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Topic :
Mortqage
Once amortgage is always
a moitqaqe
Name: GSai Prantha
RollNo 930OEtOo
CSe: lau ot Hoperty
CUIse Code : 028Bc6
One a Morqage io alnys a Mortgge .
Itroduction
he. concept of rmortqage has s ourdation
aloous a motqage. he idea behird tti nce
hat n o. trasadi of rootgage he motqagur
4nfers ohe all 5s hteret h he(nVohe
Propety t motagee. The motgagor ev
he after
tonfeirg oNe of hs ierests tetains Sore itaett
uoh bi ThSe e o o iterests tite bim t
redeer bis orvobe property after he tepoyret of
he debt cohich popety oas tet au urty.
Nature
A rmot Qage may be legal or euitQble oher
the tansation iwoles oneyare of legal esaBe
bere here is cveyane ot utHe etate,t is
terd ah equtabe ortgage.
y An eutobe trotqge has e are igbt au
a eqal ortgage suject to Such drferec as
toight resuk Are ths hot being oseso
Ghe legal tale,
Transacion of Mortqage
imoable poperty for the puse of Secig
uoay of oah, C x(sting oY futie debl ey
by
cohich rY
he perforrnonca, of a eqagererst
qve tie to a petujaty liabiliy
DuoellinQ apon he defision -
Transe of an ineret
Essertials
Specitic inmode Popeniy
Secuty the aymert f de bt
Rick Redermpioh
LR a t f rederrptioh is he right of ortga
-o o redeern he mortqaged popert by
paying ff te pincipal and nterest. t s te
igbt of oatgagor to qet back his operty
Dh payroent.
The rigtt ot redermptih f he tooatQ aged
poDpert is one of he innportarst rigts thot
s vested in e irogor
get baCk he prony ater be paLe the
loan:
Hoever, if the above ate i t t has bes elirguis
hed bu the act ot ths parties or by a decr eo of
Once a Mortoge, al ays Mostgage"
he maximieles that the ortggors riqht
f redetption uould nt be defeated by ay
agreet to he CotrarY, eveh if he trorgaqor
alid ot ang tipulatth it the tnotgage deed
obich def ets te rortgagors right redeton
"5is pincple guQratees the mortgagrs
enduring rigt to redee ter property upo
tepaytet of he loah, Prevesthg Ny Ctladul
clauses or
permarty xtinguieig this igbt s
princple ene\S faess and proec botOUrs
oexpolaton obth ogage trasations.
Wbile 4he hotQgor qeer aly anDot 0e deero
belore the oiheipal oone is due they the
right to reder at y tite after the cue date
4he Court or tihguished by operottoh of l a .
The ortQaqem. catht ubilQteraly eonvet the
tnortQQqe bto a sale
The rule of oppoetioh oh he riot of
tedeptio s bas oh he tmaxinn ne a
trortgge auoOys a mortqQqe. Motqqe
aluoos rernain a trortqage and hoohqe or
reis on be doe ih it ch rgbt of
tedemption trortage aht be put to ah end
or ca be litoted.
edernptin
A per tbis naxim, the rigt of T
iherest o Ql ortgoqes the ful payret
is
irsovable
of he debt, for uhih Such ab
y. Koulds AR
Ih bis teard, t e a e of Koocks
eande, ohere uhder
ot oha a ortage
Lord Dey laid douh
aloas motqaqe and n n g but aa
totgg
(arled bu an acttivt that it as be de
by he arty the ik (oill aso be, voi.
To the nstant ase,e qooduoll ad preroise
crrtich s lad daon that pamet of
rotgaqs toney nd iderest by Mh. Rica be coill
have tight to get back the ortqaqed poperty.
Te Csurt stated he motgae ded created a
Tnatge ard Such mort gQge alUays ernain
tortqge. Bt he litadion ot the
ght o
tedeptionater mortgage by a Costtat oi
ave eiterated he sare pribciple in
Jainmal v. State ot Hiacha Raesh
abeslute riabt h a cart be by o
uooived bu ahy.
"TheCttoh cf coerting the trtqage ito
the sole i aleo idering aa oppsitin on
te icht o redenptbr
tutqqe rrony te, trotQage. l hold the
rotgaed propnty as o. leae, n the, ootgg
Ihefective.
To blstell, the 'btersn ie. that he
tqage ard igtt of edersdieh of alqagea
Qve Co- txtensive ohelhor the ight of rederrtio
hax beah mentten or ot. he rntgage abd
rigtt ot redermption
rahslered
will a u s be. a oortqQ ge - it Can4 be
