1988 Ed.]
5.
Conveyancing and Property
[CAP. 219
41
This Legal Charge is in addition to and shall not affect or be affected by any other security or guarantee which the Lender may now or at any time hold or take from the Borrower or from any other person in respect of the Facility.
6. There are incorporated herein as if they were herein written the covenants on the part of the Borrower set out in Part C of the Second Schedule to the Conveyancing and Property Ordinance.
SCHEDULE
1. The Property-
(a) Description and address:
(b) Lot number, sections, undivided shares etc.:
(c) Exceptions and reservations, etc.:
(d) Easements and other appurtenant rights, if any:
2. The Crown Lease-
(a) Date:
(b) Parties:
(c) Term:
(d) Lot number: (Amended, 31 of 1988, s. 28)
SIGNED SEALED AND DELIVERED etc.
L.S.
FORM 6
Receipt on discharge of a Charge
The Lender acknowledges receipt of all money secured by the annexed/within written Charge.
Dated.
[Signature]
[Seal]
FOURTH SCHEDULE
POWERS OF MORTGAGEE AND RECEIVER
(s. 51)
1. To insure the mortgaged land or any part thereof for any sum not exceeding its full reinstatement value, and any money paid for such insurance shall be a charge on the mortgaged land in addition to the mortgage money, with the same priority, with interest at the same rate as the mortgage money; and the mortgagee shall account to the mortgagor for all money received by him on an insurance effected on the mortgaged land.
2. To take possession of the mortgaged land and, for that purpose, to take any legal proceedings.
3. To do all things necessary or desirable to preserve, maintain and manage the mortgaged land.
4. To lease, surrender and accept the surrender of leases of, the mortgaged land.
5. To exercise any powers or rights incidental to the ownership of the mortgaged land.
6. To settle, adjust, refer to arbitration, compromise and arrange any claim, demand or dispute relating to the mortgaged land,
7. To bring, prosecute, enforce, defend, compromise and abandon any claim, action, suit or proceeding in relation to the mortgaged land.
8. To sell and assign the mortgaged land, subject to any prior estates, interests and rights to which the mortgaged land is subject, but free from the mortgage and all other estates, interests and rights to which the mortgage has priority, in such manner and subject to such lawful conditions as the mortgagee or receiver thinks fit; with power to vary or rescind any contract for sale, buy in at any auction and to resell without being answerable to the mortgagor for any loss occasioned.
1988 Ed.]
5.
Conveyancing and Property
[CAP. 219
41
This Legal Charge is in addition to and shall not affect or be affected by any other security or guarantee which the Lender may now or at any time hold or take from the Borrower or from any other person in respect of the Facility.
6. There are incorporated herein as if they were herein written the covenants on the part of the Borrower set out in Part C of the Second Schedule to the Conveyancing and Property Ordinance.
SCHEDULE
1. The Property-
(a) Description and address:
(b) Lot number, sections, undivided shares etc.:
(c) Exceptions and reservations, etc.:
(d) Easements and other appurtenant rights, if any:
2. The Crown Lease-
(2) Date:
(b) Parties:
(c) Term:
(d) Lot number: (Amended, 31 of 1988, s. 28)
SIGNED SEALED AND DELIVERED etc.
L.S.
FORM 6
Receipt on discharge of a Charge
The Lender acknowledges receipt of all money secured by the annexed/within written Charge.
Dated.
FOURTH SCHEDULE
POWERS OF MORTGAGEE AND RECEIVER
[Signature]
[Seal]
or
(s. 51]
1.
To insure the mortgaged land or any part thereof for any sum not exceeding its full reinstatement value, and any money paid for such insurance shall be a charge on the mortgaged land in addition to the mortgage money, with the same priority, with interest at the same rate as the mortgage money; and the mortgagee shall account to the mortgagor for all money received by him on an insurance effected on the mortgaged land.
To take possession of the mortgaged land and, for that purpose, to take any legal proceedings. To do all things necessary or desirable to preserve, maintain and manage the mortgaged land. To lease, surrender and accept the surrender of leases of, the mortgaged land.
2.
3.
4.
5.
To exercise any powers or rights incidental to the ownership of the mortgaged land.
6.
7.
8.
To settle, adjust, refer to arbitration, compromise and arrange any claim, demand or dispute relating to the mortgaged land,
To bring, prosecute, enforce, defend, compromise and abandon any claim, action, suit or proceeding in relation to the mortgaged land.
To sell and assign the mortgaged land, subject to any prior estates, interests and rights to which the mortgaged land is subject, but free from the mortgage and all other estates, interests and rights to which the mortgage has priority, in such manner and subject to such lawful conditions as the mortgagee or receiver thinks fit; with power to vary or rescind any contract for sale, buy in at any auction and to resell without being answerable to the mortgagor for any loss occasioned.
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