A locking mechanism comprises a housing, a shaft extending in the housing and having a latch member thereon adjacent to one end thereof, and an actuating lever adjacent to an opposite end of a shaft. The shaft, actuating lever, and housing are interconnected in a manner that causes the shaft to move longitudinally in response to turning of the actuating lever to a predetermined extent from a rest position, so that the latch member moves from a first position to a second position, and for causing the shaft to tilt in response to continued turning of the actuating lever, so that the latch member is turned away from the second position.