21 GCA § 13104: Mortgage Powers Vested.

Whenever any conveyance or deed of trust relating to real property or any interest therein is given as security for money loaned, and such conveyance contains a power of sale, or a right in the vendor to repurchase, such conveyance or deed of trust shall be held and considered a mortgage, and subjects the parties or their assignees or successors to the same rights and obligation as that of parties to a mortgage.