mortgagor

How To Use mortgagor In A Sentence

• In certain cases, a prior mortgagee may make further advances to the mortgagor which will rank in priority to subsequent mortgages.
• However, once the sale occurs the debtor/mortgagor no longer has any interest in the property and any subsequent execution cannot attach to that which the debtor does not own.
• Given the timing of the assignment of the mortgage and the default on that mortgage by the mortgagors, I agree that the mortgagee has not established entitlement to the $200.00 fee for May.
• The 1977 mortgage, which is the first document in the bundle, has that usual clause in it, that the mortgagors will pay any amount which they subsequently guarantee, which the Bank might lend to a third party.
• When the loan is repaid and the land becomes free of the mortgage again, the mortgagor is said to redeem the land.
• The mortgage provides that the mortgagor shall pay all municipal taxes as they fall due.
• Therefore, in comparing the offers made by the Receiver to the recovery at trial, I have assumed that interest will be credited to the mortgagors because of the $50,000 payment.
• The mortgagor sought payment of the surplus from the mortgagee's solicitors who held the funds in trust.
• The valuer is liable in tort if he receives instructions from and is paid by the mortgagor but knows that the valuation is for the purpose of a mortgage and will be relied on by the mortgagee…
• So this was not a sale by a mortgagee at all; it was a sale expressly by agreement of the mortgagee, a sale by the mortgagor and the money going into a joint account…