23. To be valid, a mortgage must be signed by the
Answer: D
A mortgage must be signed by the mortgagor.
A mortgage is a legal document that secures a loan with real property, and it must be signed by the mortgagor, who is the borrower in the transaction.
A) vendee
The vendee is typically the buyer in a real estate transaction but is not directly responsible for signing the mortgage, which secures the loan against the property. Thus, this option is incorrect in the context of who must sign a mortgage.
B) vendor
The vendor, or seller, may be involved in the transaction but is not required to sign the mortgage agreement itself. The mortgage must be signed by the mortgagor, making this option incorrect.
C) mortgagee
The mortgagee is the lender or entity providing the loan secured by the mortgage. While the mortgagee may have a stake in the transaction, they are not the party required to sign the mortgage document, rendering this option incorrect.
D) mortgagor
The mortgagor is the borrower who takes out the mortgage loan and is responsible for repaying it. It is essential for the mortgagor to sign the mortgage to make it valid, confirming this option as the correct answer.
Conclusion
In summary, the mortgagor must sign the mortgage document to validate the loan agreement. Other parties, such as the vendee, vendor, and mortgagee, are not required to sign this document, which highlights the unique role of the mortgagor in the mortgage process. Thus, option D is definitively correct while all other options fail to meet the criteria for signing the mortgage.