PACT DE NON ALIENANDO

PACT DE NON ALIENANDO pact de non alienando (pakt dee non ay-lee-[schwa]-nan-doh). [Latin] Civil law. An agreement not to alienate encumbered (esp. mortgaged) property. ? This stipulation will not void a sale to a third party, but it does allow the mortgagee to proceed directly against the mortgaged property without notice to the purchaser. What …

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