GreenPoinl Mortgage - FCI Exchange

1 GreenPoinlDATE:August14th,2007 DEPARTMENT:Post ClosingRE: COLLATERALFILEGPMLoanNumbcr:0092688662 MortgageLETTEROF INTENTP leaseallowthis letterto serveas our intentto re-recordthe Deedof Trustof the abovementionedloannumberfor the followingreason:Notarysealon page15 of Deedof townon page3 of Deedof . g SupervisorGreenPointMortgageFunding, TottenPondRoadWaltham,MA 02451(800)696-9818981 AirwayCt * SuiteE * SantaRosaCA, 95403 :7_. u . ~~j-fJ,I/} Y/?!tJ7't:3~ #~53 DTrue and ce~ ongmalSignatureDEFINITIONS[SpaceAboveThi s Line For Recorg Data)MORTGAGENUN100013800926886629 Wordsused in multiplesectionsof this documentare definedbelowand otherwordsare definedinSections3, 11, 13, 18. 20 and 21. Certainrules regardingthe usageof wordsused in this documentarealso providedin Section16.(A) "SecurityInstrument"meansthis document,whichis datedAugust3, 2007togetherwith all Ridersto this document.]

2 (B) ''Borrower''iq 7.; ,r57 .3 Borroweris the mortgagorunderthis SecurityInstrument(C) "MERS"is MERSis a separatecOIporationthat isactingsolelyas a nomineefor Lenderand Lender'ssuccessorsand the mortgageeunderthis organizedand existingunderthe laws of has anaddressand telephonenumberof Box 2026,Flint, MI 48501-2026,tel. (888) UNIFORMINSTRUMENTWITHMERSForm30221 )(0401).01@Page 1 0115 VMP MortgageSo/ullan.(800)521-7291 CUstomizedby GreenPo~ntMortgageFunding,Inc.(D)"Lender "is _ '.'_1 IIIi7 Lenderis a coxporationorganizedandexistingunderthel awsofthestateofNewYorkLender'saddressis 2gp 21 as 5(E)"Note"meansthepromissorynotesignedby BorroweranddatedAugust3,2007 TheNotestatesthatBorrowerowesLenderthree hundredthirty-fivethousandand00/100 Dollars( $ 335, 000. 00) plusinterestBorrowerhaspromisedto paythisdebtin regularPeriodicPaymentsandto paythedebtin fullnotlaterthanseptember1,2037(F)"Prope rty"meansthepropertythatis describedbelowundertheheading"Transferof Rightsin (G)''Loan''meansthedebtevidencedbytheNot e,plusinterest,anyprepaymentchargesandla techargesdueundertheNote,andallsumsdueun derthisSecurityInstrument,plusinterest(H )''Riders''meansallRidersto beexecutedbyBorrower[checkboxas applicable].

3 [i]AdjustableRateRider0 CondominiumRider0 SecondHomeRideroBalloonRider0 PlannedUnitDevelopmentRider[i]1-4 FamilyRideroVARider0 BiweeklyPaymentRiderDOther(s)[specify][i ]OccupancyRider0 InterimInterestRider(I)"ApplicableLaw"me ansallcontrollingapplicablefederal,state andlocalstatutes,regulations,ordinancesa ndadministrativerulesandorders(thathavet heeffectof law)as wellas allapplicablefinal,non-appealablejudicia lopinions.(J)"CommunityAssociationDues,F ees,andAssessments"meansalldues,fees,ass essmentsandotherchargesthatareimposedonB orrowerorthePropertybya condominiumassociation,homeownersassocia tionor similarorganization.(K)''ElectronicFunds Transfer"meansanytransferoffunds,otherth ana transactionoriginatedbycheck,draft,orsim ilarpaperinstrument,wmchis initiatedthroughanelectronictenninal,tel ephonicinstrument,computer,or magnetictapeso as to order,instruct,or authorizea financialinstitutionto ,butis notlimitedto,point-of~saletransfers,auto matedtellermachinetransactions,transfers initiatedbytelephone,wiretransfers,andau tomatedclearinghousetransfers.

4 (L)''EscrowItems"meansthoseitemsthatared escribedin Section3,(M)''MiscellaneousProceeds"mean sanycompensation,settlement,awardof damages,or proceedspaidbyanythirdparty(otherthanins uranceproceedspaidunderthecoveragesdescn oedin Section5) for:(i)damageto,ordestructionof,thePrope rty;(ii)condemnationorothertakingofallor anypartof theProperty;(iii)conveyancein lieuof condemnation;or (iv)misrepresentationsof,oromissionsas to,thevalueand/orconditionof theProperty.(N)''MortgageInsurance"means insuranceprotectingLenderagainstthenonpa ymentof,ordefaulton,theLoan.(0) "PeriodicPayment"meanstheregularlyschedu ledamountduefor(i) principalandinterestundertheNote,plus(ii )anyamountsunderSection3 of thisSecurityInstrument.(P)"RESPA"meansth eRealEstateSettlementProceduresAct( seq.)anditsimplementingregulation,Regula tionX ( ),as theymightbeamendedfromtimetotime,or anyadditionalor successorlegislationor SA(MA}(0401~Ol~Page2 or 15 Form30221/01inthisSecurityInstrnment,"RE SPA"referstoallrequirementsandrestrictio nsthatareimposedinregardtoa "federallyrelatedmortgageloan"evenif theLoandoesnotqualifYasa "federallyrelatedmortgageloan"underRESPA .))

5 (Ol"SuccessorinInterestofBorrower"meansa nypartythathastakentitletotheProperty,wh etherornotthatpartyhasassumedBorrower' :(i)therepaymentoftheLoan,andallrenewals ,extensionsandmodificationsoftheNote;and (ii)theperformanceofBorrower' ,Borrowerdoesherebymortgage,grantandconv eytoMERS(solelyasnomineeforLenderandLend er'ssuccessorsandassigns)andtothesuccess orsandassignsofMERS,withpowerofsale,thef ollowingdescribedpropertylocatedintheCou ntyofDukes[Typ8of RClcordingJurisdiction)[NamClof RecordingJurisdiction]:As moreparticularlydescribedin exhibit"A" [City], Massachusetts02539whichcurrentlyhasthead dressof[Street][ZipCode)ParcelIDNumber:M ap 20C Lot641129 ChaseRdEdgartwon("PropertyAddress"):TOGE TIIERWITII alltheimprovementsnoworhereaftererectedo ntheproperty,andalleasements,appurtenanc es,andfixturesnoworhe!eaftera "Property.]]

6 "BorrowerunderstandsandagreesthatMERS holdsonlylegaltitletotheinterestsgranted byBorrowerinthisSecurityInstrument,but,i f necessarytocomplywithlaworcustom,MERS(as nomineeforLenderandLender'ssuccessorsand assigns)hastheright:toexerciseanyorallof thoseinterests,including,butnotlimitedto ,therighttoforecloseandselltheProperty;a ndtotakeanyactionrequiredofLenderincludi ng,butnotlimitedto,releasingandcanceling thisSecurityInstrumentBORROWERCOVENANTS thatBorroweris lawfullyseisedoftheestateherebyconveyeda ndhastherighttomortgage,grantandconveyth ePropertyandthatthePropertyisunencumbere d, , (MA)(0401).01@Pago30115 Form 30221 Lendercovenantand agree as follows:1. Paymentof Principal,Interest,EscrowItems,Prepaymen tCharges,and Late pay when due the principalof, and intereston, the debt evidencedby the Note and anyprepaymentchargesand late chargesdue under the Note.

7 Borrowershall also pay funds for EscrowItemspursuantto Section3. Paymentsdue under the Note and this SecurityInstrumentshall be made in ,if any check or other instrumentreceivedby Lenderas paymentunderthe Note orthis SecurityInstrumentis returnedto Lenderunpaid,Lendermay requirethat any or all subsequentpaymentsdue under the Note and this SecurityInstrumentbe made in one or more of the followingforms,as selectedby Lender:(a) cas~ (b) moneyorder;(c) certifiedcheck,bank check,treasurer'scheck orcashier'scheck,providedany such checkis drawnupon an institutionwhosedepositsare insuredby afederalagency,instrumentality,or entity;or (d) ElectronicFunds deemedreceivedby Lenderwhen receivedat the locationdesignatedin the Note or atsuch other locationas may be designatedby Lenderin accordancewith the noticeprovisionsin returnany paymentor partialpaymentif the paymentor partialpaymentsare insufficienttobring the Loan currentLendermay acceptany paymentor partialpaymentinsufficientto bring the Loancurrent,withoutwaiverof any rightshereunderor prejudiceto its rights to refusesuch paymentor partialpaymentsin the future,but Lenderis not obligatedto apply such paymentsat the time such each PeriodicPaymentis appliedas of its scheduleddue date, then Lenderneed not payintereston hold such unappliedfunds until Borrowermakespaymentto bringthe Loan currentIf Borrowerdoes not do so withina reasonableperiodof time.

8 Lendershall either applysuch funds or return them to not appliedearlier,such funds will be appliedto the outstandingprincipalbalanceunderthe Note inunediatelyprior to offsetor claim whichBorrowermighthave now or in the futureagainstLendershall relieveBorrowerfrom makingpaymentsdue underthe Note and this SecurityInstrumentor performingthe covenantsand agreementssecuredby this Applicationof Paymentsor otherwisedescribedin this Section2, allpaymentsacceptedand appliedby Lendershall be appliedin the followingorder of priority:(a) interestdue under the Note;(b) principaldue under the Note; (c) amountsdue underSection3. Such paymentsshall be appliedto each PeriodicPaymentin the order in whichit becamedue. Any remainingamountsshall be appliedfirst to late charges,secondto any other amountsdue under this SecurityInstrument,andthen to reducethe principalbalanceof the Lenderreceivesa paymentfrom Borrowerfor a delinquentPeriodicPaymentwhichincludesas ufficientamountto pay any late chargedue, the paymentmay be appliedto the delinquentpaymentimdthe late more than one PeriodicPaymentis outstanding,Lendermay apply any paymentreceivedfrom Borrowerto the repaymentof the PeriodicPaymentsif, and to the extentthat, each paymentcan bepaid in full.

9 To the extentthat any excessexists after the paymentis appliedto the full paymentof one ormore PeriodicPayments,such excessmay be appliedto any late chargesdue. Voluntaryprepaymentsshallbe appliedfirst to any prepaymentchargesand then as describedin the applicationof payments,insuranceproceeds,or MiscellaneousProceedsto principaldue underthe Note shall not extendor postponethe due date, or changethe amount,of the Fundsfor PllJ to Lenderon the day PeriodicPaymentsare dueunder the Note, until the Note is paid in fun, a sum (the "Funds")to providefor paymentof amountsduefor: (a) taxes and assessmentsand other items which can attain priorityover this SecurityInstrumentas alien or encumbranceon the Property;(b) leaseholdpaymentsor groundrents on the Property,if any; (c)premiumsfor any and all insurancerequiredby LenderunderSection5.

10 And (d) MortgageInsurancepremiums,if any, or any sums payableby Borrowerto Lenderin lieu of the paymentof MortgageInsurancepremiumsin accordancewith the provisionsof Section10. Theseitems are called"EscrowItems."At originationor at any time duringthe term of the requirethat CommunityAssociationDues,Fees, and Assessments,if any, be escrowedby Borrower,and such dues, fees andassessmentsshall be an EscrowItem. Borrowershall promptlyfurnishto Lenderall noticesof amountstobe paid under this pay Lenderthe Fundsfor EscrowItems unlessLenderwaivesBorrower'sobligationto pay the Fundsfor any or all waiveBorrower'sobligationto pay to LenderFundsfor any or all EscrowItems at any time. Any such waivermay only bein the event of such waiver,Borrowershall pay directly,when and where payable,the (MA)(0401)01~Pogc 401 ISForm30221/01I--IdueforanyEscrowItemsfo rwhichpaymentof FundshasbeenwaivedbyLenderand,if Lenderrequires,shallfurnishto Lenderreceiptsevidencingsuchpaymentwithi nsuchtimeperiodas 'sobligationto makesuchpaymentsandto providereceiptsshallforallpurposesbedeem edtobe a covenantandagreementcontainedin thisSecurityInstrument,as thephrase"covenantandagreement"is usedin Section9.