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The Pamphlet Collection of Sir Robert Stout: Volume 7

XIV.—Payment of Burdens on Property

XIV.—Payment of Burdens on Property

Whenever any property mortgaged to the Society shall be subject to any tax, chief, or ground rate, quit rent, fine, relief, or other payments, the mortgagor shall from time to time produce to the Actuary and Secretary a receipt or acknowledgment thereof respectively, within thirty days after the same shall become due or payable, or in default thereof, the mortgagor shall pay a fine of five shillings, and in case any of the said payments shall not be duly made within such period as aforesaid, the Committee shall order the sum to be paid out of the funds of the Society and the mortgagor shall repay the amount at the next monthly subscription meeting, together with the fine; and in default of payment thereof accordingly, he shall be fined in addition thereto as for an equal amount of repayment in arrear, or at the option of the Committee his interest in the premises mortgaged to the Society shall become forfeited, and the powers of sale contained in the mortgage given by him to the Society may be forthwith exercised.