201701556 - Laserfiche WebLink

Browse

' ' 2� 17� 155� , � , << r � �understai�d and acknowledge#hat: A. If prior to the Madification Effecti�e Date as set forth in Sectian 3 the Lender determines tha�my repr�esentations in 5ecfian 1 are no longer true and cacrect, the Loan Dacurr�ents will nvt be ma�ified and this Agreement will ternn�nate.In th�s ewent,the L�nder will have a!1 of th�rights and reme�ies provided by the Loan Documents;and B. I un��rstan� #ha��the �oan Documents �vill not�e modif ed uniess and �n�il �i} I recei�e firc�rr��he Lender a�apy of this Agreement sign��by the Lender,ar�d�ii}the Modification Effecfii��te�as defined i�� Section 3) has occurred. I fur�her unders�and and agree tha� the Lender wiil n�t be obligafed�r bo�nd to make any modification of the Loan L�ocumer�ts if Y fail to meet any one af the requirements under this Agreemen�. �. lf included, the undersigned borrower�s) acknowledges receipt and ac�eptance of the Notice of Specia�Flood Hazard disclosure. �. The Modi�cation. �f my repr�s�ntat�ons in Section 1 cont�nue ta be true in all ma�e�ial respects an�all prec�nditions tv the modificatian se� fQrth in Se�tion 2 have be�n met, the Loar� Dacuments will autQmat�cally �ecome modified �n APRlL 1, ZOl? �the "Modificatifln Effective Da�e"} and all unpai� late charges tha�remain unpaid wili be wai�ed.I understand that if I��e failed to mal�e a�I required pa�ments as a preconditivn to this modifcation und�r a wQrkout plan or �rial periad pIan, the Lender has the right to rej�e� this Agreement even if I ha�e signed and r�turned this Agreement.The firs�modified payment will be due on APRii.l,20�7. A. The new Maturity Date wi l l be: N[ARCH I,ZU47. B. The rnndified principal balance vf m}�Nvte wi�t inclu�e amounts and arrearages that will �e past due as of the Modific�txon Effe�tive ��te. This �oes r�a� inciude unpaid late charges, �aluation, property preser�ation and other charg�s not permitted under the t�rms of t��FHA H�me Affardab 1 e Mo�i�cation Prvgram.I�erm�tted amo�n#s and a�r�arages r�t�y include ur��aid and def�rred int�rest, fees, escraw ad�ances and other costs less any amtiunts paid to the Lender but not pre�riQusly cre�ited to my Laan,callectiveIy"Unpaid Amaunts";�he�vrtian of Unp�id Arnoun�s capita�ized is $3,�35.9�. The new principal balance af my Note w�ll be $1�8,3�9.28 �the "Nevrr Principal Balance"}which includes �he cap�#alized Unpaid Arnounts, I understand thaf by agreeing ta add the Unpaid �nounts to the outs�and�ng principal balance, the added U npaid Amaunts accrue in�erest based on the interest rate in effect under this Agreement. I also understand that this means in�erest wiil nvw accrue on the unpaid Interest �ha# is added to �he ou�standing principal 6alance, �hich wou��not happen�vith�ut th is Agreement. C. Inter�st at�he rate af 3.GZ5�% r�ril� begin to accru�on the Interest Bearing Prin��pa� Balance as of MAR�H l,��17 and the first n�rv monthiy pa�meni on t��Interest Bearing Principal B�lance will be due on A..�RIL 1,ZQ17. Interest due on each monthIy Fa�ment will be calculat�d b�multiplying the New Principalllnterest Bearing Principal Balance and the interest rate in e�fect a� fhe time of calcu�ation and dividing the resu�t by t�+elve�12�. My pa�ment schedule for the modified Laan is as fo�lows: �ells Farga Custam FHA Hame A#�ordable Mociification Agre�rnent 7�g I��ll� 121a2n2b 445 �i Pa�e 3