What form will the mortgage be in that the Epcon Communities franchisee must execute?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a disclosure document dated April 11, 2025 that included the following Exhibits:
- A. Financial Statements for Epcon Communities Franchising, LLC
- B. Franchise Agreement
- C. Initial Market Area Agreement
- D. Market Area Agreement
- E. Personal Covenants and Agreement of Principal, Officer, Director, Owner, Investor or Partner
- F. Personal Covenants and Agreement of One Provided Detailed Knowledge of the Development System
- G. Market Hold Agreement
- H. Sublicense Agreement
- I. Lender Assignment Agreement
- J. Mortgage
- K. Non-Disclosure and On-Line Information Access Agreements
- L. Copyright Assignment and Agreement
- M. Security Agreement
- N. List of Franchisees
- O. List of State Administrators
- P. List of Agents for Service of Process
- Q. List of Copyrights
- R. Termination and Release Agreement
- S. Technology Royalty Addendum to Franchise Agreement
- T. State Addenda to the Franchise Disclosure Document and Agreements
- U. Receipt Page
Source: Item 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
According to the 2025 Epcon Communities Franchise Disclosure Document, Exhibit J lists a mortgage as one of the exhibits included in the disclosure document. However, the FDD does not specify the exact terms or conditions of the mortgage agreement itself.
While the FDD confirms that a mortgage agreement is a standard part of the franchising process, it does not provide details on the specific form or content. Prospective franchisees should carefully review Exhibit J, the actual mortgage document, to understand their obligations.
To fully understand the requirements, prospective Epcon Communities franchisees should ask the franchisor for a sample mortgage document and have it reviewed by a legal and financial professional. This will help them understand the financial implications and obligations associated with the mortgage.