Swiss Civil Code

¹ If mort­gage rights of dif­fer­ent rank are cre­ated on an im­mov­able prop­erty, any de­le­tion does not en­title the be­ne­fi­ciar­ies of lower-rank­ing mort­gage to ad­vance in rank.

² The own­er may cre­ate an­oth­er mort­gage in place of one which has been de­leted.

³ An agree­ment provid­ing for mort­gage cred­it­ors to ad­vance in rank only has in rem ef­fect where it is re­cor­ded as a pri­or­ity no­tice in the land re­gister.