The mortgage shall confer on the mortgagee the right to pursue the debtor’s property and the
right of preference.
The right of preference shall be exercised in accordance with article 225 of this Uniform Act to
secure the principal, costs and interest for three years on the same rank, except particular
registrations of mortgages are taken from their date, for interests other than those maintained
by their initial registration.
The right of preference shall also be exercised by subrogation on the insured amount of the
damaged property.
Official translation
Spot-checked
In force from 15 December 2010
Source page 45