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The Pamphlet Collection of Sir Robert Stout: Volume 7

XXV.—Re-Conveyance

XXV.—Re-Conveyance.

Re-conveyance of Mortgaged Property.

When the whole of the subscriptions, fines, and other payments on any realised share or shares have been paid by any member, the Trustees for the time being shall, if requested, endorse upon the mortgage given to the Association by such page 25 member a receipt for all moneys intended to be secured thereby, in the following form, pursuant to "The Building and Land Societies' Act, 1866" :—
We, the undersigned, being the Trustees for the time being of the

Form of Receipt in lieu of Re-conveyance

within-mentioned "Permanent Investment and Loan Association of Canterbury," do hereby acknowledge to have received of and from the within-named [mortgagor] all moneys intended to be secured by the within-written deed.

As witness our hands, this____day of____187 .

and shall deliver up the same, with all other deeds and documents relating to such mortgage which shall have been deposited with them by such member; subject, nevertheless, to the provisions contained in these rules. The Solicitor to the Association shall be entitled to receive a fee of 10s. 6d. from the member requiring such a receipt for obtaining the same. Provided always, that any member shall be entitled to

Member may require Re-conveyance.

a re-conveyance of the property mortgaged at his own cost.