§4762. Proceeds of sale of mortgaged property; sale without tender
After deducting his fees and charges of sale, the officer shall apply the proceeds of the sale of property mortgaged or pledged to the payment of the sum paid or tendered to the mortgagee, pledgee or holder, and the interest thereon from the time of such payment; and the residue of such proceeds shall be applied to the satisfaction of the plaintiff's judgment as provided by law; or the plaintiff may have the property seized and sold on the execution, as in other cases, subject to the rights and interests of such mortgagee, pledgee or holder, without paying or tendering the debt due to him.
Structure Maine Revised Statutes
TITLE 14: COURT PROCEDURE -- CIVIL
Part 5: PROVISIONAL REMEDIES; SECURITY
Subchapter 3: SALES ON EXECUTION
14 §4751. Goods sold on execution
14 §4754. Adjournment of sale; time
14 §4755. Adjournment to different place
14 §4756. Indemnity may be required
14 §4757. Buyer's refusal; penalty
14 §4758. Return of sale; fraud in sale or return
14 §4759. Disposal of proceeds
14 §4760. Buildings on leased land sold for land rent; redemption
14 §4761. Warrant against turnpike and other corporations taking toll
14 §4762. Proceeds of sale of mortgaged property; sale without tender