Mortgagee - Law Dictionary Search Results
Title, Covenants for
settlement by a person expressed to convey as settlor; and against incumbrances in a conveyance by a trustee, mortgagee, etc., expressed to convey as trustee, mortgagee, personal representative, committee or receiver of a person of unsound mind
Puisne mortgage
This amounts to notice, but even this notice will not prevent tacking on further advances by a prior mortgagee if that mortgagee has not seen the register at the date of the first advance or has no
Pawn or Pledge
distinguishable from a mere pledge or pawn. By a mortgage the whole legal title passes conditionally to the mortgagee; and if the goods be not redeemed at the stipulated time, the title becomes absolute at law although
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Merger
estate of freehold. Under s. 88 of the (English) Law of Property Act, 1925, a foreclosure by a mortgagee will merge the mortgage term into and vest the fee simple in the mortgagee subject to any prior
Equitable mortgage
Equitable mortgage, a mortgage under which the mortgagee does not get the legal estate. The following mortgages are equitable:- (1) Where the subject of a mortgage
English mortgage
binds him-self to repay the mortgage-money on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but subject to a proviso that he will retransfer in to the mortgagor upon payment of the mortgage-money
Clandestine mortgages
to any person, the former mortgage being in force, and shall not discover in writing to the second mortgagee the first mortgage, such mortgagor so again mortgaging his lands shall have no relief or equity of redemption
Attornment
whereby, for better securing the payment of the interest on the mortgage, the mortgagor attorns tenant to the mortgagee at a yearly rent equal to the interest on the mortgage, thus giving the mortgagee the right to
Agricultural Holdings Act, 1923
is limited to the equivalent to two years' rent. S. 15 contains provisions as to compensation where a mortgagee takes possession of a holding occupied by a tenant of the mortgagor under a contract of tenancy not
standard mortgage clause
clause : a mortgage clause that is usually considered to form a separate contract between the insurer and mortgagee under which the mortgagee can collect payment even if the policy is void or voidable with regard to
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