Section 10-10.5. Power to sell in a mortgage  


Latest version.
  • Where  a power to sell real property is given to a mortgagee or to the
      transferee in any other conveyance intended to  secure  the  payment  of
      money, the power is deemed a part of the security, and passes to and may
      be  exercised  by  any  person,  who by assignment or otherwise, becomes
      entitled to the money so secured to be paid.