§ 54-69. Bonds as payment. - North Carolina Statutes

§54‑69.  Bonds as payment.

If the association givesnotice to a debtor for repayment of the mortgage loan the latter must pay tothe association in cash or in its bonds at par the face of the same so far asit has not yet been covered by his assets in the amortization and payments. (1925,c. 223, s. 21.)