There Is a Newer Version
of
the New York Laws
2023 New York Laws
RPP - Real Property
Article 8 - Conveyances and Mortgages
249 - Covenants in Mortgages.
Universal Citation:
NY Real Prop L § 249 (2023)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 249. Covenants in mortgages. A mortgage of real property does not imply a covenant for the payment of the sum intended to be secured; and where such covenant is not expressed in the mortgage, or a bond or other separate instrument to secure such payment has not been given, the remedies of the mortgagee are confined to the property mentioned in the mortgage.
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