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

State:
Multi-State
City:
Boston
Control #:
US-01370BG
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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.

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

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One of America's most historically rich cities, the story of our nation is evident on nearly every corner in Boston. Officially founded in 1630 by English Puritans who fled to the new land to pursue religious freedom, Boston is considered by many to be the birthplace of the American Revolution.

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Significance: Considered the oldest public park in the United States, Boston Common played an important role in the history of conservation, landscape architecture, military and political history, and recreation in Massachusetts.

As we have explored, Boston's unique character is the result of its rich history, vibrant culture, diverse food scene, robust economy, and distinct neighborhoods. Each of these facets contributes to the city's singular identity, making it unlike any other city in the world.

Boston is famous for baseball, and the Red Sox have called Fenway Park home since the day the ballpark opened on April 20, 1912. Tour guides at Fenway Park recount the history of the park, the teams, and larger-than-life personalities that have kept Bostonians enthralled for generations.

Greater Boston was the site of the American Revolution, is home to Harvard and MIT, and was the birthplace of Dunkin Donuts and public figures such as JFK. History runs through this city's veins, although it can't all be found in your textbook.

Massachusetts Bay Colony (1628-1691 CE) was the largest English settlement in New England and the most influential both in the colonization of the region and later developments in what would become the United States of America.

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