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� �` ' 2� 1 ��5572 . ' � ► , , � r d�I�vered ar mai��d ��v��hi�� vhiGh Borro�u�r rn��st pay a�� sums s�cured by �he Loan I�acume��s. If Borrower fails to pay these sums prior to th� �xpirat�on �f this period, L��id�r �na� in��k� any remedies perrriitted by th�i�oan Daci�ments�vithout further natice ar d��an�an�orrower, H. If BorrovWer has a pay op�ion ad�us�able rate martgage Laan, �pan tnodifcation, the min�mum mont}Ily pa�n�ent op�iarl, �l�e in�eres�-on�y or any o�h�r payment aptions w�11 n� long�r be off�red and�hat the monthly payments described in�he abo�e payment sch�dule for my madif�d Loar��vill be t��e minixrium payment tl�at dvill be due ea�h month far the r�main�ng term of�he Loan. [. �f Borro�ver faiis tn pa� Lender t��e am�unx due and ovc+ing or xo pay any manth�y payment an the dates above, Borro�er sh�.11 surr�nder the Property to Lender. If ��rrower fails or refirs�s to surr�nder the Pr�perty to Lender,Lend�r may exercise any�and al�remedies to recover the Praperry a.� may be aWai�ab�e tu L�nder pursuant �� s securit� interest and Ii�� and app�icabl� Iaw, These remedies may incrude t}le recvvery of reasonable attar��ey's fees actua�ly incurred, plus iega� expenses and expenses for enterin�on the Propert� xa mak� repairs in any foreclosure action filed to enfor��the Lender lien. Lender's ri�h�s a.nd remedies extend only ta tl�e Property,and an�action related to t�ie Property itself�nd nat to recc�Wery of aily amou�lt owed �o Lender under�he Note as mo�zfied l�erein,�vl�ich I�as been discharged in bankru.ptcy. J. If incli�ded, the ��r�dersigned Borrovver�s} acknowledge receipt and accep�ance af�he l-4 Family Madification A�reement Rider Assignrrtent af Rents. �.. If included, �he undersigned �orrower�s} acknflwledg� receipt �nd a�cep�ance of the Notice of 5pecial Flood Hazard disc�osure. L. C�RR.ECTI�N �1GREEMENT; Th� ur�dersigned Borrav�rerts�, for aXid in ear��ideratioi� af tI�e apprava�,elasing and funding of this iVlodificatian,h�reby gran�s�e�is Farga Hame Morfga�e,as lender, limi�ed pow�r of attorne� to c�rrect aridlor initiai ali t�pographical or clerica� errars d�s�avered ir1�he Modifica�ion A�reement reauired to be signed. �n the event this iimited pawer of attarne� is exercised,t��e u��dersi�ned wi�� be n��ified and receive a capy of the docun�ent execut�d or �nitialed �n their behalf. This p�•or��ion r�7a� not be used �o rr�adify the in�e�-est rate, madify the term, modify the outst�nding prin�ipal balance or madify the und�rsigned's month�y principal and interest payir�ents as modif ed b�this Agreeme��t.Any of t��ese specified chai�ges mus�be execu�ed directly by t�e u��dersig�ied. T��is limited power of attorney shal� au�omatica�ly terminate ii� �20 days froxn rhe closing date of the t�ndersigned's Modifca�ian. BarrQwer agrees�o make ar�d execu�e such other documents ar papers as necessary or re�uire� �o effectua�e the #erms and conditians of ��.�s Ag�eement �lxicl�, if appro�ed and accepfed by Lettder, sha�I bind and inure to �heir heirs, execu�ors,ad�ni��strators.and assigns of the Bnrro�ver. M. �f fhe Borrovrrer's Laan is curr�ntly in forecloscire, the Lendet•�vili attempt to suspend or cance�the f�r�closur� ac�zan upan receip�flf the firs� paymen�accord ing to�h�s Agreement. Lender a�rees to suspend further collectian efforts as Iang as B�rrow�rs canti��ue �r�aking the reaui�red payments uYider this Agreement. N. A�l the rights and remedi�s, stipulations, and canditions eantained in t�le Loan Dacumen�s relating ta defau�t iii the making of payments under�he Loan Docume��ts sha�I also appl�to default irl the makiXlg of the m�dif�ed pay�ne��s her�und�r. �. This Agreemen� sha11 supersede ��e terms of an� modificatian, forb�arance, tria� periad plan �r ��Ils Farec�t,usta�31 Non HAMP Q��02U�f�_3�8 93b��l�I�I��U��tl �'a�e 6