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A. TIME IS OF THE ESSENCE under this Agreement. This means I must make all payments on or before the days that they are due; B. If prior to the Modification Effective Date as set forth in Section 3 the Lender /Mortgagee determines that any of my representations in Section 1 are no longer true and correct, the Loan Documents will not be modified and this Agreement will terminate. In that event, the Lender /Mortgagee 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 /Mortgagee a copy of this Agreement signed by the Lender /Mortgagee, and (ii) the Modification Effective Date (as defined in Section 3) has occurred. I further understand and agree that the Lender /Mortgagee 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. D. I understand and agree that if I was discharged in a Chapter 7 bankruptcy proceeding subsequent to the execution of the Loan Documents, I am voluntarily entering into this modification for the benefits to be obtained thereby and not as a reaffirmation of the debt evidenced by the Note, and I further understand and agree, and the Lender /Mortgagee, by its execution of this Agreement also agrees, that nothing contained herein is intended to impose personal liability for the Loan in violation of such discharge. 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 APRIL 01, 2015 (the "Modification Effective Date ") and all unpaid late charges that remain unpaid will be waived. I understand that if I have failed to make any payments as a precondition to this modification under a workout plan or trial period plan, this modification will not take effect. The first modified payment will be due on APRIL 01, 2015. A. The new Maturity Date will be: MARCH 01, 2045. B. The modified principal balance of my Note will include amounts and arrearages that will be past due as of the Modification Effective Date (including unpaid and deferred interest, fees, escrow advances and other costs, but excluding unpaid late charges, collectively, "Unpaid Amounts ") less any amounts paid to the Lender /Mortgagee but not previously credited to my Loan. The new principal balance of my Note will be $47,300.04 (the "New Principal Balance "). I understand that by agreeing to add the Unpaid Amounts to the outstanding principal balance, the added Unpaid Amounts accrue interest based on the interest rate in effect under this Agreement. I also understand that this means interest will now accrue on the unpaid Interest that is added to the outstanding principal balance, which would not happen without this Agreement. C. Interest at the rate of 3.375% will begin to accrue on the New Principal Balance as of MARCH 01, 2015 and the first new monthly payment on the New Principal Balance will be due on APRIL 01, 2015. My payment schedule for the modified loan is as follows: FHA /JPMC MODIFIED MULTISTATE HOME AFFORDABLE MODIFICATION AGREEMENT — Single Family — Fannie Mae /Freddie Mac UNIFORM INSTRUMENT ver. 02_14_2015_03_35_03 WF466 /Form 3157 3/09 (rev. 2- 23 -10) IIH Pi* OFIR 1111 201501613 Loan Number 1967519652 CR34825 (page 3 of 10 pages)