Secured Indebtedness – Unsecured Indebtedness

Custodian
Originator
Paper Documents
Warranty Deed Vaulted with
Filed of Record Custodian or
Destroyed Loan Originator
Security Instrument
Step x
Transferable
Filed of Record
Scan Record
Negotiable Note Copy

IN Holder MERS
Indorsee
Blank In
(Owner) Registry
(Holder) Due Course
Update
Owner Custodial Control

Holder
“Secured”
IN
Transferable
Blank Securitizer Securitizer
(Holder) Record

Registry
Update

IN
Transferable
Blank Depositor Depositor
(Holder) Record

Owner
Holder Registry
“Unsecured” Update

IN IN Blank Assignment Originator

Blank “Trustee” Of to Trustee Transferable
(Holder) (Holder) Mortgage
Trustee Record

Filed of Record
Registry
Invalid Chain
Of Perfection Update
“Chain of Title”
IN Paper Documents Transferable
Blank Trust Retrieved From Originators Custodian Trust
(Holder) Transferred to Law Firm/Legal Actions Record