Mortgage

(morgěj.) [From Fr. mort, dead, and gage, a pledge.] (Law.) The transfer or conveyance of a real or personal estate as security for the payment of money, on the condition that if the money shall be paid according to the contract, the transfer shall be void, or that the estate shall be conveyed back to the owner. The creditor, who holds the estate according to the condition of the deed, is called the mortgagee; but the mortgagor, who is the person that makes the M., generally keeps po e ion of the land till failure is made in the payment of the mortgage-money. Although the mortgagee enter for non-payment, the mortgagor is entitled to the equity of redemption, that is, has a right to redeem; and the M. is thus redeemable as long as the relation of debtor and creditor subsists between the parties, and for 20 years after the last acknowledgment of that relation by the mortgagee, unle the right be foreclosed by a decree of the court, or unle the estate has been sold under powers contained in the M. Mortier, EDOUARD ADOLPHE CASIMIR JOSEPH, DUC DE TREVISO, a marshal of France, B. at Cambrai, 1768; took po e ion of the kingdom of Hanover, 1800; largely contributed to the victory of Fried land, 1807; was created Duc de Treviso, 1808; much distinguished himself in the Ru ian expedition; was minister of war, 1834; and fell a victim to the " infernal machine " of Fieschi, 1835. [s. 619]