IV. SECURED CLAIMS A. Mortgages and Other Direct Payments by Debtor. Payments will be made outside the plan according to the original contract terms, with no modification of contract terms and with liens retained. Contractual Principal Contract Rate Name of Creditor Description of Collateral Monthly Balance of of Interest Payments Claim $ $ % $ $ % $ $ % $ $ % B. Prepetition Arrearages. (1) For purposes of this Plan, Prepetition Arrearages shall include all sums included in the allowed claim and shall have a of the Discharge Order in this case. “0” balance upon entry (2) No interest will be paid on Prepetition Arrearages unless otherwise stated. (3) Payments made by the Trustee on Prepetition Arrearages shall be applied only to those Debtor’s Prepetition Arrearages and not to any other amount owed by Debtor to the Secured Creditor. (4) Information Regarding the Arrearages: Description of Collateral Total to be paid in Secured Creditor Arrearage Amount Including Address Plan $ $ $ $ (5) If Debtor pays the amount(s) specified in section (4) (above), while making all required Petition Payments (see below), mortgage will be reinstated according to its original terms, Debtor’s extinguishing any right of the Secured Creditor to recover any amount alleged to have arisen prior to the filing of petition. Debtor’s Check if applicable [ ] Motion to Modify Secured Claims The debtor(s) hereby moves the Court to value the collateral of each of the creditors described in Section C below (except those creditors whose claims are classified to be paid directly or to be paid in full by the Chapter 13 Trustee where Section 506(a) does not apply) at the collateral value stated. To the extent that the amount of the debt of any such creditor exceeds the stated collateral value, the debtor(s) hereby moves the Court that said difference be treated in the Chapter 13 plan as a general unsecured claim without priority. The debtor(s) further moves the Court that the lien of each creditor listed upon the collateral listed herein above be satisfied upon payment of the collateral value and the issuance of the debtor(s) discharge.
IV. SECURED CLAIMS A. Mortgages and Other Direct Payments by Debtor. Payments will be made outside the plan according to the original contract terms, with no modification of contract terms and with liens retained. Name of Creditor Description of Collateral Contractual Monthly Payments Principal Balance of Claim Contract Rate of Interest $ $ % $ $ % $ $ % $ $ % B. Prepetition Arrearages. (1) For purposes of this Plan, Prepetition Arrearages shall include all sums included in the allowed claim and shall have a “0” balance upon entry of the Discharge Order in this case. (2) No interest will be paid on Prepetition Arrearages unless otherwise stated. (3) Payments made by the Trustee on Debtor’s Prepetition Arrearages shall be applied only to those Prepetition Arrearages and not to any other amount owed by Debtor to the Secured Creditor. (4) Information Regarding the Arrearages: Secured Creditor Description of Collateral Including Address Arrearage Amount Total to be paid in Plan $ $ $ $ (5) If Debtor pays the amount(s) specified in section (4) (above), while making all required Payments (see below), Debtor’s mortgage will be reinstated according to its original terms, extinguishing any right of the Secured Creditor to recover any amount alleged to have arisen prior to the filing of Debtor’s petition. Check if applicable [ ] Motion to Modify Secured Claims The debtor(s) hereby moves the Court to value the collateral of each of the creditors described in Section C below (except those creditors whose claims are classified to be paid directly or to be paid in full by the Chapter 13 Trustee where Section 506(a) does not apply) at the collateral value stated. To the extent that the amount of the debt of any such creditor exceeds the stated collateral value, the debtor(s) hereby moves the Court that said difference be treated in the Chapter 13 plan as a general unsecured claim without priority. The debtor(s) further moves the Court that the lien of each creditor listed upon the collateral listed herein above be satisfied upon payment of the collateral value and the issuance of the debtor(s) discharge. Petition
3015-1.1.docx