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<br />200709469 <br /> <br />and security interests on all of the Subject Property and any other rights and interests which now <br />or hereafter secure said Note until said Note as modified hereby has been fully paid, and agree <br />that this modification and extension will in no manner impair the Note or any of the liens and <br />security interests securing the same and that all of the liens, equities, rights, remedies and <br />security interests securing said Note shall remain in full force and effect and shall not in any <br />manner be waived. Borrower further agrees that all of the terms, covenants, warranties and <br />provisions contained in the original Note and Security Instrument are now and shall be and <br />remain in full force and effect as therein written, except as otherwise expressly provided herein, <br />until the Note is paid in full and all other obligations under the Security Instrument are fulfilled. <br /> <br />13. Further Assurances. Borrower does further state and warrant that all of the recitals, <br />statements and agreements contained herein are true and correct and that Borrower is the sole <br />owner of the fee simple title to all of the Subject Property securing the Note. <br /> <br />14. Acknowledgment by Borrower. As part of the consideration for this Agreement, <br />Borrower agrees to release and waive all claims Borrower might assert against the Trust and or <br />its agents, and arising from any act or omission to act on the part of the Trust or it's agents, <br />officers, directors, attorneys, employees and any predecessor-in-interest to the Note and Security <br />Instrument, and which Borrower contends caused Borrower damage or injury, or which <br />Borrower contends renders the Note or the Security Instrument void, voidable, or unenforceable. <br />This release extends to any claims arising from any judicial foreclosure proceedings or power of <br />sale proceedings if any, conducted prior to the date of this Agrcement. Borrowers havc and <br />claim no defenses, counterclaims or rights of offset of any kind against Lender or against <br />collection of the Loan. <br /> <br />15. Bankruptcy Considerations. Notwithstanding anything to the contrary contained in <br />this Agreement, the Parties hereto acknowledge the effect of a discharge in bankruptcy that may <br />have been granted to the Borrower prior to the execution hereof and that the Note holder may <br />not pursue the Borrower for personal liability. However, the Parties acknowledge that the <br />mortgageelbeneficiary retains ccrtain rights, including but not limited to the right to foreclose its <br />lien against the Subject Property under appropriate circumstances. The Parties agree that <br />additional consideration for this Agreement is the Trust's forbearance from presently exercising <br />the rights and remedies of the Note holder and mortgagee under the Security Instrument. <br />Nothing herein shall be construed to be an attempt to collect against the Borrower personally or <br />an attempt to revive personal liability, if the BOlTower has obtained a discharge of that liability <br />from a United States Bankruptcy Court. <br /> <br />[signature pages follow] <br />