442. Paramount effect of power of sale.

442.     Paramount effect of power of sale.

The power of sale is paramount to any subsequent arrangement between the mortgagee and mortgagor for the management of the premises. Thus where, by a deed subsequent to the mortgage, the mortgagee with power of sale and the mortgagor demised the mortgaged property to a receiver upon trust to grant leases, but the trusts were not declared to be subject to the power of sale, it was held that they were so in effect, and that the receiver must join in the conveyance to a purchaser from the mortgagee under