Mortgagor - Law Dictionary Search Results

Usufructuary mortgage

Usufructuary mortgage, Where the mortgagor delivers possession or expressly or by implication binds himself to deliver possession of the mortgaged property to the

for enforcement of right to redeem, and that right of redeem consists of the three reliefs which the mortgagor is entitled to under clauses (a), (b) and (c) mentioned above, on payment or tender, at a proper

Requisitions of title

which arise upon a title on behalf of a proposed purchaser or mortgagee, and which the vendor or mortgagor is called upon to satisfy and comply with. In the case of sales, they are often curtailed by

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Redemption

An action of redemption is a suit brought to compel the mortgagee to recover the property to the mortgagor on the latter paying the mortgage debt. See EQUITY OF REDEMPTION; PROVISO FOR REDEMPTION. 2. Commutation or the

Notice to quit

be called to prove it. [(English) C.L.P. Act, 1854, s. 26] A notice to quit given by a mortgagor before default was held a good notice to determine the tenancy; and a notice given to a steward

Notice

see also s. 113 (ibid.), which absolves persons dealing in good faith with a mortgagee or with the mortgagor after discharge of the mortgage from any duty to inquire into the trusts of the mortgage money even

Mortgagee

to have as such purchased the property subject to the mortgage and the equity of redemption of the mortgagor, Abdul Ghaffoor v. (Mst.) Paharia, 1957 Pat 136. Mortgagee, he that takes a mortgage as security for a

Mortgage by conditional sale

the definition of a mortgage by conditional sale postulates the creation by the transfer of a relation of mortgagor and mortgagee, the price being charged on the property conveyed. In a sale coupled with an agreement to

Marshalling

of otherwise, the person or persons interested in the equities so dealt with are entitled, as against the mortgagor, to require that the first mortgage shall be paid off in the first place out of the property

right of redemption

lien (as by paying to the creditor what is due to release the secured property) ;specif : a mortgagor's statutory right to redeem after a judicial foreclosure and sale

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