Dallas Texas Agreement to Change or Modify Interest Rate, Maturity Date, and Payment Schedule of Promissory Note Secured by a Deed of Trust

Name: Dallas Texas Agreement to Change or Modify Interest Rate, Maturity Date, and Payment Schedule of Promissory Note Secured by a Deed of Trust
Brand: US Legal Forms
Rating: 4.73 (209 reviews)

Category:

Promissory Notes - Amendments

State:

Multi-State

County:

Dallas

Control #:

US-01370BG

Format:

Instant download

Description

A deed of trust is a document which pledges real property to secure a loan, used instead of a mortgage in certain states. A deed of trust involves a third party called a trustee, usually an attorney of officer of the lender, who acts on behalf of the lender. When you sign a deed of trust, you in effect are giving a trustee title to the property, but you hold the rights and privileges to use and live in or on the property. If the loan becomes delinquent the beneficiary can file a notice of default and, if the loan is not brought current, can demand that the trustee begin foreclosure on the property so that the beneficiary (lender) may either be paid or obtain title. Unlike a mortgage, a deed of trust also gives the trustee the right to foreclose on your property without taking you to court first.

An agreement modifying a promissory note and deed of trust should be signed by both parties to the transaction and recorded in the office of the register of deeds and mortgages where the original deed of trust was recorded.

How to fill out Dallas Texas Agreement To Change Or Modify Interest Rate, Maturity Date, And Payment Schedule Of Promissory Note Secured By A Deed Of Trust?

Do you need to quickly draft a legally-binding Dallas Agreement to Change or Modify Interest Rate, Maturity Date, and Payment Schedule of Promissory Note Secured by a Deed of Trust or maybe any other document to handle your personal or business affairs? You can select one of the two options: contact a legal advisor to draft a legal paper for you or draft it entirely on your own. The good news is, there's an alternative solution - US Legal Forms. It will help you get neatly written legal paperwork without paying unreasonable prices for legal services.

US Legal Forms provides a huge catalog of over 85,000 state-compliant document templates, including Dallas Agreement to Change or Modify Interest Rate, Maturity Date, and Payment Schedule of Promissory Note Secured by a Deed of Trust and form packages. We provide documents for an array of use cases: from divorce papers to real estate document templates. We've been out there for over 25 years and gained a spotless reputation among our clients. Here's how you can become one of them and obtain the necessary template without extra hassles.

First and foremost, carefully verify if the Dallas Agreement to Change or Modify Interest Rate, Maturity Date, and Payment Schedule of Promissory Note Secured by a Deed of Trust is tailored to your state's or county's regulations.
If the document has a desciption, make sure to verify what it's intended for.
Start the searching process over if the document isn’t what you were hoping to find by utilizing the search bar in the header.
Choose the subscription that best suits your needs and move forward to the payment.
Select the file format you would like to get your document in and download it.
Print it out, complete it, and sign on the dotted line.

If you've already set up an account, you can simply log in to it, find the Dallas Agreement to Change or Modify Interest Rate, Maturity Date, and Payment Schedule of Promissory Note Secured by a Deed of Trust template, and download it. To re-download the form, simply head to the My Forms tab.

It's stressless to find and download legal forms if you use our catalog. Moreover, the paperwork we offer are updated by law professionals, which gives you greater peace of mind when dealing with legal affairs. Try US Legal Forms now and see for yourself!

Form Rating

4.73

Satisfied(209)

Form popularity

FAQ

An amended promissory note is a legal document that changes the terms of the original promissory note. These amendments should be made with consent from the lender and, once in place, will be considered binding by all parties involved. Canceling a promissory note is a completely different process from amending it.

How to Modify a Promissory Note Identify the terms of the note that are creating difficulty in repayment.Communicate your need to modify the terms of the note to the note holder.Have the holder of the note draft modifications to the original note.Sign and notarize the modified promissory note.

A loan modification agreement is a long-term solution. A loan modification may involve a reduced interest rate, a longer period to repay, a different type of loan, or any combination of these.

An amended and restated promissory note is a legally binding addition to a promissory note that notes any significant changes and replaces the original agreement. Amended and restated promissory notes are seen as the most recent and up-to-date versions of the promise to pay between a borrower and a lender.

Modification Agreement means any agreement between the Issuer (or the Servicer acting on its behalf) and a Supplier for the purchase and/or installation of a Required Modification or an Optional Modification.

Note Modification means the Note Modification Agreement and Allonge (Promissory Note Revolving Line of Credit) dated August 3, 2010, by and between Borrower and Lender, executed pursuant to this Amendment any and all modifications and replacements thereof.

Extension/Modification Agreement means an Extension/Modification Agreement, in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, among the Borrower, the Administrative Agent and one or more Extending/Modifying Lenders, effecting one or more Extension/Modification Permitted

A promissory note is a contract, a binding agreement that someone will pay your business a sum of money. However under some circumstances if the note has been altered, it wasn't correctly written, or if you don't have the right to claim the debt then, the contract becomes null and void.

Integrated Agreement; Amendment. This Amendment, together with the Loan Agreement and the Loan Documents, constitutes the entire agreement between Lender and Borrower concerning the subject matter hereof, and may not be altered or amended except by written agreement signed by Lender.

Interesting Questions

More info

Put all the collateral and debt in a single deed of trust or mortgage. A Promissory Note is used for straightforward, basic loans, and to outline payment terms such as due date and interest.That includes a promissory note and a deed of trust securing performance under the note. Lenders do not usually respond to Section 5. 016 notices, nor is lender consent required under this law. 2 Interest Rate, Principal Amount, Maturity and Price. The lien is effective from the date that the Government assesses the tax. Under the Securities Exchange Act of 1934. Interest or other interest in the homestead.

Dallas Texas Agreement to Change or Modify Interest Rate, Maturity Date, and Payment Schedule of Promissory Note Secured by a Deed of Trust

Description

Related forms

How to fill out Dallas Texas Agreement To Change Or Modify Interest Rate, Maturity Date, And Payment Schedule Of Promissory Note Secured By A Deed Of Trust?

Show more info

Form Rating

Form popularity

FAQ

Can a promissory note be modified?

How do you modify a promissory note?

What is a debt modification agreement?

Can you amend and restate a promissory note?

What is a modification agreement?

What is a note modification?

What is an extension and modification agreement?

What makes a promissory note invalid?

Can you amend a loan agreement?

Interesting Questions

What is the Dallas Agreement?

Why would someone need to modify the interest rate, maturity date, or payment schedule of a promissory note?

What happens if I can't meet the original terms of the promissory note?

Who can initiate the Dallas Agreement?

Can the interest rate be changed through the Dallas Agreement?

What does 'maturity date' mean in the context of the promissory note?

More info

Trusted and secure by over 3 million people of the world’s leading companies