Mortgage (Fannie Mae Or Freddie Mac Uniform Instrument) {3033} | Pdf Fpdf Doc Docx | New York

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Mortgage (Fannie Mae Or Freddie Mac Uniform Instrument) {3033} | Pdf Fpdf Doc Docx | New York

Mortgage (Fannie Mae Or Freddie Mac Uniform Instrument) {3033}

This is a New York form that can be used for Mortgages within Statewide, Real Estate, Title.

Alternate TextLast updated: 5/2/2006

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_______________________[Space Above This Line For Recording Data]________________________ MORTGAGE WORDS USED OFTEN IN THIS DOCUMENT (A) "Security Instrument." This document, which is dated , will be called the "SecurityInstrument." (B) "Borrower." Whose address is , sometimes will becalled "Borrower" and sometimes simply "I" or "me." , (C) "Lender."will be called "Lender." Lender is a corporation or association which exists under the laws of . Lenders address is .(D) "Note." The note signed by Borrower and dated , will be called the "Note."The Note shows that I owe Lender Dollars (U.S. $ ) plus interest.I have promised to pay this debt in monthly payments and to pay the debt in full by .(E) "Property." The property that is described below in the section titled "Description of the Property," will becalled the "Property." (F) "Sums Secured." The amounts described below in the section titled "Borrowers Transfer to Lender of Rights inthe Property" sometimes will be called the "Sums Secured." BORROWERS TRANSFER TO LENDER OF RIGHTS IN THE PROPERTY I mortgage, grant and convey the Property to Lender subject to the terms of this Security Instrument. means This that, by signing this Security Instrument, I am giving Lender those rights that are stated in this Security Instrumentand also those rights that the law gives to lenders who hold mortgages real on property. I am giving Lender theserights to protect Lender from possible losses that might result if I fail to: (A) Pay all the amounts that I owe Lender as stated in the Note; (B) Pay, with interest, any amounts that Lender spends under Paragraphs 2 and 7 othis Security f Instrument toprotect the value of the Property and Lenders rights in the Property; and (C) Keep all of my other promises and agreements under this Security Instrument. NEW YORK - Single Family - FNMA/FHLMC UNIFORM INSTRUMENT Form 3033 10/91 Page 1 of 10 Initials:__________ <<<<<<<<<********>>>>>>>>>>>>> 2DESCRIPTION OF THE PROPERTY I give Lender rights in the Property described in (A) through (G) below: (A) The Property which is located at , [Street] , New York . This Property is in [City] [Zip Code] County. It has the following legal description:(B) All buildings and other improvements that are located on the Property described in subparagraph (A) othisf section; (C) All rights in other property that I have as owner othe Property f described in subparagraph (A) othis section.f These rights are known as "easements and appurtenances attached to the Property"; (D) All rights that I have in the land which lies in the streets or roads in front of, or next to, the Property describedin subparagraph (A) of this section; (E) All fixtures that are now or in the future will be on the Property described in subparagraphs (A) and (B) of thissection; (F) All of the rights and property described in subparagraphs (B) through (E) of this section that I acquire in thefuture; and (G) All replacements of or additions to the Property described in subparagraphs (B) through (F) of this section.BORROWERS RIGHT TO MORTGAGE THE PROPERTY AND BORROWERS OBLIGATION TO DEFEND OWNERSHIP OF THE PROPERTY I promise that: (A) I lawfully own the Property; (B) I have the right to mortgage, grant convey the and Property toLender; and (C) there are no outstanding claims or charges against the Property, except for those which are of public record.I give a general warranty of title to Lender. This means that I will be fully responsible for any losses Lenderwhich suffers because someone other than myself has some of the rights in the Property which I promise that I have. Ipromise that I will defend my ownership of the Property against any claims of such rights. PLAIN LANGUAGE SECURITY INSTRUMENT This Security Instrument contains promises and agreements that are used in real property security instruments allover the country. It also contains other promises and agreements that vary, to a limited extent, different in parts ofthe country. My promises and agreements are stated in "plain language." Page 2 of 10 Initials:__________ Form 3033 10/91<<<<<<<<<********>>>>>>>>>>>>> 3 COVENANTS I promise and I agree with Lender as follows: 1. BORROWERS PROMISE TO PAY I will pay to Lender on time principal and interest due under the Note and any prepayment and late charges dueunder the Note. 2. MONTHLY PAYMENTS FOR TAXES AND INSURANCE (A) Borrowers Obligations I will pay to Lender all amounts necessary to pay for taxes, assessments, water frontage charges and other similarcharges, sewer rents, leasehold payments or ground rents (if any), hazard or property insurance covering theProperty, and flood insurance (if any). If Lender required mortgage insurance as a condition of making the loan thatI promise to pay under the Note, (i) I also will pay to Lender all amounts necessary to pay for mortgage insurance,and (ii) if, under Paragraph 8 below, instead of paying for mortgage insurance I am required to pay Lender anamount equal to the cost of mortgage insurance, I will pay this amount to Lender. I will pay all of these amounts toLender unless Lender tells me, in writing, that I do not have to do so, or unless the law requires otherwise. I willmake these payments on the same day that my monthly payments of principal and interest are due under the note.My payments under this Paragraph 2 will be for the items listed in (i) through (vi) below, which are called "EscrowItems": (i) The estimated yearly taxes, assessments, water frontage charges and other similar charges, and sewer rents on theProperty which under the law may be superior to this Security Instrument as a lien on the Property. Any claim,demand or charge that is made against property because an obligation has not been fulfilled is known as a "lien";(ii) The estimated yearly leasehold payments or ground rents on the Property (if any); (iii) The estimated yearly premium for hazard or property insurance covering the Property; (iv) The estimated yearly premium for flood insurance covering the Property (if any); (v) The estimated yearly premium for mortgage insurance (if any); and (vi) The estimated yearly amount I may be required to pay Lender under Paragraph 8 below instead of the paymentof the estimated yearly premium for mortgage insurance (if any). Lender will estimate from time to time the amount I will have to pay for Escrow Items by using existingassessments and bills and reasonable estimates of the amount I will have to pay for Escrow Items in the future,unless the l

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