General Hypothec law

[Жаннета]

Пожалуйста, помогите перевести.

Выражение встречается в следующем контексте:Vendor shall on the final deed warrant the understrict enjoyment and peaceful possession of the property to be sold pursuant to this agreement and for purpose shall grant to the Purchaser a General Hypotec on all the Vendor"s property........
The Purchaser undertakes not to reduce? or convert The General Hypotec to Special Hypotec and ////

Заранее спасибо

[Irisha]

Чтоб не своими словами, приведу статью из Black's Law Dictionary:

general hypothecation. A debtor's pledge to allow all the property named in the security instrument to serve as collateral and to be used to satisfy the outstanding debt