Mortgagor definition

Mortgagor means the obligor on a Mortgage Note.
Mortgagor means the obligor or obligors on a Mortgage Note, including any person who has assumed or guaranteed the obligations of the obligor thereunder.
Mortgagor means the obligor on a Mortgage Note and the grantor of the related Mortgage.

Examples of Mortgagor in a sentence

Such amounts may be set aside and held with any similar funds similarly held and may be applied to any lawful purpose of the Corporation or other servicer of such 2020 Series L Mortgage Loan, as the case may be, subject to the terms of such 2020 Series L Mortgage Loan with respect to which such amounts were received and of any agreement between the Corporation and the applicable 2020 Series L Mortgagor or any Credit Facility Provider relating to such 2020 Series L Mortgage Loan.

Muni.Staff QuartersNear Lal Bunglow, Off C G road, Ahmedabad -380 006 Sir, Sale of Secured Assets / Property at Indore, Madhya Pradesh owned by Shri Ravindra Choudhary Mortgagor/ Guarantor.

I/We clearly understand and accept that the Authorised Officer or the secured lenders do not take or assume any responsibility for any dues, statutory or otherwise, of M/s Suman Phosphates and Chemicals Ltd./ Mortgagor/ Guarantors including such dues that may affect transfer of the assets in the name of the purchaser and such dues, if any, will have to be borne/paid by me/us in case my/our Bid/offer is accepted.

It is further agreed that whenever AIC shall pay the Bank any sum in respect of loss or damage under this policy and shall claim that as to the Mortgagor or owner no liability therefore existed, AIC shall become legally subrogated to all the rights of the Bank to the extent of such payments but not so as to impair the right of the bank to recover the full amount of any claim it may have on such Mortgagor or Owner or any other party or parties insured hereunder or from any securities or funds available.

No sale or other dealing by the Mortgagor with the equity of redemption in the Lands or the Mortgagor’s Interest shall in any way change the liability of the Mortgagor or in any way alter the rights of the Bank as against the Mortgagor, the Covenantor, the Customer or any other person liable for payment of the Indebtedness.


More Definitions of Mortgagor

Mortgagor means the grantor of a mortgage.
Mortgagor means the obligor(s) on a Mortgage Note.
Mortgagor means the obligor or obligors on a Note.
Mortgagor means, individually and collectively, as the context may require, the obligor or obligors under a Loan, including any Person that has not signed the related Mortgage Note but owns an interest in the related Mortgaged Property, which interest has been encumbered to secure such Loan.
Mortgagor or “Mortgagors” shall mean the mortgagors, grantors of installment sale contracts, grantors of security deeds, grantors of trust deeds and deeds of trust, and the grantors of any Mortgages.
Mortgagor means, individually and collectively, as the context may require, (i) the primary obligor or obligors under a Mortgage Note, including any Person that has acquired the related Mortgaged Property and assumed the obligations of the original obligor under the Mortgage Note, and (ii) the owner of the related Mortgaged Property, if such owner has executed the related Mortgage with respect to the subject Mortgage Loan in addition to a guaranty of the obligations of the named obligor on the related Mortgage Note, and such guaranty is secured by such Mortgage; provided that the foregoing definition of "Mortgagor" shall not include any guarantors except to the extent described in clause (ii) above.
Mortgagor means the obligor on a Mortgage Note, the grantor of the related Mortgage and the owner of the related Mortgaged Property.