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the mortgagee is entitled to exercise a power of sale conferred on him by the mortgage or by section 101 of the M1Law of Property Act 1925; and

the mortgagee requires possession of the dwelling-house for the purpose of disposing of it with vacant possession in exercise of that power; F2and

either notice was given as mentioned in Ground 1 above or the court is satisfied that it is just and equitable to dispense with the requirement of notice;