1[81. Marshalling securities.-- If the owner of two or more properties mortgages them to
one person and then mortgages one or more of the properties to another person, the subsequent
mortgagee is, in the absence of a contract to the contrary, entitled to have the prior mortgagedebt satisfied out of the property or properties not mortgaged to him, so far as the same will
extend, but not so as to prejudice the rights of the prior mortgagee or of any other person who
has for consideration acquired an interest in any of the properties.]
1. Subs. by Act 20 of 1929, s. 42, for s. 81.