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. […]