For more information, see the SEC`s Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission. “Fiduciary deed” means any trust deed, hypothec, bond or other instrument entered into after 1 July 1982 in which ownership of immovable property in the Commonwealth is transferred, transferred, encumbered or pledged to secure the payment of money, including advances or other loan extensions to be made in the future. C. From the effective date and time of registration of a trust deed, the lien shall prevail (i) in respect of any other deed, transfer or other written deed, transfer or contract that has not been registered at the time of registration and of which the beneficiary has no knowledge or knowledge, and (ii) with respect to judgment privileges subsequently filed; except in the cases provided for in Subsection D. This priority extends to any advance or other credit extension granted after the trust deed has been registered on the line of credit. Outstanding amounts, as well as interest and other items provided for in § 55.1-320, continue to prevail until they are paid or reduced. Mechanic privileges created under Title 43 continue to have the same priority as this Title. Security rights in the purchase price of goods and furnishings take the same precedence as in Title 8.9A, Part 3, Subsection 3 (§ 8.9A-317 et seq.).
Please report your traffic by updating your user agent to include company-specific information. D. Notwithstanding the provisions of paragraphs A, B and C, if a judgement creditor notifies the registered beneficiary in writing at the address indicated in the trust indenture, the judgement creditor shall not prevail in respect of that judgment in respect of loan advances or extensions made under such a trust deed on or after the day after receipt of such notice, with the exception of those: which have been carried out unconditionally. and irrevocably obliged before that date. F. The settlor may at any time request an amendment to the trust deed, under which any precedence over subsequently registered trust deeds with respect to future advances or other loan extensions whose advances or credit extensions are at the discretion of the party secured by the trust deed. By using this website, you agree to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts to upload or modify information, or otherwise cause damage, including attempts to deny service to users. Unauthorized attempts to upload information and/or modify information to any part of this website are strictly prohibited and subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C §§ 1001 and 1030). G. Notwithstanding the provisions of paragraphs A, B and C, if an escrow deed under this section is a subordinated hypothec within the meaning of Division A of Subsection A of section 55.1-319, the line of credit retains the same subordinated position in respect of the refinancing hypothec as with the previous hypothec when taking out a refinancing hypothec within the meaning of Subdivision A of Division A. within the meaning of subsection A of § 55.1-319, provided that the refinancing hypothec meets the requirements of § 55.1-319.
Note that this policy may change if the SEC manages to SEC.gov to ensure that the site operates efficiently and remains available to all users. E. In addition to the language referred to in Subdivision B, the trust deed for lines of credit shall contain the name of the beneficiary and the address to which communications may be sent by mail or served on the beneficiary. That name or address may be changed or modified only by a duly registered document issued by the beneficiary. If the security or debt secured by the trust deed is assigned or transferred, the name and address of the new beneficiary may be indicated in the transferable certificate in accordance with § 55.1-336. That name or address of origin, or, if amended, that name or address, shall be the address for delivery of the communications provided for in this Section. Receipt of the notification at that address shall be deemed to have been received by the beneficiary. 55-58.2. Definition of trust deed; relative priority of the line of credit of the trust deed and other judgment instruments. B.
A trust deed must include the words “THIS IS A TRUST DEED” on the title page, either in capital letters or underlined terms. This wording is intended to inform all parties that advances or other loan extensions must be made or are contemplated from time to time based on the guarantee described in the trust indenture. This trust deed specifies the maximum total amount of the principal amount to be guaranteed. “Beneficiary” means the bondholder, the lender or one or more other parties identified as secured in the trust deed. In the case of a trust deed that identifies a party acting as an agent for a lender or a party secured by a trust deed, that agent is the beneficiary for the purposes of this section … (1982, c. 230; 1983, c. 124; 1984, c. 19; 1989, c. 346; 1997, c. 205; 2000, c.
971.). . If a user or application submits more than 10 requests per second, other requests from the IP address may be limited for a short time. Once the request rate has fallen below the threshold for 10 minutes, the user can continue to access the content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or should not affect individuals browsing the site SEC.gov. .