Article 348.

1. Recovery of the encumbered property in order to satisfy the requirements of the pledge holder may be made in the event of default or improper performance by the debtor of the secured obligation. 2. Enforcement of the property in question shall not be permitted if the debtor ' s breach of the secured obligation is insignificant and the collateral ' s claim is not compensable. Unless otherwise proved, it is assumed that the breach of the secured obligation is minor and that the collateral ' s claims are manifestly n. is proportionate to the value of the property in question, provided that the following conditions are met simultaneously: (1) the amount of the unliquidated obligation is less than 5 per cent of the value of c 3. Except as otherwise provided in the contract of lien, the application of a lien is delayed for less than three months. A substance imposed to secure an obligation to pay periodic payments is permitted in the event of a systematic delay in payment, i.e. a failure to pay bo 3 times in the 12 months preceding the date of application to the court or the date of notice of application for extrajudicial property, even if 4. The debtor and the third-party lender have the right to terminate the application for and enforcement of the security at any time prior to the completion of the bond. If the secured obligation or the part of it that has expired is satisfied, the agreement limiting this right is null and void.