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<br /> . In cansideration of the mutual promises and agreements exchanged, the parties heret� agree as foll�ws
<br /> �notwithstandir�g anything to the contrary cantained in the Note or Security Instrument};
<br /> 1. Borrvwer agrees that �ertain amounts owed will nat be capital�zed, wai�ed, or addressed as part of this
<br /> Agreement, and will remain owed until paid. These amounts owed are referenced in the ���er Letter to
<br /> this Agreement,which is incorporated herein,and are tv be paid with the return of this executed Agreement.
<br /> If these amounts owed are not paid with the return of this executed Agreement,then L�nder may deem this
<br /> Agreement�vid.
<br /> 2. As of, ALT�UST 1, 2414 the amount payable under the Nate and the Secur�ty instrument �the "Unpaid
<br /> Principal Balance"} is U.S. $�2,871.48, cansis�ing of the amount�s} loaned ta Borrovver by Lender, plus
<br /> capitalized interest in the amaunt of U.S. $�.�0 and ather amounts capitalized, which is lirnited to escrows
<br /> and any legal fees and related f�reclo�ure costs that may have �een accrued for work completed. This
<br /> i]npaid Principal Balance has heen reduced by the contemporaneous HUD Partial Claim arnount of
<br /> $1,Z42.52. This agreement i5 conditioned on the proper execution and recordin�of this HUD Partial
<br /> Claim.
<br /> 3. Borrawer pr�mises t� pay the Unpaid Princi�al Balance, plus interest, to the order of Lender Interest wi�l
<br /> be charged on the Unpaid Principal Balance at the yearly rate of 4.G254%, fram AUGL]ST 1, Z�14. The
<br /> Borrower pramises to make monthly payments of principat and interest af U.S. $477,49, beginning on the
<br /> 1ST day of SEPTEMBER, �014, and continuing ther�after on the same day of�ach succeeding rnonth
<br /> until principal and interest are paid in full.If on AUG[7ST 1,2�44(the"Maturity Date"},the Borrower sti11
<br /> owes amaunts under the Note and the S�curity Instrument, as amended by this Agreement, Borrower vvill
<br /> pay these amounts in full on the Maturity I]ate.
<br /> 4. If al� ar any part of the Property or any interest in it is 5o1d or transferred �or if a beneficial interest in the
<br /> Borrower is said or transferred and the Borrower is not a natural person}without the Lender's prior written
<br /> ConSent,the Lender may require irnmediate payment in full of all sums secured by�his 5ecurity Instrument.
<br /> If the Lender exercises this option, the Lender sha11 gi�e the Borrower nntice of acce�era�ion. The notice
<br /> shall pro�ide a p�riad of nat less than 3� days fram the date the notice�s delivered or mail�d within which
<br /> the Borrower must pay all sums secured by this Security Instrumen�.If the Borr�wer fa�ls to pay th�se sums
<br /> priar tn the expiration of this periad, the Lender may invoke any remedies permitt�d by this Security
<br /> Instrument without further notice or demand on the Borr�wer.
<br /> 5. The Borrawer agrees�o make and execute such other documents nr papers as may be necessary ar required
<br /> to effectuate the terms and conditians af this Agreement.
<br /> G. Th� Barrower also will comply with a11 ather co�enants, agreements, and requirements of the Security
<br /> Instrument, including without limitation,the Borrower's co�enants and agreernents ta mak�all payments of
<br /> taxes, insurance premiurns,assessrnents, escrow items, impaunds,and al�other payments that the Borrower
<br /> is abligated to make ut�der the Security Instrument;howe�er,the following terms and pro�isions are forever
<br /> canc�lled,null and�oid,as of the date specified in Paragraph No. 1 aba�e:
<br /> �a} all terms and pro�isions of the Note and S�curity Instrument tif any} pra�iding for, implementing,or
<br /> relating to,any change or adjustment in the rate of interest payable under�he Note;and
<br /> �h} all terms and pro�isions of any adjustable rate rider,or other instrum�nt or document that is aff xed
<br /> to, wholly or partially incorporated into, flr is part af, the Nate or Security Instrurnent and tha�
<br /> contains any such terms and pro�isi�ns as those referred�o in�a}abo�e.
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<br /> i�C.�
<br /> VVells Fargo Custom FHA HAMP Loan Modificatian Agreement 9361uI�����qIINl��ll����lll���l��
<br /> 1Q142014 258
<br /> First American Mvrtgage Ser�ices page Z
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