Massachusetts General Laws
Chapter 183 - Alienation of Land
Section 20 - ''statutory Condition'' in Mortgages

Section 20. The following ''condition'' shall be known as the ''Statutory Condition'', and may be incorporated in any mortgage by reference:
(CONDITION.)
Provided, nevertheless, except as otherwise specifically stated in the mortgage, that if the mortgagor, or his heirs, executors, administrators, successors or assigns shall pay unto the mortgagee or his executors, administrators or assigns the principal and interest secured by the mortgage, and shall perform any obligation secured at the time provided in the note, mortgage or other instrument or any extension thereof, and shall perform the condition of any prior mortgage, and until such payment and performance shall pay when due and payable all taxes, charges and assessments to whomsoever and whenever laid or assessed, whether on the mortgaged premises or on any interest therein or on the debt or obligation secured thereby; shall keep the buildings on said premises insured against fire in a sum not less than the amount secured by the mortgage or as otherwise provided therein for insurance for the benefit of the mortgagee and his executors, administrators and assigns, in such form and at such insurance offices as they shall approve, and, at least two days before the expiration of any policy on said premises, shall deliver to him or them a new and sufficient policy to take the place of the one so expiring, and shall not commit or suffer any strip or waste of the mortgaged premises or any breach of any covenant contained in the mortgage or in any prior mortgage, then the mortgage deed, as also the mortgage note or notes, shall be void.

Structure Massachusetts General Laws

Massachusetts General Laws

Part II - Real and Personal Property and Domestic Relations

Title I - Title to Real Property

Chapter 183 - Alienation of Land

Section 1 - Acts or Ceremonies Necessary for Conveyance by Deed

Section 1a - Instruments Not Under Seal

Section 2 - Estate Conveyed by Quitclaim Deed

Section 3 - Estate Created Without Instrument in Writing

Section 4 - Effect of Recordation or Actual Notice of Deeds or Leases, or of Assignments of Rents or Profits

Section 5 - Recording of Instruments; Evidence of Delivery

Section 5a - Recording of Statements Relating to Title; Use as Evidence

Section 5b - Affidavits Relating to Title; Recording

Section 6 - Name and Address of Grantee; Recital of Consideration; Failure to Comply

Section 6a - Instruments Conveying Unregistered Land; Sufficient Description or Identification; Recording; Failure to Comply

Section 6b - Address of Property Affected

Section 6c - Residence and Address of Mortgagee or Assignee

Section 6d - Endorsement on Mortgages and Assignments of Mortgages Secured by Residential Property; Contents; Failure to Comply

Section 7 - Conveyance by Grantor Notwithstanding Disseisin or Adverse Possession; Title; Grantee's Rights

Section 8 - Statutory Forms; Alteration or Substitution; ''incorporation by Reference'' Defined

Section 9 - Rules and Definitions Relating to Deeds or Other Instruments

Section 10 - Warranty Deed

Section 11 - Quitclaim Deed

Section 12 - ''grant'' as Word of Conveyance

Section 13 - Words of Inheritance

Section 14 - Uses and Trusts

Section 15 - Easements, Privileges and Appurtenances Belonging to Granted Estate

Section 16 - ''warranty Covenants''

Section 17 - ''quitclaim Covenants'' or ''limited Covenants''

Section 18 - Mortgage Deeds

Section 19 - ''mortgage Covenants''

Section 20 - ''statutory Condition'' in Mortgages

Section 21 - ''statutory Power of Sale'' in Mortgage

Section 22 - Co-Operative Bank Mortgage

Section 23 - ''statutory Co-Operative Bank Mortgage Condition''

Section 24 - ''statutory Co-Operative Bank Power of Sale''

Section 25 - Purchase by Holder of Mortgage at Foreclosure Sale

Section 26 - Possessory Interest of Mortgagor

Section 27 - Disposition of Proceeds of Foreclosure Sale; Itemized Accounting Provided to Mortgagor

Section 28 - Assignment of Mortgage; Words of Transfer

Section 28a - Subsequent Loans From Mortgagee; Priority

Section 28b - Open-End Mortgage; Subsequent Loans From Mortgagee

Section 28c - Refinancing in the Borrower's Interest

Section 29 - Necessity of Acknowledgment of Deed; Recordation

Section 30 - Method of Making Acknowledgment

Section 31 - Acknowledgment of Married Woman

Section 32 - Letters of Attorney; Applicability of Law

Section 33 - Certificates of Authority

Section 34 - Proof of Execution of Deed by Testimony of Subscribing Witness

Section 35 - Proof of Execution by Proving Handwriting

Section 36 - Refusal of Grantor to Acknowledge; Proof of Execution by Testimony of Subscribing Witness

Section 37 - Refusal of Grantor to Acknowledge; Proof of Execution by Proving Handwriting

Section 38 - Recording of Unacknowledged Deed; Effect

Section 39 - Proof of Execution of Deed; Necessity of Subscribing Witness

Section 40 - Certificate of Proof of Execution

Section 41 - Proof of Deed Made Outside Commonwealth

Section 42 - Forms for Acknowledgments and Certificates of Authority

Section 43 - Vesting of Title or Interest by Operation of Decree in Equity

Section 44 - Effect of Recording or Registration of Copy of Decree

Section 45 - Conveyance in Fee by Person Seized as Tenant in Tail

Section 46 - Conveyance in Fee by Life Tenant and Vested Remainderman in Tail

Section 47 - Barring of Equitable Estates Tail

Section 48 - Conveyance of Equitable Fee; Entitlement to Conveyance of Outstanding Legal Estate

Section 49 - Sale and Conveyance or Mortgage by Trustee Appointed by Probate Court

Section 50 - Notice of Petition to Appoint Trustee; Appointment of Next Friend

Section 51 - Bond of Trustee; Proceeds of Sale or Mortgage

Section 52 - Sale of Land Charged With Payment of Money; Petition; Decree; Bond of Trustee

Section 53 - Effect of Deed, Bond or Other Instrument Made in Defeasance

Section 54 - Definitions Applicable to Secs. 54 to 55; Method of Discharge of Mortgage

Section 54a - Defective Discharges of Mortgages Held by Entirety; Effect

Section 54b - Mortgage Discharge, Release, Assignment, Foreclosure, etc.; Execution Before Officer Entitled to Acknowledge Instruments; Effect

Section 54c - Recordation of Discharge; Effect; Discharge by Mortgage Servicer or Note Holder Who Is Not Holder of Record

Section 54d - Request for Written Payoff Statement; Time for Transmittal; Contents; Corrected Statement; Penalties; Fees

Section 55 - Discharge of Mortgage; Contents and Recording; Liability for Failure to Discharge or Negligent Discharge; Affidavits

Section 56 - Mortgage Notes; Provisions for Prepayment

Section 57 - Home Mortgage Notes; Prepayment Penalty; Effect of Taking by Eminent Domain

Section 58 - Real Estate Abutting a Way, Watercourse, Wall, Fence, or Other Monument

Section 59 - Late Charges or Penalties

Section 60 - Notes Secured by Liens, Amortization of Principal by Maturity; Conditions; Variable Rate of Amortization; Exemptions

Section 61 - Payment of Interest by Mortgagee; Request for Exemption

Section 62 - Payment of Taxes to City or Town by Mortgagee; Due Date

Section 63 - Loan Fees; Residential Property Mortgages; Disclosure

Section 63a - Revisions in Mortgage Terms; Restrictions; Fees

Section 63b - Recordation of Real Estate Mortgage Prohibited Until Proceeds of Loan Paid to Mortgagor

Section 64 - Discrimination in Residential Mortgage Loans on Basis of Location of Property

Section 65 - Acceptance of Written Memorandum as Evidence of Insurance

Section 66 - Required Insurance; Limitation

Section 67 - Reverse Mortgage Loans on Residential Property; Requirements

Section 68 - Mortgagees Licensed as Insurance Producers; Mortgage Loans Secured by Residential Real Estate; Conditions and Limitations

Section 69 - Flood Insurance; Limits on Amount of Coverage Required to Be Purchased