECORDER'S USE ONLY _.. ahGBCyC MORTGAGE THIS IS A FIRST MORTGAGE WHICH SECURES A NOTE WHICH CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE, FREQUENCY AND AMOUNT OF PAYMENTS AND PRINCIPAL BALANCE (INCLUDING FUTURE ADVANCES AND DEFERRED INTEREST). AT LENDER'S OPTION THE SECURED NOTE MAY BE RENEWED OR RENEGOTIATED. THE SECURED NOTE PROVIDES FOR BlWEEKLY PAYMENTS OF PRINClPAL AND INTEREST. THE MAXIMUM AGGREGATE PRINCIPAL BALANCE SECURED BY THIS MORTGAGE IS $925,000.00 WHICH IS 125% OF THE ORIGINAL PRINCIPAL NOTE AMOUNT. THIS MORTGAGE IS ON REAL PROPERTY PRINCIPALLY IMPROVED BY A 1 OR 2 FAMILY DWELLING. i. DEFINITIONS OF WORDS USED IN THIS MORTGAGE (A) Security Instrument. This Mortgage, which is dated June , 2006 will be called the Instrument." "Secunty (B) Borrower, GAIL S KOURBAGE, AN UNMARRIED WOMAN sometimes will be called "Borrower" "I" "me." and sometimes simply or 0 0 3 SD87TA (2005-04-1) MORTGAGE-ADJUSTABLE NY LENDER'S USE ONLY Page 1 FILED: SUFFOLK COUNTY CLERK 06/06/2023 12:47 PM INDEX NO. 032512/2013 NYSCEF DOC. NO. 66 RECEIVED NYSCEF: 06/06/2023 139 (C) Lender. WORLD SAVINGS BANK, FSB, ITS SUCCESSORS AND/OR ASSIGNEES, will "Lender." be called Lender is a FEDERAL SAVINGS BANK, which is organized and exists under the laws of the United States. Lender's address is 1901 Harrison Street, Oakland, CA 94612 . (D) Note. The note signed by BorTower and having the same date as this Security Instrument, "Note." including all extensions, renewals, substitutions and modifications thereof, will be called the The Note shows that I owe Lender the original principal amount of U S. $740,000.00 ("Note Amount"), plus accrued and defened interest such other amounts as stated in the Note. I have promised to pay this debt according to the terms of the Note. (E) Property. The property that is described below in Section Ill entitled "Desenption of the Property" "Property." will be called the (F) Sums Secured. The amounts described below in Section II entitled "Borrowers Transfer Property" " of Rights in the sometimes will be called the "Sums Secured The Sums Secured, however, will not exceed the maximum principal balance owed on the Note as specified in the heading on page 1, plus interest, late fees and other charges owed under said Note together with any expenses Incurred by Lender due to Borrowers failure or default in meeting any obligations or duties Borrower owes under the amounts" Security Instrument, provided such expenses qualify as "incidental under the New York Tax Regulations. (G) Person. Any person, organization, govemmental authonty or other party will be called " "Person II. BORROWER'S TRANSFER OF RIGHTS IN THE PROPERTY I mortgage, irrevocably grant and convey the Property to Lender subject to the terms of this Secunty Instrument. This means that, by signing this Security Instrument, I am giving Lender those rights that are stated in this Security Instrument and also those nghts 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 (i) pay all amounts owed to Lender under the Note; (ii) pay, with interest, any amounts that Lender spends to protect the value of the Property and Lenders rights in the Prope