In case of mortgage by conditional sale, the mortgagor ostensibly sells the mortgaged property on the condition that either on default of pa...
In case of mortgage by conditional sale, the mortgagor ostensibly sells the mortgaged property on the condition that either on default of payment of the mortgage money or on a certain date the sale will become absolute, or that on such payment being made the sale will become void, or on such payment being made the buyer will transfer the property to the seller.