duty of the mortgagee to have the mortgage "discharged."

A complete settlement is when, all payments being made, the
mortgagee surrenders the note and its security, and causes to be
written by the register, on the margin of the copy in his books,
the words, "discharged," or "satisfied," affixing thereto his
official signature and the date.

ASSIGNMENTS

A mortgage is regarded in law as personal property.

A mortgage need not remain in the hands of the mortgagee in order
to be valid. It can be sold like bonds, stocks or other property,
and there are men who deal only in that form of security.

In order to sell a mortgage, the owner must make, to the
purchaser, what is known as an "assignment of mortgage."

The assignment should be recorded in the same way as the original
mortgage, the assignee paying the fee.

REDEMPTION OF MORTGAGES

While the rule as to the redemption of mortgages remains the same
in some localities that it formerly was, the law in most places is
now more lenient.

Now the mortgagor who has failed is usually given by law an
extension of time in which to make good the payment of principal