The vendor of land, as each payment of the purchase money becomes due, may bring an action to enforce such vendor’s lien as vendor, and may have so much of the land sold as may be necessary to pay the money then due. Code 1858, § 3563 (deriv. Acts 1857-1858, ch. 50, § 1); Shan., […]
The court of chancery has jurisdiction to enforce the vendor’s lien when the amount due is fifty dollars ($50.00) and over. Code 1932, § 8041; Acts 1933, ch. 96, § 1; C. Supp. 1950, § 8041; T.C.A. (orig. ed.), § 64-1003.
The suit shall be retained in court, and, as each of the payments becomes due, the court shall direct a sufficient quantity of the land to be sold to satisfy the same. Code 1858, § 3564 (deriv. Acts 1857-1858, ch. 50, § 1); Shan., § 5327; Code 1932, § 8038; T.C.A. (orig. ed.), § 64-1004.
If the land cannot be divided without material injury to the parties, or, if the vendee so direct, the court shall order it all to be sold at one (1) time, making the payments to fall due at such times as the purchaser has agreed to pay the vendor; and the money, as collected, shall […]
Whether the land is all sold, or is sold in parcels, the defendant shall have the right of redemption, as in other cases. Code 1858, § 3566 (deriv. Acts 1857-1858, ch. 50, § 3); Shan., § 5329; Code 1932, § 8040; T.C.A. (orig. ed.), § 64-1006.
