Maintenance of payments and cure of default, if any. (Conduit mortgage payments, if any, are
U.S. Bankruptcy Court for the Western District of North Carolina
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included here.) Check one. ☐ ☐ None. If “None” is checked, the rest of Part 3.1 need not be completed or reproduced. Installment payments on each of the claims listed below will be maintained by the trustee, Debtor, or other, as indicated, and any arrearage will be paid in full. Amounts stated on a timely filed proof of claim will be presumed to control over any contrary amounts listed below for the installment payment and the arrearage.
If the plan provides for payment of the current installment payments by the trustee, then the trustee shall include for payment under the Debtor’s plan an allowed Administrative Arrearage claim equal to three (3) post-petition mortgage payments (unless otherwise stated). The trustee will adjust the installment payment in accordance with any Notice of Mortgage Payment Change filed under Bankruptcy Rule 3002.1. The trustee is authorized to pay any post-petition fee, expense, or charge for which notice is filed under Bankruptcy Rule 3002.1 if no objection is filed to such fee, expense, or charge. If relief from the automatic stay is ordered as to any item of collateral listed in this part, then, unless otherwise ordered by the court, all payments under this part as to that collateral will cease, and all secured claims based on that collateral will no longer be treated by the plan.
If the Debtor elects to participate in the Loan Modification Management Program for a particular claim, it shall be indicated below. If so indicated, the Special Terms set forth in Part 8.1.15 shall apply. Name of creditor Collateral Value of collateral Current installment payment (including escrow) Estimated amount of prepetition arrearage (if any) LMM election (Y/ N) $ $ Disbursed by: ☐Trustee ☐Debtor ☐Other _______________ $ $ $ $ Disbursed by: ☐Trustee ☐Debtor ☐Other _______________ Explain in detail the basis for proposing any deviations from this district’s standard procedure for the disbursement of Conduit Mortgage Payments pursuant to Local Rule 3003-1. This information must be included in this part, but it may also be cross-referenced to Part 8.1.17 and may require a separate motion.
Include only the amounts of pre-petition arrearages in this part. The trustee will adjust the total arrearage claim to be provided for by the plan by adding the Administrative Arrearage pursuant to Local Rule 3003-1. Insert additional claims as needed.