Common Contracts
1 similar Construction Conversion Modification Agreement contracts
Space Above This Line For Recording Data]______________________ CONSTRUCTION CONVERSION MODIFICATION AGREEMENT (Adjustable Interest Rate)Construction Conversion Modification Agreement • May 20th, 2021
This Construction Conversion Modification Agreement (the “Agreement”), made and effective this _____ day of ____________, _____, between ___________________ (“Lender”) and ___________________ (“Borrower”), modifies and amends certain terms of Borrower’s indebtedness evidenced by (1) the interim construction financing adjustable interest rate Note (the “Adjustable Rate Note”) to Lender dated the _____ day of ______________, ______, in the original principal sum of U.S. $__________ and secured by (2) the Mortgage, Mortgage Deed, Deed of Trust, or Security Deed (the “Security Instrument”) and Rider(s), if any, dated the same date as the Adjustable Rate Note and recorded in Book or Liber __________, at pages ___________, of the ________________________ Records [Name of Records] of _________________________ [County and State, or other Jurisdiction]. The Security Instrument covers the real and personal property described in the Security Instrument and defined as the “Property,” located at:
