Money charged upon land and legacies
33 Money charged upon land and legacies
No action or other proceeding shall be brought to recover any money secured by any mortgage judgment or lien or otherwise charged upon any land or rent at law or in equity or any legacy but within fifteen years next after a present right to receive that money has accrued to some person capable of giving a discharge for or release of the money, unless in the meantime some
part of the principal money or some interest thereon has been paid or some acknowledgment of the right thereto has been given in writing signed by the person by whom the money is payable or his agent, to the person entitled thereto or his agent.
If any such payment is made or acknowledgment is given, no such action or proceeding shall be brought but within fifteen years after such payment or acknowledgment or the last of such payments or acknowledgments if more than one was made or given.
For the purposes of section 45 of this Act the right to bring an action to recover money secured as aforesaid shall be deemed to have first accrued at the time of such payment or acknowledgment, or at the time of the last of such payments or acknowledgments, if more than one was made or given.
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