248. Remedies available to an equitable mortgagee.

(iv)     Remedies of an Equitable Mortgagee

248.     Remedies available to an equitable mortgagee.

An equitable mortgagee is entitled to possession if there is a special agreement or the court so orders1. He may appoint a receiver if empowered to do so expressly or by statute; otherwise an application to the court is necessary2. If an express or statutory power exists he may sell the property3 and may have express powers enabling him to convey the legal estate4. He may obtain an order for sale5, specific performance6, or