The mortgage security consists of the debt and the interest in the mortgaged property by which the debt is secured, and a transfer consists of an assignment of the debt and a conveyance of this interest1.
Unless a contrary intention is expressed in the transfer, and subject to any provisions contained in it, a transfer by deed of the mortgage2 or the benefit of it operates to convey to the transferee3:
(1) the right to demand, sue for, recover and give receipts for the mortgage money or the unpaid part of it, and the interest then due, if any, and
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