Fillable Printable Modification of Promissory Note and Deed of Trust - Colorado

Modification of Promissory Note and Deed of Trust - Colorado

CHFA Form 205

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Colorado Housing and Finance Authority

www.chfainfo.com

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Modification of Promissory Note and Deed of Trust

This Modification of Promissory Note and Deed of Trust ("Modification") is by and

between______________________________________________________________________

["Borrower(s)”] and “Lender” as defined below:

Instructions: To modify a First Deed of Trust and/or Note, insert originating lender name below

as the “Lender”. To modify a CHFA Second Deed of Trust and/or Note, insert Colorado Housing

and Finance Authority as the “Lender”.

____________________________________________________________________________________

“Lender”

WHEREAS, Borrower(s) made, executed and delivered to Lender a Promissory Note dated

____________________________ (the "Note"); and

WHEREAS, the Note is secured by a Deed of Trust (the "Deed of Trust") which was recorded on

_______________________, in Book__________ at Page _____, Reception No. _________________

("Deed of Trust"), of the records of the Clerk and Recorder of the County or City and County of

__________________ ; and

WHEREAS, all documents securing the Note or executed in connection with the Note, including but not

limited to the Deed of Trust, are collectively referred to as the "Loan Documents"; and

WHEREAS, it is mutually desirable, beneficial and agreeable to the parties hereto that the terms of the

Note and Deed of Trust be modified as hereinafter set forth.

NOW, THEREFORE, in consideration of the mutual benefits inuring to each other, it is understood and

agreed, by and between the parties hereto, that the terms and conditions of the Note and Deed of Trust

are hereby modified as follows:

It is further understood and agreed that all references in the Lo an Documents to the Note and Deed of

Trust are hereby modified to reflect the terms of the Note and Deed of Trust as modified by this

Modification. It is further understood and agreed that all terms, conditions, and covenants of the Note,

Deed of Trust, and other Loan Documents, not otherwise modified hereby, are hereby ratified and

confirmed, and this Modification, when executed by the parties hereto, shall become a part of the Note

and Loan Documents, and shall have the same force and effect as if the terms and conditions thereof were

originally incorporated in the Note, Deed of Trust , and other Loan Document s, prior to the execution

thereof.

CHFA Form 205

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Executed and agreed to by the parties.

_____________________________ ____________________(Borrower) Date: ________________

__________________________________________________(Co-Borrower) Date: ________________

Individual Acknowledgement

STATE OF ______________ )

)ss.

_______________ County of _____________)

The foregoing instrument was acknowledged before me this ____ day of ____________20_____ by

________________________________________ and __________________________________

.

Borrower Co-Borrower

My commission expires: ____________________

Witness my hand and official seal.

____________________________

Notary Public

Instructions: If modifying a First Deed of Trust and/or Note, continue filling out the form using

the originating lender name below as the “Lender”, then notarize and record. If modifying a

CHFA Second Deed of Trust and/or Note do not continue. CHFA will complete and record.

________________________________________________________ Date:______________________

“Lender”

By: ______________________________

Corporate Acknowledgement

STATE OF _____________

)

)ss.

_________County of BBBBB________ )

The foregoing instrument was acknowledged before me this ____ day of ____________20___ by

______________________________________ as ____________________________________ of

__________________________________________________________.

My commission expires: ____________________

Witness my hand and official seal.

____________________________

Notary Public

After recording, please return documents to:

Colorado Housing and Finance Authority

ATTN: Post Closin g

1981 Blake Street

Denver, CO 80202