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<br />", <br /> <br />200706899 <br /> <br />D. Borrower has requested that the terms of the Note and Security Instrument be <br />modified. The Parties have agreed to do so pursuant to the terms and conditions stated in this <br />Agreement. <br /> <br />AGREEMENT <br /> <br />NOW, THEREFORE, In consideration of the mutual promises and agreements exchanged, <br />the Parties hereto agree as follows: <br /> <br />1. Incorporation of Recitals. The Recitals are an integral part of this Agreement and are <br />incorporated by reference herein. <br /> <br />2. Unpaid Principal Balance. The Parties agree that as of July 1, 2007, the unpaid <br />principal balance of the Note and the Security Instrument is $84,870.74 (the "Unpaid Principal <br />Balance"). <br /> <br />3. Capitalization. The Borrower acknowledges that interest on the Unpaid Principal <br />Balance has accrued but has not been paid and the Trust, or the servicer on behalf of the Trust, <br />has incurred, paid or otherwise advanced taxes, insurance premiums and other expenses <br />necessary to protect or enforce the interest of the Note holder or mortgagee and that such <br />accrued and unpaid interest, costs and expenses in the total amount of $6,415.81 (the <br />"Capitalized Amount") has been added to the indebtedness under the terms of the Note and <br />Security Instrument, as of July 1,2007. <br /> <br />4. Modified Principal Balance. When payments resume on August 1, 2007, the new <br />balance due on the loan will be $91,286.55 ("Modified Principal Balance"), which consists of <br />$84,870.74 plus $6,415.82. <br /> <br />5. Reamortization. The Modified Principal Balance will be reamortized over 339 months. <br /> <br />6. Interest. Interest will be charged on the Modified Principal Balance at the interest rate of <br />5.000% per annum from July 1,2007. <br /> <br />7. Monthly Payment. Borrower promises to pay monthly payments of principal and <br />interest in the amount of $503.29 beginning August 1, 2007, and on the same day of each <br />month thereafter until the entire amount due and payable under the terms of the Note, Security <br />Instrument and this Agreement are paid in full. <br /> <br />8. Maturity Date. If on October 1, 2035, ("Maturity Date"), Borrower still owes any <br />amounts under the Note, Security Instrument or this Agreement, the Borrower shall pay these <br />amounts in full on the Maturity Date. <br /> <br />9. Payments; Delivery of Payments. The Borrower promises to pay the Modified <br />Principal Balance, plus interest, to the order of Washington Mutual. Borrower(s) shall make the <br />Monthly Payments described as follows, or at such other place that Washington Mutual may <br />designate: <br />