OpenLegislation

Mortgages Mortgages

C1And with respect to the mortgages to be executed by the commissioners, be it enacted as follows:

  1. 75Form of mortgage.
  2. 76Register of mortgages to be kept and to be open to inspection.
  3. 77Transfer of mortgages.
  4. 78Register of transfers to be kept.
  5. 79Interest on mortgages to be paid half-yearly.
  6. 80Power to borrow money at a lower rate of interest to pay off securities at a higher rate.
  7. 81Repayment of money borrowed at a time and place agreed upon.
  8. 82Repayment of money borrowed when no time or place has been agreed upon.
  9. 83Interest to cease on expiration of notice to pay off a mortgage debt.
  10. 84Monies borrowed on security of rates to be paid off in a limited period.
  11. 85Mode of paying off mortgages.
  12. 86Arrears of interest, when to be enforced by appointment of a receiver. Arrears of principal and interest.
  13. 87As to the appointment of receiver.
  14. 88Account books to be open to the inspection of mortgagees.

Annotations

Modifications

C1

Ss. 75–88 incorporated by Land Drainage Act 1976 (c. 70), s. 87(5)