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201504432 executin� this Agreement, Barrower �vaives any Timely Payment Rewards rate reduction ta��hich Borrower may have otherwise b�en entitled; and (b) all terrns and provisions of any adjustable rate rider or TimeIy Payment Re��vards Rider, where applicable, or other instrument or document that is affiYed to, wholly or partially incorporated into, or is part o�, the Note or Security Instrument and that contains any such t�rms and pravisions as those referred to in(a) abave. 5. Borrower understands and agrees that: (a) All the rights and remedies, stipulations, and conditions contained in the Security Instrument relating to de�au�t in t�e �akzng o£ payznents under the SecurFty Instrument shall also apply to de�ault in the making ofi the madi�ied pay�nents hereunder. (b) Ali eo�renants, agreements, stipulations, and conditions in the Note �nd 5ec�ri#y Instr�unent shall be a��d remai�i in full force and effect, exce�t as herein i�iodified, and none of the Borrower's obligations or liabilities uz�der the �ote and Security Instrument shall be diminished or released by any provisions hereof, nor shall this Agreement in any way irnpair, diminish, or affect an}r of Lender's rights under or remedies on the Note and Security Instrument_ whether such rights ar remedies arise thereunder or by operation of law. Also, all rights of recourse to which�.ender is presently entitled against ax�y property or a�y o�l�er persons in any way obligated for, or liable on,the Note and Sect�rity Instrtu�nent are expressly reserved by Lender. (c) I�othing in this Agreement shall be understoad or construed to be a satisfaction or release in whole or in part of the Note and Security Instrument. (d) All costs and expenses incurred by Lender in cozaaaection with this �greement, including recording fees, title exaznination, and attorney's fees, shall be paid by the Borrower and shall be secured by the Security Instrumer�t, unless stipulated ot�zerwise by Lender_ (e) Borrower agrees to make and execute such other documen#s or papers as naay be necessary or required ta effectuate the terms and conditions of this Agreernen� uhich, if approved and accepted by Lender, shal� bi�d and inure to the heirs, executors, adivinistrators, and assigns of t1�e Borrower. 6. By this paxagraph, Lender is notif;�ing Borrower that any prior wai�er by Lender of Borrower's oblzgation to pay to Lender Funds fmr any or all Escrow Ttezns is hereby revoked, anc� Bon-owex has been ad��iseci of the amount needed to fully fiznd tl�e Esci•ow Ite�ns. 7. Borrowcr will pay to Lender on the day payz�nents are due under the Loan Documents as amended by this 1lgreernent, until the Loan is paid 'zrz full, a sum (the `Funds') to provide �or pay�nent of amounts due for: (a} taxes and assessments and other items which can attain priarity over the Mortgage as a lien or encumbrance on the Properiy; (b) Ieasehold ERTC TC_ViCCARVTI.LE; L�_.�%!� Initials LOAN MODIFICATION AGREEMENC�-Single Fam[ly--Fannie Mae Uniform[nstrumeat Form 3fl79 46I06(rev.Ol!09)