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LSDefine

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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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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