What alternative security instruments might Epcon Communities accept in lieu of a mortgage?

According to Epcon Communities' 2025 Franchise Disclosure Document, the specific form of mortgage or security instrument used will vary to comply with applicable state and local laws. This indicates that while Epcon Communities uses a mortgage as a standard security instrument, the actual document and requirements can change based on the jurisdiction of the franchisee.

This flexibility suggests that Epcon Communities is willing to work within the legal frameworks of different states, which could be beneficial for franchisees. However, the FDD does not specify what alternative security instruments, beyond a mortgage, Epcon Communities might accept.

Prospective franchisees should discuss with Epcon Communities what alternative security instruments are acceptable in their specific state or locality, and under what conditions those alternatives may be used. This is important for franchisees to understand their obligations and explore options that might be more suitable for their financial situation and business structure, while still complying with Epcon Communities' requirements.