<Ul> <Li> the living gage (Norman vif gage, Welsh prid), whereby the estate's accruing rents, profits, and crops went toward reducing the debt (that is, the debt was self - redeeming); </Li> <Li> the dead gage (Norman mort gage, Scots deid wad), whereby the rents and profits were taken in lieu of interest but did not reduce the debt . </Li> </Ul> <Li> the living gage (Norman vif gage, Welsh prid), whereby the estate's accruing rents, profits, and crops went toward reducing the debt (that is, the debt was self - redeeming); </Li> <Li> the dead gage (Norman mort gage, Scots deid wad), whereby the rents and profits were taken in lieu of interest but did not reduce the debt . </Li> <P> The gage was unattractive for lenders because the gagor could easily eject the gagee using novel disseisin, and the gagee--merely seized ut de vadio "as of gage"--could not bring a freeholder's remedies to recover possession . Thus, the unprofitable living gage fell out of use, but the dead gage continued as the Welsh mortgage until abolished in 1922 . </P>

The person who gets a real estate loan by signing a note and mortgage is the