Deed Of Trust Modification With Future Advance Clause In Pennsylvania
State:
Multi-State
Control #:
US-00183
Format:
Word;
Rich Text
Instant download
Description
The Deed of Trust Modification with Future Advance Clause in Pennsylvania is a legal document that modifies an existing deed of trust, allowing for future advances on the secured debt. This agreement is effective as of the designated modification date and identifies the borrower, co-grantor, and lender. It highlights the renewal and extension of the lien securing the debt, confirming that the security instrument remains valid until the debt is paid in full. Key features include the amendment of the security instrument, co-grantor liability, and specific terms related to payments, interest rates, and the obligations of all parties under the note. This form is especially useful for attorneys, partners, and paralegals involved in real estate transactions, as it assists in securing additional financing under previously established agreements. Legal assistants can benefit from understanding the document's structure for efficient completion, while owners and associates in real estate can use it to facilitate future funding opportunities.
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FAQ
Deed of Trust Modification means, with respect to any Deed of Trust, a modification agreement entered into between the Borrower or the Project Owner, as applicable, and the Lender, modifying the terms and conditions of the Deed of Trust in order to (i) add to the lien of the Deed of Trust Additional Lots, or (ii) make ...
Deed of Trust Modification means, with respect to any Deed of Trust, a modification agreement entered into between the Borrower or the Project Owner, as applicable, and the Lender, modifying the terms and conditions of the Deed of Trust in order to (i) add to the lien of the Deed of Trust Additional Lots, or (ii) make ...
