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What does mortgage deed mean?

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mortgage deed
Noun

A document that imposes a lien on the title to real property as security for a loan, it allowing the lender (mortgage holder) to foreclose on the financing if the borrower (mortgagor) fails to repay to the mortgagee the loan or otherwise perform as specified in the mortgage loan agreement.

Synonym(s): 
  • deed of trust.
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