The Hennepin Minnesota Extension of Mortgage by Business Entity CBCBC Form 20.4.2 is a legal document that allows a business entity to extend the terms of an existing mortgage on a property located in Hennepin County, Minnesota. This form is specific to Hennepin County and is used when a business entity needs additional time to fulfill its mortgage obligations. Key information required in the Hennepin Minnesota Extension of Mortgage by Business Entity CBCBC Form 20.4.2 includes the name and contact details of both the business entity and the lender, the original mortgage details (such as the mortgage amount, maturity date, and interest rate), the requested extension period, and any additional terms or conditions agreed upon. By filing this form, the business entity formally requests an extension to the existing mortgage agreement with the lender. This extension allows the business entity more time to fulfill its financial obligations and potentially avoid foreclosure or other legal actions. It is important to note that there may be different types of Hennepin Minnesota Extension of Mortgage forms available depending on the specific circumstances. However, the CBC Form 20.4.2 is commonly used for extensions by business entities in Hennepin County, Minnesota. This form is typically filled out by the business entity's authorized representative or legal counsel and submitted to the appropriate county or municipal office responsible for recording mortgage documents. The form may require notarization or additional supporting documentation, depending on the specific requirements of Hennepin County. Overall, the Hennepin Minnesota Extension of Mortgage by Business Entity CBCBC Form 20.4.2 is an essential legal tool for business entities seeking to extend their mortgage terms in Hennepin County, Minnesota. It helps provide a clear and documented agreement between the lender and the business entity, ensuring both parties are aware of their rights and obligations during the extension period.