§ 28-24-03 — Redemption by redemptioner - Notice to be recorded

North Dakota § 28-24-03

• Jurisdiction: North Dakota
• Title 28: Judicial Procedure, Civil
• Ch. 28-24: Redemption of Real Estate

Text

A redemptioner shall give a written notice of redemption to the sheriff and at the same time
shall record a duplicate in the office of the county recorder of the county where the land is
situated. The redemptioner must state in the notice of redemption an amount that the
redemptioner will credit on the claim on making redemption. If the amount stated in the notice is
less than the amount of the lien under which the redemptioner makes redemption, a later
redemptioner having a subordinate lien may redeem from the earlier redemptioner by paying the
amount paid by that redemptioner, and interest at the same rate as provided in the original
instrument on which the judgment is based, together with the amount stated by the first
redemptioner in the notice. The amount stated by a redemptioner in the notice must be treated
as a payment of that amount on the indebtedness and the redemptioner immediately shall
endorse that on the evidence of the claim. If the claim is a judgment, the redemptioner shall
cause a statement of that amount to be entered by the clerk of court in the judgment docket.
That credit is conditional and must be canceled on proof of a further redemption by the debtor or
by a redemptioner having a prior right, without payment of the amount credited.