This Act makes provision with respect to deeds of trust in respect of land. Its purpose is to provide for a satisfactory method of securing the financing of improvements to real property by the United States of America acting through various agencies.A deed of trust is a conveyance of the freehold or leasehold interest in trust to secure an indebtedness or charge against real property conveyed, with or without a power of sale, vested in the trustee to sell according to the terms as set forth in the instrument. A deed of trust complying with the terms and conditions of this chapter shall be deemed as a lien or encumbrance upon real property. The Act makes provision, among other things, with respect to execution and (judicial) foreclosure of deeds of trust.
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Multiple waves of colonizers, each speaking a distinct language, migrated to the New Hebrides in the millennia preceding European exploration in the 18th century. This settlement pattern accounts for the complex linguistic diversity found on the archipelago to this day. The British and French, who settled the New Hebrides in the 19th century, agreed in 1906 to an Anglo-French Condominium, which administered the islands until independence in 1980, when the new name of Vanuatu was adopted.
Vanuatu is a parliamentary republic.