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The Mortgage For Future Advances In West Virginia, R. E. Stealey

West Virginia Law Review

In late years the mortgage or deed of trust to secure indebtedness that may not be created until after the execution and recordation of the security instrument has assumed a new importance in real estate financing. Formerly confined largely to the construction loan, such financing now often contemplates a possible future loan equal to any amount which may have been repaid on the original loan, or the use of the security instrument as general collateral for future advances, which may vary in amount from time to time. Such transactions are subject not only to the usual hazards of mortgage lending, …