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201302135
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201302135
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Last modified
12/31/2013 1:31:40 PM
Creation date
3/18/2013 3:55:42 PM
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DEEDS
Inst Number
201302135
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• 201302135 <br /> Parcel # 400041308 <br /> (Herein defined as "Property"). <br /> Capitalized Amount: $6,337.56 <br /> Borrower is in default or at imminent risk of default under the Loan Documents and desires the <br /> Lender forbear from the exercise of its rights under the Loan Documents, to extend or rearrange <br /> the time and manner of repayment or payment of the Note and other obligations due to Lender <br /> under the Loan Documents and to extend and carry forward the lien(s) on the Property, whether <br /> created by the Security Instrument or otherwise. Lender, the legal holder and owner of the Note <br /> and of the lien(s) securing the same has agreed to the request of the Borrower to so forbear, to <br /> extend or rearrange the time and manner of payment of the Note and to grant certain other <br /> financial accommodations pursuant to the terms of this Agreement. <br /> In consideration of the mutual promises and agreements exchanged, and other good and <br /> valuable consideration paid by each of the parties to the other, the receipt and sufficiency of <br /> which is hereby acknowledged, the parties hereto agree to modify, renew and extend the Note <br /> and Security Instrument and any other Loan Documents, as follows (notwithstanding anything to <br /> the contrary contained in the Note or Security Instrument) <br /> 1. Acknowledgement of Unpaid Principal Balance and Expenses: <br /> Borrower acknowledges that as of 07/03/2012 the Borrower owes the Lender the unpaid <br /> principal balance of $66,627.37, plus accrued interest of $1,554.64, plus escrow <br /> shortage (consisting of unpaid hazard insurance, taxes and/or mortgage insurance <br /> premiums) of $4,502.92 ("Escrows Advanced"), plus certain outstanding foreclosure <br /> attorney fees and costs of $280.00, totaling $72,964.93 (the "Modified Principal <br /> Balance"), in addition to those other fees, charges and expenses described in Paragraph <br /> 2 hereof. The payment of the amount of $72,964.93 is being modified, renewed, and <br /> extended by the Lender and such amount is referred to as the "Modified Principal <br /> Balance". Borrower hereby renews, extends and promises to pay the Modified Principal <br /> Balance, plus interest, to the order of Lender. Interest will be charged on the Modified <br /> Principal Balance until the full amount of the Modified Principal Balance and the other <br /> amounts due hereunder and under the Loan Documents have been paid in accordance <br /> with the terms and conditions of the Loan Documents., as modified hereby. All <br /> references in the Loan Documents to "Principal" shall be deemed to refer to the Modified <br /> Principal Balance. <br /> 2. Acknowledgement of Unpaid Fees and Costs: <br /> The Borrower agrees to remain responsible for payment of all recording fees, title <br /> examination, attorney's fees and other costs, fees and expenses of Lender incurred as a <br /> result of this modification ("Modification Fees"), as well as all other costs, fees and <br /> expenses, including outstanding late charges, now due and owing on the Loan (the <br /> "Unpaid Fees and Costs"), plus such other charges, costs, fees and expenses incurred <br /> hereafter. Modification Fees and Unpaid Fees and Costs are not included in the <br /> Borrower Initial Lines <br /> Qti <br /> Page 2 of the Loan Modification Agreement Please add the appropriate number of initial lines for each <br /> Order Number 7424628 signatory over 4 <br /> MERS MIN: 100026600015811735 MERS Phone 1-888-679-6377 <br />
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