The North Carolina Hypothesized Security Addendum to Deed of Trust is a document used in North Carolina when a borrower is seeking a loan secured by real estate. This document is added to an existing Deed of Trust and provides additional terms and conditions between the lender and the borrower. The Hypothesized Security Addendum describes the specific property that will be used as collateral for the loan, as well as any additional security the lender requires to secure the loan. It also outlines the obligations of the borrower and the lender, including the amount of the loan, the repayment terms, and the interest rate. There are two types of North Carolina Hypothesized Security Addendum to Deed of Trust: a Standard Addendum and a Special Addendum. The Standard Addendum is used when the borrower is requesting a conventional loan and provides the basic terms and conditions for the loan. The Special Addendum is used when the borrower is requesting a non-conventional loan, such as an FHA loan or a VA loan, and provides terms and conditions specific to that type of loan.
North Carolina Hypothecated Security Addendum to Deed of Trust
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