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NOTE FHA Cu. No. • -,

I
I

May 10. 2004

[Dale]

1167 GRENADA PLACE. BRONX. NY 10466 ../

[Propert;y Addresl]

I. PARTIES
"Borrower" means each persoo signing at the end of this Note. and the perIOn's succesaors and IISsigm. -Lender- means
LEND AMERICA
and its .........". and ...Igns.
2. BORROWER'S PROMISE TO PAY; INTEIIEST
In return for .toan received from. Lender, Borrower promises to pay the principal sum of
Three Hundred Seventy Four Thousand Thirty Seven and no/100
Dollars (U.s. $ 374,037.00./ ). plu. intcn:st. to the 0Jder of Lender. Interest wHl be charged on unpaid principal,
from the date of disbursement of the 10ao proceeds by Lender, at the rate of Six
pen:ent ( 6. 0000 ~. ") per year unhl the full amount of principal .... been pald.
3. PROMISE TO PAY SECURED
Borrower', promise to pay is secured by a mortpge, deed of tms1 or similar security inltnnnent that is dated the same dille
IS this Note and called the "Security IDstmment." The Security InllnJmellt proteCI8 the Lender from 10.... which might ....11 if
Borrower defaults IDld... thll Note.
4. MANNER OF PAYMENT
(A) 11me
Bomnver lIIail make • payment of principal and iDterest to Lender on the first day of each month beginning on
Ju J.y 1 ,2004. Any principal and int..... tomaining on the lilllt day of June 1
2034 ./,wiD be due on tbst dote, which II called the "Maturity Date."
(B) Plaee
Payment shall be made at 201 OLD COUNTRY ROAD. MELVILLE. NY 11747 oi
or at such place as Lender may designate in writing
by notice to Borrower.
(C) Amount
Bach monthly payment of principal and interest will be in thelllllOU1tl of U.S. $ 2. 242.54;' . This amount
will be pan of • larger monthly ~ ""IuiMd by the Seourity 1n'lnJment, tbst shall be applied to principal. interest and
other items in the order described in the Security Inlllnllnent.
(D) ADo..,
to this Note for _ _I 8e11-"
If an allonge providin& for payment adjustments ia executed by Borrower together with this Note. the covenants of
the allonge shall be incorporated. into and shalllllDCDd and supplement the c:oveoaots of thia Note as if the allonge were a pan of
Ihia Note. [Check applicable box]

DGraduated PaytneDI Allonge DGrowing Equity AllonS" DOth..- [specify)

5. BORROWER'S RIGHT TO PREPAY
Bonowcr bas the right to pay the debt cvideDccd by thil Note. in whole or in part. without cIwze or penalty. on dtb fim
day of IDlY mcmth. Lender shall accept prepsymcnt on other days provided. that Borrower pays interelrt on the amount prepaid for
the remaindu of the month to ebe exteDI: required by Lender and pemUlted by regulatioos of the Secretary. IT Borrower makes a
partial prepayment. there wiD be no changes in the due date or In the amount of the monchly paymeot. unless Lender agrees in
writing to those c:I!ang...
FHA. Ml1IdaIe Fbed.lWe NDie - 10m
, . . . -1R 102:101
..... VMPMORTGAGE"f'OfWIS-1t00I1521-7291 I. _ I~
p... 1 ell 2 MW lew! Il'itials: l:..I!ll....J.. ,.,...,.
·". -.
6. BORROWER'S FAILURE TO 1".4.Y
(i\) Late CIuIriIe r... Overdue I'IqmeDts
• If LeudcI" hu DOl ""';YCd !be ruB lDODIhly payment t<qUin:d by Ihe _ t y Inatntmcat, u deacrlbod In Pananpb
"'(C) of thl. Note, by Ihc end of nftocn CIIlendar day. after !he paymell1 .. due, Leader "'"y coIleoI • late " " - In the .........
of Four percent ( 4.0000 ")oftheoven\uelDlOuntofcodlpaymeut.
(8) norault
If Borrower defauI.. by falling 10 pay in ruB any mootItly payment, then Lender may, except II limited by regulations
of the Seerewy In !be COR of paymeot defaults, n:quire _ _ _ in full of the prindpal balance mnainiu& due and
all tlCCTUed inteIeat. Leode< may _ DOl to ....ate thill option wltbout walYing lis rigbts In !be evatt of my .ubseq....
defatt. In many circumstances regulatiOD' issued by the Seerewy will Hmlt LauIer'I rightJ to require immedi81e payment in

_In
full in the caoe of paymeII1 defauha. 'Ilti> Note _ _ _ _ ion ",ben DOl permitted by HUD regu!aliON. AI UICd
in litis Note, "Sccn:wy" mems the Sccn:wy of HOU8In& aud UrbIm Devdopmat! or bl. or her deaignee.
(C) ~ orCGoU and ~
If x-Iet hu n:quired immediate /'un ... clelK:nOed above, Leader may require Borrower to pay costs ond
..pens.. iDcluding ....."..ble and CUIlOttW'y anoruey.' feel for _n:ing this Note 10 the exteu! DO' probiblled by applicable
law. Such fees 8Dd COIla shall bear iDterat from the dale of disbunemeot at the woe rate u the principal of thll Note.

7,W.4.IVERS
Borrow<t ond any otber perIllO wbo hu obllgalionl under tItiI Note waive !he rigb.. of preoentment ond _Ice of
dishonor. "PreUlltmelll"' meaDS tbe right to require l..eDder to dcmaDd p8YmeD1 of amounts due. -Notice of dieboDor"' meaI'lI the
rip.t 10 require Lea.der to give notice to other pcnollS that amounts due bye not been paid.

8. GIVING OF NODCES
UDI_ applicable law requireI a difl'eleul method, any nuti.. that IIIIISt be given to Burrower under thl. Note wlll be IPveu
by ddiverinJ I. or by maning it by 11m clUl mall to Burrower .. !be property _ above or at • dHfm:nt add_ if
Borrower has glveo. Leoder a uorice of Borrower', different addreBII.
My OOlite !hot _ be sly... to Lcoder under tItiI Note .,.,1 be Jiven by lira. c:Iua mail '0 Lender al!be add......_ in
Paragraph 4(8) or at • difl'ereot addrnI if Borrower il Jiven a DOtice of 1h1l differeot addrea.

'0 OBLIG.4.TlONS 01' PERSONS UNDER THIS NOl'E

If more than one perIllO .1"", 1Iti. Note, each perauD i. I'uIly and peroonally obli._ to k<ep all of tho pmmI_ . . - in
thI. Note. lDcllldiDg the promilO to pay the fulllDDOUlll owed. Any penon who iI a paraIltor, surety or e:Ddorser of this Note II
a100 obllpteclto do tbeIC _p. IuIy penou wbo _ over tbeIC oblipllonl. iItcIudiDc !be obHgadonI of. parIIIIOr. IU",,>"
or eudoner of this Note, Is a100 obilpted 10 k<ep all of !be promises . . - In this Note. Leode< 1tIIty eOIforcc Its rigbls under tItiI
Note asaiD" each perann indiYidually or op\nII allsipa_ togctbcr. My 0'" pmon signing thl. Note may be IOqUin:d to
pay all of the amount. owed under Chi, Nose.

dlGNING BELOW. Burrower ~ ..d _ t o thelClTlll and : ..._& oont~ lu this Note.

~ 192 ~~J~~~:.~.'fr::t:C....
TrtO. M:~: &Y
(Seal) t " ' -_ _ _ _ _ (SeaI)

.s- LYDIA MI ~-
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__________________________ (SeaI) ____________________________ (SeaI)
~Borrower ·80..-

PADI TOTllROJtIIDlOJ"
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(Seal)

C\-1R I02 1Cf

VIC" PRE8IDDIT
 LOAN #

Multistate
NOTE
~L-____________________~==========~
May 10. 2004
[Date]

1167 GRENADA PLACE.BRONX.NY 10466

[Property Address]

1.PARTms
"Borrower" means each person signing at the end of this Note, and the person's successors and assigns. "Lender" means
LEND AMERICA
and its successors and assigns.
2. BORROWER'S PROMISE TO PAY; INTEREST
In return for a loan received from Lender, Borrower promises to pay the principal sum of
Three Hundred Seventy Four Thousand Thirty Seven and no/IOO
Dollars (U.S. $ 374.037.00 ), plus interest, to the order of Lender. Interest will be charged on unpaid principal,
from the date of disbursement of the loan proceeds by Lender, at the rate of Six
percent ( 6. 0000 %) per year until the full amount of principal has been paid.
3.. PROMISE TO PAY SECURED
Borrower's promise to pay is secured by a mortgage, deed of trust or similar security -instrument that is dated the same date
as this Note and called the "Security Instrument." The Security Instrument protects the Lender from losses which might result if
Borrower defaults under this Note.
4. MANNER OF PAYMENT
(A) Time
Borrower shall make a payment of principal and interest to Lender on the fIrst day of each month beginning on
July 1 , 2004 . Any principal and interest remaining on the fIrst day of June 1
2034 , will be due. on that date, which is called the "Maturity Date. "
(B) Place
Payment shall be made at 201 OLD COUNTRY ROAD. MELVILLE. NY 11747
or at such place as Lender may designate in writing
by notice to Borrower.
(C) Amount
Each monthly payment of principal and interest will be in the amount of U.S. $ 2.242.54 . This amount
will be part of a larger monthly payment required by the Security Instrument, that shall be applied to principal, interest and
other items in the order described in the Security Instrument.
(I) Allonge to this Note for payment adjlJStments
If an allonge providing for payment adjustments is executed by Borrower together with this Note, the covenants of
the allonge shall be incorporated into and shall amend and supplement the covenants of this Note as if the allonge were a part of
this Note. [Check applicable box]

DGraduated Payment Allonge DGrowing Equity Allonge DOther [specify]

5. BORROWER'S RIGHT 1'0 PREPAY
Borrower has the right to pay the debt evidenced by this Note. in whole or in part. without charge or penalty. on the fIrst
day of any month. Lender shall accept prepayment on other days provided that Borrower pays interest on the amount prepaid for
the remainder of the month to the extent required by Lender and pennitted by regulations of the Secretary. If Borrower makes a
partial prepayment. there will be no changes in the due date or in the amount of the monthly payment unless Lender agrees in
writing to those changes.
J'II!!!II':\ FHA Multistate Fixed Rate Note - 10/95
~ ·1R 10210)
® VMP MORTGAGE fORMS" 1800]521·7291 il ( __
Page 1 of 2 MW 10102 Initial:>: j"M Cr-- 11111I1111111111111
 6. BORROWER'S FAILURE TO PAY
(A) Late Charge for Overdue Payments
If Lender bas not received the full monthly payment required by the Security Instrument. as described in Paragrapb
·4(C) of this Note, by the end of fifteen calendar days after the payment is due. Lender may collect a late charge in the amount
of Four percent ( 4. 0000 %) of the overdue amount of each payment.
(B) Defatdt
If Borrower defutdts by failing to pay in full any mmthly payment, then Lender may. except as limited by regulations
of the Secretary in the case of payment defaults, require inunediate payment in full of the principal balance remaining due and
all accrued interest. Lender may choose not to exercise this option without waiving its rights in the event of any subsequent
default. In many circumstances regulations issued by the Secretary will limit Lender's rights to require inunediate payment in
full in the case of payment defaults. This Note does not authorize acceleration when not permitted by HUD regtdations. As used
in this Note, IISecretarytl means the Secretary of Housing and Urban Development or his or her designee.
(C) Payment of Costs and Expenses
If Lender has required inunediate payment in full, as described above, Lender may require Borrower to pay costs and
expenses including reasonable and customary attorneys' fees for enforcing thls Note to the extent not prohibited by applicable
law. Such fees and costs shall bear interest from the date of disbursement at the same rate as the principal of thls Note.

7. WAIVERS
Borrower and any other person who has obligations under this Note waive the rights of presentment and notice of
dishonor. "Presentment" means the right to require Lender to demand payment of amounts due. "Notice of dishonor" means the
right to reqUire Lender to give notice to other persons that amounts due have not been paid.

S. GIVING OF NOTICES
Unless applicable law requires a different method, any notice that must be given to Borrower under this Note will be given
by delivering it or by mailing it by first class mail to Bonuwer al the propetty address above or at a different address if
Borrower has given Lender a notice of Borrower's different address.
Any notice that must be given 10 Lender under thi. Note will be given by first class mail to Lender at the address stated in
Paragraph 4(B) or at a different address if Borrower is given a notice of that different address.

9. OBL!GATIONS OF PERSONS UNDER THIS NOTE

If more than one person signs thls Note, each person is fully and personally obligated to keep all of the promises made in
this Note. including the promise to pay the full amount owed. Any person who is a guarantor. surety or endorser of this Note is
also obligated to do these things. Any person who takes over these obligations, including the obligations of a guaranI or, surety
or endorser of this Note, is also obligated to keep all of the promises made in this Note. Lender may enforce its rights under this
NOle against each person individually or against all signatories together. Anyone person signing this NOle may be required to
pay all of the amounts owed under this Note.

BY SIGNING BELOW. Borrower accepts and agrees to the lerms and covenants contained in this Note.

~ lC1;;? .=- (Seal) 114"9 , 'tr -"'==> (Seal)

wIsAcA MIMS -Borrower LYDIA MIMs ~Borrower

~oJLw~·
~NNIE
BELLE
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·' _ (Seal)
-Borrower
____________________________ (SeaI)
-BOITOWeT

___________________________ (Seal) _________,...,,""'-;;;;;<.=;:;---------- (Seal)

-Borrower Pay to the order 01 -Borrow"

WhhoUl Recourse
WASHINGTON MUTUAl BANK, FA
FA ----B-y-'<~=---1t=l--~~."':
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BRENDA F. BRENDLE
FIRST VICE PRESIDENT

VICE PRESIDENT