Secured Debt Shall With A Sinking Fund In Hennepin

State:
Multi-State
County:
Hennepin
Control #:
US-00181
Format:
Word; 
Rich Text
Instant download

Description

The document is a Land Deed of Trust that establishes a secured debt with a sinking fund in Hennepin. It outlines the responsibilities and agreements between the Debtor, Trustee, and Secured Party concerning a debt secured by real property. Key features include the description of the debt, payment terms, and the conditions under which the Trustee may sell the property to recover the debt in case of default. The form requires accurate filling of personal information for all parties and specifics regarding the property and payment structure. It serves as a legal instrument ensuring that the Secured Party has a claim to the property should the Debtor fail to meet payment obligations. The document includes provisions for future advances, insurance requirements, and management of the property. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions or debt recovery. It clearly delineates rights, responsibilities, and procedures, making it easier for legal professionals to navigate complex debt arrangements.
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Six-year limitation.

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The holders of any temporary bonds shall have and may enforce, by mandamus or other appropriate proceedings, all rights respecting the levy and collection of taxes that are granted by law to holders of permanent bonds, except the right to require the levies to be collected prior to the maturity of the temporary bonds.

Under Minnesota law, the statute of limitations depends on the severity of the crime you face, ranging from 3 years to no limit. Any period which the defendant: does not usually reside in Minnesota. Participates in a pretrial diversion program related to the crime.

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Secured Debt Shall With A Sinking Fund In Hennepin