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Transfer of Land Act 1958
83Application of moneys obtained in proceedings by a mortgagee
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83 Application of moneys obtained in proceedings by a mortgagee
Any money received by a first mortgagee under any proceedings commenced in his name shall after payment thereout of his costs be applied in reduction or satisfaction of the moneys secured, and subject thereto shall be disposed of according to the equities of the parties interested.
No. 5842 s. 84.