Section 61Chapter IV

Right to redeem separately or simultaneously

OF MORTGAGES OF IMMOVEABLE PROPERTY AND CHARGES

A mortgagor who has executed two or more mortgages in favour of the same mortgagee shall, in the absence of a contract to the contrary, when the principal money of any two or more of the mortgagees has become due, be entitled to redeem any one such mortgage separately, or any two or more of such mortgages together.