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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 2209   View pdf image (33K)
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MORTGAGES. 2209

money, or in any way affect or postpone the lien of any landlord upon
goods or chattels for the satisfaction or security of rent due or accruing.

If a mortgage is insufficient in its execution and recording, such recording is not
notice to creditors of vendor's lien. Davis v. Harlow, 130 Md. 166.
As to purchase money mortgages, see sec. 4.

As to the enforcement of vendors' liens in equity, see art. 16, sec. 238.
See sec. 2 and notes and art. 83, sec. 12.

An. Code, sec. 32. 1910, ch 216, sec. 31 (p. 203).

32. In all deeds or other instruments of writing retaining a lien or
charge upon the estate or property thereby conveyed, as provided in the
preceding section of this article, there may be inserted a clause authoriz-
ing the vendor, his personal representatives or assigns, or any other person
to be named therein, to sell the property or estate upon such terms and
on such contingencies as may be expressed therein; and where interests
in any lien so retained are held under one or more assignments or other-
wise, the power of sale shall be held divisible, and he or they holding
any such interest who shall first institute proceedings to execute such
power shall thereby acquire the exclusive right to sell such property or
estate.

See sec. 6, et seq., and notes.

An. Code, sec. 33. 1910, ch. 216, sec. 32 (p. 204).

33. All sales made in pursuance of such authority shall be made, re-
ported and confirmed, and the purchase money distributed in the same
manner and subject to and in accordance with all the provisions and con-
ditions contained in this article relating to sales of mortgaged property;
and all such sales, when confirmed by the court and the purchase money
paid, shall pass to the purchaser or purchasers, thereat all the title which
the vendor or vendors in said deed or instrument of writing had in the
property therein described at the time of the recording thereof, and all the
title the vendor or vendors acquired thereby, and a decree in personam
against the vendee may be entered for the amount of -any unsatisfied por-
tion of the purchase money in the same manner as provided for the entry
of such decrees against the mortgagee in cases of mortgage sales.
See sec. 24.

An. Code, sec. 34. 1910, ch. 216, sec. 33 (p. 204).

34. It may be provided in such deed or instrument of writing retain-
ing a lien as aforesaid that in cases of sales of property under the preced-
ing sections any notes or other instruments of indebtedness mentioned in
such deed or other instrument under which the property therein men-
tioned was sold shall be paid and satisfied in full in the order of their
maturity; provided, however, that if any of such notes or instruments of
indebtedness shall have been paid or satisfied, no further proceedings shall
be had in reference thereto or the satisfaction thereof, but the funds arising
from such sales shall be distributed as if said notes already paid or satis-
fied had never been given.

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 2209   View pdf image (33K)
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