603. Successive redemptions.

If the second mortgagee redeems, proceedings are thereafter for foreclosure between him and the mortgagor; subsequent interest is computed on the amount paid to the claimant; and the ordinary account is taken of the second mortgage1. The amount paid to the claimant, with subsequent interest, and the amount certified to be due to the second mortgagee under his mortgage and his costs, give the aggregate sum at which the mortgagor can redeem within three months, and in default he is foreclosed. The result is to clear the property of all incumbrances in favour of one of the parties to