Prior lien.

Prior lien. A security instrument (such as a mortgage or deed of trust) or a judgment which was of public record before the Rural Development security instrument as well as real estate taxes or assessments which are or will become a lien against the property which is superior to Rural Development's security instrument(s).

Source

7 CFR § 1955.3

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Scoping language

As used in this subpart, the following definitions apply:

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