blanket mortgage การใช้

• A builder, for example, might use a blanket mortgage to pay for construction of several homes in one neighborhood.
• With a blanket mortgage, a  release clause allows the sale of portions of the secured property and corresponding partial repayment of the loan.
• The remaining outstanding balance is adjusted accordingly, and the blanket mortgage continues phase by phase in that manner, until all houses are sold and the entire mortgage is repaid and retired.
• As a national factor, the Disconto-Gesellschaft lent its greatest support to industry through the promotion and financing of enterprises for the development of Germany's natural resources : the mining of coal and metals, smelting, iron and steel, potash, shipbuilding, electrical development, railways, fire and life insurance, etc . It assisted in the underwriting of the 10, 000, 000 thaler ( 30, 000, 000 marks ) 5 per cent loan for the Krupp Works, in 1874  the first instance in Germany of the issue of fractional form bonds secured by blanket mortgage and providing for common representation of the holders of these bonds.