Movegr-E PnopERTy Srcurury Innsnrsrs Cap. 14:35 (b) No.hnfrL7 both rights under the law governing enforcement of encumbrances on immovable ploperty. Right of redemption 32. (1) Any person whoae rights are atrffted by the enforcement process in Pat is entitledtoredee.m the csllateral by paying accordance with the provisions of this or otherwise perfoming the securd obligation in firll, including the reasonable cost of enforcement. (2) TfF right of redemption may be exercised until th asset is sold or ottrerwi$e disposed of, acquired or collected by the secured creditor or until the conclusion of an agr€emsnt by the secured qedito'r for that purpose. Right of higher-rar*ing secwed creditor to tale over enforcement 33. (l) Notlitbstanding corrunencement of enforcement by another secured creditor or a non-cottsensual creditor, a securcd crcditor whose security intercet has priority over that of tb enforcing secured crpditor or non-conse nsual creditor is entitled to take over the enfucement process at any time before the asset is sold sr otherwise dispoe ed of, or acquircd by the secured qeditor or until the conclusion of an agrcement by the secured cteditor for that purpose. (2) The dght of tb higher-ranking securd crsditorto take overtbe enforcement procoss includes the right to enforce by any method available to a securcd creditor under this Act. (3) Before coruneneerrent of enforcemsnt, a tron-consensual crcditor must notify any secured cledior that registered a notice against the dEbtor with respect to the collateral against which enforcement is sought. (4) The secured crreditor may within five worting days after receiving the notifcation inform th nm-consensual ctsditor of his or her intention to take over enforcement. (5) The non-consensual creditor may not take any enforcement action before 0re expiration of the time period referred to in subparagraph (4). Acquisition of collateral in toul or partial satisfaction of securcd obligatian 34. (1) The securad crcditor may propose in writing to acquirc one or more the collaterals in total or partial satisftction of the secured obLigation. (2) The secured cTeditor must send the proposal (a) O) (c) of to- thedebtor; the borrows but only in the case of a pmposal to accept the collateral in paaial satisfaction of the secured obligation; any pe$on with rigbts in tbe collateral that has notified in writing the secured creditor of those rights, at least five working days before the pro'posal is sent to the debtor or the debtor waived the rigbt to roceive the propooal; and (d) any ottrcr secured creditor that registered a notice with respect to the collateral, at least five working days before the proposal is sent to the debtor or the debtor waived the right to receive the proposal. (3) The proposal must- (a) identify the secured s:reditm and debtor; t73