Mortgage in a sentence

The word "mortgage" in a example sentences. Learn the definition of mortgage and how to use it in a sentence.

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Definition of Mortgage

  • A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.
  • State of being pledged; as, lands given in mortgage.
  • To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.
  • Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.
  • a conditional conveyance of property as security for the repayment of a loan
  • put up as security or collateral

How to use mortgage in a sentence. Mortgage pronunciation.

The interest on the mortgage of his property was due in a few days.
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With sinking heart he went to the holder of the mortgage to announce his utter inability to meet his demand.
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HELP IN PAYING A MORTGAGE.
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A loan was due at the bank; a mortgage on his property, as well as large notes.
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The holder of the mortgage did not call as usual for his interest.
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In great surprise the tradesman dropped a note, saying he would meet his demand, but if not all the mortgage was needed, its extension would benefit the use of the capital in his business.
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To his surprise, he received a reply that the mortgage would be extended one-half until the next interest day, and the rest might be paid now if it could be spared.
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A sudden opportunity in business arose which enabled him to see how to use the rest of the money he had on hand, as capital, whereby he could clear within three months the remainder of the mortgage before it became due.
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Second Tything, Anson Ward, to Charles Odingsell, the consideration being $1,500, one hundred dollars in cash, the rest secured by bond and mortgage, payable in one, two, and three years, with 8 per cent interest from date.
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His entire fortune had consisted of only two thousand pounds, and though it had been invested in mortgages at five per cent, he had not been able to live on the interest.
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Philip had lately sold one of the mortgages in which his money had been put; and now, with five hundred pounds in the bank waiting to be invested in something that could be more easily realised, he felt himself uncommonly well-to-do.
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He had recently sold the last mortgage in which his small fortune had been invested and now had only six hundred pounds left.
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He thought of writing to the solicitor who had been his father's executor, but he could not bring himself to, for it was contrary to his express advice that he had sold the mortgages in which his money had been invested.
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How many thousands thought themselves rich, in New York and Chicago, in fact everywhere, when they were really poor,-as any man is poor when his house or farm is not worth the mortgage.
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It had been easy to secure heavy mortgages on inflated values, and also to get a great interest on investments; but when these mortgages and investments shrank to what they were really worth, the holders of them became embarrassed and impoverished.
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Don't you worry about the sheriff selling me out, for if I live I can easily make a go of it, and if I should die suddenly, I've a $10,000.00 life insurance policy in the Farmers' Mutual that will pay off the mortgage and leave something for Bettie besides.
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Of course, it cost something to take out a policy of $10,000.00; everything of value costs, but an insurance policy that pays off the mortgage, if I happen to die, relieves me of all worry.
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Her aunt picked up the sheet and read it over carefully and said: "The farm shows a gross earning of $12,420 for the new year, and after paying the interest on the mortgage and loans of $1860; $2000 for wages and $2214 for new furniture, piano, victrola and new automobile, a total of $6074, it still leaves a balance $6346, as a net gain, and that without counting the earnings from the sand pit.
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If we do as well this coming year as we did last year, we ought to have the farm free and clear, but, of course, we won't have to depend on that as we have the earnings from the sand pit to help out, if we want to use it for that purpose, but instead of paying off the mortgage in full, I think we will irrigate the seven acres along the main road and put that field under intensive cultivation.
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Their one mainstay was the home, which, barring a six-hundred-dollar mortgage, the father owned.
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Examples of Mortgage

Example #1
It illustrates how God, in his trials of faith to see if His people do really cling to the promises, compels them to march right into the scene of danger, and into the mouth of the cannon, that apparently is open specially to shoot them down.
Example #2
He did not have the money-did not know where to obtain it.
Example #3
The last moment came-no money-no relief.
Example #4
His_, to save him from reproach, and not let his trust in the Lord suffer dishonor before others.
Example #5
A business man in New York had several large amounts due for payment.
Example #6
PRAYERS ANSWERED IN BUSINESS AND SOCIAL ANXIETIES.