131
In forceSubsequent mortgagees or encumbrancees, may redeem prior mortgages etc
Part 12Mortgages, encumbrances, and discharges
131 Subsequent mortgagees or encumbrancees, may redeem prior mortgages etc
In case the money secured by any mortgage or encumbrance shall be due, and the mortgagee or encumbrancee shall require payment of the same, it shall be lawful for any other mortgagee or encumbrancee of the same land to tender and pay to the mortgagee or encumbrancee requiring such payment, the money due upon his security, and the mortgagee or encumbrancee making such payment shall be entitled to a transfer of the estate and interest of the mortgagee or encumbrancee requiring such payment.
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