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, 201209877
<br /> 6. Borrower also will comply with all other covenants, agreements, and requirements of [he Security
<br /> InsWmen[, including withou[ limitation, Borrower's covenants and agreements to make all paymen[s of
<br /> [axes,insurance premiums,assessmen[s,ucrow i[ems,impounds,and all other payments tha[Borzower is
<br /> obligated[o make under the Security Instrument however,[he following terms and provisions are forever
<br /> canceled,null and void,as of[he da[e specified in pazagraph No. 1 above:
<br /> (a) all[erms and provisions of the Note and Security Instrument(if any)providing for,implementing,
<br /> or rela[ing to,any change or adjustment in the rate of interest payable under[he Note, including,
<br /> where applicable,the Timely Payment Rewards rate reduction,as described in paragraph 1 of the
<br /> Timely Payment Rewazds Addendum to Note and paragraph A.l.of the Timely Payment Rewards
<br /> Rider. By executing this Agreement, Bortower waives any Timely Paymen[ Rewards rate
<br /> reduction to which Bortower may have otherwise been entitled;and
<br /> (b) all terms and provisions of any adjustable rate rider, or Timely Payment Rewards Rider, where
<br /> applicable, or other instrumen[ or document that is affixed to, wholly or partially incorporaled
<br /> intq or is part of, the No[e or Security Instrument and that contains any such [erms and
<br /> provisions as those referred to in(a)above.
<br /> 7. 8ortower understands and agrees thah
<br /> (a) All the righ[s and remedies, stipulations, and condi[ions con[ained in [he Security 1nsUument
<br /> relating to default in the making of payments under the Security Instrumen[ shall also apply [o
<br /> defaul[in the making oFthe modified payments hereunder.
<br /> (b) All covenants,agreements,stipulaGons, and condi[ions in the Note and Security InsVumen[shall
<br /> be and remain in full force and effect, except as herein modified, and none of the Borrower's
<br /> obliga[ions or liabilities under the Note and SecuriTy Instrument shall be diminished or released
<br /> by any provisions hereof,nor shall this Agreement in any way impair, diminish, or affect any of
<br /> Lender's righls under or remedies on the Note and Security Instrument, whether such rights or
<br /> remedies arise thereunder or by operation of law. Also, all rights of recourse to which Lender is
<br /> presently entitled against any property or any other persons in any way obligated for,or liable on,
<br /> Ihe Note and Security InsWment are expressly reserved by Lender.
<br /> (c) No[hing in this Agreement shall be understood or cons[rued to be a salisfac[ion or release in
<br /> whole or in part of[he No[e and Security InsWment.
<br /> (d) All costs and expenses incurred by Lender in connec[ion with this Agreemen[, including
<br /> recording fees, title examination,and attorney's fees, shall be paid by [he Borrower and shall be
<br /> secured by the Security Instrument,unless stipulated otherwise by Lender.
<br /> (e) Borrower agrees to make and execute such other dowments or papers as may be necessary or
<br /> required to effectuate[he terms and conditions of this Agreement which,if approved and accep[ed
<br /> by Lender, shall bind and inure to the heirs, executors, adminis[ra[ors, and assigns of the
<br /> Borrower.
<br /> LOAN MODIFICATION AGREEMENT-Single Family-Fannie Mae Unifortn WD12106.1 99022(19839
<br /> Inatrument Farm 3I79(fixed)/3162(step)(rev.Ol/09)082820I2 87
<br /> FirstAmencan Mortgage Savica Page 3
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