How To Use Mortgagor In A Sentence
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In certain cases, a prior mortgagee may make further advances to the mortgagor which will rank in priority to subsequent mortgages.
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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.
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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.
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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.
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When the loan is repaid and the land becomes free of the mortgage again, the mortgagor is said to redeem the land.
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The mortgage provides that the mortgagor shall pay all municipal taxes as they fall due.
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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.
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The mortgagor sought payment of the surplus from the mortgagee's solicitors who held the funds in trust.
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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…
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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…
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The judgment of the Court of Appeal contains statements concerning the rights of a mortgagor to obtain an injunction against a mortgagee that have given us some concern.
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Such a fee is recoverable by the mortgagee if a statement is requested by the mortgagor.
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Where there are joint mortgagors, a mortgagee is not required to keep separate accounts in order to keep track of which mortgagor is making what payment at what time.
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With respect to other creditors of the purported mortgagor, the analysis would be that, as regards them, no mortgage had been given.
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An attornment clause in a mortgage whereby the mortgagor attorns tenant at will to the mortgagee is not a true contract and so is not ‘an agreement’ for present purposes.
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Indeed that's right, or putting it differently, not sacrificing the interests of the mortgagor, or the borrower, that's right, yes indeed.
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Those duties were imposed to ensure that a mortgagee is diligent in discharging his mortgage and returning the property to the mortgagor.
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we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home
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The mortgagor alleges that the solicitors were not a disinterested party and colluded with its client in order to coerce the mortgagee to give a release and give up its right to pursue its claims.
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In that case there was a renewal agreement entered into between the mortgagor and the mortgagee to amend the terms of the mortgage at a time when it was known to the mortgagee that there were outstanding realty taxes.
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The assets are mortgaged in such a way that the mortgagor can deal with them without the concurrence of the mortgagee.
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In practice the mortgagor will usually remain in possession of the property.
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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…
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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.
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In certain cases, a prior mortgagee may make further advances to the mortgagor which will rank in priority to subsequent mortgages.
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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.
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In this regard it is noted that Mr. Beattie obtained the property on default of the mortgagor, Moore.
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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
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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
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That term refers to the lender; the borrower is actually the “mortgagor.”
Letters to the Editor
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Those duties were imposed to ensure that a mortgagee is diligent in discharging his mortgage and returning the property to the mortgagor.
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The mortgagor may have a freehold or a leasehold estate in the land.
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Although the terms of the mortgage provided that the mortgagor should not grant any lease of the property without the bank's consent, the mortgagor did in fact grant such a lease some two months after the creation of the mortgage.
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It does not affect the right of the mortgagor to redeem so long as the mortgagor is given notice of the assignment.
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In certain cases, a prior mortgagee may make further advances to the mortgagor which will rank in priority to subsequent mortgages.
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Those duties were imposed to ensure that a mortgagee is diligent in discharging his mortgage and returning the property to the mortgagor.
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It seemed to him that it had to do with the doubtfulness of whether or not the mortgagor will pay the debt.
Literacy; why is it that we want to stay with modern meaning rather than return to the True meaning of a word? « Children Literacy « Literacy Help « Literacy News
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If a mortgagee had the obligation or the right to pay or collect arrears of common expenses in relation to a unit not mortgaged to it by the mortgagor, then the mortgagee would not have the right to obtain such statement in respect of such unit.
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The assets are mortgaged in such a way that the mortgagor can deal with them without the concurrence of the mortgagee.
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Here are some points on this agenda when you act for a seller, mortgagor or lessor. 1.
