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Updated: August 31, 2025
"There was nothing for us to do," the Prioress said, "but to mortgage the property, and this mortgage is our real difficulty, and its solution seems as far off as ever. There seems to be no solution. We are paying penal interest on the money, and we have no security that the mortgagee will not sell the property.
Another profitable investment for money is to be found, in Sydney, in the way of mortgage. Ten and twelve per cent, is paid regularly, and security given of an undoubted character, security that has not in one instance failed the mortgagee, even in the recent desperate times.
Parbleu, the one thousand louis will be soon gone." "And then?" "And then! why, he will have tasted the sweets of Parisian life; he will think with disgust of the vieux manoir. He can borrow no more. I must remain sole mortgagee, and I shall behave as handsomely in buying his estates as I have behaved in increasing his income."
Nevertheless, there were some hints of his insanity; his wife recalled other acts clearly attributable to dementia; the crippled lover argued from his own experience that the integrity of her limbs could only be secured by leaving her husband's house; and the mortgagee, fearing a further damage to his property, foreclosed.
The property had been mortgaged, though not heavily, and Mr Melmotte had no doubt satisfied the mortgagee; but there was still a sum of £50,000 to come, of which Dolly was to have one half and the other was to be employed in paying off Mr Longestaffe's debts to tradesmen and debts to the bank.
Let me take the mortgage on myself, and become sole mortgagee hush! on this condition, that there should be an entire union of interests between us two; that I should be at liberty to make the improvements I desire, and when the improvements be made, there should be a fair arrangement as to the proportion of profits due to me as mortgagee and improver, to you as original owner.
"His all? Tut, with such an estate as Rochebriant!" For the first time in that talk Alain's countenance became overcast. "And how long will Rochebriant be mine? You know that I hold it at the mercy of the mortgagee, whose interest has not been paid, and who could if, he so pleased, issue notice, take proceedings that " "Peste!" interrupted de Finisterre; "Louvier take proceedings!
Hindley Earnshaw drank himself to death about the same time, after mortgaging every yard of his land for cash; and Heathcliff was the mortgagee. So Hareton Earnshaw, who should have been the first gentleman in the neighbourhood, was reduced to dependence on his father's enemy, in whose house he lived, ignorant that he had been wronged. The motives of Heathcliff now became clear.
In your city halls the great book of mortgages has a large margin, so that when the mortgagor has paid the full amount to the mortgagee, the officer of the law comes, and he puts down on that margin the payment and the cancellation; and though that mortgage demanded vast thousands before, now it is null and void.
If the interest which should be paid half-yearly remains unpaid at the end of a year, the mortgagee has a right to be impatient, has he not?" "Certainly he has." "Well, then, on fait un commandement tendant de saisie immobiliere, viz: The mortgagee gives a notice that the property shall be put up for sale. Then it is put up for sale, and in most cases the mortgagee buys it in.
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