GroundRules
ORS 86.020: Covenant to pay money not implied.
Where this section sits in the code
- 02 - Business Organizations, Commercial Code
- 9. Mortgages and Liens
- Chapter 86 — Mortgages; Trust Deeds
No mortgage shall be construed as implying a covenant for the payment of the sum thereby secured. When there is no express covenant for such payment contained in the mortgage, and no bond or other separate instrument to secure such payment shall have been given, the remedies of the mortgagee shall be confined to the lands mentioned in the mortgage.
Collected 2026-09-03T23:50:11Z. Source file · JSON