Form of Mortgage.
8.205
(S.R.& 0. 1934. I. p.1000)
Sixth Schedule
(Part I)
s.206 Transfer of Mortgage.
Sixth Schedule (Part II)
8.207 Register of Mortgages.
52
PART VIII
(2) Without prejudice to the generality of the
above power, the regulations made under this section may
provide for the discharge of any loan so raised and, in
the case of consolidation of debt, for extending or
varying the times within which loans may be discharged,
and may provide for the consent of owners under disability
and for the application of the enactments relating to
stamp duties, and for the disposal of unclaimed dividends.
Provisions relating to Mortgages.
86. A mortgage created under this Part of this
Ordinance shall be by deed made in the form prescribed in
the Sixth Schedule to this Ordinance or in a form to the
like effect.
87. The person entitled to a mortgage created by
the Council may transfer it by deed made in the form
prescribed in the Sixth Schedule to this Ordinance or in
a form to the like effect.
88.
(1) The clerk of the Council shall keep at
the office of the Council a register of mortgages created by the Council under this Part of this Ordinance (in this Part of this Ordinance referred to as "the register").
(2) Within fourteen days after the date of a
mortgage the clerk of the Council shall cause an entry to
be made in the register of the number and date thereof,
of the names and descriptions of the parties thereto, and
of the amount borrowed, as stated in the deed.
(3) On production to the clerk of the Council of
the deed of mortgage, and
(a) in the case of a transfer of a mortgage,
duly executed deed of transfer:
(b) in the case of a transmission of a mortgage
by the death of a person solely entitled thereto
or of the survivor of persons jointly entitled
thereto, of probate of the will or letters of
administration of the estate of the deceased:
(49)