Illinois Compiled Statutes 755 ILCS 5/20-11 – Terms of mortgage.) An order authorizing that a mortgage be made must …
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Terms Used In Illinois Compiled Statutes 755 ILCS 5/20-11
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Terms of mortgage.) An order authorizing that a mortgage be made must designate the time of the maturity thereof, the amount of the indebtedness and the rate of interest to be paid thereon.