201702033 - Laserfiche WebLink

Browse

• � 2� 17�2�33 � . � , , , . . prior rvritten consent, Lender may require immedia�e payment in ful� of all sums secured by the Laan Documents. If Lender exercises this option, Lender shaIl gi�e Borrawer notice of acce�eration. The natice shall prv�ide a period of not Iess than 34 days from the dafe the notice is deli►vered or mailed within which Borrower must pay a�l sums secured by the Loan Daeuments. Yf Borrower fails to pay thes� sums prior to fhe expiration of fhis period, Lender ma� invoke any remedies permitted by the Loan Documents►�vithout further notice or demand on Borrower. H. rf Barrower has a pay op�ion adjustab�e rate mor�gage Loa.n, upon madifica�ion, the minimum monthly payment option,the interest-on ty or any o#her payment options wi li no Ionger be offered and that the monthly paymen�s described in the abo�e payment schedule for my madif�ed Loan will be th�minimum payment tha#wi�l be due each mon#h for the remainin$term of the Laan, �. If�orrower fails ta pay Lender the amount due and owing or�a pay any monthly payment an the dates abfl�e, Borrower shall surrender the Froperty to Lender. Yf Borrower fails or refuses to surrender the Property to Lender,Lender may exercise any a.nd all remedies to reca�ec the Property as may be a�ailable to Lender pursuant ta its securifiy interest and lien and applica.ble Iaw. These remedies rnay inc�ude the reca�ery of reasanable attorney's fees actually incurred, plus �egal expenses and expenses for entering on the ProperEy to make repairs in any foreclosure action f�led to enforce the Lender 1ien.Lender's rights and remedies extend only fo the Property,and any action reiated t.��he Praperty i�self and not to reco�ery of any amount owed to Lender under the Note as modif ed herein,which has been discharged in bankruptcy. J. If inc�uded, the undersigned Borrawer(s} acknowledge receipt and accepi:ance of the 1-4 Fami�y Modification Agreement Rider Assignment of Ren�s. K. If included, the undersigned Borrower(s} ackno►�vledge rece�pt and acceptance of the Notice of Special FIaad Hazard disclosure. L. C�RRE�TT�N AGrREEMENT: The undersigned Borrower(s}, for and in eonsidera�on of the appro�al,closing and funding of this Modif cation,hereby grants Wel�s Fargo Home Mortgage,as lender, Iimited power of attorney to correct andlor initial a�l iypographica� or clerical errars disco�ered in the Mad.ification Agreement required to be signed.In the e�ent�his Iimi�ed power of attvrney is exercised,�he undersigned wi�l be notif ed and recei►ve a copy of the document executed or initialed an their behalf.This pro�isi�n may not be used to modify the in�erest rate, modify the term, modify the ou�sta.nding principal balance or modify the undersigned's monthly principaY and inferest pa�mentis as modif�ed by this Agreement.Any of these specif ed changes must be execu�ed directly by the unders�gned. This iimited power of attarney shall au�omatical�y terminate in I2U days from the closing da#e of the undersigned's Modif cation.Borrawer agrees�o make and execute such oth�r documents or papers as necessary or required to efFectuate the terms and conditions of this Agreement which, if appror�ed and accepted by Lender, shal� bind and inure to their heirs, executors,administrators,and assigns of the Borrower. M. Yf fhe Borrower's Laan is currently in foreclosure,the Lender wi1l attempt ta suspend flr cancel the f�re�Iosure action upan receipt of the first payment accordxng to thxs Agreement.Lender agrees to susgend further collection effarts as Iong as Barrowecs continue making the reyuxred payments under this A$reement. N. A1� the rights and remedies, s�ipulat�ans, and conditians contained in the Loan Dacuments relating to default in the making of payments under fhe Lvan Documents shal� also apply to defaul# in the WeIIs Fargo Custom Non HAMP 11112�1 b 368 7Q8�� Page 6