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After-Acquired Property Clause

loan mortgage security

A phrase in a mortgage (an interest in land that furnishes security for payment of a debt or performance

An example of how an after-acquired property clause might be used

of an obligation) that provides that any holdings obtained by the borrower subsequent to the date of the loan and mortgage will automatically constitute additional security for the loan.

After-Acquired Title [next] [back] Aforethought

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