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DOT with advances

Posted by Todd-wa on November 30, 2001 at 1:43 PM

Question about a DOT that has provisions for advances. The wording in the doc states that, "changes...including future advances...the maximum aggragate principle is $150,000."

The amount borrowed at the time the DOT was made was $101,000.
Would there need to be an another doc recorded if they got an advance? Any exceptions?


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