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Case 2:24cv10853PDBDRG ECF No. 1, PageID.1 Filed 04/02/24 Page 1 of 107UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF MICHIGAN THERISA D. ESCUE, BILLY R. ESCUE, JR., KIM SCHELBE, and BRIAN

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How to fill out deed of substituted security

01

Obtain a blank deed of substituted security form.

02

Fill in the details of the original security agreement that is being replaced.

03

Include details of the new security being provided as a substitute.

04

Have all relevant parties sign the deed of substituted security.

05

Ensure the document is properly witnessed and notarized, if required.

Who needs deed of substituted security?

01

Individuals or entities that have previously entered into a security agreement and wish to replace or update the security being provided.

02

Lenders or creditors who require a formal document to acknowledge the substitution of security.

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What is deed of substituted security?

A deed of substituted security is a legal document that replaces an existing security interest with a new one, ensuring that the new security is used in place of the previous one.

Who is required to file deed of substituted security?

Typically, borrowers or property owners who wish to substitute their existing collateral with new collateral are required to file a deed of substituted security.

How to fill out deed of substituted security?

To fill out a deed of substituted security, one must provide details of the original security, the new substituted security, and relevant parties involved, along with obtaining necessary signatures and notarization.

What is the purpose of deed of substituted security?

The purpose of a deed of substituted security is to legally document the replacement of one security with another, ensuring that all parties are aware of and agree to the changes.

What information must be reported on deed of substituted security?

The information that must be reported includes the identification of the original security, details about the new security, information of the parties involved, and any terms related to the substitution.

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