An agreement modifying a loan agreement and mortgage should be signed by both parties to the transaction and recorded in the office of the register of deeds and mortgages where the original mortgage was recorded. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date is a legal document used in the state of Wisconsin to make changes to an existing promissory note and mortgage agreement, specifically extending the maturity date of the loan. This document is typically used when both the lender and borrower mutually agree to modify the terms of their original agreement. Keywords: Wisconsin, Agreement to Modify, Promissory Note, Mortgage, Extend Maturity Date, legal document, lender, borrower, original agreement, terms, modify. There are different types of Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date that may vary depending on specific circumstances and requirements. Some common types include: 1. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date for Residential Property: This type of agreement is used when the promissory note and mortgage pertain to a residential property, such as a house or apartment. It outlines the details of the modification, including the new maturity date and any other changes agreed upon by both parties. 2. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date for Commercial Property: This type of agreement applies to commercial properties, like offices, retail stores, or industrial buildings. The terms and conditions of the modification are specific to the commercial context, accommodating the unique requirements of commercial mortgage agreements. 3. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date for Agricultural Property: When the promissory note and mortgage relate to agricultural property, such as farms or ranches, this specific type of agreement is used. It may include provisions tailored for agricultural practices or farm-specific considerations. 4. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date with Interest Rate Adjustment: In some cases, the modification may involve an adjustment to the interest rate. This type of agreement specifies both the extended maturity date and the new interest rate agreed upon by both the lender and borrower. 5. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date with Payment Schedule Modification: In situations where the borrower is struggling with the existing payment schedule, this type of agreement is used to modify the payment terms alongside extending the maturity date. It may involve adjusting monthly payments, altering the timing of payments, or adding a grace period. These different types of Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date documents ensure that specific needs and considerations are addressed when modifying the terms of the loan. It is crucial for both parties to carefully review and understand the modifications before signing to ensure compliance with Wisconsin state laws and protect their respective interests.Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date is a legal document used in the state of Wisconsin to make changes to an existing promissory note and mortgage agreement, specifically extending the maturity date of the loan. This document is typically used when both the lender and borrower mutually agree to modify the terms of their original agreement. Keywords: Wisconsin, Agreement to Modify, Promissory Note, Mortgage, Extend Maturity Date, legal document, lender, borrower, original agreement, terms, modify. There are different types of Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date that may vary depending on specific circumstances and requirements. Some common types include: 1. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date for Residential Property: This type of agreement is used when the promissory note and mortgage pertain to a residential property, such as a house or apartment. It outlines the details of the modification, including the new maturity date and any other changes agreed upon by both parties. 2. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date for Commercial Property: This type of agreement applies to commercial properties, like offices, retail stores, or industrial buildings. The terms and conditions of the modification are specific to the commercial context, accommodating the unique requirements of commercial mortgage agreements. 3. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date for Agricultural Property: When the promissory note and mortgage relate to agricultural property, such as farms or ranches, this specific type of agreement is used. It may include provisions tailored for agricultural practices or farm-specific considerations. 4. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date with Interest Rate Adjustment: In some cases, the modification may involve an adjustment to the interest rate. This type of agreement specifies both the extended maturity date and the new interest rate agreed upon by both the lender and borrower. 5. Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date with Payment Schedule Modification: In situations where the borrower is struggling with the existing payment schedule, this type of agreement is used to modify the payment terms alongside extending the maturity date. It may involve adjusting monthly payments, altering the timing of payments, or adding a grace period. These different types of Wisconsin Agreement to Modify Promissory Note and Mortgage to Extend Maturity Date documents ensure that specific needs and considerations are addressed when modifying the terms of the loan. It is crucial for both parties to carefully review and understand the modifications before signing to ensure compliance with Wisconsin state laws and protect their respective interests.
