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Home My WebLink AboutHousing And Neighborhood Development Department Housing Rehabilitation Program Augusta Richmond GA DOCUMENT NAME: \-lOU:;' ::) O'J~cl D~;~"bor'hood bevelo{>n'W){ \--\O~, :J '~eh"'-o. \ .-0, D,", V~:r"'l'1 DOCUMENT TYPE: \)c:.-e~ \:)e..pCtrtrn e" t:. YEAR: 02.. BOX NUMBER: \ '{ FILE NUMBER: 1042-8 NUMBER OF PAGES: ~ . 1\ ;. t WHEN RECORDED, RETURN TO: HOUSING AND NEIGHBORHOOD DEVELOPMENT DEPARTMENT HOUSING REHABILITATION PROGRAM I lOTI! ST SUITE 430 AUGUSTA, GA 30901 Subordination of Mortgage/Deed of Trust Whereas, Housing and Neighborhood PeveIopment Department Housing Rehabilitation Program (hereinafter called "Mortgagee"), has as interest in the following property located in the Borough of Augusta, County of Richmond and State of Georgia described as follows, to wit: SEE EXHIBIT A Commonly known as: 129 GREENE ST AUGUSTA, GA 30901 Pursuant to the tenns of a certain mortgage dated October 7, 1998 and recorded November 30, 1998 at Book Number 621 at Page 863 in the amount of $ 22,019.00. WHEREAS, Janet M. Gray whose address is 129 Greene St. Augusta, GA 30901 (hereinafter called MortgagorlBorrower) have applied to MidFirst Bank (hereinafter called "Lender) for one note, not to exceed the amount of $ 34,872.00 to be secured by a first real estate mortgage on the above describe.d property, and whereof is hereby acknowledged, and undersigned Mortgagee does hereby subordinate to Lender, It is further agreed that Lender is MidFirst Bank, is relying upon this subordination in the above described mortgage transaction and that the Lender's mortgages when executed shall be secured liens on the above described property prior and superior to the interest of Mortgagee not withstanding the date of execution, the date of recording, or date of disbursement of funds by the Lender. And it is further agreed thljt Mortgagee hereby assumes no personal liability to Lender and that Lender shall give written notice to mortgagee by certified U.S. Mail at least 15 days prior to the exercise of its right to foreclose by sale at the address herein ~bove designated or to such other address as may hereafter be designated or to such other address as may hereafter be designated in writing. Mortgagee shall have the right, but not the obligation, to cure any default of the MortgagorlBorrower. The Mortgagee represents that they have not sold, assigned, conveyed, or agreed to sell, assign or Convey to anyone the Mortgagee's interest in the above described Mortgage and that said Mortgage is Presently in effect and not now in default by either the Mortgagee or the MortgagorlBorrower. Witness the due execution hereof this 6th day of November ,2002. gee: ~ej ~fJ, t.;~~ .fi)~ ~II ':"'f t.1Je.'rk~i.-lA!"~~ ~~ State of Georgia County of Richmond Datedj}iNflIIld II ~Ptd The foregoing instrument was acknowledged before me this / /~ day of .m18.w~ by 2002 My Commission expires: Notary Public. Richmond (;~:~i1::'. C~;~;.:::~ t.1y Comm\IIIOn ExPires J.n. ~, ~l~:.' " Notary ~ -JNh1d Co My Commlsalon i:\-....... IJnty, Georgia .....""..$ Jen. 4. 2005 ) \ ; ; EXHIBIT A ALL THAT LOT OR PARCEL OF LAND WITH IMPROVEMENTS THEREON, SITUATE, LYING AND BEING IN THE CITY OF AUGUSTA, RICHMOND COUNTY, GEORGIA, FRONTING 41.29 FEET, MORE OR LESS, ON THE NORTH SIDE OF GREENE STREET AND BEING MORE PARTICULARLY DESCRIBED ON A PLAT OF RECORDING IN THE OFFICE OF THE CLERK OF SUPERIOR COURT OF RICHMOND COUNTY, GEORGIA IN REALTY REEL 158 AT PAGE 215 TO WHICH PLAT REFERENCE IS HEREBY MADE FORA MORE PARTICULAR AND ACCURATE DESCRIPTION OF THE METES AND BOUNDS AND LOCATION OF SAID LOT, PROPERTY HEREIN IS KNOWN UNDER THE PRESENT SYSTEM OF STREET NUMBERING AS 129 GREENE STREET, AUGUSTA, GEORGIA. 1ii;ffl;:' . ..... '..r ,;, k~i; ';;\t~li(: ':'j::" ). :t~;'}1!.~~:':: "'j;;';;'., . . , ;.::::~,q'l' ;;. r' .::'i:;~;~'~ . ': ::';C.,::{;'.:. . ";:::::,:!,,,. .:; .~~~f;WH~'i.:.: ""':::.::f.:'~ .. . :. :::; ~::,:.;;: :: .. . : ~; :::: :: :; ;:.::::: ::. . .:: ~::~.rr: : .... . . ...:;::;:;.: ';iiii!il\!> ' "'~:.:::i.;:' 'i;::.2:i' . . ;~~!~::~: . : a:':;. '::"H:: .;:.::.... . r'; :flif~' \Wjj.;:.: . :::i~:;'::;:'.. .. '::';;i,.; \ :.'J.. 08/13/02 I If~ 'if ~F,',':"~' V 100948660 GOOD FAITH ESTIMATE MidFirst Bank The information provided below reflects estimates of the charges that you are likely to Incur at the setllement of your loan. The fees listed are estimates - the actual charges may be more or less. Your transaction may not Involve a fee for every item listed. The numbers listed beside the estimates generally correspond to the numbered lines contained in the HUD-1 or HUD-1A Settlement Statement which you will be receiving at settlement. The HUD-1 or HUD-1A Settlement Statement will show you the actual cost for items paid at settlement. HUD-1/1A LINE AMOUNT ITEM 802 $ 1.551.56* Loan discount to MidFirst Bank 902 $ 509.54 * MI Premium 1101 $ 250.00* Settlement or closing fee 1102 $ 600.00 Abstract or title search 1108 $ 132.83 Title insurance 1113 $ 100.00 Subordination 1201 $ 40.00 Recording fees 1202 $ 99.62 City/county tax/stamps 1203 $ 6.50 State tax/stamps 1301 $ 50.00 Survey 1304 $ 14.60* Flood Certification $ 3.354.65 Total Items with (*) are shown on the Disclosure as Finance Charges. Use of the following provider(s) is required. Estimate is based on charges of the provider, The, lender. MidFirst Bank. and the service provider. Land America One-Stop Title Company. 101 Gateway Centre. 3rd Floor. Richmond. VA 23235-5153, (800)704-7047. DO have a business relationship. The lender has consistently used or required borrowers to use the services of the provider within the past 12 months. The provider is used for Appraisal/Title Insurance, Closings and Recordation. The', lender. MidFirst Bank. and the Flood Determination. Lereta Corp., 1123 s~uit~ark View Drive. Covina. CA 91724. (626)966-0616. DO have a business relationship. The lender ~o~t\ff~~ u\e~ or required borrowers to use the services of the provider within the past 12 months. Ir-' ::; , .,~ These estlmates are provided pursuant to the Real Estate Settlement Procedures Act of 1974, as amended (RESPA). Additional information can be found in the HUD Special Information Booklet, which is to be provided to you by your mortgage broker or lender, if your application is to purchase residential real property and the Lender will take a first lien on the property. Property address: 129 GREENE ST. AUGUSTA. GA 30901-1657 Proposed loan type: FHA STREAMLINE/BEFORE 7/1/91 Sales price of property: Proposed mortgage amount: Proposed interest rate: Number of payments: $ NA 3 4 .47 8 . 0 0 6 . 0 0 0 0 0 0 180 Estimated Payment Principal andlor Interest: $ Mortgage Insurance: $ Taxes and Assessments: $ Insurance: $ Other: $ Total Payment: $ 290.94 o . 0 0 1 0 . 5 6 19.50 o . 0 0 321 .00 A. Amount of this mortgage: $ B. Other financing: $ C. Other equity: $ D. Amount of cash deposit: $ E. Closing costs paid by seller: $ F. Oth~~ credits: $ ". G. Total (A+B+C+D+E+F): $ 3 4 . 478 . 0 0 o . 0 0 o . 0 0 o . 0 0 0.00 o . 0 0 34.478.00 H. Purchase price/payoffs: I. , Total est. settlement charges: J. Total est. prepaid charges: K. Total (H+I-hl): $ $ $ $ 3 1 , 223 . 9 4 2.845.11 509.54 34.578.59 Date: - G) $ 100 . 5 9 Authorized JANET M GRAY ISC/GOOD FAITH ESTIMATE-E1/0494/GFE(11-92)-L Page 1 of 1 I. Borrower and Property Infomation Uniform Underwriting and Transmittal Summary Borrower Name Co-Borrower Name JANET M GRAY 129 GREENE ST, AUGUSTA, GA 30901-1657 SSN: SSN: Property Address Property Type I2J Detached Housing o Attached Housing o Condominium o PUD 0 CO-OP app: 100948660 Project Classification D AIm Condo D E PUD 0 1 CO-OP D Bm Condo 0 F PUD 0 2 CO-OP o C/I Condo 0 m PUD Project Name Occupancy Status ~ Primary Residence o Second Home o Investment Property Number of Units Sales Price $ Appraised Value $ 1 37,677.00 't ~ _"!-:!. 'L ';' ~. ~.", ..';.:" ~~ ...-' . h'.,,:' J'_ -, .,. ~ ~ :J..; '".4.... . .; ..1 J.'; ~. ',' ,.' ';. . .,. '. .~. : .-. ~. ; ~ :tl:~~~.::., :\.~4 !l~~~:.~,,:~~i....~.~~i~;~'~* ;~ :~~i~:~':,. Loan Type D Purchase o Cash-Out Refmance ~ No Cash-Out Refmance Purpose of Refmance: CHANGE THE TERM OF THE LOAN Mortgage Originator ~own W Seller L.J Yes o Third Party ~ No Third Party Name: Loan Type D Conventional GJ FHA OVA o FmHA Amortization Type ~ Fixed-Rate -- Monthly Payments D Fixed-Rate - Bi-Weekly Payments D Balloon D ARM (type) D Other (specify) Note Information Original Loan Amount $ Initial P&I Payment $ Initial Note Rate Note Date Term (in months) 34,478.00 290.94 6.000 % 180 Lien Position ~ First Mortgage o Second Mortgage Amount of Subordinate Financing $ 0,00 If Second Mortgage Owner of First Mortgage o FalU1ie Mae D Freddie Mac o Seller/Other Original Loan Amount of First Mortgage $ Underwriter's Name Appraiser's Name/License # .::/ l~';.l' !~. ~'~. ..... _' . .';r. ;.. . 'd .. ~ -: ".. ..: . ~~\!~,: ~_ <.:... .J '. ,~... ~,} .... ~ ..:.. . 4~" " ...~: ':. ~L:.::tt.~' ~,::~{ ::..:, J h":.::~ :~ '.'"~":~ :-:~;:~:~ ~'. ;:.../ :"'. .....l.2.~ Borrower Total Appraisal Company Name Stable Monthly Income Co-Borrower Base Income $ Oilier Income $ Positive Cash Flow (Subject Property) $ Total Income $ $ $ $ $ $ $ $ $ Qualifying Ratios Primary Housing Expense/Income Total Obligations/Income Loan-to-Value Ratios LTV 92 TotalLTV 92 ---.!hQQ % ---.!hQQ % % % Qualifying Rate GJ Note Rate 6.000 % o _ % Above Note Rate o _ % Below Note Rate D Bought Down Rate D Other % % Underwriter Comments (If more space is needed, use page two) % % Proposed Monthly Payments Borrower's Primary Residence: First Mortgage P&I Second Mortgage P&I Hazard Insurance Taxes Mortgage Insurance Homeowners Association Fees Lease/Ground Rent Other Total Primary Housing Expense Other Obligations: Negative Cash Flow (subject property) All Other Monthly Payments Total All Monthly Payments $ $ $ $ $ $ $ $ $ 290.94 19.50 10.56 321.00 $ $ $ 0.00 321. 00 . _. <( "'~ ":'..11:. '._ ~ . --- .IV. Seller, Contract, and Contact Information Seller Name MidFi rst Bank Seller Address 11 001 N. Rockwell Ave. Oklahoma City, OK 73162-2722 ----<<~-..~.---L-- , Contact Name Contact Title Contact's Phone Number ex!. Seller No. Investor Loan No. Seller Loan No. 100948660 Contact's Signature Master Commitment No. Date Contract No. Type of Comminnent 0 Standard 0 Negotiated V. Delivery Data (Completion of this section is optional; however, the data must be transmitted on the applicable Fannie Mae or Freddie Mac delivery form when the mortgage is delivered for sale.) (See Fannie Mae lOO8A/Freddie Mac 1077A for a list of valid codes.) '. Borrower Information Property Information Number of Borrowers 1 Number of Bedrooms Borrower Age 59 Unit I Co-Borrower Age Unit 2 Are any of the occupant borrowers Unit 3 first-time homebuyers? 0 Yes 0 No Unit 4 Information for Government Monitoring Purposes Only Borrower Race Code ~ Borrower Gender Code Mortgage Insurance Mortgage Insurer (Ml) Code Certificate Number 2 Co-Borrower Race Code Percentage of Covera&L-, Adjustor Coverage L.J Yes 0.00 % ONo ISC/FHLMC-FNMA//0797/1077-1008 (03/97)-L Page I Gross Monthly Rents Unit I $ Unit 2 $ Unit 3 $ Unit4 $ Year Built 1955 Co-Borrower Gender Code Special Feature/Characteristics Codes Code I Code 3 _ Code 5 Code 2 _ Code 4 _ Code 6 Freddie Mac Form 1077 Fannie Mae Form 1008 3/97 3/97 \}1. Additional Delivery Data (Completion of this section is optional; however. the data must be transmitted on the applicable Fannie Mae or Freddie Mac deli-very form.when the mortgage is delivered for sale.) (See Fannie Mae 1008A/Freddie Mac 1077 A for a list of valid codes.) A. All Mortgages Loan Information First P&I Payment Date Current UPB $ Fannie Mae Only Assumable DYes D No Interest Only DYes D No Interest Only End Date FHAN A Section of Act Original Term (in months) Amortization Term (in months) Maximum Term (in months) Due Date of Last Paid Installment Freddie Mac Only Reduced Documentation Loan Feature Code Interest Paid-To-Date Note Maturity Date DYes D No B. Adjustable Rate Mortgages (ARMs) Loan Information Current Interest Rate % Current P&I Payment $ First Rate Change Date Mortgage Margin % Maximum Interest Rate % Minimum Interest Rate % Fannie Mae Only First Payment Change Date Original Index Value Lookback (in days) Rounding Feature Code D 027 (1/8%) D _ (negotiated commitment code) % Freddie Mac Only Next Rate Adjustment Date Next Payment Adjustment Date Is ARM Convertible? DYes D No Net Negative Amortization $ Periodic Interest Rate Cap DYes D No Rate Cap Percent Payment Cap Payment Cap Payment Cap Percent Rate Rounded Percent Rounded By % DYes D No D Opt D Man % DYes D No % C. Other Mortgage Programs Fannie Mae Only For Growing Equity Mortgages (GEMS): Percent of Increase % For Balloon Mortgages: Balloon Call Date ............... --.............................. --.................... --...........-.... -- ~...... --....................................................................................................................................... -.... Freddie Mac Only For Graduated-Payment Mortgages (GPMs): Yearly Payment Increase % For Equal 1M and Tiered-Payment Mortgages (l'PMs): Borrower's First Payment Change Date Borrower's Initial P&I Payment $ Yearly Payment Increase % For Affordable Housing Initiatives Program Mortgages: Down Payment Source Codes Amounts Closing Costs Source Codes Amounts Secondary Financing Source Codes Amounts $ $ $ $ $ $ $ $ $ $ Borrower Education Counseling Codes Administrator Codes Format Codes vn. Additional Underwriter Comments . .' '~"':I ,'>h";' -~", -.~..: ..'~ ,.' l.......;,:. ", ',":""~;""'p,......~~l'":.'.{;.:,'.;:~)~:~~~i.}:~.~~f~l;~~::;.:-:l~~~:;i:;~.~.~'f1:~_~~" :.!:~~~:;J"':'~'/\ -~_. .'. ~.. "..:..,;.. ,'.. 1~.I~~..~..:r .'..J..,....~.,.... ....'~:.;...'/~.,.~~~.':::l-:.:-'~~}X:..J;~j.li~S.,l:~~:~ii:~.~~.:;..:'t~::{[;~~~.. ISC/FHLMC-FNMA//0797/1077-1008 (03/97)-L Page 2 Freddie Mac Foml 1077 3/97 Fannie Mae Form 1008 3/97