sec.57Effect of exemption certificate ending

sec.57 Effect of exemption certificate ending

The ending of an exemption certificate does not affect the following proceedings in a court or tribunal started or taken by the mortgagee while the certificate was in force— proceedings to recover the farm business debt; proceedings to exercise or enforce a right under the farm mortgage. A reference in subsection (1) to proceedings started does not include a reference to— giving a statutory enforcement notice; or taking any other action that must be taken by the mortgagee before a right under the farm mortgage can be exercised or enforced. (sec.57-ssec.1) The ending of an exemption certificate does not affect the following proceedings in a court or tribunal started or taken by the mortgagee while the certificate was in force— proceedings to recover the farm business debt; proceedings to exercise or enforce a right under the farm mortgage. (sec.57-ssec.2) A reference in subsection (1) to proceedings started does not include a reference to— giving a statutory enforcement notice; or taking any other action that must be taken by the mortgagee before a right under the farm mortgage can be exercised or enforced.

• (a) proceedings to recover the farm business debt;
• (b) proceedings to exercise or enforce a right under the farm mortgage.
• (a) giving a statutory enforcement notice; or
• (b) taking any other action that must be taken by the mortgagee before a right under the farm mortgage can be exercised or enforced.