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Implied contracts by mortgagor

In the absence of a contract to the contrary, the mortgagee shall be deemed to contract with the mortgagee:- (a) that the interest which the mortgagor professes to transfer to the mortgagor subsists, and the mortgagor has power to transfer the same; (b) that the mortgagor will defend, or if the mortgagee 1-e in the possession of the mort...

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