(d) A lender may not exercise its option pursuant to a due-on-sale clause upon--, (1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property; (2) the creation of a purchase money security interest for household appliances; (3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) the granting of a leasehold interest of three years or less not containing an option to purchase; (5) a transfer to a relative resulting from the death of a borrower; (6) a transfer where the spouse or children of the borrower become an owner of the property; (7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property; (8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or (9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

I am a professional drummer/instructor/multimedia manager for three Music Education Schools in the greater Sacramento area as well as owning my own landscaping company.

Just think that you're competing with every other financial instrument for the money for the limited set of individuals who are accredited for the capital raise. 

Most memorable was years ago,, 6 plex, guy lived on 3rd floor,, fell off the wagon, his toilet busted water ran down thru the ceiling and damaged 2nd and 1st floor.. he threatened everyone in the building, LOUD music,, Numerous police calls,, all in about a weeks time.. then he threaten fire.. he was going to burn the place down..

I suggest using a Texas Instrument BAII financial calculator, much quicker for me.

They blast their ghetto music at volume 11.

Lots of people made a ton of money on that party, and yes, when the music stopped there were some who couldn't find a chair. 

The noteholder can go after the collateral itself (the property) since  believe that the note and security instrument survive the BK intact.

Brandon,Priority in title is determined by time of instrument recording and what, if anything, is prior in time to that event.  

Pittsfield is well situated via rail to Boston as well as NYC (and Albany).Pittsfields doing really well with Art and Culture/restaurants and its a key piece of the strategic plan, new minor league summer team run by the Bill Veeck group, lots of music and the downtown district appealing.