MORTGAGE
Dictionary of Science, Literature and Art · 1854 · p. 21
In Law, a mortgage-deed is ir effect a conveyance, by which a party. grants his interest or a portion of it to another, with a condition that if a sum of money ispaid by a stipulated day the grant shall be void. Thus the grantee has a conditional estate, whether of fee-simple or otherwise, according to the terms of the conveyance During the continuance of this estate, the mortgagor, though [s. 792]
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