238. Power of attorney.

A power of attorney for the mortgagee to convey the property in the mortgagor's name may be included in the equitable mortgage as an alternative or in addition to the declaration of trust1. The mortgagor irrevocably2 appoints the mortgagee and the persons deriving title under him the attorney or attorneys of the mortgagor and the persons deriving title under him in his or their name and on his or their behalf to vest the legal estate in the mortgaged property in any purchaser or other person in exercise of the statutory powers