Hi, I’m just getting started. Does anyone know how to fill out the bottom of Allonge To Note? It lists property address, Balance. date, In Favor of, executed by: Borrowers, Pay to the order of, Without Recourse: mortgage company. At the bottom of the page is the below. Not sure what to put?
by:
Name:
Title:
This would be used by the original lender if they sell the note to a different lender. It isn’t filled out at the time of the original signing.
Another Allonge question. This is part of the Note. I thought we were to leave allonge blank but it is asking for a box to be checked? Do I need to check something?
ALLONGE TO THIS NOTE
If an allonge providing for payment adjustments or for any other supplemental information is executed by me together with this Note, the covenants of the allonge are incorporated into and amends and supplements the covenants of this Note as if the allonge were a part of this Note. [Check applicable box]
__Graduated Payment Allonge __Other [Specify]
It is not for us Notaries to address. Flip it over and move on…
Thank you! Your answer is simple and clear. I really appreciate it !
