90-18 Attachment - 89 Watchung Avenue-Mortgage Subordination Application Docs.pdf

Atfiow. Marires (Eecees— West Orange Housing Rehabilitation Program Application for WOHRP Mortgage Subordination Piaret Namie Birect Agdrese Phone yt Sendra 89 Weichuny Ave, STSARETIVS | Current Appraisal of Home ppraisor & Contact Person: Phong # Date. (Churest Appraised Vala j Gonnie Nach OU BZO1S- (260.D05.09 t Current Mortgage . Couent Monthly! : Cunent Mouyage | Contact & Pane are Yai Rate Years al vnc Anferest and ' Rokier Phone # v7 on mate ‘Signing ‘Balanve. Pracipal Payrcent ees2003 Wella Pemo Rank 1a3780.00 5.087 | 77,773.82 3978.00 Proposed Mortgage 5 Proposed. Proposed: Mostgage | Contaor& | PRPC | proposen | Proposed REPOS tonthly Interest Holdet Powe? | Amoumtol fiocrest Rate} Yeea | Metgige 1° og principal : Mortgage Signing Closing Date Payment : iparsoras | Habu ad a5 ar CRISIS BETS i Juicken Loan Inc, IAG i ‘or Township Use Only Dis appliediion wn athuchmenis Ye: _ ‘West Grange, Dept of Planniig & Deve Broposed Mortgage Lom Principal 66 Main St., 2nd FL as % of Current Vitiation, West Oruige, NY a7052 wer paid citzent i) A. pass ‘Documents to be returned with appheation : _ al! TN Very | carat frowaship tagpectios ah co Sianeal, 2. Mortgage Commattraent t Cads Violations _—- 2. (a) 3. Subordination documents : ‘OWwnship Adoracy Approval Ei 1 Ssigaed 4, Check to W Osange Tap. for Inspaction Fee i 3,Checkc to W, Drange Tw. for Progeasing For i iindpecton Fes $50 Pad Laas Signed Te proceeds of new mortgage Loan ure ro exceed current Hl S\\ \2 VD ptiocipal babinee, pleted ate aptenasion of ‘ ceasing Fee SIOM Paid Date nared proposed awe of thy proves, ‘ * Ali li o Vy foe epinice: 979-525-4710 om “Al af the taformailon in this apphestiok and ailachmenis ts frac to The best of iy knowledge. Trecognize thar] i witkfull pomemiaton of maccurits or misleading infgumation may led 1 default on my? West Gringo winge Housing :

SUBORDINATION AGREEMENT Loan No: 3396829564 This Agreement is made this 20, by Township of West Orange, whose address is (the "Lienholder"). WHEREAS the Lienholder is the holder of a mortgage/deed of trust/lien in the principal amount of $15,000.00 executed by Nelson B. Mejia and Sandra E. Mejia (the “Borrower’), dated January 29, 2004 and recorded on March 11, 2004, in Book 9630, Page 404, in the records of Essex County (“Lienholder's Lien”), covering the property commonly known as 89 Watchung Avenue, West Orange, NJ 07052-6006 (the “Property”) and legally described as: Situated in the County of Essex, State of NJ: (See attached Legal Description) Tax ID No.: Block 131 Lot 14 WHEREAS Quicken Loans Inc. intends to make a loan to the Borrower in a principal amount not to exceed $142,000.00 and dated on or about , 20 to be secured by a mortgage/deed of trust granted to Mortgage Electronic Registration Systems Inc., as nominee for Quicken Loans Inc., its successors and or assigns, covering the Property (“Quicken Loans’ Lien’), and WHEREAS Quicken Loans Inc. will only make the loan to the Borrower provided that Lienholder’s Lien is subordinate to Quicken Loans’ Lien, and WHEREAS Lienholder intends that Quicken Loans’ Lien be prior and superior to Lienholder’s Lien. NOW, THEREFORE, it is agreed that in consideration of one dollar and other good and valuable consideration, the adequacy and receipt of which is hereby acknowledged, Lienholder agrees to subordinate and make Lienholder’s Lien subordinate and junior in all respects to Quicken Loans’ Lien. Page 1 of 3

Loan No: 3396829564 Witnesses: Lienholder Signature: Signature Lienholder: Township of West Orange Printed Name Printed Name Signature Title Printed Name. STATE OF ss COUNTY OF On , 20 before me, (Notary Name), personally appeared (Lienholder Representative), personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signalure(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. (Notary Signature) Notary Public, County of » Acting in County. State of My commission expires This instrument drafted by and after recording return to: Davan Burnett Quicken Loans Inc. Subordination Dept. 615 W. Lafayette Detroit, MI 48226 Page 2 of 3

EXHIBIT A - LEGAL DESCRIPTION Tax Id Number(s): Block 131 Lot 14 Land situated in the Tewnship of West Orange in the Caunty of Essex in the State of NJ BEGINNING AT & POINT IN THE NORTHWESTERLY LINE OF WATCHUNG AVENUE, HEREIN DISTANT 325.00' AS MEASURED NORTHEASTERLY ALONG THE SAME FROM ITS INTERSECTION WITH THE NORTHEASTERLY LINE OF RIDGE AVENUE, AND FROM SAID POINT OF BEGINNING, THENCE RUNNING, N61 DEGREES 26 MINUTES 60 SECONDS W, A DISTANCE OF 100.00' TO A POINT, THENCE N 28 DEGREES 34 MINUTES 00 SECONDS E, A DISTANCE OF 50.00' TO A POINT, THENCE 5.61 DEGREES 26 MINUTES 00 SECONDS E, A DISTANCE OF 100,00' TO A POINT IN THE NORTHWESTERLY LINE OF WATCHUNG AVENUE, THENCE ALONG THE NORTHWESTERLY LINE OF WATCHUNG AVENUE, $ 28 DEGREES 34 MINUTES 00 SECONDS W, A DISTANCE OF 50.00" TO THE POINT AND PLACE OF BEGINNING. CONTAINING 0.1148 ACRES OF LAND, MORE OR LESS, AS SURVEYED BY SCOTT C. WILLARD, PLS. THE ABOVE DESCRIPTION WAS WRITTEN IN ACCORDANCE WITH A SURVEY PREPARED ON MAY 7, 2003 BY SCOTT C WILLARD. FOR INFORMATIONAL PURPOSES ONLY: KNOWN AS LOT 14 BLOCK 131. NOTE: The Company is prohibited from insuring the aree or quantity of the land. The Company does hot represent that any acreage or footage calculations are correct, References to quantity are for identification purposes only. Commenly known as: &9 Watchung Avenue, West Orange, NJ 07052-6006 THE PROPERTY ADDRESS AND TAX PARCEL|IDENTIFICATION NUMBER LISTED ARE PROVIDED SOLELY FOR INFORMATIONAL PURPOSES Page 3 of 3

Date: February 16, 2018 Quicken Loans Engineered to Amaze" Township of West Orange 0. PLANNING ; antl ani athe Please subordinate to Mortgage Electronic egistra RE: Sandra E. Mejia Systems, Inc. as nominee for Quicken Loans Inc. Account# Loan Number 3396829564 Social Security #: 144-76-5352 89 Watchung Ave West Orange, NJ 07052-6006 To Whom It May Concern: Quicken Loans Inc. has approved the above client(s) for a first lien mortgage in the amount of $142,000.00. This loan will be closing on or about February 26, 2018. In order to proceed with our client's wishes, we ask that you complete a subordination agreement in the amount of $142,000.00 and return it to us as quickly as possible. Listed below and included is the documentation that you require prior to the completion of a subordination agreement: ** The current requested loan amount is only an estimate and may account for slight changes in allowable fees and costs. The requested loan amount may be reduced prior to closing to ensure all applicable State guidelines are met. Appraisal Certification and Authorization Commitment Letter LOx/Return Label Subordination Agreement Worksheet If you have any questions, concerns or require additional information, do not hesitate to call (877) 784-2593. In order to expedite the processing of this loan, please fax a copy of the subordination agreement to (877) 382-0232 prior to mailing the original. Please reference Quicken Loans Inc.'s account number: 3396829564 in any correspondence. Please note: Quicken Loans Inc.'s UPS Account # is 4RR774, in case a retum label is not included. Respectfully, Subordination Team Quicken Loans Inc. 1050 Woodward Ave Detroit, MI 48226-1906. Tl 033968 2: 955 10000 00 68 4202801548

Loan#: 3396829564 _o., . Date: 01/09/2018 Certification & Authorization Certification The undersigned certify the following: 1, We have applied for a mortgage loan from Quicken Loans Inc. ("Lender"). In applying for the loan, Wwe completed a loan application containing various information on the purpose of the loan, the amount and source of the down payment, employment and income information, and assets and liabilities. We certify that all of the information is true and complete. We made no misrepresentations in the loan application or other documents, nor did lve omit any pertinent information. 2. I/We understand and agree that Lender reserves the right to change the mortgage loan review process to a full documentation program. This may include verifying the information provided on the application with the employer and/or the financial institution. 3. [We fully understand that it is a Federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements when applying for this mortgage, as applicable under the provisions of Title 18, United States Gods. Section 104, Authorization to Release Information To Whom It May Concern: 1. \MWe have applied for a mortgage loan from Lender. As part of the application process, Lender may verify information contained in my/our loan application and in other documents required in connection with the loan, either before the loan is closed or as part of its quality control process. I/We understand that any misrepresentations discovered during the application process, and thereafter, may be reported or shared with law enforcement or fraud alert databases. 2. We authorize you to provide to Lender, and to any investor to whom Lender may transfer my/our mortgage loan to, any and all information and documentation that they request. Such information includes, but is not limited to, employment history and income; bank, money market, and similar account balances; credit history; and copies of income tax returns. This authorization also applies to proof of homeowner's insurance coverage and requests for payoff statements from my/our current mortgage lender/bank even if such requests are from the title company performing the closing/settlement of my/our mortgage loan with Lender. 3, Lender or any investor that purchases the mortgage may address this authorization to any party named in the loan

itle company performing the closing/settlement of my/our mortgage loan with Lender. 3, Lender or any investor that purchases the mortgage may address this authorization to any party named in the loan application or disclosed by any consumer credit reporting agency or similar source. 4. If applicable, We request that my/our second mortgage loan be subordinated to the new refinanced first mortgage with Lender. We authorize the release of any information, either verbally or written, in order to process the subordination request. §. If applicable, IWVe authorize the release of any information to my/our current mortgage lender/bank if necessary to obtain a payoff statement or aid in the negotiation of reduced or modified payoff terms. 6. We authorize release of any information to other borrowers on the application for this mortgage loan. 7. WWe release and agree to hold Lender and any investor that purchases my/our mortgage harmless from any liability that may arise from verifying information contained in my/our loan application or for any reporting of misrepresentations discovered during the application process or thereafter. 8. A copy of this authorization may be accepted as an original and this authorization may be electronically signed in place of a handwritten signature. NOTICE TO BORROWERS: This notice to you as required by the Right to Financial Privacy Act of 1978 that HUD/FHA has a right of access to financial records held by financial institutions in connection with the consideration or administration of assistance to you. Financial records involving your transaction will be available to HUD/FHA without further notice or authorization but will not be disclosed or released by this institution to another Governent Agency or Department without your consent except as required or permitted by law. aa 1/9/2018 Sandra Mejia Date Date Date Date goga10 I UN | sine Sati HM (a I Uni | ll

Loan#: 3396829564 Date: 01/09/2018 Certification & Authorization Certification The undersigned certify the following: 1, We have applied for a mortgage loan from Quicken Loans Inc. ("Lender"). In applying for the loan, lAve completed a loan application containing various information on the purpose of the loan, the amount and source of the down payment, employment and income information, and assets and liabilities. I/We certify that all of the information is true and complete. I/We made no misrepresentations in the loan application or other documents, nor did Awe omit any pertinent information. 2. We understand and agree that Lender reserves the right to change the mortgage loan review process to a full documentation program. This may include verifying the information provided on the application with the employer and/or the financial institution. 3, \We fully understand that It is a Federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements when applying for this mortgage, as applicable under the provisions of Title 18, United States Pode; Section 1014s Authorization to Release Information To Whom It May Concern: 1. We have applied for a mortgage loan from Lender. As part of the application process, Lender may verify information contained in my/our loan application and in other documents required in connection with the loan, either before the loan is closed or as part of its quality control process. I/We understand that any misrepresentations discovered during the application process, and thereafter, may be reported or shared with law enforcement or fraud alert databases. 2. We authorize you to provide to Lender, and to any investor to whom Lender may transfer my/our mortgage loan to, any and all information and documentation that they request. Such information includes, but is not limited lo, employment history and income; bank, money market, and similar account balances; credit history; and copies of income tax returns. This authorization also applies to proof of homeowner's insurance coverage and requests for payoff statements from my/our current mortgage lender/bank even if such requests are from the title company performing the closing/settlement of my/our mortgage loan with Lender. 3. Lender or any investor that purchases the mortgage may address this authorization to any party named in the lean

itle company performing the closing/settlement of my/our mortgage loan with Lender. 3. Lender or any investor that purchases the mortgage may address this authorization to any party named in the lean application or disclosed by any consumer credit reporting agency or similar source. 4. If applicable, We request that my/our second mortgage loan be subordinated to the new refinanced first mortgage with Lender. We authorize the release of any information, either verbally or written, in order to process the subordination request. §. If applicable, We authorize the release of any information to my/our current mortgage lender/bank if necessary to obtain a payoff statement or aid in the negotiation of reduced or modified payoff terms. 6. We authorize release of any information to other borrowers on the application for this mortgage loan. 7. We release and agree to hold Lender and any investor that purchases my/our mortgage harmless from any liability that may arise from verifying information contained in my/our loan application or for any reporting of misrepresentations discovered during the application process or thereafter. 8. A copy of this authorization may be accepted as an original and this authorization may be electronically signed in place of a handwritten signature. NOTICE TO BORROWERS: This notice to you as required by the Right to Financial Privacy Act of 1978 that HUD/FHA has a right of access to financial records held by financial institutions in connection with the consideration or administration of assistance to you. Financial records involving your transaction will be available to HUD/FHA without further notice or authorization but will not be disclosed or released by this institution to another a Agency or Department without your consent except as required or permitted by law. — 1/9/2019 Sydel] Mejia Dale pate Date Date O01

3396829564 QuickenLoans Engineered to Amaze’ MORTGAGE APPROVAL NOTICE Date: February 16, 2018 Program: 230 - 20 yr Conforming Fixed Caps (if applicable): Borrower(s): Sandra E. Mejia Margin (if applicable) Sydel] Mejia Interest Rate: 3.990 Loan Amount: $142,000.00 Subject Property: 89 Watchung Ave West Orange, NJ 07052-6006 We are pleased to inform you that your application for a mortgage loan pertaining to the above captioned property has been approved as set forth above. This approval is subject to the conditions set forth below: 1. An acceptable survey and lender’s title insurance commitment must be received and approved by Quicken Loans Inc. C'Lender") and the title company closing this loan for Lender, prior to the execution of any loan documents. 2. Borrowers, mortgagors and other necessary parties must properly execute all closing documents at the loan closing. 3. Payment of creditors, taxes and other amounts, and satisfaction of "at closing" conditions, all as shown on the attached schedule. The documentation we have reviewed in evaluating your loan application is valid for 30 days from the date of receipt of such documentation by Lender. Accordingly, it may be necessary to update such documentation during the loan process. Your approval is subject to the results of such updates. This approval shall be void if, in the opinion of Lender jin its sole discretion, there is a material change in the borrower(s) financial condition, employment status, occupancy status, credit status or any other aspect of the borrower(s)’ loan file, including, but not limited to, an increase in the qualifying monthly payments. This approval shall expire on May 9, 2018. UN 703396829564 0: 227 356 0101 4202801564