Deed Of Trust Records With Alcohol In Franklin

• Category: Real Estate - Mortgages and Deeds of Trust
• State: Multi-State
• County: Franklin
• Control #: US-00183
• Format: Word; Rich Text

Description

The Deed of Trust Modification Agreement provides a comprehensive framework for modifying existing mortgage or trust deeds, especially relevant in Franklin's context where alcohol-related assets may be involved. This document serves to renew and extend the lien on the property identified as collateral, ensuring the lender's interest is protected. Key features include acknowledgment of the debt, specific payment terms, and procedures in case of default. It also allows for co-grantors to convey interests without personal obligations towards the debt, thereby safeguarding their interests. Filling instructions emphasize accuracy in completing property addresses, borrower information, and repayment terms. This form is beneficial for attorneys, partners, and legal assistants as it clarifies the rights and obligations of borrowing parties and lenders, facilitating smooth transactions. It also assists paralegals in reviewing compliance with legal requirements in debt modification processes. Overall, the document is vital for legal professionals working within real estate and finance sectors, particularly in cases involving alcoholic beverage laws and asset management.