Suppose, with reference to the Nordstrom grant in #14, Nordstroms has pledged the property to First Interstate Bank to secure a $790,000 loan. Discuss what happens to the mortgage if Nordstrom violates the restriction
?The owner of a fee simple determinable has full right to pledge title to property but the mortgagee can take no greater interest than the fee simple determinable allows. First Interstate Bank takes subject to this risk and could lose its mortgage interest. Many mortgages have a clause prohibiting the mortgagor from violating the restriction so that it has protection.
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A company may consider outsourcing if it feels that its core mission does not involve managing an information systems unit and that it might achieve more effective computing by turning over all of its operations to a more experienced, computer-
oriented company. Indicate whether the statement is true or false
This payoff matrix gives potential dollar gain values in millions for strategies S1, S2, S3, and S4 for the Bent Fork National Bank and competitive strategies CA1, CA2, and CA3 for the Straight Spoon Bank
If Bent Fork is optimistic, which strategy will it choose? CA1 CA2 CA3 S1 3 24 17 S2 15 16 14 S3 8 19 10 S4 20 2 11 A) S1 B) S2 C) S3 D) S4