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In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan.. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.
A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance.
The site was purchased by Taconic Investment Partners and Denham Wolf Real Estate Services in January 2008 [46] for $32.5 million ($47.8 million in 2023); they invested another $37 million ($54.4 million in 2023) [note 2] on renovations. [47] Denham Wolf had a history of working with nonprofit and arts groups.
Find out which rare and collectible bills bank tellers are asked for most — plus how to request your own unique currency.
From stock market news to jobs and real estate, it can all be found here. ... House Where Brittany Murphy Died and Britney Spears Felt a Portal to Another Dimension for Sale for $18M.
The American Bank Note Company Building is a five-story building at 70 Broad Street in the Financial District of Manhattan in New York City.The building was designed by architects Kirby, Petit & Green in the neo-classical style, and contains almost 20,000 square feet (1,900 m 2) of space, with offices and residences on the upper floors.
Principally, these are documentary intangibles. For example, a promissory note is a piece of paper that can be touched, but the real significance is not the physical paper, but the legal rights which the paper confers, and hence the promissory note is defined by the legal debt rather than the physical attributes. [1]
Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. By extension, the word "banknote" is sometimes used (including by collectors) to refer more generally to paper money, but in a strict sense notes that have not been issued by banks, e.g. government notes, are not banknotes. [3]