TNAG-1809-FCO40-2570-Hong-Kong-Conveyancing-and-Property-(Amendment)-Ordinance-19-1988 — Page 28

Amendment of Second Schedule.

Amendment of Third Schedule.

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up to the date of the legal charge and will continue to be paid, observed and performed during the subsistence of the legal charge.".

25. Part A of the Second Schedule to the principal Ordinance is amended-

(a) in paragraph 9, by deleting "certified" wherever it appears; and

(b) by adding, at the end, the following-

"13. RECEIPT OF MONEY

(1) The vendor's solicitors are the vendor's agents for the purposes of the receipt of any money due under this agreement and any payment made under the agreement to the vendor's solicitors shall be a full and sufficient discharge of the purchaser's obligation in respect of that payment.

(2) Any revocation of the authority of the vendor's solicitors

under this clause shall be effective only if it-

(a) is in writing addressed to the purchaser;

(b) is delivered to the purchaser care of his solicitors at

least 7 days before completion; and

(c) specifically identifies this agreement.".

26. The Third Schedule to the principal Ordinance is amended—

(a) in Form 1, in paragraph 2(d) of the Schedule, by deleting

"Property" and substituting the following-

"Lot number";

(b) in Form 2, in paragraph 2(d) of the Schedule, by deleting

"Property" and substituting the following-

(c) in Form 3—

"Lot number”;

(i) in paragraph 3, by inserting, immediately after "Lender", the following-

"by way of equitable mortgage";

(ii) in paragraph 2(d) of the Schedule, by deleting "Property" and substituting the following-

(d) in Form 4-

"Lot number";

(i) in paragraph 3, by deleting "Lender [" and substituting the following-

"Lender by way of legal charge subject to the covenants conditions and provisos contained in the Crown lease [and"; and

(ii) in paragraph 2(d) of the Schedule, by deleting "Property" and substituting the following

"Lot number"; and