498

APPENDIX.

Mortgage of Personal Property.

Form of mort-
gage of per-
sonal pro-
perty.

131. A mortgage of personal properly may be made
in the following form or to the like effect,
I, ,of county,
Maryland, being now indebted to , of
county, Maryland, in the sum of
dollars with interest from , in
consideration thereof, do hereby bargain and sell to the
said the following property (here describe
property,) provided that if I, the said shall
pay to the said the stud sum of
dollars with the interest thereon, on or before the
day of , then these presents shall be void.

Witness my hand and seal this day of

[Seal.]

Covenant, &c.
may be added.

132. Any covenant, restriction or proviso, allowed
by law, may be added, annexed to, or introduced into
the foregoing form.

Implied cove-
nant.

133. A mortgage, made in the above form, shall be
deemed as containing an implied covenant by the mort-
gagor to pay the debt and interest specified in said
mortgage.

Proviso.

134. A proviso in a mortgage of personal property,
in the following form, or to the like effect, Provided,
that in default of payment, the said (the mortgagee)
may sell the above mortgaged property in the following
manner (here insert place, terms, manner and notice of
sale,) shall be construed and have the same effect as if
the following proviso or agreement had been therein
inserted :

Provided, and it is hereby agreed between the par-
ties to these presents, that if default shall be made by
the said (mortgagee,) his executors or administrators,
in payment of the said sum of
dollars, or any part thereof, and interest thereon, at the
time specified in these presents, then and in such case
it shall be lawful for the said (the mortgagor) to sell all
the property specified in these presents, or so much
thereof as may be necessary to pay said sum of
dollars and interest thereon, and
expenses of said sale in the following manner (here in-
sert, place, terms, manner and notice of sale,) and the
proceeds arising from said sale to be applied, first to the