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FHA/JPMC MODIFIED MULTISTATE HOME AFFORDABLE MODIFICATION AGREEMENT — Single Family — Fannie
<br />Mae/Freddie Mac UNIFORM INSTRUMENT ver. 08_15_2013_12_36_26 WF466 /Form 3157 3/08 (rev. 2- 23-10)
<br />(page 5 of 10 pages)
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<br />B. That this Agreement shall supersede the terms of any modification, forbearance, Trial
<br />Period Plan or Workout Plan that I previously entered into with Lender /Mortgagee.
<br />C. To comply, except to the extent that they are modified by this Agreement, or by the U.S.
<br />Bankruptcy Code, with all covenants, agreements, and requirements of FHA in connection
<br />with the Program, and the Loan Documents including my agreement to make all payments
<br />of taxes, insurance premiums, assessments, Escrow Items, impounds, and all other
<br />payments, the amount of which may change periodically over the term of my Loan.
<br />D. If under applicable law, a servicer may not establish an escrow account for the subject
<br />mortgage loan.
<br />E. That the Loan Documents are composed of duly valid, binding agreements, enforceable in
<br />accordance with their terms.
<br />F. That all terms and provisions of the Loan Documents, except as expressly modified by
<br />this Agreement, or by the U.S. Bankruptcy Code, remain in full force and effect; nothing in
<br />this Agreement shall be understood or construed to be a satisfaction or release in whole
<br />or in part of the obligations contained in the Loan Documents; and that except as
<br />otherwise specifically provided in, and as expressly modified by, this Agreement, or by the
<br />U.S. Bankruptcy Code, the Lender /Mortgagee and I will be bound by, and will comply with,
<br />all of the terms and conditions of the Loan Documents.
<br />G. That, as of the Modification Effective Date, notwithstanding any other provision of the
<br />Loan Documents, I agree as follows: If all or any part of the Property or any interest in it is
<br />sold or transferred without Lender's/Mortgagee's prior written consent, Lender /Mortgagee
<br />may, at its option, require immediate payment in full of all sums secured by the Mortgage.
<br />However, Lender /Mortgagee shall not exercise this option if state or federal law, rules or
<br />regulations prohibit the exercise of such option as of the date of such sale or transfer. If
<br />Lender /Mortgagee exercises this option, Lender /Mortgagee shall give me notice of
<br />acceleration. The notice shall provide a period of not less than 30 days from the date the
<br />notice is delivered or mailed within which I must pay all sums secured by the Mortgage. If I
<br />fail to pay these sums prior to the expiration of this period, Lender /Mortgagee may invoke
<br />any remedies permitted by the Mortgage without further notice or demand on me.
<br />H. That, as of the Modification Effective Date, I understand that the Lender /Mortgagee will
<br />only allow the transfer and assumption of the Loan, including this Agreement, to a
<br />transferee of my property as permitted under the Garn St. Germain Act, 12 U.S.C. Section
<br />1701j -3. A buyer or transferee of the Property will not be permitted, under any other
<br />circumstance, to assume the Loan. Except as noted herein, this Agreement may not be
<br />assigned to, or assumed by, a buyer or transferee of the Property.
<br />I. That, as of the Modification Effective Date, if any provision in the Note or in any
<br />addendum or amendment to the Note allowed for the assessment of a penalty for full or
<br />partial prepayment of the Note, such provision is null and void.
<br />J. That, I will cooperate fully with Lender /Mortgagee in obtaining any title endorsement(s), or
<br />similar title insurance product(s), and /or subordination agreement(s) that are necessary or
<br />required by the Lender's/Mortgagee's procedures to ensure that the modified mortgage
<br />loan is in first lien position and /or is fully enforceable upon modification and that if, under
<br />any circumstance and not withstanding anything else to the contrary in this Agreement,
<br />the Lender /Mortgagee does not receive such title endorsement(s), title insurance
<br />product(s) and /or subordination agreement(s), then the terms of this Agreement will not
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<br />BM 11111
<br />201308193
<br />Loan Number 4502825348
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