Personal property, and leasehold interests in real property having less than two years of an unexpired term, levied upon and advertised for sale on execution, must be appraised before sale by two disinterested householders of the neighborhood, one of whom shall be chosen by the execution debtor and the other by the plaintiff, or,in case of the absence of either party, or ifeither or both parties neglect or refuse to make choice, the officer making the levy shall choose one or both, as the case may be, who shall forthwith return to said officer a just appraisement, under oath, of said property ifthey can agree; ifthey cannot, they shall choose another disinterested householder, and with that householder’s assistance shall complete such appraisement, and the property shall not, upon the firstoffer, be sold for less than two-thirds of said valuation; but ifoffered at the same place and hour of the day as advertised upon three successive days, and no bid is received equal to two-thirds of the appraised value thereof, then itmay be sold for one-half of said valuation.
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