s. s. 8 8A * * * * * S. 7 amended by Nos 7052 s. 2(f), 7272 s. 3, 9554 s. 2(2)(Sch. 2 item 288), repealed by No. 6/2008 s. 30. 8 Apportionment of mortgage moneys where land subdivided (1) Where any land which is subject to a mortgage is S. 8(1) amended by or has been subdivided into separate lots or No. 53/1988 parcels the mortgagor may require the mortgagee s. 45(Sch. 2 item 40). to apportion the mortgage moneys to the respective lots or parcels of land which are subject to the mortgage. (2) If the mortgagee fails to apportion the mortgage S. 8(2) amended by moneys to the respective lots or parcels or if the No. 53/1988 mortgagor is dissatisfied with the proposed s. 45(Sch. 2 items 40, 41). apportionment the mortgagor may apply to an arbitrator for a determination as to the amount to be apportioned to each such lot or parcel. (3) Where the mortgage moneys have been S. 8(3) amended by apportioned to the respective lots or parcels No. 53/1988 pursuant to this section the mortgagee shall on s. 45(Sch. 2 item 40). tender of— (a) the amount apportioned to any particular lot S. 8(3)(a) amended by or parcel; or No. 53/1988 s. 45(Sch. 2 item 41). (b) a registrable instrument of mortgage to S. 8(3)(b) amended by secure payment of all moneys apportioned to No. 53/1988 that lot or parcel— s. 45(Sch. 2 item 41).
S. 7 amended by Nos 7052 s. 2(f), 7272 s. 3, 9554 s. 2(2)(Sch. 2 item 288), repealed by No. 6/2008 s. 30. * * * * * 8 Apportionment of mortgage moneys where land subdivided s. 8 S. 8(1) amended by No. 53/1988 s. 45(Sch. 2 item 40). (1) Where any land which is subject to a mortgage is or has been subdivided into separate lots or parcels the mortgagor may require the mortgagee to apportion the mortgage moneys to the respective lots or parcels of land which are subject to the mortgage. S. 8(2) amended by No. 53/1988 s. 45(Sch. 2 items 40, 41). (2) If the mortgagee fails to apportion the mortgage moneys to the respective lots or parcels or if the mortgagor is dissatisfied with the proposed apportionment the mortgagor may apply to an arbitrator for a determination as to the amount to be apportioned to each such lot or parcel. S. 8(3) amended by No. 53/1988 s. 45(Sch. 2 item 40). (3) Where the mortgage moneys have been apportioned to the respective lots or parcels pursuant to this section the mortgagee shall on tender of— S. 8(3)(a) amended by No. 53/1988 s. 45(Sch. 2 item 41). (a) the amount apportioned to any particular lot or parcel; or S. 8(3)(b) amended by No. 53/1988 s. 45(Sch. 2 item 41). (b) a registrable instrument of mortgage to secure payment of all moneys apportioned to that lot or parcel— s. 8A
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