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Updated: August 31, 2025
It was in revenge for this supposed crime that he had made himself the principal mortgagee of the late Marquis; and, visiting the sins of the father on the son, had, under the infernal disguise of friendly interest, made himself sole mortgagee to Alain, upon terms apparently the most generous.
In the morning he received the notice "of un commandement tendant a saisie immobiliere," on the part of his creditor, M. Louvier; in plain English, an announcement that his property at Rochebriant would be put up to public sale on a certain day, in case all debts due to the mortgagee were not paid before.
I'm afraid he's in Grosvenor Square at this moment. Let me see; Pickering! Wasn't there some question of a mortgage? I'm sure there was something about a mortgage. 'There was a mortgage, of course, but that only made three payments necessary instead of two. 'But there was some unavoidable delay about the papers; something occasioned by the mortgagee. I know there was.
A mortgage need not remain in the hands of the mortgagee in order to be valid. It can be sold like bonds, stocks or other property, and there are men who deal only in that form of security. In order to sell a mortgage, the owner must make, to the purchaser, what is known as an "assignment of mortgage."
Between the serf, the farmer, the tenant, and the mortgagee, the difference is rather one of form than of substance. Whether the peasant belongs to me, or the land on which he has to get a living; whether the bird is mine, or its food, the tree or its fruit, is a matter of little moment; for, as Shakespeare makes Shylock say: You take my life When you do take the means whereby I live.
Often a life insurance policy is used as security for the payment of a mortgage. The mortgagee, if there be buildings on the property, should see that the buildings are insured and that the policy or policies are made out in his name. If the insurance policy is in the mortgagor's name he may collect and keep the insurance money.
They've had a fire in Glenside and a house dad owns there burned. He hasn't a cent of insurance, and the mortgagee takes the ground. So that's the rental right out of our income. Besides, grandma has had an operation on her eyes and she has to spend weeks in an expensive Philadelphia hospital.
His father's cottage, already mortgaged when he inherited it, had been sold over his head after the death of the mortgagee, so that thenceforth he was on no better footing than any other of the labourers.
The other £20,000 I raised on mortgages of the estate, and although that mortgage would be invalidated by the proof that I had no power to give it, the mortgagee would, of course, fight the question, and the whole matter would be made public."
Rabirius had been for a time mortgagee in possession of the revenues of Egypt; and Auletes had felt more indebted for his crown to a Roman citizen than to the senate.
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