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When a lender finances a coop purchase there is an Aztech Recognition Agreement. The lender agrees to recognize and give the coop corporation the first lien on the unit. Three copies are signed by lender, purchaser, and coop board. In other words the coop gets their maintenance that is in arrears before the lender can foreclose when someone defaults on their loan.

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What is the abstract noun recognize?

The abstract noun forms for the verb recognize are recognition and the gerund, recognizing.


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Your lender can answer this question for you, with specifics.


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