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Simple English definitions for legal terms

Mother Hubbard clause

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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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JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
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