TITLE 34
Property
CHAPTER 34-11
Form and Effect of Conveyances
SECTION 34-11-19
§ 34-11-19 Contents and effect of
short-form mortgage deed.
A deed substantially following the form entitled "Mortgage Deed" shall, when
duly executed, have the force and effect of a mortgage deed to the mortgagee
and his or her heirs and assigns, to his or her and their own use, with
mortgage covenants and upon the statutory condition and with the statutory
power of sale, as defined in §§ 34-11-20 34-11-22 inclusive,
to secure the payment of the money and the performance of any obligation or
obligations therein specified or referred to; provided, however, that any other
lawful covenant, agreement, condition or power may be inserted or incorporated
by reference in such mortgage deed and any of the terms and provisions of the
mortgage covenants, statutory condition and statutory power of sale may be
changed, amended, deleted or supplemented by any lawful agreement, covenant,
condition or power specified or incorporated by reference in such mortgage deed.
History of Section.
(P.L. 1927, ch. 1056, § 11; G.L. 1938, ch. 436, § 10; G.L. 1956,
§ 34-11-19; R. P.L. 1957, ch. 112, § 1.)
