Michigan Laws > Chapter 565 > Act 236 of 1929 – Recording Waiver of Priority of Mortgage
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| § 565.391 | Waiver of mortgage priority; recording; fees |
Terms Used In Michigan Laws > Chapter 565 > Act 236 of 1929 - Recording Waiver of Priority of Mortgage
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o