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Mortgage Bond - Judgment Search Results

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Mar 20 2013

The Steve Tshwete Local Municipality Vs. Fedbond Participation Mortgag ...

Court: South Africa Supreme Court of Appeal

Decided on: Mar-20-2013

a charge upon the property in connection with which the amount is owing and enjoys preference over any mortgage bond registered against the property. [9] As explained in Kaplan, the principal elements of s 118 are an embargo … The preference accorded by s 118(3) in favour of the municipality over that of a holder of a mortgage bond is limited to claims which fell during the period laid down in s 89(1), ie two years prior

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