69Deposit of mortgage money on refusal to accept

69 Deposit of mortgage money on refusal to accept (a) to convey or release the mortgagee's interest in the land under the mortgage to the Authority or as it directs pursuant to section 68; or (b) to adduce good title to the mortgagee's interest in that land to the Authority's satisfaction— the Authority may pay to the credit of the Trust Fund to be dealt with by the Treasurer in the manner provided in this Act— (c) the principal sum and interest due on the mortgage; and (d) the costs (if any) due on the mortgage; and (e) if the payment is made before the expiration of the six months' notice referred to in section 68, such further interest as would at that time become due. (2) The Authority, if it thinks fit, may execute a deed poll— (a) containing a description of the lands in respect of which the deposit was made under subsection (1); and (b) describing the circumstances in which the deposit was made. (3) The Authority must register the deed poll in the office of the Registrar-General. (4) Upon the registration of the deed poll the interest of the mortgagee and of all persons in trust for the mortgagee or for whom the mortgagee may be trustee in the land comprised in the mortgage is vested in the Authority.