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201606875
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Last modified
7/24/2017 3:59:01 PM
Creation date
10/17/2016 9:04:08 AM
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DEEDS
Inst Number
201606875
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2� 1 ���875 <br /> A <br /> a <br /> � <br /> a- <br /> remedies permit�ed hy tlie Loan Documents withaut further notice�r demand on Borrower. <br /> H. If Barrower has a pay option adjustable rate mortga�e Loan, tip�n modification, the minimL�m <br /> mor�thly payment apti�n, the interest-only or any other payment options will na longer b�offered <br /> a��d that the monthly payrnents descr�hed in the abo�e payment schedule for my modifted Loan wilI <br /> be tl�e�ninimum payment that will be due each month far the rcmaini��g term of the Loan. <br /> I. If Barro�rer fails to pay Lender the amount due and owing or ta pay any monfhly payment on the <br /> dates abave, Borrow�r shall surx-ender the Property to L�nder. If Borrnwer fa�Is or refuses �� <br /> surrender the Property to Lender,Lender may exercise any and all remealies to reca�er the Property <br /> as may �e a�ailable to Lender pursuant to its s�curit� interest and lien and applica�le faw. These <br /> remed�es may include the reco�rery of �-easonable atto�-ney's fees actually incurred, plus legal <br /> expenses a�ad expenses for enter�ng oix the Properry to make repairs in any forec�osure actian fi�ed <br /> to enforce the Lend�r��en. Lend�r's rights and remedies extend only to the Praper�y,and any action <br /> related to the Property itself and not to recovery of any amounr owed ta Lender under the Note as <br /> madified herein,which llas been discharged in bankruptcy. <br /> J. If includ�d, the undersigned Borrower�s} acknnwledge �eceipt and acc�ptanc� of the l-4 Family <br /> 1Vlodif cation Agreement Rider As�ignment of R.ents. <br /> K. If in�luded, the undersigned Borrower-�s} ack�iow�edge r�ceipt a��d acceptance af the I�lotice of <br /> Special Flood Hazard disclosure. <br /> L. C�RRE�7`Ia�I AGREEMEI�T: The undersigned Borrower�s), for and in considera�ion of the <br /> appraval,clos�ng and fuYlding of t��is llrivdificativn,hereby grants�'Vells Fargv Home 1Vlortgage,as <br /> le�lder, limited power of attorney to carrect andlor ini�ia� all typo�raphical or clerical errors <br /> disca�ered ii�the Modifcation Agr�ement r•equired to be signed. �n th� e�e��t this �imited power of <br /> attorney is exerci�ed,�he undersign�d will be notif ed and recei�e a�opy of the dacumen�exe�uted <br /> or initialed �n their b�half. This pro�ision may not be used to madify the i«terest rate, rnodif}r the <br /> term, modify the outstanding p�rin�ipal balance nr madify tl�e undersigned's monthIy prin�ipai an� <br /> interest payrnents as modified by this Agreernent.Any of these specified changes must be executed <br /> directly by the undersigned. This limited po�ver of attorney shall autamatically fenninate in 120 <br /> days from the ctosing date af fihe undersigned's Modifieation. Barrower agrees t�make and execute <br /> such other documents or papers as necessary or requ�red to effectua�e the �erms and conditions of <br /> t�>;s AgreeYnent wlzich, if approved and accepted by Lender, shall bind and �nure to tl�eir heirs, <br /> executai•s,administrators,and assigns af the Bor�-ower. <br /> M. If the Borrower's Loan is currentI}� in foreclosure, the Lender wilt attempt to suspend ar cancel the <br /> foreclasure action upon receipt of tl�e first pa�ment according to thzs Agreement. Lender agrees to <br /> s�ispend fi.�rther co�Iection efforts as long as Borrvwers conti nue making the required payments <br /> under this Agreernent. <br /> N. Ail t��e rights and remedies, stipulations, and conditions contained in the Loan Docun�ents re�ating <br /> to default in the inaking of payments under the Loan Dacuinents shall aIs❑ app�y�o default in th� <br /> making of tlie rnodif ed payments hereunder. <br /> �. This Agreemen� s�ia�� supersede the terms of any modification, forbearance, trial period plan or <br /> o�he�•mortgage assi�tance that the Borrower preWiously entered into wi�h Lender. <br /> V�ells Fargn Custain N�n HAMP�$�b2(]16_368 �35 ����������p� <br /> Page 6 <br />
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