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. � , 2� 1 ��8211 . . . � 4 � � I understand and acknowledge that: A. If prior ta the Modifica�ion Effecti�e Date as set for�h in Section 3 �he Lender determines that my representations in Section � are no longer true and correct, the Loan Documents will not be modif ed and this Agreement will termina�e. In this e�ent,�he Lender will ha�e all of the rights and remedies pro�ided by the Laan Documents;and B. I understand that the Loan Documents will no� be rnodified unless and until �i}I reCei�e from the Lender a copy of this Agreement signed by the Lender,and�ri}the Modification Eff�cti�e Date�as defined in Secttan 3} has accurred. I further understand and agree that #he Lend�r will not be obligated or bound to make any modification of the Loan Dacuments if I fail to meet any one of the reauiremen�s under this Agreement. �. If included, �he undersigned borrower(s} acknowledges rece�pt and acceptance of the Notice of Special F�ood Hazard disclosure. 3. The Madif ca�ion. if my representations in Sec�ion 1 continue ta be true in all material respects and all preconditions to the modificatian set for�h in Section 2 ha�e �een met, the Loan Documen�s will automatically become modified on JANUARY 1, ZD17 �the "Modif cation Effecti�e Date"} and alj unpaid late charges that r�main unpaid will be wai�ed. I understand that if I ha�e failed to make all reyuYred payments as a precandition to this madification under a workout plan or trial p�riod plan, the Lender has the right to reject fhis Agreement e�en if I ha�e s�gned and returned this Agreement.The first madified paymen�will be due on,IANUARY 1,ZOI7. A. The new Maturity Date will be:DE�EMBER 1,�04G. B. The modified principal balance of my No�e will include amounts and arrearages that will be past due as of the Modifica�ion Effecti�e Da�e. This does not include unpajd late charges, �aluatinn, property preservation and other charges not permitted under the terms of the FHA Hame Affordable Modif cation Pragram.Permitted arnounts and arrearages may include unpaid and deferred interest, fees, escrow ad�ances and other casts less any amounts paid to the Lender but not pre�iously credited to my Loan, collectively"Unpaid Amounts";the portion of Unpaid Amounts cap�ta�ized is $4,679.59. Th� new principal balance of my Nofe wil� be $165,755.54 �the "New Principal Ba�ance"} which includes the capitalized LJnpaid Amounts. I understand that hy agreeing to add the Unpaid Amounts ta the outstanding principal balance, the added Unpaid Amaunts accrue interest based on the interest rate in effect under this Agreement, I also understand that this means interest will n4w accrue on the unpaid Interest �hat is added to the vuts�anding principal balance, which would no�happen without�his Agreement. e. Interes�at the rate of 3.6250°/o will begin to accrue an the Interes�Bearing Principal Balance as of DE�EMBER 1,�016 and the first new monthly payment on the Interest Bearing Princ�pal Balance will be due an JANUARY �, �017. Interest due on each monthly payrnent will be calculated by multiplying the New Princ�palllnterest Bearing Principa� Balance and the in�erest rate in efFect at �he tim� af calculation and di�iding the resul� by twel�e (12}, My payment schedule for th� modified Loan is as follows: Wells Farga Custom FHA Home Affordable Madification Agreement 9�6 f��{�� 482S2�I6 445 I W11 � Page 3