01203nam a22002297a 4500 36526 OSt 20260707172555.0 090528t xxu||||| |||| 00| 0 eng d KE-NaSUL KE-NaSUL 36526 36521 Ayodo, Harold 62458 Mortgage types and their legal requirements Harold Ayodo Nairobi The Standard Group Thursday, January 29 2009 P.13 [Home and Away:property law], The Standard, January 29 2009 There are 4 legal mortgages entailed in the Indian Transfer of Property Act: *Simple mortgages-the prospective property owner is the mortgagor. *Usufructuary mortgage-investors given possession and authority to retain the property until they fully pay the debt. *English mortgage-mortgagor required to bind himself to repay the debt on a specific and transfer the mortgage property absolutely to the mortgagee. * Mortgage by condition of sale Mortgages simple mortgage 62459 Mortgages usufructuary mortgage 62460 Mortgages english mortgage 62461 Mortgages mortgage by condition of sale 62462 ART RG 36526 36521