49
In forceEffect of acquisition of mortgage interest on rights of mortgagee
Part VIAcquisition procedures
49 Effect of acquisition of mortgage interest on rights of mortgagee
Where a mortgage interest is acquired by compulsory process, the mortgagee retains, in respect of so much of the mortgage debt as is not discharged by section 68, any rights and remedies that the mortgagee may have:
(a)
against the mortgagor; or
(b)
in respect of any interest in land that is still subject to the mortgage.
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