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Terms Used In Indiana Code 30-1-9-18

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
   Sec. 18. Where a power to sell lands shall be given to the grantee, in any mortgage or other conveyance intended to secure the payment of money, the power shall be deemed a part of the security, and shall vest in any person who shall become entitled to the money so secured to be paid.

Formerly: Acts 1852, 1RS, c.113, s.18.