What does Endorsement Allonge to Note and Allonge to Note mean? Please explain.?

Question

Those of you who deal with mortgage loans please explain.  The am not sure what Allonge means.  I see the Endorsement has the name of lender, borrower, property address, loan amount, gives a date of 3-22-06, says Pay to the Order of Ohio Savings Bank, and signed by the mortgage broker.

The Allonge to Note says:  Loan Number: XXXX
Allonge to Note Dated 3-22-06
In favor of:  Mortgage Co.
And executed by:  that is left blank
Pay to the order of without recourse:  that is left blank
Dated 5/15/2009
Ohio Savings Bank
then signed by a Herman John Kennerty, Vice President of Loan Documentation.

What does this all mean?   We only paid 2 payments to Ohio Savings Bank and then Wells Fargo bought the loan.  I thought Ohio Savings Bank was bought out by another bank.

Ed Atun · Accepted Answer

"allonge" is a rarely used term that means that there is too much to write and it won't fit on the 1st piece of paper.  It warns you to look for a separate piece of paper.  It often is used for long lists of names.
This paper shows that the loan at one time was owned by Ohio Savings.

If you received notice that Wells Fargo owns your loan, you are protected by law if you make your payments to Wells.

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What does Endorsement Allonge to Note and Allonge to Note mean? Please explain.?
Those of you who deal with mortgage loans please explain.  The am not sure what Allonge means.  I see the Endorsement has the name of lender, borrower, property address, loan amount, gives a date of 3-22-06, says Pay to the Order of Ohio Savings Bank, and signed by the mortgage broker.

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What does Endorsement Allonge to Note and Allonge to Note mean? Please explain.?

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