rights and liabilities of a mortagor
ARTICLE: RIGHTS AND LIABILITIES OF A MORTAGOR The term mortgage, put simply, means the Transfer of an interest as security (commonly known as collateral) given by the borrower(mortgagor) to the loan lender(mortgagee). Thus, if the borrower is unable to repay the loan or becomes insolvent, it protects the lender, as he acquires the right over…
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