Mortgage Legal Definition Of Mortgage

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Posted on January 14, 2019 at 18:31 PM



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Mortgage | legal definition of Mortgage by Lawinsider.com
Mortgage means a mortgage, security agreement, or other document under which property is mortgaged, encumbered, pledged, or otherwise rendered subject to a lien for the purpose of securing the payment of money or the performance of an obligation.
Mortgage legal definition of mortgage.
A mortgage is a security in real property held by a lender as a security for a debt, usually a loan of money. A mortgage in itself is not a debt, it is the lenders security for debt.
Leasehold Mortgage Law and Legal Definition | USLegal, Inc.
Leasehold Mortgage is a mortgage secured by a lessee's leasehold interest. Often, this type of mortgage is helpful in providing the resources needed to erect a building or series of buildings on the leased land.

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