Book Four: Real Securities · Section One: Mortgage · Chapter Two: Effects of the Mortgage · Part One: Effects of the Mortgage between the Contracting Parties · Second: Effects of a Mortgage with Respect to the Mortgagee
If it is stipulated in the registered mortgage contract or in a subsequent agreement to transfer ownership of the mortgaged property in the mortgagee in exchange for their debt if the mortgagor does not pay it at the specified maturity, or if it is stipulated to sell it without observing the legal procedures, the mortgage shall remain valid and the condition shall be void.
Interpretation and application must be checked against the official text and current version.
