A person shall, within the period prescribed by law for the commencement of an action on an obligation secured by a trust deed:
(1)
commence an action to foreclose the trust deed; or
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Terms Used In Utah Code 57-1-34
Deed: The legal instrument used to transfer title in real property from one person to another.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
