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Where the registration of the establishment of a collective security (keun- mortgage) has been completed on real estate, with respect to which the registration of transfer of title has not been completed in the name of the purchaser, with a third party designated by the seller as the collective security holder and the seller as the debtor in order to secure the payment of the purchase price of the real estate, whether the registration of establishment of collective security (keun-mortgage) is void in violation of the appendent nature of the real right (jus in rem) granted by way of security (affirmative with qualification)
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