Forms in Conveyancing and General Legal Forms: Comprising Precedents for Ordinary Use, and Clauses Adapted to Special and Unusual Cases. with Practical Note
Forms in Conveyancing and General Legal Forms: Comprising Precedents for Ordinary Use, and Clauses Adapted to Special and Unusual Cases. with Practical Note
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1899 edition. Excerpt: ...due remains unpaid, or whilst the mortgagee, or his executors, administrators, or assigns, or any receiver appointed in his or their behalf, shall be in possession or in receipt of the rents and profits of all or any of the said premises comprised in this security. Proviso that whole Debt shall become due upon ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1899 edition. Excerpt: ...due remains unpaid, or whilst the mortgagee, or his executors, administrators, or assigns, or any receiver appointed in his or their behalf, shall be in possession or in receipt of the rents and profits of all or any of the said premises comprised in this security. Proviso that whole Debt shall become due upon Default in Payment of any Instalment of Principal or Interest. And provided also, that if the said grantor, his heirs, executors, or administrators, shall at any time make default in the payment of any of the said instalments or interest, or any part thereof respectively, for the period of days after the time hereinbefore appointed for the payment thereof, or in the performance of any of the covenants on the part of said grantor herein contained, then and in any such case the whole of said principal money which shall for the time being remain unpaid shall forthwith become payable, and shall be paid, with interest at the rate aforesaid, by the said grantor, his heirs, executors, or administrators, to the said grantee, his executors, administrators, or assigns, on demand. Who may exercise the Power of Sale. It is hereby agreed and declared, that the power of sale and all the powers and rights hereinbefore given to the said mortgagee, his executors, administrators, and assigns, may be exercised by him or them, or the persons or person for the time being entitled to receive the moneys hereby secured, and to give a discharge for the same. Same. Another Form. It is hereby also agreed and declared, that the aforesaid power of sale may be exercised by any person or persons who for the time being shall be entitled to receive and give a discharge for the moneys owing on the security of these presents. That Purchaser under Mortgage Sale fhall not be...
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