US Laws, Codes, Statutes & Cases

 
    § 420. Enforcement of mortgages, charges, liens and incumbrances.  All
  charges,  liens  and  incumbrances  on  registered  property,  or on any
  estate, right or interest in the same, and all  rights  therein  may  be
  enforced  as  now  allowed  by  law;  and all laws with reference to the
  foreclosure,  release  or  satisfaction  of  mortgages  shall  apply  to
  mortgages  on  registered  property  or on any estate, right or interest
  therein, except as herein otherwise  provided,  and  except  that  until
  notice  of  the  pendency  of any suit to enforce such mortgage, charge,
  lien or incumbrance is filed in the registrar's office  and  a  memorial
  thereof  entered  on  the certificate in the title book, the pendency of
  such suit shall not be notice to the registrar or to any person  dealing
  with  the property or any right or interest therein. Upon the sale under
  foreclosure or other action or proceeding directing  the  sale  of  real
  property, the title to which is then a registered title, it shall be the
  duty  of  the officer making the sale to report such sale to the justice
  assigned to the "title part" of the special term,  who  shall  thereupon
  designate  an  official  examiner of title to examine into the action or
  proceeding or any other fact or circumstance affecting the  title  since
  the  last  registration thereof. The examiner of title shall prepare his
  report immediately and shall file one copy with  the  court  designating
  him  and  one  copy with the officer making the sale. The officer making
  the sale shall not deliver  a  deed  of  the  property  sold  until  the
  examiner's  report  is filed with him showing the regularity of the acts
  and proceedings subsequent  to  the  last  registration  of  title.  The
  justice  of  the "title part" shall upon the production of the deed from
  the officer making the sale and upon the report of the examiner  approve
  said  deed  and  make  an  order directing the registrar to register the
  title accordingly. The fees for the services of  the  official  examiner
  under  this  section  shall not exceed the sum of five dollars unless an
  additional allowance is directed by the justice of the "title part. "