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Loan No: 0500681492 Data ID: 796 2. Acknowledgements and Preconditions to Modification. I understand and acknowledge that: A. TIME IS OF THE ESSENCE under this Agreement; If prior to the Modification Effective Date as set forth in Section 3 the Lender determines that my representations in Section 1 are no longer true and correct, the Loan Documents will not be modified and this Agreement will terminate and the Subordinate Note and Security Instrument will not be in effect. In this event, the Lender will have all of the rights and remedies provided by the Loan Documents; and C I understand that the Loan Documents will not be modified unless and until (i) I receive from the Lender a copy of this Agreement signed by the Lender, and (ii) the Modification Effective Date (as defined in Section 3) has occurred. I further understand and agree that the Lender will not be obligated or bound to make any modification of the Loan Documents if I fail to meet any one of the requirements under this Agreement. 3. The Modification. If my representations in Section 1 continue to be true in all material respects and all preconditions to the modification set forth in Section 2 have been met, the Loan Documents will automatically become modified on May 1, 2014 (the "Modification Effective Date ") and all unpaid late charges that remain unpaid are waived. The Loan Documents will be modified and the first modified payment will be due on June 1, 2014. A. The new Maturity Date will be: May 1, 2044. B. The modified Principal balance of my First Lien Note will include all amounts and arrearages that will be past due (excluding unpaid late charges) less any amounts paid to the Lender but not previously credited to my Loan. The new Principal balance of my First Lien Note will be $121,982.90 (the "New Principal Balance "). $26,013.46 of the New Principal Balance will be the amount of the Subordinate Note ( "Subordinate Note ") and I will not pay interest or make monthly payments on this amount. The New Principal Balance less the amount of the Subordinate Note shall be referred to as the "Interest Bearing Principal Balance" and this amount is $95,969.44. Interest at the rate of 4.625% will begin to accrue on the Interest Bearing Principal Balance as of May 1, 2014 and the first new monthly payment on the Interest Bearing Principal Balance will be due on June 1, 2014. My payment schedule for the modified Loan is as follows: 201406492 FHA HOME AFFORDABLE MODIFICATION AGREEMENT 10/09 (Page 3 of 8 Pages)