USA mortgage lenders, if a borrower is selling a property on which you hold a mortgage, in order to buy another property, replace the original property with the new one under the mortgage and note with this Collateral Substitution Agreement form for the United States. Provisions of the agreement include:

• The original real estate property is released as collateral.
  
• The borrower's new property replaces the original collateral.
  
• Provisions of the original note and all other loan documentation shall remain in full force and effect.

This United States collateral substitution agreement is provided in MS Word format and is easy to download, fill in and print out.