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SAXON

April ,2011 17
Loan #: 67

Dear

.:

Congratulations-! are eligible a mortgage for LoanModification underthe SaxonMortgage Services Inc. .You program. arrernatve catton modfl The enclosed Alternative LoanModification Agreement ("Modification Agreement") reflects proposed the termsof your modified mortgage. Howto AcceptThisOffer: To. accept. this.offer, and prebothcopies oftheModification voqm.ust.sig.n return Agreement us in theenclosed, to paidenvelope May17,2011. theModification by lf provisionstheend, must-finboth Agreement notary has you at copiesbefore notarypublicand return notarized a the you copiesto us. We encourage to makea copy of all documents yourrecords. youdo notsendbothsigned for lf copies theModification of Agreement theaboGdate, by youmustcontact immediately youmaybe ineligible have us yourloanmodified. or to payments Youmustcontinue make monthly period to all trial required Saxon bv Mortqaqe Services uDthrouoh Inc. the effective of this modification.you fail to makeall mohthly period date lf payhEnts, maybeideemEd you trial ineligible thisalternative piogram. for modification To p_ettqr understand proposed the termsof you modified pleasereadthe attached mortgage, summary your of modified mortgage the Modification and Agreem'ent. We lookfoMard hearing youno later to from thanMay17,2011. Sincerely,

Saxon Mortgage Services Inc. 4708Mercantile Dr FortWorth, 76137 TX Attachments: . Summary ofYour Modified Mortgage . Twocopies the l/odification of Agreement

MODIFIED AITERNATIVE LOAN MODIFICA]ION PROGMI,I LOAI,{ I\IODIFICATION COVER LETTER Modeled Treasury MCL-3090908 Aner Fori wP @ Wolels KlNerFinan.ial Serui@s @2010

(1001) 011135 Page 1of2

NEW PRINCIPAL BALANCE. Any past due amounts as of the effectivedate of the alternative modification, including. unp-aid interest. estatci real taxes,. insurance premiums, certain ind as."ssmenGplia ori vourbehalf a to partv,will be addedto vour modgage third loan balance. you flffitt ttre termi ot trl-iiiil iretigl i;;irl-i'ti; ;ui tf ry! tlmited .to, making an! remaini-ni--trial period palimints" we witt rvaive lr-L Lt?,-'iiirqes thar have accrued and remain unpaid as of the effective date ilf ihe altirnative modification. INTERESTRATE. The interestrate on your modifiedloan will be adjustedas notedin the attachedModification Agreement Section in 3.C. ESCROW ACCOUNT. Thetermsof your Modiflcation Agreement require servicer set asidea ponion the to ofvour new.monlhly p.ayment an escrowaccountfor payme-nt in pr"-riuin;-;;j dt;;; ofyour pioperty taxes, insurancJ requrreo rees. Any pnor warverof escrowsby your lenderis no longerin effect.saxon Mortqa.qe servicesInc. will orawon Inls account pay.yorlrrealestatetaxesand insurance lo premiums they comeluie.Pleasenotethat as your escrowpayment amount adjustif yourtaxes,insurance will prehiums and/or asdessment amounts chanoe. so (ne amount youl. monthly oJ payment that SaxonMortgage Services must placein escrow also adiist as Inc. will monthly maychange. Yourinitial payment'will monthly escrow be P:lT'I:o oy law. I nrsmeansthat,your, Inls amount ls Included the .payment rz4t.zv. In loan paymentnoted in Section3.C. ol the encioded Modificatjon Agreement: do not needto remitthis amount you separ'attily. ESCROW SHIIRTAGE.Dueto the timingof yourtax and insurance payments, have we determined thereis a that ' shortage fundsin yourescrow of accounf ttie amount g4.618.06. in of (60 Vou may pavinis jmouni oveia s-vear montns) e.crow pavmentstated;bovd. lf .peflod. I hts monthlypaymenthas alreadybeen includedin the month'jv yot wrsh to.,paythe total shortago now in a lump sum, please contact us'. paying th"isamount now in a rump sum wrr reduceyour new monthlymortgagepayment. PAYMENT SCHEDULE.The enclosedNrodiflcation Agreement includesa paymentschedule Section3.C. in yourpayment planforthelifeofyourmodified showing loain. FEES. Thereare no fees or otherchargesforthis modification. REPRESENTATIONS. Please read the enclosed ModificationAgreementcarefullvand make sure that vou understand and that the statementsset forth^in_the_ Represen'tations" it "My section'aretrueanOaccurate. it iou questions, please haveany contact at 1-888-325-3502.' us

MOOIFIED - LOAN ALTERNATIIE LOAN MODJFICATION PROGRAI"I I4OOIFICATION COVER LETTER lrodeled Treasury MCL-]090C08 Aner Forn Wollrs Kluwer Financial SeMces @2010

(100.{) 011135 Pa9e d2 2

Return To: Saxon Mortgage Seruices Inc. 4708Mercantile Dr FortWorth, 76137 fX This document prepared was by: Saxon Mortgage Inc. Services 4708Mercantile Dr FortWorth, 76137 TX lnvestor # Loan 467

lspace Above This Line For Recording Datal

ALTERNATIVE LOANMODIFICATION AGREEMENT

Borrower ["1"):I .,

("Lendei): Lender Servicer or Deutsche Bank National TrustCompany, Trustee Novastar as for Mortgage Funding Trust,Series2006-4, by SaxonMortgage Inc.,as its attorney-in-fact Services,

1 lf more thanoneBorrower Mortgagor executing document, is referred as "1." or is this each to For purposes (such "l")shall (such "we") words include plural the ofthisdocument signirying singular the as as andviceversa where appropriate. MODIFIED MULTISTATE ALTERNATIVE LoAN MODIFICATIoN AGREEMENT MERS with Modeled AfterForm 3/09(rev.8/09) 3157 VIVP@ Wolters Kluwer Financial Services @2010

014436(1004)
D.^a I ^fO

July 11, 2006 and deedoftrust, or securitydeed("Mortgage") Note("Note"): Dateof first lien mortgage, LoanNumbe MIN '11476 ("Property"): is Property Address and LegalDesciptionif recordation necessaryj AS HERETO AND MADEA PARTHEREOF, EXHII3IT'A' ATTACHED LEGALDESCRIPTION

Loan in lf mv reoresentations Section 1 continueto be true in all materialrespects,then this Alternative (1) ("Aoreement") as set forth in Section3, amendand supplement the will. Aqreement Modification as and TheMortgage Notetogether, secured the Mortgage. by aid Mortqaqe th! Property, (z) tne'ruote on termsused Capitalized to are havebeenamended, referred as the "LoanDocuments." thevhbv previously givento them in LoanDocuments. havethe meaning in this A6reement ahd not defined me the se_nd to two ofthisAgreement the Lender, Lenderwill that I understand afterlsign andreturn copies set effectunlessthe preconditions forthin ThisAgreement not-take will a signed copy ofthis Agrdement. Section2 havebeensatisfied. '1. My Representations. I certify,represent Lender to and agree: hardship, and as a result,(i) | am in defaultunderthe Loan a A. I am exoeriencinq flnancial liquidassetsto makethe incomeor accessto sufflcient and lii) | do not havesuffici6nt Documents, monthlymortgage fayments nowor in the nearfuture; has not beencondemned; as residence, the Property and B. I livein the Property my principal since I signedthe l-oanDocuments; ofthe Property C. Therehas beenno changein the ownership (andI understand lam not required that for documentation all incomethat I receive D. I haveprovided to or to disciosechild support alimonyunlessI choseto rely on such incomewhen requesting program ("Program")); qualify forthisModillcation to with I and informationhaveprovided Lenderin connection E. UnderDenaltv periurv,all documents of for regarding eligibility the Program, my inclldiig the documents information and this Agreement, are true and correct; with lwill do so; and me credit counseling connection the Program, in requires to obtain F. lf Lender

MODIFIED with MERS AGREEMENT ALTERNATIVE LOAN MODIFICATION MULTISTATE After Form31573/09 (rev.8/09) Modeled VMP @ Services@20'10 WoltersKluwerFinancial

(1004) D14436 2 Page of 9

Years Interest Rate

clll^su

Interest Rate

MonthlV Payment Amount

Estimated Monthlv Total Payment Number of Escrow Monthly Begins Monthlv Payment Payment" On Paymenis Amount*
60

1-5

2%

$543.03 $242.29, $785.32, 04t01t2011monthly principal mayadjustmay adjust 05t01t2011 & jnterest payment periodically periodically

6 7
8-26

3o/o

$604.73 04t01t2016 principal MayadjustMayadjust05/0'1/2016 12 monthly & periodically payment periodically Interest $667.85 04t01t2017 principal periodically adjust 05t01t2017 monthly & MayadjustMay periodically payment interest 12

4%

4.87 5%

$723.78 04t01t2018monthly principal May adjust May adjust 0510112018 220 & periodically interestpayment periodically

*, The escrow pgyments may be adjusted pedodicallyin accordancewitir applicablelaw and tneretore totalmonthly payment my may change accordingly. The above terms in this Section3.C. shall supersede anv provisions the contrarv the Loan to in Documents, including not limitedto, provisi<ins an adjustable step interestraie. but for or I understand that, if I have a pay option adjustablerate mortgageloan, upon modification, the paym(rnt minimum monthly option, interesl-onlv anv otheip-avment the or opiions no lonobr will oe offered pbvrientschedule mv mddified and that the monthlypayments described'in above the for peymeht loanwill be the minimum that will be due eachmonth the remainino ioi term otthe loan. My modified loan will not havea negative amortization feature that wouldallowfie to pav less than the interest resulting any unpaid due in interest be added the outstanding principal to to b'alance. D. I will be in defaultif I do not comply with the terms of the Loan Documents, modified this as by Agreement. E. lf a defaultrate of interestis permitted underthe LoanDocuments, then in the eventof defaultunoer the Loan Documents, amended, interestthat will be due will be the rateset forthin Section as the 3.C. Additional Agreements. I agreeto the following: A. That-allpersonswho signedthe Loan Documents their authorized or representative(s) signed have this Agreement, (ii) unless(i) a borrower co-borrower deceased; thb borrower co-borrower or is anil are divorced and the propertyhas beentransferred one spousein the divorce to decree,the spouse who no longerhas an interest the property in (although nonneednot sign this Agreement the slgnlng spousemay continue be heldliablefor the obligation to under LoanDocuments); (iii) the or tne Lenoer watved requrrementwnttngnas thts In

MODIFIED MULTISTATE ALTERNATIVE LoAN MODIFICATION AGREEMENT with MERS Modeled After Form31573/09 (rev.8/09) VMP @ WoltersKluwerFinancial Services@2010

D14436(1004) Page4 of I

That this Agreement shall supersede terms of any modification, the forbearance, MakingHome Affordable Tiial PeriodPlanor WorkoutPlanthat I previolslyenteredintowith L-endei.

c. To comply, except to the extent that they are modifiedby this Agreement,with all covenants,

t0 agreements, requirements LoanDocuments and of including agreement makeall payments my premiums, assessments, Escrow ltems,impounds, all otherpayments, and the of taxes,insurance periodically amount whichmay change of overthe termof my Loan. waiveras to pavmentof Escrow ltems. if That this Aqreement constitutesnoticethat the Lender's any, has bEenrevoked,and I havebeen advisedof the amount neededto fully fund my escrow account. That the Loan Documentsare composed of duly valid, binding agreements,enforceablein with theirterms and are herebyreafflrmed. accordance F. That all terms and provisionsof the Loan Documents,except as expressly modifiedby this or Aoreement.remain in full force and effect: nothino in this Aqreementshall be understood contained the Loan in coislrued io be a satisfaction releasein wholeor-inDartof thd oblioations or in, Documents; and that except as othenvisespeciflcallyprovided aid as expresslymodifiedby, this Agreement, Lenderand I will be boundby, and will complywith, all of the terms and the conditions ofthe LoanDocuments. That, as of the ModilicationEffectiveDate, notwithstanding any other provisionof the Loan Documents,I agree as follows: lf all or any part of the Propertyor any inlerest in it is sold or transferred without Lencleis prior written consent, Lendermay, at its option, requireimmediate However. Lender shall not exercisethis oDtion oavmentin full of all sums securedbv the Mortoaqe. prohibitiheexerciseof such optionas ofthe date of Such if s'tateor federallaw, rulesor regulations The sale or transfer.lf LdnderexercEes this bDtion.Lendershall qive me notice of acceleration. or notice shall Drovide Deriod not less thah 30 davs fromthe d;te the noticeis delivered mailed a of withinwhichl must odv all sums secured the Mortaaoe. I fail to Davthesesums priorto the bv lf withoutfurther by expiration this period.Lendermay invokeiny remedieipermitted the Mortgage of noticeor demandon me. That, as of the Modification Effective Date, I understand that the Lender\^,illonly allowthe transfer this to ofmy property permitted as and assumption ofthe Loan,including Agreement, a transferee -U.S. A 6f the Act, 12 C. Section 17Olj-3. buyeror trahdferbe the Property under GarnSt. Germain under any othercircumstance, assumethe Loan.Except notedherein, to as will not be permitted, ofihe Property. this Agreement may not be assigned or assumedby, a buyeror transferee to, or That, as of the Modification EffectiveDate, if any provisionin the Note or in any addendum ofthe to ofa penaltyforfull or parlialprepayment amendment the Note allowedfor the assessment is Note,suchprovision nullandvoid. or titleinsurance That,lwill cooperate with Lender obtainlng titleendorsement(s),similar fully in any product(s), or by the Lendeis and/orsubordination aqreement(s) that are necessary required -and/or is fully ilroceodnls to ensure that the m;dified mbrtgageloan is in firbt lien dosition and ndt withstanding anything bnforceable upon modification and that if, unde'r5ny circumstance such title endorsement(s), title else to the contraryin this Agreement, Lenderdoes not receive the product(s) will insurance and/orsubordination agreement(s), the termsof this Agreement not then on Effective Dateand the Aqreement be null andvoid. will becomeeffective the Modification

MODIFIED LOANMODIFICATION AGREEMENT MERS with MULTISTATE ALTERNATIVE Modeled AfterForm 3157 3/09(rev.8/09) VlilP @ Kluwer Financial Services @2010 Wolters

D14436(1004) Page5 of 9

That I will execute such other documentsas may be reasonably necessarv either li) to consummale termsand conditions thisAgreement, (ii)correct termsaid conoiiions the of or ihe b'r this Plan if an error is cletected after execution-of this Agrebment.I understand that a Corecteo Agreement .be provided me and this Agreement ie voidand ot no tegateffeii ,poii notlc" will to will oTsucn error..n.t elect not to srgnany such corrected Agreement, termsofthe oribinal the Loan uocumenrs sha contrnue In tull force and effect, such terms will not be modifle-d this bv Agreement,and I wlll not be eligiblefor a modificaiion under the Home efioraible tr,toam'""tij" program. MortgageElectronicRegistlation systems, Inc. ("MERS")is a separatecorporation organized and exrslrng unoer rawsot uelaware_a-nd an address the has and telephone number p.o. Box 2026, of Flint,Ml 48501-2026, (888)679-MERS. cases wherethe loanhas beennioistereo utEns In witn who,has only legaltitleto the interests granted the bonower the mortgagi by in andwho is actino soleryas nomtnee Lenderand Lender's lor successors and assiqns,MERS has the rioht:tb exercise or all of thoseinterests, any including. not limited the rightto foreclose s;ell but to, and the 19q9lty; .?nd to ,take any action requiredof Lenderincluding,but not limited to, releasingand cancelng mongage rne |oan. M. That Lender may collect information. including, not limited my name, but to, .andrecordpersonal aooress,letepnone nunlber,soclal securitynumber,credit score, income. pavmenthistorv. government monitoring information, information and aboutaccount balances aitivitv.Inadditioit. anrl I understand and consentto the disclosure mv personal of -Department information the ierms of this and Modification Agreementby Lenderto (a) the U.s. of the Treasury.(b) anv investoi. insurer,guarantor servicer or that owns, insures,guarantees services firsf iien or si:bordinate or my tren(rtapptrcabte) mortgage toan(s); (c) any HUDcertified and housing counselor. I agree that.if any.document relatedto the Loan Documents and/orthis Agreement lost, is misplaced,misstated,inaccurately reflectsthe true and correctterms and conditiSns ofthe loana6 modiiled, is otheMise or missing, will complywiththe Lender's I request execute. to acknowledoe. initialand deliver the Lenderany documentation Lender to the deemsnecessarv. the orioinal lf promissory noteis replaced, Lender the hereby indemnifies against lossa-ssociated a me any with demand the original on note. documents Lender All thd requests ofme undrir Section this 4.N.shall be referred as "Documents." to Iagreeto deliver Documents the within ('10) ten daysafterlreceive the Lender's writtenrequerst such replacement. for

REMAINDER PAGEINTENTIONALLY OF LEFT BLANK, SIGNATURE PAGESFOLLOW

MODIFIED MULTISTATE ALTERNATIVE LOAN MOoIFICATION AGREEMENT with MERS Modeled Afler Form31573/09 (rev.8/09) VMP @ Wolters Kluwer Financial Serviceli O2010

D14436(1004) Page6 of 9

-Borrower

-Borower

-Borrower

BORROWER ACKNOWLEDGEMENT State of Florida County of HILLSBOROUGH This instrument was acknowledged before on me

by

Mycommission expires:

NotarvPublic

MODIFIED MULTISTATE ALTERNATIVE LOAN MODIFICATION AGREEMENT with MERS Modeled After Form3157 3/09 (rev.8/09) VMP @ Wolters KluwerFinancial Services O2010

D14436(1004)

Deutsche National Bank Trust Compamv. Trustee Novastar as for Mortqaqe Fundinq Trust. Series 2006-4, Saxon by Mortgage Services, asitsattorney-in-fact lnc.,

(Seal) -Lender

By:

LENDER ACKNOWLEDGEMENT

State of Texas Gounty of Tarrant Theforegoing instrument acknowledged methis was before by

andas suchis authorized execute to instruments the'corporation for whose name subscribed attorney-in-fact is as onbehalf of Deutsche National Bank Trust Company, Trustee NovaStar as for Mortgage Funding Trust, Series 2006-4, Saxon by Mortgage Services, asitsattorney-in-fact Inc.,

, a corporatlon, behalf thecorporation. on of He/She personally is known meor hasproduced to as identification indicating he/she authorized execute is to instruments forthe corporation acting attorney-in-factbehalf theprincipal. as on of

MODIFIED MODIFICATION MULTISTATE ALTERNATIVE LOAN AGREEMENT MERS with Modeled AfferForm 3157 3/09(rev.8/09) vMP @ Wolters Kluwer Financial Services @2010

D14436(004) Paoe of g I

Mortqaqe Electronic Reqistration Svstems.Inc.

__

(Seal) -Mortgagee

By:

MORTGAGEE ACKNOWLEDGEMENT

State of Texas County of Tarrant byor Mortgage Electronic Registration Systems, Inc.,a Delaware corporation, behalf the corporation. on of He/She is personally known meor hasproduced to as identification. Theforegoing instrument acknowledged methis was before

MODIFIED MULTISTATE ALTERNATIVE LOAN MODIFICATION AGREEMENT MER$ wirh Modeled Form Affer 31573/09(rev.8/09) vMP@ Wolters Kluwer Financial Services @2010

D14436(1004) paqeg of g

EXHEIT A

DDS.LGD

06196

Return To: Saxon Mortqaqe Services lnc. 4708Mercaitii-e Dr FortWorth, 76'1137 TX Thisdocument preDared was bv: Saxon Mortgage Servicbs Inc. 4708lvlercantile Dr FortWorth, 76137 TX Investor # Loan 467 [SpaceAboveThisLine For Recording Datal

ALTERNATIVE LOANMODIFICATION AGREEMENT

("1"):I Borrower

Lenderor Servicer ("Lendei'): DeutscheBank National rrust company,a_s Trustee Novastar for Mortgage Funding Tn-rst, series 2006-4, by SaxonMortgage Services, Inc.,is iis attornev-in-fact

1 If more thanoneBonower Mortgagor executing document, is refenedto "l." For or is this each as purposes ofthis document words signifying singular the (such "l")shall as include plural the (such "we") as andviceversa where appropriate. MODIFIED MULTISTATE ALTERNATIVE LOANMODIF|CATION AGREEMENT MERS with M.odele-d Form After 3157 3/09(ev.8/09) VMP @ D14436(1004) Wolters Kluwer Financial Service$ @2010 Page I of I

Date firstlienmortgage, oftrust, security ("Mortgage") Note of deed or deed and ("Note,'): 11,2006 July LoanNumbe lVlN 1476 Property AddressandLegalDesciption recordation necessaryJ if ("property,'): is LEGAL DESCRIPTION ATTACHED HERETO MADE PART AND A HEREOF, EXHIBIT'A' AS

lf-my_ representations Section 1 continueto be true in all materialrespects,then this Alternative in Loan Modification ("Agreernent") as set forth in section 3, amendano suppiemeiiitj tne Agreement will, Mortgageon the Property,. (2) the.Note securedby the Mortgage.The Mortgage Notetogether, and and as they.may previously havebeen amended, referred as the "LoanDocumentd."are to Capitalized te-rms useo In thrsAgreement not definecl the meaning and have given themin LoanDocuments. to I understand after.l that signandreturn copies two ofthis Agreement the Lender, Lender sendme to the will a signed^copy this Agr-eement. of This Agreement notlake effectunlessthe preconditions forthin will set becltonz navebeensattstted. '1. My Representations, I certily,represent Lender to and agree: A. I am experiencing.. a.financialhardship, and as a result,(i) lam in defaultunderthe Loan Documents, and (ii) | do not havesufficient incomeor accesstij sufficient liquicl assetsto makethe paymentsnow or in the nearfuture; monthlymortgage B. I livein the Property my principal as residence, the Property and has not beencondemned; C. There has beenno change the ownership the Propedy in of sincelsignedthe LoanDocuments; D. I haveprovided (andI understand lam not required documentation all income for that I receive that to d_isclose child support alimonyunlessI choseto rely on such incomewhen requestirig or to qualify this Modification program ('Program")); for E. Underpenaltyof perjury,all documents and informationhaveprovided Lender connection I to in with this. Agreement, including documents the and information regarding eligibility the Program, my for are uue ano corred: F. lf Lenderrequires to obtaincreditcounseling connection me in with the Progranr, will do so; and I

MODIFIED MULTISTATE ALTERNATIVE LOANMODIFICATION AGREEMENT MERS with Modeled After Form31573/09 (rev.8/09) VMP @ WoltersKluwerFinancial Serviceli@2010

D14436(1004) Page2 of I

G. I havemade or will make all Trial paymentsrequjredby Lenderprior to the effective date ofthis modiflcation. Acknowledgements and Preconditions Modification, lunderstand acknowledge to and that: A lf priorto the.ModificatiorEffective Date as set forthin Section3 the Lenderdetermines anv of that my .represenlationssectionI are no longer in true and correct, the LoanDocuments not'be will modified this,Agreernent terminate. that event, Lender haveall oi thi iigntJani and will In the will provided the LoanDocuments; remedies by and

B. I understand the LoanDocuments not be modified that will unlessand until(i) | receive fromthe Lendera coly of this Agreement signedby the Lender,and (ii) the Moditicatioir' Effective Date (ai oelned ln Sectlon 3) hils occurred. I further understand and agree that the Lenderwill not be obligated boundto.mitke any modilication the Loan Documents I fail to meetany one of the or of if requrrements under thts/\greement.

3. The Moditication. lf my representations Section1 continueto be true in all ntaterialresDects ln ano

all preconditions the modification forth in section 2 have been met, the L_oan to set Documentswill automatically becomemodified May 1, 201 (the "Modiflcation on 1 Effectiv6 Date") and all unDaid late charges that remain unpaid ill be waived.I understand if I havefailed makeanv pavments a \ that to as plgcond(ion this modiflcalion to under workout planor lrial period plan,this moclificaiion nottake a will paynrent be dueon May 1, 2011. effect. firstmodifled The will

A. ThenewMaturity Datewll be:

August 2036 1,

B. The modified principal b.rlance my Notewill include amounts of all and arrearaqes willbe Dast that due as of the Modification EffectiveDate (includinqunDaidand deferredintdrest.fees. esirow advances othercostrs, excluding and but unpaid latechaiges, "Unpaid collectively, Amounts,') less paidto the Lender not previouslv any amounts but credite-d mv Loan.'The orincioal to nbw bjlance (the of my Notewill be $142,{j97.40 "NeviPrincipal Balance"). Linderstand bri aoreeino add I that to the UnpaidAmountsto the outstanding priniipalbalance, the addedUnpaid Am-ountsaccrue Interest based0n the interest in effect rate under thisAqreement.alsounderstand this means that -added I interestwill now accrue on the unpaidInterestthat is principalbalance, to the outstanding whichwouldnot happen u/ithout this Agreement. C. lnterest the rate ot 2% will beginto accrueon the New Principal at Balancer of April '1,2011 as and the llrst new monthy payment the New Principal on Balance be due on Mai t, 201i. will My payment schedule the modified for Loanis as follows:

PAYMENT SCHEDULE APPEARS PAGE4, ON

MODIFIED MULTISTATE ALTERNATIVE LCIAN MODIFICATION AGREEMENT MERS With Modeled Form After 3157 3i09(rev.8/09) VIVP@ Wolters Kluwer Financial Service$ 02010

( D144361004) Page3 of I

Years Interest Rate

Interest Rate Changr:

Monthlv Payment Amount

Estimated Monthly Total Pavment Number of Escrow Monthlv B6oins Monthlv Payment Paymeni. d'n Paymenis Amount* 60

1-5

ZYo

$543.03 $242.29, $785.32, 04t01t2011 principal mayadjust mayadjust 05t01,2011 monthly & payment periodically interest periodically $604.73 04t01t2016 principal periodicallyMay adjust 05/01/2016 monthly & Mayadjustperiodically payment interest $667,85 May 04t01t2017 principal periodically adjust05t01t2017 monthly & Mayadjustperiodically payment interest $723.78 04101t2018 monthly principal periodicallyperiodic-ally & Mayadjust May adiust 05t01/2018 payment interest

3%

7
8-26

4o/o

12
220

4.875%

., The escrow may be adjusted periodically accordance applicable and pgyments in with law payment change rnereTore lolatmonlnty my may accordingly.
The aboveterms in this Section 3.C. shall supersede any provisions the contrarvin tne loan to Documents, including not limitedto, provisidns but foran adjustable step interestraie. or I understand that, if I have a pay option adjustablerate mortgageloan, upon modification, the paymrnt. m.lnimum monthly. option.the interest-only any othei paymentoptlonswill no longerbe or onereo payments payment and Inat lne morrthly descnbed the above in schedule my modified for loanwill be the minimumpaymentthat wili be due each monthloi the remaininq term oi tne loan. My modified loan will nol havea negative amortization featurethat wouldallowire to oav less than the interest resulting any unpaid due in interest be added the outstanding principai to to bialance. D. I will be in defaultif I do not comply wjth the terms of the Loan Documents, modified this as by Agreement. E. lf a defaultrate of intereslis permitted underthe LoanDocuments, then in the eventof defaultunder the.LoanDocuments, amended,the interestthat will be due will be the rateset forthin Section as 4. AdditionalAgreements.lagreeto the following: A. Thatall personswho signedthe Loan Documents their authorized or representative(s) signed have this Agreement, unless(i) a borrower co-borrower deceased;(ii) the bonower or is and co-borrower ar divorced and the propertyhas beentransferred one spousein the divorqldecree, spouse to the who no longerhas an interest the property in neednot sign this Agreement (although nonthe slgnlng spousemay continue be heldliable the obligation to for under LoanDocuments): (iii) the or the Lender waived requirement writino. has this in

MODIFIED MULTISTATE ALTERNATIVE LOAN MOoIFICATION AGREEMENT with MERS Modeled After Form31573/09 (rev.8/09) VMP @ WoltersKluwerFinancial Service{i@2010

(1004) 014436 Page of 9 4

Th-at this Agreementshall supersedethe terms of any modification, forbeafance,'Makinq Home Affordable Tiial PeriodPl.an workout plan that t previolstyente-reo wittr i_Erio6''. or irito To comply, except to. tne extenl that they are modifiedby this Aqreement, with all covenants agreements, requrrements LoanDocuments and of including agreement makeall pavments my to

assessments. ltems, paymerits, and the _Escrow impounds, allother 91t?i9: -ln9qncprertums, amounr olwhtcnmaychange periodically
overthe termofmy Loan.

D, Thatthis Agreement. constitutesnoticethat the Lender's waiveras to pavmentof Escrowltems. if


That the Loan Documents are composedof duly valid, bindingagreements, enforceable in accordance with theirterms and are herebyreaffirmed.

any, nas beenrevot(ed, I havebeenadvised the amountneeded fullyfund my escrow and of to account.

F. That all terms and pro-r'isions the Loan Documents,except as expresslv modifiedbv this of Agreement,remarn In tull force and effect; nothing in this Agreemenishali be understobd or construed be a satisfection releasein wholeor-inpart of theto or obligations oontained the Loan in Documenls;and that except as otherwisespecilicallyprovided aio aJ expreJitv moa'iireo in, u". thrs.Agreem.ent, Lnderand I will be boundby, and will complywith, all of ihe terms arid .the conditions the LoanDocuments. of That, as of the ModificationEffectiveDate, notwithstanding any other provisionof the Loan Documents, l..agree follows: all or any part of the erdperty any interest it it iotO oi as lf br in rranslerrd prior wrthout.Lenders writtenconsent,Lendermay. at its option,require immediate paymenrIn lu ot.a suryrs securedby the Mortgage. However, Lendershall not exercisethis option ll stale or fed_eral.law, or regulations rules prohibit exercise the ofsuch option ofthe dateofbuch as sate or rranster. Lendcrr II exerqsesthis option,Lender shall giveme noticeof acceleration. The notice shall provide periodof not less thah 30 days fromthe d-ate noticeis oeliveredor a the maiied wnhrn.whrcnI.must pay a sums secured the Mortgage. lfail to pay thesesums priorto the by lf penod, exptrarron tnts. Lender may anvoke remedies permitted the Modgage any by without further .0t noltce oemand me. or on That, as ofthe Modification Effective Date, lunderstandthat the Lenderrtvill onlv allowthe transfer and assumption the L'lan, including of this Agreement, a transferee mv nriroertv Dermitted to of as under GarnSt. cermainAct, 12 U.S. Section the C. 1701i-3. buveror trairdferbe the prooertv A df will not be permitted, underany othercircumstance, assumeth'eLoan.Exceplas notedhereiri. to thisAgreement may not be assigned or assumed a buyeror hansferee to, by, ofihe property. That, as of the Modification EffectiveDate, if anv provisionin the Note or in any addendum or amendment the Note allowedfor the assessmerit to bfa penaltyforfull or partialpr6payment ofthe Note,suchprovision nullandvoid. is That,lwill cooperate with.Lender obtaining titleendorsement(s),siimilar insurance fully in any or title product(s), and/orsubordination agreement(s) that are necessary required the Lendeis or bv procedures ensurethat the modified to mortqaqe loan is in firlt lien dosition'and/or fullv is enforceable upon modifiction and that if, undel iny circumstance and ndt withstandino anvthinri else to the contraryin this Agreement, Lenderdoes not receive the such ti e endorsem;nt(si, titi-e product(s) insurance and/orsubordination aqreement(s), the termsof thi$ Aqreement not then wiil becomeeffective the N4odification on Effective Dateand the Agreement be null tnd void. will

MODIFIED MULTISTATE ALTERNATIVE LOANMODIFICATION AGREEMENT MERS with Modeled AfterForm 31573/09(rev.8/09) VMP @ Wolters Kluwer Financial Services O2010

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That I will execute such other documentsas may be reasonablv necessary either ri) to consummate termsand conditions thjsAgreement; (ii)correct termsa6oconditions the of or ihe b,f this Plan if an error is detectedafter execution-of this Agrebment.I understand ttrit "bevoidand oi no te.,jiiltieii i Coiriaeo A.greement .be provic to me and this Agreement will ed wifl u6;;A;; or sucn error..[.tetectnot to sign any such corfected Agreement, term:iofthe oribinal the Loan uocuments shafl contrrruein lull force and effect, such terms will not be modifieabv this Agreement,and I will not be eligiblefor a modificaiion under the Home nforoirte Mooiniation program. Mortgage Electronic Registration systems,Inc.("MERS") a separate is corporation oroanized and un^d_eJ.the^laws glrstng-. and has an addressand telelhone numberof p. O: Box 2026, -()fDelawar Flint,l\41 48501-2026, (888)679-MERS. cases wherethe loanhas beenreoistered MERS In with who.hasonly legaltitlero the interests granted the borrower the mortgag-e whois acting by in and soreryas nomtnee Lenderand Lender's lor successors and assiqns.I,IERShas the rioht:tb exercise or all of thoseinterests, any including. not limited th6 rightto foreclose s-ell but to, and the of including, not limit{}d releasing but to. and fl9l9lyl fno to.take any action required Lender cancelng mongage rne trlan. tv. That Lendermay collect.andrecordpersonal information, including, not ljmited my name, but to, a0oress,rerepnone nunlDer, soctat securfy number,credit score, income.pavmenthistorv. government monitoring information, information and aboutaccount balances aitivitv.In additioir. and I understandand consrnt the disclosureof my personalinformation to and the ierms of thid Modiflcation Agreement Lender (a) the tJ.S.bepartment the Treasury, any investor, by to (b) of guarantor sen/tcer owns,insures, Insurer, guarantees services firstlienor subordinate or that or my lien(if applicable) mortgage loan(s); (c) any HUDcertified and housing counSelor. N . I agree that.if any.document relatedto the Loan Documents and/orthis Agreement lost, is misplaced, misstated,inaccuralely reflectsthe true and correcttermsand conditidns ofthe loanas modified, is otheMise or missing, lwill complywiththe Lendeds request execute, to acknowledqe. rnitial and deliverto the Lenderany documentation Lenderdeems necessary.lf the oriqi-nal the promissory note is repla(led, Lenderherebyindemnifies againstany loss associated the me with a demand the original on note.All documents Lender thd requests ofme und6r this Section N. shall 4. be referred as "Docunlents." agreeto deliver Documents to I the withinten (10)days afterI receive the Lender's wriftenrequr:st such replacement. for

REMAINI]ER PAGEINTENTIONALLY BLANK. OF LEFT SIGNATURE PAGES FOLLOW.

MODIFIED MULTISTATE ALTERNATIVE LC|ANMODIFICATION AGREEMENT with MERS Modeled Affer Form3'157 3i09 (rev.8/09) VMP @ WoltersKluwerFinancial Services020j0

D14436(1004)

Page of 9 6

-Borrower

(Seal)

-Borrower

BORROWER ACKNOWLEDGEMENT State of Florida Countyof HILLSBOROUGH This instrument was acknowledged beforeme on

Dy

My commission expires:

Notary Public

MODIFIED MULTISTATE ALTERNATIVE LOANMODIFICATION AGREEMENT MERS with Modeled Form Affer 3'157 3i09(rev.8/09) VMP@ Wolters Kluwer Financial Services O2010

D14436(1004)
Pr^a 7 ^f q

(Seal)

By:

LENDER ACKNOWLEDGEMENT

State of Texas County of Tarrant The foregoing instrument was acknowledged before this me by

and as such is authorized executeinstruments the corporation to for whose nameis subscribed attorney-in-fact as on behalf of Deutsche BankNationalTrust Company, Trustee NovaStar as for Mortgage Funding Trust, Sedes 2OO&4, Saxon by Mortgage Services, Inc.,as its attorney-in-fact

, a corporation, behalfofthecorporation. on He/Sheis personally knownto me or has produced as identification indicating he/sheis authorized executeinstruments to forthe r:n corporation actingas attorney-in-fact behalf ofthe principal.

MODIFIED MULTISTATE ALTERNATIVE LOAN MODIFICATION AGREEMENT with MERS Modeled Affer Form3157 3/09 (rev.8/09) VMP @ WoltersKluwerFinancial Services O2010

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Mortqaqe Electronic Reqistraton svstems, lnc.

(seal)
-Mortgagee

By:

MORTGAGEE ACKNOWLEDGEMENT

State of Texas Gounty of Tanant Theforegoing instrument acknowledged methis was before by_
OT

Mortgage Elechonic Registration Systems, lnc., a Delaware corporation, behalf the corporation. on of He/She is personally known meor hasproduced to as identification.

MODIFIED MODlFlcATloN with MULTISTATE ALTERNATIVE LOAN AGREEMENT MERS Modeled AfterForm 3157 3/09(rev.8/09) vMP @ Wolters Kluwer Financial @2010 Services

D'14436 fi004) g Paoe of 9

EXHIBITA