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HomeMy WebLinkAbout05-1504 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA CIVIL DIVISION CHASE HOME FINANCE, LLC, s/b/mlt CHASE MANHATTAN MORTGAGE CORPORATION, NO.: Of; - /S'oL{ C();L~W; Plaintiff, TYPE OF PLEADING: vs. NICOLE L. LETIZIA, CIVIL ACTION-COMPLAINT IN MORTGAGE FORECLOSURE Defendant. FILED ON BEHALF OF PLAINTIFF: TO DEFENDANT Yau are hereby notified to plead to the ENCLOSED COMPLAINT WITHIN TWENTY (20) DAYS FROM SERVICE HEREOF , ;1" J ( C Ii ()}/(UL( /c' ~ F ! ~ ATTORNEY FOR PLAINTIFF Chase Home Finance, LLC, s/b/m/t Chase Manhattan Mortgage Corporation COUNSEL OF RECORD FOR THIS PARTY: J HEREBY CERTIFY THAT THE ADDRESS OF THE PLAINTIFF IS: 3415 Vision Drive Columbus, OH 43219 Kristine M. Anthou, Esquire Pa. I.D. #77991 AND THE DEFENDANT IS: GRENEN & BIRSIC, P.C. One Gateway Center 9 West Pittsburgh, P A 15222 (412) 281-7650 1101 Franklin Street Carlisle, PA 17013 J (5!LL,)C (/. '- hi (//( U( ,j,V , ATTORNEY FOR PLAINTIFF CERTIFICATE OF LOCATION I HEREBY CERTIFY THAT THE LOCATION OF THE REAL ESTATE AFFECTED BY THIS LIEN IS 1101 Franklin Street Borough of Carlisle 5\h Ward (CITY, BORO, TOWNSHIP) (WARD) r), . , .} , . /' __/- r (l vL l/',/4-- If CL/~Ci\ d {'---" ATTORNEY FOR PLAINTIFF . IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA CHASE HOME FINANCE, LLC, s/b/m1t CHASE MANHATTAN MORTGAGE CORPORATION, CIVIL DIVISION NO.: Plaintiff, vs. NICOLE L. LETIZIA, Defendant. NOTICE TO DEFEND You have been sued in court. If you wish to defend against the claim set forth in the following pages, you must take action within twenty (20) days after this complaint and notice are served, by entering a written appearance personally or by attorney and filing in writing with the court your defenses or objections to the claims set forth against you. You are warned that if you fail to do so the case may proceed without you and ajudgment may be entered against you by the court without further notice for any money claimed in the complaint or for any other claim or relief requested by the plaintiff. You may lose money or property or other rights important to you. YOU SHOULD TAKE THIS PAPER TO YOUR LA WYER AT ONCE. IF YOU DO NOT HAVE A LAWYER, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW. THIS OFFICE CAN PROVIDE YOU WITH INFORMATION ABOUT HIRING A LAWYER. IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAYBE ABLE TO PROVIDE YOU WITH INFORMATION ABOUT AGENCIES THAT MAY OFFER LEGAL SERVICES TO ELIGIBLE PERSONS AT A REDUCED FEE OR NO FEE. Cumberland County Bar Association 2 Liberty Avenue Carlisle, PA 17013 Phone (800)990-9108 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA CIVIL DIVISION CHASE HOME FINANCE, LLC, s/blmlt CHASE MANHA IT AN MORTGAGE CORPORATION, NO.: DS" - /5 Co',! C;uL ~8'2-1[ Plaintiff, vs. NICOLE L. LETIZIA, Defendant. CIVIL ACTION - COMPLAINT IN MORTGAGE FORECLOSURE Chase Home Finance, LLC, s/blmlt Chase Manhattan Mortgage Corporation, by its attorneys, Grenen & Birsic, P.c., files this Complaint in Mortgage Foreclosure as follows: I. The Plaintiff is Chase Home Finance, LLC, s/b/mlt Chase Manhattan Mortgage Corporation, which has its principal place of business at 3415 Vision Drive, Columbus, Ohio 43219. 2. The Defendant, Nicole L. Letizia, , is an individual whose last known address is 1101 Franklin Street, Carlisle, PA 17013. 3. On or about January 7,2000, Defendant executed a Note in favor of Equity One, Incorporated in the original principal amount of$74,949.00. A true and correct copy of said Note is marked Exhibit "A", attached hereto and made a part hereof. 4. On or about January 7, 2000, as security for payment of the aforesaid Note, Defendant made, executed and delivered to Equity One, Incorporated a Mortgage in the original principal amount of$74,949 .00 on the premises hereinafter described, said Mortgage being recorded , in the Office of the Recorder of Deeds of Cumberland County on January 7,2000, at Mortgage Book Volume 1591, Page 174. A true and correct copy of said Mortgage containing a description of the premises subject to said Mortgage is marked Exhibit "B", attached hereto and made a part hereof. 5. Equity One, Incorporated assigned all of its right, title and interest in and to aforesaid Note and Mortgage to Plaintiff pursuant to a certain Assignment of Mortgage recorded in the Office of the Recorder of Deeds of Cumberland County on March 6, 2000, at Mortgage Book Volume 639, Page 609. 6. Defendant is the record and real owner ofthe aforesaid mortgaged premises. 7. Defendant is in default under the terms of the aforesaid Mortgage and Note for, inter alia, failure to pay the monthly installments of principal and interest when due. Defendant is due for the November 1,2004 payment. 8. Plaintiff was not required to send Defendant written notice pursuant to 35 P.S. !l1680.403C (Homeowner's Emergency Mortgage Assistance Act of 1983 - Act 91 of 1983) prior to the commencement of this action for the reason that the aforesaid Mortgage is insured by the Federal Housing Administration under Title II of the National Housing Act (12 U.S.C. !l!l1707-17l5z-18). 9. Plaintiff was not required to send Defendant written notice of Plain tift's intention to foreclose said Mortgage pursuant to 41 P .s. 9403 (Act 6 of 1974) prior to the commencement ofthis action for the reasons that said Mortgage is not a "residential mortgage" as defined in 41 P.S. !l101 and the Defendant is not a "residential mortgage debtor" as defined in41 P.S. !l101. 10. The amount due and owing Plaintiff by Defendant is as follows: Principal Interest to 3/9/05 Late Charges to 3/9/05 Corporate Advances Attorney's fees Title Search, Foreclosure and Execution Costs $67,799.20 $ 1,338.11 $ 84.55 $ 82.26 $ 1,250.00 $ 2.500.00 TOTAL $73,054.12 WHEREFORE, Plaintiff demands judgment in mortgage foreclosure for the amount due of$73,054.12 with interest thereon at the rate of$8.36 per diem from March 9, 2005, and additional late charges, additional reasonable and actually incurred attorney's fees, plus costs (including increases in escrow deficiency) and for foreclosure and sale of the mortgaged premises. GRENEN & BIRSIC, P.C. /' 1 ({; . BY:" v~cJ( (/(cl) Ctt(,(c'i-- Kristine M. Anthou, Esquire Attorney for Plaintiff One Gateway Center, Nine West Pittsburgh, PA 15222 (412) 281-7650 THIS IS AN ATTEMPT TO COLLECT A DEBT, AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. . 'I MUI:iSI'IDRiGU\Nl~~DJUST ABLE LN# 00222043 t' ., t,; .~. ,-' RATE NOTE ~i1^ Case No 441~6180556 January 7. 2000 IDlIlej 1101 Frankl1n Street.Carllsle.PA 17013 [PHlpenyA\ldre.\sJ 1. PARTIES "Borrower" means each person slgOlng allhe end of this Note. and Ihe person's successors and assigns "lAnder" means EqUlty One. Incorporated. a Pennsylvanla Corporatlon and liS succcs$Ors ,nuJ assi!;ns. 2. nORRowER'S PROMtSE TO PA Y; INTEREST In rClUm for a Joan rt"CClvcd from Lender. BorrowL'r promises 10 pay the principal sum of Seventy Four Thousand Nlne Hundred Forty Nlne and nollOO Dollars I'll .S. $ 74.949.00 ), plus interesl, to lhe order 01 Lender. lnteres\ will be charged on unpaid pnnclpal, from tbe dale 01' dJsburscmenl of the lo,U} proceeds bv lender, <II a rate of Seven and One ,I Quarter percent ( 7.2500 %) per )It'ar unin lhe lull a.rnount of pflnclpal has. been p.mL lnc interest rail.' may change 1Il accordance with Paragraph 5(C) of thIS NOle 3. PR()M1Sl:o: TO PA Y SECURED Bonower's prollllSl." to pay IS secured by a marl gage , uL'nJ of trust or sim\lar ~ccutil:-' mstrunlent Illat 15 dated the same dalt' ,L~ ttm. NOll' anu cal\tO the "Security Insrrumenl." TIlat Securny Instrument Pfl1ICctS the Lender (nmllosst:s whIch nughl result If Borrower defaults \.mder this Noll'. 4. MANNER OF PA YME!\'T (A) Time .Borrower shall make a paynll'nt of prinCipal and mterest to Lender on the tirst U<lY of each month beglrlntng on March 1 2000. Any prlrlclpal and interest remaimng 0:1 (he first day of February 2030 ,wIll be due on that dale, whIch 15 called the "Maturity Dale." (U) Place Payment shall be made at 523 Fell Ovlsh 1 P Rd Mt Laurel. NJ 08054 or OIl such other place as Lender may deslgnate In writing by notIce 10 Borrower. (C) Amounl Inilial.ly, each monthly payment of pnnclpal and interest will be in the amount of U.S. $ 511 28 Tllis art\llUot Will be pan of 11 larger monthly payment required by the Security Imtrument lb.at shall be applll>U to pnncipal. mteresl and other items 1(\ the order dl'scrihed In lhe Security Instrumenl. TIllS amount may change in accordance wnh Paragraph 5(E) of this NOte 5. INTEREST RATE AND MONTill, Y PA YMF.NT CHANGES (A) Change D~te The mlereSI rale may change on lhe first day of Apn 1 2001. and on that day of each succeeding year "Change Dalen means each date on winch the Interest rate could cb.ange (8) The Index Beginning WIth Ihe fITSt Change Dale, Ihe intcrest rale Will be based 011 an Index "Index" means the weekly average yield on United States Trt'a:mry Se'CUTlIICS adjusted to a constanl matunty of one year, as made available by the Federal Reserve Board. "Currenl IndCA" means me most recenllndex figure available 30 days before Ihc Change DaIC. If the Inde", (as FHA MuJIL~I:ale AdJustabl1! Rail! Note. !Of?! "-5901911I011 ... VMP MORTGAGE FORMS 18(0)521.7291 ~ \ 'L \L Pag.lo'3 /wIWOll95 IM'UI'~ Illm~ IIIII~I ~II ~I~ m 1111 "'. j "'. I. -, r--- .. r. dcflOCd above) IS no longer aV<liJilhlc, Lender will use as a new lntlcx any index prcscnhcd by the Secretary (as defined in Paragraph 7(8)). Lender will gIve Borrower notice of the new Index. (C) Calt:u\Mion ()f Interest Ra\e Changes Before each Change Dale, Lender will c3lculate a new Lnten:sl rale hy addmg a margin of Two and Three I Quarters percentage poim{s) ( 2.7500 %) 10 the Current Index. and rounding the sum 10 the Ill'arCSl onc-elghlh of one percentage pomt (0 ]2.5%). SubJectlD .he limits stated In Paragraph .5(0) of this Note. this rounded amount v.'il1 he the new inlcrest TalC unlillhc nexl Change Dale. (D) Limits on Inh.'I'"l.':'i1 Rate Changes The eXlstmg interest ratc WIll never increase or decrease by mOTe than one percentage point (1.0%) on any sll1gle Ch:mge Date. Tht: Lnten.'l>! ratc will ne....er he more lhan five percentage pointf> (5.0%) hIgher or lower than Ihe inllial inlt:Tcsl rate staled in Paragraph 2 of lhis NOll:, (E) Calculation or Paynwnt Chlmgt:; If the interl'st rate changes on a Change Date, Lender wllI cakulatl' the amount of mOnlhly payment of prinCipal and Interest which would be nccessary to repay thc unpaid prinCipal halance i.n full M the MalUnt)! Date al Ihe new lO\en:Sl Tale through substanllally equal paymcnls. In makmg such calculation, Lender will use the unpaid pnnClpal halance which would be owed on the Change Date If then: had heen no default in payment on the NOle, reduced by the amount of any prcpaymcms 10 principal The result of thiS calculation will be the Jmoun! of the new monthly payment of principal and mteres!. (F) Notice of Chun~t'5 Lcru.lcr wlII give notm: to Borrower of any change In the mtnest rale am! mOnlhly payment amounl The nOlice must he gIven at least 25 days before the new momhly payment amount IS due, and must M:t fonh (i) Ihe date of the notice, (il) the Change Dale, (iii) the old IIltereSl rate, (iv) the m:w nllen:st rille, {v} the lieW mfln\hly payment amount, (vi) the Current Index and Ihe dale it \A.'as puh!Jshed, (vii) the method of calculating the change In monthly paymenl amount, and (viii) any other informatIOn wllldl may be requlrt'd by law from Ilmc 10 lime (C) Effl-cti\'e Dale of Changes A new interesl rate calculaled in ;lccordanee with Paragraphs 5(C) and 5(0) of Ihis NOH: WIll become effecllve art Ihe 'C\lange Date. Borrower shall make II payment in the new monthly IImounl heginning on Ihe first paymen( date which occurs at Ieasl 25 days after uJHkr has given Borrower Ihe n,)IIC(' of changes required hy Paragraph 5(F) of lhis Note, Borrower shall have no ohli~alion to pay any mere,I..';\: 111 ,hc monthly p<l)'ml.'n\ amoum c:lkul:\1ed in accordance with Paragraph 5(E) of thiS Note for any payment dme occurring less lhan 25 days aftcr u.:nder has glven the reqUIred notice. If lhe monthly payment amount calculated Jll accordance With Paragraph 5(E) of IhlS Note decn:a5td, but Lender faIled \0 gl'le limc\y notice of the decrease arid Borrower made any monthly paymenl amounts e:xce:euJIlB the payme:nt amount which should have been stated in a timcJy nOllee, tl1e:n Borrower has Ihe option to e:ither {I} demand the return 10 Borrower of any e:}teess payment, with imcreSI lhc:rcon at Ihc NOH: ratc (a rate: equal 10 the interest rale which should have bet'n slale:d in a llmcly nollce), or (11) rcquesl that :lny t'xcess payment, with inlerestlherl'on al the Note: ralt:, he appl1ed as payment of prinCIpal, Lender's obligation 10 return any excess paymt:nt with Interest on ue:manu lS liDl a:if>igntiDIt: l'Ven if lhis Note IS olhern'isc assigned before the demand for return IS madc. 6. BORROWER'S RJGHT TO PREPAY Borrower hilS the righl 10 pay thc deht eVidenced by this NOle, In whole or In pan, without charge or penalty, on the first !.lay ,)f any month, Lender shall accept prepayment on other days provided thaI borrower pays mterest on (he amoUnt prepaid for the remarnder of the month 10 the e.,tent reqUired by Lender and pernuned by regulations of the Secretary, If Borrower makes a partial prepllymcnl, there win he no changes In the due date or in the amount of lht: monthly paymeol unless Lender agrees III wntmg 10 those changes, 7. BORROWER'S FAILlJRE TO PAY (A) Lale Charge for O\'erdut Payments If Lender has nOI received the full monthly payment required by the Security Instrument, as descnbed in Paragraph 4(C) of thiS NOle, by Ihe end of fifteen calendar days after lhe payment IS due, Lender may collect a late charge m lhe arnoum or Four percent ( 4.0000 %) of the overdue amount of each payment. (D) Default If Borrower defaults by falling to pay III full any monthly payment, then Lt:ndcr may, cllcepl as Iirntted by rcgulalLons of Ihe Secretary 10 Ihe ease of payment defaults, require immediate payment m full of lhe pnncipal balance remammg due and aU accrued inlercsl. Lender may choose not to exercise thIS option Without walvmg liS rights m the even! of any sUbsequenl ~.59019~OIl Pog.2o'3 ,""", )\\LL ~:' " .. I. r dcfauh. TIllS Note docs nol authorize accc\eritllon when nOl permined by BUD regulations. As used in this Note. "Secretary" means the $l'trclary of Housing and Urban Developmcnt or his or her <kslgncc. (C) Payment of Costs llnd Expenses If Lender has requin'd lITlITlnhillc paymcnlln full, as descnbt'd above, Lender may require Borrower to pay costs and expenses including T('asonahle and customary allomeys' fees for enforcmg this Note to the t'x.lcn! nOI prohibllcd by appllcablf law Such fees and costs shall bear Interest from the dale of disbursement at the same rate as the principal of thIS NOll' 8. WAIVERS Borrower and any other person who has obligations under thIS NOlC waive the fights of presentment and nOllee of dlshunor. "Presentment" means the nghllO n:qUlTc Lender 10 demand payment of amoums due. "Nollee of dIshonor" means the Tight to require Lender 10 gIve notice 10 olher persons thai amounts due have nOl been pmd. 9, GIVING OF NOTICES Unless Ilpplicablc law requlrt:s a diffl'rcnllllelhod, any nollct' lhal must be given 10 Borrower under thIS NOle will be glvl'n by delivering it or by mmlmg il by firsl class mail 10 Borrower m the property address above or al a diffrrent address If Borrower has given Lender a nOllee of Borrower's ulfferl'nt address. Any notice Ihal must be given 10 L:nder ulldcr this NOle will be given by firsl class mail to Lender at the address stated in Paragraph 4(B) or at a ulffernll auurcss if Borrower is gIven a notH;e of that differenl address 10, OBLIGATIONS or I'ERSOKS lJ!\"DER TillS ?'olOTE If morc than onr person sIgns IhlS NOlc, each pnson i.'i fully anti personally ublLgaled to keep all of lhl' promIses made In IhlS NOle, includmg lht, prolllJSl' to pay thr full amount owed. Any person who is a guarantor, surelY or endorser of thiS NOIc IS also obligliled to do lhl'se lhmgs. Any person who lakcs over Ihesc obligatIons, lllcludlng Ihe ohllg<lllOns of a guaraIllor, SUrt'ly or endprser of lhls 1'\ole, is also obhgall'd 10 kl'rp all of lhe pron1Jses made in Ihis NOIc. Lendcr m<lY enforce ils rights under IhlS Note <lgainsl each person Indlvidual]y or agmnsl all signalOTleS Il1gelh~r. Any Ont' person signlll~ Ihis Notl' may be required \(l 'pay all of thc ;UIlOUnlS owed under Ihls Note BY SIGNING BELOW, Borro.....er aeeepls :lnu agrees to thl' tenns and covenanls tontalnl'll in thIS Note, (Seal) '1Ufi~ 'rf,.~ (Seal) .Borrower N1Cole L. LetlZl. .Borwwer (Seal) .(Seal) .Borrower -BoTTowel (Seal) (Seo1) .Borrower .Borrower (S,01) --~ (S,01) .Burrower -Borrower ~.59019&O'1 WITHOUT RECOURSE PAY TO THE ORDER OF: CHASE MANHATTAN MORTGAGE CORPORATION P_3013 H. Burton Embry, V.P. Pay to the Order of Wir.,ctrl Recourse :n3rf:tion UNOA TIPTOIt: . SECI'lETARY , ft,'fCf J~ . .1 " IS ROBERT ~. ZIEGLER P.ECOI~DEn OF DEEDS CUI.:B[I;~\:iD COlilrfY - PA '00 jAN 7 Pf'I ~ 03 '-1/ (,~1) -+ \ {/0~ /0/ r; S C6'J GR~G~\N1~l \Q)~U~~\M~l Parcel Number: {Span Above TId~ LlIlt l'ur Rn:nrding D~lal Commonwe.llllh Or l'tnnsyh"ania MORTGAGE FHA Case No -I 441-61~ IN# 00222043 THIS r..lORTG^GE ("Sccunly [nstrumcnn IS gIven on The Mong'Sac "Nlcole l letlz1a. MARRIED PERSON January 7. 2000 ("Borrower"). ThIs St"CurLly Instrument is gl\'t:n 10 Equlty One. Incorporated, a Pennsylvama Corporat lOn which IS organized anti cxisllng under the laws of whoscaddrcSSIS 523 FellowshlP Rd Mt Pennsylvama Laurel. NJ 08054 ("Lender'"), Borrower owes lender the pnnclpal sum of Seventy Four Thousand Nlne Hundred Forty Nlne and nollOO Dollars (U.S $ 74.949 00 ). TIlls debt IS evidenced by Borrower's note dated (he same date as this Sl.:curity Instrumclll (~Note"), whICh provides for monthly paymenlS, with the full debt, If nO! paid earhcr, due and payable on February 1. 2Q30 . TIlls Scr.;uflly Instrument secures 10 Lender: (a) the repayment of the debt eVidenced by the Note, with lfiH:rest, and all renewa1s, extensions and modifications of (he NOle, (b) the paymelll of aH olher sums, witlJ interest, advanced under paragraph 7 to protect the secunty of this Security Instrument; and (e) the performance . and tllA Perul$yl~..rua ~{)r1RaIC - 4/% C$4RIPAJ 196041 01 I,'MPMQRTGAGEFORMS 180015.'.7291... \1 \ Pagel0l8 I.lW Q<l196 01 IM"IS~ 1111111[lllllllllmllll~IIIII"1 eacI1591ncr .174 . . ., ., LN# 00222043 of Borrower's covenants. and agrccmcn\s ~ndl;I "us. Sccllfity InslTumcnl and the NOll'. For this purpose, Borrower docs hntb}' mortgage, grant and convey to the Lt-ndcr the followmg dcscrihed property locall:d In Cumber land CO\lnl.y, Pt'nnsylvarua' whu.:hha'>lhclHldrcssofllOl Franklln Pcunsy]yania 17013 Street.Carllsle IZlpCr>liel ("PlOprn)' Address"); ISUecl. Clly\, TOGETHER WITH all the Improvements now or hereafter l'Tcctl:d on the property. and all casemenls, appur1I::o<mCes and lixlUrn now Of lll'Tcahcr a pan of the properl)'. All rcplaCl'mCnlS and addulOns shall also br co\'cn:u 0)' tillS Serum)' Inslrulnt:nl. All of tht, foreglling is rekrred 10 m this Security Instrument as the "Property." BORROWER COVENANTS Iha! Borrower is lawfully seized of the eSlale hrrcby conveyed and has the nght to /TlOrtgilge, gram ilod convey the Property and that Lhe Property is ullcllcumbered, ["CCpl for [Ilcumhrances of record. Bnrrower W"rran\s and WIll tlei'1:nd grneral\y IlK lllk 10 the Property ag;llllst all claims and demands, sUhJecl to any encumhrances of record. TH1S SECUR\TY INSTRUMENT combines uniform covenants for natlonal use and non. uniform covenants wllh lImited \'ilrllllions by j\.lfl~dJC(ion to constl\utc a uniform secunty inSI(ument covcnng retll propcrty. Borrower and Lender covenanl and agree as follows: UNIFORM COVENANTS. 1. I'ayment or I'rindplll, lnll'rest .and Laic Charge. 13orrowl'r shall pay when due the prinCipal of, and IllIl'fCSI on, lht' debt evidenced by the Note and hue chaIges dUI: um.\eT the NOle 2. !\.1onfhly PllJfUcnt of Taxe.<.:, Insuruncc and 011)(..... Charges. BorrOweT shall mclutle III each monthly paJmcl1t, [ogelher With thc pnnclpal and interesl a~ set rorth III lhe NOll' and any laic c1targcs, a ~urn for (a) taxes and speclil! assessmem~ levied or to bc IrVll-U against the Property, (h) leasehold paYrnelllS or ground renls on the Proplmy, and (c) premiums for ulsurance required under paragraph 4 In any year in which the Lender must pay a mnng<lgc lnsurance prtrruum to the Secretary of Housing and Urhan Devclopmcm CSecretary"), or in any year In which such premium would have bl"Cn required If Lender still held Ihe SecurilY Instrument, each monthly payment shall also include either. (i) a sum for the annual mClrigagc H\surancc premIUm 10 be paid by Lender 10 the Secretary, or (II) a mOllthly charge lIlstead of a mortgage JIlsurance premium If this Security InStrumenlls held by the SecrCiary, 1rl a reasonable amount to be detenruned by [he Secretary. Exce~t for the monthly charge by the Secretary, mese items arc called ~Escrow Ilems~ and [he sums paid 10 Lender are called ~Escrow Funds" under may, al any time, colleCI and hold amounts for Escrow Items III arl aggregate amOUIJ[ nOllo exceed lhe maximum amount that may be required for Borrower's escrow account under Ihe Real ESlalC Senkmcnt Procedures Ac[ of 1974, 12 U.S C. Sewon 2601 e{ 5eq and lmplememing regulations, 24 CFR Part 3500. as they may be amended from ti.me to t\mc ("RESPA"), CXCI.."P\ Ihal1he cushlOn or reserve perm:iuoo by RESPA for unantiCIpated disbursements or dl~hursemcnts before the Borrower's payments arc aVllllable in the account may not be based on ;ID10UntS due for Ihe mortgage insurance prerruum. C-4A.\PA.\\9W41<l1 . In.t,,,,~ Pagl20fB 8QQ!1591fACt .175 . . LN# 00222043 If (he amoullts held by Lender fm Escrow llt~rm t:l'.cl'cd thr amounts permitted 10 be held by RESPA. Lender shall account 10 Borrower for the execss funds as rcqulrl:d hy RESPA. If the amounts of funds held by u.'lldcr at any lime are not SUffiCICllllO pay tht. E<;crow Items when dUe. Lender may nOlify the Borrower and require Borrower In make up the shortage as pcnmttrd by RESPA. The Escrow Funds are pkdgcd as additIOnal security for all sums secuTl'd by Ihls Security InSlrument If Borrower Icndl'rs to Lender the full payment of all such sums, Borrower's accounl shall be crcdllcd with the balance Temainlllg for all Installment Itt'ms (a), (b), and (c) and any mortgage insurance premium IIlslallmenllhal Lender has 110( become obligated 10 pay 10 the Secretary, and Lender ~hall promptly refund any excess funds to Borrower. lrrunediardy pnor to a fcw:dosurc sale of the Propeny or liS acqUlsillon by Lender, Borrower's account shall be credlltd with any balance remallllog for all installments for items (a), (b), and (e). 3. Appliculion of I'ayments. All payments ulllkr paragr<lphs 1 and 2 shall be applJed by Lender as follows: FIrst, to the mongagc insurance premium 10 be paId by Lt:ndcr 10 thl' St.'Crl'tary or 10 the monthly charge hy the Secretary IIlstead of the monthly mongage insurance pH'mlUln, Second, to any taxes, spt.'cwl asst.'ssmCnlS, Icaseh()ld payments m ground R"nts, and I1re, Ilood amI mher hazard insurance premiums,.iS required; ll1ird, to mterest due under the Note; Founh, to 3mOnl1.atlon of the principal of the NOle; and FIfth, lO late charges due under lhe Note. 4. Fire, "load und Other Hazard Insurance, Borrtlwer shall Insure alllmproyemellls on thl' Propeny, whether now 111 exislence or subsequently l'rected, ;Jgmnst allY hazards, casualties, and contingencies, includlOg fire, for whIch Lender H'qUJTCS insurance. ThIS InsUranCl' shall he m:llnl3111ed 10 the amounts and for the perIods that Lender rt.'quirl's. Borrnwtr shall iJlso insure all lmproyements Oil the Property, whether now 10 existencc or suhsequemly crcctl'd, agalTlstloss hy noods 10 Ihc extent requm-d hy the St'Crt.'tary. All insurance shall be carried WIth compames approvl'd by Lender The Illsurance poliCIes and any rmewals shall be hdd hy Lender and shall include loss piJyable clauses in favor of, and 1II a foml acceptahle 10, L...:nder. In [he l'yent of loss, Borrower shall glYl' Lender imrnediatl' Ilotice by mall. Lender may make proof of loss if not made promptly hy Borrower Each insurance company cnneerlll:d is hnehy authoflzed alld directl'd l\1 make paymt.'nt for such loss directly to Lender, 1I1Slcad of to Borrower and to Lcndcr Jointly All or any pan of the insurance proceeds may he applied hy Lender, at llS OpIU)l\, eilher (a) to the reduction of lhl' ]I\dl'htL'dness under Ihe NOll;' and this Serumy Instrumem, first to any delinquelll amounts applied in the order 1I\ paragraph 3, and then 10 prl'payment of principal. or (b) to the rCSlOratlon or repair or the damagt.'d Propeny, Any applicatIon of the proceeds 10 the pnllnpal shall not extend or postpolle Ihe due date (If the monthly payments whIch are referred 1010 paragraph 2, or change the amount of such payments, Any excess insurance proct.'eds oyer an am\)unt rcqum'd to pay all out-standmg llldebtedness under the Note and this SecurllY Instrument sl1<1.1I he paid to the cnlJly legally entllkdtherew. IT: the {".'em of for::cloSt.:re of Ih]s Security !n~.!~n~cnt or other IT:msfer of t:lle to the Propeny lhat cxtlngUlshes the indehtt.'dness, all nght, tille and interest or Borrower 10 and t{J insurance pollc]es 10 force shall pass to the purchaser 5, O<:cupaney, Presen'<Ition, :'\laintcnunce and Protection or the Property; Borrower's I.oun Applk:.ltionj Leaseholds. B\mowcr shall occupy, establish, and llse the Propeny as Borrower's princIpal reSIdence withm sixty days after the execution of thIS SeCurity Instrument (or wllhm sIxty days of a later sale or transfer of the Property) and shall cont1l1ue 10 occupy the Property as Borrower's pnnclpal resldencc for al least one year aher the dale of occupancy, unless Lender delCrmines that n:quirt'mcnt will cause undue hardship for BorroWl'r, or unless extenuating clTcurnstances CXlst whIch are beyond Borrower's control. Borrower shall notify Lender of any cxlenuallng ClrCUffi<;tances Borrower shall not COmrtul waste or deslroy, damage or substantially change the Property or allow lhe Property to deterIOrate, reasonable wear and tear excepted. Lender may inspect the Propt.'rty if the Property ]S vacant or abandoned or the loan is 10 default Lender may take rt.'asonable action to protect and preserve :>uch vacant or G,4AlPAll3604lCI . FO\l$JclB I~"'al'~ 60011591 flCE J. 76 . . LN# 00222043 abandonrd Property. Borruwer shall also be in default if BUi!OWl:f, during the IOlU1 apphcatlon procc-'5s. gave mal('rlally false or maccUralc mfonnalion or SI<Uenwnts 10 Lender (Of r...lkd 10 proVIde Lender wllh any malerlal informallon) in wnnt'clion with Ihe loan {"videnced by lhc NOle. [ncluding, bm nOl hmilt-d 10, rI,'prt"Semallons concerning BOTTower's or:cupancy of the Propeny as a principal Tl"Slde-nee If (bis Securily lnSlrumcm is on a leasehold. BOllower ~ha11 comply wIlh lhe provIsions of the lease. Il' Borrower acquires. fee title lO thl' Propeny, Iht: ka~t'hold and fee till\: sbaH not be mcr!!l'd unless Lender agrees to tht' merger m writing. 6. Condcrnnution. The prm:rt"lh of any award or claIm for damages, dnccl or canst"quenna!, In cont\CCt\Oi\ wah any wntll'mnnlion or other taking of any par\ of the Propen)', or tor convcyance In place or condemmllmn, are hefl'by assl,gncd and shall be paid to Lender to the I;xu'm of nil.' full amoum of Ihe mdebtedness thaI rt'mams unpatd unUtr the NOll' and IhlS Secum)' InstnJment, Lcndr.:r ~hall apply such proceeds 10 t.hl' reductiOn of the indebll'dncss undl'r the NOlL' and this S.:curny InslrullR'nl, first to any delinquent amountS applied in the ordlT provldl-d m p:nngraph 3, and then to pH.'payment of prmclpal. Any appllcatlUn of the pIGel'l'lhlO the princIpal shall not extend or p05\pOne thl' (Itle date of the monthly paymcnts, which arc referred to In paragrnph 1, or change rhe an'lOUJlI of such paYll1cms Any c:\ccss procced:; ovtr an amount requm'd 10 pay all outslandlrlg indehtedness undeT Ihe NOl{' and lhis S('curity Ins.lrumcnl shall be pend to th(' ('ntlty kgally emilit'd therelO. 7, Charges 10 Horro.....cr and Prot{'(~lion of J~cnder's Hi~ht5 ill Ihe Properl)'. Borrower ~haU pay all gov('mmental or Jnunlcipal charges, riflC~ and lmposinons thm arc not includl'd In paragraph 2. Borrower shall pay rlwsl' Ob!JgllllOns on time dJf('Clly to the t'mity which lS OWl'd lhe r<lyrTlenl If fcJllure 10 pay would adversely af(l."'CI Lender's inleresl in the Property, upon Lender's tl:quc~l Borrowt'r shall promptly furnish 10 Lender rect:lpts cVldcnclflg these payments. lf Borrower follls 10 make these paynlents or rhl.' payments u'qlll(l.'d by paragraph 2, or fails 10 pcrfonn any Oilier nWt'l\anlS and ;:tgn'L'IlWn1S cont;lined If\ Ihis Sl'Curity Instrument, or there is a kgal plOcccdmg that rnay slgmJicanlly affoct Lenon's nghls in the Propeny (such a~ <l ploCl'eding in b,JflkruPlCY, tor cnndemnatlon or 10 L'nforce laws or rt:gu[aclOn..,), tlv.;n Lt:ndcf may do and pay whall'vl'r is n(~n'ssary to protect the value of the Propeny and Lelldcr's rights In the Ploperty, mcl\.l~hng. paYn1l"m of I:IX('5, hazard in5urallCt' and other ltt'ffiS mentioned in paragraph 2. Any amounts dlsburSt'd by u:mler \lndU \hlS paragraph shall hecome an addlllonal dt'bl of Borrower and bl' st'Cured by Ihis Securily InsuunK'OI. 'nU;s.e amounls Shllll bl.'ar mlerest from Ihe dale of disbursement. 31 the Note raIL', and at Ih(' opllOn of lender, shall be lllllllediau:ly due anu payable, Borrowf"r sh~]] promplly dlschargt' any hen Wllleh has priority n'>'CT this SL'Cunr)' Instrument unkss BOffowtT HI) agrl'('s in \Vullng to rhe payment of the obl1garion secured by tht: llcn Ifl a m.1Ill1cr acceprabk to Lender; (b) con\C5\S In good faith ttle llcn by, or defends ag;t1nsl enforl'l'Jl1ml of the lien ln, kgal procl:L'"umgs whIch In the Lender's opll\\on Opl'ra\L' 10 pn,'vt'l1\ Ihe entorcement of the 1Ien, or (c) .~t'Cures from the nolue! of the lien an :lgreetnent s;l1i~faclory to l.....nun subOldinating lhe IIE"n 10 this SeCurity Inslrurnt'nl. If lender uetcrrruncs thaI any pan of tht' Propeny is subject to a lIen which may attain priority {lVt'r thiS SecurilY Instrument, Lender ffi<'.y gIVe Bnrff'Wer a nOllee !dCflllfywg lhe hen.. Bmrnwe-r sllall satIsfy the lien or take one or mote of lhe aellons set forth ahove wlthm 10 days of the givmg of notiCe, 8. Fl'CS. Lender may collect fees and charges ilwhoriu.:d by the Secn:\ary. 9. Grounds for Accelenltion of Debt. (a) Default. Lender may, t'XCt'pl as Innifrd by regulmlom Issued by the Set:retary, In tht' case or payment dtfaults, fequin: imnwdWle payment In full of all sums sl'CUred hy thiS SecufllY Instrumenll!: (I) Borrower dcfauh5 by falling 10 pay in full any monthly payment required by t111S Security Instrument prior 10 or on the due date of the nexl monthly payment, or (Il) Borrower defaults by foiling, for a peT/od ot Ihm}' days, to perfonn any olher obligalions conlained in this Security Inslrument. (b) &lIe Without Credit Approval. u:ndcr shall, If permiucd by applicable law (mcluding Section 341(d) of the Gam-Sl. Gcnnalfl Deposllory InStHullOns Act of 1981, 12 U,S,C 1701)-3(d)) and with the pnOr approval of the Secretary, require Immediate pllymenllfl full of all S.UI11S 5ecured by this Security Instrumeru if: ca-4RfPAIISt;04I01 . P"9""oiS '"~" JJl.1" BooK1591,lGE .t?7 . . LN# 00222043 , (i) AU or part of the Property, or a bcntliclll.l mlnc:st in a trust owmng all or pan of the ProperlY, IS sold or otherwise lr<lnsfl'rrcd (other than by devIsc or descent), and (II) The Property IS not occupied by the purchaser or gramcc as his or her prmclpal Tl'sldcncc, or the purchaser or gran lee does so occupy the Proprny but his or her credit has lIot been approved in accordance wilh lhe fl'quUl:mcnts of Ihe Sl'(fClary. (c) No WaiwT. If circumstances occur Ihsl would pennll Lender to n:qUlrc immediate paymcnl III full, but Lt'ndcr does not fl'qUIrt: such payments, Lender does not W<IIVl: ItS nghts with respect 10 subsL~uent cvrnts (d) Rc~ulali(lns of II1JD M'i.TChiQ", In many cm:Ulll..'\tancCs n:gulallOos issued hy the Secretary will limn Lender's rights, In tht' case of paymmt ddaults, 10 require lI1Ulll'd]31t> paymen! m full and foreclose If not paid, This Secunly Ins!rullll.:n! does not authmize accch'rallon m forl'Closurt' if not pcnniuOO by rcgulallons of the Sluelary. (c) Morll.:.l:lI.:C N"ot Illsun'd, Borrowl'r agrees that If this Secunty Instrument and lhe NOlt' are nOI dell'rmined 10 he ellgihle for imurance under the Nallonal Housmg Act withm 60 days from the dale hereof, Lender may, at lis OpllOll, require lI11ml"l.llale payment in full of all sums secured by thiS Security Instrulllenl A Wrllten statement of any auth0rlzed agcnt of the Seul'tary dml'd suhsequcot 10 60 days from the date hl'reof, dechnmg to msUrl' II1IS SCCllfllY Instrument and the Note, shall be deemed conclusive proof of such inehglh]lllY, Notwlthstandmg thl' foregOIng, thlS option may not be exercIsed by Lender when lhe unavailahillty of imllrance IS solely due to Lender's fmlure 10 rcmll a lllongage insurance prl'mlUl1l to the Sl'crelary 10. Reinslalcmmt. Borrower has a nght to be remstatl'd If Lender has required ]mml,diate payment III full because of Borrower's failure to pay an amounl due under the Note or thts Securny Inslrument. This right applies even after fom:losuft: procl'edmgs an' insliluled, To remslate the Sn:uflty Inslrumen!, Borrowl'r shall lender m II lump sum all amounts reqUIred 10 bring Borrower's account curren! including, 10 the eXll'nt they are obligalions of llorrowl'r under t111s Secumy Instrument, foreclosure COSIS and reasonabll: anti customary allorneys' fees and e;o;:pensl'S properly associart'd wllh the forcclosure proccedmg. Upon reinstall'men! by Burrower, tll]S Security Inslrumen! a.lld the obllgallons lhat it st.'cures shall remain In effect as if Lender had oat required Ilnmediate paymenl III full. Howevcr, Lender IS nOl fequlft:d 10 pcnlll1 remstalemeOl If: (i) u::nder has accqned rdnstalcmenl after the comrnencemeOl of foreclosure proceedings wlthm two years inUl1l'diately pn'cl'ding the commencnnen( of a currem foreclosure proceeding, (II) rcinstalellleOl will preclude foreclosure on diffcrenl grounds In Ihe fumrl" or (]ii) H'lOstaleTllent will advl'rsdy affect the prionty of the lien cfl'aled by this SecurilY Instrument. II, Borrower ;-.,'ot Rdcascd; Forhe:lrancl' II} Lender 1\'01 a Waiver. ExtensIOn of the lime of payment or modlficat]on of amorllzatit)n of the sums secured by ]IIJS SeL'urilY Inslrumenl granted by LAnder to any successor 10 mtcrest of Borrower shall not operate 10 rdease the !labililY of thl' original Borrower or Borrower's sllccessor ;n illlerest Lender shall 1I0t be required to conunence procl'edmgs <Jgainst any successor in mlerest or refuse 10 e;o;:!Cnd time for pay men! or otherwisl' modify amunlza!!on of the sums secured by this Seeumy lns(ru~m by rcason of any demand made by the original Borruwer or Borrower's successors;n interest. Any forbearance by Lender m e;o;:en.:ising any nght or remedy shall not be a waIver of or preclude Ihe c;o;:crc]~ of any nght or reml-dy. 12, Sucn...><;."urs nnd Assi~ns Hound; Joint and Sewnll Liability; Co-Signers. The coven3ms and agreements of tillS Secunty Instrumr.:m shall bind and beneHI tilt: successors and aSSIgns of Lender and Borrower, subject to lhe prOVIsions of paragraph 9(b). Borrower's covenants and agm:mcnts shall be Joint and several. Any Borrower who co-signs this SeCUrity Instrument but does nOI exccute Ihe Note: (a) ]s co-signing Ih]s Security lnslrument only to mortgage, grallt anti convey that Borrower's interest ltlthe Property under the terms of this Sl'Curity Instrumenl, (b) IS nol personally obligaled 10 pay the sums secured by Ihis Set:urity Instrument; and (c) agrees that Lender and any olher Borrower may agree 10 extend, modlfy, forbear or make any accorrunodalions with regard to the terms of th]S Security Instrument or Ihe Note WIthout thai Borrower's consent, C-4RlPAI1S604101 ~ 1'1"",5018 1M"" t0ll. Bood591 PAG{ .178 . . LN# 00222043 lJ. Noticcs. Any nOllce 10 Borrower Inovidcd tor In thiS Sl'CurilY Instrument shall be given by delivenng II or by m:lltmg II by first class ffi.1il unless applicable Jaw rcquin.'5 use of another method. Thl: notice shall be dm:cled 10 the Propcny Address or :my Olher address Borrower designates hy nmice 10 Lender Any notICe 10 Lender shall be given by first class mail 10 Lender's address staled herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be dCl'mcd 10 have bcen given 10 Borrower or Lender when gIven as provHJcd In this paragraph. 14. Go\'crning Law; ~\'('rl.lbility. This Secunty !nslruoll:nl shall be govt:rned by Federal law and lhe law of the jUrISdiction in which the Propcny is locau:d. In lhe cvcnllhal any provision or clause of thIS Security Instrument or the Nole conlllcts wllh applicable law, such connlCl shall nol afh:ct other provj~ions of this St'Cunly Instrumenl or the Note which can be gIven cHen wllhoul Ihe conl1icllng proVIsion To thlS cnd Ihe provisions of this SecurilY lnslrumcnt and the Note arc declared 10 he severable. 15, Borrower's Copy. Borrower shall he given one conformed copy of Ihe Note and of thiS Sl'Cunty Inslrument. 16. lJui'..ardolJs Substances. Burrower shall nOl cause or pc:rrtlllthr presence, use, disposal. storage, or release of any Hazardous Substances on or 111 the Propeny. Borrower shall nOI do, nor allow anyone else 10 do, anYlhll1g afkcting the Propeny rhal is 111 VIOlatIOn of any Emironmenlal La\\-. The prccedll1g 1.....0 sentences shall not apply to lhe prrscncc, U!.e, or slorage on lhe Propeny of small quantllies of Ha:z.ardous Substances lhat are generally recognlzl'd to hr nppropriale 10 normal re.sidcnllal uses and 10 mall1lrnancr of the Propeny. Borrower shall promplly give Lender vo'rlllen nollee of any il1\TSllgallon, claim, demand. lawsuit or other aCllon hy any governmcnta] or regulatory <lgency or pnva1e pany mvolving the Propeny and any Hazardous Substance or Emilronmenla] Law at' which Borrower has at:tual knowledge II Borrower karns, or is nOli lied hy any governmental or regulatory :\uthoTllY, rhat any removal or other remcdiation of any Haz.ardous Sunstances <lffl'Cung liIe Propeny IS nelL'ssary. Borrower snail promplly lake all nl\:essar)' remedial <!CtlOns 111 accordant!;: wnh EnVironmental Law. As used 10 this pmagraph 16, "Haz.."lrdous Sunstances" are those suhstances defined as IOxic or hazardous ~uh~lanCt.s by Environmental law and thr following substances: gasoline. kerosene, other llammahlt: or loxic pelrolcum products. tmul' pestICides and herbicides, volalllc solvents, materials contall1ing asbestos or formaldehyde, :md rHl.hoacllvt'mallTials. As used In lhis paragraph 16, "Envlronment<ll Law" means federal laws and laws of the jUTlsdiction where the Property IS located thai relate 10 h('a1lh, safelY or envlronment<ll protection. i\ON-t)NlfORM COVENANTS. HDrruwer and Lender furtht'r covmanl and agree as follows: 17. Assignlllt'1l1 of "-cnls. Borrower uncondltlOnally <lssigm and transfers to lender aJllhe renlS and revenucs of rhe ProperlY. BllrrOWer authnTlzes Lender or Lender's agents to collect Ihe rents and revenues and hereby dHeC!s each lmanl of lhe Propeny to pay Ihe rents to l1::nder or lender's <lgenls. However, pTlor 10 Lender's notice to Borruwer 01 BOTTowt:r's hreach of any covenant or agrel'lTIenl 111 lhe SeCUTlly Instrument, Borrower shall collt..'C1 and receive all rcnlS :md re~"Cnucs of the Propeny as trUSll.~ for the benefil of l1::nder and Borrower This a.%lgnmenl of rents cnnsl1lutes an ahsolUle assignment and nOI an as~ignmenl for addiuonal securi1y only. ]f Lender gives nollCe of hn:ach to Borrower. (a) all rents rect'jved hy Borrower shall he held hy Borrower as trustee for henefit of Lender only. 10 be applied !O Ihe sums securt:d by Ihe SeCUflty Instrument. (b) Lender shall be entitled to collect and reCClve all of the rents of the Property; and (c) each tenant of lhe Propeny shall pay all rents due and unpmd 10 l1::nder or lender's agent on under's wriuen demand to the tenam. Borrower has not execuled any poor assignment of Ihe rents and has not and Will nOI perform any aCI that would prevent Lender from exercismg lIS nghls under thIS paragraph 17. Lender ~hall nol be required 10 eOler upon, take comrol of or m31l1tall1the Propeny before or aller giVlOg notIce of breach 10 Borrower. However. Lender or a JudICially appoinled rrceiver may do so at any Ilmc there is a hreach. Any appltcallon of renls shall not cure or wal\'e any dcfauh or invalidate any other righl or remedy of Lender. ThIs asslgnmenl of rents of the Property shalllcrmmate when Ihe dehl secured by the Securily Instrument IS paId in full cQ-4RlPAI19(;04l01 . F"Il"SOfa '",,', tJl.L Bood591,1G( .179 . . .' IN# 00222043 18. FOl'("(:losurc Pro('t>dUrt. Ir L<<:nckr requirl.'.S immt'diMe pa)'ment io full under partlgrllph 9, Lendt'r may fOrL""lose this Sl"l'urily Inslrllmen! by judidal proret'ding. L~:l\dfl" ~hall be ('ntilled to l'oflecl 011 expenses iot'urn-d in pursuing the rl1Twdics prm'ided in Ihis pnragruph 18, induding, but not limited to, nllomeys' fees and (osts of title t'\'idcntt. If the l.l'n<kr's intttl'St in this Sl'l'urilY InslrUfIll'n1 is hdd b}' the St'Cretary and tbt ~rflaT)' requires imnlt'dialc paymenl in rull under Paragraph 9. I he Sl'tTl'tary Inay inmke the nonjudicial POWfl' of sale provided in the Single Fnmil)" l\'fortg.lge f'on--closurc AN of 19!14 ("Act") (12 V.S.C. 375] er seq.) by requesting a fnn-closun: l'OImnissioner dc~;igna(l-d umkr ,he Ad to rflnUnt'n('(' rort'Closurc and 10 sell the Properly as provided in tht' Ad. NHlbing in tht pn'(:cding M:n(cm:~ shall dt'prin the St.'('n.'tary of any ri/::hl5 olher-wise u\'ailllhll' to a Lendl'r under Ihis Paragraph IS or applil.:ab!c law.' 19, Rckas~. Upon payment of all sums seeureu by this Security InSlrt.lmCnl, this Secumy Insnument and the cslatC' conveyed shaH lel"mm<l\l: and bl'eume void. After slleh oecurrenct', Lender shall discharge and S211sfy ltll~ Security Inslrumcnl Wilhout charge ~o Bonower, Borrower shall pay any recoruallon costs. 20. Wah'crs, Borrower, 10 (he extent penn!Hcd hy appllcilblc law, waIves and releases any error or defeels In proceedings 10 cnfOH:t' IhlS Secumy Inslrument, and hereby wO\\\,cs Ihe henl'fl1 of any present or fulure laws provaJing for S1<Iy of t:JlceU!lon, exlenSl(Jn of lime, exempllon from allachmenL levy and sale, and homesleaJ l'xemption. 21. J{l.'ins\<ltl'lfll'lJl Period, Borrower's tlml' l() relnslale provided In paragraph to shall O,lend to one hour prior 10 the wmmenct:ment of hlllding al a sheriffs sale or olher sale pUrSUOlnllO lhi~ Sr:eurity Instrument. 22. PUrl'hUSl' MOlll'}' .'\-forlgagc, If any of [hr: tlebt $~curcd hy It\\$ Sccurily Inslrumenl IS lent 10 Borrower 10 :l.Clluirl' IIIIc 10 Ihe Proprny, this SecurilY Instrunli:nl shall be a purchase money mortgage. 23. Interest Ratl' Afll'r Judgmenl. Borrower <lgfCtS Ihal1h(' il1lt'rCSI f:lle paY:lbk after:l Judgment is entered on lhc NOle Of In an aClion of mortgagl' foreclosure shall he \h~ ratc payable fwmlimc lO limc under Ihe Nole 24. Riders 10 Ibis St....Urlly Jnslrumcnt. If one or more TIllers a(c e;o;et:\ltcu hy BOJrower and recorded together wllh IhlS Serum)' Instrument. lhl' COVl'nants of each such rjder sh;'llJ be incorp<.)fl\\eJ m\o and shall amend and supplemen\ the cO\'l.:nants and agreemenls of IhlS Sl'rUrJlY Inslrument as Jt' lhe ndcr(s) were.. p..rt of this St.'l'unly Instrument. lChcck applica\'l\c \)OJ.(cs)). o Condominium Rtdcr o Planned Unll DevcJopmclll Ridcr o GrowlOg Equil)' Rider o GratlUalcd Paymcfll Rider [XJ Olher (speCify} legal Oescnpt lon Q-4RIPAl196G4101 ~ P.ga7<l111 In'lllls~ ~~d591f11lt ..180 . . LN# 00222043 BY SIGNING BELOW. Borrowcr accepts and agrees Hl \h~ terms con\amrd In thiS Security Instrument and 10 <my noer(s) executed by Borrower and recordt"d with II. Wmwsses" known 10 me (or smisfaclonly pr~o be person .....hose name u..o subs.cnbed \0 the wnhm Instrument and acknowleused thai h~ cxecutt.>d the same for lhe purposes herem contamed. IN Wl1NESS WHEREOF, J he-rCUnlo set my hand and ornc~ID se~Lr6 My Comnusslon ExpIres . . 11 ~ lR. . UA 0 \QPo~f(r ~ ,,"''':j,:~(',1;;;:... ,,,~,...~ . ~",'t..... "'_ " !it.l::"I.~~~~t,~~O'. -...",~.. I'~ -,"..'""".",.........f.> . .....t.---:t:..."'.. ... . ."'1;~-"':-'""'i:.~~.?:", ,.-1ii. ....r:.~ ".- ",,~:a i crt! l' ':~:it'r,-, -< i'~ &~~ "1f;/i1:!. ~~'l~<. ~~..~~ ""~'\. 49>:~ ."tJ'V' ~' tr\~c.,.~~l'U ~'~,I"" ,)o"",.lf#<<~t\I... a),w41J~01i)c-c -HOrrOWl'f .Bflrr\l"'~l .Bpr/(lwer CerlifiC3te or Re<;jekuct' I. Jo.me;; 1). r=loUjt( J<. the wilhin.n.Ullt'd u:odeT IS 523 Fe 110wshlD Rd. 7th Wilnt'~~ my hand this day of co~n10"'WF.A. L TIJ OF l'Er-.-!'iSYL VANIA. On ,h". rJ ih d,," oUC\Y1.u..ClJu.x personallyappearl'd N1Cole l..L~t-l~la U NOTARIAL SUl. -meA L UJl!Y. ~'Y P\l~ Southampton Twp., Cumbol"kmd Ccl. PA My Cornm11,l;Ion Upire1 A...g. 17,2002 Q-4RIPA) r9~41 01 . ~k #,'ML,.1 & N1cole L. Letlzla /( (SeID) .Bmrnwer _(Seal) -&nrruwer (Seal) (Seal) .B~'n\w;tr (St'(Il) (Seal) .!lnrrow('( (Seal) _~_~__~\Seal) -Bi\'''lWer , do hl'n:by certify lhm [he coneel "ddress ot" Mt. Laurel.. NJ 08054 JanU(lry 2000 ~:Jc Agtnl of LcI1<l~r County ss: . ;;l000 , before me, the underSIgned officer. PO\le8018 BOid59111GE j81 . . DESCRIPTION OF REAL ESTATE ALL THAT CERTAIN tract of land situate in the 5th ward of the Borough of Carlisle, Cumberland County, Pennsylvania, bounded and described as follows: BEGINNING at a point 78.00 feet from the northeastern corner of Franklin and "G" Streets at the dividing line of Lots 1 and 2 as shown on the hereinafter Plan of Lots; thence along Franklin Street, South 15 degrees 39 minutes 58 seconds West, a distance of 78.00 feet to a point at "G" Street; thence along "G" Street, South 74 degrees 20 minutes 02 seconds East, a distance of 100.00 feet to a point at lands now or formerly of Jeffrey D. Hubert, et ux; thence along said lands, North 15 degrees 39 minutes 58 seconds East, a distance of 78.00 feet to a point at the dividing hnes between Lots 1 and 2 at the hereinafter mentioned Plan of Lots; thence along said dividing line, North 74 degrees 20 minutes 02 seconds West, a distance of 100.00 feet to a pOint, the Place of BEGINNING. BEING Lot No 1 on a Final Minor Subdivision Plan of the Dennis E. Yeingst property dated July 9, 1999 and recorded in the Recorder of Deeds Office, Cumberland County, Pennsylvania, August 25,1999, In Plan Book 79, Page 94. BEING the same premises which Dons L. Yeingst, single person and Dennis E. Yeingst, Trustee, in Trust for the benefit of Abigail E. Yeingst and Logan G. Yeingst, minors, by Deed dated January 7, 2000 and recorded Simultaneously hereWith, in the Office of the Recorder of Deeds, in and for Cumberland County, in Deed Book , Page __, granted and conveyed unto Nicole L. Letizia, Mortgagor herien Bood591 fAGE .182 . . ADJUSTABLE RATE RlDER LN# 00222043 fHI\C'5t NIl -I 441-618055~ TillS ADJUSTABLE RATE RlDER IS made: this 7th day Q( <January 2000 ,and IS inrorporalcl.l inlo and sh<lll be dCt'med 10 amend and supplcmc~\ me Mongagc. Deed of Trust or Secunty Deed ("Security Inslrumcm") uf the same dale given by the undctsi~l\cl.l ("Borrower") to st'Curc BarTower's NOlr ("NOlC") 10 EQUl ty One. Incorporated. a Pennsylvanla Corporatlon (the "Lender") of the same datt: ami '(WeTlllg Ihl.: f'wpnly lh:stnbcll m the St'curil)' Inslrumcnl and locmcd al: 110] FranklIn Street.CarllslePA 17013 fPrupeny Addrt~sl 1HE NOTE CONTAINS PROVISIONS AllOWING FOR CHANGES IN THE INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE AMOUNT THE BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY, ADDITIONAL COVEI\'A!\TS, In ;lddtlion to the covenants and 3grt'eJnenls made In the Securny In~trument, Borrower and Lender further (ovcnanl and agn..'t: as. follows.: lJ','"T"EREST RATE AND :\10NTH1,Y PA)(~1ENT CHANGES tA) Chungc Date The inlt'rcsl r\l.lt' may change on the lirst day of _Apn 1 2001, and Oll thaI day ot' t',lCh S.U(Ctt:olng year "Changc Dale" means cach oate on Whll;h lhc IlllCrest ralc could change. (ll) The Index Beg1l1r:ing \Vllh the nrH Cl'tanl1c Date, me imen:s; rate wlil be ba.~ed on an Irldcx "Index" means the weekly average Yldd on UnJled SlatCS TrGl.';ury Set:uriucs "dJus1.cd \0 a constant malUrJlY of one year, as made avaIlable by lhe federal Rcsl.:(ve Board. "Current Index" means the moS.1 n;cent Index figure avaIlable 30 days before the Change DatI,;. If lhe Index (as definl-d abOVe) IS no long.er a\'i..llabh:, Lender w,\luse as a new Judex any index prescnbed by the Secretary As USt'd in lhis Rider, "Secretary means the Secretary of Housmg and Urban Dcvdopmenl or his or her deslgnee.~ Lender WIll gl\'e Borrower nOllce of the new Inde"', FIlA ~lultbl11le ARM Ridfr. 10/95 ~~591U (9705, p~gellJl of 3 MW 05197 VMP MQ'i\IGAGE FORMS Il"1ihil'S_~ . ~800l521.7291 \\11111111111111111111111111\1111\ eod5e1f~ .183 . . . (C) C:Jlculnlion of 'nhnst Rule Chunges Before cach Cnangc Dale, Lender w]ll calcuJ31c II new Jm~rcs( rale by adding a margm of Two and Three I Quarters percemagc pmm(s) ( 2.7500 %) to the Current Index and rmlndlng lhe sUm 10 Ihe nc.HeSI one-eIghth of one percentage point {O 125%). Subject 10 the I1mils st.1!ed in paragraph {OJ of this Rider. Ihis rounded amount will be (he new imcres\ falC \lnl.illhe next Change Date. (I)) Limits OJ) Interest Rale Chunges The cxisling intt:resl nile WIll never tnuca.~e or dcr.:rl:as.c by mm~ than one perlTn\Olge pollll (l.O%) on any smgle Change Dale. The altereSl rale wdJ I1CVt:T he more than live peTecnlagl' palllls (:5 0%) higher or lowr;r Ihan the inllla! interest ralC, as staled In Paragrilph 2 of the NOle tE) CulcuJalJon or Pa)'mcnl Chllngc If lhe tnleres! rate: chall~,c:s on a Changt: Datt:, Lender wJ!1 cakulate lhl: amount of nJomhly payment of pr\l\CiP:l! :md mtere!'.t which would be nn::essary 10 repay the unp<lld principal halance In full at the MmurilY Dale al lhe nt'w lntc:rt:SI rate through substantially l'qual paYlnents. In making such calculation, Lender Will use the unp.<ud princtpal halance whlc.h \I.'oold be O\\'ed on Ihe Change Date If there had been no dcfauh 10 payment on Ihe Note, reduced oy the amount of any pn:paymenls 10 pnncipal. The resuli of thiS calculation Will be: the amount of tht: new monthly payment of pnnClpal and tnv.:r(;sl. If) Kofice of Cbunges Lender WIll give nallcc to norrowt:r of any chang" In Ihe Interest nile and monthly payment amount. 11\e lImice must be given 31 \loasl 25 days before the nelv mOnlhly p3)'melll amounl IS due, and must set fonh (I) the dale of Ihe nemee, (Ii) the Change: f)3Ie, (IIi) Ihe old lI1ten:st rail', (iv) the new inte:resl rau.', (v) Ihe new monthly payment amoUl\l, ~Vl) the CUm:m Indn ,md Ihe dale II was puhllsh(.'d. (VII) Ihe method of cakulatmg the l:hange: in monthly payment amount, and (VlIl) any olher mformatlOn which may be rt:qulTl.:d by law from time 10 time. (G) Errl'('"tj\'C D3le of Change> A new intt'resl. rate calculated in accordance wilh paragraphs (C) and (D) of Ihis Rider will heemuc effecll\'c 01\ the Change Dalt. Borruwer shall make a payment JIl thc new monlhly amount hegmnmg on the first paYll1em dale whIch occurs al leaSI 25 days after Lender has gi\'en Borrower the net ice of changes requtred hy paragraph (F) of thiS Rider Borrower ~hal( have no obligation 10 pay any lIlcr(.'ase In Ihe monthly paymmt .1Inount calculated in aClordance with paragraph (E) of IhlS Rider for any payment date occurring less than 25 days alkr Lender has given the required nOllee. If the mOnlhly payment amount calculated HI accordam;:t; wnh paragraph (E) of thiS Rider decreased, hut Lender failed to gl\le limely nOlice of Ihe decrease and Borrower made any monthly payment amOLl/lIS exc(.'eding the paymrnl amount whIch should have heen Slated in a timely nolice, then Borrower has the o~lon lQ nlher (I) dem:md the return to Borrower of any excess payment, WIth imen:sl thereon at Ihe NOle rllle (a (ale equal to Ute imeresl rale whIch should have been Slated In a tllndy oOlice), or (Il) requcsI Ihal any excess paymer'll, wllh lIltereSI therc<1n al. Ihe Noll:' [ale, be apphed as paymtnl of pnm:tpal. Lender's ohligation 10 relurn any excess payment with interest on demand is not assignable even if the Note is olherwlsc a~slgned before !.he demand for retUrn is made. ,\\ I lnl!lals;~ 4Q.591U(97051 $ Page 2 of J 80ud5911AGE .184 . . BY SJGN1NG BELOW, Borrower acccpls and a~rces \0 the terms and covcn.:mts CQnt,unt'O 1Il thIS Adjustabk Rate Rider. (Seal) -Bormwn ~~~_(scal) r~lcole L Let12la -!lOITOWtl (Selll) __ ___ (Seal) -Borrower -U('fI"UWt. (Seal) lSeal) -HuuO"'tr il"rro"'et (Scal) _~ISeal) -Bon(lwn -Borrower C.591U (970S1 . Page:1 oj:3 BOod591/AGE.185 Sl21e of Pennsy!varlla 1 86 COUf\'V 01 Cumberland D d ReCDrded l~he office tor the tecordlng of ee s ^'~(Id berland County. fta, JJ. E:... B ~v l_Pa ew.::f In . ~ \ f 0- C 01' Wltl'l!:oS V han ~ 0 Cadl!.\e. PA trns day ~ VERIFICATION Cindy A. Smith , Assistant Secretary, and duly authorized representative of Plaintiff, deposes and says subject to the penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities that the facts set forth in the foregoing Complaint are true rrect to his information and belief ~ -p G> lrt \- ~ !f\ Vl. ....0 (/ , ""<;:) ~ p ~ - - - 7: If'1 -E S ~;y3\:?\ ~> <I; :.< c: ~;:; ;:-'> 7$ r:.~~ ~'i' :2 .-' ..:-;-? c-:"> .:..:0" ~ ~'" ::.0 '" -- o -n ---' :C:..,-, (1' I;:::; -Do:) ::-....}..{ .c.:) ;..) _.,~,t~. ~ ~,-- ~-t1 'r' '" ("), ~;:r.n o .... .~ --0 :J;: '-:? <P <.f\ Q /---- SHERIFF'S RETURN - REGULAR CASE NO: 2005-01504 P COMMONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND CHASE HOME FINANCE LLC ET AL VS LETIZIA NICOLE L GERALD WORTHINGTON , Sheriff or Deputy Sheriff of Cumberland County, Pennsylvania, who being duly sworn according to law, says, the within COMPLAINT - MORT FORE was served upon LETIZIA NICOLE t e DEFENDANT , at 1145:00 HOURS, on the 28th day of March , 2005 at CUMBERLAND CO SHERIFF'S OFFICE ONE COURTHOUSE SQUARE CARLISLE, PA 17013 by handing to NICOLE LETIZIA a true and attested copy of COMPLAINT - MORT FORE togethe with and at the same time directing Her attention to the contents hereof. Sheriff's Costs: Docketing Service Affidavit Surcharge 18.00 .00 .00 10.00 .00 28.00 So Answers: --,?'i:::~';"' ....~ /~'. .:,.P'"' .J.;""':;'-""'A.?~,::>.t.::~~",- ~~~-P 'I ,<Y.....;...o;'/ ""/ R. Thomas Kline 03/28/2005 GRENEN & BIRSIC Sworn and Subscribed to before By: me of A.D. .~~ i' .. IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION CHASE HOME FINANCE, LLC, s/b/m/t Chase Manhattan Mortgage Corporation, NO.: 05-1504 Civil Plaintiff, vs. ISSUE NUMBER: NICOLE L. LETIZIA, TYPE OF PLEADING: Defendant. PRAECIPE FOR DEFAULT JUDGMENT (Mortgage Foreclosure) FILED ON BEHALF OF PLAINTIFF: I hereby certify that the address of Plaintiff is: Chase Home Finance, LLC, s/b/m/t Chase Manhattan Mortgage Corporation 3415 Vision Drive Columbus, OH 43219 COUNSEL OF RECORD FOR THIS PARTY: the last known address of Defendant is: Kristine M. Anthou, Esquire Pa. I.D.#77991 1101 Franklin Street Carlisle, P A 17013 GRENEN & BIRSIC, P.C. One Gateway Center 9 West Pittsburgh, P A 15222 (412) 281-7650 GRENEN & BIRSIC, P.C. J ~ JL i il ~({{ / i'lct_. Attorneys for Plaintiff ," IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION CHASE HOME FINANCE, LLC, s/b/mlt Chase Manhattan Mortgage Corporation, NO.: 05-1504 Civil Plaintiff, vs. NICOLE L. LETIZIA, Defendant. PRAECIPE FOR DEFAULT JUDGMENT TO: PROTHONOTARY SIR: Please enter a default judgment in the above-captioned case in favor of Plaintiff and against Defendant, Nicole Letizia, in the amount of$74,868.81, which is itemized as follows: Principal Interest to 5/3/05 Late Charges to 5/3/05 Escrow Deficiency to 5/3/05 Corporate Advances Attorneys' fees Title Search, Foreclosure and Execution Costs $67,799.20 $ 1,856.68 $ 128.21 $ 1,266.09 $ 68.63 $ 1,250.00 $ 2.500.00 TOTAL $74,868.81 with interest on the principal sum at the rate of$IO.22 per diem from May 3,2005, and additional late charges, additional reasonable and actually incurred attorneys' fees, plus costs (including increases in escrow deficiency) and for foreclosure and sale of the mortgaged premises. GRENEN & BIRSIC, P.c. BY: ~,1 ~/uU( l. ,eJ1UU<-A (It {~L Kristine M. Anthou, Esquire Attorneys for Plaintiff AFFIDAVIT OF NON-MILITARY SERVICE AND CERTIFICATE OF MAILING OF NOTICE OF INTENT TO TAKE DEFAULT JUDGMENT COMMONWEALTH OF PENNSYLVANIA ) ) SS: COUNTY OF ALLEGHENY ) Before me, the undersigned authority, a Notary Public in and for said County and Commonwealth, personally appeared Kristine M. Anthou, Esquire, attorney for and authorized representative of Plaintiff who, being duly sworn according to law, deposes and says that the Defendant is not in the military service of the United States of America to the best of her knowledge, information and belief and certifies that the Notice of Intent to take Default Judgment was mailed in accordance with Pa. R.C.P. 237.1, as evidenced by the attached copy. J1"J.I "JL ( /-:-ilC~ C.,{j,-" '( ~ ( Sworn to and subscribed before me ? cI 'Il./ .. this :J day of f r (eLi , --") t ,2005. '1;l.Xa"( Notary Publici /"-", . If tL" ( &cl"- (I C~J~v1MONWEt\L H1 OF PENNSYlVAN!.-, ! Notarial Seal ~ ~-- G. Blazina. Notary p;' :: .~ .:burgh, Alleghen:" (: _,;;:,jon Ex!:,ires ,J __ , . tit IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA . CHASE HOME FINANCE, LLC, s/b/m/t Chase Manhattan Mortgage Corporation, Defendant. ) CIVIL DIVISION ) ) ) NO.: 05-1504 Civil ) ) ) ) ) ) Plaintiff , vs. NICOLE L. LETIZIA, TO: Nicole L. Letizia 1101 Franklin Street Carlisle, PA 17013 DATE OF NOTICE: April 19, 2005 IMPORTANT NOTICE YOU ARE IN DEFAULT BECAUSE YOU HAVE FAILED TO ENTER A WRITIENAPPEARANCE PERSONALLY OR BY ATTORNEY AND FILE IN WRITING WITH THE COURT YOUR DEFENSES OR OBJECTIONS TO THE CLAIMS SET FORTH AGAINST YOU. UNLESS YOU ACT WITHIN TEN DAYS FROM THE DATE OFTHIS NOTICE, AJUDGMENT MAY BE ENTERED AGAINST YOU WITHOUT A HEARING AND YOU MAY LOSE YOUR PROPERTY OR OTHER IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT ONCE. IF YOU DO NOT HAVE A " LAWYER, GO TO OR TELEPHONE THE OFFICE SET FORTH BELOW. THIS OFFICE CAN PROVIDE YOU WITH INFORMATION ABOUT HIRING A LAWYER. IF YOU CANNOT AFFORD TO HIRE A LAWYER, THIS OFFICE MAY BE ABLE TO PROVIDE YOU WITH INFORMATION ABOUT AGENCIES THAT MAY OFFER LEGAL SERVICES TO ELIGIBLE PERSONS AT A REDUCED FEE OR NO FEE. Cumberland County Bar Association 2 Liberty Avenue Carlisle, PA 17013 Phone (800)990-9108 GRENEN & BIRSIC, P.C. By: ~.U-~~<- Attorneys for Plaintiff One Gateway Center, Nine West Pittsburgh, PA 15222 (412) 281-7650 ~ c~ ~B '4:- '" -D -J f. ~ -2 r 1,s-CJl- ~. ~ ~ ~ r o (.- .-'! ~ 'b'l q.. ~.~ '~_-0 _;;::. f~~~;, ~-J .j ~~ "--\'-~f, \: "" ~' ~~C?\ '''--} ':;:A -.;-,.- ')-1- <f\ ~ ..p ::::~. -~ .- .- .' ; .f.-, ~"., --'- -------- IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA CIVIL DIVISION CHASE HOME FINANCE, LLC, s/b/mlt Chase Manhattan Mortgage Corporation, NO.: 05-1504 Civil Plaintiff, vs. NICOLE L. LETIZIA, Defendant. NOTICE OF ORDER. DECREE OR JUDGMENT TO: Nicole L. Letizia 1101 Franklin Street Carlisle, PA 17013 ( ) Plaintiff (XXX) Defendant ( ) Additional Defendant You are hereby notified that an Order, Decree or Judgment was entered in the above captioned proceeding on J: / s: !OS ( ) A copy ofthe Order or Decree is enclosed, or (XXX) The judgment is as follows: $74,868.81 with interest on the principal sum at the rate of$IO.22 per diem from May 3,2005, and additional late charges, additional reasonable and actually incurred attorneys' fees, plus costs (including increases in escrow deficiency) and for foreclosure and sale ofthe mortgaged premises. ,---0~P .01;012/2<71..r- Deputy