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After acquired clause

A clause in a mortgage Contract specifying if the Mortgagor acquires additional mortgageable Property after the Mortgage is signed, such Property will be treated as additional Collateral for the mortgage.

Related Terms: 6 Contract, Collateral, ECI, Mortgage, Mortgagor, Property
Other Related Pages: Category: Real_Estate Starting With: A
Semi Related Terms: 314 CLICK HERE TO VIEW
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