Section 71:
Renewal of mortgaged lease.
When the mortgaged property is as lease 1***, and the
mortgagor obtains a renewal of the lease, the mortgagee, in the absence of a contract to the
contrary, shall, for the purposes of the security, be entitled to the new lease.
Notes:
1. The words "for a term of years" omitted by Act 20 of 1929, s. 36.