then, as a general rule, the compensation to
which the owner of the land will be entitled in respect of the acquisition is
to be determined as if the land had not been subject to the mortgage.
(2)
However, if compensation is payable under this Part to a mortgagee in respect
of a mortgage interest, the compensation payable to the owner of the land
acquired is to be reduced by so much of the compensation as is payable to the
mortgagee.
