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XI, 23.
324
23. When a field or other (immovable property) has been enjoyed, and more than the principal realised by it, then the debtor shall recover his pledge, if the principal and interest has been actually got out of it (by the creditor).
24. (This law applies) when the debtor delivers a field to the creditor, with the following stipulation, 'This (field) shall be enjoyed by you, when interest has ceased (on becoming equal to the principal), that is certain. When the principal has been realised together with the interest, you shall restore (the field) to me.'
BRIHASPATI.
25. When the time (for payment) has passed and interest has ceased (on becoming equal to the principal), the creditor shall be owner of the pledge; but, till ten days have elapsed, the debtor is entitled to redeem it.
26. Notice having been given to the debtor's family, a pledge to be kept (only) may be used, after the principal has been doubled; and so may a pledge for a fixed period, on the expiration of that term.
27. When the principal has been doubled, or the stipulated period expired in the case of a pledge delivered for a certain time only, the creditor 23. Col. Dig. I, 3, 108;
May. p. 107.
23, 24. Vîram. p. 320. Under a stipulation of this sort, the mortgagee shall recover his pledge, as soon as the creditor has fully realised his demand out of the mortgage, no matter whether he has contributed little or much himself towards its realisation. Vîram. The Ratnakara (p. 29) inserts the following text after 24, This lawful rule has been proclaimed with regard to loans on interest and so forth.'
25. Col. Dig. I, 3, 115; Vîram. p. 316.
26. Vîram. p. 316; Col. Dig. I, 3, 119 ('Smriti').
27, 28. Vîram. p. 315.
ten days have elapsed. Vîram. These two texts are elsewhere
During that interval,' i. e. before the
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