“I used the money to make a down payment on the whacking great mortgage we had at the time.”

“Those duties were imposed to ensure that a mortgagee is diligent in discharging his mortgage and returning the property to the mortgagor.”

“The assets are mortgaged in such a way that the mortgagor can deal with them without the concurrence of the mortgagee.”

“Usually, therefore, the second mortgagee persuades the first mortgagee to obtain repayment on the same occasion.”

“In the case of MBS the bank acts as an intermediary between an investor and a mortgager.”

“At first, the Northerner could not understand her indifference to her obligations as a mortgager.”

“The mortgager and mortgagee differ the one from the other, not more in length of purse, than the jester and jestee do in that of memory.”

“When the loan is repaid and the land becomes free of the mortgage again, the mortgagor is said to redeem the land.”

“Those duties were imposed to ensure that a mortgagee is diligent in discharging his mortgage and returning the property to the mortgagor.”

“It does not affect the right of the mortgagor to redeem so long as the mortgagor is given notice of the assignment.”

“This would include mortgagees, lessees and the acquirers of other interests, both legal and equitable.”

“If there is no agreement between the mortgagees, one party may sell their share to a third party.”

“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.”