86.020 Covenant to pay money not implied
67 words·~1 min read·
/or/ors-chapter-86/mortgages-trust-deeds/86-020·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
86.020 Covenant to pay money not implied. No mortgage shall be construed as implying a covenant for the payment of the sum thereby secured. When there is 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.