New Hampshire Revised Statutes 554:34 – Proceeds
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Terms Used In New Hampshire Revised Statutes 554:34
- Executor: A male person named in a will to carry out the decedent
- 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.
- Probate: Proving a will
The proceeds of such mortgage under license shall be accounted for to the probate court in accordance with the provisions of this title and on approval of the final account, the administrator or executor shall be discharged from liability for said note and mortgage. The executor or administrator shall notify the mortgagee of his discharge.