mortgagee policy
mortgagee policy. A title-insurance policy that covers only the mortgagee’s title and not the owner’s title. Cf. OWNER’S POLICY. [Cases: Mortgages 201. C.J.S. Mortgages §§ 311–314.]
Search Results for: MORTGAGEE
mortgagee
mortgagee (mor-g[schwa]-jee). One to whom property is mortgaged; the mortgage creditor, or lender. — Also termed mortgage-holder. [Cases: Mortgages 23. C.J.S. Mortgages §§ 73–75, 77.] mortgagee in possession. A mortgagee who takes control of mortgaged land by agreement with the mortgagor, usu. upon default of the loan secured by the mortgage. [Cases: Mortgages 187. C.J.S.
mortgagee in possession
A mortgagee who takes control of mortgaged land by agreement with the mortgagor, usu. upon default of the loan secured by the mortgage. [Cases: Mortgages 187. C.J.S. Mortgages §§ 57, 288.]
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mortgagee in possession
mortgagee in possession 实际占有的不动产抵押权人 按照协议，或经抵押人的明示或默示同意而实际占有不动产的抵押权人，并以清偿相应债务作为解除占有的先决条件。
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mortgagee clause
mortgagee clause 抵押权人条款 在火灾财产保险单中规定有该条款，指当被保险人的抵押财产遭受承保范围内的损失时，应将因保险赔偿所生利益归于抵押权人，但以抵押金额为限。
mortgagee clause
mortgagee clause 受押人条款 为财产保险单上的附加条款，保障受押人在被抵押财产上的利益。如果被抵押财产受到损害或毁坏，受押人即可得到赔偿，上限为他在该财产上指定的利益。
statute staple
statute staple. Hist. 1. A 1353 statute establishing procedures for settling disputes among merchants who traded in staple towns. • The statute helped merchants receive swift judgments for debt. Cf. STATUTE MERCHANT. 2. A bond for commercial debt. • A statute staple gave the lender a possessory right in the land of a debtor who
consolidation of mortgages
consolidation of mortgages. Hist. The equitable right of a mortgagee who holds multiple mortgages on real property owned by the same person to refuse to release one mortgage unless all the mortgages are redeemed.
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mortgage clause
mortgage clause. An insurance-policy provision that protects the rights of a mortgagee when the insured property is subject to a mortgage. • Such a clause usu. provides that any insurance proceeds must be allocated between the named insured and the mortgagee “as their interests may appear.” — Also termed mortgagee clause. See LOSS-PAYABLE CLAUSE; ATIMA.