The Mortgage refers as intent in property created as a form of security for a loan or payment of a debt and terminated on payment of the loan and debt. The borrower i.e. mortgagor may have the interest in the right of occupancy or lease. See section 2 of land Act No.4/1999.
The types of Mortgage we have are:
1). Customary Mortgages;
2). Small Mortgages; and
3). Big Mortgages
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