12 Guam Code Ann. § 4310
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Terms Used In 12 Guam Code Ann. § 4310
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Proceeds from the Trust shall be for Interest Free Loans in participation with an underlying mortgage by GHC. The Interest Free Loans shall be subordinate to the underlying first mortgage by GHC but shall not be subordinate to any other debt or debenture.