434                                               LAWS OF MARYLAND                                     Ch. 8

"RECORDATION TAX" MEANS THE TAX IMPOSED UNDER THIS TITLE.

REVISOR'S NOTE: This subsection is new language added to
avoid repetition of phrases such as "the tax imposed
under this title".

(E)  SECURITY AGREEMENT.

(1)  "SECURITY AGREEMENT" MEANS AN AGREEMENT THAT
CREATES OR PROVIDES FOR A SECURITY INTEREST.

(2)  "SECURITY AGREEMENT" INCLUDES A FINANCING
STATEMENT FILED UNDER THE MARYLAND UNIFORM COMMERCIAL CODE TO
PERFECT A SECURITY INTEREST.

REVISOR'S NOTE: This subsection is new language added to
clarify the scope of a security agreement.                         

Defined terms: "Includes"; "including" § 1-101
"Security interest" § 12-101

(F)  SECURITY INTEREST.

(1)  "SECURITY INTEREST" MEANS AN INTEREST IN REAL
PROPERTY OR PERSONAL PROPERTY THAT SECURES PAYMENT OR PERFORMANCE
OF AN OBLIGATION.

(2)  "SECURITY INTEREST" INCLUDES A LIEN OR
ENCUMBRANCE ON REAL PROPERTY OR PERSONAL PROPERTY.

REVISOR'S NOTE: This subsection is new language added to
clarify the broad scope of interests that can be
classified as security interests.

See § 1-201(37) for the definition of "security
interest" in the Maryland Uniform Commercial Code.

Defined terms: "Includes";"including" § 1-101
"Real property" § 1-101

(G) SUPPLEMENTAL INSTRUMENT OF WRITING.

(1) "SUPPLEMENTAL INSTRUMENT OF WRITING" MEANS AN INSTRUMENT
OF WRITING THAT CONFIRMS, CORRECTS, MODIFIES, OR SUPPLEMENTS :

(1) A A PREVIOUSLY RECORDED INSTRUMENT OF WRITING
OTHER . THAN AN INSTRUMENT OF WRITING THAT SECURES A DEBT, IF
THERE IS NO ACTUAL CONSIDERATION PAYABLE FOR THE NEW INSTRUMENT
OF WRITING; OR

(2) A PREVIOUSLY RECORDED INSTRUMENT OF WRITING THAT

(2) "SUPPLEMENTAL INSTRUMENT OF WRITING" INCLUDES AN
INSTRUMENT OF WRITING THAT SECURES A DEBT AND TRANSFERS PROPERTY
OR GRANTS A SECURITY INTEREST IN PROPERTY IN ADDITION TO OR IN