A mortgagee shall take all the necessary measures to safeguard the mortgaged item and undertake the maintenance thereof. Where the mortgaged item is a negotiable instrument, the mortgagee shall on the maturity date carry out the proceedings necessary to protect the right established therein and collect it. The mortgagor shall pay all expenses incurred by the mortgagee in this regard.
Interpretation and application must be checked against the official text and current version.