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201506387 <br />beginning on 10/01/14 and continuing thereafter on the same date of each succeeding month until <br />principal and interest are paid in full. <br />If on 09/01/44 (the "Maturity Date "), the Borrower still owes amounts under the Note and Security <br />Instrument, as amended by this Agreement, the Borrower will pay those amounts in full on the Maturity <br />Date. All other terms stated in the Note remain the same. <br />3. If all or any part of the property or any interest in it is sold or transferred (or if a beneficial interest in <br />the Borrower is sold or transferred and the Borrower is not a natural person) without the Lender's prior <br />written consent, the Lender may, at its option, require immediate payment in full of all sums secured by <br />the Security Instrument. <br />If the Lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice <br />shall provide a period of not less than 30 days from the date the notice is delivered or mailed within <br />which the Borrower must pay all sums secured by the Security Instrument. If the Borrower fails to pay <br />these sums prior to the expiration period, the Lender may invoke any remedies permitted by the <br />Security Instrument without further notice or demand on the Borrower. <br />4. That, as of the Modification Effective date, I understand that the Lender will only allow the transfer <br />and assumption of the Loan, including this Agreement to a transferee of my property as permitted under <br />the Garn St. Germain Act, 12 U.S.C. Section 1701j-3. A buyer or transferee of the Property will not be <br />permitted, under any other circumstance, to assume the loan. Except as noted herein, this Agreement <br />may not be assigned to, or assumed by, a buyer or transferee of the Property. <br />5. The Borrower also will comply with all the other covenants, agreements, and requirements of the <br />Security Instrument, including without limitation, the Borrower's covenants and agreements to make all <br />the payments of taxes, insurance premiums, assessments, escrow items, impounds, and all other <br />payments that the Borrower is obligated to make the under Security Instrument; however, the following <br />terms and provisions are forever canceled, null, and void, as of the date specified in paragraph No. 1 <br />above: <br />(a) allterms and provisions of the Note and Security Instrument (if any) providing for, <br />implementing, or relating to, any change or adjustment in the rate of interest payable under the <br />Note; and, <br />(b) all terms and provisions of any adjustable rate rider or other instrument or document that is <br />affixed to, or part of, the Note and Security Instrument and that contains any such terms and <br />provisions as those referred to in (a) above. <br />6. Nothing in this Agreement shall be understood or construed to be a satisfaction or release in whole or <br />in part of the Note and Security Instrument. Except as otherwise specifically provided in this Agreement, <br />the Note and Security Instrument will remain unchanged, and the Borrower and Lender will be bound by <br />and comply with, all of the terms and provisions thereof, as amended by this Agreement. <br />7. It is mutually agreed that the Security Instrument shall constitute a first lien upon the premise and that <br />neither the obligation evidencing the aforesaid indebtedness nor the Security Instrument shall in any way <br />be prejudiced by this Agreement, but said obligation and Security Instrument and all the covenants and <br />agreements thereof and the rights of the parties there under shall remain in full force and effect except as <br />herein expressly modified. <br />8. Not withstanding the foregoing, to the extent personal liability has been discharged in bankruptcy with <br />respect to any amount payable under the Note, as modified herein, nothing contained herein shall be <br />