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Clement Dorsey. The general public statutory law and public local law of the state of Maryland : from the year 1692 to 1839 inclusive, with annotations thereto,and a copious index.
Volume 141, Page 209   View pdf image (33K)
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LAWS OF MARYLAND.— 1785.

209

raised by such sale, or so much thereof as is necessary, shall be
applied to discharge the debt secured by such mortgage; and if.
money sufficient to pay the debt secured by the mortgage is not
raised by a sale of the part foreclosed, and sold as aforesaid,
then the chancellor shall decree a sale of such other part of the
mortgaged premises as will be sufficient for that purpose.
As to mortgages in the city of Baltimore, by 1833., ch. 181, 283, where
the mortgagee files his assent after the mortgage is recorded, the court may
decree a sale. In case of mortgage of freehold estates, where the mortga-
gee is dead, not necessary to make heirs parties. Receipts of executors
or administrators to hare the same effect as a release or reconveyance.
By 1833, ch. 181, in cases of foreclosures or sale of mortgage, not neces-
sary to make heirs of mortgagee parties.
By idem. Docket entry of assignment of interest valid.
By idem. Docket entry of satisfaction to discharge mortgaged property.
By 1831, ch. 311, the court may decree a demise where infants are seized
in remainder or reversion, if the assent of the tenant of the particular estate
and of the subsequent or immediate remainder may be obtained, and also
when infants may be tenant of the particular estate for life or years.
By idem, may also decree a demise where the tenant of the particular
estate for life is of full age, and shall pray for such decree.
See 1835, ch. 380, the court may, before final hearing, decree a sale in
cases of liens.
Where a minor is a defendant and non-resident, the court may without
any other process issue a commission to take his answer, 1832, ch 302.
SEC. 2. By 1837, ch. 292, the bond required under this law is dispensed
with.

 

SEC. 3. And be it enacted, That in all cases of application to
the chancellor to foreclose any mortgage, he shall have full
power and authority, in case the party against whom the bill
shall be filed does not pay the sum due upon the mortgage by
the time limited in the decree for paying the same, to order and
direct that the mortgaged premises, or so much thereof as may
be necessary to discharge the money due and costs, be sold for
ready money, (unless the plaintiff shall consent to a sale on
credit,) by a proper person to be appointed by the chancellor,
and to order that the money raised by such sale be brought into
court to be paid to the plaintiff; and the person empowered to
make such sale shall give bond, with good security, to be
approved by the chancellor, for the faithful execution of the
trust, and full compliance with the order of the chancellor, and
upon failure to execute such trust, the party grieved shall have
a right to bring suit on such bond, or a copy thereof, against
principal and security or securities, and shall recover the money
for which the mortgaged premises shall have sold, and the plea
of non est faetum shall not be received, unless verified as afore-
said ; and the chancellor may also issue attachment of contempt
against the person empowered to sell as aforesaid, and his secu-
rity or securities, and may thereupon commit both principal and
27

On applica-
tion, &c.
chancellor
may direct
a sale, &c.



 
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Clement Dorsey. The general public statutory law and public local law of the state of Maryland : from the year 1692 to 1839 inclusive, with annotations thereto,and a copious index.
Volume 141, Page 209   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


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