35-22-01. Foreclosure under power of sale - Prohibition - Exception

35-22-01. Foreclosure under power of sale - Prohibition - Exception Every mortgage of real property held by the state or any of its agencies, departments, or instrumentalities, containing a power of sale, upon default being made in the conditions of such mortgage, may be foreclosed by advertisement in the manner provided by law. No other mortgage of real property shall be so foreclosed, but must be foreclosed by action.