Examples of Loan secured by real property in a sentence
Loan secured by real property" means that 50% or more of the aggregate value of the collateral used to secure a loan or other obligation, when valued at fair market value as of the time the original loan or obligation was incurred, was real property.[PL 1997, c.
Loan secured by real property – A loan or other obligation of which fifty percent (50%) or more of the aggregate value of the collateral used to secure the loan or other obligation, when valued at fair market value as of the time the original loan or obligation was incurred, was real property.
From time to time, to the extent any Pledged Loan secured by real property ceases to be a Pledged Loan pursuant to the Bond Loan Agreement, the Assignor shall record in the land and chattel records, as applicable, a Termination of Notice, in substantially the form set forth in Exhibit B-2 attached hereto and the Assignee shall duly countersign same.
In connection with any Pledged Loan secured by real property, the Assignor shall record in the land and chattel records, as applicable, contemporaneously with (or as soon as practicable following) the granting of a security interest to the Assignee with respect to each Pledged Loan, a notice of the Assignee’s rights hereunder, in substantially the form set forth as Exhibit B-1 attached hereto.
Some commenters expressed the view that the prescription length should be longer.
Each Pledged Loan secured by real property to which a Manufactured Home is affixed will create a valid Lien on that Manufactured Home that will have priority over any other Lien on the Manufactured Home, whether or not arising under applicable real property law.
Loan secured by real property ±A loan or other obligation of which fifty percent (50%) or more of the aggregate value of the collateral used to secure the loan or other obligation, when valued at fair market value as of the time the original loan or obligation was incurred, was real property.
Loan secured by real property'' means that 50% or more of the aggregate value of the collateral used to secure a loan or other obligation, when valued at fair market value as of the time the original loan or ob- ligation was incurred, was real property.
Loan secured by real property" means that 50% or more of the aggregate value of the collateral used to secure a loan or other obligation, when valued at fair market value as of the time the original loan or obligation was incurred, was real property.[ 1997, c.