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used in The Souls of Black Folk

10 uses
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a real estate loan; or to offer real estate as collateral for a loan

(collateral is something that has to be given to the lender if the loan isn't paid as agreed)
  • The landlord therefore demands his rent in cotton, and the merchant will accept mortgages on no other crop.
    Chapter 8 (49% in)
  • Even the bits which are left are heavily mortgaged, and, like the rest of the land, tilled by tenants.
    Chapter 7 (23% in)
  • He had worked here twelve years and has nothing but a mortgaged mule.
    Chapter 7 (80% in)
  • If Sam seems a favorable subject, he and the merchant go to a lawyer, and Sam executes a chattel mortgage on his mule and wagon in return for seed and a week's rations.
    Chapter 8 (44% in)
  • As soon as the green cotton-leaves appear above the ground, another mortgage is given on the "crop."
    Chapter 8 (45% in)
  • The security offered for such transactions—a crop and chattel mortgage—may at first seem slight.
    Chapter 8 (46% in)
  • So skilfully and so closely has he drawn the bonds of the law about the tenant, that the black man has often simply to choose between pauperism and crime; he "waives" all homestead exemptions in his contract; he cannot touch his own mortgaged crop, which the laws put almost in the full control of the land-owner and of the merchant.
    Chapter 8 (48% in)
  • He shows his Northern visitor the scarred and wretched land; the ruined mansions, the worn-out soil and mortgaged acres, and says, This is Negro freedom!
    Chapter 8 (75% in)
  • Above the croppers come the great mass of the black population who work the land on their own responsibility, paying rent in cotton and supported by the crop-mortgage system.
    Chapter 8 (80% in)
  • The crop-lien system which is depopulating the fields of the South is not simply the result of shiftlessness on the part of Negroes, but is also the result of cunningly devised laws as to mortgages, liens, and misdemeanors, which can be made by conscienceless men to entrap and snare the unwary until escape is impossible, further toil a farce, and protest a crime.
    Chapter 9 (28% in)

There are no more uses of "mortgage" in The Souls of Black Folk.

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