Common use of Security Deed Clause in Contracts

Security Deed. This conveyance is to be construed under the existing laws of the State of Georgia as a deed passing title, and not as a mortgage, and is intended to secure the payment of all sums secured by this Security Instrument. ▇▇▇▇▇▇▇▇ ACCEPTS AND AGREES to the terms and covenants contained in this Security Instrument and in any Rider signed by ▇▇▇▇▇▇▇▇ and recorded with it.

Security Deed. This conveyance is to be construed under the existing laws of the State of Georgia as a deed passing title, and not as a mortgage, and is intended to secure the payment of all sums secured by this Security Instrumenthereby. ▇▇▇▇▇▇▇▇ ACCEPTS AND AGREES to the terms and covenants contained in this Security Instrument and in any Rider signed executed by ▇▇▇▇▇▇▇▇ and recorded with it.