1. In the event and agreement is reached it shall be but in writing and served on all parties to the action.
2. If an agreement is reached, the action will be stayed for 90 days following the entry of the
3. If the mortgagor (debtor) fails to comply with the terms of the agreement before the
expiration of the 90 days, the lender shall file and “Notice of Breach of Agreement” after
which the foreclosure action may continue.
4. If the mortgagor is in compliance with the agreement after the 90 days, the lender shall
promptly file the notice of dismissal without prejudice. and serve the notice on all parties.