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Terms Used In 21 Guam Code Ann. § 29125

  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
particular form of certificate of title is required, but the same may be, subject to such changes as the case may required, substantially in the following form:
Territory of Guam, ss:
A. B. [State occupation and residence, giving street and lot number], Territory of Guam [if administrator, give the name of the deceased; if a minor give his age; if under other disability, state its nature], married to [name of husband or wife, or if not married so state], is the owner of an estate in fee simple [or as the case may be] in the following land [insert description contained in the decree]. Subject, however, to the estates, easements, liens, encumbrances and charges hereunder noted [in case of trust, condition, or limitation, say in trust, or upon condition, or with limitation, as the case may be].
1. Mortgage to………for the sum of
$………. dated………….payable …………after date, with interest at………..percent per ………..,
interest payable ………………..
2. Mechanics’ lien in favor of X. Y. for
$………… filed ………….
3. Assessment for improvement of…..
…………………. street, amount $………….. due
…………. [Any other encumbrances or
charges.]
In witness whereof, I have hereunto set my hand and cause my official seal to be affixed, this………….day of …………………………
SEAL
Registrar of Titles in and for the
Territory of Guam.
SOURCE: CC ‘1157.23.