The important feature is that the mortgage secures frequent and routine future advances to be added to the loan balance. A future advance is a clause in a mortgage that provides for additional availability of funds under the loan contract without requiring another loan.This article discusses the typical modifications of a note and reviews the use of a note modification agreement and the modification of note forms. A loan modification serves as an efficient way to alter specific loan terms, while leaving other original loan terms intact and enforceable. This paper discusses the basic rules and recent developments concerning the right of senior mortgagee and their borrowers to modify loan or mortgage terms. Put all the debt in a single deed of trust or mortgage. Line account and will not do so in the future. This clause is included in the agreement regardless of whether the secured party is obliged to make the advances.