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IMPOUNDS:
A trust type of account established by lenders for the accumulation
of borrower's funds to meet periodic payments of taxes,
mortgage insurance premiums, and/or future insurance policy
premiums, required to protect their security.
INDEMNITY:
Insurance against possible loss or damage. A title insurance
policy is a contract of indemnity.
INTESTATE:
Without leaving a will, or leaving an invalid will so that
the property of the estate passes by the laws of succession
rather than by the direction of the deceased.
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C D
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