mortgagee

It is the deed always given by a mortgagee on the payment or discharge of his mortgage.

On the other hand a somewhat different rule applies between mortgagor and mortgagee.

This is a great responsibility to repose in the mortgagee, and he must perform the trust in good faith in every respect.

This rule, though, is denied by some courts, which hold he cannot because the officer is acting as the mortgagee's agent.

On the other hand, the mortgagee can transfer, sell or assign his mortgage to another, and this is often done.