noun
EXAMPLES FROM CORPUS
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Every buyer, lessee and mortgagee of property in or in the vicinity of a coalmining area should search before exchanging contracts.
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Every buyer, lessee, mortgagee of registered land should search shortly before completion.
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For example, if the title deeds are left with the company, an equitable mortgagee by deposit will take priority.
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In practice most mortgagees require to join in the conveyance.
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Some mortgagees are dispensing with the involvement of conveyancers with endowment policies altogether.
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Some mortgagees insist on approving the draft conveyance or transfer and regard must therefore be had to the practice of each mortgagee.
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The mortgagee registers a puisne mortgage.
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The second mortgagee should also be a party to receive the additional covenant of the wife.