mortgagor

[ mawr-guh-jer ]

/ ˈmɔr gə dʒər /

a person who mortgages property.

Origin of mortgagor

First recorded in 1575–85; mortgage + -or²

A mortgage is prepared by the solicitor of the mortgagee, and the mortgagor bears the whole expenses of the transaction.

Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 3 |Various
Equity gives the mortgagee the right to cut off the mortgagor's equity of redemption by foreclosure.

Cyclopedia of Commerce, Accountancy, Business Administration, v. 3 |Various
In that event the mortgagee will be entitled to a deficiency judgment against the mortgagor.

Commercial Law |Samuel Williston, Richard D. Currier, and Richard W. Hill
Whenever there is a mortgage, there is an equity of redemption in favor of the mortgagor.

Cyclopedia of Commerce, Accountancy, Business Administration, v. 3 |Various

When the mortgagor pays the mortgage debt, he is entitled to a written satisfaction of the debt.

Cyclopedia of Commerce, Accountancy, Business Administration, v. 3 |Various

mortgagor

/ (ˈmɔːɡɪdʒə, ˌmɔːɡɪˈdʒɔː) /

property law a person who borrows money by mortgaging his property to the lender as security