1070                            Laws of Maryland                      [Ch. 349

any, and the premiums on fire and extended coverage insurance in
an amount equal to the mortgage 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, his assigns or his attorney and/or a consent
by the mortgagor to a decree for sale in pursuance of the Maryland
rules. The deed and mortgage executed in pursuance of this section
shall entirely supersede the land installment contract.

10-104. Recordation.

Any land installment contract shall be indexed and recorded among
the land records in the office of the clerk of the circuit court for
the county or of the clerk of the Superior Court of Baltimore City,
as the case may be, in which the property which is the subject of
such contract is located. From and after the time of such recording,
the property shall be deemed, as to all persons who claim any in-
terest in or lien upon said property arising after the time of such
recording, to be held, by the then record owner of fee simple or
leasehold title to the property, subject to the rights and interest of
the vendee of said contract as stated in said contract.

10-105. Compliance with terms and conditions by vendee on or be-
fore date designated in notice to terminate.

If the vendee, on or before the date designated in a notice from
the vendor of intention to terminate a land installment contract due
to the vendee's default, complies with the terms and conditions in
respect to which the default has occurred, the contract shall con-
tinue in full force and effect, notwithstanding any contrary pro-
vision or provisions in the contract.

10-106. Statement to be furnished by vendor.

Every vendor under a land installment contract shall, (1) annually
within thirty days of the first of each calendar year, or (2) on de-
mand of the vendee no more than twice a year, and (3) whenever
40 percent of the original cash price has been paid, furnish a state-
ment 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.

10-107. Right of vendee to enforce provisions of subtitle.

Upon the failure of any vendor to comply with the provisions of
10-103 (h) or 10-106 of this subtitle, the vendee shall have the right
to enforce these sections in a court of equity. Upon the determina-
tion of said court that the vendor has failed to comply with these
provisions, the court shall grant appropriate relief and shall require
the vendor to assume all court costs as well as a reasonable counsel
fee for vendee's attorney.