Interest and Secured Party.)

Interest and Secured Party.)

FIRST MORTGAGE — A legal document pledging collateral for a loan (See “mortgage”) that has first priority over all other claims against the property except taxes and bonded indebtedness. That mortgage superior to any other. priority over all other claims against the property except taxes and bonded indebtedness. That trust deed superior to any other. FISCAL CONTROLS — Federal tax revenue and expenditure policies used to control the level of economic