Term
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Definition
| History of the title to property as revealed by the public records |
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Term
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Definition
| clause used in an installment note and mortgage which gives the lender the right to demand pay-ment in full upon the happening of a certain event, such as failure to pay an installment by a certain date, change of ownership without the lender's consent, destruction of property, or other event which endangers the security of the loan. |
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Term
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Definition
| when a contract is mde to provide security for the performance of an obligation. Suretyship, mortgage, pledge, and other types of security agreements are examples. |
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Term
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Definition
| Acquiring title to additions or improvments to property as a result of natural growth, labor, the annexation (seizure/takeover) of fixtures or the accretion (growth of layers of matter) of alluvial deposits (clay, silt sand and gravel) along the banks of streams. La. C.C. art. 483, et seq. |
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Term
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Definition
| an act in writing signed by the parties in the presence of two witnesses and then taken by the parties or witnesses to a notary and two witnesses; original act was signed outside of the notaries presence |
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