Covenants; implication in mortgage.
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MI Code › Chapter 565 › Act R-S-of-1846 › Section 565.6
Text
Sec. 6.
No mortgage shall be construed as implying a covenant for the payment of the sum thereby intended to be secured; and where there shall be no express covenant for such payment contained in the mortgage, and no bond or other separate instrument to secure such payment, shall have been given, the remedies of the mortgagee shall be confined to the lands mentioned in the mortgage.
History: R.S. 1846, Ch. 65; CL 1857, 2725; CL 1871, 4208; How. 5656; CL 1897, 8960; CL 1915, 11692; CL 1929, 13282; CL 1948, 565.6
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