306.01
Uniform Commercial Code (UCC) Financing Statements
Requirements
You must:
- Ensure that the Security InstrumentSecurity InstrumentInstrument creating a lien or encumbrance on 1 or more Properties and securing the Loan Document obligations. creates a LienLienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. on all Personal PropertyPersonal PropertyFurniture, fixtures, equipment, and other tangible personal property located on or used in connection with the Property. .
- Ensure that the LienLienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. is a perfected first priority LienLienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind. .
- Assign each UCCUCCUniform Commercial Code security interest to Fannie Mae.