453. Who may exercise an express power of sale.

453.     Who may exercise an express power of sale.

An express power of sale1 is exercisable only by the persons who are designated for that purpose by the power2.

A power of sale in a mortgage to two mortgagees who are expressed to advance the money on a joint account3 is exercisable by the survivor4, but a power of sale in a mortgage to partners is not exercisable by one unless it is so expressed in the mortgage5.