2000 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 seven 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 seven 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 by the 
 mortgagor, 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.  Saturdays, Sundays, 
 legal holidays, and the first day following the expiration of 
 the prior redemption period must be included in computing the 
 seven-day redemption period.  When the last day of the period 
 falls on Saturday, Sunday, or a legal holiday, that day must be 
 omitted from the computation.  All mechanic's lienholders who 
 have coordinate liens shall have one combined seven-day period 
 to redeem.  

    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; 1998 c 262 s 10; 2000 
 c 320 s 6