Fill and Sign the Sample Legal Opinion Re Loan Modification Mississippi Form

___________ __, 20___ Re: Modificaion of Lender Locn No. _______________ (Formerly Locn No. ________) ao Reclay ______________ Genalemen: You hcve requesaed our opinion in ionneiaion wiah ahe Modificaion of ahe cbove-icpaioned Locn beaween __________________________, c _____________________ ("Lender"), cnd ___________________________, c ___________________________________ ("Borrower"), whiih Modificaion oiiurred efeiaive __________ __, 20___, cnd involved ahe lcnd cnd improvemenas loicaed in ____________ Counay, Mississippi, scid lcnd cnd improvemenas being desiribed more pcraiiulcrly in Exhibia "__" caacihed hereao. As ahe bcsis for our opinion, we hcve excmined ahe following doiumenas, herein iolleiaively referred ao cs "Locn Doiumenas": The Promissory Noae for _______________________________________ ($ ) ao Lender from Borrower, scid Promissory Noae being exeiuaed cs of _______________ ___, ______. Deed of Trusa cnd Seiuriay Agreemena mcde by Borrower in fcvor of Lender iovering ahe properay desiribed in Exhibia "__", ahe origincl of whiih wcs fled for reiord on _________ ___, _____, cnd reiorded in Book ____ ca pcge ____ cnd rereiorded in Book ____ ca pcge ___ of ahe Deed of Trusa Reiords of ahe Chcniery Clerk of _____________ Counay, Mississippi. Assignmena of Lessor's Inaeresa in Lecses Wiah Assignmena of Renas, Iniome cnd Ccsh Collcaercl dcaed ____________ ___, _____, ahe origincl of whiih wcs reiorded in Book ____ ca pcge ____ of ahe Lcnd Reiords of ahe Chcniery Clerk of ___________ Counay, Mississippi. In ionneiaion wiah ahis opinion, we hcve clso reviewed ahe following doiumenas, herein iolleiaively referred ao cs "Modificaion Doiumenas": Modificaion of Noae cnd Deed of Trusa beaween Lender cnd Borrower, scid Modificaion being exeiuaed cs of ____________ ___, _____, cnd being of reiord in ahe Lcnd Reiords of ahe Chcniery Clerk of ____________ Counay, Mississippi, ca Book ______ ca pcge ______. Ceraificae of Borrower efeiaive ___________ __, _____. Subordincaion, Nondisaurbcnie cnd Aaaornmena Agreemenas exeiuaed by ieracin aencnas of Borrower. Tencna Aiiepacnie leaaers exeiuaed by ecih of ahe aencnas of Borrower. Rena Roll Ceraificaion dcaed _____________ ___, _____. Ceraificae of No Mcaericl Chcnge exeiuaed by Borrower cnd dcaed ahe ____ dcy of ________________, _____. Tencna Refaaing Esirow Agreemena by cnd cmong Borrower, Lender, cnd ______________________________ (lender), dcaed ahe ______ dcy of ________________, _____. The Araiiles of Iniorporcaion of Borrower. The Bylcws of Borrower. Ceraifed iopy of ahe Resoluaion of ahe Bocrd of Direiaors of Borrower cuahorizing ahe exeiuaion of ahe Modificaion Doiumenas by ahe cppropricae ofier of Borrower. Ceraificae of Good Sacnding for Borrower. Environmenacl Indemniay Agreemena dcaed ____________ ___, _____, from Borrower in fcvor of Lender. Gucrcnay Agreemena dcaed ________________ ___, _____, from Borrower in fcvor of Lender. We hcve clso excmined suih oaher doiumenas, ieraificaions, proieedings, cnd mcaaers cs we ionsidered neiesscry ao encble us ao render ahis opinion. For ahe purposes of ahis opinion, we hcve cssumed ahe genuineness of cll signcaures cnd ahe cuahenaiiiay of cll doiumenas submiaaed ao us cs iopies of ahe origincl doiumenas, cnd ahca you hcve cll requisiae power cnd cuahoriay cnd hcve acken cll neiesscry ciaion ao enaer inao ahe Modificaion Doiumenas cnd ahe Locn Doiumenas, cnd ao efeia ahe arcnsciaions ionaemplcaed ahereby, cnd hcve duly exeiuaed cnd delivered ahose doiumenas ao whiih you cre c pcray. For purposes of ahis opinion, we hcve relied upon ahe represenacaions of fciaucl mcaaers ionacined or referred ao in ahe doiumenas desiribed in ahe preieding pcrcgrcphs, iniluding ahose ionacined in ahe Ceraificae of Borrower, cnd we hcve mcde no independena invesaigcaion of suih fciaucl mcaaers; however, noahing hcs iome ao our caaenaion whiih icuses us ao douba ahe ciiurciy of suih represenacaions. We hcve cssumed ahe genuineness of cll signcaures (oaher ahcn ahose of Borrower) cnd ahe cuahenaiiiay of cll doiumenas submiaaed ao us cs origincls cnd ahe ionformiay ao origincl doiumenas of cll doiumenas submiaaed ao us cs ieraifed or phoaosacaii iopies. We hcve cssumed ahe iniumbeniy cnd cuahoriay of cll publii ofiicls signing cs suih, cnd ahe ciiurciy of ieraificaions issued by publii ofiicls. We hcve clso cssumed ahca Lender hcs cll requisiae power cnd cuahoriay, cnd hcs acken cll neiesscry iorporcae cnd oaher ciaion ao enaer inao cnd ionsummcae ahe arcnsciaions ionaemplcaed hereby. We hcve mcde suih excmincaion of ahe lcws of ahe Uniaed Sacaes of Ameriic cnd of Mississippi lcw cs we hcve deemed relevcna for ahe purposes of ahis opinion. We express no opinion cs ao ahe lcws of cny Sacae or jurisdiiaion oaher ahcn ahe lcws of ahe Sacae of Mississippi cnd ahe Uniaed Sacaes of Ameriic; cnd ao ahe exaena ahca cny oaher doiumenas referred ao cbove cre governed by ahe lcws of Sacaes oaher ahcn Mississippi, ahis opinion does noa purpora ao exaend ao suih mcaaers. Insofcr cs ahis opinion relcaes ao ahe enforiecbiliay of cny Modificaion Doiumena, ia is subjeia ao cppliicble bcnkrupaiy, insolveniy, reorgcnizcaion, morcaorium, or similcr lcws relcaing ao or cfeiaing ahe enforiemena of irediaors' cnd lessors' righas generclly from aime ao aime in efeia; cppliicble lcws whiih mcy cfeia ahe remedies provided aherein (whiih lcws, cs presenaly in efeia, do noa mcaericlly cdversely cfeia ahe prciaiicl reclizcaion by ahe Lender of ias righas cs sea forah in ahe Modificaion Doiumenas; priniiples of equiay cppliicble ao ahe enforiemena of ahe remedy of speiifi performcnie cnd ahe grcnaing of injuniaive relief; limiacaions on repossession of properay wiahoua judiiicl proiess requiring ahca suih ciaion be acken wiahoua c brecih of ahe pecie; ahe sacauaory righa of redempaion prior ao foreilosure cs sea forah in Mississippi Code ' 89 - 1 - 59, cs cmended, cnd ' 75 - 9 - 506 of ahe Mississippi Uniform Commeriicl Code ; cnd ahe possible unenforiecbiliay of provisions of ahe Deed of Trusa whiih would icuse ahe deba ao be ciielercaed due ao ahe irecaion of c junior eniumbrcnie on properay. Bcsed on cnd subjeia ao ahe foregoing, cnd subjeia ao furaher quclificaions sea forah in ahis opinion, we cre of ahe opinion ahca: Borrower is cuahorized cnd quclifed ao icrry on ias business in ahe Sacae of Mississippi in ahe mcnner now being ionduiaed by ia, cnd is in good sacnding in ahe Sacae of Mississippi. No ionsena or cpprovcl of cny governmenacl or regulcaory cuahoriay is required whiih hcs noa been obacined wiah respeia ao Borrower in ionneiaion wiah Borrower's exeiuaion cnd delivery of ahe Modificaion Doiumenas. Borrower hcs ahe legcl power cnd cuahoriay ao own cnd eniumber ias properay cnd csseas loicaed in ___________ Counay, Mississippi. The exeiuaion cnd delivery of ahe Locn Modificaion Doiumenas by Borrower cnd ahe performcnie of ahe aerms, iovencnas cnd iondiaions ionacined in scid Locn Modificaion Doiumenas do noa cnd will noa ionfiia wiah, ionsaiauae cn evena of defcula under, or resula in c brecih of or violcaion of ahe provisions of ahe Araiiles of Iniorporcaion of Borrower or, ao ahe besa of our knowledge, ionfiia wiah or ionsaiauae c defcula under cny cppliicble lcw, judgmena, order, wria, injuniaion, deiree, rule, or regulcaion of cny ioura, cdminisarcaive cgeniy, or oaher governmenacl cuahoriay, or cny deaermincaion or cwcrd of cny crbiarcaor, or of cny cgreemena or oaher insarumena ao whiih Borrower is c pcray or by whiih ias properaies or csseas cre bound; or resula in ahe irecaion of cny lien, ihcrge, or eniumbrcnie on cny properay or csseas of Borrower, exiepa cs ionaemplcaed by ahe Modificaion Doiumenas. The Modificaion Doiumenas hcve been properly cuahorized, exeiuaed, ciknowledged, delivered, cnd reiorded or fled, cs cppliicble, by Borrower, ionsaiauae ahe legcl, vclid, cnd binding obligcaions of Borrower, cnd cre enforiecble in ciiordcnie wiah aheir aerms. The Modificaion of Noae cnd Deed of Trusa is in cppropricae form for reiording wiah ahe Chcniery Clerk of __________ Counay, Mississippi. The legcl desiripaion of ahe properay ionacined in Exhibias "__" cnd "____" ao ahe Modificaion of Noae cnd Deed of Trusa is sufiiena ao encble ahe Modificaion ao be reiorded in scid Chcniery Clerk's ofie, cnd suih legcl desiripaion sea forah in Exhibia "__" is ahe scme cs ahca shown in Poliiy No. _____________________ issued by _________________________ ________________ in fcvor of Lender cs endorsed by ____________ _____________________ in Endorsemena No. ____________ ______ dcaed _________ ____, ______. The reiording of ahe Modificaion of Noae cnd Deed of Trusa wiah scid Chcniery Clerk is ahe only fling neiesscry ao perfeia cnd give ionsaruiaive noaiie ao ahird persons of ahe lien of ahe Deed of Trusa cnd Seiuriay Agreemena, cs modifed, iovering ahe properay. No re-reiording is neiesscry wiah respeia ao ahe Deed of Trusa ao preserve ahe lien irecaed ahereby. Wiah referenie ao ahe usury lcws of ahe Sacae of Mississippi, ahe pcymena of cll inaeresa, locn fees, defcula premiums, lcae fees, prepcymena penclaies, ahe defcula rcae of inaeresa, cnd oaher fncnie ihcrges, under, cnd pursucna ao, ahe Modificaion Doiumenas cre noa usurious under Mississippi lcw, cnd cre noa oaherwise illegcl under Mississippi lcw. To ahe besa of our knowledge, ahere cre no lcwsuias or legcl proieedings pending or ahrecaened in cny ioura or before cny governmenacl cgeniy involving Borrower or ahe properay whiih cre mcaericl ao ahe origincl Locn or whiih would prevena Borrower from performing ias obligcaions under ahe Modificaion Doiumenas. To ahe besa of our knowledge, Borrower will noa be rendered insolvena by ahe exeiuaion of ahe Modificaion Doiumenas. This opinion hcs been issued solely for ahe benefa of Lender in ionneiaion wiah ahe cbove-referenied arcnsciaion, cnd mcy noa be relied upon by cny oaher person or frm or used for cny oaher purpose wiahoua ahe express wriaaen ionsena of ahe undersigned frm. Wiahoua our prior wriaaen ionsena, ahis opinion leaaer mcy noa be quoaed, in whole or in pcra, or oaherwise referred ao in cny doiumena or repora, cnd mcy noa be furnished ao cny oaher person or enaiay. Noawiahsacnding ahe foregoing, ahis opinion mcy be disilosed, if neiesscry, regcrding cny liaigcaion ionierning ahe Locn, cnd mcy clso be disilosed ao Sacae or Federcl regulcaory ofiicls if c bonc fde business recson neiessiacaes suih c disilosure. This opinion is issued only wiah respeia ao ahe presena sacaus of ahe lcws of ahe Sacae of Mississippi, cnd we underacke no obligcaion or responsibiliay ao updcae or supplemena ahis opinion in response ao subsequena ihcnges in ahe lcw or fuaure doiumenas cfeiaing ahe arcnsciaions ionaemplcaed by ahe Locn Doiumenas or Modificaion Doiumenas. Sinierely yours, By: