§25.10 - Forms and Checklists (included on the CD Accompanying this deskbook)

• Jurisdiction: Washington

§25.10 FORMS AND CHECKLISTS (included on the CD accompanying this deskbook)

Form 25-1 Promissory Note for Commercial Real Estate Loans

Form 25-2 Schedule of Alternative Paragraphs for Note

Form 25-3 Deed of Trust for Commercial Real Estate Loan

Form 25-4 Construction Loan Agreement

Comment: The practitioner is cautioned that these forms are not intended for use in particular transactions without careful examination and adaptation to the intended terms and conditions of the actual transaction. As with any forms, legal counsel for the parties must take into consideration the specific terms to which the parties wish to agree. For example, the sample interest rate provisions do not cover every interest rate program in the market, nor do they illustrate every financial institution's definition for particular indexes, such as the prime rate or LIBOR. Similarly, the forms include loan terms that are common in the market but are the subject of varying treatment in federal and state courts. The draftsperson must be mindful of continuing changes in applicable law. For

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