C.R.S. Section 38-39-106
Future advances

(1)

Any mortgage may, by its terms, secure future advances up to a total maximum principal amount expressly set forth in such mortgage. Such mortgage shall be effective to secure payment of all advances, both obligatory and optional, up to the stated maximum principal amount to the same extent and with the same effect and priority as if such total maximum principal amount had been fully disbursed on or before the date such mortgage was recorded.

(2)

Such mortgage shall also secure, to the same extent and with the same effect and priority, the following additional amounts regardless of whether such additional amounts, when added to the principal amount of the indebtedness, exceed the maximum principal amount stated in the mortgage:

(a)

All increases in the principal amount that result from negative amortization or the addition of deferred interest;

(b)

All disbursements made for the payment of taxes, levies, or insurance with respect to the property subject to the mortgage or made to protect such property from waste, damage, or abuse;

(c)

If the mortgage or evidence of debt secured by the mortgage so provides, all reasonable expenses associated with collection of the indebtedness or foreclosure of the mortgage; and

(d)

Interest on any of the items specified in paragraphs (a) to (c) of this subsection (2) in accordance with the terms of the mortgage or the evidence of debt secured by the mortgage.

(3)

Subsection (1) of this section shall not apply to any subsequent advance against a mortgage instrument after a mortgagee has initially advanced principal up to the maximum amount stated in the mortgage, unless the mortgage instrument clearly states that it was made pursuant to a revolving credit arrangement.

(4)

This section shall have no application to the priority of general mechanics’ liens arising pursuant to article 22 of this title, and the priority of such general mechanics’ liens with respect to a mortgage which secures future advances shall be determined without reference to this section.

(5)

As used in this section, unless the context otherwise requires, “mortgage” means a mortgage, deed of trust, or other instrument creating a lien on real property to secure the payment of an indebtedness.

Source: Section 38-39-106 — Future advances, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-38.pdf (accessed Oct. 20, 2023).

38‑39‑100.5
Definitions 38‑39‑101
Effect of deed of trust to private trustee - nature of obligation secured 38‑39‑102
When deed of trust shall be released - definitions 38‑39‑103
Effect of release or partial release before maturity of evidence of debt - release is good as to recitals 38‑39‑104
Satisfaction of mortgage 38‑39‑105
Removal of improvements from encumbered property 38‑39‑106
Future advances 38‑39‑107
Form of written request for release of a deed of trust with production of the evidence of debt 38‑39‑108
Form of written request for release of a deed of trust without production of the evidence of debt 38‑39‑109
When release of deed of trust is recorded 38‑39‑201
Liens not to run over fifteen years 38‑39‑202
Lien extended - method 38‑39‑203
No release necessary 38‑39‑204
Effect of notice of action on lien 38‑39‑205
Action to be brought within fifteen years 38‑39‑206
Does not extend any lien 38‑39‑207
Lien extinguished when action barred 38‑39‑208
Action within seven years when in possession 38‑39‑209
Mortgages to United States

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

C.R.S. Section 38-39-106 Future advances

(1)

(2)

(a)

(b)

(c)

(d)

(3)

(4)

(5)

C.R.S. Section 38-39-106
Future advances