<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=us-ascii"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal>The deed of trust should say that it secures the existing note plus any extensions or modifications, so all you should need to do is draft an extension agreement for the note and mention the existing deed of trust. You shouldn’t have to re-record the DOT or draft a new one.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Craig<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal><span style='color:black'>CONFIDENTIALITY NOTICE: This e-mail message contains information belonging to the Law Office of Craig Sjostrom, which may be privileged, confidential and/or protected from disclosure. The information is intended only for the use of the individual or entity named above. If you believe that you have received this message in error, please be so kind as to contact the sender and delete the message. If you are not the intended recipient, any dissemination, distribution or copying is strictly prohibited. Thank you. <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>> <o:p></o:p></span></p><p class=MsoNormal><span style='color:black'>> Law Office of Craig Sjostrom, 1204 Cleveland Ave., Mount Vernon, WA 98273 Phone (360) 848-0339 Fax (360) 336-3488 email <a href="mailto:cdsjostrom@comcast.net"><span style='color:blue'>cdsjostrom@comcast.net</span></a><o:p></o:p></span></p></div><p class=MsoNormal><o:p> </o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Timothy Lehr<br><b>Sent:</b> Tuesday, December 14, 2021 9:32 AM<br><b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br><b>Subject:</b> [WSBARP] Extension of Prom Note and Deed of Trust<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>All,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I have a client that would like to extend a promissory note he is the holder of, rather than collect the balloon payment (which is due next spring). It was a seller financed deal on real estate and the note is also secured by a deed of trust on the property. Assuming both parties agree to this extension, is there anything that needs to be filed to “extend” the deed of trust, does a new deed of trust need to be recorded, or does the original deed of trust continue to secure the extension of the note? This is my first time dealing with this, seemingly, straight-forward process. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Thank you,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b>Timothy C. Lehr<o:p></o:p></b></p><p class=MsoNormal>Attorney at Law<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><img border=0 width=191 height=69 style='width:1.9861in;height:.7222in' id="Picture_x0020_1" src="cid:image001.jpg@01D7F0CE.BBEB05B0"><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>p: 360.855.0131<o:p></o:p></p><p class=MsoNormal>e: <a href="mailto:timothy@stileslaw.com">timothy@stileslaw.com</a><o:p></o:p></p><p class=MsoNormal>w: <a href="http://www.stileslaw.com/">www.stileslaw.com</a><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><b>NOTICE</b>: The information contained in this email is proprietary and/or confidential and may be privileged. If you are not the intended recipient of this communication, you are hereby notified to : (i) delete the email and all copies; (ii) not disclose, distribute or use the email in any manner; (iii) notify the sender immediately. Thank you. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>