Rhode Island § 34-11-21 § 34-11-21. Statutory mortgage condition.

Rhode Island Statutes

§ 34-11-21 — § 34-11-21. Statutory mortgage condition.

Rhode Island·Title 34 Property·Ch. 34-11 Form and Effect of Conveyances

§ 34-11-21. Statutory mortgage condition.
The following condition shall be known as the "statutory conditionâ€�, and may be incorporated
            in any mortgage by reference:
         

(Condition)
Provided, nevertheless, and this conveyance is made upon the express condition, that
            if the mortgagor or his or her heirs, executors, administrators or assigns shall pay
            to the mortgagee or his or her heirs, executors, administrators, or assigns the principal
            and interest of that certain promissory note bearing even date with this deed and
            secured by this deed, and shall perform every other

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§ 34-11-21. Statutory mortgage condition.

The following condition shall be known as the "statutory conditionâ€�, and may be incorporated in any mortgage by reference:

(Condition)

Provided, nevertheless, and this conveyance is made upon the express condition, that if the mortgagor or his or her heirs, executors, administrators or assigns shall pay to the mortgagee or his or her heirs, executors, administrators, or assigns the principal and interest of that certain promissory note bearing even date with this deed and secured by this deed, and shall perform every other obligation secured by this deed, at the time provided in the promissory note or in this deed, and shall also pay all taxes and assessments of every kind levied or assessed upon or in respect of the mortgaged premises, then this deed, as also the promissory note, shall become and be absolutely void to all intents and purposes whatsoever.

Rhode Island § 34-11-21 (§ 34-11-21. Statutory mortgage condition.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.