North Dakota § 35-22-05 Foreclosure for installments - Separate proceedings - Redemption

North Dakota Statutes

§ 35-22-05 — Foreclosure for installments - Separate proceedings - Redemption

North Dakota § 35-22-05

Title 35Liens

Ch. 35-22Foreclosure of Mortgages of Real Property by Advertisement

This text of North Dakota § 35-22-05 (Foreclosure for installments - Separate proceedings - Redemption) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 35-22-05 (2026).

Text

If a mortgage is given to secure the payment of money by installments, each of the
installments mentioned in the mortgage must be taken and deemed to be a separate and
independent mortgage, and the mortgage for each of the installments may be foreclosed in the
same manner and with like effect as if a separate mortgage were given for each of the
installments, and a redemption from any such sale has the same effect as if the sale for the
installment had been made upon a prior independent mortgage.

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If a mortgage is given to secure the payment of money by installments, each of the
installments mentioned in the mortgage must be taken and deemed to be a separate and
independent mortgage, and the mortgage for each of the installments may be foreclosed in the
same manner and with like effect as if a separate mortgage were given for each of the
installments, and a redemption from any such sale has the same effect as if the sale for the
installment had been made upon a prior independent mortgage.