44-14-124
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44-14-124.
When
the maker of the deed, after being directed so to do, fails to pay the sums
demanded in the petition together with interest and costs as required by Code
Section 44-14-120 and also fails to set up and sustain his or her defense
against the enforcement of the rights of the trustee and the holders or owners
of the bonds, notes, or debts secured by the deed, the court shall give judgment
for the amounts which may be due under the deed to be levied on the real
property covered thereby. Upon the trustees making and recording a deed
reconveying the real property to the maker in the office of the clerk of the
superior court of the county where the land is located, the court shall order
the real property to be sold in the same manner and under the same regulations
which govern sheriff´s sales under execution; provided, however, that, if
the deed is filed and recorded as provided by law, the judgment shall be a lien
upon the real property which shall be superior to any claim or lien, except
taxes, whatsoever arising or created subsequent to the date of the deed to the
trustee.