As a name, Fergus forms a link between Ireland and Scotland, as Gaelic tradition has it that Irish Prince Fergus Mac Eirc and his two brothers crossed the sea and founded the kingdom of Argyll in Scotland, thereby making this an excellent choice for parents of either ora combined heritage.n Celtic lore, Fergus was the ideal of manly courage; Fergus is a charming, slightly quirky Scottish and Irish favorite.
Soâ¦What is the mortgagee clause? The mortgagee clause is the legal description of the entity that has financial interest in any piece of property. Typically, the mortgagee clause contains the name and address of the lender as well as the loan number. Pretty straightforward. You may also see the following letters or words contained in the mortgagee clause.
Provision in a mortgage allowing for the freeing of part of a property from the mortgage after a proportional amount of the mortgage has been paid. â You should try to work a release clause in to any contract to give you more flexibility later on in the deal.