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Published byTrey Cooks Modified over 9 years ago
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Parties to a Mortgage Loan of Funds Security Interest in Real Property Owner-Debtor Borrower (“Mortgagor”) Creditor-Lender (“Mortgagee”)
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Parties to Note and Deed of Trust Loan of Funds Security Interest in Real Property Owner-Debtor Borrower (Trustor) Creditor-Lender (Beneficiary) Trustee Legal Title Upon default, Creditor exercises rights to take property
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Two-Party Secured Transaction Loan or Sale of Goods on Credit “Security Interest” in the Goods and/or other personal property of Debtor Borrower-Debtor Seller-Lender “Secured Party”
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Three-Party Secured Transaction Sale of Goods Buyer-DebtorSeller Lender-Creditor “Secured Party” “Security Interest” in the Goods Loan of Funds $$$ $$$
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