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ATTACHMENT 16-A
AMENDMENTS TO MORTGAGES WITH LEASEHOLD INTEREST
The following paragraphs must be inserted in the mortgage. The first paragraph should be placed directly before the legal description of the real estate.
“All borrower’s right, title, and interest in and to the leasehold estate for a term of years beginning on , 20 , created, executed and established by certain Lease dated , 20 , by , Page of Records of said County and State, and any renewals and extensions thereof, and all borrower’s right, title, and interest in and to said Lease, covering the following real estate.”
“Borrower will pay, when due, all rents and all other charges required by said Lease, will comply with all other requirements of said Lease, and will not surrender or relinquish any of borrower’s right, title, or interest in or to said leasehold estate or under said Lease while this instrument remains in effect.”
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HB 1-3555