Book Four: Real Securities · Section One: Mortgage · Chapter Two: Effects of the Mortgage · Part One: Effects of the Mortgage between the Contracting Parties · First: Effects of the Mortgage with Respect to the Mortgagor
The mortgage shall attach, upon the perishing or damage of the mortgaged immovable, to any property that replaces it, such as compensation, insurance proceeds, or the consideration for expropriation for public benefit. The mortgagee shall be entitled to satisfy their right out of such property according to their rank.
Interpretation and application must be checked against the official text and current version.
