1950_NEW_TERRITORIES_ORDINANCE — Page 15

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New Territories.

therein contained have been paid and performed up to the date of the conveyance; and the mortgagor has at the said date power to assign the property con- veyed in manner therein expressed free from incum- brances except as therein mentioned;

(c) that the property conveyed may after default in pay- ment of the moneys intended to be secured by the mortgage be quietly entered into, held and enjoyed by the mortgagee without any interruption by any

person;

(d) that the mortgagor and every person claiming any estate or interest in the property conveyed will at all times at the cost of the mortgagor execute and do all such assurances and things for further or better assuring all or any of the property conveyed unto the mortgagee as by him shall be reasonably required;

(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 idemnify 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.

[CAP. 97

for redemp-

(2) The following proviso shall also be deemed to be (2) Proviso included that if the mortgagor on the stated day pays to tion. 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.

[37]

customary

Implied

30. (1) In a conveyance by way of mortgage in Form Chinese C in the Schedule there shall be deemed to be included the mortgage. following further covenants between the mortgagor and the provisions. mortgagee-

Sched. Form C.

77

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