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200710808
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Last modified
12/31/2007 3:31:33 PM
Creation date
12/31/2007 3:31:32 PM
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DEEDS
Inst Number
200710808
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<br />"',. <br /> <br />200710808 <br /> <br />in full. In addition, Borrower will make an escrow payment each month on each payment <br />due date. The current escrow payment is $262.40 per month, which is subject to change <br />depending on the amounts attributable to taxes, insurance and other escrow items. The <br />initial monthly principal, interest and escrow payment will be $749.55. If on July 01, <br />2035 (the "Maturity Date"), the Borrower still owes amounts under the Note and the <br />Security Instrument as amended by this Agreement, the Borrower will pay these amounts <br />in full on the Maturity Date. The Borrower will make such payments at the following <br />address or at such other place as the Lender may require: <br /> <br />Midland Mortgage Co. <br />Attn: Cashiers <br />P.O. 268888 <br />Oklahoma City, OK 73126-8888 <br /> <br />3. If all or any part of the Property or any interest in it is sold or transferred (or if a <br />beneficial interest in the Borrower is sold or transferred if the Borrower is not a natural <br />person) without the Lender's prior written consent, the Lender may require immediate <br />payment in full of all sums secured by this Security Instrument without further notice or <br />demand on the Borrower. <br />If the Lender exercises this option, the Lender shall give the Borrower notice of <br />acceleration. The notice shall provide a period of not less than 30 days from the date the <br />notice is delivered or mailed within which the Borrower must pay all sums secured by the <br />Security Instrument. If the Borrower fails to pay these sums prior to the expiration of this <br />period, the Lender may invoke any remedies permitted by the Security Instrument <br />without further notice or demand on the Borrower. <br /> <br />4. The Borrower will comply with all other covenants, agreements, and requirements of <br />the Loan Documents, including without limitation, the Borrower's covenants and <br />agreements to make all payments of taxes, insurance premiums, assessments, escrow <br />items, impounds, and all other payments that the Borrower is obligated to make under the <br />Security Instrument; however, the following terms and provisions are forever canceled, <br />null and void, as of the date this Agreement is made: <br /> <br />(a) all terms and provisions ofthe Note and Security Instrument (if any) providing <br />for, implementing, or relating to, any restrictions or limitations on changing or <br />adjusting the rate of interest payable under the Note; and <br /> <br />(b) all terms and provisions of any adjustable rate rider or other instrument or <br />document that is affixed to, wholly or partially incorporated into, or is part of, the <br />Note or Security Instrument and that contains any such terms and provisions as <br />those referred to in (a) above. <br />Page 2 of 7 of the Loan Modification Agreement <br />Loan #49266528 <br />Order # 3851309 <br />
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