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Terms Used In South Carolina Code 27-19-80

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
As soon as the Secretary of State shall receive the process in § 27-19-70 mentioned, he shall advertise the sale of such lands in a newspaper of the county or other nearest gazette and also in the most public places of the county in which the lands lie, giving six weeks’ public notice, on a credit of twelve months, payable in lawful money. He shall, moreover, take good and sufficient surety and a mortgage of the premises before the title shall be altered or changed.