Secured Debt Shall With A Sinking Fund In Pima

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

Description

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.


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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.

More info

The Trustee shall deposit moneys in the Second Mortgage Loan Account of the Program Fund as provided above. The Pima County Treasurer (hereinafter referred to as "the Treasurer") invests monies on deposit until the depositor withdraws the money.Debt Service Guaranty. A. The board of directors of an irrigation district may invest and reinvest all money belonging or credited to the district as a sinking fund. The following are guidelines applicable to the placement of. Pima County Community College District ("District") funds the. C. The directors shall provide a sinking fund to be applied to the redemption of bonds on or before their maturity. So long as there shall be held in the Debt Service Fund an amount sufficient to fully pay all. The debt service fund, or "sinking fund," contains the money used to make principal and interest payments on the bond. In the sinking fund, after deducting every claim they have against the.

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Secured Debt Shall With A Sinking Fund In Pima