Lightning Docs Updates 2.13.26

We have issued an update to the system that modified the following:

• Update to Missouri Notice: Missouri requires a notice to be provided regarding the unenforceability of oral or unexecuted agreements or commitments. (Missouri Rev. Stat. §432.047) This notice was previously provided in the Security Instrument but will now be provided in both the Loan and Security Agreement (following the Integration section) and the Note (in the Notice section). This is being updated to more closely follow the Missouri requirement of providing the notice with the Credit Agreement. 
• Additional language in our Lender’s Closing Instructions, Additional Requirements Section: The following language was added to the Additional Requirements section of the Lender’s Closing Instructions to clarify that the closing agent must satisfy all requirements identified in the title report:
  
  “All requirements listed in the Title Report, including, but not limited to, all items appearing on Schedule B, Part I, must be satisfied and may not appear as exceptions on the Title Policy.”
  
  This language will adjust to “Schedule C” for properties located in Texas.
• New Jersey Notary Acknowledgment Update: We have added a new option under the New Jersey notary acknowledgment for individuals. This will now be provided as an option in addition to the notary acknowledgment for an Entity in a Representative Capacity.