Junior Mortgage Collateral

Example Definitions of "Junior Mortgage Collateral"
Junior Mortgage Collateral. Any Collateral, whether now or hereafter acquired, that consists of a promissory note that the maker secures with a mortgage or deed of trust of real property and that is subject to a lien inferior in priority to one or more mortgages or deeds of trust, together with all rights of the holder of such note under all documents pertaining to such note, mortgage or deed of trust, and mortgaged or conveyed property, and the proceeds, replacements, and products thereof whether now or hereafter... acquired. View More
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