(b) subject to a mortgage in favour of the chief executive on behalf of the
State (the
"chief executive’s mortgage" ).
(2) The chief executive may, at any time,
pay the purchasing price and any other fees or expenses required for the
issuing of a deed of grant in respect of the freeholding lease.
(3) If a
payment under subsection (2) is made—
(a) the lessee is taken to have
fulfilled all the conditions of the freeholding lease and any related contract
of sale; and
(b) the amount of the payment is added to the amount owing under
the chief executive’s mortgage.
(4) Subsections (2) and (3) apply despite
any other Act.
(5) For subsection (1)(a), a lease issued under the repealed
Act that is in force is taken to be in force under this Act.
