Promissory Note Extension Agreement - Change in Terms, with Baloon Payment

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Promissory Note Extension Agreement - Change in Terms, with Baloon Payment Powered By Docstoc
					              EXTENSION AND MODIFICATION AGREEMENT OF
               PROMISSORY NOTE DATED ___________, 20__

     For good and valuable consideration, W.A. and M.A., husband and wife (holders),
and M.S. and P.G., single persons (makers), do hereby agree that the Promissory Note
dated _________, 20__, in the original principal sum of $__________, shall be
extended and modified in the respects shown below. A true copy of the Promissory
Note is attached as Exhibit A.

      1.       The unpaid principal balance of this Promissory Note as of this date is
$___________;

      2.       Commencing ________, 20__ the interest rate on the unpaid principal
balance shall be changed to ____% per annum;

      3.       Commencing with the payment due on _________, 20__, all monthly
payments of principal and interest shall be in the sum of $_________;

      4.      The entire unpaid balance of 
				
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Description: Promissory Note Extension Agreement - New Terms with Balloon Payment
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PARTNER Richard Duggan
Richard Duggan is a semi-retired lawyer, licensed in Missouri and Texas, now residing in Sedalia, Missouri. His law practice has consisted primarily of business and real estate law. He has previously published four novels, all fact-based fiction, and each featuring romance and mystery. Three of his published works are a series, featuring the husband and wife law team of John and B.J. Ryan. He is presently in the process of completing the fourth and final novel in the series.