Alabama § 35-10-11 Definitions

Alabama Statutes

§ 35-10-11 — Definitions

Alabama·Title 35 Property·Ch. 10 Mortgages·Art. 1A Foreclosure by Power of Sale for Mortgages Executed After December 31, 1988

Unless the context otherwise requires, the words defined in this section shall have the following meanings when they appear in this article:

(1)MORTGAGE. Any mortgage, deed of trust, or any other instrument intended to secure the payment of money, such as an instrument which includes a vendor’s lien.

(2)MORTGAGEE. All mortgagees, grantees or creditors in any mortgages, any trustees under deeds of trust, or any persons entitled to the money secured by any instrument intended to secure the payment of money such as an instrument which includes a vendor’s lien.

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Unless the context otherwise requires, the words defined in this section shall have the following meanings when they appear in this article:
(1) MORTGAGE. Any mortgage, deed of trust, or any other instrument intended to secure the payment of money, such as an instrument which includes a vendor’s lien.
(2) MORTGAGEE. All mortgagees, grantees or creditors in any mortgages, any trustees under deeds of trust, or any persons entitled to the money secured by any instrument intended to secure the payment of money such as an instrument which includes a vendor’s lien.

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