LEGAL
MORTGAGE
Under
torrens
title
the mortgagor retains ownership of the land as registered proprietor
and the mortgagee acquires an interest in the property as mortgagee.
The mortgagee will register the mortgage on the certificate of title
and therefore, acquire a registered interest.
An
equitable mortgage on the other hand is one that is not registered
but can till be enforced in equity law.