AGN
Agreement Not to Transfer or Encumber
Sometimes a lender will secure a recorded agreement from a borrower not to sell. Because of possible claim that the agreement is an encumbrance, you must except to this Agreement.
Exception
AGNX01 STG
Exception Not to Transfer or Encumber
The lien or rights, if any, of the instrument recorded __________, given in connection with debt to _____________, which instrument provides that the land cannot be transferred or encumbered until the debt is paid in full.
Comment: Sometimes a lender will secure a recorded agreement not to sell from a borrower, instead of a mortgage. Because of a possible claim that the agreement is an encumbrance, you must except to this Agreement.
See Underwriting Manual