Amendment status not verified — confirm the current text below against the official source.
(1) The proceeds of every sale under this Distribution Chapter shall be applied by the sale officer, first in ti :::yeeds payment of all costs, charges and expenses properly incurred by him as incident to the sale or any attempted sale ; secondly, in payment of all interest due on account of the mortgage in consequence whereof the mortgaged property was sold ; thirdly, in payment of the principal money due on account of the mortgage ; and lastly, the residue, if any, shall be paid to the per- son proving hifnself interested in the property sold, or if there are more such persons than one, then to such persons according to their respective interests therein or upon their jojnt receipt, (2) (a) Any person dissatisfied with the decision of the sale officer in regard to the distribution of such residue may, within thirty days of the communication to him of such decision, institute a suit in a Court to establish the right he claims. (6) The sale officer shall not distribute such residue until thirty days have elapsed from the com- munication of his decision to all tile persons concerr~ed or. if a suit has been instituted within the said period of thirty days by any such person, irntil the suit is dis- posed of or otherwise than in, ;iccordancc with the decision of tho Court lhcrein. Explunatio?~.-11 this sub-section ' Court ' ~ n e a ~ s the Civil Court which would have jurisdiction to cnter- tail1 a suit to enforce the niortgitge and within thelimits of whose jurisdiction the property wld is cituated.