In a mortgage, who is the mortgagor and who is the mortgagee?

MORTGAGOR vs MORTGAGEE: MORTGAGOR = the BORROWER — they 'give' (grant) the mortgage to the lender as security for the loan; the suffix '-or' is the one giving; MORTGAGEE = the LENDER — they 'receive' the mortgage; the suffix '-ee' is the one receiving; MEMORY AID: The borrOWER OWES; the mortgagOR gives (and owes); the mortgagEE receives (the bank); SIMILAR PAIRS: Lessor (landlord, gives the lease) / Lessee (tenant, receives); Grantor (gives the deed) / Grantee (receives); Optionor (gives the option) / Optionee (receives); Vendor (seller) / Vendee (buyer); the '-or gives, -ee receives' pattern applies throughout real estate; this terminology is fundamental and frequently tested on the national exam; in a mortgage transaction, the borrower (mortgagor) pledges the property as security to the lender (mortgagee).