s. 86 and that recording shall be a valid discharge from such mortgage. (2) The Treasurer shall hold such moneys, together S. 85(2) amended by with all dividends and interest which accrue No. 80/2009 thereon, in the Trust Fund until an application is s. 43. made to the Treasurer by the mortgagee or other person entitled to the moneys for payment of those moneys. 86 First mortgagee to produce title for registration of No. 5842 s. 86. S. 86 subsequent instrument amended by No. 18/1989 When any instrument subsequent to a first s. 12(Sch. 1 mortgage is made by the registered proprietor of item 122(a)(b)). any land and such proprietor or the person entitled to the benefit of the subsequent instrument desires the registration of the subsequent instrument the first mortgagee if he holds the certificate of title concerned shall, upon being requested so to do by the proprietor or person entitled as aforesaid but at the cost of the person making such request, produce such certificate of title to the Registrar. 87 Puisne mortgagee may tender payment No. 5842 s. 87. If the money secured by any mortgage is due and the mortgagee requires payment thereof any other mortgagee of the same land may tender and pay to the mortgagee requiring such payment the money due upon his security, and the mortgagee making such payment shall be entitled at his own cost to a transfer of the interest of the mortgagee requiring such payment who shall effect the transfer accordingly.
and that recording shall be a valid discharge from such mortgage. S. 85(2) amended by No. 80/2009 s. 43. (2) The Treasurer shall hold such moneys, together with all dividends and interest which accrue thereon, in the Trust Fund until an application is made to the Treasurer by the mortgagee or other person entitled to the moneys for payment of those moneys. No. 5842 s. 86. S. 86 amended by No. 18/1989 s. 12(Sch. 1 item 122(a)(b)). 86 First mortgagee to produce title for registration of subsequent instrument When any instrument subsequent to a first mortgage is made by the registered proprietor of any land and such proprietor or the person entitled to the benefit of the subsequent instrument desires the registration of the subsequent instrument the first mortgagee if he holds the certificate of title concerned shall, upon being requested so to do by the proprietor or person entitled as aforesaid but at the cost of the person making such request, produce such certificate of title to the Registrar. No. 5842 s. 87. 87 Puisne mortgagee may tender payment s. 86 If the money secured by any mortgage is due and the mortgagee requires payment thereof any other mortgagee of the same land may tender and pay to the mortgagee requiring such payment the money due upon his security, and the mortgagee making such payment shall be entitled at his own cost to a transfer of the interest of the mortgagee requiring such payment who shall effect the transfer accordingly.
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