Deed Of Trust Records With Alcohol In Washington

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

Description

The Deed of Trust Modification Agreement is a legal document in Washington that modifies the existing mortgage or deed of trust to secure a loan with specific terms between the borrower, co-grantor, and lender. This agreement outlines the renewal and extension of the lien on the property, ensuring that the lender's security interest persists until the debt is paid in full. Key features include the acknowledgment of the existing lien's validity, the amendment of the security instrument, and the detailed note payment terms including interest rates, monthly payment schedules, and prepayment rights. Users should fill in the required information such as names, loan amounts, property addresses, and specific dates. Editing the document may involve updating payment terms or modifying parties involved. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants to facilitate re-negotiations of loan terms connected to properties dealing with alcohol-related establishments, ensuring compliance with state laws. By using this form, legal professionals can help clients understand their rights and obligations while ensuring that all modifications are properly documented.