Section No :  
1980 Revised version
MORTGAGE
Marginal Notes
1. This Act may be cited as the Mortgage Act.
2. Interpretation.
3. Approved credit agencies.
4. Application of this Part.
5. Interpretation of terms in this Part.
6. Registration of address for service of documents.
7. Actions on mortgage.
8. Lis pendens to be registered & c.
9. Notice of hypothecary action.
10. Manner of issue of notice.
11. Manner of issue of process, & c, where person entitled to notice is a party to the action.
12. Rights of person to whom notice is issued.
13. Right of person entitled to notice to be added as a party before sale.
14. Rights of person added during pendency of action.
15. Persons noticed or added to be bound by decree and sale.
16. Intervention by person interested who is not entitled to notice.
17. Meaning of "party omitted ".
18. Party omitted may intervene after sale and dispute the amount of decree or claim balance proceeds.
19. Action by or against party omitted for settlement of rights, & c.
20. Issue may be raised as to amount properly due under mortgages paid off out of proceeds of prior sale.
21. Procedure where court finds that moneys are due to party omitted from mortgagor.
22. Provisions applicable where party omitted is a transferee.
23. Order against prior mortgagee if overpayment was made from proceeds of prior sale.
24. Meaning of "prior mortgage ","poise mortgage", & c.
25. Effect of conveyance upon sale under puisne mortgage.
26. Appointment of representative of deceased mortgagor or of deceased party to hypothecary action.
27. Effect of representative being made a party.
28. Provision for death, insolvency, unsoundness of mind or minority of party entitled to notice and for registration of addresses and issue of notice in such cases.
29. Estate to be bound if notices issued as provided in section 28.
30. Estate to be bound notwithstanding death, & c, if address not registered.
31. Special provision for actions on mortgages created before the appointed date.
32. Death, insolvency or unsoundness of mind of mortgagor after entry of decree.
33. Power of plaintiff to join claimant adverse to mortgagor.
34. Provision for declaration by court as to removal from land of persons claiming adversely to mortgagor.
35. Right of claimant to be added as party and to raise issues as to right of possession, & c.
36. Order of court upon application under section 35.
37. Application for appointment of receiver of mortgaged land.
38. Cases where court may refuse to appoint receiver.
39. Cancellation of appointment.
40. Order for appointment, & c.
41. Eights and powers of receiver.
42. Duties and liabilities of receiver.
43. Payment of subsistence allowance to mortgagor.
44. Nett profits to be kept in court.
45. Registration of appeal against orders under sections 37 to 43.
46. Property liable to sale in execution of decree.
47. Operation of section 46.
48. Order for sale in decree & c.
49. Special provision for seizure and sale.
50. Directions and other provisions as to sale.
51. Leave to plaintiff to bid and purchase.
52. Directions for second sale if highest bid is less than current market value.
53. Form of conveyance to purchaser.
54. Delivery of possession, & c.
55. Removal of all persons whomsoever where declaration has been made under section 36.
56. Fiscal to prepare plan of the land of which possession is delivered.
57. Claims to balance proceeds of sale.
58. Rights of seizing creditor to participate in balance proceeds of sale.
59. Decree absolute in default of appearance.
60. Costs.
61. Application of Chapter XXII of the Civil Procedure Code.
62. Application of this Part.
63. General mortgages abolished.
64. Effect of mortgages to secure future liability, & c.
65. Action by concurrent mortgagee.
66. Warrant of attorney to confess judgment in mortgage action.
67. Production to court of title deeds of mortgaged land.
68. No security for costs in actions on mortgage.
69. Creation of mortgage by deposit of deeds and prescribed instrument.
70. Execution and attestation of instrument.
71. Special provisions as to payment of stamp duty.
72. Right of mortgagee to make and recover payments of stamp duty.
73. Right of approved agency to realize shares mortgaged in specified circumstances.
74. Address of mortgagor and issue of notice of demand.
75. Effect of exercise of right of sale & c.
76. Proceeds of sale or purchase to be applied in satisfaction of debt.
77. Rights of mortgagor on discharge of mortgage.
78. Right to damages, & c, for wrongful sale.
79. Savings for application of company law, & c, as to transfers and registration.
80. Meaning of "shares".
81. Rights of approved agency to surrender mortgaged life policy in specified circumstances.
82. Address of mortgagor and issue of notice of demand.
83. Moneys received upon surrender to be applied in satisfaction of debt.
84. Right to damages, & c, for wrongful surrender.
85. Power of approved credit agency to sell corporeal movables which are subject to mortgage.
86. Notice of demand of payment prior to exercise of power of sale.
87. Application of proceeds of sale.
88. Damages for wrongful sale of mortgaged property
89. Meaning of "book debt"
90. Rights of approved credit agency to which book debts are assigned by way of mortgage.
91. Manner of giving notice of assignment to person owing book debt.
92. Application of moneys received in payment of mortgage debt.
93. Damages for wrongful exercise of power to recover book debt.
94. Provision for recovery of book debt by assignor notwithstanding assignment.
95. Protection for debtor paying without notice of assignment.
96. Application for appointment of receiver where entire stock in trade, & c, is mortgaged.
97. Refusal to appoint receiver.
98. Directions in order of appointment, & c.
99. Duties and liabilities of receiver.
100. Moneys to be kept in court.
101. Restriction of appeals against appointment, & c, of receiver.
102. Special registration of mortgage of motor vehicle.
103. Registered mortgage of motor vehicle to subsist notwithstanding sales, & c, to third party.
104. Cancellation of registration of mortgage of motor vehicle.
105. Rights of mortgagee of movables seized by other creditor.
106. Rights of mortgagee of movables upon insolvency of mortgagor.
107. Order for sale and directions.
108. Manner of sale of mortgaged movables.
109. Application of this Part.
110. Injunction to restrain removal of goods from premises the rent of which is in arrear.
111. Liability of goods to seizure under decree for rent.
112. Rights of landlord in relation to goods on premises.
113. " Member of the family" defined.
114. Approval of credit agencies, & c.
115. Section - 115
116. Savings for appointment of receivers under Civil Procedure Code.