NEW TERRITORIES REGULATION. No. 34 of 1910.
interest and costs due under the mortgage, and the residue (if any) shall be paid to the person entitled to the mortgaged property, or authorised to give receipts for the proceeds of sale thereof.
receipt a
1847
45. The receipt in writing of a mortgagee shall be a sufficient discharge for any money arising under the power of sale conferred by this Ordinance, and no person paying or transferring the same to the mortgagee shall be concerned to inquire whether any money remains due under the mortgage.
*
46. When all moneys due under or in respect of any mortgage have been paid off or the said mortgage has been otherwise fully satisfied, a receipt by the mortgagee in Form F in the Schedule, when registered by the Land Officer, shall vest in the mortgagor or other persons deriving title by, through or under him, the property comprised in such mortgage, freed and absolutely discharged from the said mortgage and all claims and demand in respect thereof.
body of
47. A receipt for any consideration money or other consideration embodied in a deed shall be a sufficient discharge to any person paying the same without any further receipt, and shall in favour of any subsequent purchaser not having notice that the same was not in fact paid or given be sufficient evidence of the payment thereof.
jointly.
48. Where any mortgage made under this Ordinance is expressed to be made to more persons than one jointly and not in shares, the mortgage money shall be deemed to be owing to such persons on a joint account, and the receipt of the survivor, or his successors or personal representatives, shall be a complete discharge for that amount.
covenants.
49. In the construction of a covenant or a proviso, or other provision implied in a deed by virtue of this Ordinance, words importing the singular or plural number or the masculine gender shall be read as also importing the plural or singular number, or the feminine gender, as the case may require.
to estate.
50. The benefit of a covenant implied by this Ordinance shall be annexed and incident to, and shall go with, the estate or interest of the implied covenantee, and shall be capable of being enforced by any person in whom that estate or interest is, for the whole or any part thereof, vested.
* As amended by No. 27 of 1923 and Law Rev. Ord., 1924.
NEW TERRITORIES REGULATION. No. 34 of 1910.
interest and costs due under the mortgage, and the residue (if any) shall be paid to the person entitled to the mortgaged property, or authorised to give receipts for the proceeds of sale thereof.
receipt a
1847
45. The receipt in writing of a mortgagee shall be a Mortgagee's sufficient discharge for any money arising under the power sufficient of sale conferred by this Ordinance, and no person paying or discharge. transferring the same to the mortgagee shall be concerned to inquire whether any money remains due under the mortgage.
*
46. When all moneys due under or in respect of any Satisfaction mortgage have been paid off or the said mortgage has been of mortgage. otherwise fully satisfied, a receipt by the mortgagee in Form F Schedule. in the Schedule, when registered by the Land Officer, shall Form F. vest in the mortgagor or other persons deriving title by, through or under him, the property comprised in such mortgage, freed and absolutely discharged from the said mortgage and all claims and demand in respect thereof.
body of
47. A receipt for any consideration money or other consid- Receipt in eration embodied in a deed shall be a sufficient discharge hy be
deed to to any person paying the same without any futher receipt, and sufficient. shall in favour of any subsequent purchaser not having notice that the same was not in fact paid or given be sufficient evidence of the payment thereof.
jointly.
48. Where any mortgage made under this Ordinance is Mortgage to expressed to be made to more persons than one jointly and two or more not in shares, the mortgage money shall be deemed to be owing to such persons on a joint account, and the receipt of the survivor, or his successors or personal representatives, shall be a complete discharge for that amount.
covenants.
49. In the construction of a covenant or a proviso, or other Construction provision implied in a deed by virtue of this Ordinance, words of implied importing the singular or plural number or the masculine gender shall be read as also importing the plural or singular number, or the feminine gender, as the case may require.
to estate.
50. The benefit of a covenant implied by this Ordinance Covenant to shall be annexed and incident to, and shall go with, the be annexed estate or interest of the implied covenantee, and shall be capable of being enforced by any person in whom that estate or interest is, for the whole or any part thereof, vested.
* As amended by No. 27 of 1923 and Law Rev. Ord., 1924.
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