Required Collateral. LENDER'S LIEN ON THE COLLATERAL DESCRIBED IN THE SECTION TITLED "PROJECT DESCRIPTION" MUST REMAIN IN A FIRST AND BEST LIEN POSITION.
Appears in 2 contracts
Sources: Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Shepherd's Finance, LLC)
Required Collateral. LENDER'S ’S LIEN ON THE COLLATERAL DESCRIBED IN THE SECTION TITLED "“PROJECT DESCRIPTION" ” MUST REMAIN IN A FIRST AND BEST LIEN POSITION.
Appears in 1 contract
Sources: Construction Loan Agreement (Shepherd's Finance, LLC)