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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 386   View pdf image (33K)
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386 ARTICLE 66.

8.

Cited but not construed in Knapp v. Knapp, 149 Md. 220 (See notes to art.
93, sec. 290).

9.

In case of resale ordered by court at purchaser's risk, under art. 16, sec. 239,
previous sale being under this section and reported to court for ratification, etc.,
court becomes vendor and assignee of mortgage is agent or trustee of court.
Postponement of sale. Interest. Bilbrey v. Strahorn, 153 Md. 494.

See notes to sec. 7.

10.

Cited in dissenting opinion in Bilbrey v. Strahorn, 153 Md. 499.

11.

See notes to sec. 6.

12.

See notes to sec. 6.

16.

Demurrer to bill to enjoin mortgage sale was sustained for insufficient allega-
tions, but second bill containing additional allegations, sufficient to comply with
this section, prevents action on first bill from being adjudication of matters
presented in second bill. First Mort., etc., Assn. v. Nelson, 151 Md. 187.

Case believed not to be within this section and the two following ones. What
these sections contemplate. Wolf v. Oldenburg, 154 Md. 359 (separate opinion).

17.

See notes to sec. 16.

18.

To last note to this section, page 2205, vol. 2, of Code, add: Cf. Wolf v. Olden-
berg, 154 Md. 358.
See notes to sec. 16.

24.

Deficiency decree against wife properly entered under this section, though
she may not have been fully aware of contents of note and mortgages. Kush-
nick v. Lake, etc., Assn., 153 Md. 638, distinguished. Bletzer v. Cooksey, 154 Md.
574.

See notes to art. 16, sec. 232.

25.

Notwithstanding this section, In view of art. 16, sec. 35, and art. 21, secs. 19
and 21, and sec. 44, et seq., when corporation transfers mortgage note, the debt,
as between holder of mortgage and assignee of notes, becomes property of latter,
and mortgage is held by mortgagee in trust for assignee. Rights of such
assignee superior to subsequent judgment creditor of assignor, as well as to
prior general creditors or trustee in bankruptcy. Object of this section. In re
Bowling Const. Corp., 19 Fed. (2nd), (Dist. Ct. Md. ), 604. (Affirmed in Sapero
v. Neiswender, 23 Fed. (2nd), (C. C. A. 4th), 403, pointing out that a contrary
construction would nullify provision of art. 13, secs. 49, 50, 70, 71, 75 and 76. )

This section determines ownership of debt secured by mortgage only as it
affects conflicting claims with respect to rights under mortgage or in property
embraced therein. Sapero v. Neiswender, 23 F. (2nd), (C. C. A. 4th), 405.

Mortgage clause on insurance policy held not to enure to benefit of purchasers
of property under foreclosure. Royal Ins. Co. v. Drury, 150 Md. 229.


 

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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 386   View pdf image (33K)
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