508. Consolidation against mortgagor.

(iii)     Against Whom the Mortgagee May Consolidate

508.     Consolidation against mortgagor.

The right of consolidation1 is exercisable primarily against the mortgagor, and may be asserted in any proceeding in which the right of redemption comes in question; for this purpose foreclosure and redemption claims are on the same footing2.