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HomeMy WebLinkAboutSubmittal-Grady Muhammad-Photos and Loan Modifications document12/5/2016 Miami, Florida View on Google Maps Street View service 10 dlr. kurir ill' lir � idade. v/ opertysearch/vews/streetview /streetvi .html?latude=25.835294578012963&longitudes-80.21547 164�vrv►et\ aia po, 0. � c \ ' .1 v' \ (4k 1M 5 6 o (, 0 4`" A 1/1 12/5/2016 Street View service Miami, Florida View on Google Maps Submitted into the public record till iteh (s)� 9 on \ 1 j.9 _. City Clerk http://www.m i am i dade.gov/propertysearctVviewsistreetview/streetview.htm I?I ati tude=25.835294578012963&I ongitude=-80.21457747230164 Repoita prof; crn 1/1 12/5/2016 Street View service Miami, Florida View on Google Maps Submitted into the public 1� ; Nowd for itcnys) •t=y 1116. http://www. m i am i dade. gov/propertysearch/views/streetvi ew/streetvi ew. htm I?I ati tude= 25.835294578012963&I ongitude=- 80.21457747230164 Repdit;a prtxlrriercie 1/1 CARRINGTON Submitted into the public1� record for ite i (s) f on City Clerk P.O. Box 3010 Anaheim, CA 92803 Date: 11/07/16 MICHAEL T JONES JACQUJELINE BALL JONES 2150 S. ANDREWS AVE. FORT LAUDERDALE FL 33316 Dear Mortgagor(s): True and Certified Copy NOV4 ZC 116 -Completed Modification - Loan Number: 1001403172 Property Address: 1089 NW 66 STREET MIAMI FL 33150-0000 Please be advised that Carrington Mortgage Services, LLC ("CMS"), current servicer and authorized agent for DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE FOR CARRINGTON MORTGAGE LOAN TRUST SERIES 2005-N.C3 ASSET BACKED PASS -THROUGH CERTIFICATES ("Lender"), has finalized your loan modification. Enclosed please find the true and certified copy of the fully executed modification agreement for your records. If you have any questions, please contact the Home Retention Department at (800) 790-9502, Monday through Friday from 8:00 AM to 8:00 PM Eastern Standard Time. Sincerely, Horne Retention Department Carrington Mortgage Services, LLC Carringtonms.com HM779 1001403172 Page I of 1 IMPORTANT DISCLOSURES - uhmitted into{; ' the public 'i ecord fot J� 1 L b4. City `�CiClerk -INQUIRIES & COMPLAINTS - For inquiries and complaints about your mortgage loan, please contact our CUSTOMER SERVICE DEPARTMENT by writing to Carrington Mortgage Services, LLC, Attention: Customer Service, P.O Box 3489, Anaheim, CA 92803, or by calling 1-800-561-4567. Please include your loan number on all pages of correspondence. The CUSTOMER SERVICE DEPARTMENT for Carrington Mortgage Services, LLC is toll free and you may call from 8:00 a.m. to 8:00 p.m. Eastern Time, Monday through Friday. You may also visit our website at carringtonms.com. -IMPORTANT BANKRUPTCY NOTICE - If you have been discharged from personal liability on the mortgage because of bankruptcy proceedings and have not reaffirmed the mortgage, or if you are the subject of a pending bankruptcy proceeding, this letter is not an attempt to collect a debt from you but merely provides informational notice regarding the status of the loan. If you are represented by an attorney with respect to your mortgage, please forward this document to your attorney. -CREDIT REPORTING - We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. As required by law, you are hereby notified that a negative credit report reflecting on your credit record may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit obligations. -MINI MIRANDA- This communication is from a debt collector and it is for the purpose of collecting a debt and any information obtained will be used for that purpose. This notice is required by the provisions of the Fair Debt Collection Practices Act and does not imply that we are attempting to coiiect money from anyone who has discharged the debt under the bankruptcy laws of the United States. -HUD COUNSELOR INFORMATION - If you would like counseling or assistance, you may obtain a list of HUD -approved homeownership counselors or counseling organizations in your area by calling the HUD nationwide toll -free telephone number at (800) 569-4287 or toll -free TDD (800) 877-8339, or by going to http://www.hud.gov/offices/hsq/sfh/hcc/hcs.cfm. You can also contact the CFPB at (855) 411-2372. or by going to www.consumerfinance.gov/find-a-housing-counselor. -EQUAL CREDIT OPPORTUNITY ACT NOTICE - The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has, in good faith, exercised any right under the Consumer Credit Protection Act. The Federal Agency that administers CMS' compliance with this law is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580. -SCRA DISCLOSURE - MILITARY PERSONNEL/SERVICEMEMBERS: If you or your spouse is a member of the military, please contact us immediately. The federal Servicemembers Civil Relief Act and comparable state laws afford significant protections and benefits to eligible military service personnel, including protections from foreclosure as well as interest rate relief. For additional information and to determine eligibility please contact our Military Assistance Team toll free at 1-888-267-5474. -NOTICES OF ERROR AND INFORMATION REQUESTS - You have the right to request documents we relied upon in reaching our determination. You may request such documents or receive further assistance by contacting Carrington Mortgage Services, LLC at (800) 561-4567, Monday through Friday, 8:00 a.m. to 8:00 p.m. Eastern Time or by mail at P.O. Box 3489, Anaheim, CA 92803. ,A RRJN TON MORT CAGE RE'RV1( PS Submitted into the public P 1t i record fo iter(s) 1 + 7 X on ' I 1 % . City Clerk P O Box 3010 Anaheim, CA 92803 Date: 10/05/16 Loan Number: 1001403172 LOAN MODIFICATION AGREEMENT BALLOON PAYMENT DISCLOSURE Notice Read Before Signing Your Loan Documents Property Address: 1089 NW 66 SIREET MIAI`R FL 33150-0000 The Loan Modification Agreement ("Agreement") provides for Ierm Extension (as defined below) and/or deferral of a portion of the principal balance of your Note The modified principal balance of your Note will be $128,831 14 (the "New Principal Balance") of which $0.00 shall be def rred (the "Total Deferred Principal Balance"). If your loan was previously modified, this Iotal Deferred Principal Balance includes prior deferment in the amount of $0 00 plus the New Deferred Principal Balance in the amount of $0.00 You will not be required to pay interest or make monthly payments on the Total Deferred Principal Balance. the New Principal Balance minus the Iotal Deferred Principal Balance shall be referred to as the "Interest Bearing Principal Balance" and this amount is $ l 28,831.14. Interest at the rate of 4.75000% will begin to accrue on the Interest Bearing Principal Balance as of 10/01/2016 Ibis Agreement provides for 223 monthly payments of principal and interest, with the initial monthly payment in the amount of S662 30 This monthly payment is calculated using a 372-month amortization period from the effective date of this Loan Modification (referred to herein as "Ienn Extension') while the modified principal balance of your Note and all accrued and unpaid interest must be paid in full no later than the :Maturity Date of your original Note Assuming that all of the monthly payments have been paid exactly on the date that each payment is due, a final balloon payment of the then -outstanding lntetest Bearing Principal Balance plus all accrued interest remaining unpaid plus the Iotal Deferred Principal Balance, which is a total sum of approximately $ 75, ] 02 88 shall become due and payable on 05/2035 (the "Maturity Date") The amount of Iota] Deferred Principal Balance and any other amounts still owed under your Loan Documents will result in a balloon: payment fully due and payable upon the earliest of: (i) the date you sell the property securing the Mortgage, (it) the date you refinance the loan, (iii) the date the entire loan is paid in full, or (iv) the Maturity Date If you make a partial prepayment of principal, the Lender may apply that partial prepayment fast to the Total Deferred Principal Balance before applying such partial prepayment to the Interest Bearing Principal Balance or any other amounts due DO NOI SIGN ANY LOAN DOCUMENIS IF YOU HAVE ANY OUTSTANDING QUESTIONS ABOUT YOUR LOAN PAYMENTS OR THIS BALLOON PAYMENT DISCLOSURE THIS LOAN IS PAYABLE IN FULL AI MATURITY OR EARLIER IF ANY ONE OF IHE EVENTS DESCRIBED ABOVE OCCURS YOU MUSI REPAY THE ENTIRE INTEREST BEARING PRINCIPAL BALANCE PLUS ALL ACCRUED AND UNPAID INTEREST IHEN DUE PLUS THE IOTAL DEFERRED PRINCIPAL BALANCE UNLESS OTHERWISE EXPRESSLY DISCLOSED IN IHE AGREEMENT, THE LENDER IN THIS TRANSACTION IS UNDER NO OBLIGAIION TO REFINANCE THE LOAN AT THAT TIME. YOU WILL, THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT YOU MAY OWN, OR YOU WILL HAVE TO FIND A LENDER, WHICH MAY BE THE LENDER WITH WHOM YOU HAVE THIS LOAN, WHO IS WILLING TO LEND YOU THE MONEY. IF IHIS LENDER, OR ANY OTHER LENDER, AGREES TO REFINANCE TIIIS LOAN, YOU MAY BE REQUIRED TO PAY THE IHEN-PREVAILING INTEREST RATE, WHICH MAY BE HIGHER OR LOWER I FIAN THE. INTEREST RATE SPECIFIED IN THE AGREEMENT. IF YOU REFINANCE THIS LOAN Al MATURITY, YOU MAY HAVE IO PAY SOME OR ALL OF THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN, EVEN IF YOU OB TAIN REFINANCING FROM THE SAME LENDER DC778 1001403172 Page 1 of 2 CERTIFIED TRUE COPY CARRINGTON );o1, i (. “,f: �.... ... ARKANSAS Arkansas Residents Only Carrington Mortgage Services, LLC ('CMS') is licensed with the Arkansas Securities Department. You may file complaints about CMS with the Arkansas Securities Department (Department) at 201 East Markham, Heritage West Building, Suite 300, Little Rock, Arkansas 72201. You may obtain further information by calling the Department's general information number at (501) 324-9260 or toll -free, (800) 981-4429 or faxing the Department at (501) 324-9268 or visiting the Department's website at http://www.securities.arkansas.gov. For a list of standard or common loan servicing fees charged by CMS, please visit the CMS website at carringtonms.com/HelpCenter/FAQ COLORADO For Colorado Residents: 13111 E. Briarwood Ave., Suite#340 Centennial, CO 80112 (303) 708-8795 MASSACHUSETTS Submitted into the public ni‘ record foil ite s) Y , 1 on ---I(' 11( . City Clerk NOTICE OF IMPORTANT RIGHTS YOU HAVE THE RIGHT TO MAKE A WRITTEN OR ORAL REQUEST THAT TELEPHONE CALLS REGARDING YOUR DEBT NOT BE MADE TO YOU AT YOUR PLACE OF EMPLOYMENT. ANY SUCH ORAL REQUEST WILL BE VALID FOR ONLY TEN DAYS UNLESS YOU PROVIDE WRITTEN CONFIRMATION OF THE REQUEST POSTMARKED OR DELIVERED WITHIN SEVEN DAYS OF SUCH REQUEST. YOU MAY TERMINATE THIS REQUEST BY WRITING TO THE CREDITOR. MINNESOTA Carrington Mortgage Services, LLC is licensed by the Minnesota Department of Commerce. NEW YORK New York City Department of Consumer Affairs License Number 1264739 This Collection agency is licensed by the City of Buffalo license numbers: 555177 & 555176 City of Yonkers Debt Collection Agency License Number: 9717 For New York residents: You may file complaints about CMS with the New York State Department of Financial Services. You may obtain further information from the New York State Department of Financial Services by calling the Department's Consumer Assistance Unit at 1-800-342-3736 or by visiting the Department's website at www.dfs.ny.gov. Carrington Mortgage Services, LLC is registered with the Superintendent of the New York State Department of Financial Services. NORTH CAROLINA Carrington Mortgage Services, LLC is licensed under North Carolina Secure and Fair Enforcement Mortgage Licensing Act and holds North Carolina Agency Licenses with Permit Nos. 102107, 103455 and 112956 Main Office: 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806 / Branch Offices: 2100 E. 196th Street, Suites 100 & 200, Westfield, IN 46074 & 6200 Tennyson Parkway, Suite 210, Plano, TX 75024. TENNESSEE This collection agency is licensed by the Collection Service Board of the Department of Commerce and Insurance. TEXAS Notice to Texas Residents: COMPLAINTS REGARDING THE SERVICING OF YOUR MORTGAGE SHOULD BE SENT TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. A TOLL -FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. C.IGTO j10Rr::a After Recording Return To: This document was prepared by Submitted into the public{`, t I record fo ite s j' on City Clerk P o Box 3010 Anaheim, CA 92803 [Space Above This Line For Recording Data] HOME AFFORDABLE MODIFICATION AGREEMENT Borrower ("I"):' MICHAEL. T JONES; JACQUELINE BALL JONES Lender ("Lender"): Carrington Mortgage Services, LLC (CMS) Date of first lien mortgage, deed of trust, or security deed ("Mortgage") and Note ("Note"): 04/15/05 Loan Number: 1001403172 Property Address [anti Legal Description if recordation is necessary] ("Property'): 1089 NV/ 66 STREET, MIAMI FL 33150-0000 If my representations and covenants in Section 1 continue to be true in all material respects, then this Home Affordable Modification Agreement ('`Agreement") will, as set forth in Section 3, amend and supplement (1) the Mortgage on the Property, and (2) the Note secured by the Mortgage the Mortgage and Note together; as they may previously have been amended, are referred to as the "Loan Documents " Capitalized terms used in this Agreement and not defined have the meaning given to :hem in Loan Documents I understand that after I sign and return two copies of this Agreement to the Lender, the Lender will send me a sighed copy of this `g eement This Agreement win not take effect unless the preconditions set forth in Section 2 have been satisfied.. My Representations and Covenants I certify, represent to Lender, covenant and agree: A I am experiencing a financial hardship, and as a result, (i) I am in default under the Loan Documents or my default is imminent, and (ii) I do not have sufficient income or access to sufficient liquid assets to make the monthly mortgage payments now or in the near future; B One of the borrowers signing this Agreement Jives in the Property as a principal residence, and the Property has not been condemned; C There has been no impermissible change in the ownership of the Property since I signed the Loan Documents A permissible change would be any transfer that the lender is required by law to allow, such as a transfer to add or remove a family member, spouse or domestic partner of the undersigned in the.event of a death, divorce or marriage; D I have provided documentation for all income that I receive (and I understand that I am not required to disclose child support or alimony unless I chose to rely on such income when requesting to qualify for the Home Affordable Modification Program ("Program")); E Under penalty of perjury, all documents and information I have provided to Lender in connection with this Agreement, including the documents and information regarding my eligibility for the Program, are true and correct; F If Lender requires me to obtain credit counseling in connection with the Program, I will do so; and G I have made or will make all payments required under a trial period plan ' if there is more than one Borrower or Mortgagor executing this document, each is referred to as I." For purposes of this document words signifying the singular (such as "I') shall include the plural (such as "we") and vice versa where appropriate MD728 1001403172 Page 1 of 5 CERTIFIED TRUE COPY CARRINGTON :fir ORT .tCfl SElt 7C&S Submitted into the public (� record R itel ) Y �i ` on City Clerk P.O. Box 3010 Anaheim, CA 92803 2. Acknowledgements and Preconditions to Modification. T understand and acknowledge that: A. If prior to the Modification Effective Date as set forth in Section 3 the Lender determines that any of my representations in Section 1 are no longer true and correct or any covenant in Section 1 has not been performed, the Loan Documents will not be modified and this Agreement will terminate In that event, the Lender will have all of the rights and remedies provided by the Loan Documents; and B I understand that the Loan Documents will not be modified unless and until (i) the Lender accepts this Agreement by signing and returning a copy of it to me, and (ii) the Modification Effective Date (as defined in Section 3) has occurred. I further understand and agree that the Lender will not be obligated or bound to make any modification of the Loan Documents if I fail to meet any one of the requirements under this Agreement. 3 the Modification. If my representations and covenants in Section 1 continue to be true in all material respects and all preconditions to the modification set forth in Section 2 have been met, the Loan Documents will automatically become modified on 10/01/16 (the "Modification Effective Date") and all unpaid late chaiges that remain unpaid will be waived I understand that if I have failed to make any payments as a precondition to this modification under a trial period plan, this modification will not take effect. The first modified payment will be due on 11/01/16 A the new Maturity Date will be: 05/2035 B the modified principal balance of my Note will include all amounts and arrearages that will be pas' due as of the Modification Effective Date (including unpaid and deferred interest, fees, escrow advances and other costs, but excluding. unpaid late chaiges, collectively, "Unpaid Amounts") less an} amounts paid to the Lender but not previously credited to my Loan The new principal balance or my Note will be S128,831 14 (the "New Principal Balance"). I understand that by agreeing to add the Unpaid Amounts to the outstanding principal balance, the added Unpaid Amounts accrue interest based on the interest rate in effect under this Agreement. I also understand that this means interest will now accrue on the unpaid Interest that is added to the outstanding principal balance, which would not happen without this Agreement. C. 0 00 of the New Principal Balance shall be deferred (the "New Deferred Principal Balance") and I will not pay interest or make monthly payments on this amount I understand that if my loan was previously modified any prior deferred principal balance in the amount of $0 00 (the 'Prior Deferred Principal Balance") will be added to this New Deferred Principal Balance for a total deferred principal balance of $0 00 (the "Total Deferred Principal Balance"). I understand that this total Deferred Principal Balance remains non -interest bearing The New Principal Balance less the total Deferred Piincipal Balance shall be referred to as the "Interest Bearing Principal Balance" and this amount is $128,831 14. Interest at the rate of 4..75000% will begin to accrue on the Interest Bearing Principal Balance as ct 10/01/16 and the first new monthly payment on the Interest Bearing Principal Balance will be due on 11/01/16 My payment schedule for the modified Loan is as follows: Years I { i Interest Rate i Interest Rate Change Date Monthl y Principal and Interest Payment Escrow Payment Total MonUily I Payment Begins On Payment Monthly Payments 1 -5 4 75000 10/01/16 $66230 $422 79 adjusts annually after year 1 $1085 09 adjusts annually after year 1 11/01/16 60 6 4 75000 10/01/21 $662 30 Adjusts Adjusts 11/01/21 Annually Annually 12 I I 4 75000 10/01/22 $662 30 Adjusts AdjustsAnnually Annually 11/01/22 12 8 4 75000 10/01/23 $662 30 Adjusts AnAdjustsually Annually1 I/01/23 12 9-19 I 4 75000 f 10/01/24 II $662 30 Adjusts .. Adjusts 11/01/24 II Annually Annually 127 MD728 1001403172 Page 2 of 5 CERTIFIED TRUE COPY CANTON Hlmitted into the public •.:r{,rd >'o - itm(s) P� . 1 City Clerk P.O. Box 3010 Anaheim, CA 92803 hereby indemnifies me against any loss associated with a demand on the Note. All documents the Lender requests of me under this Section shall be referred to as "Documents. " I agree to deliver the Documents within ten (10) days after 1 receive the Lender's written request for such replacement. Q That the mortgage insurance premiums on my Loan, if applicable, may increase as a result of the capitalization which will result in a higher total monthly payment. Furthermore, the date on which I may request cancellation of mortgage insurance may change as a result of the New Principal Balance. In Witness Whereof, the Lender and I have executed this Agreement 1. Lender By: Date. / i MB722 1/ Ji• A Fulier, Directo( Horne Retention arrington Mortgage Services, L.LC, Attorney it Fact MICHAEL. T TONE /0 / 1//2-0/ (Seal) Date 71„r /.4 Ajeldr /ACQC} yLINE BALL JONES [Space Below This Line For AcknowledgementI MARIA T FERNANDEZ MY COMMISSION #FF188755 EXPIRES M ch 23, 2019 o153 k; ridaNI 'arvService.cofpi 1001403172 Page 5 of 5 CERTIFIED TRUE COPY .ION hiORTI . cr sr:uvi;;nh Submitted into the public record f r ite P I on 17.I)1 I lb s) . City Clerk P.O. Box 3010 Anaheim, CA 92803 *Ihe escrow payments may be adjusted periodically in accordance with applicable law and therefore my total monthly payment may change accordingly the above terms in this Section 3.0 shall supersede any provisions to the contrary in the Loan Documents, including but not limited to, provisions for an adjustable, step or simple interest rate. I understand that, if I have a pay option adjustable rate mortgage loan, upon modification, the minimum monthly payment option, the interest -only or any other payment options will no longer be offered and that the monthly payments described in the above payment schedule for my modified loan will be the minimum payment that will be due each month for the remaining term of the loan. My modified loan will not have a negative amortization feature that would allow me to pay less than the interest due resulting in any unpaid interest to be added to the outstanding principal balance I understand that my monthly payment is calculated using a five hundred ten (510)-month amortization period from the date my loan was originated but the actual loan term of nay Note is three hundred sixty one (360) months I understand that, if I still owe amounts under the Note on the Maturity Date, as a result of the 150-month difference between the 510-month amortization period and the 360-month term of nay Note, a Balloon Payment shall become due and payable on the Maturity Date Such Balloon Payment includes the total amount of the Deferred Principal Balance plus the then -outstanding Interest Bearing Principal Balance plus all accrued and unpaid interest D I will he in default if I do not comply with the terms of the Loan Documents, as modified by this Agreemeni E Ii a default rate of interest is permitted under the Loan Documents, then in the event of default ende: the Loan Documents, as amended, the interest that will be due will be the late set forth in Section 3 C 4 Additional Agreements I agree to the following: A Ihat all persons who signed the Loan Documents or their authorized representative(s) have signed this Agreement, unless (i) a bon•ower or co-bonower is deceased; (ii) the borrower and co -borrower are divorced and the property has been transferred to one spouse in the divorce decree, the spouse who no longer has an interest in the property need not sign this Agreement (although the non -signing spouse may continue to be held liable for the obligation under the Loan Documents); or (iii) the Lender has waived this requirement in writing B. That this Agreement shall supersede the terms of any modification, forbearance, trial period plan or other workout plan that I previously entered into with Lender or any prior lender; however, this provision shall not be construed to waive, forgive or otherwise satisfy any amounts due under any existing or previous modification, forbearance, trial period plan or other workout plan including amounts that were previously deferred C. To comply, except to the extent that they are modified by this Agreement, with all covenants, agreements, and requirements of Loan Documents including nay agreement to make all payments of taxes, insurance premiums, assessments, Escrow Items, impounds, and all other payments, the amount of which may change periodically over the term of my Loan. D That this Agreement constitutes notice that the Lender's waiver as to payment of Escrow Items, if any, has been revoked, and I have been advised of the amount needed to fully fund my escrow account E That the Loan Documents as modified by this Agreement are duly valid, binding agreements, enforceable in accordance with their terms and are hereby reaffirmed. F You understand that you are not required to waive or release any claims and/or defenses in connection with this Agreement G. You understand and agree that by accepting this Loan Modification your credit score may be adversely affected. The impact of a permanent modification on a credit score depends on your entire credit profile For more information about your credit score, go to hup://www.ftc.govibcp/eduipubs/consumer/crediticre24.shtm H That all terms and provisions of the Loan Documents, except as expressly modified by this Agreement, remain in full force and effect; nothing in this Agreement shall be understood or construed to be a MD728 1001403172 Page 3 of 5 CERTIFIED TRUE COPY CARRINGTON oIrru.t GE SI:RvICES Submitted into the public (� �' record1f ite s r on _.._2C. City Clerk P.O. Box 3010 Anaheim, CA 92803 satisfaction or release in whole or in part of the obligations contained in the Loan Documents; and that except as otherwise specifically provided in, and as expressly modified by, this Agreement, the Lender and I will be bound by, and will comply with, all of the terms and conditions of the Loan Documents I That, as of the Modification Effective Date, notwithstanding any other provision of the Loan Documents, if all or any part of the Property or any interest in it is sold or transferred without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by the Mortgage Lender shall not exercise this option if state or federal law, rules or regulations prohibit the exercise of such option as of the date of such sale or transfer If Lender exercises this option, Lender shall give me 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 I must pay all sums secured by the Mortgage If I fail to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by the Mortgage without further notice or demand on me J Ihat, as of the Modification Effective Date, I understand that the Lender will only allow the transfer and assumption of the Loan, including this Agreement, to a transferee of my property as permitted under the Gain St Germain Act, 12 U S C Section 1701j-3 A buyei or transferee of the Property will not be permitted, under any other circumstance, to assume the Loan Except as noted herein, this Agreement may not be assigned to, or assumed by, a buyer or transferee of the Property K That, as of the Modification Effective Date, if any provision in the Note or in any addendum or amendment to the Note allowed for the assessment of a penalty for full or partial prepayment of the Note, such provision is null and void L That, I will cooperate fully with Lende: in obtaining any title endoisement(s), or similar title insurance product(s), andior subordination agreement(s) that are necessary or required by the Lender's procedures to ensure that the modified mortgage loan is in first lien position andior is fully enforceable upon modification and that if, under any circumstance and not withstanding anything else to the contrary in this Agreement, the Lender does not receive such title endorsement(s), title insurance product(s) and/or subordination agreement(s), then the terms of this Agreement will not become effective on the Modification Effective Date and the Agreement will be null and void. M. That I will execute such other documents as may be reasonably necessary to either (i) consummate the terms and conditions of this Agreement; or (ii) correct the terms and conditions of this Agreement if an error is detected after execution of this Agreement. I understand that either a corrected Agreement or a letter agreement containing the correction will be provided to me for my signature At Lender's option, this Agreement will be void and of no legal effect upon notice of such error If I elect not to sign any such conective documentation, the terms of the original Loan Documents shall continue in full force and effect, such terms will not be modified by this Agreement, and I will not be eligible for a modification under the Home Affordable Modification Program N. Mortgage Electronic Registration Systems, Inc. ("MERS") is a separate corporation organized and existing under the laws of Delaware and has an address and telephone number ofP.O Box 2026, Flint, MI 48501-2026, (888) 679-MERS In cases where the loan has been registered with NIERS who has only legal title to the interests granted by the borrower in the mortgage and who is acting solely as nominee for Lender and Lender's successors and assigns, MERS has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling the mortgage loan O. Ihat Lender will collect and record personal information, including, but not limited to, my name, address, telephone number, social security number, credit score, income, payment history, government monitoring information, and information about account balances and activity In addition, I understand and consent to the disclosure of my personal information and the terms of the trial period plan and this Agreement by Lender to (i) the U.S Department of the Treasury, (ii) Fannie Mae and Freddie Mac in connection with their responsibilities under the Home Affordability and Stability Plan; (iii) any investor, insurer, guarantor or servicer that owns, insures, guarantees or services my first lien or subordinate lien (if applicable) mortgage loan(s); (iv) companies that perform support services for the Home Affordable Modification Program and the Second Lien Modification Program; and (v) any HUD certified housing counselor P That if any document related to the Loan Documents and/or this Agreement is lost, misplaced, misstated, inaccurately reflects the true and correct terms and conditions of the Loan as modified, or is otherwise missing, I will comply with the Lender's request to execute, acknowledge, initial and deliver to the Lender any documentation the Lender deems necessary If the Note is replaced, the Lender MD728 1001403172 Page 4 of S CERTIFIED TRUE COPY CARRINGTON \ 0 Th ;£ SF;R\'X.7;s Submitted into the public P I� + 1 record fd ite (�) on WA n . City Clerk P_O.Box 3010 Anaheim, CA 92803 Loan Number: 100140.3172 ACKNOWLEDGEMENT (ALL BORROWERS MUSI SIGN AND DATE): 1/We have read and hereby acknowledge receipt of the above notice concerning the balloon payment provisions of the Agreement I/We will execute such other documents as may be reasonably necessary to correct the terms and conditions of this Disclosure if an error is detected after execution of this Disclosure L/We understand that a corrected Disclosure will be provided to me/us for my/our signature At Lender's option, this Disclosure will be void and of no legal effect upon notice of such error If I/we elect not to sign a corrected Disclosure, the terms of the Agreement shall continue in full force and effect, such terms will not be modified .y this Disclosure MI H AEL T 1 DC 6' /�c.�.�GLz-. \iL1j�_Q.INE BALL (ONES (Date) (.o �� / ' 2�I 6 1001403172 Page 2 of 2 CERTIFIED TRUE COPY