US Legal Forms
North Carolina Hypothecated Security Addendum to Deed of Trust

North Carolina Hypothecated Security Addendum to Deed of Trust

Name: North Carolina Hypothecated Security Addendum to Deed of Trust
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.69 (225 reviews)

Category:

North Carolina Real Estate - Mortgages and Deeds of Trust

State:

North Carolina

Control #:

NC-125RE

Format:

Instant download

Description

This Deed of Trust is given in the form of hypothecated security in that it is given to secure the debt of another as evidenced by a particular promissory note. 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.

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.

View Kansas Demolition Contractor Package

View this form

View Kansas Insulation Contractor Package

View this form

View Kansas Security Contractor Package

View this form

View Kansas Paving Contractor Package

View this form

View Kansas Site Work Contractor Package

View this form

How to fill out North Carolina Hypothecated Security Addendum To Deed Of Trust?

If you’re searching for a way to properly prepare the North Carolina Hypothecated Security Addendum to Deed of Trust without hiring a legal representative, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reputable library of formal templates for every personal and business situation. Every piece of paperwork you find on our web service is created in accordance with federal and state laws, so you can be certain that your documents are in order.

Follow these simple instructions on how to get the ready-to-use North Carolina Hypothecated Security Addendum to Deed of Trust:

Make sure the document you see on the page meets your legal situation and state laws by examining its text description or looking through the Preview mode.
Type in the form name in the Search tab on the top of the page and choose your state from the list to locate another template if there are any inconsistencies.
Repeat with the content check and click Buy now when you are confident with the paperwork compliance with all the demands.
Log in to your account and click Download. Sign up for the service and select the subscription plan if you still don’t have one.
Use your credit card or the PayPal option to pay for your US Legal Forms subscription. The blank will be available to download right after.
Decide in what format you want to save your North Carolina Hypothecated Security Addendum to Deed of Trust and download it by clicking the appropriate button.
Upload your template to an online editor to complete and sign it quickly or print it out to prepare your paper copy manually.

Another great thing about US Legal Forms is that you never lose the paperwork you purchased - you can pick any of your downloaded templates in the My Forms tab of your profile whenever you need it.

Form Rating

4.69

Satisfied(225)

Form popularity

FAQ

A North Carolina deed of trust is a real estate transfer instrument between a lender, borrower, and a trustee whereby a property title is transferred as collateral for a loan to purchase real estate. The title is maintained by the trustee until the borrower (property owner) returns the entire loan amount to the lender.

The Trustee's Satisfaction of Deed of Trust must be signed by the Trustee or Substitute Trustee and acknowledged by a Notary Public and contain all the information required by G.S. 45-36.20 and G.S. 45-37(a)(7). 2. The secured creditor in the security instrument may sign a Satisfaction of Security Instrument.

Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia,

The lender then records the document in the public records were the home is located. The instrument that these documents secure is most commonly called a promissory note....Mortgage States and Deed of Trust States. StateMortgage StateDeed of Trust StateNew MexicoYNew YorkYNorth CarolinaYNorth DakotaY47 more rows

This Deed of Trust is given in the form of hypothecated security in that it is given to secure the debt of another, to wit: the indebtedness evidenced by the Promissory Note dated , in the amount of $ which is made and delivered by (hereinafter referred to as ?Borrower?) to and for the benefit of Beneficiary.

In North Carolina, the trustee named in a deed of trust holds legal title to the real property granted therein as security for the note obligation. Once the debt is paid off, the deed of trust is cancelled and title reverts to the borrower.

Focusing on this geographical region, the Deed of Trust is the preferred or required security instrument for real property in the following states: Maryland, North Carolina, Tennessee, Virginia and West Virginia. Mortgages are used in Kentucky, Ohio and Pennsylvania.

More info

The title of the Security Instrument is modified as follows: HEALTHCARE ACT OF MORTGAGE, PLEDGE OF LEASES AND RENTS AND SECURITY AGREEMENT (LOUISIANA). Hypothecated security addendum to deed of trust.(c) under any other Approved Loan Facility (as defined in the Security Trust. Deed), at that time. In preparing documents that are "fill in the blank," beware of careless mistakes. Execute Security Documents. To execute and deliver to Lender the forms of mortgage, deed of trust, pledge agreement, hypothecation. Antimerger clause A clause in a mortgage or deed of trust specifying that the senior lienholder will retain lien priority in the event of a merger. Mortgages, Deeds of Trust, Deeds to Secure Debt . DEED OF TRUST-HYPOTHECATED SECURITY ADDENDUM Deed of Trust Hypothecated Security.

North Carolina Hypothecated Security Addendum to Deed of Trust

Description

Related forms

How to fill out North Carolina Hypothecated Security Addendum To Deed Of Trust?

Show more info

Form Rating

Form popularity

FAQ

What is a deed of trust in North Carolina?

Who signs a deed of trust North Carolina?

Is North Carolina a trust deed state?

Is North Carolina a mortgage state?

What is a hypothecation deed of trust?

How is the deed of trust titled in North Carolina?

Is North Carolina a deed of trust or mortgage state?

More info

Trusted and secure by over 3 million people of the world’s leading companies