|
202200349
<br />Loan No.: 0024531865
<br />5. Borrower understands and agrees that:
<br />(a) All the rights and remedies, stipulations, and conditions contained in the Security Instrument
<br />relating to default in the making of payments under the Security Instrument shall also apply to default in the making
<br />of the modified payments hereunder.
<br />(b) All covenants, agreements, stipulations, and conditions in the Note and Security Instrument shall
<br />be and remain in full force and effect, except as herein modified, and none of the Borrower's obligations or
<br />liabilities under the Note and Security Instrument shall be diminished or released by any provisions hereof, nor shall
<br />this Agreement in any way impair, diminish, or affect any of Lender's rights under or remedies on the Note and
<br />Security Instrument, whether such rights or remedies arise thereunder or by operation of law. Also, all rights of
<br />recourse to which Lender is presently entitled against any property or any other persons in any way obligated for, or
<br />liable on, the Note and Security Instrument are expressly reserved by Lender.
<br />(c) Nothing in this Agreement shall be understood or construed to be a satisfaction or release in whole
<br />or in part of the Note and Security Instrument.
<br />(d) All costs and expenses incurred by Lender in connection with this Agreement, including recording
<br />fees, title examination, and attorney's fees, shall be paid by the Borrower and shall be secured by the Security
<br />Instrument, unless stipulated otherwise by Lender.
<br />(e) Borrower agrees to make and execute such other documents or papers as may be necessary or
<br />required to effectuate the terms and conditions of this Agreement which, if approved and accepted by Lender, shall
<br />bind and inure to the heirs, executors, administrators, and assigns of the Borrower.
<br />(f) Borrower authorizes Lender, and Lender's successors and assigns, to share Borrower information
<br />including, but not limited to (i) name, address, and telephone number, (ii) Social Security Number, (iii) credit score,
<br />(iv) income, (v) payment history, (vi) account balances and activity, including information about any modification
<br />or foreclosure relief programs, with Third Parties that can assist Lender and Borrower in obtaining a foreclosure
<br />prevention alternative, or otherwise provide support services related to Borrower's loan. For purposes of this
<br />section, Third Parties include a counseling agency, state or local Housing Finance Agency or similar entity, any
<br />insurer, guarantor, or servicer that insures, guarantees, or services Borrower's loan or any other mortgage loan
<br />secured by the Property on which Borrower is obligated, or to any companies that perform support services to them
<br />in connection with Borrower's loan.
<br />Borrower consents to being contacted by Lender or Third Parties concerning mortgage assistance relating
<br />to Borrower's loan including the trial period plan to modify Borrower's loan, at any telephone number, including
<br />mobile telephone number, or email address Borrower has provided to Lender or Third Parties.
<br />By checking this box, Borrower also consents to being contacted by text messaging°.
<br />(g) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as nominee for Lender and Lender's successors and assigns. MERS is the Beneficiary of record
<br />under the Security Instrument and this Agreement. MERS is organized and existing under the laws of Delaware,
<br />and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />6. If applicable, by this paragraph, Lender is notifying Borrower that any prior waiver by Lender of
<br />Borrower's obligations to pay to Lender Funds for any or all Escrow Items is hereby revoked, and Borrower has
<br />been advised of the amount needed to fully fund the Escrow Items.
<br />7. Borrower will pay to Lender on the day payments are due under the Loan Documents as amended
<br />by this Agreement, until the Loan is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a)
<br />taxes and assessments and other items which can attain priority over the Mortgage as a lien or encumbrance on the
<br />Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance
<br />required by Lender under the Loan Documents; (d) mortgage insurance premiums, if any, or any sums payable to
<br />Lender in lieu of the payment of mortgage insurance premiums in accordance with the Loan Documents; and (e) any
<br />community association dues, fees, and assessments that Lender requires to be escrowed. These items are called
<br />"Escrow Items." Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph.
<br />Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower's obligation to pay
<br />the Funds for any or all Escrow Items. Lender may waive Borrower's obligation to pay to Lender Funds for any or
<br />all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall
<br />pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been
<br />NEBRASKA LOAN MODIFICATION AGREEMENT Page 3 of 7
<br />(FNMA Modified Form 31791/01 (rev. 06/18))
<br />
|