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200504968 <br />MX-_.(A) The following admonition is hereby added and incorporated into the Note: THIS LOAN <br />IS PAYABLE IN FULL AT MATURITY. YOU MUST REPAY THE ENTIRE PRINCIPAL <br />BALANCE OF THE LOAN AND UNPAID INTEREST THEN DUE. THE LENDER IS UNDER <br />NO OBLIGATION TO REFINANCE THE LOAN AT THAT TIME. YOU WILL, <br />THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT <br />YOU MAY OWN, OR YOU WILL HAVE TO FIND A LENDER, WHICH MAY BE THE <br />LENDER YOU HAVE THIS LOAN WITH, WILLING TO LEND YOU THE MONEY. IF YOU <br />REFINANCE THIS LOAN AT MATURITY, YOU MAY HAVE TO PAY SOME OR ALL OF <br />THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN EVEN IF YOU <br />OBTAIN REFINANCING FROM THE SAME LENDER. <br />(B) The balloon Note Addendum attached hereto as Exhibit" B" is hereby added and <br />incorporated into the Note. <br />XXXK III. The Security Instrument shall be and hereby is amended as follows: <br />XXXK (A) Reference to the maturity date of the debt secured by the Security Instrument is <br />changed from JULY 19, 2005 to JUNE 1, 202 <br />(B) The Balloon Rider attached hereto as Exhibit "C" is hereby incorporated into and made a <br />part of the Security Instrument. <br />Further, it is expressly agreed that for an in consideration of this Modification <br />Agreement, Borrower hereby releases and forever discharges Lender and its officers, <br />directors, counsel, employees, agents, predecessors, successors, and assigns from all <br />causes of action, claims, rights, and controversies, known or unknown, which <br />Borrowers had, now has, or may hereafter acquire which relate to, are based on, arise <br />out of, or are in any way connected with any acts of Lender or its above affiliates <br />occurring prior to the execution of this Agreement and relating in any manner to the <br />above described Note or Security Instrument or the Property described herein or therein. <br />This is a general release of all possible claims and causes of action of every kind and <br />character related to the above described subject matter and is to be interpreted liberally <br />to effectuate maximum protection of Lender and its above affiliates. <br />The Borrower hereby ratifies Lender's liens and /or security interests against the <br />Property until the Note as so hereby modified has been fully paid, and agrees that this <br />renewal, extension and /or modification shall in no manner affect or impair the Note or <br />the liens and /or security interests securing same and that said liens and /or security <br />interests shall not in any manner be waived, but are acknowledged by Borrower to be <br />valid and subsisting, the purpose of this instrument being simply to modify the Security <br />Instrument and the time and manner of payments of the Note and ratify all liens and /or <br />security interest securing same, and the Borrower further agrees that all terms and <br />provisions of the Note, the Security Instrument and the other instruments creating or <br />fixing the liens and /or security interest securing same shall be and remain in full force <br />and effect as therein written, except as otherwise expressly provided herein. <br />NMFL# 2980 12/00 <br />A breach or other default of any of the terms of this Agreement by Borrower shall <br />constitute a breach or default under the Note and Security Instrument, and Lender shall <br />thereupon have the right to seek all remedied available to it under the aforesaid loan <br />instruments. <br />rr <br />Page 5 of 7 <br />��Initials <br />