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LSDefine

Simple English definitions for legal terms

Mother Hubbard clause

Read a random definition: propter curam et culturam

A quick definition of Mother Hubbard clause:

A mother Hubbard clause is a part of a mortgage agreement that says the mortgage covers all the money the borrower owes to the lender, even if it's not related to the mortgage. It's like a big net that catches all the debts the borrower has with the lender.

A more thorough explanation:

Definition: A Mother Hubbard clause is a clause in a mortgage agreement that states that the mortgage secures all the debts that the borrower may owe to the lender at any time. This means that if the borrower takes out any additional loans or owes any other debts to the lender, those debts will also be secured by the mortgage.

Example: Let's say that John takes out a mortgage to buy a house. The mortgage agreement includes a Mother Hubbard clause. A few years later, John decides to take out a personal loan from the same lender. Because of the Mother Hubbard clause, the personal loan is also secured by the mortgage on John's house.

Explanation: The Mother Hubbard clause is designed to protect the lender by ensuring that all of the borrower's debts are secured by the mortgage. This gives the lender more security in case the borrower defaults on any of their loans. However, it also means that the borrower's assets (in this case, their house) are at greater risk if they are unable to repay their debts.

mother country | mother-in-law

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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.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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