Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1910-05-20
PUBLIC GENERAL LAWS OF 1910.

all or any part or parts of the pur-
chase money or in any way affect or
postpone the lien of any landlord up-
on goods or chattels for the satisfac.
ton or security of rent due or accru.
ing.
31-In all deeds or other instru-
ments of writing retaining a lien or
charge upon the estate or property
thereby conveyed, as provided in the
preceding section of this Article.
there may be inserted a clause au-
thorizing the vendor, his personal rep
resentatiyes or assigns, or any other
person to be named therein, to sell
the property or estate upon such
terms and on such contingencies as
may be expressed therein; and where
interests in any lien so retained are
held under one or more assignments
or otherwise, the power of sale shall
be held Invisible, and he or they hold
ing any such interest who shall first
institute proceedings to execute such
power shall thereby acquire the ex-
elusive right to sell such property or
estate
32-All sales made in pursuance of
such authority shall be made, report
ed and confirmed and the purchase
money distributed in the same man.
ner, and subject to and in accordance
WIN al Nht DlONiolOuo anu
contained in this Article relating to
sales of mortgaged property; and all
SUCH sales, when confirmed by the
Court and the purchase money paid
shall pass to the purchaser or plfr-
chasers, thereat all the title which
the vendor or vendors in said deed or
instrument OF writing had in the
property therein described at tbe
time of the recording thereof, and all
quired thereby, and a decree in per
sonam against the vendee may be en-
tered for the amount of any unsatisfi-
ed portion of the purchase money in
the same manner as provided for the
entry of such DEGREES against the
mortgages in cases of mortgage sales.
33-It may be provided in such
deed or instrument of writing retain
ing a lien as aforesaid that in cases
of sales of property under the pre-
ced1ng sections any notes or other in
struments of Indebtedness mentioned
in such deed or other instrument un-
der which the property therein men,
toned was sold shall be paid and sat
isfed in full in the order of their ma
turity;. provided, however, that if any
OF such notes or instruments of in
debtedness shall have been paid or
satisfied, no further proceedings shall
satisfaction thereof, but the funds
arising from such sales shall be dis
tributed as if said notes already
paid or satisfied had never been
given.
34-If such lien be duly released
of record after the date of the matur-
ity of the notes, other instruments,
or debts, or debts therein mentioned,
such notes, other instruments or
debts shall be conclusively presum.
ed to have been so far as any lien
upon the property or estate mention
ed in the said deed or instrument is
concerned.
35-As assignment or a release of
the lien retained by the vendor. as
hereinbefore provided, may be made
by the vendor, his assignee or per
sonal representative, or the. personal
representatives of his assignee, as
now provided by Sections 80 to SO.
both inclusive. of Article 21 of the
Code of Public General Laws of the
State of Maryland for the short as
signment or release of a mortgage:
and the clerk at the time of record
ing every deed or instrument retain
ing lien as aforesaid, shall leave
blank space at the foot thereof for
ments and release.
36, The acceptance by the vendor
OF any guarantee or endorsement or
collateral. or other security TO insure
the full payment of any lien express
ly retained as hereinbefore provided.
shall not in any case be construed as
= waiver of such lien: but the ven
dee, his heirs. personal representa-
tives or assigns. shall be credited
with the proceeds from the sale of
any such collateral or other securi-
ties.
37-The Clerks OF the Courts of
this State. whose duty ii is to record
conveyances, shall index all deeds re-
tanning a lien as provided in Sections
30 to &c. inclusive, Of this Article.
both as deeds as heretofore practic-
ed. and as vendors liens. in the same
manner as mortgages are indexed.
Sec. 2-And be it further enacted.
That this Act shall take effect from
the date of its passage.
Approved April II. 1910.