| her industry provides. At common law, a mortgage was a conveyance of land that on its face was absolute and conveyed a fee simple canadian home mortgage rate but which was in fact conditional, and would be of no effect if certain conditions were not met --- usually, but not canadian home mortgage rate the repayment of a debt to the original landowner. Hence the word "mortgage," Law French for "dead pledge;" that is, it was absolute in form, and unlike a "live gage", was not conditionally dependent canadian home mortgage rate its repayment solely from raising and selling crops or livestock, or of simply giving the fruits of crops and livestock coming from the land that was mortgaged. The mortgage debt remained in effect whether or not the land could successfully produce enough income to repay canadian home mortgage rate debt. In theory, a mortgage required no further steps to be taken by the creditor, such as acceptance of crops and livestock, for repayment. In many U.S. states, however, a mortgage has been converted by statute to a |
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