Victorian Consolidated Legislation

Instruments Act 1958 - SECT 75

Mortgages of stock to comprise the stock for the time being on the station

75. Mortgages of stock to comprise the stock for the time being on the station

Every registered mortgage of stock shall, unless the contrary is expressed
therein, be deemed to include not only the stock mentioned in such mortgage
and the increase and progeny of such stock, but also all stock belonging to
the mortgagor his executors or administrators, which after the execution of
such mortgage at any time during the continuance of the security are
depasturing or are at in or upon any station comprised or mentioned in such
mortgage; and also shall be deemed to authorize the mortgagee his executors
administrators or assigns or his or their agent, or the agent of any
corporation (being such mortgagee), on the happening of any event on which any
power of sale contained in the mortgage deed may be exercised, to enter upon
such station and take possession of all the stock which are for the time being
found at upon or about any such station, and which belong to the mortgagor his
executors or administrators, and the same stock to dispose of under such power
of sale.