I live in PA and hold a mortgage that says “The obligations, covenants, conditions and agreements contained in this Mortgage are binding, and the benefits thereof will insure to the heirs, successors and assigns of the Mortgagor and the successors and assigns of the Mortgagee”. Does this mean the Mortgage is assignable? I was told it was when I signed it but after reviewing it the last part is confusing.
If it is assignable would that make the note attached to it assignable as well?