Connecticut General Statutes 47-36i – Force and effect of the words “with mortgage covenants”
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In any conveyance of real property the words “with mortgage covenants” have the full force, meaning and effect of the following words: “The mortgagor covenants with the mortgagee that he is lawfully seized in fee simple of the mortgaged premises; that the same are free from all encumbrances, except as therein set forth; that he has good right, full power and lawful authority to sell and convey the same to the mortgagee and that he, the mortgagor, and his heirs and assigns, executors and administrators shall and will warrant and defend the same to the mortgagee and his heirs and assigns forever against the claims and demands of all persons except as therein set forth.”
Terms Used In Connecticut General Statutes 47-36i
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- his heirs and assigns: means , in the case of a corporation, limited liability company or partnership, "its successors and assigns". See Connecticut General Statutes 47-36a
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- mortgagee: include the plural and the masculine or feminine as the context requires and mean a natural person, a corporation, a limited liability company or a partnership. See Connecticut General Statutes 47-36a
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.