N.D. Cent. Code § 35-22-05: Foreclosure for installments - Separate proceedings - Redemption
Where this section sits in the code
- Title 35 Liens
- Chapter 35-22 Foreclosure Of Mortgages Of Real Property By Advertisement
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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