Such sale shall be made upon such terms as are mentioned in such deed; and if no terms are therein mentioned, then upon the following terms, to-wit: If the property to be sold is real estate, one third of the purchase money cash in hand, one third thereof, with interest, in one year, and the residue thereof, with interest, in two years from the day of sale, taking from the purchaser his notes, with good security, for the deferred payments, and either retaining the legal title as further security or conveying the legal title and reserving in the deed of conveyance a lien for the deferred purchase money, or otherwise securing the same; if the property to be sold be personal estate, then for cash.
Structure West Virginia Code
Article 1. Vendor's and Trust Deed Liens
§38-1-1. Vendor's Lien; Its Enforcement
§38-1-2. Form of Deed of Trust; Memorandum of Deed of Trust May Be Recorded
§38-1-3. Sales Under Trust Deeds
§38-1-4a. Statute of Limitations for Sales by Trustees
§38-1-6. Form of Trustee's Deed
§38-1-7. Application of Proceeds; Action to Recover a Deficiency
§38-1-8. Return of Account of Sale; Forfeiture of Commissions on Failure to Account
§38-1-8a. Reports by Trustee to County Clerk; Additional Information to Be Filed With Report of Sale
§38-1-9. Recordation of Account of Trustee
§38-1-10. Who May Require Trustee to Give Bond; New Trustee on Failure to Give; Notice
§38-1-11. Amount and Approval of Bond of Trustee; Recordation; Effect of Failure to Give
§38-1-12. Bond of New Trustee Appointed by Court; Recordation
§38-1-13. Substitution of Trustees Under a Trust Deed Securing a Debt
§38-1-15. Validity of Deed of Trust Upon Renewal of Loan
§38-1-16. Sale of Real Property Pursuant to a Deed of Trust; Preexisting Tenancy