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 Travis
State:
Multi-State
County:
Travis
Control #:
US-00181
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Word;
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Sinking funds are financial strategies that operate through regular contributions, allowing organisations to accumulate a specific amount by a predetermined date, usually for repaying debt or funding significant purchases.
A sinking fund, also known as a reserve fund, is a separate fund set up on behalf of the homeowners to cover routine/unforeseen repairs and major works on common areas of the property.
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.
Tax-supported Debt is backed by a pledge of property taxes levied within the issuer's boundaries. Some tax-supported debt may be secured by a combination of property taxes and other revenue sources.
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"Debt Service Fund" means the interest and sinking fund confirmed in this. Resolution. "District" means Travis County Municipal Utility District No. 10.The debt service portfolio means all interest and sinking funds. (c) A board interest and sinking fund established under this section may be used for any purpose related to the student loan program. The Bonds are not payable from funds raised or to be raised from taxation, or any other revenue or funds of TCDA or the County.