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Mortgagor in a sentence

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Sentence count:31Posted:2017-09-08Updated:2020-07-24
Similar words: mortgagemortgagedmortgage bondmortgage loanrigor mortisart gallerylong agoagoraMeaning: [‚mɔːgə'dʒə(r)]  n. the person who gives a mortgage in return for money to be repaid. 
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1. The mortgagor had been ordered to pay the mortgagee's costs which had been taxed at £60.
2. The mortgagor creates by deed a legal charge upon the land.
3. If the mortgagor is a lessee for years he effects the mortgage by a sub-lease.
4. The payment has to countersigned by the mortgagor.
5. The borrower is referred to as the mortgagor.
6. The mortgagor retains legal title to the land.
7. If default is made by the mortgagor and not rectified the mortgagee has power to foreclose.
8. In practice the mortgagor will usually remain in possession of the property.
9. To mortgagor rental housing mortgage, they must obtain the consent of the mortgagee.
10. The real estate mortgage means that the mortgagor uses his real estate without transferring the way of occupancy to provide guarantee of obligation for his mortgagee.
11. Article 51 Where a mortgagors acts are likely to cause the value of the mortgaged property to decline, the mortgagee shall be entitled to demand that the mortgagor cease and deist from such acts.
12. After the mortgaged real property is insured, the mortgagor shall hand over the insurance policy to the mortgagee for safe custody.
13. The mortgagor retains a right to redeem the land once all mortgage moneys have been repaid.
14. A mortgage contract should be concluded in writing. Mortgagor, mortgagee and the third party who set up the right of mortgage on his own property are all in different circulation of interest.
15. A mortgagor may at the same time mortgage all the property listed in the preceding paragraph.
16. Prior to the maturity of the loan, the mortgagor cannot prepay the loan.
17. Where the mortgagor neither recovers the value nor provides any security, the mortgagee has the right to require the obligor to pay off the debts in advance.
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18. The mortgagor a right to redeem the land once all mortgage moneys have been repaid.
19. If the mortgagor fails to do so, the decree is made absolute and the land vests in the mortgagee free of the mortgagor's equity of redemption and free of the interests of subsequent mortgagee.
20. Article 38 A mortgagor and a mortgagee shall conclude a mortgage contract in writing.
21. The Companies' Registry will also require a resolution completed by both the mortgagee and the mortgagor.
22. So the court has full discretion over litigation costs incurred in proceedings between mortgagor and mortgagee.
23. The Judicature Act decided that as against a stranger the mortgagor in possession must be treated as owner.
24. In certain cases, a prior mortgagee may make further advances to the mortgagor which will rank in priority to subsequent mortgages.
25. Here are some points on this agenda when you act for a seller, mortgagor or lessor. 1.
26. After you made a purchase, mail a notice to the mortgagor informing him of the change of ownership in his mortgage.
27. The debtor whose property is subject to the mortgage is called the mortgagor.
28. Article 49: A written mortgage contract shall be signed between a mortgagor and a mortgagee for the mortgage of real property.
29. A foreclosure order vests the title in the name of the mortgagee and extinguishes the interests of the mortgagor and all subsequent mortgagee: Conveyancing and Property Ordinance (Cap 219) s 53(2).
30. Losses suffered by the mortgagee as a result thereof shall be compensated by the mortgagor.
More similar words: mortgagemortgagedmortgage bondmortgage loanrigor mortisart gallerylong agoagoranot long agosupport groupa Gordian knotagoraphobicagoraphobiaphantasmagoricphantasmagoriamortmortalmortarmortallymortifyimmortalmortuaryamortizemortifiedmortalitymorticianmortifyingpost mortempost-mortempostmortem
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