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201504432 <br /> 1. As af fiz-st day of September, 2014 the amount payable under the Note and the Security <br /> Instrument {the `Unpaid Principal Balance') is U.S. $56,935.97 consisting of the �anpaid <br /> amount(s)loaned to Borrower by Lender plus any i�terest and other amounts capitalized. <br /> 2. Borrnwer promises to pay the jlnpaid Princi�al �ialance, Plus interest, to the nrder nf <br /> Lenc�er. Interest will be charged on the Unpaad Principal Balance and continuing <br /> thereafter until the Matur�ty Date (as hereinafter definecl), on the first day of August, <br /> 2044, at the yearly rafie of a.S00% froz� fizst day of August, 2014. Borrower pramises to <br /> pay monthly payznents of prizacipal and interest in the amount of U.S $255.67 beginr�ing <br /> on the first day af September, 2014 and shall continue the �nonthly payments thereafter <br /> on the sam� day of each succeeding month until principal and interest are paid in full. <br /> The new Maturity Date will be August Ol, 20�4. <br /> Ro�r�-ower's payment schedule for the modified Loan is as follows for the term of 30 years: <br /> ]nterest InYerest Interest Rate Change bate MonthEy Principal Paymcnt Bepins pn Number of <br /> Rate Aate and]nterest Monthlv <br /> Change Payment Amount Pavments <br /> l 3.500% first day of August,2019 $255.67 first day of Se tember,201� 360 <br /> If on August Ol, 2044 (the `Maturity Date'), Borrower still owes arnotu�ts und�r th�Note <br /> anc� Security Instr�unenf, as amended b}T this Agreem�nt, Borrower will pay these <br /> amnunts in full �n the Maturity l�ate. <br /> �. If all or any part of tl�e Property or any interest in the Property is sold or transferred (or if <br /> Borrower is not a natural persan and a beneficial interest in Borrower is sold or <br /> transferred) without Lender's prior u�-itten consent, Lender may require itnmediate <br /> payment�full of alI sums secured by the Sectzrity Instrrament. <br /> If Le�dex exercises this �ption, Lender shall give Sorrower notice of acceleration_ The <br /> notice shall provide a period of not less than 30 days from the date the notice is delivered <br /> or mailed within which Borro�ver must pay aIl sums secuxed by the Security Insta��rnent. <br /> If Borrower fails to pay these sums prior to the expiration of this period, Lender may <br /> invoke any remedies permitted by the Security Inst�uzne�t wit�out �urtkzer notice or <br /> demand on]3orrower. <br /> 4. Borrower also will comply with all other covenants, agreements, and requirerzaents of the <br /> Security Instrument, includiz�g without li�itation, Borroti�er's covenants and agreements <br /> to make all payments of taxes, insurance premiums, assessments, escrow itexns, <br /> imp�unds, axzd all olher payrnenis that Borrower is obligated to make under the Security <br /> I��strument; however, the following tenl�s and provisions are forever cal�celed, n�ll and <br /> void, as of the date specified in paragraph No. 1 above: <br /> (a} all terms and provisions ofthe Nate and Security Instrument (if any) providin� for, <br /> implementing, or relating to, any cl�ange or adjustment in the rate of interest <br /> payable ��nder the Note, including, where applicable, the Timely Payment Reti�vards <br /> rate reductic�n, as described. in �aragrap� D. �f tb.e Timely Payment T����ards <br /> Addendum to Note and paragraph A.1. of the Timely Pay-ment Rewards Rider. By <br /> � <br /> ERIC K MCCARVILLE; � Inetials <br /> LOAI!�'IOAIFICATION AGREENJEIlT--Sin�*Ie Family—Fannie Mae Uniform dnstrument Form 3179 06!(P6(rev.01/�4) <br /> _ _ __ _._.. . __ _ _ " --.�_,....... <br />