1. The duties of a receiver towards the mortgagor have the same origin. 2. _Mortgagor : The borrower in a mortgage agreement. 3. Upon default, the mortgagee proceeds against lot X first, the mortgagor . 4. Historically the equity of redemption would naturally expire upon the mortgagor breaching the terms of repayment. 5. According to the attorney general of Arizona, the bank " repeatedly has deceived " such mortgagors . 6. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the mortgagor . 7. The former provides that, if the mortgagor defaults, the mortgagee may keep the property for his own. 8. _The mortgagor released Lot 13 to Whitewater Development, which transferred it to Hillary without payment of one penny. 9. The bond must be executed by the mortgagor , attested by the Registrar of Deeds and entered into the register. 10. Proceeds from the sale are used to satisfy the claims of the mortgagee primarily, with any excess going to the mortgagor .
