§ 34-23-2 - Redemption right of mortgagor or vendor with defeasance.
SECTION 34-23-2
§ 34-23-2 Redemption right of mortgagor orvendor with defeasance. – All real estates, conveyed or pledged by mortgage or deed of bargain and salewith defeasance, shall be redeemable by the mortgagor or vendor, his or herheirs, executors, administrators, successors, or assigns, on paying the moneyborrowed thereon, with interest, or by performing the condition on which thereal estate was conveyed or mortgaged, deducting the rents and profits whichthe mortgagee, or any under him or her, may have received over and above thetaxes and assessments paid out, and suitable repairs and insurance made by him,her, or them, and all other necessary expenses in the care and management ofthe premises.