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