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201701556
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Last modified
7/28/2017 2:24:18 PM
Creation date
3/13/2017 8:43:54 AM
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DEEDS
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201701556
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' � 2� 17� 155� <br /> , � <br /> . .� <br /> � <br /> ti <br /> monthl�r payments. If there is a c�eficiency of Funds held in escrow, as defined under RESPA, <br /> Lender shall notify� me as required by RESP�, and I shall pay to Lender the amaunt necessary ta <br /> make up the deficien�y in accord�nce vvith RE�PA,hut in no m�re than 1�monthly pa�tnents. <br /> Upan ga�ment in fu11 of all sums secured by the Loan I�acurnents, Lender shall prarnptly refund to <br /> me any Funds held by Lender. <br /> F. That the Loan Dvcuments are composed �f duly �alid, binding agreements, enforceable in <br /> accardance�v ith their terms and are her�by reaffirmed. <br /> G. That all �ecros and pro�isions of the Loan Dncuments, except as expressly modi�ed by this <br /> Agreement, remain in full force and ef�ect; nothing in th�s Agreemer�t sha�� ae ur�derstaod or <br /> construe�t�be a satisfacti�n or re[ease in�v�lale ar in part of the obligati�ns c�ntained in�he Laan <br /> Documents;and that except as otherwise specificaily pravided in,and as expr�ssly rnodified by,this <br /> Agreement,the Lender and i witi be bound b}�,and v�viil compty wit�i,ail of the terms ar�d conditians <br /> of the Loan Docu m ents. <br /> H. That, as of the Modif cation Effective Date, notvrri�hstanding any o�her pro�ision of the Loan <br /> Documents, I agree as failavvs: If aII or an� part of the Property or any interest in it is so�d vr <br /> transfet�€��d without Lender's prior writ�en consent, Lender may, at �ts �pt�on, requir� immediat� <br /> paym�nt in ful l of all sums secured by the Mortgage,Howe�eF,Lender sha�l nat exercise this optivn <br /> if federai la�v prohibits the exenc�se of such op�ian as of the da�e of such sale❑r transfer. If Lender <br /> ex�rcises this option,Lender sha��gi�e me nv��ce�f acceieratian.The natice shall pr8�ride a perivd <br /> of not less than 3D ��ys from the date the no�ice is deji�ered or Ynailed w�thin which I must pay ali <br /> sums se�ured by the Mortgag�. If� fail to pay these sums prior ta the expiratian of this period, <br /> Lender may in�oke any remedies permitted by the Mortgage �rithaut further not�ce or demand on <br /> me. <br /> I. That, as of the M��ifi�ation Effecti�e Date, I understand that the Lender may on�� allow the <br /> transfer and assumptian af�he Lo�n, includir�g this Agreement, to a transferee of m�r property as <br /> permitted under the Gacn St. Germain Act, 12 U.S.C. Sectivn 1701 j�3.�buyer or�rar�sferee of t�� <br /> Prap�rt� wi�1 nnt be p�rmitted, ur�der any oth�r cir�umstance, to assume the Loan.Except as note� <br /> herein,t�is Agreement may not be assigned to,or assumed b�s a buyer or transferee of ft�e Propert}�. <br /> J. That, as of the Modification Eff'ec�iWe Date, if any provision in the Nvte or in any addendum or <br /> amendment�o the Note altovrred for the assessment of a penalty for fu�l or partial pr�pa�rrnen�of the <br /> 1Vote,such provisivn is nu11 and�oid. <br /> K. That, I �vil! coaperate fully w�th Lender in abtaining an� tit�e endorsernent(s�, �r simi�ar tif�e <br /> insurance product�s�, andl�r su�ordination a,greern�nt�s} that are necessary or required b� th� <br /> Lender's procedures to ensure that the modif e�m�rtgage loan is in first lien position andlor is full}� <br /> enforceable upon rnodification and that if, un�er any circumstance and not withstanding anything <br /> e�se to t�e con�ra.r}� in this Agreemen�, the Lender does not receiae such title endorsernent�s}, titl� <br /> insurance praduct�s) andlor subordination agreernent�s}, then the terms of this Agreenr�eiit vr�ill no� <br /> become effecti�e on i:he Modifi�a��on Ef�'ecti�e Date and�he Agreement wiil be null and�oid. <br /> L. That I r�i�l execute su�h other dacuments as may be reasona�Iy Yiecessary to either�i}consummate <br /> the terms and canditions of this Agreement; o�{ii}correct the t�rms and cond�tions of this P[an if an <br /> errar is detected after e�cecution of this Agreement. I unders�and that a c�rrected Agreernent will be <br /> prouid�d ta me and this Agr��ment will be�oi�and�f no legal effect upon natice of such error, rf I <br /> VVells Farg��ustom FHA Hoi�ie Af#ors�able Mocl�fcatlon Agreen�ent �pg��������������II� <br /> 12152�1b �45 �� <br /> Page� <br />
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