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201402197
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Last modified
8/19/2014 2:25:50 PM
Creation date
4/16/2014 8:20:52 AM
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DEEDS
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201402197
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20140219,' <br />Loan Number 1878233026 <br />E. 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 the Lender's prior written consent, the Lender may, at its <br />option, require immediate payment in full of all sums secured by the Mortgage. However, <br />the Lender shall not exercise this option if federal law prohibits the exercise of such option <br />as of the date of such sale or transfer. If the Lender exercises this option, the Lender shall <br />give me notice of acceleration. The notice shall provide a period of not less than thirty (30) <br />days from the date the notice is delivered or mailed within which I must pay all sums <br />secured by the Mortgage. If I fail to pay these sums prior to the expiration of this period, <br />the Lender may invoke any remedies permitted by the Mortgage without further notice or <br />demand on me. <br />F. That, as of the Modification Effective Date, a buyer or transferee of the Property will not be <br />permitted, under any circumstance, to assume the Loan. In any event, this Agreement <br />may not be assigned to, or assumed by, a buyer of the Property. <br />G. If any document is lost, misplaced, misstated or inaccurately reflects the true and correct <br />terms and conditions of the Loan Documents as amended by this Agreement, within ten <br />(10) days after my receipt of the Lender's request, I will execute, acknowledge, initial, and <br />deliver to the Lender any documentation the Lender deems necessary to replace or <br />correct the lost, misplaced, misstated or inaccurate document(s). If I fail to do so, I will be <br />liable for any and all loss or damage which the Lender reasonably sustains as a result of <br />my failure. <br />H. All payment amounts specified in this Agreement assume that payments will be made as <br />scheduled. <br />That, if the Borrower is in bankruptcy upon execution of this document, the Borrower will <br />cooperate fully with the Lender in obtaining any required bankruptcy court and trustee <br />approvals in accordance with local court rules and procedures. The Borrower understands <br />that if such approvals are not received, then the terms of this Agreement will be null and <br />void. If this Agreement becomes null and void, the terms of the original Loan Documents <br />shall continue in full force and effect, and such terms shall not be modified by this <br />Agreement. <br />J. If the Borrower(s) received a discharge in a Chapter 7 bankruptcy subsequent to the <br />execution of the Loan Documents, the Lender agrees that such Borrower(s) will not have <br />personal liability on the debt pursuant to this Agreement. <br />K. That in agreeing to the changes to the original Loan Documents as reflected in this <br />Agreement, the Lender has relied upon the truth and accuracy of all of the representations <br />made by the Borrower(s), both in this Agreement and in any documentation provided by or <br />on behalf of the Borrower(s) in connection with this Agreement. If the Lender <br />subsequently determines that such representations or documentation were not truthful or <br />accurate, the Lender may, at its option, rescind this Agreement and reinstate the original <br />terms of the Loan Documents as if this Agreement never occurred. <br />WF101 LOAN MODIFICATION AGREEMENT - CHAMP ver. 12_192013_11_00_36 Page 4 of 8 pages <br />12.2013CR4063c CR4064c CR4127c <br />WF101 <br />VEMOVI'l <br />§;1, <br />
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