Mortgage Variation Agreement Template for New Zealand

1. Guarantor Consent: Required when the original mortgage has guarantors who must consent to the variation

2. Conditions Precedent: Include when there are specific conditions that must be met before the variation takes effect

3. Security Confirmation: Used when additional security documents need to be confirmed or modified

4. Financial Covenants: Include when varying financial obligations or introducing new financial requirements

5. Additional Property: Required when adding new property to the mortgage security

6. Release Provisions: Used when releasing any part of the secured property or releasing a guarantor

7. Default Remedies: Include when modifying the original default provisions

1. Schedule 1 - Original Mortgage Details: Details of the original mortgage including registration number and date

2. Schedule 2 - Varied Terms: Detailed list of all terms being varied, showing both original and new terms

3. Schedule 3 - Property Description: Legal description of the mortgaged property, including title references

4. Schedule 4 - Payment Schedule: If payment terms are varied, details new payment arrangements

5. Appendix A - Supporting Documents: Copies of relevant supporting documents (e.g., resolutions, consents)

6. Appendix B - Certificates: Any required certificates or formal confirmations