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Terms Used In Wisconsin Statutes 708.05

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01

When 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 and may be executed by any person, who, by assignment or otherwise, shall become entitled to the money so secured to be paid.