Section 153. Sale in parcels  


Latest version.
  • On any such foreclosure, if any person having
      title to a part of the mortgaged premises, by conveyance from or through
      the mortgagor, delivers to the comptroller an affidavit stating that  he
      has such title, and describing with certainty such part, the comptroller
      on  the  sale  under  such foreclosure shall cause to be first sold that
      part of the mortgaged premises not specified in the  affidavit.  If  the
      part so sold does not produce enough to satisfy the amount so unpaid and
      costs  and expenses he shall immediately cause such part or parts of the
      premises as have been conveyed by the mortgagor  and  described  in  any
      such  affidavit,  to be sold, and if more than one part of such premises
      has been so conveyed, and an affidavit  made  as  herein  required,  the
      comptroller  shall  cause  such parts to be sold in the inverse order of
      the dates of  such  conveyances,  if  it  is  necessary  to  sell  them,
      commencing  with  the part last conveyed by the mortgagor, and such sale
      shall cease when the proceeds of the sale are sufficient to satisfy  the
      amount so unpaid and such costs and expenses.