Terms Used In Illinois Compiled Statutes 320 ILCS 30/8

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
     Nothing in this Act (a) affects any provision of any mortgage or other instrument relating to land requiring a person to pay real estate taxes or (b) affects the eligibility of any person to receive any grant pursuant to the “Senior Citizens and Persons with Disabilities Property Tax Relief Act”.