Sec. 15-1209. Mortgagor.
53 words·~1 min read·
/il/chapter-735/act-5/15-1209·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 15-1209. Mortgagor. "Mortgagor" means
(i)the person whose interest in the real estate is the subject of the mortgage and
(ii)any person claiming through a mortgagor as successor. Where a mortgage is executed by a trustee of a land trust, the mortgagor is the trustee and not the beneficiary or beneficiaries.