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If I received a discharge in a Chapter 7 Bankruptcy proceeding subsequent to the execution of the Loan Documents, Lender agrees that I will not have personal liability on the debt pursuant to this Agreement, 2. Acknowledgements and Preconditions to Permanent Modification. I understand and acknowledge that: A. Prior to the Modification Effective Date as set forth in Section 3 below, if Lender determines that any of my representations in Section 1 above are no longer true and correct, the Loan Documents will not be modified and this Agreement will terminate. In that event, Lender will have all of the rights and remedies provided by the Loan Documents. B. The Loan Documents will not be modified unless and until (1) Lender approves this Agreement and (2) the Modification Effective Date (as defined in Section 3 below) has occurred. In addition, Lender will not be obligated to modify the Loan Documents if I fail to meet any of the requirements under this Agreement. 3. The Modification. If all of my representations in Section 1 above continue to be true in all material respects and all preconditions to the modification set forth in Section 2 above have been met, the Loan Documents will automatically become modified on July 1, 2015 (the "Modification Effective Date ") and all unpaid late charges that remain unpaid will be waived. If I have failed to make any payments that are a precondition to this modification, this modification will not take effect. A. The new Maturity Date will be June 1, 2045. B. As of the Modification Effective Date, the new principal balance of my Note is $82,678.05 (the "New Principal Balance "). In servicing your loan, the Bank may have incurred third -party fees or charges that were not included in the terms of this Agreement. If so, these fees and charges will appear on your monthly statement under "Fees and Charges." These fees and charges will not accrue interest or late fees. You may pay these fees and charges at any time. If not previously paid, you must pay these fees and charges at the earliest of (1) the date you sell or transfer an interest in the Property, (2) the date you pay the entire New Principal Balance, or (3) the Maturity Date. C. Interest at the fixed rate of 4.000% will begin to accrue on the New Principal Balance as of June 1, 2015 and my first new monthly payment on the New Principal Balance will be due on July 1, 2015. My fully amortizing payment schedule for the modified Loan is as follows: 1111111 11111 11111 11111 11111 11111 11111 111111111 e 3 4 11 22446 P8 / C 111 I I I I 11111 1111111111 11111 111111111KG 01 1 I I I I I I I I I I I I I I I I 111 111 11111 -6 I I 1 11111 I I 11111111 Pa 201505280