If foreclosure has been commenced by action and a deficiency remains after the foreclosure sale, such holder shall be entitled to a general execution for such deficiency only upon application to the court

— under SHORT-TERM REDEMPTION MORTGAGES.

Source: SL 1977, ch 187 , § 16; SL 1981, ch 170 , § 5; SL 1989, ch 191 , § 4.