The mortgagee should exercise mortgages in limitation of action. 第十二条抵押权的实现Article 12Realization of mortgage 在担保责任发生后,抵押权人有权与抵押人协议将抵押物折价或者以拍卖、变卖抵押物所得的价款优先清偿主债权。协议不成的,抵押权人有权依法请求人民法院拍卖、变卖抵押物。 处分抵押物所得款项在...
Borrower’s Rights to Reinstate clause deals with the mortgagor’s right to reinstate the original repayment terms in the note before the mortgagee has caused an acceleration of the debt. ( ) A mortgage must meet requirements imposed by the law of the state in which the property offered as ...