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STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF FLORIDA CONDOMINIUMS, TIMESHARES AND MOBILE HOMES IN RE: PETITION FOR ARBITRATION PINE RIDGE IV CONDOMINIUM ASSOCIATION,
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Paramount mortgage is a type of mortgage that has priority over other claims on a property in the event of default.
Lenders or financial institutions who provide the paramount mortgage are required to file it.
To fill out a paramount mortgage, the lender must provide details of the loan amount, interest rate, collateral, and terms of repayment.
The purpose of a paramount mortgage is to secure the lender's interest in the property and ensure repayment of the loan.
The paramount mortgage must include details of the property, borrower, loan amount, interest rate, repayment terms, and any other relevant information.
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