SALE OF LAND ACT 1962 - SCHEDULE 1

SALE OF LAND ACT 1962 - SCHEDULE 1

Schedule 1—Particulars of mortgage

Particulars to be Supplied When Land Sold Subject to a Mortgage.

(a)     The amount secured by the mortgage is

(b)     The mortgage     ¹ does not provide for further advances by the mortgagee .

    ¹ provides for further advances as follows:

²

(c)     The rate of interest presently payable under the mortgage is

Sch. 1(d) substituted by No. 7052 s. 2(k)(i), amended by No. 6/2008 s. 35.

(d)     Subject to compliance with the terms and conditions of the mortgage the amount secured by the mortgage is to be repaid by the         day of         20 .;

Sch. 1(e) substituted by No. 7052 s. 2(k)(i).

(e)     Instalments under the mortgage must be made as follows: ³

Amount         at         intervals.

(f)     The vendor is     ¹ not in default under the mortgage .

    ¹ in default under the mortgage in the following respects:

Sch. 1(g) inserted by No. 42/1989 s. 4(f).

(g)     At the date of giving these particulars, the amount required to discharge the mortgage is;

Sch. 1(h) inserted by No. 42/1989 s. 4(f).

(h)     The mortgagee's name and address are as follows:

Name:

Address:

Sch. 1(i) inserted by No. 42/1989 s. 4(f).

(i)     (to be completed if the contract is a terms contract and the consideration is to be satisfied in part by the purchaser assuming the obligations of the mortgagor)—

the mortgagee—

¹ has consented to the purchaser assuming the mortgagor's obligations under the mortgage—

¹ has not consented to the purchaser assuming the mortgagor's obligations under the mortgage.

⁴

Footnote amended by No. 7052 s. 2(k)(ii).

¹ As the case requires.

² Insert summary of relevant provisions.

³ Not required if mortgage does not provide for repayment by instalments.

⁴ Give details of defaults.

Sch. 2 inserted by No. 42/1989 s. 5(2).