In case of an English mortgage, the mortgagor binds himself to repay the mortgage money on a certain date and transfers the mortgaged proper...
In case of an English mortgage, the mortgagor binds himself to repay the mortgage money on a certain date and transfers the mortgaged property absolutely to the mortgagee. This is subject to the condition that he will retransfer it to the mortgagor upon payment of the mortgage money as agreed