sec.17EReturn of farm equipment when breach remedied

sec.17E Return of farm equipment when breach remedied

The mortgagee must return the farm equipment to the mortgagor if, within 14 days after the mortgagee receives a notice under section 17D (b) , the mortgagor— pays or tenders to the mortgagee the amount owing under the mortgage for the period ending on the day the mortgagor pays or tenders the amount; and pays or tenders to the mortgagee— the mortgagee’s enforcement expenses; and any expense the mortgagee must reasonably incur to return the farm equipment to the mortgagor; and remedies any other breach of the mortgage, or if the mortgagor can not remedy the breach, pays or tenders to the mortgagee any expense the mortgagee must reasonably incur to remedy the breach. Maximum penalty—500 penalty units. s 17E ins 2002 No. 52 s 10

• (a) pays or tenders to the mortgagee the amount owing under the mortgage for the period ending on the day the mortgagor pays or tenders the amount; and
• (b) pays or tenders to the mortgagee— (i) the mortgagee’s enforcement expenses; and (ii) any expense the mortgagee must reasonably incur to return the farm equipment to the mortgagor; and
• (i) the mortgagee’s enforcement expenses; and
• (ii) any expense the mortgagee must reasonably incur to return the farm equipment to the mortgagor; and
• (c) remedies any other breach of the mortgage, or if the mortgagor can not remedy the breach, pays or tenders to the mortgagee any expense the mortgagee must reasonably incur to remedy the breach.
• (i) the mortgagee’s enforcement expenses; and
• (ii) any expense the mortgagee must reasonably incur to return the farm equipment to the mortgagor; and