225ec8c8_operty_3_Flashcards___Cram_com__rding_system__Brightline_rules
 A mortgage given to secure a loan that enables the debtor to acquire the encumbered land.  Super priority – after acquired collateral clause. Gives security interest in all real estate, whether now owned or hereinafter acquired.  Subordination agreement: allowed by private agreement a senior creditor may agree to subordinate its priority to a junior creditor.
purchase money mortgage
Real Property 3 Flashcards - Cram.com