Where the mortgaged property is perishable or is subject to deterioration or devaluation, or where its possession necessitates the incurring exorbitant expenses and the mortgagor is unwilling to replace it by another property, both the creditor and mortgagor may request the court to authorize him to sell it forthwith and determine the method of sale. The mortgage shall be transferred to the price generated from the sale.
Interpretation and application must be checked against the official text and current version.