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TRANSFER OF LAND ACT 1958 - SECT 83 Application of moneys obtained in proceedings by a mortgagee

TRANSFER OF LAND ACT 1958 - SECT 83

Application of moneys obtained in proceedings by a mortgagee

Any money received by a first mortgagee under any proceedings commenced in his name shall after payment thereout of his costs be applied in reduction or satisfaction of the moneys secured, and subject thereto shall be disposed of according to the equities of the parties interested.

No. 5842 s. 84.