What is a Mortgage?

None of the above

An immovable property

A right by which the ownership right to real property may be encumbered in order to obtain security for a designated claim

Under a mortgage, a mortgagor can claim satisfaction from the subject matter of the mortgage:

irrespective of whose ownership it is/who is entitled to it with a statutory entitlement to satisfaction with priority over the personal creditors of the owner of the property

only if bankrupt is claimed

depending on the ownership of who is entitled to it with a statutory entitlement to satisfaction with priority over the personal creditors of the owner of the property

Under the Principle of indivisibility of a mortgage

a mortgage cannot be established on a piece of real estate

a mortgage can be established on a piece of real estate

a mortgage is indivisible from itself

A mortgage secures:

a claim up to half of a specified sum of money

a claim up to a specified sum of money

a claim superior to a specified sum of money

The agreement establishing the mortgage

should specify the legal relationships.

should specify the legal relationships and the resulting secured claims.

should specify the resulting secured claims.

In the event that the mortgage debtor fails to pay the matured mortgage claim

the creditor loses any rights due to administrative enforcement

the creditor may seek satisfaction through court proceedings

the creditor cannot seek satisfaction through court proceedings

To enforce the Expiry of a mortgage

a statement of the real estate owner is required attached to the application for deletion of the mortgage

It is never possible to enforce the expiration of a mortgage

a statement of the real estate owner can be presented but it is not mandatory