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Rules applying to permitted mortgages

In the case of mortgages made under section 6 (1) No interest shall accrue during the period for which the mortgagee is in possession of the land or in receipt of rent; (2) If the mortgage is in form (a) or form (b), then at the end of such period of possession the mortgage debt shall be extinguished; (3) the mortgagor may redeem his land a...


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