128. Agriculture and Rural Development Bank to receive money and give Discharge.- Notwithstanding anything contained in section 121, all moneys due under the mortgage shall unless other wise directed by the State Agriculture and Rural Development Bank or the Trustee and communicated to the mortgagor, be payable by the mortgagor to the Agriculture and Rural Development Bank, and such payment shall be as valid as if the mortgage had not been so transferred and the Agriculture and Rural Development Bank shall in the absence of specific direction to the contrary, issued by the Stage Agriculture and Rural Development Bank or Trustee and communicated to the bank, be entitled to sue on the mortgage or take any other proceeding for the recovery of the moneys due under mortgage.
|