Adding a new property as additional collateral to an existing loan.
I have an existing Note (Note 1) secured by a deed of trust in California on a SFR (property 1).
The borrower has agreed to bring in additional property (Property 2)as a collateral after Note 1 is completed as a cross collateral.
I will be recording a deed of trust as a cross collateral on property 2.
How could I amend the Note 1 so that It becomes a cross collateral note secured by property 1 and property 2 ?