A document that alters an existing mortgage by providing for an increase in the amount of debt secured. This includes any document that alters an existing mortgage to secure debt that was (i) advanced, (ii) repaid in whole or in part, and (iii) then readvanced in whole or part.
Recommended Language: Minnesota Uniform Conveyancing Blank – Amendment of Mortgage.
This document secures additional debt in the amount of $______________ Mortgage Registry Tax of $______________ was paid on the original debt amount in ______________County, Minnesota on _______________. (month/day/year)
Additional MORTGAGE REGISTRY TAX DUE: $_________________ (payable only if indebtedness is increased in paragraph 3B)
See Minnesota Statute 287.05, subd. 2.