§ 36-7-505 — Redemption

At any time within nine (9) months after the foreclosure sale by
the sheriff, of the land and water rights as aforesaid, the
original owner against whom the lien has been foreclosed, may
apply to the person, company of persons, association or
incorporated company purchasing at such sale, to redeem such
land and water rights, and the purchaser shall assign the
certificate of sale of such land and water rights to such
original owner, upon the payment by him within such nine (9)
months, of the amount of the lien for which the same was sold at
such foreclosure sale, together with the interest, costs and
fixed charges thereon. Where the lienholder becomes the
purchaser at such foreclosure sale, if such lands and water
rights are not redeemed by the original owner within nine (9)
months, then at any time within three (3) months after the
expiration of such nine (9) months, any person desiring to
settle upon and use such land and water rights, may apply to the
purchaser at such foreclosure sale to redeem such land and water
rights, and such purchaser shall assign the certificate of sale
of such land and water rights to the person desiring to redeem
the same, upon the payment by him, within such three (3) months,
of the amount of the lien for which the same was sold at such
foreclosure sale, together with the interest, costs and fixed
charges thereon.