§ 28-29-07 — Debtor allowed reasonable time to make good default under security agreement

agreement.
In an action to foreclose or otherwise enforce a security interest in personal property, the
court in its discretion, upon the application of the debtor, may make an interlocutory order fixing
a reasonable time within which the debtor shall make good the default under the security
agreement and shall pay all costs of suit to date. If the debtor shows to the court, on or before
the date fixed by the interlocutory order, that the debtor has made such payment, or if the debtor
tenders it in court, then such action must be dismissed, otherwise, a final order for judgment for
plaintiff may be made as though such interlocutory order had not been made. The court has the
power to impound the personal property in controversy during the pendency of the interlocutory
order at the expense of the debtor.