The Mortgage is used in Kansas. The primary difference between it and a deed of trust is the lack of a trustee. The mortgage conveys along with all other rights, the right to sell the subject property in the event of a default by the borrower (mortgagor) as described in the note, loan or mortgage. In the event of default, a foreclosure suit will be filed and heard in court.
*The section headings and summaries are for convenience only and are not to be used to interpret or define the terms of this Security Instrument.