706. Compulsory acquisition of mortgaged land.

706.     Compulsory acquisition of mortgaged land.

Where land which is to be acquired compulsorily is subject to a mortgage, the undertakers or acquiring authority may purchase or redeem the mortgagee's interest in the land, whether or not they have previously purchased the equity of redemption1, or the mortgagee is a trustee, or he is in possession of the land, or the mortgage includes other land in addition to that to be acquired2. An acquiring authority is under no obligation to redeem the mortgage, although it is entitled to3. On redemption of the mortgage,