Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Secured Debt Any With A Sinking Fund In Houston
State:
Multi-State
City:
Houston
Control #:
US-00181
Format:
Word;
Rich Text
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FAQ
Sinking funds are in 'trust' for the scheme and should not be returned to lessees upon assignment, or at any time. Interest earned on funds should be added to the funds unless the lease states otherwise. If funds are held in 'trust' then a tax will be charged on the interest earned.
There's no limit to the number of sinking funds you can have, but the more you have, the longer it can take to hit each savings goal.