The advocate and Topeka tribune., 1893-03-29
THE NEW REDEMPTION LAW.

lication March II, 1893:
AN ACT
To regulate the sale of real estate under
execution, order Of sale, OK judicial pro-
cess, and providing for the redemption OF
such real estate from sale, and the terms
thereof, and repeating sections 1880, 4b6l'
1852, 4556 and 4557 Of the general statutes
Of 1889.
Be Il enacted By the Legislature Of the State of
K1n8G8:
SECTION 1. After sale by the sheriff Of any
real estate on execution, special execution,
or order Of sale, he shall II the real estate
sold By him is not subject to redemption, at
once execute a deed therefor TO the pur-
chaser; but il the same is subject TO re-
demDtion, he shall execute TO the purchaser
a certificate containing description OF the
nroperty and the amount Of money paid by
suCb purchaser, together with the amount
OF Che costs up TO said date, stating that un-
leas redemption is made within eighteen
months thereafter, according TO law, that
the purchaser or his heirs or assigns will DO
entitled to deed to the same. Provided,
chat any contract in any mortgage or deed
OF trust waving the right Of redemption
shall be null and void.
SRo. 2. The defendant owner may redeem
any real property sold under execution,
special execution, or order Of sale, at the
amount sold for, together with interest,
costs and taxes, as provided for IN this act
az any time within eighteen months from
the day Of sale ss herein provided and
shall In the meantime be entitled to the
possession of the property; but where the
court or Judge shall find that the lands and
tenements have been abandoned, or are
IN a. al va M
redemption for defendant owner shall be
ain months from the date of sale, and all
Junior lien holders shall be entitled TO three
months to redeem after the expiration Of
said six months.
SEC. 3. For the first twelve months after
such sale, the right Of the defendant owner
TO redeem is exclusive; but II no redemp-
tion 10 made by the defendant owner at the
end OF that time, any creditor OF the de-
fendant and owner whose demand is lien
upon such real estate may redeem the same
az any time within fifteen months from the
date of sale. A mechanics lien before de-
cree enforcing the same, shall not be
deemed such lien as to entitle the holder
10 redeem.
SEC. 4, Any creditor whose claim becomes
q lien prior to the expiration Of the time al
lowed by law for the redemption OF credit
orS may redeem. mortgage may redeem
upon the terms hereinafter prescribed, be-
fore or after the debt prescribed by the
mortgage falls due.
SEC. &. Creditors having the right of re-
dsmptiun may redeem from each other
within the time heretofore secured, and in
the manner hereinafter provided.
SEQ. 6. The terms Of redemption shall be,
in all cases, the reimbursement OF the
amount paid by the then holder Of the Ger.
hfioate OF purchase added TO the amount Of
his own lien, with interest per Rnnum, to-
gether with costs, subjeOt to the exemption
contained in the next section. But where
a mOPtRaRee or other lien holder, Rs pro-
yided for in this ack, whose claim is not yet
due, ia the person from whom redemption
is TO be made, he shall receive In payment
the full amount paid by him as stated, in
his certificate Of redemption, with interest
together with the actual amount OF his claim
at the date Of redemption.
SEC. z. When q senior creditor redeemB
from a junior. the senior creditor shall only
be required to pay the amount OF those
liens which are paramount TO his own, and
with interest and coets appertaining to the
Same.
SEC. 8. A junior creditor may prevent re-
demption by the senior creditor or the
holder Of the paramount lien by paying of
the lien, or depOsiting with the clerk Of the
district court beforehand the amount neo-
eSBarV to remove said lien.
SEo. 8. A junior judgment creditor or lien
holder may redeem from q senior judgment
creditor or lien holder by paying 10 the
party himself or to the clerk Of the district
court the full sum due said senior creditor
or lien holder with interest and costs, and
shall become thereby vested with full title
TO the judgment 30 redeemed from and TO
all liens Of such judgment.
SHC. 10. After the expiration Of fifteen
months from the day of sale, the creditors
can no longer redeem from each other, but
enc defendant owner may still redeem at
any time before the end Of the eighteen
months, as aforesaid.
SEn. III. IL the defendant or holder of the