Deed of Trust Modification. The Company shall have delivered to the Bank a modification of the deed of trust encumbering the Company's Smitx Xxxnty, Texas real property, in accordance with Section 2.12 hereof.
Deed of Trust Modification. Upon each Single Family Lot Conveyance following the Closing, NRHA shall cause a modification to the Deed of Trust to be recorded in the Official Records, in a form reasonably acceptable to Eureka County, to effect the inclusion of the additional Single Family Lots subject to the applicable Single Family Lot Conveyance to the lien of the Deed of Trust.
Deed of Trust Modification. Clause (a) of the first sentence of Article II of the Deed of Trust is hereby deleted in its entirety and replaced with the following:
Deed of Trust Modification. Borrower shall have executed and delivered to Lender a modification of the Deed of Trust (the “DOT Modification”) in form and substance satisfactory to Lender, which shall incorporate by reference the modifications made under this Agreement, and the Deed of Trust Modification shall be duly recorded. Lender shall also receive, at Borrower’s cost, an endorsement to the policy of title insurance issued to Lender with respect to the Deed of Trust, insuring that the Deed of Trust has been validly modified by the DOT Modification, increasing the coverage of the title insurance policy to cover the Loan evidenced by the Note, and insuring that the lien of the Deed of Trust, as modified, is prior to any and all liens and encumbrances affecting the Property, except those liens and encumbrances shown on Lender’s original title policy and any other liens and encumbrances acceptable to Lender in its sole discretion.
