Common Contracts
1 similar Construction Conversion Modification Agreement contracts
Space Above This Line For Recording Data]______________________ CONSTRUCTION CONVERSION MODIFICATION AGREEMENT (Fixed Interest Rate) (Embedded Fixed-Rate Financing Terms)Construction Conversion Modification Agreement • June 15th, 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 Note (the “original 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 original 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:
