Mortgagor Definition

Mortgagor Sentence Examples

• It may be noted that it is still common to insert in mortgage deeds what is called an " attornment clause," by which the mortgagor "attorns" tenant to the mortgagee, and the latter thereupon acquires a power of distress as an additional security.

• In the case of mortgaged estates the mortgagor is exempted from ordinary land-tax in proportion to the amount of his mortgage.

• The right of presentation may be exercised by its owner whether he be an infant, executors, trustees, coparceners (who, if they cannot agree, present in turn in order of age) or mortgagee (who must present the nominee of the mortgagor), or a bankrupt (who, although the advowson belongs to his creditors, yet has the right to present to a vacancy).