large/12344/1000things_1807_librivox_64kb_mp3/1000things_30_fowler_64kb_8
large/12344/1000things_1807_librivox_64kb_mp3/1000things_30_fowler_64kb
English
12344
The property, unless it is land, should be insured, and the insurance policy made payable to the mortgagor in case of loss by fire, but the mortgagor can collect only that part of the insurance money which represents the amount of the mortgage. THE PROPERTY UNLESS IT IS LAND SHOULD BE INSURED AND THE INSURANCE POLICY MADE PAYABLE TO THE MORTGAGER IN CASE OF LOSS BY FIRE BUT THE MORTGAGER CAN COLLECT ONLY THAT PART OF THE INSURANCE MONEY WHICH REPRESENTS THE AMOUNT OF THE MORTGAGE
 thousand is: 13.7 in Los Angeles, 15 in San Francisco, 17 in Denver, 19 in Washington, D. C., 14.6 in Chicago, 14.3 in Indianapolis, 15.5 in Louisville, 20.2 in New Orleans, 18.7 in Baltimore, 16.8 in Boston, 14.0 in Detroit, 10.7 in Minneapolis, 11.4 in St. Paul, 14.4 in Kansas City, 15.8 in St. Louis, 14.7 in Omaha, 16 in New York, 16.5 in Cincinnati, 12.9 in Cleveland, 16.4 in Philadelphia, 15.8 in Pittsburgh, 20.1 in Memphis. =Mortgages.=--A mortgage is a bill-of-sale from the owner of property to another competent to hold property. The one giving the mortgage is called the mortgagee, and the one to whom it is made is known as the mortgagor. A mortgage differs from a bill-of-sale in that the mortgagor cannot obtain ownership of the property mortgaged, unless the amount involved is not paid him at the expiration of the mortgage, or the interest is not met. All mortgages must be registered. Mortgaged property cannot be moved, altered, or changed without the consent of the mortgagor. Y POINT TWO IN NEW ORLEANS EIGHTEEN POINT SEVEN IN BALTIMORE SIXTEEN POINT EIGHT IN BOSTON FOURTEEN IN DETROIT TEN POINT SEVEN IN MINNEAPOLIS ELEVEN POINT FOUR IN SAINT PAUL FOURTEEN POINT FOUR IN KANSAS CITY FIFTEEN POINT EIGHT IN SAINT LOUIS FOURTEEN POINT SEVEN IN OMA SIXTEEN IN NEW YORK SIXTEEN POINT FIVE IN CINCINNATI TWELVE POINT NINE IN CLEVELAND SIXTEEN POINT FOUR IN PHILADELPHIA FIFTEEN POINT EIGHT IN PITTSBURG TWENTY POINT ONE IN MEMPHIS MORTGAGES A MORTGAGE IS A BILL OF SALE FROM THE OWNER OF PROPERTY TO ANOTHER COMPETENT TO HOLD PROPERTY THE ONE GIVING THE MORTGAGE IS CALLED THE MORTGAGE AND THE ONE TO WHOM IT IS MADE IS KNOWN AS A MORTGAGER A MORTGAGE DIFFERS FROM A BILL OF SALE IN THAT THE MORTGAGER CANNOT OBTAIN OWNERSHIP OF THE PROPERTY MORTGAGED UNLESS THE AMOUNT INVOLVED IS NOT PAID HIM AT THE EXPIRATION OF THE MORTGAGE OR THE INTEREST IS NOT MET ALL MORTGAGES MUST BE REGISTERED MORTGAGED PROPERTY CANNOT BE MOVED ALTERED OR CHANGED WITHOUT THE CONSENT OF THE MORTGAGER
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