606. Foreclosure of equitable securities.

606.     Foreclosure of equitable securities.

In proceedings for foreclosure of an equitable mortgage by deposit1, the order is prefaced by a declaration that the claimant is entitled to be considered as a mortgagee of the premises comprised in the deeds2. The order directs the usual accounts and foreclosure of the mortgagor in default of payment, and there is a direction for conveyance of the property to the claimant3.