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Home My WebLink About941047 RECORD AND RETURN TO: FIRST AMERICAN TITLE P.O. BOX 27670 SANTA ANA, CA 92799-7670 ATIN: LMTS RECEIVED 8/5/2008 at 4:33 PM RECEIVING # 941047 BOOK: 701 PAGE: 605 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY PREPARED BY: DA VID HAMLETI OPTION ONE MORTGAGE CORPORATION 3 ADA IRVINE, CALIFORNIA 92618 \ J 1 [Space Above This Line for Recording Data] Fannie Mae Loan No. 321037301 Loan No. 0022284350 OOOf=:OS LOAN MODIFICATION AGREEMENT (Providing for Fixed Interest Rate) This Loan Modification Agreement ("Agreement"), made this 27TH day of FEBRUARY, 2008 between JAIME PARRA AND NOEMI PARRA, HUSBAND AND WIFE ("Borrower") and OPTION ONE MORTGAGE CORPORATION ("Lender"), amends and supplements (1) the Mortgage, Deed of Trust, or Security Deed (the "Security [nstrument"), and Timely Payment Rewards Rider, if any, dated SEPTEMBER 14, 2006 and recorded in Book or Liber 634, at page(s) 167 . ,of the Official Records of (Name of Records) LINCOLN COUNTY, WYOMING and (2) the Note, bearing the same date as, (County and State, or other Jurisdiction) and secured by, the Security Instrument, which covers the real and personal property described. in the Security Instrument and defined therein as the "Property", located at 795 VISTA DR, THAYNE, WYOMING 83127 (Property Addres.) the real property described being set forth as follows: LOT 91 OF STAR VALLEY RANCH PLAT 9, LINCOLN COUNTY, STATE OF WYOMING, AS DESCRIBED ON THE OFFICIAL PLAT THEREOF [n consideration of the mutual promises and agreements exchanged. the parties hereto agree as follows (notwithstanding anything to the contrary contained in the Note and Security Instrument): ), As of MARCH 1, 2008 , the amount payable under the Note and the Security Instrument (the "Unpaid Principal Balance") is U,S, $ 44,708.30 ,consisting of the unpaid amount(s) loaned to Borrower by Lender plus any interest and other amounts capitalized, 2, Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of 8.500 %. from MARCH 1,2008 , Borrower promises to make monthly payments of principal and interest ofU,S. $ 347.56 ,beginning on the 1ST day of APRIL,2008 and continuing thereafter on the same day of each succeeding month until principal and interest are paid in full. The yearly rate of 8.500 % will remain in effect until principal and interest are paid in full. If on OCTOBER 01, 2036 (the "Maturity Date"), Borrower still owes amounts under the Note and the Security Instrument, as amended by this Agreement, Borrower will pay these amounts in full on the Maturity Date, LOAN MODlFlCA nON AGREEMENT - Single Family - Fannie Mae Uniform Instrument FALPSN 3179 Rev. 02-22-08 Form 3179 1/01 (rev. 6/06) fÍXlge J oj 4) " 0022284350 3, If all or any part of the Property or any interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by the Security Instrument. If Lender exercises this option, Lender shall give 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 Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any remedies pennitted by the Security Instrument without further notice or demand on Borrower. 4. Borrower also will comply with all other covenants, agreements, and requirements of the Security Instrument, including without limitation, Borrower's covenants and agreements to make all payments of taxes, insurance premiums, assessments, escrow items, impounds. and all other payments that Borrower is obligated to make under the Security Instrument; however, the following tenns and provisions are forever canceled, null and void, as of the date specified in paragraph No. I above: (a) all tenns and provisions of the Note and Security Instrument (if any) providing for, implementing, or relating to, any change or adjustment in the rate of interest payable under the Note, including, where applicable, the Timely Payment Rewards rate reduction, as described in paragraph I of the Timely Payment Rewards Addendum to Note and paragraph A.I. of the Timely Payment Rewards Rider. By executing this Agreement, Borrower waives any Timely Payment Rewards rate reduction to which Borrower may have otherwise been entitled; and (b) all terms and provisions of any adjustable rate rider, or Timely Payment Rewards Rider, where applicable, or other instrument or document that is affixed to, wholly or partially incorporated into, or is part of, the Note or Security Instrument and that contains any such terms and provisions as those referred to in (a) above, 5, Borrower understands and agrees that: (a) All the rights and remedies, stipulations, and conditions contained in the Security Instrument relating to default in the making of payments under the Security Instrument shall also apply to default in the making of the modified payments hereunder. (b) All covenants, agreements, stipulations, and conditions in the Note and Security Instrument shall be and remain in full force and effect, except as herein modified, and none of the Borrower's obligations or liabilities under the Note and Security Instrument shall be diminished or released by any provisions hereof, nor shall this Agreement in any way impair, diminish, or affect any of Lender's rights under or remedies on the Note and Security Instrument, whether such rights or remedies arise thereunder or by operation of law, Also, all rights of recourse to which Lender is presently entitled against any property or any other persons in any way obligated for, or liable on, the Note and Security Instrument are expressly reserved by Lender, (c) Borrower has no right of set-off or counterclaim, or any defense to the obligations of the Note or Security Instrument. (d) Nothing in this Agreement shall be understood or construed to be a satisfaction or release in whole or in part of the Note and Security Instrument. (e) All costs and expenses incurred by Lender in connection with this Agreement, including recording fees, title examination, and attorney's fees, shall be paid by the Borrower and shall be secured by the Security Instrument, unless stipulated otherwise by Lender. (I) Borrower agrees to make and execute such other documents or papers as may be necessary or required to effectuate the terms and conditions of this Agreement which, if approved and accepted by Lender, shall bind and inure to the heirs, executors, administrators, and assigns of the Borrower. (Acknowledgment on following pages) LOAN MODIFICATION AGREEMENT - Single Family - Fannie Mae Unirorm Instrument FALPS#3179-2 Rev, 01-14-08 Form 3179 1/01 (rev. 6/06) (page 1 of 4) OOv~06 OPTION ONE MORTGAGE CORPORATION Cynthia Smith Assistant Seoretary ~ ~\ ¡ß rl'^-R.... Ll . ME PARRA --- V' f}« Æ \~p~ NOE PARRA 0022284350 -Lender -Borrower -Borrower -Borrower -Borrower -Borrower LOAN MODIFICATION AGREEMENT - Single Family - Fonnie Moe Uniform Instrument FALPSN3119-3 Rev, 01-14-08 -Borrower Form 3119 1/01 (rev. 6/06) (page 3 of 4) 006607 0022284350 STATE OF [Space Below This Line for Acknowledgments] úJ yn/nt '\C; ~g COUNTY OF /..¡ ~/(lL)¿A.J The foregoing instrument was acknowledged before me this qttr r.l/'}¡1J' !J1()j7!f. PATRICIA R. NYRf COUNTY OF NO STATE OF 2YYP~; on~~ ;f6wledgment Printed Name Title or Rank Serial Number, ifany ~ .~~ilture of ------..-- _._;~. . , LENDER ACKNOWLEDGMENT STATE OFCCA \ .{om: f!o- COUNTY OF . The foregoing instrument was acknowledged before me this L." nt1.. ¡.'*- St?1,~ 'f-V1 ,the kss.' Sf7.1"+ of Option One Mortgage a California Gorporatlon ,on behalfofsaid entity, Signature of Person Taking ACkn~Wledgment~ aAJ ,~ rJ 1l ~ :t52: Pnnted Name ~A\L \y V" ¡.fkVh(~f-'.:'· r..··· nJW\fD·;J;~·V·.·;;~r~T~l TitleorRank /)D~6..l'r Puþ h<-- ~ ~.····"·:'~.I::~~ COMM. # 1783401 Z Serial Number, ifany :2 ~f.~-j¡ -;: NOTARY PUBLIC - CALIFORNIA~ ~ \S$ ORANGE COUNTY J I '.. ,." M~ Co.m.n:: .~~~~r.~s ~~~: .~.~ 2~.1.1. ~.. ~A:"9N,",.", ......y" ........ ........................ THIS DOCUMENT WAS PREPARED BY: DAVID HAMLETI' OPTION ONE MORTGAGE CORPORATION 3 ADA IRVINE, CALIFORNIA 92618 LOAN MODlFICA nON AGREEMENT - Single Family - Fannie Mae Uniform Instrument FALPSN 3179-4 Rev. 01·14-08 Form 3179 1/01 (rev, 6/06) (page 4 of 4) COÛ~08