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Blanket Mortgage

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Blanket Mortgage
A mortgage that covers at least two pieces of real estate as collateral for the same mortgage.

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A $16 million new blanket mortgage for seven apartment buildings on Sound Second St.
A $16 million blanket mortgage for seven elevator buildings on South Second St.
The new blanket mortgage, issued by General Electric Capital Corporation, replaced previous financing by the Dime Savings Bank.
 
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