Section 923. Security for credit on sale  


Latest version.
  • The portion of the purchase-money
      for which credit is allowed  in  the  interlocutory  judgment  shall  be
      secured at interest by a mortgage upon the property sold, with a bond of
      the  purchaser;  and  by  such additional security, if any, as the court
      prescribes. The officer making the sale may take separate mortgages  and
      other  securities  in  the name of the county treasurer of the county in
      which the property is situated  for  such  convenient  portions  of  the
      purchase-money  as  are directed by the court to be invested; and in the
      name of the owner, for the share of any known  owner  of  full  age  who
      desires to have it invested.