Illinois Compiled Statutes 755 ILCS 5/1-2.13 – “Mortgage” includes trust deed in the nature of a mortgage
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Terms Used In Illinois Compiled Statutes 755 ILCS 5/1-2.13
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
“Mortgage” includes trust deed in the nature of a mortgage.