Final answer:
Under the Land Titles Act, a 'Borrower' can also be referred to as a 'Mortgagor', which is a person who uses property as security for a loan.
Step-by-step explanation:
In the context of the Land Titles Act, an alternative term for 'Borrower' is commonly referred to as a 'Mortgagor.' This term designates an individual who obtains a mortgage and pledges property as collateral to secure the repayment of a loan. The mortgagor assumes the responsibility of adhering to the terms and conditions outlined in the mortgage agreement.
Typically, the obligations of the mortgagor encompass making regular payments to the lender, known as the 'Mortgagee.' These payments contribute to the repayment of the loan and, in turn, help maintain the integrity of the mortgage agreement. The relationship between the mortgagor and mortgagee is integral to the functioning of mortgage transactions, with the mortgagor acting as the party providing security for the loan and the mortgagee holding a legal interest in the property until the loan is repaid in full.