Examlex
The hammer, anvil, and stirrup are located in the
Mortgagee
The lender in a mortgage agreement, typically a bank or financial institution, that holds the property as security for the repayment of the loan.
Equitable Mortgage
A type of mortgage recognized by a court based on the borrower's intent and the lender's interest, even though the formal legal requirements of a mortgage are not met.
Enforceable
Refers to a rule, policy, or agreement that is legally binding and can be upheld or imposed by law.
First Mortgage
A primary mortgage on property that has precedence over all other voluntary liens or mortgages recorded against the property.
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