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 →

77. Receipts in lieu of interest. Nothing in section 76, clauses (b), (d), (g) and (h), applies to cases where there is a contract betweenRead More →

PRIORITY 78. Postponement of prior mortgagee. Where, through the fraud, misrepresentation or gross neglect of prior mortgagee, another person has been induced to advance moneyRead More →

79. Mortgage to secure uncertain amount when maximum is expressed. If a mortgage made to secure future advances, the performance of an engagement or theRead More →

80. Tacking abolished. Rep. by the Transfer of Property (Amendment) Act, 1929 (20 of 1929), sec. 41. Transfer of Property Act full bare act. DownloadRead More →