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2� 17�� 117 , 1 � ! ti C a 1 � � �understand and acknawledge that: A, If prior to the Modification Effec�ive Date a� set forth �n Section 3 the Lender determines that my repcesentations in 5ection I are na longer true and correct, the Loan Dacuments will not be madified and�his Agreement wii[terminate.�n this e�enfi,the Lender will ha�e a��of the rights and remedies pro�ided by the Loan Documents;and B. � �inders�and that the Loan Documents will nat be modified unless and until �i} I recei�e from the Lender a copy af this Agreement signed by the Lender,and�ii}�he Modification Effecfi�e Da�e�as defined in Section 3} has occurred, I further und�rstand and agree fhat tihe Lender will not be Qbl2gated or bound to make any modificat�on af�he Loan Documents if�fait to meet any one of fhe requirements under#his Agreement. C. If included, the undersigned borrower�s� acknawledges rec�ipt and acceptance of the Notice of Special Fload Hazard disclosure, 3. The Modif��ation. If my representatians �n Section l cantinue ta be true in all rnateriai respecfs and all preconditions to the modification set forth in 5ection 2 ha�e been met, the Loan Documents will autiomatica��y become modified on FEBRUARY 1, 2017 ��he "Modificati�n Effecti�e Date") and all unpaid late charges that remain unpaid will be wai�ed. I understand that if I ha�e failcd to make all rcquired payments as a precondition to th�s modification under a workout plan or trial periad plan, th� Lender has the right ta re,�ect this Agreement e�en if�ha�e signed and returned this Agreemen�, The first rnod�fied payment will be due on FEBRUARY 1,ZO1?. A. The new Maturity Date will be:JAN[]AR'i'1,�447. B. The modif ed principal balance of my Note will include amounts and arrearages tha� will be past due as af the Modification Effecti�e Date. This does not include unpaid late charges, �aluatian, property preservation and�ther charges not permi�ted under the�erms�f the FHA Home Affordable N[odification Program.Permitted amounts and arrearages may include unpaid and deferred interest, fees, escr�w ad�ances and other costs less any amounts paid ta the Lender but not previQusly credited to my Loan,co�lect��ely"Unpaid Amounts"; the portion of Unpaid Arnounts capitalized is $U.00. The new principal balance of rny Note wi�� be $IG�,9Z9.4� {the "I�ew Frincipal Balance"} which inc�udes the capitalized []npaid Arnounts. I understand that by agreeing �o add the Unpaid Amounts to�he outstanding principal balance,the added Unpaid Amaunts accrue interest based on the interest rate in effect under thxs Agreemen�. I also understand that this means interest will now accrue on the unpaid Interest that is added to the outstanding principal balance, which would not happen without this Agreement. C, With �he modif cation you will have a total partiai claim due of $64,135.99, which includes 553,186.�5 that has been reduced fram the Unpaid Principal Balance to r�ach the New Principal Ba�anc� abave. This Agreement is condi�ional on the proper execution and recording of this HUD Par�ia�Claim. D. Interest at the ra�e of 3,754�% will begin to accrue on the Interest Bearing Principa� Ba�ance as af ,IANUARY I, ZU�7 and the firs� new monthly payment on the Interes� Bearing Principal Ba�ance Wells Farga Custom FHA Home Affor�able Modifcation Agreement IV,A19361��1��i1W111�� 11112�1b_448 Page 3