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20]204855 Borrower is in default or at imminent risk of default under the Loan Documents and desires the Lender forbear from the exercise of its rights under the Loan Documents, to extend or rearrange the time and manner of repayment or payment of the Note and other obligations due to Lender under the Loan Documents and to extend and carry forward the lien(s) on the Property, whether created by the Security Instrument or otherwise. Lender, the legal holder and owner of the Note and of the lien(s) securing the same has agreed to the request of the Borrower to so forbear, to extend or rearrange the time and manner of payment of the Note and to grant certain other financial accommodations pursuant to the terms of this Agreement. In consideration of the mutual promises and agreements exchanged, and other good and valuable consideration paid by each of the parties to the other, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to modify, renew and extend the Note and Security Instrument and any other Loan Documents, as follows (notwithstanding anything to the contrary contained in the Note or Security Instrument) 1. Acknowledgement of Unpaid Principal Balance and Expenses: Borrower acknowledges that as of 02/15/2012 the Borrower owes the Lender the unpaid principal balance of $69,987.45, plus accrued interest of $1,399.76, plus escrow shortage (consisting of unpaid hazard insurance, taxes and/or mortgage insurance premiums) of $1,169.11 ("Escrows Advanced"), totaling $72,556.32 (the "Modified Principal Balance"), in addition to those other fees, charges and expenses described in Paragraph 2 hereof. The payment of the amount of $72,556.32 is being modified, renewed, and extended by the Lender and such amount is referred to as the "Modified Principal Balance". Borrower hereby renews, extends and promises to pay the Modified Principal Balance, plus interest, to the order of Lender. Interest will be charged on the Modified Principal Balance until the full amount of the Modified Principal Balance and the other amounts due hereunder and under the Loan Documents have been paid in accordance with the terms and conditions of the Loan Documents., as modified hereby. All references in the Loan Documents to "Principal" shall be deemed to refer to the Modified Principal Balance. 2. Acknowledgement of Unpaid Fees and Costs: The Borrower agrees to remain responsible for payment of all recording fees, title examination, attorney's fees and other costs, fees and expenses of Lender incurred as a result of this modification ("Modification Fees"), as well as all other costs, fees and expenses, including outstanding late charges, now due and owing on the Loan (the "Unpaid Fees and Costs"), plus such other charges, costs, fees and expenses incurred hereafter. Modification Fees and Unpaid Fees and Costs are not included in the Modified Principal Balance but remain due and owing as part of the debt secured by the Security Instrument. Borrower agrees and acknowledges that Borrower received notice of Modification Fees and Unpaid Fees and Costs due as of a date certain prior to execution of this Agreement. Page 2 of the Loan Modification Agreement Borro s Order Number: 7132397 107 10� 'Please add the appropriate number of initial lines for each i pato over 4