200207092 - Laserfiche WebLink

Browse

200207092 Freddie Mac Loan No 717526557 Loan No.: 1194656 The prix rhas requostedthm the Lendermodlfy thetcnns ofthe Note mid 5ecuravinstrunlent The Lender has agreed to do so pursuant to tie lemhs and conditions stated or Otis Modification_ In consideration of tine agrmmrnts made in this Modficaton, :rod Other good xnd valuable considaaliom wish the Vartics Agrm they have received, the Borruver and Lender ab'ree to modify ihctmms of We Note and Seauih Instniment as follows 'fhe Borrower :and Lender agree that the provisions of this Modification supersede and replace any inconsistent provisions set forth in the Note and Socials Instrument I 'rhe But represents Hurt pro Borrower ® is, ❑ is not, the occupant of the Propetrv. 2. The Borrower acknowledges that interest has accrued but lots not been paid and the Leader tots incurred, and or Otherwise advanced taxes, insurance notorious and otter expenses neecssity to protector en force its interest in the Note and the Sescuriq instrument, and that such title rest, costs and esi cnscs. in the hod amount Of $523).40 - have been added to the indebtedness under die forms of the \Into and Seamty instrument. As of May Ise 2002 , the mnOun, i alluding such solvents is Inch have been added to the indeta Achess(if sty), payable u idea rthe Note mid SNUIto battlement (the 'U, paid Principal Balance') is U S. $100,860.16 - 3. The Borrower pmndAcs to paw the Unpaid or ineped Balance, plus interest to the Ogler of the Lender until the Unpaid Principal Balance has been paid. Interest will be charged on We Unpaid pit dual Balance At tie youth I ate of 7500 " /,beginning May 1st2002 The Harrower prutusrs to mmhc monthly papnents ofprincipal and InterestofUS _$735.68 , beginning on the l At day of lure, 2002 and Opinion ng thereafter on line same day of each weesodi rig month_ It Mart 1,2028 -t(hc "Modited Mmm�ty Done'), line Borrower still owes mutants trader the Note and due Secanh InsO'ummlt As emended by this Modification. the Rorrrnver will pay these anmunts in fill on the ModJed Maturity Date. The Borrmver will mako such pal recalls at Principal Resultant a] Mortgaric 711 Btgh Sheet Des Main c Iowa 511392 in xt such place as me Loolu m:n require. 4. If at anal time die Borrower is in default die Leadennay, fi providing a written notice to tie Barroom, notify the Borrower pmt the Hormwer is in default and that the interest wluch will be charged can the Unpaid Principal Balance inn be increased to a seedy rate of 7.500 % beginning or an clleeuve date stated in the Police, That date will be at least 11) dogs after the dam ten which the miles is delivered or tripled to line Borrower. If are Borrower defaults. the Lender may, at its election, rci fire the Borrower to pay immediately the Unpaid Principal Balance thatnuumns unpaid At that time, All interest that has Accmerl butnot been paid, raiders other sums that me es danced auto secured by the Note and Secunty Instrument Tithe Leader does not require that soh payment be made immcdimels, the Borrower shall pay an Increased nhonihly pavmcnl that will be based upon the interest rate lolled in this Paragraph 4 instead citric interest one stated in Paragraph 3. The Borrower acknowledges that the "'nosed rate of interest will call, be cheeetl Of flee Rorrmvvc -does not meet its oblleat'ons under tint Note and Security Instrument as modified to this Me location _. Exempt to the elan tat they me modified by this Modificaton, the Borrower will comply with all of the cmcnunts arreements, and requtrcmcmn ief the Note And Secants, Instrument ir¢Imting without limitation_ the But covenants mid agreements to ,take all Pon Incurs of rases, insurance prramume, assessments, escrow Imins, impnnnds, and all other payments tat the BArrovcr is obligated m make under line Secndty Insouni nt 6. Nothing in this Modification shall be understood or construed to be A saisfaclon or release to whole or in part of the Note and Smndty Instrument Esccpr as otherwise s'peuihcally prodded in this tvtadifiwtion, the Note and Security Instrument will tannin unchanged and in full effect and the Bnrrmmr uhd render will be bound by, and comply with, all cattle rcmhs and provisions thereof, As Amended by this Modification. Iott ti trJLk. Intl d'Jo 1 nitind IiI"I our rISTAT6 talrDOrr: mAC L( nAN MOUtFn'trnN ACUaPMl• NF Puee zurl