Title: Vermont Sample Letter for Intentions regarding Defense of Priority of Insured Mortgage Dear [Recipient's Name], I am writing this letter to express my intentions and assert the defense of priority of my insured mortgage on the property located at [Property Address], as outlined under Vermont State laws and regulations. Background: The mortgage in question was executed on [Date] between [Borrower's Name] (as the mortgagor) and [Lender's Name] (as the mortgagee), securing a loan of [Loan Amount]. The mortgage deed was duly recorded in the land records of [County Name], Vermont, on [Recording Date] as [Document Number]. Importance of Defense of Priority: The priority of a mortgage determines its ranking among other liens or encumbrances against the property. Protecting the priority of my insured mortgage ensures that it retains its position as the primary lien, safeguarding my financial interest and securing repayment rights. It helps maintain the integrity of the mortgage market and ensures a proper framework for subsequent loans against the property. Key Points to Highlight: 1. Satisfaction of Legal Requirements: I affirm that at the time of execution, all necessary legal formalities were fulfilled, including proper execution of the mortgage agreement, accurate identification of the mortgagor and mortgagee, and adherence to all relevant Vermont statutes and requirements for recording the mortgage. 2. Transparent Transaction: The mortgage was entered into willingly, with both parties understanding and agreeing upon the terms and conditions, reflecting a fair and equitable agreement. 3. Precedence over Subsequent Liens: The insured mortgage was recorded prior to any other known liens or encumbrances affecting the property. Its recorded position establishes it as the primary lien holder, enjoying protection against any subsequent liens or claims on the property unless otherwise agreed upon. 4. Preservation of Property Value: Defending the priority of my insured mortgage contributes to the overall stability and trustworthiness of the real estate market by reinforcing the confidence of lenders and investors. It helps maintain property values and ensures a proper framework for other financial transactions associated with the property. Conclusion: In light of the importance of maintaining the priority of my insured mortgage, I respectfully request your acknowledgment and support in defending and recognizing its position as the primary lien against the property located at [Property Address]. Any existing or future claims or disputes challenging the priority of this mortgage should be addressed promptly, adhering to the applicable Vermont laws and regulations. Thank you for your attention to this matter. I would appreciate a written confirmation of receipt and an update regarding any actions taken in response. Yours sincerely, [Your Name] Borrower.