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LSDefine

Simple English definitions for legal terms

general mortgage

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A quick definition of general mortgage:

A general mortgage is when someone borrows money to buy property and uses that property as security for the loan. If they don't pay back the loan, the lender can take the property. There are many different types of mortgages, like ones with adjustable interest rates or ones where you only pay interest at first. Some mortgages cover multiple properties, while others only cover one. It's important to understand the terms of your mortgage so you can make your payments on time and keep your property.

A more thorough explanation:

A general mortgage is a type of mortgage that is used as security for the payment of a debt or the performance of a duty. It becomes void upon payment or performance according to the stipulated terms. The general mortgage can be defined as:

Definition: A conveyance of title to property that is given as security for the payment of a debt or the performance of a duty and that will become void upon payment or performance according to the stipulated terms.

For example, if a person takes out a loan to buy a house, the house is used as collateral for the loan. If the person fails to make the payments on the loan, the lender can foreclose on the house and sell it to recover the debt.

Other types of mortgages include adjustable-rate mortgages, balloon-payment mortgages, and conventional mortgages. Each type of mortgage has its own terms and conditions that must be met by the borrower.

general mens rea | general non est factum

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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