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The Collaborative International Dictionary
Dismortgaging

Dismortgage \Dis*mort"gage\ (?; 48), v. t. [imp. & p. p. Dismortaged; p. pr. & vb. n. Dismortgaging.] To redeem from mortgage. [Obs.]
--Howell.

Wiktionary
dismortgaging

vb. (present participle of dismortgage English)