Without a subordination clause, loans take chronological priority. This means the oldest loan becomes the primary loan, with first call on the proceeds of a foreclosure sale. However, when a homeowner refinances his first mortgage, the lien priority changes. Refinancing cancels the loan and writes a new one.
Trenton, North Carolina. Trenton is a town in Jones County, North Carolina, United States. The population was 287 in 2010. It is the county seat of Jones County. Trenton is part of the New Bern, North Carolina Micropolitan Statistical Area.
Trenton is one of two state capitals that border another state â the other being Carson City, Nevada. Trenton borders Ewing Township, Hamilton Township and Lawrence Township in Mercer County; and Falls Township, Lower Makefield Township and Morrisville in Bucks County, Pennsylvania across the Delaware River.