RSA 477:29 Statutory Form of Power of Sale Mortgage.

A deed in substance following the form appended to this section, when duly executed and delivered, shall have the force and effect of a mortgage deed to the use of the mortgagee and his heirs, successors and assigns with the mortgage covenants and upon the statutory conditions and with the statutory power of sale as defined in the following paragraphs:
I. In a conveyance of real estate, the words "mortgage covenants" shall include in their meaning the same meaning as given to "warranty covenants" in RSA 477:27.
II. The words "statutory conditions," except as otherwise specifically stated in the mortgage, shall mean: "Provided, nevertheless, that if the mortgagor, his heirs, executors and administrators, successors and assigns shall pay unto the mortgagee or his executors