Sec. 6. No mortgage shall be construed as implying a covenant for the payment of the sum thereby intended to be secured; and where there shall be 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.
Mich. Comp. Laws § 565.6
Covenants; implication in mortgage
Applied in 1 court decision — leading case Wells Fargo Bank, NA v. Cherryland Mall Ltd. Partnership (2011)
Most recently applied in Wells Fargo Bank, NA v. Cherryland Mall Ltd. Partnership (December 2011)
R.S. 1846, Ch. 65; CL 1857, 2725; CL 1871, 4208; How. 5656; CL 1897, 8960; CL 1915, 11692; CL 1929, 13282; CL 1948, 565.6
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.