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| Negative Amortization |
| An actual increase in the principal amount of real estate loan because of the
addition of matured but unpaid interest to the loan balance. Usually the result of monthly payments which are temporarily
set at a lower than needed level. |
| Notary |
| One authorized to take acknowledgments. See "Acknowledgment." |
| Note |
| The instrument evidencing the indebtedness secured by a security instrument such as a mortgage
or deed of trust. |
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| Note: The terms contained on this website are defined in their most commonly used form. Should
more precise interpretations of these terms be necessary, we advise you to seek the counsel of an attorney. |
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