64. Renewal of mortgaged lease. Where the mortgaged property is a lease, and the mortgagee obtains a renewal of the lease, the mortgagor, upon redemption,Read More →

65. Implied contracts by mortgagor. In the absence of a contract to the contrary, the mortgagor shall be deemed to contract with the mortgagee,- (a)Read More →

65A. Mortgagor’s power to lease. (1) Subject to the provisions of sub-section (2), a mortgagor, while lawfully in possession of the mortgaged property, shall haveRead More →

66. Waste by mortgagor in possession. A mortgagor in possession of the mortgaged property is not liable to the mortgagee for allowing the property toRead More →

RIGHTS AND LIABILITIES OF MORTGAGEE 67. Right to fore-closure or sale. In the absence of a contract to the contrary, the mortgagee has, at anyRead More →

67A. Mortgagee when bound to bring one suit on several mortgages. A mortgagee who holds two or more mortgages executed by the same mortgagor inRead More →

68. Right to sue for mortgage-money. (1) The mortgagee has a right to sue for the mortgage-money in the following cases and no others, namely-Read More →

69. Power of sale when valid. (1) A mortgagee, or any person acting on his behalf, shall, subject to the provisions of this section haveRead More →

69A. Appointment of receiver. (1) A mortgagee having the right to exercise a power of sale under section 69 shall, subject to the provisions ofRead More →

70. Accession to mortgaged property. If, after the date of a mortgage, any accession is made to the mortgaged property, the mortgagee, in the absenceRead More →

71. Renewal of mortgaged lease. When the mortgaged property is a lease and the mortgagor obtains a renewal of the lease, the mortgagee, in theRead More →

72. Right of mortgagee in possession. A mortgagee may spend such money as is necessary- (a) omitted by Act 20 of 1929. (b) for theRead More →

73. Right to proceeds of revenue sale or compensation on acquisition. (1) Where the mortgaged property or any part thereof or any interest therein isRead More →

74. Right of subsequent mortgagee to pay off prior mortgagee. Rep. by the Transfer of Property (Amendment) Act, 1929 (20 of 1929), sec. 39. TransferRead More →

75. Rights of mesne mortgagee against prior and subsequent mortgagees. Rep. by the Transfer of Property (Amendment) Act, 1929 (20 of 1929), sec. 39. TransferRead More →

76. Liabilities of mortgagee in possession. When, during the continuance of the mortgage, the mortgagee takes possession of the mortgaged property,- (a) he must manageRead More →