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Under the caption TRANSFER OF RIGHTS IN THE PROPERTY and in Sections 3, 4, 10, 11, 12,

Under the caption TRANSFER OF RIGHTS IN THE PROPERTY and in Sections 3, 4, 10, 11, 12, 2025

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The document is a mortgage security instrument outlining the terms and conditions between a borrower and lender regarding a loan secured by real property. It defines key terms, responsibilities of both parties, payment obligations, insurance requirements, and procedures in case of default. The document also includes provisions for escrow items, assignment of rents, and the handling of miscellaneous proceeds related to the property. It emphasizes the borrower's obligations to maintain the property and comply with applicable laws while detailing the lender's rights to protect their interest in the property.

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2021	4.3 Satisfied (20 Votes)
2001	4 Satisfied (52 Votes)

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What is assignment of title insurance proceeds?

Assignment of Title Insurance Proceeds means that certain Assignment of Title Insurance Proceeds, dated as of the Closing Date, made by Borrower and Mortgage Borrower in favor of Administrative Agent, for the benefit of Lenders, and consented to by Title Company as the same may be amended, restated, replaced,

What is an assignment of proceeds?

Arrangement that allows the original beneficiary of a letter of credit to pledge or turn over proceeds to another, typically end supplier.

What is the transfer of the right title and interest in the property of one person to another called?

Property conveyance, often called the transfer of real estate, involves the legal procedure of changing property ownership from one person or entity to another.

What is the assignment of miscellaneous proceeds?

(a) Assignment of Miscellaneous Proceeds. Borrower is unconditionally assigning the right to receive all Miscellaneous Proceeds to Lender and agrees that such amounts will be paid to Lender. (b) Application of Miscellaneous Proceeds upon Damage to Property.

What is the meaning of miscellaneous proceeds?

(L) Miscellaneous Proceeds means any compensation, settlement, award of damages, or. proceeds paid by any third party (other than insurance proceeds paid under the coverages described.

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What is the deed of assignment of proceeds?

ASSIGNMENT OF RENTAL PROCEEDS The Assignor agrees to indemnify and holds the Assignee harmless from all loss, costs, claims, damages or liabilities whatsoever arising out of the performance, non-performance and/or failure of performance of the Assignors obligations under the Tenancy Agreements from time to time.

Under the caption TRANSFER OF RIGHTS IN THE PROPERTY and in Sections 3, 4, 10, 11, 12, 2025

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