An amendment of or supplement to a mortgage presented for filing and recording must:
    
    
        
        (a) 
         Be signed by or on behalf of each mortgagor and each mortgagee; and
     
    
        
        (b) 
         Recite the following:
     
    
        
        (1) 
         The name and address of each mortgagor and mortgagee; and
     
    
        
        (2) 
         The nature of the change effected by the instrument.