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<br />200902956
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<br />501416719
<br />4. Borrower also will comply with all other covenants, agreements, and requirements of the Security
<br />Instrument, including without limitation, Borrower's covenants and agreements to make all payments
<br />of taxes, insurance premiums, assessments, escrow items, impounds, and all other payments that
<br />Borrower is obligated to make under the Security Instrument; however, the following terms and
<br />provisions are forever canceled, null and void, as of the date specified in paragraph No. I above:
<br />
<br />(a) all terms and provisions of the Note and Security Instrument (if any) providing for,
<br />implementing, or relating to, any change or adjustment in the rate of interest payable under
<br />the Note, including, where applicable, the Timely Payment Rewards rate reduction, as
<br />described in paragraph I ofthe Timely Payment Rewards Addendum to Note and paragraph A.I.
<br />of the Timely Payment Rewards Rider. By executing this Agreement, Borrower waives any
<br />Timely Payment Rewards rate reduction to which Borrower may have otherwise been
<br />entitled; and
<br />
<br />(b) all terms and provisions of any adjustable rate rider or Timely Payment Rewards Rider,
<br />where applicable, or other instrument or document that is affixed to, wholly or partially
<br />incorporated into, or is part of, the Note or Security Instrument and that contains any such
<br />terms and provisions as those referred to in (a) above.
<br />
<br />5. Borrower understands and agrees that:
<br />
<br />(a) All the rights and remedies, stipulations, and conditions contained in the Security
<br />Instrument relating to default in the making of payments under the Security Instrument
<br />shall also apply to default in the making of the modified payments hereunder.
<br />
<br />(b) All covenants, agreements, stipulations, and conditions in the Note and Security Instrument
<br />shall be and remain in full force and effect, except as herein modified,alld none of the
<br />Borrower's obligations or liabilities under the Note and Security Instrument shall be
<br />diminished or released by any provisions hereof, nor shall this Agreement in any way impair,
<br />diminish, or affect any of Lender's rights under or remedies on the Note and Security
<br />Instrument, whether such rights or remedies arise thereunder or by operation of law. Also,
<br />all rights of recourse to which Lender is presently entitled against any property or any other
<br />persons in any way obligated for, or liable on, the Note and Security Instrument are
<br />expressly reserved by Lender.
<br />
<br />(c) Borrower has no right of set-off or counterclaim, or any defense to the obligations of the
<br />Note or Security Instrument.
<br />
<br />(d) Nothing in this Agreement shall be understood or construed to be a satisfaction or release
<br />in whole or in part ofthe Note and Security Instrument.
<br />
<br />(e) All costs and expenses incurred by Lender in connection with this Agreement, including
<br />recording fees, title examination, and attorney's fees, shall be paid by the Borrower and
<br />shall be secured by the Security Instrument, unless stipulated otherwise by Lender.
<br />
<br />(f) Borrower agrees to make and execute such other documents or papers as may be necessary
<br />or required to effectuate the terms and conditions of this Agreement which, if approved and
<br />accepted by Lender, shall bind and inure to the heirs, executors, administrators, and assigns
<br />of the Borrower.
<br />
<br />I,OAN MODlFICA TION AGREEMENT - Single Family - Fannie Mae Uniform Instrument
<br />Modified by First Amcrican Loan Production Services
<br />First Amcrican Rcal Estate Solutions LLC
<br />F ALPS# NEFM3162-3 Rev, 04~ 16-08
<br />
<br />Form 3162 6/06 (pagel 0/5)
<br />NEBRASKA
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