Technical Mortgage Law and Legal Definition

Technical mortgage refers to a conditional conveyance of land designed as security for the payment of money, or performance of some other act. It is a true or a formal mortgage.

A technical mortgage must contain a condition or defeasance making the instrument void upon performance of the condition. A formal expression is not essential. The defeasance must contain proper words to defeat or put an end to the deed of which it is intended to be a defeasance, as that it shall be void or of no force or effect. [Rees v. Hemisphere Publ'g Corp., 11 Conn. Supp. 403 (Conn. Super. Ct. 1943)].