Loan Modification Agreement — Merge Template

Loan Modification Agreement — Merge Template (Fixed Rate)

When a borrower is in default or at imminent risk of default and the lender agrees to modify the loan terms, a properly drafted Loan Modification Agreement is essential. This ready-to-use merge template covers the full agreement — from the recording header through the borrower and lender signature pages and Exhibit A — formatted for recording in North Carolina county registries.

Every case-specific detail is a bold yellow-highlighted merge field. Fill them in and it's ready to execute and record.

What's Included:

• Complete Loan Modification Agreement — all 16 standard sections fully drafted including Acknowledgement of Modified Balance, Interest Calculation, Payment Terms, Pre-Existing Conditions, Place of Payment, Sale/Transfer provisions, Bankruptcy clause, and Miscellaneous provisions
• Recording header — "When Recorded Mail To" and "Document Prepared By" fields, cross-reference to original instrument, Parcel # and Tax ID fields
• Chain of title recital — prior deed recording information fields
• Fully merge-ready — bold highlighted fields for: Borrower(s) full legal names, Lender name and entity type, Original instrument/book/page, Modified Principal Balance and breakdown (unpaid principal, interest, escrow, suspense), Interest Rate, First Payment Date, Monthly P&I Payment, Escrow Payment, Total Monthly Payment, Maturity Date, Payment mailing address, Property Address, Parcel and Tax ID numbers
• Borrower signature page — supports up to 2 borrowers with signature/date lines
• Borrower notary acknowledgement — state, county, date, notary name, county of residence, commission number and expiration
• Lender signature page — authorized signatory title and name
• Lender notary acknowledgement — fully drafted with all required fields
• Exhibit A — legal description, Parcel # and Tax ID fields

This template is sold for informational and drafting purposes only and does not constitute legal advice. Users are responsible for ensuring compliance with applicable state law, lender requirements, and investor/insurer guidelines.