28 (1) Where the word “mortgagor” occurs in this section, it shall be read and construed as if the words “the mortgagor’s heirs, executors, administrators or assigns, or person having the equity of redemption” were inserted immediately after the word “mortgagor”.  R.S.O. 1990, c. E.24, s. 28 (1). Interest of a mortgagor (2) The sheriff to whom an execution against the lands and tenements of a mortgagor is directed may seize, sell and convey all the interest of the mortgagor in any mortgaged lands and tenements.  R.S.O. 1990, c. E.24, s. 28 (2). Equity of redemption (3) The equity of redemption in freehold land is saleable under an execution against the lands and tenements of the owner of the equity of redemption in the owner’s lifetime, or in the hands of the owner’s executors or administrators after the owner’s death, subject to the mortgage, in the same manner as land and tenements may now be sold under an execution.  R.S.O. 1990, c. E.24, s. 28 (3). Selling lands subject to more than one mortgage in execution (4) Where more mortgages than one of the same lands have been made to the same mortgagee or to different mortgagees, subsections (2) and (3) apply, and the equity of redemption is saleable under an execution against the lands and tenements of the owner, subject to the mortgages, in the same manner as in the case of land subject to one mortgage only.  R.S.O. 1990, c. E.24, s. 28 (4). Effect of sale (5) The effect of the seizure or taking in execution, sale and conveyance of mortgaged lands and tenements is to vest in the purchaser, the purchaser’s heirs and assigns, all the interest of the mortgagor therein at the time the execution was placed in the hands of the sheriff, as well as at the time of the sale, and to vest in the purchaser, the purchaser’s heirs and assigns, the same rights as the mortgagor would have had if the sale had not taken place, and the purchaser, the purchaser’s heirs or assigns, may pay, remove or satisfy any mortgage, charge or lien that at the time of the sale existed upon the lands or tenements so sold in like manner as the mortgagor might have done, and thereupon the purchaser, the purchaser’s heirs and assigns, acquire the same estate, right and title as the mortgagor would have acquired in case the payment, removal or satisfaction had been effected by the mortgagor.  R.S.O. 1990, c. E.24, s. 28 (5). Effect of purchase by mortgagee or execution creditor (6) A mortgagee of land, or the executors, administrators or assigns of a mortgagee, being or not being the execution creditor, may be the purchaser at the sale and acquire the same estate, interest and rights thereby as any other purchaser, but in that event the mortgagee or the executors, administrators or assigns of the mortgagee shall give to the mortgagor a release of the mortgage debt, and if another person becomes the purchaser, and, if the mortgagee, the mortgagee’s executors, administrators or assigns enforce payment of the mortgage debt by the mortgagor, the purchaser shall repay the debt and interest to the mortgagor, and, in default of payment thereof within one month after demand, the mortgagor may recover the debt and interest from the purchaser, and has a charge therefor upon the mortgaged land.  R.S.O. 1990, c. E.24, s. 28 (6).