48-2073

48-2073. Redemption

A. A party having an interest in the lot may redeem the property at any time before
the execution and delivery of a deed by paying to the district the amount for which the
property was sold and an additional five per cent if paid within three months from the
date of sale, ten per cent if paid within six months, twelve per cent if paid within nine
months, fifteen per cent if paid within twelve months or twenty per cent if paid after
twelve months.

B. When redemption is made, the agent shall note that fact on the duplicate
certificate of sale in his office and deposit the amount paid with the treasurer. The
treasurer shall credit the purchaser named in the certificate of sale with the amount and
pay the amount to the purchaser or his assignee on the surrender of the certificate of
sale.