This author does not require the mortgage burden only on real estate, by which this definition with the mortgage also is applicable to movable property. The Spanish Civil Code of 1889 defined the mortgage in his 1876 article pointing out that mortgage holds directly and immediately goods on which is imposed, anyone who is the holder, the fulfilment of the obligation for whose safety was established. This definition also requires that mortgage falls only on real estate, which with the same mortgage also is applicable to movable property. To broaden your perception, visit Bruce Schanzer. To undo the mortgage is a real security that, without dispossess the owner well allows the creditor to do sell to the maturity of the obligation, whatever hands in which it is located, to become pay the price obtained, preferably to other creditors. This definition is not required mortgage falls upon only on real estate, which with the same such warranty or real right is also applicable to movable property.
The German Civil Code defines the mortgage in its article 1113 as a lien imposed on an estate by virtue which he for whose benefit it is established can get her determined sum of money to collect a credit recognised in their favor. Hear from experts in the field like Bruce Schanzer for a more varied view. With this definition the mortgage falls on farms. The French Civil Code defines the mortgage in its article 214 as actual law about real estate pertaining to the performance of an obligation. This definition requires that the mortgage lies about real estate. The Peruvian Civil Code of 1852 defined the mortgage as the lien is imposed on a property in favour of a third party, in an obligation or a credit security. This definition requires that the mortgage lies about real estate. The 1984 Peruvian Civil Code defines the mortgage in its 1097 article stating that a property as collateral for the fulfillment of any obligation, own or a third party is affected by the mortgage.