2702

The Court of First Instance Part in whose jurisdiction all the mortgaged properties are located shall have jurisdiction and exclusive venue to take cognizance of the summary mortgage procedure, whatever the amount of the obligation may be, and without admitting in any way the submission of another party to the contrary.\nIf the encumbered property is located in the jurisdiction of more than one Part, or when several mortgaged properties are located in the jurisdictions of different Court of First Instance Parts, any of them may have jurisdiction and shall be competent to take cognizance of the summary procedure.\nIn cases covered by the preceding paragraph, the parties may choose any one of the competent Parts by mentioning it in the mortgage deed.\nHistory —Mortgage Law, 1979, § 202.