OpenLegislation

Paragraph 1

Original text. Later amendments are not shown.

The form of security which may be taken for an advance under section 14 of the Act in relation to the specified territory is the form (known there as a hypotheque judiciaire or hypotheque conventionelle simple) —

(a)

acknowledging a mortgage debt and obliging (or referring to another document which obliges) the borrower to pay it, and

(b)

securing payment of that mortgage debt on land in the specified territory,

in respect of which the following provisions of this Schedule are satisfied.