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Article 392Distribution of Proceeds in Cases of Joint Mortgages

第三百九十二条(共同抵当における代価の配当)

If an obligee holds mortgages on several immovable properties to secure the same claim, and the proceeds of those immovable properties are to be distributed simultaneously, the burden of the claim is divided in proportion to the value of each of the immovable properties.

債権者が同一の債権の担保として数個の不動産につき抵当権を有する場合において、同時にその代価を配当すべきときは、その各不動産の価額に応じて、その債権の負担を按分する。

If an obligee holds mortgages on several immovable properties to secure the same claim, and the proceeds from only one of the immovable properties are to be distributed, the mortgagee may receive the payment of the entire claim out of those proceeds. In this case, subordinated mortgagees may exercise their mortgages in subrogation of that mortgagee, up to the amount that that mortgagee that receives payment would otherwise be entitled to receive from the proceeds of other immovables, in accordance with the provisions of the preceding paragraph.

債権者が同一の債権の担保として数個の不動産につき抵当権を有する場合において、ある不動産の代価のみを配当すべきときは、抵当権者は、その代価から債権の全部の弁済を受けることができる。この場合において、次順位の抵当権者は、その弁済を受ける抵当権者が前項の規定に従い他の不動産の代価から弁済を受けるべき金額を限度として、その抵当権者に代位して抵当権を行使することができる。

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