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mortgagor

NOUN
  1. the person who gives a mortgage in return for money to be repaid
    we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home

How To Use mortgagor In A Sentence

  • Those duties were imposed to ensure that a mortgagee is diligent in discharging his mortgage and returning the property to the mortgagor.
  • In practice the mortgagor will usually remain in possession of the property.
  • Because section 106, on a first reading, suggests to me that a mortgagor not in default is entitled simply to lease land and that the mortgagee cannot prevent…
  • However an assignment by way of mortgage - where there is an outright transfer to the assignee mortgagee with the assignor mortgagor having the right to have the debts reassigned to him on redemption - is within the section.
  • In certain cases, a prior mortgagee may make further advances to the mortgagor which will rank in priority to subsequent mortgages.
  • In the event that the Mortgagor is successful in the claim referred to in the agreement then no interest is payable hereunder so long as the mortgagor complies with the terms of the agreement.
  • In this regard it is noted that Mr. Beattie obtained the property on default of the mortgagor, Moore.
  • n been sold under a contract of conditional sale reserving title poss°s'sfon in the vendor, may be attached as if unencumbered; and the mortgagee, pledgee, lienor or conditional vendor, or his assigns, may be summoned in the same action in which the property is attached as the trustee of the mortgagor, pledgor, lienee or conditional vendee, or his assigns, to answer such Acts and resolves passed by the General Court
  • All loans shall be for a time fixed and for Duration of not more than one year, and the mortgagor or pledgor ledemptfou ol property, etc. Acts, 1903. — Acts and resolves passed by the General Court
  • That term refers to the lender; the borrower is actually the “mortgagor.” Letters to the Editor
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