306.01

Uniform Commercial Code (UCC) Financing Statements

Requirements

You must:

  • Ensure that the Security Instrument Security InstrumentInstrument creating a lien or encumbrance on 1 or more Properties and securing the Loan Document obligations. creates a Lien LienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. on all Personal Property Personal PropertyFurniture, fixtures, equipment, and other tangible personal property located on or used in connection with the Property. .
  • Ensure that the Lien LienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. is a perfected first priority Lien LienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. .
  • Assign each UCC UCCUniform Commercial Code security interest to Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! .