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201309037 F. On November 1, 2013 and on the first day of each month thereafter until all of the obligations due under the Modified Loan Documents are paid in full, Borrower must make monthly payments of $711.57 (each, a "Monthly Payment "). Each Monthly Payment includes principal and interest of $393.78, plus the current required escrow payment of $317.79. My required escrow payments will likely adjust periodically in accordance with applicable law. If an escrow adjustment occurs, my total monthly payment would change accordingly. G. I will be in default if I do not comply with the terms of the Modified Loan Documents. 4. Additional Agreements. I understand and agree: A. I accept the risks of entering into this Agreement. These risks include (but are not limited to): (1) The FHA's subordinate lien will require a balloon payment when I pay off, sell, or refinance the Property, which may make these things more difficult to do. The FHA's subordinate lien may also make it more difficult to get additional subordinate lien financing. (2) My modified loan will have a fixed interest rate that will not change. As a result, if the interest rate in my Loan Documents could go up and down based on changes in an index, my new fixed interest rate might sometimes be higher than I would have paid before this modification. B. I authorize Lender to attach an Exhibit A to this loan modification, which will include a Legal Description, recording information of the original security instrument, and any other relevant information required by a County Clerk (or other recordation office) to allow for recording if and when Lender seeks recordation. C. All persons who signed the Loan Documents or their authorized representative(s) have signed this Agreement, unless (1) a borrower or co- borrower is deceased; (2) the borrower and co- borrower are divorced and the Property has been transferred to one spouse in the divorce decree, in which event the spouse who no longer has an interest in the Property need not sign this Agreement (although the non - signing spouse may continue to be held liable for the obligation under the Loan Documents); or (3) Lender waived this requirement in writing. D. This Agreement supersedes the terms of any modification, forbearance, trial period plan, or workout plan that I entered into with Lender before the date of this Agreement. Loan Modification Agreement (FHA -HAMP Modification with Partial Claim) One- to Four - Family Bank of America, NA (rev 02/07/13) Page 4 IAnN11111111IInI11INn111nInN111111INIIi��I11pIIII1t1IINIMNI11111I1111IIIII11I11Nl10l11lnlllllpl