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- An addendum to a promissory note is a legal document that changes the terms of the original promissory note12. An addendum may include changes in interest rate, payment deadlines, loan amount, or collateral requirements2. An addendum should be made with the consent of the lender and the borrower, and will be binding once signed by both parties1.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An amended promissory note is a legal document that changes the terms of the original promissory note. These amendments should be made with consent from the lender and, once in place, will be considered binding by all parties involved.www.contractscounsel.com/t/us/amended-promiss…An addendum to a promissory note changes the terms of the original promissory note, which may include: Change in interest rate Change in payment deadlines Adding new clauses requiring collateral Changes in loan amountwww.contractscounsel.com/t/us/addendum-to-pro…
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What is an Addendum To Promissory Note? (Key Terms + Sample)
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