Term
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Definition
A 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 payment 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 the property, or other event which endangers the security of the loan. |
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Term
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Definition
| A contract that is made to provide security for the performance of an obligation. Suretyship, mortgage, pledge, and other types of security agreements are examples of this type of contract. La. C.C. art 1913. |
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Term
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Definition
| Acquiring title to additions or improvements to property as a result of natural growth, labor, the annexation of fixtures or the accretion of alluvial deposits along the banks of streams. La. C.C. art. 483, et seq. |
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Term
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Definition
| Any act or instrument in writing signed by the parties in the presence of two witnesses and then taken by the party(ies) or the witness(es) before a notary and two witnesses; the original act was signed out of the presence of the notary. |
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