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A mortgagee may apply the mortgage to secure other claims, or assign or waive that mortgage, or its order of priority, for the benefit of other obligees of the same obligor.
抵当権者は、その抵当権を他の債権の担保とし、又は同一の債務者に対する他の債権者の利益のためにその抵当権若しくはその順位を譲渡し、若しくは放棄することができる。
In the cases referred to in the preceding paragraph, if a mortgagee disposes of the mortgage for the benefit of two or more persons, the order of priority of the rights of persons who benefit from that disposition follows the chronological order of supplemental registration in the registration of the mortgage.
前項の場合において、抵当権者が数人のためにその抵当権の処分をしたときは、その処分の利益を受ける者の権利の順位は、抵当権の登記にした付記の前後による。
This names a provision as it read when this amending Act was made. It may have been amended since, so today's text can say something else. That is why it is not a link.This names a law that is not in this collection, so there is nothing here to open.We could not tell which provision this names, so it is not a link.