67A: Mortgagee when bound to bring one suit on several mortgages

Mortgagee when bound to bring one suit on several mortgages.— A mortgagee who holds two or more mortgages executed by the same mortgagor in respect of each of which he has a right to obtain the same kind of decree under section 67, and who sues to obtain such decree on any one of the mortgages shall, in the absence of a contract to the contrary, be bound to sue on all the mortgages in respect of which the mortgage money has become due.]

Related sections