Foreclosure for installments - Separate proceedings - Redemption
N.D. Cent. Code § 35-22-05
in effect35-22-05. Foreclosure for installments - Separate proceedings - Redemption
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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t35c22.pdf#nameddest=35-22-05Fetched: 10/16/2026