§ 2202 - Motion; decree - Vermont Statutes

§ 2202. Motion; decree

The motion shall set forth a description of the property to be mortgaged, pledged or assigned, the amount of money necessary to be raised, the nature and amount of the obligation to be secured and the purpose for which the money or security is required. The decree of the probate court shall fix the amount for which the mortgage, pledge or assignment may be given, the terms thereof and the rate of interest which may be paid thereon, and the court may order the whole or any part of the money secured by the mortgage to be paid from time to time out of the income of the property mortgaged. (Amended 1985, No. 144 (Adj. Sess.), § 97.)