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Mortgages Act, 1972 N.R.C.D. 96.

Section 1: (1)A mortgage for the purposes of this Act is a contract charging immovable property as security for the due repayment of a debt and the interes ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 2: (1) A mortgage of immovable property is only capable of being effected in accordance with this Act, and a transaction which is in substance a mo ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 3: (1) A mortgage is not enforceable unless(a) it is evidenced by a writing signed by the mortgagor or by the agent of the mortgagor authorised by ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 4: (1) A mortgage is effectual to create a charge on the interests and rights which the mortgagor has in  the property mortgaged, or which the ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 5:Unless a contrary intention appears expressly, a mortgage is security only for the performance of the act provided in the mortgage and not for a perfo ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 6: Unless a contrary intention appears expressly or by necessary implication, the mortgagor is personally liable as well as liable on the mortgage secur ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 7: (1) Unless a contrary intention appears expressly or by necessary implication, a mortgage made to two or more mortgagees or transferred to two o ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 8: Unless a contrary intention appears expressly or by necessary implication(a) there shall be implied the covenants relating to the right to mortgage, ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 9: Unless a contrary intention appears expressly or by necessary implication, in a mortgage or transfer of a mortgage (a) where two or mo ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 10: (1) Unless a contrary intention appears expressly or by necessary implication,(a) as against the mortgagor the prior mortgagee is entitled to p ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 11: (1) Both the mortgagor and the mortgagee have an insurable interest in the mortgaged property.(2) Unless a contrary intention appears expressly ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 12: (1) Unless a contrary intention appears expressly or by necessary implication, a mortgagor may transfer all or a part of the mortgagor’s ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 13: (1) A mortgagee may transfer all or a part of the mortgagee’s interest in the mortgage without the concurrence of the mortgagor, but the ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 14: (1) Where the performance of an act secured by the mortgage is illegal, or derives from a contract which is illegal, the mortgage is not, to th ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 15: On the failure of performance of an act secured by the mortgage the mortgagee may(a) sue the mortgagor or obligor or both of them on a personal ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 17: (1) On the failure of performance of an act secured by the mortgage, the mortgagee is entitled, as against the mortgagor and a person deriving ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 20:(1) A person entitled to redeem a mortgaged property may redeem that property by(a) performing the acts secured by the mortgage which have yet to be ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 21: A person entitled to redeem mortgaged property may have an order for judicial sale instead of an order for redemption in an action brought by t ...

Mortgages Act, 1972 N.R.C.D. 96.

Section 22: (1) A mortgagee shall be redeemed on acceptance of a tender of performance and compensation under section 20 or on an order for redemption, but ...