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A player lands on my property and has no cash. They owe me only $26. They have 1 property, a railroad which is mortgaged. The mortgaged value is $100.
Do I get the mortgaged property and have to pay $74 to this other player or is this player out of the game?
The player is bankrupt and out of the game and you get the mortgaged property with some conditions. You will have to pay the bank 10% of the mortgaged value when you get it and before you unmortgage it if it is not on the same turn.
If you have mortgaged property you also turn this property over to your creditor but the new owner must at once pay the Bank the amount of interest on the loan, which is 10% of the value of the property. The new owner who does this may then, at his/her option, pay the principal or hold the property until some later turn, then lift the mortgage. If he/she holds property in this way until a later turn, he/she must pay the interest again upon lifting the mortgage.
