Mortgage Extension Agreement

(Original Mortgage Released from further Obligations)

THIS AGREEMENT made as of Date of Agreement among Name of Mortgage Borrower

(Mortgagor), of Address of Mortgage Borrower (Mortgagor) (the "Mortgagor") and Name of
Mortgage Lender, of Address of Mortgage Lender (the "Mortgagee").

WHEREAS:

(A) By mortgage dated Date of Mortgage (the "Mortgage"), and registered on Date of
Registration/Recordal of Mortgage as Number Registration Number of Mortgage, the
Mortgagor mortgaged the property described as Brief Description of Property (ie. 123
Whiteacre Road, Anyplace, Anywhere) (the "Property"), to secure payment of the
principal sum of Original Principal Amount of Mortgage (ie. $85,000.00) and interest as
therein set out;

(B) The principal sum of Principal Amount Outstanding on Mortgage as of Date of

Assignment (ie. $76,555.21) remains outstanding on the Mortgage as of the date hereof;

(C) The Mortgagor and the Mortgagee have agreed to extend the time for payment of the
Mortgage;

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the

premises and of the premises, the mutual covenants and agreements hereinafter contained, and for
other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, it is hereby agreed that:

1. The parties hereto acknowledge and agree that the recitals herein are true and correct in
all material respects.

2. The parties hereto agree that the time for repayment of the principal sum under the
Mortgage shall be extended to New Maturity Date of Mortgage (ie. July 31, 2008).

3. Insert Revised Payment Terms if applicable (ie. Interest Rate, Payment Dates, Payment
Amounts)

4. The parties acknowledge and confirm that the Mortgage remains in full force and effect,
unamended except in accordance with the terms and conditions of this Agreement, and
that time remains of the essence under the Mortgage.

5. This Agreement shall be binding upon and enure to the benefit of the respective heirs,
executors, administrators, successors and assigns of the parties hereto, and wherever the
singular and masculine genders are used in this Agreement the same shall be construed as
meaning the plural and feminine or neuter genders where the fact or context so requires,
and if there be more than one Purchaser all covenants shall be deemed to be joint and
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several.

IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first
above written.

Witness Name of Mortgage Borrower

(Mortgagor)

Witness Name of Mortgage Lender (Mortgagee)