Where a mortgagee
requires payment of money which is secured by a mortgage and payment of which
is due, any other mortgagee of the same land may tender and pay to the
mortgagee requiring payment the money so payable, and the mortgagee making the
payment shall be entitled, at his own cost, to a transfer of the estate and
interest of the mortgagee requiring the payment.
[Section 128A inserted: No. 17 of 1950 s. 33.]
[ 129. Deleted: No. 26 of 1999 s. 106(4).]
[Heading inserted: No. 81 of 1996 s. 73.]