# The Building Societies (Gibraltar) Order 1989, Paragraph 1


The form of security which may be taken for a territory advance is the form (known in Gibraltar as a mortgage)–
(a) acknowledging a mortgage debt and obliging the borrower to pay it, and
(b) securing payment of that mortgage debt on land in Gibraltar,in respect of which the following provisions of this Schedule are satisfied.

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Source: https://www.legislation.gov.uk/uksi/1989/1817/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/building-societies-gibraltar-order-1989/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.