CERTIFICATE OF EXTENSION OF PERIOD FOR ADVANCES UNDER EQUITY LINE OF CREDIT

(G.S. 45-82.1)

(This instrument should be indexed as a “subsequent instrument” pursuant to G.S. 161-14.1)

______is now the lender and secured creditor in the security instrument identified as follows:

Type of Security Instrument:______

Original Grantor(s):______

Original Secured Party(ies):______

Recording Data: The security instrument is recorded in Book ______at Page ______or as document number ______in the office of the Register of Deeds for ______County, North Carolina.

The borrower(s) is/are the following:

The current owner(s) of the property described in the security instrument is/are:

The parties have agreed to extend to ______, 20___, the period within which the borrower may request advances as set forth in G.S. 45-82.1.

Date:______/ SECURED CREDITOR:
[NAME OF LENDER]
By:______
Print/Type Name:______
Title:______

August 2011This sample form provided as a service to the grantor/grantee.

Drafting legal instruments which convey an interest in real property is the practice of law by statute (NCGS 84-2.1).

BORROWER(S)/CURRENT PROPERTY OWNER(S):
INDIVIDUAL(S):
______
Signature
Print/Type Name: ______
______
Signature
Print/Type Name: ______
______
Signature
Print/Type Name: ______
______
Signature
Print/Type Name: ______/ BUSINESS ENTITY(IES):
______
Name of Entity
By: ______
Print/Type Name: ______
Title: ______
______
Name of Entity
By: ______
Print/Type Name: ______
Title: ______

______County, North Carolina

I certify that the following person(s) personally appeared before me this day, each acknowledging to me that he or she signed the foregoing document: ______.

Date:______

Signature of Notary Public

(Official Seal)

______, Notary Public

Printed or typed name

My commission expires: ______

______County, North Carolina

I certify that the following person(s) personally appeared before me this day, each acknowledging to me that he or she signed the foregoing document: ______.

Date:______

Signature of Notary Public

(Official Seal)

______, Notary Public

Printed or typed name

My commission expires: ______

______County, North Carolina

I certify that the following person(s) personally appeared before me this day, each acknowledging to me that he or she signed the foregoing document: ______.

Date:______

Signature of Notary Public

(Official Seal)

______, Notary Public

Printed or typed name

My commission expires: ______

______County, North Carolina

I certify that the following person(s) personally appeared before me this day, each acknowledging to me that he or she signed the foregoing document: ______.

Date:______

Signature of Notary Public

(Official Seal)

______, Notary Public

Printed or typed name

My commission expires: ______

August 2011This sample form provided as a service to the grantor/grantee.

Drafting legal instruments which convey an interest in real property is the practice of law by statute (NCGS 84-2.1).