§ 9-26-9 — Proceeds of sale of mortgaged property.
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The proceeds of the sale shall be applied to the payment of the amount due on
the mortgage, with such deduction for interest for the anticipated payment, or
allowance for damages for such anticipated payment, as may be ascertained and
allowed by the court to which the execution is returnable, and the balance
shall be applied to the payment of the amount due on the execution.