Change Deed Trust With Mortgage In Pima

• Category: Real Estate - Mortgages and Deeds of Trust
• State: Multi-State
• County: Pima
• Control #: US-00183
• Format: Word; Rich Text

Description

The Change Deed Trust with Mortgage in Pima is a legal instrument that modifies existing mortgage agreements between a borrower, co-grantor, and lender. This Modification Agreement is effective from a specified date and serves to secure debts evidenced by a promissory note linked to real property. Key features include the renewal and extension of the mortgage lien, amendment of the security instrument terms, and co-grantor liability, which clarifies that co-grantors are not personally liable for the debt. Filling and editing instructions involve detailing the borrower's, lender's, and co-grantor’s information, as well as the property's description and applicable terms for payments, interest, and late charges. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it facilitates the restructuring of mortgage agreements and ensures legal protection against future claims. Users can adapt it for various circumstances such as refinancing, settling disputes, or updating terms to align with changing financial situations.