| Mr. Aarts mortgaged this property to provide part of the funds used to purchase the home. |
| Many growers are heavily mortgaged and have reduced equity in their farms, which makes them less attractive to lenders. |
| If disaster strikes the debtor and the mortgaged securities but the surety remains capable of repaying the debt then the creditor loses nothing. |
| So I mortgaged my house and the movie theater I own and I still think I'm heading for bankruptcy! |
| The assets are mortgaged in such a way that the mortgagor can deal with them without the concurrence of the mortgagee. |
| The equity is perhaps a matter of argument, but the position is it is mortgaged but the mortgagees will give up their priority to the charge. |
