Forms Directory

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=3 height=64 BGCOLOR="#FFFFFF" TEXT="#080000" bgproperties="fixed" background="04b64643.gif"> <div> <I>Forms Directory</I></div> <div> </div> </td> </tr><tr> <td valign="top" rowspan="2" width=160 BGCOLOR="#996666" TEXT="#080000" bgproperties="fixed" background="04a64643.gif"> <div> <B>Return to:</B></div> <bR> <div> <A HREF="id75.htm" TARGET="_top" TITLE="Sample Forms for Credit Unions"><U><B>Sample Forms for Credit Unions</B></U></A></div> <bR> <div> <A HREF="id7.htm" TARGET="_top" TITLE="Credit Union Law"><U><B>Credit Union Law</B></U></A></div> <bR> <div> <B>Home Page of</B></div> <div> <A HREF="index.htm" TARGET="_top" TITLE="Stephen J. Edwards, Attorney at Law"><U><B>Stephen J. Edwards, Attorney at Law</B></U></A></div> </td> <td valign="top" height=389 colspan=2 BGCOLOR="#FFFFFF" TEXT="#080000" bgproperties="fixed" background="04b64643.gif"> <div>  <A NAME="mortgage_modification_agreement"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A><FONT SIZE="4" COLOR="#000000" FACE="Arial" >MORTGAGE MODIFICATION AGREEMENT</FONT></div> <bR> <div>      <FONT SIZE="4" COLOR="#000000" FACE="Arial" >AGREEMENT</FONT> <FONT SIZE="1" COLOR="#000000" FACE="Arial" >dated                       , 200              between      </FONT></div> <div>  Lender) and                                                                                                                  (Borrower);</div> <bR> <div>      WHEREAS, <FONT SIZE="1" COLOR="#000000" FACE="Arial" >Borrower executed an Open-End Credit Agreement with Lender dated       </FONT></div> <div> in the sum of $<U>                    </U>at an interest rate of <U>             </U>%, due and payable on <U>                         </U> and providing for advances through <U>                                  </U>, and;</div> <bR> <div> <FONT SIZE="2" COLOR="#000000" FACE="Arial" >     WHEREAS, </FONT>Borrower granted to Lender a Mortgage of $<U>                            </U> on the same date to secure said loan covering the property at      </div> <div>      </div> <div> which Mortgage was recorded in the <U>                       </U>Office on     , 19</div> <div> in Mortgage Book <U>           </U>, Page <U>           </U>;     </div> <bR> <div>      WHEREAS, <FONT SIZE="1" COLOR="#000000" FACE="Arial" >the parties now wish to modify the terms of said Credit Agreement and Mortgage;</FONT></div> <bR> <div>      NOW THEREFORE, <FONT SIZE="1" COLOR="#000000" FACE="Arial" >in consideration of the terms and conditions contained herein, the parties agree as follows:</FONT></div> <bR> <div>      1. <B>  (Here you would put the various provisions that you are modifying.  You may add as many new paragraphs as you need.)</B></div> <bR> <div>      2.  All of the other terms and conditions of the Credit Agreement and Mortgage shall remain the same.</div> <bR> <div>      3.  This agreement shall be binding on the parties hereto, their heirs, successors and assigns.</div> <bR> <div> WITNESS                                                 </div> <div>                                                                                                                                  FEDERAL CREDIT UNION</div> <bR> <bR> <bR> <div> <U>                                                               </U>                                                         <U>By                                                         :</U>     </div> <div>                                                                                                                                                                           Lender</div> <bR> <bR> <bR> <div> <U>                                                               </U>                                                         <U>                                                                 </U></div> <div>                                                                                                                                                                          Borrower</div> <bR> <bR> <bR> <div>  <U>                                                              </U>                                                          <U>                                                               </U>        </div> <div>                                                                                                                                                                          Borrower</div> <bR> <bR> <div> STATE OF NEW JERSEY    )</div> <div>                                                     ) SS:</div> <div> COUNTY OF                            )</div> <bR> <div>           BE IT REMEMBERED, that on this       day of         , 200    , before me, the subscriber, personally appeared     ,</div> <div> who, I am satisfied, is the person who signed the within Instrument as                                    of                </div> <div> Federal Credit Union, a  U.S. corporation, the Lender  named therein, and he thereupon acknowledged that the said instrument made by the corporation and sealed with its corporate seal, was signed, sealed with the corporate seal and delivered by him as such officer and is the voluntary act and deed of the corporation, made by virtue of authority from its Board of Directors.</div> <bR> <bR> <div>                                    </div> <bR> <div> STATE OF NEW JERSEY    )</div> <div>                                                     ) SS:</div> <div> COUNTY OF                            )</div> <bR> <div>      BE IT REMEMBERED, that on this      day of         , 200   , before me, the subscriber, personally appeared     </div> <div> who, I am satisfied, is the           mentioned in the within Instrument, and thereupon           acknowledged that            signed, sealed and delivered same as             act and deed, for the uses and purposes therein expressed.</div> <bR> <div>                                    </div> <div>                                                                                                                          -------------------------------------------------</div> <div>                                                                                                                           Notary Public of New Jersey    </div> <bR> <bR> <bR> <div>      </div> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <DIV ALIGN="LEFT"></DIV> <div>  <A NAME="subordination_of_mortgage"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A>       <FONT SIZE="3" COLOR="#000000" FACE="Times New Roman" ><B>SUBORDINATION OF MORTGAGE</B></FONT></div> <bR> <bR> <div>      This Subordination is made on                         between the Mortgage Holder,                                                          Federal Credit Union, (address)                                                   referred to as "I"and the New Lender,<B>                                                                                                         </B>, referred to as "You".</div> <bR> <bR> <div> <B>     </B><B>Present Mortgage</B>.  I hold a mortgage (referred to as the "present mortgage").  The present mortgage is dated                                       , and was made by                                     </div> <bR> <div> to</div> <bR> <div> <B>                                                       Federal Credit Union</B></div> <bR> <div>      I also hold the note or other agreement for payment that is secured by the present mortgage.  The present mortgage covers property located in the Township of                      , in the County of                     and State of New Jersey.  This present mortgage was recorded on                               in the office of the County Recording Officer of              County, New Jersey in Book             of mortgages on page             .  The original amount of the present mortgage was $                               .  </div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B>THE PROPERTY IS DESCRIBED ON SCHEDULE "A" ATTACHED HERETO.</B></div> <bR> <div>      <B>NEW MORTGAGE.</B>  You have made a loan in the principal amount of $                    which is secured by a mortgage (referred to as the "new mortgage") covering the same property as the present mortgage. </div> <bR> <div>      <B>POSTPONEMENT.</B>  The present mortgage will be subject, subordinate and inferior in priority to the new mortgage.  This includes all renewals, extensions, modifications and refinances of the new mortgage provided same are equal to or less than the principal amount stated above. </div> <div>  </div> <div>      <B>CONTINUING EFFECT.  </B>This Postponement changes only the priority of the present mortgage.  The present mortgage remains in effect in all other respects.</div> <bR> <div>      <B>WHO IS BOUND.  </B>This postponement is binding upon me and all who succeed to my rights as holder of the present mortgage.</div> <bR> <div>      <B>SIGNATURES.</B>  I agree to this Postponement.  If this Postponement is made by a corporation, its corporate officers sign with full authority of its Board of Directors. </div> <bR> <bR> <div> Attested by:                                                                                             Federal Credit Union</div> <bR> <bR> <div> <U>                                                    </U>                            By:<U>                                                              </U></div> <bR> <bR> <div> STATE OF NEW JERSEY,  COUNTY OF</div> <bR> <div>   </div> <div> BE IT REMEMBERED, that on this       day of         , 200    , before me, the subscriber, personally appeared <FONT SIZE="3" COLOR="#000000" FACE="Arial" >    ,</FONT></div> <div> who, I am satisfied, is the person who signed the within Instrument as                                    of                </div> <div>                                                       Federal Credit Union, a  U.S. corporation, the Lender  named therein, and he thereupon acknowledged that the said instrument made by the corporation and sealed with its corporate seal, was signed, sealed with the corporate seal and delivered by him as such officer and is the voluntary act and deed of the corporation, made by virtue of authority from its Board of Directors.</div> <bR> <bR> <div>                                                                                <U>                                                                  </U></div> <div>                                                                                       Notary Public of New Jersey</div> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B><U> <A NAME="affidavit_of_domicile"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></U></B><B><U>AFFIDAVIT OF DOMICILE</U></B></div> <bR> <div> STATE OF NEW JERSEY     )</div> <div>                                                 ):SS</div> <div> COUNTY OF                         )</div> <bR> <bR> <div>                   <U>                                                                    </U>, being duly sworn, deposes and says that he/she resides at <U>                                                                                                               </U>, and is Executor/Administrator/Surviving Co-Owner of the Estate of<U>                                                        </U>Deceased, who died at <U>                                                                  </U>,  on the <U>               </U>day of <U>                                 </U> 200____.   At the time of his/her death the domicile (legal residence) of said decedent was at      </div> <div> <U>                                                                      </U>, County of <U>                                                </U>, State of <U>                               </U>, that decedent resided at such address for <U>                 </U> years, such residence having commenced on <U>                                   </U>; that decedent last voted in the year <U>             </U> at      ,</div> <div> County of <U>                                                     </U>, State of <U>                                               </U>; that decedent's most recent Federal Income Tax return showed his/her legal residence as      ,</div> <div> County of <U>                                                          </U>, State of <U>                                            </U>; that within three years prior to death decedent was/was not a resident of another state (if decedent resided in another state within three years prior to death, set forth the name of the state and facts as to change of residence and establishment of final domicile);  that any and all debts, taxes and claims against the estate have been paid or provided; that this affidavit is made for the purpose of securing the transfer or delivery of property owned by decedent at the time of his/her death to a purchaser or the person(s) legally entitled thereto under the laws of the decedent's domicile and that any apparent inequality in distribution has been made satisfied or provided for out of other assets in the estate.</div> <bR> <div>                                         </div> <div>                                    </div> <div> Sworn to before me this <U>              </U> day</div> <div> of <U>                                      </U>, 200<U>         </U>     </div> <bR> <bR> <div> <U>                                                                        </U></div> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B> <A NAME="certification_of_trustee"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B><B>CERTIFICATION OF TRUSTEE</B></div> <bR> <div> <U>                                                                          </U> Credit Union is hereby requested to establish an account for the following described Trust.  The information contained below is provided to enable the Credit Union to properly document the establishment and nature of the account(s) for the Trust.  If the Trust is changed then the Credit Union is not bound until it is advised in writing by the trustee.</div> <bR> <div> <B>NAME OF THE TRUST:</B>      </div> <bR> <div> <B>DATE OF TRUST: </B>     </div> <bR> <div> <B>NAMES OF THE GRANTORS (Creators of Trust):</B>      </div> <bR> <bR> <bR> <div> <B>NAMES OF THE TRUSTEES:</B>      </div> <bR> <div>      </div> <bR> <div> <B>NAMES OF SUCCESSOR TRUSTEES:</B>      </div> <bR> <div>      </div> <bR> <div> <B>NAMES OF BENEFICIARIES: </B>     </div> <bR> <div>      </div> <bR> <div>      </div> <bR> <div> <B>NUMBER OF TRUSTEES AUTHORIZED TO ACT</B></div> <div>      <FONT SIZE="1" COLOR="#000000" FACE="Times New Roman" >Please check the appropriate line:</FONT></div> <bR> <div>      <U>   </U>     Any one trustee is authorized to act independently in order to transact business involving the trust.</div> <bR> <div>      <U>   </U>     All trustees must act together to transact any business on behalf of the trust.</div> <bR> <div> <B>MAILING ADDRESS FOR TRUSTEES:      </B></div> <bR> <div>      </div> <bR> <bR> <div> <B>TAXPAYER IDENTIFICATION NUMBER (TIN):</B>      </div> <bR> <div> If you are unsure which TIN to use, contact your tax advisor or attorney.  The Credit Union cannot advise you on this issue.</div> <bR> <div> <B>SHARE DRAFT/ATM CARD AUTHORIZATION</B></div> <bR> <div> ATM cards and share drafts shall be ordered in the following name:      </div> <bR> <div>      </div> <bR> <div> <B>VOTING DESIGNATION</B></div> <bR> <div> The trustee named below is authorized to vote at all credit union elections on behalf of the trust.</div> <bR> <div>      </div> <bR> <div> <B>HOLD HARMLESS AGREEMENT</B></div> <bR> <div> The undersigned trustees hereby agree on behalf of the Trust and its beneficiaries to hold the Credit Union harmless from any loss incurred by the Trust or its beneficiaries resulting from the Credit Union's good faith reliance upon any of the information set forth herein or upon any instruction regarding the account received by the Credit Union from the trustees of the Trust.</div> <bR> <div> <B>MEMBERSHIP ELIGIBILITY</B></div> <bR> <div> For the Trust to open an account, the Grantors of the Trust must be members of the Credit Union.  </div> <bR> <div> <B>CERTIFICATION OF TRUSTEE(S)</B></div> <bR> <div> The undersigned is/are the trustee(s) of the Trust referred to above.  I/we am/are authorized to open an account of the type referred to above and certify that all of the information provided is true and correct.</div> <bR> <div>                                                   </div> <div> Trustee                                                                                           Date</div> <bR> <div> Trustee                                                                                           Date</div> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <bR> <div>  <A NAME="discharge_of_mortgage_____"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A>DISCHARGE OF MORTGAGE     </div> <div>     <FONT SIZE="2" COLOR="#000000" FACE="Times New Roman" > A Mortgage dated _____________________, 2002 was made by</FONT></div> <div>      </div> <div> to</div> <div>      </div> <div>      This Mortgage was made to secure payment of $________________, plus interest. It was recorded in the _____________ County Clerk's Office, __________________, New Jersey, on ______________________, in mortgage book ___________ page ___________.</div> <bR> <div>      This Mortgage has been PAID IN FULL or otherwise SATISFIED and DISCHARGED. It may now be discharged of record. This means that this Mortgage is now cancelled and void.</div> <bR> <div>      I sign and CERTIFY to this Discharge of Mortgage on                     , 2002 .</div> <bR> <div> Witnessed or Attested by:</div> <bR> <bR> <div>                                                                          <U>                                                           </U></div> <bR> <bR> <bR> <div>                                                                           <U>                                                          </U></div> <div>                                           </div> <bR> <bR> <bR> <div> STATE OF NEW JERSEY, COUNTY OF _______________           SS.:</div> <bR> <div>      I CERTIFY that on ____________________, 2002</div> <bR> <bR> <div>      __________________ personally came before me and acknowledged under oath, to my satisfaction, that this person (or if more than one, each person):</div> <div>      (a)     is named in and personally signed this document; and</div> <div>      (b)     signed, sealed and delivered this document as his or her act and deed.</div> <bR> <bR> <div>                                              </div> <div>                                         <U>                                                                             </U></div> <div>                                              (Print name and title below signature)</div> <bR> <div> STATE OF NEW JERSEY, COUNTY OF ____________          SS.:</div> <bR> <div>      I CERTIFY that on _______________, 2002,</div> <bR> <bR> <div>      ____________________ personally came before me and this person acknowledged under oath, to my satisfaction, that:</div> <div>      (a)      this person is the ________________ secretary of _______________ corporation named in this document;</div> <div>      (b)     this person is the attesting witness to the signing of this document by the proper corporate officer who is ____________ the  President of the corporation;</div> <div>      (c)     this document was signed and delivered by the corporation as its voluntary act duly authorized by a proper resolution of its Board of Directors;</div> <div>      (d)     this person knows the proper seal of the corporation which was affixed to this document; and</div> <div>      (e)     this person signed this proof of attest to the truth of these facts.</div> <bR> <div> Signed and sworn to before me on</div> <div>                         2002.</div> <bR> <div>                                              </div> <div> <U>                                                                        </U>                                        </div> <div> (Print name of attesting witness below signature)</div> <div>                                    </div> <bR> <bR> <bR> <div> <B>Record and Return to:</B></div> <bR> <bR> <DIV ALIGN="LEFT"></DIV> <div>  <A NAME="discharge_of_mortgage"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></div> </td> </tr><tr> <td valign="top" colspan=2 height=27 BGCOLOR="#996666" TEXT="#080000" bgproperties="fixed" background="04a64643.gif"> <div> <IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" WIDTH="13">   <A HREF="id64.htm" TARGET="_top" TITLE="General Operating Procedures"><U><IMG SRC="04d0d120.gif" border=0 width="13" height="18" ALT="next" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></U></A>      <IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" WIDTH="18">  <A HREF="id52.htm" TARGET="_top" TITLE="Current Topic"><U><IMG SRC="04f12120.gif" border=0 width="18" height="18" ALT="up" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></U></A></div> <bR> </td> </tr></table></body>