Examlex
What feature originates where the water table intersects the land surface?
Equitable Mortgage
A mortgage subsequent to the first or legal mortgage. A mortgage of the mortgagor’s equity.
Covenant to Pay
An agreement in a contract where one party promises to pay a specified sum to another.
Original Mortgagor
is the initial borrower who takes out a mortgage loan secured by the property being mortgaged.
Hypothec
A legal term primarily used in civil law jurisdictions to describe a right or security interest granted over an asset to secure the repayment of a debt without transferring title.
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