505. Consolidation where securities are of different natures.

505.     Consolidation where securities are of different natures.

For the purposes of the right to consolidate1, it is immaterial that the securities comprise properties of different natures, or that one or both are equitable mortgages; hence a mortgage of real estate can be consolidated with a mortgage of personal estate2, and a legal mortgage can be consolidated with an equitable mortgage3, and an equitable mortgage with another equitable mortgage4. The right to consolidate does not depend, as the right to tack formerly did5, upon the possession of the legal