1-348. Payment made to court; land sold on default.
The payment must be made to the plaintiff, or into court for his use, and the land is bound therefor, and if the defendant fails to make the payment within or at the times limited therefor, the court may order the land sold and the proceeds applied to the payment of said value and interest, and any surplus to be paid to the defendant; but if the net proceeds are insufficient to satisfy the said value and interest, the defendant is not bound for the deficiency. (1871-2, c. 147, s. 13; Code, s. 485; Rev., s. 664; C.S., s. 707.)
Structure North Carolina General Statutes
North Carolina General Statutes
§ 1-340 - Petition by claimant; execution suspended; issues found.
§ 1-341 - Annual value of land and waste charged against defendant.
§ 1-342 - Value of improvements estimated.
§ 1-343 - Improvements to balance rents.
§ 1-344 - Verdict, judgment, and lien.
§ 1-345 - Life tenant recovers from remainderman.
§ 1-346 - Value of premises without improvements.
§ 1-347 - Plaintiff's election that defendant take premises.
§ 1-348 - Payment made to court; land sold on default.
§ 1-349 - Procedure where plaintiff is under disability.