MULTISTATE NOTE ADDENDUM

Loan Number: 1000230263

Borrower(s): FOSTER WILLIAMS III

Property Address: 14522 SOUTH COTTAGE GROVE
DOLTON, IL 60419

This Addendum is made this 25th day of July, 2005 and is incorporated into
and amends and supplements the Note dated the same date as this Addendum made by
the undersigned, which debt is secured by a mortgage, deed of trust, security deed, or
similar security instrument (the "Security Instrument") dated the same date as this
Addendum and the Note.

This Note will be governed by federal law and, to the extent not preempted
by federal law, the law of the state where the real property is located.

Pots bisthe IEE Pe ass
Borrower FOSTER WILLIAMS III Date
Borrower Date
Borrower Date
Borrower Date
3-17-05

DDS-NTM


OF O0QWAl a

Prepared by: Leticia Arias
Ocwen Loan Servicing, LLC
1661 Worthington Road, Suite 100
West Palm Beach, FL 33409
Phone Number: 561-682-8835

ALLONGE
BORROWERS: FOSTER WILLIAMS, II] AND TANGIE D. WILLIAMS
PRESENTOWNER AND HOLDER: MERITAGE MORTGAGE CORPORATION
NOTE EXECUTION DATE: JULY 25, 2005
NOTE AMOUNT: $228,800.00

This allonge shall be annexed to the original Note (or to a copy of the Note with a Lost Note
Affidavit if the original cannot be located), referenced above for purposes of transferring same from the
present Owner and Holder of the Note, MERITAGE MORTGAGE CORPORATION ("Transferor") as of
the date set forth below. As a result of said transfer, MERITAGE MORTGAGE CORPORATION has no
further interest in the Note.

Date: OCTOBER 15, 2009
Pay to the order of

DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE FOR THE
REGISTERED HOLDERS OF MERITAGE MORTGAGE LOAN TRUST 2005-3,
ASSET-BACKED CERTIFICATES, SERIES 2005-3,

without recourse, representation or warranty

express or implied this 15TH day of OCTOBER, 2009.

MERITAGE MORTGAGE CORPORATION

By Its Attorney-In-Fact, Ocwen Federal Bank, FSB,
By its Successor /h Interest Ocwen Loan Servicing, LLC

Neat Juan =a
Title: Manager of unt Management

The effective date of the allonge is NOVEMBER 30, 2005.

733816310109


Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, “Interest in the
Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial
interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the
intent of which is the transfer of title by Borrower at a future date to a purchaser.

If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a
natural person and a beneficial interest in Borrower is sold or transferred) without Lender’s prior written consent,
Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this
option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. Lender also shall not
exercise this option if: (a) Borrower causes to be submitted to Lender information required by Lender to evaluate
the intended transferee as if a new loan were being made to the transferee; and (b) Lender reasonably determines
that Lender’s security will not be impaired by the loan assumption and that the risk of a breach of any covenant or
agreement in this Security Instrument is acceptable to Lender.

To the extent permitted by Applicable Law, Lender may charge a reasonable fee as a condition to Lender’s
consent to the loan assumption. Lender also may require the transferee to sign an assumption agreement that is
acceptable to Lender and that obligates the transferee to keep all the promises and agreements made in the Note
and in this Security Instrument. Borrower will continue to be obligated under the Note and this Security
Instrument unless Lender releases Borrower in writing.

If Lender exercises the option to require immediate payment in full, Lender shall give Borrower notice of
acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in
accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If
Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted
by this Security Instrument without further notice or demand on Borrower.

WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.

Bat, War prin (Seal) (Seal)

FOSTER WILLIAMS IIT -Borrower -Borrower
— (Seal) (Seal)
-Borrower -Borrower
(Seal) (Seal)
-Borrower Borrower
(Seal) (Seal)
-Borrower -Borrower
va Pay To The Order Of [Sign Original Only}
. Without Recourse

ahanny

Cindi Catlanam. Assistant Vice President

Mernage Mortgage Corperstion
Z238N (0210) Pogo 4 of 4 Form 3620 1/01

Dos-27)



MULTI-STATE
PREPAYMENT FEE ADDENDUM TO THE NOTE
(1* and 2" lien)

Loan Number: 1000230263
Property: 14522 SOUTH COTTAGE GROVE Loan Amount: $228, 800.00
DOLTON, IL 60419

This Prepayment Fee Addendum (“Addendum”) is made this 25th — day of July, 2005
and is incorporated into and amends and supplements the Note dated the same date as this Addendum made by the
undersigned, which debt is secured by a mortgage, deed of trust, security deed, or similar security instrument (the
“Security Instrument”) dated the same date as this Addendum and the Note.

Notwithstanding anything to the contrary set forth in the Note or Security Instrument, I agree that the
section of the Note entitled BORROWER'S RIGHT TO PREPAY is deleted in its entirety and replaced with the
following language:

BORROWER’S RIGHT TO PREPAY

Subject to the prepayment fee provided below, ! have the right to make payments of Principal at any time
before they are due. A payment of Principal only is known as a “Prepayment.” A “full prepayment” is the
prepayment of the entire principal due under the Note. A payment of only part of the unpaid principal is known
as a “partial prepayment.” When | make a Prepayment, I will tell the Note Holder in writing that I am doing so.
I may not designate a payment as a Prepayment if I have not made all payments then due under this Note.

If I make a partial or full Prepayment within 2 year(s) of the date of the Note, I agree to pay the
Note Holder a Prepayment fee. The Prepayment fee I will pay shall be an amount equal to six months advance
interest, at the contract rate of interest then in effect, on all amounts prepaid in any 12 month period in excess of
20 percent of the original principal amount of my loan.

The Note Holder will apply all Prepayments to reduce the amount of Principal that I owe under this
Note. However, the Note Holder may apply my Prepayment to the accrued and unpaid interest on the
Prepayment amount before applying my Prepayment to reduce the Principal amount of this Note. If I make a
partial Prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the
Note Holder agrees in writing to those changes.

1 will not be obligated to pay a Prepayment fee (i) if my mortgage debt is accelerated as the result of my
default in making my mortgage payments; or (ii) if it violates federal law.

NOTICE TO BORROWER(S):

DO NOT SIGN THIS ADDENDUM BEFORE YOU READ IT.
THIS ADDENDUM PROVIDES FOR THE PAYMENT OF A FEE IF YOUR
LOAN IS REPAID PRIOR TO THE SECOND ANNIVERSARY OF THE DATE OF
THE LOAN.

WITNESS THE HANDS AND SEAL (S) OF THE UNDERSIGNED.

(Seal) (Seal)

FOSTER WILLIAMS III -Borrower -Borrower
(Seal) (Seal)

-Borrower ~Borrower

Multi-State Prepayment Fee Addenduin Revision Date: 11/29/04

DDS-TR2


Loan Number: 1000230263 MIN: 100110710002302635

AUG 0 1 2005
ADJUSTABLE RATE NOTE

(LIBOR Six-Month Index (As Published In The Wall Street Journal) - Rate Caps)

THIS NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN MY INTEREST RATE AND MY
MONTHLY PAYMENT. THIS NOTE LIMITS THE AMOUNT MY INTEREST RATE CAN CHANGE AT
ANY ONE TIME AND THE MAXIMUM RATE | MUST PAY.

July 25, 2005 OAK LAWN ILLINOIS
[Date] [City] [State]
14522 SOUTH COTTAGE GROVE

DOLTON, IL 60419
[Property Address]

1. BORROWER’S PROMISE TO PAY

In return for a loan that | have received, I promise to pay U.S. $ 228,800.00 (this amount is called
“Principal"), plus interest, to the order of Lender. Lender is
MERITAGE MORTGAGE CORPORATION

[ will make all payments under this Note in the form of cash, check or money order.
I understand that Lender may transfer this Note. Lender or anyone who takes this Note by transfer and who is entitled
to receive payments under this Note is called the "Note Holder."

2. INTEREST
Interest will be charged on unpaid principal until the full amount of Principal has been paid. I will pay interest at a
yearly rate of 8.905 %. The interest rate I will pay may change in accordance with Section 4 of this Note.

The interest rate required by this Section 2 and Section 4 of this Note is the rate I will pay both before and atter any
default described in Section 7(B) of this Note.

3. PAYMENTS

(A) Time and Place of Payments

I will pay principal and interest by making a payment every month.

I will make my monthly payments on the first day of each month beginning on September 01, 2005
I will make these payments every month until I have paid all of the principal and interest and any other charges
described below that I may owe under this Note. Each monthly payment will be applied as of its scheduled due date and will
be applied to interest before Principal. If, on August 01, 2035 , I still owe amounts under this
Note, | will pay those amounts in full on that date, which is called the "Maturity Date."

I will make my monthly payments at 6000 SOUTHWEST MEADOWS ROAD, SUITE 500
LAKE OSWEGO, OR 97035
or at a different place if required by the Note Holder.

(B) Amount of My Initial Monthly Payments

Each of my initial monthly payments will be in the amount of U.S. $1,825.36 - This amount
may change.

(©) Monthly Payment Changes

Changes in my monthly payment will reflect changes in the unpaid principal of my loan and in the interest rate that T
must pay. The Note Holder will determine my new interest rate and the changed amount of my monthly payment in
accordance with Section 4 of this Note.

MULTISTATE ADJUSTABLE RATE NOTE - LIBOR SIX-MONTH INDEX (AS PUBLISHED IN THE WALL STREET JOURNAL) -
Single Family - Fannie Mae UNIFORM INSTRUMENT

ZB, 238N (0210) Form 3620 1/01

\VMP MORTGAGE rons reo 720r .t )
Page 1 of 4 Initials

Dps-275



 04-02b Al 2

Prepared by: Leticia Arias
Ocwen Loan Servicing, LLC

1661 Worthington Road, Suite 100

West Palm Beach, FL 33409

* Phone Number: 561-682-8835

ALLONGE

BORROWERS: FOSTER WILLIAMS, Ill AND TANGIE D. WILLIAMS

PRESENTOWNER AND HOLDER: MERITAGE MORTGAGE CORPORATION

NOTE EXECUTION DATE: JULY 25, 2005

NOTE AMOUNT: $228,800.00

This allonge shall be annexed to the original Note (or to a copy of the Note with a Lost Note
Affidavit if the original cannot be located), referenced above for purposes of transferring same from the
present Owner and Holder of the Note, MERITAGE MORTGAGE CORPORATION ("Transferor") as of
the date set forth below. As a result of said transfer, MERITAGE MORTGAGE CORPORATION has no

further interest in the Note.

Date: OCTOBER 08, 2009

Pay to the order of

DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE FOR THE
REGISTERED HOLDERS OF MERITAGE MORTGAGE LOAN TRUST 2005-
3, ASSET-BACKED CERTIFICATES, SERIES 2005-3,

without recourse, representation or warranty

express or implied this 8TH day of OCTOBER, 2009.

MERITAGE MORTGAGE CORPORATION
By Its Attorney-In.Fact, Ocwen Federal Bank, FSB,
By its Successor terest Ocwen Loan Servicing, LLC

By:
Name: Juan Pardo
Title: Manager of Acé

The effective date of the allonge is NOVEMBER 30, 2005.

733816310109


4. INTEREST RATE AND MONTHLY PAYMENT CHANGES

(A) Change Dates

‘The interest rate I will pay may change on the first day of August, 2007 , and on that day every
6th month thereafter. Each date on which my interest rate could change is called a "Change Date.”

(B) The Index

Beginning with the first Change Date, my interest rate will be based on an Index. The "Index" is the average of
interbank offered rates for six month U.S. dollar-denominated deposits in the London market ("LIBOR"), as published in
The Wall Street Journal. The most recent Index figure available as of the first business day of the month immediately
preceding the month in which the Change Date occurs is called the “Current Index."

If the Index is no longer available, the Note Holder will choose a new index that is based upon comparable
information. The Note Holder will give me notice of this choice.

(C) Calculation of Changes

Before each Change Date, the Note Holder will calculate my new interest rate by adding
SIX AND 905/1000 percentage points ( 6.905 %) to the Current
Index. The Note Holder will then round the result of this addition to the nearest one-eighth of one percentage point
(0.125%). Subject to the limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the next
Change Date.

The Note Holder will then determine the amount of the monthly payment that would be sufficient to repay the unpaid
principal that I am expected to owe at the Change Date in full on the Maturity Date at my new interest rate in substantially
equal payments. The result of this calculation will be the new amount of my monthly payment.

(D) Limits on Interest Rate Changes

The interest rate | am required to pay at the first Change Date will not be greater than 11.905 %
or less than 8.905 %. Thereafter, my interest rate will never be increased or decreased on any single
Change Date by more than ONE AND ONE HALF percentage point(s) ( 1.500%)
from the rate of interest I have been paying for the preceding 6 months. My interest rate will never be greater
than 15.905 %, or less than 8.905%.

(E) Effective Date of Changes

My new interest rate will become effective on each Change Date. I will pay the amount of my new monthly payment
beginning on the first monthly payment date after the Change Date until the amount of my monthly payment changes again.

(F) Notice of Changes

The Note Holder will deliver or mail to me a notice of any changes in my interest rate and the amount of my monthly
payment before the effective date of any change. The notice will include information required by law to be given to me and
also the title and telephone number of a person who will answer any question I may have regarding the notice.

5. BORROWER’S RIGHT TO PREPAY

I have the right to make payments of Principal at any time before they are due. A payment of Principal only is known
as a "Prepayment." When I make a Prepayment, | will tell the Note Holder in writing that I am doing so. I may not
de nate a payment as a Prepayment if I have not made all the monthly payments due under this Note.

I may make a full Prepayment or partial Prepayments without paying any Prepayment charge. The Note Holder will
use my Prepayments to reduce the amount of Principal that I owe under this Note. However, the Note Holder may apply my
Prepayment to the accrued and unpaid interest on the Prepayment amount before applying my Prepayment to reduce the
Principal amount of this Note. If I make a partial Prepayment, there will be no changes in the due dates of my monthly
payments unless the Note Holder agrees in writing to those changes. My partial Prepayment may reduce the amount of my
monthly payments after the first Change Date following my partial Prepayment. However, any reduction due to my partial
Prepayment may be offset by an interest rate increase.

6. LOAN CHARGES

If a law, which applies to this loan and which sets maximum loan charges, is finally interpreted so that the interest or
other loan charges collected or to be collected in connection with this loan exceed the permitted limits, then: (a) any such
loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already
collected from me that exceeded permitted limits will be refunded to me. The Note Holder may choose to make this refund
by reducing the Principal 1 owe under this Note or by making a direct payment to me. If a refund reduces Principal, the
reduction will be treated as a partial Prepayment.

Form 3520 1/04
Zp838N (0210) Page 2 of 4 Initials

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7. BORROWER’S FAILURE TO PAY AS REQUIRED

(A) Late Charges for Overdue Payments

If the Note Holder has not received the full amount of any monthly payment by the end of 15
calendar days after the date it is due, I will pay a late charge to the Note Holder. The amount of the charge will be

5.000 % of my overdue payment of principal and interest. | will pay this late charge promptly but

only once on each late payment.

(B) Default

If I do not pay the full amount of each monthly payment on the date it is due, I will be in default.

(C) Notice of Default

If I am in default, the Note Holder may send me a written notice telling me that if 1 do not pay the overdue amount by
a certain date, the Note Holder may require me to pay immediately the full amount of Principal that has not been paid and
all the interest that I owe on that amount. That date must be at least 30 days after the date on which the notice is mailed to
me or delivered by other means.

(D) No Waiver By Note Holder

Even if, at a time when I am in default, the Note Holder does not require me to pay immediately in full as described
above, the Note Holder will still have the right to do so if I am in default at a later time.

(E) Payment of Note Holder’s Costs and Expenses

If the Note Holder has required me to pay immediately in full as described above, the Note Holder will have the right
to be paid back by me for all of its costs and expenses in enforcing this Note to the extent not prohibited by applicable law.
Those expenses include, for example, reasonable attorneys’ fees.

8. GIVING OF NOTICES

Unless applicable law requires a different method, any notice that must be given to me under this Note will be given by
delivering it or by mailing it by first class mail to me at the Property Address above or at a different address if I give the
Note Holder a notice of my different address.

Unless the Note Holder requires a different method, any notice that must be given to the Note Holder under Note
will be given by mailing it by first class mail to the Note Holder at the address stated in Section 3(A) above or at a different
address if I am given a notice of that different address.

9. OBLIGATIONS OF PERSONS UNDER THIS NOTE

If more than one person signs this Note, each person is fully and personally obligated to keep all of the promises made
in this Note, including the promise to pay the full amount owed. Any person who is a guarantor, surety or endorser of this
Note is also obligated to do these things. Any person who takes over these obligations, including the obligations of a
guarantor, surety or endorser of this Note, is also obligated to keep all of the promises made in this Note. The Note Holder
may enforce its rights under this Note against each person individually or against all of us together. This means that any one
of us may be required to pay all of the amounts owed under this Note.

10. WAIVERS

I and any other person who has obligations under this Note waive the rights of Presentment and Notice of Dishonor.
"Presentment" means the right to require the Note Holder to demand payment of amounts due. “Notice of Dishonor" means
the right to require the Note Holder to give notice to other persons that amounts due have not been paid.

11. UNIFORM SECURED NOTE

This Note is a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to
the Note Holder under this Note, a Mortgage, Deed of Trust, or Security Deed (the “Security Instrument"), dated the same
date as this Note, protects the Note Holder from possible losses that might result if I do not keep the promises that I make in
this Note. That Security Instrument describes how and under what conditions I may be required to make immediate payment
in full of all amounts I owe under this Note. Some of those conditions read as follows:

Form 3!

G838N (0210) Page 3 of 4 Initiate
pps-274