THEODORE R. MCKELDIN, GOVERNOR 1797
full force and effect, notwithstanding any contrary provision
or provisions in the contract.
121. (STATEMENT BY VENDOR. ) EVERY VENDOR
UNDER A LAND INSTALMENT CONTRACT SHALL, ON
DEMAND OF THE VENDEE, FURNISH A STATEMENT
TO THE VENDEE SHOWING
(A) THE TOTAL AMOUNT PAID FOR
(1) GROUND RENT, IF ANY,
(2) INSURANCE,
(3) TAXES AND OTHER PERIODIC CHARGES;
(B) THE AMOUNT CREDITED TO PRINCIPAL AND
INTEREST; AND
(C) THE BALANCE DUE.
122. (DEFAULT—REMEDY OF VENDOR. ) UPON DE-
FAULT AND AFTER NOTICE TO THE VENDEE AS
AFORESAID, THE VENDOR, HIS PERSONAL REPRE-
SENTATIVES OR ASSIGNS, AFTER FILING AN AFFI-
DAVIT THAT THE PROVISIONS OF SECTION 120 HAVE
BEEN COMPLIED WITH, MAY MAKE A SALE OF
THE PROPERTY DESCRIBED IN THE LAND INSTAL-
MENT CONTRACT, UPON GIVING BOND AND COMPLY-
ING WITH THE PROVISIONS OF SECTION 6 (B), (C)
AND (D) OF ARTICLE 66 OF THE ANNOTATED CODE
OF MARYLAND, AS ENACTED BY CHAPTER 12 OF THE
ACTS OF 1950, OR, IF IN ANY SUCH LAND INSTAL-
MENT CONTRACT THE VENDEE SHALL DECLARE HIS
ASSENT TO THE SALE OF THE PROPERTY INVOLVED,
BY APPLYING TO THE PROPER COURT OF EQUITY
FOR A DECREE AUTHORIZING THE SALE OF SAID
PROPERTY UPON SUCH TERMS AS SAID COURT MAY
DEEM PROPER AND BY COMPLYING WITH THE PRO-
VISIONS OF SECTION 7 OF ARTICLE 66 AS AFORE-
SAID; PROVIDED, HOWEVER, THAT ALL SUCH
SALES SHALL BE MADE IN FURTHER COMPLIANCE
WITH SECTIONS 8 TO 15, INCLUSIVE, OF ARTICLE 66
AS AFORESAID, IT BEING THE INTENT OF THIS SEC-
TION THAT THE SALE OF THE PREMISES AS HEREIN
PROVIDED SHALL BE MADE IN THE SAME MANNER
AS IF SUCH LAND INSTALMENT CONTRACT WERE A
MORTGAGE AND THE VENDOR AND VENDEE A
MORTGAGEE AND MORTGAGOR, RESPECTIVELY; AND
PROVIDED FURTHER, THAT THE FOREGOING REM-
EDY SHALL BE THE SOLE REMEDY OF THE VENDOR
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