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LIEN MATURITY EXTENSION AGREEMENT (G.S. 4536.24’d)) (This instrument should be indexed as a subsequent instrument pursuant to G.S. 16114.1) secured creditor’s) under the security instrument identified

How to fill out lien maturity extension agreement

How to Fill Out Lien Maturity Extension Agreement:

1. Begin by reviewing the lien maturity extension agreement document to understand its terms and requirements.
2. Fill in the date of the agreement at the top of the document.
3. Input the names and contact information of both parties involved in the agreement, such as the lender and the borrower.
4. Specify the details of the lien, including the property or assets involved, the lienholder, and any outstanding balances or obligations.
5. Indicate the current maturity date of the lien, which is the date when the loan or debt is originally scheduled to be fully paid off.
6. Provide the reason for requesting the lien maturity extension. This could be due to financial difficulties, unforeseen circumstances, or other relevant factors.
7. State the new proposed maturity date, which is the extended deadline by which the loan or debt is expected to be repaid.
8. Include any additional terms or conditions that both parties agree upon, such as adjusted interest rates, payment schedules, or penalties for late payment.
9. Sign and date the lien maturity extension agreement. Make sure both parties involved in the agreement sign the document in order to validate its legality and enforceability.

Who Needs Lien Maturity Extension Agreement:

1. Individuals or businesses who have borrowed money or incurred debt and are unable to meet the original maturity date of the loan or debt.
2. Lenders who agree to extend the maturity date of a lien or debt in order to accommodate the borrower's financial situation or other circumstances.
3. Any party involved in a lien or debt agreement seeking a formal and legally binding document to outline the extension of the maturity date and any associated terms and conditions.

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What is lien maturity extension agreement?

A lien maturity extension agreement is a contract that extends the maturity date of a lien or security interest on a property or asset.

Who is required to file lien maturity extension agreement?

The parties involved in the agreement, such as the lender and the borrower, are required to file the lien maturity extension agreement.

How to fill out lien maturity extension agreement?

To fill out a lien maturity extension agreement, parties must include details of the original loan, the extension terms, and any additional conditions.

What is the purpose of lien maturity extension agreement?

The purpose of a lien maturity extension agreement is to give parties more time to repay a loan or satisfy the requirements of a security interest.

What information must be reported on lien maturity extension agreement?

Information such as the original loan amount, the new maturity date, and any changes to the terms of the agreement must be reported on a lien maturity extension agreement.