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Session Laws, 1951
Volume 603, Page 1802   View pdf image (33K)
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1796 LAWS OF MARYLAND [CH. 596

payments otherwise required by the land instalment contract,
except with the consent of the mortgagor; such consent may
be
evidenced by the execution of a mortgage. Such mortgage
shall contain the usual covenants by the mortgagor for the pay-
ment of the mortgage debt, the taxes on the mortgaged prop-
erty and the ground rent, if
any, and the premiums on fire and
extended coverage insurance in an amount equal to the mort-
gage indebtedness, if obtainable, and if not then in the highest
amount of such insurance obtainable. It shall also contain the
usual remedies upon default by way of a power of sale to the
mortgagee, Ms assigns or his attorney and/or a consent by the
mortgagor to a decree for sale in pursuance of Sections 6 to 16,
inclusive, of Article 66 of the Annotated Code of Maryland, as
said sections were enacted by Chapter 12 of the Acts of 1950,
or any amendments thereof. The deed and mortgage executed
in pursuance of this section shall entirely supersede the land
instalment contract.

120. (DefaultNotice. ) (1) When the vendee is in default
in the payment of any sum due under a land instalment con-
tract, or under any covenant, condition or requirement thereof,
such default being expressed in the contract as a ground for
forfeiture, the vendor shall, as a condition to the exercise of
such right, AND AS A CONDITION TO THE EXER-
CISE OF ANY RIGHTS OF FORCLOSURE, AS HERE-

INAFTER PROVIDED FOR, THE VENDOR SHALL, AS
A CONDITION TO THE EXERCISE OF HIS REMEDY,
first serve written notice on the vendee of intention to termi-
nate
, at least thirty (30) days before such action may become
effective.

(2) The notice shall state:

(a) the amount of the payments in default, and

(b) that the contract shall terminate on a designated day
not less than thirty (30) days after the delivery or mailing of
such notice, unless prior thereto the vendee shall have complied
with the terms and conditions in regard to which the default
has occurred.

(3) Such notice must be delivered to the vendee personally
or be sent to him by registered mail to his last known address,
AND COMPLIANCE WITH THIS SUB-SECTION SHALL
BE CERTIFIED TO BY APPROPRIATE AFFIDAVIT
FILED IN PROCEEDINGS.

(4) If the vendee on or before the date designated in the
notice complies with the terms and conditions in respect to
which the default has occurred, the contract shall continue in



 

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Session Laws, 1951
Volume 603, Page 1802   View pdf image (33K)
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