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=S=> BGB 1208 If the thing is encumbered with the right of a third party , then the pledge takes priority over the right , unless the pledgee , at the time of acquisition of the pledge , is not in good faith in relation to the right . The provisions of section 932 ( 1 ) sentence 2 , section 935 and of section 936 ( 3 ) apply with the necessary modifications .
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