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201702033
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Last modified
7/28/2017 2:41:44 PM
Creation date
4/3/2017 9:22:13 AM
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DEEDS
Inst Number
201702033
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� ' 2� 17�2�33 <br /> , <br /> , <br /> , � � <br /> , <br /> . , <br /> � <br /> course of the proceeding,Ler�der agrees fhat I wi�� not ha�e personal liability on the debt pursuant <br /> to this Agreement and may only enforee the lien as agains�the propert�. <br /> Z, The Madif�c�tion. <br /> A. The modified principal bala�nce of the Note wili includ� amounts and arrearages �hat will be past <br /> du� as of the Mod�ficatian �ffecti�e Date �wh�ch may inGlude unpai�i �nd deferred interest, fees, <br /> escrow ad�anves and a�er costs, but exc�uding unpaid Iate charges, �aluation, p�roperty <br /> preserW�tion„ and ather charges not permit�ed under i:he terms of this modif cat�on, co�I�ct��ely, <br /> "Unpaid Amounts")less an�r amounts paid fia the Lender but not pre�ious�y cr�ditea�to the modi�ied <br /> �oan. The new principat bala�nce 8f my N'ot.e wi I1 be �7D,846.64 {t�e "New Princ�pal Balance"�. <br /> Bornower understands th� b� a�reeing to add the Unpaid Amour�ts tv the prin�ipal balance, the <br /> added Unpaid Amoun�r,s a�crue interest based on the interest rate in effect under this Agreement. <br /> Borrower al�a unders�ds �at this means interest will now accrue on the unpaid Interest that is <br /> added�o#he outs#anding prir�cipal balance,vvhich wouid not happen�i�aut this Agneement. <br /> B. Interest at the rate nf 3.5��4%wi�l begin ta aGcrue on the New Princip�l Balance as of MAR�H 1, <br /> �Q1T and the first new manthly paym�nt on the New Frincipal Balar��e vvill be du��n APRIL 1, <br /> ��17 Intenest due on eacP� mor�tihly paymen# wi�l be calculated b� n�ul�plying xhe New Prineipal <br /> Balance and#he interest�a1te in effec# a#the time of ca�culation an� di�idi�ng the result by twe1�� <br /> �1��. My payment schedule fvr the modified Lnan is as follows: <br /> Month� Interest ltnte Interest R�tte Monthly PriacipAl Manthly Tot�I Psymeot <br /> �h�o�e D��e nnd�ntere�t P�yment E�craw AZontbly Begins�n <br /> Psyment PAyannt'� <br /> A�nau�at�' <br /> 48� 3.500i1°/o 0310112(�1'T $274.45 $234.15 �SQ8.b41 041D IIZ�I7 <br /> �Thia includes�n e�craw short�ge amouat to be paid o�er the f�rst 64 month term.After your <br /> modif�catian �s eomplete, �crow payment� ad�ust at Ieast annu�lly in accordance w3ith <br /> �pplicable l�w;therefore,the total maathly paymeat may change accordingly. <br /> The abo�e terms shall supersede any pro�isions to the cantrary in#�e Loan Documents, including <br /> but not limited to,pra�isians for an adjustable,step or simple interes#rate. � <br /> 3. Loaa Modif�ation Terms. <br /> T'his Agreement hereby modi�es the following terms of�he Loan I]�cuments�s described henein aba�e as <br /> f�llows: <br /> A. The current contractual due date has been changed from MAY 1,2fl1�tfl APRIL 1,��17.The firsf <br /> modif ed contr�ctual due date is APRIL i,�017. <br /> B. The maturi�d��e is�VI,�4It��i i,Za57. <br /> �. The amount of Reco�verable Expenses*ta be capitalized will be U.S.��9�.Q0. <br /> *Re�oW�rable Expense�s ma�y includ�, but are na# limited #v: Tit�e, Ai�orney feeslcos#s, <br /> ��Zls Far�o Custom 1Von HAIVIP 11 t 1 Z�I b 368 74S�0��������8 <br /> Page 3 <br />
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