New Hampshire Revised Statutes 479:16 – Decree; Record
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Terms Used In New Hampshire Revised Statutes 479:16
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
Upon such amount being brought into court and lodged with the clerk, the court shall decree that the mortgage be discharged, and a copy of such decree recorded in the registry of deeds for the county in which the lands lie shall have the same effect as a release duly executed by the mortgagee.