Can a mortgagee enforce his equity of redemption without paying the mortgage debt?
The first mortgagee is entitled to be paid in full first, then the second, and so on.
This is a great responsibility to repose in the mortgagee, and he must perform the trust in good faith in every respect.
The mortgagee may use his mortgage as security for loans or he may assign it as he pleases.
And then fixing his eyes steadily on him, he said, "You are a mortgagee."
It is usual for the mortgagor to insure the property for the benefit of the mortgagee.
The consideration of a mortgage ordinarily is an advancement or loan, past or present, made by a mortgagee to the mortgagor.
Then it is put up for sale, and in most cases the mortgagee buys it in.
The procedure upon a sale by a mortgagee is the same as in the case of any other vendor.
A mortgagee, mortgager or pledgee of property may insure the property.