P.R. Laws tit. 30, § 2563

2019-02-20 00:00:00+00
§ 2563. Interest payments due; security; increase in mortgage

In order to secure interest payments that are due and not paid which were not guaranteed in accordance with the preceding section, the creditor may demand an increase in the mortgage on the mortgaged property itself from the debtor. In no case shall this increase prejudice the real rights recorded prior to it. If the mortgaged property does not belong to the debtor, the creditor may not demand that the aforementioned increase be constituted on it, but he may exercise an equal right with regard to any other property or rights belonging to the debtor that may be mortgaged.

History —Mortgage Law, 1979, § 167.