Deed Of Trust Modification With Future Advance Clause In Fulton

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

Description

The Deed of Trust Modification with Future Advance Clause in Fulton is a legal document that modifies an existing mortgage agreement to secure additional borrowing by the borrower. This Modification Agreement ensures that the lien associated with the original deed remains valid while extending its terms to accommodate future capital needs. Key features include provisions for the renewal of the lien, the option for the borrower to make principal payments before the due date without penalties, and clear instructions on the payment schedules and late charges. The form also addresses the roles of co-grantors, who are not personally liable for the debt. Filling instructions involve specifying borrower details, property descriptions, and terms of the loan. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to facilitate refinancing or restructuring debt agreements. Its clarity allows users to understand obligations easily, while the structured sections promote efficient completion.