12 Guam Code Ann. § 4506
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Terms Used In 12 Guam Code Ann. § 4506
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Any prepayment of a loan, which prepayment shall be at the option of the borrower, under any of the programs authorized by this Chapter, shall be applied to the first or second mortgage, at the option of the borrower.