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' ' 2� 1 ��3831 . . , . � B. i understan� tihat the LQan Docurnents wi�l not be modified unless and untiI (i} I recei►ve from the Lender a c�py of this Agreement sign�d by the Lender, and tii��he Modif cation Effective Da�e(as def ned in Sectian 3} has accurred. I further understand and agree that the Lender will not b� obli�at�d nr bound to rnake any modification of the Loan Documents if I faif to mee�any one of the reauirernents under this Agreement. C, Tf included, the undersigned borrav�ver�s} ac�Cnawledges recei�t and acceptance af�he Natice of Special Flaod Hazard dis�Iasure. 3. The Modifcation. if my representativns in 5e�tion 1 continue��be fi-ue in ail material respects and a�1 prec,�nditions to the modification set fnr�h in 5ectivn Z have been met, the Loan Dacuments vwill autamaticaZ�y become modified on JUNE 1,ZU16 and all unpaid late charg�s that remain unpaid w�ll be v�vaiWed. I understand that if I ha�e failed tv rnake any payments as a precandition t� fhis modification under a Mortgag� Assistance or triat period plan,this modification wil� na�take effect.The first modifed payment wil�be due on JUNE 1,2016. . A. The new Maturity Date will b�:flCT�BEit �,2�3�. B. The modified principal balance of my Note will include amounts and arrearages that will be pas� due as of the Modification EffectiWe Date �including unpaid and deferred interest, fees, es�row ad�ai�ces and nther costs, but excludir�g unpaid late charges, ►valua#�ian, property pres�r�ati�n, and other charges not permitted under tl�e t�rms af t�ie HAMP modification, coilecti�ely, "Unpaid Amounts"} less any amounts paid to #he Lender �ut not pre�iaus�y credited to my Loan and less Principai in the amount of�335.78 which has been forgiWen.The ne�v principal balance nf my Note wi�l be �Z4,64�.9G��he"New Principa� Balance"}. I understand that b}r agreeing to add the Unpaid Amaunts to the outstal�ding principal hala.nce, the added Unpaid Amou�its aecrue interest based on the interest rate in effect under this Agr�ement. � also understand that this means interest wi�i now � accrue on the unpaid Interest that is added to the outstand ing principai balance, which would not happen with�ut this Agreement. �. Interest at the rate of 2.0000% wi�l begin to accrue on the New Princ�pa! Balance as of MAY 1, 241G and the firs� nev�r manthly payment on the New Principal Balance wi�l be due on JUNE 1, 2U15 Interest due an �ach manth�y payment vvill be calculated by rnultiplying the New Pr�ncipal Balance and the interest rate in effect at the tirne of calculativn and di�iding the result b}� twel�e �1 Z}. My payment schedule far the modified Loan�s as follows: Manths rnteres�Rate Interest Rate Mvnthiy Principal Manthly Total Paymenf Change Date and Interest Payment Escraw Monthly Begins❑n Payment Payment'� Amount* 60 Z.00OD% �SID 1 IZO Z G �164.08 $175.69 $3 39.77 D61U 112D 16 12 �.��DO% OSIOIIZ�21 $17�.73 $i75.69 $347.�2 a610I12�21 101 3.625D% �SID 1l2U22 �176.12 $175.6g $351.81 06101IZi�Z2 �This includes an escraw sh�r�age amount to be paid a�er the first 6U month term.After your ' modif cation is complete, escrow paymen#s adjust at least annually in accordance with applicable law therefore,the to#a1 monthly payment rt�ay�hange ac�arding�y. Wells Far�o Custum Hoine Afferdable Modification Agreement-Nnn-GSE 10042�15_329 7dg;�� Page 3 .