Allonge to Promissory Note (Commercial Property Loan) (Massachusetts)

The legal template titled "Allonge to Promissory Note (Commercial Property Loan) (Massachusetts) under USA law" is a document specific to commercial property loans within the state of Massachusetts, governed by the laws of the United States. It outlines the terms and conditions that supplement a promissory note related to a commercial property loan in order to modify, extend, or provide additional provisions to the original promissory note.

An allonge is a separate document that acts as an attachment or annex to the promissory note, serving as an amendment or extension to the existing contract. In the context of a commercial property loan, an allonge grants flexibility to the parties involved to modify certain terms, such as repayment terms, interest rates, maturity dates, or any other relevant provisions related to the loan agreement.

The template may include standard legal language specific to commercial property loans, ensuring compliance with Massachusetts regulations and federal laws of the United States. It provides a framework to document and formalize any amendments made to the original promissory note, protecting the interests of both the lender and the borrower.

Overall, this legal template serves as a tool for parties involved in a commercial property loan in Massachusetts to modify and update the terms of their promissory note, offering a standardized format while adhering to the applicable legal framework.