326. Incidents of redemption.

326.     Incidents of redemption.

A mortgagor of personalty, for example securities, may redeem at any time before the actual sale1. On redemption the mortgagee must return the identical securities pledged, if capable of identification or, if he has sold them during the currency of the loan, must account to the mortgagor for the proceeds of such sale2. The right to a return of the identical securities may be lost by the course of dealing between the mortgagor and the mortgagee, or by acquiescence by the mortgagor, and in these cases the mortgagor's right is a