Okla. Stat. tit. 70, § 70-634
This is the official text of Okla. Stat. tit. 70, § 70-634, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Default - Foreclosure - Receivership
Official statutory text
In case of default in the payment of interest due upon any loan
made by the Commissioners of the Land Office or upon the failure of
the mortgagor, or his assigns, to comply with any of the terms or
conditions of any mortgage as therein provided, it shall be the duty
of any court of competent jurisdiction in action to foreclose such
mortgage upon the application of the Commissioners and a showing of
default or breach of any of the terms of said mortgage to appoint a
receiver to take charge of the real estate covered by said mortgage
which said receiver shall be authorized and empowered to take full
charge of said real estate pending the final determination of said
action, and the occupant of said premises, whether he be the fee
owner of said real estate or otherwise, shall surrender possession
of said real estate to the said receiver or secure a lease on said
premises from the said receiver and shall account to said receiver
for all rents arising from said real estate, and the court wherein
said action is pending shall have authority to enforce the
provisions hereof by ordering the removal of the occupant of the
premises involved in any action, in case said occupant should fail
to comply with the provisions hereof.
made by the Commissioners of the Land Office or upon the failure of
the mortgagor, or his assigns, to comply with any of the terms or
conditions of any mortgage as therein provided, it shall be the duty
of any court of competent jurisdiction in action to foreclose such
mortgage upon the application of the Commissioners and a showing of
default or breach of any of the terms of said mortgage to appoint a
receiver to take charge of the real estate covered by said mortgage
which said receiver shall be authorized and empowered to take full
charge of said real estate pending the final determination of said
action, and the occupant of said premises, whether he be the fee
owner of said real estate or otherwise, shall surrender possession
of said real estate to the said receiver or secure a lease on said
premises from the said receiver and shall account to said receiver
for all rents arising from said real estate, and the court wherein
said action is pending shall have authority to enforce the
provisions hereof by ordering the removal of the occupant of the
premises involved in any action, in case said occupant should fail
to comply with the provisions hereof.
Status: in_force · Read it on the official government site
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