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Clog on equity of redemption

Clog on equity of redemption. Any provision inserted in a mortgage to prevent redemption on payment or performance of the debt or obligation

Mortgage

pay the debtor loan and interest within the time mentioned in a clause technically called the proviso for redemption, he will be entitled to have his property again free from the mortgagee's claim; but should he not

Tithe Rent-Charge

Court, as in the case of landlord and tenant. As to the consideration money formerly payable on the redemption of a tithe rent-charge and the discharge thereof by an annuity, see Tithe Act, 1918, and Tithe (English)

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redeem

pledge usually by payment of the amount secured thereby [ collateral] b : to exercise an equity of redemption in (real property) by payment in full of a mortgage debt after default but prior to a foreclosure

Land-tax

it was made perpetual upon the basis of the valuation of 1689. The same Act provided for the redemption of the tax, but the redemption clauses were shortly afterwards superseded by the (English) Land Tax Redemption Act,

Pawnbroker

pawner a pawn-ticket, and shall not take a pledge in pawn unless the pawner takes a pawn-ticket. 16. Redemption. Every pledge shall be redeemable within 12 months from the day of pawning, exclusive of that day; and

Foreclosure

mortgagor, after breach of the condition, to elect either to redeem the pledge or that his equity of redemption be extinguished by an order of the Court. The foreclosure of mortgages is one of the matters assigned

Mortgagee

Mortgagee, a 'mortgagee' for the purpose of redemption would include all persons who derive title from him and it is immaterial whether that title is derived

Priority

section, see Dearle v. Hall. In regard to mortgages: before 1926, puisne mort-gagees to whom the equity of redemption was conveyed in succession obtained priority by the order in date of their mortgages, subject to the application

Equitable mortgage

L.C. Act, 1925, s. 10, Class C. (2) Where the subject of the mortgage is an equity of redemption, which is merely a right to bring an action in the Chancery Division to redeem the estate. Now

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