1997 Minnesota Statutes

     580.24 Redemption by creditor. 

    If no such redemption be made by the mortgagor, the 
 mortgagor's personal representatives or assigns, the senior 
 creditor having a lien, legal or equitable, upon the mortgaged 
 premises, or some part thereof, subsequent to the mortgage, may 
 redeem within five days after the expiration of the redemption 
 period determined under section 580.23 or 582.032, whichever is 
 applicable; and each subsequent creditor having a lien in 
 succession, according to priority of liens, within five days 
 after the time allowed the prior lienholder, respectively, may 
 redeem by paying the amount aforesaid and all liens prior to the 
 lienholder's own held by the person from whom redemption is 
 made; provided that no creditor shall be entitled to redeem 
 unless within the period allowed for redemption the creditor 
 file for record notice of intention to redeem with the county 
 recorder or registrar of titles of each county where the 
 mortgage is recorded. 

    HIST: (9627) RL s 4481; 1967 c 248 s 3; 1976 c 181 s 2; 1983 c 
 99 s 3; 1986 c 444; 1989 c 328 art 3 s 9