What is the responsibility of the mortgagor?

When money is borrowed to purchase real estate, the lender requires the mortgagor to sign a note. The mortgagor must fulfill one or more obligations as owner and borrower. The obligations can include paying principal and interest of the mortgage, paying municpal realty taxes, maintain adequate insurance to protect the property, and maintaining the property in good order and other duties. As long as the obligations are fulfilled and payments are on time, the mortgagor owns the property free and clear.