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Mortgage considerations

Jul 21, 2010
By Marius Matiukas, Associate lawyer

ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kontora (Continued from last issue) The mortgage of land extends to construction works as appurtenances, unless the mortgage contract provides for otherwise. If the mortgage of land does not extend to construction works, after the foreclosure sale of the mortgaged land the owner of the construction works shall acquire the right of servitude of the land. When the mortgaged plot of land with construction works on it belongi ...

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