mortgage requirements: written agreement, both parties have capacity to consent, a valid debt (the not provides evidence of this), legal description of the property being pledged, and 4 more 1)the mortgaging clause that pledges the property or grants the r e as security. 2) covenants. 3) signature of the MORTGAGOR (only). and 4) acceptance by the mortgagee (when the wire transfer goes thru!!!)