Marvin Mandel, Governor                          1041

unpaid at the time of the transfer or conveyance, the vendor shall
not have a lien or charge on the property for any other or different
sum of money than the sum that shall appear to be due on the face
of the deed or instrument of conveyance, together with the time or
times set for payment. Nothing herein contained shall be construed
to affect in any way any mortgage or deed of trust given by a pur-
chaser to secure the payment of all or any part or parts of the pur-
chase money, or in any way affect or postpone the lien of any land-
lord upon goods or chattels for the satisfaction or security of rent
due or accruing.

7-202. Power of sale; title of purchaser.

All the provisions of Section 7-105 (a) hereof shall also be ap-
plicable to instruments where a valid vendor's lien is reserved and to
sales pursuant to the vendor's lien is reserved and to sales pursuant
to the vendor's authority to sell. A court of equity may decree a sale
to enforce a vendor's lien or any other equitable lien although the
lienor may have an adequate remedy at law.

7-203. Payment of Notes.

Any deed or other instrument retaining a valid vendor's lien may
provide that in the event of a sale, any notes or other instruments
of indebtedness mentioned in such deed or other instrument under
which the property therein mentioned was sold, shall be paid and sat-
isfied in full in the order of their maturity; however, if any of such
notes or instruments of indebtedness shall have been paid or satis-
fied, no further proceedings shall be had in reference thereto or the
satisfaction thereof, but the funds arising from such sales shall be
distributed as if said notes already paid or satisfied had never been
given. If the lien be duly released of record after the date of the
maturity of the notes, other instruments, or debt therein mentioned,
such notes, other instruments, or debts shall be conclusively presumed
to have been paid so far as any lien upon the property or estate
mentioned in the said deed or instrument is concerned.

7-204. Assignment or release of lien.

Assignment or releases of vendor's liens may be made by the holder
of the lien in the same manner prescribed for the short assignment
or release of a mortgage. A release may also be written by the holder
of the lien upon the record in the office where the deed is recorded
or may be endorsed on the original deed.

7-205. Acceptance of guarantee or collateral does not waive lien.
The acceptance by the vendor of any guarantee or endorsement,
or collateral, or other security to insure the full payment of any ven-
dor's lien, shall not in any case be construed as a waiver of such lien,
but the vendee, his heirs, personal representatives or assigns, shall
be credited with the proceeds from the sale of any such collateral
or other securities.

Title VIII—Landlord and Tenant

Subtitle 1. Ground Rents
8-101. Effect of covenant for perpetual renewal in lease.

Whenever the tenant in any lease containing a covenant for per-
petual renewal, or any person claiming under such tenant shall
have retained or shall retain uninterrupted possession of the demised
premises, or any part thereof, for twelve months after the expira-