United States or Italy ? Vote for the TOP Country of the Week !
The merchant who says: "Montpellier not active, Marseilles fine quality," the broker on 'change who says: "Assets at end of current month," the gambler who says: "Tiers et tout, refait de pique," the sheriff of the Norman Isles who says: "The holder in fee reverting to his landed estate cannot claim the fruits of that estate during the hereditary seizure of the real estate by the mortgagor," the playwright who says: "The piece was hissed," the comedian who says: "I've made a hit," the philosopher who says: "Phenomenal triplicity," the huntsman who says: "Voileci allais, Voileci fuyant," the phrenologist who says: "Amativeness, combativeness, secretiveness," the infantry soldier who says: "My shooting-iron," the cavalry-man who says: "My turkey-cock," the fencing-master who says: "Tierce, quarte, break," the printer who says: "My shooting-stick and galley," all, printer, fencing-master, cavalry dragoon, infantry-man, phrenologist, huntsman, philosopher, comedian, playwright, sheriff, gambler, stock-broker, and merchant, speak slang.
The wife's advisers, I mean, says Bloom. Then he starts all confused mucking it up about mortgagor under the act like the lord chancellor giving it out on the bench and for the benefit of the wife and that a trust is created but on the other hand that Dignam owed Bridgeman the money and if now the wife or the widow contested the mortgagee's right till he near had the head of me addled with his mortgagor under the act.
I have publicly asked that foreclosures on farms and chattels and on homes be delayed until every mortgagor in the country shall have had full opportunity to take advantage of federal credit.
Lenders, when the interest is met, are content to let the mortgage run on as an investment, though it will often be found, in such cases, that it is better to make a new mortgage. Where the payments on a mortgage have not been met and the instrument has not been foreclosed, the mortgagor has still what is known as an "equity of redemption."
The assignment should be recorded in the same way as the original mortgage, the assignee paying the fee. While the rule as to the redemption of mortgages remains the same in some localities that it formerly was, the law in most places is now more lenient. Now the mortgagor who has failed is usually given by law an extension of time in which to make good the payment of principal and interest.
To avoid excessive burden to the impoverished peasant the compensation is to be in the shape of bonds representing the average value of the land in each particular case, only the interest on these bonds to be paid yearly from universal taxes a topsy-turvy mortgage system, as it were, in which the state becomes the proprietor and mortgagor of the land, while its present owners are turned into forced mortgagees.
In many cases the words also connote actions which would be done under certain contingencies by persons other than those denoted: as the words mortgagor and mortgagee, obligor and obligee, and many other words expressive of legal relation, which connote what a court of justice would do to enforce the legal obligation if not fulfilled.
Towards the end of 1873 relations began to be severely strained between mortgagor and mortgagee. On December the 31st FitzGerald wrote from 12 Marine Terrace, Lowestoft: "12 MARINE TERRACE, "December 31. "As you cannot talk with me without confusion, I write a few words to you on the subject of the two grievances which you began about this morning. "1st.
The mortgagor must meet, as stipulated, every payment of the principal and interest. Failure to meet one payment can result in a legal foreclosure. When a payment is made, the date and the amount must be entered on the back of the note. This should be done in the presence of the mortgagor. If possible always pay the obligation by check.
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.
Word Of The Day