As a name, Fergus forms a link between Ireland and Scotland, as Gaelic tradition has it that Irish Prince Fergus Mac Eirc and his two brothers crossed the sea and founded the kingdom of Argyll in Scotland, thereby making this an excellent choice for parents of either ora combined heritage.n Celtic lore, Fergus was the ideal of manly courage; Fergus is a charming, slightly quirky Scottish and Irish favorite.
Soâ¦What is the mortgagee clause? The mortgagee clause is the legal description of the entity that has financial interest in any piece of property. Typically, the mortgagee clause contains the name and address of the lender as well as the loan number. Pretty straightforward. You may also see the following letters or words contained in the mortgagee clause.
If you've been wondering what mortgages are used for, they are generally the means by which a loan creates a lien on real property. Many use the term mortgage to refer to both the loan note and mortgage. The mortgage note may be a separate loan document from the mortgage document itself. Mortgage forms can also contain the note and mortgage in the same form. The mortgage form does not create the loan, it creates the security interest in real property in case the loan isn't repaid. The mortgage agrees to use the property title as security for the loan.