NEW TERRITORIES REGULATION. No. 34 of 1910.
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etc.
(e) that the mortgagor (until the mortgagee enters into possession of the property conveyed) will pay all rents payable in respect of the property conveyed, and will perform and observe all covenants and conditions, so far as they relate to the property conveyed, contained in the Crown lease, licence or grant under which the property conveyed is held, and will indemnify the mortgagee against the non-payment of the said rent and the non-performance and non-observance of the said covenants and conditions so far as aforesaid.
(2) The following proviso shall also be deemed to be included that if the mortgagor on the stated day pays to the mortgagee the stated mortgage money with interest in the meantime at the stated rate, the mortgagee will at any time thereafter at the request and cost of the mortgagor release the property to the mortgagor as in this Ordinance is provided.
mortgage.
38.(1) In a conveyance by way of mortgage in Form C in the Schedule there shall be deemed to be included the following further covenants between the mortgagor and the mortgagee --
(a) that it shall be lawful for the mortgagee, as from the date of the mortgage, if not receiving any interest on the mortgage money, to enter into possession of the property conveyed and thenceforth to quietly hold, occupy, enjoy, and take the same and all benefits and advantages accruing in respect thereof without in any way accounting to any person whatsoever in respect thereof, and without any interruption by any person until the time when such mortgage shall be redeemed;
(b) that the mortgagee will on demand refund to the mortgagor all sums paid by the latter on account of any Crown rent or taxes payable in respect of the property conveyed during the possession of the mortgagee, and that the mortgagee will during such possession indemnify the mortgagor against the non-performance and non-observance of the covenants and conditions, so far as they relate to the property conveyed, contained in the Crown lease, licence or grant under which such property is held.
(2) The following further provisos shall also be deemed to be included:
* As amended by Law Rev. Ord., 1924,
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NEW TERRITORIES REGULATION. No. 34 of 1910.
1843
!
etc.
(e) that the mortgagor (until the mortgagee enters into Mortgagor to possession of the property conveyed) will pay all rents payable pay rents, in respect of the property conveyed, and will perform and observe all covenants and conditions, so far as they relate to the property conveyed, contained in the Crown lease, licence or grant under which the property conveyed is held, and will indemnify the mortgagee against the non-payment of the said rent and the non-performance and non-observance of the said covenants and conditions so far as aforesaid.
(2) The following proviso shall also be deemed to be Proviso for included that if the mortgagor on the stated day pays to redemption. the mortgagee the stated mortgage money with interest in the meantime at the stated rate, the mortgagee will at any time thereafter at the request and cost of the mortgagor release the property to the mortgagor as in this Ordinance is provided.
mortgage.
38.(1) In a conveyance by way of mortgage in Form C Chinese in the Schedule there shall be deemed to be included the customary following further covenants between the mortgagor and the mortgagee --
Schedule. Form (.
Quiet
(a) that it shall be lawful for the mortgagee, as from the Implied date of the mortgage, if not receiving any interest on the covenants: mortgage money, to enter into possession of the property enjoyment. conveyed and thenceforth to quietly hold, occupy, enjoy, and take the same and all benefits and advantages accruing in respect thereof without in any way accounting to any person whatsoever in respect thereof, and without any interruption by any person until the time when such mortgage shall be redeemed;
rent and
(b) that the mortgagee will on demand refund to the Refund mortgagor all sums paid by the latter on account of any of Crown Crown rent or taxes payable in respect of the property indemnity. conveyed during the possession of the mortgagee, and that the mortgagee will during such possession indemnify the mortgagor against the non-performance and non-observance of the covenants and conditions, so far as they relate to the property conveyed, contained in the Crown lease, licence or grant under which such property is held.
(2) The following further provisos shall also be deemed to be included:-
* As amended by Law Rev, Ord., 1924,
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