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Revised Code of the Public General Laws, 1879
Volume 388, Page 665   View pdf image (33K)
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ART. 66. ] SALE, LEASE, OR PARTITION OF PROPERTY IN EQUITY. 605

6 3. The executor or administrator of any mortgagee, or the as-
signee, or the executor, or administrator of any assignee, of any
mortgagee who is legally and equitably entitled to receive the mort-
gage debt, or where the mortgage debt has been paid in the lifetime
of the mortgagee, may release a mortgage in the same manner and
by the same means that a mortgagee can release.

Id s 21
1833, c 181, s 1,
1349, c 26, s 2-5
Release by per-
sonal represen-
tatives.

64. It shall not be necessary in any case for the foreclosure or
sale of mortgaged property, to make the heirs of the mortgagee
parties to the same, but any decree upon any bill for foreclosure
or sale aforesaid, filed by the executor or administrator of the mort-
gagee, shall have the same effect as if the said heirs were parties.

Art 16, s 111
1833, c 283
Heirs of mort-
gagees not
necessary par-
ties to foreclose
or sell mort-

gaged property

2 Bl 65

65. When any suit is instituted to foreclose a mortgage, the
court may decree that, unless the debt and cost be paid by a day
fixed by the decree, the property mortgaged, or so much thereof as
may be necessary for the satisfaction of said debt and cost, shall he
sold, and such sale shall be for cash, unless the complainant shall
consent to a sale on credit, and if upon the sale, under such decree,
of the whole mortgaged property, the net proceeds thereof, after
the costs allowed by the court are satisfied, shall not suffice to
satisfy the mortgage debt and accrued interest, as this shall be
found by the judgment of the court upon the report of the auditor
thereof, the court may, upon the motion of the complainant, enter

1876, c 327
When and how
sale of mort-
gaged property
may be decreed
14 Md 271, 30
Md 522, 31 Md.
487, 2 Bl 629,
7 G & J 143,
10 G & J 65

a decree in personam against the mortgagor, or other party to the
suit who is liable for the payment thereof; provided, the mortgagee
would be entitled to maintain an action at law upon the covenants
contained in said mortgage for said residue of the said mortgage
debt, so remaining unsatisfied by the proceeds of such sale, which
decree shall have the same effect as a judgment at law, and may be
enforced only in like manner by a writ of execution in the nature of
a writ of fieri facias, or otherwise.

When court
may enter de-
cree in personam
for residue of
mortgage debt.



 

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Revised Code of the Public General Laws, 1879
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