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mortgagemore about mortgage


  4  definitions  found 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
  Mortgage  \Mort"gage\,  v.  t.  [imp.  &  p.  p.  {Mortgaged};  p.  pr  & 
  vb  n.  {Mortgaging}.] 
  1.  (Law)  To  grant  or  convey,  as  property,  for  the  security  of 
  a  debt,  or  other  engagement,  upon  a  condition  that  if  the 
  debt  or  engagement  shall  be  discharged  according  to  the 
  contract,  the  conveyance  shall  be  void,  otherwise  to 
  become  absolute,  subject,  however,  to  the  right  of 
  2.  Hence:  To  pledge,  either  literally  or  figuratively;  to 
  make  subject  to  a  claim  or  obligation. 
  Mortgaging  their  lives  to  covetise.  --Spenser. 
  I  myself  an  mortgaged  to  thy  will  --Shak. 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
  Mortgage  \Mort"gage\,  n.  [F.  mort-gage;  mort  dead  (L.  mortuus)  + 
  gage  pledge.  See  {Mortal},  and  {Gage}.] 
  1.  (Law)  A  conveyance  of  property,  upon  condition,  as 
  security  for  the  payment  of  a  debt  or  the  preformance  of  a 
  duty,  and  to  become  void  upon  payment  or  performance 
  according  to  the  stipulated  terms;  also  the  written 
  instrument  by  which  the  conveyance  is  made 
  Note:  It  was  called  a  mortgage  (or  dead  pledge)  because 
  whatever  profit  it  might  yield,  it  did  not  thereby 
  redeem  itself  but  became  lost  or  dead  to  the  mortgager 
  upon  breach  of  the  condition.  But  in  equity  a  right  of 
  redemption  is  an  inseparable  incident  of  a  mortgage 
  until  the  mortgager  is  debarred  by  his  own  laches,  or 
  by  judicial  decree.  --Cowell.  Kent. 
  2.  State  of  being  pledged;  as  lands  given  in  mortgage. 
  {Chattel  mortgage}.  See  under  {Chattel}. 
  {To  foreclose  a  mortgage}.  See  under  {Foreclose}. 
  {Mortgage  deed}  (Law),  a  deed  given  by  way  of  mortgage. 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
  Record  \Re*cord"\  (r?*k?rd"),  v.  t.  [imp.  &  p.  p.  {Recorded};  p. 
  pr  &  vb  n.  {Recording}.]  [OE.  recorden  to  repeat,  remind, 
  F.  recorder,  fr  L.  recordari  to  remember;  pref.  re-  re-  + 
  cor,  cordis,  the  heart  or  mind.  See  {Cordial},  {Heart}.] 
  1.  To  recall  to  mind;  to  recollect;  to  remember;  to  meditate. 
  [Obs.]  ``I  it  you  record.''  --Chaucer. 
  2.  To  repeat;  to  recite;  to  sing  or  play.  [Obs.] 
  They  longed  to  see  the  day  to  hear  the  lark  Record 
  her  hymns,  and  chant  her  carols  blest.  --Fairfax. 
  3.  To  preserve  the  memory  of  by  committing  to  writing,  to 
  printing,  to  inscription,  or  the  like  to  make  note  of  to 
  write  or  enter  in  a  book  or  on  parchment,  for  the  purpose 
  of  preserving  authentic  evidence  of  to  register;  to 
  enroll;  as  to  record  the  proceedings  of  a  court;  to 
  record  historical  events. 
  Those  things  that  are  recorded  of  him  .  .  .  are 
  written  in  the  chronicles  of  the  kings.  --1  Esd.  i. 
  {To  record  a  deed},  {mortgage},  {lease},  etc.,  to  have  a  copy 
  of  the  same  entered  in  the  records  of  the  office 
  designated  by  law,  for  the  information  of  the  public. 
  From  WordNet  r  1.6  [wn]: 
  n  :  a  conditional  conveyance  of  property  as  security  for  the 
  repayment  of  a  loan 
  v  :  put  up  as  security  or  collateral 

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