78B-2-220 - Redemption when more than one mortgagor.
78B-2-220. Redemption when more than one mortgagor.
If there is more than one mortgagor, or more than one person claiming under a mortgagor,some of whom are not entitled to maintain an action under the provisions of this article, any oneof them who is entitled to maintain an action may redeem a divided or undivided part of themortgaged premises as his interest may appear, and have an accounting for a part of the rents andprofits proportionate to his interest in the mortgaged premises, on payment of a part of themortgage money, bearing the same proportion to the whole of the money as the value of hisdivided or undivided interest in the premises bears to the whole of the premises.
Renumbered and Amended by Chapter 3, 2008 General Session