Business Hints for Men and Women

not turn over or deliver the deed to the grantee a

h a third party to be by him delivered to the grantee when a ce

is given by its custodian to the grantee, which is a

ST

nvey property to some person who is

often used to secure

hey take the pla

f a mortgage to secure a debt payment, the proper

e agent for debtor and credito

case of failure to pay the debt as agreed on, the trustee may, if so

is entitled to all the rents and profits of the property; for it

the trustee must at once execute a paper known to law as a Re

MORT

hattel. The first is a lien on real es

or real, as security for the payment of a debt, or it may be g

GAGE

rule is to give a note for the payment of the amount involved. The

it must be stated that i

ote and mortgage

ages his property

e mortgage is give

that it contains a clause called the Defeasance, which states t

S MUST B

ng and delivering" a mortgage

d the same as a deed, the

except that it is not usual to make copies of the instru

ortgage, but if she agrees to the transaction it is necessary for

YM

icy is used as security fo

y, should see that the buildings are insured and th

he mortgagor's name he may coll

stipulated, every payment of

payment can result i

must be entered on the back of the note. This

ays pay the obl

ot sufficient to meet the sum required, the interest is fi

paid in, it becomes the duty of the mort

its security, and causes to be written by the register, on the margin of the copy in his books

IGN

arded in law as p

er to be valid. It can be sold like bonds, stocks or other prop

r must make, to the purchaser, what i

in the same way as the original mo

ION OF

emains the same in some localities that it formerl

ven by law an extension of time in which to ma

ortgage run on as an investment, though it will often be fo

OF RE

the instrument has not been foreclosed, the mortgagor

ge and the sale of the property there is still a p

sual method is to foreclose on an order from the cour

rests and costs. If there is money left over it is paid to the

s something of a disgrace, when, as a matter of fact it is a most usual and honorabl

by the sale of the mortgage bonds, which are usually renewed wh

e met on a farm is often in itself the st