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§34-11-19  Contents and effect of short-form mortgage deed. –

Published: 2015

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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.)