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Examples
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A deed of covenant by the heir of a mort - gagor iand others to levy a fine as a fecurity of a debt on mortgage, under fpecial circum - fiances, and for perTormancc of an award; the ufes of the finemily declared, with good cove - nants (the whole Jpecialy and well drawn).
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Every mortgage, though without a covenant or bond to pay the money, implies a loan, and every loan implies a debt; therefore an heir of a mort - gagor fhall compel an application of the perfonal edate to pay off a mort - gage, nctwithflanding there was no covenant, bfc, from the mortgagor.
Reports of Cases Argued and Determined in the High Court of Chancery, and of Some Special Cases ... William Peere Williams 1793
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Every mortgage, though without a co - venant or Ixnid to pay the money, implies a loan, and every loan implies a debt; therefore, an heir of a mort - gagor shall compel an application of tiie personal estate to pay off a mort - gage, notwithstanding there was no covenant, &c. from the mortgagor.
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