91Effect of conveyance on sale

91 Effect of conveyance on sale (1) A mortgagee exercising the power of sale conferred by this Act has, in the case of unregistered land, power by deed or instrument in writing to convey to and vest in the purchaser the property sold for all the interest (including the legal interest) in it that the mortgagor had power to dispose of freed from all interests and rights to which the mortgage has priority but subject to all interests and rights that have priority to the mortgage. (2) If a mortgagee exercising the power of sale conferred by this Act registers a transfer of the property sold under the Land Title Act 2000, the interest of the mortgagor in the property passes to the transferee freed and discharged from the mortgage and from all interests and rights to which the mortgage has priority but subject to all estates, interests and rights that have priority to the mortgage.