P.R. Laws tit. 30, § 2728
2019-02-20 00:00:00+00
The foreclosure procedures regulated in preceding sections shall be equally applicable to a case in which part of the principal or interest is not paid, when its payment must be made in different installments if any of them is due, without the debtor having fulfilled his obligation, and provided said stipulation is recorded. When it is necessary to dispose of the mortgaged property for the payment of principal and interest installments, and other installments on the obligation have yet to fall due, the sale shall be made and the property or right shall be conveyed to the buyer with the mortgage corresponding to that part of the loan which was not paid.
History —Mortgage Law, 1979, § 228.