Under Missouri’s future advance statute, Mo. Rev. Stat. § 443.055, a deed of trust may secure future advances by a lender, the principal amount of which may not exceed the “face amount stated in the security instrument.” What else, besides the “principal” amount, may be secured by such a deed of trust? The statute specifically allows advances “incurred … for the reasonable protection of the lender’s security interest” to be included, and that amount can exceed the stated amount of the deed of trust. A Missouri Court of Appeals has now confirmed that interest also can exceed the stated amount and remain secured, and property taxes and attorney’s fees may also be secured as advances for the protection of the security interest. Late fees, however, do not qualify as expenses protecting the lien. Manns v. SB RE Properties, LLC, et al., ED105820 (Mo. Ct. App. E. D. Mo., Nov. 13, 2018).
By Lindsay Griffiths on Tue, 21 May, 2019
Welcome to ILN-terviews, a series of profiles of ILN member firm attorneys, designed to give a unique insight into the lawyers who make up our Network. For our latest interview, we chose ILN member, Arthur Li of our member firm Lee and Li in Taiwan, China. In one sentence, how would you describe your practice?...… Continue Reading
October 3-6, 2019ILN European Regional Conference hosted by Reinhart Marville Torre
November 14-17, 2019ILN Americas Regional Conference hosted by Stradling Yocca Carlson & Rauth Newport Beach, California
March 26-29, 2020ILN 32nd Annual Conference hosted by Salloum & Partners L.L.C. Abu Dhabi, UAE
ILN Membership Events
August 7, 2019
Davis & Gilbert
Davis & Gilbert Counsel 2U®: Marketing & Advertising Seminar The Regulators – FTC, State AG, Local and NAD – What’s New and What’s Next
Davis & Gilbert, New York
ILN Partnership Events
September 17-18, 2019Corporate Counsel & Compliance Exchange Berlin
October 22-23, 2019Momentum's dLaw Disruptive Innovations in Legal Services New York
November 4-5, 2019IP Law Europe Summit Chelsea Harbour Hotel, London, UK
November 7, 2019The Economist's General Counsel Conference London
November 13-15, 201913th Anti-Corruption Compliance in China Summit 2019 Beijing, China
ILN Today Topics
Zen & The Art of Legal NetworkingLatest posts from ILN's Lindsay Griffiths Subscribe to ILN's blog
- Rainmaking Recommendation from Jaimie Field: Recommendations, Reviews, and Testimonials (Part 2): How to Get More
- International Lawyers Network Welcomes New Member in India
- Corporate Social Responsibility for Law Firms: Understanding the Global Movement
- ILN Firm of the Month – Lee and Li, Attorneys-at-Law, Taiwan!
- Lawyers: What’s the One Thing that Makes Clients Care About Your Content?
- Rainmaking Recommendation from Jaimie Field: Recommendations, Reviews, and Testimonials (Part 1): What’s the difference?
- Why Does Relationship Marketing Matter to Lawyers?
- Overcoming the Barriers to Collaboration