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mortgagor

Line breaks: mort|ga¦gor
Pronunciation: /ˌmɔːɡɪˈdʒɔː
 
/

Definition of mortgagor in English:

noun

The borrower in a mortgage, typically a homeowner.
Example sentences
  • An attornment clause in a mortgage whereby the mortgagor attorns tenant at will to the mortgagee is not a true contract and so is not ‘an agreement’ for present purposes.
  • In that case there was a renewal agreement entered into between the mortgagor and the mortgagee to amend the terms of the mortgage at a time when it was known to the mortgagee that there were outstanding realty taxes.
  • If a mortgagee had the obligation or the right to pay or collect arrears of common expenses in relation to a unit not mortgaged to it by the mortgagor, then the mortgagee would not have the right to obtain such statement in respect of such unit.

Definition of mortgagor in:

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