Mortgage companies can use the mortgage application agreement to get more collateral for the loan. This means that if a borrower fails to make mortgage payments for a property under the mortgage application agreement, the lender can seal all the properties listed in the agreement, even if the others are aware of their payments. The borrower may agree to enter into a mortgage application agreement to save money on paying higher mortgage fees when obtaining new mortgages for real estate. A land application agreement is a document that extends the scope of a mortgage to other properties and sometimes to new lenders or borrowers. References: financial-dictionary.thefreedictionary.com/spreading+agreement The Mortgage Change and Application Agreement distributes the lien from mortgage 3 to the hereditary building right in block 1259 lot 117, as shown by an instrument registered at the registrar at Reel 552, page 1531. This mortgage application agreement is binding and benefits the mortgagees and the mortgagee as well as their respective successors and assigns. All terms, conditions and obligations set forth in the Mortgage, including but not limited to Section 55 of the Mortgage, will remain in full force and effect without any change, except for the inclusion of additional property as part of the mortgage secured debt guarantee and the amendments referred to in Section 2 of this Mortgage Spreader Agreement. Debtors must use commercially reasonable efforts to deliver or cause to be delivered any registered spreader contract or hypothec, if any, to the agent immediately upon receipt from the archives office. The mortgage debtors and the hypothecary creditor confirm that this mortgage spreader contract relates to the same debt secured by the mortgage and that no other additional obligations or obligations are guaranteed by this mortgage spreading contract […].