Laserfiche WebLink
200505023 <br />WHEREAS, Borrower has requested that Lender make an additional advance to be <br />secured by such existing Deed of Trust; <br />WHEREAS, Lender is willing to make an additional advance to be secured by such Deed <br />of Trust provided there shall have been no filings of record subsequent to the date of the <br />recording of that Deed of Trust hereinabove identified; <br />WHEREAS, Borrower and Lender hereby desire to amend the existing Deed of Trust <br />identified hereinabove to provide that it shall continue to secure the presently remaining <br />indebtedness and the additional advance and future advances from and after the date hereinafter <br />specified; <br />NOW, THEREFORE, it is agreed: <br />1. IncoKporation of Future Advance Rights. From and after the date of the execution <br />of this Deed of Trust Modification Agreement, the indebtedness secured by the Deed of Trust <br />described hereinabove shall secure advances made concurrently herewith and future advances in <br />accordance with the following provision which shall hereafter be deemed to be a part of such <br />Deed of Trust: <br />Future Advances. Upon request of Borrower, Lender may, at its option, make additional <br />and future advances and readvances to Borrower. Such advances and readvances, with <br />interest thereon, shall be secured by this Deed of Trust. At no time shall the principal <br />amount of the indebtedness secured by this Deed of Trust, not including sums advanced <br />to protect the security of this Deed of Trust, exceed the original principal amount stated <br />herein, or $ 68,850.00 , whichever is greater. <br />2. Continuing Effect. Except as specifically modified by this Deed of Trust <br />Modification Agreement, all other terms and provisions of this Deed of Trust hereinabove <br />identified shall remain in full force and effect. <br />3. Effect on Other Security. All real estate mortgages, deeds of trust, assignments <br />and security agreements heretofore or concurrently herewith to be granted shall remain in full <br />force and effect to the extent not inconsistent with this Deed of Trust Modification Agreement <br />and shall continue as security for Borrowers remaining indebtedness previously existing until <br />such sum shall be paid, as well as any future indebtedness owing from Borrower to the Lender <br />for future advances and renewals in respect to all sums owing from Borrower to Lender. <br />4. Additional Documentation. Borrower further covenants to and with Lender that <br />Borrower shall, and will, at any time, now or later, upon request, make, do, execute and deliver <br />all such further and other acts, deeds and things as shall be reasonably required to effectuate the <br />intention of this Deed of Trust Modification Agreement and to insure and confirm to the Lender <br />all and singular the property, securities and rights described, and intended to be conveyed, as <br />