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201306226 <br /> Parcel#400119870 <br /> (Herein defined as "Property"). <br /> Capitalized Amount: $0.00 <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 06/19/2013 the Borrower owes the Lender the unpaid <br /> principal balance of $62,534.94, in addition to the other fees, charges and expenses <br /> described in paragraph 2 hereof. Borrower acknowledges that $0.00 of the Unpaid <br /> Principal Balance shall be deferred (the "Deferred Principal Balance") and repaid to HUD <br /> according to the terms of the HUD Partial Claim which is memorialized in a Promissory <br /> Note and Subordinate Mortgage/Deed of Trust between Borrower and the Department of <br /> Housing and Urban Development ("HUD")("HUD Partial Claim Documents"). Borrower <br /> shall not be required to make monthly payments on the Deferred Principal Balance but <br /> rather shall repay that amount to HUD according to the terms of the HUD Partial Claim <br /> Documents. <br /> After application of the Deferred Principal Balance, the amount owed by Borrower under <br /> the terms of this Modification Agreement is$62,160.23, ("Modified Principal Balance"). <br /> Borrower hereby renews, extends and promises to pay the Modified Principal Balance, <br /> plus interest, to the order of Lender. Interest will be charged on the Modified Principal <br /> Balance until the full amount of the Modified Principal Balance and the other amounts <br /> due hereunder and under the Loan Documents have been paid in accordance with the <br /> terms and conditions of the Loan Documents, as modified hereby. All references in the <br /> Loan Documents to"Principal" shall be deemed to refer to the Modified Principal <br /> Balance. <br /> 2. Acknowledgement of Unpaid Fees and Costs: <br /> BorroTI, itial <br /> Page 2 of the Loan Modification Agreement *Please add the appropriate number of initial lines for each <br /> Order Number.8079008 signatory over 4 <br /> MERS MIN:100188508060253535 MERS Phone 1-888-679-6377 <br />