101Foreclosure, sale or redemption of land partly under the Real Property Act 1900

101 Foreclosure, sale or redemption of land partly under the Real Property Act 1900

101 Foreclosure, sale or redemption of land partly under the Real Property Act 1900

(1) Where mortgage money or an amount secured by a charge is secured partly by a mortgage or charge registered under the Real Property Act 1900 and partly by other securities—

(a) an order for foreclosure or sale, in respect of land the subject of the mortgage or charge, or

(b) an order for redemption, in respect of land the subject of the mortgage,

may, notwithstanding anything contained in that Act, be made by the Court as if the land was not under the provisions of that Act.

(2) In cases where an order absolute for foreclosure is made by the Court under this section, the Registrar-General shall, on lodgment of an application in the form approved under that Act, register as proprietor the person in whose favour the order is made.

(3) This section applies only to charges imposed under section 88F.

s 101: Am 1970 No 52, Second Sch (am 1972 No 41, Second Sch); 1972 No 17, sec 8 (d); 1986 No 70, Sch 2 (5).