200906941 - Laserfiche WebLink

Browse

2oo9os94i amended by this Agreement, the Borrower will pay these amounts in full on the Maturity Date. 3. Place of Payment: The Borrower agrees to will make such payments at the following address or at such other place as the Lender may require: Midland Mortgage Co. Attn: Cashiers P.O.268888 Oklahoma City, OK 73126-8888 4. Sale or Transfer of Property by Borrower: a. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in the Borrower is sold or transferred if the Borrower is not a natural person) without the Lender's riar written consent, the Lender may require immediate payment in full of all sums secured by this Security Instrument without further notice or demand on the Borrower. b. If the Lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the Borrower must pay all sums secured by the Security Instrument. If the Borrower fails to pay these sums prior to the expiration of this period, the Lender may invoke any remedies permitted by the Security Instrument without further notice or demand on the Borrower. 5. Renewal and Extension: It is the intention of the parties that all liens and security interests described in the Security Instruments are hereby renewed and extended until the Principal Balance evidenced by the Note, as renewed, modified, and extended hereby, has been fully paid. The Borrower and Lender acknowledge and agree that such extension, renewal, amendment, modification or rearrangement shall in no manner affect or impair the Nate or the liens and security interests securing same, the purposes of this Agreement being simply to extend, modify, amend or rearrange the time and manner of payment of the Note and the indebtedness evidenced thereby, and to carry forward all liens and security interests securing the Nate (including, if applicable, any and all vendor's liens securing the Note), which are expressly acknowledged by Borrower to be valid and subsisting, and in full force and effect to fully secure the payment of the Note. Borrower hereby expressly waives the benefit of any and all statutes of limitations which might otherwise inure to Lender's benefit, or be in any way applicable to Lender's obligations under the terms of any and all instruments described herein. Borrower further expressly waives any right of set-off or counterclaim, or any defense to the obligations of the Note or Security Instrument. Page 3 of 9 of the Loan Modification Agreement Loan #101977905 Order # 5288340