This Postponement of Mortgage postpones a mortgage in favor of a subsequent mortgage. This postponement states that the mortgage will inure to the benefit of a subsequent mortgage. It is important that this Postponement of Mortgage be set out in writing in the event there are misunderstandings about this mortgage transaction.

This Postponement of Mortgage contains the following:

• Parties: The name of the mortgage lender receiving benefit of the postponement;
• Postponed Mortgage: Sets forth the name of the borrower, brief description of the property and recording information;
• Subsequent Mortgage: Sets forth the name of the borrower, brief description of the property and recording information for the subsequent mortgage;
• Signature: The holder of the mortgage being postponed must sign and date the form in the presence of a witness.

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This attorney-prepared packet contains:

1. General Instructions
2. Postponement of Mortgage

State Law Compliance: This form complies with the laws of all states