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Simple English definitions for legal terms

anaconda clause

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A quick definition of anaconda clause:

An anaconda clause is a type of clause found in a mortgage agreement that states that the mortgage secures all the debts that the borrower may owe to the lender at any time. This means that if the borrower takes on additional debt, it will also be secured by the mortgage. It is also sometimes called a Mother Hubbard clause or a dragnet clause. In an oil-and-gas lease, a Mother Hubbard clause can protect the lessee against errors in the description of the property by providing that the lease covers all the land owned by the lessor in the area. In court, a Mother Hubbard clause can be used to deny any relief not expressly granted in a specific ruling or judgment.

A more thorough explanation:

An anaconda clause, also known as a Mother Hubbard clause, is a provision in a mortgage or lease agreement that secures all debts or properties that the borrower or lessor may acquire in the future.

  • In a mortgage agreement, an anaconda clause may state that the property being mortgaged secures all debts that the borrower may owe to the lender, even if those debts are incurred after the mortgage is signed.
  • In an oil and gas lease, a Mother Hubbard clause may protect the lessee from errors in the description of the property by stating that the lease covers all land owned by the lessor in the area.
  • In a court ruling, a Mother Hubbard clause may be used to deny any relief not expressly granted in the ruling or judgment.

These examples illustrate how an anaconda clause can be used to provide additional security or protection for the lender, lessee, or court ruling. It ensures that any future debts or properties acquired by the borrower or lessor are also covered by the agreement.

amy | anacrisis

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11:11
Why is it taking so long for WashU to get back to me. Ppl are getting acceptances in a month or less
letsseehowitgoesnow
11:11
...
triplethread
11:11
@BookLover125: RETWEET
triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
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