| A is an agreement which is used for encumbering the real property as a for the repayment of a loan. The owner of the property is the mortgagor, also, at the same time, the debtor, which has borrowed a loan from the creditor, typically a bank. In order to secure the fulfilment of the payment obligation of the , a mortgage has been created on the real property. In case of a payment default, the may acquire the title to the property which has been used to secure the loan. |