|
�` y ,� � � ' , , - • s
<br />When recorded mail to: #:7092357
<br />First American Title II���������I�
<br />Loss Mitigation Title Services 1806.10
<br />P.O. Box 27670
<br />Santa Ana, CA 92799
<br />RE: MARTIN - MOD REC SVC
<br />20120189�f
<br />MERS: 888-679-6377
<br />Loan # 2005072592
<br />LOAN MODIFICATION AGREEMENT
<br />(PROVIDING FOR FIXED INTEREST RATE/CAPITALIZATION)
<br />This Loan Modification Agreement ("Agreement"), made 12/19/11, between TARRA MARTIN and BOBBIE
<br />MARTIN. ("Borrower") residing at 103 COMET CT, ALDA, NE, 68810-9748 and MORTGAGE
<br />ELECTROIVIC REGISTRATION SYSTEMS, INC.;(MIN NUM 100011520050725920) by assignment
<br />as Mortgagee of record (solely as nominee for Lender and Lender's successors and assigns) ("Lender") having
<br />offices at 5280 Corporate Drive, Frederick, MD 21703 and amends and supplements (1) the Mortgage, Deed of
<br />Trust, or Deed to Secure Debt (the "Security Instrument") dated 06/27/08 and recorded on 06/30/08, Document
<br />number 0200805590, Book number na, Page na in the Official Records of HALL County, Nebraska and (2) the
<br />Note bearing the same date as, and secured by the Security Instrument , which covers the real and personal
<br />property described in the Security Instrument and defined therein as the "Property", located at 103 COMET CT,
<br />ALDA, NE, 68810-9748, the real property described as being set forth as follows:
<br />(SEE AT°TACHED LEGAL DESCRIPTION)
<br />In consideration of the mutual promises and agreements exchanged , the parties hereto agree as follows
<br />(notwithstanding anything to the contrary contained in the Note or Security Instrument):
<br />1. As of 12/19/11, the amount payable under the Note and Security Instrument (the "Unpaid Principal Balance")
<br />is U.S. $ 87,950.31. The Borrower acknowledges that interest has accrued but has not been paid and the Lender
<br />has incurred, paid or otherwise advanced taxes, insurance premiums and other expenses necessary to protect or
<br />enforce its interest in the Note and the Security Instrurnent, and that such interest, costs and expenses in the total
<br />amount of $ 24,293.13, have been added to the indebtedness under the terms of the Note and Security Instrument
<br />and the loan re-amortized over 360 months. When payments resume on O1/O1/12, the New Unpaid Principal
<br />Balance will be $ 112,243.44.
<br />2. The Borrower promises to pay the New Unpaid Principal Balance, plus Interest, to the order of Lender.
<br />Interest will be charged on the Unpaid Principal Balance at the yearly rate of 4.000% effective 12/01/11 (the
<br />"Interest Change Date"). The Borrower promises to make monthly payments of principal and interest of U.S. $
<br />535.87 (which does not include amounts required for Insurance and/or Taxes) beginning on O1/O1/12 and
<br />continuing thereafter on the same date of each succeeding month until principal and interest aze paid in full.
<br />If on 12/O1/41 (the "Maturity Date"), the Borrower still owes amounts under the Note and Security Instrument, as
<br />amended by this Agreement, the Borrower will pay those amounts in full on the Maturity Date. All other terms
<br />stated in the Note remain the same.
<br />The Borrower will make such payments at Post Office Box 9481, Gaithersburg, MD 20898-9481, or at such
<br />other place as the Lender may require.
<br />3. If all or any part of the property or any interest in it is sold or transfened (or if a beneficial interest in the
<br />Bonower is sold or transferred and the Borrower is not a natural person) without the Lender's prior written
<br />consent, the Lender may, at its opdon, require immediate payment in full of all sums secured by the Security
<br />Instrument.
<br />Page 1
<br />
|