§ 9-26-9 - Proceeds of sale of mortgaged property. - Rhode Island Statutes

SECTION 9-26-9

   § 9-26-9  Proceeds of sale of mortgagedproperty. – The proceeds of the sale shall be applied to the payment of the amount due onthe mortgage, with such deduction for interest for the anticipated payment, orallowance for damages for such anticipated payment, as may be ascertained andallowed by the court to which the execution is returnable, and the balanceshall be applied to the payment of the amount due on the execution.