Page:The Civil code of Japan (IA cu31924069576704).pdf/120

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  1. A copy of the registry book, so far as it relates to the immovable; but it is not necessary to insert therein those entries which relate to rights already extinct;
  2. If the creditors have not in compliance with the provisions of Art. 384 within one month demanded the sale of the immovable by auction for the sake of obtaining a higher price, a document stating that the purchaser will in accordance with the rank of the obligations pay or deposit the price mentioned under No. 1 or a specified amount of money.

384.

A creditor who does not within one month after having received the service mentioned in the preceding article demand a sale by auction for the sake of obtaining a higher price, is considered to have assented to the offer of the purchaser.

A creditor who demands a sale by auction for the sake of obtaining a higher price must state that he will himself buy the immovable at a price of one tenth higher than that offered by the purchaser in case such price or a higher price is not obtained at the auction.

In such case the creditor must give security for the price and expenses.

385.

A creditor who demands a sale at auction according to Art. 384, must within the period specified in the preceding article give notice thereof to the debtor and the grantor of the mortgaged immovable.

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