The words

Mortgagor = the borrower who gives the mortgage. Mortgagee = the lender who receives it. Grantor conveys; grantee gets. Chattel is personal property, not real property.

The actual law, so it can’t scare you later.

Actually means

The -OR owes, the -EE receives. Chattel is stuff, not land.

Plain English. No legalese survives this step.

Live example

A "mortgage on real property" question swaps in chattel to see if you know chattel is personal, not real.

A scene you can picture.

Killer question

Own the pairs (mortgagor/mortgagee, grantor/grantee, lessor/lessee) and the chattel trap. Remember: the mortgagee cannot take the mortgagor’s acknowledgment.

Exactly how the exam asks it.