| 1. | In April the mill was ordered to be sold by the mortgagees.
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| 2. | In this one, it was the Council that was the mortgagee.
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| 3. | In August 2005 the company received approval as a HUD Approved Mortgagee.
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| 4. | _Mortgagee : The lender in a mortgage agreement.
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| 5. | Upon default, the mortgagee proceeds against lot X first, the mortgagor.
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| 6. | For the remaining ?0, 000 they would rank behind the second mortgagee.
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| 7. | By 1913 the property had been put up for auction by the mortgagees.
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| 8. | The rest, about $ 1 million, is helping to pay the mortgagee.
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| 9. | "But only subject to the first mortgagee's interest ."
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| 10. | But Cortez's previous mortgagee claimed it transferred the account in good standing.
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