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201105940
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201105940
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Last modified
9/14/2011 12:33:34 PM
Creation date
8/11/2011 8:37:21 AM
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DEEDS
Inst Number
201105940
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20110��44 <br />Barrawer oz� Borrower's properiy and all or any of the Rel�a,sed Parties and which <br />was made or extended or whic� occurred at any time or tim�s prior to the execution <br />of this Agreement, including v�ithout limiting in any respect the gener�lity of the <br />foregoing: (i) an� ae�io� take� ta abtain p�:yment of any indebtedness ar to atherwise <br />enforce ar exercise any right ar purcparted right af Lender as a are�iitar Af Borrowex; <br />and (ii) any paymer�t or other transfer znade to GrantorLender by or for the account af <br />Borrower, Borrower agrees and acknowledges that this release is not to be eonstrued <br />as or deemed an �eknowledgernent ar admission on the pa:rt o� any of the Released <br />Parti�s af liabilit� �Qr an� mat�er ar as precedent upon whieh liability ma� be <br />asserted. <br />10. Bankruptc� If; sinc� inception of this laan thraugh date o£ this Agreement, the <br />Borrow�r has received a discharge in a Chapter 7 bankru.ptcy and: tl�ere has been no <br />valid re�ffirmatian of the underlying debt, the Lender is not attempting to re-establish <br />any pe�rsonal liability for the �anderlyin.g debt by entering inta this Agreement, <br />However, the parties acknovviedge th�.t the Lender retains certain rights, including but <br />not lirnited to the right ta foreclose its xnterest in the property under appropriate <br />circumstanc�s. The parties agree that the consideration for this Agareement is the <br />Lender'� forbe�'ance from presently exercising its right and pursuing its remedies <br />under the Security Instrument as a r�sult caf the Barrower's default of its abligations <br />thereuncl�r. <br />11, Loan Dcaeuments Remain In Full Foree and Effect: As arnended herein the <br />pravisions of the Note and S�ecurity Instrument shall eontinue in �u.11 f4r�e and efFect, <br />and Barrower acknowledges and rea.ffirms Bc►rrower's liability to Lender th�reunder: <br />Tn the �vern of any inconsiste�cy between tlus Agreement and the terrns. a� the 1rTote <br />and Security instrument, tlus .Agre�m.ent sl�a.11 govern. Notkung in tliis Agreement <br />shall be understoe�d or co�rstru�d. to be a navatian, satisfaction Qr release in whole or <br />in part of the 1`�vte and Securi�y Instrument. Except as otherwise sp�ci�ically <br />modified in this Ageement, the Nate and Security Tnstrument will rernain unehanged, <br />and the Bor��awer �.nd the Lez�d�r vc�i11 be bourzd by, and comply with, all af the terms <br />and provis'raris tk�exeof, except as mc�dified by this Agreeme�nt. <br />12. Crrantee represents under penalty a� perjury that C"rrantee IS the occupant of the <br />Pr�perty,. <br />13, Executian of Additional Docum�nts: Borrow�r agees to malfe arrd execute such <br />other d�cunc�ertts ox papers as may be necessary ar required to efFectuate the terms and <br />conditions of �his �lgreement which, if apprQVed and aecepted by Lender, shall bind <br />and inure ta th� heirs e�ecutors, administrators, and assigns of the Borrower. <br />Fage 5' of 9 of the Loran 1YIodification A,�reement <br />Loan #48331056 <br />Qrder # 663219Q <br />
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