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Iw <br />I I <br />MINNEMMIIP? <br />11111 <br />2014021 97 <br />Loan Number 1878233026 <br />My payment schedule for the modified Loan is as follows: <br />I promise to pay interest on the New Principal Balance at the rate of 4.500% annually. I <br />promise to make consecutive monthly payments of principal and interest in the amount of <br />$681.24, which is an amount sufficient to amortize the New Principal Balance over a <br />period of 360 months. <br />The above terms in this Section 2.0 shall supersede any provisions to the contrary in the Loan <br />Documents, including, but not limited to, provisions for an adjustable or step interest rate. <br />D. I agree to pay in full (1) the New Principal Balance, and (ii) any other amounts still owed <br />under the Loan Documents, by the earliest of the date I sell or transfer an interest in the <br />Property, subject to Section 3.E below, the date I pay the entire New Principal Balance, or <br />the Maturity Date. <br />E. I will be in default if I do not (1) pay the full amount of a monthly payment on the date it is <br />due, or (ii) comply with the terms of the Loan Documents, as modified by this Agreement. <br />If a default rate of interest is permitted under the current Loan Documents, then in the <br />event of default, the interest that will be due on the New Principal Balance will be the rate <br />set forth in Section 2.C. <br />3. Additional Agreements. 1 agree to the following: <br />A. That this Agreement shall supersede the terms of any modification, forbearance, or <br />workout plan, if any, that 1 previously entered into with the Lender. <br />B. 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 the Loan <br />Documents, including my agreement to make all payments of taxes, insurance premiums, <br />assessments, impounds, and all other payments, the amount of which may change <br />periodically over the term of my Loan. This Agreement does not waive future escrow <br />requirements. If the Loan includes collection for tax and insurance premiums, this <br />collection will continue for the life of the Loan. <br />C. That the Loan Documents are composed of valid, binding agreements, enforceable in <br />accordance with their terms. <br />D. 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 and I will be bound by, and will comply with, all of the <br />terms and provisions of the Loan Documents. <br />WF101 LOAN MODIFICATION AGREEMENT - CHAMP ver. 12_19_20131100_36 Page 3 of 8 pages <br />12.2013CR4063c CR4064c CR4127c <br />WF101 <br />