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(p. 263) 6. Security interests in land 

(p. 263) 6. Security interests in land
(p. 263) 6. Security interests in land

Kevin Gray

and Susan Francis Gray

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date: 25 February 2020

Titles in the Core Text series take the reader straight to the heart of the subject, providing focused, concise, and reliable guides for students at all levels. Land is a potential source for a number of important security interests. In particular, a ‘mortgage’ (or ‘charge’) of land initiates one of the most significant kinds of credit relationship in the modern world. This chapter discusses the following: the creation and termination of various kinds of mortgage or charge over land; the means by which the law affords protection to the borrower (or ‘mortgagor’); the means by which the law affords protection to the lender (or ‘mortgagee’); the remedies available to the mortgagee in the event of default by the mortgagor; the priority of mortgages inter se; and other forms of security interest in land such as rentcharges and rights of entry.

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