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<br /> monthly paymenfs. If there is a def ciency of Funds held in escrow, as defined under RESPA,
<br /> Lender shall notify me as required by RESPA, and I sha�i pay to Lender the amaunt necessa.ry to
<br /> make up the deficiency in accordance wi�h RESPA,but in no more than 12 manth�y paymen�s.
<br /> Upon payment in full af all sums secure� by the Loan Docum�nts,Lender shall promptly refund to
<br /> me any Funds held by Lender.
<br /> F. That the Loan Documents are composed of duly �alid, binding agreements, enforceabie in
<br /> accordance with their terms and are hereby reaffirmed.
<br /> G. That all terms and pro�isions of the Loan Dacumen�s, except as expressly modified by this
<br /> Agreement, rema�n in full force and effect; nothing in this Agreement shall be understaod or
<br /> construed to be a satisfaction or release in who�e or in part of the abligations contained in the Loan
<br /> Dacuments;and that except as otherwise specifically pro�ided in,and as expressly modified by,this
<br /> Agreement,the Lender and I wi��be bound by,and will compty with,all of the terms and conditions
<br /> of the Loan Documents.
<br /> H. That, as of �he Modification EfFective Date, notwithstanding any other pro�ision of the Loan
<br /> Dacuments, I agree as follows: If alI or any part of the Property or any interest in it is sold or
<br /> transferred without Lender's pr�or wriiten consent, Lender may, at its option, require �mmediate
<br /> payment in full af all sums secured by the Mvrtgage.Howe�er,Lender sha�l not exercise this option
<br /> if federal law prohibits the exercise of such optian as of the date of such sale or transfer. If Lender
<br /> exercises this option,Lender shall gi�e me nvt�ce of acceleration. The notice sha�� pro�ide a periad
<br /> of not less than 34 days from the date the notice is deli�ered ar mailed withxn which I must pay all
<br /> sums secured by the Mortgage. �f I faii to pay these sums prior to the expiration of this period,
<br /> Lender may invoke any remedies permitted by the Martgage with�out further notice or demand an
<br /> me.
<br /> I. That, as of the Modifica�ian Effecti�e Date, 1 understand that the Lender may only allow the
<br /> iransfer and assumption of the Loan, including this Agreement, �o a iransferee of my property as
<br /> permitted under the Garn 5t. Germarn Act, 12 U.S.C. Section 17U1j-3.A buyer or transferee of the
<br /> Property wil� not be permitted, under any other circumstance, to assume the Loan.Except as noted
<br /> herein,this Agreement may nvt be assigned to,or assumed by,a buyer or transferee of fhe Property.
<br /> J. That, as of the Modification Effecti�e Date, �f any pro�ision in the Note or in any addendum or
<br /> amendment�o the Note allowed for the assessment of a pena�ty for fu�i or partial prepayment❑f the
<br /> Note,such pro�ision is null and�oid,
<br /> K. That, I will cooperate fu�Iy with Lender in obtaining any title endorsement�s}, or similar title
<br /> insurance product�s}, andlor subordination agreement{s} that are necessary or re�uired by the
<br /> Lender's procedures to ensure that the modified mor�gage loan is in first lien position andlar is fully
<br /> enforceable upon modification and that if, under any circumstance and not withstanding anything
<br /> else to the contrary in this Agreement, the Lender daes no� recei�e such title endorsement�s}, title
<br /> insurance product�s} andlor subordination agreem�nt(s}, ther� the terms of this Agreement will not
<br /> become effecti�e on the Modification Effecti�e Dat�and the Agreement wi�l be null and�aid.
<br /> L. That I witl execut�such ather documents as may�e reasvnably necessary to either�i}cnnsummate
<br /> the terms ar�d conditians of thrs Agreement;or��i}correct the terms and conditions of this Plan if an
<br /> errar is detected after execu�ian of this Agreement.�understand tha�a corrected Agreement will be
<br /> pro►vided to me and this Agreement will be�oid and of no tegal effect upan notice of such error.�f I
<br /> Wells Fargo Custom FHA Home Affordable Modification Agreement 93�I����������� I�
<br /> �8252�1�445
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