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A short form mortgage shall set forth the date on which it is executed, the names of the parties thereto, the amount of the indebtedness secured or to be secured thereby, the description of the real property mortgaged as security for the indebtedness, and a statement incorporating by reference the general provisions,
Definition of Master Mortgage The Master Mortgage is a document created when a property is purchased for the first time. It is filed in the public land records and its purpose is to keep track of the initial mortgage and of any liens that might be associated with the property.
Noun He will have to take out a mortgage in order to buy the house. They hope to pay off the mortgage on their home soon. Verb She mortgaged her house in order to buy the restaurant.
Mortgage dates back to the late 14th century, with the roots mort meaning death in French and gage meaning pledge. While that literally makes a mortgage a death pledge, its not as eerie as it sounds.
A short form title insurance policy is a type of lenders title insurance. It recognizes that not all real estate purchases are created equal, which is to say multi-million dollar transactions require far more paperwork and thoroughness than those involving small homes.
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Fannie Mae is now the mortgagee or beneficiary under the Security Instrument. C. Fannie Mae is the successor-in-interest to Prior Lender under the Loan Agreement, the holder of the Note and the mortgagee or beneficiary under the Security Instrument.

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