s. 77 of the annuity and such other persons as appear by the Register to be affected notice in writing to pay the money owing or to perform and observe the covenants (as the case may be). (2) Where money secured by any such mortgage is made payable on demand a demand in writing pursuant to the mortgage shall for the purposes of this Act be equivalent to serving the notice aforesaid. (3) A notice or demand referred to in subsection (1) S. 76(3) inserted by or (2) must also be served on the Director within No. 106/2004 the meaning of the Housing Act 1983 if— s. 17. (a) the mortgage or charge affects land in which the Director has an interest under section 107 of that Act; and (b) the interest of the Director is recorded on the Register. 77 Power of sale under a mortgage or charge No. 5842 s. 77. (1) If within one month after the service of such notice or demand or such other period as is fixed in such mortgage or charge the mortgagor grantor or other persons do not comply with the notice or demand the mortgagee or annuitant may, in good faith and having regard to the interests of the mortgagor grantor or other persons, sell or concur with any other person in selling the mortgaged or charged land or any part thereof, together or in lots, by public auction or by private contract, at one or several times, and for a sum payable in one amount or by instalments, subject to such terms and conditions as the mortgagee or annuitant thinks fit, with power to vary any contract for sale and to buy in at any auction or to rescind any contract for sale and to resell without being answerable for any loss occasioned thereby and with power to make such roads streets and
of the annuity and such other persons as appear by the Register to be affected notice in writing to pay the money owing or to perform and observe the covenants (as the case may be). (2) Where money secured by any such mortgage is made payable on demand a demand in writing pursuant to the mortgage shall for the purposes of this Act be equivalent to serving the notice aforesaid. S. 76(3) inserted by No. 106/2004 s. 17. (3) A notice or demand referred to in subsection (1) or (2) must also be served on the Director within the meaning of the Housing Act 1983 if— (a) the mortgage or charge affects land in which the Director has an interest under section 107 of that Act; and (b) the interest of the Director is recorded on the Register. No. 5842 s. 77. 77 Power of sale under a mortgage or charge s. 77 (1) If within one month after the service of such notice or demand or such other period as is fixed in such mortgage or charge the mortgagor grantor or other persons do not comply with the notice or demand the mortgagee or annuitant may, in good faith and having regard to the interests of the mortgagor grantor or other persons, sell or concur with any other person in selling the mortgaged or charged land or any part thereof, together or in lots, by public auction or by private contract, at one or several times, and for a sum payable in one amount or by instalments, subject to such terms and conditions as the mortgagee or annuitant thinks fit, with power to vary any contract for sale and to buy in at any auction or to rescind any contract for sale and to resell without being answerable for any loss occasioned thereby and with power to make such roads streets and
58-6399a174.docx