The sale of any part of the property conveyed by mortgage, deed of trust, or other instruments intended to secure the payment of money, either under a power of sale contained in a mortgage, or by a judicial foreclosure, shall operate as a foreclosure of the mortgage only as to the property sold, and if the mortgage indebtedness is not thereby satisfied in full, the other property contained in the mortgage continues as security for the mortgage debt and there may be a further foreclosure of the mortgage, either by sale under power of sale or by foreclosure.
Every power of sale contained in mortgages unless otherwise expressly provided therein, is held to give a continuing power of sale authorizing the mortgagee or his assignee after default, to sell the mortgaged property from time to time in separate lots or parcels.
Structure Code of Alabama
Article 1A - Foreclosure by Power of Sale for Mortgages Executed After December 31, 1988.
Section 35-10-11 - Definitions.
Section 35-10-12 - Execution of Foreclosure by Power of Sale; Effect; Indexing of Deeds.
Section 35-10-13 - Notice of Sale; Minimum Standards.
Section 35-10-14 - Place and Time for Conducting Foreclosure by Power of Sale.