P.R. Laws tit. 30, § 2566
2019-02-20 00:00:00+00
When several properties are mortgaged at the same time by a single loan, the amount or part of the lien which each must be liable for shall be specified.
Excepted from what is provided above, mortgages are constituted to secure farmers’ argicultural loans, are redeemable by partial annual payments for a period not less than ten years, and interest no higher than the maximum permissible interest rate, in accordance with what is established by the legislation in force, when the mortgage debtor so recognizes or admits this in the mortgage deed, or by any other authentic means.
History —Mortgage Law, 1979, § 170.