Quimbee logo
DMCA.com Protection Status

Agreement Not to Sell or Encumber Real Property

Definition

A debtor's covenant, commonly used instead of a mortgage and in conjunction with small and otherwise unsecured loans, ensuring that the subject property will be available for levy and execution should the creditor reduce the debt to judgment.

Related Rules


Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.

Tahoe National Bank v. Phillips