'»* I ^^r..-- m This book was digitized by Microsoft Corporation in cooperation witli Cornell University Library, 2008. You may use and print this copy in limited quantity for your personal purposes, but may not distribute or provide access to it (or modified or partial versions of it) for revenue-generating or other commercial purposes. Digitized by Microsoft® Digitized by Microsoft© (SnrttfU Cam ^rlynnl ICibrary Digitized by Microsoft® PRIDE AUX'S PRECEDENTS IN CONVEYANCING; WITH ON ITS LAW AND PRACTICE. NINTH EDITION. FREDERICK JRIDEAUX, LATE PROFESSOR OF THE LAW OF REAL AND PErSBRAL PROPERTY TO THE INKS OF COURT. AND JOHN WHITCOMBE, BOTH OF Lincoln's inn, gbqrs., barhisters-at-law, VOL. I. LONDON: 4 . STEVENS & SONS, 119, CHANCERY LANE, 1879. Digitized by Microsoft® BnV7ff LONDOK : EKADBUEY, AQNEW, & CO., PBINTEKS, WHITEPBIAES. Digitized by Microsoft® .PEEFACE TO THE NINTH EDITION. In this Edition, as in former ones, the work has been carefully revised throughout, additions have been made, and the cases and statutes are brought down to the date of publication. It has been found necessary to rewi'ite the Disser- tation on and to reconstruct the Precedents of Bills of Sale, as the Bills of Sale Act, 1878, has made important alterations in the law on this subject. Dec, 1878. F. P. J. W. Digitized by Mictosoft® »1 Cornell University Library The original of tiiis book is in the Cornell University Library. There are no known copyright restrictions in the United States on the use of the text. http://www.archiY^^g^g/,^^J^ifefeu31924021758754 EEEATA AND ADDENDA. Page 5, note {le). For " 293," read " 223." Page 11, note (x). For " 528," read " 524." Page 14, note (n). For "3 Ch. 6," read "3 Ch. 61." Page 15, note («). For " Tewart v. Tewart," read " Tewart v. Lawson." Page 23, hote (r). For " 2 Eq.," read " 2 Exch." Page 35, after " Bos v. Helsham, L. R. 2 Exch. 72," in note (/), add " But see Manson v. Thacker, 7 Ch. D. 620." It is submitted that this latter case was rightly decided. See also Besley v. Besley, 9 Ch. D. 103. Pages 2, 33, 792. As to the construction of section 2 (rule 2) of the Vendor and Purchaser Act, 1874, see Bolton v. London School Board, 7 Ch. D. 766, which decided that a recital in a conveyance only 24 years old to the effect that the vendor was seised in fee simple precluded the purchaser from requiring the vendor to carry the title further back. It is submitted that this decision is wrong. Page 37, note (e). For " 2 Q. B. D.," read " 1 Q. B. D." „ note (i). After " 5 C. D. 648," add " aifirmed on appeal as to this point by the House of Lords. 3 App. Cas. 1124." Page 74, line 6 from top. For " vendor," read " purchaser;" and in note {€), for « C. P. D." read " 1 C. P. D." Page 75, note (s). Add " Eishton v. Whatmore, 8 Ch. D. 467." Page 77, note (I). For " Bonnewell v. Jenkiiis, W. N. 1878, p. 18," read "Bonnewell v. Jenkins, 8 Ch. D. 70." „ line 15 from bottom, after the word " stipulation," add " An offer to sell which is accepted by letter, subject to the title being approved by purchaser's solicitor, is not a binding contract. Hendon v. Buck, 7 Ch. D. 683 ; Hnssey v. Home-Payne, 8 Ch. D. 670." Page 78, note (3). For « 1 D & J. 33," read " 1 D. & J. 34." Page 93, After clause 2 in No. V. take in clause 3 in No. IV., p. 91. Page 98, note (a). For " 28 Beav. 197," read " 28 Beav. 194." Page 139, note (e). For "108," read " 608." Page 159, note (n). Add " Anglo-Italian Bank v. Davies, 9 Ch. D. 275." Page 176, note (i). For "Whitbread v. Jenny, 8 East, 522," read "Whit- bread V. Jenny, 5 East, 522." Page 188, note (/). For " 2 De G. & S. 351," read "2 De G. & S. 321." Page 198, note (x). Add " Renals v. CowUshaw, 9 Ch. D. 125." Page 200. For paragraph beginning " If property is purchased," read " If property is purchased for partnership purposes, it is usual to take the conveyance directly to the partners, as joint-tenants, to be held by them as part of the capital of the partnership." Digitized by Microsoft® VL ERRATA AND ADDENDA. Page 201, line 8 from bottom. For " or grandchild," read " or grandchild, where the father is dead." Page 204, Line 5 from bottom, for "at the expense of the vendor to a covenant for their production," read "to a deed of covenant for their future production to be prepared." V. & P. Act, section 2. Page 205, note {n). For " 386," read " 388." Page 220, line 13 from top. For "attomies," read " solicitors." Page 304, line 7 from t)ottom, for " attomies,'' read "soKoitors." Page 315. After " In re Lavies," add « see 10 Ch. D. 100." Page 413, No. CVIII. must be registered under Bills of Sale Act, 1878. Page 445, line 2 from bottom, for " attornies," read " solicitors." Page 448, Hue 24 from top, for " attomies," read "solicitors." Page 470, note (r). For " 24 Beav. 180," read "24 Beav. 186." Page 471. Bemedy of equitable mortgagee by deposit of deeds with or with- out meiborandum is foreclosure, not sale. Pryoe v. Bury, L. R. 16 Eq. 153, n. ; James v. James, L. R. 16 Eq. 153; Backhouse V. Charlton, 8 Ch. D. 444." Page 473, note (k). For " 5 Hare, 528," read " 5 Hare, 598." Page 482, note (x). For « 2 P. W. 63," read "2 P. W. 664." Page 482, note (y). For " 7 De G. M. & G." read " 8 De G. M. & G." Page 484, note (l). Add " Newmarch v. Storr, 9 Ch. D. 12." Page 484, line 5 from bottom, omit sentence commencing "If then," ending with " purpose," p. 485 ; and substitute the following, " By 41 Vict. c. 34, it is provided that 17 & 18 Vict. c. 113, and 30 & 31 Vict. c. 69, shall, as to any testator or intestate dying after 31 Dec, 1877,' extend to a testator or intestate dying seised or possessed of land of any tenn/re." Page 486, note {t). For « 26 Beav." read " 23 Beav." Page 489, note (J). For " 10 Eq. 557," read " 18 Eq. 556." Page 492, note Qc). For " 2 Giff. 253," read " 2 Giff. 353." Page 495, note (&). For " 1 Drew. 173," read " 1 Drew. 193." Page 495, note (x). Add "Spencer v. Clarke, 9 Ch. D. 137." Page 502, Line 3 from top, add " a policy of assurance is a 'thing in action' within section 15 of Bankruptcy Act, 1869. Ex parte Ibbetson, 8 Ch. D. 519." Page 735, note (r). Add " Ex parte Brown, 9 Ch. D. 389." Page 737, Line 13 from bottom. For " 1874 " read " 1854." Page 737, line 14 from bottom, add as a further note on sec. 6 of the Bills of Sale Act, 1878, " It is conceived that the proviso at the end of section 6 does not apply where a mortgagor in possession attorns tenant to the mortgagee by the deed itself. Such an attornment cannot be considered as a demise by a mortgagee ' heing in posses- sion,' and the words ' being in possession ' cannot be struck out of the clause, merely because they seem to render it inapplicable to any case that is likely to occur." Page 742, See "Ex parte Hall, W. N. 1878, p. 182." Page 793. As to construction of section 48 of Land Transfer Act, 1875 see " Morgan v. Swansea Urban Sanitary Authority, 9 Ch. D. 582." Digitized by Microsoft® TABLE OF CONTENTS OF DISSEETATIONS. 1.— Conditions of Sale, jd. 1. Particulars and conditions, 1. Division of the subject of conditions, 1. I. Conditions relating to title and evidence of title, 1. The obligations of a vendor as to proving his title in the absence of stipulation, 1. Pur- chaser's rights in respect of the vendor's title usually restricted by con- ditions, 2. As to the commencement of the title, 2. Condition precluding purchaser from calling for or investigating earlier title, 2. Such a con- dition cannot be relied on if inserted to conceal a serious defect, 3. Condition to be inserted where vendor has defective title, 3. Condi- tion that purchaser shall accept such title as the vendor has, 4. Old rule as to the production of the lessor's title, 5. New rule as to lessor's title, 5. Renewable leaseholds, 5. An underlease should be sold as such, 6. Purchaser of an underlease has constructive notice of usual covenants in original lease, 7. Property held on lives, 7. Title to tithes, 7. Enfranchised copyholds, 7. Allotments, 7. Exchanges, 8. When property liable to charges which cannot be paid off, 8. Vendor bound to produce deeds for examinations with abstract, 8. Expense of journeys, 9. Obligation of vendor as to deeds on the completion of the purchase, 9. Condition as to expenses of producing deeds, attested copies, &c., 9. Condition as to covenants for production, 9. Custody of deeds, 10. As to identity, 10. Effect of condition for making objections within a given time, 11. When the abstract is perfect, 11. Kecovery of deposit, &c., 12. Conditions enabling the vendor to rescind in ca.se of objections made, 12. II. Conditions relating to the completion of the purchase, 14. Day for completing the purchase, 14. When time is of the essence of the contract, 14. As to interest on purchase-money, 14. Usual condition as to payment of interest, 15. As to title deeds, 16. III. Conditions relating to misdescriptions in the particulars and to com- pensation in respect thereof, 16. What the particulars should state, 16. Bules of law and equity as to misdescription, 16. Effect of usual condition as to misdescription, 17. Division of the subject, 17. 1. What is such a misdescription as mil entitle a pwcchaser at least to compensa- tion, 17. Ordinary condition only applies to errors which would other- wise vitiate the contract, 17. Error as to quantity, 18. If purchaser is not deceived he cannot claim compensation, 18. Effect of expressions "or thereabouts," "more or less," "by estimation," 18. Proper test to apply to qualifying expressions, 20. Vendor bound to disclose latent defects, 21. As to patent defects, 21. Purchaser not entitled to com- pensation where description though correct misleads him, there being no fraud on vendor's part, 21. Indefinite representations as to matters of opinion do not entitle purchaser to compensation, seats — where th Digitized by Microsoft® VIU CONTENTS OF DISSERTATIONS. representation is as to a matter of fact, 21. . Instances of cases in which purchaser has been held entitled to compensation, 22. Purchaser not entitled to compensation if aware of the actual state of the property, 23. 2. Wliat is such a misdescrvption as udll entitle a pwchaser to rescind his contract, 23. Extent to which equity has carried its jurisdiction of obliging a purchaser to take property with compensation, 23. Instances where purchaser was held entitled to rescind, 24. Result of above cases, 26. 3. WTiether in any and what eases a vendor can avail himsdf of a condition giving him compensation for misdescriptions, 26. IV. Con- ditions relating to other matters and conditions generally, 28-. As to retracting a bidding, 28. "When vendor may employ a bidder, 28. 30 & 31 Vict. c. 48, 28. Deposit, 28. Investment of deposit, 29. As to timber, 29. What is timber, 29. As to apportionment of rent on sale in lots, 29. Written or printed conditions cannot be verbally yaried, 29. Where parol evidence will be received, 29. Condition as to forfeit of deposit, 30. Conditions subject to which trustees may sell, 30. Vendor or purchaser can obtain opinion of Judge in Chambers, 31. What conditions necessary where title is registered under Land Transfer Act, 31. 2. — Ageeements, p. 73. By Statute of Frauds, agi'eements as to land to be in writing, signed by the party to be charged or his agent, 73. I. What is an interest in or con- cerning lands within the statute, 73. What property is within the statute, 73. As to growing crops, 73. Grass, timber, fruit, 74. Tenants' fixtures, 74j Agreement for lease, 74. Shares in mining and railway companies, 74. Agreement where part of property is within the statute, 74. II. What is necessary to constitute a binding contract within the statute,-'J4. What constitutes a contract, 74. Signature of agreement, 74. Authority of agent, 75. The whole agreement must be in writing, 75. What is a sufficient signing, 75. Sales by auction within statute, 76. When letters constitute an agreement, 76. 'Offer may be retracted before acceptance, 77. Notice by company to treat with landowner constitutes relation of vendor and purchaser to what extent, 77. III. The effect of part performance to talce a case out of the statute, 78. Part performance takes case out of statute, 78. Deliveiy of abstract, &c., not part-performance, 78. The part-performance must be referred to some agreement, 79. IV. Some of the consequences of a contract for sale, 79. Purchaser becomes owner from date of contract, 79. Loss happening after contract falls on purchaser, 79. At what time a title must be made, 80. Doubtful title not forced on a purchaser, 81. Appli- cation of rule, 81. Taking possession when an acceptance of title, 82. Measure of damages on breach of contract for sale, 82. Effect of bank- ruptcy on unprofitable contracts, 83. Effect of death of either party after contract, 83. Effect of contract on devise, 83. Stamps on agreements, 84. Stamp on purchase of several lots at auction, 84. 3. —Abstracts and their Verification, p. 137. Commencement of title, 137. As to right of purchaser to inspect ancient deeds, 138. Inquiry as to existing leases, 139. What abstract should state, 139. Equitable mortgages, 139. Deeds not affecting right to sell Digitized by Microsoft® CONTENTS OF DISSERTATIONS. IX need not be abstracted, 139. Judgments, &c., 139. What purchaser should do, 139. As to settlements made in pursuance of articles, 140. Births, &c., proved by certificates, 140. On claim by descent, 140. Proof of failure of issue, 140. Proof of wills, 140. Evidence of fine, 140. Keoovery, 141. Execution of deeds, 141. Receipt for consideration, 141. Outstanding interests, 141. As to due execution of powers, 141. En- quiry as to settlements, 142. Proceedings in insolvency and bank- ruptcy, 142. Identity, 142. Proof of enrolled deeds, 142. Land-tax, 142. Proof of intestacy, 142. Evidence when title deeds are destroyed, 143. Execution of deed by attorney, 143. Title to leaseholds, 143. As to renewable leaseholds, 143. Evidence of payment of rent, &c., 143. As to satisfied terms, 144. Copyholds, 144. As to Crown lands and rectories impropriate, 144. As to advowsons, 145. As to life or reversionary interests, 145. Evidence of Act, 145. As to allotment, 145. As to encroachments, 146. As to life policies, 146. Custody of abstract, 146; Succession duty, 146, Penalty for concealing deeds, 146. 4.— Searches foe Incumbrances, p. 147. Provision in certain cases for registration, 147. Middlesex Registry Act, 147. Yorkshire Registry Act, 147. Vendor and Purchaser Act, 1874, 148. What search should be made in the local registry, 148. Effect of non-registration of a will within the six months, 148. To what property Registry Acts do not extend, 149. Appointment must be registered, 149. Assignment of legacy charged on land need not be registered, 149. Equitable mortgage, 149. Purchasers with notice, 149. Registration of deed not notice, 149. Land registered under Act of 1875 exempt, 150. Usual searches, 150. I. Judgments, 150. Statute of Westminster, 150. Statute of Frauds, 150. Statutes of the present reign, 151. 1 & 2 Vict, c. 110, 151. The whole instead of a moiety of lands may be now taken under an elegit, 151. Judgments an equitable charge, 151. Nature of right of judgment creditor, 152. Effect of judgment against tenant in tail and donee of a power, 152. As against claimants under prior volun- tary settlement, 153. Judgment not a charge on ecclesiastical livings, 153. Taking the person in execution, 153. Decrees, &c., to have effect of judgments, 153. Registration of judgments, 153. Provisions for re- registration, 154. Purchasers without notice not affected by Act, 154. Effect of omission to re-register in certain cases, 155. 3 & 4 Vict. c. 82, 155. 18 & 19 Vict. c. 15, 155. Provisions of former Act explained, 156. Judgments against mortgagees, 156. 23 & 24 Vict. c. 38, 156. No judg- ment to affect lands as to purchasers, &c., unless writ of execution is issued and registered, 156. Construction of Act, 157. 27 & 28 Vict, c. 112, 157. No judgment to affect land until it is delivered in execu- tion, 157. Construction of last-mentioned Act, 158. Priority of judgment creditors as between each other, 159. Result of above enactments, 159. 1. Judgment prior to 23rd July, 1860, must be registered and re-registered within five years, 159. 2. Registration of judgment prior to 23rd July, 1860, within five years sufficient without subsequent registration, 160. 3. Purchasers without notice not affected by statutes of Victoria, 160. But such purchaser would not have a marketable title, 160. 4. Judg- ments between 1860 and 1864 must be registered and re-registered within five years, and execution must also be issued and registered, 160. Digitized by Microsoft® S CONTENTS OF DISSERTATIONS. 5. Judgment after 29th July, 1864, will not affect land untQ delivered in execution, 160. 6. Equitable interests not affected by judgments sub- sequent to 29th July, 1864, until execiition is registered, 161. 7. What searches should be made, 161. Judgments where land is in a register county, 162. Proper search when- land is in register county, 162. When land is in register county and judgment is entered up since recent enact- ments, 163. Effect of Judgment Acts as to creditors, 163. Priority of judgment creditors depends on order of registration, 163. Doctrine of notice does not apply as between judgment creditors, 164. When execu- tion need not be sued out to give priority against subsequent creditor, 164. How far registration necessary to preserve priority of judgments in the administration of debtor's estate, 164. 23 & 24 Vict. c. 38, sees. 3 & 4, 164. In administration of assets, 165. Simpson v. Morley, 165. II. Crown debts, 166. Crown debts upon record or by specialty cannot be defeated by execution of power, 166. Accountants, 166. Provisions for registration, 166. Provisions for re-registration of crown debts as to purchasers, mortgagees, and creditors, 167. Effect of notice as to crown debts, 167. Original registration of crown debts not made necessary as to creditors, 167. As to crown debts since 28 & 29 Vict. c. 104, 168. III. Lis pendens, 169. Lis pendens, what it is, 169. Suit must be pend- ing, 169. Purchaser only bound by rights affecting the estate itself, 169. its ^cndejis must be registered, 170. IV. Annuities, 170. Annuities and Trent-charges must be registerisd, 170. What searches should be made, 171. As to searches in a palatine county, 171. Searches in Bankruptcy Court, 171. Solicitor should not omit to search, 171. Inquiry of tenants and search in land registry office, 172. Inquiries as to notice on sale or mort- gage of chose in action, 172. 5. — Purchase Deeds, p. 172, Division of the subject, 172. 1. The mode of assurana of freehold estates, 172. Feoffment ancient mode of conveying freeholds, 173. Lease and release, 173. Statutory release, 173. Grant, 173. II. The mode of assurance of copyhold estates a/nd other matters relating to copyholds, 174. Mode of alienating copyholds, 174. Form of admission, 174. Surrender may be made in court or out of court, 174. Purchase of copyholds by corpora- tion, 174. Owner of legal estate real tenant, 175. Admission of joint tenants, &c., 175. Tenants in common, &c., 175. Admission of repre- sentatives of tenants in common, &c., 175. Admission of tenant for life generally admission of remainderman, 175. Executory devise, 176. Sur- render by remainderman or reversioner, 177. Reversioner's estate, 177. Heir must be admitted or lord may seize, 177. Admission on appoint- ment of new trustees, 177. Release from trustees, 177. Statute of uses 178. Statute de donis, 178. Equitable interests, 178. Leases of copy- holds, 178. Forfeiture by waste, &c., 178. Free bench, 178. No free bench out of a trust, 179. Testamentary directions to sell and scheme for saving double fine, 179. Surrenderee before admittance, 179. Enfran- chisement of copyholds, 179. Enfranchisement of copyholds under Acts 180. Voluntary enfranchisements, 180. Compulsory enfranchisement 180. Expenses of enfranchisement, 181. Customary freeholds, 181. III. The disabilities of certain persons in regard to the sale and purchase Digitized by Microsoft® CONTENTS OP DISSERTATIONS. XI of land, 182. Married women, 182. 3 & 4 Wm. IV. c. 74, 182. Power of disposition over lands, 182. Aet for enabling wives to dispose of reversionary interests in personalty, 183. Acknowledgments how to be made, 183. Title when complete, 184. Orders of Hilary Term, 184. Affidavit verifying certificate, 185. As to copyholds of a married woman, 185. Powers, 186. Chattels real of a married woman, 186. Separate use, 186. Effect of appointment by married woman, 187. Married Women's Property Act, 187. Purchase by a married woman voidable, 188. Infants, 188. Lunatics, 188. Trustees, &c., 189. Solicitors, 189. As to gifts to solicitors, 190. Aliens, 190. Capacity of an alien as to property, 190. National status of married women and infant children, 191. Traitors and felons, 191. Forfeiture, &c., abolished, 192. Con- vict's property to vest in administrator on his appointment, 192. Power of administrator, 193. Property to be preserved for convict and to revert to him or his representatives on completion of sentence, pardon, or death, 193. Corporations, 193. Charities, 193. IV. The form and ordinary parts of a deed of conveyance, the covenants to be entered into therein, and some other matters relating to the conveyance, 194. Ordinary parts of a deed of conveyance, 194. Eecitals, 194. When there are incumbrances to be discharged, 195. Form of covenants for title, 195. Covenants entered into by trustees, 195. Operation of covenants for title, 195. Covenants on sale by trustees, 195, Covenants by tenant for life, 196. Covenants by husband on sale of wife's estate, 196. Covenants for further assurance, 196. Covenants for title, 197. When land is sold subject to restrictions, 197. Restrictive covenants by purchaser, 197. When covenants do and do not run with the land, 198. When pur- chaser must covenant with vendor, 199. When purchaser must covenant for production of deeds, 199. Conveyance to joint tenants, 200. Effect where purchasers advance the purchase money in different proportions, 200. Conveyance for partnership purposes, 200. Purchase by partners, 200. Purchase in the name of a third person, 200. Exception to rule, 201. Purchase in the name of purchaser and a third person, 201. Satis- fied terms, 202. Act for dispensing with their assignment, 202. Pur- chaser should ascertain that term is satisfied, 202. When incumbrances should be kept on foot, 203. Execution of conveyance and receipt for purchase money, 203. V. Tlie arrangements to be made on a purchase in relation to the custody of the title deeds, attested copies, &c., 204. Title deeds relating solely to the property sold to be delivered to the pur- chaser, 204. Rule where deeds relate to other property also, 204. Vendor's obligation as to deeds, &c., when: not deUvered to purchaser, 204. One joint tenant, &c., to produce deeds to others, 205. Where purchaser has notice that he is not to have deeds, 205. Production of deeds by mortgagee, 205. VI. By whom the expenses of and incidental to the conveyances are to he borne, 205. Costs of conveyance, 205. Costs of surrender of and admission to copyholds, 205. Expense of getting in incumbrances, 206. VII. Stamps upon conveyances, 207. Stamps on conveyances, 207. Interpretation of term, 207. How ad valorem duty to be calculated in respect of stock and securities, 207. How considera- tion consisting of periodical payments to be charged, 208. How convey- ance in consideration of a debt or subject to future payment, &c., to be charged, 208. Direction as to duty in certain cases, 208. As to the sale of an annuity or right not before in existence, 209. Where several Digitized by Microsoft® XU CONTENTS OF DISSERTATIONS. instruments, the principal instrument only to be charged with ad, valorem duty, 210. Principal instrument how to be ascertained, 210. Separate deeds of covenant, 210. Duplicates, 211. Unstamped instruments, 211. Production of documents as evidence, 211. Opinion of commissioners as to sufficiency of stamp, 212. What is property within meaning of Stamp Act, 212. CompoiTnd of purchase and mortgage, 214 15 & 16 Vict.c. 55, 214. 6. — Mortgages, p. 459. Division of the subject, 459. I. The usual form of a mortgage of freehold, copyhold and leasehold property respectively, 459. Ancient mode of mort- gaging freeholds, 459. Present form of mortgage, 460. Ordinary parts of a mortgage, 460, Form of mortgage of copyholds, 460. Form of mortgage of leaseholds, 461. Form of proviso for redemption, 461. Effect of reservation of right of redemption to different uses, 461. Reservation of equity of redemption of wife's lands, 462. Mortgages under powers, 462. Covenants to pay principal and interest, 462. Pro- vision for reducing rate of interest on punctual payment,^ 463. Pro- visions for continuing loan for a term certain, 463. Rule that a mort- gagor'must give six months' notice before paying off, or pay six months' interest, 463. Covenants for title are in a mortgage absolute, 464. Whether on principle the covenants should not be qualified, 464. Covenants to insure against fire, 464. Provision enabling mortgagee to apply insurance moneys either in repayment of debt or in reinstating the premises, defended, 465. Power of sale, 465. Mortgages under the Land Transfer Act, 465. II. Equitable mortgage by deposit, 466. Equit- able mortgage by deposit of deeds, 466. Delivery of deeds to prepare a mortgage, 466. Effect of security by deposit of deeds, 466. Not prudent to deposit without memorandum, 467. Eft'ect of deposit of lease, 467. Deposit of land certificate under Land Transfer Act, 467. III. The nature and incidents of the mortgagor's estate, and particularly his right or equity of redemption, 467. Effect of non-payment of mort- gage money at the appointed time, 467. Mortgagee entitled to six months' notice, 467. Tacking as between mortgagor and mortgagee, 468. Tacking one mortgage to another, 468. Tacking other debts, 468. Persons entitled to redeem, 469. Sureties, 469. Tenant for life, 470. Forfeiture of equity of redemption if mortgagor makes second mortgage concealing the first, 470. Power of mortgagor in possession, 470. Mort- gagor with power of leasing, 471. IV. The remedies of the mortgagee to recover his debt, 471. Remedies of mortgagee, 4Vl. Foreclosure 471. Sale through the Court, 472. Power of sale, 472. To whom it should be given, 472. The exercise of power of sale after default, 472. Notice of sale, 473. Contract to sell under power, 473. Proper form of pro- vision as to notice, 473. With proper provision purchaser need make no inquiry, 474. Case of oppressive exercise of power, 474. How power of sale may be exercised, 475. Position of mortgagee on mortgagor's bankruptcy, 475. Action on covenant, 476. Mortgagee may ^jursue all his remedies simultaneously, 476. Opening the foreclosure, 476. V. The powers, duties, and liabilities of a mortgagee in possession, 476. Mortgagee in possession must account to mortgagor, 476. Cannot grant binding , leases, 477. Is bound to deal with property as a prudent owner 477. Digitized by Microsoft® CONTENTS OF DISSERTATIONS. XIU How rents to be applied, 477. Annual rests, 477. When mortgagee in possession sells part, 478. VI. The effect of the statutes of limitation as between mortgagor and mortgagee, 478. When mortgagee's right to the land will be barred, 478. Actions must be brought within twenty years, 479. Joint operation of enactments, 479. Arrears of interest, 479. What arrears may be recovered in action on covenant and in foreclosure suit respectively, 479. Arrears of interest in redemption suit by heir, 480. When mortgagor barred of his equity of redemption, 480. Eight of redemption revived by subsequent acknowledgment, 481. VII. Tlie order of liability of the mortgaged property and the general estate of the mortgagor or other person liable to the debt, 481. Until recent Act the personalty was the primary security as a general rule, 481. Ex- ceptions to rule, 481. 17 & 18 Vict. c. 113,482. Construction of the above Act, 483. Applies to equitable mortgages, 484. 30 & 31 Vict. 0. 69, 484. Primary liability of husband on mortgage of wife's land, 485. VIII. Mortgages under powers including mortgages by executors, 485. Pre- paration of mortgages under powers, 485. Executor may sell or mortgage personalty, 486. Executor may give power of sale to mortgagee, 486. IX. The rights and priorities of several mortgagees and incumbrances amongst themselves, tlie protection' afforded to purchasers and mortgagees against concealed trusts and incumbrances by the possession of the legal estate, the doctrioie of tacking, notice actual and constructive, and the con- sequence of laches on the part of a mortgagee, particularly in reference to the title deeds, 486. Cases in which questions of priority arise, 486. Kules applicable to such questions, 487. Purchaser without notice may protect himself against trusts, &c., by legal estate, 487. Even in case of fraud, 487. Doctrine stated by Gilbert, 487. Some cases to which rule applies, 488. Tacking, 488. Purchaser taking legal estate from express trustee with notice not protected, 489. Third mortgagee taking a conveyance from first mortgagee, who has been previously paid off, not protected, 489. Conveyance being a breach of trust no protection, even though grantee has no notice of the trust, serrible, 489. How far protection of legal estate applies to transferee of a mortgage, 490. Transferee of a mortgage can be in no better position than transferor, 490. Burt v. Trueman, 490. Distinction where mortgagor joins in transfer, or mortgagee sells vmder power of sale, 491. Where neither party has legal estate priorities of incumbrances are according to their dates, 491. But if one party has by negligence conduced to a fraud he wUl be postponed, 492. First mort- gagee may not tack for further advances after notice of second mortgage, 493. Notice actual and constructive, 493. Notice to solicitor notice to client, 494. Priority may be lost by mortgagee's laches, 494. Conse- quence to mortgagee of not inquiring for title deeds, 494. Hewitt v. Loosemore, 495. What constitutes negligence as to deeds, 495. Colyer v. Finch, 496. Indorsement of receipt before payment, 497. Consequence of not giving notice on assignments of choses in action, &c., 497. Legal choses in action may now be assigned at law, 497. X. Some precautions to be observed by a person advancing money on mortgage, 498. Investiga- tion of title and searches for incumbrances, 498. Value of security, 498. Risk attending a second mortgage, 498. Precautions to be taken by a person lending money on a second mortgage, 499. On mortgages of personalty notice should be given to trustees, 499. Notice necessary to Digitized by Microsoft® XfV CONTENTS OF DISSERTATIONS, prevent debtor from paying original creditor, 499. Notice should be a formal one, — trustee not bound by information casually obtained, 500. Notice by trustee in bankruptcy, whether necessary, 500. Intended mortgagee should inquire of trustee as to prior incumbrances, 500. Notice of assignment before bankruptcy, 501. Notice to one of several trustees sufficient, 502. Effect of notice to assignor, |being himself a trustee, 502. Notice should be given to all the existing trustees, 502. When reversionary fund is subject to settlement, 502. Notice on sub- mortgage of policy, 503. 30 & 31 Vict, c, 144, 503. Effect of notice before fund has come into existence, 503. New trustees not bound to inquire of old trustees whether they have received notice of incum- brances, 503. XI. The provisions of the 23 . Jones 151 Everingham v. Ivatt . . 176 Donne v. Hart . 186 Eyston v. Simonds . 80 Dormer v. Pitcher . 201 Dowle V. Saunders 496 bownshire (Marquis of) v Lady Sandys . 309 ,Fain v. Eyres . 204 Drew V. Hanson 23 Fairbrother v. Wodehouse . 470 — V. Martin 201 Fairley v. Tuck . 219 Drummond v. Tracy . 139 Falkner v. Eq. Rev. ] [nt. Dryden v. Hope . 742 Society . 31 Drysdale v. Mace 3 Fane v. Spencer . 5 Duberley v. Day . 186 Farebrother v. Gibson . 23 Duddell V. Simpson . 13 Farley v. Bonham . . 224 Duke V. Barnett , 4 Farrar v. Earl Winterton . 84 Duncan v. Louch 406 Fearon v. Webb . . 423 Duncuft V. Albrecht 74 Ferrers v. Cherry . . 487 Dunnay v, Borrodaile 672 Fidgeon v. Sharp . 763 Dunne v. Ferguson 73 Finch V. Finch . 201 Durham, D. and C, Ex parti '. 15 Fisher v. Dixon . . 729 Du Vigier v. Lee . 479 — Ex parte . . 752 Dyer v. Dyer 201 Flack V. Master . . 231 — V. Hargrave 22 Fleetwood v. Green . 82 Dykes v. Blake 25 Flight V. Barton 7 Dyson v. Hornby 15 — V. BoUand . . 188 — V. Booth . 24, 25 Flower v. Hartropp . 10 Flureau v. Thornhill . 82 TilaRtwood V. Lever 198 Foley V. Addenbroke . 729 Eaton V. Sanxter 151 Forbes v. Peacock . 323 Ebrand v. Dancer . 201 Foster v. Cockerell . . 499 Edge V. Worthington . 466 — V. Hoggart . . 473 Edmunds v. Povey 489 Fo-wkes V. Pascoe . 201 Edwards v. English' . 741 Fowle, Ex parte . . 754 —^ V. Glyn . 766 Fowle V. Freeman 77 — *. Harben . 730 Fox V. Bishop of Cheste r . 422 — V. 'Martin 600 Foxley, Ex parte . . . 749 Digitized by Microsoft® TABLE OF CASES. XXX Vll PAGE Frayne v. Taylor . 83 Freeman v. Edwards . 559 Freme v. Wright 4 Frend v. Buckley . . 143 Freshney v. Kerriok . 731, 742 Fry V. Noble . 224 Gabriel ti. Smith . 10 Gardner v. Charing Cr 3SS Eailway Co. . . 77 Garland v, Alston . 177 Gamett v. Acton . 80, 83 Gibbins v. Eyden . 484 Gibbs V. Daniel . . 189 Gibson v. Jeyea . 189 Gilliatt V. Gilliatt . . 28 Glaister v. Hewer . 201 Glass V. Eichardson . 179 Goodchild v. Dougal . . 257 Goodricke v. Taylor . . . 751 Gore V. Lloyd . . 754 Gosbell V. Archer . . 76 Gough V. Everard . 738 Graham v. Furber . . 748 — V. Sime . . 206 Grant w. Munt . . 22 — V. Shaw . 743 Greated v. Created . . 484 Greaves v. Wilson . 13 Green v. Winn , . 575 Greenwood, Ux parte Thi ck- broom . . 745 — V. Bishop 3f London . 422 Gresley v. Mousley . 189 Grey ». Hesketh . 422 Griffiths V. Hatchard , . 10 Grymes v. Boweren . . 729 Guest V. Cowbridge Ks lil- way Co. . 159 — V. Poole and Bouri le- mouth Eailway Co. . 77 Gunnis v. Erhart . 29 Haigh, JSa; parte , . 466 Hale V. Allnutt 751, 754 Hall V. Smith . . . 493 Hallen v. Eunder . . 74 Hallett V. Middleton . . 196 PAGE Halsey v. Grant . 23, 24 Hamer v. Sharp , . . 75 Hamilton v. Denny . . 200 — (Duke of), V. Gra- ham. . . .371 Hanson v. Keating . . 186 Harding v. Harding . 83, 485 — V. Metropolitan Eailway Co. . . 78 Hardy v. Felton . . . 518 Harford v. Furrier . . 80 Harmer v. Priestley . . 468 Harnett v. Baker . . 3 Harris v, Booker . . . 151 — Ex parte . . 747 — V. Eickett . . 749, 750 — V. Eyding . . 372 Harrison v. Guest . . 189 Haselinton v. Gill . . 746 Hastings (Lord) v. Astley . 462 Hatch V. Hatch . .190 Hatton V. English . . 744 — V. Hey wood . . 159 Ha ward v. Eaw . . . 174 Hawkins v. Gathercole . 153 — V. Holmes . . 75 Hawtry v. Butlin . .735 Hayford v. Criddle . . 7 Haynes v. Haynes . . 77 Heale v. Greenbank . . 423 Heather v. O'Neil . . 462 Hepworth v. Hill . . 484 Hewer v. Cox . . . 743 Hewitt V. Loosemore . 494, 495 Hext V. Gill . . .372 Hiern v. Mill . . . 494 Higginbotham t'. Hawkins 311 Higginson v. Clowes . . 29 m\\,Inre . . . . 746 — V, Buckley . 18, 36 — V. Pritchard . . . 308 Hind V. Poole . . .472 Hindon v. Weatherhill . 190 Hiorn v. Mills . . . 466 Hobson V. Bell . II, 30, 472 Hockby v. Ban took . .466 Hodgkinson v. Cooper . . 143 — V. Crowe . 121 Hodgson V. Dean . .149 Hoggart V. Scott . . . 80 Holderness v. Eankin . 745 Holdsworth v. Goose . . 293 Holland v. Eyre . 77 Digitized by Microsoft® xxxvm TABLE OF CASES. PAGB PAGE Holland v. Hodgson . . 730 James v. Shore . . 84 Holman v. Loynes . 189 Jarmain v. Eglestone . 12 Holroyd v. Marshall , , 768 Jay V. Richardson . 198 Homan, Sx parte, 737, 738 , 765 Jenkins v. Getting . 729 Honeycomb v. Waldron , 149 — V. Jones . 474 Honeyman v. Marriott , 77 Jennings v. Eigby . 165 Honey wood v. Honey wood Jesus College v. Bloome . 311 310 ,311 Johnson v. Fesemeyer 751, 754 Hood V. Easton 477 — V. Helleby . . 92 — V. Hood . 484 — V. Holdsworth . 162 Hooman, Ex parte . '738 ,743 — V. Smiley . 5 Hooper and others, Ex parte, 469 Johnstone v. Baker . 423 Hopkins v. Amery . 496 Jones V. Clifibrd . 3 — V. Grazebrook , 83 — V. Edney . '25 Horn V. Baker . . 746 — V. Flint . 73 Hornsby v. Miller . 742 — V. Harber . 755 Horsfall v. Key 728 729 — V. Powles . 487 Houlditch V. Collins , 153 — V. Smith . . 493, 495 Howard v. Bank of England 188 — V. Thomas . 189 Howell V, Price ' , 481 Hoy V. Smythies . 13,22 Hubert v. Treherne . , 76 Hudson V. Carmichael 485 Keates v Lyon . 198 — V. Cook , 83 Keatinge v. Keatinge . 376 — V. Temple , 14 Kemp V. Bird . 198 Hughes V. Lumley 162 164 Kennard v. Futvoye 470 — V. Williams , , -477 Kennedy v. Green 494 — V. Wynne , 9 — V. Lee . 76, 77 Hughes' Trust, He . .499,501 Kenney v. Wexham . 79 Hulme V. Coles . , 575 Kensington, Ex parte 467 Hume V. Bentley . , 5 Ken worthy v. Schofield 76 — V. Pocock . 4 Keppell V. Bailey 197 Humphries v. Brogden , 372 Kerr v. Pawson . 7 Hunt V. Elmes , 496 Kershaw v. Kalow . 473 Hunter v. Nookolds . , 480 — V. Kershaw . . 15 — V. Rawlins 495 Keys V. Williams 466 — V. Walters 492 Keyse v. Hayden . 3 Hurst V. Hurst 472 Kidd V. Rawlinson 744 Hutton V. Criitwell . , 749 Kilpin V. Kilpin . 201 Hyde v. Wrench *. 77 King, In re — V. Lord of the Manor of Hendon — w. Inhabitants of Fer- 188 178 Innes v. Jackson . 461 rybridge . . 29 Irons V. Smallpiece 727 — V. Savery — V. Smith . . . — V. Wilson Kinnoul (Earl of) v. Money 189 471 18 485 Jackson, ^x parte 739 Kinsman v. Kinsman . 169 — V. Innes . 462 Kirkwood v. Thompson 475 — V. Lever 80 Knight V. Majoribanks . 189 James v. James 471 KnoUys v. Shepherd . 84 — V. Litchfield 493 Knott, Ex parte . 489 Digitized by Microsoft® TABLE OP CASES. XXXIX PAGE Lacey, Ev parte . . . 189 Lacon v. Allen . . 466 Laird v. Birkenhead Rail- way Co. . . . 78 Lake v. Craddock . . . 200 — V. Gibson . . 200 Lambert v. Rogers . . 205 Lane v. Jackson . .154 Langdale (Lady) v. Briggs 482 Langstaffw. Nicholson , 75 Lansdowne (Marquis of) v. Marchioness Dowager of ditto . . . Larchin v. N. W. Deposit Bank . . . Lavies, litre . Lawton v. Lawton . . Layard v. Maud Laythoarp v. Bryant . . Lee V. Angus . — V. Gaskell . . . — V. Howlett . Le Neve v. Le Neve . 149, Leslie v. Tomson . .17 Letts V. Hutchins Lewes' Trusts, Re Lewin v. Guest Lewis V. Duncombe — V. Henderson . — V. Lewis Leyland v. Illingworth Limmer Asphalte Paving Co. V. Commissioners of Inland Revenue Lindon v. Sharpe Liugard v. Mesaiter . . Lingham v. Biggs Litchfield v. Brown . . Livesey v. Harding . Lloyd V. Attwood . . — V. Banks . Llynvi Coal and Iron Co., Ex parte Load V. Green . Lockhart v. Hardy . . Lomax v. Buxton London Bridge Approaches Act, Re . . 84, Longbottom v. Berry . Longstaffi". Meagoe . Loveridge v. Cooper Levering, Ex parte . Low V. Carter 310 743 315 729 495 75 492 74 499 162 27 463 140 11 480 738 482 22 208 749 746 746 15 205 496 500 315 747 476 752 196 729 728 499 746 201 Lowndes v. Norton . Lowry's Will, Re . Lowther v. Carlton . Lucas V. Comerford — V. James Luker v. Dennis . Lushington v. Boldero Lyddall v. Weston PAGE 310 84 494 467 21 197 309 23 Macdona v. Swiney . . 730 Mackay, Ex parte . 560, 737 Macqueen v. Farquhar . . 487 M'Creight v. Foster . . 441 Madeley v. Booth . . . 6 Mahon (Lord) v. Lord Stan- hope . . . . 309 Mainpiece v. Reason . .192 Major V. Ward . . . 473 Malcolm v. Charlesworth . 149 Mann v. Stephens . . 197 Manners (Lord) v. Johnson 198 Manser v. Back . . . 29 March v. Lee . . . 489 Marlborough (Duke of) v. St. John . . .311 Marples v. Hartley . . 739 Marshall v. Green . . 74 Martin v. Cotter . . 21, 23 — V. Mitchell . .462 — V. Roe . . . 729 Martindale v. Booth . . 730 Martinez v. Cooper . . 495 Mason v. Broadbent . . 480 — V. The Stokes Bay Pier and Railway Co. 78 Massey v. Nanney . .212 — V. Sladen . . . 767 Master v. Hansard . .198 Mather v. Fraser 729, 731, 735, 751 Matthews, In re . .746 Maundrell v. Maundrell, 223, 489 Mawson V. Fletcher . . 14 May V. Great Western Rail- way Co. ... 344 Mayfield v. Burton . . 490 — V. Wadsley . . 73 Meadows v. Tanner . . 28 Meek v. Bayliss . . . 513 Mellish V. Motteux . . 21 — «. Vallens. . . 483 Mercer v. Peterson . .750 Digitized by Microsoft® xl TABLE OF CASES. PAGE PAGE Mertins v. JoUiffe 487 Nicholson v. Cooper . 741 Metropolitan Eailway Co. — V. Reyill 575 V. Woodhouse . . 78 North British Company v Meux V. Bell . 502 Hallett . 500 — V. Jacobs 728, 735 741 Nott V. Rioard 14 — V. Maltby 493 Mioklethwaite v. Mickle- thwaite . . . 308 O'Connor, Arthur, Re . 743 Millett V. Davey 477 Ogilvie V. Foljambe . 29 Milnes v. Branch . . . 199 — V. JeafiFreson 492 Mirehoiise v. Eennell 422 Oldfield V. Round . 21 Mogg V. Baker . 755 Olding V. Smith . 75 Molton V. Camroux . . 189 Oriental Banking Co. v Moody V. Corbett 344 Coleman . 751 — V. King . . . 223 Oriental Financial Corpora- •^ Moore v. Culverhouse 149 tion V. Overend & Co 575 — V. Gregg 467 Osborne v. Harvey . 3,4 — V. Moore . . . 484 Otter V. Lord Vaux 475 Moores v. Choat 467 Overton v. Banister . 188 Morewood v. South York- shire Railway Co. 743 Morgan v. Minett . . . 190 Pain V. Coombs 78 Morris v. Barrett 200 Paine v. Meller . 79 — V. Morris . . . 308 Paine's Case 223 — V. Wilson 75 Painter v. Newby . 22 Mortimer v. Bell . . . 28 Palmer v. Hendrie . 476 — V. Capper . 80 Palmerston (Lord) zj.Turner 15 Mortlock V. Buller . . 80 Paramore v. Greenslade 206 Moule V. Garrett 236 Parker v. Clarke 490 Moulton V. Edmonds .139 ,143 — V. Staniland 73 Mountford, Ex parte . 466 Parkes v. White 189 Moxhay v. Inderwick . . 199 Parkin v. Thorold 14 MuUett V. Green 746 Parkinson v. Hanbury 475 Mullings V. Trinder . . 81 Parr v. Lovegrove 204 Mumford v. Stohwasser 489 ,490 Parry v. Wright , 203 Mumma v. Mumma . 201 Partridge v. Foster 152 Mundy v. Jolliffe . . . 78 — lie Mary 184 Murray v. Mackenzie 743 Patch V. Wild 478 Paton V. Brebner 8 Pattison v. Long . 6 Napper v. Lord AUington . 196 Paynter v. Carew 476 Nelson v. Booth 478 — V. Newby 13 — V. Page . . . 483 Peacock v. Burt 489 ■ — V. Stocker 188 Pearl v. Deacon . 470 Nelthorpe v. Holgate . . 13 Pears v. Wrightman . 482 Neve V. Flood . 164 Pearse, Re, Ex parte Little — V. Pennell . . . 149 dale . 501 Neville v. Rivers 223 Pearson v. Benson . 189 Newton v. Chandler . . 755 Pembroke v. Friend . 484 — V. Chorlton . 470 675 Pendleton v. Booth . . 481 — V. Newton . 487 ,497 Penhall v. Elwin . 744 — , V. Ricketts . 142 Pennell v. Reynolds . 751 Nioholls V. Maynard . . 463 Penton v. Robart . 730 Digitized by Microsoft® TABLE OF OASES. xli Perkins v. Bradley . Perry Herrick v. Attwood Phene's Trusts, He . Phillips V. Caldcleugh . — V. Commissioners of Inland Revenue — V. Miller — V. Phillips — V. Smith Phipps V. Lovegrove Pickard v. Bretts Pidgley v. Bawling Pigott V. Bullock — V. Pigott Piloher v. Rawlins Pinhorn v. Sonster Pocock V. Lee . Poole's Case . Poole V. Shergold Portman v. Mill . Potter V, Commissioners of Inland Revenue . — V. Duffield . — V. Sanders Pounsett V. Fuller . . Powdrell v. Jones — Use parte . Powell V. Dillon — V. Double . — V. Edmunds . — V. Jessop . — V. Lovegrove . — V. Smithson Powlett (Earl of) v. Hood Powys V. Blagrave * . Pratt V. Bull Presoott V. Prescott . Price V. Barker — Ux parte Proctor V. Cooper Prosser v. Watts Pryce, In re Purser v. Darby Pyrke v. Waddingham . PAGE 192 496 140 26 ai3 493 223 310 603 744 311 310, 311 462 487 559 485 729 79 19 213 37 76 12, 83 224 746 75 25 29 74 78 23 196 310 153 310 575 728 160 139 502 206 81 Queen v. The Lady of the Manor of Dullingham . 177 — V. Lee . ■ • 729 Ramsay v. Blair . Ramsden v. Lupton . Randall v. Rigby . Randfield v. Randfield Ratcliffe v. Burnard Ravald v. Russell Ray V. Pung Rayne v. Baker Reeve v. Hiclis — V. Whitmore . Reeves v. Gill Reg. V. Ellis — V. Wilson E. ». Otley . Raffety v. King 730 470 PAGE 371 739 199 176 497 470 223 496 462 759 206 166 179 Regent's Canal Co. v. Ware, 15, 78 Rice V. Rice . . 487, 497 Richards v. James . . 741 Richardson v. Kensit . 176 Rider v. Kidder . . . 201 Ridgway v. Wharton . . 75 Riley v. Croydon . . . 470 Rittson V. Sturdy . .190 Roach V. Wadbam . . 199 Roberts v. Ball . . .163 — V. Berry . . . 14 — V. Croft . 466, 496 — V. Haines . . 372 — V. Wyatt . .146 Robinson v. Briggs . . 739 — V. Collingwood . 740 — V. Harman . . 83 — V. Skelton . . 15 Rodwell V. Phillips . . 74 Rogers, Ux parte . . . 601 — V. Waterhouse . 81 Rolfe V. Chester . . . 469 Rolt V. Hopkinson . 493, 499 — V. Lord Somerville . 308 — V. White . . .490 Round V. Bell . . . 480 Rossiter v. Miller . 37, 77 Rowbotham v. Wilson . . 372 Rowe V. Wood . . .477 Rowland v. Cuthbertson . 224 Rowley v. Adams . . 15 Rowson V. Harrison . . 484 Rufford V. Bishop . . 746 Russell V. Plaice . . . 486 — V. Russell . . 466 Ryall V. Rowles . . 501, 727 Saokville v. Smith . 484 Digitized by Microsoft® xlii TABLE OF CASES. PAGE PAGE Saiut Paul v. Birming [lam Smith V. Surman . . 74 &c. Railway Co. . 29 • — V. Timms . 751 Salisbury v. Hatcher . 81 — V. Topping . . 747 Sal way v. Sawbridge . 472 — V. Wall . . 738 Samuell v. Howartb . 575 — V. Watts . . 3,7 Saunders v. Dehew . . 489 — V. Webster . 73 — Estate, Ee . 192 Smithson v. Thompson . 469 Saunderson v. Jackson . 75 Solomon v. Solomon . 484 Saveiy v. King . 189 Somerset v. Cox . 503 — V. Underwood . 12 South, He 159 Sayer o. Hughes . . 201 Southby V. Hutt . 4 Seawin v. Seawin 201 Southcomb v. Bishop Scholefield v. Lockwooc . 485 Exeter 14 — He . . 185 Sowerby v. Fryer . 311 Scorell V. Boxall . 74 Spaokman v. Miller . 73 1,742 Scott V. Beecher 482 Sparke v. Montriou 205 — V. Hanson . 22 Spencer v. Pearson . 489 — V. Jackman 10 Spratt V. JefFery . 4 — V. Scott 206 Stanhope v. Earl Verney 488 Scrafton f. Quincey . 149 Stanger v. Wilkins . . 754 Seagram v. Knight. 31 0,311 Stansfield v. Cubitt . 742 Seaman v. Vawdrey . 23 — ii. Hallam 462 — V. Woods . 176 Stanton 11. Tattersall . 25 Selby V. Cooling 486 Stead V. Liddard . . . 85 — V. Pomfret . 468 Stocks V. Dobson 500 Selliok V. Trevor 3 Storry v. Walsh . . . 15 Shackleton v. Sutcliflfe 26 Stoveld V. Hughes 727 Shanks v. St. John . 5 Strachan v. Barton . . 754 Shaw V. Bunney . 475 Sutherland v. Briggs . . 78 — V. Johnson "20 2,480 Swainston v. Clay 745 — V. Neale . 493 Sweet t). Meredith . . 103 Shears v. Jacob . -743 — V. Southcote 487 Sheen, & parte 762 Sykes v. Giles . . . 203 Shepherd v. Doolun 82 Sheppard v. Keatley . 3,5 Sherwin v. Shakespeare 15 Shields v. Eice . 141 Tanner v. Smith 13 Shower v. Pilch . 727 Tate V. Austen . . . 485 Sidebotham v. Barrington . 11 Taylor, Hx parte 188 Siebert v. Spooner 749 — V. Eckersley . 73 7,747 Sikes V. Weld . 12,83 — V. Haygarth . . 192 Simmons v. Edwards 746 — V. Manners . 575 Simpson v. Morley . 165 — V. Meads . . . 187 — V. Sadd . 82 Tempest, £sc parte . 753 Smale v. Burr . 739 Tenison v. Eamsbottom 502 Smart v. Morton . 372 Terry, In re . 746 Smith V. Adams 17 9, 224 Tewart v. Tewart . . . 15 — V. Canuan . 74 9,751 Thomas v. Blackman 76 — V. Cheese 743 — V. Brown 37 — V. Clarke . 28 — V. Bering . . 77 — V. Glascock , 176 — V, Thomas , 469 — V. Green 46 8,469 Thompson v. Cohen . . 768 — V. Smith 48 4,502 — V, Freeman 75 3,755 Digitized by Microsoft® TABLE OF CASES. xliii PAGE PAGE Thompson v. Hudson 478 Walker v. Moore . 83 — ■;;, Pettit . 729 — V. Smith . . 190 — V. Tomkins . 503 Wallis V. Morris . 157 Thomson v. Judge . 190 — V. Sarrel 15 Thornett v. Haines . 28 Walmisley v. Butterworth . 307 Thorneycroft v. Crockett . 477 — V. Milne . 75 9,731 Thornton v. Finch 159 Walsh V. Bishop of Lincoli 1 422 Thorpe v. Brumfitt . 405 Walter v. Maunde 5 Thresher v. East Londor Walters v. Webb . 177 Waterworks Co. 729 Wansbrough v. Maton . . 730 Thurlow V. Maokeson 475 Want V. Stallibrass . . 11 Tilley v. Thomas . . 14 Warburton v. Farn . 307 Toms V. Wilson 757 Warde v. Dickson . 11 Tooker v. Annesley 310 Wardell v. Usher . 312 Torrance v. Bolton . 30 Warner v. Willington 75 Townsend v. Champernowr I 11 Warren v. Howe . . 213 Tracy v. Lawrence 473 Warwick v. Bruce . 73 Traherne v. Gardener . 175 Wason V. Wareing 493 Trotman v. Flesher 78 Waterfall v, Penistone 735 Tucker v. Barrow 201 Watkins, Has parte 746 Tuer V. Turner 183 Watluig V. Horwood . 84 Tulk V. Moxhay 197 Watson V. Spratley 74 Tunstall v. Trappes 162 Watts V. Symes 468 Turner, Be 165 — V. Watts . 78 — V. Wright . 310 Weaver v. Joule 730 Turpin v. Chambers . 13 Webb V. Hewitt . 575 Tuton V. Sanoner . . . 742 — V. Hughes 14 Twining v. Morrioe . 28 — V. Kirby 3 Twyne's Case . . . 742 Weddall »., Nixon 15 Tyler v. Thomas 170 Wellesley v. Wellesley . 308 • — V. Yates . . . 331 — V. Withers 175 Wells V. Kilpin 159 — V. Maxwell 14 Underwood, In re . . 518 Wensley, Bic parte . 75 1,755 Union Bank of Manchester, West V. Fritch 559 Hx parte . 501 Westbrooke v. Blythe 162 Ungley v. Ungley . . . 79 Western v. Macdermott 19^ Upperton v. Nicholson 11 Westminster Loan and Dis- count Co. V. Chaoe 743 Whatman v. Gibson . . 198 Vance v. Vance . i . 201 Whitbread, Hx parte . 466 Van Casteel v. Booker 754 — V. Jenning . . 176 Vane v. Lord Barnard . . 308 — V. Smith . 462 — (Earl) V. Rigden 486 White V. Bradshaw . . 21 Vickers v. Hand , . . 15 — V. Cuddon 36 Viney v. Chaplin 203 — V. Proctor . . . 76 Vint V. Padgett . . . 468 Whitehead v. Bennett 729 Vorley v. Cooke 492 Whitfield v. Brand . . 745 J Whitmore v. Claridge 749 — V. Empson . 73 1, 735 Waldo V. Waldo . . . 309 Whittemore v. Whittemore 20,35 Waldron v. Sloper 495 Whitworth v. Gaugain 152 Walker v. Jefferies . . 14 Wicks V. Scrivens . . 470 Digitized by Microsoft® xliv TABLE OF CASES. Wilcoxen v. Searby . Wilkias v. Fry Wilkinson v. Hartley Willes V. Greenhill Williams v. Bosanquet — V. Cooke — Ex parte — Estate, Be — V. Glenton . — V. Jordan — V. Owen — V. Thorp — V. Williams . Willoughby v. Willoughby PAGE! . 744 . 320 . 31 . 503 . 467 . 183 . 737 165, 376 . 15 37 469 501 310 488, 489 4 . 197 181, 315 . 729 Wilmot V. Wilkinson Wilson V. Hunt . — In re Wiltshear v. Cotterill Winch V. Winchester . 1 9 "Winchester (Bishop of) v. Knight. . . . 311 — V. Payne 169 Winder, Hx parte . .752 Winn V. Bull . . . 77 Winstanley, In re . . 752 Wood V. Dixie . . . 711 PAGE Wood V. Gaynon . .310 — V. Hewitt . . . 730 — V. Midgley . . 77 — Inre . . . 749 — V. Wood . . .462 Wooderman v. Baldock . 730 Woodhouse v, Murray . . 750 Woods V. Huntingford . 482 Woodward v. Miller . . 28 Woolstenoroft v. Woolsten- croft . . .483 Worsley v. Earl of Soar- borough . . 169, 494 Wright, In re — V. Bose — V. Snowe — V. Wakeford Wright's Mortgage Trust Wynne v. Morgan Wythes v. Lee . 748 518 188 142 149 80 12 Yates V. Plumb . . . 205 Yescombe v. Landor . . 152 Young V. Young . . . 487 — V. Waud . . 750 Digitized by Microsoft® APPENDIX. Obsbhvations on the Land Transfer Act, 1875. Introduction, 783. Preamble of Acts, 783. Persons who may register, 783. Effect of first registration, 783. Registration with a qualified title, 784. Leasehold land, 784. What are not incumbrances under the Act, 784. Registered charges, transfers, &c., 784. Transmission of registered title, 784. Lessee may have notice of lease entered on register, 784. Unregistered estates may be created by registered owners, 784. Question to be considered whether it is to the interest of landowners to register, 784. Proceedings necessary in order to ob- tain registration with an absolute title, 784. Items of expense to be incurred in order to obtain registration, 785. Effect of registration as regards the first proprietor himself, 785. The expense saved by regis- tration in case of a sale will probably be less than that incurred in obtaining registration, 785. Whether the diminution of the purchaser's expense by registration will increase purchase-money, 786. In large transactions, 786. In small transactions, 786. Expense of completion is increased by registration, 786. As to saving of expense on mortgages by registration, 786. Expense of obtaining registration with possessory title comparatively small, 787. Such registration useless in case of an immediate sale or mortgage, and of doubtful advantage in case of a sale or mortgage at a more remote period, 787. Other incidents of a registered estate, 787. Power of disposition restricted by registration, 787. Limitation of power of disposition inconvenient where a strict settlement is desired, 788. Argument that it is desirable to restrict powers of disposition inapplicable to a voluntary system of registration, 788. Transmissions and devolutions of registered land will involve trouble and expense, 788. Fraud and forgery how far registered owner is protected against, 788. Position of registered proprietor not so secure against forgery as that of an unregistered owner, 789. Whether the pro- tection against fraud provided by the Act is suificient, 789. Conclusions drawn from above observations, 790. Registration not likely to be re- sorted to, 790. Land cannot be withdrawn from register, 790. Possibility of proposal to make registration compulsory, 790. Compulsory provision originally in Lord Cairns' Bill was withdrawn because of the additional expense that it would cause in small transactions, 790. Whether any- VOL. I. d Digitized by Microsoft® xlvi APPENDIX. thing can be done to lessen tlie expense attending the transfer of land, 791. Suggestions as to reforms in the law and practice which might be introduced, 791. Extension of Lord Cranworth's Act, 791. Limitation of the doctrine of constructive notice, 791. Registration of assurances, 791. Abstract of title, 791. B. An Act to amend the law of vendor and purchaser, and further to simplify title to land, 792 Digitized by Microsoft® CONDITIONS OF SALE. Upon a sale by auction, the property which is the particulars subject of the_ sale is usually described in printed par- dmouT" ticulars, to which are annexed conditions specifying the terms and stipulations subject to which the sale is to be made. Conditions of sale may be conveniently considered Division or under the following heads :— I. Conditions relating to Soon-"-""" title and evidence of title. II. Conditions relating to*^""""" the completion of the purchase. III. Conditions re- lating to misdescriptions in the particulars, and com- pensation in respect thereof IV. Conditions relating to other matters, and Conditions generally. I. Conditions relating to title a7id evidence of title. "When a person offers an estate for sale without The obuga- qualification, he impliedly asserts that it is his to sell, vencS iS to and IJiat he has a good title. He is therefore bound, mlTnu'e in the absence of stipulation, to deduce and verify his stipXtion. title for a period of at least forty years preceding the day of sale (a). This obligation involves the delivery to the purchaser of an abstract of title extending over the above period ; the production at his own expense of all deeds and documents stated in the abstract, (a) By the statute 37 & 38 Vict. c. in fee simple might not, in fact, be 78, sect. 1, forty years is substituted held for a life or lives still existing. for sixty years, which was the old See Else v. Else, L. R. 13 Eq. 196, rule, and which was calculated with where the production of a will, reference to the probable duration dated nearly fifty years prior to the of human life, it being considered day of sale, revealed the fact that that sixty years was the shortest the vendor's estate was determin- period at the end of which it could able on the death, without issue, of be fairly presumed that property a person still living and childless. represented or supposed to be held VOL. I. B Digitized by Microsoft® ■^ CONDITIONS or SALE. whether in his possession or not ; the identification of the property as described in the Particulars with the property described in the several documents of title, and the strict proof by certificates, declarations, or otherwise, of all births, marriages, deaths, heirships, and other matters and facts forming a link in the chain of title, unless such facts are stated in documents twenty years old, in which case the recital, or statement is under the new rules enacted by the " Vendor and Purchaser Act, 1874" (&), made sufficient evidence. Purchaser's It is scldom that the state of a vendor's title makes rights m , respect of it ^afc for him to proceed to a sale under the full obli- tne vendors , ^ -^ , , . . ^ rertrTotedb g^^ion above mentioned, and it is therefore usual to conditions, insert conditions restricting the legal rights of the pur- chaser. The extent to which this ought to be done depends on the particular circumstances of each title, and in preparing conditions, the vendor's solicitor should bear in mind — ^first, that it is his duty to protect his client from being put to any expense which may be guarded against by reasonable conditions; and, secondly, that to insert very stringent conditions may have the effect of damping a sale and deterring pur- chasers; and it is therefore sometimes desirable to incur a small expense on the vendor's part, when by so doing the necessity of imposing a very stringent condition is avoided. 4l™mce- When the vendor has in his possession or power a deed of about forty years old, which wiU form a good root of title, and the title is by the subsequent deeds duly and regularly deduced therefrom, and there are no special circumstances making it desirable to com- mence at a more recent date, the abstract should be made to commence with such de'ed. But where this cannot conveniently be done, a condition must be inserted making the abstract to commence with a deed of more recent date. In the case of small properties, the production of a thirty or twenty years, or even a shorter title, will often be deemed sufficient, and a con- dition to that effect will not deter a purchaser. ^ „ Having determined on the document with which the lorn'oSg ■title is to commence, there should be a condition that the (6) Sec. 2, rule 2. Digitized by Microsoft® ment of the title, Condition preclnding CONDITIONS OF SALE. 3 abstract shall begin with such document, and it is usual '"estfgaMng to provide that the purchaser shall not inquire into, or '='""''°''*'"'- make any objection in respect of the earlier title, whether referred to in any abstracted document or not. A condition merely providing that no title shall be called for antprior to a certain date, does not preclude the purchaser from objecting that the title is defective on the face of it, or from proving aliunde that it is so (c). And even a condition expressly precludiner the suciiacon- purcJaaser trom objectmg to the earher title cannot be S°*i^f''i;?"'"i relied on, if inserted in order to conceal a serious ^°^ed^'"^ defect which the production of a prior document would »«™j{' have disclosed. Thus, where upon a sale by the Court of Chancery there was this condition, and the pur- chaser discovered and produced a Avill known to the vendor dated prior to the stipulated commencement of the title, from which will it appeared that the vendor's estate was determinable on the death without issue of a person still living and childless, the Court refused to enforce the contract (d) ; and it is apprehended that the decision would have been the same had the sale been an ordinary one. Where a vendor is aware that his title is defective, betoCTtoa" the only proper and safe course is to state clearly on "^^^^'^^'"'' the face of the conditions the nature of the defect, and ^|{^""™ to provide that no objection shall be made on account thereof (e), or to refer the purchaser to, and give him an opportunity of inspecting before the sale, the docu- ments showing the real- state of the title, and provide that he shall accept such a title as the documents dis- close. A general condition which does not state that there is any defect, though its language would be suffi- ciently comprehensive to cover it if known to exist, will not protect the vendor. Thus, where the con- ditions provided that no objection should be taken in (c) Sellick V. Trevor, 11 M. & (e) See Smith o. Watts, 4 Drew. W. 722 ; 12 L. J. (N. S.) Ex. 401 ; 338, as a case in which the condi- Shepherd v. Keatley, 1 C. M. & R. tion was held sufficiently precise, 117 ; 3 L. J. (N. S.) Ex. 288 ; and Drysdale v. Mace, 5 De G. M. Keyso v. Hayden, 20 L. T. E. 244 ; & G. 103 ; "Webb v. Kirby, 7 ib. Jones V. Clifford, L. R. 3 C. D. 376 ; and Osborne v. Harvey, 7 779. Jnr. 229, as cases where the con- (d) Else V. Else, L. R. 13 Eq. dition was held not binding, be- 196. See also Harnett v. Baker, ib. cause not expressed with sufficient ' 20 Eq. 50. clearness. B 2 Digitized by Microsoft® ^ CONDITIONS OF SALE. respect of a specified under-lease, or in respect of" any- other under-lease " prior to a certain date, and it ap- peared that there was another existing under-lease known to the vendor, it was held that he ought to have disclosed it, and had not relieved himself of this obli- gation by the general condition (/). Condition A vendor may stipulate for the sale of an estate ciiasw"hau with such title only as he happens to have, and a pur- 'tttieM^"° chaser buying under such a contract cannot complain if he gets a defective title {g). Thus, where on a sale by the assignees of a bankrupb it was provided that the purchaser should have an assignment of the bankrupt's interest " under such title as he lately held the same, an abstract of which may be seen at the office of the solicitor," and the auctioneer stated that it was a re- sale on account of a defect in the title, and that the purchaser was not to expect a good title, the purchaser was compelled to complete, although the title was de- fective {h). So where the purchaser agreed to take the vendor's title without dispute, he was not allowed to object on account of the legal estate being outstand- ing {i). But a condition, that the purchaser shall only be entitled to the production of such of the deeds as are in the vendor's possession, does not affect the right of the purchaser to require the deduction of a good title, and to have the title verified by the production of other satisfactory evidence, if the deeds themselves are not produced [j). Conditions will not be construed to relieve the vendor from- the liability of verifying the abstract by proper evidence, unless they are expressed in plain and unambiguous language to that effect. If the facts of a title are stated, and it is then stipu- lated that the purchaser shall take such title as those circumstances can confer upon the vendor, the pur- chaser will be bound to take the title, such as it is ; but if the conditions state as a positive fact, and not as a conclusion of law from the circumstances detailed, (/) Edwards v. Wickwar, L. E. 1 379. Eq. 68. ft) Freme v. Wright, uhi suprd. (g) Freme v. Wright, 4 Madd. (i) Duke v. Barnett, 2 Coll. 0. C. 364. See also Wilmot v. Wilkin- 337. son, 6 B. & C. 506 ; Spratt ii. Jef- (J) Soiithhy v. Hiitt, 2 M. & C. fery, 10 B. & C. 249 ; 8 L. J. K. B. 207 ; Osborne v. Harvey, 7 Jur. 114 ; Hume v. Pocock, L. R. 1 Ch. 229. Digitized by Microsoft® COKDITIONS OF SALE. 5 that the vendor has a power to sell the fee, the pur- chaser is entitled to require the vendor to show his power to sell, as it naay have arisen from separate and independent sources (k). Under an open agreement to grant or assign a lease, om mie as the intended lessor or vendor was, until the recent ductiou oT statute, hound to produce and verify the lessor's title (Z), titie.^^^""^^ unless the lease was by an ecclesiastical corporation (m), and a condition that the vendor should not be required to produce the lessor's title did not prevent the pur- chaser from himself investigating the title and objecting on the ground of defects thus discovered (n). But in a case where the condition was that the lessor's title would not be shown and should not be inquired into, and the purchaser on inquiry discovered that the lessors had no power of leasing the property, it was held that he was precluded by the condition from raising any objection to the title on this account (o). By the "Vendor and Purchaser Act, 1874 " (p), New nue^as it is provided that under a contract to grant or aue. assign a term of years, whether derived or to be de- rived out- of a freehold or leasehold estate, the intended lessee or assign shall not be entitled to call for the title to the freehold. It is apprehended that this enact- ment will not prevent a purchaser from raising objec- tions to the freehold title, on grounds discovered aliunde. It is, therefore, still advisable on a sale of leaseholds to stipulate that the lessor's title shall not be inquired into, or any objection made in respect thereof. When renewable leaseholds are the subject of sale, it f^^^^^ may be necessary to negative the right of the pur- chaser to call for any of the leases which are prior in point of date to the then subsisting lease. On the sale in lots of a leasehold property, stated to be held under one lease, no objection can be made on account of a clause of re-entry being contained in the lease applicable to the whole property (q). (h) Johnson v. Smiley, 17 Beav. & R. 117 ; 3 L. J. (N. S.) Ex. 293 288. (i) Sug. V. & P. 307 ; Shanks v. (o) Hume v. Bentley, 5 De G. & St. John, L. R 2 C. P. 376. Sm. 520. I (m) Fane I.. Spencer, 2 Mer. 430. (p) Sec. 2, rule 1. , , „ ,„ [n) Shepherd v. Keatley, 1 C. M. (g) Walter v. Maunde, 1 J. & SS . Digitized by Microsoft® 6 CONDITIONS OF SALE. tosrslTouid If the property oflFered for sale is an under-lease, the be^soid as fa^Q^. gij^ouid appear in the particulars or in the condi- tions ; for if it is described as a lease and it turns out that the superior lease comprises other property, or contains covenants different from those in the under- . lease, so that the under-lessee is liable to eviction for a breach of covenants in respect of the other property, or for a breach of any covenants other than those con- tained in the under-lease, the contract cannot be en- forced against the purchaser (r). But if the superior lease does not comprise other property, and the cove- nants in it are identical with those in the under-lease, and the rent reserved is a peppercorn or nominal rent merely, so that the purchaser paying the rent and ob- serving the covenants in the under-lease, will be safe from eviction by the superior lessor, it is apprehended that specific performance could not be resisted. In Madeley v. Booth (s), property sold as a lease for ninety- nine years was discovered to be an under-lease for ninety-nine years wanting three days, and the Court refused to enforce specific performance. But in Dar- lington V. Hamilton (t), Wood, V.-C, treated Madeley V. Booth as decided merely on the ground of the want of the three days, and observed, " It has never been decided that if a person having a clear title as lessee for a term makes another lease for a shorter term, and then the under-lessee sell by auction the under-lease, describing it as a lease, and subject to a condition of sale that the lessor's title is not to be inquired into, and the lessor's title is perfectly good, and is not a freehold, but only a term of years, this alone would be a reason for resisting specific performance." It is conceived that His Honour's observations do not apply where thesuperior lease reserves a substantial or more than nominal rent ; because the liability of the under-lessee to pay such rent in case of default by the mesne lessee in order to prevent eviction, would be an inconvenience to which he might reasonably object, and it would not be a sufficient answer to such objection that 181 ; Pattison v. Long, 6 Beav. 16 L. J. C. P. 159 590. (s) 2 De G. & Sm. 718. (r) Darlington v. Hamilton, Kay, (t) 1 Kay, 550, 550 ; Blake v. Phinn, 3 C. B. 976 ; Digitized by Microsoft® CONDITIONS OF SALE. 7 if called on to do so, he could deduct the rent so paid by him from the rent due to his own lessor. If property is sold as an under-lease, the purchaser Purchaser of "will be considered to have constructive notice of all lease has usual covenants in the original lease (u), and it is not notice of an objection to the title that the under-lease may be- nants in come forfeited by the breach of the covenants of the lease original lease (v). As a general rule it is desirable on the sale of an under-lease, to offer to the purchaser the inspection of the original lease, if the vendor can pro- cure its production for that purpose (w), but if he is not in a position to do this, he should preclude the pur- chaser from requiring the production by a special con- dition, as the " Vendor and Purchaser Act, 1874 " (,'), applies to the freehold title only. On the sale of an estate held on lives, the vendi >r Prori-rty must supply the purchaser with the requisite evidence iives. in proof of the existence and correct ages of the ccntuis que vie. In the absence of stipulation, the title to tithes which ™e to are held as a lay property must commence with the original grant from the Crown, and then the title should be taken up and regularly deduced for a period of forty years previous to the time of sale (v/). In the case of copyholds which have been enfran- Jij'.f^™- chised, the purchaser, in the absence of express stipu- m>yi^oiis- lation, is entitled to call for the production, not only of the copyhold title, but also of the title of the lord of the manor down to the period of the enfranchisement. But this rule does not apply where the enfranchisement is under the Copyhold Acts (z). And, in the absence of express stipulation, on the Allotments. purchase of allotments under an Inclosure Act, the title to the property in respect of which the allotment is made must be deduced down to the period of the award, and if the allotment is made in respect of all the tenant's lands, it is necessary to deduce the title to all of them ; and it may be useful to notice that such lu) Fli"-ht V. Barton, 3 M. & K. {y) It seems doubtful wliether 282 sections 1 and 2 of the "Vendor and (v) Hayford v. Griddle, 22 Bcav. Purchaser Act, 1874," are applicable 4177 ' •' to a contract for sale of lithe-rent (w) Smith ». Watts, 4 Drew. 338. charge. (x) Sec. 2, rule 1. (?) Kerr v. Pawson, 25 Bcuv. 394. Digitized by Microsoft® 8 CONDITIONS OF SALE. allotments are freehold, copyhold, or leasehold, accord- ing to the tenure of the land in respect of which the allotment is made (a). Bxchiiuges. Where the property sold has been the subject of a common law exchange made previously to the 31st of December, 1844, the vendor, in the absence of express stipulation, must show a title not only to such lands, but also to the lands given in exchange (6). But where an exchange is made under the powers of the " General Inclosure Act, 1845 " (c), the title to the land given in exchange is transferred to the land taken in exchange, and consequently the title to be deduced to a purchaser in such a case is the title to the land given in exchange, up to the date of such exchange, and afterwards the title to the land taken in exchange. ^ty itobie If the property is subject to any incumbrances which whiorSn- cannot be discharged, the conditions should provide for not be paid ^-^^ defect lu the title. All the facts connected with such incumbrances should be accurately stated ; and, if they are not likely to be enforced, it may be sufficient to bind the purchaser to make no objection on their account, and in other cases, it may be expedient to offer an indemnity to the purchaser, and to provide that he sh^U be satisfied therewith : but it is very important that the terms and nature of the indemnity should be clearly stated. In the absence of special contract, a purchaser cannot be compelled to take a defective title with an indemnity, nor can a vendor be compelled to give an indemnity (d). lllnTto ^^ t^® absence of express stipulation, the vendor is deeds for bouud to producB to the purchaser for examination with lionw^i. t^® abstract all deeds and documents of title (other than abstract. wiUs and instruments on record), whether they are in his (the vendor's) possession or not, and although he may only have a covenant for their production (e). He is also bound to produce to the purchaser, for the like purpose, official copies of all wills and instruments on record (/). (a) 8 & 9 Vict. c. 118, sec. 94. 66 ; Aylett v. Ashton, 1 My. & Or. (i) But see now 8 & 9 Vict. c. 105 ; Bainbridge v. Kinnaird, 9 Jur 106, sect. 4. 862. (c) 8 & 9 Vict. c. 118, sect. 147. (a) Sug. Con. V. & P. 319. (d) Balmaimo v. Lumley, 1 V. & (/) Sug. V. & P. 358. B. 224 ; Paton v. Brebner, 1 Bligh, Digitized by Microsoft® CONDITIONS OF SALE. 9 If the vendor produces the deeds at his own resi- j?^^™^!"' dence or in London for verification of the abstract, the expenses of all journeys of the purchaser's solicitor must be borne by the purchaser ; but the additional expenses to which the purchaser may be put for jour- neys, &c., in the verification of the abstract, by reason of the deeds not being produced at one of the usual places for production, or by reason of their being in the hands of persons residing in different parts of the country, must, in the absence of special conditions, be borne by the vendor (g). Upon the completion of the purchase, the vendor is °™8f]^7 bound to deliver to the purchaser all deeds and docu- astodeeds _,^,_, ^ . - ^ . ^on the com- ments 01 title m his possession, unless they also relate f^f '™ °' to other property of the vendor, in which case, how- chase, ever small may be the value of the property so retained, the vendor is entitled under the new statutory rules to keep the deeds (h). He is also bound to deliver to the purchaser attested copies of all deeds and documents (except wills or instruments on record) of which he does not deliver the originals, and to enter into a cove- nant himself, or procure a covenant from the person holding the deeds for their production : but if he is unable to furnish to the purchaser a legal covenant, such inability is not, under the new rules, an objection to the title in case the purchaser will, on completion, have an equitable right to the production of such documents (i). It is evident that in all the cases above referred to, g'J^^™^^ it is desirable to provide by the conditions that the »f p[°''»^"'8 expense of the production of deeds not in the vendor's ^^^^ ^.^ possession, and of all attested official and other copies of documents and all other evidence which the purchaser may require, shall be borne by the purchaser. And if the vendor is unable to procure the production of original deeds, a condition should be inserted to protect the vendor from any objection on this account. The new rules provide that such covenants for pro- g°^^ZZ duction as the purchaser can and shall require shall be ^^^^'^''•'- furnished at his expense, but the vendor is to bear the I 'rj) Hughes v. Wynne, 8 Sim. 85. 1874," sect. 2, rule 5. \h) " Vendor and Purchaser Act, (i) Rule 3. Digitized by Microsoft® 10 CONDITIONS OF SALE. expense of perusal and execution on behalf of himself and other necessary parties other than the purchaser (j). «^"8tody of On the sale of an estate in lots, where the conditions are silent as to the custody of the deeds, the purchaser of the lot which is the largest in value is entitled to their custody; but under a condition that the purchaser of the Jargest lot shall have them, the purchaser of the largest lot in superficial area will be entitled to the deeds (k). Under a condition that the title deeds are to be delivered to the purchaser of the largest lot, the purchaser of the largest lot in value and extent is entitled to the custody of the deeds as against a pur- chaser of several lots whose aggregate value and extent exceed those of the largest lot (l). If by the conditions it is stipulated that the. vendor shall not be required to produce any deeds not in his possession, and that all deeds of covenant for production of deeds shall be obtained by and at the expense of the purchaser, the vendor is not bound to procure covenants for produc- tion from third parties holding the deeds and not in the hands of the vendor {^m). In a case where it was stipu- lated that the vendor should retain the custody of the deeds, and a covenant would be entered into for giving attested copies thereof at the expense of the purchaser, it was held that the purchaser had no right, on completion, to attested copies at the expense of the vendor (n). wentit ■'■* ^^ ^ necessary part, of the deduction of a good title to provide satisfactory evidence of the identity of the parcels. To do this completely is often difficult, so that some provision qualifying the purchaser's right in this respect is generally introduced. In a case where it was provided " that no further evidence of identity shall be required than what is afforded by the abstract or the documents therein abstracted," and the descriptions in the documents differed among themselves and from the descriptions in the particulars of sale, the purchaser was held entitled to further proof of identity (o). And in another case, where it was provided "that the purchaser (j) Rule 4. 847 ; 20 L. J. Q. B. 386. (k) Griffiths V. Hatchard, 1 K. & (n) Collin v. Soudamore 1 K & J. 17. Joh. 321. (l) Scott V. Jackman, 21 Beav. (o) Flower v. Hartropp, 6 Beav 110. 476. ^ (m) Gabriel v. Smith, 16 Q. B. Digitized by Microsoft® CONDITIONS OF SALE. 11 shall not require any further proof of identity than is fur- nished by the title deeds themselves," Kindersley, V.-C, observed, " I am of opinion that under this condition, if the deeds do not show identity the purchaser cannot call for any other evidence ; but that, on the other hand, the contract is in, effect that the deeds shall show identity, so that if they do not, a good title is not made " (p). It is a common and proper condition that a purchaser Effect of shall make all his requisitions and objections within a <'°''.^'j?^^^'"s given time, and that all objections not made within that witinna time shall be considered to be waived. Such a condition apphes only from the delivery of a perfect abstract ; and an objection may be raised arising out of the in- spection of a document which has been called for within the prescribed time under such a condition (q). And this condition will not preclude a purchaser from raising an objection after the time has expired in respect of matters discovered aliunde (r), or from refusing to com- plete and recovering his deposit as for a breach of con- tract, where the title is manifestly bad on the face of the abstract, although he has not objected within the time allowed (.s). If a vendor does not dehver the abstract within the time specified by the conditions, the purchaser will not be bound to send in his objections within the time limited for that purpose (t). An objection to the title could not be taken because there are incumbrances affecting the estate, or outstand- p^^*"* ing interests, if the vendor can require them to be paid off and got in (u). But the abstract is imperfect if the concurrence of the incumbrancers, or of any third party, whose consent is necessary, cannot be required (v). In Sidebottom v. JBarrington (x), the Master of the Eolls said, " I apprehend a question of conveyance arises in this way : — Where an interest is vested in a party to secure a right, the satisfaction of which right entitles the party who has sold the estate to call for a convey- (v) Curling v. Austin, 2 D. & Sm. (<) Uppertou v. Nickolson, L. K. 129, 135. 6 Ch. 436. (q) Bkoklow v. Laws, 2 Hare, (?<) Townsend v. Champemown, 40 ; Hobson v. Bell, 2 Beav. 17. 1 Y. & J. 449 ; Avame v. Brown, (r) Warde v. Dickson, 5 Jur. N. 14 Sim. 303. S. 345. (i) Sug. V. & P. 352; 2 Moll. (s) Want V. Stallibrass, L. R. 8 583 ; Lewin v. Guest, 1 Rus. 325. ExVh. 175. W 3 Beav. 528. Digitized by Microsoft® When the abstract is 12 CONDITIONS OF SALE. ance, then the Court considers it a question of con- veyance only ; but I think it has never gone further than that. If the estate be vested in a person, not for the purpose of securing a right, but for the purpose of enabhng that person to perform a duty to others, then until that duty has been performed there can be no right to call for a conveyance. So, also, the abstract is com- plete if it shows that the vendor can acquire the fee ; as, for instance, by executing a disentailing assurance, although he may not actually be entitled to the fee at the date of the contract, or at the delivery of the ab- stract." In Savory v. Underwood (y), the conditions provided that the abstract should be delivered by a certain day, and the vendor agreed to deduce a good title. The estate at the time of sale was subject to two mortgages, but the mortgagees had not received the usual six months' notice of redemption, and some of them were dead, so that the letters of administration had to be taken out to one of them. These and other matters rendered it impossible for the vendor to convey on the day mentioned for the completion of the pur- chase, and it was decided at law that this did not amount to a defect of title. de^osu^te If a purchase goes off on account of a defect of title ■ the purchaser may recover the deposit, with interest frona the time of payment, as well as all his costs in in- vestigating the title and in searching for judgments, &c. (z) ; but it would require a strong case to give him a right to charge for the preparation of the conveyance (a). The purchaser, moreover, would seem in such case to have a lien on the estate for the deposit (6). en^taglhe ^^ ^^ '^°^' l^owever, a common condition that the Snd to vendor may annul the sale on the purchaser raising any Sbje,^Ls objection or requisition which the vendor shall be made. unable or unwilling to remove, and that in such case the vendor shall return the deposit, but without interest, and that the purchaser shall have no claim on the vendor for the expenses of investigating the title, or other expenses. Such a condition is construed strictly, (y) 23 Law T. K 141. (a) Sug. V. & P. 303 ; Jarmain v. (z) Pounsett v. Fuller, 17 C. B. Eglestone, 5 Car & Pa 172 660; Sikes v. "Weld, 7 Jur. N. S. (6) Wythes ■!;. Lee, 3 Drew 396 1280. Digitized by Microsoft® CONDITIONS OF SALE. 13 and it has been decided that the right of rescinding is waived, if the vendor expresses his willingness, or enters into correspondence with a view to answer objections (c). If, however, in the face of such a condition, a purchaser insists upon a requisition after being informed that the vendor is unable to comply with it, the vendor may- rescind the sale by notice, and such notice need not give the purchaser a time within which to waive his requisition (d). These decisions have led to the practice of introducing into the condition the words " notwith- stand.ing any attempt to remove the same," or words to the like eflPect. On the other hand, a vendor cannot make use of a condition of this nature for the purpose of getting rid of the duty which attaches to him upon the rest of the contract of making out the title. He is therefore bound to give the best answer he can to the purchaser's requisitions, and it is then for the purchaser to say whether he will accept such title as the vendor can give him (e). In Greaves v. Wilson {/), the pur- chaser required the concurrence in the conveyance of a mortgagee by underlease, and it was held that notwith- standing the condition, the vendor was bound to pro- cure such concurrence. In Nelthorp v. Holgate (g), the vendor put up an estate for sale, knowing that his mother had a life interest therein, and it was held that he could not avail himself of the condition to rescind, and that the purchaser was entitled to a specific per- formance of the contract, with compensation in respect of the life interest. In Hoy v. Smythies (h), there was this condition, and also a condition that misdescription should not annul the sale but be the subject of compen- sation, and it was held that the condition as to rescind- ing did not apply to a misdescription (i). But in a case where these conditions occurred, and the purchaser objected that certain minerals under the land sold be- longed to the lord of the manor, but claimed the right to specific performance with compensation, the Court (c) Tanner v. Smith, 10 Sim. 410 ; (/) 25 Beav. 290. Morley v. Cook, 2 Hare, 106. (a) 1 Coll. 203. (cl) Duddell-B. Simpson, L. R. 2 Oi) 22 Beav. 510. Ch. 102. W See too Paynter v. Newby, 11 (e) Turpin v. Chambers, 29 Beav. Hare, 26 ; Cordingley v. Cheese- 104. borough, 3 Giflf. 496. Digitized by Microsoft® 14 CONDITIONS OF SALE. held that the vendors had a right to rescind, and that performance with compensation could not be com- pelled (k). Day for completing the pur- chase. When time is of the essence of tlie con- tract. As to in- terest on purchase money. II. Conditions relating to the completion of the purchase. The conditions should name the day on which the purchase is to be completed. In equity time is held to be of the essence of the contract only in cases of strict stipulation or of neces- sary implication (l). The cases of strict stipulation are where the parties introjduce a clause expressly stating that time is to be of the essence of the contract (m). The cases of necessary implication are where the cir- cumstances of the case require it, as where the property sold is required for some immediate purpose, or where the property is of a determinable or precarious nature, or where the purchase is made for the residence of the purchaser, and the vendor contracts to dehver possession by a certain day (n). But although time was not' originally an essential part of the contract, either party may, by a proper notice, bind the other to complete within a reasonable time to be specified in such notice, and if the party receiving such notice do not complete within the time specified, equity will not assist him to enforce specific performance of the contract. But if the Court sees that the means exist of completing within a reasonable time, and considers the time given by the notice insufficient, it will not give effect to such notice (o). In the absence of express stipulation the purchaser is liable to pay interest on the purchase-money from the day fixed for completion, and is entitled from the same time to receive the rents ; but by providing himself (Zc) Mawson v. Hetclier, L. R. 6 Ch. 91. (I) Parkins v. Thorold, 16 Beav. 59 ; Hudson v. Tfemple, 29 Beav. 5.36 ; Eoberts v. Berry, 3 De G. M. & G. 291. (m) Webb v. Hnghes, L. E. 10 Ei^. 281. (to) Tilley v. Thomas, L. R. 3 Ch. 6. (o) Walker v. Jefferys, 1 Hare, 341 ; Benson v. Lamb, 9 Beav. 602 ; Nott V. Ricard, 22 Beav. 307 ; Southcomb v. Bishop of Exeter, 6" Hare, 213 ; Parkin v. Thorold, 16 Beav. 59 ; Wells v. ■ Maxwell, 32 Beav. 550 ; 33 L. J. Ch. 44. Digitized by Microsoft® CONDITIONS OF SALE. 15 witli the money and giving notice that it is lying idle, he may free himself from the payment of interest, where the delay is not occasioned by his own default (p). The rate of interest is generally 4 per cent. (q). It is usual to insert a condition making the purchaser usuai con- liable to the payment of interest, if from any crmse p"}™*"* of whatever the purchase is not completed on the appointed day (r). In De Visme v. De Visme (s), there was this condition, and also a condition that the abstract should be delivered at a certain time. The vendor did not deliver an abstract ab the time fixed, and it was held that the purchaser was liable to interest only from the time a good title was shown. But this decision, if not overruled, has at all events been much qualified by more recent cases, and it is now settled that where the delay is occasioned by the state of the title, and is not wilful on the vendor's part, the condition applies and interest is payable (t). Thus in Bannerman v. Clarlc (w), the purchaser was held liable to pay interest under this condition, where two days before the time appointed for completion the vendor died, having devised the estate to an infant, which rendered the suit necessary ; and in another case where the title proved defective and a suit was necessary to rectify the defect, it was held that the condition applied (x). In a more recent case {y), a vendor entered into a contract for the sale of a moiety of an estate, and three years afterwards (viz. in 1857) filed a bill for partition, and died in the following year, leaving a will by which he devised his estates to his infant children. In 1861, the executors of the vendor revived the partition suit, and in the fol- lowing year a decree for partition was obtained. Under this condition the purchaser was ordered to pay interest (p) Dyson v. Hornby, 4 De G. & 26 Beav. 630 ; Rowley v. Adams, Sm. 481 ; Regent's Canal Company 12 Beav. 476 ; Wallis ■». Sarrell, 5 V. Ware, 23 Beav. 575. De G. & Sm. 429 ; Stony v. Walsh, (a) Wallis V. Sarrell, 5 De G. & 18 Beav. 559 ; Litchfield v. Brown, Sm. 429. 23 L. J. Oh. 176 ; Tewart v. Tewart, (r) See Kershaw v. Kershaw, L. 3 S. & G. 307 ; Durham, D. & C, R 9 Eq. 56. Ex pmrte, 2 Jur. N. S. 346. "(s) 1 Mac. & G. 336 ; Weddall v. (u) 3 Drew. 632. Nixon, 17 Beav. 160 ; Robinson v. (x) Lord Palmerston v. Turner, Skelton, 12 Beav. 363. 33 L. J. Ch. 457. (t) Shervvin v. Shakspeare, 5 De (y) Williams v. Glenton, L. R. 1 G. M. & G. 517 ; Vickers v. Hand, Ch. 200. Digitized by Microsoft® 16 CONDITIONS OF SALE, from the day on which the purchase was to be com- pleted. " The state of the vendor's title," K. Bruce, L. J., observed, " was such that several years elapsed before the title could be completed. Several years passed after the time which had been fixed by the con- tract for completion ; but the contract contained a clause which of late years has not been by any means uncommon. It has been for several years' settled, that as a general rule the state of the title and difficulties respecting the title do not exempt the purchaser from liability to that clause. The vendor may be in a sense wrong in not having his title ready at the time spe- cified ; but I repeat it has notoriously been already settled that the mere existence of difficulties as to the title justifying the purchaser in refusing to complete until they are removed, does not exempt him from that clause as to interest. There must be, I might almost say, some serious misconduct on the part of the vendor to exempt the purchaser from liability to interest." As to title- With respect to the arranefements to be made as to the UB6Q.S ^ ^^ title-deeds on the completion of a purchase, sufficient has been said in the former part of this Dissertation. III. Conditions relating to misdescriptions in the Par- ticulars, and to compensation in respect thereof. ^artteSL '^^^ particulars of sale should minutely and accu- S!'^ rately describe the property which is the subject-matter of the sale. The tenure should be stated, and, if let to a tenant, the nature and terms of the tenancy, and the rent paid by him. If it is subject to any charge or obligation of any description, this also should be stated ; in short, the particulars should contain all such infor- mation as is necessary to apprise the purchaser of the real nature of the property put up for sale. There must be no wilful concealment of anything which it is material for the purchaser to know, no ambiguity in the description which is likely to mislead him. Rules ofiaw Beforo the Judicature Act came into operation a as to'SSs-^ slight error in a material part of the description ren- description. ^^^^^ g^ coutract vold at law ; but courts of equity Digitized by Microsoft® ' the subject. CONDITIONS OF SALE. 17 standing a misdescription, with an abatement of the purchase-money by way of compensation, at the suit either of the vendor or of the purchaser. The rules of equity are now the rules of every branch of the Supreme Court of Judicature. It is usual, however, to make express provision for Eo-ect of misdescriptions by a condition of sale. One in common mtionTto use provides that misdescription in the particulars shall u^^.'""''' not annul the sale, but compensation shall be made in respect thereof by either party, as the case may require, the amount of such compensation to be settled by two referees or their umpire. It will be convenient to consider — 1st. What is such Division of a misdescription as will entitle a purchaser at least to *" " ' compensation. 2ndly. What is such a misdescription as will entitle a purchaser to rescind the contract alto- gether. And 3rdly. Whether in any and what cases a vendor can avail himself of a condition entitling him to compensation for misdescription. 1. What is such a misdescription as will entitle a pur- chaser at least to compensation. It has been decided that the ordinary condition as ordinary to misdescriptions applies only to such errors as in the o™y applies absence of the condition would vitiate the contract (2). whiSTwouid In other words, if the error is such that in the absence vitia™ the of the condition the party complaining of it would nevertheless have been compelled to complete the pur- chase without compensation, the condition does not apply. It follows that in considering this part of the subject it is immaterial whether there is, or is not, the usual condition as to misdescriptions. If according to the true construction of the particulars the property is misdescribed, the purchaser is entitled to compensa- tion ; in the one case, by the general principles of equity, in the other case, by virtue of the condition. If, however, according to the true construction of the particulars there is no misdescription, he cannot in either case claim compensation. {z) Leslie u. Tomson, 9 Hare, 268. VOL. I. o Digitized by Microsoft® 18 CONDITIOJTS OP SALE. ^Znmy^° Where the error is as to the quantity, the purchaser is, as a general rule, entitled to an abatement out of his purchase-money for so much as the quantity falls short of the representation. For though the land is not sold professedly by the acre, the presumption^ is that in fixing the price regard is had to the quantity which both suppose the estate to consist of, and therefore a rateable abatement of the price will probably leave both parties in nearly the same relative situation in which they would have stood if the quantity had been originally known. In other words, the quantity is, as a general rule, to be considered as a material and sub- stantial part of the description, and an error as to it is a misdescription. But this rule does not apply to a case where it appears that the purchaser has made his calculation on some other basis — as where on a sale of woods described as containing two hundred and seven- teen acres the real quantity proved to be twenty-six acres less, but it appeared that the purchaser had been furnished with a gross valuation of the wood on the basis of which he had purchased, it was held that he was entitled to compensation for the twenty-six acres, but only on so much as the soil would be worth after deducting the value of the wood standing on it (a). Snotfe'-^^' If it can be shown that the purchaser knew the real caiindickim quantity, and therefore was not deceived by the error, oompensa- ]^q yf^ j^ot be entitled to compensation, but the onus lies on the vendor to show the purchaser's knowledge. Thus, where the particulars described the property as forty-six feet deep, whereas in fact it was only thirty- three feet deep, the purchaser was in the occupation of the premises, and it was therefore contended that he must have known the actual measurement. But the Master of the Bolls observed that he did not know that persons in the occupation of property were in the habit of measuring it, and decreed for the purchaser (6). Effect of The effect of such words as " or thereabouts," " more ^^JrSe-' or less," added to the statement of quantity, seems not ?we or to have been absolutely fixed by decision. It is con- Isttoation." ceived, however, that they would only cover a small (a) Hill V. Buckley, 17 V^s. 394. (6) King v. Wilson, 6 Beav. 124. Digitized by Microsoft® CONDITIONS OF SALE. 19 difference. But if the quantity is stated to be " by esti- mation " only, the description is rendered still more loose and uncertain. Thus, where the property was described as containing by estimation forty-one acres, more or less, and the real quantity was thirty-six acres, and there was no ground for imputing to the vendor knowledge of the real quantity, the purchaser was held not entitled to an abatement, but Sir W. Grant, M.K., intimated that if the vendor had known the true quantity, the use of such qualifying expressions would not protect him from the obligation of making it good (c). But there is a limit to the effect of even such expressions as "by estimation," as where a farm was described as containing " by estimation 349 acres, or thereabouts, be the same more or less," and there was a stipulation that the parties should not be an- swerable for any excess or deficiency in the quantity of the premises, and that such excess or deficiency, as the case might be, should not vacate or affect the con- tract, but the premises should be taken by the pur- chaser at the quantity above stated, whether more or less. The actual quantity was 100 acres less than that stated, and Sir W. Grant., M..R., observed, " I never can agree that such a clause, if there was nothing else in the case, can cover so large a deficiency as is alleged here" (d). In a recent case (e) the property was described as containing an area of 7683 square feet or thereabouts, but in fact contained only 4350 square feet. There was a condition that " the measurements are presumed to be correct, but if any error be discovered therein, no allowance shall be made or required either way." The purchaser filed a bill for specific performance, with compensation, after the vendor had offered to rescind the contract. It was held that the purchaser could not claim compensation in the face of the condition ex- pressly negativing his right to it, and that as he did not ask to have the contract rescinded, he must take the property without compensation. There can be little doubt that if in this case the bill had been by (c) Winch V. Winchester, 1 V. (e) Cordingley v. Cheeselrorough, & B. 375. 3 Giff. 496 ; 31 L. J. CIi. 617. (d) Portman v. Mill, 2 Kuss. 570. 2 Digitized by Microsoft® 20 CONDITIONS OF SALE. the vendor for specific performance, the Court would not have enforced the contract against the purchaser. In another case (/), the property was described as containing 753 square yards or thereabouts. The 1 4th condition of sale provided that " every lot is believed and shall be taken to be correctly described as to quantity and otherwise, and if any error, mis-state- ment, or omission in the particulars be discovered, the same shall not annul the sale, nor shall any compensa- tion be allowed by the vendor or purchaser in respect thereof," and the 20th condition provided that every error or misdescription not covered by the 14th should be the subject of compensation. It turned out that the property contained only 573 square yards, and it was held that the 14th condition applied to small errors and inaccuracies, and not to so large a deficiency as 180 square yards, and consequently that the case came within the 20th condition, so as to entitle the purchaser to compensation. to a^piy to* It is conceived that the proper test to apply to cases exp'SL. where the quantity is stated to be by estimation, or where other expressions are used with a view to pro- tect the vendor from the obligation of making good a deficiency in quantity, is this. If a vendor states the quantity "by estimation," he virtually says, "I have not actually measured the property, but this is the quantity which it contains by reputation, or which according to the best of my judgment without having had recourse to measurement I believe it to contain ;" and if in such a case a vendor acts hond Jide, and the purchaser who has the opportunity of measuring it himself chooses not to do so, the principle of caveat emptor applies. If there is also a condition that no allowance shall be made in case of an error in quantity, the principle oLcaveat emptor applies still more strongly. But if the discrepancy is very great, it would be im- possible to relieve the vendor from the imputation, either of wilful fraud in inserting a false description, or of such negligence of the ordinary duty of a vendor to acquire a knowledge of his property, as amounts to constructive fraud, and fraud in every case vitiates a contract. (/) Whittemore v. Whittemore, L. E. 8 Ec^. 603. Digitized by Microsoft® CONDITIONS OF SALE. 21 An omission to state in the particulars as a part of J'™;J7j„ the description of the property what in fairness the Sf£ vendor ought to state is a misdescription entithng a ^^'^'"• purchaser to compensation. Thus a vendor is bound to disclose latent defects, i.e., such defects as a pur- chaser using ordinary diligence cannot discover for himself, provided of course that the vendor is himself aware of them (g). It is said that where the defect in a property is as to patent patent, viz., an object of sense such as a purchaser'"'^"'''' with ordinary diligence could discover for himself, the vendor is not bound to disclose it. Thus, where after the sale the purchaser discovered that there was a footpath over the land which materially affected the value, he was held to his contract without compensa- tion (h). But this doctrine must be accepted with caution and subject to this qualification, that there must be no actual misrepresentation and no studied concealment on the vendor's part. Thus, if in the above-mentioned case the land had been described by reference to a plan, and the plan had omitted to notice the footpath, it may be doubted whether the decision would have been the same, for in such case it might reasonably be contended that the omission on the plan was a misdescription calculated to deceive the purchaser. Again, if property is described by its usual known Purchaser description, and there is no fraud on the vendor's part, tocompen- the purchaser is not entitled to compensation, though it deseripuon^ may turn out that the property is not what from its rectlmia-"' description it might naturally be supposed to be. Thus, there be^'g where a house at Brighton was sold as No. 39, Regency vendor ™ Square, and it was afterwards discovered that the house, though always named 39, Regency Square, was not actually in the Square, but in a side street communi- cating with the Square, this was held to be no mis- description (i). Vague and indefinite representations with respect to indefinite what is a mere matter of opinion do not entitle a pur- tions as'to •*■ -*■ matters of M Mellish v. Motteux, 1 Pea. N. (h) Oldfield n. Eound, 5 Ves. 508. P. C. 156 ; Martin v. Cotter, 3 Jo. (i) White v. Bradshaw, 16 Jur. & Lat. 496 ; Lucas v. James, 7 Hare, 738. 410. Digitized by Microsoft® 22 CONDITIONS OF SALE. Entiue chaser to compensation. Thus, where land was described ??mpensT*° as uncommonly rich water-meadow, and it turned out wherettT that though water-meadow it was imperfectly watered, tffifas*1bo the purchaser was not entitled to compensation (k). a^matter of g^^ jf ^j^g vendor takes upon himself to make a specific and definite representation as to a matter of fact, he is bound to make it good. He must not make an inac- curate statement, and then say, " it was the duty of the purchaser before he bid to institute inquiries and correct mistakes and misdescriptions in the particulars," nor may he make an ambiguous statement by which a purchaser is Ukely to be deceived. ofSisin In accordance with the principles above laid down, dSE the purchaser has been held entitled to compensation, entitled to either under the general rule of equity or under a compensa- gpecial conditiou, making misdescriptions the subject of compensation, in the following cases, viz. : — Where a house described as in good repair turned out to be very much out of repair, and the defect was not apparent except on minute investigation (l). Where property was described as " yell supplied with water," and it turned out that the supply was from waterworks on payment of water rates, the Court being of opinion that the purchaser was led by the description to believe that there was a supply of water on the property itself (m). Where property was described as customary leasehold, and renewable every twenty-one years on payment of a customary fine, and it turned out that there was no right of renewal (n). Where on the sale of a manor it was stated that the fine was two years' improved value, and it turned out that this was not the case (o). Where property was described as in the occu- pation of the owners of a certain coUiery, their under-tenants, or workmen, but it was not stated (/c) Scott V. Hanson, 1 K & M. G. F. & J. 248. ^^fk -n TT ,„ -t^ W Painter v. Newby, 11 Hare, (t) Dyer v. Hargrave, 10 Ves. 26. ./> > 505. See also , Grant v. Munt, (o) Hoy v. Smytliies, 22 Beav Cooper, 17.3. 510. (m) Leyland v. Illing worth, 2 De Digitized by Microsoft® CONDITIONS OF SALE. 23 (as the fact was) that such owners were entitled to use the cottages for their workmen rent free (p). Where the land is subject to a reservation of mining or other rights, unless the Court is satisfied that there is no subject-matter for the reservation to act on, or that all legal right to exercise it has ceased (q). Where the particulars of sale mentioned the premises as being then let at a rental of £30 per annum, and it was afterwards discovered that all the rates and taxes were by agreement payable by the landlord (r). But if in cases of misdescription it can be shown that Purchaser the purchaser was aware of the actual state of the tocompen- property at the time of his purchase, he will not be awweoV the allowed either to rescind the contract or to claim com- oftTepro-* pensation (s). ^'''''• 2. What is such a misdescription as will entitle a Purchaser to rescind the Contract. The jurisdiction of equity to compel a purchaser (in Extent the absence of stipulation) to take the property with equity has an abatement of the purchase-money in respect of a juriudiotion . J . . . ^ i- j.T_ 1 -1 of obliging misdescription, was, in some oi the early cases, carried a purchaser to a great length. Thus, on a contract to sell a house perty with and wharf, the purchaser was compelled to take the tion. house without the wharf though he alleged his object in purchasing was to carry on business at the wharf ; and in another case, where the property was a house on the bank of the Thames, stated to be in the county of Essex, and it turned out to be in Kent, the contract was enforced against the purchaser, though he stated that his object in purchasing was to be a freeholder of Essex and not a churchwarden of Greenwich. But these cases have been disapproved of [t), and the prin- (p) Brandley v. Plummer, 2 Drew, son, 20 L. T. 105. 427. (r) Bos v. Helsliam, L. E. 2 Eq. (q) Seaman v. Vawdrey, 16 Ves. Y2. See also Barnes v. Wood, L. K. 390 ; Martin v. Cotter, 3 Jo. & Lat. 8 Eq. 424. 496 ; Lyddall v. Weston, 2 Atk. 19. (s) Farelirother v. Gibson, 1 De Whether, however, an outstanding G. & J. 602. right to minerals is a proper subject (i) See Drewe v. Hanson, 6 Vps. of compensation, see Powell c. Smith- 678; Halsey v. Grant, 13 Ves. 7s. Digitized by Microsoft® 24 CONDITIONS OT SALE. ciple was thus stated by Lord Erskine, in Halsey v. Grant : " Where one party would be foiled at law but the other party can have the reasonable substantial benefit of his contract, compensation shall be admitted, but not where the effect will be to put on the purchaser something constitutionally different to that for which he contracted " (u). A similar rule applies where there is the usual condi- tion making misdescriptions a matter of compensation. Thus, in Flight v. Booth (jc), . Tindal, C.-J., observed: " It is extremely difficult to lay down from the decided cases any definite rule which shall determine what mis- statement or misdescription in the particulars shall justify a recision of the contract, and what shall be a . ground of compensation only. All the cases concur in this, that where the mis-statement is wilful or designed, it amounts to a fraud, and fraud vitiates the contract altogether. Where there is no fraud, we think it a safe rule to adopt that where the misdescription is on a material and substantial point so far affecting the subject of the contract that it may be reasonably sup- posed that but for such misdescription the purchaser would not have entered into the contract at all, the contract is avoided altogether, and the purchaser is not bound to resoi-t to the claim of compensation. Under • such a state of facts the purchaser may be considered as not having purchased the thing which is really the subject of the sale " {y). Instances The foUowing are cases in which it has been held ThSerwas that the purchaser was entitled to rescind the contract. held entitled i ■ i i ■ i , • to rescind, and was uot Douud to accept compensation. Where an estate was described as freehold and it turned out to be leasehold for 4,000 years (z). Where, on a sale of a leasehold house the par- ticulars stated that the lessee was restricted from carrying on " offensive trades or the trade of a coffee-house keeper or working hatter," and it turned out that the lease prohibited not only (u) See Baskcomb v. Beckwith, (y) Dimmock d. Hallett, L R 2 L. R. 8 Eq. 100. C. A. 21. ' ' (x) 1 Bing. N. S. 370 ; 4 L. J. (z) Crewe v. Corp, 9 Ves. 368 (N. S.) 0. P. 66. Digitized by Microsoft® CONDITIONS OF SALE. 25 oflPensive but also a great number of inoffensive trades (a). Where the subject-matter of the contract was described as a " free pubhc-house," and it turned out that the lease contained a proviso that the lessee should take all his beer from a particular brewery (b). Where the property was described as seven houses on a ground rent lease at forty guineas per annum, and it turned out that they were let on lease at a rack rent of forty guineas. Where a property was sold as freehold and it proved to be copyhold (c). Where a lot was described as a first-rate build- ing plot of land, and it turned out that it was subject to a right of way of which no notice was taken in the particulars and plan (d). Where a house was described as brick-built, and it was proved to be built partly of brick and partly of timber, and some parts were composed only of lath-and-plaster (e). Where the particulars described the property as containing sixty-five acres of fine oak timber trees, the avefage size of which approached sixty-five feet, and the size was in fact considerably below that average (/). Where property was described as No. 58, on the north side of Pall Mall, and opposite Marlborough House, and it turned out that the house was in fact not in Pall Mall, but was situate behind No. 57, Pall Mall, having its entrance by a separate passage through the ground floor of No. 57 (g). Where the property was described as freehold ground rents, and it turned out that some of the rents were rents covenanted to be paid by the lessees of houses for the right of using a public (a) Flight V. Booth, 1 Bing. N. («) Powell v. Double, MS. cited C. 370 ; I L. J. (N. S.) C. P. 66. Sug. V. & P. 23. (6) Jones v. Edney, 3 Gamp. 285. (/) Lord Brooke v. Eoundthwaite, (c) Ayler v. Cox, 16 Beav. 23. 5 Hare, 298. (d) Dykes v. Blake, 4 Bing. N. C. (9) Stanton v. Tattersall, 1 Sm. 463 ; 7 L. J. (N. S.) C. P. 282. & GifF. 529. Digitized by Microsoft® 26 CONDITIONS OP SALE. pleasure ground, and not freehold ground rents within the meaning of the particulars {h). Where, on a sale of redeemed land-tax, it was stated to be charged on three houses, and it turned out that the whole amount was not charged on the three houses, but consisted of three smaller sums each charged on one house {i). Where no title can be made to a portion of the property described which is an essential part {h). Where the contract was for the sale of a free- hold residence, and it turned out that it was en- cumbered with certain covenants on the part of the grantee his heirs and assigns (Z). fbovi toLs -'-* ™*7 ^® stated as the result of the above cases that a purchaser is entitled to rescind the contract, whether there is or is not a condition as to misdescrip- tion, (1.) if the mis-statement on the part of the ven- dor is wilful, (2.) if the effect of making the purchaser complete would be to put upon him something con- stitutionally different from that for which he contracted, (3.) if the misdescription is such that it may be reason- ably supposed that but for such misdescription he would not have entered into the contract at all, (4.) if the misdescription is of a nature not susceptible of compensation. 3. Whether in any and what cases a vendor can avail himself of a condition giving him compensation for misdescriptions. The common condition as to misdescriptions provides for the payment of compensation to the vendor as well as to the purchaser. In determining whether in any given case the vendor can avail himself of this con- dition it must be considered whether the misdescription is one which in the absence of the condition would have entitled him to be relieved from the contract. (/i) Evans v. Kobins, 33 L. J. & Ell. 355. See also Ashtoii v (N. S.) Ex. 68. Wood, 3 Sm. & G. 436 ; Sliaokleton (i) Cox V. Coventon, 31 Beav. v. Sutoliffe, 1 De G. & S. 609 378. {I) Phillips v. Caldcleueh ' L. R. {h) Dobell V. Hutcliinson, 3 Ad. 4 Q. B. 159. Digitized by Microsoft® CONDITIOXS OF SALE. 27 It is the duty of the vendor to describe accurately the property which he offers for sale, and he will as a general rule be bound by the description. But if it can be shown that the mistake on the vendor's part was hondjide, and made under such circumstances as to be excusable, equity will relieve him. Thus, if by mistake he inserts a description which includes the whole of a property when it was his hondjide intention to describe a portion only, it would be inequitable to make him sell the whole for what he intended to be the price of part only, particularly if the purchaser himself considered that he was only buying the part (m). And in a case where upon a sale in lots there was a condition that in case of any mistake in the description of the property compensation should be given or taken, as the case might require, and one of the lots contained about twenty acres more than the quantity mentioned in the particulars, and it appeared that the particulars had been prepared from some pre- vious particulars, and from the report of a surveyor prepared on a former occasion, it was held that the purchaser could not enforce the contract in the face of the mistake unless he was willing to adopt the con- dition by which compensation was prescribed to be made for any excess in the quantity of the land taken (ft). It will be observed that in the above case it was merely decided that the purchaser could not insist on a conveyance of twenty acres more than he bargained for without paying for the excess, but if the purchaser had elected to give up the property rather than pay more than his original purchase- money^ it is conceived that he might have done so. In other words, it is conceived that a vendor would not be entitled under this condition as to compensation to compel a purchaser to complete the purchase and pay for the excess of quantity unless it could be shown that the purchaser was aware, and the vendor was unaware, of the excess at the time of the sale. (to) Calverley v. Williams, 1 (n) Leslie v. Tompson, 9 Hare, Ves. 210. See also Baxendale v. 263. Seale, 19 Beav. 601, Digitized by Microsoft® 28 CONDITIONS OF -SALE. TV. Conditions relating to other matters, and Conditions generally. ta^^Lilting a I* is usual to provide in the conditions that no per- ijiddiug. son shall retract his bidding ; but Lord St. Leonards, though he originally suggested the condition, doubts whether it could be enforced (o). raidor may ^^ ^^ ^® amiouncod either by the particulars or pub- tidde7* ^^^J ^^ ^^ imie of sale that the sale is to be without reserve, the sale is of course vitiated by a person being employed by the vendor to bid [p) ; but formerly, if a sale had been advertised generally without any state- ment as to its being without reserve, it was generally supposed that a vendor might, in equity though not at law, employ one person to bid, in order to prevent the estate being sold at an under value {(/). But by the 30 & 31 Vict 30 & 31 Vict. c. 48, it is enacted that after the 15th July, 1867, whenever a sale by auction of land would be invalid at law by the employment of a puffer, the same shall be so in equity also [r) ; and it is further provided that the particulars or , conditions of sale by auction of land shall state whether it will be sold without reserve or subject to a reserved price, or whether a right to bid is reserved, and that if the land is stated to be sold without reserve or to that effect, it shall not be lawful for the seller to employ any person to bid, or for the auctioneer to take knowingly any bidding from such person; and that when any such sale is declared to be subject to a right for the seller to bid, the seller, or any one person in his behalf, may bid at such auction in such manner as he may think proper (s). Deposit. It is also usual on sales by auction to provide that the purchaser shall pay a deposit, and if the deposit is large in amount it may in some cases be desirable to (o) Sug. V. & P. 11. 326 ; Woodward v. Miller, 2 Coll. (p) Thomett v. Hames, 15 M. & C. C. 279. But see the observations W. 372 ; 15 L. J. Ex. 230 ; Meadows of Lord Gran worth in Mortimer v V. Tanner, 5 Mad. 34. Bell, L. R. 1 C. A. 10. (?) Bramley v. Alt, 3 Ves. 620 ; M Sect. 4. Conolly V. Parsons, id. 625 n. ; (s) Sects. 5, 6. See GiUiatt v Smith V. Clarke, 12 Ves. 477 ; Gilliatt, L. E. 9 Eq. CO. Twining v. Morrice, 2 Bro. C. C. Digitized by Microsoft® CO:!^DITIONS OF SALE. 29 provide for its investment during the interval between 'J^«'^"'™?J'' the sale and the completion of the purchase, and in that event the vendor will be entitled to any increase, and must bear any loss, in the value of the invest- ment (f,). If. on a sale the timber is to be paid for separately, Astotimijer. the conditions of sale should provide for the terms on which it is to be taken by the purchaser, and should specify what trees shall be paid for as timber. It may J^Jj^y* be useful to observe that wood is not timber unless it is of twenty years' growth ; the term timber includes oak, elm, and ash, and by local custom, birch, beech, and other trees, and sometimes pollards (u). When a property which is subject to a lease at an y'n^j'nT*"?" entire rent is sold in lots, or a part only of such pro- r»",'^™ «»'» perty is sold, provision must be made by the conditions for the apportionment of the rent, and if the tenants' concurrence in the apportionment cannot be obtained, the purchaser should be precluded from taking any objection on that account. It may be observed that written or printed con- ^j_t^n <"■ ditions of sale cannot be verbally varied at the time of ™J^j,*^°b"/ sale by the auctioneer, and parol evidence will not be if^^y admitted in equity on the part of the plaintiff to vary the written contract, although the purchaser agrees to abide by the conditions and declarations made at the sale (x). But any personal information which the purchaser may have received would be a ground for receiving parol evidence, and using the same as a defence against a specific performance (y). Fraud, mis- ^rt™™™' take, .or surprise, are respectively grounds for receiving ^^^J^'j"^ parol evidence in defence to a specific performance, but if none of these circumstances exist, evidence cannot be offered to contradict, explain, or vary the written contract (z). The particulars of sale should give an (<) Burronglies v. Brown, 9 Hare, bridge, 1 B. & C. 375. 609. See also St. Paul v. Binning- (x) Gunnis v. Erliart, 1 H. Bl. ham, &c., Railway Company, 11 289; Powell ». Edmunds, 12 East, Hare, 305. 6 ; Higginson v. Clowes, 15 Ves. 00 Dart, 122, 4th Ed. ; Duke of 516. Clmndos V. Talbot, 2 P. Wms. 606 ; {y) Ogilvie v. Foljambe, 3 Mer. Aubrey v. Eisher, 10 East, 446. As 65 ; Clowes v. Higgmson, 1 V. & B. to what are saleable underwoods, 524. see King v. Inhabitants of Ferry- (z) Manser i: Back, 6 Hare, 443. Digitized by Microsoft® 30 CONDITIONS OF SALE. accurate description of the property, and no reliance should be placed by the vendor on statements made at the sale (a), to forMtV The last condition of sale usually provides that if the deposit. purchaser fails to comply with the conditions, he shall forfeit his deposit, and the vendor may resell. It may be observed that even in the absence of this condition, a purchaser failing to complete, forfeits his deposit (b), and this is so where the purchaser becomes bankrupt and the trustee disclaims under the 23rd section of the " Bankruptcy Act, 1869 " (c). Souo' When a sale is made by trustees or other persons teesmar"" boldiug a fiduciary character, they must be careful to ^^"- enter into no condition which the state of the title does not require, and the authority which is often given to them by the deed or instrument creating the trust, and which is now conferred on trustees having a power of sale by statute (d), to insert in the contract or con- ditions of sale any special stipulations as to title or otherwise would not enable a trustee to enter into any unnecessary or improperly depreciatory conditions, and the cestui que trust, however small his interest may be, might set aside the sale, so long as any part of the pur- chase-money remains unpaid (e). On the other hand it is apprehended that the title of a purchaser completing without notice that the conditions were unjustifiable could not be called in question, and that in that case the remedy would be in damages against the trustee. The expense of obtaining copies of documents not in the vendor's possession, and the other evidence requisite to verify the abstract, may reasonably be thrown by a trustee for sale on the purchaser ; and it seems that a trustee is authoi'ized, without any special authority for the purpose, to stipulate by the conditions that the vendor shall be at liberty to rescind the contract in case objections are taken to the title which he is unable to remove (/). A decree was made for specific perform- ance in a case where, on a sale by a trustee who had (a) Torrance v. Bolton, L. R. 8 512. Ch. 310. (d) 23 & 24 Vict. c. 145, sect. 2. (b) Depree v. Bedborough, 4 Giff. (e) Dance v. Goldingham, L E 479. 8 Ch. A. 012. (c) Ex parte Barrell, L. E. 10 Ch. (/) Holjson v. Bell, 2 Beav. 17 ; Digitized by Microsoft® CONDITIONS OF SALE. 31 no express power to give receipts, he stipulated that his receipts should be deemed conclusive discharges, and that the purchaser should not require the concur- rence of the heir or cestui que trust (g). A vendor or purchaser of real or leasehold estate, or ^™*j'^°j their representatives respectively, may at any time can obtain , . -t^ \ T 1 • r^l {- • opinion of apply m a summary way to a Judge m Chambers, iiii^^^"„ respect of any requisitions or objections, or claim for compensation, or any other question arising out of or connected with the contract (not being a question affecting the validity of the contract) and obtain the decision of the Judge thereon, and also as to the costs of the application (h). When the title to land has been registered under the J?*iJ* J""- "Land Transfer Act, 1875," no special condition will necessary, .. •'■ ., iii. where title be necessary if the registration is with an absolute |fJ5g."ff/^ title. But if the registration is with a possessory or Traii»fer qualified title only, i.e. without prejudice to estates arising before the date of registration, or before a cer- tain specified date, the purchaser will be entitled to carry the investigation back for forty years according to the ordinary rule, and to preclude him from so doing, a special condition will be necessary. Falkner v. Eq. Eev. Int. Soc, 4 (h) " Vendor and Purchaser Act, Drew. 362. 1874," sect. 9. See In re Burroughs, (<;) WUkinsoni). Hartley, 15 Beav. L. R. 5 C. D. 601. 183. Digitized by Microsoft® 32 CONDITIONS OF SALE. OF FREE- HOLDS OB COPYHOLDS IN ONE LOT. Highest bidder to be purchaser, and as to advance on biddings. Deposit. Timber to be paid for at a valua- tion. As to the completion of the pur- chase. No. I. CONDITIONS o/Sale 0/ Freehold or Copyhold Property in One Lot. I. The highest bidder shall be the purchaser, and if any dispute shall arise between two or more bidders the property- shall be put up again at the last undisputed bidding. No person shall advance at each bidding less than £ [or the sum which shall be fixed by the auctioneer at the time of the sale], and no bidding shall be retracted. The vendor reserves the right to bid. II. The purchaser shall immediately after the sale pay to the auctioneer \_or to Mr. , the vendor's solicitor,] a deposit of £ per cent, upon the amount of his purchase-money, and sign an agreement to complete the purchase according to these conditions [IIa. In addition to the amount of his bidding at the sale, the purchaser shall pay. for all timber and timber-like trees, tellers, pollards, and saplings on the property, down to the value of one shilling per stick inclusive, at a valuation to be made in manner following (that is to say) : — Each party shall appoint a valuer, and give notice thereof by writing to the other party within fourteen days from the day of the sale. The valuers thus appointed shall, before they proceed to act, appoint by writing an umpire, and the two valuers or (if they disagree) their umpire shall make the valuation. If either party shall neglect to appoint a valuer or to give notice thereof to the other party for the space aforesaid, the valuer appointed by the other party shall make a final valuation aloue. In the following conditions the expres- sion "the remainder of the purchase - money " includes the amount of the aforesaid valuation.] III. The remainder of the purchase-money shall be paid and the purchase shall be completed on the day of next at the office of Mr. (the vendor's solicitor), and if from any cause whatever the purchase shall not be completed on that day, the purchaser shall pay to the vendor interest after the rate of £5 per cent, per annum on the remainder of the purchase- Digitized by Microsoft® CONDITIOJiTS OF SALE. 33 money from that day until the completion of the purchase, o^ ™ee- The purchaser shall be entitled to the possession lor the receipt copyholds P,l tnn-ini ^IN ONE LOT. ot the rents and profits] of the property from the said day of next' all outgoings up to that day being cleared by the vendor, and all current rents and outgoings shall be apportioned for the purposes of this condition. IV. The vendor will, within days from the day of sale, Delivery of deliver to the purchaser or his solicitor, an abstract of title to comi'^nce-' the property, such abstract to commence with indentures of title. " lease and release dated , and the purchaser shall not require the production of, or investigate or make any objection or requisition in respect of the prior title, whether referred to in any abstracted document or not (b). [V. Recitals and statements contained in deeds or other Recitals to documents dated twenty years or upwards prior to the day of sale shall be deemed conclusive evidence of the facts and matters i-ecited or stated therein, or to be implied there- from, and also of the contents and due execution of all documents recited or stated therein, and which are not in the vendor's possession, and no objection shall be made on account of the non-production of any such recited or stated documents (c).] VI. The production and inspection of all deeds and other Expense of 1 , . , , . production documents not m the vendor s possession, and the procuring of deeds, and making of all certificates, attested, official, or other copies ""P'"". «"=■ of, or extracts from, any records, registers, deeds, wills, or other documents, whether in the vendor's possession or not, and of all declarations, and other evidence whatsoever, which may be required by the purchaser for the purpose of veiifying the ab- stract or for any other purpose, [and the getting in of all out- standing estates, terms, and interests, if any,] and all searches, inquiries, and journeys for any of the above purposes, shall be at the expense of the purchaser. VII. The purchaser shall not require any evidence of the identity. identity of the property as described in the particulars with the property described in the abstracted documents, other than (6) Insert after the 4tli condition any special stipulations whicli the state of the title may require. For forms of such conditions, see infrd. (c) The "Vendor and Purchaser Act, 1874," s. 2, rule 2, makes recitals in documents twenty years old sufficient evidence of facts, and may for this purpose he relied on ; and if the state of the title is such that the last part of the above condition beginning wth the words, " and also of the contents, &c.," is not required, the whole condition may be omitted. VOL. I. ° Digitized by Microsoft® 34 CONDITIONS OF SALE. OF FREE- HOLDS OR COPYHOLDS IN ONE LOT. a statutory declaration which will be furnished to him if he requires it, at his own expense, that the property has been held consistently with the title shown by the abstract during the last twenty years. Time for VIII. All obiections and requisitions in respect of the title, making re- ^ ^ . , . quisitions, or the abstract, or particulars, or anything appearing therein respectively, shall be stated in writing and sent to the vendor's solicitor within days from the delivery of the abstract, and all objections and requisitions not sent within that time shall and power be Considered to be waived. If any objection or requisition certain shall be made and insisted on which the vendor shall be unable or shall not think fit to remove or comply with, the vendor shall be at liberty (notwithstanding any intermediate negotia- tion on the subject of such objection or requisition or attempts to remove or comply with the same), by notice in writing to the purchaser, to rescind the sale ; in which case the purchaser shall receive back the deposit without interest or costs. But the purchaser may, within seven days after receiving the notice to rescind, withdraw the objection or requisition, in which case the notice to rescind shall be deemed to be withdrawn also. Vendor to IX. IJPON payment of the residue of the purchase-money at make as- /. . i i surances the time and place aforesaid, the vendor shall make and exe- cute to the purchaser a proper assurance of the property, such assurance to be prepared by and at the expense of the purchaser, and to be left by him for execution at the office aforesaid, not less than seven days before the said day of . [The vendor being a trustee [or a mortgagee selling under a power of sale] will not enter into any covenants for title other than the usual covenant that he has done no act to encumber, and any covenant for production of deeds which the purchaser can and shall require shall be limited so as to bind the vendor personally so long only as he shall have the custody of the deeds the sub- ject of such covenant (d)]. Tenancies ^- ^HE property is sold Subject to existing tenancies, and to mente!*^' ^11 easomonts (e) (if any) affecting the same. descri tf n ^^' '^^^ quantities stated in the particulars shall be presumed to be correct, and an error as to quantity, if any such shall (d) The words within brackets will be inserted if the vendor is a trustee or mortgagee, but not otherwise. (e) Add here if necessary, " quit rents and other incidents of tenure." Digitized by Microsoft® CONDITIONS OF SALE. 35 be found, shall neither annul the sale nor entitle either party 2ol™oi to compensation on account thereof. If any other mistake f^oN^"" shall be found in the particulars before the completion of the purchase (/), the same shall not annul the sale ; but a fair compensation shall be made in respect thereof to or by the purchaser, as the case may require, the amount to be settled, in case of difference, by two referees, one to be appointed by each party or their umpire ; and if either party shall fail to appoint a referee for the space of ten days after notice shall hare been given to him by the other party so to do, the referee appointed by the other party may make a final decision alone (g). (Or the following.) XIa. The description of the property in the particulars is Another believed to be correct ; but if any error shall be found therein, '"""■ the same shall not annul the sale, nor shall any compensation be allowed in respect thereof (h). XII. If the purchaser shall fail to comply with these con- vendor's (/) See Boa v. Helsham, L. R. 2 Exch. 72. (g) It is suggested that the following proviso might be properly added to the end of the above condition, with a view to prevent either party from being called on to pay compensation, when it would be more to his interest to rescind the sale. Pbovided always that the party from whom compensation is claimed may, instead of submitting thereto at any time within the period above allowed him for the appointment of a referee, rescind the sale by a notice in writing given to the other party; and in such case the purchaser shall receive back his deposit without interest or costs. But the party making the claim may, at any time within seven days from the receipt of the notice to rescind, withdraw such claim, in which case the notice to rescind shall be deemed to be withdrawn also. If the above proviso is added, the words " except as hereinafter men- tioned " should be introduced in the condition in the text, after the words " shall not annul the sale." (/i) It has been held that a condition in the form given above (XIa), Observ.1- notwithstanding the generality of its language, will only cover slight tion? on immaterial errors (Whittemore v. Whittemore, L. R. 8 Eq. 603), and it is excluding' apprehended, moreover, that such errors must be in the nature of patent comijensa- D 2 Digitized by Microsoft® 36 COJSTDITTONS OF SALE. or FREE- HOLDS OR IN ONE LOT. rower to resell on purchaser's default. ditions, his deposit money shall be forfeited to the vendor, who iN°ol™LOT ^^^^^ ^^ ^* liberty to proceed to another sale either by public auction or private contract, with or without notice to the pur- chaser at the present sale, and the deficiency, if any, occasioned by such second sale, together with all charges attending the same, shall immediately after such sale be made good by the defaulter at this present sale, and in case of non-payment of the same, the whole shall be recoverable by the vendor as and for liquidated damages, and it shall not be necessary for the vendor to tender a conveyance. Whether trustees for sale can allow com- pensation for misde- scriptions. tion for mis- defects ; and 'bearing in mind that patent defects (where there is no actual ,aescnptions. mijj.gtatement) do not as a general rule confer a right of relief, even in the absence of stipulation, the practical operation of the condition would seem to be confined to slight errors in quantity. If so, it seems a fair objection to its use, that its language so inaccurately describes its legal operation. More- over, it is open to the observation that it may be used against the vendor, and may probably be held to preclude him from claiming relief in some cases of bond fide mistake on his part, where otherwise he would have been able to do so. It has been said that trustees are not justified in allowing compensation for their o'wn errors, and that a Court of Equity will not act upon a clause to that effect in the conditions (Dart, V. & P. 129). This must be taken to mean, not that it is a breach of trust to sell subject to a condition allowing compensation for errors, but that such a condition will not be permitted to operate so as to prejudice the cestui que trust — in other words, to enable the purchaser to get the property for a less sum than he would have paid if the error had not occurred {White v. Ouddon, 8 01. & F. 760). But if the mistake is one fairly admitting of compensation, e. g., a deficiency in quantity, where the purchaser may be supposed to have bought by the quantity, or an understatement of the amount of an annual outgoing, so that a proportionate abatement of the purchase-money will reduce it to the same amount as it may fairly be supposed would have been paid if the particulars had been correct, such an abatement will be made as well where the vendor is a trustee as when he is beneficial owner. (Hill v. Buckley, 17 Ves. 394.) It is the duty of a trustee selling to describe the property correctly, and any negligence on his part in this respect by which his cestuis que I/rust are prejudiced, is a breach of trust. But inasmuch as a mistake may find its way into the particulars from inadvertence, a trustee is justified, indeed it is his duty, to make the same provision to meet such a case as a prudent owner selling on his own account would do ; and as a condition making misdescriptions a subject for compensation is a usual one, being considered on the whole to be for the vendor's benefit, it follows that such a condition may be ;properly used by a trustee, particularly as Courts of Equity will not allow a purchaser to obtain by means of it aji unfair advantage over the cestui que trust. {White v. Ouddon, uhi suprd.) Digitized by Microsoft® CONDITIONS OF SALE. 37 Memorandum to be annexed to the Particulars and Conditions. MEMORANDUM. At the Sale by auction made this day, of the property described in the above particulars, A. B. of was the highest bidder for, and was declared the pur- chaser of the said property, at the price of £ ; and the said A. B. has paid to 0. D., as agent for and on behalf of (i) the vendor, the sum of £ by way of deposit, and in part- payment of the purchase-money ; and he hereby agi-ees to com- plete the purchase, according to the above conditions, and the said C. D., as the vendor's agent, hereby confirms the sale, and acknowledges the receipt of the said deposit. C. D. {auctioneer, or vendor's solicitor) for the vendor. A. B. (purchaser). OF FREE- HOLDS OK COPYHOLDS IN ONE LOT No. II. CONDITIONS of Sale of a Leasehold House [and Ten- "" ^^''^^■' " " L ' HOLDS IN ant's fixtures] in One Lot [the fixtures to, be taken at a ""^ ''°'^- valuation], I., II. (As in Precedent No. I., supra, p. 31.) [IIa. In addition to the ■ amount of his bidding at the sale 1??™''° the purchaser shall pay for the tenant's fixtures in and about the premises at a valuation to be made in manner following (that is to say) : the vendor shall appoint one valuer and the purchaser shall appoint another valuer, and each party shall make such appointment by writing and give notice thereof to the other party within fourteen days from the day of sale. The (i) The name of the vendor should he inserted hefore the contract is signed. Potter v. Duffield, L. R. 18 Eq. 6. See also Thomas v. Brown, L. R. 2 Q. B. D. 714. The contract mitst contain the name of the vendor, or he must be otherwise sufficiently described. In a case where the condi- tions stated that the vendor was " a trustee selling under a trust for sale " (Catling V. King, L. R. 5 C. D. 660), and in another case where the agent for the vendors wrote to the purchaser saying that "the proprietors" accepted his oflfer (Rossiter v. Miller, L. R. 5 C. D. 648), it was held that the vendors were sufficiently described and identified. See also Williams V. Jordan, L. R. 6 C. D. 517. Digitized by Microsoft® 38 CONDITIONS OF SALE. OF LEASE- HOLDS IK ONE LOT. valuers thus appoiuted shall, before they proceed to act, appoint by writiug an umpire, and the two valuers, or if they disagree, their umpire, shall make the valuation. If either party shall neglect to appoint a valuer, or to give notice thereof to the other party for the space aforesaid, the valuer appointed by the other party shall make a final valuation alone. In the follow- ing conditions the expression " the remainder of the purchase- money " includes the amount of the aforesaid valuation.] III. (As to the completion of the purchase, see Precedent No, I., supra, p. 32.) Delivery of IV. The Vendor will within days from the day of abstract and .t.. ' -, . ... T_j.iir commence- sale, deliver to the purchaser or his solicitor an abstract oi raent of -^ .iii title. title to the property, such abstract to commence with the lease under which the vendor holds, and the purchaser shall not inquire into or make any objection or requisition in respect of the lessor's title. The vendor will produce to the purchaser the receipt for the last payment of the rent which shall have become due under the lease, and the same shall be deemed sufficient and conclusive evidence that all covenants and con- ditions contained therein and to be performed by the lessee have been duly performed up to the completion of the purchase (J). The nature of such covenants and conditions may be ascertained by an inspection of the lease, or a copy or abstract thereof, which will be produced at the time of sale. If the property is held by an underlease, and the vendor cannot procure the production of the superior lease. Commence- IVa. The Vendor will, &c., (deliver abstract) such abstract to when pro- commence with the underlease under which the property is held underlease, by the Vendor, dated the day of , and the purchaser shall not require the production of the superior lease, or make any objection or requisition in respect of the same, or anything therein contained, nor shall he inquire into the title either of the superior lessor or of the sub-lessor, or make any objection or requisition in respect of such title. The receipt for the last (j) The following words may be added here if desirable, "and the purchaser shall assume that the person by whom such receipt is given is the lightful owner of the reversion expectant on the lease, without any proof of the devolution of the title to him from the original lessor." Digitized by Microsoft® CONDITIONS OF SALE. 39 payment of rent which shall have become due under the said o^j-i^ase- underlease shall be produced to the purchaser, and he shall ""^ *■"■ assume without further evidence that all covenants and con- ditions contained in the underlease and superior lease respec- tively, have been duly performed up to the completion of the purchase. The underlease, or a copy thereof, will be produced and may be inspected the day before the sale, at the office of the vendor's solicitor. {Or if the vendor can produce the superior lease.) IVb. The vendor will, &c. {deliver abstract) such abstract to Another commence with the underlease under which the vendor holds, which underlease, or a copy thereof, and also a copy of the superior lease will be produced at the sale, and may be in- spected the day before the sale at the office of the vendor's solicitors. The purchaser shall be deemed to buy with full notice of all the covenants and conditions contained in the underlease and superior lease respectively, and on the production to him of the receipt for the last payment of rent which shall have become due under the said underlease shall assume that all the said covenants and conditions have been duly performed up to the completion of the purchase. The title of the superior lessor shall not be inquired into, and no objection shall be made in respect thereof. {Remaining conditions as in Precedent No. I., so far as they are applicable.) No. III. CONDITIONS of Sale of Freeholds where the Vendor has or fkee- ■^ " HOLDS WITH a Registered Title under the " Land Transfer Act, registered title. 1875." I., II., III. {The same as in Precedent No. I.) {If the vendor is the first registered proprietor with a possessory title only.) IV. The vendor is the first registered proprietor with a where ven- tjossessorv title only of the premises offered for sale, the date of registered 1 in -«rt-NT*i f proprietor ref'istration being the day oi 18 — . JNo evidence oi withapos- Digitized by Microsoft® 40 CONDITIONS OF SALE. OF FREE- HOLDS WITH REGISTERED TITLE. title prior to the registration shall be required, and the pur- chaser shall assume that, at the date of registration, no estate, sessory title ^^gH 01' interest adverse to or in derogation of the vendor's °°'''- title was subsisting or capable of arising. {Or if the vendor is a transferee of the first registered proprietor.) Where IVa. The Vendor is the registered proprietor with a possessory transferee title Only of the premises offered for sale . by transfer from the proprietor ^^'^^ registered proprietor, the date of such first registration being the day of 18 — . No evidence of title prior to the first registration shall be required, and the purchaser shall assume that at the date of Such registration, no estate, right, or interest adverse to or derogatory of the title of the first registered proprietor was subsisting -or capable of arising. {Or if the vendor is registered proprietor with a qualified title.) vendOT has ^^S- The Vendor is the registered proprietor with a qualified tit^c''''^^'^ title (estates, rights, and interests arising before the day of 18 — , being excepted from the effect of registration). No evidence of title prior to the said day of 18 — , shall be required, and the purchaser shall assume that no estate, right, or interest adverse to or in derogation of the registered title was subsisting or capable of arising on the said day of 18—. {If the vendor has an absolute registered title no special condition is necessary.) v. The property is sold subject to the existing tenancies and to all easements, quit rents, and other incidents of tenure, if any, affecting the same. VI., VII. {Conditions as to errors of description and vendor's power to resell in case of purchaser's default, as in Precedent No. I., suprd, pp. 34, 36.) Digitized by Microsoft® CONDITIONS OF SALE. 41 No. IV. CONDITIONS of Sale of Leaseholds where the vendor has "f i-ease- *' •^ HOLDS WITH a Registered Title under the "Land Transfer Act, reoistered I., 11., III. (The same as in Precedent No. II.) IV. The vendor is the registered proprietor of the leasehold of^j^^^jo'te premis,es offered for sale, but •without any declaration of the ^^JSof title of the lessor to grant the lease. The receipt for the last Pf^Jo°™|X payment of rent which shall have become due under the lease shall be accepted by the purchaser as conclusive evidence that all the covenants and conditions contained in the lease, and to be performed by the lessee, have been performed up to the com- pletion of the purchase. The nature of such covenants and con- ditions may be ascertained by an inspection of an office copy of the lease, which will be produced at the time of the sale. v., VI. Errors in particulars, and power to vendor to resell, see Precedent No. I., supra, pp. 34, 36.) No. V. CONDITIONS of Sale of Property in Lots. of pboperty IN LOTS. I. The highest bidder shall be the purchaser ; and if any dis- Highest pute shall arise between two or more bidders, the lot in dispute purchaser, shall be put up again at the last undisputed bidding. JNo advaaiceon person shall advance at each bidding less than £ [or, the sura to be fixed by the auctioneer at the time of the sale], and no bidding shall be retracted. The vendor reserves the right to bid. II. Every purchaser shall, immediately after the sale, pay to Deposit, the auctioneer [or, to Mr. , the vendor's solicitor] a deposit of £ per cent, on the account of his purchase-money, and sio-n an agreement to complete his purchase according to these conditions (k). (k) Add, if intended, " And he shall also immediately after _the sale pay to the vendor's solicitor the sum of one guinea for the contract." Digitized by Microsoft® 42 CONDITIONS OF SALE. "TLOTr"" [11^- I^ addition to the amount of his bidding at the sale, Timber to be *^® purchaser of each lot shall pay for all timber and timber- vSuation* * ^i^® trees, pollards and saplings on such lot, down to the value of Is. per stick inclusive, at a valuation to be made in manner following (that is to say): each party shall appoint a valuer, and give notice thereof by writing to the other party within fourteen days from the day of sale. The valuers thus appointed shall, before they proceed to act, appoint by writing an umpire, and the two valuers, or (if they disagree) their umpire, shall make the valuation. If either party shall neglect to appoint a valuer, or to give notice thereof to the other party for the space aforesaid, the valuer appointed by the other party shall make a final valuation alone. In the following conditions the expression " the remainder of the purchase-money " includes the amount of the aforesaid valuation.] As to the III. The remainder of the purchase-money of each lot shall of the pur- be paid, and the purchase thereof shall be completed on the day of next, at the office of the said , and if from any cause whatever the purchase of any lot shall not be completed on that day, the purchaser thereof shall pay to the vendor interest after the rate of £5 per cent, per annum on the remainder of the purchase-money from that day until the com- pletion of the purchase. The purchaser of each lot shall be entitled to the possession [or the receipt of the rents and profits] of the lot purchased by him from the said day of next, all outgoings up to that day being cleared by the vendor, and all current rents and outgoings shall be apportioned for the purpose of this condition. Delivery of IV. Thb vcndor will, within days from the day of sale, Mramene™'' deliver to the purchaser of each lot, or his soHcitor, an abstract mentoftitie. ^^ ^j^^^ ^^ ^j^^ ^q^ purchased by him, but the purchaser of more than one lot shall be entitled to one abstract only in respect of the lots purchased by him. The title shall commence, as to lot 1, with, &c., as to lot 2, with, &c., (cmd so on as to all the lots), and no purchaser shall be entitled to call for the produc- tion of or investigate or make any objection in respect of the title to the lot purchased by him prior to the date of the docu- ment with which the title to such lot is stipulated to commence, whether such prior title is or is not referred to in any abstracted document (l). (Q Insert after the 4th condition any other special stipulations which the state of the title may require. For forms of special conditions, see infrd. Digitized by Microsoft® CONDITIONS OF SALE. 43 V. Recitals and statements contained in deeds or other ofpkopekty IN LOTS. documents dated twenty years or upwards prior to the day of ^[^^^^^ sale, shall be deemed conclusive evidence of the facts and ^ evidence matters recited or stated therein or to be assumed or implied therefrom, and of the contents and due execution of any docu- ments recited or stated therein, and which are not in the vendor's possession, and no objection shall be made on account of the nonproduction of any such recited or stated document (m). VI. The production and inspection of all deeds and other Expense of documents not in the vendor's possession, and the procuring and of deeds'™ making of all certificates, attested, official, or other copies of, or copies, &o. extracts from any records, registers, deeds, wills, or other docu- ments, whether in the vendor's possession or not, and of all declarations and other evidence whatsoever, which may be re- quired by any purchaser for the purpose of verifying the abstract, or for any other purpose, [and the getting in of all outstanding estates, terms or interests (n)], and all searches, enquiries, and journeys for any of the above purposes shall be at the expense of the purchaser requiring the same. VII. No purchaser shall require any other evidence of the identity. identity of the lot purchased by him with any of the pro- perty described in the abstracted documents than a statutory declaration, which will be furnished to him if he requires it at his own expense, that the property has been held consistently with the title shown by the abstract for the last twenty years. VIII. All objections and requisitions in respect of the title Time for or the abstract, or particulars, or anything appearing therein quisitions, respectively, shall be stated in writing, and sent to the vendor's solicitor within days from the delivery of the abstract ; and all objections and requisitions not sent within that time shall be considered to be waived. If any objection or requisi- ^^^P^^f^,, tion shall be made and insisted on which the vendor shall be^^^^'" unable or unwilling to remove or comply with, the vendor shall ''^^■ be at liberty (notwithstanding any intermediate negotiation in respect thereof, or attempts to remove or comply with the same), by notice in writing to the purchaser by whom such objection or requisition shall be made, to rescind the sale : in which case the purchaser shall receive back the deposit without interest or costs, but the purchaser may within seven days after receiving t m) See suprA, p. 33, note (c). m) The words in brackets will be used only wben necessary. Digitized by Microsoft® 44 CONDITIONS OF SALE, OF PROPERTY IN LOTS. the notice to rescind, withdraw the objection or requisition, in which case the notice to rescind shall be deemed to be with- _ drawn also. Vendor to IX. IJPON payment of the residue of the purchase-money at ances. the time and place above mentioned, the vendor shall make and execute to the purchasers proper assurances of their respective lots, such assurances to be prepared by and at the expense of the purchasers, and to be left by them respectively for execution at the ofl&ce aforesaid, not less than seven days before the said day of next. [The vendor being a trustee [or mort- gagee selling under a power of sale] shall not be required to enter into any covenants for title other than the usual covenant that he has done no act to encumber (o).J Custody and X. SucH of the documents of title in the vendor's possession covenants ■*■ tion^ot*""" ^^ relate to more than one lot shall be delivered to the pur- deeds. chasor of the largest part in value of the lots to which the same relate, if all such lots shall be sold, and he shall enter into the usual covenants with the purchasers of the other lots to which the same relate for the production and furnishing copies thereof. If all the lots to which any documents relate are not sold, such documents shall be retained by the vendor, and he shall enter into the usual {p) covenants with the purchasers of such of the same lots as are sold, for the production and furnishing copies thereof. Every deed of covenant under this condition shall be prepared by and at the expense of the covenantee, and shall be perused by or on behalf of the covenantor at his own expense (g). Easements, XI. The sovoral lots are sold subject to the existing tenancies, and appor- . i i • • i i* tionment of all easemonts, quit rents, and other incidents of tenure (if any) affecting the same. And where two or more lots are included in one tenancy the rent shall be apportioned between such lots as specified in the particulars, and the tenant shall not be re- quired to concur in or consent to such apportionment. Error in XII. The quantities of the lands forming the several lots are believed and shall be taken to be correctly stated in the par- ticulars, and no compensation or other relief shall be allowed for an error in quantity. If any other mistake in the particulars (o) Tke words within 'brackets will be inserted if the vendor is a trustee or mortgagee, hut not otherwise. (p) If the vendor is a trustee, add here " qualified." (?) For other conditions as to custody ot deeds, see Condition No. X. infrdi. Digitized by Microsoft® particulars. CONDITIONS OF SALE, 45 OF PROPERTY IN LOTS. shall be discovered before the completion of the purchase, a fair compensation shall be made in respect thereof to or by the pur- chaser as the case may require ; the amount to be settled, in case of difference, by two referees, one to be appointed by each party, or their umpire, and in case either party shall fail to appoint a referee for the space of ten days after notice shall have been given to him by the other party so to do, the referee appointed by the other party shall make a final decision alone. (Or the following, if preferred.) XIIa. The description of the several lots in the particulars is believed and shall be deemed to be correct, and if any error shall be found therein the same shall not annul the sale, nor shall compensation be allowed in respect thereof (r). XIII. If any purchaser shall fail to comply with these con- Power to I'l- ini/»/>'ii 1 1. vendor to ditions, his deposit money shall be forfeited to the vendor, who resell in shall be at liberty to proceed to another sale, either by public default by *J ^ ^ ^ ^ '' ^ purchaser. auction or private contract, with or without notice to the pur- chaser at the present sale, and the deficiency (if any) occasioned by such second sale, together with all charges attending the same, shall, immediately after such sale, be made good by the defaulter at this present sale ; and, in case of nonpayment of the same, the whole shall be recoverable by the vendor, as and for liquidated damages ; and it shall not be necessary for the vendor to tender a conveyance. Memorandum to be annexed to the Particulars and Conditions. MEMORANDUM.. At the Sale by auction, made this day, of the property comprised in the above particulars, A. B., of , was the highest bidder for, and was declared the pur- chaser of lot , at the price of £ , and the said A. B. has paid to C. D., as agent for and on behalf of (s), the vendor, the sum of by way of deposit, and in part payment of the purchase-money; and he hereby agrees to complete the pur- chase according to the above conditions : and the said C. D., as the vendor's agent, hereby confirms the said sale and acknow- ledges the receipt of the said deposit. CD. (auctioneer, or vendor's solicitor) for the vendor. A. B. (purchaser). (r) See suprd, p. 35, note (h). (s) The name of the vendor should he inserted in the contract before it is signed. Digitized by Microsoft® 46 CONDITIONS OF SALE. No. VI, ^_ CONDITIONS of Sale of a Large Estate, comprising OF FREE- HOLDS, COPY- Lr?ATEHOLDs rREEHOLDS, COPYHOLDS, and LEASEHOLDS, in LoTS, the IN LOTS. Biddings. Payment of purchase- money, and comjjletion of purchase. Delivery of abstract. Commence- ment of title. Condition as to lease- holds Vendors being Trustees. I. The highest bidder shall be the purchaser, and if any dispute shall arise as to the last or best bidder, the lot in dispute shall be put up again. No person shall at any bidding advance less than £ \or, the sum to be fixed by the auctioneer at the time of the sale], or retract his bidding. The vendors reserve the right to bid. II. Every purchaser shall, immediately after the sale, pay a deposit of £ per cent, in part of his purchase-money, and sign an agreement to pay the remainder and complete his purchase according to these conditions. IIa., III. {As in Precedent No. V., swpra, p. 42.) IV. The vendors shall, within days from the day of sale, deliver to every purchaser, whose purchase-money (exclusive of the value of the timber) shall amount to iG500 or upwards, or his solicitor, an abstract of title to the lot or lots purchased by him ; but the purchaser of more than one lot shall be entitled to one abstract only in respect of the lots purchased by him. No purchaser whose purchase-money (exclusive as aforesaid) shall be less than £500, shall be entitled to an abstract at the vendor's expense, but he may have an abstract at his own expense, and may inspect at the office of a general abstract of title, comprising the lot or lots purchased by him. V. The title to the several lots shall commence as follows : [Here insert such special conditions as the state of the title may require. See infra.] VI As to such of the lots as are of leasehold tenure, no pur- chaser shall require the production of any lease or leases prior to the now subsisting lease thereof, or any copy of such prior lease or leases, the same having been from time to time surrendered to the lessors for the purposes of renewal, and no purchaser shall inquire into the lessor's title, nor make any objection or requisi- tion in respect thereof, nor require any other evidence of the performance of the covenants and conditions contained in the lease thereof up to the completion of the purchase, than the Digitized by Microsoft® CONDITIONS OP SALE, 47 production of the receipt for the last payment of rent which „ "^"co^py. shall have become due. _ Sorz.s VII. to X. {Conditions as to recitals, expense of production "* '•'^^ of deeds, identity, time for making requisitions, and power to rescind in certain cases. See Precedent No. I., supra, pp. 33, 34). XI. Upon payment of the remainder of the purchase-money Execution I'll 1 '111 111 ofconvey- at the time and place above mentioned, the vendors and all anoes to . , ,, , , purchasers. other necessary parties shall make and execute proper assurances to the purchasers ; such assurances to be prepared by and at the expense of the respective purchasers, and to be tendered or left by them respectively at the office of the vendors' solicitors, seven days at least before the day of , for examination and execution by the vendors. The vendors being trustees, will onJlfo^g. enter into no other covenant than a covenant that thev have !lf°* !*"'"'' not incumbered the property, and the concurrence of the parties *"«"=™- beneficially interested in the property or purchase-money shall not be required. XII. (Conditions as to deeds, supra, p. 4<4!, adding at the end, and every deed of covenant to be entered into by the vendors shall be limited so as to bind them personally so long only as they shall respectively have the custody of the said documents.) XIII. All the lots are sold subject to the existing tenancies, Lots soia and to all quit and other rents and incidents of tenure, and all tenancies riglits of way or water and other easements (if any) affecting the menta. same respectively ; and where two or more lots are let to the same tenant at an entire rent, such rent shall be apportioned between such lots in the proportions stated in the particulars, and the concurrence of the tenant in such apportionment shall not be required (t). XIV., XV. (Conditions as to errors in particulars, and power to vendor to resell in certain cases, as in Precedent No. I., supra, pp. 34, 36.) (<) When a property which is subject to a lease at an entire rent is sold in lots, a purchaser, before he agrees to buy one of the lots separately, should bear in mind that the condition of re-entry was destroyed by the severance of the reversion prior to the 22 & 23 Vict. . c. 35, and that that Act, in altering the law in this respect, makes legal a{)portionment of the rent necessary in order to enable him to enter under the condition, sec. 3. Digitized by Microsoft® 48 CONDITIONS OF SALE. or REVER- SIONARY INTERESTS, POLICIES, ANNUITIES, &C. Highest bidder. Advance. " Deposit. Delivery of abstract. No. VII. CONDITIONS of Sale as to Reveesionaey Interests in Personalty, Policies, Annuities, Life Interests, &c. I. The highest bidder shall be the purchaser, and if any dispute shall arise between two or more bidders, the lot in dis- pute shall immediately be put up again. No person shall advance less than £ at each bidding, or retract his bidding. The vendor reserves the right to bid. II. Every purchaser shall, immediately after the sale, pay into the hands of the auctioneer a deposit of £ per cent. in part of his purchase-money, and sign an agi-eement to pay the remainder, and complete the purchase according to these conditions, on the day of next. III. The purchase of each lot shall be completed on the ■ day of next, and if from any cause whatever, any pur- chase shall not be completed on the said day of next, the purchaser shall pay interest on the remainder of the pur- chase-money after the rate of £5 per cent, per annum from that day until the purchase shall be actually completed, without prejudice nevertheless to these conditions. IV. The vendor shall deliver to every purchaser, or to his solicitor, an abstract of the title to the lot or lots purchased by him within days from the day of sale ; and every purchaser shall make his objections and requisitions (if any) in respect of the title to the lot or lots purchased by him, and send the same to the office of Mr. within days from the delivery of the abstract ; and all objections or requisitions which shall not be made within the time above specified shall be taken to be waived ; and in case any purchaser shall make any objection or requisition which the vendor shall be unable or unwilling to remove or comply with, the ven- dor shall be at liberty, notwithstanding any intermediate negotiation on the subject of such objection or requisition or attempts to remove or comply with the same, by notice in writing to the purchaser, by whom such objection or requisition shall be made, to rescind the sale : in which case the deposit, without interest, shall be returned to the purchaser, who shall Digitized by Microsoft® CONDITIONS OF SALE. 49 have no claim on the vendor for the expenses of investigating °^^g^^^^' the title or other expenses, or for compensation. interes™. V. Upon payment of the remainder of the purchase-money "<^^™- Preparation at the time and place above mentioned, the vendor shall execute proper assignments and assurances to the several purchasers of ™f^ o?™ the lots purchased by them respectively ; such assignments and "^surance. assurances to be prepared by and at the expense of the pur- chasers, and to be left by them at least days previous to the said day of next, at the office aforesaid, for execution by the vendor. VI. The purchasers, on payment of the remainder of the ^iJ^i™™"' purchase-money, agreeably to the third condition, shall be annnioeb, entitled to all advantages on the reversions and policies from the hour of sale, and to the current half-year's dividends, or the interest on anpuities, life interests, &c. ; and all premiums on policies falling due or becoming payable between the day of sale and the completion of the purchase are to be paid by the several purchasers thereof. VII. The title to lot shall commence with the will of Titietobe deduced to A. B., late of , widow, under which the legacy mentioned reversiouaiy in the particulars is derived, and by the trustees of whose will the same was paid into the Court of Chancery under the Trustees' Relief Act ; but the vendor shall not be required to produce the probate of such will or any residuary or other accounts, or to prove that the reversionary interest forming the subject matter of lot has not been otherwise encumbered than as in the particulars appears. VIII. Every purchaser shall be entitled, at his own expense, J^'^*"/^™' to examine his abstract with such deeds and other documents iJjS'yg*'' as are in the vendor's possession ; but the vendor shall not be f^^^^^ "^^ bound to produce or procure the production of any deeds, wills, session. or other documents whatsoever, not in his possession, either for the examination or verification of the abstract or otherwise, nor to procure attested or other copies of, or extracts from, or a covenant for the production of such deeds, wills, or other docu- ments ; and the non-production of any such deeds, wills, or other documents, as are not in the vendor's possession, shall not be deemed an objection to the title. IX. The production and inspection of all deeds, chancery ^^^p™«/^°'' proceedings, and documents not in the actual possession of the vendor, and all attested and other copies of the deeds, chancery proceedings or other documents required by any purchaser, and VOL. I. ^- Digitized by Microsoft® 50 CONDITIONS OF SALE, OP REVER- SIONARY INTERESTS, POLICIES, ANNUITIES, &C. Errors in particulars and com- pensation. Vendor may re-sell, in ca^e of purchaser's default. all ofHcial and other copies of, or extracts from, any registers, deeds, wills, chancery proceedings, or other documents, and all parish and other certificates, and all declarations, evidence, and " information whatsoever, whether required for verifying the abstract or otherwise, not in the possession of the vendor, shall be respectively obtained at the expense of the purchaser re- quiring the same ; and the vendor shall not be required to give any evidence or information relative to any deeds, evidences, writings, or documents, not in his own possession, nor to identify or otherwise prove by evidence not in his possession that the sum of stock, — the reversion to one third part of which forms lot of the particulars, — is the same as that given by the will of the said A, B., deceased ; and the vendor is not to be required to produce evidence in support of any statements on which the respective policies may be respectively granted. X. If any mistake or omission shall be discovered in the description of the property, or any error whatever shall appear in the particulars, such mistake, omission or error shall not vitiate or annul the sale, but a compensation or equivalent shall be given or taken, as the case may require, to be settled by two referees or their umpire, each party within ten days after the discovery of the error and notice thereof being given to the other party to appoint one referee by writing ; and in case either party shall neglect or refuse to nominate a referee within the time appointed, the referee of the other party alone may make a final decision : and if two referees are appointed, they shall nominate an umpire before they enter upon business, and the decision of such referees or umpire, as the case may be, shall be final. XI. If any purchaser shall fail to comply with these con- ditions, his deposit money shall be actually forfeited to the vendor, who shall be at full liberty to proceed to another sale, either by public auction, or private contract, with or without notice to the purchaser at this sale, and the deficiency (if any) occasioned by such second sale, together with all charges attending the same, shall, immediately after such sale, be made good by the defaulter at this present sale ; and in case of non- payment of the same, the whole thereof shall be recoverable by the vendor as and for liquidated damages ; and it shall not be necessary for the vendor previously to tender an assignment to the purchaser or purchasers respectively. Digitized by Microsoft® CONDITIONS OF SALE. 51 No. VIII. CONDITIONS as to an Estate Sold undee an Order of an of the Chancery Division of the High Court of sold™™ Justice. "" '"'°'""^- I. No person is to advance less than £ at any bidding, Advance. or retract a bidding. II. The sale is subject to a reserved bidding, which has been Reserved fixed by the Judge to whose Court this cause is attached. '"'^'''"^' III. The purchaser is at the time of sale to subscribe his Purchaser name and address to his bidding, and the abstracts of title and ws^name""'* all written notices and communications and summonses are to be deemed duly delivered to and served upon the purchaser by being left for him at such address, unless or until he is repre- sented by a solicitor. IV. The purchaser is at the time of sale to pay a deposit of Deposit. £ per cent, on the amount of his purchase-money to , the person appointed by the said Judge to receive the same. V. The chief clerk of the said Judge will after the sale The chiei proceed to certify the result, and the day of , at verify the o'clock in the noon, is appointed as the time at which the purchaser may, if he think fit, attend by his solicitor at the chambers of the said Judge to settle such certificate. The certificate will then be settled and will in due course be signed and filed, and become binding without further notice or expense to the purchaser. VI. The vendor is, within days after such certificate Delivery of I'T 1 1 •!• abstract. has become bmding, to deliver to the purchaser or his solicitor an abstract of the title to the lot purchased by him, subject to the stipulations contained in these conditions, and the purchaser J'^y^^gf is within days after the actual delivery of the abstract to oi^jections. deliver at the office of , solicitor at , in the county of , a statement in writing of his objections and requisitions (if any) to or on the title as deduced by such abstract ; and upon the expiration of such last-mentioned time (and in this respect time is to be deemed of the essence of the contract), the title is to be considered as approved of and accepted by the purchaser, subject only to such objections and requisitions (if any). VII. The purchaser is, in addition to the amount of his T™ber to bidding at the sale, to pay the value of all timber and timber- ^^^ »"'>! E 2 Digitized by Microsoft® 52 , CONDITIONS OF SALE. OP AST ESTATE like trees, tellers, and pollards on the property, down to Is. per ^"'■j^^J'™™ stick inclusive, the amount thereof to be ascertained by a : valuation to be made in manner following (that is to say) : each party, or his solicitor, is within days after the chief clerk's certificate has become binding, to appoint by writing one valuer, and give notice in writing to the other party of such appoint- ment, and the valuers so appointed are to make such valuation, but before they commence their duty they are to appoint an umpire by writing, and the decision of such valuers if they agree, or of such umpire if they disagree, is to be final, and in case the purchaser shall neglect or refuse to appoint a valuer, and give notice thereof in the manner and within the time above specified, the valuation is to be made by the valuer appointed by the vendor alone, and his valuation is to be final. Payment of VIII. The purchaser is under an order for that purpose to be purchase- ^ -^ •*■ N°£7 "" obtained by him, or in case of his neglect by the vendor at the costs of the purchase!-, upon application at the chambers of the said Judge, to pay the amount of his purchase-money (after deducting the amount paid as a deposit) together with the amount of the valuation under the 7th condition into the Bank .of England, to the account of the Paymaster-General, to the credit of the cause v. , " the account of the produce of the real estates," on or before the day of 187 — , and if the same is not so paid, then the purchaser is to pay interest on his purchase-money, includiiig the amount of such valuation, at the rate of £5 per cent, per annum from the said day of -^ — to the day on which the same is actually paid. Upon payment of the purchase-money in manner aforesaid, the pur- chaser is to be entitled to possession of such parts of the estate as are in hand, and to the rents and profits of such parts as are let, as from the day of , down to which time all out- goings are to be paid by the vendor (u). IX. If any error or misstatement shall appear to have been made in the above particulars, such error or misstatement is not to annul the sale nor to entitle the purchaser to be dis- charged from his purchase, but a compensation is to be made to or by the purchaser as the case may be, and the amount of such 'compensation is to be settled by the said Judge at Chambers. (u) Add, after the 8th condition, any special condition as to title or title deeds which the state of the title may require. Error in particulars. Digitized by Microsoft® CONDITIONS OF SALE. 53 OF AN ESTATE X. If the purchaser shall not pay his purchase-money at the time above specified, or at any other time which may be named ^^''^j.oker" in any order for that purpose, and in all other respects perform Default of these conditions, an order may be made by the said Jud^e upon |SS'e-°' application at chambers for the re-sale of the property, and for ™°"^y- payment by the purchaser of the deficiency (if any) in the price which may be obtained upon such re-sale, and all costs and expenses occasioned by such default. No. IX. CONDITIONS of Sale of Standing Timber. of STANDING TIMBER. I. The highest bidder shall be the purchaser, and if any ^^^^ dispute shall arise between two or more bidders, the lot in bidder to dispute shall be put up again or not at the discretion of the purchaser. auctioneer, who is to be the sole arbitrator in such dispute. The auctioneer is to have the right of refusing any bidding, and of withdrawing, consolidating, or dividing any lots contained in the particulars of sale. II. The vendor shall not be answerable for the description of £^tf " the lot after the fall of the hammer. The purchaser must take cS?dtag*to " it with all faults, errors of description or number, and be at all S'wFthTu risks. No person to advance a less sum at each bidding than " ■ shall be named by the auctioneer, or retract his bidding, and the auctioneer shall be at liberty to bid once or oftener on each lot for the benefit of the vendor. TTI The purchaser of each lot shall at the close of the sale, or Payment of ■■■■^ r purchase- of his bidding if required, pay into the hands of the auctioneer money. a deposit of twenty per cent, in part of his purchase money, and give his name and place of abode, and shall also sign an agree- ment to complete the purchase according to these conditions, and each purchaser shall give the vendor his bill of seven months for the unpaid purchase-money for the oak, and his bill of four months for the unpaid purchase-money for the remainder of the timber, and each such purchaser shall, if required by the vendor or his agent, be provided with a responsible person or persons to join him in such bills respectively as aforesaid, such bills to be given to the auctioneer at the close of the .sale, or Digitized by Microsoft® 54 CONDITIONS OF SALK STANDING TTMBEB, ■within one week from the day of sale, the purchaser paying for the stamps, and not until the same shall be so given and exe- cuted, and, such further security shall be given if required as hereinafter mentioned, shall the purchaser be allowed to enter on his lot or lots, or commence cutting the timber, and if he previously attempt to do so he shall be deemed a trespasser, and liable to pay to the vendor treble the amount of his pur- chase-money for such lot or lots, to be recovered as liquidated damages. Each purchaser shall at any time or times give further security if requested. The purchasers shall respectively pay to the auctioneer sixpence in the pound over and above the purchase-money for fees. How the IV. The trees are to be felled with as much care as possible, timber is to ^ be felled and and the bark and wood thereof to be properly stacked, and removed, sr r j j removed only by the usual roads, and the purchasers are to be accountable for all damage done to any of the remaining timber, or otherwise to the estate of the vendor, or to cattle browsing on the grounds and premises, no tree is to be rooted up without the sanction of the vendor or his agent being first obtained, and the purchaser before the trees are thrown shall sever and cut off such boughs as are necessary to prevent such damage, and if any workman shall be objected to by the vendor, the pur- chaser shall on application or notice being given him for this purpose discharge such workman from off the estate, and the purchaser shall forfeit £5 for every tree or sapling cut which has not been marked for sale. No dogs are to be taken on any part of the estate, either by the purchasers or their workmen. All the oak timber is to be removed from off the lands in dry or frosty weather, having regard to the season, on or before the day of , 187 — , and the remainder of the said timber is to be removed and cleared away before the day of , 187 — , except lots , which shall be removed before the day of , 187 — . All lots remaining after the time before mentioned shall be forfeited to the vendor. Purchasers whose amounts shall not exceed £10 shall pay for the same on or before the day of , 187—. The whole of the tops shall be properly bundled immediately after the trees are felled, and shall be removed from off the lands within one month after such felling, and if not removed as aforesaid shall be forfeited. Shs to ^- '^^^ purchasers shall not enter on any arable lands after away'and ^^^ ^amo shalL be sown with corn, or upon any grass land after Digitized by Microsoft® CONDITIONS OF SALE. 55 aXANDINO the same is laid up until mown, nor upon any young grass, turnips, or other crops, to carry away the timber, without the '""'""'■ consent of the respective occupiers until the crops are respec- J"^ damage tively cleared, and the whole of the timber is to be removed f™- only by the roads and gaps appointed by the vendor or his agent. No purchaser will be allowed to sink pits for the con- version of his timber on the estate without the consent of the proprietor or his agent. Any injury or damage done to the property of the vendor or his tenants shall be ascertained by the auctioneer or any person he may appoint, whose award or determination of dama.ges shall be final. The specified number of trees on the catalogue annexed shall be taken as correct. The whole of the timber shall be felled by the respective pur- chasers at their own expense, except lots , which shall be felled by and at the expense of the vendor. VI. The purchasers of the pollards, saplings, poles, hurdle- condition as wood, and underwood, shall pay for the same at the close of the fo^ o-'f^ clearing sale. The pollards, saplings, and poles shall be cleared off the "^{jj^^ premises by the day of , and the hurdlewood and sapungs! &c. underwood by the day of . The purchasers of the hurdlewood shall not cut any saplings that are marked, nor any saplings that are likely to become trees. VII. No part of the timber, trees, wood, or bark shall be in Pi-ovisions Jr J J t in case of anywise liable to be seized or taken by any person other than o? p'S^ch^er the vendor for the debts, or other engagements, if any, of the nfent'or''" purchasers, until the whole of the purchase money is paid, and Ee^&c. satisfaction is made for damages as aforesaid, notwithstanding any bankruptcy of or any other thing whatsoever affecting the purchasers or any of them. The carriages used shall have broad wheels, and the usual roads shall not be deviated from but with the consent of the vendor or his agent. VIII. If any purchaser shall refuse or neglect to comply with ^™™'°"^ the foregoing conditions, or attempt to remove any of the said f^g^~ timber from off the lands and premises before the purchase p?^oL'""' money is paid or security given as aforesaid, then the deposit <=™'ii''™''- money shall be forfeited to the vendor, who shall be at liberty by himself or his agent to follow and stop the timber wherever it may be found, and to resell the same by public auction or private contract, and the deficiency, if any, together with all expenses attending the same, shall be made good by the de- faulter or defaulters at this present sale, and be recoverable as and for liquidated damages, but any increase of price shall belong to the, vendor. Digitized by Microsoft® 56 CONDITIONS OF SALE. AS TO COMMENCE- MENT OF TITLE. No. X. SPECIAL CONDITIONS as to Commencement and Evidence of Title. I. The title to lot ■ shall commence with a general devise — , who died in the year , and "With inden- tures of lease and release, With iuclosure award. Title to commence . .ii c with general contained in the Will 01 the purchaser shall assume that the testator was, at the date of his will, and from thence to the time of his death, seised in fee simple of the said lot, and shall not require the production of, or investigate or make any objection in respect of the prior title to the said lot, whether such prior title is or is not referred to in any abstracted docunient. II. The title to lot shall commence with indentures of lease and release, dated , and the purchaser shall not require the production of, or investigate or make any objection in respect of the prior title thereto, whether such prior title is or is not referred to in any abstracted document. III. The title to lot shall commence with the inclosure award, dated, &c., under which the same was allotted to , and the purchaser shall not be entitled to call for the production of, or to investigate or make any objection in respect of the title to the property, in respect of which such allotment was made, and such award shall be deemed conclusive evidence of the title to and tenure of the said allotment, and the validity and regularity of the award in all respects shall be presumed. IV. The title to lot shall commence with the in- closure award dated under which the same was allotted to in exchange for other land, and the purchaser shall not be entitled to call for, or investigate, or make any objection in respect of the prior title to the said lot, or the title to the land given in exchange for the same, and the validity and regularity . of the said award in all respects shall be presumed. V. Lots and appear in a terrier and map annexed to the inclosure award dated , and are therein men- tioned to be old enclosures belonging to . Such terrier and map shall be deemed sufficient evidence of the seisin in fee simple of the said ; and no earlier title to the said lots shall be required. With ex- change under in- closure award. With state- ment in inclosure award. Digitized by Microsoft® CONDITIONS OF SALE. 57 AS TO COMMENCE- MENT OF TITLE. VI. Where any part of the property appears on the abstract to Lave been purchased from the Commissioners under an Inclosure Act, the purchaser shall presume that the provisions pj.eg„„p. and directions of the Act in relation to the sale by the Com- *e™C% of missioners, and payment of the purchase-money, and also in *™'*- relation to the making of the said property tithe free, have been duly complied with. VII. The vendors shall not be required to produce or show commence- _ '■ ^ raent of the title to any lands taken in exchange by deed, or under any title as to •^ o J ' J exchanges Act of Parliament or award anterior to the deed, Act of Parlia- ™'' ?"°*- ' meiits. ment, or award, by or under which such exchanges or awards were made, or to call for the production or to make any objection in respect of the title to the property given in exchange, and no evidence of the requisite consents to any such exchanges shall be called for or required ; and as to allotments under any inclosure award, the title shall commence with the award, and the purchaser shall not be entitled to call for the production or to make any objection on account of the title to the property in respect of which such allotments or award may have been made, and such award shall be considered as conclusive evidence of the title to and tenure of such allotments, and the validity and regularity of such award shall in all respects be presumed. VIII. The title shall commence with the existing lease of the '"'*'^ '" o commence property, and the purchaser shall not inquire into the lessor's '"'■'' '^**°- title, or make any objection in respect of the same, or require the production of, or make any objection in respect of any lease or leases, which may appear to have been surrendered for the purpose of renewal ; nor shall he be entitled to any other evidence of the rent reserved by the lease having been paid, or the covenants and conditions therein contained having been performed up to the completion of the purchase, than the receipt for the last payment of rent which shall have become due. The nature of such covenants and conditions may be ascertained by a perusal of the lease, or an abstract, or a copy thereof, which will be produced at the sale. IX. The property is held under a lease dated , and ^^^^'J^^- (after divers mesne assignments) was assigned to the vendor in *^^*^^^- the year 18—. The title shall consist of the original lease, and of the assignment to the vendor, and the purchaser shall not re- quire the production of the mesne assignments, or any of them. X As to lot , which was formerly copyhold, and has Titietocn- 1 in !_ j.*xl J i. franchiseil lately been enfranchised, the purchaser shall not be entitled to copyholds. Digitized by Microsoft® 58 CONDITIONS OF SALE. AS TO COMMENCE- MENT OF TITLE. .call for the prdduction of the title of the lord by whom the same was fxpressed to be enfranchised, nor to make any objection on account of the same, and it shall be assumed that he had abso- lute authority to make such enfranchisement. Astotitieto XI. The title shall commence with an indenture of the adTOile ^^y °-^ ' ■'^l^^i's^y *^® property was demised for 500 years poBseasion. \,y y^ay of mortgage. The vendors have been in uninterrupted possession of the property since the date of a certain indenture of the day of — — (whereby the property and the moneys thereupon secured were transferred to them), without having made any intermediate acknowledgment of the title of the mortgagor or his right of redemption, and under these circum- stances it shall be assumed by the purchaser that the vendors are absolutely entitled to the premises for the residue of the said term of 500 years, absolutely discharged from all equity of redemption ; and the purchaser shall not be entitled to require any other evidence of the above facts than a statutory declaration by the vendors to the effect above mentioned. Title to com- XII. The title shall commence with an indenture of lease lease and dated the day of , whereby A. B. demised the property fee. to C. D. for 80 years, on the terms therein mentioned ; and the title to the reversion in fee expectant on the said lease shall commence with an indenture dated the day of , whereby E. F. conveyed such reversion ia fee to G. H. ; and the pur- chaser shall not be entitled to require the production of the contract in pursuance of which it is stated in the said lease that the same was granted ; and it shall be assumed that the said A. B. had at the date of the first mentioned indenture ample power to grant such lease, and that the said E. E. had at the date of the last mentioned indenture ample power to dispose of such reversion in fee as aforesaid. Declaration XIII. The Vendor sliall not be required to show any title to lot , or any evidence or explanation thereof, other than a statutory declaration from an old inhabitant in the parish in which the property is situate to the effect that the father of the vendor, who died intestate more than thirty years since, was in possession of the last mentioned lot at the time of his decease, and also a counterpart of the lease under which the present tenant has held the said lot for more than twenty years of the present vendor. Kiants XIV. The vendor shall not be required to produce copies of as to pos- from Crown. any grants from the Crown. Digitized by Microsoft® CONDITIONS OF SALE. 59 COMMENCE- MENT OP TITLE. XV. The vendor shall not be required to produce or give any ^^^, abstract or evidence of the nature or contents of any deed, -will, or instrument not in his possession, which may be recited or vendor not noticed in any of the abstracted deeds dated twenty years ago JecSed''"^ or upwards, other than shall appear therein. ''"^''^• XVI. The title to the advowson shall commence with an ™^ *" advowson. indenture dated , and as there have been three presen- tations since the date of the said indenture, the purchaser shall be satisfied with the title commencing as above, notwithstanding it does not cover three entire incumbencies. XVII. The title to the several gi-ound-rents shall commence Title to " ^ ground with counterparts of the several documents by which the same '""nts. were respectively granted or reserved, and no purchaser shall be entitled to call for the originals of those documents, or for the production of, or to investigate or make any objection on account of the prior title to the several properties out of which such rents were respectively made payable by those documents ; and no evidence shall be required of the identity of such properties respectively with the properties out of which the said rents respectively are represented in the particulars to be payable. XVIII. The counterparts of the deeds and leases by which pfl^^^f.^^^ the freehold and other ground-i'ents comprised in the particulars J.^"^*)^'"' were created are the only evidence which will be supplied of the creation of such rents or of the remedies for securing the payment thereof, and no objection shall be taken on account of the manner or form in which the freehold ground-rents were originally granted or reserved. XIX. The property is sold subject to a fee-farm rent of £5 where pro- r r J ** perty is aold created by an indenture dated , and to covenants and subject to ^ i66~ijirni conditions contained in the same indenture as to buildmgs and rent, otherwise, the nature of which covenants and conditions may be ascertained by an inspection of the said indenture, or a copy or abstract thereof, which will be produced at the sale. The receipt for the last payment of rent which shall have become due prior to the completion of the purchase shall be accepted by the purchaser as conclusive evidence of the performance of the covenants and conditions up to the completion of the purchase. XX. About an acre of ground, part of lot , was acquired ^,^^1 by the vendor under an agreement for exchange made in the exchange. year with A. B., and has been in the possession of the vendor since that time, but no conveyance has been made to Digitized by Microsoft® 60 CONDITIONS OF SALE. AS TO COMMENCE- him for completing such exchange, and A. B. is now dead, "™°'' leaving an infant heir, . The vendor shall not be required to procure a conveyance of the said land, or to furnish any title thereto, or to the land given by him in exchange for the same, other than the aforesaid agreement. Declaration XXI. The declaration with which the vendor on the occasion as to pedi- net j • r gree, kc. of Hs purchase was supphed m proof of the pedigree oi identity, and of various other circumstances connected with the title, shall be accepted by the purchaser as conclusive evidence of the matters therein stated and declared. Evidence as XXII. As to lot , the purchaser shall assume the due tion Ota payment and satisfaction of a legacy of £ , charged thereon particular f •' , .•,,„„ , ,. i , legacy. by the Will of a former owner, who died more than years ago, and which became payable on his death, but for which no receipt or release can be produced. Evidence as XXIII. The vondor shall not be required to produce the tion of receipt for, or any other evidence of, the satisfaction of any generauy. pecuniary legacy bequeathed by the will of , who died more than twenty years since, and the payment of which respectively is not thereby postponed, and at this distance of time it shall be assumed that every such legacy has been satisfied. Evidence as XXIV. The purchaser shall not require evidence of the pay- or charges, ment of any legacy or sum of money charged on the estate by any will or other document, and which became payable more than twenty years ago. As to deed XXV. As to a Certain indenture dated the day of , executed by J > attorney, and which was executed by the attorney of the vendor on that occasion, it shall be assumed by the purchaser that the principal was then alive. As to satis- XXVI. The purchaser shall not be entitled to any other faction of . , »•..«. '^ mortgage, evidoncc ot the satisfaction of a mortgage dated the day of than the fact that the mortgage deed is now in the possession of the vendor, and a statutory declaration by him to the effect that the mortgage deed has been in his possession during the last years, and that no claim has ever been made upon him for principal or interest under the same. absence ot XXVII. The purchaser shall make no objection on the SceTpt.'* ground that no receipt for the consideration money is indorsed on a certain indenture dated , the receipt thereof being duly acknowledged in the body of the deed. XXVIII. It shall be assumed that every former owner of any part of the property whose widow (if any) would have been Digitized by Microsoft® As to dower. CONDITIONS OF SALE. 61 entitled to dower or free bench, and is not mentioned in the *« ™ title, did not leave a widow. ment of^ XXIX. The title to the property being well known in the r '^ — neighbourhood, no purchaser shall require any other evidence "onsistV of such title than the conveyance of the lot or lots purchased *° ^eud™!:'' by him to the present vendor. XXX. Thb re-conveyance or re-assignment of any legal estate presump- by any trustee or mortgagee shall be presumed, where the period fZ%lnce of thirty years shall have elapsed from the last conveyance or tlw^^ assignment thereof, and where no mention shall be made in any of the subsequent deeds of such legal estate being outstanding. XXXI. There being in a covenant against incumbrances Determina- contained in a deed dated an exception of two leases te™ef to be determinable on the lives of A. B. and C. D., no evidence shall """^"^ be required of the determination of these leases, nothing being now known by the vendor concerning the same or either of them. No. XI. CONDITIONS as to Title Deeds, Attested Copies, dc as to title DEEDS, ATTESTED I. Such of the muniments of title as relate to more than copies, &c. one lot shall be delivered to the purchaser of the largest part custody A or and cove- in value of the lots to which the same relate, if all such lots "^"t^ f" ' production shall be sold, and he shall enter into the usual covenants with »' d?.eviea. over to him attested copies only of the former deeds in substi- tution of the deeds themselves, accompanied, however, with a covenant for the production of the originals. The deeds have since passed into a custody from which the vendors are advised their production cannot be enforced. The vendors will apprise the purchaser of the depositary, but they shall not be bound to take any steps to enforce production, and if the purchaser be unable to procure the production of the deeds, he shall accept the title on the evidence of the attested copies. VII. Inasmuch as certain indentures of lease and release, Lostinden- dated respectively the and days of , whereby lot -was conveyed to the vendor, are lost, and can nowhere be found after a diligent search for the same, the purchaser shall be satisfied with the plain copies of those indentures which the vendor has in his possession, and it shall be assumed that such indentures respectively were duly executed and attested. Digitized by Microsoft® tares. 64 CONDITTONS OF SALE. No. XII. AJ5 TO CONDITIONS as to Description of Property and DESCRIPTION ^ AND Identity, IDENTITY. The descrip- I. All the lots are believed, and shall be taken to be cor- tion of pro- , , , , , , . petty to be rectly described in the particulars, as to quantity and otherwise, correct. and are sold subject to all chief or quit rents, rights of way and other easements (if any) affecting the same ; and if any error, misstatement, or omission in the particulars be dis- covered, the same shall not annul the sale ; nor shall any com- pensation be allowed by the vendor or the purchaser in respect thereof. As to il- No purchaser shall be entitled to require any further or fcSntity! °' other evidence of the identity of the lot or lots purchased by him with the property described in the abstracted documents than is afforded by a comparison of the descriptions in the particulars, and in the abstracted documents respectively, and a statutory declaration (to be made and obtained at the expense of the purchaser requiring the same) that the purchased pro- perty has been held consistently with the title shown during the last twenty years. Another HI. The vondors shall not be required to identify or connect any of the lands comprised in the particulars, with the general or other descriptions contained in any of the deeds or other documents of title, nor to account for the quantity or abuttals of any lot, or part of a lot varying from the quantity or abuttals stated in any such deeds or documents. Another IV. In conscquence of various alterations which have been made by the removal of fences, by laying various fields together, by inclosures, and other circumstances, the property is now, in many instances, described by names and quantities differing from those by which the same is described in the ancient documents of title, and the vendors shall not be required to identify the property with the ancient descriptions as contained in such documents. Another Y. The descriptions contained in the title deeds and other documents abstracted shall be taken to comprise the respective lots, and no evidence of identity shall be required beyond such Digitized by Microsoft® form. form. CONBITIONS OF SALE. 65 Afl TO DESCRIPTION AND IDENTITr. as is afforded by the descriptions in tbe deeds, and the vendors shall not be required to explain or reconcile any apparent differences or discrepancies in the descriptions contained in the abstracts. The several lots are sold subject to the estates and intei'ests of tenaats, whether by lease or otherwise. VI. Every purchaser shall admit the identity of the pro- Another perty purchased by him, with that comprised in the abstracted muniments upon the evidence afforded by a comparison of the descriptions in the particulars and muniments, and by a decla- ration to be made and obtained (if required) at the purchaser's expense, that the purchased property has been enjoyed accord- ing to the title for twenty years, unless where the title is limited to commence from a later date, when such declaration shall be limited to the date at which the title commences, and by the maps and terriers in cases in which evidence is afforded by parochial inclosure or other maps. VII. The vendors shall not be required to identify or dis- vcudor ^ "^ nut to tto tinguish the copyhold parts of any lot from the freehold parts requiiwi t.. thereof, nor the copyhold parts held under one manor from tenures. those holden under any other manor ; and in case any lot is held under more than one title, the vendors shall not be required to distinguish or point out the parts held under each title. No. XIII. CONDITIONS as to Tithes (x), Land Tax, Appobtionment as to ^ ' TITHES, of Eents and Outgoings. land-tax, "' APPORTION- MENT, &e I All the lots having been declared to be tithe free by the 1 n i_ • ii. Evidence oi inclosure award, the purchasers shall not require any other land being tithe fr66 title to, or proof of the exemption of the lots from tithe, than the production of the said award. II. The purchasers shall require no other evidence that the An^'>™ several lots are tithe free, than a declaratiou by the vendor that no tithes, or rent-charge in lieu of tithes, have been paid for the same for twenty years prior to the day of sale. (x) Where a vendor is owner of lands, and of the tithes issuing out of them, but the tithes have not been merged, the paiticulars ought not to state the lands as tithe free. VOL. I. Digitized by Microsoft® ^J6 CONDITIONS OF SALE. mIhes, III- The purchasers shall require no other evidence that A^^n^^v. the land tax on the several lots has been redeemed, than a APPORTION- ""'"• ^"^ declaration that no land tax is charged thereon in the parochial SSion assessments, redemption "-""""""^^^ «"• of land-tax. jY_ ijjjj, j^^^g ^^.g g^^^j^ subject to the existing tenancies; and ment of as to such lot or lots as are in tenancy with other property at an entire rent or rents, the same shall be apportioned among such lots and other property as specified in the particulars, and every such apportionment shall be conclusive, and the tenant shall not be required in any case to consent to or concur in such apportionment. .'s toappor- V. Lots 1 and 2 being subject to a lease at the entire rent rent on sale of £ , the sum of £ shall be the apportioned rent for ' lot 1, and the sum of £ shall be the apportioned rent for lot 2, and the purchasers shall enter into mutual covenants at their own expense to secure to each his proportion of the said rent, but the tenant shall not be required to' concur in or assent to such apportionment. Apportion- VI. Lots 1 and 2 being held under one lease, at the entire on sale of rent of £ , the sum of £ shall be the apportioned rent for lot 1, and the sum of £ shall be the apportioned rent for lot 2 ; and the purchasers of the said lots shall, at their own expense, enter into mutual covenants for the payment of their respective proportions of the said rent. leaseholds. Apportion- VII. The purchaser of the largest lot in value shall take an ment of . n i i it n rents and assignment of the lease, and shall execute to the other pur- covenants ^ 'riTl IT by way of chasers under-leases of the lots purchased by them respectivelv. underlease."? ^ , ^ »' r j for the remainder of the said term (wanting ten days), subject to the rent of £ in respect of each of such lots ; and by such under-leases each purchaser shall be indemnified against the payment or observance of any portion of the rent or covenants mentioned in the lease, except the rent and cove- nants to be paid and performed in respect of his particular lot, and shall covenant for the payment of his proportion of the said rent and covenants. If any lot shall remain unsold, the vendor shall stand in the place of the purchaser of the largest lot in value for the purposes of this condition. Every instrument to be executed under this condition shall be pre- pared by and at the expense of the respective purchasers, who shall also execute at their own expense counterparts of their leases. Apportion- VIII. In all cases where an entire sum for land-tax, rent- Digitized by Microsoft® CONDITIONS OF SALE. 67 charge in lieu of tithes, or other outgoings, is payable in respect ^J^_ of the lands comprised in two or more lots, the same shall be "poetwn- apportioned amongst such several lots at the sums mentioned ™'''^' ^' in the particulars at the foot of each lot respectively ; and such ™nS-tox apportionment shall be accepted by and binding upon the re- Utig^^ spective purchasers ; and anything that may be requisite to be done or executed, for giving effect to such apportionment, shall be at the cost of the purchaser requiring the same ; but the completion of any purchase shall not be delayed on account of any such requisition. IX. The whole of the property comprised in the particulars, Apportion- together with other property of the vendor not included in this ^"JJP^*^^^ ^ sale, is subject to a perpetual yearly rent-charge of £ . jf,°^^p°"* Each of the lots shall be held subject to such proportion of the J^^"]* said rent-charge as is specified in the particulars, and each pur- ^^^^^°^_ chaser shall enter into a covenant with the other purchasers and with the vendor for the payment of the covenantor's proportion of the rent-charge, and to indemnify them respectively against the same, and shall also grant to them respectively powers of distress and entry upon the lot or lots so purchased by the covenantor for better securing such indemnity. If any of the lots shall not be sold, the vendor shall for the purpose of this condition stand in the place of the purchaser of such lot or lots respectively. The residue of the rent-charge shall re- main exclusively charged on the property retained by the vendor, and he shall in respect thereof enter into similar covenants with the several purchasers, and grant to them similar powers of distress and entry. Every deed of covenant and grant under this condition shall be prepared by and at the expense of the covenantee. The receipt for the last payment of the said rent-charge due prior to the day of sale, shall be accepted as conclusive evidence that all the covenants and conditions contained in the indenture creating the said rent- charge, and on the part of the grantee to be observed and performed, have been duly observed and performed up to the day of sale. X. The dwelling-house now offered for sale, is one of four 2^^^_' dwelling-houses granted by a deed dated, &c., in consideration j-^^-j^^ ^5;^ of a pei-petual rent of £4 thereby reserved, and subject to cer- ^^J tain covenants and conditions therein contained with respect to r™t^i'^«- buildings and otherwise, the nature of which covenants and conditions may be ascertained by an inspection of the deed T 2 Digitized by Microsoft® 68 CONDITIONS OF SALE. AS TO TITHEU, MENT, &C. at any time prior to the completion of the purchase. This Ap'^oKnoN- dwelling-house was afterwards conveyed to the vendor sub- . ject to a yearly sum of £1, part of the said rent-charge, and to the aforesaid covenants and conditions, so far as the same related to the said dwelling-house : and mutual covenants were entered into for indemnifying each party from the pay- ment of the rent, and from the observance of the covenants ■which ought to be paid and observed respectively by the other party. The present sale is made on the footing of the above arrangement. No. XIV. ndImnity . CONDITIONS as to Indemnity against Charges. CHARGES. I. Lot is subject to an annual payment of £ to the Vendor's poot of L , which is also charged on other estates of con- bond to be in indemnity siderable value. ihe purchaser shall accept the vendor s bond ^annual pay- as a Sufficient indemnity against the aforesaid annual payment, such bond to be prepared by and at the expense of the purchaser. Mstobond ■'•■'■• ^^"^ ^^ subject to an annual payment of £ to nity't™" *^® V°°^ of ^ ' which is also charged on other estates in the purchaser, game parish. Upon the occasion of the purchase of the said lot by the late A. B., in the year 18 — , the then vendor gave to him a bond of indemnity against the aforesaid annual pay- ment. The present vendors being the executors and trustees of the will of the said A. B., will assign the said bond to the purchaser, who shall accept the same as a sufficient indemnity. The assignment to be prepared by and at the expense of the purchaser. Part of the III. The property offered for sale is charged with a sum of money to be £2000, which will become payable to a son of the vendor, now sot apart to i.i, i • , , • • ■, „ answer aged eighteen years, upon his attaining the_age of twenty-one years, or upon the death of the vendor (which shall last happen). The vendor will ' enter into a covenant with the purchaser to satisfy the charge when it shall become payable, and to indem- nify the purchaser therefrom, and will also set apart a sum of Digitized by Microsoft® CONDITIONS OF SALE. 69 £2000 out of the purchase-money and invest it in Consols in ^ ™ ■*■ •' INDEMNir the names of two trustees, one to be nominated by the vendor, ^ga'^^t and the other by the purchaser, upon proper trusts for the same ' purpose. The purchaser shall accept such covenant and decla- ration of trust as a sufficient indemnity against the said charge, and the deed or deeds containing the same shall be prepared by - and at his expense. IV. The property hereby offered for sale is, with other pro- indemnity perty, charged with a jointure of £ , payable to the vendor's jointme and wife, if she survives him, and with £ , for the portions of his children, who are at present infants. The vendor will con- vey to two trustees, one of whom shall be nominated by himself, and the other by the purchaser, tbe remaining property, subject to these charges, upon proper trusts for raising the same out of such remaining property, in exoneration of the property hereby offered for sale, and will also furnish to the purchaser a statutory declaration by a competent land valuer, to the effect that such remaining property is worth at least £ . The purchaser shall accept such conveyance in trust and declaration as a suffi- cient indemnity against the charges. V. The property comprised in the particulars is subject, Purchaser tosfether with other estates, to an annuity of £ , for the life Hed with . , 1 , , 1 /■ indemnity -of A. B. By an mdenture, dated the day of the "f other •' . , . lands vendor demised certain property not comprised in the par- against ticulars (which is also subject to such annuity) to two trustees, for 600 years, upon the trusts and under the powers therein mentioned, to the intent that the same might be an indemnity to the several purchasers and proprietors of all the remainder of the property of the vendor which might be liable to such annuity from the payment thereof The lands so appropriated are of ample value for the purpose of such exoneration, and the purchaser shall not be entitled to make any objection on account of the existence of the annuity, or to inquire into the title thereto, or to require any further or additional indemnity to be given against the same, except (if required) the personal covenant of the vendor for this purpose, to be prepared by and at the expense of the purchaser, or to require the concurrence of the annuitant ; but the purchaser shall be entitled at his own expense, to a covenant from the trustees of the said in- denture, in a form appropriate to persons acting in this capacity, for the production of such indenture. VI. Lots and are, with other propertj^, charged Astu Digitized by Microsoft® 70 CONDITIONS OF SALE. AS TO INDEMNITY AGAINST CHABOES. indemnity annuity and gross sum. As to indemnity against an- nual sums. with an annuity of £ -, payable to A. B., during the widow- hood of C. B., hei- mother, and a sum of £ , .payable to A. B., on the death or marriage of the said C. B., and the con- currence of the said A. B. in the conveyance to the purchasers cannot be obtained. A sum of £ has been invested upon mortgage of certain hereditaments in the names of the vendors for the purpose of indemnifying the several purchasers or pro- prietors of the several hereditaments subject to the aforesaid charges, and proper trusts in that behalf have been declared of the same. The purchasers shall be satisfied with this indemnity and the production of the deed declaring the trusts of the indemnity fund, of which they may have a copy at their own expense. The vendors have taken the usual powers of altering or varying the securities for others of a like nature, and the purchasers shall not be entitled to inquire into the value of or title to the original or any substituted securities. VII. Thk several annual sums of £ and £ , subject to which lots and respectively are in the particulars mentioned to be sold, are charged upon lands comprised in such lots respectively, together with lands of less value comprised in other lots, which are intended to be sold free therefrom. The several purchasers of lots and shall enter into cove- nants with the purchasers of the said other lots, for the payment of the said annual sums ; which covenants shall be prepared by and at the expense of the covenantees, and shall be accepted by them as a sufficient indemnity against the said annual sums respectively. MIBCEL- LAME0U8. Special metliod of selling by auction. No. XV. MISCELLANEOUS CONDITIONS. I. Thk vendors reserve to themselves the liberty of offering the premises for sale either in one lot or in the several lots specified in the particulars, or of offering for sale any two or more of such lots together, and after having tried any of the aforesaid methods of sale, of offering the premises for sale Digitized by Microsoft® CONDITIONS OF SALE. 71 according to any other of the said methods, as they shall think ^Jf™^ proper ; and in every case each bidder must abide by hir, bidding, and the highest bidder, according to the method of sale ultimately adopted in any case, shall be the purchaser. II. All the lots are sold subject to existing tenancies, and That lots to all rights of way and other easements (if any) affecting the subject to tenancies, same. rights of way, &c III. The tenant's fixtures shall be paid for by the purchaser Fixtures to . J 1 be valued. at a valuation, to be made by two indifferent persons, or their umpire, to be appointed in the same manner as the referees, or their umpire mentioned in the condition. IV. One of the vendors, the owner of one undivided sixth as to one of the vendors part of the property offered for sale, being an infant aged Mug an eighteen years, the other vendors will covenant with the pur- chasers for the confirmation of the sale by the infant when he shall attain the age of twenty-one years ; and in the mean- time one-sixth of the purchase-money shall be set apart and invested in Consols in the names of two trustees, one to be nominated by the vendors and the other to be nominated by the purchaser, upon trust for the infant if he shall confirm the sale upon attaining twenty-one, and if not, then upon trust for the purchaser ; and the dividends of the stock shall in the mean- time be accumulated, and follow the ultimate destination of the principal stock. V. The vendors, being a tenant for life (aged years), SMccssion and remainder -man, the purchaser shall take the property subject to the succession duty, which will become payable upon the death of the tenant for life (y). VI. The purchaser shall make no objection on the ground ^^*"°'®"' that a certain indenture of mortgage, dated , is insuffi- ciently stamped, and shall not require any further stamp duty to be paid thereon. VTT Wheeever in any document there is an exception of as to ex- T j.i. fiiijji. J ^ 1 1 . 1 11 1 cepticns in any hereditaments which have been previously sold, it shall be documents. (ii) Where land is sold by a tenant for life and remainder-man, it is con- succession sidered that in the absence of special stipulation the purchaser is entitled ^"^^n^*'" to require that the succession duty, which will become payable on the death for life ami of the tenant for Ufe, shall be compounded for by the vendors in advance remainder under sect. 41 of the Succession Duties Act (16 & 17 Vict. c. 51). See '"*°- 1 Dart v. & P. 543, fourth edition, p. 2. It seems desirable to throw the burden on the purchaser. See observations on the subject in a note to " Agreements," Precedent No. 99, infra. Digitized by Microsoft® 72 CONDITIONS OF SALE. MISCEL- LANEOUS. assumed that such excepted hereditaments did not include any part of the property compirised in the particulars. stamps. VIII. If any deeds or documents shall be found to be un- stamped or insufficiently stamped, which, however, is not known to be the case, no objection or requisition shall be made on that account. Digitized by Microsoft® AGKEEMENTS. By the Statute of Frauds (a), it is enacted, that no "/Statute action shall be brought whereby to charge any person ^''^^',™ j** upon any contract or sale of lands, tenements, or here- *« .^? '■» ditaments, or interest m or concerning them, unless ?iP'«"5'. 1*1 1 • 11111 1 the party to the agreement upon which such action shall be brought, Jj^^^^^'j^'t or some memorandum thereof, shall be in writing, and signed by the party to be charged therewith, or some other person thereunto by him lawfully authorised (&). It is proposed in this Dissertation to consider, I. What is an interest in or concerning lands within the statute. II. What is necessary to constitute a binding contract. III. The effect of part performance to take a contract out of the statute ; and, IV. Some of the consequences arising from a contract. I. What is an interest in or concerning lands within the statute. Whatever property would upon the death of an what pro- owner of land go to his executors as emblements is not w1twn"the within the statute. Upon this principle it has been ^ decided that the statute does not apply to an agree- ment for the sale of growing crops of potatoes (c), as to grow- turnips {d), wheat or barley (e), and it is immaterial whether the crops are to be gathered by the vendor or the purchaser. But a growing crop of grass to be (a) 29 Car. 2, o. 3, sec. 4. Selw. 205. (6) See Smitli v. Webster, L. R. (d) Dunne v. Ferguson, Hayes, CD. 49. 540. (c) Parker v. Staniland, 11 East, (e) Jones v. Flint, 10 Ad. & Ell. 362; Evans v. Roberts, 5 B. & C. 753 ; Mayfield «. Wadsley, 3 B. & 829 ; Warwick v. Bruce, 2 Mau. & C. 357. Digitized by Microsoft® ing crops. 74 AGREEMENTS. S'friSt mown and made into hay by the purchaser (/), stand- ing timber or underwood to be cut by the purchaser {g), or growing fruit (h), being property which would pass to the heir, has been held to be within the statute. But it appears that a contract for sale of growing timber to be removed by the vendor is not a contract within the 4th section of the Statute of Frauds (i). Tenant's A teuaut's fixtures may be sold by parol agree- fixtures. J / 7 \ •/ i. o ment [k). Agre^ent Although by soc. 2 of the Statute of Frauds a lease for any term not exceeding three years where the re- served rent amounts to two-thirds at least of the improved value may be made by parol, an agreement for the sale of such a lease must be in writing (l). Shares in Shares in a mining company worked on the cost- railway booK pnuciple (m), and shares m a railway company oompames. .,■'• i;i i n -r>.i ai/\ made personal estate by the Kail way Act {n), are not within the statute. Apement Au entire agreement for the sale of property, of where part ^ ' t i - -t* i ir r J ' of property which Only part is within the statute, cannot be IS within the iii n i i-i- • -, • statute. supported as to that part which is not withm the statute (o). What con- II. What is necessary to constitute a binding contract contiaet. witMn the statute. Signature of The party to be charged must sign the agreement, agreement, gj^j^ej. persouaUy or by some other person by bim law- fully authorised. For the purposes of the 4th section it is sufficient that the agent should be appointed by parol, although for the purposes of the 1st section the appointment must be by writing. The 1st section relates to (/) Crosby v. Wadsworth, 6 East, & R. 266 ; Lee v. Gaskell, L. R 1 602. Q. B. D. 700. (g) Scorell v. Boxall, 1 Y. & J. (Q Barrett v. Rolpli, 14 M. & W 396. 348. (h) Rodwell v. Phillips, 9 M. & (m) Watson v. Spratley, 10 Exch W. 501. 22 ; Powell i). Jessop, 18 C. B. 336. (i) Marshall v. Green, L. R. C. (») Duncufl v. Albrecht, 12 Sim P. D. 35. But see Smith i).Surman, 189. 9 B. & C. 829. (o) Sug.V. & P. 102, and " Qc) Hallen v. Runder, 1 Cro. M. there cited. Digitized by Microsoft® cases AGREEMENTS. 75 instruments less executory in their character than agreements. An agent for the sale or purchase of property can- Authority of not bind his principal beyond the authority given ^™*' him {p), and in particular an agent for sale cannot bind the vendor by .entering into an open contract for sale (q) ; and the agency may be revoked by the prin- cipal at any time before the agreement is signed (r). The whole agreement is required to be in writing, Tiie whole so that the document, whether it be a letter or more must be in formal memorandum, must in itself embody the whole terms of the contract, or refer to some writing, condi- tions, particulars of sale, or other papers which do (s). Where the memorandum signed by the party to be charged refers to another document, it may be proved by parol evidence that a certain document is the one referred to (t). A signature at the beginning of the agreement is a '^"M'^ * sufficient signing to take it out of the statute ; as when signing. a person drew up an agreement in his own handwriting beginning " I, A. B., agree," &c., and left a place for a signature at the bottom but never signed it, it was con- sidered to be a memorandum in writing within the statute (u). But in the case of articles of agreement containing the terms of a contract, and purporting to be made between certain persons whose names were stated at the commencement, and ending with "As witness our hands," without being followed by any name or signature, it was decided that there was not a sufficient signing within the statute (x). So the altera- tion of a draft conveyance will not take the case out of the statute (y). (p) Olding V. Smith, 16 Jur. 497 ; staff v. Nicholson, 25 Beav. 160 ; Chinnock v. Marchioness of Ely, 11 Ridgway v. Wharton, 6 Ho. of L. C. Jut. 329. 38. (y) Hamer v. Sharp, L. R. 19 Eq. (*) Moms v. WUson, 5 Jut. N. S. 108. 168. Dart, 173. (u) Esp. N. P. Cas. 190 ; Saim- Wl Mai Allen V. Bennet, 3 Taunt. derson v. Jackson, 2 Bos. & Pul. 169'; Dobell v. Hutchinson, 3 Ad. 238 ; Bleakley v. Smith, 11 Sim. & Ell. 355 ; Laythoarp v. Bryant, 150. 2 Bing. N. C. 735 ; CUnan v. Cooke, (x) Hubert v. Treheme, 3 Man. 1 Scho. & Lef. 22 ; Powell v. Dil- & G. 743. Ion, 2 Ball & B. 416 ; Warner v. (y) Hawkins v. Holmes, 1 P. Wms. Willington, 3 Drew. 523; Lang- 770. Digitized by Microsoft® 76 AGREEMENTS. Sales V Sales by auction are within the statute. The auc- witwn tioneer in such cases is held to be agent both for the vendor and purchaser (z) ; and his signature of the name of the highest bidder is sufficient to satisfy the requisitions of the statute. If the highest bidder is only an agent, the signature by the auctioneer of the agent's name will be binding on the principal (a). The receipt of the vendor, or, in the case of an auc- tion, of the auctioneer, for the purchase-money or deposit, or the entry by the auctioneer of the account of the sale in his books, is sufficient ; but a receipt for a deposit, in order that it should amount to an agree- ment, must expressly or by reference state the price, or what proportion the deposit bears to the price (6). Where a contract in writing exists which binds one party to a contract, any subsequent note in writing signed by the other is sufficient to bind him, provided it either contains in itself the terms of the contract or refers to any writing which contains them (c). whenietters Letters, as might be suppos^, may constitute a suffi- moSt'^^" cient agreement within the statute, provided they con- tain the names of the parties, the amount and nature of the consideration to be paid on one side and received on the other, and a reasonable description of the sub- ject matter of the contract. A letter is binding on the writer from the time at which it is posted (d), although it may not be received until the following day (e) ; and if the writer requires that his offer should be accepted by a particular day, the acceptance of the offer will be binding on him, although he may not receive it until some time after the day specified, in case the delay has been occa- sioned by the Post Office, or by the misdirection of the letter (/). The answer to the written offer must be a simple acceptance of the' terms proposed, without the intro- (z) SiTg. V. & P. 119. (c) DobeU v. Hutchinson, 3 Ad. (a) White v. Proctor, 4 Taunt. & Ell. 355. 209 ; Kenworthy v. Schofield, 2 B. (d) Kennedy v. Lee, 3 Mer. 441 ; & C. 945. Thomas v. Blackman, 1 Col. 301. (b) Blagden v. Bradhear, 12 Ves. (e) Potter v. Sanders, 6 Hare, 1. 466 ; Emerson v. Heelis, 2 Taunt. (/) Adams v. Lindsell, 1 B. & 38 ; Goahell v. Archer, 2 Ad. & Ell. Aid. 681. 600 ; Clerk v. Wright, 1 Atk. 12. Digitized by Microsoft® AGREEMENTS. ^ T7 duction of any new or different term (g) ; and if the proposal is once refused, it cannot afterwards be revived by tendering a simple acceptance of it (h). If the letter requires the other party to supply a term in the agreement, there must be a special accept- ance in writing containing that term (^). An owner having made a written offer to sell, may offer may at any time before acceptance retract the offer, or add ^'t """ new terms to it (A;). If an agreement for sale is entered into by letters or otherwise, containing all the necessary terms, so as to' satisfy the Statute of Frauds, such an agreement is binding, although it may contain a provision that a more formal agreement is to be prepared and signed by both parties (?). But if an offer to purchase is made, and such offer is accepted subject to a provision as to a contract, then the stipulation as to the contract is a term and condition of the acceptance, and there is no agreement independent of that stipulation (m). A notice given by a railway company to treat with f°^pl^/ia a landlord for the purchase of land for the purposes of treat^with their Act constitutes, as between the landowner and ™iatii'n^/ the company, the relation of vendor and purchaser to a ™";!^L™'' certain extent and for certain purposes ; and some of ^^^»' the consequences which flow from an actual contract also follow upon the notice to treat, such as, that the particular lands which the company are to take and the landowner to give up after certain steps prescribed by the Act shall have been taken, are fixed, and neither party can get rid of the obligation, the one to take, and the other to give up, such lands, but in no other sense and to no further extent does the notice constitute a contract, at least on the part of the landowner (?z). (a) Holland v. Eyre, 2 Sim. & of Ely, 4 D. J. & S. 638 ; Eossiter Stu. 194. V. Miller, L. R. 5, C. D. 648 ; Cross- (h) Hyde v. Wrench, 3 Beav. 334. ley v. Maycock, L. E. 18 Eq. 180 ; (i) Boys V. Ayerst, 6 Madd. 316. Winn v. BuU, L. R. 7 C. D. 29 ; (k) Honeymanv. Marriott, 6 Ho. W. Notes, 1877, 263. of L. Cas. 112. (n) Haynes v. Haynes, 1 Drew. (Z) Fowle V. Freeman, 9 Ves. 351 ; & Sm. 426, and the cases there Kennedy v. Lee, 3 Mer. 441 ; cited ; Gardner v. Charing Cross Thomas v. Bering, 1 Keen, 729 ; Railway Company, 2 Johns. & Hem. Bonnewell v. Jenkins, W. Notes, 248 ; Be the Battersea Park Acts, 1878, p. 18. 32 Beav. 591 ; Guest v. Poole & (m) Wood V. Midgley, 5 D. M. Bournemouth Railway Company, t. 41 J Chinnock v. Marchioness L. R. 5 C. P. 553. Digitized by Microsoft® 78 AGREEMENTS. re- Tlius it has been held, that if an owner dies after ceiving the usual notice to treat, but before the price is fixed, the purchase-money goes to his heir, and not to his personal representative (o). But as soon as the price is fixed, the relation of the parties as vendor and purchaser is as fully constituted as in the case of a formal and regular agreement (p). Part per- formance takes case out of statute. Delivery of abstract, iK.f not part per- formance. III. The effect of part performance to take a case out of the statute. It is a settled principle of Courts of equity to decree specific performance of a verbal agreement which would otherwise be void under the statute, where there has been part performance, in - order to prevent the in- justice which would arise from permitting a party to escape from the engagements he has entered into upon the ground of the statute, after the other party has upon the faith of such engagement, expended his money, or otherwise acted in execution of the agreement (q). The ground of the jurisdiction being the fraud of one of the parties to the contract in permitting the other party to incur expense on the faith pf it, a verbal agree- ment by a tenant for Hfe to grant a lease in execution of a power, followed by expenditure by the intended lessee, cannot be enforced against the remainder-man, unless it can be shown that such expenditure was per- mitted by him with a knowledge that the agreement was only a verbal one (r). The delivery of an abstract, the giving instructions or directions for the preparation of the conveyance, the admeasurement of the estate, payment of the auction duty, or payment of the purchase -money, do not amount to a part performance so as to take the case out of the statute (s). (o) Be the Battersea Park Acts, 32 Beav. 591. (p) The Regent's Canal Compaijy V. Ware, 23 Beav. 575 ; Mason v. The Stokes Bay Pier and Bailway Company, 32 L. J. Ch. 110 ; Metro- politan Siiilway Company v. Wood- house, 11 Jur. 296 ; Harding v. Metropolitan Railway Company, L. R. 7 Ch. 154 ; Watts v. Watts, ib. 17 Ec[. 217. (?) Mundy v. Jolliffe, 5 My. & Cr. 167, 177 ; Powell v. Lovegrove, 8 De G. M. & G. 357 ; Sutherland v. Briggs, 1 Hare, 26 ; Laird v. Bir- kenhead Railway Company, John 500 ; Pain v. Coomhs, 1 D. & J. 33." (r) Blore v. Sutton, 3 Mer. 237 ; Trotman v. Flesher, 3 Giff. 1. (s) Sug^ V. & P. 123 ; Fry on Specific Performance, pp. 182 — 186. Digitized by Microsoft® AGREEMENTS. 79 To take the case out of the statute, the act of part Th^parf n J 1 r» 1 *■ performance periormance must be reierred to some asrreement, and"™"'!', ,i-i ,, , - .^^, ' referred to must be snown to have been done with a view to per- ^^\ ^e^oe- form such agreement. Accordingly, where a father""™ verbally promised in consideration of his daughter's marriage, to give her a house as a wedding present, and immediately after the marriage he put his daughter and her husband into possession ; it was held that the possession being referable to the verbal promise, the case was taken out of the statute {t). But on the other hand, the mere possession of a tenant cannot be set up as an act of part performance of an agreement for a lease or purchase, because the possession is referable to his character as tenant {u). TV. Some of the consequences of a contract for sale, conse- •^ u. ./ */ queaces of From the date of a valid contract for sale the pur- purchaser chaser becomes in equity the owner of the land, and the XTfrom vendor becomes entitled to the money or other con- ^t"'"""' sideration to be paid for the purchase, subject, how- ever, to the obligation of the vendor to show that he has a title. It follows, that any loss or deterioration arising to penf„g*S»r the property after the contract and before the convey- Jans raVur. ance, falls upon the purchaser. Thus, where houses °'^"- contracted to be sold were afterwards burnt down, the contract was enforced against the purchaser, although the vendor had since the contract allowed the insur- ance to expire without giving him notice (v) ; and for the same reason, on the purchase of a life annuity, the purchaser must bear any loss arising from the death of the cestui que vie before the conveyance (jy). On the other hand the purchaser is entitled to any benefit which may accrue to the estate from circumstances happening between the contract and conveyance, as by the dropping of lives on the purchase of a reversionary (t) Ungleyi). Ungley, L. K. 5 Ch. (b) Paine v. Meller, 6 Ves. 349. p. 887. See also Poole v. Shergold, 2 Bro. {u) Fry on. Specific Performance, C. C. 118. 175,176. Brennan v. Bolton, 2 Dr. {w) Kenaey v. Wexham, 6 Mad. & W. 349 ; 3 Ves. 378 ; 19 Ves. 479, 355, 1 Sw. 181. Digitized by Microsoft® made. 80 AGKEEMENTS. interest^ or by an increase or improvement in the value of the land (a;), and where he purchases in considera- tion of a life annuity to be paid to the vendor, the contract will be enforced against the latter, although the annuity drops by the death of the cestui qui vie before the conveyance {y). In these cases, however, it is material that the vendor and purchaser have re- spectively performed their portion of the contract up to the time of the event happening (z). At what As a general rule, a vendor not having a good title must be'"° at the time of the contract, may cure the defect at any time before the day appointed for completion ; and if he files a bill for specific performance, at any time before the chief clerk's certificate of title, unless time is made of the essence of the contract, or there has been unreasonable delay (a). But this indulgence will not be given to a vendor who enters, into a contract for the sale of an estate with a knowledge that he has no right to sell, and cannot in the ordinary course of law or equity acquire such right (6). Moreover it is con- ceived that even when a vendor acts bond fide, a pur- chaser may on discovering the want of title repudiate the contract, but in this case he must do so at once, and not act as if he considered the contract to be sub- sisting. Thus in Hoggart v. Scott (c), the executors of a last surviving trustee sold under the misapprehen- sion that a power of sale given to the trustees had devolved on them. They afterwards procured them- selves to be appointed trustees, and thus acquired the power, and the steps taken for that purpose were taken with the purchaser's knowledge and acquiescence. It was held that the purchaser might have retired from the contract as soon as the want of title was discovered, but as he had not taken that course, specific perform- ance was decreed against him. In Eyston v. Simonds (d), (x) Harford v. Punier, 1 Mad. Boelmx v. Wood, 1 J. & W. 419 ■ 539. Eyston v. Simonds, 1 Y. & 0.' N c' (y) Mortimer v. Capper, 1 Bro. 608 ; Garnett v. Acton, 28 Beav C. C. 156 ; Jackson v. Lever, 3 Bro. 337. C. C. 60. (6) Sug. V. & P. 181 ; Chamber- (t) Counter4).McPherson,5 Moore, lain v. Lee, 10 Sim. 450 83. (c) 1 Russ. & M. 293. (a) Wynn v. Morgan, 7 Ves. 202 ; (d) 1 Yo. & C. N. Q. 608 Mortlock V. Buller, 10 Ves. 315; Digitized by Microsoft® AGREEMENTS. £ the title was bad by reason of the ahenage of a person through whom the vendor claimed. The purchaser by his own inquiries ascertained the defect of title, but did not, until after some months of negotiation, repu- diate the contract. Pending the investigation in the Master's office the vendor acquired a good title, and under the circumstances he was held to be entitled to a decree. And in a case where it was found that a small portion of an estate contracted to be sold was the pro- perty of another person, the Court would not discharge the purchaser from the contract without giving the vendor an opportunity of acquiring a title to that portion (e). So also when a tenant for life entered into a contract for the sale of an estate in fee and the pur- chaser proceeded with the investigation of the title with full notice of the defect, specific performance was decreed, although the consent of the parties entitled in remainder was not obtained until the hearing (/). In Adams v. Brooke (g), the vendors were trustees with power to sell with the consent of the tenant for hfe. Upon a bill filed by the trustees for specific perform- ance, it was held that the plaintifis must prove that the requisite consent was given before the filing of the bill, there being no contract without such consent. It has been frequently stated as a rule of the. Court HSe^^of of Chancery that a doubtful title will not be forced on ^°™h» a purchaser (h). But it is not easy to say what titles will be considered doubtful within the meaning of this omJe."''"" rule. In one case it was laid down that the opinion of the judge in its favour must be so clear, that it does not apprehend that another judge would form a different opinion (i). But in another case it was stated to be the duty of the Court, in every case where a doubt arises, to remove that doubt by deciding it, and to assume that what a competent tribunal thus decides is right, and will be followed by other judges (j); and in (e) Chamberlain v. Lee, 10 Sim. Drew. 329 ; Mullings v. Trinder, 444. L. R. 10 Eq. 449. (/) Salisbury «. Hatcher, 2 Yo. (i) Per Kindersley, V.-C. in & Col. N C 54. Rogers v. Waterhouse, ubi suprA. (g) 1 Yo. & C. N. C. 627. (j) Per Malins, V.-C. in Bell i'. {h) Pyrke v. Waddingham, 10 Holtly, L. R. 15 Eq. 178, 193. Hare, 1 ; Rogers v. Waterhouse, 4 on a Digitized by Microsoft® 82 AGREEMENTS. Alexander v. Miles (k), James, L. J., observed : " We do not say that there may not be cases in which a question of law may be considered as doubtful, that a Court would not, on its own view, cpmpel a purchaser to take a title : still, as a general and almost universal rule, the Court is bound as much between vendor and purchaser as in every other case to ascertain and deter- mine what the law is, and to take that to be the law which it has so ascertained and determined. The ex- ceptions to this wiU probably be found to consist, not in pure questions of legal principle, but in cases where the difficulty and the doubt arise in ascertaining the true construction and legal operation of some ill- expressed and inartificial instrument." At all events it is settled that a Court of Appeal, whose opinion is in favour of a title, wiU not treat it as doubtful, merely because the inferior Court has taken a different view and decided against it (I). poSmbioh The taking of possession by the purchaser is an equi- vocal act, but does not of itself amount to an acceptance of the title. In every case it is a question depending upon the circumstances whether the conduct of the pur- chaser is inconsistent with an intention to call for the title, or to insist on objections to it (m). In Fleetwood V. Green {n), specific performance was decreed against a purchaser who had remained in possession for a con- siderable time after the delivery of an abstract without making any objection ; and in Burnett v. Brown (o), a purchaser was held to have waived any objection on the ground of the property being subject to a right of sporting, by taking possession with knowledge of the existence of such right. The general rule of law that where a person makes a contract and breaks it, he must pay the whole damage sustained in consequence, does not apply to contracts for the sale of real estate, in respect of which a special rule has been established by the case of Flureau v. Thorn- possesBioii when an acceptance of title. Measure of damages on ■breach of contract for (h) L. R. 6 Cli. 131. & G. 672. (/,) Shepherd v. Doolun, 3 D. & (n) 15 Ves. 594. War. 1 ; Beioley v. Carter, L. R. (o) 1 Jac. & W. 168. See also 4 Ch. 230 ; Alexander v. Miles, uU Blatchford v. Fitzpatriok, 6 Beav. swprd. 233. (to) Simpson v. Sadd, 4 De M. G. Digitized by Microsoft® AGEEEMEKTS. 83 hill (p), viz., that on a breach of a contract of this nature arising from want of title, the purchaser can only recover by way of damages the expenses of inves- tigating the title, and is not entitled to compensation for the loss of the bargain [q). The 23rd section of the Bankruptcy Act, 1869 (/•), ^^!^^\^ provides that when any part of the property of a n'^^i™" bankrupt consists of unprofitable contracts, the trustee '™'='»- of a bankrupt may by writing under his hand dis- claim such property ; in which case it shall revert to the person entitled on the determination of the estate of the bankrupt. A binding contract for sale is not avoided by the Effert of death of either party before completion, and on the either party death of the vendor his executors are entitled to the tract. ™" purchase-money. On the death of the purchaser intes- tate, his heir is entitled to have the estate conveyed to him, and to have the purchase-money paid out of the deceased purchaser's personal estate ; but in such a case it is incumbent on the heir to show that there was a binding contract at the time of the death of his ancestor, and one which could be enforced against an unwilling purchaser (s). If, however, the estate contracted for passes by the purchaser's will under a general or specific devise, the estate itself will be the primary fund for the payment of the unpaid purchase-money {t). In a case where a verbal contract for sale was entered into and the vendor died intestate, and his heir who was also administrator, executed a conveyance of the estate in pursuance of the parol contract, it was held that the purchase-money belonged to the next of kin of the deceased {u). A general devise contained in a will made since the Effect of Wills Act, passes land contracted to be purchased after tewsT "^ {p) 2 Bl. Rep. 1078 ; Walker v. attempted to be engrafted on it by- Moore, 10 B. &C. 416. See Engell Hopkins v. Grazebrook, 6 B. & C. V. Fitch, L. R. 4 Q. B. 659 ; Pounsett 31, disapproved. V. Fuller, 17 C. B. 660 ; Sikes v. (r) 32 & 33 Vict. c. 71. Wild, 30 L. J. Q. B. 325 ; Robinson (s) Broome v. Monck, 10 Ves. V. Harman, 1 Exch. 850. 597 ; Gamett i: Acton, 28 Beav. (g) The rule laid down in Flureau 333 ; Hudson v. Cook, L. R. 13 Eq, V. Thomhill has been recently fully 417 ; Harding v. Harding, ib. 493. considered and confirmed by the (t) 30 & 31 Vict. c. 69, s. 2. House of Lords in Bain v. Fothergill, {%) Frayne ;■. Taylor,33 L. J. Ch. L. R. 7 H. L. 158, and an exception 228. G 2 Digitized by Microsoft® 84 AGREEMENTS, the date of the will ; and a contract for sale of land in equity revokes a previous devise made by the vendor (a:;) ; and it seems clear that the purchase-money will pass under his will as part of his personal estate (y). If a vendor dies before completion, leaving an infant heir or devisee, the Court will not consider him a trustee for the purchaser within the meaning of the Trustee Act, 1850, until he has been declared to be so in a suit for specific performance (2). But on a sale to a railway company, where the company had paid the purchase- money and taken possession, Wood, V.-C, treated the case as an exception, the sale being compulsory, and made a vesting order on petition (a); and Romilly,M.R., made a similar order, on a sale to a railway company, where the purchase-money had not been paid and the title had not been accepted before the vendor's death (6). It is difficult to see that the fact that a sale to a rail- way company is compulsory furnishes a sufficient dis- tinction for this purpose. STAMPS ON AGREEMENTS. stamps on A^T agreement cannot be offered in evidence unless it is duly a^'eements. . , stamped. If the subject-matter is not of the value of £5, or ■where the agreement is for the hire of any labourer, artificer, manufacturer, or menial servant, or for the sale of any goods, wares, or merchandize, or is between the master and mariner of a ship for wages on any voyage coastwise from port to port in the United Kingdom, no stamp is required, but in other cases the agreement must be stamped with 6d. (c). stamp on A purchaser of several lots at an auction is considered to purchase of _ . several lota havc entered into an equal number of agreements for the T)ur- at auction. i /. i i chase of the same lots, so that the agreement must bear as many stamps as there are lots, assuming that the purchase- money for each lot amounts to £5 (d). But the value of the (x) Farrar v. Earl Winterton, 5 (6) Be Lowry's Will, L. R. 15 Eq. Beav. I ; In re London Bridge Ap- 78. proaches Act, 13 Sim. 569. (c) See 33 & 34 Vict. c. 97, under (j/) 1 Jar. on Wills, 148 ; Knollys the head " Agreement or memoran- i>. Shepherd, 1 J. & W. 499 ; Dart, dum of agreement." 256. (d) Jamea v. Shore, 1 Stark. N. (a) Re Carpenter, Kay, 418. P. C. 426 j Watling v. Horwood, VZ (a) Russell's estute, 12 Jur. N. S. Jur. 48. 225. Digitized by Microsoft® AGREEMENTS. 85 lots must be taken separately, so that if the purchase-money for no single lot amounts to £5, the agreement would not be chai'geable with any stamp. If the agreement consists of several letters, it is sufficient to . stamp one (e). (e) Stead v. Liddard, 1 Bing. 196. Digitized by Microsoft® 86 AGREEMENTS. No. I. FOR SALE OF AGREEMENT for the Sale of Freehold Property. ■I?T(.1i:i!!HnT.TVCI * FREEHOLDS. ARTICLES OF AGREEMENT made the day of , Between A. B. of &c. (hereinafter called " the vendor "), of the one part, and C. D. of &c. (hereinafter called "the purchaser"), of the other part, WHEREBY IT IS AGREED as follows : — Agreement I. ThE vendor shall sell and the purchaser shall purchase the to sell and ... inii -ii- purchase, hereditaments described m the schedule hereto, with their ap- purtenances and the inheritance thereof in fee simple in pos- session free from incumbrances, at the price of £ , [to be paid as follows, that is to say, the sum of £ as a deposit immediately after the signing of this agreement, and the residue thereof on the completion of the purchase] (a). Completion II. THE purchase shall be completed on the day of pure as6, ^^ ^^^ office of Mr. (the vendor's solicitor) and the pur- chaser shall then have possession of the said premises, all out- goings up to that time being cleared by the vendor. If the purchase shall not be completed on the day of next, the purchaser shall pay to the vendor interest on [the residue of] the purchase-money after the rate of £4 per cent, per annum from that day until the completion of the purchase (6). (a) The words witUn brackets will be omitted, where no deposit is paid, qtiserva- (6) On sales by auction the rate of interest is usually fixed at 5 per cent., condition's ^^^ °^ ^ ^^ ^^ private contract a purchaser may fairly object to pay more to interest, than 4 per cent. ; and, even at this reduced rate, the condition will in many cases operate unfairly on the purchaser. The delay in completion may arise from the state of the title or the slowness of the vendor's solicitor in reply- ing to the requisitions, or from many causes over which the purchaser can exercise no control, and he may find himself in the position of having to pay interest while his money is lying idle. Under these circumstances a prudent purchaser will often be advised, either to object to the condition altogether, or to insist on a proviso being added to the following effect : " Provided always, that if the delay in completion shall arise from the state of the title or from any other cause not being the purchaser's fault, the purchaser shall be at liberty to place [the remainder of] his purchase-money on a deposit account at the Bank, or on any securities which he may think fit, in his own name and at his own risk, and give notice thereof to the vendor, and thereupon the vendor shall be entitled to receive from the purchaser such interest only as shall be actually produced by such deposit or investment." If nothing is said about interest, the purchaser's obligation in this respect will be left to depend on the rule of equity — viz. : That from the day fixed for completion the purchaser is entitled to receive the rents, and must pav interest at 4 •per cent, on his purchase-money, but unless the delay is his Digitized by Microsoft® AGREEMENTS. 87 III. The vendor shall, on or before the day of FOR SiLE OP » FaEBHOLDS. deliver to the purchaser or his solicitor an abstract of title to ne,ivery of the said premises, such abstract to commence with indentures of *^^*i'*<='- lease and release dated , and the pui-chaser shall not require the production of or investigate or make any objection or requisition in respect of the prior title, whether referred to in any abstracted document or not (c). IV. Recitals and statements in deeds or other documents ^g^e^YJence dated twenty years and upwards prior to the date of this agree- ment, shall be deemed conclusive evidence of the facts and matters recited or stated therein, or to be assumed or implied therefrom, and of the contents and due execution of any docu- ments recited or stated therein, and which are not in the vendor's possession ; and no objection shall be made on account of the non-production of any such recited or stated docu- ments (d). V. The production and inspection of all documents not in Expanse of ^ ^ ^ production the possession of the vendor, and the procuring and making of ^f/°°*'- all certificates, attested, official, or other copies of, or extracts from, any records, registers, deeds, wills, or other documents, and of all declarations and other evidence whatsoever which may be required by the purchaser for the purpose of verifying the abstract or for any other purpose, shall be at the expense of the purchaser, who shall also bear the expense of all searches, inquiries, and journeys which may be required for the above purposes, or any of them. VI. {Condition as to identity. — See Conditions of Sale, supra, p. 64). VII. All objections and requisitions in respect of the title °„''j°jg^™si. or the abstract, or anything appearing therein^ or in this agree- 1'""^- ment, shall be stated in writing, and sent to the office of the said Mr. within days from the delivery of the abstract, and all objections and requisitions not sent within that time shall be considered to be waived ; and if the purchaser shall insist on any objection or requisition in respect of the title, own fault he may relieve himself of the liability to interest by giving the vendor notice that his money is lying iille. See suprd. (c) Insert after the 3rd article any special conditions which the state of the title may require. For forms of such conditions, see suprd, p. 56. If tlie vendor has a registered title, the 3rd clause will be similar to the 4th clause in Precedent No. III. of conditions of sale, suprd, p. 39, and clauses 4 to 8 of the above Precedent will be omitted. {d) Sec suprd, p. 33, note. Digitized by Microsoft® 88 AGEEEMENTS. Vendor to execute assurance. "i-BEE^oLDs^ which the vendor shall be unable or unwilling to remove or comply with, the vendor shall be at liberty (notwithstanding any intermediate negotiation in respect thereof, or any attempt to remove or comply -with the same) by notice in writing, to rescind this agreement, in which case the purchaser shall receive back his deposit, without interest or costs. VIII. Upon payment of the purchase-money at the times and in manner aforesaid the vendor shall make and execute to the purchaser a proper assurance of the premises, such assurance to be prepared by and at the expense of the purchaser, and to be left by him not' less than seven days before the said day of at the ofiSce aforesaid for execution by the vendor. {If the vendor is a trustee or mortgagee, add ;) The vendor being a trustee [or a mortgagee selling under a power of sale] shall not be required to enter into any covenants for title other than the usual covenant that he has done no act to encumber ; and any covenant for production of deeds which the purchaser can and shall require from him shall be limited, s6 as to bind him personally, so long only as he shall have the custody of the deeds the subject of such covenant. IX. The quantities stated in the schedule shall be presumed to be correct, and an error as to quantity, if any such shall be found, shall neither annul the sale nor entitle either party to compensation. Should any other mistake be found in the schedule before the completion of the contract, the same shall not annul the sale, but a fair compensation shall be made in respect thereof to or by the purchaser, as the case may require, the amount to be settled (in case of difference) by two referees, one to be appointed by each party or their umpire, and if either party shall fail to appoint a referee for the space of ten days after notice shall have been given him by the other party so to do, the referee appointed by the other party may make a final decision alone (e). Errors of description. The Schedule above referred to. (e) See suprA, p. 35, note. Digitized by Microsoft® AGREEMENTS. 89 No. II. AGREEMENT for the Sale of Copyhold Property. for sale of ■' *^ COPYHOLDS. ARTICLES OF AGREEMENT made the day of , Between A B. of &c. (hereinafter called " the vendor "), of the one part, and C. D. of &c. (hereinafter called " the purchaser "), of the other part, whereby it is agreed as follows : — I. The vendor shall sell and the purchaser shall purchase f^^fi™°Jjf the hereditaments described in the schedule hereto, being copy- purchase hold of the manor of , in the county of , with the appurtenances, and the inheritance thereof, according to the custom of the said manor, in possession, free from incumbrances, except the rents, fines, heriots, suits, and services therefor due and of right accustomed, at the price of £ [to be paid, &c. {as in Article I. of Precedent No. I., 8wprd,p. 86)]. {Remaining conditions as in Precedent No. 7.) In witness, &c. The Schedule above referred to. No. III. AGREEMENT for the Sale of Leasehold Property, foe sale of ARTICLES OF AGREEMENT made the day of , Between A. B. of &c. (hereinafter called "the vendor "), of the one part, and C. D. of &c. (hereinafter called " the purchaser "), of the other part, whereby it is agreed as follows : — I. The vendor shall sell and the purchaser shall purchase the 4^^iTnd hereditaments described in the schedule hereto, with their ap- p^ohase. purtenances, for the unexpired residue of a term of years therein granted by a certain indenture of lease, dated, &c., and made, &c., free from all incumbrances except the rent reserved by the said lease, and the covenants and conditions therein contained and on the lessee's part to be observed and performed, at the price of £ . Digitized by Microsoft® 90 AGREEMENTS. FOR SALE or LEASEHOLDS. II. (Condition as to completion of the purchase and interest. — See Precedent No. I., suprd, p. 86.) fbitoS'"' III- The vendor shall, on or before the day of next, deliver to the purchaser or his solicitor an abstract of title commencing with the said indenture of lease ; and the pur- chaser shall not inquire into the lessor's title or make any objection or requisition in respect of the same, or require any other evidence of the covenants and conditions contained in the lease having been duly performed up to the completion of the purchase, than the production of the receipt for the last payment of the rent which shall have become due under the said lease (a). (Insert here any other special conditions which the state of the title may require) (b). ly., v., VI. (Conditions as to recitals being evidence — expense of production of deeds — objections and requisitions. — See Prece- dent No. I., suprd, pp. 87, 88.) Vendor to VII. On payment of the purchase-money at the time and execute as- . c ■ i i i signmentto m manner aforesaid the vendor shall make and execute a purchaser. proper assignment of the said premises to the purchaser, such assignment to be prepared by and at the expense of the pur- chaser, and to be left by him seven days before the said day of , at the office aforesaid, for execution by the vendor. VIII., IX. (Conditions as to custody of deeds — errors in de- scription. — See Precedent No. I., suprd, p. 88.) In witness, &c. The schedule above eefekred to. (a) Add, if necessary, " and tlie purchaser shall assume that the person giving such receipt is the rightful owner of the reversion expectant on such lease -without any proof of the devolution of title to him from the original lessor." (6) If the vendor has a registered title, clause 3 will be similar to clause 4 of Precedent No. 4, Conditions of sale, suprd, p. 41, and the remaining clauses of the above Precedent will be omitted, e.\.cept the last " errors of Digitized by Microsoft® AGREEMENTS. 91 No. IV. AGREEMENT for the Sale of Leasehold Property ^"J'J,";^,^ */ i/ LEASEHOLDS held by an Underlease, and the Tenant's Fixtures, j,,^^",,^^, ARTICLES OF AGREEMENT, made the day of , Between A. B. of &c. (hereinafter called " the vendor ") of the one part, and C. D. of &c. (hereinafter called " the purchaser ") of the other part, whereby it is agreed as follows : — I. The vendor shall sell and the purchaser shall purchase Agreement ^ A to sell and the leasehold messuage and premises described in the schedule purchase. hereto, for the unexpired residue of the term of ninety-nine years granted therein by the indenture of underlease mentioned in the said schedule, subject to the rent reserved by the said indenture of underlease, and the covenants and conditions therein contained and on the lessee's part to be observed and performed, and also the tenant's fixtures in and about the said premises, at the price of £ [to be paid, &c. {as in Precedent No. I., suprd, p. 86)]. II. {Agreement as to completion of the purchase and interest, suprd, p. 86.) III. The vendor shall, on or before the day of wti?™°* °^ next, deliver to the purchaser or his solicitor an abstract of title to the said premises, commencing with the said indenture of underlease, and the purchaser shall not requii-e the production of the superior lease of the day of , mentioned in the said schedule, or make any objection or requisition in respect thereof, nor shall he inquire into the title either of the superior lessor or of the sublessor, or inake any objection or requisition in respect of such title. The receipt for the last payment of rent which shall have become due under the said indenture of underlease shall be produced to the purchaser, and he shall assume that all covenants and conditions contained in the underlease and superior lease respectively, and to be performed by the lessee, have been duly performed up to the completion of the purchase, and he shall also assume that the person giving such receipt is the rightful owner of the reversion expectant on such underlease, without any proof of the devolution of the title to him from the original sublessor (a). (a) For another form of tliLS clause, see eonditions of sale, No. II., sujjra, p. 39. Digitized by Microsoft® 92 AGEEEMEXTS. LEASEHolra (Remaining conditions as in Precedent, No. I.) 3ir In witness, &c. The Schedule above referred to. The messuage or dwelling-house being No. — , street, in the parish of , with the stables and appurtenances thereto belonging, now in the occupation of , which pre- mises were, by an indenture of underlease, dated the day of , and made, &c,, demised unto the said {ori- ginal sublessee), his executors, administrators, and assigns, for the term of ninety-nine years, wanting the last ten days thereof, computed from the day of , at the yearly rent of £ , and subject to the covenants and conditions contained in the said indenture of underlease, and on the underlessee's part to be observed and performed. No. V. LEASEHOLD AGREEMENT for Sale of a Leasehold House and SHOP AND *> '^ ^v™^^- Shop, and the Stock in Trade and Goodwill of the Business carried an there. ARTICLES OF AGREEMENT made the day of I'ai'ties. Between A. B. of &c. (hereinafter called " the vendor "), of the one part, and C. D. of &c. (hereinafter called " the pur- chaser"), of the other part, whereby it is agreed as follows : — AgtoBinent I. The Vendor shall sell and the purchaser shall purchase purchase of the leasehold messuage or tenement and shop, being No. — , preniiseB Street, in the town of , held for the residue of a term will for a of years granted therein by an indenture of lease, dated, &c., at the yearly rent of £ — — , and subject to the covenants and conditions contained in the said indenture of lease, and also the goodwill (a) of the business of , now (a) If it is intended that the vendor shall be at liberty, after the sale, to carry on a similar business in the neighbourhood, the expression " goodwill " should be qualified by some explanation in the contract or particulars of sale. Thus, in Johnson v. Helleby, 34 L. J, Ch. 17% the question arose how Digitized by Microsoft® AGREEMENTS. 93 LEASEHOLD SHOP AND BUSINESS. carried on by the said A. B. on the said premises, at the price of £ . The vendor shall also sell, and the purchaser shall purchase the tenant's fixtures in and about the said premises, ™i tenant's * ^ r ^ fixtures and and the stock in trade and book and other debts belonsring and ^^^ '" c) o trade at a due and owing respectively to the said A. B., and the benefit of valuation. all contracts and engagements entered into with him in respect of the said business, at a sum to be determined by valuation as hereinafter is mentioned. II. The purchaser shall, immediately after the signing of ^jfPp^^^j?";* this agreement, pay to the vendor the sum of £ by way of "*' p'"''''''"^- deposit. The purchase shall be completed on the day of next, at the office of, &c., and the purchaser shall, as from that day, have possession of the said premises, and be the proprietor of the said business subject to the following conditions. III. The tenant's fixtures, stock in trade, and eflfects, book J^^f°\°' and other debts shall be valued according to the value of the same on the day of next, and the valuation shall be made by L. M., of, &c., who is appointed for this purpose by the vendor, and N. O., of, &c., who is appointed for this purpose by the purchaser, or in case the said valuers shall disagree, then by P. Q., of, &c., who has been appointed umpire by the valuers. If either of the valuers shall die before the valuation is com- pleted, or shall refuse to act, another valuer shall be appointed in his place by the party by whom the deceased or refusing valuer was appointed ; and if the umpire shall die before the valuation is completed, or shall refuse to act, the valuers shall appoint another umpire. IV. The purchaser shall pay the remainder of his purchase- ^"■'"'"'^-^^ money (including the amount of the aforesaid valuation) at the P^fJ^^y^^' times following ; (that is to say,) one third part thereof on the day of next, one third part thereof on the day of , 18 — , and the remaining one third part thereof on the goodwill of a business, which upon the death of one of the partners had been directed to be sold as a going concern, should be described, and more particularly whether the existence of the right of the surviving partner to carry on a like trade in the same town should be mentioned in the particu- lars ; and the Court directed that the following words should be inserted at the foot of the advertisement for sale : — " This sale will give to the pur- chasers both the premises on which the business has been carried on and the benefit to be derived from the habit of customers resorting to the said premises ; but will not prevent persons formerly interested in the said business, or those who may represent them, from carrying on the same business." Digitized by Microsoft® 94 AGREEMENTS. BUSINESS. fnopTND *'i® -^ — ^^J of . 18—, and the instalments of purchase- money for the time being remaining unpaid shall bea,r interest after the rate of £5 per cent, per annum, computed from the said day of - — — next. Ssn'on V. Upon the payment on the day of next of the completion, instalment of purchase-money hereby made payable on that day, the vendors shall make and execute to the purchaser a proper assignment of the said premises, such assignment to be prepared by and at the expense of the purchaser, and the vendor shall, in and by such assignment, covenant with the purchaser not to carry on a similar business in the said town of , or within a distance of miles therefrom. taTsecurr ^^- ^"^ *^^ Same time with the execution of the said assign- sfaamente' ^^^nt, the purchaser, and two sureties to be approved of by the moneyfy^'^ vcndor, shall execute to the vendor their joint and several bond, mortgage! ^^ * Sufficient penalty, conditioned for the payment of the remaining instalments of the said purchase-money, and the interest thereof, at the times and in the manner above provided ; and the purchaser shall also make and execute to the vendor a proper and effectual mortgage of the said leasehold premises, and the stock in trade and effects of the said business, for further securing the payment of the said instalments and interest, such mortgage to contain a power of sale and such other powers and provisions as the vendor may reasonably require. Howbusi- VII. In the meantime, and until the completion of the said iiess IS to be ^ ' _ ^ carried GO purchase, the business shall be carried on by the vendors as at la mean- ^ ' *^ time. present, for their own benefit, but the purchaser shall act as their manager, and shall receive the weekly sum of £ by way of salary as such manager. Purchaser VIII. The purchaser has examined the title of the vendors to accept ussor'aatie. to the sajd leasehold premises, and he is satisfied therewith, and hereby undertakes to accept the same as it stands. In witness, &c. Digitized by Microsoft® AGREEMENTS. 95 No. VI. AGREEMENT for the Salk hy Trustees of an Estate sale of comprising Freeholds, Copyholds, and Leaseholds, jopyholdb, AND LEASEHOLDS, ARTICLES OF AGREEMENT made the day of - Between A. B. of &c. and C. D. of &c. (hereinafter called " the vendors"), of the one part, and E. F. of, &c. (hereinafter called " the purchaser "), of the other part, WHEREBY IT IS AGREED as follows : — I. The vendors shall sell and the purchaser shall purchase Agreement All and singular the messuages or tenements, lands, and here- purchase. ditaments, situate in the parish of , in the county of , described in the first part of the schedule hereto, and the inheritance thereof in fee simple in possession, free from incum- brances. And also the messuages or tenements, lands and hereditaments, being copj'hold of the manor of , in the said county, described in the second part of the said schedule, and the customary inheritance thereof in fee simple in possession, free from incumbrances, except the rents, fines, heriots, suits, and services therefor due and of right accustomed. And also the messuages or tenements, lands and hereditaments, situate in the said parish of , described in the third part of the said schedule for all the residue now unexpired of the term of years, granted therein by an indenture of lease, dated, &c., and made, &c., free from all incumbrances, except the rent reserved by the same indenture, and the covenants and conditions therein contained, and on the lessee's part to be observed and performed, at the price of £ . II. In addition to the said sum of £ , the purchaser valuation of shall pay for all timber, and timber-like trees, tellers, pollards, "" '' and saplings down to the value of Is. per stick inclusive, standing or growing upon the said premises, according to a valuation to be made in manner following (that is to say) : Each party shall by writing appoint a valuer and give notice thereof by writing to the other party within fourteen days after the signing of this agreement, and the valuers thus appointed shall, before they proceed to act, appoint by writing an umpire, and the two valuers, or if they disagree, their umpire, shall make the valuation. If either party shall neglect to appoint Digitized by Microsoft® 96 AGREEMENTS. Vendors to execute as- surance to purchaser. FREEHOLDS, ^ ^aluei" Or to give notice thereof to the other party for the space copyholds; aforesaid, the valuer appointed by the other party shall make a LEASEHOLDS, fi^^] valuation alon6. The expression "the purchase-money" used in this agreement shall include the amount of the valuation to be made under this article. III., IV., V. (.Conditions as to completion of the purchase and payment of interest — delivery of abstract and time for making requisitions — commencement of title — expense of pro- • ducing deeds. — See Precedent No. I., pp. 86, 87.) VI. Upon payment of the purchase-money at the time and in manner aforesaid, the vendors shall make and execute a proper assurance, or proper assurances, of the said premises to the purchaser, such assurance or assurances to be prepared by and at the expense of the purchasei", and to be left at the office aforesaid at least seven days before the said day of next. The vendors being trustees for sale, no covenants for title shall be given, other than the usual covenant that the vendors have not incumbered, and the concurrence of the persons beneficially interested in the purchase-money shall not be required. And any covenant for production which the purchaser can and shall require from the vendors or any other persons shall be so limited as to bind the covenantors personally so long only as they shall have the custody of the deeds, the subject of such covenant. (Other conditions as in Precedent No. I. — See supra, p. 88.) In witness, &c. The Schedule above referred to. FOR SALE OF LIFE No. VII. AGREEMENT for Sale of a Life Estate in Freeholds. ARTICLES OF AGREEMENT made the - - day of , Between A. B. of &c. (hereinafter called " the vendor") of the one part, and C D., of &c. (hereinafter called "the purchaser"), of the other part, whereby it is agreed as follows : — • Digitized by Microsoft® AGREEMENTS. 97 I. The vendor agrees to sell and the purchaser aorees to ^r^ale 1 * It* O OF LIFE purchase All that the estate for life, without impeachment of ^^"^- waste, of the vendor in All (parcek), with their appurtenances, to^eiTS' free from incumbrances, at the price of £ [to be paid as p'^'=''^«- follows, &c. — (See Precedent, No. I., supra, p. 86.) ] ■ Other conditions as in Precedent No. L, so far as applicable, adding the following : — This agreement shall not be rendered void, or be in any- Agreement wise affected by the death of the vendor before the said ^oli^ed day of next. Si.'l In witness, &c. vendor. No. VIII. AGREEMENT for Sale of a Reversionary Estate in Freeholds. ARTICLES OF AGREEMENT made the day of , FOR SALE OF REVER- SIONARY ESTATE. Between A. B. of &c. (hereinafter called " the vendor"), of the one part, and C. D. of &c. (hereinafter called '' the purchaser"), of the other part, whereby it is agreed as follows : — I. The vendor agrees to sell and the purchaser agrees to Agreement purchase All those (parcels), and the inheritance thereof in purchase. fee simple, free from incumbrances (subject nevertheless to the estate therein of G. H. of &c., during his life, which estate is without impeachment of waste), at the price of £ . II. The purchase shall be completed on the day of of'^SSe next, at the office of Mr. , the vendor's solicitor, and if from any cause whatever the purchase is not completed on that day, the purchaser shall pay interest on the said purchase-money after the rate of £5 per cent, per annum, computed from that day until the completion of the purchase. III., IV. (Conditions as to delivery of abstract and time for making requisitions, and commencement of Title, as in Precedent No. I., supra, p. 87.) V. On payment of the purchase-money at the time and in ^^^'J^^'" manner aforesaid the vendor shall execute to the purchaser a i^^surance. proper assurance of the said premises, subject to the said life estate, such assurance to contain a covenant by the purchaser for the payment of the succession duty, which shall become VOL. I. H Digitized by Microsoft® 98 AGREEMENTS. FOR SALE OF KEVEB- SIONARY ESTATE. As to deeds in posses- sion of tenant for life. Expense of production of deeds. payable upon the death of the said G. H., and for indemnifying the vendor therefrom (a). And the said assurance shall be prepared by and at the expense of the purchaser, and shall be left by him before the said day of next, at the office aforesaid, for execution by the vendor. VI. The deeds and documents of title relating to the said premises are in the possession of the said G. H. as tenant for life, and on his death such of the said deeds and documents as relate exclusively to the said premises shall be delivered to the purchaser, and such of them as relate also to other property of the vendor, shall be retained by him. The vendor will on the completion of the purchase, enter into the usual covenant with the purchaser for the production and furnishing copies to him, after the death of the said G. H., of such of the said deeds and documents as shall be retained by the vendor, the deed con- taining such covenant to be prepared by and at the expense of the purchaser. VII. The production and inspection of all deeds and docu- ments, and the procuring and making of all certificates, attested, official, or other copies of or from any deeds, wills, or other documents, and of all other evidence whatever, which the pur-_ chaser shall require, whether for the pui-pose of. verifying the abstract or otherwise, shall be at his own expense, and he shall also bear the expense of all searches, inquiries, and journeys, for the purposes aforesaid, or any of them, VIII. This agreement shall not be rendered void by the death of the said G. H. before the said day of . IX. {Condition as to errors of description. — See suprh, p. 88.) In witness, &c. (a) As between vendor and purchaser of a reversion, the purchaser must pay the succession duty : Cooper v. Trewby, 28 Beav. 197. Digitized by Microsoft® AGEEEilENTS. 99 No. IX. AGREEMENT for Sale hi Tenant for Life areci "^r sale by '^ "^ TENANT FOB Remainderman. i-'^ asd REMAINDER- MAN. ARTICLES OF AGREEMENT made the day of , Between A. B. of &c. (who is tenant for life of the heredita- ments hereby agreed to be sold) of the first part, C. D. of &c. (who is tenant in fee simple in remainder of the said heredita- ments) of the second part, and E. F. of &c. {purchaser) of the third part, whereby it is agi-eed as follows : — I. The said A. B. and C. D. (hereinafter called "the vendors") Agreement , 'to sell and hereby agree to sell, and the said E. F. (hereinafter called " the pnrcLase. purchaser"), hereby agrees to purchase the hereditaments de- scribed in the schedule hereto, and the inheritance thereof in fee simple in possession, free from incumbrances (except the succession duty (if any) to become payable on the death of the said A. B., and which duty if it shall become payable will be at the rate of £ — per cent.), at the price of £ . Remainder of precedent same as Precedent No. I. (a). In witness, &c. The Schedule above referred to. (a) If A. tenant for life and B. tenant in remainder, join in conveying the fee simple in possession to C. a purchaser, succession duty will become payable under the 15th section of the Act on the death of A., at the same rate as if no alienation had been made, provided that no new succession is created in the mean time. Thus, if C. is living without having again aliened, at the death of A., C. will have to pay duty at the same rate asB. would' have had to pay, but the actual sum to be paid will be different, as it will be calculated on the value of C.'s (not B.'s) life. But if C. dies before A., his heir or devisee will have to pay duty at once as on a succession derived from C, and on A.'s subsequent death, no further duty wiU be payable : {In re Cooper and Allen's contract, L. E. 4 C. D. 802.) Although the liability to duty is contingent only, it is conceived that in the absence of stipulation, a purchaser from tenant for life and remainderman is entitled to insist on its being commuted before its completion, under sect. 41 of the Act. (Dart. V. & P. p. 511.) It seems desirable, where the duty would be heavy, to guard against such a reijuisition by a clause in the contract, because, although the purchaser wUl probably give less on account of the liability, the deduction having regard to the contingency that the duty may not become payable at all, ought not to be so much as would have to be paid for the commutation. Digitized by Microsoft® 100 AGREEMENTS. AGREEMENT FOR SALE SUBJECT XO FEE FARM. Agreement to sell and purchase. Interest, Delivery of abstract. Receipt of last pay- ment of rent to bo evidence. No. X. AGREEMENT /or Sale of Feeeholds which are subject to a Perpetual yearly Rentcharge. ARTICLES OF AGREEMENT made the ■ day of , Between A. B. of &c. (hereinafter called " the vendor"), of the one part, and C. D. of &c. (hereinafter called "the purchaser"), of the other part, whereby it is agreed as follows : — I. The vendor shall sell and the purchaser shall purchase the hereditaments described in the schedule hereto, with their appurtenances, and the inheritance thereof in fee simple, free from incumbrances except a fee farm rent of £10 created by an indenture dated the day of , and certain covenants and conditions contained in the same indenture as to buildings and otherwise, at the price of £ , to be paid on the day of , at the office of Mr. , the vendor's solicitor, at which time and place the purchase is to be completed, and the purchaser shall then have possession of the said premises, all outgoings up to that time being cleared by the vendor. If the purchase shall not be completed on the day of next, the purchaser shall pay to the vendor interest on the purchase- money after the rate of £4 per cent, per annum from that day until the completion of the purchase. II. The vendor shall, on or before the day of , deliver to the pjirchaser or his solicitor an abstract of title to the said premises, and within, &c. (Clause for making requi- sitions, supra, p. 87.) III. The title shall commence, &c. (special conditions as to title). The receipt for the last payment of the said rent of £10 which shall have become due prior to the completion of the purchase shall be accepted by the purchaser as conclusive evidence of the performance of the covenants and conditions contained in the said indenture of the day of up to the completion of the purchase, and the vendor shall on no account be required to deduce the title to the said rent, or to show that the person giving such receipt is the present owner thereof. (Other conditions as in Precedent No. I.) In witness, &c. The Schedule above referred to. Digitized by Microsoft® AGREEMENTS. i AQl \¥ No. XI. AGREEMENT for Sale of an Advowson. ™b sale ot ADVOWSON. ARTICLES OF AGREEMENT made the day of , Between A. B. of &c. (hereinafter called " the vendor"), of the one part, and C. D. of &c. (hereinafter called " the purchaser "), of the other part, whereby it is agreed as follows : — I. The vendor shall sell and the purchaser shall purchase Agnoment . *■ ^ t*t aell and All that the advowson and perpetual right of presentation of purchase. and to the rectory and parish church of , in the county of , and the inheritance thereof in fee simple, free from in- cumbrances, at the price of £ , to be paid as follows (that is to say), the sum of £ , part thereof, immediately after the signing of this agreement, and the sum of £ — — , residue thereof, on the day of next, at the oflSce of Messrs. (the vendor's solicitors), at which time and place the purchase is to be completed. II. {Condition as to delivery of abstract and time for making requisitions, supra, p. 87.) III. The title shall commence, &c. (as in precedent No. I., commenoe- suprd, p. 87, adding at the end), and all recitals and statements w*'^- in any document dated twenty years and upwards prior to the date of this agreement shall be conclusive evidence of the facts or matters recited or stated therein or to be assumed or implied therefrom (a). IV. (Expense of production of deeds, suprd, p. 87.) V. Upon payment of the purchase-money at the times and vendor to ^ ** i -^ _ execute in manner aforesaid the vendor and all other necessary parties assurance (if any) shall execute a proper assurance of the said advowson to the purchaser, such assurance to be prepared by and at the expense of the purchaser, and to be left by him at least seven days before the said day of , at the office aforesaid, for execution by the vendor. VI. If through the default or neglect of either party the Power to purchase shall not be completed on the said day of , *°^^^'|!jf„ then the other party may, by notice in writing, rescind this a certain agreement, and in such case the defaulting or neglecting party (a) The rules in section 2 of the Vendor and Purchaser Act, 1874, appear not to apply to advowsons. Digitized by Microsoft® 102 AGREEMENTS. FOR SALE OF ADVOWSON. shall pay and reimburse to the other party the costs and ex- penses which shall have been previously incurred by him in or about this agreement, or the carrying of the same into efifect, or otherwise in relation thereto. Interest. VII. If the purchase shall not be completed on the day of next, and if this agreement shall not be rescinded under Article VI., the purchaser shall pay interest on the residue of the purchase-money, after the rate of £ per cent, per annum, from the said day of next, until the com- pletion of the purchase. VIII. If the said benefice shall become vacant before the said day of next, the vendor shall, upon payment of the On vacancy of benefice before com- pletion, vendor to present nominee of purchaser. purchase-money, present thereto the nominee of the purchaser. In witness, &c. No. XII. FOR SALE OF KEXT PRE- SENTATION. Agreement to sell and purchase. Vendoi- to execute assurance. AGREEMENT for Sale of a Next Presentation. ARTICLES OF AGREEMENT made the day of , Between A. B. of &c. (hereinafter called " the vendor "), of the one part, and C. D. of &c. (hereinafter called " the purchaser "), of the other part, whereby it is agreed as follows : — I. The vendor shall sell and the purchaser shall purchase All that the next presentation to the rectory or parish church of , in the county of , of which the Rev. is the present incumbent, at the price of £ , to be paid as follows, the sum of £ , part thereof, immediately after the signin* -, residue thereof, on of Messrs. (the of this agreement, and the sum of £ the day of next, at the office vendor's solicitors), at which time and place the purchase is to be completed. II., III., IV. {As in last Precedent.) V. Upon payment of the purchase-money at the times and in manner aforesaid the vendor and all other necessary parties (if any) shall make and execute a proper assurance of the said next presentation to the purchaser, such assurance to be pre- pared by and at the expense of the purchaser, and to be left by him at least seven days before the said day of , at the office aforesaid, for execution by the vendor. Digitized by Microsoft® AGREEMENTS. 103 VI., VII. (Conditions as to rescinding the agreement on non- '■'"' ^'^^^- °^ completion at the time specified, and as to interest as in last b'^ation. Precedent.) VIII. If the said benefice shall become vacant before the said ^^ lo day of next, the vendor shall, on payment of the pur- before eom- chase-money, present thereto the nominee of the purchaser (a). ^ "*'""' In witness, &c. No. XIII. AGREEMENT for Sale of an Advowson, or Next Pre- ""•< sale op ADV0W80N SENTATioN, and of an Annual Sum equal to Interest ^nd annual on the Purchase-Money until a Vacancy (h). ARTICLES OF AGREEMENT made the day of ■ Between A. B. of &c. (hereinafter called " the vendor "), of the one part, and C. D. of &c. (hereinafter called " the purchaser "), of the other part, whereby it is agreed as follows : — I. The vendor shall sell and the purchaser shall purchase, Agreement A 0/7-7 7 tfl sell and ALL THAT, &c. {describe advowson, or next presentation, as the pmchaae. (a) If after the sale of a next presentation the incumbent is promoted to a bishopric, so that the next turn devolves on the Crown, the purdiaser will, in the absence of a stipulation to the contrary, be entitled to the next pre- sentation after that by the Crown. It is obvious, however, that such a postponement of the purchaser's right to present would seriously diminish the value of his purchase, and would in many cases entirely defeat the object with which he has purchased. Whenever, therefore, there is a probability of the present incumbent being made a bishop, a prudent purchaser will stipulate that such an event shall put an end to the contract, and obtain security for the repayment of his purchise-money. The best mode of effect- ing this object would be to make the arrangement provided fur by Precedent XIIL, infrd. (6) It is sometimes made part of the arrangement on the purchase of an advowson or next presentation, that the purchaser shall receive interest on his purchase-money until a vacancy. Such an arrangement may be effected in two modes, (1) by the vendor giving to the piiruhaser his bond for an annual sum equal to interest at the rate stipulated on the purchase- money ; or (2) by investing the purchase-money in the names of trustees, upon trust to pay the income thereof to the purchaser until a vacancy. Such an arrangement has been held valid when the vendor is not the in- cumbent (Sweet V. Meredith, 3 Giff. 610) ; and it is conceived, though it has never been expressly decided, that the circumstance of the vendor being the incumbent would make no difference, provided that the interest made payable by the vendor during his incumbency does not exceed the ordinary rate of interest. If, however, the vendor, the incumbent, should afterwards resign, and thus become relieved from further payment of interest, a serious question might arise as to whether such resignation were not simoniacal within the meaning of the Act 31 Eliz., c. 6, sec. 7. Digitized by Microsoft® 104 AGREEMENTS. FOR SALE OF ADVOWSON AND ANNUAL £ SUM. **'' case may be) for the sum of £ , and also an annual sum of -, being equal to interest on the said sum of £ , after secure annual sum. the rate of £4 per cent, per annum, to be paid for such period and in such manner, and to be so secured as hereinafter men- tioned, the said purchase-money to be paid on the day of next, at the office of Mr. (the vendor's solicitor), at which time and place the purchase is to be completed. Vendor to H. XJpON payment of the purchase-money as aforesaid the execute ^ r J a -^ assurance of vendor and all other necessary parties (if any) shall make and advowson, •' ^ ^ ^ ■ ^ ' bondiM execute a proper assurance of the said (advowson, or next pre- sentation, as the case may be), and shall also give and execute to the purchaser his (the vendor's) bond in a sufficient penalty con- ditioned for the payment to the purchaser, his executors and administrators, of the said annual sum of £ , commencing from the day of next, and to be payable until the day on which the said benefice shall next become vacant, and to be payable by equal half-yearly payments on the day of , and the day of in every year, the first of such payments to be made on the day of next (a). The assurance and bond to be executed as aforesaid shall be prepared by and at the expense of the purchaser, and shall be left by him before the said day of next, at the office aforesaid, for execution by the vendor. {Bemaining clauses as in Precedent No. XI,) In witness, &c. POK SALE OF ADVOWSON AND INVESTMENT OF PUROHASE- MONEY UNTIL VACANCY. No. XIV. AGREEMENT for Sale of an Advowson, or Next Presentation, where it is part of the arrangement that the Purchase-money shall be invested until a Vacancy, and the Income received by the Pur- chaser (b). ARTICLES OF AGREEMENT made the day of , Between A, B. of &c. (hereinafter called "the vendor"), of the one part, and C. D. of &c. (hereinafter called "the purchaser") of the other part, whereby it is agreed as follows : — (a) Six calendar months after the day appointed for completion. (b) See p. 103, supra, note (6). Digitized by Microsoft® AGREEMENTS. 105 FOR SALE OF ADVOWSON AND INVESTMENT OF PUHCHASE- MONEY UNTIL VACANCY. I. The vendor shall sell and the purchaser shall purchase All that, &c. {describe advowson, or next presentation, as the case may he), at the price of £ : the purchase to be com- pleted in the manner hereinafter mentioned on the day of next, at the office of Mr. , the vendor's solicitor. II., III., IV. {Conditions as to delivery of abstract and time to^lKa for making requisitions — commencement of title — expense of^^^"^^^' production of deeds, dc, as in Precedent No. XL) V. Upon the day of next, the purchaser shall ^'^^'=^"^,^; ^ pay the said purchase-money of £ to two trustees, one to invested, be nominated by the vendor and the other by the purchaser, upon, trust to invest the same in Bank £3 per cent, annuities, and pay the dividends thereof to the purchaser, his executors or administrators, until the said benefice shall next become vacant, and subject to the trust aforesaid, and also to Article IX., in trust for the vendor, his executors, administra- tors, and assigns. And upon payment of the said purchase- money as aforesaid, the vendor shall execute a proper assur- ance, &c. (supra, p. 102). VI., VII., VIII. (Power to rescind contract — as to interest — and on vacancy of benefice before completion vendor to present nominee of purchaser, as in Precedent No. XI.) IX. If the next presentation shall devolve on the Crown by Provision . . ., ... .J . in case next reason of the promotion of the present incumbent to a bishopnc, iics.ntation • 1 1 1 T> 1 fn devolves on this agreement shall be void, and the Bank £3 per cent, an- cmwn. nuities, representing the purchase-money, shall thereupon be transferred to the purchaser as his absolute property (a). No. XV. AGKEEMENT for Sale where part of the Purchase- foe sale •' "^ WHERE PARI MONEY is to REMAIN OH MORTGAGE of the PROPERTY PDRCHASE- for A CERTAIN Period. >«»'ev ARTICLES OF AGREEMENT made the day of , Between A. B. of &c. (hereinafter called "the vendor"), of the one part, and C. D. of &c. (hereinafter called " the pur- chaser "), of the other part, whereby it is agreed as follows : — (a) See p. 103, suprd, note. Digitized by Microsoft® REMAINS ON UOKTGAGE. 106 AGREEMENTS. FOR SALE WHERE PART PURCHASE- MONEY REMAINS ON MORTGAGE. I. The vendor shall sell and the purchaser shall purchase All those, &c. {'parcels), and the inheritance thereof in fee simple in possession, free from incumbrances, at the price of £3000. to^iiZd II- to VI- {Conditions as to delicery of abstract and time purchase, y^^ making requisitions — expense of production of deeds, dc. — commencement of title and errors of quantity, d-c, supra, pp. 87, 88). Time Tor VII. The purchase shall be completed on the day of ofpurcimsej uext, and from that day the pn rchaser shall be entitled to the rents and profits of the said premises, all outgoings up to that day being discharged by the vendor. If the purchase shall not be completed on the said day of , the purchaser shall pay to the vendor interest on the said purchase-money from the said day of , until the completion of the said purchase, on the sum of £1000, part thereof, after the rate of £5 per cent, per annum, and on the sum of £2000 residue thereof after the rate of £4 per cent, per annum. Vendor to VIII. IJPON the Completion of the purchase, the vendor shall execute execute to the purchaser a proper assurance of the said pre- mises ; and as some of the muniments of title relate to other property of the vendor, as well as to the said premises hereby agi-eed to be sold, the same shall be retained by him upon his entering into the usual covenant with the purchaser for the pro- duction of the same. The said assurance and deed of covenant shall be prepared by and at the expense of the purchaser. p^^^f IX. Upon the completion of the purchase, the purchaser money to ^^^^^ V^J ^0 ^^^^ Vendor the sum of £1000, part of the said purchase-money, and the sum of £2000 (residue thereof) shall remain on mortgage of the said premises, at interest, after the rate of £4 per cent, per annum, payable half-yearly. And by the mortgage-deed the said principal money shall be made payable on the day of next, but subject to provisoes precluding the vendor from calling in the same during a term of ten years, computed from the — ^ — day of next, in case interest shall be regularly paid in the meantime within thirty days after the several half-yearly days of payment thereof respectively, and in case the purchaser shall duly observe the covenants (other than the covenants for payment of principal and interest) to be contained in the mortgage- deed ; and also precluding the purchaser from compelling the vendor to receive the said principal money before the expiration of the said term. Digitized by Microsoft® money to remain on mortgage. AGREEMENTS. lO'; FOR SALE HERE PART OF PURCHASE- MONEY REMAINS ON MORTGAGE. And the said mortgage shall also contain covenants by the pur- ' chaser for the payment of the principal money and interest, and such power of sale, and other powers and provisions for better securing the payment of the principal money and interest, as the vendor shall reasonably require. X. The said mortgage shall be prepared by the vendor at Mortgage to ° ° r r J te executed the expense of the purchaser, and shall be executed by the immediately purchaser immediately after the execution by the vendor of p'""""- tlie assurance of the said premises to the purchaser. All the deeds and muniments of title which but for such mortgage the purchaser would be entitled to have delivered to him upon the completion of the purchase, shall be retained by the vendor as inortgagee, and the transaction shall be treated in all respects as if the purchaser had duly paid the whole of the purchase- money to the vendor upon the completion of the purchase, and the vendor had immediately thereupon repaid the same to tlie purchaser, by way of loan upon such security as aforesaid. In witness, &c. No. XVI. AGREEMENT for Sale to a Railway Company ; Vun- ci-iASE-MONEY to include Compensation for Sever- ance; Company to make specified Accommodation Works. ARTICLES OF AGREEMENT made the day of FOR SALE TO RAILWAY COMPANY. Between A. B. of &c. (hereinafter called "the vendor"), of the one part, and C. D. of &c., and E. F. of &c., two of the Directors of the Railway Company, incorporated by the Railway Act, 18 — (hereinafter called "the company"), for and on behalf of the compan}', of the other part, whereby it is agreed as follows : — I. The vendor agrees to sell, and the company agrees to ^^greenieiu purchase, the pieces or parcels of land specified in the 1st purchase, schedule hereto, and the (a) mines and minerals (if any) there- fa) If it is intended that the purchase shall include the mines, they must be expressly mentioned.— See " Railways Clauses Consolidation Act," 1845, sect. 17. Digitized by Microsoft® 108 AGREEMENTS. RAILWAY COMPANY. Accommo- dation works. Completion of purchase. *^r«1wIy™ under, and the appurtenances thereto, and the inheritance thereof in fee simple, free from incumbrances, for the sum of £ , such sum to be in full satisfaction and compensation for all damage to be sustained by the vendor by reason of the severing of the said lands from the other lands of the vendor, and for all other damage or injury to be sustained by such other lands by reason of the formation of the intended railway, and the execution of the works connected therewith, and to be in full satisfaction also for all accommodation works, except as provided in Article II. of this agreement. II. The company shall, as soon as conveniently can be, make and for ever maintain the several works specified in the 2nd schedule hereto for the accommodation of the adjoining lands of the vendor and the owners and occupiers for the time being of the same. III. The purchase shall be completed on the day of , at the office of Messrs. , the vendor's solicitors, and the company shall from that day be entitled to the possession of the said premises, all outgoings up to that time being cleared by the vendor. If from any cause whatever the purchase shall not be completed on that day, the company shall thenceforth pay to the vendor interest on the said purchase-money after the rate of £5 per cent, per annum. IV. If the vendor shall let the company into possession before the said day of , the company shall pay interest on the said purchase-money after the rate aforesaid, from the day when they shall be so let into possession. V. The vendor shall, on or before the day of , deliver to the company, or their solicitor, an abstract of title to the said premises, commencing at such period as the company shall require. VI. Upon the payment of the purchase-money at the time and place aforesaid, the vendor shall execute to the company a proper assurance of the said premises, such assurance to contain proper covenants and provisions for the making and maintain- ing by the company of the accommodation works specified in the 2nd schedule hereto, and a counterpart of such conveyance, duly executed by the company, shall be retained by the vendor. The vendor shall also enter into the usual covenant for the produc- tion of all such deeds not delivered up to the company as the company shall require. Company, if let into possession, to pay • interest. Delivery of abstract. Vendor to execute assurance to the com- pany. Digitized by Microsoft® AGREEMENTS. 109 6AI.E TO RAILWAY VII. (a) The costs and expenses, as well of the vendor as of ™^^ the company, incurred and to be incurred in or about the "'"'*'"■ preparation and execution of this agreement, and the negotia- costs and ^ _ ^ ^ _ o ' o expenses tion preparatory hereto (including the charges of the vendor's*"^?*"™" r r ^ J ^ \ o ^ o by the com- surveyor for his valuation of the premises), and in or about the P'^^y- preparation and execution of the conveyance, and the counter- part thereof, and of all other documents relating to the assurance of the said premises, and in or about the preparation of the ab- stract, and the deducing and verifying of the title of the vendor, and all other costs and expenses (if any) which, in the absence of any special agreement, would be payable by the company under the Lands Clauses Consolidation Act, 1845, shall be borne and paid by the Company. In witness, &c. The 1st Schedule above eeferked to. All those pieces or parcels of land situate in the parish of • in the county of , containing by admeasurement - being parts of several pieces or parcels of land, called re- spectively , and numbered , as regards the said parish of , in the plans and books of reference of the intended railway, deposited with the Clerk of the Peace for the said county, and which pieces or parcels of land, agreed to be sold by the above-written agreement, are delineated and coloured pink in the plan drawn in the margin of the schedule. The 2nd Schedule above referred to. {To describe the accommodation works.) (a) By the " Lands Clauses Consolidation Act," 1845 (sect. 82), all the costs of the conveyance, and of deducing the title, are thrown upon the company, but it is desirable to insert in agreements an express clause as to costs, as it might otherwise be questioned whether the statutory provision was not excluded by implication. Digitized by Microsoft® 110 AGREEMENTS. FOR BALK TO RAILWAY COMPANY. [Another Form.] No. XVII. AGREEMENT /or Sale to a Railway Company ; Power to Company to take Possession before Completion upon Depositing Purchase-money. ARTICLES OF AGREEMENT made the Agreement to sell and purchase. Company to pay additional Bum for severance. Ari-nmmo- cL-ition works. Company may take poHsession on depo- siting purchase- money. day of Between A. B. of &c. (hereinafter called " the vendor "), of the one part, and C. D. of &c., and E. F. of &c., two of the Directors of the Railway Company, incorporated by the Railway Act, 18 — , (hereinafter called " the company "), for and on behalf of the company, of the other part, whereby it is agreed as follows : — I. The vendor agrees to sell and the company agrees to pur- chase the pieces or parcels of land specified and described in the schedvile hereto, with their appurtenances, at the price of £ (a). II. In addition to the said purchase-money of £ , the company shall pay to the vendor the sum of £ , as and by way of compensation for all damage to be sustained by him by reason of the severing of the said lands from the other lands of the vendor, and for all other damage or injury to be sustained b^' such other lands by reason of the formation of the intended railway and the execution of the works connected therewith. And the, company shall be bound to make and maintain such works for the accommodation of the adjoining lands of the vendor and the owners and occupiers for the time being of the same, as in the absence of any agreement to the contrary they would be bound to make and maintain under the provisions of the Railway Clauses Consolidation Act, 1854 (b). III. (For completion of purchase and payment of interest, same as Clause III, of Precedent No. XVI.). IV. If the company shall be desirous of taking possession of the lands before the actual completion of the purchase, the company shall be entitled so to do, upon depositing the pur- chase-money in the bank of Messrs. at in the joint (ff) As mines are not expressly mentioned, they will remain the property of the vendor under this agreement.— See " Railways Clauses Consolidation Act," sect. 77. (t) See as to accommodation worlis, the " Railways Clauses Consolidation Act," sects. £8 to 75. Digitized by Microsoft® AGREEMENTS. Ill names of the vendor and , and in sucli case the company ^ba'lwIy™ shall pay interest upon the purchase-money from the time of [^'""y^^^' taking possession until the completion of the purchase after the ^°""'' rate of per cent, per annum, and the money so deposited shall remain in the bank at the risk of the company, who shall be entitled to any interest allowed by the bank thereon. v., VI., VII. {As in Precedent No. XVI., supra, pp. 108, 109.) In witness, &c. TuE Schedule above referked to. No. XVIII. BtTlLDlNG AGREEMENT for Building Grant in fee, in Conside- RATION of perpetual Rentcharge. g rant. ARTICLES OF AGREEMENT made the day of , Parties. Between A. B. of &c. (hereinafter called " the vendor "), of the one part, and C. D. of &c. (hereinafter called " the purchaser"), of the other part, whereby it i§ agreed as follows : — I. When and so soon as the architect or surveyor for the JJp^J'JJ," time being of the vendor (hereinafter called " the architect ") Jhat'buiw- shall have given his written certificate that the dwelling-houses Spiete, hereinafter agreed to be built are completed and made fit for exwuto*" habitation to his satisfaction, the vendor shall effectually grant ^'"'*" and convey all that plot, &c. (describing it), with the appur- tenances, to the uses following (that is to say), to the use that ^°Xr may the vendor, his heirs and assigns, or a trustee nominated by him '^tui^eut for that purpose, bis heirs and assigns, may from the day of receive out of the' said premises a perpetual yearly rentcharge of £ per annum to be issuing out of and charged upon the same and payable half-yearly on the day of , and the day of , without any deduction (except for the property or income tax in respect of the said rent), the first half-yearly payment to be made on the day of , with power of distress in case of default in payment for^jt^powm twenty-one days, and power of entry and perception of rents °f |"s'r<=«S' and profits in case of default in payment for forty days ; and subject to the said rentcharge and to the powers and remedies Digitized by Microsoft® 112 AGREEMENTS. FOR BUfLDING aforesaid for recovery thereof to the use of the purchaser, his """"• heirs and assigns for ever. tbereto^o""' 11- The purchaser may immediately after the execution of £^■66."°°' this agreement enter upon the said plot of ground, and erect Purchaser the buildings, and otherwise proceed with the works coni em- may enter t i i i • and proceed plated by this agreement. with works. '■ •' ° iti-i- t i> t • • Purchaaer HI- The purchaser shall, within one month after obtaining plot, °°™ possession of the said plot of ground, fence in the same with p"e'teviSa3 go"*! and substantial stone walls on all the sides thereof ; and shall before the day of , 18 — , at his expense, under the inspection and to the satisfaction of the architect, build, cover in, and completely finish fit for habitation upon such part of the said plot of ground as is marked out for that purpose in the ply,n hereto annexed, with good freestone and all proper ma- terials of all sorts, and in a good, substantial, and workmanlike manner, two semi-detached villas or dwelling-houses, with proper offices and outbuildings, according to a plan and elevation to be prepared by the architect and under his inspection. feMMto'be 1^- Every division or boundary fence separating the said party-walls. p^Q^. ^f gi-gumj from the adjoining plot or plots, shall (when made) be a party wall, and a proper proportion of the expense thereof shall be paid by the grantees of the adjoining plot or plots, such proportion to be settled by the architect. Purchaser V. The purchaser shall make all proper drains and sewers in drains.' such manner as shall be approved of by the architect. As to flues, VI. No flue or substitute for a flue shall be made in the said dwelling-houses, or in any office or building belonging thereto, but such as shall be carried into the chimney-stacks of the said dwelling-houses. chS'make ^H- ^^ *^® purchaser shall at any time leave the works on buUdtag," ^*'® ^^^^ P^°* °^ ground for one calendar month, or shall not mayrrettei- Complete the said dwelling-houses before the said day of and seu. ^ i^_^ pursuant to Article 3, then it shall be lawful for the vendor or his agent, if he shall think fit so to do, to re-enter upon the said plot of ground and to take possession thereof, and of all buildings and materials whatsoever which maybe thereon, and in whatever state the same may then be either to retain the said plot of ground, buildings, and materials for his own use, or to sell the same or any part thereof by public auction or private contract, and to retain the produce of such sales for his absolute u.se, and to execute all such assurances as may be necessary for carrying into effect any such sale. And upon any Digitized by Microsoft® AGREEMENTS. 113 FOB BriLDING GRANT. sale purporting to be made under this clause, the purchaser shall not be bound or concerned to see or inquire whether either of the cases mentioned herein as authorising a sale has happened. VIII. When and so soon as the architect shall have given Purchasor " to accept his written certificate that the dwelling-houses agreed to be s'*"''- built are completed and made fit for habitation to his satisfac- tion, the purchaser will accept a grant or conveyance of the plot of ground and buildings erected thereon upon the terms herein mentioned, and shall duly execute a duplicate or counterpart thereof. IX. The grant or conveyance shall contain the following Grant to ^ , contain covenants by the- purchaser (that is to say) ; to pay the said ^°™™"^5 yearly rent and all taxes, rates, and assessments whatsoever ^|°^x™' (except the property or income tax payable in respect of the rent) ; to repair and keep in repair the said dwelling-houses and To repair. buildings, and the drains and sewers of and belonging to the said dwelling-houses respectively, except so far as the same may be repaired under any statutory provisions applicable thereto ; to insure and keep insured the said dwelling-houses f" ™"«- and buildings in a sum equal to two-thirds of the value thereof in a well-established fire insurance office, and to produce the policy or policies and the receipts for such insurance when required, and in case of damage by fire or otherwise, to re- build and reinstate the said dwelling-houses and buildings within one year after any such damage shall have occurred ; to permit the vendor, his heirs and assigns, and his or their agent or surveyor, to enter upon the same plot of ground, dwelling-houses and buildings, at all reasonable hours in the day-time, when considered necessary for the purpose of inspect- ing the state of repair, and to repair within three months after notice all defects in repair then found: not to erect any mes- Not to erect *■ other build- suage or building upon the said plot of ground other than the ings without villas or dwelling-houses hereby agreed to be built thereon, consent, without the previous consent in writing of the vendor, his heirs or assigns ; that the boundary walls shall be used as party- That bound 1 -1 T ii 1- • • ary walls walls by any person or persons builamg upon the adjoming shaiibe plots of ground, he and they paying a proportionate part of the expenses of keeping such boundary walls in proper repair, and that no wall bounding in the said plots of ground shall ^"i^^j^'it'^ be carried higher than six feet from the ground floor of the ^^^j^'i'iJigh. said dwelling-houses ; to construct and maintain all necessary VOL. I. I Digitized by Microsoft® 114 AdREEMENTS. FOR BUILDING GRANT. To construct and main- tain drains, &c. Not to cany on any trade or USB premises except as private dwelling- houses, ■without vendor's consent. Grant to contain power of re-entry. Also cove- nants for title, and other usual covenants, &c. Grant, by whom, and at whose cost to bo prepared. Vendor's title ac- cepted. and proper drains, sinks, gutters, gratings, and openings ; and not to carry on or permit to be carried on upon the premises any trade or business whatsoever, or to use the same for any other purpose than as private dwelling-houses, without the con- sent in writing of the vendor, his heirs or assigns. X. The grant or conveyance shall also contain a power of re-entry by the vendor in case the rentcharge or any part thereof shall be in arrear for one year, or in case of breach by the purchaser, his heii's or assigns, of any of the covenants and provisions contained in the grant, such power to be so framed as not to transgress the rule against perpetuities. XI. The grant or conveyance shall also contain the usual covenants for title by the vendor, and all such other covenants, clauses, and provisions as are usual in grants of the like nature or shall be otherwise requisite or proper for carrying into effect this agreement. XII. The said grant and conveyance, and the counterpart thereof, shall be prepared by Mr. , and shall be at the cost of the purchaser, XIIL The purchaser has examined the vendor's title, and is satisfied therewith, and he hereby accepts the same. In witness, &c. FOR LOAN OF MONEY ON MOBT- OAP.E. Agreement to lend. No. XIX. AGREEMENT for the Loan of a Sum of Money on MOETGAGE {a). AETICLES OF AGEEEMENT made the day of Between A. B. of {intended mortgagor), of the one part, and C. D. of {intended mortgagee), of the other part, whereby it is agreed as follows : — I. The said C. D. shall lend to the said A. B. the sum of £2000 upon mortgage of the freehold and copyhold messuages, {a) When a negotiation has been entered into for the loan of money on mortgage, and it 13 contemplated that the investigation of the title will be attended with expense, it is prudent on the part of the intended mortgagee to have an agreement in writing, as, if the title should turn out defective, or for any other reason the mortgage should not eventually be completed, there may in the absence of an agreement be a difficulty in recovering the expense incurred. Digitized by Microsoft® AGREEMENTS. 115 lands, and hereditaments situate in the parish of in thp ^°^ "-o*" county ot , the short particulars whereof are stated in the ""■ '""'■'■ schedule hereto, provided that the said A. B. shall before the " """"^ ■ daj of next deduce a good marketable title to the said premises, [and provided also that the said premises shall be valued by R. H., of &c., or such other competent land sur- veyor as shall be appointed for that pui-pose by the said C. T)., at the sum of £3000 at least, clear of all outgoings] (a). And the said loan shall be made and the said mortgage shall be com- pleted on the day of next, and time shall be deemed of the essence of the contract. II. The principal money to be secured by the said mortgage As to pro- shall be made payable at the expiration of six calendar months mortgage from the date thereof, and shall bear interest from the date thereof, after the rate of £ per cent, per annum, payable half-yearly, and the said mortgage shall contain covenants by the mortgagor for payment of the said principal money and interest, and shall also contain such power of sale and other powers and provisions as the mortgagees shall reasonably re- quire for better securing the payment of the principal money and interest. III. All costs and expenses of and incidental to this agree- costs to bo IT . . T , borne by ment, and the negotiation preparatory hereto, and the mortgage mortgagor. to be made in pursuance hereof (including the investigation of the title, and the valuation of the premises) shall be paid by the said A. B., whether the mortgage shall eventually be com- pleted or not, and whether such non-completion shall arise from [the premises not being of sufiScient value, or from] the title proving defective, or from any other cause (not being the wilful default of the said 0. D.). In witness, &c. The Schedule above referred to. (a) The words within brackets will be omitted where the intended mort- gagee is satisfied as to the value. I 2 Digitized by Microsoft® 116 AGKEBMENTS. No. XX. FOB LOAN OF MONEY ON MORT- OAOE. Agreement to lend. As to pro- visions of mortgage deed. AGREEMENT for the Loan of a Sum of Money on Mortgage, with Provisions for continuing the Loan for a Time certain, and for the Appoint- ment of a Receiver. ARTICLES OF AGREEMENT made the day of , Between A. B. of {intended mortgagor), of the one part, and C. D. and E. F. of (intended mortgagees), of the other part, whereby it is agreed as follows : — I. The said C. D. and E. F. agree to lend to the said A. B. the sum of £7500 upon mortgage of the freehold and copyhold messuages, lands, and hereditaments situate in the parish of , in the county of , the short particulars whereof are stated in the schedule hereto, provided that the said A. B. shall before the day of next deduce a good marketable title to the said premises, and provided also that the said pre- mises shall be valued by R. H. of &c. or such other competent land surveyor, as shall be appointed for that purpose by the said C. D. and E. F., at the sum of £10,000 at least, clear of all outgoings. And the said loan shall be made and the said mort- gage shall be completed on the day of next, and time shall be deemed of the essence of the contract. IL The principal money to be secured by the said mortgage shall be made payable at the expiration of six calendar months from the date thereof, and shall bear interest from the date thereof, after the rate of £ per cent, per annum, payable half-yearly and to be reduced to £ per cent, per annum, in case the same shall be regularly paid within thirty days after the respective half-yearly days of payment thereof, and the said mortgage shall contain covenants by the mortgagor for pay- ment of the said principal money and interest, and shall also contain provisions precluding the mortgagees from calling in the principal money before the expiration of seven years from the date of the mortgage, in case of such regular payment of interest as aforesaid, and also precluding the mortgagor from compellino' the mortgagees to receive the same within the like period of seven years. The said mortgage shall also contain such power of sale and other powers and provisions as the mortgagees shall Digitized by Microsoft® AGREEMENTS. 117 FOR LOAN OF MONEY ON MORT- GAGE. reasonably require for better securing the payment of the principal money and interest. III. The mortgagees may, by a deed to be executed simulta- jj^^^ neously with the mortgage, appoint a receiver of the rents and ^rJcdve?"' profits of the said premises, with such powers and duties as the mortgagees may think fit, for the purpose of better securing the regular payment of interest, and with such clauses and provisions for removing the receiver, and appointing new receivers from time to time, and otherwise, as are usually in- serted in deeds of the like nature, including a proviso that the receiver shall not act until interest shall have become in arrear for one calendar month ; and the said A. B. shall (if required) join in such receivership deed. IV. All costs and expenses of and incidental to this agree- costs to be ■*■ '-' borne by ment, and the negotiation preparatory hereto, and the mortgage mortgagor, to be made in pursuance hereof (including the investigation of the title, and the valuation of the premises), shall be paid by the said A. B., whether the mortgage shall eventually be com- pleted or not, and whether such non-completion shall arise from the premises not being of sufficient value, or from the title proving defective, or from any other cause (not being the wilful default of the said C. D. and E. F., or either of them). In witness, &c. The Schedule above eefeeeed to. No. XXI. AGREEMENT for Lease of Mills, with a provision goRALEASE. enabling intended Lessee to purchase at a definite sum. ARTICLES OF AGREEMENT made the day of • •, Between A. B. of &c. (hereinafter called the " lessor"), of the one part, and C. D. of &c. (hereinafter called the "lessee"), of the other part, whereby it is agreed as follows : — I. The lessor agrees to gi-ant, and the lessee agrees to accept, ^e^^^l"^^ a lease of all those mills or buildings called or known by the accept lease, name of mills ; and also all that and those the messuage Digitized by Microsoft® 118 AGREEMENTS. FOB A LEASE, ^j. tenement, orchard, and two closes of land, to the said mills adjoining or belonging, or held or occupied therewith, and the watercourses and appurtenances belonging to, or held, or oc- cupied with the said premises, for the term of years, to be computed from the day of at the yearly rent of £ , payable half-yearly, on the 25th day of March, and on the 29th day of September, in every year, the first of such payments to be made on the 25th day of March next. Provisions II. The lease shall contain the following covenants on the iained?n' part of the lessco (that is to say), to pay the said yearly rent, and all present and future taxes, rates, assessments, and other outgoings whatsoever in respect of the said premises, to build and finish,, at his own expense, in a firm, substantial, and work- manlike manner, a good and sufficient stone weir, in lieu of the weir which is at present on the said premises, on or before the day of , 18 — , and to build and finish, in like manner, one half at least of the said stone weir on or before the day of next ; to repair, and keep in repair, during the whole of the said term, as well the said mills, buildings, and premises to be comprised in the said lease, as also the said stone weir so to be built as aforesaid, and the same respectively, "together with all fixtures in or about the said premises, in good and sufficient repair, peaceably and quietly to surrender and yield up at the end of the said term ; to insure the said mills and buildings against loss or damage by fire, in the joint names of the lessor and lessee, in some public ofiice of insurance in London or Westminister, in the sum of £ at least, and to keep the same so insured during the continuance of the said term, and at all times when required to produce the policy or policies of insurance, and the receipts for the premiums in respect of the same to the lessor ; and also not to assign, under- . let, or part with the possession of the said premises, or any of them, during the said term, without the consent in writing of the lessor. And the lease shall contain all other covenants (if any) usually inserted in leases of the like nature, and also a proviso or condition authorising the re-entry of the lessor, his heirs or assigns, upon the said premises, on nonpayment of the said. yearly-rent, or any part thereof, for the space of twenty-one days, or in case the lessee shall become bankrupt, or on breach of all or any of the covenants to be contained in the lease on the part of the lessee. III. The lease shall also contain a covenant by the lessor, Digitized by Microsoft® Lease to AGREEMENTS. 119 that in case the lessee shall, at any time before the determina- "Q" please. tion of the said term of years, siomify to the lessor or his- aerent "^onta'i . ^ > <^ J a power for the desire of the lessee to purchase the reversion in fee simple ^^^^f ^ of the said premises, the lessor will accept for the purchase the l^'-^ sum of £ , and will, upon payment of that sum, execute to the person or persons so desiring to purchase as aforesaid a proper assurance of the said premises, and the inheritance thereof in fee simple, such assurance to be prepared by and at the expense of the purchaser : Provided always that in case of such purchase as aforesaid the vendor's title shall commence with an indenture dated, &c., and the purchaser shall not require the production of any earlier title to the said premises, and the production and inspection of all deeds and documents not in the vendor's possession, and all attested or other copies or extracts of or from any deeds or documents, and all certificates, declarations, and other evidence whatsoever which may be required by the purchaser, whether for the verification of the abstract or for any other purpose, shall be at the expense of the purchaser. IV. The lessee shall pay the costs and expenses of and inci- p^y^eoats dental to the preparation and execution of this agreement, and the lease to be granted in pursuance hereof, and the counterpart of such lease. V. Until such lease and counterpart shall be executed, the rent, covenants, and conditions hereby agi-eed to be reserved and contained by and in the said lease, shall be paid and observed as if such lease had actually been executed. VI. The lessee shall not inquire into the lessor's title, nor make any objection or requisition in respect thereof. In witness, &c. BUILDING LEASE. No. XXII. AGREEMENT for a Building Lease for Ninety-nine ^^^^ Years. ARTICLES OF AGREEMENT made the day of , Between A. B., of &c. (hereinafter called the "lessor"), of the one part, and C. D. of &c. (hereinafter called " the lessee "), of the other part, whereby it is agreed as follows : — Digitized by Microsoft® 120 AGREEMENTS. FOK BUILDING LEASE. Agreement to grant lease. Provisions to be in- serted in lease. I. When and so soon as the messuage or dwelling-house _ mentioned in the third article of this agreement shall have been erected and completed by the lessee, the lessor will, by a good and sufficient lease, demise unto the lessee all that piece or parcel of land (describe it), and the messuage or dwelling- house and buildings to be erected thereon, with their appur- tenances, for the term of ninety-nine years, computed from the day of last, at the yearly rent of a peppercorn, if demanded, for the first year of the said term, and at the yearly rent of £ during the residue thereof, payable quarterly on the day of , the day of , the day of — : — , and the day of , free from all taxes, rates, charges, and assessments whatsoever (except the landlord's pro- perty tax, if any) ; the first of such quarterly payments to be made on the day of . II. The lease shall contain covenants by the lessee to pay the said rent of £ at the times and in manner hereinbefore appointed : And also all present and future taxes, rates, charges, and assessments, and all other outgoings whatsoever in respect of the premises (except the landlord's property-tax, if any) : And also to insure and keep insured the said messuage or dwelling-house and buildings to the full value thereof in the joint names of the lessee and lessor in one of the public fire insurance offices in London or Westminster, and at all times when required to produce the policy or policies of insurance, and the receipts for the premiums in respect of the same, to the lessor, or his surveyor or agent, and so often as such messuage and buildings, or any part thereof, shall be destroyed or damaged by fire, forthwith to rebuild or reinstate the same under the direction of the lessor or his surveyor : And also, at the cost of the lessee, sufficiently and effectually to repair, and keep in repair, the said premises, and the windows, sewers, pavements, fixtures, and other conveniences of whatever kind which shall belong or appertain thereto : And also to deliver and yield up the said premises at the end or other sooner determination of the said term in good and substantial repair, state, and con- dition, in all respects : And also to pay and allow a reasonable share and proportion for and towards the costs and expenses of making, supporting, and repairing all pavements, fences, and party- walls, sewers, and drains belonging to the same premises, or any part thereof, in common with other messuages or tene- ments, lands or properties, and so that such proportion shall be Digitized by Microsoft® AGREEMENTS. 12 1 EUILDINO LEASE. ascertained by the surveyor of the lessor : And the said lease •'<"' shall contain a provision enabling the lessor, and any person or persons to be deputed by him, with or without workmen, or others, twice or oftener in every year during the said term, to enter upon the said premises to view the condition thereof, and once in every seven years to take a schedule, or schedules, of the fixtures and things to be yielded up at the determination of the said term as aforesaid : And the said lease shall also contain a condition authorising the re-entry of the lessor upon the said premises on non-payment of the said yearly rent, or any part thereof, for the space of twenty-one days, or on breach of all or any of the covenants to be contained in the said lease on the part of the lessee : [but subject to a proviso precluding the lessor from exercising the power of re-entry in respect of any breach of the covenant to repair, unless and until he shall have given to the lessee, or left for him at or upon the demised premises, a notice in writing specifying the repairs which ought to be done, and the lessee shall neglect to do such repairs for the space of six calendar months after the giving or leaving of such notice (a)]. And the said lease shall also contain all other covenants and conditions (if any) usually inserted in leases of the like nature. III. The lessee will, before the day of , 18 — , at his Lessee to own expense, and at an outlay oi £ at the least, in a good, suages, &c. substantial, and workmanlike manner, with the best materials, and to the satisfaction of the surveyor of the lessor, erect, build, and completely finish, fit for habitation and use, upon the front of the said piece of land towards the road, at the distance of feet from the boundary line of such road, coloured red in the said plan, a good and substantial brick messuage or dwelling- house of the rate of building, character, and description in eveiy respect specified in the specification hereto annexed by way of schedule, and all such outbuildings, conveniences, and sewers as shall be necessary or proper to be used with such messuage or dwelling-house for rendering the same commodious. IV. If the lessee shall not complete the said messuage or Power to less 01* tpO dwelling-house before the said day of , 18 — , pursuant enter if to article 3, or shall not proceed with the works with proper to complete diligence, then it shall be lawful for the lessor or his agent, if (a) A proviso limiting the condition of re-entry as above, though it cannot be said to be a common form, seems fair and reasonable. See Hodgkinson v. Crowe, L. E. 10 Ch. 622. Digitized by Microsoft® 122 AGREEMENTS. FOR BUILDING LEASE. Lessee will accept lease, execute couiiterpart, and pay costs of same. he thinks fit, to re-enter on the said piece of ground and take possession thereof and of all the buildings and materials which may be thereon, and to retain the same as his own absolute property. V. The lessee will accept a lease of the said premises for the terra, at the rent, and subject to the covenants and conditions hereinbefore expressed, and will execute a counterpart thereof, and pay the costs and expenses of and incidental to the pre- paration and execution of this agreement and the said lease and the counterpart thereof, and the lessee shall not inquire into the lessor's title. In witness, &c. No. XXIII. FOR EITILDING LEASE. [Another Form.] AGREEMENT for a Lease for Ninett-nine years of a piece of Land on which several Dwelling Houses are agreed to be built by the Lessee. Special pro- visions, enabling him to have separate Leases 0/ the SEVERAL Houses and to apportion the Eent. MEMORANDUM OF AGREEMENT, made the - Agreement to grant lease or - day of , Between A. B. of &c. (hereinafter called " the lessor "), of the one part, and C. D. of &c. (hereinafter called " the lessee ") of the other part, whereby it is agreed as follows : — 1. When and so soon as the six several messuages or dwelling- houses, erections, and buildings hereinafter agreed to be erected and built, shall be completely finished and made fit for habita- tion, occupation, and use, to the satisfaction of the architect or surveyor for the time being of the lessor, and such architect or surveyor shall have granted his certificate in writing to that effect, the lessor shall and will by one or more good and suffi- cient lease or leases demise to the lessee All that piece or parcel of land {describing it), and the messuages and build- ings to be erected thereon, with their appurtenances, for the term of ninety-nine years, computed from the day of at the yearly rent of one peppercorn for the first year of the said term, the rent of £ for the second year thereof, and the rent of £ for the third year and remainder of the said term, such rents to be payable quarterly on the 2oth day of March, Digitized by Microsoft® AGRKEMENTS. 123 the 24th day of June, the 29th day of September, and the 25th ^ui^dIso day of December in every year, free from all taxes, rates, i^^;^- charges and assessments whatsoever (the landlord's property- ^'^■^ tax excepted), the first of such quarterly payments to be made on the day of . II. Every such lease shall contain covenants on the part of Provisions the lessee to pay the rent to be thereby reserved, and the land- sertcd in tax, sewers rate, tithe rent-charge, and all other taxes and assessments, parliamentary and parochial, or otherwise payable for, or in respect of, the premises, and to repair, maintain, and keep the same and all party and other walls in good and sufficient repair, and to paint the external wood, cement, and iron-work with two coats of good oil colour once in every four years, and the inside wood, iron, and other work before painted or usually painted with two coats thereof, once in every seven years ; and also to insure and keep insured against fire, in the joint names of the lessor and lessee, in the office, or some other office in London or Westminster, the buildings to be included in any such lease, and all future erections on the ground which may be thereby demised in such a sum at the least as shall be equal to the full value of such buildings, and to produce to the lessor the policy of such insurance and the receipts for the premiums whenever the same shall be demanded ; and that any money receivable from such insurance office as aforesaid, in the event of fire, shall be forthwith expended by the lessee in making good the damage, and if the amount so receivable as aforesaid shall be insufficient to reinstate the premises, then to make up the deficiency out of his own monies ; and also to leave the premises in good and sufficient repair with all such fixtures as are usually called landlord's fixtures in good order and condition at the end of the said term, and to permit the lessor and his agents and assistants at all seasonable times in the daytime to enter and view the state of the premises, and to repair according to notice within three months from any such notice, yet so that such notice in writing shall be given upon the premises ; and to restrain and prevent the lessee from carrying on any trade or business on the said premises, or any part thereof, without the written licence or consent of the lessor first had and obtained, and from permitting any encroachment upon the premises, or any right of light or other easement to be acquired over or upon the said premises by or in respect of any premises adjoining or near thereto ; and also that the lessee Digitized by Microsoft® 124 AGREEMENTS. FOR BUILDING will, within twenty-one days after every assignment or under- lAiwiiSr' lease of the said premises, or any part thereof, shall have been ^"^■^ made, give notice in writing thereof to the lessor or his agent, stating the short effect and particulars of such assignment or underlease. And every such lease shall contain a condition or proviso for re-entry by the lessor upon non-payment of rent for twenty-one days, or breach of any of the said covenants [but subject to a proviso precluding the lessor from availing himself of such condition of re-entry in respect of any breach of the covenant to repair and paint, unless and until, &c. (lessor shall have given notice, dc., as in last Precedent, supra, p. 121)] (b) ; and shall also contain all other covenants and provisions (if any) usually inserted in leases of the like nature. Lessee may HI. The lessee shall at his option have either one lease of have either . . . ^ one lease or all the Said six dwelling-houses to be erected as aforesaid, or separate ° ' leases. separate leases of any one or more thereof, and in case of separate leases the said rent shall be rateably apportioned between the premises to be comprised in each lease, the amount of such apportioned rents respectively to be fixed and ascer- tained by the architect or surveyor for the time being of the lessor. Lessee to IV. The lessce will on or before the day of , 18 — , erect _ . houses. erect, cover in, and complete, fit for habitation and use, upon the piece of ground hereby agreed to be demised, in a good, substantial, and workmanlike manner, with fit and proper materials, to be approved of by the architect or surveyor for the time being of the lessor, and under his direction and inspection, and according to a plan, elevation, and detail drawings thereof, which have been signed by the parties hereto, and a copy whereof has been deposited with the said architect or surveyor, six brick-built and slated dwelling-houses, with the areas, fore- courts, iron railings, gates, and garden walls, and _ other appur- tenances thereto belonging. V. {Power to lessor to re-enter, supra, p. 121.) Lessee to VI. The lessee will accept a lease or leases of the said accept lease ■ j- ii i ■, . ""■»-.» or leases, premises tor the term, at the rent, and subject to the covenants and conditions hereinbefore expressed, and will execute a counterpart thereof, and will pay the costs and expenses of and incidental to the preparation and execution of this agreement, and of the said lease or leases and the counterparts thereof (6) See p. 121, note. Digitized by Microsoft® AGREEMENTS. 125 respectively, and the lessee shall not inquire into the lessor's title. FOR BUILDING LEASE. T - [Another In witness, &c. fo^.] No. XXIV. AGREEMENT for the Lease of a Dwelling House for "^ ■''■*™ _, _^ " •' FOB THREE Three Years. tears. MEMORANDUM OF AGREEMENT, made the day of , Between A. B. of &c. (lessor), of the one part, and C. D. of &c. (lessee), of the other part, whereby the said ^ff™™*^ A. B. agrees to let to the said 0. D., and the said C. D. agrees ^^^"^ s'^^''^- to take, the messuage or dwelling-house, with the garden and other appurtenances thereunto belonging, situate and being No. , in street, in the parish of , in the county of , from this day of , 18 — , for the term of three years, at the yearly rent of £ , payable quarterly on the day of , the day of , the day of , and the day of , the first of such payments to be made on the • day of next. And the said C. D. agrees Agreement that during the said term he will duly and punctually paypayrenT,'" the said rent, and also all rates, taxes, and other assessments Una taSs. in respect of the said premises (except the land-tax and land- lord's property tax, if any). In witness, &c. No. XXV. AGREEMENT to Let Furnished Apartments. to let FURNISHED MEMORANDUM OF AGREEMENT, made the day of ^e^s! , Between A. B. of &c. (lessor), of the one part, and 0. D. of Agreement &c. (lessee), of the other part, whereby the said A. B. agrees IS™*shed to let to the said 0. D., and the said C. D. agrees to take, ^S"™'^ all those three rooms on the first floor of the messuage or ™™ ^ dwelling-house situate, &c., and also all and singular the furniture, articles, and effects now being in or upon the said rooms respectively, and also the other articles and things com- prised in the schedule hereunder written, for the term of six Digitized by Microsoft® 126 AGREEMENTS. TO LET rURNISHED APART- TO MENTS. calendar months, to be computed from the day of , at the rent of £ . And in consideration of the , said premises, the said C. D. agrees at the expiration of the said Agreement ir ' o i. ^ by lessee to term to deliver up the said premises, and furniture, articles, deliver up r Jr ' of term "and ^^"^ effects, hereby agreed to be let, in as good a condition as whaTmaybe *^® ^^"^® ^°^ ^^^ i°' reasonable wear and tear and damage by injured. accidental fire excepted. In witness, &c. The Schedule above referred to. No. XXVI TO SUBMIT TO ARBITRA- TION. AGREEMENT to Submit to Arbitration. Recite agreement to refer. Each party covenants to refer certain questions. Eeference. THIS INDENTURE, made the day of , Between A. B. of &c., of the one part, and C. D. of &c., of the other part. {Recite lease by A. B. to C. D. for twenty-one years— also com- mencement of action by A. B. for recovery of possession of the premises, on the ground of a breach of covenant.) And whereas the parties hereto are desirous to put an end to the said action, and for that purpose have respectively agreed to refer the subject thereof to arbitration in manner hereinafter mentioned. NOW THIS INDENTURE WITNESSETH that in pursuance of the said agreement, each of the parties hereto, so far as the covenants herein contained are to be per- formed by him, doth hereby for himself, his heirs, executors, and administrators, agree with the other of them, his executors and administrators, in manner following (that is to say) : I. It shall be, and is hereby, referred to E. F. of &c., and L. M. of &c., or in case of their disagreement to their umpire, to award and determine : 1. Whether any of the covenants contained in the said lease have been broken, arid if so, in what respect. 2. If there has been a breach of covenant, whether the terra granted by the lease has become forfeited, and the said C. D. ought to quit and deliver up possession of the said premises to the said A. B., and within Digitized by Microsoft® AGREEMENTS. 127 TO BUBMIT TO ARBITRA- TION. what time, and whether the said C. D. ought to pay any, and what sura or sums of money to the said A. B. by way of damages for or in respect of such breach or breaches of covenant. 3. If there has been a breach of covenant, and the said C. D. shall nevertheless be permitted to remain in possession of the premises, then what acts, matters, and things (if any) ought to be done and performed by him in order to remedy the breach or breaches of covenant and make good all damage or injury occa- sioned thereby. 4. By and to whom the costs of the said action and of this reference ought to be paid, and whether the same respectively ought to be paid as between attorney and client, or as between party and party. 5. All other matters in controversy which may arise out of the said action, or this reference, or in any wise incidental thereto. II. The said E. F. and L. M. shall, within fourteen days from netemH to apiioint the date of these presents, appoint an umpire. umpire. III. The said arbitration shall be conducted in all respects Arbitration, . ... liow to be according to the provisions as to arbitration contained in the conducted. Common Law Procedure Act, 1854, and shall have all the incidents and consequences of an arbitration under that Act. IV. The parties hereto will abide by and observe the said Pirti"? i" r *t abide by award in all respects. """^'i- In witness, &c. No. XXVII. AGREEMENT by two Tenants in Common /or Partition. ^^^^^^^ ARTICLES OF AGREEMENT made the day of - PAilTITION. Between A. B. of &c. {one tenant in common), of the one part, and C. D. of &c. {other tenant in common), of the other part. Whereas the said parties hereto being seised of the heredita- Becitaiof ments comprised in the two several schedules hereto as tenants ''^ in common in fee simple, have agreed to make partition thereof Digitized by Microsoft® 128 AGREEMENTS. FOR PARTITION. Agreement for paiti- tioii. upon the terms herelaafter expressed. Now it is hereby AGREED between the said parties hereto as follows : I. The hereditaments comprised in the 1st schedule hereto shall, as from the day of next, be the property in severalty of the said A. B., and the hereditaments comprised in the 2nd schedule hereto shall, as from the same day, be the property in severalty of the said C. D. Money to be H. INASMUCH as the hereditaments comprised in the 1st paid by one ^ forMMiaut"^ schedule hereto are of greater value than the hereditaments ofpai-tition. comprised in the 2nd schedule hereto, the said A. B. shall pay to the said C D. such a sum of money, by way of equality of partition, as shall be determined and awarded by E. F. of &c., and G. H. of &c., or in case of their disagreement by their umpire, to whom the same is referred accordingly, with interest for the said sum, after the rate of £4 per cent, per annum, com- puted from the ■ day of next, and the said reference shall be in conformity in all respects to the provisions as to ar- bitration contained in the Common Law Procedure Act, 1854. III. When and so soon as the sum to be paid for equality of partition shall be ascertained and paid, with interest thereon as aforesaid, the parties hereto shall respectively execute and do such assurance or assurances and things as shall be necessary for effecting the partition hereby agreed upon. IV. The deeds and muniments of title which relate as well to the hereditaments comprised in the 1st schedule hereto, as also to the hereditaments comprised in the 2nd schedule hereto shall be retained by the said A. B., and he shall enter into the usual covenant with the said C. D. for the production of the same. Costs. V. All the costs and expenses of, and incidental to this agreement, and the partition to be made in pursuance hereof, shall be paid by the said A. B. and C. D. in equal shares. In witness, &c. Parties to execute mutual assurances. As to title deeds. The First Schedule above referred to. The Second Schedule above referred to. Digitized by Microsoft® AGREEMENTS. 129 No. XXVIII. BUILDING CONTRACT. ARTICLES OF AGREEMENT made the day of , ^^■'■■>"«' '^ ' CONTRACT. Between A. B. of &c., and C. D. of &c., builders and copartners (hereinafter called " the builders "), of the first part, and E. F. of &c., G. H. of &c., and I. K. of &c., carrying on the business of bankers, in copartnership under the name or style of E. F. and Company, of the second part. Whereas the said parties hereto Recite that of the second part beinsr desirous that a banking-house, with second part iifvini 1 ••/• 1 are desirous suitable oinces, shall be erected on a certain piece oi ground of having a 11. 1 • • <~, ■ T • !• banking- belonging to them, situate in btreet, in the city ot > """^ have appointed L. M. of &c., to be the architect for that purpose. Appoint- And whereas plans, drawings, and elevations, of the said Schitect. intended banking-house and offices, and a specification of the '^^^^^> works to be done, and of the materials to be provided in and for p^™/"'"' the erection of the same, have been prepared by the said L. M., and approved of by the parties hereto of the second part. And That L L surveyor, or other fees or oflScial demands arising from the district execution of the said works, and will generally do, execute, andgene- and provide not only all the works and materials described SeJute aii and specified in the said plans, drawings, elevations, and speci- rcribldfn fication resnectively, but likewise all such works and materials tion, &o., ^ •> ' 1 1 • r J • or to be as are necessarily implied or may be reasonably interred in or ^pijed^ from the said plans, drawings, elevations, and specification respectively, for the erection and completion of the said Digitized by Microsoft® 134 AaHEEMENTS. BUILDING CONTEAOT. buildings, with the offices and appurtenances, although the same may not happen to be therein expressly mentioned as to be done by the said builders, the true intent and meaning of these presents being that the works and materials hereby contracted to be done, executed, and provided, shall include all that is requisite for the building and completing the said building and offices according to the said plans, drawings, elevations, and. specification. Buuders not XIV. The Said buildors will not, unless with the consent of to make sub-oontraob the Said L. M., or such other architect as aforesaid, make any without ' *^ consent. sub-coutract for the execution of the works hereby contracted for, or any part thereof, nor, unless with such consent as afore- said, assign or underlet this present contract. The con- XV. The said sum of £ shall be paid to the said builders to be paid in manner following (that is to say), £ part thereof shall be ments. paid by twelve instalments of £ each, upon the certificate from time to time of the said L. M., or such other architect as aforesaid, that work and materials to a sufficient amount shall have been done, executed, or provided by the said builders to the satisfaction of the said L. M., or such other architect as h^nSd^nn aforesaid, and £ , the balance of the said sum of £- be paid on i '^ i _ '^ . > architeotV' shall bo paid within three calendar months after the whole of of works'"'^ t^^ said works shall be completed and finished, and the accounts made up. XVI. The said builders shall not be entitled to demand or receive the said balance of £ until the said L. M., or such other architect as aforesaid, shall certify under his hand that the whole of the said works have been completed a.nd finished to his satisfaction. Sue°St to XVII. The decision of the said L. M., or such other architect as aforesaid, with respect to the amount, state and condition of the works actually executed, and also in respect to any and every question that may arise concerning the construction of the present contract, or the said plans, drawings, elevations, and specification, or the execution of the works hereby contracted for, or in anywise relating thereto, shall be final and without appeal. In witness, &c. be final Digitized by Microsoft® AGREEMENTS. 135 No. XXIX. AS TO LETTEIW PATENT. AGREEMENT to procure Letters Patent, and to Sell a Moiety of the Invention and the Benefit thereof. . ARTICLES OF AGREEMENT made the day of , Between A. B. of, &c. (hereinafter called " the vendor ") of the one part, and C. D. of, &c. (hereinafter called "the purchaser") of the other part. Whereas the vendor hath recently discovered Recite dis- . 1.1/. covery or certain improvements in , and intends forthwith to apply invention. for Her Majesty's Letters Patent for special licence and privi- lege to make, use, exercise, and vend the invention for his use, for the term of years : It is hereby agreed between the parties hereto as follows : — I. The vendor shall sell and the purchaser shall purchase one Agreement moietv or equal half part or share of and in the said invention, purchase I'll 111 ^^^ moiety and all improvements whatsoever which the vendor shall here- pfthe ^ _ , invention. after make or discover therein, and of and in all letters patent which the vendor shall obtain in respect of such invention and improvements, and all advantages incident to or to be derived from the same, for all the term for which such letters patent shall be granted, and for such renewed and additional term or terms as shall hereafter be granted therein, at the price of £ . II The vendor shall, within days next after the date of vendor to •^ , obtain let- this agreement, apply and petition for the said letters patent ters patent and shall follow up such petition by all proceedings and means necessary and usual in such cases, so that the letters patent may be obtained and the specification duly enrolled as soon as pos- sible, and the vendor shall pay all fees and expenses attendant on obtaining the said letters patent. III. Within days after such letters patent shall be ■^j^^j^""'^- granted, the purchaser shall pay to the vendor the said pur- purchaae. chase-money, and the vendor shall execute to the purchaser an assignment of the said moiety, such assignment to be prepared by and at the expense of the purchaser, and to be left by him at the office of Mr. , for execution by the vendor ; and the said assignment shall contain (amongst other things) a covenant on the part of the vendor not to do, or assent to, or cause to be Digitized by Microsoft® 136 AGEEEMENTS, AS TO LETTERS PATENT. Agreement to be void- able in a certain case. done, any act, deed, matter, or thing, whereby the said letters patent shall be forfeited or invalidated, or the right of the pur- chaser to his share thereof be affected, and a provision that the business of the said letters patent shall be managed and con- ducted by the vendor, and that he shall keep regular accounts of the same, and that such accounts shall be at all times open to the inspection and examination of the purchaser, who shall have full power to take copies of or extracts from the same. IV. If the said letters patent shall not be obtained before the day of next, this agreement shall be voidable by the purchaser. In witness, &c. Digitized by Microsoft® ABSTRACTS, SEARCHES FOR INCUMBRANCES AND PURCHASE DEEDS. When a binding contract for sale of lands has been rreface. entered into, whether upon a public auction, or a private sale, the next step in the transaction is for the vendor to furnish to the purchaser an abstract of title, and to verify such abstract. If the purchaser is satisfied with the title as disclosed by the abstract, he makes the usual searches for incumbrances in the proper office or offices, and if the result of this search is also satisfac- tory, the sale is carried into effect by a deed of con- veyance, and by payment of the purchase-money. It is deemed convenient to introduce in this place three Dissertations : — I. On Abstracts and their verifi- cation. II. On Searches for Incumbrances; and HI. On Purchase Deeds. I.— ABSTRACTS AND THEIR VERIFICATION. Unless the conditions or agreement for sale stipu- ,^™"'o"°°" late to the contrary, on the sale of freeholds or copy- *'*'^- holds the title « must be deduced for a period of forty years, that period having been substituted for sixty years by the " Vendor and Purchaser Act, 1874." And in cases where an earlier title than sixty years might have been i-equired under the former practice, an earlier title than forty years may now be required (a). A purchase-deed, or marriage settlement, is a good instrument with which to commence the abstract. If the title commences with the will of a person who died forty years since, then proof by old leases, declarations, receipts of rent, parish books, &c., &c., should be (ft) " VenJov iintl Purchaser Act,'' sec. 1, Digitized by Microsoft® 138 ABSTRACTS. supplied that lie was in possession of the estate, or in the receipt of the rents and profits, at the time of his decease. If the abstract commences with a recovery deed or other disentailing" assurance, the purchaser may require the title to be carried back to the creation of the entail ; and so it may be said of any other kind of instrument, which depends upon any previous docu- ment or act for its validity. And if it appears that the estate tail was barred by fine, a clear title must be deduced to the reversion, or the remainder in fee. If the abstract commences with an appointment, the pur- chaser is entitled to have the instrument creating the power abstracted. Again, an admission to copyholds is not a proper commencement of title without the surrender on which the admission was grounded. In a word, it is necessary that the title should be properly commenced, as it must be satisfactorily deduced as to the legal as well as the equitable estate, the abstract showing that the vendor is entitled to the lands and the inheritance thereof in fee simple in possession, free from all incumbrances. of pSrofaser There is no direct authority on the general question ^S°°* whether a purchaser is entitled to the production and deeds. inspection of deeds in the vendor's possession or power of earher date than the earliest deed abstracted, where the abstract shows a good forty years' title. The opinions of Mr. Jarman and Mr. Hayes appear to be in favour of the purchaser's right, and this view is supported by Mr. Drewry in a note to the case of Parr V. Lovegrove, reported by him (h). In that case the Court considered, that having regard to the title shown by the vendor the purchaser was entitled to the pro- duction of the earlier deeds, but not to have them abstracted. The general question, however, was not decided. Where an abstracted deed recites or refers to a deed more than forty years old, it is conceived that if the recited deed is not in the possession or power of the vendor, and does not as recited throw any reasonable suspicion on the title, no objection can be made on the ground of its non-production ; but that if the recited (i) 4 Drew. 170, 180, 182. Digitized by Microsoft® ABSTflACTS. 139 deed is in fhe vendor's possession or power, lie must produce it for inspection, but need not abstract it (c). If the property is subject to any existing leases, the mqw.as vendor should allow the purchaser to inspect the i«^^s!"°^ counterparts, so that it may be seen that they contain no unusual provision in favour of the lessee, — as for instance, a right of pre-emption — and that the lessor has entered into no covenant which could prove a burthen on the estate in the hands of the purchaser. From the document which commences the title every Y^st^t deed, instrument, incumbrance, and fact, relating to, or *°^* aflPecting the title, should be stated in the abstract, except leases which have expired by effluxion of time. Thus, a mortgage deed must be abstracted although the money may have been repaid, and the property has been reconveyed. Where there has been a mere equitable morteraare, Equitawe i"ii 1 Ti T • I • 1 Op' mortgages. which has been discharged, it is usual not to mention it in the abstract, and Mr. Dart approves of and de- fends the practice (d), notwithstanding the opinion to the contrary of Vice- Chancellor Wood (e). Deeds which do not affect and never have affected ^^^i^. ""' -I . t 1 -, 1 . « affecting the right to sell or dispose of the property, although nf^^t'^" they may confer some beneficial interest in it, need not, abstracted, it is conceived, be abstracted. For example, if lands have been conveyed to a trustee for sale by one deed, and by another deed the trusts of the purchase-money are declared, the latter deed, though it confers a bene- ficial interest in the property, does not affect the right to deal with it by way of sale or otherwise, and need not be abstracted. Again, where a mortgage is made to persons by one deed, and by another it is declared that the mortgagees are trustees for others, the latter need not be abstracted. Any judgments, crown debts, executions, extents, or Judgments, lis pendens affecting the property, should be mentioned in the abstract. The purchaser, or his solicitor, is entitled and should "^ll^^ never neglect to examine the abstract with the deeds, should do. (c) Prosser v. Watts, 6 Mad. 59 ; edition. Moulton V. Edmonds, 1 De G. F. & (e) Drummond v. Tracey, Johns. J. 246. 108. (d) 1 Dart, V. & P. p. 277, 4tli Digitized by Microsoft® 140 ABSTRACTS. wills, and other instruments relating to the title, or with attested or official copies of them, and he should on no account omit to make the proper searches for incumbrances. As to settle- Articlos bcfore marriage, in pursuance of which in pursuance Settlements have been made, should be abstracted, as well as the settlements themselves, to show that the articles were duly carried into effect. pi-OT^dby' When it is necessary to show the birth, death (e), or ceitiftcates. marriage of any person, the fact must be proved either by a recital or statement contained in some deed, in- strument, act of parliament, or statutory declaration, dated twenty years before the date of the contract (/), or by a certificate obtained from the proper registers [g). Certified extracts from non-parochial registers, which, under the provisions of the 3 & 4 Vict. c. 92, are deposited in the custody of the Registrar-General, are now made evidence by that Act {h). On claim by When the title, or any portion of it, depends on a claim by descent, the facts supporting the pedigree must be proved, either by recitals or statements in deeds, &c., twenty years old {i), or by the strict legal evidence of such facts, if it can be procured. If not, extracts from parish books, family Bibles, old books or papers, inscriptions, tombstones, or the declarations of old persons, will often be admissible as proof. Proof of When prior estates are alleged not to have vested for fail lire of ir»iir»"i r** i n issue. deiault or lailure oi issue, the same proof of want of issue must be shown as is required to verify a pedigree. In the case of wills, the abstract is verified by production of the probate, or an office copy, which is now sufficient evidence as to real as well as personal estate (_;"). A fine is proved by the chirograph, or an exemplifi- Proof of wills. KviclDiice of fine. («) As to what amounts to pre- 1874," sec. 2, rule 2. sumption of death, see Doe v. Ne- {g) See 6 & 7 Wm. 4 c. 86 • pean, 5 B. & Ad. 86 ; In re Beas- 1 Vict. c. 22 ; 16 & 17 Vict c" 134 ' ney's trust, L. B. 7 Eq., 498 ; In (h) Sec. 9. re Pheiios' trust, L. R. 5 C. A. 139 ; (i) " Vendor & Purchaser Act In re Lewes' trusts, L. R. 6 C. A. 1874," sec. 2, rule 2. ' 356. ,^ , „ „ , (i) See the " Probate Act," 20 & (/) « Vendor & Purchaser Act, 21 Vict, c, 77, sec. 4. Digitized by Microsoft® ABSTKACTS, 141 cation under the seal of the Court, or by a copy- examined with the roll, and passed by the examiner (k). The best evidence of a recovery is an exemphfication. Recovery. or a copy examined with the roll. It must be seen that every document has been pro- ^^l^f°°- perly executed and attested, and that the proper stamps *"=■ have been affixed. In cases where enrolment, registra- tion, or acknowledgment is necessary, care must be taken to ascertain that the documents have been pro- perly enrolled, registered, or acknowledged {as the case may be), according to the provisions of the statutes making these formalities necessary. When the consideration is in money, it must be seen ^Sera-"" that a receipt is endorsed on the deed. *'""• The recital of a lease for a year executed before the 4 & 5 Vict. c. 21, is by that Act made conclusive evidence of its due execution. It should be seen, that there is no outstanding in- SS'"^ terest which ought to be got in or released, such as dower, freebench, curtesy, or any other unsatisfied charge. Although more than twenty years may have elapsed since legacies, &c., and other sums charged on the land became payable, the receipts for such legacies and sums must be produced, or a release must be ob- tained from the person entitled to these charges, as the claims on their account may still be subsisting by reason of infancy, or other incompetency, or by reason of some intermediate acknowledgment (l). When powers have been executed, it must be ascer- ^xorattonot tained that they have been exercised with the needful p""""-'- formalities. The 12th section of the 22 & 23 Vict. c. 35, provides that a deed thereafter e'xecuted in the presence of and attested by two or more witnesses in the manner in which deeds are ordinarily executed and attested, shall, so far as respects the execution and attestation thereof, be a valid execution of a power by deed or in- strument not testamentary, notwithstanding that such deed or instrument may require some additional or other form of execution or attestation, but not so as to defeat any direction in the instrument creating the (k) Biirt. Comp. 487 ; Dart, V. & Cooke v. Soltau, 2 Sim. & Stu. 154 ; p 210. 3 & 4 Wm. 4, c. 27, sec. 40. \l) Shields v. Eice, 3 Jur. 950; Digitized by Microsoft® 142 ABSTRACTS. power that the consent of any person shall be neces- sary to a valid execution (m). The mere fact of the mention of powers in former deeds may often be a sufficient reason for inquiring, whether they have been to any extent exercised. to Ste-"^ It may sometimes also be desirable to inquire, whether ments. any settlement aflPecting the estate has been executed which has not been noticed in the abstract ; but in all these cases the expediency of making such inquiries must depend upon the particular condition of the title, and the circumstances or suspicions which it suggests. Proceedings If any Dortiou of the title depends on proceedings in in- m insol- - 11 11 1 . /^ ibmfau^c solvency or bankruptcy, the abstract must be verified by the production of certified copies of such proceedings (n). Identity. When the description of the parcels has been altered, or they are not sufficiently described in the deeds, proof of identity by leases, parish assessments, receipts for rent, declarations, or other evidence, should be supplied. Proof of As to deeds which require to be enrolled, thev are enrolled -,-. -. ■*■_ , ,»' deeds. proved by production oi examined copies of the originals ; but if the originals are in the custody of the vendor, the purchaser would be entitled to their production. Land-tax. If the property is sold discharged from land-tax, the redemption of the land-tax is shown by the certificate of the Commissioners, with the receipt of the cashier of the Bank of England, and memorandum of registration (o). Proof of When a person seised or entitled is stated to have died intestate, letters of administration are the best evi- dence of intestacy, and should be produced. If the deceased owner had made a will, but died intestate as to the particular property, the will should be mentioned in the abstract, with a statement that it contains no devise or bequest of the land in question. (m) As to attestation, see Wrigiit 134, abolishes the Insolvent Court, V. Wakeford, 17 Ves. 454 ; Buller see sees. 19 — ,30. V. Burt, 4 Ad. & El. 15 ; Doe v. (o) 42 Geo. 3, c. 116, sec. 38 ; Burdett, 9 Add. & El. 936 ; New- Buchanan v. Poppleton, 4 Jur. N.S. ton V. Eicketts, 9 H. L. C. 262. 414. Land-tax redeemed under 38 (n) As to insolvency, see 1 & 2 Geo. 3, c. 60, is personal estate. Vict. c. 110, s. 105 ; 5 & 6 Vict. c. The 16 & 17 Vict. c. 115, sec. 2, 116, s. 11 ; 7 & 8 Vict, c. 96, s. 37. provides for the merger of all land- As to hankruptoy, see 1 & 2 Wm. 4, tax redeemed under any contract c. 56, s. 29 ; 12 & 13 Vict. c. 106, s. entered into after the 20th Aueust 236 ; 24 & 25 Vict. c. 134 ; 32 & 33 1853. ' Vict. c. 71. The 24 & 25 Vict. c. Digitized by Microsoft® intestacy. ABSTRACTS. 143 When the title-deeds are lost or destroyed, the vendor Ite^tu- must prove the fact of the loss or destruction, and must ^0"^ also furnish the purchaser with the means of showing what were the contents of the destroyed deeds, and of proving that such deeds were duly executed (p). A recital in a deed forty-four years old has been held to be sufficient secondary evidence of the contents and due execution of the recited deed (q). If the deed was executed by attorney, the power or Execution letter should be produced, and proof should be given attorney^ that the principal was living at the time when the attorney executed ; and if the power was not supported by a valuable consideration, the purchaser must be supplied with proof that the principal had not revoked the power prior to the deed, which was executed in pursuance of it. Lord St. Leonards suggests, that where purchase-money is paid to such an attorney, he should execute a declaration of trust of the purchase- money for the purchaser, until he is furnished with conclusive evidence that the vendor was alive at the execution of the conveyance. When the property is leasehold, the original lease ^^^'^^h^^ia, and all the subsequent assignments should generally be abstracted ; but if the property is held under a very ancient lease, it is sufficient to commence the abstract with the original lease (?'), and then to take up the title at a period of forty years from the time of the pur- chase. It has been seen, that in the absence of stipu- lation, the purchaser is precluded by the new statutory rules ^om calling for the lessor's title. When the estate has been specifically bequeathed, and the sale is made by the specific legatee, proof must be given of the assent of the executor to the bequest. On the sale of renewable leaseholds, where the lease ^newawe is expressed to have been granted in consideration of ''"''«''°''^'- the surrender of a prior lease, the vendor must show the title to the surrendered lease (s). A purchaser of leaseholds should require the pro- ^^^^^ duction of the last receipt for the rent, and should be ™°*' '«'• (p) Bryant v. Busk, 4 Eus. 1. B. Ex. CIi. 213. (q) Moiilton v. Edmonds, 1 De G. (s) Hodgkinson v. Cooper, 9 Beav. F. & J. 246. 304. (?) Frend v. Buckley, L. E. 5 Q. Digitized by Microsoft® 144 ABSTRACTS. careful to ascertain that all the covenants in the lease have been performed up to the date of the purchase. He should also examine the lease for the purpose of ascertaining that it is not an underlease, and that there is no other property comprised in the lease to which the covenants and provisoes extend. fled*tenni!" As to Satisfied terms, the document creating the term should be abstracted, together with the mesne assign- ments. If they have become merged under the pro- visions of the 8 & 9 Vict. c. 112, for rendering the assignment of satisfied terms unnecessary, the title to the term must be traced down to the period of such merger. If the term is of ancient date, it is sufficient to abstract the deed creating the term, and then to take up and trace the title to the term at the point at which the title to the inheritance is commenced. A valid objection to the title could not be raised, on ac- count of the deed' creating the term being lost, if it were of ancient date. Copyholds. As to copyholds, the abstract should contain a copy of the entries on the Court Rolls relating to the estate, accompanied by the necessary instruments, facts, and proofs, to show the equitable title; and the title is proved and verified by the production of copies of the Court Rolls. Where an owner dies seised, proof must be given that he did not leave a wife entitled to free- bench. When a conditional surrender has been made to a mortgagee, and he has not been admitted, it should be shown that satisfaction has been entered up. On the purchase of copyholds, inquiry should be made as to the customs of the manor, especially as to descent, free-bench, fines, heriots, rents, &c. ; and the purchaser should search the Court Rolls of the manor, in addition to the general searches which should be made for judgments, &c. fanlsfnS™ ^"^ ^'^ abstract of title to lands granted by the Crown, or a rectory impropriate, the original grant must precede the deduction of the modem title, so as to show that it was a grant in fee, that no rent was re- served, and that there is no remainder or reversion in the Crown. The title from the original grantee to the com- mencement of the modern title need not be produced. Digitized by Microsoft® rectories impropriate, ABSTRACTS. 145 The title to advowsons must be traced for three as to entire incumbencies if the time of such incumbencies ^''°^"""'- shall together amount to the full period of sixty years ; but if the times of such incumbencies do not together amount to sixty years, then for such fiirther time as with the times of such incumbencies will make up the full period of sixty years ; and the purchaser must be furnished with a list of the presentations which have taken place within the required period. But no ad- vowson can be recovered after the expiration of one hundred years, from the time at which a clerk has obtained possession of the benefice adversely, so that the title need never be carried back beyond one hun- dred years, although there may not have been three entire incumbencies within that time {t). The new rules laid down in the second section of the " Vendor and Purchaser Act, 1874," apply only to con- tracts for the sale of land. It would appear, therefore, that contracts for the sale of advowsons, which can hardly be brought within the term "land," are not governed by these rules. On the sale of life or reversionary interests in trust as to life or moneys, the document containing the trust must be intereste." abstracted, and all the clauses which relate to, or can in any respect afiect, the property must be fully set out. If there are any other deeds which relate to the fund, they . also must be abstracted, including any deeds by which new trustees have been appointed, &c., &c. ; and the purchaser will be entitled to attested copies and a covenant for the production of such deeds and documents at the vendor's expense, in the absence of express stipulation to the contrary. The purchaser must ascertain the actual condition and position of the fund at the time of sale, and carefully examine the provisions of the document containing the trust, in order to be satisfied that there is no provision or power under which the corpus of the fund may be diminished or otherwise affected. When the title is derived under an Act of Parlia- ^^J'^™"* "'' ment, a printed copy of the Act must be produced. In purchasing an allotment, it should be ascertained A|^ """*- that the allotment was authorised by the Act, («) 3 & 4 Wm. 4, c. 27, sees. 30, 32. Digitized by Microsoft® 146 ABSTRACTS. As to As to enclosures or encroachments made by a tenant, ments. thej Will generally, as between him and his landlord, be the property of the latter, unless it can be proved that the tenant at the time intended the encroachment for his own benefit, and not to hold it as he held the estate of which he was tenant (u). As to life On the purchase of life policies, the purchaser, in the policies. - if . ^ . J^. ' 111 1 absence oi a stipulation to the contrary, should be sup- plied with proof of the correctness of the statements on which the policy was granted, and that the last premium has been paid ; and if the policy was effected on the life of any other person than that of the assurer, it will be necessary to ascertain that the assurer had at the time a pecuniary interest in the life of the assured. attract. °' ""^^^ purchaser is entitled to the custody of the ab- stract until either the purchase is finally rescinded by consent, or declared impracticable by a Court of Equity (x) ; and if the sale proceeds, the abstract is the property of the vendee. Where land has devolved upon any person by the death of another since the 19th May, 1853, the pur- chaser should call for a receipt and certificate of the payment of the succession duty (y). fonl^au^' ^y ^ i"ecent Act (s) it is enacted that any seller or mortgagor of land, or of any chattels real or personal, or choses in action conveyed or assigned to a pur- chaser, or the solicitor or agent of any such seller or mortgagor, who shall after the passing of this Act con- ceal a,ny settlement, deed, will, or other instrument material to the title, or any incumbrance, from the purchaser, or falsify any pedigree upon which the title does or may depend, in order to induce him to accept the title offered or produced to him, with intent in any of such cases to defraud, shall be guilty of a misde- meanour, and being found guilty shall be Uable to the penalties mentioned in the Act. This Act is extended by the 23rd and 24th Vict. c. 38, s. 8, to mortgagees as well as purchasers. . ^Z) £ofAMostyn« Jones, 15 M. (x) Roberts v. Wyatt, 2 Taunt. & W. 680 ; Andrews v. Hailes, 2 El. 268 & Bl. 349 ; Doe d. Croft v. Tidbury, {y) 16 ■& 17 Vict. c. 51. 14 C. R 304, 325. (a) 22 & 23 Vict. c. 35. sec 24. Digitized by Microsoft® Succession duty. deeds. SEARCHES FOE INCUMBRANCES. 147 II.— SEAECHES FOE INCUMBEANCES. It has been already stated that the abstract to be ProvisioD furnished by the vendor should mention all the docu- ^ '»'" ments and incumbrances affecting the property sold. But in some instances the legislature has provided for the enrolment and registration of documents and in- cumbrances, by means of which the purchaser can, independently of any abstract, discover what documents and charges actually affect the estate. By the 7 Anne, c, 20, it is enacted that a memorial ^f^'^*'""' of all deeds and conveyances and of all wills and de- ^''*- vises in writing, of or concerning or whereby any houses, manors, lands, tenements, or hereditaments in the county of Middlesex may be in any way affected in law or equity, may be registered as therein directed, and that every such deed and conveyance shall be ad- judged fraudulent and void against any subsequent purchaser or mortgagee for valuable consideration unless such memorial thereof shall be registered as by the Act is directed before the registering of the me- morial of the deed or conveyance under which such subsequent purchaser or mortgagee shall claim, and that every such devise by will shall be adjudged fraudu- lent and void against any subsequent piirchaser or mortgagee unless a memorial of such will be registered in such manner as is therein directed. The 8th sec- tion then provides that all memorials of wills that shall be registered within six months after the death of devisors dying in Great Britain, or within three years after the death of devisors dying on the sea or beyond the seas, shall be valid against subsequent purchasers. The 6 Anne, c. 35, ss. 1, 14, contains similar provisions Tortsw™ as to deeds, conveyances, and wills relating to houses, acs. manors, lands, tenements, and hereditaments situate in the East Eiding and the town and county of the town of Kingston-upon-Hull. The 8 Geo. II., c. 6, ss. 1, 15, contains similar provisions as to deeds, convey- ances, and wills relating to houses, manors, lands, tene- ments, and hereditaments situate in the North Eiding; nd the 2 & 3 Anne, c. 4, contains a similar provision L 2 Digitized by Microsoft® 148 SEARCHES FOR INCUMBRANCES. as to deeds, conveyances, and wills, relating to_ houses, manors, lands, tenements, and hereditaments situate in the West Riding ; and by the 20th sect, of this Act it is declared that all memorials of wills that shall be registered within six months after the death of every devisor dying in England, Wales, and town of Berwick- upon-Tweed, or within three years after the death of every devisor djdng upon or beyond the seas, shall be valid against subsequent purchasers. "Vendor By the " Vendor and Purchaser Act, 1874" (a), it is Sase"^ enacted that where the will of a testator devising land Bee.' 8. ' in Middlesex or Yorkshire has not been registered within the period allowed by law in that behalf, an assurahce of such land to a purchaser or mortgagee by the devisee or by some person deriving title under him shall, if registered before, take precedence of and prevail over any assurance from the testator's heir- at-law. whatsearoh Whou the subject of purchase is land situate in a should be , ■ ■ o r , ttt'k)oai register county, a search for registered documents Registry, should bo made in the local registry, over the whole period covered by the abstract (6) ; and it must be seen that all the documents requiring registration have been duly registered. If not, the vendor must, at his own expense, register them, but the purchaser must bear the expense of the registration of his own conveyance. DOT-rep's- If ^o '^ill is registered within the six months allowed wuf ^thta ^y ^^6 Acts, and the heir makes a conveyance for valu- months. ^^1® consideration which is registered, and afterwards a will is discovered and registered, the conveyance by the heir prevails over the will. On the other hand, a registered conveyance by the devisee under an unregis- tered will prevails over a conveyance by the heir-at-law which is not registered until afterwards (c). It follows that on a purchase from the devisee under a will where the six months have expired without registration, the purchaser need not require registration, provided, that he satisfies himself that there is no registered convey- ance or mortgage by the heir id). i; a) 37 & 38 Vict. c. 78, sec. 8. (d) Chadwick v. Tumei-, L. R. h) Dart, V. & P. 457. Ch. 310. (c) 37 & 38 Vict. c. 78, sec. 8. Digitized by Microsoft® SEAECHES FOR INCUMBEANCES. 149 The Registry Acts do not extend to copyliolds, leases to what at a rack rent, or to any lease, not exceeding twenty- Registry , . ■', ' . -O .•' Acts do not one years, where the actual possession and occupation ^tend- go along with the lease, or to the city of London, or to any of the chambers in Serjeants' Inn, or to the Inns of Court or Chancery. A deed of appointment under a power must be regis- ^P't'^ugt tered (e). The memorial of an assignment of lease- ^"j^^^is- holds will not, by containing a recital of the lease, cure the omission to register the lease (_/). An assignment of a legacy charged on land is an^^^|j™"' assignment of money only, so that such an assignment 'i^^l^^eeT need not be registered (g): Jste-td!' An equitable mortgage by agreement, either with or Equitawe without a deposit of deeds, requires registration (h), """■^'*^- and so does a further charge in favour of a mortgagee who has registered his first mortgage {i). It is always usual in practice — Lord St. Leonards remarks — to require a beneficial lease, not exceeding twenty-one yea»s, to be registered where it is assigned by way of mortgage (k). But if a lease for twenty-one years, where the actual possession and occupation go along therewith, is assigned for a valuable considera- tion, such assignment continues strictly within the exception. The obiect of the enactments being to secure subse- Purchasers J - o . , with notice. quent purchasers and mortgagees against secret in- cumbrances, a purchaser who buys mth notice of an unregistered deed, is bound in equity by such deed or will as completely as if it had been registered (Z). On the other hand, the registration of a deed is not ^/^i'^*™* of itself notice. If a man searches the register he will notice. be deemed to have notice, unless he only searched for a particular period, in which case he will not be deemed to have notice of a deed registered before the commencement of such period (m). («) Sorafton v. Quincey, 2 Ves. Ch. 8 ; Neve v. Pennell, 2 H. & sen. 413. M. 170 ; Wight's mortgage trust, ( / ) Honeycomb v. Waldron, 2 Str. L. B. 16 Eq. 41. 1064. (i) Sug. Y & P. 581. (g) Malcolm v. Charlesworth, 1 (Z) Le Neve «. Le Neve, 3 Atk. Keen, 63. 646, 655. (h) Moore v. Culverhouse, 27 Beav, (m) Sug. V. & P. 625 ; Hodgson 639. V. Dean, 2 Sim. & Stu. 221. (i) Credland v. Potter, L. K. 10 Digitized by Microsoft® 150 SEARCHES FOR INCUMBRANCES. toedunte'r Land registered under the "Land Transfer Act, tx^mlt''^' 1875," is exempt from registration in the local regis- ters (n). The subject of judgments affecting land in a register county is discussed below. Usual The usual searches upon completing a sale or mort- gage, whether the property is situate in a register county or elsewhere, are searches in the Common Pleas for judgments, crown, debts, executions, extents, Us pendens, and annuities, and in the Land Registry Office for rent-charges, &c., under " The ImproTement of Land Act," 1864 (o). These will be considered in order. Judgments. j_ Judgments. of mrt^ Under the " Statute of Westminster" a moiety only minster." Qf ^j^^e dobtor's lauds could be extended by means of an elegit, and the term lands in this statute included all freehold estates held in severalty, cojparcenary or in common (p), rent charges (q), lands held in ancient demesne (r), impropriate rectories and tithes (s), pro- perty in reversion expectant on a lease where the re- versioner was entitled to a rent in respect of the lease (t), the lands of a bishop (u), &c. ; but, under this statute, copyholds could not be extended (v), nor an advowson in gross {w), nor estates in joint tenancy after the death of the joint tenant, nor estates tail so as to affect the issue in tail (x). As to chattels real, under an elegit either a moiety might be extended as a part of the debtor's lands, or the entirety might be sold as part of his goods. A judgment was a general lien on all the freeholds of the debtor capable of being taken in execution from the date of its being entered up, but his chattels real were only bound from the time when the writ of execution was lodged with the ;S»*f°* sheriff. Under the 10th sect, of the "Statute of i: 30 M 2 Cru. Dig. 54. (w) 3 Bac! Abr. 382. (?) Moore, 32. (x) Ashburnham v. St. John, Cro. r) 2 Inst. 397. Jac. 85. (n) 38 & 39 Vict. c. 87, sec. 127. (t) I RoU. Abr. 894. (o) 27 & 28 Vict. c. 114. See (u) 3 Bac. Abr. 383. also 33 & 34 Vict. c. 56. (v) 3 Co 9 s) Co. Lit. 159. Digitized by Microsoft® SEARCHES FOR INCUMBRANCES. 151 Frauds," execution could be sued out on judgments entered up against a cestui que trust of freeholds, pro- vided they were vested in the trustee on a simple trust for the debtor, and provided the trustee was seised at the time of execution sued. But if a person pur- chased an equitable estate which was capable of being taken in execution, with notice of existing judgments against the debtor, no acquisition of the legal estate would protect him. This 10th section of the " Statute of Frauds " has been held not to extend to equities of redemption {y), or any other equitable estate in which the debtor had not the sole beneficial interest (z). Moreover, under the old law, the lien of all judgments entered up against the donee of a power subsequently to the creation thereof upon the estate, which might be limited to the donee in default of appointment, was defeated by an exercise of the power {a), and it was immaterial that the appointee had notice of the in- termediate judgments (&). During the present reign, several important statutes fh^j'^JJI^nt have been passed on the subject of Judgments, The '^'s". first in order is the 1 & 2 Vict. c. 110. By sec. 11 of that statute, the sheriff is empowered J *ifo^'"*- to take in execution all the lands, tenements, rectories, The^oie tithes, rents, and hereditaments (including lands and™!^"/" hereditaments of copyhold or customary tenure) of^o"'"' which the debtor, or any person in trust for him, may ^"eTe^."'' be seised or possessed at the date of the judgment, or at any time afterwards, or over which he may have any disposing power which he might without the assent of any other person exercise for his own benefit, in like manner as the sheriff might then deliver exe- cution of one moiety of the lands of any person against whom a writ of elegit was sued out. _ And by anlSwe sec. 13, a judgment is made a charge in equity on all"'^^^^- lands, tenements, rectories, advowsons, rents, and here- ditaments (including lands and hereditaments of copy- hold or customary tenure) of or to which the debtor shall at the time of entering up such judgment, or at (y) Burdon v. Kennedy, 3 Atk. (a) Doe d. Wigan v. Jones, 10 B. 73 & 0. 459. [z) Harris v. Booker, 4 Bing. 96. (6) Eaton v. Sanxter, 6 Sim. 517. , Digitized by Microsoft® 152 SEARCHES FOR INCUMBRANCES. any time afterwards, be seised, possessed, or entitled for any estate or interest whatever, at law or in equity, or over which such debtor shall at the time of entering up such judgment, or at any time afterwards, have any disposing power, which he might, without the assent of any other person, exercise for his own benefit, and shall be binding as against the debtor and all persons claiming under him, and shall- also be binding against the issue of his body, and all other persons whom he might, without the assent of any other person, debar from any remainder, reversion, or other interest ; and there is a proviso that no judgment creditor shall be entitled to proceed in equity to obtain the benefit of his charge until the expiration of one year from the entering up of the judgment, and that the charge shall not give him any preference in bankruptcy unless the judgment was entered up one year at least before the bankruptcy of the debtor, and also that nothing con- tained in the Act shall affect any doctrine of courts of equity, whereby protection is given to purchasers for valuable consideration without notice. Although under the 13th section the creditor cannot proceed in equity to obtain the benefit of the charge until the expiration of one year, the Court will, if ne- cessary, interfere within that time for the purpose of impounding the rents (c). Nature of The uature of the right or interest conferred upon j"d^°ent judgment creditors by sees. 11 and 13 of the above Act is discussed in Whitworth v. Gaugain (d), where it was decided that a judgment creditor who had acquired the legal seisin and possession of land under an elegit, would not prevail against a prior equitable mortgage of which he had no notice. The Lord Chancellor ob- served, that where it was enacted that the judgment should operate as a charge upon the estate,' this must mean a charge upon the beneficial interest of the debtor. Effector From the above sections it follows that a judgment i^Sr against a tenant in tail is binding on his issue in tail, terand"" and also on the remainderman where there is no pro- donee of a ■"■ creditor. tenant in tail an' donee power. (c) Yesoombe v. Landor, 28 Beav. 1127. 80 ; Partrilge v. Poster, 12 W. E. {d) 1 Phil. 728. Digitized by Microsoft® SEARCHES FOR INCUMBRANCES. l.^S tector, and gives the creditor the benefit of a base-fee where there is a protector, and that a judgment against a donee of a power which he might alone exercise for his own benefit, operates as the execution of the power in favour of the creditor. The 13th section does not confer on the judgment As.a€ainst creditor any right against a person claiming under a ™,'Jf^£'."'' voluntary settlement previously made by the debtor (e) ; settlement but a different law prevails in Ireland (/). Charges on ecclesiastical livings being prohibited by Judgment o , oor J not a charge previous statutes, a judgment has been held not to be "J^fu^^"*' a charge on this description of property {g). The 16th section provides that if a judgment credi- Taking the tor takes the person of the debtor in execution, he execution. loses the benefit of his charge under the Act. On the construction of this section it has been de- cided that the seizure of the person of the debtor for a contempt of the Court of Chancery in not complying with a decree to pay a sum of money thereby ordered to be paid, is not a satisfaction of the debt within the meaning of the section (h). By the 1 8th section all decrees and orders of Courts Decrees, of equity, all rules of Courts of law, all orders of the effect of Lord Chancellor or of the Court of Review in mat-''" ters of bankruptcy, and all orders of the Lord Chan- cellor in matters of lunacy, whereby any sum of money, or any costs, charges, or expenses, shall be payable to any person, are respectively put on the footing of judgments in the superior courts of common law (^). The 19th section provides " that no judgment, de- ^/?;^'™"'"' cree, order, or rule shall, hy virtue of that Act, affect ■o™*^- any lands, tenements, or hereditaments, as to pur- chasers, mortgagees, or creditors, unless and until a memorandum or minute, containing the name, and the usual or last known place of abode, and the title, trade, or profession of the person whose estate is in- (e) Beavan v. Earl of Oxford, 6 168. See Houlditch v. Collins, 5 De G. M. & G. 507. Beav. 497. (/) 12 & 13 Vict. c. 95, sec. 6. (i) The orders of the Court of (a) Hawkins v. Gathercole, 6 De Probate are not within the above G. M. & G. 1 ; Bates v. Brothers, 2 section, notwithstanding 20 & 21 Sm. & Gif. 509. Vict. c. 77, sec. 25. Pratt v. Bull, (h) Roberts v. Ball, 3 Sm. & Gif. 1 New Rep. 47. Digitized by Microsoft® tration. 154 SEARCHES FOR INCUMBRANCES. tended to be affected thereby, and the court and the title of the cause or matter in which such judgment, decree, order, or rule shall have been obtained or made, and the date of such judgment, decree, order, or rule, and the account of the debt, damages, costs, or moneys thereby recovered or ordered to be paid, shall be left with the Senior Master of the Court of Common Pleas at "Westminster." The next Act relating to judgments is the 2 & 3 Yict. ell. PP^ The 4th section of that Act enacts, " that all judg- ments of the superior courts, decrees or orders in any court of equity, rules of a court of common law, and orders in bankruptcy or lunacy, which, since the passing of the Act of the 1 & 2 Vict. c. 110, have been registered under the provisions therein contained, or which shall hereafter be so registered, shall, after the expiration of five years from the date of the entry thereof, be null and void against lands, tenements, and other hereditaments, as to purchasers, mortgagees, or creditors, unless a like memorandum or minute as was required in the first instance is again left with the Senior Master of the said Court of Common Pleas within five years before the execution of the convey- ance, settlement, mortgage, lease, or other deed or instrument vesting or transferring the legal or equitable right, title, estate, or interest in or to any such pur- chaser or mortgagee for valuable consideration, or as to creditors within five years before the right of such creditors accrued, and so, toties quoties, at the expira- tion of every succeeding five years ; and the Senior Master shall forthwith re-enter the same in like man- ner as the same was originally entered; and such officer shall be entitled for any such re-entry to the sum of one shilling." Soul™ Sec. 5 provides that no judgment shall affect lands, aSd^fy &c.,_ as against purchasers and mortgagees witJiout oiotice further or otherwise, although duly registered, than a judgment would have bound such purchaser or mortgagee before the 1 & 2 Vict. c. 110 [j). (i) This section clearly shows that purchaser is not bound to search, registration is not of itself notice ; Lane v. JacksoUj 20 Beav. 535. and it has been decided that the Digitized by Microsoft® Act. SEARCHES FOR INCUMBRANCES, 155 Upon the construction of the 4th section of 2 & 3 Effector Vict. c. 11, it has been held that any purchaser, &c., reregister who becomes such within five years from the regis- Sa^' tering of the judgment remains affected by it, though it is not subsequently re-registered (k) ; but if such purchaser sells again after the expiration of the five years the second purchaser is not affected, the object of the Act being to make a search for five years sufficient in all cases (Z). A question having arisen whether registry was es- s & 4 viet. sential to bind a purchaser with notice, it was provided by the 3 & 4 Vict. c. 82, sec. 2, " that no judgment, &c., should, hy virtue of the Act of the 1 & 2 Vict. c. 110, affect any lands, &c., at law or in equity, as to purchasers, mortgagees, or creditors, unless the same was registered, any notice of any such judgment, &c., to any such purchaser, mortgagee, or creditor, in any- wise notwithstanding." It still, however, remained doubtful whether a pur- chaser, with notice of a judgment not registered, would be bound to the extent of the remedies under the " Statute of Westminster," but this defect in the pre- vious statutes was remedied in the next-mentioned Act. By the 18 & 19 Vict. c. 15. sec. 4, it is provided J8&i9Vict. that no judgment, &c., which might be registered under the said Act of the 1 & 2 Vict., shall affect any lands, &c., as to purchasers, mortgagees, or creditors, unless and until such a memorandum or minute, as in the said Act in that behalf mentioned, shall have been left with the proper officer of the proper Court, any notice of any such judgment, &c., to any such purchaser, mortgagee, or creditor, in anywise notwithstanding. And by sec- tion 5 the provision contained in section 2 of the 3 & 4 Vict. c. 82, is extended not only to the 1 & 2 Vict. c. 110, but also to the 4th section of the 2 & 3 Vict. c. 11, as explained by this Act (i.e., the 18 & 19 Vict. c. 15), so that notice of any judgment, &c., not duly re-regis- tered, shall not avail against purchasers, mortgagees, or creditors, as to lands, tenements, or hereditaments. The 6th section, by way of explanation of the 4th ^°™ Provisions former (k) Beavaii v. Earl of Oxford, 6 (I) Benham v. Keene, 1 John. & De G. M. & G. 402. Hem. 685—708. Digitized by Microsoft® 156 SEARCHES FOR INCUMBRANCES. piaLai. section of the 2 & 3 Vict. c. 11, enacts that it shall be sufficient to bind purchasers, mortgagees, and creditors, if such a memorandum or minute as was required in the first instance is again left with the Senior Master of the Common Pleas within five years before the execution of the conveyance, settlement, mortgage, lease, or other deed or instrument vesting or trans- ferring the legal or equitable right, title, estate, or in- terest, in or to any such purchaser or mortgagee for valuable consideration, or as to creditors within five years before the right of such creditors accrued, as directed by the said last-mentioned Act, although more than five years shall have expired by effluxion of time since the last previous registration before such last- mentioned memorandum or minute was left, and so, toties quoties, upon every re-registry. filT™*^ Section 11 provides, that where any legal or equit- mortgagees. able estate or interest, or any disposing power in or over any lands, &c., shall, under any conveyance or other instrument executed after the passing of the Act, become vested in any person as a purchaser or mort- gagee, such lands, &c., shall not be taken in execution under any writ of elegit, or other writ of execution, to be sued upon any judgment, &c., against any mortgagee thereof who shall have been paid off" prior to or at the time of the execution of such conveyance ; nor shall any such judgment, &c., or the money thereby secured, be a charge upon such lands, &c., so vested in pur- chasers or mortgagees ; and the remaining part of the section contains a similar provision as to crown debts. '' Vtl""- ^y *^6 23 & 24 Vict. c. 38, sec. 1, it is provided that jj^ — no judgment, statute, or recognisance to be entered up St tods ^^*^^ *^® passing of the Act, shall aff'ect any land (of ehi"e?r&e., ^^latever tenure) as to a bond fide purchaser for oV^xeitfon' valuable consideration or a mortgagee (whether such lelXed"* purchaser or mortgagee has notice or not of any such judgment, &c.), unless a writ or other due process of execution of such judgment, &c., shall have been issued and registered as thereinafter mentioned before the execution of the conveyance or mortgage to, him, and the payment of the purchase or mortgage money by him, yet so that no such judgment, &c., nor any writ of execution, or other process thereon, shall affect any Digitized by Microsoft® SEARCHES FOB, INCUMBRANCES. ' 157 land as to a hand fide purchaser or mortgagee, although execution or other process shall have issued thereon, and have been duly registered, unless such execution or other process shall be executed and put in force within three calendar months from the time when it was registered. The 2nd section provides that the registry thereinbefore required of any writ of execution, or other due process on any judgment, &c., in order to bind a purchaser or mortgagee, shall be made by a memorandum or minute referring to the judgment, &c., already registered, so as to connect the registry of the writ of execution or other process therewith, such memorandum or minute to be left with the Senior Master of the Court of Common Pleas at Westminster, who shall forthwith enter the particulars in a book, in alphabetical order, by the name of the person in whose behalf the judgment, &c. , upon which the writ of exe- cution, or other process issued, was registered, and also the year and the day of the month when every such memorandum or minute shall be left with him. It has been decided that an equity of redemption is g™'*5"^;t within the above Act, although it is incapable of being taken in execution at law. A purchaser therefore of an equity of redemption is not affected by a judgment entered up between the 23rd of July, 1860, and the 29th of July, 1864 (the date of the passing of the next mentioned Act), whether he has notice of it or not, unless execution is issued and registered before the completion of the purchase (m). ' By the 27 & 28 Vict. c. 112, after reciting that it is sr&ssvict. desirable to assimilate the law affecting freehold, copy- "-J^- hold, and leasehold estates to that affecting purely Senft?' personal estates in respect of future judgments, statutes, S it™^ and recognisances, it is provided that no judgment to oxeSL.'" be entered up after the passing of the Act {viz. the 29th of July, 1864) shall affect any land (of whatever tenure) until the same shall have been actually de- livered in execution by virtue of a writ of elegit or other lawful authority in pursuance of such judgment. By the 2nd section the term " land " is interpreted as including all hereditaments corporeal or incorporeal, or (m) WalHs v. Morris, 12 W. R. 997. Digitized by Microsoft® 158 SEARCHES FOR INCUMBRANCES. any interest therein. The 3rd section declares that every writ or other process of execution of any such judgment, &c., by virtue whereof any hereditaments shall have been actually dehvered in execution shall be registered in the manner provided by the 23rd and 24th Vict. c. 38, but in the name of the debtor instead of the creditor, and that no other or prior registration of such judgment, &c., shall be necessary for any pur- pose. The 4th section provides that every creditor to whom any hereditaments of his debtor shall have been actually delivered in execution by virtue of any such judgment, &c., and whose- writ or other process of exe- cution shall be duly registered, shall be entitled, while the registry of such writ, &c., shall continue in force, to obtain from the Court of Chancery upon petition in a summary way an order for the sale of his debtor's in- terest in such land. The 5th section provides that if it shall appear on making inquiries that any other debt due on any judgment, &c., is a charge on such land, the creditor entitled to the benefit of such charge (whether prior or siibsequent to the charge of the peti- tioner) shall be served with notice of the order for sale, and shall after such order be bound thereby, and he is to be at liberty to attend the proceedings, and the pro- ceeds of the sale are to be distributed among the persons who may be found entitled thereto according to their priorities. And the 6th section provides, that every person claiming any interest in such land through or under the debtor by &,ny means subsequently to the de- livery of such land in execution shall be bound by every such order of sale. tton'ofiMt- I* ^*s heevL decided that the last-mentioned Act nientioned applios to aU iuterosts in land, whether extendible at law or not. If therefore the debtor's property consists of an equity of redemption or other equitable interest which cannot be delivered in execution by the sheriff, the judgment-creditor must, after issuing and register- ing the writ of elegit, file a bill in equity, or (under the new procedure) take proceedings in the Supreme Court to remove the legal impediment, and the order of the Court appointing a receiver, or giving other appro- priate relief, will be a delivery in execution within the Act ; and until such order is made, the creditor has Digitized by Microsoft® SEARCHES FOR INCUMBRANCES. 159 no lien on the land (n). In a case where a sheriff seized an estate in remainder, calling it a reversion, it was held that such seizure was void, estates in re- mainder not being extendible at law ; and a petition under sect. 4 for a sale grounded on such seizure was disnaissed (o) ; but it is apprehended that a judgment creditor may by an action (now substituted for a bill in Chancery) obtain a decree for sale of a remainder, and that such decree, if registered, would bind a subsequent purchaser. As a judgment creditor has under the new Act no Priority ot lien on his debtor's land until the return by the sheriflF creKre as to the writ placed in his hands, which return is the each other. delivery of execution, it follows that the priority of judgment creditors as between each other must be determined by the date at which the writs upon the respective judgments are placed in the hands of the sheriflF,sothat a subsequent judgment creditor placing his writ in the hands of the sheriff obtains a preference over the prior creditor whose writ is subsequently issued (p). If a writ of elegit is issued and registered and the land delivered in execution thereunder after the debtor has contracted to sell, but before the purchase is com- pleted, the creditor will of course take subject to the contract, but it is apprehended that he would be entitled to be paid out of the purchase-money, and that the purchaser could not safely pay the money to the vendor (q). The following propositions may be stated as the f^™^»^"„f,^j. result of the above enactments : — """'''• 1. A purchaser will not be affected by any judgment j„agJient entered up prior to the 23rd July, 1860, unless it hasj^y'^slo'* been registered or re-registered within five years prior ^'^tered. to the date of the purchase, whether he has notice of j^°'J/^T^«i^- SUCh judgment or not. Ave years. 2. A purchaser will continue to be bound by a judg- RegisLtion ment entered up prior to the 23rd July, 1860, and "^^.^riTrd (n) Hatton v. Heywood, L. R. Eq, 298. 9 Ch. 229. See also Thornton v. (o) Re South, L. R. 9 Ch. 369. Finch, 4 Giff. 575 ; re Cowbridge (p) Guest v. Cowbridge Railway- Railway, L. R. 5 Eq. 413 ; Guest Co., L. R. 6 Eq. 619. V. Cowbridge Railway Co., ib 6 (q) See Thornton v. Finch, 4 Giff, Eq. 619 ; Becket v. Buckley, ib. 17 505. Eq. 435; Wells ». Kilpin, ib. 18 Digitized by Microsoft® 160 SEARCHES FOR INCUMBRANCES. friainflve duly registered or re-registered within five years prior Stw°a" *o the date of his purchase,' although it may not be qSent"?lis. subsoqucntly re-registered ; but, if he sells the land, tratior. ^]jg sub-purchaser will not be bound by the judgment, unless it is re-registered within five years prior to the date of the sub-purchase. Purchasers 3. Although & judgment entered up prior to the noKot 23rd July, 1860, has been duly registered and re- sSes w registered, a purchaser without notice of it is protected Victoria. fj.Qj^ all the extended remedies conferred by the Statutes of Victoria, and is only afiected by such judg- ment to the same extent as he would have been affected under the old law. Thus, if the subject of the pur- chase be freeholds, only a moiety could be extended as against a purchaser without notice ; if copyholds or an equity of redemption, no part could be taken ; if lease- holds for years, the purchaser would be safe, if the sale was made before the writ was delivered to the sherifi"; if the conveyance to the purchaser is made under the execution of a power, he would not be affected by any judgment entered up against the vendor subsequently But such to the creation of the power. But however erood a purchaser tit * ^ -i ^ • ^ -, . -*^ hawa""' holding title a purchaser might thus acquire, it would m^ketabie not be ono which he could force on a purchaser from him, as it would be impossible to prove the fact that he had purchased without notice (r). hetwStoo ^- -^ judgment entered up between the 23rd July, ^di8M I860 (the date of the passing of the 23 & 24 Vict. iSigis-*^- ^^)> ^^d the 29th July, 1864, will not affect any «™tJi?'^ purchaser, whether he has notice of it or not, unless it UV6 y6ajTS| « ^ ^ « ^ « tSn must' ^^ .''J registered or re-registered within five years SSed'and ^^^9^ *° ^^^ completiou of the purchase, and unless a registered, writ or othor process of execution shall have been issued and registered prior to the completion of the purchase, and unless such execution or other process shall be put in force within three calendar months from its registry. judgi^ent J- ^.>^g^«^* entered up after the 29th July, ISM wm'''' 1°^^^ ^^^^ ^°* altect any purchaser of land where the (r) If a purchaser or his solicitor he would have discovered, if the searches, it will be presumed that search had been properly made, •he searched effectually, and he will Proctor v. Cooper, 18 Jur. 444 ; be affected by any judgment wliich 2 Drew. 1. Digitized by Microsoft® SEAECHES FOR INCOMBRANCES. 16] vendor's interest is extendible at law, whether he has not affect notice of it or not, unless the land is actually delivered in S?vered\a execution, i.e., unless the sheriff has made his return to *"°"'"'°' the writ placed in his hands, and the writ is duly- registered under the 27 & 28 Vict. c. 112, sec. 3, pre- viously to the completion of the purchase. '6. A judgment entered up after the 29th July, 1864, g will not affect any purchaser of an equity of redemption, SSte° an equitable interest in leaseholds, or other equitable bfjSd^-*^'^ interest in land not extendible at law, whether he has "™^!'!^- notice of it or not, unless a writ of execution has been i^'^^itn issued and registered, and an order of the Court je|;^l.°5 '° removing the legal impediment has been obtained. 7. A purchaser should search in the Common Pleas ^ in the name of the vendor for judgments entered up ^^ches against him before the 29th July, 1864, and such *°^^'i *"> search should be made immediately before the com- pletion of the purchase, and be carried back for a period of five years, which will in all cases be sufficient. The search for judgments should be brought up to the com- pletion of the purchase, because although judgments entered up after the 29th July, 1864, need not be registered (s), judgments entered up before that time require to be re-registered, and, if so re-registered, will continue to bind the property. If upon such search a judgment is found, which was originally entered up before the 23rd July, 1860, its satisfaction or release should be required, although no execution may have been issued thereon ; but if a judgment is found which w;as originally entered up between the -23rd July, 1860, and the 29th July, 1864, then a further search should be made in the name of the creditor, to ascertain whether any writ of execution thereon has been issued and registered. If no such registered writ of execution is found, or if one is found, but no action has been taken thereon for three months from the registration, it may be disregarded. The purchaser should also search in the vendor's name for executions issued and regis- tered against him since the 29th July, 1864, and should require the release or satisfaction of any judgment (s) 27 & 28 Vict. c. 112, sec. 3. VOL. I. *' Digitized by Microsoft® 162 SEAECHES FOR INCUMBRANCES. upon which he shall find a writ of execution to have been so issued and registered. Theoretically, a similar search should be made, not only against the vendor, but also against former owners ; but Mr. Dart states that it is not usual in practice to do so, unless there are special grounds for suspicion, not even on sales by the Court of Chancery (t). whraftod Under the Local Registry Acts, a judgment does tM°onnt|?" iiot affect lands as to purchasers, &c., unless it is regis- tered. These Acts and the Act of 1 & 2 Vict. c. 110, are to be read together, and their joint effect is that a judgment must be registered both in the Common Pleas and in the Local Registry (u) ; but as the Local Registry Acts contain no provision similar to that in the Judgment Acts negativing the operation of the rule of equity as to notice, a purchaser who has notice of a judgment registered in the Conamon Pleas, but not in the Local Registry, is bound by it (x). On the other hand, judgments registered in thq Local Registry, and not in the Common Pleas, do not affect purchasers and mortgagees whether with or without notice. It is to be observed, moreover, that as to lands situate in Yorkshire, certain periods are allowed by the local Acts to elapse between the entering up of the judgments and the registration — i.e., as to lands in the North Riding twenty days, and in the East and West Ridings and in the town and county of the town of Kingston-upon Hull thirty days {y) ; so that if a pur- chase is made after a judgment is entered up and registered in the Common Pleas, and subsequently to the purchase and within the time allowed by the Registry Acts, such judgment is duly entered in the Local Registry, the purchaser, though without notice of the judgment, will not be safe against it, at least so far as regards the remedies of the judgment creditor under the old law. Proper It is evldont from what has been above stated, that searcn wtien ^ (0 V. & p. 451. 3 Sim. 307 ; Johnson v. Holdswortli, (u) Westbrooke v. Blythe, 3 El. 1 Sim. N. S. 106 ; Benham v. Keene, & Bl. 737 ; Hughes v. Lumley, ib. 1 John. & Hem. 685. ^^K T XT T -NT o *., (y) 8Geo.2,c. 6, sec. 1; SAnne, (x) Le Neve v. Le Neve, 3 Atk. c. 18, sees. 4, 11 ; 6 Anne, c. 35, 646—655 ; Davis v. Strathmore, sees. 19, 28 16 Ves. 419 ; Tunstall v. Trappes, Digitized by Microsoft® SEARCHES FOR INCUMBRANCES. 163 where the subject of the purchase is land in a register land is m county, a search in the Common Pleas for judgments S" is sufficient, but that, on the other hand, a purchaser cannot be advised to search in the local Registry alone, and to dispense with the usual five years' search in the Common Pleas. It is true that, if upon a sale by A. to B., B. searches the local Registry, he will not himself" be affected by judgments not entered there, of which he has no notice, although as to lands in Middlesex he may make no search at all in the Common Pleas, and as to land in Yorkshire, though he may confine his search in the Common Pleas to the period allowed by the local Acts to elapse between the entering up of the judgment and the registration ; yet, if he should afterwards sell the same land to C, and C. should search in the Common Pleas and find that within five years prior to the sale by A. to B. judgments were registered there against A., and have been since duly re-registered, it would be difficult for B. to prove his own want of notice to the satisfaction of C, and it might be questionable whether C. would be compelled to complete the purchase. The local Acts do not provide for re-registration; consequently if a purchaser should search in the local Registry alone, he must carry back his search for twenty years. If the property is in a Register County, and the ^^"^^^p^'^, judgment has been entered up between the 23rd of ?o^y._^ani July, 1860, and the 29th of July, 1864, or subse- «p|^^^«^i^up^ quently to the 29th of July, 1864, the above obser- e-^^t'"™!^' vations as to judgments so far as relates to property situate in a Register County must be taken in con- nection with the Acts of the 23 & 24 Vict. c. 38 and the 27 & 28 Vict. c. 112, the operation of which has already been discussed. Although not strictly within the scope of this Dis- Effect of n 1 • n nc 2. H J.1, T J Judgment sertation, a few observations on the eiiect ot txie J uag- ^^^^ ment Acts in regard to creditors, as between them- "" selves, will probably be found useful. The A.cts make registration and re-registration MOTi^^^of necessary in order to make a judgment entered up c.jdito^^^ before the 29th July, 1864, binding upon lands as to order of re- in 2 Digitized by Microsoft® 164 SEARCHES FOB INCUMBRANCES. creditors, as well as purchasers and mortgagees. There- fore as between two creditors obtaining their judg- ments before that date, their priorities depend on the order of their registration, and such a judgment credi- tor, having duly registered, must, in order to maintain his priority, take care to re-register every five years. But such a judgment creditor having duly registered, retains his priority as against subsequent judgment creditors becoming such within five years from the date of such registration, although he may not subsequently re-register (z). Ecctrineof The doctriue of notice does not apply to iudsfment betwMn^ "" creditors as between themselves ; consequently as to ireS"' l^nds in a Register County, a creditor whose judg- ment is registered in the Common Pleas, and also in the local Registry, has priority over a judgment prior in date, registered in the Common Pleas, but not in the local Registry, although he may have notice of such prior judgment (a). wnen The Act 23 & 24 Vict. c. 38, sec. 1, makes execution execution ' ' suedoS"' necessary as to purchasers and mortgagees, but not as to give to creditors, so that as between two iudament creditors pnonty _ , ^ ' ,«JO ISb3°° uent "^bose judgments were respectively entered up between '?JftSr the 23rd of July, 1860, and the 29th of July, 1864, the former is not obliged to sue out execution on his judgment in order to preserve his priority against the latter. But as regards judgments entered up subse- quently to the 29th of July, 1864, the creditor who first places the writ in the sheriff's hands has the priority. SgStration Previously to the 23 & 24 Vict. c. 38, it was not ne- neeessaryto cessary to rcgistcr a judgment, in order to preserve its Hg'^nte P^ioJ'ity o"^er the other debts of the deceased debtor, on JiVtrattarof ^°- ^-dministration of his estate. Under sec. 3 of that debtor's Act, uo judgment which has not been duly registered 23&24Vict. under the Judgment Acts, is to have any preference imiT'' against heirs, executors, or administrators, in their ad- ministration of their ancestor's, testator's, or intestate's estates ; and under sec. 4, no judgment which has been (z) Beavan v. Earl of Oxford, Bl. 274 ; Benham v. Keene, 1 John 6 De G. M. & G. 492. & Hem. 685. See also Neve v (a) Hughes v. Lumley, 4 El. & Flood, 10 Jur. N. S. 667. Digitized by Microsoft® SEARCHES FOR INCUMBRANCES. 165 registered shall have any preference against heirs, exe- cutors, or administrators in their administration, &c., unless at the death of the testator or intestate five years shall not have elapsed from the date of the registry or last re-registry (6). If, then, at the death of the debtor the judgment is ["a^"'"'"- not duly registered, in the administration of assets it "^sets. must be paid out of his personal and real estate pari passu with his simple contract and specialty debts (c). If, however, the judgment is registered within five years before the death of the debtor, the debt will rank as follows ; — as to the personal estate of the debtor the judgment as a debt of record must be paid before his simple contract and specialty debts ; as to the debtor's real estate the priority of the judgment creditor, if his judgment was entered up after the 29th July, 1864, will depend upon whether he has actually taken the pro- perty in execution, for if not, it is apprehended that the judgment debt, and the simple contract and spe- cialty debts, must be paid pari passu out of the real estate, such real estate in that case being only equit- able assets for the payment of all the debts. The 3rd section of the 23 & 24 Vict. c. 38, does not apply to a judgment entered up after the testator's or intestate's death against his executor or administrator. So that if a creditor after the debtor's death sues the executor and obtains judgment, he acquires, notwith- standing the Act, a priority over other creditors of equal degree who have not shown the same diligence, and as specialty and simple contract debts are now placed on the same footing {d), a judgment against an executor for a simple contract debt gives to such debt indirectly priority over specialty debts (e). In Simpson v. Morley {/), it seems to have been con- ^^f^'™''- sidered that a decree for sale in an administration suit gives to the creditors of the deceased an interest in his land or an accruer of right within the meaning of sec. 4 of 2 & 3 Vict. c. 11, so that a judgment not registered (6) See Simpson v. Morley, 2 K. («) Jennings u Rigby, 33 Beav. & ,j 71, 198. lie Wflliams's estate, L. R. •c) Re Turner, 33 L. J. Ch. 232. 15 Eq. 270. !) Stat. 32 & 33 Vict. c. 46. (/) 2 K & J. 71. Digitized by Microsoft® 166 SEARCHES FOR INCUMBRANCES. or registered within five years before the dat^ of such decree, loses its priority over the other debts. In order, therefore, to preserve the priority of a judgment to any extent in the administration of the assets of the de- ceased debtor, it must be registered, or re-registered within five years before his death, and should again be re-registered after his death at the expiration of five years from such registry or last re-registry in his lifetime (g). II. Crown Debts. Crown dews A debt by simple contract to the Crown, as such, is or by no charge on the land of the debtor ; but when it becomes in effect a debt of record, then, like all Crown debts upon record or by specialty, it becomes an im- mediate lien on all the debtor's freehold property, including equities of redemption and other equitable interests, rents, impropriate tithes, estates tail in the seisin of the issue in tail, but not after a bond fide alienation by the issue, &c. But copyholds are not extendible by Crown process, and chattels real are only bound from the teste of the extent. Crown debts cannot be defeated by the execution of a power iji) ; but the Crown is bound by all interests actually created before the Hen of the Crown has attached, and this would include an equitable mortgage by deposit of title deeds {i). t-^^™^ An accountant to the Crown is a debtor by specialty to the Crown, so that any person who accepted office before the 5th July, 1865, could not dispose of any of the freehold lands which he may possess during the period of his accountantship without a certificate of discharge from the Commissioners of Her Majesty's Treasury (^). totgSa. By the 8th section of the 2 & 3 Vict. c. 11, it is t'™- enacted that no judgment, &c., thereafter to be ob- tained or entered into in the name or upon account {g) As to judgments in Ireland, Ex. 77. see 3 & 4 Vict. c. 105 ; 7 & 8 Vict. (i) Casberd v. Attomev-General c. 90 ; 12 & 13 Vict. c. 95 ; 13 & 14 6 Price, 411. Vict. c. 29. (k) 13 Eliz. c. 4 : 2 & 3 Vict c ih) Reg. V. Ellis, 19 ii. J. (N. S.) 11, sec. 10. cannot be defeated "by execution of power. Digitized by Microsoft© SEARCHES FOR INCUMBRANCES. 167 of her Majesty, or inquisition by which any debt should be found due to her Majesty, or obligation or specialty thereafter to be made, or any acceptance of office thereafter to be accepted by officers whose lands shall thereby become liable for the payment of ar- rearages under the Act of the 1 3 Eliz. c. 4, shall affect any lands, &c., as to purchasers or mortgagees, until a memorandum containing the particulars thereby pro- vided is left with the Senior Master of the Court of Common Pleas, who shall forthwith enter the same particulars in a book to be intituled "The Index to Debtors and Accountants to the Crown." Prior to the 22 & 23 Vict. c. 35, it was not neces- Provision tor rG^rGds^ sary to re-register Crown Debts ; but by s. 22 of that ^^^J^jJ"^ "'■ Act, it was provided that from and after the 31st of dewsM^to December, 1859, the provision for the re-registry of mortgaeecs, judgments, &c., contained in the 2 & 3 Vict. c. 11, creditors, as explained and amended by the 18 & 19 Vict. c. 15, should extend to every such judgment, &c., as by sec- tion 8 of the 2 & 3 Vict. c. 11, was required to be registered, so that it should be obligatory on the Crown, in order to bind the lands, &c., of its debtors or accountants as against purchasers, mortgagees, or cre- ditors becoming such after the 31st of December, 1859, to re-register, in like manner, as it was obligatory on a private person, and so that notice of any such judg- ment, &c., not duly registered should not avail against purchasers, mortgagees, or creditors becoming such after the 31st day of December, 1859, as to lands, &c., and that this provision should apply to every such judgment, &c., as since the passing of the 2 & 3 Vict, c. 11, had been registered under the provisions therein contained, or should thereafter be so registered. As to the question of notice, the 22 & 23 Vict, c _^ 35, provided that purchasers, &c., should not be bound orown by a Crown debt not duly re-registered, although he might have notice of the debt ; but there is no pro- vision in any former statute dispensing with the conse- quence of notice in the case of a purchaser or mort- gagee from a Crown debtor becoming such within five years after the original registration of the Crown debt. It will be observed that the 2 & 3 Vict. c. 11, sec. o/^grt^'^^^ Digitized by Microsoft® Eftfect of notice as to 168 SEARCHES FOR mCUMBRANCES, of Crown 4^ made the registry of Crown debts necessary only as madeneces- to purchasers and mortsfagees, whilst the 22 & 23 Vict. saryasto r i> O ' n r^ Jlj. creditors, c. 35, SGc. 22, made the re-registry oi Orown debts necessary as to creditors as well as purchasers and mortgagees ; so that, according to the literal construc- tion of the two Acts taken together, it was not neces- sary that Crown debts should be originally registered so as to preserve the lien of the Crown as against creditors ; but if the Crown debt had been once regis- tered, when the time had arrived for its re-registration, it must then be re-registered so as to be binding upon subsequent creditors. All that can be stated with certainty on this subject is, that if a Crown debt dated prior to the 5th July, 1865, has been once registered, but not duly re-registered, it will lose its priority with reference to all judgments of the Crown debtor which have been entered up subsequently to the period when the Crown debt ought to have been re-registered, and which are registered before the registry of the Crown debt, and that in every such case the fact of the judg- ment creditor having notice would be immaterial (l). As to Crown As to Crowii dcbts dated Bubsequently to the 5th debts since , -it, 28&|9Vict. July, 1865, however, it is enacted by the 28 & 29 Vict. c. 104, s. 48, that any judgment, &c., obtained after that date by or on behalf of the Crown, or any obligation or specialty made after that date to the Crown, or any acceptance of office accepted after that date from or under the Crown, shall not affect any lands as to a bondjide purchaser or mortgagee, whether he have notice or not, unless a writ of extent or other process of execution thereon is issued and registered before the execution of the conveyance, &c., and the payment of the purchase or mortgage-money ; and the 49th section prescribes the mode of registration of the writ or other process in the Common Pleas. It follows that the purchaser should search in the Common Pleas for Crown debts against the vendor for the five years immediately preceding the com- pletion of the purchase, and if on such search any. Crown debts are discovered dated before the 5th July, (I) For further information on deaux's Treatise on Judgments and the subject of judgments and Crown Crown Debts, as tliey affect real pro- debts, the reader is referred to Pru perty, 4th ed. Digitized by Microsoft® SEARCHES FOE, INCUMBRANCES. 169 1865, their release should be required. He should also search in the same office for registered extents and executions upon Crown debts obtained subse- quently to that date. III. Ids pendens. A person who purchases during the pendency of a ^^^ pendens, suit relating to the subject of his purchase, is bound by the decree that may be made against the person through whom he derives title, whether he has notice of the pending proceedings or not (m) ; in other words, .neither party to a litigation can alienate the property in dispute so as to affect his opponent. The doctrine of lis pendens is founded, not upon any peculiar principles of a Court of Equity as to implied or constructive notice, but is common to Courts both of Law and Equity, and rests upon this foundation, that it would be impossible that any action or suit could be brought to a successful termination if aliena- tions pendente lite were permitted to prevail. With regard to the application of the doctrine, it ^e pending- should be borne in mind, first, that the suit must be pending, for there is no such doctrine as that a de- cree of a Court is to be deemed implied notice to a purchaser after the cause is ended in) ; and, secondly, Pnrchaser ■1 1 • 11 1 1 ' 1 1 1 • 1 °"'y bound that the purchaser is only bound by rights ascertained ll^f^l^ in the suit affecting the estate itself which he pur- *J^^«^*«'« chases. Thus in Worsley v. Earl of Scarborough (o), it was held that where money is secured on an estate, and there is a question depending in the Court upon the right of or about that money, but no question relating to the estate whereon it is secured, a pur- chaser of the estate pending the suit without actual notice is not affected by the decree. Again, in Bel- lamy V. Sabine (p), a person took a rhortgage from one of the defendants in a pending suit, and it was held that he was not affected by an equitable title of another defendant which appeared on the face of the (m) Bishop of AVinchcster «. man, 1 R. & JI. 617. Payne, 11 Ves. 194, 197. (o) 3 Atk. 391. (n) 3 Atk. 391 ; Kinsman v. Kins- (p) 1 De Q. & Jones, .584. Digitized by Microsoft® 170 SEARCHES FOE INCUMBRANCES. proceedings, but of wliicli such mortgagee had not notice, and to which it was not necessary for any of the purposes of the suit to give effect. Turner, L. J., in the course of his judgment distinguished the case from one where the rights of the plaintiff might re- quire that there should be an adjudication between the defendants. In Tyler v. Thomas (q), which was a creditor's suit for the administration of a testator's estate, a decree was made for payment of the debts out of an estate devised to A., without prejudice to his right to contribution out of an estate devised to B., and after such decree B. mortgaged to C, who had no notice of A.'s rights ; it was held that the doctrine of lis pendens applied, and C. was postponed to A. Notice of a lis pendens is not an incumbrance. If therefore the claim in respect of which the suit is insti- tuted is unsustainable, a purchaser cannot refuse to complete on account of the pending of the suit (r). Lis pendens The 2 & 3 Vict. c. 11, scc. 7, provldss that no lis must be - ini"i i ' i registered, pendens shall bind a purchaser or mortgagee, without express notice thereof, unless and until a memorandum or minute containing the name and the usual or last- known place of abode, and the title, trade, or profes- sion of the person whose estate is intended to be affected thereby, and certain other particulars shajU be left with the Senior Master of the Court of Common Pleas, who shall enter the same in a book, in alpha- betical order, by the name of the person whose estate is intended to be affected ; and the provisions for re- entering judgments every five years are extended to lis pendens. IV. Annuities. and rent ^J ^^^ 18 & 19 Vlct. c. 15, soc. 12, it is provldod miwtbe ^^^^^ ^^y annuity or rent-charge granted after the registered, passiug of the Act, othorwise than by marriage settle- ment, for one or more life or lives, or for any term of years, or greater estate determinable on a life or lives, shall not affect any lands, &c., as to purchasers, mort- gagees, or creditors, unless and until a memorandum (j) 25 Beav. 47. (r) Bull v. Hutchons, 9 Jur. 954. Digitized by Microsoft® SEARCHES FOE INCUMBRANCES, 171 or minute containing the name and the usual or last- known place of abode, and the title, trade, or pro- fession of the person whose estate is intended to be affected thereby, and the date of the deed, bond, in- strument, or assurance whereby the annuity or rent- charge is granted ; and the annual sum or sums to be paid shall be left with the Senior Master of the Court of Common Pleas at Westminster, who shall forth- with enter the particulars in a book in alphabetical order, by the name of the person whose estate is to be affected ; but by the 14th sect, the provisions of the Act are not to extend to annuities or rent-charges given by will. It follows from what has been stated above, that the what usual searches to be made by a purchaser in the Common should bo Pleas Registration Office, are 1st, for judgments and lis pendens ; 2nd, for Crown debts ; 3rd, for executions and extents, &c. ; and 4th, for annuities. The first three searches should be confined to the five years preceding the search, but the search for annuities should be for the whole period since the registry was established, viz., 1855; and in the absence of special grounds for sus- picion, it is usual to make such searches against the vendor only, and not against former owners. All judgments, &c., of the Palatine Courts, and*^;^^^^.^ every lis pendens in such Courts, in order to afiect any J^p^f '"« lands, &c., as to purchasers, mortgagees, and creditors, must be registered and re-registered in the Common Pleas of those counties, in the same manner as is pro- vided by the Acts of Victoria as to judgments, &c., of the Courts at Westminster, obtained before the 23rd July, 1860, so that when the subject of purchase is property situate in a palatine county, the Palatine Court of Common Pleas, as well as the Common Pleas at Westminster, should be searched for five years (s). If the circumstances of the vendor are such as to give gj^J-^^^" ground for suspicion that he may have been made a court bankrupt, a search for his name should be made in the Rolls of the Bankruptcy Court. A solicitor, for his own security, should not omit to soiMtor^^ make the usual searches, unless he is specially autho- °™t ^ (s) 1 & 2 Vict. c. 110, sec. 21 ; 15 & 19 Vict. c. \b, sees. 1, 2, 3, 7, 9. Digitized by Microsoft® 172 PURCHASE DEEDS. rised or directed in writing by his client not to do so ; and if the title is laid before counsel, who advises that a particular search should be made — as, for instance, a search for the purpose of ascertaining whether the vendor has been made a bankrupt — the solicitor should make the search so directed. Inquiry of In addition to the searches above directed, an inquiry andseaioh should alwajs bc made of the tenant (if any) of the r^iB^try property, as to the nature and terms of his tenancy ; and it may be frequently desirable to make a search in the Land Registry Office for rent-charges, &c., which may have been created under the powers of " The Improvement of Land Act, 1864 " [t). iiKiiiiries Where the subject of sale or mortaraffe is a chose in as to notice . „ -•'.. „.°c3 on sale or actiou ot any description, as tor instance, personalty mortgage ^. *' ii • " acuoT^" "^fis^sd. m trustees, a debt, or policy of insurance, &c., inquiry should be made of the legal holder or holders as to what notice they have received of prior incum- brances, and also notice should be given to them of the purchase or mortgage as soon as the transaction is completed. The rule in such cases is, that of two purchasers or incumbrancers, the one who gives priority of notice is entitled to preference. III.— PURCHASE DEEDS. Division of In this Dissertation it is proposed to consider : — 1. the subject, ^^w -\ n ^^-itt ihe mode ot assurance of freehold estates. 2. The mode of assurance of copyhold estates, and other matters relating to copyholds. 3. The disabilities of certain persons in regard to the sale and purchase of land. 4. The form and ordinary parts of a deed of conveyance, the covenants to be entered into therein, and some other matters relating to the conveyance. 5. The arrangements to be made on a purchase in relation to the custody of the title deeds, attested (0 27 & 28 Vict. 0. 114 ; see also 33 & 34 Vict. c. 56 ; 38 & 39 Vict. c. 8, sec. 123. Digitized by Microsoft® PURCHASE DEEDS. 173 copies, &c. 6. By whom the expenses of and inci- dental to the conveyance are to be borne. 7. The stamps on the conveyance. I. The mode of assurance of freehold estates. A feofiinent with Hvery of seisin was the ancient Peoffment mode of conveying a freehold estate in possession in mode"of ^ corporeal hereditaments, while incorporeal heredita- freehold"? ments, such as rents, advowsons, reversionary interests in freeholds, &c., being incapable of livery, were trans- ferred by grant : hence the distinction between corpo- real and incorporeal hereditaments, that the former were said to lie in livery, the latter in grant. Subse- quently to the Statute of Uses, the same object as to corporeal hereditaments was effected by a bargain and sale by deed enrolled within six months, the bargain and sale in equity raising the use and the sfatute transferring the legal estate to the bargainee. But as the Act {u) which made enrolment of the deed necessary related only to estates of inheritance or freehold, chattel interests in land were not included in its operation. Accordingly, the mode of conveyance ^^^^se and by lease and release was adopted, which at once got rid of both the inconvenient ceremonies of livery of seisin and enrolment. After the passing of the Statute of Uses, this mode of conveyance operated as follows : the lease was a bargain and sale for a year made to the purchaser in consideration of a nominal sum, by which he became without entry legal tenant in pos- session for one year under the Statute. The purchaser being by this means put in possession of the property, a reversion only was left in the vendor. This reversion being a proper subject of release at common law, was by a deed dated the next day released to the purchaser. By the Act of the 4 & 5 Vict. c. 21, a release alone statatory was made effectual for the conveyance of lands, pro- vided the deed was expressed to be made in pursuance of that Act : and now, by the 8 & 9 Vict. c. 106, sec. 2, all corporeal hereditaments are made to lie in grant as G^ant. (tt) 27 Hen. 8, c. 16. Digitized by Microsoft® 174 PURCHASE DEEDS. well as livery, so that there is no further occasion to make the conveyance by a release grounded on a lease for a year, or to refer to the Act passed for dispensing with a lease for a year. Whilst, then, reversionary interests in freeholds pass by grant at common law, freehold hereditaments in possession will now pass by statutory grant. II. llie mode of assurance of copyhold estates, and other matters relating to copyholds. Mode of The usual mode of alienating copyholds is bv a copyholds, surrender into the hands of the lord of the manor of which the lands are held, and the consequent admit- tance of the purchaser, by whom a fine is paid. The fine is either certain or arbitrary ; but, if arbitrary, must be reasonable, which has been defined to mean, must not (except, perhaps, on the admittance of joint tenants) exceed two years' improved value of the land [x). These proceedings are formally entered on the Court Rolls, and a copy of the Court Rolls is SSsion delivered to the purchaser. The admission should -be made in strict accordance with the terms of the sur- render (y) ; and if there is any variation, the admittance will operate according to the surrender (z). Until the admission of the surrenderee, the surrenderor remains tenant to the lord. Surrender The Surrender may be made either in Court or out made'^Si of Court. If made in Court it is entered on the Court SfoSirt™* Roll's, and a copy of the roll, so far as relates to the surrender, is made by the steward, stamped with the proper ad valorem duty, and delivered to the pur- chaser. If made out of Court, a written memorandum is made of the proceedings, signed by the parties and the steward ; and the surrender, all presentments being now dispensed with, is forthwith entered on the Court Rolls (a). Purchase of Copyholds, when purchased by a corporation which by^'rai^'ora- is empowored to hold land, should be surrendered to (x) 1 Watk. Cop. 308 ; Scri. Cop. (z) Sen. Cop. 312. 317. (a) Win. Real Prop. 358, 9tli ed ; {y) Hawai'd v. Eaw, 6 H. & N. 4 & 5 Vict. c. 35, ss. 89, 90 308. Digitized by Microsoft® tion, PURCHASE DEEDS. 175 trustees for their benefit, and not to the corporation directly, as the lord would be justified in refusing ad- mittance to a body who could not discharge the services, and the effect of which admittance would also be the loss of the fines consequent upon death (b). If the legal estate in copyholds is vested in a trustee °™"j.^te by admission, he is the tenant, and is consequently re- ^^ **"""*• sponsible to the lord for the performance of the feudal services, and the customary fines will be payable on his death and alienation, and not on the death or alienation of the equitable owner. Joint-tenants are but one tenant to the lord, and co- of'j^^j!"" parceners are but as one heir ; so that the admission of Quants, &c. one of many joint-tenants or coparceners is the ad- mission of all. They are consequently admitted on the payment of one fine (c) ; and on such an admittance it would seem that in the absence of special custom the steward is only entitled to one fee (d). Joint-tenants or coparceners, when once admitted, can, without the payment of any additional fine, release their share to each other by deed of release. Where two out of three devisees in trust of copyholds released by deed their shares to the remaining trustee, the lord was held to be entitled only to a single fine on the ad- mission of the remaining trustee, and the deed of release was held to operate as a disclaimer by the releasors of their right to be admitted (e). Tenants in common, on the other hand, must be ad- ^^°™J^'" mitted severally, and a fine must be paid in respect of '"'■ the share of each. On the death of tenants in common ^/"'f^'"" and coparceners, as there is no survivorship, their heirs If^^^l and representatives must be admitted, and pay several fines for the shares to which they respectively may be admitted (/). If copyholds are limited to A. for hfe, or for a less ^f^^^^ interest, and to one person or several persons by way ^^f^^^^ of remainder, the admission of the tenant for the par- J^^^ji™."' in common. ision f tenant n 1 Watk. Cop. 299. on the admittance of a substituted Scri. Cop. 347. trustee under the Trustee Acts, (d) Traherne v. Gardener, 5 El. & where the devisee of the original ■Ql 9J3 trustee disclaimed, see Bristow v. (e) Wellesley v. Withers, 4 EI. & Booth, L. R. 5 C. P. 80. Bl. 750. See Bence v. Gilpin, L. E. (/) Scri. Cop. 297 ; 1 Watk. Cop. 3 Exeh. 76. As to the fines payable 82. Digitized by Microsoft® devise. 176 PUEOHASE DEEDS. ticular estate is generally the admission of all in re- mainder, and one fine is payable in respect of such admittance, although it may be apportioned between the tenant of the particular estate and remainder- man, so that the remainder-man may pay his propor- tion of the fine on coming into possession (g). But where a testator directed his executors to sell his copyholds after the death of the tenant for life, it was considered by the Master of the Rolls that the pur- chaser from them was not a remainder-man in such a sense as that the admission of the tenant for life enured for his benefit (h). Where by special custom a fine is payable by the remainder-man on his coming into possession, it appears that the remainder-man should be admitted (i). If, however, the whole fine is payable by the tenant for life, no fine can be paid on the accession of the re- mainder. Executory lu a casc {h) whcrc copyholds were devised to the ' testator's son, subject to an executory devise over in case of his death without leaving issue, and the son was admitted and paid a fine, and then died without leaving issue, it was held by V.-C. Kindersley that the admittance of the primary devisee wa's the admittance of the executory devisee, and that the lord had no right to any further fine. On appeal, a custom was proved to exist for devisees in remainder to come in and be admitted and pay a full fine ; and thereupon it was held by the Lords Justices that the lord was en- titled to a full fine from the executory devisee ; and the decision of V.-C. Kindersley was reversed. In a case where copyhold land was devised to trus- tees for a term of years, and subject thereto to A. in fee, and the lord admitted A. " according to the pur- port and eff'ect of the will," who paid a full fine, it was held that the lord could not afterwards insist on the admittance of the trustees {I). (g) Scri. Cop. 294 ; Smith v. Glas- R. 419. cock, 27 Law J. C. P; 192. {h) Eandfield v. Randfield, 1 (A) Seaman v. Woods, 24 Beav. Drew. & Sm. 310 ; on appeal, 31 372, 379. Law J. (N. S.) Ch. 113. (i) 1 Watk. Cop. 360 ; Doe d. {I) Everingham v. Ivatt, L. R. Whitbread v. Jenning, 8 East, 522 ; ■ 7 Q. B. 683 ; 8 ii. 388. Richardson v. Kensit, 6 Scott, N. Digitized by Microsoft® POKCHASE DEEDS, 177 A remainder-man or a reversioner being in the sumnderby seisin, is able to surrender his interest, and if a re- man. or re- i . T 1 • 1 T I • versioner. mamder-man or reversioner die during the continuance of the particular estate his heir must be admitted and pay a fine, but the heir may surrender before his ad- mittance. A surrender, however, by a surrenderee before his admittance is void (m). If the surrenderee of a remainder dies during the continuance of the par- ticular estate, his heir can claim to be admitted on payment of a single fine (?i). No fine is payable by a reversioner on the estate '^°';";^ falling into his possession, but he can re-enter in virtue '"''■''^''■ of the old seisin. In a case where a devisee for life of copyholds had paid on his admittance a full fine as on an admittance in fee, and the heir of the devisor had surrendered his reversion : it was held, that the lord could not be compelled to accept and enrol the surrender without payment of the fine payable in respect of the descent on the heir (o). On the death of a tenant in possession intestate, S,"i'J"t't^a_ the heir must come in and be admitted, or the lord^JJ""''"''^' may seize the lands into his hands quousque after proclamation has been made at three consecutive courts ( p) ; and if the lord holds under such a seizure for forty years, the heir's right to compel admittance is gone (q). Where property is in settlement, and an admission ^_;^;«^^\™j. takes place on the appointment of new _ trustees, the meE'new fine payable in respect of such admission must be borne by the particular estate and the estates in remainder, in proportion to the value of such estates respectively (r). Where copyholds were devised to trustees for certain f/^^^^^J""" persons who sold the copyholds, and the purchaser was (m) 1 Watk. Cop. 81. sees. 108—111, contain provisions (n) Garland v. Alston, 4 Jur. N.S. to meet the case ot the heir, &c., gog being an infant, married woman, (()) Oueen v. The Lady of the lunatic, or idiot. Manor of Dnllingham, 8 Ad. & El. (?) Walters ., Webb L. E 5 C. 885 ; Evelyn r. Wor.sfold, 15 L. A. 531 ; 3 & 4 W. 4, c. 27, sees. '^'(v) Scri Cop. 226, 5th Ed. ' (r) Carter v. Sebright, 26 Beav. The 11 Geo. 4 & 1 Will. 4, c. 65, 374. sees. 5—9, and 16 & 17 Vict. o. 70, VOL. I. Digitized by Microsoft® 178 PURCHASE DEEDS. admitted on the surrender of tlie customary heir, the purchaser was held entitled to call for a release from the trustees of their bare right to be admitted (s). statute of ijij^e Statute of Uses does not extend to copyholds, so that if a surrender is made to the use of A. in trust for B., A. is the person to be admitted, and B. has only an equitable estate. statute ie rp]^g Statuto Dc Douis doos not apply to copyholds,, so that unless the custom of the manor authorises the creation of entails, all legal limitations of copyholds in the form of an estate tail -would only be conditional fees. And a trust of copyholds can only be entailed where there is a custom to entail the legal estate [i). SterS An equitable interest in copyholds may be assigned by deed {u), but it cannot be surrendered except for the purpose of barring an estate tail {x). Leases of Copvholds cau oulv be leased by the copyholder for COT)VllOld,S JLt/ t/ ^«/ J.«/^ one year, or for any less period, without the licence of the lord, unless there is a custom in the manor enabling the tenant to lease for a longer period ; and an actual lease without licence for any period not warranted by the custom of the manor would operate as a forfeiture. Forfeiture Copyholds may also be forfeited by the tenant's volun- &c. ' tary or permissive waste, such as pulling down houses, cutting down trees, digging for mines, failing to keep the property in good repair, or any other act or omission whereby the property should become deterio- rated. A forfeiture may also be incurred by neglect to attend the customary court after being summoned, or by a refusal to pay the fine when certain or reason- able, or the customary rent when demanded, or by the tenant wilfully withholding his services, &c. (z). Equity, however, will in certain cases relieve against a forfeiture (a), though not against a voluntary act, nor unless a compensation can be made to the lord (b). Free benoi. The widow of a copyholder is not dowable except by custom. Customary dower is usually called free bench, (s) Steele v. Waller, 28 Beav. (x) 3 & 4 W. 4, c. 74, sec. 50. 466. (») Son. Cop. 434, et seq.' ; 1 («) Lewin's Trusts, p. 46. Watk. Cop. 396, et seq. (ii) 1 Scri, Cop. 262; King v. (a) See Andrews u.Hulse, 4 K.& Lord of Manor of Hendon, 2 Term J. 392. Kep. 484. (6) 1 Watk. Cop. 422. Digitized by Microsoft® PURCHASE DEEDS. 179 and depends upon the custom of the particular manor. It is generally limited to the lands' of which the hus- band dies seised, but sometimes it extends to all the lands of which he is seised at any time during the coverture. In most manors the widow's right to free bench is confined to one-third of the land, sometimes it extends to some other part, and sometimes to the whole. It is generally for the life of the widow, but sometimes during widowhood only (c). A widow is not entitled to free bench out of a trust '^^^i^'^;^^^ of copyholds (c?), nor out of copyholds of which herofatmst. husband is surrenderee, but dies before admittance (e). And free bench may generally be defeated by the alienation of the husband by an act inter vivos, or even by his contract for sale (/), or by the surrender of the husband, although the admittance of the surrenderee may not take place until after the husband's death [g). When a testator has in view an immediate con- 1^^^^ version of his copyhold lands, it is usual, instead of "<>?« *« seii. , , ^^ ' PI T and scheme devismg them to trustees upon trust lor sale, to direct J'J^^^^'gg^ or authorise the trustees to sell them, in order to save the necessity of a double admittance and a double fine, for, in the event of the property being sold under such a direction, the purchaser is entitled to be admitted on the payment of a single fine {li). A surrenderee cannot surrender before his admit- 1^™^'=™^ tance {i). admittance. The lord, however limited his interest may be, can accept surrenders and make grants of copyholds held of the manor as fully as if he were seised of the manor in fee, and if, after having accepted a sur- render his interest should determine before admit- tance, his successor would be compelled to admit the surrenderee {j). The tenure of copyholds may be changed, so as to i^^'J^^J''*"'- alter their character entirely, by the lord's enfranchise- copyiioids. ment ; but in order to make an absolute enfranchise- 'c) Scri. Cop. 72, 73. Qi) Glass v. Bichardaon, 2 De G. ^d) Scri. Cop. 75. M. & G. 658 ; Reg. v. Wilson, 9 *e) Smith v. Adams, 5 De G. M. Jui. N. S. 439. a. 712. W Scri. Cop. (f) Scri. Cop. 74. {]) Sen. Cop. 79. 5tli edit. {g "" (g) Ibid. 90, Digitized by Microsoft® 180 PUECHASE DEEDS. ment, except under the special powers conferred by the Copyhold Acts, the lord must have the whole freehold interest. The enfranchisement must be to the tenant ; but it does not follow that the tenant must have the whole fee in himself, in order to accept an absolute en- franchisement. Although the copyholder may have only a partial interest in the premises, a conveyance to him by the lord of the whole fee simple would operate as an absolute enfranchisement, and would enure for the benefit of those in remainder as well as for that of himself {k). Enfranchise- Sevoral Acts have been passed from time to time to SrActs facilitate the enfranchisement of copyhold property, which Acts are known by the short title of the Copy- voiuntary hold Acts. The Copyhold Act, 1841 {I), provides for meS" ^ voluntary enfranchisements. It constitutes Commis- sioners to be called "The Copyhold Commissioners" (m), and enables the lord of a manor, whatever may be his estate or interest therein, with the consent of the Com- missioners, to enfranchise any lands, and any tenant, whatever may be his estate or interest, to accept such enfranchisement, subject to a provision requiring in the case of any party to an enfranchisement having less than an absolute interest the giving of certain notices to the other parties interested in). The Act also con- tains provisions for charging the expenses of enfran- chisements on the lands or manor (o), and as to the application of enfranchisement monies where the lord has a limited interest only [p). eScS '^^^ Copyhold Acts 1852 and 1858 (g) provide for ment compulsovy enfranchisements. The Act of 1852 makes it lawful for the tenant or lord after the next admittance on or after the 1st of July, 1853, to compel enfranchisement in manner there- inafter mentioned of the lands to which there shall have been such admittance : Provided that no such tenant shall be entitled to require such enfranchisement until after payment or tender of the fine or fines, and of the fees consequent on such admittance : Provided (k) 1 Watk. Cop. 437, 438. (o) Sees. 68 to 72. (0 4 & 5 Vict. c. 35. (p) Sees. 73 to 76. • (m) Sees. 1 to 10. (q) 15 & 16 Vict. c. 51 ; 21 & 22 (n) Sec. 52. • Viet, c. 94. Digitized by Microsoft® PURCHASE DEEDS. 181 also, that if from any cause such enfranchisement shall not take place until some event shall have happened which may require a second or any subsequent admit- tance, such second or subsequent admittance shall be made with all the rights incident thereto as if this Act had not passed, and it shall be competent for the lord or tenant to require and compel enfranchisement upon or after such second or subsequent admittance in the manner thereby provided for enfranchisement upon the next admittance (r) ; and the Act of 1858 extends the power to the case of copyhold lands where the last ad- mittance shall have taken place before the 1st July, 1853 : Provided that no tenant shall be entitled to re- quire such enfranchisement until after payment or tender of such a fine, and of the value of such a heriot as would become due or payable in the event of admit- tance or death subsequent to the 1st July, 1853, and also of two-thirds of such a sum as the steward would have been entitled to for fees in respect of such admit- tance or heriot (s). The second sec. of the Act of 1852 is repealed, and the Act of 1858 provides for the carrying out of en- franchisements, and ascertaining the sum to be paid as the consideration for enfranchisement, under tba direc- tion of the Copyhold Commissioners (t). The latter Act repeals the provisions in the former Act as to charging of enfranchisement monies and expenses on the land or manor, and contains new provisions for that purpose (u). The expenses of enfranchisement are to be borne by Expenses of the party requiring it (v). ment. In enfranchisements under the Copyhold Acts, the commonable rights of the tenant are preserved {x). Customary freeholds are held according to the custom g^|*°™^^ of the manor, but not at the will of the lord, and pass by surrender and admittance or by deed and admit- (r) Sec. 1. («) 21 & 22 Vict. c. 94, sees. 8 to (s) Sec. C. The provisions of the 13 ; see also 15 & 16 Vict. c. 51, Enfranchisement Acts requiring the sec. 7. payment of fines do not apply to (w) Sees. 21 to 37. railway companies purchasing under iv) Sec. 30 of Act of 1852. the Lands Clauses Consolidation (x) 4 & 5 Vict. c. 35, sec. 81 ; 15 Act (Wilson, In re, 2 John, & H. (Sf 16 Vict. c. 51, sec. 45, 619). Digitized by Microsoft® 182 PURCHASE DEEDS. tance according to the custom, and in some manors they will pass by deed or surrender (y). III. The disabilities of certain persons in regard to the sale and purchase of land. woSen* -^ husband and wife are one person in law (a),whence it follows that, with some exceptions which it is un- necessary to mention here, a married woman is under an absolute incapacity to do any act without her hus- band's concurrence ; and as the Joint acts of husband and wife are primd facie deemed to be the sole acts of the husband, and to be done by the wife under his control or compulsion, the common law did not permit a married woman to dispose of her lands, even with her husband's concurrence, otherwise than by fine, or matter of record, after being solely and secretly examined, in s&ivf.i, order to ascertain if her act was voluntary (a). The stat. 3 & 4 Will. 4, c. 74, abolishes fines, and substi- tutes for them a more simple mode of assurance. Power of Under that Act a married woman is enabled in every over lands, casc, oxcept that of being tenant in tail for which pro- vision is otherwise made, by deed to dispose of lands of any tenure, and money subject to be invested in the purchase of lands, and to dispose of, release, surrender, or extinguish any estate therein, which she alone, or she and her husband in her right, might have in any such lands or money, and to release and extinguish powers as if she were a feme sole, provided her husband concurs in the deed, and the deed is duly acknowledged. It is, however, expressly provided, that the Act shall not apply to an estate at law in copyholds in those cases in which any of the objects to be effected by the above clause could, previously to the Act, have been effected by her, with the concurrence of the husband, by surrender (6). . On the construction of the above section it has been held that a married woman may with her husband's concurrence dispose of a contingent remainder in M Scri. on Cop. 413, 5th edit. ; (a) 1 Bl. Com. 444. 1 Watk. on Cop. p. 58 note. (6) 3 & 4 W. 4, c. 74, sec. 77 {a) Co. Lit. 112 ; 1 Bl. Com. 442. Digitized by Microsoft® PURCHASE DEEDS. 183 lands (c), and also of her interest in the proceeds of the sale of real estate directed to be sold^ whether thg same be an interest, in possession or reversionary [d). The Fines and Recoveries Act did not extend to in- ^«^^^r terests in pure personalty ; but by a recent Act (com- J'^^^f^, monly called Malins' Act) (e) it is provided that after reversionary _ / * / ■*■ luterBsts in, the 31st of December, 1857, it shall be lawful for every personalty. married woman by deed to dispose of every futttre or reversionary interest, whether vested or contingent, of such married woman, or her husband in her right, in any personal estate, to which she shall be entitled under any instrument made after the Slst of December, 1857 (except such interests in personal estate as may have been settled on her by any settlement, or agree- ment for a settlement, made on the occasion of her marriage), and also to release or extinguish any power which may be vested in her in regard to any such per- sonal estate, as fully as if she were a. feme sole, but the husband must concur in the deed, and the deed must be acknowledged in the manner prescribed by the Fines and Recoveries Act. The Act does not extend to re- versionary interests of the wife to which she may be entitled by virtue of any deed, will, or instrument by which she is restrained from alienating or affecting the saijae. The acknowledgment of a married woman must be ^''""^^^ made before a judge of one of the superior courts of tow to be' Westminster, or a Master in Chancery, or before two perpetual Commissioners, to be appointed by the Lord Chief Justice of the Court of Common Pleas (/), or by special Commissioners to be appointed in the manner therein provided in those cases where, by reason of residence beyond seas> or ill health, or any other suffi- cient cause, she is prevented from making her acknow- ledgment before a Judge, Master in Chancery, or any perpetual Commissioners (g). The Judge, Master in Chancery, or Commissioners, taking the acknowledg- ment, must sign a memorandum, to be indorsed on or (c) Crofts V. Middleton, 8 De G. 4 Gifif. 343. M & G 192 W 20 & 21 Vict. c. 57. '(d) Briggs V. Chamberlain, 11 (/) 3 & 4 W. 4, c. 74, seci?. 79, Hare, 69 ; Tuer v. Turner, 20 Beav. 81. 560. See also Waiiams v. Cooke, (ff) 3 & 4 W. 4, c. 74, sees. 79, 83. Digitized by Microsoft® 184 PURCHASE DEEDS. written at the foot or in the margin of the deed, and must also sign a certificate of the taking of such ac- knowledgment, to be written or engrossed, on a separate piece of parchment, and such memorandum and certi- ficate respectively must be in the forms specified in the Act, subject to any alteration which may from time to time be directed by the Court of Common Pleas {h). Every such certificate, together with an affidavit by some person verifying the same, and the signature thereof by the party by whom the same purports to be signed, is then to be lodged by the proper officer of the Court of Common Pleas for this purpose, who is directed, after satisfying himself that the requisitions of the Act have been complied with, in manner therein mentioned, to cause the certificate and the affidavit to be filed of record in the Court of Common Pleas {i). When this is done the deed will take effect from the time of the acknowledgment {k). cim Se" '^^^ ^^^^ °^ ^ purchaser from a married woman is not complete until the certificate of the acknowledg- ment is filed of record in the Court of Common Pleas. Orders o( The Court of Common Pleas is empowered to make Term. rulcs from time to time touching the acknowledgments of married women (I), and accordingly, by the rules of Hilary Term, 1834, it is, amongst other things, orderad, that one at least of the Commissioners appointed under the Act for taking acknowledgments shall be a person who is not in any manner interested in the transaction or concerned therein as attorney, solicitor, or agent, or as clerk to any attorney, solicitor, or agent so interested or concerned. And before the Commissioners receive any such acknowledgment thereof, they, or in case one of them is interested or concerned as aforesaid, then such one of them as is not so interested or concerned must inquire of the married woman, separately from her husband, and from the attorney or solicitor con- cerned in the transaction, whether she intends to give up her interest in the estate to be passed by such deed without having any provision made for her in lieu or in Qi) Sec. 84. ridge, 17 C. B. 18, , (i) Sec. 85. il) See. 89, (/c) Sec, 86 ; see Be Mary Par|:. Digitized by Microsoft® PURCHASE DEEDS. I85 consequence of her giving up such interest, and, if so, they are to proceed with the acknowledgment ; but if it appears that it is intended that provision is to be made for her, the acknowledgment is not to be taken before such provision has been actually made by some deed in writing produced to the Commissioners ; or if such provision has not actually been made, the Com- missioners are to require the terms of such intended provision to be reduced into writing, and to verify it by their signatures. The 17 & 18 Vict. c. 75, pro- vides that no deed acknowledged or to be acknowledged by a married woman shall be impeached at any time after the certificate of acknowledgment has been filed of record in the Court of Common Pleas by reason only that the Judge, Master in Chancery, or Commissioners, or either of them, was or were interested or concerned either as a party or parties, or as attorney or solicitor, or clerk to the attorney or solicitor of one of the parties, or otherwise in the transaction giving occasion for such acknowledgment. By the rules of Hilary Term, 1834, it is also ordered Affidavit that the aflfidavit verifying the certificate to be made ceriiiicaTe. pursuant to the Act (except where the acknowledg- ment is taken elsewhere than in England or Wales, or Berwick-upon-Tweed) shall be made by some practising attorney or solicitor of one of the Courts of West- minster, or one of the counties palatine of Lancaster or Durham, and the deponent, besides verifying the certificate, must depose to his knowledge of the person making the acknowledgment, and that she is of full age and understanding, and to certain other matters. It has been held that under this rule an interested Com- missioner may make the affidavit provided that he is qualified in other respects (m). In addition to the verification of the certificate, the affidavit must con- tain a statement of certain particulars set forth in the fourth order ; and by the fifth order the affidavit must state the parish or place and the county wherein the premises shall be described to be situate. Where a married woman is seised at law of an estate as to copy- in copyholds, she and her husband must pass the estate married * X*J' ^ woman, (m) lie ScholQelil, 3 Bing. N, C. 393, Digitized by Microsoft® woman. use. 186 PURCHASE DEEDS. by a surrender, on her being separately examined ; but if the estate is equitable, the assurance can be either by surrender, or by a deed acknowledged by her as in the case of freeholds (n). Powers. -^ power giveu to an unmarried woman can be exer- cised by her as well after her marriage as before, with- out the concurrence of her husband (o). Chattels With regard to the chattels real of a married woman, married the husbaud may by act inter vivos (but not by will) (p), dispose of them during the coverture, but if he does not exercise such power they pass upon the death of either husband or wife to the survivor, and it is not necessary to take out administration (q). This power of the husband over his wife's chattels real extends to rever- sionary and contingent interests (r), unless the interest is of such a nature that it cannot by possibility vest in the wife in possession during the coverture (s). If the wife's interest in her chattels real is only equitable, she must concur in and acknowledge the deed of disposition in order to bar her equity to a settlement [t). Separate The Courts of Equity recognise the separate exist- ence of a married woman, and permit her to deal with property limited to her separate use, as if she were a feme sole. Whenever, therefore, real or personal pro- perty is limited by deed or will to a woman, who is married at the date of the gift or who is then unmarried but afterwards marries, for her separate use, she is in the position oi a, feme sole during her coverture as to all such property so far as relates to the equitable and beneficial interest ; but separate use being entirely a creature of equity, the legal estate, if vested in her, in freehold property settled to her separate use must be subject to the ordinary legal incidents, and cannot (n) 3 & 4 W. 4, c. 74, sec. 77, 90. and reserving rent to himself, the to) 1 Sug. Pow. 182, 7th ed. underlease would belong benefioi- (p) Bracebridge i;. Cook, Plowd. ally to himself ; but the residue of 417. the term would belong to her in the {q) A voluntary assignment or event of her surviving her husband, settlement by the husband of the as part of her leaseholds, which he wife's chattels real wUl prevail had not disposed of (Syme's case, against the wife surviving (Doe v. Cro. Eliz. 33). Lewis, 11 Com. B. 1035). If the (r) Donne v. Hart, 2 R. & M. husband disposes of only part of his 360. wife's interest in the leasehold pre- {s) Duberley v. Day, 16 Beav. 33. dises, as by granting arf underlease {t) Hanson ■». Keating, 4 Hare, 1. Digitized by Microsoft® PURCHASE DEEDS. 187 therefore be disposed of by her otherwise than by a deed duly acknowledged. If, then, a freehold estate is limited unto and to the use of a married woman, her heirs and assigns for her separate use, she alone can dispose of the whole equitable and beneficial interest therein, by a deed unacknowledged ; but the husband and wife must be conveying parties, and the deed must be acknowledged by her, in order to pass the legal estate ; for although the husband alone can pass an interest therein for the joint lives of himself and his wife under any circumstances, and an interest for his own life if there should be issue of the marriage, he has no power over the legal estate as to the remainder in fee, which is vested in his wife, and which, therefore, can only be disposed of by her by a deed duly acknowledged. In Taylor v. Meads (u), the legal estate was outstand- ing in a trustee, and the remarks of Lord Westbury in that case were only intended to apply to the wife's power over the equitable estate. If, however, real Eirect of estate is limited to a woman, who is married at the date by^'mrn-M" of the gift or who is then sole, but afterwards marries, ™'"''°' to such uses as she shall appoint, she alone can of course, during her coverture, by a conveyance operating as the appointment of a use, vest the whole legal and equitable interest in the purchaser or appointee by an unacknowledged deed. It must be borne in mind that the "Married Women's Married Property Act, 1870 " (x), provides that where any Property woman marrying after the 9th August, 1870, becomes entitled during her marriage to any personal property as next of kin, or one of the next of kin of an intestate, or to any sum of money not exceeding £200 under any deed or will, such property, subject to the trusts of any settlement affecting the same, shall belong to her for her separate use (y) ; and that where any freehold, copyhold, or customary property shall descend upon any woman marrying after the same date, as heiress or coheiress of an estate, the rents and profits of such property shall, subject to the trusts of any settlement affecting the same, belong to her for her separate use (z). (m) 11 Jur. N. S. 166. (.y) Sec. 7. (x) 33 & 34 Vict. c. 93. (z) Sec. 8. Digitized by Microsoft® 188 PURCHASE DEEDS. It is apprehended that under this enactment the wife acquires an interest for her separate use in the rents and profits during the coverture, enforceable in equity (a), but that she is not thereby enabled to dispose of the fee-simple, otherwise than by deed acknowledged; and with the concurrence of her husband. Purchase ijy A married woman is not under an absolute incapa- voMaWe ^^^3^ ^'-' P^^'chase land ; but if she purchases, her hus- band during his life, or her representatives after her death, may annul the purchase, unless it was made out of her separate estate (b). Infants. An infant under the age of twenty-one years cannot enter into a binding contract for the sale or purchase of an estate, and he cannot sustain a suit for the specific performance of such a contract during his infancy (c). Such a. contract is voidable by the infant, and on his attaining his majority, he may either avoid or affirm it as he thinks proper ; and if he dies under age, his representatives have the like privilege (o?). If,, how- ever, an infant contracts for the purchase of an estate, and pays a deposit, and afterwards, on his attaining twenty-one, refuses to complete the purchase, he can- not recover back the deposit, unless the vendor prac- tised fraud in procuring its payment (e). It may be stated, in general terms, that an infant would not be entitled to take advantage of his own fraud (/). Lunatics. Luuatics are incapacitated from disposing of their property, and their acts are absolutely void ; but an executed contract, entered into ho7id fide and in the ordinary course of business, is not void by reason of one of the parties having been at the time of such contract of unsound mind, where such unsoundness ig not known to the other party. Therefore where a lunatic purchased certain annuities for his life of a society (a) See Howard v. Bank of Eng- (c) Sug. V. & P. 175 ; see also Ex land, L. R. 19 Eq. 295. parte Taylor, 8 De G. M. & G. 257. covcuants entered into by a grantor of land, nSt ran with f°^ hiffiself, hls heirs, and assigns only, bound those the land. (x) Keates v. Lyon, L. E. 4 Ch. tem v. Macdermott, L. R. 5 Eq. 218, and the olDservations in that 499, 2 Ch. 72 ; Eastwood v. Lever, caae on Child v. Douglas, Kay, 560 ; 33 L. J. Ch. 355 ; Jay ■!). Richardson, Lord Manners v. Johnson, L. R. 1 30 Beav. 563. C. D. 673. (a) Master v. Hansard, L. R. 4 C. (y) Whatman v. Gibson, 9 Sim. D. 718. See also Kemp v. Bird, 196. L. R. 5 C. D. 974. (z) Coles V. Sims, Kay. 56 ; Wes- Digitized by Microsoft® PURCHASE DEEDS. 199 who were in privity of estate with the covenantor. Thus, in Roach v. Wedham (h), lands were conveyed to A. to such uses as B. should appoint, and subject thereto, to B. in fee, in consideration of a fee-farm rent, which B. covenanted for himself, his heirs and assigns, to pay to the vendor. B. afterwards appointed the property to C. under the power ; and it was held, that as C claimed under the power, and not under the estate of B., he could not be sued on B.'s covenants. But if in the above case the conveyance to C. was made subject to the payment by him of the rentcharge, there can be no doubt that in equity he would be liable to pay it and to indemnify B. therefrom. So also, cove- nants will not run with the land if they are only collateral to the thing granted. Therefore a covenant to pay mortgage money, and on the purchase of land limited to the use that the vendor shall receive a yearly rent thereout, and subject thereto to the use of the purchaser in fee, a covenant by the purchaser to pay the rent, are only personal covenants (c). Cove- nants also must relate to the land itself in order to run, and if entered into with reference to other land they are only covenants in gross. Thus where a lessor covenanted with the lessee, his executors, administrators, and assigns, that he would give a right of pre-emption to the lessee, his executors, administrators, and assigns, in respect of a certain piece of adjoining land, this covenant was held not to accrue to the assignee of the lease though named (d). Whenever the vendor sells property subject to when certain liabilities, or covenants, for the observance of must'cove- which he is personally liable, and it is a part of the vendor. arrangement that the purchaser shall take the land subject to the same restrictions, the purchaser must enter into a covenant with the vendor to abide by the same (e). If on a sale of land, the vendor retains the deeds in when pur- respect of the unsold portion, and at the same time covenant for A i- ' production of deeds. S6 East, 289. ((Q CoUison v. Lettson, 6 Tau. Milnes v. Branch, 5 Man. & 224. Sel. 411 ; Randall v. Kigby, 4 Mee. (e) Moxhay v. Inderwick, 1 DeG. & Wei. 130. & S. 708. Digitized by Microsoft® 200 PURCHASE DEEDS. enters into a covenant for their production to the pur- chaser, and afterwards sells the remainder of the pro- perty, the second purchaser would be 'entitled to the deeds, but he may be required by the vendor to enter into a covenant with him to perform the covenant for production (/). Convey™"^ Where land is conveyed to more than one person, in tenants. tcrms Sufficient to make them joint tenants, the pur- chasers both at law and in equity take an estate in joint tenancy, if the purchase-money appears to have been purchalCT/^ advanced by them in equal proportions (g) ; but if this advance the be not the case, and the purchase-money is paid in purchase- ^ iii 'i-i Sfferint" uuequal shares, there would be a survivorship at law, proportions, but the purchasors in equity would be entitled to the land in the proportions in wliich the purchase-money was advanced by them respectively (h). And if one joint tenant lays out money in repairs or improvements, this would amount to a lien on the land (^) ; and he would also have a lien on the land for expenses which he might disburse for the renewal of leaseholds (k). Fo™part™r° ' ^^ where a conveyance is made to two partners as ^os"™" joint tenants for partnership purposes, the survivor would hold the estate, as to the share of the deceased partner, as a trustee for his representatives (Z). And the same principle would apply to the case of a purchase by two or more persons for the purpose of a joint adventure or speculation (m). Purchase by If property is purchased for partnership purposes, it partners. -^ ^g^^j^j ^^ ^g^^^ ^j^g conveyauce to a trustee to the intent that he may hold the property in trust far the partners as part of the capital of the partnership. For the convenience of the title it may sometimes be desirable to take the conveyance, and to declare the trust by two separate deeds. tte^nameof If a purchaso of real or personal estate is taken in pemn. ^^^ name of a person or persons other than and different from the person who actually paid the pur- (f) Dart, 362. Bea. 199. ig) Avelingi). JKmpe,19Ves. 441. Q) Morris v. Barrett, 3 Y. & J (i^) 2 Ves. Sen. 258. 384. (i) Lake v. Gibson, 1 Eq. Ca. Abr. (m) Lake v. Craddock, 3 P. Wms 290, pi 3. 158 ; Morris v. Barrett, 3 Y. & J. (7c) Hamilton v. Denny, 1 Ball & 384. Digitized by Microsoft® PURCHASE DEEDS. 201 chase-money, there is generally an implied trust in favour of the person who actually paid the money, and parol evidence of such being the case wiU be received in a Court of Equity, although it may appear by the purchase deed that the money was advanced by the nominal purchaser {71). At the same time the pre- sumption in favour of an implied trust may be re- butted by other circumstances brought before the Court in evidence (0). There are, however, exceptions to the rule above 1,^™?"""' stated, as where the purchase is taken in the name of a wife ip), child (q), or several children (r), grandchild, where the father is dead (s), an illegitimate child, if there has been a recognition or filial treatment of the purchaser towards him (t), and persons towards whom the purchaser has placed himself in loco parentis (u). In such cases the purchase is regarded as an advance- ment, unless satisfactory evidence is produced to nega- tive the presumption that the purchase was intended to operate as such (v). So, also, if a person purchases land or stock in the ^^j*^^ '" joint names of himself and his wife, or in the joint °^]'^u',\"^" names of himself and his child, or grandchild, or any p^raon. other person towards whom the purchaser has placed hxTEaseli in loco parentis, the -pnrchsise will be regarded as an advancement in the absence of evidence suffi- cient to rebut the presumption that the purchase was intended as such, and in the event of the purchaser dying first, the survivor will be entitled to take the whole (x). (n) Cripps V. Jee, 4 B. C. C. 472. (0) Rider v. Kidder, 10 Ves. 36 ; (0) Rider v. Kidder, 10 Ves. 360 ; Dart. 489 ; Soawin v. Scawin, 1 Y. Beecher v. Major, 2 Drew. & Sm. & C. C. C. 65. 431. (x) Dormer v. Pitcher, 2 My. & (p) Glaisterv. Hewer, 8 Ves. 199; K. 262; Low v. Carter, 1 Beav. see also Drew v. Martin, 10 Jur. 426 ; Vance v. Vance, 1 Beav. 605 • 356. Fowkes v. Pascoe, L. R. 10 Ch. 343 (a) Mumma v. Mumma, 2 Vem. Sayer v. Hughes, L. R. 5 Ec[. 376 19 ; Dyer v. Dyer, 2 Cox, 92 ; W. Batston v. Salter, L. R. 10 Ch.431 N. 1877, 184. W.N. 1877, p. 184. As to purchases (r) Finch v. Finch, 15 Ves. 43. made by a married woman out of (s)Ebrandi;. Dancer, 2 Cha. Ca. 26. her separate estate, in the name of h) Kilpin V. Kilpin, 1 M. & K. her child, or a person to whom slie 542. But see Tucker v. Barrow, 2 had placed herself in loco parentis, Hem & Mil 515. see Re De Visme, 2 De Q. J. & Sm. (u) Ebrand v. Dancer, 2 Cha. Ca. 17 ; Beecher v. Major, 2 Drew. & Sm. 26; Currant v. Jago, 1 CoU. 261. 431. Digitized by Microsoft® 202 PURCHASE DEEDS. terais."* It "was formerly the practice on a purchase, when it appeared that the property was subject to a term of years created for purposes which had become satisfied, to keep the term ahve by assigning it to a trustee for the purchaser to attend the inheritance and protect it ^spensing from mesue incumbrances. This practice was put an 23*£nmtt. end to by the Act 8 & 9 Vict. c. 112, which in efiect enacts that (with an exception intended to protect existing interests) all terms of years which by express declaration or construction of law should on the 31st day of December, 1845, be attendant on the inherit- ance, or which Isecoming satisfied after that date should either by express declaration, or by construction of law, become attendant on the inheritance, should absolutely cease and determine. The Act extends to freeholds and such customary lands as will pass by deed, or deed and admittance, and not by surrender (z). Purchaser It will be bomo in mind, however, that the term should . T 1 A 11 ascertain will uot ceaso uuder the Act, unless the term is that term is ./.r i-i •^^ i iii i • n i satisfied, satisfied, and it will not be held to be satisfied so long as there remains any useful purpose beneficial to the owner of the term, and consistent with the trusts on which the term is directed to be held. Thus, where (a) a mortgage for a term was paid off by a per- son who believed himself to be owner of the fee, but who afterwards proved not to be such by reason of the existence of a deed executed after the creation of the term, and unknown to him, it was held that the pay- ment having been made by him under a mistake, the term was not satisfied ; and in another case (6) where a term created by way of mortgage had become vested by transfer in a trustee for the mortgagee, and the mortgagor conveyed the fee to the mortgagee in con- sideration of a release of the debt, but the wife of the mortgagor, although made a party, did not execute the deed, it was held that the term remained on foot as a protection against the wife's dower. So, if by a settlement the term is created for the purpose of raising portions, and the tenant for life of the settled (z) See sect. 3. 412. (a) Doe d. Clayu. Jones, 13 Q. B. (6) Anderson v. Pienott, L. E. VV4 ; 18 L. J. Q. B. 260. See, also, 8 Ch. 180. Shaw 11. Jolinson, 1 Drew. & Sm. Digitized by Microsoft® PCJRCHARK DEEDS. 203 estate pays off the charge, the term does not by such payment become satisfied for the benefit of the inherit- ance (c). And it is to be borne in mind that where a term would not merge in the inheritance if united in the same person, it will not be attendant when vested in a trustee. If at the date of the purchase there are mortgages durances on the estate which are to be discharged, aud there is ^ept'on''^ ground for suspecting the existence of mesne incum- '<""• brances, it may be desirable to keep alive those charges and to assign them, with the securities, to a trustee for the purchaser's protection — a protection oftentimes of great value where there is reason to fear that there may be existing incumbrances, to which the estate may become liable since the creation of the charges (d). The deed of conveyance should contain nothing calculated to throw a doubt on the title, and in many cases it may be advisable to execute a separate deed for the purpose of noticing the incumbrances, and clearing up the difficulties connected with the title. Whether a purchaser can insist on the vendor exe- of'omvey- cuting the deed in the presence of his (the purchaser's) Sprfor solicitor, depends on the circumstances of the case. SJ.ne'T'' Under some circumstances it would be reasonable and proper to require this, and unreasonable for the vendor to refuse to do so. On the other hand, where there is no doubt of the identity or capacity of the vendor, and his attendance would be inconvenient, such a requi- sition cannot be insisted on. The question whether the requisition is reasonable or not is for a jury to decide (e). Where a vendor does not attend personally to receive the purchase-money, the purchaser may insist on a written authority to pay to the vendor's solicitor, although a receipt signed by the vendor may be in- dorsed on -the deed (/). If the property is sold by auction the auctioneer is entitled to receive the deposit, but without special authority he cannot give a dis- charge for the remainder of the purchase-money (g). (c) Hill's Trustees, 318. J. 468 ; Essex v. Daniell, L. R. 10 (d) Parry v. Wright, 1 Sim. & C. P 538, citii ^fi"? (/) Vineyi;. Chaplin, «OT SMpm. (J) Viney v. ChapUn, 2 De G. & (g) Sykes v. Giles, 5 M. & W. 645. Digitized by Microsoft® 204 PDRCHASE DEEDS. V. The arrangements to he made on a purchase in relation to the custody of the title deeds, attested copies, &c. Titiedeeds AH the deeds in the possession of the vendor re- soieij"!) the lating to the property sold, and to no other property, ffi^to'be must be delivered to the purchaser on the completion toSfpur- of the purchase, however ancient such deeds may chaser. be(;i) Rule where If property held under one title is sold in lots and deeds relate toVer pro- there is no stipulation as to the custody of the deeds, pertya o. ^^ practico is for the purchaser of the larger portion in value to have their custody, and to covenant with the other purchasers for their production. If, how- ever, a vendor contracts for the sale of an estate, and the deeds relate not only to such estate but to other land retained by him, it is provided by the " Vendor and Purchaser Act, 1874 " (i), that he shall retain the deeds [j). If on the sale of part of an estate the deeds are retained by the vendor, and the purchase is completed without any covenant being entered into by the vendor for their production, on a re-sale of the purchased estate it seems that the vendor could be compelled in equity to produce the deeds (Ic). Vendor's In the abseucc of an express stipulation to the con- as to deeds, trary, the vendor is bound at his own expense to ""^rf'to ^^PP-^y ^^® purchaser with attested copies of the deeds purchaser, which are not dehvered up to him (]), with the exception of instruments on record, and the purchaser is entitled at the expense of the vendor to a covenant for their future production at the expense of the purchaser (m). If on the sale of copyholds the copies of Court roll are in the possession or power of the vendor, he is bound to produce them, but if not, the purchaser is Qi) Parr v. Lovegrove, 4 Drew. (Q This right is not taken away 182, note. or qualified by the " Vendor and (i) Sec. 2, rule 5. Purchaser Act, 1874 :" Dart, 676. (j) Sug. V. & P. 361, 13th Ed. (m) Sug. V. & P. 372 ; Dart, (7s) Fain v. Eyres, 2 Sim. & Stu. 442. 533. Digitized by Microsoft® that not to deeds. PURCHASE DEEDS. 205 not entitled to a covenant for their production, as he may at any time resort to the rolls themselves (n). A tenant in common, or joint tenant, who obtains one joint possession of the title deeds, is entitled to retain them, t^^produM ' but he will be bound to produce them for the inspec- otte™'" tion of his co-tenants (o). If by the conditions a purchaser has notice that he ^e?h"r is not to have the title deeds, he cannot require the Ifi^l vendor to supply him with attested copies at his (the '^™ vendor's) expense (p). All J. il ni Production As a general rule a mortgagee cannot be compelled of deeds by to produce the deeds until he is paid off (q) ; but if he "'°^^^- consents to a sale by the Court the deeds will be ordered into Court, but they will not be delivered out without notice to the mortgagee (r). In a case where a mortgagee was ordered to reconvey part of a mort- gaged estate to the mortgagor, he was compelled to produce the deeds relating to the whole estate which he retained (s). VI. By whom the expenses of and incidental to the conveyance are to he borne. Where there is no stipulation on the subject of ex- costs of penses, the costs of the conveyance and of all matters relating thereto must be borne by the purchaser, but the expense attendant on the execution and examina- tion of the deed by or on account of the conve3dng parties must be paid by the vendor {t). And in the '^^Jl^^ absence of stipulation, on the purchase of a copyhold ^^IfL estate, the purchaser must pay the expense of the sur- copyholds. render and his admittance {u). In a case where it was stipulated that the purchaser should have proper sur- renders at his expense, it was held that the fine on admittance of the heir of the vendor who had died after the contract, was an extraordinary expense which (n) Cooper v. Emory, 1 Ph. 386. C. 103. (o) Lambert v. Rogers, 2 Mer. (r) Livesey v. Hardmg, 1 Beaw 489 2'*^- {f) BrotigMon v. Jewel, 15 Ves. («) Yates v. Plumb, 2 Sm. & Gif. 176 : Cotton V. Scudamore, 1 Kay 174. & J 321 (0 ^^^^' ^'^2- {q) Sparke v. Montriou, 1 Y. & (») Sug. V. & P. 452. Digitized by Microsoft® 206 PURCHASE DEEDS. must be borne by the vendor (v). Where the vendor agreed to surrender and assure the copyholds at his own costs, it was held that the vendor was not liable to pay the fine which became payable on the pur- chaser's admittance (x). Expense of If the property is subject to incumbrances at the lumScia; date of the contract, they must either be got in by a distinct deed at the vendor's expense before the con- veyance, or if they are released by the deed of con- veyance, the expenses of the purchase deed, so far as they are increased by the concurrence of the incum- brancer in the same deed, may be thrown on the ven- dor (y). But the purchaser would not be entitled to throw such expense on the vendor when the mortgage debts to be paid off are assigned to a trustee for the purchaser's protection (z). Where after a contract the vendor dies, having devised the legal estate to an infant, his estate must bear the expense of the suit thus rendered necessary, but otherwise if he dies in- testate leaving an infant heir (a). {v) Paramore v. Greenslade, 1 Sm. (z) Dart, 471. & Gif. 541. (a) Purser v. Darby, 4 Kay & .T. (x) Graham v. Sime, 1 East, 632. 41 ; Scott v. Scott, 11 W. Rep. 766 ; (V) Sng. V. & P. 448; Reeves v. Barker v. Venahles, 11 Jurl 480. Gill, 1 Beav. 375. Digitized by Microsoft® PURCHASE DEEDS. 207 VII. Stamps upon Conveyances. By the "Stamp Act, 1870" (33 & 34 Vict. c. 97), con- veyances upon the sale of any property must be stamped with the following duties : — Where the amount or value of the consideration for the sale does not exceed £5 . . . And where the same exceeds £5 and does not stamps on convey- ances exceed . 10 15 20 25 50 75 100 125 150 175 200 225 250 275 £10 15 20 25 50 75 100 125 150 175 200 225 250 275 300 £ 10 12 15 17 s. 1 1 2 2 5 7 2 5 7 10 () 6 6 6 6 6 And where the consideration exceeds £300, then for every £50, and also for any fractional part of £50 of such amount or value . . . 5 The term " Conveyance on Sale " includes every instrument, and every decree or order of any court or of any commissioners, whereby any property upon the sale thereof is legally or equit- ably transferred to or vested in the purchaser or any other per- son on his behalf or by his direction (a). (1.) Where the consideration, or any part of the considera- tion, for a conveyance on sale consists of any stock or market- able security, such conveyance is to be charged with ad valorem duty in respect of the value of such stock or security. (2.) Where the consideration, or any part of the considera- tion, for a conveyance on sale consists of any security not being a marketable security, such conveyance is to be charged with ad valorem duty in respect of the amount due on the day of the date thereof for principal and interest upon such security {h). (1.) Where the 6onsideration, or any part of the considera- (a) Sec. 70. {h) Sec. 71. Interpreta- tion of term. How ad valorem duty to he calculated in respect of stock and securities Hnw con- sideratiun Digitized by Microsoft© 208 PURCHASE DKEDS. consisting of tion for a conveyance on sale consists of money payable payments to periodically for a definite period, so that the total amount to be cliaxged. f .,"', .-,,■, , ■ ± x. be paid can be previously ascertained, such conveyance is to be charged in respect of such consideration with ad valorem duty on such total amount. (2.) Where the consideration, or any part of the coasidera- tion, for a conveyance on sale consists of paoney payable periodically in perpetuity, or for any indefinite period not terminable with life, such conveyance is to be charged in respect of such consideration with ad valorem duty on the total amount which will or may, according to the terms of sale, be payable during the period of twenty years next after the day of the date of such instrument. (3.) Where the consideration, or any part of the considera- tion, for a conveyance on sale consists of money payable periodically during any life or lives, such conveyance is to be - charged in respect of such consideration with ad valorem duty on the amount which will or may according to the terms of sale, be payable during the period of twelve years next after the day of the date of such instrument. (4.) Provided that no conveyance on sale chargeable with ad valorem duty in respect of any periodical payments, and con- taining also provision for securing such periodical payments, is to be charged with any duty whatsoever in respect of such provision, and no separate instrument made in any such case for securing such periodical payments is to be charged with any higher duty than 10s. (c). How con- Where any property is conveyed to any person in considera- conswera" tion wholly or in part, of any debt due to him, or subject either debtor certainly or contingently to the payment or transfer of any future pay- moncy or stock, whether being or constituting a charge or in- to be "' cumbrance upon the property or not, such debt, money, or stock is to be deemed the whole or part, as the case may be, of the consideration, in respect whereof the conveyance is chargeable with ad valorem duty {d), S'to°auSr (■'••) ^^^^^ ^"^y property has been contracted to be sold for one consideration for the whole, and is conveyed to the pur- chaser in separate parts or parcels by different instruments, the consideration is to be apportioned in such manner as the parties (c) Sec. 72. See Limmer Asphalte Paving Company v. Commissioners of Inland Revenue, L. R. 7 Ex. 5ill. (d) Sec. 73. Digitized by Microsoft® in certain cises. PURCHASE DEEDS. 209 think fit, so that a distinct consideration for each separate part or parcel is set forth in the conveyance relating thereto, and such conveyance is to be charged with ad valorem duty in respect of such distinct consideration. (2.) Where property contracted to be purchased for one con- sideration for the whole by two or more persons jointly, or by any person for himself or others, is conveyed in parts or parcels by separate instruments to the persons by or for whom the same ■was purchased for distinct parts of the, consideration, the con- veyance of each separate part or parcel is to be charged with ad valorem duty in respect of the distinct part of the con- sideration therein specified. (3.) "Where a person, having contracted for the purchase of any property, but not having obtained a conveyance thereof, contracts to sell the same to any other person, and the property is in consequence conveyed immediately to the sub-purchaser, the conveyance is to be charged with ad valorem duty in respect of the consideration for the sale by the original pur- chaser to the sub-purchaser. (4.) Where a person, having contracted for the purchase of any property, but not having obtained a conveyance, contracts to sell the whole, or any part or parts thereof, to any other person or persons, and the property is in consequence conveyed by the original seller to different persons in parts or parcels, the conveyance of each part or parcel is to be charged with ad valorem duty, in respect only of the consideration moving from the sub-purchaser thereof, without regard to the amount or value of the original consideration. (5.) Where a sub-purchaser takes an actual conveyance of the interest of the person immediately selling to him, which is chargeable with ad valorem duty in respect of the consideration moving from him, and is duly stamped accordingly, any convey- ance to be afterwards made to him of the same property by the original seller shall be exempt from the said ad valorem duty^ and chargeable only with the duty to which it may be liable under any general description, but such last mentioned duty shall not exceed the ad valorem duty (e). Where upon the sale of any annuity or other right not before As to the in existence, such annuity or other right is not created by actual annuity or , . , Till -right not grant or conveyance, but is only secured by bond, warrant oiheforem (fi) Sec. 74. VOL. I. P Digitized by Microsoft® 210 PURCHASE DEEDS. attorney, covenant, contract, or otherwise, the bond or other instrument, or some one of such instruments, if there be more than one, is to be charged with the same duty as an actual grant or conveyance, and is for all the purposes of the Act to be deemed an instrument of conveyance on sale (/). Where Where there are several instruments of conveyance for com- several in- *: _ . , i tb^'rtS*^' pleting the purchaser's title to the property sold, the principal ment onf "to instrument of conveyance only is to be charged with ad valorem wittS^"^ duty, and the other instruments are to be respectively charged du^"!" with such other duty as they may be liable tp, but such last mentioned duty shall not exceed the ad valorem duty payable in respect of the principal instrument (g). Principal H) In the cascs below specified the principal instrument is instrument \- / ^ ^ i. ^ -»■ * how to be to be ascertained in the following maimer. ascertained. ° (a.) Where any copyhold or customary estate is conveyed by a deed, no surrender being necessary, the deed is to be deemed the principal instrument. (6.) In other cases of copyhold or customary estates the surrender or grant, if made out of Court, or the memorandum thereof, and the copy of court-roll of the surrender or grant, if made in Court, shall be deemed the principal instrument, (c.) Where in Scotland there is a disposition or assignation executed by the seller, and any other instrument is executed for completing the title, the disposition or assignation is to be deemed the principal instrument. (2.) In any other case the parties may determine for them- selves which of several instruments is to be deemed the prin- cipal instrument, and may pay the ad valorem duty thereon accordingly (h). deedfof ^^^ SEPAEATE DEED OF COVENANT (not being an instru- covenant. juent chargeable with ad valorem duty as a conveyance on sale or mortgage), made on the sale or mortgage of any property, and relating solely to the conveyance or enjoyment of, or the title to, the property sold or mortgaged, or to the production of the muniments of title relating thereto, or to all or any of the matters aforesaid, is chargeable with a duty equal to the ad valorem duty on the consideration or mortgage money, where the ad valorem duty shall not exceed 10s., and in any other case with a duty of 10s. (i). (/) Sec. 75. (g) Sec. 76. (h) Sec. 77. (i) 33 & 34 Vict. c. 97, under tie liead " Covenant." Digitized by Microsoft® PUHCHASE DEEDS. 211 The duplicate or counterpart of an instrument charged Duplicates, ■with duty must be stamped with the same duty as the original instrument where the duty does not amount to 5s., and in any other case with a duty of 5s. The 93rd section of the " Stamp Act, 1870," provides that the duplicate or counterpart of an instrument chargeable with duty (except the counterpart of an instrument chargeable as a lease, such counterpart not being executed by or on behalf of any lessor or grantor), is not to be deemed duly stamped unless it is stamped as an original instrument, or unless it appears by some stamp impressed thereon that the full and proper duty has been paid upon the original instrument of which it is the duplicate or counterpart. Any unstamped or insufficiently stamped instrument may be unstampoa \ . . instrument, stamped after its execution on payment of the unpaid duty, and also of a penalty of iGlO, and, where such duty shall exceed ^10, interest after the rate of £5 per cent, per annum on the duty or deficiency of duty to be paid from the execution of the instrument, yet so that the amount of interest is not to exceed the sum to be paid on account of duty or deficiency of duty up to the time when such interest is equal in amount to the unpaid duty. Provided : — (1.) That any unstamped or insufficiently stamped instru- ment which has been first executed at any place out of the United Kingdom may be stamped at any time within two months after it has been first received in the United Kingdom on payment of the unpaid duty only. (2.) That the Commissioners may, if they think fit, at any time within twelve months after the first execu- tion of any instrument, remit the penalty or any part thereof (k). Until the deed or instrument is properly stamped, it cannot be offered in evidence (except in criminal cases) (I). The ab- sence of the proper stamp, however, does not affect the validity of the deed. If a document, upon its production as evidence in any Court produetiou of Judicature in any part of the United Kingdom, is found not ments as to be sufficiently stamped, the officer of the Court is empowered ° to receive and give a receipt for the unpaid duty and the penalty required by the statutes, and an additional penalty (ifc) Sec. 15. (0 Sec. 17. p 2 Digitized by Microsoft® 212 PURCHASE DEEDS. of £1. On this being done the document will be admissible in evidence, and the Commissioners are required to denote the payment of such duty and penalty on the instrument on the production of the receipt of the said officer (m). Opinion ot SUBJECT to such regulations as the Commissioners may think comuiis- ° ^ , suSnc *" ^* *° make, they may be required by any person to expi-ess their of siamp. opinion with reference to any executed instrument : (1) Whether it is chargeable with duty ; (2) With what amount of duty it is chargeable. If the Commissioners determine that the instru- ment is not chargeable with duty, it may be stamped with a stamp denoting that it is not so chargeable. If they determine that it is chargeable with duty, they are to assess the duty with which in their opinion it is chargeable, and when the instrument is duly stamped in accordance with the assessment it may be also stamped with a particular stamp denoting that it is duly stamped (n). Any person dissatisfied with the assessment of the Commissioners may within twenty-one days after the assess- ment appeal against the assessment to Her Majesty's Court of Exchequer (o). What is The transaction, in order to require an ad valorem stamp as property * ■■ within upon a Conveyance, must be a sale of property. stamp Act. An assignment of personalty was made to trustees in trust to sell, and out of the proceeds to pay themselves the debts owing to them, and then the debts due to the other creditors, and to pay over the surplus to the assignees ; this assignment was held to require only a common deed stamp (p). A conveyance by a father to his son in consideration of natural love, &c., and also of the provision which the son had that day made by bond of a£1500 for his sister's portion, is not a sale (q). By a marriage settlement the uncle of the husband agreed, in consideration of the portion advanced by the lady, to pay to the trustees for the use of the husband and wife, during their joint lives, an annuity of £800 : the Court held that this was not a sale, and did nofc require the deed to be stamped as a conveyance on the sale of property (r). Where an instrument which purported to be a release of land, but which not being by deed could not operate (m) Sec. 16. (g) Denn v. Diamond, 4 B. & C. (n) Sec. 18. 243. (o) Sec. 19. M Massy v. Nanney, 3 Bing. N. (p) Coates V. Perry, 3 Brod. & B. C. 478. 48. Digitized by Microsoft® PURCHASE DEEDS. 213 as such, contained a stipulation not to disturb the party who intended to take the premises, it was held to operate as an agreement, and to require a stamp appropriate to such instru- ment (s). In Warren v. Howe (t), it was decided that a judg- ment debt was not property within the meaning of the Stamp Act, title " Conveyance ; " but this decision has been virtually overruled (ii). It is also clear that an assignment of a policy of assurance is a conveyance on sale of property within the Stamp Act (v). In Belcher v. Brymer (w), two persons who had entered into certain contracts with the Victualling Office, agreed to dissolve partnership, and executed a deed whereby one agreed to resign to the other all his interest in those contracts, all debts due to the concern, and all share of the partnership property, and the other agreed to pay him £50,000, at which sum his share was valued ; it was held on the authority of Warren v. Howe, that this was not a sale of property, and did not require an ad valorem stamp. But in a case where on a dissolution of a partnership, a deed was executed by which the retiring partner, in consideration of the sum of £17,313, part of the moneys and assets of the dissolved co- partnership, to him allowed in account as an equivalent for the value of his share, conveyed his share in the real assets to the continuing partners, the deed was held to be a conveyance upon a sale so as to require an ad valorem stamp (x) ; and in Potter V. The Commissioners of Inland Revenue {y), it was held that the assignment of the goodwill of a trade required such stamp. So also where on the dissolution of a partnership between two persons, the share of the retiring partner was by deed conveyed to the other partner in consideration of £10,000, being the sum at which the share of the retiring partner was valued, this deed was held to be a conveyance of property within the meaning of the Stamp Act (z). When an ad valorem stamp is imposed, a deed stamp is not necessary, though the former should be less in amount (a). No additional stamp is necessary when the deed contains (s) 6 B. & C. 665. of Inland Revenue, L. R. 2 Ex. (t) 2B. &C. 281. 399. («) See observations of Eolfe, B., (y) 10 Ex. Rep. 147. on this point in Caldwell v. Dawson, (z) Christie u The Commissioners 5 Ex. Rep. 1. of Inland Revenue, L; R. 2 Ex. (w) Caldwell v. Dawson, 5 Ex. 46. Rep. 1. (?) Clayton v. Burtenshaw, 5 B. (w) 6 B. & C. 234. & C. 41, fx) Phillips V. The Commissioners Digitized by Microsoft® 214 PURCHASE DEEDS. only what is incidental to the sale, as a covenant for the pro- duction of deeds or an assignment of terms to attend the inheritance (fc).j of pmcZie If tl^e instrument is a compound of a purchase and a mort- gage, the deed must be stamped with the proper ad valorem duties, as on a purchase and mortgage for the specified sums. 16 & 16 Vict The 15 & 16 Vict. c. 55, s. 13, provides that all vesting orders under the "Trustee Act, 1850," or, under that Act, having the effect of conveyances, &e., must be stamped as if they had been deeds. and mort- c. 65, No. I. PAKCELS with general words. woBDs^ 1. All that piece or parcel of meadow or pasture land com- PABCELS WITH GENERAL 1. monly called or known by the name of , situate in the land. parish of , in the county of , containing by admeasure- ment , or thereabouts, and bounded on the north by land of , and on all other sides by land of , which piece or parcel of land is in the occupation of , as yearly tenant thereof, and is delineated and coloured pink in the map or plan drawn in the margin of these presents : Together with all buildings, commons, fences, hedges, ditches, ways, waters, water- courses, liberties, privileges, easements, and appurtenances whatsoever to the said piece or parcel of land belonging or in anywise appertaining or usually held or occupied therewith or reputed to belong or be appurtenant thereto, And all the ESTATE, right, title, interest, claim and demand whatsoever of the said , in to and upon the said premises and every part thereof. 2. 2. All that messuage or dwelling-house with the outbuild- snburb.^5"' '' ings, yard, and garden thereto belonging, commonly called cottage, situate in lane, in the parish of , in the county of , and now in the occupation of , as yearly tenant thereof, which premises contain together by admeasure- ment or thereabouts, and are delineated and coloured pink (6) 2 Ad. & El., N. S. 321. Digitized by Microsoft® rUECHASE DEEDS. 215 PARCELS WITH GENERAL WORDS. in the map or plan drawn in the margin of these presents : Together with all buildings, yards, gardens, trees, fences, hedges, ditches, ways, sewers, drains, watercourses, liberties, privileges, easements, and appurtenances whatsoever to the said messuage and premises belonging or in anywise appertaining or usually held or occupied therewith, or reputed to belong or be appurtenant thereto. And all the estate, &c. 3. All that messuage or dwelling-house, with the outbuildings j^ ^^^^ j^ ^ and yard belonging thereto, being No. 4, street, ''^^**- square, in the parish of , in the county of Middlesex, and now in the occupation of , under a lease dated the day of , for a term of years, commencing from the date of the said lease, at the yearly rent of , which messuage and premises are bounded, &c. : Togetheu with all buildings^ yards, courts, areas, sewei's, drains, watercourses, lights, liberties, privileges, easements, and appurtenances whatsoever to the said messuage and premises belonging or in anywise appertaining or usually held or occupied therewith or reputed to belong or be appurtenant thereto. And all the estate, &c. 4. All that plot, piece, or parcel of ground situate in the ^ .f-^^ parish of , in the county of , on the north side of a new }'^'j;^'^'°?tii a road or street now in course of formation, and called or intended erected"**^^ to be called ro.ad, which plot, piece, or parcel of ground is w^"™"- bounded, &c., and contains in width from east to west feet or thereabouts, and in depth from north to south feet or thereabouts, and the same is delineated and coloured pink in the map or plan drawn in the margin of these presents. And also the messuage or tenement lately erected on the said plot, piece, or parcel of ground, and numbered or intended to be numbered in road aforesaid : And ALSO full and free rio'ht and liberty in common with the owners and occupiers of the other messuages and premises in the said road or street, to pass and repass over and along the same road or street either with or without horses, carts, and carriages, at all times and for all purposes, the said , his heirs and assigns, paying a rate- able proportion with the said other owners and occupiers, of the expense of keeping the said road or street in repair : Together with ALL buildings, &c. (General words, No. 3.) And all the estate, &c. Digitized by Microsoft® 216 PURCHASE DEEDS. PARCELS WITH OXNEBAIi WORDS. 5. A farm and lands. 5. All that farm, with the messuage, tenemeat, or farm- house, barns, stables, outhouses, closes, pieces, or parcels of land belonging thereto, called farm, situate in the parish of ■ , in the county of , containing together by admeasure- ment or thereabouts, and in the occupation of as yearly tenant thereof, all which premises are more particularly described in the schedule hereunder written, and are delineated and coloured pink in the map or plan hereunto annexed, and referred to by the said schedule : Together with all buildings, barns, stables, yards, gardens, commons, trees, fences, hedges, ditches, ways, waters, watercourses, liberties, privileges, ease- ments, and appurtenances whatsoever to the said premises be- longing or in anywise appertaining or usually held or occupied therewith, or reputed to belong or be appurtenant thereto. And all the estate, &c. A large estate, comprising manor, advowson, mansion house, and farms. 6. All that the manor or lordship of , or reputed manor or lordship of , in the county of , and all that the advowson or perpetual right of presentation of and to the rectory and parish church of , in the county of : AxD ALSO all that capital messuage or mansion house called Hall, situate in the parish of , with the stables, out- buildings, lawns, pleasure grounds, plantations, cottages, and pieces or parcels of land thereunto belonging, and held there- with, containing together by admeasurement or there- abouts, and now or late in the possession of the said (vendor) or his undertenants : And also all that farm, with the messuage, tenement, or farm-house, buildings, closes, and parcels of land belonging thereto, called farm, situate in the said parish of , containing together by admeasurement , and now in the occupation of , at the yearly rent of £ . And also all that farm, &c. (describe it in the same way), all which capital and other messuages, farms, lands, tenements, and here- ditaments (except the said manor and advowson), are more par- ticularly described in the schedule hereunder written, and are also delineated in the map or plan hereunto annexed and referred to by the said schedule : Together with all houses, outhouses, barns, stables, coach-houses, buildings, yards, gardens, orchards, pleasure-grounds, tofts, lands, meadows, pastures, heaths, moors, wastes, waste grounds, folds, foldcourse, and liberty of foldage, feedings, parks, warrens, commons, common pf pasture, conimon of turbary, njiufs, minerals, c^uarries, mills. Digitized by Microsoft® PUECHASE DEEDS. 217 wrni GENERAL WORDS. niulctures, customs, tolls, duties, furzes, trees, woods, under- ^''^^^ woods, coppices, and the ground and soil thereof, mounds, fences, hedges, ditches, ways, waters, watercourses, fishings, fisheries, fowlings, courts leet, courts baron, and other courts, perquisites and profits of court, view of frank pledge and all that to view of frank pledge doth belong, reliefs, heriots, fines, amerciaments, goods and chattels of felons and fugitives, felons of themselves, and outlawed persons, waifs, estrays, chief rents, quit rents, rents of assize, fee farm and other rents, services, royalties, jurisdictions, franchises, liberties, privileges, easements and appurtenances whatsoever, to the said manor or reputed manor, and other hereditaments hereby granted, or expressed so to be, belonging or in anywise appertaining, or usually held or occupied therewith, or reputed to belong or be appurtenant thereto. And all the estate, &c. 7. All that, &c. (parcels as described in the Court Rolls), To r. • , /. -Ill • 1 » Ti Copyholds. ALL which hereditaments hereinbefore described, the said A. B. (vendor) was admitted tenant at a court holden in and for the said manor, on the day of , (or " was admitted tenant out of court on the day of .") (General words, see suprd, according to the nature of the property.) 8. (F.) All such and so many and such part or parts as is or a iTo/TT 777 Freeholtls are of freehold tenure of all, &c. (Parcels, general tcords, and and mn- holds inter- all the estate, dc.) ?JiTJaT,S be distin- guished. (C.) All such and so many and such part or parts as is or are of copyhold or customary tenure of all and singular the here- ditaments and premises hereinbefore described, and the free- hold parts whereof are hereinbefore granted or expressed so to be. 9. (F.) All those messuages or tenements, lands, and here- ^^.^^^^^^j^ ditaments, situate in the parish of , in the county of , ^'^f^^ry-^^ particularly mentioned and described in the schedule hereunder ['^y 3^™°* written, and delineated in the map or plan hereunto annexed, ^^^ and referred to by the said schedule : Save and except out of ■*''^™) the grant intended to be hereby made, such and so many and such part or parts of the hereditaments comprised in the said pchediUe as being of copj^hold temire is and are hereinafter Digitized by Microsoft® 218 PUECHASB DEEDS. ""wth'^ (covenanted to be surrendered. And also (by way of grant and wo™" "^"^ *^^ exception) all buildings, &c. (General words, and all the estate, dc.) (C.) All that customary messuage, &c. [parcels according to the ancient description in the Court Rolls), To which premises the said A. B. was admitted tenant at a court holden in and for the said manor on the day of , And which premises hereby covenanted to be surrendered, are now better known as constituting the copyhold portion of the hereditaments described in the schedule hereunder written : Together with all buildings, &c. {General words, and all the estate, dc.) A ver "short ^^- '^^^ hereditaments described in the schedule hereto, together reteenoo to ^^^*^ ^^^ rights and things appurtenant or reputed to be appur- scheduie. tenant thereto. No. II. coNVEYABCK. CONVEYANCE of Freeholds to a Purchaser in Fee. OF FREE- "^ p^cSJeb this indenture, made the day of , Between — ■ — '— A. B., of, &c. {vendor), of the one part, and C. D. of, &c. (pwr- Becite chaser), of the other part : Whereas the said A. B. hath agreed to s^tSe!"' "with the said C. D., for the absolute sale to him of the heredita- ments intended to be hereby granted, and the inheritance thereof in fee simple in possession, free from incumbrances, at Witnessing the price of f : NOW THIS INDENTURE WITNES- considera- SETH, that in pursuance of the said agreement, and in con- *'°"' sideration of the sum of £ to the said A B., paid by the said C. D. on or before the execution of these presents (the re- Eeoeipt ceipt wjicreof the said A. B. doth hereby acknowledge, and from the same doth hereby release the said C. D.), the said Vendor A. B. doth hereby grant unto the said C. D. and his heirs, grants ^-^^ ^^ (parccls, general words, and all the estate, dc, see tH^ sttpra, p. 214) : To have and to hold the hereditaments and chaser in premises hereby granted, or expressed so to be, unto and to the use of the said C, D., his heirs and assigns for ever : [And it is Digitized by Microsoft® fee. PURCHASE DEEDS, 219 HEREBY declared by the said C. D. that if he shall leave a toNVEVAnce •/ OF FREE- widow, such widow shall not be entitled to dower out of the J?°™ ™ FURCHASEK said premises :] (a) And the said A. B. doth hereby for himself, '" "''• his heirs, executors, and administrators (b), covenant with the f IfiJ^gj**'"'' said C. D , his heirs and assigns, That notwithstanding any act, ''°*^''- . deed, or thing by the said A. B. [or by any of his ancestors] (c) by vendor, done, or executed, or knowingly suffered to the contrary, he the said A. B. now hath good right to grant the hereditaments and ^or ngut to i=> o ^ convey. premises hereby granted, or expressed so to be, unto and to the use of the said 0. D., his heirs and assigns, in manner aforesaid : And that the said C. D., his heirs and assigns, shall and may For qmet at all times hereafter peaceably and quietly possess and enjoy "^ ^""^ the said hereditaments and premises, and receive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand whatsoever, from or by the said A. B., or any person or persons lawfully or equitably claiming from, under, or in trust for him [or from or under any of his ancestors] : And Free from THAT free from all incumbrances whatsoever made or suffered trances, by the said A. B. [or any of his ancestors], or any person or persons lawfully or equitably claiming as aforesaid : And FURTHEK, THAT HE the said A. B., and all persons having or and for lawfully or equitably claiming any estate or interest in the assurance. said hereditaments and premises, or any of them, or any part thereof, from, under or in trust for him the said A. B., [or from or under any of his ancestors,] shall and wiU from time to time, and at all times hereafter, at the request and cost of the (a) It is tlie better opinion that as a purchaser has, imcTer the present As to the law, the power of depriving his wife of her dower out of the purchased IJI'serthig ° property by a subsequent disposition by deed or will, there is no suflftcient the declara- reason for negativing her right to dower by a declaration in the deed of ^"Jg^'"^' conveyance, and that such declaration ought therefore to be omitted in the absence of special instructions or special circumstances. If such a declara- tion is embodied in the deed it is a bar, although the purchaser does not execute the conveyance. (Fairley v. Tuck, 6 W. Eep. 9!) (b) The words " for himself, his heirs, executors, and administrators " are words "for now unnecessary, and might safely be omitted. They were formerly inserted, ]jj,™f.^^^"? because specialty debts where the heir was expressed to be bound had a aravenant" priority over other debts in the administration of assets, but this is no now unne- longer the case. , cessary. (c) According to the practice of conveyancers, a vendor, being the bene- Covenants ficial owner, enters into covenants for title as against his own acts and the f"' t'ti"- acts of those claiming under him, and if he has acquired the property by descent or devise, or otherwise than by purchase, against the acts of his ancestors or testators or donors, as the case may be. In the above Prece- dent it is assumed that the vendor acquired the property by descent, but if he was himself the purchaser, the words within brackets will be omitted throughout. Digitized by Microsoft® 220 PUECHASB DEEDS. "ot™!™-""' ^^^^ ^- ^■> ^^ heirs, or assigns, do and execute, or cause to be ruRc^OTK ^°"° ^^^ executed, all such acts, deeds, and things whatsoever, "* ^^- for further and more perfectly assuring the said hereditaments and premises, and every part thereof, unto and to the use of the said C. D., his heirs and assigns, in manner aforesaid, as shall Covenant or may be reasonably required. [And the said A. B. doth to produce j j i. l. deeds. hereby for himself, his heirs, executors, administrators, and assigns, covenant -with the said C. D., his heirs and assigns, that he the said A. B., his heirs and assigns, will, unless prevented by fire or some other inevitable accident, from time to time and at all times hereafter upon every reasonable request, and at the cost of the said C. D., his heirs or assigns, produce or cause to be produced to him or them, or his or their attornies or agents, or at any trial, hearing, commission, examination, or otherwise as occasion shall require, all or any of the deeds and writings comprised in the schedule hereto, for the purpose of showing his or their title to the hereditaments and premises hereby granted, or expressed so to be, or any part thereof; And also at the like request and cost deliver or cause to be delivered unto the said C D., his heirs or assigns, such attested or other copies or extracts of or from the said deeds and writings, or any of them, as he or they may require ; And, will in the meantime,- unless prevented as aforesaid, keep the same deeds and writings safe, unobliterated and uncancelled] (c). In witness, &c. The Schedule referred to in the above written Indenture. (c) This covenant within brackets will be added when the deeds or some of them are retained by the vendor, and they are not covenanted to be pro- duced by a separate instrument. Digitized by Microsoft® PURCHASE DEEDS. 221 No. III. GRANT of Freeholds to a Pukchasee in Fee, iv'ith grant of /-i /• m T* FREEHOLDS (JOVENANTS for 1 ITLE ana for PfiODUCTION of DeED.S. to pub- •^ "^ *^ CHASER IN (In paraqraphs) (a). "ee (m pa- \ X- J jr I \ / RAOBAPHS). THIS INDENTURE, &c. (parties and recitals as in last Pre- „ i- Ceclent) : tSon and receipt. NOW THIS INDENTURE WITNESSETH as follows :— 1. In consideration of the sum of £ , as the purchase-money of the hereditaments intended to be hereby granted, paid to the said A. B. by the said C. D. on or before the execution of these presents, (the receipt whereof the said A. B. doth hereby ac- knowledge, and from the same doth release the said C. D.,) the said A. B. doth hereby grant, &c. (Grant to C. D. in fee simple Grant. as in last Precedent.) 2. The said A. B. doth hereby, &c. (Covenants for title as in % Covenants last Precedent.) for utic. S. The said A. B. doth hereby, &c. Covenants to produce s. ■' -^ Covenant deeds as in last Precedent.) to produce ' deeds. In witness, &c. (a) See observations on the paragraph system in vol. ii. A purchase or Parauraph mortgage deed drawn in paragraphs is rarely met with, and as these instru- ^y^'^'"- ments are usually of a simple character, the advantages of the plan are not so obvious in their case as in the case of articles of partnership, settlements, and wills, and other instruments usually containing numerous clauses. But even a simple deed drawn in paragraphs is neat^nd perspicuous, and a few forms prepared upon this system are given for the benefit of those practi- tioners who may like to adopt it. Digitized by Microsoft® 222 PUECHASB DEEDS. No. IV. OP FREE- HOLDS TO PUHCHASER IN FEE. [Sluyrt Form,'] CONVEYANCE of Freeholds to a Puechasee in Fee, with Covenant for Pbodttction 0/ Deeds. {A very short form) (a). Parties. THIS INDENTUEE. made the day of ■ Between Considera- tion. Grant by vendor to purchaser. Covenants for title l)y vendor. Covenant for produce tion of deeds. A. B., of, &c. (vendor), of the one jDart, and C. D., of, &c. (pur- chaser), of the other part, WITNESSETH that in consideration of £ now paid by the said C. D. to the said A. B.by way of purchase-money (the receipt whereof is hereby acknowledged), the said A. B. doth hereby grant unto the said C. D., his heirs and assigns. The hereditaments described in the first schedule hereto, together with all rights and things appurtenant or reputed to be appurtenant thereto, And all the estate and interest of the said A. B. therein : To hold the same unto and to the use of the said C. D., his heirs and assigns, for ever : And the said A. B. doth hereby covenant with the said C. D., his heirs and assigns, That notwithstanding anything by the said A. B. [or any of his ancestors] done or knowingly suffered to the contrary, the said A. B. now hath good right to grant the said hereditaments in manner aforesaid ; And that the said C. D., his heirs and assigns, shall quietly possess and enjoy the said hereditaments without any interruption or claim from or by the said A. B. or any person rightfully claiming under him [or any of his ancestors] : And THAT the said A. B. and all persons rightfully claiming imder him [or any of his ancestors] will at all times hei-eafter, at the request and cost of the said C. D., his heirs and assigns, do all such things for further assuring the said hereditaments to him or them in manner aforesaid as may be reasonably required ; And also that the said A. B.. his heirs and assigns, will at all times, at the request and cost of the said C. D., his heirs or assigns, produce to him or them, or as he or they shall direct, the deeds and writings specified in the second schedule hereto for evidencing the title to the said hereditaments, and also furnish to him or them copies or extracts of or from the said deeds and writings, and (a) This form may safely he used where extreme brevity is desired. Digitized by Microsoft® PURCHASE DEEDS, 223 will ia the meantime keep the same safe (damage by fire or o" ™^^ other accident excepted). pobch'asee IN FEE. [.Short Form.'] The 1st Schedule above referred to. The 2nd Schedule above referred to. No. V. APPOINTMENT and Conveyance of Freeholds to a appoint- Purchaser to Uses to bar Dower (a). c"ntoy1nct TO USES TO THIS INDENTURE, made the day of , Between ^J^l^^:!!^ A. B., of, &c. (vendor), of the first part; C. D., of, &c. (pur-'^"^^'- (a) A widow, whose marriage took place before the 1st of January, 1834, Where is entitled to dower out of all corporeal hereditaments, and also out of all y,'"iovr en- incorporeal hereditaments which savour of the realty, as for instance, ad- dower under vowsons aj)pendant or in gross, tithes, rents, franchises, commons appendant, old law. &c., of which her husband was solely seised for any legal estate of inheri- tance in possession at any time during the coverture and which the issue, if any, of the wife might by possibility inherit, but not out of equitable estates, nor out of an estate of which her husband was joint-tenant if he dies before his co-tenant. (Co. Litt. 31 b.) A widow is not dowable out of property which may go to the heir, if it is personal in its nature (1 Bro. C. C. 377) ; or out of real estate of the husband which in equity would go to his executors as personal estate. (Phillips v. Phillips, 1 My. & K. 649.) But she is dowable in respect of a base fee during its subsistence (Doe d. Neville ■;;. Rivers, 7 Tr. 276) ; and in respect of an estate tail, although the husband may die without issue (Paine's Case, 8 Co. Rep. a) : and in respect of an estate limited to the husband in fee simple, subject to a limitation over in case he has no issue, although there may be default of issue. (Moody V. King, 2 Bing. 447.) The widow's right to dower will not be defeated by the escheat of the estate for want of heirs (Jenk. 6). If lands were limited to such uses as her husband should appoint, and subject thereto to the use of himself in fee, the wife's right to dower might be displaced by an exercise of the power. (Maundrell v. Maundrell, 10 Ves. 265 ; Ray -e. Pung. 5 Madd. 310.) The Dower Act, 3 & 4 Wm. 4, c. 105, relates only to the dower of any Dower Act. widow married after the 1st of January, 1834 ; and it is provided by the 2nd section of that Act, that when a husband shall die beneficially en- titled to any land for an interest which shall not entitle his widow to dower out of the same at law, and such interest, whether wholly equitable, or partly legal and partly equitable, shall be an estate of inheritance in posses- sion, or equal to an estate of inheritance in possession (other than an estate in joint tenancy), then his widow shall be entitled in equity to dower out of the same land. The 3rd section of the Act provides, that when a husband shall have been entitled to a right of entry or action in any land, and his Avidow would be entitled to dower out of the same if he had recovered possession thereof, she shall be entitled to dower out of the same, although Digitized by Microsoft® 224 PURCHASE DEEDS. APPOINT- MENT AND chaser), of the second part ; and E. R, of, &c. (dower-trustee), ™?7sls T™ 0^ the third part : Wheeeas by an indenture dated the • BAB POWER, jg^y. q£ ^ g^jjj made between G. H. of the first part, the said ^yaJTceto" ^ ^- °^ the second part, and M. N. of the third part, the vendor to dower. her husTjand shall uot have recovered possession thereof, provided such dower is sued or obtained within the period during which such right of entry or action might be enforced. What con- A seisin in law was necessary before the Act, but now a mere right to to dower!"^^ the land will give a title to dower. The widow, however, must make her claim within the period allowed by the combined operation of 3 & 4 Wm. 4, c. 27, ss. 2, 3, 24, and the Real Property Limitation Act, 1874. The Dower Act also provides, that the widow may be deprived by her husband of her right to dower, not only by a declaration in a deed that she shall not be entitled to dower, but by an absolute disposition of the property in his lifetime, or by his will, or by a declaration in a conveyance to the husband, or by any deed executed by him, or by a declaration in his wOl, that she shall not be entitled to dower (ss. 4, 6, 7). The 5th section pro- vides that all partial estates and all charges created by any disposition or will of a husband, and all debts, incumbrances, contracts, and engagements to which his land shall be subject, shall be valid as against the wife's right to dower. If the husband devises any land to his widow, out of which she could be dowable if the same had not been so devised, her right to dower is thereby destroyed in respect of any land of her husband, xmless the will provided to the contrary (s. 9). But the Act does not prevent a court of equity from enforcing any covenant or agreement entered into by the husband not to bar the right of his widow to dower out of his lands or any of them (s. 11). The consequences of the 9th section may be remarkable. A woman may have acquired a right to dower out of a large freehold estate, — a right which in the absence of any devise to her by her husband would be para- mount to the claims of all his creditors, — and yet that right may be defeated by the husband devising only a small part of such estate to his wife for no longer a period than her life, even although in the event she may be de- prived of all benefit under this devise from the whole of the testator's real estate being required for the payment of his debts. (See Rowland v. Cuth- bertson, L. R. 8Eq. 406.) Where pro- It follows from the Dower Act that where a purchaser has a wife living, perty should whom he married before the 1st of January, 1834, it is necessary to limit the to uses to property to him in such a manner as that he may not have a legal estate of tar dower, inheritance. This is effected by means of the ordinary uses to bar dower. Under such iises and subject to the power of appointment, the purchaser takes at law only an estate for his life, with an ultimate remainder in fee, which is prevented from merging the life estate by the intervention of the estate given to the dower-trustee. If the power of appointment is omitted, a technically complete conveyance cannot be made without the concurrence of the dower-trustee ; but in a case where the power was omitted, and the dower-trustee was in Australia, the Court treated an objection founded on his non-concurrence as frivolous and vexatious. (CoUard v. Roe, 4 De G. & J. 525.) What Act The Dower Act extends to lands of gavelkind tenure (Farley v. Bonham, extends to. 2 J. & H. 177) ; but not to copyholds (PowdreU v. Jones, 2 S. & G. 407), or to freebench (Smith v. Adams, 5 De G. M. & G. 7). J, Where property, before 1834, was conveyed to the husband, who was then 2ioble'. married to a former wife, to the usual uses to bar dower, with a declaration that his present or any future wife should not be entitled to dower, it was held that his widow, whom he married after the 1st January, 1834, was entitled to dower. (Fry v. Noble, 20 Beav. 598 ; 7 De G. M. & G. 687 ; Clarke v, Franklin, 4 K. & J. 266.) Digitized by Microsoft® PURCHASE DEEDS. 225 AND CONVEYANCE TO USES TO BAB DOWER, hereditaments intended to be hereby appointed and granted jf™ an were granted to such uses as the said A. B., by any deed or deeds should appoint, and in default of any such appointment, and so far as any such appointment (if incomplete) should not extend, to the use of the said A. B. and his assigns during his life without impeachment of waste, with a limitation to the use of the said M. N., his executors and administrators, during the life of the said A. B., in trust for the said A. B., and his assigns, with remainder to the use of the said A. B., his heirs and assigns, for ever : And whereas the said A. B., hath agreed Agreement ° ' . for sale. with the said C D. for the absolute sale to him of the heredita- ments intended to be hereby appointed and granted, and the inheritance thereof in fee simple in possession, free from incum- brances, at the price of £ : And whereas the said C. D. is desirous that the said hereditaments should be limited to the uses and in manner hereinafter mentioned : NOW THIS IN- First witnessiujT DENTUEE WITNESSETH, that in pursuance of the said p^h. agreement, and in consideration, &c. (the receipt, d-c., supra, p. 218), the said A. B., in exercise of the power for this purpose vendor given to him by the hereinbefore recited indenture, and of all other powers (if any) in anywise enabling him in this behalf, J° uses^after doth hereby appoint that the hereditaments hereinafter de- scribed, shall henceforth go, remain, and be to the uses herein- after declared concerning the same : AND THIS INDENTURE second '-' Witnessing ALSO WITNESSETH, that in further pursuance of the said I'^rf- agreement, and for the consideration hereinbefore expressed, ^™'}"'j„ the said A. B. doth hereby grant unto the said C. D. and his pireimsat. heirs. All, &c. (parcels, general words, and all the estate, dc, Parceia. see supra, p. 214) : To have and to hold the hereditaments ll^^'^'^ and premises hereby granted, or expressed so to be, unto the said C. D. and his heirs, to the uses hereinafter declared con- cerning the same : .And it is hereby declared, that the J^^^^j'f "™ appointment and grant hereinbefore respectively contained, p"!,"*™"!* shall operate and enure. To SUCH uses as the said C. D. by any ^J^'J^^"^™ deed or deeds shall from time to time appoint. And in default J'nfavom'of of and until such appointment, and so far as any such appoint- r'^o'^as^r- ment shall not extend. To THE USE of the said C. D. and his assigns during his life without impeachment of waste. And AFTER the determination of that estate by any means in his lifetime, To the use of the said E. F., his executors and administrators, during the life of the said C. D., In trust for the said 0. D. and his assigns : And after the determination VOL. I. 'i Digitized by Microsoft® 226 PURCHASE DEEDS. APPOINT- MRNT AND CONVEYANCE TO USES TO EAR DOWER. Covenants by vendor. For right to convey. Quiet enjoy- ment. Free from incum- brances, and for furtlier assurance. of the estate so limited to the said E. F., his executors and administrators as aforesaid. To the use of the said C. D., his heirs and assigns, for ever : And the said A. B. doth hereby for himself, his heirs, executors, and administrators (b), covenant with the said C. D., his appointees, heirs and assigns. That notwithstanding any act, deed, or thing, by the said A. B. done or executed, or knowingly suffered to the contrary, he the said A. B. now hath good right to appoint and grant the heredita- ments and premises hereby appointed and granted, or expressed so to be, to the use of the said C. D., his appointees, heirs, and" assigns, in manner aforesaid : And that the said C. D., his appointees, heirs, and assigns, shall and may at all times here- after peaceably and quietly possess and enjoy the said heredita- ments and premises and receive the rents and profits thereof without any lawful eviction, interruption, claim, or demand whatsoever from or by the said A. B., or any person or persons lawfully or equitably claiming from, under, or in trust for him : And that free from all incumbrances whatsoever made or suffered by the said A. B., or any person or persons lawfully or equitably claiming as aforesaid : And moreover, that the said A. B., and all persons having, or lawfully or equitably claiming any estate or interest in the said hereditaments and premises, or any part thereof, from, under, or in trust for him, shall and will from time to time, and at all times hereafter, at the request and cost of the said C. D., his appointees, heirs or assigns, do and execute, or cause to be done and executed, all such acts, deeds and things for further and more perfectly assuring the said hereditaments and premises to the use of the said CD., his appointees, heirs, and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. (6) See note (6) at page 219, svprct. Digitized by Microsoft® PURCHASE DEEDS. 227 No. VI. APPOINTMENT and Conveyance of Freeholds to a appoint- T» . -n MENT AND PUKCHASEK vn S EE. couvByAKCE IN FEK. THIS INDENTURE, made the day of , Between Parties. A. B., of, &c. (;pendor), of the one part, and C. D., of, &c. (pw- chaser), of the other part {Recite conveyance to uses to bar dower, and agreement for sale as in last precedent) : NOW THIS ^™negji„ INDENTURE WITNESSETH, that in pursuance of the said p^°°'""^ agi-eement and in consideration, &c. (the receipt, dec, supra, p. 218), The said A. B. in exercise of the power for this purpose given to him by the hereinbefore recited indenture and of all other powers (if any) in anywise enabling him in this behalf, doth hereby appoint that the hereditaments hereinafter de- scribed shall henceforth go, remain, and be. To the use of the said C. D., his heirs, and assigns, for ever : AND THIS IN- |S*i„g DENTURE ALSO WITNESSETH, that in further pursuance '^'^■ of the said agreement, and for the consideration hereinbefore expressed. The said A. B. doth hereby grant unto the said C. D. ^*°'t°'tn and his heirs, All, &c. {jpa/rcels, general words, and all the j^'Joo"^'"' estate, dc, see supra, p. 214) : To have and to hold the hereditaments and premises hei'eby granted, or expressed so to be, unto and to the use of the said C. D., his heirs and assigns, for ever : And the said A. B. doth hereby for himself, his covenants •^ ' by vendor heirs, executors, and administrators, covenant with the sdid '"' *"'«■ C. D., his heirs and assigns, That notwithstanding any act, deed, or thing by the said A. B. done or executed, or knowingly suffered to the contrary, he the said A. B. now hath good right to appoint and grant the hereditaments and premises hereby appointed and granted, or expressed so to be, unto and to the use of the said C. D., his heirs and assigns, in manner aforesaid : And that, &c. {for quiet enjoyment, free from incumbrances, and for further assurance, see supra, p. 226). In witness, &c. Q 2 Digitized by Microsoft® 228 PURCHASE DEEDS. No. VII. CONVEYANCE OF FREE- HOLDS SUB- JECT TO LEASE FOB 99 YEARS. CONVEYANCE of Freeholds subject to Lease jfor Ninety-nine Years. THIS INDENTURE, made, &c., Between A. B., of, &c. {vendor), of the one part, and C. D., of, &c. (pwrchaser), of the Eecite lease other part : Whereas by an indenture dated, &c., and made for ninety- between (parties), in consideration of the buildings which had been erected by the said E. F. upon the hereditaments intended to be hereby granted, and the sums which had been expended by him in erecting the same, and in consideration of the rent, covenants, and conditions thereinafter reserved and contained, and on the part of the said E. F., his executors, administrators, and assigns, to be paid, observed, and performed, the said A. B. did demise the said hereditaments and buildings unto the said E. F., his executors, administrators, and assigns, for the term of ninety-nine years, from the day of then last past, at the yearly rent of £ , and under and subject to the covenants, and conditions therein contained, and on the part of the said E. F., his executors, administrators, or assigns, to be observed Agreement and performed : And whereas the said A. B. hath, agreed with for sale of ■'• ° heredita- the Said C. D. for the absolute sale to him of the here'ditaments meuts, suD- jeot to lease, intended to be hereby granted, and the inheritance thereof in fee simple, subject to the said indenture of the day of , ments. at the price of £ : NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said agi'eement, and in consideration, &c. (the receipt, dc), he the said A. B. doth hereby heredita- g^^^* ^^t° *^® ^^^^ ^- ^- ^^^ ^^ l^eirs, All and singular the pieces or parcels of land situate, &c., and bounded, &c., and the ground plot whereof is delineated in the plan drawn in the margin of the first skin of these presents : And also all and singular the messuages or dwelling-houses and other erections which have been erected and are now standing on the said together picccs or parcels of land or some portions thereof : Together of rents, &0., WITH the full benefit of the rent, covenants, services, and lease. other the benefits and advantages reserved by and contained in the said indenture of lease (general words, and all the estate, d-c.) : To have and to hold the hereditaments and premises hereby granted, or expressed so to be (subject to the said inden- Digitized by Microsoft® PUECHASE DEEDS. 229 ture of lease and the term thereby granted), unto and to the use convevance of the said C. D., his heirs and assigns, for ever. {Covenants ™^"^ ™^- for title, supra, pp. 219, 220.) m*'vL»°/ In witness, &c. To purchaser in fee, sub- ject to lease. No. VIII. CONVEYANCE of a Reversion Expectant on a Lease ookveyanoe OF KEVER- to the Lessee who Purchases under an option of^^°« "xpec , *^ TAMT OH Purchase given to him by the Lease. '■^'■"^ ■'° '^ LESSEE. THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. (vendor), of the one part, and C. D., of, &c. (pur- chaser), of the other part (Recite lease from A. B. to C. D. with Kecite lease. power to lessee to pu/rchase for the sum of £ ) : And J^*J''^^fl^(j WHEREAS the said C. D. has signified to tlie said A. B. his desbe ^^^ ^s^"'« ^ , , , , purchase. to purchase the reversion and inheritance in fee simple of the hereditaments comprised in the said indenture of lease expect- ant ou the term thereby granted as aforesaid at the price of £ : NOW THIS INDENTURE WITNESSETH, that in witnessing pursuance of the provision in this behalf contained in the here- inbefore recited indenture of lease as aforesaid, and in con- sideration, &c. (the receipt, dc), the said A. B. doth hereby Lessor grant and release unto the said C. D., his heirs and assigns. All reversion dc. (parcels, general words, and all the estate, dc.) : To have AND TO HOLD the hereditaments and premises hereby granted and released, or expressed so to be, unto and to the use of the said C. D., his heirs, and assigns, for ever, To THE END and to lessee in intent that the said term of years, granted by the herein- before recited indenture of lease, may be merged and ex- tinguished in the reversion and inheritance of the said premises. (Covenants for title, supra, ]pi>. 219, 220). In WITNESS, &c. Digitized by Microsoft® 230 PURCHASE DEEDS. No. IX. COPYHOLDS. DEED of Covenant to surrender a Copyhold Estate, itdth Covenants /or Title. Parties. THIS INDENTURE, made the day of , Between A. B. of, &c. (vendor), of the one part, and C. D., of, &c. (pur- Agreement chaser), of the other part: Whereas the said A. B. hath for sale. , , agreed with the said C. D. for the absolute sale to him of the copyhold hereditaments hereinafter covenanted to be sur- rendered, and the customary inheritance thereof in possession, free from incumbrances, except the suits, services, rents, fines, and heriots therefor due and of right accustomed, at the price witnesstag of £ : NOW THIS INDENTURE WITNESSETH, that considera- ^^ pursuance of the said agreement, and in consideration, &c. ''''°' (the receipt, dc), he the said A. B. doth hereby covenant with covenants the Said 0. D., his heirs and assigns, that he the said A. B. or his heirs shall and will forthwith, at the cost of the said C. D., his heirs or assigns, surrender or cause to be surrendered into the hands of the lord of the manor of , in the county of copyholds to > according to the custom of the said manor. All (parcels, p^ehaser in ^g^g^^j words), To THE USE of the Said C, D., his heirs and assigns, at the will of the lord of the said manor, according to the custom of the said manor, by and under the suits, services, rents, fines, and heriots therefor due and of right accustomed ; Covenant by AND THE SAID A. B. doth hereby for himself, his heirs, execu- tors, and administrators (a), covenant with the said C. D., his heirs and assigns, That notwithstanding any act, deed, or thing by the said A. B. [or by any of his ancestors (6) ] done, or exe- for right to cuted, or knowingly suffered to the contrary, he the said A. B. surren er, ^^^ -^^^^ ^^^^ ^..^j^^ ^^ Surrender the hereditaments and pre- mises hereby covenanted to be surrendered, to the use of the for quiet said C. D., his heirs and assigns, in manner aforesaid- And enjoyment; , • ^ n\ t\ \ ■ , • ,. THAT the said U. D., his heirs, and assigns, shall and may at all times hereafter peaceably and quietly possess and enjoy the said hereditaments and premises and receive the rents and profits thereof without any lawful eviction, interruption, claim or demand whatsoever, from or by the said A. B., or any per- son or persons lawfully or equitably claiming from, under, or in (a) (6) See notes (6) and (c), svprob, p. 219. Digitized by Microsoft® assurance. PUKCHASE DEEDS. 231 trust for him, [or from or under any of his ancestors] : And copyholds. THAT free from all incumbrances whatsoever made or suffered free from by the said A. B. [or any of his ancestors], or by any person bra™^s : or persons lawfully or equitably claiming as aforesaid : And ?^her FUKTHEB THAT he the Said A, B., and all persons having or' lawfully or equitably claiming any estate or interest in the said hereditaments and premises, or any of them, or any part thereof, from, under, or in trust for him [or from or under any of his ancestors], shall and will, from time to time, and at all times hereafter, at the request and cost of the said C. D., his heirs or assigns, do and execute, or cause to be done and exe- cuted, all such acts, deeds, and things whatsoever, for further and more perfectly assuring the said hereditaments and pre- mises, and every part thereof, to the use of the said C. D., his heirs and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. No. X. SURRENDER out of Court of Copyholds to a Purchaser. SURRENDER The Manor of , \ BE IT REMEMBERED, that on the in the county of- , J day of , A. B., of, &c. (vendor) came before L. M., of, &c., steward of the said manor, and in considera- consideration of the sum of £ to the said A. B. paid by ^"^ C. D., of, &c. (purchaser), the said A. B. did out of court sur- smrenripr render into the hands of the lord of the said manor, b)' the ""^^ hands and acceptance of his said steward, according to the custom of the same manor. All, &c. (parcels, general words, and all the estate, dc. ; see supra, No. I., sec. 7) : To the use to pur:hase of the said C. D., his heirs and assigns, for ever, at the will of '" ^^' the lord, according to the custom of the said manor, at and under the suits, services, rents, fines, and heriots therefor due and of right accustomed (a). (a) The lord of the manor cannot be compelled to accept a surrender to such uses as the purchaser shall appoint, and in default of and until appoint- ment to the use of the purchaser in fee. (Flack ;;. Master, &c., of Downing College, 13 C. B. 915.) Digitized by Microsoft® 232 PDECHASE DEEDS. SDBBENDEE rjij^jg surreiider was taken and accepted COPYHOLDS. ^j^g ^^y g^^^ yga^r abovo written by me. Signed L. M. (steward), Steward of the said Manor. No. XI. suEEENDER SURRENDER out of Court of Copyholds where the OF t/ */ COPYHOLDS Vendor is a Married Woman. WHERE r^EEiED y/jg Manor of ) BE IT REMEMBERED, that on the "WOMAN. t 1 1 • . r» in the county of , ) day of , A. B. and C. his wife came before L. M., of, &c,, steward of the said manor, and in consideration of the sum of £ to the said A. B. and C. his wife, paid by E. F., of, &c. (purchaser),, the said A. B. and C. his wife (the said 0. B. having been first examined by the said steward separately and apart from her said husband, and freely and voluntarily consenting thereto) did out of court surrender into the hands of the lord of the said manor, by the hands and acceptance of his said steward, according to the custom of the siirrcndei' said manor, All, &c. (parcels, general words, and all the estate, ty husband ^c. ; See supra. No. I., sec. 7), [to which said hereditaments and Topurohaser premises the said C. B. was admitted tenant at a court holden for the said manor on the day of ] : To the use of the said E. F., his heirs and assigns, for ever, at the will of the lord, according to the custom of the said manor, at and under the suits, services, rents, fines, and heriots therefor due and of right accustomed. This surrender was taken and accepted the day and year above written by me. Signed L. M. (steiDard), Steward of the said Manor. Digitized by Microsoft® PDECHASE DEEDS. 233 No. XII. DEED coniaininq Covenants for Title relative to Copy- »™° "^ "^ *> COVENANTS HOLD Hereditaments which had been previously titIe^t surrendered. cofyuoldb. THIS INDENTURE, made the day of , Between parties. A. B., of, &c. {vendor), of the one part, and C. D., of, &c. (pur- chaser), of the other part : Whereas the said A. B. lately Agreement agreed with the said C. D. for the absolute sale to him of the agreemint 1111 T • /. -11 11 that vendor copyhold hereditaments hereinafter described, and the custo- ?''piiti enter , , into cove- mary inheritance thereof in possession, free from incumbrances, ^^^5"^^°"^ except the rents, fines, heriots, suits, and services therefor due and of right accustomed, at the price of £ ; and upon the treaty for the said sale it was agreed that the said A. B. should enter into such covenants for title as are hereinafter contained : And whereas, in pursuance of the aforesaid agreement, the cJ'^hoidsto said A. B. hath this day out of court surrendered into the hands p™»''»b«'- of the lord of the manor of , in the county of , by his steward, according to the custom of the said manor, All, &c. (parcels), To the use of the said 0. D., his heirs and assigns, for ever, at the will of the lord, according to the custom of the said manor, and by and under the rents, fines, heriots, suits, and services therefor due and of right accustomed : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c. (the receipt, dc), the said A B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D., his heirs and assigns. That notwithstanding any act, deed, or thing by the ^''™''™*' said A. B. done or executed, or knowingly suffered to the '<"■ "tie- contrary, he the said A. B. now hath good right to surrender the copyhold hereditaments and premises hereinbefore mentioned to be surrendered, to the use of the said C. D., his heirs and assigns, in manner aforesaid. (Covenants for quiet enjoyment, freedom from incumbrances, and for further assurance ; see supra, pp. 230, 231.) In witness, &c. Digitized by Microsoft® 234 PURCHASE DEEDS. No. XIII. ASSIGNMENT OF LEASEHOLDS. Pai-taes, Recite lease. ASSIGNMENT of a Leasehold Messuage to a Purchaser. - day of , Between of, &c. {vendor), of the one part, and C. D., of, &c. THIS INDENTURE, made the A. B Agreement for sale. Witnessing part. Considera- tion. Vendor assigns. Parcels. To pur- chaser for residue of term. Description of parcels. (pwchaser), of the other part : Whereas by aD indenture of lease dated the day of , and made between G. H. of the one part, and the said A. B. of the other part, All that messuage or tenement, &c. (parcels as described in the lease), were demised by the said G. H. unto the said A. B., his executors, administrators, and assigns, from the day of then last past, for the term of years, at the yearly rent of £ and subject to the covenants and conditions in the said indenture of lease contained, and on the part of the lessee, his executors, administrators, and assigns, to be observed and performed : And whereas the said A. B. hath agreed with the said C. D. for the sale to him of the messuage and premises comprised in the said indenture of lease for the residue now unexpired of the said term of years, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c. (the receipt, <&c.) the said A. B. doth hereby assign unto the said 0. D., his executors, administrators, and assigns, The messuage and premises comprised in and demised by the hereinbefore recited indenture of lease, or expressed so to be (a) : And all the estate, right, title, interest, claim, and demand whatsoever of the said A. B. in to and upon the said premises and every part thereof: To HAVE and to hold the messuage and premises hereby assigned or expressed so to be, unto the said C D., his executors, administrators, and assigns, for all the residue now unexpired of the said term of years, subject to the rent reserved by the said indenture of lease, and the covenants and conditions in the same indenture contained, and which hence- forth, on the part of the lessee, his. executors, administrators, (a) The parcels should be described with reference to the indenture of lease, the recital of ■which should set forth the parcels as they are described in the lease. If the property is, at the date of the assignment, known by a different description, or any buildings have been erected on the premises since the lease, so as to require notice in the operative part, this should be done by way of addition to the old description. Digitized by Microsoft® PURCHASE DEEDS. 235 ASeiONMEKT OF LEASEHOLDS or assigns, ought to be observed and performed : And the SAID A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D., his executors, ty^^^iJ'o^ administrators, and assigns, That notwithstanding any act, deed, or thing by the said A. B. done or executed, or knowingly suffered to the contrary, the hereinbefore recited indenture of lease is now a good and effectual lease in the law of the messuage that icase ~ o la valid, and premises hereby assigned, or expressed so to be, and has not been forfeited or surrendered, or become void or voidable : And that the rent, covenants, and conditions, by and in the ™ve^"nt8 said indenture of lease reserved and contained have, on the plJaanT lessee's part, been duly paid, observed, and performed, up to the p™'""'""^ '• date of these presents : And that notwithstanding any such "ssigu ; act, deed, or thing as aforesaid, he the said A. B. now hath good right to assign the said messuage and premises unto the said C. D., his executors, administrators, and assigns, for the residue of the said term, and in manner aforesaid : And that the said e^Soyilfcu C. D., his executors, administrators, and assigns, shall and may tSm'f at all times hereafter during the said term of years, peaceably and quietly possess and enjoy the said messuage and premises, and receive the rents and profits thereof, without any lawful eviction, claim or demand whatsoever from or by the said A. B., or any person or persons lawfully or equitably claiming from, under, or in trust for him : And that free from f^Jjf" all incumbrances whatsoever, made, occasioned, or suffered by ^'"*"'^«= ■ the said A. B., or by any person or persons lawfully or equitably claiming as aforesaid : And further, that the said A. B., and further all persons having or lawfully or equitably claiming any estate or interest in the said messuage and premises, or any part thereof, from, under, or in trust for him, shall and will from time to time and at all times hereafter during the said term of years, at the request and cost of the said C. D., his executors, administrators, and assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things whatsoever, for further and more perfectly assuring the said messuage and premises unto the said C. D., his executors, administrators, or assigns, for the unexpired residue of the said term of years, as shall or may be reasonably required : And the said 0. D. doth hereby for himself, his heirs, execu- p^g^Mer'''' tors, administrators, and assigns, covenant with the said A, B., his executors and administrators, that he the said C. D., his executors, administrators, and assigns, will at all times hereafter Digitized by Microsoft® assurance. 236 PURCHASE DEEDS. ASSIGNMENT during the said term of years pay the yearly rent reserved L EASEHOLDS, jjy ^\^q g^jd imJenture of lease, and observe and perform all the of'rentand* ^ovenants and conditions contained in the same indenture, and of cove-™° henceforth on the part of the lessee, his executors, administrators, nants, qj- assigus, to be observed and performed, and will at all times demnifytag hereafter keep indemnified the said A. B., his heirs, executors, the same™" and administrators, and his and their estates and effects, from and agairist the payment of the said rent, and the observance and performance of the said covenants and conditions, and all actions, claims, and demands whatsoever, for or on account of the same, or in anywise relating thereto (a). In witness, &c. No. XIV. ABsioNMEN* ASSIGNMENT of Property comprised in several PBOPEETY Leases to a Puechasee for the residue of the COMPRISED "^ •' iNSEVEKAL sEVEEAL Teems. LEASES. THIS INDENTURE, made, &c., Between A. B., of, &c. (vendor), of the one part, and C. D., of, &c. {purchaser), of the Rp^ite one other part : Whbeeas by an indenture of lease dated the indentui-e of ■*■ •' lease.- day of , and made between G. H. of the one part, and the said A. B. of the other part. All, &c. {parcels as in the lease) were demised by the said G. H. unto the said A. B., his executors, administrators, and assigns for the term of years, computed from the date of the said indenture, at the yearly rent of £, and under and subject to the covenants and conditions therein contained, and on the part of the lessee, his executors, adminis- trators, and assigns, to be observed and performed : And whereas by an indenture of lease dated the day of , Covenants (a) An assignee of a leasehold interest is not liable for the rent and by pnr- covenants contained in the lease, after he has executed an assignment of the c aser. lease to another person ; so that if the vendor of a leasehold interest is not the original lessee, but an assignee, or the representative of an assignee, he is not entitled to a covenant from the purchaser for the payment of the rent and the observance of the covenants, unless he, the . vendor, is under the obligation of a covenant for the payment and observance of such rent and covenants. In the absence of any express covenant, the original lessee has a legal right to be indemnified by the holder of the lease for the time being against breaches of covenant committed during his tenancy, whether such holder takes by assignment directly from the lessee, or after mesne assignments. Moule V. Garrett, L. E. 7 Exch. 101. Digitized by Microsoft® PURCHASE DEEDS. 237 and made between L. M. of the one part, and the said A. B. of assion-siext the other part, All, &c. {parcels as in the lease), were demised ^''0''^™,^ by the said L. M. unto the said A. B., his executors, adminis- '"seveual trators and assigns for the term of years, at the yearly rent j^^,,^^^^ of £ , and under and subject to the covenants and conditions j"*e"'"" "' therein contained, and on the part of the lessee, his executors, administrators, and assigns, to be observed and performed : And That lessee *^ ^ has erected WHEREAS pursuant to a covenant in this behalf contained " "i^ssuage ^ and other in the last recited indenture, the said A. B. has at his own buildings ' on land expense erected a messuage or dwelling-house and certain i™]]^t5eage offices and outbuildings on the land comprised in such indenture or on some part thereof : And whereas (Here recite a lease of other parcels to the said A. B. at the yearly rent of £ , (fee): And whereas the said A. B. hath agreed with the said C. D. Agreement ° _ for sale of for the absolute sale to him of the hereditaments and premises heredita- J- ments eoin- comprised in and demised by the hereinbefore recited indentures g^ore-'" of lease respectively, and the buildings thereon respectively, for ™™eg™°"' all the unexpired residue of the said several terms of years respectively at the price of £ : NOW THIS INDENTURE wHnessing WITNESSETH, that in pursuance of the aforesaid agreement and in consideration of the sum of £ to the said A. B. now considera- paid by the said C. D. {the receipt, dc), The said A. B. doth vendor hereby assign unto the said C. D., his executors, administrators, "^^'^^ and assigns. All and singular the hereditaments and premises heremta- o ' ^ ^ ^ *■ ments eoni- comprised in and demised by the hereinbefore recited indentures r"?^.'" of lease respectively, or expressed so to be, and all buildings le^^^^ which since the date of the said respective indentures of lease have been erected on the land comprised therein, or on any part thereof respectively : [and all the estate, &c.) To have and to to^pnrohMer hold the hereditaments and premises hereby assigned, or of several expi-essed so to be, unto the said C. D., his executors, adminis- trators, and assigns, for all the residues now unexpired of the said several terms of years for which the said hereditaments and premises were granted by the said indentures of lease respectively as aforesaid, at the said several rents reserved by the said indentures of lease respectively, and under and subject to the covenants and conditions in the same indentures respectively contained, and which henceforth on the part of the lessee, his executors, administrators, and assigns, ought to be observed and performed : And the SAID A. B. doth covenant hereby, for himself, his heirs, executors, and administrators, covenant with the said C. D., his executors, administrators and Digitized by Microsoft® 238 PURCHASE DEEDS. ASSIGNMENT OF PROPERTY COMPRISED IN SEVERAL LEASES. that leases are valid ; that Tents and cove- nants have been paid and per- formed. or right to sign. For qniet enjoyment. Free from incum- brances; and for further assurance. Covenant by purchaser assigns, That notwithstanding any act, deed, or thing by the said A. B. done or executed or knowingly suffered to the contrary, the hereinbefore recited indentures of lease respec- tively are now good and effectual leases in the law of the here- ditaments and premises expressed to be demised by such leases respectively, and hereby respectively assigned, or expressed so to be, and have not been respectively forfeited or surrendered or become void or voidable : And that the several rents, covenants and conditions by and in the said indentures of lease respectively reserved and contained have on the lessee's part been duly paid, observed and performed up to the date of these presents : And that .notwithstanding any such act, deed or thing as aforesaid he the said A. B. now hath good right to assign the said hereditaments and premises unto the said C. D., his executors, administrators, and assigns for the residue of the said several terms of years, and in manner aforesaid : And that the said C. D., his executors, administrators and assigns shall and may at all times hereafter during the said several terms of years respectively, peaceably and quietly possess and enjoy the said hereditaments and premises and receive the rents and profits thereof without any lawful eviction, claim, or demand whatsoever from or by the said A. B., or any person or persons lawfully or equitably claiming from, under, or in trust for him : And that free from all incumbrances whatsoever made, occasioned or suffered by the said A. B., or by any person or persons lawfully or equitably claiming as aforesaid: And fubther that the said A. B., and all persons having or lawfully or equitably claiming any estate or interest in the said heredita- ments and premises, or any of them, or any part thereof, from, under, or in trust for him, shall and will from time to time and at all times hereafter during the said several terms of years respectively, at the request and cost of the said C. D., his executors, administrators and assigns, do and execute, or cause to be done and executed all such acts, deeds, and things what- soever for further and more perfectly assuring the said heredita- ments and premises unto the said C. D., his executors, adminis- trators, or assigns for the iinexpired residues of the said several terms of years respectively, and in manner aforesaid, as shall or may be reasonably required : And the SAID C. D. doth hereby for himself, his heirs, executors, administrators and assigns, covenant with the said A. B., his executors and administrators, that he the said C. D., his executors, administrators and assigns, Digitized by Microsoft® PURCHASE DEEDS. 239 ASgiONMENT PROPERTY COMPUISED IN SEVERAL LEASES. will at all times hereafter during the said several terms of years granted by the said several indentures of lease respectively, pay the several yearly rents reserved by the said indentures of lease respectively, and observe and perform all the covenants and ^^ ,^,. re„i conditions contained in the same indentures respectively, and ^veuau'iJ'"' henceforth on the part of the lessee, his executors, administrators, and assigns to be observed and performed, and will at all times anti to iu- hereafter keep indemnified the said A. B., his heirs, executors vendor from and administrators, and his and their estates and effects, from and against the said rents respectively, and the observance and performance of the said covenants and conditions respectively, and all actions, claims, and demands whatsoever for or on account of the same, or in anywise relating thereto. In witness, &c. LEASEHOLDS BV EXECUTORS. XV. ASSIGNMENT of Leaseholds hy Executors. assignment THIS INDENTURE, made the day of , Between A. B., bf, &c., and C. D., of, &c. {executors), of the one part, and E. F,, of, &c. ( -purchaser), of the other part : Whereas by an ijVt°"j„. indenture of lease dated the day of , and made f™*"'^ °' between G. H. of the one part, and L. M. of the other part, for the considerations therein mentioned. All, &c. {parcels as described in the lease), with their appurtenances were demised by the said G. H. unto the said L. M., his executors, adminis- trators and assigns, from the day of then last past for the term of years at the yearly rent of £ , and under and subject to the covenants and conditions in the said inden- ture of lease contained, and on the part of the lessee, his executors, administrators and assigns, to be observed and per- formed : And whereas the said L. M. died on the day wiu of of , having duly made his will, dated the day oi , poin'^s and thereby appointed the said A. B. and 0. D. executors executors. thereof, who duly proved the same, on the day of , teltato?anri in the General Registry attached to the Probate division Sfa^u." of the High Court of Justice : And whereas the said A. B. Agreement and C. D., as such executors as aforesaid, have agreed with Digitized by Microsoft® for sale. 240 PURCHASE DEEDS. ASSIGNMENT OF LEASEHOLDS BY EX150UTOKS. Witnessing part. Vendors as executors assign pre- mises com- prised in lease. to pur- cliaser for remainder of term.' Covenants by vendors against incum- 13 ranees. Covenant by purchaser to pay rent and observe covenants in lease. the said E. F. for the sale to him of the hereditaineiits and premises comprised in the hereinbefore recited inden- ture of lease for the residue now unexpired of the said term of years, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ to the said A. B. and 0. D. as such executors as aforesaid, paid by the said E. F. on or before the execution of these presents (the receipt, &c.), the said A. B. and C. D. as such executors as aforesaid do hereby assign unto the said E. F., his executors, administrators, and assigns. All and singular the hereditaments and premises comprised in and demised by the hereinbefore recited indenture of lease : And ALL the estate, right, title, interest, claim, and demand whatsoever of the said A. B. and C. D. in to and upon the same : To have and to hold the hereditaments and premises hereby assigned, or expressed so to be, unto the said E. F., his executors, administrators and assigns, for all the residue now unexpired of the said term of years, at the rent reserved by the said indenture of lease, and under and subject to the covenants and conditions in the same indenture contained, and which henceforth on the part of the lessee, his executors, administrators, or assigns, ought to be observed and performed : And each of them the said A. B. and C. D., as to his own acts and deeds only, doth hereby covenant with the said E. F., his executors, administrators and assigns, That they the said covenanting persons respectively have not done or knowingly suffered or been party or privy to any thing whereby they are prevented from assigning the hereditaments and premises hereby assigned or expressed so to be, in manner aforesaid, or whereby the same, or any part thereof, are, is, can, or may be incumbered : And the said E. F. doth hereby for himself, his heirs, executors, administrators, and assigns, covenant with the said A. B. and C. D., their executors and administrators, that he the said E. F., his executors, administrators and assigns, will at all times hereafter during the said term of years, pay the yearly rent reserved by the said indenture of lease, and observe and perform all the covenants and conditions contained in the same indenture, and henceforth on the part of the lessee, his exe- cutors, administrators and assigns, to be observed and performed and will at all times hereafter keep indemnified the said A.B. and C. D. and each of them, and the estate and effects of the said L. M., deceased, from and against the payment of the said rent, Digitized by Microsoft® PURCHASE DEEDS. 241 and the observance of the said covenants and conditions and all ^^ssimraEST actions, claims and demands whatsoever for or on account of the ^=*sehold3 same, or in anywise relating thereto (a). executors. In witness, &c. ~ No. XVI. ASSIGNMENT of a Portion of Leasehold Premises assionment which are held under one Lease at an entire Rent, L^aEuoioa the Rent being apportioned between the Vendor and « ap™™^ Purchaser by mutual a/rramgement ,- Cross Powers — OF Distress and Entry in case either makes Default in the Payment and Observance of his proportion of the Rent and Covenants. THIS INDENTURE, made the day of , Between Parties. A. B., of, &c. (vendor), of the one part, and C. D., of, &c. (pur- chaser), of the other part (Recite lease to E. F. for seventu-eiaht Recite lease years at yearly rent of £12, setting out the parcels as in the i"™*- lease, — also assignment of lease by E. F. to A. B. for residue of term) : And whereas the said A. B. hath agreed with the Agreement said C. D. for the sale to him of the hereditaments intended to partofpre- 1 n ' r t 1 miaes coiu- be hereby assigned (being part of the hereditaments demised f™^'^ '" by the hereinbefore recited indenture of lease), for the residue of the said term of seventy-eight years, at the price of £ And whereas upon the treaty for the said sale it was agreed Agreement . , „. — - . ... _ ° between vendor ar purchasei as to the n'l'ii'i • ^ ^ ■' • /■! apportion- intended to be hereby assigned as his proportion of the said ^nfftiis that the said C. D., his executors, administrators, and assigns, vendor and Purchfl-SGr should pay the yearly rent of £6 in respect of the hereditaments as to tiie -,-,, . , ,. . _. apportion yearly rent of £12, and that the residue of the said yearly rent of £12 should be paid by the said A. B., his executors, adminis- (a) Under 22 & 23 Vic. c. 35, s. 27, an executor having assigned a lease Executor held by his testator to a purchaser is at liberty to distribute the residuary fease^Ld'''' personal estate without setting apart any portion of it to meet future distributed liabilities under the lease, and having done so, is exonerated from personal ^^^f^'jjf liability in respect thereof, but the lessor may foUow the assets into the fo" future hands of the persons among whom they may have been distributed. It is breaches of apprehended that this enactment does not prevent the executors from ''''™°"'*- requiring a covenant for indemnity as in tne text. (See Cochrane v. Eobinson, 11 Sim. 378.) Digitized by Microsoft® 242 PURCHASE DEEDS. ASSIONMENT OP PART OF LEASEHOLDS WHERE RENT IS APPOR- TIONED. trators, and assigns, in respect of the said demised premises not intended to be hereby assigned, and that the said parties respec- tively should enter into the several covenants hereinafter ^^j^— ^ contained : NOW THIS INDENTURE WITNESSETH, that part. ijj pursuance of the aforesaid agreement in this behalf, and in coasidera- consideration, &c. (the receipt, dc), The said A. B. doth hereby assign unto the said C. D., his executors, administrators, and assigns, All [here set out the particular parcels vMch are agreed by vS™' *o ^« soZtZ ; general words, and all the estate, dc.) : To have and premSes' ^^ HOLD the hereditaments and premises hereby assigned, or iSm to expressed so to be, unto the said C. D., his executors, adminis- fofresidue trators and assigns, for all the residue now unexpired of the appo™ou*ed Said term of seventy-eight years, subject nevertheless to the ™'*' payment of the yearly rent of £6 (being one moiety of the said rent of £12 by the said recited indenture of lease reserved) on or at the days and times, and in the manner on, at, and in which the whole rent reserved by the said indenture of lease is made payable, and subject to the covenants and conditions in the said indenture of lease contained, and on the part of the lessee, his executors, administrators, and assigns, to be observed and per- formed respectively so far only as the same relate to the premises Covenants hereby assigned, or expressed so to be : And the SAID A. B. by vendor j g ? r ^ doth hereby covenant with the said C. D., his executors, admin- for title, istrators, and assigns. That notwithstanding, &c. {Covenants mentmd"'' f°''' ***'^' ^^i""*^; P- ^35) : And ALSO that he the said A. B., his obsei-vance executors, administrators, and assigns, shall and will at all times or his pro- ' ' o ' rent'md"' hereafter during the said term of seventy-eight years granted covenants ]yj jj^q ga_j(j recitod indenture of lease, pay the yearly rent of £6 (the residue of the said yearly rent of £12 reserved by the said indenture of lease), and observe and perform all the cove- nants and conditions in the said indenture of lease contained, and which henceforth, on the part of the lessee, his executors, administrators, or assigns, are or ought to be observed and per- formed, so far as the same relate to the premises comprised in the said indenture of lease which are not hereby assigned, and shall and will at all times hereafter keep indemnified the said C. D., his heirs, executors and administrators, and his and their estates and effects from and against the payment of the said rent of £6, and the performance of the said covenants and con- ditions relating to the last-mentioned premises, and from and againsj; all actions, costs, charges, damages, claims, and demands whatsoever, for or on account of the same or in anywise relating Digitized by Microsoft® PURCHASE DEEDS. 243 thereto : And also that in case the said C. D., his executors, ^ssionment ' ' OF PARr OP LEASEHOLDS WHERE REST IS APPOR- TIONED. admiuistrators, or assigns, shall at any time or times hereafter , pay, bear, sustain, or be put unto any sum or sums of money, costs, chai'ges, damages, or expenses for or on account of the po^g^g q, said yearly rent of £6, covenants and conditions hereinbefore en^^J^^-n™* covenanted to be paid, kept, and performed by the said A. B., p/emfB'esnot his executors, administrators, and assigns, as aforesaid, or any of lefSts'' them, then and in every such case, and so often as the same "e^^orLi shall happen, it shall be lawful for the said C. D., his executors, ^nHb^erv- administrators, and assigns, inta and upon such part of the p?S^ortion premises comprised in the said recited indenture of lease as is covenanu. not assigned by these presents, to enter and distrain for all and every such sums and sum of money, costs, charges, damages, and expenses as he the said C. C, his executors, administrators, or assigns, shall so pay, bear, sustain, or be put unto, and to dispose of the distress and distresses then and there found according to law, as landlords may for rents reserved upon leases for years, to the intent that thereby and therewith the said C. D., his executors, administrators, and assigns, shall and may be fully paid and satisfied all and every such sums and sum of money, costs, charges, damages, and expenses as aforesaid : And also that in case and so often as aforesaid it shall be lawful for the said C. D., his executors, administrators and assigns, to enter into and upon, and to hold all or any part of the last-mentioned premises, and to receive and take the rents, issues, and profits thereof for his and their own use, until he or they shall thereby or otherwise be fully paid and satisfied all and every such sums and sum of money, costs, charges, damages, and expenses as aforesaid : And the said C. D. ^^JchMe"^ doth hereby, for himself, his heirs, executors, administrators, and ^°y°g^^' assigns, covenant with the said A. B., his executors, adminis- ^?J^°4oif trators and assigns, that he the said C. D., his executors, °^^Sante^ administrators and assigns, shall and will at all times hereafter during the said term of seventy-eight years, granted by the said recited indenture of lease, pay the said yearly rent of £6 so agreed to be paid by him and them in respect of the premises hereby assigned, and also shall and will observe and perform all the covenants and conditions in the said indenture of lease con- tained, and which henceforth on the part of the lessee, his executors, administrators or assigns, are or ought to be observed and performed, so far only as the same relate to the said pre- mises hereby assigned, and shall and will at all times hereafter S. 2 Digitized by Microsoft® covenants. 24.4 PURCHASE DEEDS. AsajGNMENT keop Indemnified the said A. B., hiis heirs, executors, and admin- OF PART OF ^ i i } wb^be'bent istrators, and his and their estate and effects, from and against 'tioned*' *^® payment of such rent of £6, and the performance of the said covenants and conditions relating to the said hereby assigned premises, and from and against all actions, costs, charges, damages, claims, and demands whatsoever, for or on Powers of account of the same, or in anywise relating thereto : And also entiyin THAT IN CASE the Said A. B., his heirs, executors, adminis- respeet of premises trators, or assigns, shall at any time or times hereafter pay, default is bear, sustain, or be put unto any sum or sums of money, costs, purchaser, charges, damages, or expenses, for or on account or in respect of and observ- ^^ ^^^^ yearly rent of £6, covenants and conditions herein- ance of his j j ' of rent'and before Covenanted to be paid, kept, and performed by the said C. D., his executors, administrators, and assigns as aforesaid, or any of them, then and in every such case, and so often as the same shall happen, it shall be lawful for the said A. B., his exe- cutors, administrators, and assigns, into and upon the premises hereby assigned, to enter and distrain for all and every such sums and sum of money, costs, charges, damages, and expenses as he the said A. B., his executors, administrators or assigns shall so pay, bear, sustain, or be put unto, and to dispose of the distress and distresses then and there found according to law, as landlords may for rents reserved upon leases for years, to the intent that thereby and therewith the said A. B., his executors, administrators, or assigns, shall and may be fully paid and satis- fied all and every such sums and sum of money, costs, charges, damages, and expenses as he the said A. B., his executors, ad- ministrators, or assigns shall so pay, bear, sustain, or be put unto : And also that in case and so often as aforesaid it shall be lawful for the said A. B., his executors, administrators, and assigns, to enter into and upon, and to hold all or any part of the premises hereby assigned, and to receive and take the rents, issues, and profits thereof for his and their own use until he or they shall thereby or otherwise be fully paid and satisfied all and every such sums and sum of money, costs, charges, damages, and expenses as he the said A. B., his executors, administrators, or assigns shall so pay, bear, sustain, or be put unto. In witness, &c. Digitized by Microsoft® rUECHASE DEEDS. 245 No. XVII. CONVEYANCE of a Leasehold Estate /or Lives (a). oonvetanob ' Olf A LEA£S- THIS INDENTURE, made, &c., Between A.B., of, &c. (vendor), ^°°^ "^^° of the one part, and C. D., of, &c. ipmchaser), of the other part • P"«»«- Whereas by an indenture dated the — day of , and Sfuvi!"" made between G. H., of the one part, and the said C. D., of the other part, All, &c. (here set out the pa/rcels as described in the lease), and the appurtenances, were granted by the said G. H. unto the said A. B., his executors, administrators, and assigns, for the lives of and , and the life of the survivor of them, at the yearly rent of £5, and subject to the covenants and conditions therein contained, and on the part of the grantee, his executors, administrators, and assigns, to be observed and performed : And whereas the said A. B. hath agreed with the Agreement said C. D. for the sale to him of the hereditaments and premises feLa'° "^ comprised in the said recited indenture, for the lives and subject as aforesaid, at the price of £ : NOW THIS IN- DENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ to the said A. B. now paid by the said C. D., the receipt whereof the said A. B. doth hereby acknowledge, and from the same doth hereby release the said C. D., He the said A. B. doth hereby grant unto the said C. D., his executors, administrators, and assigns, All the hereditaments and premises comprised in and Grant of granted by the said recited indenture. And all the estate and '^'^'^'^^^ interest of the said A. B. therein : To have and to hold the to purchaser hereditaments and premises hereby granted, or expressed so to cestiS^m be, unto the said C. D., his executors, administrators, and ° vie. (a) An estate pour autre vie may be limited by the original grant, or by Estates pom- any subsequent assurance tJiereof, either to tbe grantee and his heirs, in ""'" "'*■ whioh case on his death intestate the heir will take as special occupant and the property will be chargeable in his hands as assets by descent, as in the case of freehold land in fee-simple ; or to the grantee, his executors and administrators, in which case the executor or administrator will take by special occupancy. Whether the executor or administrator takes by special occupancy or otherwise, the estate is made assets in his hands, to be applied in the same manner as the personal estate of the testator or intestate. See 1 Vic. 0. 26, s. 6. If an estate pour autre vie, either by the original grant or by any subsequent assurance thereof, is limited to the grantee, his heirs, executors, and administrators, the heir, and not the executor, will take as special occupant. (Atkinson v. Baker, 4 T. R. 229.) Digitized by Microsoft® 246 PURCHASE DEEDS. ^orYIiSt- assigns, for the lives of the said and , and the life of Tor uv^" the survivor of them, at the rent and subject to the covenants ■ and conditions reserved by and contained in the said recited indenture, and on the part of the grantee, his executors, admi- covenant by nistrators, and assigns, to be paid, observed, and performed : And THE SAID A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D., his execu- tors, administrators, and assigns. That the rent, covenants, and conditions by and in the said recited indenture reserved and contained, have on the said A. B.'s part been duly paid, observed, and performed, up to the date of these presents : And that, notwithstanding any act, deed, or thing by the said A. B. done, or knowingly suffered to the contrary, he the said For right to A. B. now hath good right to grant the said hereditaments and premises unto the said C. D., his executors, administrators, and assigns in manner aforesaid. And that the said C. D., his executors, administrators, and assigns, shall henceforth during For quiet the livos of the said and — : — , and the life of the survivor eiyoymen . ^£ i\xem, quietly possess and enjoy the said hereditaments and premises, and receive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand from or by the said A. B., or any person or persons lawfully or equitably Free from claiming from, under, or in trust for him : And that free from incum- n • 1 brances, all incumbrances whatsoever made, occasioned, or suffered by the said A. B., or by any person or persons lawfully or equitably tother claiming as aforesaid : And further, that the said A. B., and assurance ^n persous having or lawfully claiming any estate or interest in the said hereditaments and premises, or any part thereof, from, under, or in trust for him, shall and will at all times hereafter during the lives of the said and , and the life of the survivor of them, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more effectually assuring the said hereditaments and premises unto the said C. D., his executors, administrators, and assigns, in Covenant by manner aforesaid, as shall be reasonably required : And the to pay rent SAID C. D. doth hereby, for himself, his heirs, executors and observe i ■ • , . i • . , , ' covenants, administrators, and assigns, covenant with the said A. B. his indemnify executors and administrators, that he the said G D his vendor i ■ ■ v^. j-'., ''•" therefrom, executors, administrators, and assigns, will at all times hereafter during the lives of the said and , and the life of the survivor of them, pay the said yearly rent of £5, and observe and perform all the covenants and conditions contained in the Digitized by Microsoft® PUKCHASE DEEDS. 247 said recited indenture, and henceforth on the part of the grantee, oy"^"^™ his executors, administrators, or assigns, to be observed and ™ob ™v^g'' performed, and will at all times keep indemnified the said A. B., his heirs, executors, and administrators, and his and their estate and effects, fi'om and against the payment of the said rent, and the observance and performance of the said covenants and conditions, and all actions, claims, and demands whatsoever, for or on account of the same, or in anywise relating thereto. In witness, &c. No. XVIII. ASSIGNMENT of Leaseholds for the residue of a Term asbigsmint Determinable on Lives, and the benefit of a Cove- B.ai.m and ' •^ J COVENANT nant for Perpetual Eenewal. „ ^f THIS INDENTURE, made the day of , Between Paitiea. A. B., of, &c. (vendor), of the one part and C. D. of, &c. (purchaser), of the other part : Whereas, by an indenture, dated, &c., and made between X. Y., of the one part, and the said A. B., of the other part (here recite lease of premises herein- after demised for 99 years, from the day of , if E., F and G., or any of them should so long live, and the covenant for renewal contained in the lease. — Death of E.) — And whereas, Recite lefwo '^ to vendor by an indenture, dated the day of , and made between ^°'5^*j^[°' the said X. Y., of the one part, and the said A. B., of the other a^^"" part, in pursuance of the aforesaid covenant and in consideration of the surrender of the said recited lease, and in consideration of the sum of £ , to the said X. Y., paid by the said A. B., the said X. Y. demised unto the said A. B., All [here describe . the parcels as set forth in this lease) to hold the same unto the said A. B., his executors, administrators, and assigns, for the term of 99 years, from the day of , if F. and the said G. and H., or any of them, should so long live, at the yearly rent of £, , and under the covenants and conditions in the said indenture of lease now in recital contained, and on the lessee's part to be observed and performed, And by the inden- nintte™" Digitized by Microsoft® 248 PURCHASE DEEDS. ASSIGNMENT OF LEASE- HOLDS AND COVENANT FOB EENEWAL. perpetual renewal. Agreement for sale. Considera- tion. Vendor assigns. First. Leasehold premises. Secondly. Benefit Of covenant for renewal. ture now in recital, the said X. Y. covenanted for himself, his heirs, executors, administrators, and assigns, with the said A. B., his executors, administrators, and assigns, that in case on the decease of such one of them, the said F., G., and H., as should first die, the said A. B., his executors, administrators, or assigns, should within six calendar months from the dropping of such life give to the said X. Y., his heirs or assigns, or leave at his or their usual or last known place of abode, a notice in writing, requesting a new lease of the premises for 99 years if such two of them the said F., G., and H., as should be then living, and one other person to be nominated in that behalf by the person or persons giving or leaving such notice, or any of them should so long live, and should within the said period pay the sum of £ to the said X. Y, his heirs or assigns, by way of fine, for the renewal of such lease, then and in such case the said X. Y, his heirs or assigns, would within such period as aforesaid, at the request and cost of the said A. B., his executors, administrators, or assigns, grant unto him or them on the surrender of the lease now in recital, a new lease of the said premises for and determinable on the lives aforesaid according to such notice upon the same terms and under and subject to the same covenants, provisoes, and declarations as were contained in the lease now in recital, including the covenant for renewal : And whereas the said A. B. hath agreed with the said C. D., for the sale to him of the premises comprised in the said recited indenture of lease of the day of , for the residue of the said term of 99 years created therein by the same inden- ture as aforesaid, and also of the full benefit of the covenant in the same indenture contained for securing the perpetual renewal of the said lease on the dropping of lives as aforesaid at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the aforesaid agreement, and in considera- tion of the sum of £ , to the said A. B., paid by the said G. D. on or before the execution of these presents {the receipt, dc.) : He, the said A. B., doth hereby assign unto the said C. D., his executors, administrators, and assigns, First, All AND SiNGCiLAE the messuages and premises comprised in and demised by the said recited indenture of the day of ■ ; And Secondly, The full benefit and advantage of the cove- nant contained in the said last-mentioned indenture for securino- the perpetual renewal of the said lease on the dropping of lives as therein recited : And all the estate, right, title, interest, claim. Digitized by Microsoft® PUrtCHASE DEEDS. 249 and demand whatsoever, of the said A. B., in, to, and upon the assignment . J . ' ' ^ r ^ OF lka.se- said premises respectively : To have and to hold the messuages ^J^enIS? and premises, firstly hereinbefore assigned or expressed so to be, bemwal unto the said C. D., his executors, administrators, and assigns, ^^~j~^ — for all the residue now unexpired of the said term of 99 years g^JJ"^^ created therein by the said last-mentioned indenture, deter min- ^''^haser able as aforesaid, at the said yearly rent of £ , and under 5" oTte™ and subject to the covenants and conditions in the same inden- aweZ'the' ture contained, and on the lessee's part to be observed and ^"'"^ pei-formed, And to hold the benefit, advantage, and premises and benefit ji,.-„ , ^ ■*■ of covenant secondly nereinbeiore assigned, or expressed so to be, unto the for renewal * J A Ti 1 • 1 • • ^° purchaacr said A. a., his executors, administrators, and assigns absolutely, absolutely. And the said A. B. doth hereby for himself, his heirs, exe- covenants . . •' ' ' by vendor cutors, and administrators covenant with the said C. D., his executors, administrators, and assigns. That, notwithstanding that lease any act, deed, or thing by the said A. B., done or executed, or ^ ^* ' knowingly suflFered to the contrary the said recited indenture of lease of the day of , is now a good and effectual lease in the law of the messuage and premises hereby assigned or expressed so to be, and has not been forfeited or surrendered, or become void or voidable: And that the rent, covenants, that rent and conditions by and in the same indenture of lease reserved nantshave and contained, have on the lessee's part been duly paid, ob- paid and served, and performed up to the date of these presents. And fo^ ^^^4 to THAT notwithstanding any such act, deed, or thing, as aforesaid, *°''^' he the said A. B. now hath good right to assign the said messuage and premises firstly hereinbefore assigned unto the said C. D., his executors, administrators, and assigns, for the residue of the said term of 99 years created by the said inden- ture of lease of the day of , determinable, and in manner aforesaid, and the said premises secondly hereinbefore assigned unto the said C. D., his executors, administrators, and assigns absolutely, And that the said C. D., his executors, for quiet administrators, and assigns, shall and may at all times hereafter ™^°^™"' ■ during the said last-mentioned term of 99 years determinable as aforesaid peaceably and quietly possess and enjoy the said messuage and premises and receive the rents and profits thereof without any lawful eviction, claim or demand whatsoever, from or by the said A, B., his executors, or administrators, or any person or persons lawfully or equitably claiming from under or in trust for him, them, or any of them : And that free from free from all incumbrances whatsoever made, occasioned, or suffered by brances, Digitized by Microsoft® 250 PURCHASE DEEDS. *oJ'°™™7 the said A. B., his executors, or administrators, and all persons "wjtonI™ having or lawfully or equitably claiming as aforesaid: And RENEWAL. FURTHEE, that the said A. B., his executors and administrators, and for and all persons having, or lawfully or equitably claiming any ^smanoe. Bstato Or interest in the said messuage and premises, or any of them, or any part thereof, from, under, or in trust for the said A. B., his executors, or administrators shall and will from time to time, and at all times hereafter during the said last-mentioned term of 99 years, determinable as aforesaid, at the request and cost of the said C. D., his executors, administrators, and assigns, do and execute, or cause to be done and executed all such acts, deeds, and things whatsoever, for further and more perfectly assuring the said messuage and premises unto the said C. D., his executors, administrators, or assigns, for the unexpired residue of the said last-mentioned term of 99 years, determinable as aforesaid, and also the said benefit, advantage, and premises secondly here- inbefore assigned unto the said A.B.,his executors, administrators, or assigns absolutely, as shall or may be reasonably required : Covenant by And THE SAID C. D. doth hereby for himself, his heirs, exe- parchaser ... , . . , ^ . to pay rent cutors, admmistrators, and assigns, covenant with the said- A. B., and observe , . . i • i lessee's his executors, admmistrators, and assigns, that the said C D., his covenants* ... , . executors, administrators, and assigns, will at all times hereafter during the said last-mentioned term of 99 years determinable as aforesaid pay the yearly rent reserved by the said last recited in- denture of lease and observe and perform all the covenants and conditions contained in the same indenture and henceforth on the part of the lessee, his executors, administrators, or assigns, to be observed and performed, and will at all times hereafter keep indemnified the said A. B., his heirs, executors, and adminis- trators, and his and their estates and effects from and against the payment of the said rent, and the observance and perform- ance of the said covenant and conditions, and all actions, claims and demands whatsoever, for or on account of the same or in anywise relating thereto. In witness, &c. Digitized by Microsoft® PUKCHASE DEEDS. 251 No. XIX. GRANT of Feeeholds am,d Covenant for the Sur- ^l^^^^Z. RENDER of Copyholds, THIS INDENTURE, made,&c.. Between A.B., of, &c. {vendor). FREEHOLriS AND COVE- NANT TO BUaRENDRU COPYHOLDS. of the one part, and C. D., of, &c. (purchaser), of the other part : ^*'*'°^- Whereas the said A. B, hath aarreed with the said C. D. for the Agreement , , o for sale of absolute sale to him of the freehold hereditaments intended to freeholds and copy- be hereby granted, and the inheritance thereof in fee simple in •'"I'ls. possession, free from incumbrances, and also of the copyhold hereditaments hereinafter covenanted to be surrendered, and the customary inheritance thereof in possession, free from in- cumbrances, except the rents, fines, heriots, suits, and services therefor due, and of right accustomed, at the price of £ : And whereas it hath been agreed that for the purpose of the Arrange- o r r ment as to Stamp Act the sum of £ , part of the said purchase-money, ^^^gf"' shall be considered the price of the said freehold hereditaments, ^""'iif °" Jr > money. and the sum of £ , being the remainder of the said pur- chase-money, shall be considered the price of the said copyhold hereditaments : NOW THIS INDENTURE WITNESSETH, ^^^^'"^ that in pursuance of the aforesaid agreement, and in considera- tion, &c. {the receipt, dc), {.Conveyance of freeholds to C. D., ^^^^^-^^^ his heirs and assigns, supra, p. 218) : AND THIS INDEN- TURE ALSO WITNESSETH, that in further pursuance of the said agreement, and for the consideration aforesaid {Cove- nant for the surrender of the copyhold hereditaments to the covenant tn use of C. D., his heirs and assigns, supra, p. 230) : And copyholds. THE SAID A. B. doth hereby, for himself, his heirs, executors, and administrators, covenant with the said C. D., his heirs and assigns. That notwithstanding any act, deed or thing by ^"^^^^'^ the said A. B. [or by any of his ancestors (ct)], done or executed, for right to or knowingly suffered to the contrary, he the said A. B. now freeholds, hath good right to grant and surrender the freehold and copy- and for hold hereditaments and premises hereby granted and covenanted render copy- to be surrendered respectively to the use of the said C. D., his heirs and assigns, in manner aforesaid : And that the said C. D., his heirs and assigns, shall and may at all times here- (a) See note, supra, p. 219. Digitized by Microsoft® 252 PUKCHASE DEEDS. GRANT OF FREEHOLDS AND COVE- NANT TO SURRENDER COPYHOLDS. for quiet enjoyment, free from incum- brances. and for furtlier assurance. after, peaceably and quietly possess and enjoy the said freehold and copyhold hereditaments and premises, and receive the rents and profits thereof respectively, without any lawful eviction, claim, or demand from or by the said A. B,, or any person or persons lawfully or equitably claiming from, or under or in trust for him, [or from or under any of his ancestors (a)] : And THAT free from all incumbrances whatsoever made, occasioned, or suffered by the said A. B., [or any of his ancestors (a)], or by any person or persons lawfully or equitably claiming as afore- said : And further, that he the said A. B., and all persons having or lawfully or equitably claiming any estate or interest in the said freehold and copyhold hereditaments and premises or any of them, or any part thereof, from, under, or in trust for him [or from or under any of his ancestors (a)], shall and will, at the request and cost of the said C. D., his heirs or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the said freehold and copyhold hereditaments and premises to the use of the said C. D., his heirs and assigns, in manner aforesaid, as shall or may reasonably be required. In witness, &c. No. XX. GRANT OF FREEHOLDS AND ASSIGN- MENT OF LEASEHOLDS. GRANT of Freeholds and Assignment of Leaseholds to Purchaser. Parties. THIS INDENTURE, made the day of Between Becite lease. Agreement for sale. A. B., of, &c. (vendor), of the one part, and C D., of, &c. (pur- chaser), of the other part : Whereas (Recite lease to A. B. — see suprd, p. 234) : And whereas the said A. B. hath agreed with the said C. D. for the absolute sale to him of the freehold hereditaments intended to be hereby granted, and the in- heritance thereof in fee simple in possession free from incum- brances, and of the leasehold hereditaments comprised in the hereinbefore recited indenture for the residue of the said term of years, free from all incumbrances except the rent, covenants, and conditions reserved by and contained in the Digitized by Microsoft® PURCHASE DEEDS. 253 said indenture of lease, at the price of £ : NOW THIS J"'*"^ "" ^ FH ECU OLDS INDENTURE WITNESSETH, that in pursuance of the said ^"^f^f" agreement and in consideration, &c. (the receipt, dc.) The said '-^fff^°^°s. A. B. doth hereby grant unto the said C. D., his heirs and ^Hnessi,,^ assigns All (parcels, general words, and all the estate, dtc. — ''*'*■ see suprd, p. 214) : To have and to hold the hereditaments ScehoidL and premises hereby granted, or expressed so to be, unto and to the use of the said C. D., his heirs and assigns for ever : AND second ' o witnessing THIS INDENTURE ALSO WITNESSETH, that in further v<^'^- pursuance of the said agreement and for the consideration afore- onm™^" said. The said A. B. doth hereby assign unto the said C. D., his executors, administrators, and assigns, All and singular the hereditaments and premises comprised in and demised by the hereinbefore recited indenture of lease of the day of , or expressed so to be (and all the estate, dc. : To hAve and to hold the hereditaments and premises hereby assigned, or expressed so to be, unto the said C D., his executors, adminis- trators, and assigns, for all the residue now unexpired of the said term of years, at the rent and under and subject to the covenants and conditions by and in the said indenture of lease reserved and contained, and which henceforth on the part of the lessee, his executors, administrators, and assigns, are or ought to be paid, observed, and performed : And the said covenant by A. B. doth hereby, for himself, his heirs, executors, and administrators, covenant with the said C. D., his heirs, exe- cutors, administrators, and assigns, respectively. That not- i^**bS withstanding any act, deed, or thing by the said A. B. done or '°8' executed, or knowingly suffered to the contrary, the said inden- ture of lease is a good and effectual lease of the hereditaments and premises hereby assigned or expressed to be, for the said term of years, and has not been forfeited or surrendered, or become void or voidable, and that the rent, covenants, and conditions by and in the same indenture reserved and contained, have on the lessee's part been duly paid, observed, and performed up to the date of these presents : And that notwithstanding for right to any act, deed, or thing by the said A. B. [or any of his an- assign, cestors(a)], done or executed, or knowingly suffered to the contrary, the said A. B. now hath good right to gi-ant and assign the freehold and leasehold hereditaments and premises hereby granted and assigned respectively, or expressed so to be, unto (a) See note, suprd, p. 219. Digitized by Microsoft® 254 PURCHASE DEEDS. GRANT OP FREEHOLDS AND ASSION- MENT OP LEASEHOLDS. for quiet enjoyment. free from incum- brances. and for further assurance. and to the use of the said C. D., his heirs, executors, adminis- trators, and assigns respectively, in manner aforesaid : And THAT the said C. D., his heirs, executors, administrators, and assigns respectively, shall and may, as to the said freehold hereditaments and premises at all times hereafter and as to the said leasehold hereditaments and premises at all times during the said term of years, peaceably and quietly possess and enjoy the same freehold and leasehold hereditaments and pre- mises respectively, and receive the rents and profits thereof without any lawful eviction, claim, or demand whatsoever, from or by the said A. B., or any person or persons lawfully or equitably claiming from, under, or in trust for him [or from or under any of his ancestors] : And THAT free from all incum- brances whatsoever made, occasioned, or suffered by the said A. B. [or any of his ancestors], or any person or persons law- fully or equitably claiming as aforesaid : AND THAT the said A. B., and all persons having or lawfully or equitably claiming any estate or interest in the said freehold and leasehold here- ditaments and premises respectively, or any of them, from, under, or in trust for him [or from or under any of his an- cestors], shall and will from time to time and at all times hereafter at the request and cost of the said C. D., bis heirs, executors, administrators, or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the said freehold and leasehold hereditaments and premises unto and to the use of the said C. D., his heirs, executors, administrators, and assigns respectively, in manner aforesaid, as shall or may be reasonably required. (Covenant by purchaser .to pay rent and observe cove- nants in lease, and to indemnify the vendor therefrom; see suprd, pp. 235, 236.) In witness, &c. Digitized by Microsoft® PURCHASE DEEDS. 255 No. XXI. CONVEYANCE of Freeholds, Covenant to Surrender conveyance */ ' OF FREE- CoPYHOLDS, and Assignment of Leaseholds, the =°"'=' ' J i COVENANT Purchaser having married before 1834. COVENANT TO SURRENDER COPYHOLDS, AXD ASSIGN- THIS INDENTURE, made the day of , Between ^^1°^^ A. B., of, &c. {vendor), of the first part, C. D., of, &c. {purchaser), parties. of the second part, and E. F., of, &c. {dower trustee), of the third part {Recite lease supra, p. 234) : And whereas the said A. B. R«oite iea:^e. has agi-eed with the said C. D. for the absohite sale to him of t^t^f"*' the freehold hereditaments intended to be hereby granted, and the inheritance thereof in fee simple in possession free from incumbrances, and of the copyhold hereditaments hereinafter covenanted to be surrendered, and the customary inheritance thereof in possession free from incumbrances, except the rents, fines, heriots, suits, and services therefor due and of right accustomed, and of the hereditaments comprised in the herein- before recited indenture of lease for the residue of the said term of years, free from incumbrances except the rent, covenants, and conditions by and in the said indenture of lease reserved and contained, and on the lessee's part to be paid, observed, and performed, at the price of £3000 : And whereas it has Apportiou- been agreed that, for the purpose of the Stamp Act, the sum of purohaae- £2000, part of the said purchase-money, shall be considered the price of the said freehold and leasehold hereditaments, and the sum of £1000, being the residue of the said purchase-money, shall be considered the price of the said copyhold heredita- ments : NOW THIS INDENTURE WITNESSETH that in First part pursuance of the said agreement, and in consideration of part*^"^'"^ the sum of £3000, paid by the said 0. D. to the said A. B. on or before the execution of these presents {the receipt, dc.). The said A. B. doth hereby grant unto the said C. D. and his heirs, vendor All {parcels, general words, and all the estate, dc.) : To ioMs, have and to hold the hereditaments and premises hereby tardown- granted, or expressed so to be, unto the said C. D. and his heirs : pmch^r? To such uses, &c., {Uses to ba/r dower, see suprd, p. 225) : ^ecoM^^^ AND THIS INDENTURE ALSO WITNESSETH, that in p''^. further pursuance of the said agreement, and for the con- covenauts - -T/y^ r 1 1 j> 1 ^ surrender sideration aforesaid {Covenant for the surrender of the copy- copyhows to ^ ./ * «^ purchaser. Digitized by Microsoft® 256 PURCHASE DEEDS. OF FREE- HOLDS, COVENANT Tb yUBRENDEB COPYHOLDS, AND ASSIGN- MENT OF LEASEHOLDS. '=™/™™ /toZiis to the use of C. D., his heirs and assigns; see suprd, p. 230): AND THIS INDENTURE ALSO WITNESSETH, that in further pursuance of the said agreement, and for the consideration aforesaid (Assignment of leaseholds to C. D., his executors, administrators, and assigns ; see suprd, p. 234) : wttnessing -^^D THE SAID A. B. doth hereby, for himself, his heirs, P*'*' executors, and administrators, covenant with the said C. D., Vendor , . , . ... , . ,. , assigns his heirs, executors, administrators, and assigns respectively, leaseholds to ' / i • i i - i ■ i purchaser. THAT notwithstanding any act, deed, or thing by him, the said by vSot, a. B., done or executed, or knowingly suffered to the contrary, that lease is ^j^e hereinbefore recited indenture of lease is now a good and subsisting, ^ _ ° effectual lease of the hereditaments and premises hereby assigned, or expressed so to be, and has not been forfeited or surrendered, or become void or voidable, and that the rent, covenants, and conditions by and in the same indenture of lease reserved and contained, have been duly paid, observed, and for right to performed respectively, up to the date of these presents : And convey, sur- ^ . . , . render, and THAT notwithstanding any act, deed, or thing by the said A. B. [or any of his ancestors (a) ], done or executed, or knowingly suffered to the contrary, he the said A. B. now hath good right to grant, surrender, and assign the freehold, copyhold, and lease- hold hereditaments and premises hereby granted, covenanted to be surrendered, and assigned respectively, or expressed so to be, unto and to the use of the said C. D., his appointees, heirs, executors, administrators, and assigns respectively in manner for quiet aforcsaid : And that the said C. D., his appointees, heirs, enjoyment, i • • i ■ executors, administrators, and assigns respectively shall and may as to the said freehold and copyhold hereditaments and premises at all times hereafter, and as to the said leasehold hereditaments and premises at all times during the residue of the said term of years, peaceably and quietly possess and enjoy the same freehold, copyhold, and leasehold hereditaments and premises respectively, and receive the rents and profits thereof, without any lawful eviction, claim, or demand what- soever, from or by the said A. B., or any person or persons law- fully or equitably claiming from, under, or in trust for him, [or freedom from or Under any of his ancestors] : And THAT free from all brances, incumbrances whatsoever, made, occasioned, or suffered by the said A. B., [or any of his ancestors], or by any person or persons lawfully or equitably claiming as aforesaid: And further, (a) See note, suprd,, p. 219. Digitized by Microsoft® PUBCHASE DEEDS. 257 OF FREE- HOLDS, COVENANT TO SURBENDEa COPYHOLDS, AND ASSIGN- MENT OF LEASEHOLDS. fiu'ther assurance. that the said A. B., and all persons having, or lawfully or '^°'7^g^-^ equitably claiming, any estate or interest in the said freehold, copyhold, and leasehold hereditaments and premises respectively, or any of them, or any part or parts thereof respectively, from, under, or in trust for him [or from or under any of his ancestors], shall and will from time to time, and at all times hereafter at ""'' ''"' the request and cost of the said C. D., his appointees, heirs, executors, administrators, or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the same freehold, copy- hold, and leasehold hereditaments and premises, and every part thereof respectively, unto and to the use of the said C. D., his appointees, heirs, executors, administrators, and assigns respec- tively in manner aforesaid, as shall or may be reasonably required. (Covenant by purchaser to pay rent and observe covenants in lease, and to indemnify the vendor therefrom — supra, pp. 235, 23G.) In witness, &c. CONVEYANCE ov wife's FRF.KHOLDS. No. XXII. CONVEYANCE by a Husband and Wife of Free- holds of the Wife (a). THIS INDENTURE, made, &c., Between A. B., of &c., and C. his wife (vendors), of the first part, E. F., of, &c. (purchaser), of the second part, and G. H., of, &c. (dower trustee), of the third part : Whereas X. Y., late of, &c., died on the day Eecite win of , having made his will, dated the day of , and hS'^f- thereby devised the hereditaments intended to be hereby S. granted, unto the said C. B., her heirs and assigns, for ever : (a) This deed must be acknowledged by the wife pursuant to the 3 & 4 Will. 4, c. 74. The 9l8t sec. of the Fines and Eecoveries Act, enables the Court of Common Pleas, by an order to be made in a summary way upon the wife in the case of a husband being lunatic or of unsoimd mind, or being from any other cause incapable of executing a deed or making a surrender, or in cases where his residence is not known, or in case of his 1 leing in prison, transported, or living apart from his wife, to dispense with hia concurrence ; and as soon as such order is obtained, she is in a position to dispose of her real estate by an unacknowledged deed. (Goodchild v. Dougal, L. E. 3 C. D. 246.) VOL I. Digitized by Microsoft® 258 PUECHASE DEEDS. CONVEYANCE OF WIFE'S FREEHOLDS. Agreement for sale by husband and wife. Grant by husband and wife. to pUTchaser to uses to bar dower. Covenants by the husband : that he and his wife have right to convey. for quiet eiyoyment, free from incum- brances, and for furtlier assurance. And whereas the said A. B. and C. his wife, have agreed with the said E. F. for the absolute sale to him of the hereditaments intended to be hereby granted, and the inheritance thereof in fee simple in possession, free from incumbrances, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the aforesaid agreement, and in consideration of the sum of £ to the said A. B. and C. his wife paid by the said E. F. on or before the execution of these presents {the receipt, dc.) : The said A. B. and C. his wife, do and each of them doth by this deed duly acknowledged by the said C. B. pursuant to the statute in that behalf, grant unto the said E. F., and his heirs. All, &c. (parcels, general words, and all the estate, dc.) : To HAVE AND TO HOLD the hei-editamcfats and premises hereby granted, or expressed so to be, unto the said E. F. and his heirs ( Uses to bar dower for the said E. F., supiu, p. 225) : And THE SAID A. B. doth hereby, for himself, his heirs, executors, and administrators, covenant with the said E. F;, and his heirs, That notwithstanding any act, deed, or thing by the said A. B. and C. his wife, or either of them, or by the said X. Y., the testator, done, or executed, or knowingly suffered to the contrary, they the said A. B. and C. his wife now have good right to grant the hereditaments and premises hereby granted, or expressed so to be, to the use of the said E. F., his ap- pointees, heirs, and assigns, in manner aforesaid : And that the said E. F, his appointees, heirs, and assigns, shall and may at all times hereafter, peaceably and quietly possess and enjoy the said hereditaments and premises, and receive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand whatsoever, from or by the said A. B and C. his wife, or either of them, or any person or persons lawfully or equitably claiming from, under, or in trust for them, or either of them, or from or under the said X. Y. : And that free from all incum- brances whatsoever made, occasioned, or suffered by the said A. B. and C. his wife, or either of them, or by the said X. Y., or any person or persons lawfully or equitably claiming as afore- said : And furthee, that the said A. B. and C. his wife, and all persons having or lawfully or equitably claiming any estate ,or interest in the said hereditaments and premises, or any part thereof, from, under, or in trust for them, respectively, or from or under the said X. Y., shall and will, from time to time, and at all times hereafter, upon the request and at the cost of the said E. F., his appointees, heirs, or assigns, do and execute, or Digitized by Microsoft® PURCHASE DEEDS. 259 cause to be done and executed, all such acts, deeds, and things conveyance ' ' O OP WIFE a for further and more perfectly assuring the said hereditaments '•■"^™°'-d3. and premises to the use of the said E. F., his appointees, heirs, and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. No. XXIII. BY MARRIED WOMAN UNUER POWER, CONVEYANCE by a Married Woman under a Power, conveyance The Husband joires to Covenant for Title. THIS INDENTURE, made the day of , Between p,^^,^, C. B., the wife of A. B., of, &c. (appointor), of the first part, the said A. B. (husband of appointor), of the second part, and E. F., of, &c. (appointee), of the third part (Recite will of X. Y., Recite wiu. whereby the lands were devised to such uses as C. B. should, notwithstanding coverture, appoint, and in default of appoint- ment, to the uses therein mentioned, — death of testator, and probate of his will, — agreement by C. B. with E. F. for sale) : ^f^°["*"' And whereas the said A. B. has agreed to join in these That bus- presents for the purpose of entering into such covenants fora^eedto title as are hereinafter on his part contained : NOW THIS covenant INDENTURE WITNESSETH, that in pursuance of the ^;*^"°:„g said agreement, and in consideration of the sum of £ to p'"''- the said C. B. paid by the said E. F. on or before the execution tion. of these presents (the receipt, dec.) she the said C. B., in wire exercise of the power for this purpose given to her by the said will of the said X. Y. as aforesaid, and of all other powers (if any) her hereunto enabling DoTH by this deed, sealed and delivered by her in the presence of and attested by the two persons whose names are intended to be hereupon endorsed as witnesses to such sealing and delivery, direct and appoint, that All, &c. (parcels, general words, supra, p. 214, omitting "all the estate"), shall henceforth, go, remain, and be To the use of the said E. F., his heirs and assigns, for ever : And the to purchaser SAID A. B. doth hereby, for himself, his heirs, executors, and covenant by administrators, covenant with the said E. F., his heirs and that wk s 2 Digitized by Microsoft® 260 PURCHASE DEEDS. CONVETANOK BY MARRIED WOMAN tJNDEB POWER. for quiet oiyoyment. assigns. That notwithstanding any act, deed, or thing, by the said C. B. or by the said X. Y. done or executed, or knowingly suffered to the contrary, the said C. B. now has good right to a'^oint**" appoint the hereditaments and premises hereby appointed, or expressed so to be, to the use of the said E. F., his heirs and assigns, in manner aforesaid : And that the said E. F., his heirs and assigns, shall and may at all times hereafter peaceably and quietly possess and enjoy the said hereditaments and premises, and receive the rents and profits thereof, without any lawful eviction, claim, or demand whatsoever, from or by the said C. B. or any person or persons lawfully or equitably claiming from or under the said C B. by appointment or other- wise, or from or under the said testator X. Y. : And that free from all incumbrances whatsoever made, occasioned, or suffered by the said C. B. or any person or persons lawfully or equitably claiming as aforesaid : And that the said C. B. and all persons having or lawfully or equitably claiming any estate or interest in the said hereditaments and premises, or any part thereof, from or under the said C. B., by appointment or otherwise, or from or under the said X. Y., shall and will, &c. {Covenant for further assurance, supra, p. 219) (a). In witness, &c. free from incum- brances,- and for further asaurance, No. XXIV, CONVEYANCE TO TRUSTEE FOB separate usb of the pubchaseb's WIFE. Parties. Recite con- tract for sale. Bequest of the pur- chaser that property shall be^con- veyed to a trustee. CONVEYANCE 0/ Freeholds hy Vendor hy the Direc- tion o/t/ie Purchaser to a Trustee /or the separate Use of the Purchaser's Wife. THIS INDENTURE, made the day of , Between A. B., of, &c. {vendor), of the first part, C. D., of, &c., {pur- chaser), of the second part, and E. F., of, &c. {trustee), of the third part {Recite agreement for sale hy A. B. to C. D,, supra p. 218) : And whereas the said C. D. has requested that the said hereditaments shall be conveyed to the uses and upon the {a) Covenants for title from the husband cannot he insisted on and if the hushand declines to concur, the purchaser will have to dispense with any covenants for title. Digitized by Microsoft® PURCHASE DEEDS. 261 separate use op thk pukchaser's WIFE. trusts hereinafter declared concernino^ the same : NOW THIS conveyance *-* TO TRUSTI^P- INDENTURE WITNESSETH, that in pursuance of the said ^^ ™^« agreement, and in consideration, &c. {the receipt, dc). The SAID A. B., at the request and by the direction of the said C. D., testified by his being a party to and executing these wtoeasmg presents, doth hereby grant unto the said E. F. and his heirs, vendor All, &c. {parcels, general words, and all the estate, dc.) : To '''"'^°^°' HAVE AND TO HOLD the hereditaments and premises hereby granted, or expressed so to be, unto the said E. F. and his heirs, To SUCH USES as G. D., the wife of the said C. D., shall by any To such uses 08 deed or deeds with or without power of revocation and new purchaser's ^ ^ , wife shall appointment, or by her will appoint, and in default of such appoint, appointment and so far as any such appointment shall not fruitofap- extend. To the use of the said E, F. and his heirs during the ?o'"ruste'e,' joint lives of the said C. D. and G. D., In trust to pay the ?„';™i^™* rents and profits of the said hereditaments and premises unto 2^3"^^°'°' or permit the same to be received by the said G. D. and her {jg^'IJ"'*** assigns, for her separate use, free from the control of her said ™^S* for husband, and so that her receipt alone shall at all times be a'""'"''°° sufSScient discharge for such rents and profits ; And from and after the decease of such one of them the said C. D. and G. D. as shall first die. To the use of the said G. D. her heirs and assigns, for ever. {Usual covenants for title with the following variation,— f of right to convey " to the uses and in manner aforesaid," — " that the said hereditaments and premises, and the rents and profits thereof, shall at all times hereafter be peaceably and quietly possessed and enjoyed accordingly, with- out," dc, — and for fwther assurance, " on the request of the said E. F., his heirs or assigns, or of the said G. D., her heirs or assigns, and at the cost of the said G. D., her heirs or assigns, " to the uses and in manner aforesaid, as shall be reasonably required") In witness, &c. Digitized by Microsoft® 262 PUBCHASB DEEDS, No. XXV. BY MOaTGAQOR AND MORTGAOEK. Recite mortgage. Contract for sale. CONVEYANCE by a Moetgaqob and Mortgagee in Fee, Part of the Purchase Monet heing paid to the MoBTGAGEE in satisfaction of his Debt ; the Wife of the Mortgagor joms to release her Dower (»). Parties. THIS INDENTURE, made the day of , Between Sum due upon mort- gage, , and agree- ment for payment of same out of purchase money. Witnessing part. Considera- tion to mortgagee A. B., of, &c. (mortgagee), of the first part, C. D., of, &c. (vendor), and E. D. his wife, of the second part, and G. H., of, &c., (pur- chaser), of the third part : Whereas by an indenture dated the day of , and made between the said C. D. of the one part, and the said A. B. of the other part, the said C. D. in consideration of the sum of ^2000 paid to him by the said A. B. did grant the hereditaments intended to be hereby granted, with their appurtenances, unto and to the use of the said A. B., his heirs, and assigns, subject to a proviso therein contained for the redemption of the said hereditaments on payment by the said C D., his heirs, executors, or administrators, unto the said A. B.,^ his executors, administrators or assigns, of the sum of £1000, with interest thereon, on the day of then next : And whereas the said C. D. hath agreed with the 'said G. H. for the absolute sale to him of the hereditaments intended to be hereby granted, and the inheritance thereof in fee simple in possession, free from incumbrances, at the price of £3000 : And whereas the said sum of £2000 is still due. on the security of the hereinbefore recited indenture, but all interest for the same has been paid up to the date of these presents : And whereas upon the treaty for the said purchase, it was agreed that the said sum of £2000 should be paid to the said A. B. out of the said purchase-money: NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said agreement, and in con- sideration of the sum of £2000, on or before the execution of (a) The deed rnugt be acknowledged by the wife, pursuant to the Fines and Recoveriea Act, in order to bar her right to dower. (See 3 & 4 Wni 4 c. 74, ss. 77, 79.) ' ' Where a wife, married before the Dower Act, joined with her husband by an acknowledged deed in mortgaging his freehold estate to secure his debt, it was held that the wife's right to dower was extinguished in equity as well as at law, and therefore that she had no interest that would entitle her to redeem. (Dawson v. Bank of Whitehaven, L. R. 6 C. D. 218.) Digitized by Microsoft® MOaTGAGOR AND MOBTOAGEE. PURCHASE DEEDS. 263 these presents to the said A. B. paid by the said G. H., by the cowveyamce direction of the said C. D. (the receipt whereof the said A. B. doth hereby acknowledge, and from the same doth hereby re- lease, as well the said C. D., as also the said G. H.), and also in consideration of the sum of £1000 to the said C. D. at the same and con- time paid by the said G. H. (the payment and receipt in manner to vendor. aforesaid of which said several sums of £2000 and £1000 (making together the sum of £3000) he the said C, D. doth hereby ac- knowledge, and from the same doth hereby release the said G. H.), The said A. B., by the direction of the said C. D., doth conn-vancs hereby grant, and the said C. D. doth hereby grant and confirm, gagor'anti and the said E. D., for the purpose of releasing her dower, doth mortgagee, hereby release unto the said G. H., and his heirs. All, &c. " ^"^ ^"' {parcels, general words, and all the estate, dec): To have and Habendum 111- 1 • , T n to purchaser TO HOLD the hereditaments and premises hereby granted and i" fee. released, or expressed so to be, unto and to the use of the said G. H., his heirs and assigns, for ever, absolutely discharged from the said mortgage debt of £2000, and all interest for the same, and all claims and demands on account thereof: And the said covenant \>y mortgagee A. B. doth hereby, for himself, his heirs, executors, and adminis- against in- '^ ^ , , , . cunibrances, trators, covenant with the said G. H., his heirs and assigns, that he the said A. B. hath not at any time done, or knowingly suffered, or been party or privy to any act, deed or thing whereby he is prevented from granting the said hereditaments and premises in manner aforesaid, or whereby the same or any part thereof, are, is, or may be in any wise incumbered : And the covenant SAID C. D. doth hereby, for himself, his heirs, executors, fo^™7it°to and atlrainistrators covenant with the said G. H., his heirs "on™/, and assigns, That notwithstanding any act, deed, or thing by the said C. D., [or any of his ancestors,] (a) done or executed or knowingly suffered to the contrary, the said A. B., and the said C. D. and E. D. his wife respectively, now have good right to grant and release the hereditaments and premises hereby granted and released, or expressed so to be, unto and to the use of the said G. H., his heirs and assigns, in manner aforesaid : And that the said G. H., his heirs and assigns, shall and may for quiet at all times hereafter peaceably and quietly possess and enjoy the said hereditaments and premises, and receive the rents and profits thereof without any lawful eviction, interruption, claim, (ct) See note, sujyra, p. 219, Digitized by Microsoft® 2G4 PURCHASE DEEDS. free from incum- brances, and for further assiuance. CONVEYANCE qj. (JemRnd whatsoever, from or by the said C. D., or the said E. D. BY ' J i ' ^°^l°^°°^ his wife, or any person or persons lawfully or equitably claiming mobtoac.ee. {yoth, under, or in trust for them, or either of them, [or from or under any of the ancestors of the said C. D.J : And that free from all incumbrances whatsoever made or suffered by the said C. D. [or any of his ancestors], or any person or persons lawfully or equitably claiming as aforesaid : And fdrthee, that he the said C. D. and E., his wife, and all other persons having, or lawfully or equitably claiming any estate or interest in the said heredita- ments and premises, or any of them, or any part thereof, from, under, or in trust for them or either of them [or from or under any of the ancestors of the said C D.] shall and will from time to time, and at all times hereafter, at the request and cost of the said G. H., his heirs or assigns, do and execute, or cause to be done and executed, all such acts, deeds, things, and assur- ances in the law whatsoever, for further and more perfectly assuring the said hereditaments and premises, and every part thereof, unto and to the use of the said G. H., his heirs and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. No. XXVI. CONVEYANCE BY DEVISEE OF MORT- OAQOB AND MOHTOAGEE. CONVEYANCE hy the Devisee of a Mortgagor and a Mortgagee in Fee to a Purchaser (a). Parties, Recite wiU of mortgagor devising his real estate. THIS INDENTURE, made the day of Between A. B., of, &c. (mortgagee), of the first part, C. D., of, &c. {devisee of mortgagor), of the second part, and E. F., of, &c. (purchaser), of the third part (Recite mortgage by G. E. to A. B.) : And WHEREAS the said G. H. duly made his will, dated the day of , 1860, and thereby devised all his real estate to the said C. D., and bequeathed all his personal estate in the manner in the said will mentioned, and appointed the said C. D. sole exe- (a) In the present case as between the mortgaged estate and the other property of the mortgagor, the mortgaged estate is the primary fund for the payment of the debt. (See 17 & 18 Vict. c. 113 ; 30 & 31 Vict. c. 69 ) Digitized by Microsoft® PURCHASE DEEDS. 265 BY DEVISEE OF MORT- OAGOB AND MORTGAGEE, cutor of his said will (Death of testator and probate of his will. '^^01™™'' Contract for sale, sum due on mortgage, and agreement for payment of same out of pwchase-money , supra, p. 262) : NOW THIS INDENTURE WITNESSETH, that in pursuance of conswera- the said agreements, and in consideration of the sum of £2000 "oiie^igee, to the said A. B. paid hy the said E. F. on or before the execu- tion of these presents, by the direction of the said C. D., the receipt whereof the said A. B. doth hereby acknowledge, and from the same doth hereby release as well the said C. D. as also the said E.F., and in consideration of the sum of £1000 to the apf c"- . ' Bldoration to said C. D. at the same time paid by the said E. F., the payment vendor. and receipt in manner aforesaid of which said several sums of £2000 and £1000 (making together the sum of £3000) the said C. D. doth hereby acknowledge, and from the same doth hereby release the said E. F., the said A. B., by the direction of the conveyance' said C. D., doth hereby grant, and the said C. D. doth hereby devisee of ■^ ° •' mortgagor grant unto the said E. F. and his heirs. All, &c. {parcels, ^^^^°^'^- general words, and all the estate, dc.) : To have and to hold the hereditaments and premises hereby granted, or expressed so to rurchasor to be, unto and to the use of the said E. F., his heirs and assigns, for ever, absolutely discharged from the said mortgage debt of £2000, and all interest for the same, and all claims and demands on account thereof [Covenant hy mortgagee against incumbrances, suprh, p. 263 ). And the said C. D. doth covenant by hereby, for himself, his heirs, executors, and administrators, covenant with the said E. F., his heirs and assigns. That notwithstanding any act, deed, or thing by the said C. D., or the said G. H. deceased, done or executed, or knowingly suf- fered to the contrary, the said A. B. and C. D. now have good for right to right to grant the hereditaments and premises hereby granted, or expressed so to be, unto and to the use of the said E. F., his heirs and assiens, in manner aforesaid : And that the said For quiet eiyoyment, E. F., his heirs and assigns, shall at all times hereafter peaceably and quietly possess and enjoy the said hereditaments and pre- mises, and receive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand whatsoever from or by the said 0. D., or any person or persons lawfully or equitably claiming from, under, or in trust for him, or from or under the said G. H., deceased : And that free from all incumbrances free from whatsoever made or suffered by the said C. D. or the said G. H., brances, deceased, or any person or persons lawfully or equitably claim- ing as aforesaid : And further, that the said C. D., and all Digitized by Microsoft® 266 PURCHASE DEEDS. and for further assurance. CONVEYANCE persoHS haviug or lawfully or equitably claiming any estate or qaoob°Sd interest in the said hereditaments and premises, or any part MOETOAOEE. thereof, from under, or in trust for the said C. D., or from or under the said G. H., deceased, shall and will from time to time, and at all times hereafter, at the request and cost of the said E. F., his heirs or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the said hereditaments and premises and every part thereof, unto and to the use of the said E. F., his heirs and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. No. XX^II. CONVEYANCE BY MORT- GAGOR AND BY MORT- GAGKEB FOR TERM WHO ARE SATIS- FIED WITH REMAINING SECURITY. Parties. Eecite mortgage for a teim. Agreement tor sale. CONVEYANCE by a Mortgagor and Mortgagees for a Term of Years to a Purchaser in Fee — the Mort- gagees being Satisfied that their Remaining Secu- rity is Sufficient. THIS INDENTURE, made the day of Between A. B. of, &c. (vendor and mortgagor), of the first part, C. D. of, &c., and E. F. of, &c. (mortgagees), of the second part, and G. H. of, &c. (purchaser), of the third part : Whereas by an indenture dated the day of ^ , and made between the said A. B. of the one part, and the said C. D. and E. F. of the other part, the said A. B., in consideration, &c., did demise the hereditaments intended to be hereby granted (with other here- ditaments) unto the said C. D. and E. F., their executors, admi- nistrators, and assigns for the term of one thousand years, subject to a proviso therein contained for the cesser of the said term upon payment by the said A. B., his heirs, executors administrators, or assigns, unto the said C. D. and E. F., their executors, administrators, or assigns, of the sum of £ , with interest for the same, upon the day of , then next : And whereas the said A. B. has agreed with the said G. H. for the absolute sale to him of the hereditaments intended to be hereby granted, and the inheritance thereof in fee simple iu Digitized by Microsoft® PURCHASE DEEDS. 2G7 BY MORT- OAOOR AND BY MORT- GAGEES FOB TERM WHO ARE SATIS- FIED WITH BEMAINIMO SECURITY. possession, free from incumbrances, at the price of : And '"'bTmom™ WHEREAS the said 0. D. and E. F. being satisfied that their said mortgage debt is otherwise sufficiently secured, have agreed to join in these presents in the manner hereinafter expressed : NOW THIS INDENTURE WITNESSETH, that in pursu- ance of the said agreements, and in consideration of the sum of That mort- £ to the said A. B. paid by the said G. H. on or before the fSed'of execution of these presents {the receipt, dc), the said A. B. oframSg doth hereby grant, and the said C. D. and E. F., at the request ^"J^^Jj^ of the said A. B., and to the intent that the said term of one p'^- thousand years created by the hereinbefore recited indenture, tionf' °™" may, so far as regards the hereditaments intended to be hereby ^^"^"^ granted, be merged and extinguished in the freeliold and in- "^ffi" heritance of the same, do hereby surrender unto the said G. H. 1'*''°°'^ his heirs and assigns, All (parcels, general words, and all the estate, dc.) : To have and to hold the hereditaments and pre- ' mises hereby granted and surrendered, or expressed so to be, unto and to the use of the said G. H., his heirs and assigns, to purchaser absolutely discharged from the said mortgage debt of £ > free from and all claims and demands in respect thereof : And each of "eb?"^^ them, the said C. D. and E. F., as to his own acts and deeds only, doth hereby for himself, his heirs, executors, and covenants administrators, covenant with the said G. H., his heirs and swea ' ' against in- assigns, That they the said covenanting persons respectively ou'nbrances. have not at any time done, or knowingly suffered, or been party or privy to any act, deed or thing whereby they are prevented from surrendering the said hereditaments and premises in manner aforesaid, or whereby the same hereditaments and pi'e- mises, or any part thereof, are, is, can or may be incumbered : And the said A. B. doth hereby for himself, his heirs, exe- covenants cutors, and administrators, covenant with the said G. H., his vrndor! '^ heirs and assigns, That notwithstanding any act, deed, or thing by the said A. B. [or any of his ancestors] done, or executed, or knowingly suffered to the contrary, the said A. B., C. D., and E. F. respectively now have good right to grant and surrender the hereditaments and premises hereby granted and surrendered, or expressed so to be, unto and to the use of the said G. H., his heirs and assigns, in manner aforesaid. And, &c. (Covenants for quiet enjoyment, freedom from incumbrances, and for further assurance ; see supra, pp. 265, 266.) In witness, &c. Digitized by Microsoft® 268 PDECHASE DEEDS. No. XXVIII. CONVEYANCE OF FREE- holds and covenant to surrendeh copyholds BY MOLT- CONVEYANCE of Freeholds and Covenant to Suk- EENDER Copyholds hy a Mortgagok and Mort- gagee to a Purchaser (a). moe?gaceS. this indenture, made the day of , Between Pai-tiea. C. D. of, &c. (mortgagee), of the first part, A. B. of, &c. (vendor), of the second part, and E. F. of, &c. (pwchaser), of denture'of ^^^ third part : Whereas by an indenture dated the day freohokis"^ of , and made between the said A. B. of the one part, and the said C. D. of the other part, the said A. B., in consideration, &c., did grant the freehold hereditaments intended to be hereby granted, with their appurtenances unto and to the use of the said C. D., his heirs and assigns, subject to a proviso therein contained for the redemption of the said hereditaments upon payment by the said A. B., his heirs, executors, administrators, or assigns, unto the said C. D., his executors, administrators, or .assigns, of the sum of £1000, with interest for the same, on the day of , then next ; and by the same indenture the said A. B. did covenant to surrender the copyhold hereditaments hereinafter described, to the use of the said C. D., his heirs and assigns, subject to a condition corresponding to the proviso for redemption therein contained as to the said freehold heredita- mm-Sr of '^^'its as aforesaid : And whereas in pursuance of the covenant copyholds. [^ ^i^at behalf contained in the hereinbefore recited indenture, the said copyhold hereditaments were on or about the day of surrendered out of court by the said A. B. to the use of the said C. D., his heirs and assigns, according to the custom of the manor of , of which the same are h olden, subject to a condition for making void the said surrender upon payment by the said A. B., his heirs, executors, administrators, or assigns, unto the said C. D., his executors, administrators, or assigns, of the said sum of £1000, with interest for the same, on the said day of then next ; And WHEREAS, &c. (Recite con- tract for sale hy A.B. to E. F.,for £2000, — that said principal (a) Simultaneously with the execution of this deed, the mortgagee should sign a warrant to the steward of the manor to enter up satisfaction of tlie conditional surrender on the rolls of the manor. For a precedent of such Warrant, see injrd. Digitized by Microsoft® PURCHASE DEEDS. 269 CONVEYANCK OF FREE- HOLDS AND COVENANT TO SURRENDER COPYHOLD-i BY MORT- QAOOR AND MOKTGAOEE. sum of £1000 is still due, suprd, p. 262) : And whereas it has been agreed that the said sum of £1000 shall be paid to the said C. D. out of the said purchase-money, and that the said C. D. shall join in these presents in the manner hereinafter expressed, and that immediately after the execution of these presents, satisfaction of the hereinbefore recited conditional tofs™"'" surrender shall be entered up on the rolls of the said manor ihatmort- (Apportionment of purchase-money, supra, p. 255): NOW " "wing, THIS INDENTURE WITNESSETH, that in pursuance, &c. iTZ^' {Grcmt of freeholds as in testatum of Precedent No. XXV. ffiibepaid suprcb, p. 263) : AND THIS INDENTURE ALSO WIT- P^ehase- NESSETH, that in further pursuance of the said agreement, "i^*^' and for the consideration aforesaid, the said A. B. with the *°****""'- privity of the said C. D. (testified by his being a party to and freeiioias. executing these presents), doth hereby, &c. {Covenant to su/r- testatum. render copyholds, see suprd, p. 230, adding as follows), abso- ^°™"^"**° lutely discharged from the hereinbefore recited conditional '^opyhoua. surrender, and the said principal money and interest thereby secured, and all claims and demands in respect thereof : And covenant by . , mortgagee THE SAID C. D. doth hereby for himself, his heirs, executors, against in- administrators, and assigns, covenant with the said E. F,, his heirs and assigns, that he, the said C. D., hath not at any time done, or knowingly suffered or been party or privy to any act, deed, or thing whereby he is prevented from granting and sur- rendering the said freehold and copyhold hereditaments and premises in manner aforesaid, or whereby the same or any part thereof are, is, can, or may be incumbered : And the said covenants A. B. doth hereby for himself, his heirs, executors, and adminis- vendor, trators, covenant with the said E. F., his heirs and assigns. That notwithstanding any act, deed, or thing by the said A. B. [or any of his ancestors] done or executed, or knowingly suffered to the contrary, the said C. D. and A. B. respectively now have good right to grant the freehold hereditaments and premises hereby granted, or expressed so to be, and the said A. B. now has good right to surrender the copyhold hereditaments and premises hereby covenanted to be surrendered, or expressed so to be, unto and to the use of the said E. F., his heirs and assigns, in manner respectively aforesaid : And that, &c. (Cove- nants for quiet enjoyment, free from incumbrances, and for further assurance, suprd, pp. 251, 252, substituting "E. F., for C. D." throughout). In witness, &c. Digitized by Microsoft® 270 rUBCHASE DEEDS. No. XXIX. ASSIGNMENT PF LEASE- HOLDS BY MORTGlOOB AND MORTGAGEE. Parties. Becite indentures of lease and mortgage. Agreement for sale. Sum still due on mortgage. Arrange- ment that debt shall be paid out of purchase- money. Vendor assigns and mortgagee surrenders premises. ASSIGNMENT of Leaseholds hy Mortgagor and Mortgagee hy Subdemise, the, Mortgage Debt leing paid out of the Purchase Money. THIS INDENTUKE, made, &c., Between A. B..of, &c. (vendor and mortgagor), of the first part, C. D. of, &c. (mortgagee), of the second part, and G. H. of, &c. (purchaser), of the thii;d part: Whereas by an indenture of lease (here recite lease to A. B. for ninety-nine years, at the yearly rent of £ , and si/Jjject to building covenants ; also mortgage by A. B. of the leasehold premises to C. D. for residue of term wanting ten days, to secure £500 and interest) : And whereas, the said A. B. hath agreed with the said G. H. for the sale to him of the premises com- prised in, and now subject to, the said recited indenture of lease, for the unexpired residue of the said term of 99 years therein, at the price of £1000; And whereas the sum of £500 is still due on the security of the said recited indenture of mortgage, but all interest for the same has been paid up to the date of these presents : And whereas, upon the treaty for the said purchase it was agreed that the said mortgage debt of £500 should be paid out of the said purchase -money, or sum of £1000 : NOW THIS INDENTURE WITNESSETH, that in pursuance of the aforesaid agreement, and in con- sideration, &c. (considerations to mortgagee and vendor, suprd, p. 262). The said A. B. doth hereby assign, and the said C. D. at the request of the said A. B., and to the intent that the said derivative term created by the said recited indenture of mort- gage be merged and extinguished in the said term of 99 years created by the said recited indenture of lease as aforesaid, doth hereby surrender unto the said G. H., his executors, adminis- trators, and assigns, All and singular the piece and parcel of land and premises comprised in and demised by the said recited indenture of lease, and the messuage and other build- ings which have been erected on the said piece and parcel of land since the date of the same indenture of lease: And all the estate, right, title, interest, claim and demand what- soever, of the said A. B. and C. D. respectively, in to and Digitized by Microsoft® PURCHASE DEEDS. 271 OF LEASE- HOLDS EV MORTGAGOR AND MORTGAGEE. upon the said premises, and every part thereof: To have *^|'leasf^ AND TO HOLD, the premises hereby assigned and surrendered, or expressed so to be, unto the said G. H., his executors, administrators, and assigns, for all the residue now unexpired to hci ^ and as to dower in favour of the said E. F., supra, p. 225) : And the ^'^j"^^^^ said a. B. doth hereby covenant with the said G. H. and Sj^g^^^'j. his heirs. That notwithstanding, &c., he the said A. B. now has good right to grant the hereditaments hereby granted, or ex- covenants pressed so to be, to the use of the said C. D. and E. F. respec- vendor. tively, and their respective appointees, heirs, and assigns, in manner aforesaid : And that the said C. D. and E. F. respec- tively, and their respective appointees, heirs, and assigns, shall and may at all times hereafter peaceably and quietly possess and enjoy the said hereditaments and premises, and receive the rents and profits thereof without any lawful evictiou, &c. : Digitized by Microsoft® FREEHOLDS TO TENANTS IN COMMON. 296 PURCHASE DEEDS. <'°'^^^**'™ And THAT free from all mcumbrances,made,&c.: And further, that he the said A. B. and his heirs, and all persons having, or lawfully or equitably claiming, &c., shall and will from time to time, and at all times hereafter, at the request and cost of the said C. D. and E. F. respectively, or their respective appointees, heirs, or assigns, do and execute, or cause to be done and exe- cuted, all such acts, deeds, and things for further and more per- fectly assuring the said hereditaments and premises, and every part thereof, to the use of the said C. D. and E. F. respectively, and their respective appointees, heirs, and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. No. XLIV. coNVETAjioE CONVEYANCE of Freeholds to Purchaser under a UNDER "^ l^i^Y Power of Attorney executed by the Vendor, who is abroad. THIS INDENTURE, made, &c., Between A. B. of, &c. (vendor), of the one part, and C. D. of, &c. (purchaser), of the Reoits other part : Whereas G. H., late of, &c., deceased, being at the seisin. time of the execution of his will hereinafter recited, and thence- forth to the time of his decease, seised of or entitled to the hereditaments intended to be hereby granted, and the inherit- ance thereof in fee simple in possession, free from incum- viiiof brances, duly made his last will in writing, dated, &c., and devising thereby devised all his lands and hereditaments in the lands in a particular countv of , unto and to the use of the said A. B., his county to , *^ . ' vendor. heirs and assigns (Death of G. H., and probate of his mil) : Power of And whereas by a deed poll or instrument in writing under the hand and seal of the said A. B., dated the day of , the said A. B. duly appointed E. F. of, &c., to be his true and lawful attorney, for him and in his name absolutely to sell and dispose of all and singular the lands and hereditaments in the said county of , so devised to him, the said A. B., by the said recited will of the said G. H. as aforesaid, or any part or parts thereof, at such times, upon such terms and conditions, and Digitized by Microsoft® PURCHASE DEEDS. 297 CONVEYANCE UNDER POWER OF ATTORNEY. in such manner as he the said E. F. should think proper, and to receive the purchase-money for the lands and hereditaments so to be sold and disposed of, and upon payment thereof, or of any part or parts thereof, to give and execute receipts and other dis- charges for the same respectively, and also to enter into, make, execute, and perform any contract, deed, writing, or thing, which the said E. E. should think necessary or desirable for effectuating the purposes aforesaid, or any of them, and for all or any of the purposes of the said deed poll to use the name of the said A. B. : And whereas the said A. B., by the said E. F. his attorney, f°^^^^ hath agreed with the said C. D. for the absolute sale to him of the hereditaments intended to be hereby granted, (such here- ditaments being a part of the hereditaments so devised by the said recited will as aforesaid) and the inheritance thereof in fee simple in possession, free from incumbrances, at the price of£ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the aforesaid agreement, and in consideration ^i°„*'*^"' of the sum of £ , to the said A. B. by the said E. F., as such attorney as aforesaid, paid by the said C. D., on or before the execution of these presents, the receipt whei-eof the said A. B., by the said E. F., doth hereby acknowledge, and from the same doth hereby release the said C. D., he, the said A. B. by the said E. F. as such attorney as aforesaid, doth hereby, &c. {Grant of freeholds to C. D. in Fee, — and covenants for Grant by title by A. B. with C. D., suprd, pp. 218, 219). In Witness p^cok whereof, the said E. F., under and in exercise of the power for this purpose contained in the said recited deed poll or instru- ment in writing of the day of , hath hereunto set the name and seal of the said A. B., the day and year first above written (a). Signed, sealed, and delivered by the said E. F., as the attorney, and in the name and on the behalf of the said A. B., in the presence, &c. (a) The receipt for the purchase-money to be indorsed must be ackn >w- ledged to be paid to the said E. F. " as attorney of and on behalf of the said A. B., under and pursuant to the within-recited deed poll." Digitized by Microsoft® 298 PUKCHASB DEEDS. No. XLV. OONVKYANCE OP FBKEHOLDS TO TWO PARTNERS. Parties. Agreement for sale. Considera- tion. Grant of to partners as part of the part- nership property. CONVEYANCE of Fkebholds to two Partners, where the Purchase is made out of the Partnership Assets (a). THIS INDENTURE, made, &c., Between A.B. of, &c. (vendor), of the one part, and C. D. of, &c., and E. F. of, &c. (pv/r- chasers), being co-partners in the trade or business of at , and carrying on the same under the style or firm of - of the othec part : Whereas the said A. B. hath agreed with the said C. D. and E. F., as such partners as aforesaid, for the sale to them of the hereditaments intended to be hereby granted, and the inheritance thereof in fee simple in possession, free fi-om incumbrances, at the price of £ : NOW THIS INDEN- TURE WITNESSETH, that, in pursuance of the aforesaid agreement, and in consideration of the sum of £ to the said A. B. paid by the said C. D. and E. F. on or before the execution of these preseiits (the receipt, dc.), The said A. B. doth hereby grant unto the said C. D. and E. F. and their heirs. All, &c. ( pa/rcels, general words, and all the estate, dc.) : To have and to hold the hereditaments and premises hereby granted, or expressed so to be, unto and to the use of the said C. D. and E. F., their heirs and assigns, as part of their pai-tnership property (Covenants for title by A. B.) In witness, &c. (a) It -would generally be more convenient not to disclose the fact that the property is bought for partnership purposes and to let the conveyance be to the partners as joint tenants or tenants in common without reference to the partnership. For precedents of deeds transferring partnership pro- perty or a share of partnership property in a change of partners, see vol. ii. jPartnership Deeds. Digitized by Microsoft® PURCHASE DEBDS. 299 No. XLTI. CONVEYANCE of Fbeeholds and Bargain and Sale conveyance . _^ OF FBEE- of UoPTHOLDS, bu Tkustees for Sale under a Will, holds and " " •' BARGAIN THIS INDENTURE, made the day of , Between ''™"^oLT "^ TRUSTEES A. B. of, &c., and C. D. of, &c. {vendors), of the one part, and ^°^ ""'-''■ E. F. of, &c. {purchaser), of the other part : Whereas X. Y., Parties, late of, &c., deceased, being seised of the freehold hereditaments of x. V!" intended to be hereby granted for an estate of inheritance in fee simple in possession, free from incumbrances, and being seised according to the custom of the manor of , in the county of , of the copyhold hereditaments intended to be hereby bai-gained and sold for a customary estate of inheritance in possession, free from incumbrances, except the rents, fines, heriots, suits, and services therefor due and of right accustomed, duly made his will, dated, &c. ; and thereby after certain specific bequests of personal estate, devised and bequeathed all his real estate not being of copyhold tenure, and all his personal estate not thereinbefore specifically bequeathed (except estates vested in him as a trustee, or by way of mortgage) unto and to the use of the said A. B. and C. D., their heirs, executors, administrators, and assigns respectively : and the said testator by his said will devised all his messuages, lands, and hereditaments, being of copyhold tenure (except estates vested in him as a trustee, or by way of mortgage) to such uses as the said A. B. and C. D., or the survivor of them, or the executors or administrators of such survivor, or other the trustees or trustee for the time being of his said will, should by any deed or deeds to be executed within twenty-one years after his (the said testator's) decease, bargain, sell, or appoint the same, and in default of, and until such bargain, sale, and appointment, to the use of the said A. B. and C D., their heirs and assigns : and the said testator by his said will declared that all the real and personal estate (including copyholds) thereinbefore devised and bequeathed unto and to the use of the said A. B. and C. D., their heirs, appointees, executors, administrators, and assigns respectively as aforesaid, were so devised and bequeathed as aforesaid. Upon trust that they the said A. B. and C. D., and the survivor of them, and the heirs, executors, or administrators of such survivor, or other Digitized by Microsoft® 300 PURCHASE DEEDS. CONVEYANCE tho trustecs or trustee for the time being of the said will OF FBEE- ^ ^ ° > HOLDS AND ahouM Sell and convert into money the said real and personal BARGAIN '^ _ ^ AND SALE OF estate, or any part thereof : and the said testator also declared COPYHOLDS •' * *poi?sAiif^ that any real or personal estate thereby authorised or directed to be sold might be sold either together or in parcels, and either by public auction, &c. {Declaration as to mode of selling, and power to trustees to give receipts for pwchase-money) : And WHEREAS the said testator died on the day of , with- Dcath of testator. Agreement for sale. out having revoked or altered his said will so far as the same is hereinbefore recited, and the said will was shortly afterwards duly proved in the principal Registry of the Court of Probate : And whereas in exercise of the trust for that purpose con- tained in the said will, the said A. B. and C. D. have agreed with the said E. F. for the absolute sale to him of the freehold hereditaments intended to be hereby granted, and the inherit- ance thereof in fee simple in possession, free from incumbrances, and also of the copyhold hereditaments intended to be hereby bargained and sold, and the customary inheritance thereof in possession, free from incumbrances, except the rents, fines, heriots, suits, and services therefor due and of right accustomed, at the price of £ : NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said agreement, and in consideration, &c. {the receipt, d;c.) the said A. B. and C. D. do in ?™°'™^'' hereby grant unto the said E. F., and his heirs. All, &c. {free- hold parcels, general words, and all the estate, &c., habendum unto and to the use of E. F. in fee, suprh, pp. 218, 219) : AND THIS INDENTURE ALSO WITNESSETH, that in further pursuance of the said agreement, and for the consideration afore- said, the said A. B. and C. D., in exercise of the power for this purpose given to them by the said will of the said X. Y. as aforesaid, and of all other powers, if any, in anywise enabling ^^e™™'i_them in this behalf, do hereby bargain, sell, and appoint unto holds the said E. F., his heirs and assigns. All, &c. {copyhold 'parcels, general words, and all the estate, dc.) : To HAVE and to HOLD the copyhold hereditaments and premises hereby bar- gained, sold, and appointed, or otherwise assured, or expressed so to be, unto and to the use of the said E. F., his heirs and assigns, according to the custom of the said manor, by and under the rents, fines, heriots, suits, and services therefor due and of right accustomed. And each of them the said A. B. and C. D. as to his own acts and deeds only, doth hereby for himself, his heirs, executors, and administrators, covenant with the said First witnessing part. Grant of freeholds Second witnessing part. to purchaser. Covenant by vendors against in- cumbrances. Digitized by Microsoft® PURCHASE DEEDS. 301 E. F., his heii's and assigns, That the said covenantinsr conveyance . - , . O OF FBEE- parties respectively have not at any time done or knowingly »<"-™ ""> Pft 11 • O »/ BARGAIN simered or been party or pnvy to any act, deed, or thing, "^^ ^'^^^ o" whereby they are prevented from granting and appointing the =^ trustees said freehold and copyhold hereditaments respectively in manner aforesaid, or whereby the same, or any part thereof, are, is, can, or may be incumbered. In witness, &c. No. XLVII. CONVEYANCE of Freeholds hy Trustees under a conveyance iESTAMENTARY TrUST for SALE. The CeSTUIS que and CES1U18 m . . r~t ,. m ,1 1 • 1 when the expectant on the life estate of the said E. F. of and in the covenantor * 18 not the hereditaments and premises hereby appointed and the title to settlor. and further assurance of the said hereditaments after his decease, his covenants hereinbefore contained shall not extend to the acts, deeds, or defaults of any person or persons other than and besides himself and his own heirs, and persons claim- ing or to claim under or in trust for him, them, or any of them." (SeelDart, V.&P. 502.) Digitized by Microsoft® 314 PURCHASE DEEDS. No. LI. CONVEYANCE • CONVEYANCE of Freeholds hy the Tkustee of a TMSTEE Bankrupt («.). OF ' °^'""'""- THIS INDENTURE, made, &c., Between A. B. of, &c. {cre- ditors' trustee of the estate and effects of G. H. of, &c., under an Proviaions of Bank- ruptcy Act, 1869. Property vests in trustee on appoint- ment. Estates tail of bankrupt. Powers. Copyholds. Power to trustee, to disclaim land bur- dened with onerous covenants, (a) The Bankruptcy Act, 1861 (24 & 25 Vict. c. 134), was repealed by the 32 & 33 Vict. c. 83 as from the first of January, 1870, and the law of bank- ruptcy from that date is regulated by the Bankruptcy Act, 1869 (32 & 33 Vict. c. 71), the 14th section of which provides that the creditors at a general meeting shall by resolution appoint a person to fill the office of trustee of the property of the bankrupt, or they may resolve to leave his appointment to the committee of inspection, and shall by resolution appoint some other persons, not exceeding five in number, and being creditors, to form a committee of inspection, to superintend the administration by the trustee of the bankrupt's property. The 15th section declares that the property of the bankrupt divisible amongst the creditors shall comprise all such property as may belong to or be vested in the bankrupt at the commencement of the bankruptcy, or may be acquired by or devolve on him during its con- tinuance, and also the capacity to exercise powers which the bankrupt might have exercised for his own benefit at the commencement of or during the bankruptcy, except the right of nomination to a vacant ecclesiastical benefice. Until a trustee is appointed by the creditors, the registrar is to be the trustee for the purposes of the Act. Upon the order of adjudication being made, the property of the bankrupt is to vest in the registrar, and on the ap- pointment of a trustee the property is to pass to and vest in the trustee, (s. 17.) By the 83rd section it is provided that the creditors may if they think fit appoint more persons than one to the office of trustee, and that every vacancy in the office of trustee by death, resignation, or otherwise, shall be filled up by the creditors in general meeting. The 25th. section empowers the trustee to deal with any property to which the bankrupt is beneficially entitled as tenant in tail in the same manner as the bankrupt might have dealt with the same ; and declares that sections D6 to 73 of the Fmes and Recoveries Act (3 & 4 Wm. IV. c. 74) shall extend to proceedings in bankruptcy under the Act. The same section also empowers the trustee to exercise any powers the capacity to exercise which is vested in him under the Act, and to sell all the bankrupt's property by public auction or private contract. As to copyhold or customary property, or any like property passing by surrender and admittance, the trustee is empowered to deal with the same as if it had been capable of being and had been duly surrendered or other- wise conveyed to such uses as the trustee may appoint, and any appointee of the trustee is to be admitted accordingly, (s. 22.) By the 23rd section it ia provided that when any property of the bank- rupt acquired, by the trustee consists of land of any tenure burdened with onerous covenants, of unmarketable shares in companies, of unprofitable contracts, or of any other property that is unsaleable or not readily sale- able, by reason of its binding the possessor to the performance of any onerous act, or to the payment of any sum, the trustee may by writing under his hand disclaim such property, and upon the execution of such disclaimer the property disclaimed shall, if the same is a contract, be deemed to be determined from the date of the order of adjudication, and if the same is a lease, be deemed to be surrendered on the same date, and if the same be shares in any company, be deemed to be forfeited from that date, and if any other species of property, it shall revert to the persons en- Digitized by Microsoft® PURCH^E DEEDS. 315 adjudication in the Court of Bankruptcy), of the one part, and cosveyance C. D. of, &c, (purchaser), of the other part : Whereas by ti>™™e an order of the London Court of Bankruptcy (or, as the case °""^'"'"'- may be, the County Court of ), dated the day of , the said G. H, was adjudged a bankrupt, and the said A. B. ■was, on or about the day of , duly chosen trustee of the estate and effects of the said bankrupt : And whereas the hereditaments intended to be hereby granted were put up for sale by public auction by the said A. B. on the day of , accoi'ding to certain printed particulars : And whereas saie.by the said C. D. bid at the said auction the sum of £ for the said hereditaments, and was declared the purchaser thereof at that price, and thereupon the said C. D. paid to the said A. B. JepSby' the sum of £ by way of deposit in part payment of the i""''''"'^"- said purchase money: NOW THIS INDENTURE WIT- NESSETH, that, in pursuance of the said agreement, and in consideration of the sum of £ so paid by way of deposit as ^0^'*^"'"' titled on the determination of tlie interest of the bankrupt, yet so that any person injnred under this section shall be deemed a creditor of the bankrupt to the extent of such injury, and may accordingly prove the same as a debt under the bankruptcy. (See ex parte, Llynvi Coal and Iron Company, L. R. 7 C. A. 28 ; In re Wilson, L. R. 13 Eq. 168.) And if any person interested applies to the trustee to decide whether he will disclaim or not, he must do so within twenty-eight days, or such further time as may be allowed hira by the Court, (s. 24.) If the trustee disclaims a lease, he by so doing surrenders his right to remove the tenant's fixtures. (Jw re Lavies, L. R. 7 Ch. D. 127.) Under the 94th and 95th sections all payments, contracts, conveyances, Dealings or dealings to or with a bankrupt made in good faith and for valuable con- with bank- sideration before the date of the order of adjudication, with any person not ^J'^^i^" having at the time of making such payment, &c., notice of any act of bank- of Act of ruptcy committed by the bankrupt, and available against him for adjudi- bankruptcy. cation, are to be valid notwithstanding any prior act of bankruptcy ; and by the 78th section it is provided that until rules have been made in pursuance of the Act, and so far as such rules do not extend, the prin- ciples, practice, and rules on which Courts having jurisdiction in bank- ruptcy have heretofore acted in dealing with bankruptcy proceedings shall be observed by any Court having jurisdiction in bankruptcy cases under the Act. Before the Bankruptcy Act, 1869, the law of bankruptcy was principally Prorisions regulated by the Bankruptcy Acts, 1849 and 1861 (12 & 13 Vict. c. 106 ; ^eforethe 24 & 25 Vict. c. 134), By section 117 of the Act of 1861, the real and per- aS, la'ii.'''' sonal property of the bankrupt vested in the creditor's assignees by their appointment ; and by section 127 they were directed to manage and (except as therein named) to realise and recover the estate of the bankrupt, and convert the same into money. As to the copyholds of the bankrupt, by the Act of 1849, section 209, the Court was empowered to sell and by deed enrolled in the Com-ts of the Manor to convey them and to authorise any person on behalf of the Court of Bankruptcy to surrender the same for the purpose of any purchaser being admitted thereto ; and by the Act of 1861 the Court was empowered to make vesting orders of the bankrupt's copy- hold land. Digitized by Microsoft® 316 PURCHASE DEEDS. CONVEYANCE aforesaid, and also in consideration of the sum of £,- Trustee grants parcels. To purchaser iu fee. Covenant by trustee against in- cumbrances. , on or before the execution of these presents paid by the said C. D. to . the said A. B., the receipt of which several sums of £, and £ (making together the said purchase money of £ ), the said A. B. doth hereby acknowledge, and from the same doth hereby release the said C. D., the said A. B. doth hereby grant unto the said C. D., and his heirs. All, &c. {parcels, general ivords, and all the estate, dc.) : To hold the same unto and to the use of the said C. D., his heirs and assigns fqr ever : And the said A. B. doth hereby covenant with the said C. D., his heirs and assigns, that the said A. B. hath not at any time done, or knowingly suffered, or been party or privy to any act, deed, or thing whereby he is prevented from grant- ing the said hereditaments and premises in. manner aforesaid, or whereby the same or any part thereof are, is, can, or may be in anywise incumbered. In witness, &c. No. LII. CONVEYANCE BY TRUSTEE OF BANKRUPT WITH CON- CURRENCE OF MORT- QAOEE. Paities. CONVEYANCE of Freeholds by the Trustee of a Bankrupt luith the Concurrence of Mortgagee, in which the Bankrupt joins, to covenant for Title, dc. THIS INDENTURE, made the - day of Between 0. P. of, &c. {mortgagee), of the first part, A. B. of, &c.' {creditors' trustee of the estate and effects of E. F. of, dc. under an adju- dication in the Court of Bankruptcy), of the second part, E. F. of, &c. {bankrupt) of the third part, and G. H. of, &c. {purchaser), of the fourth part {Recite mortgage from E. F. to 0. P. for £ , and tliat principal sum is still due with interest from a certain date amounting to £ , supra, p. 262, — adjudi- cation of bankruptcy, and appointment of A. B. to he trustee. Agreement suprd, p. 815) : And WHEREAS the said A. B. hath agreed with the said G. H. for the absolute sale, &c. {Agreement for sale, svprd, p 218.), — {Agreement that mortgagee shall be paid his debt out of purchase money, suprd, p. 262) : And whereas the said E. F. hath consented to join in these presents in for sale. Digitized by Microsoft® PURCHASE DEEDS. 317 manner hereinafter mentioned : NOW THIS INDENTURE conveyasce BY TRUSTEE WITNESSETH, that in pursuance of the said agreement, and t^^^°^^„^ in consideration of the sum of £ , on or before the execu- cdr'^e^ce tion of these presents to the said 0. P. paid by the said G. H., °cAOEr" at the request and by the direction of the said A. B. (testified witnessing by his being party to and executing these presents), the receipt p""*'. whereof the said 0. P. doth hereby acknowledge, and from the tion. same doth hereby release as well the said A. B. and E. F. respectively, as also the said G. H., and also in consideration of the sum of £ , at the same time paid by the said G. H. to the said A. B. (the payment and receipt of which sums of £ and £ respectively, in manner aforesaid, making together the said purchase money of £ , the said A. B. doth hereby acknowledge, and from the same doth hereby re- lease the said G. H.), he the said 0. P., at the request and by Mortgagee, . trustee, and the direction of the said A. B. and E. F. (testified as aforesaid), tankmiit * . ^ convey. doth hereby grant and release, and the said A. B. doth hereby grant, and the said E. F. doth hereby confirm unto the said G. H., and his heirs, All, &c. (parcefe, general icords, all the Parcels. estate, dc): To hold the same unto and to the use of theToiw- said G. H., his heirs and assigns for ever, absolutely freed and fee?*"^ " discharged from the said mortgage debt of £ ,' and all interest for the same, and all claims and demands in respect thereof {Covenants by 0. P- and A. B. with G. H. against incumbrances, see suprd, p. 300) : And the said E. F. doth covenants hereby covenant with the said G. H., his heirs and assigns, for titie. That notwithstanding any act, deed, or thing by the said E. F., or any of his ancestors, done or executed, or knowingly suffered to the contrary, the said 0. P., A. B., and E. F. respectively, now have good right to grant or otherwise assure the heredita- ments and premises hereby granted or otherwise assured, or expressed so to be, unto and to the use of the said G. H., his heirs and assigns, in manner aforesaid : And that, &c. (Cove- nants for quiet enjoyment, freedom from incumbrances, and for further assurance, suprd, pp. 219, 263). Digitized by Microsoft® 318 PURCHASE DEEDS. No. LIII. APPOINT- APPOINTMENT of Copyholds hy the Teustee of a OF COPY- Bankrupt. HOLDS BY TRUSTEE OF BANKRUPT. THIS INDENTURE, made the day of , Between Parties. ^ g ^f^ ^^_ {creditors' trustee of G. H. of, do. a bankrupt), of the one part, and C. D. of, &c. (purchaser), of the other part : Ssto rf' Whereas the said G. H. was at the date of his bankruptcy oopyi™Ms°' hereinafter mentioned seised of or entitled to the copyhold hereditaments intended to be hereby appointed for a customary estate of inheritance, according to the custom of the manor of , at and under the rents, heriots, suits, and services therefor and a™'"'"'' ^uo and of right accustomed : And whereas, &c. {Recite of touS. order of adjudication and appointment of A. B. to he trustee, Agreement guprd, p. 315) : And WHEREAS the Said A. B. as such trustee as aforesaid has agreed with the said C. D. for the abso- lute sale to him of the copyhold hereditaments, and the cus- tomary inheritance thereof, free from incumbrances, except the accustomed rents, heriots, suits, and services, at the price wtoessing ^jf £ . ^Q^ rpjjjg INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c., the receipt whereof the said A. B. doth hereby acknowledge, and from the same doth hereby release the said C. D., the said apirainta ^- ^- ^^ exercise of the power for this piirpose vested in him to^prchaser Under the Bankruptcy Act, 1869, and of all other powers (if ™ ^^' any) him hereunto enabling. Doth hereby appoint that All THAT {parcels as described in the Court Rolls), to all which here- ditaments hereinbefore described, the said G. H. was admitted tenant at a court holden in and for the said manor on the day of . Together with, &c. {general words), shall hence- forth go, remaki and be To the use of the said C. D., his heirs and assigns, at the will of the lord, according to the custom of the said manor, at and under the rents, heriots, suits, and Covenant by gervicos thorefor due and of right accustomed : And the said against in- A. B. doth hereby covenant with the said C. D., his heirs and cumDrauces. *' . ' assigns, that he the said A. B. hath not at any time hereto- fore done or knowingly suffered, or been party or privy to any act, deed, or thing whereby he is prevented from appointing the Digitized by Microsoft® PUKCHASE DEEDS. 319 said copyhold hereditaments and premises in manner aforesaid ap™"-!- , , - 1 ' MENT or Whereby the same, or any part thereof, are, is, or may be in °^ ''°''^- anywise incumbered. trustee or ■' BANKRUPT. In witness, &c. No. LIV. ASSIGNMENT of Leaseholds hy the Trustee of a^sionment a Bankrupt. "o^™ b^ THE TRUBTEE OF A THIS INDENTURE, made the day of , Between °*"'^""'^- A. B. of, &c. {creditors' trustee of a bankrupt), of the one part, and 0. D. of, &c. {purchaser), of the other part : Whereas by Recite lease an indenture of lease dated the day of , and made between G. H., of the one part, and the said 0. P., of the other part, all that messuage or tenement, &c. {parcels as described in the lease), were demised by the said G. H. unto the said 0. P., his executors, administrators, and assigns, from the day of then last past, for the term of years, at the yearly rent of £ , and subject to the covenants and con- ditions in the said indenture of lease contained, and on the part of the lessee, his executors, administrators, and assigns, to be observed and performed : {Recite adjudication in bankruptcy against 0. P., and appointment of trustee, supra, p. 315) : And ^^^^"' WHEREAS the said A. B. as such trustee as aforesaid hath y^^Se'"^' agreed with the said C. D. for the absolute sale to him of the hereditaments and premises comprised in the said indenture of lease for the residue of the said term of years at the said yearly rent and subject to the covenants and conditions aforesaid, but free from all other incumbrances, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c., the receipt whereof the said A. B. doth hereby acknowledge, and from the same doth hereby release the said C. D., the said A B. doth hereby assign unto the said C. D., his executors, Trustee ' m 1 ■ assigns administrators, and assigns, The messuage and premises com- ^^^^^^"^'J;'^' nri'spd in and demised by the hereinbefore recited indenture of of term to f "'"^" '" •' . , . - purchaser. lease, or expressed so to be, And all the estate, right, title, interest, claim, and demand whatsoever of the said A. B. in, to, Digitized by Microsoft® 320 PURCHASE DEEDS. ASSIONJtENT OF LEASE- HOLDS BY THE TRUSTEE OF A BANKRUPT. and upon the said premises and every part thereof, To HOLD the same unto the said C. D., his executors, administrators, and assigns, for all the residue now unexpired of the said term of years, at the rent reserved by the said indenture of lease, and under and subject to the covenants and conditions in the same indenture contained, and which henceforth on the part of the lessee, his executors administrators, or assigns, ought to be ^•J^™°™*i'y observed and performed: And the said A. B. doth hereby mmbrlnoes ^°^' himself, his heirs, executors, and administrators, covenant with the said C. D., his executors, administrators, and assignsj that he the said A. B. hath not at any time heretofore done or knowingly suffered or been party or privy to any act, deed or thing, whereby he is prevented from assigning the said lease- hold premises in manner aforesaid, or whereby the same, or any part hereof, are, is, can, or may be, in anywise incumbered (a). In witness, &c. No. LV. CONVEYANCE OF ESTATE TAIL IN POSSESSION BY TRUSTEE OF BANKRUPT. Parties. Recite creation of estate tail. Death of tenant for Jifo. CONVEYANCE hy the Trustee of a Bankrupt of a Freehold Estate to which he ivas entitled for an Estate tail in possession. day of Between ' THIS INDENTURE, made the - A. B. of, &c. {trustee), of the one part, and C. D. of, &c. (pur- chaser), of the, other part: Whereas by an indenture dated the day of , and made between (parties), the here- ditaments hereinafter described and intended to be hereby granted were limited to the use of L. M. for his life, and after his decease to the u,se of N. O. and the heirs male of his body : And whereas the said L. M. died on the day of : And whereas (recite adjudication of bankruptcy against N. 0., and appointment of trustee. — Sale hy auction and payment of deposit, supra, p. 315) : NOW THIS INDEN- (a) On the sale of leaseholds by the trustee of a bankrupt, the purchaser cannot be required to enter into a covenant to indemnify him or the bank- rupt againnt the payment of the rent, and the observance of the covenants contained in the lease, such a covenant being unnecessary, as the liability ceases on the assignment. (Wilkins v, Fry, 1 Mer. 265.) Digitized by Microsoft® POECHASE DEEDS. 321 TURE WITNESSETH that in pursuance of the said agreement ''°'"^^>'^°^- - , . , * O J OF ESTATE and m consideration, &c., the said A. B., as such trustee as pogsSsIoN aforesaid, doth by this deed, which is intended to be enrolled ^' ™™™^- in the Court of Chancery, pursuant to.the statute in that behalf, °^'""'""- grant unto the said C. D. and his heirs. All, &c. (parcels, '^^the general words, and all the estate, d-c.) To hold the same unto p',^cta^er m and to the use of the said C. D., his heirs and assigns for ever, ^"^' absolutely freed and discharged from the said estate tail of the 'f"" ^^^ • J TVT /-\ 111 -1 *"" """^ said JN . (J. and all remainders, estates, and powers to take effect "•eminders fx T_ 1 • • over. after the determination or in defeasance of such estate tail (Covenant by A. B. with C. D. against incumbrances, supra, p. 316). In witness, &c. No. LVI. CONVEYANCE by the Trustee of a Bankrupt of a convetakce Freehold Estate to which he ti-as entitled for an ^]J%"j^k-'' -ri • RUPTC\' OK Estate tail in remainder. base fee. THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. (trustee), of the one part, and C. D. of, &c. (pur- chaser), of the other part : Whereas by an indenture dated, Recite &c., and made between (parties), the hereditaments hereinafter estate taii. described and intended to be hereby granted, were limited to the use of L. M. for his life, and after his decease to the use of N. 0. and the heirs male of his body : And whereas (Recite adjvdication of bankruptcy against N. 0., and appointment of A. B. as trustee, supra, p. 315) : And whereas the said ^gr^ment A. B., as such trustee as aforesaid, hath agreed with the said ai'^sefeein ' ' o tjie estate. C. D. for the sale to him of the benefit of a base fee in the said hereditaments, at the price of £ : NOW THIS INDEN- TURE WITNESSETH that in consideration of the sum of £ , to the said A. B. now paid by the said C. D. (the receipt, dec). He the said A. B. as such trustee as aforesaid, doth, by this deed, which is intended to be enrolled in the Court of Chancery pursuant to the statute in that behalf, grant unto the said C. D., and his heirs. All, &c. (parcels, general words, Tru5tee grants the VOL. I. Y Digitized by Microsoft® PURCHASE DEEDS. CONVEYANCE BY TRUSTEE IN BANK- :ruptcy of BASE FEB. estate to the purchaser. Discharged from the estate tail, and to the intent that the same may be con- vorted into a base fee. and all the estate, dc.) : To HOLD the same, unto and to the use of the said C. D., his heirs and assigns, freed and discharged from the said estate tail of the said N. 0., and to the intent that the same may be hereby converted into a base fee, and also that the said 0. D., his heirs and assigns, may have the full benefit and enjoyment of such base fee in the same heredita- ments and premises (Covenant by A. B. tvith C, D. against incumbrances, suprd, p. 316). In witness, &c. No. LVII. CONVEYANCE OF FREEHOLDS BY TRUSTEE- UNDER LKJDIDA- TION. Parties. Recite that at meeting of creditors it was resolved to wind up affairs by arrange- ment. CONVEYANCE of Freeholds of a Debtor by a Trustee APPOINTED under the Liquidation Provisions in the Bankruptcy Act, 1869 (a). THIS INDENTUEE, made the day of Between Registration of special resolution. A. B., of, &c. (trustee), of the one part, and C. D., of, &c. (pur- chaser), of the other part : Whereas G. H., of, &c., being unable to pay his debts, in pursuance of the provisions in that behalf contained in the Bankruptcy Act, 1869 summoned a general meeting of his creditors with a view to having his affairs liquidated by arrangement, and at such general meeting, which was duly held on the day of in accordance with such provisions, the sta.tutoiy majority of the creditors of the said G. H. resolved that his affairs should be liquidated by arrangement and not in bankruptcy, and that the said C. D. should be, and he was thereby appointed trustee, under and for the purposes of such liquidation, without a committee of in- spection : And whereas the said special resolution was duly registered on the day of , in accordance with the provisions of the said Act in this respect (Recite sale by auction and payment of deposit by purchaser. Conveyance by trustee to purchaser, and covenant by trustee against incumbrances suprd, pp. 315, 316). In witness, &c. (») See 32 & 33 Vict. c. 71, sec. 125. Digitized by Microsoft® PURCHASE DEEDS. 323 No. LVIIT. CONVEYANCE of Freeholds hy Devisees in Trust contetance under a Will in exercise of the Power of Sale onder w. . . _ /.,m TAMENTARY vested m them under a Charge of the Testator s charge of _-. debts. Real Estate with payment of his Debts (a). THIS INDENTURE, made the day of , Between parties. A. B. of, &c., and C. D. of, &c. {vendors), of the one part, and E. F. of, &c. {purchaser), of the other part: Whereas, X. Y. neeitcwiu late of, &c., deceased, duly made his will, dated, &c., and reaf Mtlto thereby, after charging his real estate with the payment of his with testa- debts, he devised and bequeathed all his real and personal estate and effects unto and to the use of the said A. B. and C. D., their heirs, executors, administrators and assigns, upon the trusts therein declared concerning the same, and appointed G. H. sole executor of his said will : And whereas the said testator died Death of on the day of without having altered or revoked his probate o" said will, and such will was duly proved by the said G. H., on the day of in the principal Registry of the Probate division of the High Court of Justice : And whereas the hereditaments hereinafter described and intended to be hereby assured form part of the real estate devised by the said recited will : And WHEREAS, in exercise of the power of sale vested in them the Agreement said A. B. and C. D. in viiiue of the said X. Y, having by his t/exercTse" said will charged his real estate with the payment of his debts saie."^" as aforesaid, they the said A. B. and C. D. have agreed with the said E. F. for the absolute sale to him of the hereditaments (a) If a testator charges his real estate, or any part thereof, with the pay- Persons ment of his debts, and then devises the same for his whole interest therein entitled to to trustees, the trustees can alone sell such property under the trust or charge of power created by the charge of debts. But if a testator does not devise such debts, real estate so as to vest his whole interest therein in trustees, the executors will be the persons to sell under the charge of debts, and their conveyance will pass the legal as well as the equitable estate. (See 22 & 23 Vict. c. 35, ss. 14—17.) If, however, a testator charges his real estate, or any part thereof, with the payment of his debts, and then devises the same for his whole interest therein to a devisee for his own benefit, then, although the property may be also charged by the will with annuities and legacies, the devisee can confer a good title upon a purchaser without the concurrence of the annuitants or legatees, for the trust or power created by the charge of debts must override and be paramount to every beneficial gift or charge. (Eland v. Eland, 4 My. & Cr. 420 ; Forbes v. Peacock, 1 Ph. 717 ; Waiters on the Trustee Acts, p. 211 ; 22 & 23 Vict. c. 35, s. 18.) When the bene- ficial devisee and executor are different persons it is still undecided whether the beneficial devisee can make a good title without the executor, but the better opinion seems to be that he can. (Corser v. Cartwright, L. R, 7 H. L. 731.) T 2 Digitized by Microsoft® 324 PURCHASE DEEDS. bHetoe'S hereinafter described and intended to be hereby assured, and ?!mentS the inheritance thereof in fee simple in possession, free from '"."™.°' incumbrances, at the price of £ : NOW THIS INDEN- TURE WITNESSETH, that in pursuance of the said agree- ment, and in consideration of the sum of £ to the said A. B . and C. D., now paid by the said E. F., the receipt whereof the said A. B. and C. D. do hereby acknowledge, and from the same Devisees sell do hei^by release the said E. F-., They the said A. B. and C. D. parcels to do hereby grant and sell unto the said E. F. and his heirs. All, ill fee. &c. {parcels, general words — all the estate, J o mentofad- under her royal sign manual, dated the day of , miniatrator. pursuant to the provisions for this purpose contained in an Act of Parliament passed in the 33rd and 34th years of Her present Majesty, intituled "An Act to abolish forfeitures for treason and felony, and otherwise amend the law relating thereto/' committed the custody and management of the property of the said convict to the said A. B. as the administrator thereof: And whereas the said A. B. as such administrator as afore- Agreement said, pursuant to the power for this purpose vested in him by the said Act, hath agreed with the said C. D. for the sale to him of the freehold hereditaments hereinafter described, and intended to be hereby granted (which hereditaments form part of the property to which the said G. H. was entitled at the date of his conviction as aforesaid), and the inheritance thereof in fee simple in possession, free from incumbrances, at the price of £ : NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said agi-eement and in consideration of the sum of £ to the said A. B. as such administrator as aforesaid now paid by the said C. D. ( iii -i duty and A. B., his heirs, executors, and administrators, that he the said indemnify /^t\i-t. vendor C. D. his heirs and assigns, will pay the succession duty to become payable upon the decease of the said G. B. for or in respect of the hereditaments hereby granted, or expressed so to be, under the "Succession Duty Act, 1853," when and so soon as the same shall become payable, and will at all times keep in- demnified the said A. B., his heirs, executors, and administra- tors, and his and their estates and effects, from and against the said succession duty, and all actions, claims, and demands for or in respect of the same (a). In witness, &c. (c) This covenant must be considered as inserted ex ahundanti caiUeld, for it could hardly be contended that A. B. the remainderman, after alienin" his remainder, is still liable to the duty. He is not the successor, althougS Digitized by Microsoft® PURCHASE DEEDS. 333 No. LXV. CONVEYANCE by Heir and Personal Represknta- conveyasck ^ BY UEIB AND TivE of Deceased Vendor to a Purchaser. personal •f REPRESEN- REPRESEN- TATIVE OF THIS INDENTURE, made the day of , Between "^^^^1° A. B. of, &c. (heir of deceased vendor), of the first part, C. D. of, &c. (luidoiu and administratiix of deceased vendor), of the second part, and E. F. of, &c. (purchaser), of the thu'd part : Whereas X. Y., late of, &c., deceased, did, by a memo- J^'^^meiit randum in writing dated the day of ■ , agree with ^'y*' de^ the said E. F. for the absolute sale of, &c. (Agreement "^''^*''- for sale, supra, p. ), but the said sale was not completed, nor was any part of the purchase money paid in the life- time of the said X. Y. : And whereas the said X. Y. died g"^'' "' intestate on the day of , leaving the said C. D. his i"^5jt**' widow, and leaving the said A. B. his eldest son and heir at '^lf°"i f"^, law, and nine younger children him surviving : And whereas the said A. B. has attained the age of twenty- one years, but the said nine younger children are all under that age : And whereas letters of administration of the estate and effects of ^oJJ''^i™d the said X. Y. were, on the day of , granted to the*"''- '^■ said C. D. by or out of the District Registry at of the Probate division of the High Court of Justice : And whereas ciw^mIim the said E. F. has required the said A. B. and C. D. to com- m?„"utratrix plete the said sale, which they have agreed to do in the compitte*" manner hereinafter expressed : NOW THIS INDENTURE *^'J^33i„g WITNESSETH, that in pursuance of the said agreement, and ?"*• in consideration of the sum of £ , on or before the execution considera- of these presents paid by the said K F. to the said C. D. as such administratrix as aforesaid (the receipt, d;c.),he the said Heir con- A. B., at the recjuest of the said C. D. doth hereby grant purchaser unto, &c. (Grant to E. F. in fee, supra, p. 218), — covenant by A. B. and C. D. against incumbrances, supra, p. 300) (n). In witness, &c. he would have been so, but for the alienation. The successor is C. D. if living, when the tenant for life dies, and the duty payable by him, although at the same rate, is a different sum to that which A. B. would have had to pa}'. (a) If the next of kin had been all of age, they should have been made parties to covenant for title. Digitized by Microsoft® 334 PURCHASE DEEDS. CONVEY ANCE TO TRUSTEES AS PURCHASERS UNDER POWER TO LAY OUT TRUST MONEY IN LAITD. Parties. Recite settlement ■with power to purchase laud. Agi-eement for sale. That purchasers entered into agreement as tinidtees. Witnessing part. Considera- tion. Vendor conveys No. LXVI, CONVEYANCE to TeusteSs as Purchasers under a Power contained in a Settlement to lay out Trust Money in Purchase of Land (a). THIS INDENTURE, made the day of . Between A. B. of, &c. (vendor), of the first part, C. D. of, &c. and E. F. of, &c. (trustees), of the second part, and G. H. of, &c. and L. his wife (consenting parties to purchase) of the third part (Recite settlement on marriage of G. H. and L. his wife, then L. M., whereby certain trust funds loere settled with a power for the trustees at the request of husband and wife to lay out any part thereof in the purchase of land, — agreement by A. B. to sell to C. D. and E. F.) : And whereas the said agree- ment for purchase was entered into by the said C. D. and E. F. at the request of the said G. H. and L. his wife, in exercise of the power of purchasing land contained in the said indenture of settlement as aforesaid, and the said purchase-money of £ has been raised by the said C. D. and E. F. at the like request out of the trust funds comprised in the said indenture : NOW THIS INDENTURE WITNESSETH that in pur- suance of the said agreement, and in consideration of the sum of , on or before the execution of these presents, paid to the said A. B. by the said C, D. and E. F. out of the trust funds comprised in the said indenture of settlement at the request of the said G. H. and L. his wife (testified by their re- spectively executing these presents), (the receipt, dc), he the said A. B. doth hereby grant unto the said 0. D. and E. F., their heirs and assigns. All, &c. (parcels, general words, and all the estate, dc.) : To have aijd to hold the heredita- ments and premises hereby granted, or expressed so to be unto and to the use of the said C. D. and E. F., their heirs (a) When land is purchased hy trustees under a power of laying out trust money in the purchase of land, the conveyance is sometimes made to the trustees as ordinary purchasers, without disclosing on the face of the instru- ment the fact of their being trustees. But in most cases (if not in aU), it becomes necessary, sooner or later, to disclose the trust on the face of the title, and it seems therefore the better course to let the trust .appear in the original purchase deed, as in the above Precedent, or in a deed indorsed thereon, as in Precedent No. LXVIII., infrd. Digitized by Microsoft® PURCHASE DEEDS. 335 and assigns, Upon the trusts, and with, under, and subject 5°''^^™™ to the powers, provisoes, agreements and declarations by and pdechasehs in the hereinbefore recited indenture of settlement declared po™ek™o and contained, concerning the hereditaments thereby authorised to be purchased with or out of the said trust funds, or such of them as are now subsisting and capable of taking effect, (Cove- to trustees nants hy A.B.for title.) Sf "*" In witness, &c. LAY OCT TRUST MONEY IN LAN1>. ment. No. LXVIL CONVEYANCE to Purchasers as Joint Tenants. conveyance TO PURCHASERS THIS INDENTURE, made the day of , Between as joint ' •' tenants. A. B. of, &c. (vendor), of the one part, and C. D. of, &c., and ^^^^^^^ — E. F., of, &c. (purchasers), of the other part (Recite agree- ment of sale hy A.B. to G. D. and E. F.) : NOW THIS IN- DENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ , on or considera- before, &c., to the said A. B. paid by the said C. D. and E. F. out of monies belonging to them on a joint account (the receipt, dec), he the said A. B. doth hereby grant unto the said vendor C. D. and E. F., their heirs and assigns, All, &c. (parcels, qeneral words, and all the estate, dc.) : To have and to hold to pur- ^ ' ' ' chasers as the same unto and to the use of the said C. D. and E. F., their jo'"* . tenants. heirs and assigns for ever. (Covenants for title.) In witness, &c. No. LXVIII. DECLARATION of Trust of Lands Purchased under declaea- •^ - TION a Power in a Settlement of Personal Estate (by o^ trust of •' ^ -^ LANDS indorsement on the last Precedent hut one), purchased ' UNDER POWER IN TO ALL TO WHOM THESE PRESENTS shall come, the settlement. within named C. D. and E. F. and G. H. of, &c. and L. his Paries, wife, send greeting (Recite settlement as in Precedent No, Digitized by Microsoft® 336 PtJECHASE DEEDS. DECLARA- TION OP TRUST OP, LANDS PURCHASED UNDER POWER IN SETTLEMENT. Recite that pur- chase was made by trustees under power ia settlement to purchase lands. Witnessing part. Declaration of trust LXVL) : And whereas the purchase of the hereditaments comprised in the within written indenture was made by the said C. D. and E. F. as the trustees of the hereinbefore recited indentui'e of settlement at the request in writing of the said G. H. and L. his wife, and in exercise of the power in that behalf contained in the last mentioned indenture as aforesaid, and the within mentioned purchase money of £, was raised by the said C. D. and E. F. at the like request out of the trust funds comprised in the same indenture, as the said C. D., E. F., G. H. and L. his wife, do hereby respectively declare: NOW THESE PRESENTS WITNESS, that in consideration of the premises it is hereby declared and agreed that the said G D. and E. F., their heirs and assigns, shall stand and be seised of and interested in all and singular the hereditaments and premises comprised in and granted or other- wise assured by the within written indenture. Upon the, TRUSTS, &c. (as in Precedent No. LXVL). In witness, &c. CONVEYANCE TO USES OF REAL PROPERTY SETTLEMENr. No. LXIX. CONVEYANCE to the Uses of a Real JPhoperty Set- tlement where the Purchase is made with Monies arising from a Sale of the settled Property under a Power of Sale (a). Parties. THIS INDENTURE, made, &c.. Between A. B. of, &c. (vendor), of the first part, C. D. of, &c., and E. F. of, &c. (pur- chasers and trustees), of the second part, and G. H, of, &c. (tenant for life under the settlement), of the third part : Whereas by an indenture of release, dated, &c., grounded on a lease for a year, and made between the said G. H., of the first part, J. K., of, &c. (now the wife of the said G. H.), of the second part, and the said C. D. and E. F., of the third part (being a settlement made in contemplation of the marriage then in- (a) It is sometimes more convement to have the conveyance made in the first instance to the trustees as if they were purchasers on their own account and to have a conveyance by a separate instrument from the trustees to the uses of the settlement, according to the method adopted in the next Precedent. Eecite settlement of real estate, Digitized by Microsoft® PURCHASE DEEDS. 337 tended and shortly afterwards solemnized between the said o^'vetance ^->i TX 11- '^*^ USES OF Or, H. and the said J. K.), the messuages, lands and heredita- ""'- ' o ' PROPEKTY ments situate in the parish of , in the county of , in "'^"-meht. the said indenture particularly described, were limited and settled from and after the solemnization of the said then in- tended marriage, To the use of the said G. H. and his assigns during his life without impeachment of waste, with remainders over : And in the indenture now in recital is contained a power power to enabling the said C. D. and E. F., at the request of the said s™ '"* G. H., during his life to sell all or any part of the hereditaments thereby settled, and a direction that the monies to arise from anddirec- such sale should be laid out in the purchase of other freehold pui-ohaee- hereditaments to be situated in England or Wales, or of copy- law out in hold or leasehold hereditaments convenient to be held there- "haso of ■ 1 '111 T I* ^ • A • other land With, or With the hereditaments for the time being subject to tote settled the uses of the said indenture, yet so that during the life of the said G. H, such purchase should be made with his consent in writing, and that the hereditaments so to be purchased should be settled and assured to the uses, upon the trusts, and with, under, and subject to the powers, provisoes, agreements, and declarations thereinbefore declared and contained concerning the said hereditaments thereby settled : And whereas in exer- siieofreai cise of the power of sale so as aforesaid contained in the here- power"" " inbefore recited indenture, the said C. D. and E. F., at the request of the said G. H., have from time to time sold parts of the hereditaments comprised in the same indenture, and have received the monies arising from the said several sales : And Agreement by trustees WHEREAS the said C. D. and E. F., with the consent of the said of settle- ment to G. H., and in pursuance of the direction for purchasing here- purchase, ditaments contained in the said indenture of settlement, have agreed with the said A. B. for the absolute purchase of the here- ditaments intended to be hereby granted, and the inheritance thereof in fee simple, free from incumbrances, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in ™^'»e pursuance of the said agreement, and in consideration of the considem- sum of £ on or before the execution of these presents paid to the said A. B. by the said 0. D. and E. F., with the consent of the said G. H., out of the monies produced by the herein- before mentioned sales (ihe receipt whereof, &c.), he the said vendor^ A. B., by the direction as well of the said C. D. and E. F., as parcels also of the said G. H. (testified by their respectively executing these presents), doth hereby grant unto the said C. D. and E. F. VOL. I. '^ Digitized by Microsoft® 338 PURCHASE DEBDS. REAL PROPERTY SETTLEMENT. to uses of settlement. Vendor covenants for title. TO^ra^o™ ^^^ their heirs (parcels, general words, and all the estate, &c.) : To HAVE AND TO HOLD the hereditaments and premises hereby granted, or expressed so to be, unto the said C. D. and E. F. and their heirs, To the uses, upon the trusts, and with, under, and subject to the powers, provisoes, agreements, and declarations by and in the hereinbefore recited indenture of settlement declared and contained concerning the hereditaments thereby settled, or such of them as are now subsisting and capable of taking efifect, but not so as to increase or multiply charges or powers of charg- ing : And the said A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D. and E. F., and their heirs, That notwithstanding, &c., he the said A. B. now hath good right to grant the said hereditaments and premises hereby granted, or expressed so to be, to the uses here- inbefore declared concerning the same and in manner aforesaid : And that the said hereditaments and premises shall at all times hereafter go, remain, and be to the uses aforesaid, and be peaceably and quietly possessed and enjoyed, and the rents and profits thereof received and taken accordingly, without, &c. : And that free, &c.: And further, that he the said A. B., &c., shall and will from time to time, and at all times hereafter, at the request and cost of any person or persons for the time being interested in the said hereditaments and premises, or any part thereof, under the uses hereinbefore declared concerning the same, do and execute, or cause, &c. (Covenant for further assurance to the uses hereinbefore declared concerning the same). In witness, &c. No. LXX. COSVEVANOE AMD DECLA- RATION OF TRUST OF FREEHOLDS, COPYHOLDS, AND LEASE' HOLDS. Parties. CONVEYANCE and Declaration 0/ Trust 0/ Free- holds, Copyholds, and Leaseholds, purchased with Monies a/rising from a Sale of Settled Property. THIS INDENTURE, made' the day of , Between A, B. of, &c., and C. D. of, &c. (trustees), of the first part, E. F. of, &c., and G. his wife, of the second part, and L. M. of &c. (grantee to uses) of the third part (ReciU the settlement whereby Digitized by Microsoft® PURCHASE DEEDS. 339 certain freehold hereditaments were limited to the said A. B. conveyance ■' AND DECLA- and C. D. and their heirs, to the use of E. F. and his assigns ^^"0°/ for his life, remainder to G. his wife, and her assigns for her ot?v?oLm' life, with divers remainders over in strict settlement, and also """^l^^ the power of sale and exchange contained therein, whereby the said A. B. and C. D. were empowered to sell the hereditaments with the consent of the said E. F. amd G. his wife, and were ' directed, with the like consent, to invest the monies in the pur- chase of other freehold, copyhold, or leasehold hereditaments, to he settled to the same uses, or upon corresponding trusts) : And whereas the said A. B. and C. D. have from time to time saie of at the request and by the direction of the said E. F. and G. p^we/of " his wife, sold the greater part of the hereditaments comprised in exchange. the said indenture of settlement, for sums amounting together to £46,000, after deducting the expenses of the sales thereof: And whereas in pursuance of the direction in that behalf con- Purchases . . made by tained in the said indenture of settlement, the said A. B. and trustees with sale C. D., with the consent of the said E. F. and G. his wife have monies. laid out the said sum of £46,000, in the purchase of the several freehold, copyhold, and leasehold hereditaments mentioned and described in the schedule hereunder written, and have caused the same to be respectively conveyed, surrendered, and assigned unto them and their heirs, executors, administrators and assigns respectively, as appears in the said schedule : And whereas Agreement A •/ ' t^A by trustees the said A. B. and C. D., at the request of the said E. F. and t^^nvey G. his wife, have agreed to make such conveyance and declara- |«wiement, tion of trust of the said purchased hereditaments respectively as are hereinafter respectively contained : NOW THIS IN- ^'egai„g DENTURE WITNESSETH, that in pursuance of the said p"^- agreement, and in consideration of the premises, the said A. B. and C. D., at the request of the said E. F. and G. his wife, do Tm.'stees ' A ^ convey. hereby grant unto the said L. M. and his heirs. All and singular parcels in the messuages, lands, tenements, and hereditaments mentioned sdie& ° and described in the first part of the schedule hereunder written (general words, and all the estate, dc.) : To have and to hold the same unto the said L. M. and his heirs. To the uses, &c., ^°tuem°ni. (as in last Precedent, p. 338, — Covenant against incumbrances by A.B. and G. D. with L. M., suprd, p. 300). AND THIS ^^^^.^^ INDENTURE ALSO WITNESSETH, that in further pur- ^rf '""^ suance of the said agreement, and in consideration of the pre- mises, it is hereby agreed and declared that the said A. B. and C. D., their heirs, executors, administrators, and assigns respec- z 2 Digitized by Microsoft® 340 PORCHASE DEEDS. CONVEYANCE AND DECLA- RATION OP TRDST OP FREEHOLDS, COPYHOLDS, AND LEASE- HOLDS. Declaration of trust Of copyholds and lease- holds In second and third parts of schedule. tively, shall henceforth stand and be seised and possessed of, and interested in, All and singular the copyhold and leasehold messuages, lands, tenements and hereditaments mentioned and described in the second and third parts of the schedule here- under written, with their and every of their rights, members and appurtenances : Upon such trusts, and with, under, and subject to such powers, provisoes, agreements and declarations as shall correspond as nearly as the different nature and tenure of the premises will permit, with the uses, trusts, powers, pro- visoes, agreements, and declarations hereinbefore by reference declared and contained concerning the freehold hereditaments hereby granted, or expressed so to be : BuT SO NEVERTHELESS, that the said leasehold hereditaments shall not vest absolutely in any person being tenant in tail by purchase of the said free- hold hereditaments, unless he or she shall attain the age of twenty-one years, but upon his or her death under that age, shall go and devolve in the same manner as if the said leasehold hereditaments had been of freehold tenure, and had been herein- before granted as freehold accordingly. In witness, &c. The Schedule referred to in the above-written Indenture. Freehold The 1st Part, All that, &c. (describe parcels), which hereditaments and pre- mises were conveyed unto and to the use of the said A B. and C. D., their heirs and assigns, by an indenture dated, &c., and made between (parties) : Also all that, &c. (describe other parcels), which last mentioned hereditaments and premises were conveyed, &c. (as above). Copyhold parcels. The 2nd Part. All that, &c. (parcels), to which hereditaments and premises the said A. B. and C. D. were admitted tenants, upon the sur- render of M. N., at a court holden in and for the manor of , on the day of : ALSO ai,l that, &c. (parcels), to which last mentioned hereditaments and premises, being held of the manor of , the said A. B. and C. D. were out Digitized by Microsoft® PURCHASE DEEDS. 341 of court admitted tenants, on the day of . unon the conveyance ' J > "i-"" ""V^ AND DECLA- surrender of 0. P. ration or TRUST OF FREEHOLDS, COPYHOLDS, The 3rd Part. ^^olS^ " All that, &c. {parcels) which premises were by an indenture Leasehold dated, &c., and made, &c., assigned unto the said A. B. and C. D., their executors, administrators and assigns, for the residue of a term of years, created by an indenture of lease dated, &c., and made, &c. No. LXXI. CONVEYANCE hy an Ownek in Fee Simple to a PuE- conveyaxus T -XT -n -, RESERVING CHASER, reserving to the v endor an Estate during life estate , . -w r~, -.TT -., "'to vendor. his Life — Covenants ly the Vendor to Repair and Insure during his Life, and provisions as to Timber. THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. (vendor), of the one part, and C. D. of, &c. {pur- chaser), of the other part : Whereas the said A. B. has agreed Agreement . , , • 1 .^ -rs / n 1 1 • p • for sale of With the said C. D. tor the sale to him oi a reversionai-y estate reversionary „., 111P1 .ii-r^. estate in fee m fee simple, to commence on the death of the said A. B., in simple. the hereditaments hereinafter described, for the sum of £ , and it has been agreed that such sale shall be carried into effect by a conveyance to the uses and in the manner hereinafter expressed : NOW THIS INDENTURE WITNESSETH, that ^^oessing in pursuance of the said agreement, and in consideration, &c., the receipt, &c., the said A. B. doth hereby grant unto the said vendor C. D. and his heirs, All, &c. {parcels, general words, and all the estate, dc), To have and to hold the hereditaments and premises hereby granted, or expressed so to be, unto the said C. D. and his heirs. To the use of the said A, B. and his assigns during his life, and after his decease To the use of the said to purch.ascr C. D., his heirs and assigns for ever. {Covenants for title, p. 219.) *» use of And the said A. B. doth hereby for himself, his heirs, ufe with , . „ , . , remainder executors, administrators, and assigns, further covenant with the tense of ' 11 purchaser said C. D., his heirs and assigns, that he the said A. B. will at i° '««• his own expense during his life keep in good and complete byTrador Digitized by Microsoft® 342 PURCHASE DEEDS. CONVETAKCB RESERVING LIFE ESTATE TO VENDOR. repair and condition the capital messuage called , and all other the buildings and erections for the time being upon the to keep in ^^^^ premises hereby granted, and also all the gates, stiles and in|s dSg" fences upon the premises hereby granted ; And also will at the his life lijjg expense during his life adequately insure and keep insured insure^A^ the Said Capital messuage, and all other the buildings and ' erections for the time being standing upon the said premises, against loss or damage by fire, in some office or offices in London or Westminster ; and also will, when required, produce to the said C. D., his heirs or assigns, or his or their agent, the policies of such insurance, and the receipts for the current year's pi-emiums paid thereon. And also will forthwith, on every occasion on which monies shall be received by virtue of any such insurance, lay out and expend the same (after deducting neces- sary expenses) in properly repairing, rebuilding, or reinstating the buildings which shall have been destroyed or damaged: not to cut And Also that he the said A. B., or his assigns, will not during except such his life fell or cut down any timber or timberlike trees standing as ought ... to he cut. or growing on the said premises hereby granted, unless the same may be required for renewing or repairing the park palings, and then only such as may be properly and fairly felled or cut down without detracting from the enjoyment of the said mansion- house as a place of residence, or the beauty of the said premises hereby granted, or unless such timber or trees shall be of such age and in such state as that considered as ornamental timber only the same may properly require to be felled or cut down with a view to the enjoyment of the said mansion-house as a place of residence or the beauty of the said premises hereby granted, but so nevertheless that all timber and timberlike trees properly felled or cut down as aforesaid, and the proceeds ]\nZtiL t^^ereof, shall belong to the said A. B. Provided always, that Cutting *^® ^^^^ ^- ^■' °^ ^i^ assigns, shall give to the said C. D., his heirs or assigns, at least one calendar month's previous notice in writing of the intention of the said A. B., or his assigns, to cut any timber or timberlike trees under the provisions herein- before contained, and that the trees intended to be cut or felled shall be marked, and shall be shown when required to some person appointed for the purpose by the said C. D., his heirs or assigns ; and in case such person shall, on behalf of the said C. D., his heirs or assigns, object to the felling or cutting of any trees, as being improper and coming within the restrictions aforesaid, the same shall not be felled or cut unless and until it Digitized by Microsoft® timher. PURCHASE DEEDS. 343 shall have been decided by arbitration, as hereinafter provided, ^J^jk™™ that the same may be felled or cut. Provided also, and it is 10™?^™ hereby agreed and declared, that if any question or difference Arbitraiio shall arise between the said A. B. and his assigns and the said ''^^"'■ C. D., his heirs or assigns, as to whether any timber or timber- like trees are such as may be properly felled or cut down having regard to the covenant and restrictions aforesaid, such question or difference shall be referred to two arbitrators, or their umpire, pursuant to and so as, with regard to the mode and consequences of the reference and in all other respects, to conform to the pro- visions in that behalf contained in the " Common Law Procedure Act, 1854," or any then subsisting modification thereof. No. LXXII. CONVEYANCE by an Owner in Fee to a Railway i-osveyakck " TO Company (a). railway COMPANY. THIS INDENTURE, made the day of , Between, Parties. A. B. of, &c. (vendor), of the one part, and the Railway (a) By the " Lands Clauses Consolidation Act, 1845 " (8 Vict. c. 18), power Power to is given to the promoters of undertakings to purchase lands of the owners ^"ement.''^ by agreement (s. 6). Parties having only partial interests, or being under disability, are em- Parties powered to sell to the Company (ss. 7, 22, 25, 38), and the purchase-money ^j;}?^''^^-,, or compensation in such cases is to be ascertained either by the verdict of a to sell. jury, or arbitration, or by valuation (s. 9), and must be paid into the Bank of England if it amounts to £200 (s. 69) ; and if it exceeds J20, but does not amount to J200, then into the Bank, or to trustees to be nominated as therein mentioned, according to the directions of the Act (s. 71), and to be applied as therein directed (ss. 69, 73, 74). Upon the deposit of the pur- chase-money or compensation in the Bank, all such persons are required to convey the purchased lands to the Company, and in default thereof the Company is empowered to execute a deed poll, which is to have the effect of a conveyance of all the estate in such lands capable of being sold to the Company (a. 75). ,,..,, When a sum paid into the Bank under this Act belongs to a tenant in Payment tail in possession, he must execute a disentailing deed before the Court will gjfon^ ay it out to him. {Re Butler's Will, L. R. 16 Eq. 479 ; Be Reynolds, to tenant ,. R. 3 C. D. 61.) „ „ , '°*^ The Company bears the costs of all conveyances, as well on the part of Coats, the vendor as of the purchaser, and of the deducing and evidencing the title to the lands, and also of all abstracts and attested copies which they may The powers of the promoters for the compulsory purchase of lands for the Limit of Digitized by Microsoft® I 344 PDEOHASB DEEDS. CONVEYANCE TO RAILWAY COMPANY. Becite " Bail way Act." Agreement by company to pur- chase. Company of the other part : Whereas by " The Eailway Act; 18 — ," in which Act the " Lands Clauses Consolidation Act, 18 — ," is incorporated, the said Company is empowered to take and purchase for the purposes of the railway and works thereby authorised, the pieces of land and hereditaments intended to be hereby conveyed : And whereas the said Company has agreed with the said A. B. for the absolute purchase of the said pieces of land and hereditaments, and the inheritance thereof in fee simple in possession, free from incumbrances, at the price of £ — '■ — , which sum is to inchide and be in full compensation for all damage to be sustained by the said A. B. by -reason of the severing of such lands from the remainder of the estate to which the same belong, or otherwise injuriously affecting such lands by the execution of the works of the said Company, and also for all right to require the said Company, under or by force of the " Railway Clauses Consolidation Act, 1845," to make and time for compulsory purciiase. Conveyance of copy- holds. Clauses as to copy- holds, lands in mort- gage, and underlease. Sale of superfluous lands after the expira- tion of the time. purposes of the special Act cannot be exercised after the expiration of the prescribed period ; and if no period is prescribed, not after the expiration of three years from the passing of the special Act (s. 123). All conveyances of copyhold lands under the " Lands Clauses Consolida- tion Act " must be entered on the rolls of the manor, and on the payment of the steward's fees he is required to make such enrolment ; and it is declared, that within three months after the enrolment of such convey- ance, or within one month after the lands shall be entered on by the Company, the promoters shall procure the copyhold lands to be enfran- chised, and shall apply to the lord of the manor for this purpose, and shaU pay a compensation in respect thereof, as provided by the Act (s8. 95, 96). The 98th section provides for the apportionment of copyhold rents when part only of the land subject to the rent is required. The 108th and six following sections relate to lands in mortgage; and the 119th and three following sections provide for the apportionment of the rents where part only of lands under lease are taken, and for the compensation to be made to tenants. As to superfluous lands, or, in other words, lands not required for the purposes of the undertaking, the Company is required within the prescribed period, or if no period be prescribed, within ten years after the expiration of the time limited by the special Act for the completion of the works to sell such superfluous lands, giving, not*-ithstanding, a right of pre-emp- tion (unless the lands be situate within a town, or be lands built upon or used for building purposes) first to the person then entitled to the lands (if any) from which the same were originally severed, if such person can be found, or if he refuse to purchase or cannot be found, then to the person or persons whose lands may immediately join the lands proposed to be sold. The persons to whom the offer of sale is made, if desirous of availing themselves of this right of pre-emption, are required to signify such their desire within six weeks after the oner of sale is made to them respectively 88. 127, 128, 129). (Moody v. Corbett, L. R. 1 Q. B. 510; Coventry u London, Brighton, & South Coast Railway Co., L. R. 5 Eq. 104 ; May v. The Great Western Railway Co., L. R. 7 Q. B. 364.) As to what are lands situate within a town within the 128th sec, see Lord Carrington v. Wycombe Eailway Co., L. R. 3 Ch. 377. Digitized by Microsoft® PURCHASE DEEDS. 345 maintain such works as are in the same Act referred to, and conveyance TO otherwise might be required to be made and maintained for "a'^^way ° ' ^ ^ COMPANY. the accommodation of the owners and occupiers of the lands ~ adjoining to the pieces of land intended to be hereby con- veyed (6) : NOW THIS INDENTURE WITNESSETH, that witnessing in pursuance of the said agreement, and in consideration of the ^ sum of £ to the said A.. B. paid by the said Company on or before the execution of these presents {the receipt, (fee). The said vendor A. B. doth hereby grant and convey to the said Company, their parcels, successors and assigns, Ali, those two pieces or parcels of land situate in the parish of , in the county of , containing respectively and , and being respectively parts of two closes of meadow ground called respectively and , and distinguished in the plan and books of reference of the said railway, deposited in the office of the clerk of the peace for the said county of , so far as relates to the said parish of , bj' the Nos. and , And which pieces of land in- ^,tended to be hereby granted and conveyed are delineated in the plan drawn in the margin of these presents, and are therein coloured red ; Together with all ways, rights, and appurten- ances thereto belonging (c) : And all such estate, right, title, "'£^' **"* and interest in and to the same and every part thereof, as the said A. B. is or shall become seised pr possessed of, or is by the said " Hallway Act, 18 — ," and by the Act therein incorporated, or one of them, empowered to convey : To hold the said to railway premises to the said Company, their successors and assigns, for ever, according to the true intent and meaning of the said "Rail- way Act, 18 — " (Covenants for title by A. B. with the Rail- ^g"^?™? way Company, their successors and assigns, supra, p. 219) : And vendor, also that he the said A. B., his heirs or assigns, shall and will ^^^^^.^ (covenant to produce deeds, see " Covenants for production, *«8'i»- No. 1," infra, mutatis mutandis, substituting "the said Com- pany, their successors and assigns," for "the said C. D., his heirs and assigns.") (6) If a further sum is to be paid for severance, and is assessed separately, there should be a separate receipt for it ; and it will be unnecessary to refer to it in the conveyance. (c) If the mines are included in the purchase, it is necessary to mention them, otherwise they will not pass. See 8 Vict. c. 20, s. 77. Digitized by Microsoft® 346 PURCHASE DEEDS. CONVEYANCE BY TENANT FOE LIFE TO RAILWAY COMPANY. No. LXXIII. CONVEYANCE hy Tenant for Life to a Railway Company. Parties. That land is required for purpose of railway. Agreement by tenant for life to sell, at separate sums for purchase- money and compensa- tion for THIS INDENTURE, made the day of 18— such sumi }iaving been determined by valua- tion of surveyors. Witnessing part. Considera- tion, Between A. B. of, &c. {vendor), of the one part, and the Railway Company incorporated by the Railway Act, 18 — , of the other part {Recite instrument under which A. B. is tenant for life) : And whereas the piece of land and heredita- ments hereinafter described and intended to be hereby con- veyed, are required for the purpose of the undertaking autho- rised by the said Railway Act : And whereas the said A. B., pursuant to the power in this behalf conferred upon him by the " Lands Clauses Consolidation Act, 1845," which is incorporated in the said Railway Act, 18 — , has agreed with the said Company for the sale to them of the said piece of land and hereditaments, and the inheritance thereof in fee sirhple, free from incumbrances, and hath agreed to accept the sum of £ as the purchase-money of the said lands, and the further sum of £ as and by way of compensation for the damage to be sustained by him and his successors in title, owners of the said lands, by reason of the severing of the said lands from the remainder of the estate to, which the same belong, or otherwise injuriously affecting such lands by the exercise of the powers of such Railway Act, or any Act incorporated therewith, the said sums of £ and £ respectively being the sums determined as such pur- chase and compensation money respectively, by the valuation in writing, dated the day of , of C. D. of, &c., and E. F. of, &c., two able practical surveyors, the said C. D. being nominated by the said A. B., and the said E. F. being nomi- nated by the said Company, pursuant to the provisions in that behalf contained in the said "Lands Clauses Consolidation Act, 1845 :'■ NOW THIS INDENTURE WITNESSETH that in order to carry into effect the said agreement for sale, and in consideration of the sum of £,- (the aggregate of the said two sums of £ and £ respectively) paid into the Bank of England to the account and with the privity of the Pay- Digitized by Microsoft® PUECHASE DEEDS. 347 master-General for the time being (a) on behalf of the High conveyance _^^ o\/ OBY TENANT Court of Justice (Chancery division) ex parte the Railway ™b\"way™ Company, pursuant to the said Railway Act, 18 — , by the °°'"'^^- said Railway Company, he the said A. B. doth hereby vendor convey to the said Company, their successors and assigns, pSs' All, &c. (parcels) : Together with all ways, rights, and appur- tenances thereto belonging : And all such estate, right, title, and interest in and to the same as the said A. B. now is or shall become seised or possessed of, or is by the said Acts empowered to convey : To hold the said premises to the said Company, t" '•""^sy ,1^ • c J ' company. their successors and assigns, for ever, according to the true intent and meaning of the said Act : And the said A. B. covenants doth hereby for himself, his heirs, executors, and administra- by vendor, tors, covenant with the said Company, their successors and assigns. That notwithstanding any act, deed, or thing by the said A. B. done or executed, or knowingly sufifered to the contrary, he the said A. B. now hath good right to convey the said premises hereby conveyed, or expressed so to be, unto and to the use of the said Company, their successors and assigns, in manner aforesaid : And that the said Company their successors and assigns may at all times hereafter quietly hold and enjoy the said premises without any interruption by the said A. B.^ and free from all incumbrances created by him : And also that he the said A. B. and all persons lawfully or equitably claiming under him, shall and will at all times hereaftei", at the cost of the said Company, their successors or assigns, execute such as- surances for more effectually assuring the said premises unto and to the use of the said Company, their successors and assigns, as they may reasonably require : And the said A B. (with the and for intent to bind so far as is practicable all persons into whose "f'l'e'is- custody the deeds and writings hereby covenanted to be pro- duced shall come, but so as to be personally answerable for the acts of himself the said A. B. only) doth hereby covenant with the said Company, their successors and assigns, that he the said A. B. and all other persons into whose custody the said deeds and writings shall come, shall and will, &c. (Covenant to produce deeds, suprd, p. 345). In witness, &c. (a) By the 35 & 3C Vict. c. 44, it is enacted that the office of the Accoun- tant-General of the Court of Chancery shall be abolished from the 6th August, 1872, and that his duties and powers shall thereafter be performed by Har Majesty's Paymaster-GeneraL See sees. 4, 6. Digitized by Microsoft® PURCHASE DEEDS. 349 No. LXXV. CONVEYANCE by a Railway CoMPAirr of Super- conveyance ^ —^ ^ BY RAILWAY FLUOUS Lands to a PUECHASER(a), company ^ * OF SUPER- THIS INDENTURE, made, &c., Between the Railway lS° Company, incorporated by the Railway Act, 18 — , of the Parties. one part, and A. B. of, &c. (purchaser), of the other part : Whereas, tinder the powers of the said Railway Recite , , purchase Act, 18 — (in which Act the "Lands Clauses Consolidation ty and ^ , ^ ^ ^ conveyance Act, 1845," is incorporated), the said Company some time Jo.|he since purchased from X. Y. of, &c., certain pieces of land and company, hereditaments, of which the land and hereditaments intended to be hereby granted form part, and the same land and hereditaments were accordingly conveyed to the said Com- pany by an indenture dated the day of , and made between the said X. Y. of the one part, and the said Com- pany of the other part : And whereas the day of , P*y *'™''., 1870, is the time limited by the said Railway Act, 1860, ^^-^j"!/"^ for the completion of the works thereby authorised : And of worka. WHEREAS the land and hereditaments intended to be hereby not^ required granted are not required for the purposes of the said Railway coi^any.^ Act : And whereas the said X. Y. died on the day of ^*j5 °l^^ intestate, leaving C. D. of, &c., and E. F. of, &c., his co- ^^-n^g heiresses at law, and the said C. D. and E. F. are the persons now ^''^'• entitled to the lands from which the said lands and heredita- ments intended to be hereby granted were severed, and are also owners of the lands immediately adjoining to the last-men- tioned lands and hereditaments : And whereas N. 0. of, &c., ^/^}^™*^°" a person not interested in the matter in question, has made a |^" ^ f °- declaration in w:-iting, dated the day of , before P. Q. of, &c., a justice of the ffeace for the county of , not inte- rested in the said matter, and has thereby declared that an offer to sell the land and hereditaments intended to be hereby gi-anted was duly made by the said Company to the said C. D. and E. F. on the day of , and that such offer was not accepted by the said C. D. and E. F., or either of them, within six weeks of making the same : And whereas since 348 PURCHASE DEEDS. No. LXXIV. CONVEYANCE CONVEYANCE hy an Owner in Fee of Copyholds to COPYHOLDS a Railway Company. TO RAILWAY -^f^!^^ KNOW ALL MEN BY THESE PRESENTS, that I. A. B., considera- ^£^ ^^ (vendor), in consideration of the sura of £ to me now paid by the Railway Company, do hereby, in execution of the powers for this purpose given me by the Railway Conveyance Act, and the public Acts incorporated therewith, convey to the copyholds, said Company, their successors and assigns. All, &c. (here describe the parcels), Togethee with all ways, rights, and appur- tenances thereto belonging, And all such estate, right, title, and interest in and to the same, and the timber thereupon and the minera,ls thereunder, as by the said Acts or otherwise I am To hold to empowered to convey, To hold the premises to the said Com- company. pany, their successors and assigns, according to the true intent Covenants and meaning of the said Act ; And I do hereby for myself, my fOTri^*°to heirs, executors, and administrators, covenant with the said fromTncum- Company, their successors and assigns. That notwithstanding brances and ,i'i i !•■ i • i_ ±_ for further anything by me or by any persons claimmg under or m trust for me done or suffered to the contrary, I now have power to convey the premises to the said Company, their successors and assigns, and free from incumbrances : AND THAT I and all persons claiming under or in trust for me will at all times hereafter at the request and cost of the said Company, their successors or assigns, do and execute all such acts and assurances for further assuring the premises and every part thereof unto the said Company, their successors and assigns, as by them shall be reasonably required (a). In witness, &c. (a) For a form of a deed of enfranchisement of copyholds under the powers of the " Lands Clauses Consolidation Act," 1845, see Trend & Ware's Railway Precedents, p. 261, 2nd ed. assurance. Digitized by Microsoft® 350 PURCHASE DEEDS. COSVEYANCE BY RAILWAY COMPANY OF SUPER- FLUOUS LANDS. Agreement for sale to A. B. "Witnessing part. Considera- tion. Railway company convey to pur- cliaser. the date of the said declaration the said Company have agreed with the said A. B. for the absolute sale to him of the land and hereditaments intended to be hereby granted, and the inheritance thereof in fee simple in possession, free from in- cumbrances, at the price of £ : NOW THIS INDENTUEE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ paid to the said Company by the said A. B. on or before, &c. (the receipt, dc), the said Company doth hereby grant (h) unto the said A. B., his heirs and assigns, All, &c. (parcels, general words, and all the estate, dc) : To hold the premises unto and to the use of the said A. B., his heirs and assigns, for ever. In witness, &a No. LXXVL BUILDIHO OUANT. Grantor conveys par(?els to use that grantor may receive pei^etual lent-charge, GRANT of Laud for Building in Consideration of a Perpetual Rent-charge. Covenants by Grantee to Build thereon, and to Insure and Keep in repair Buildings and other Covenants in connection with such Buildings. THIS INDENTURE, made, &c., Between A. B. of, &c. (vendor), of the one part, and C. D. of, &c. (purchaser), of the other part : WITNESSETH, that in consideration of the rent hereinafter limited, and of the covenants hereinafter contained, and on the part of the said C. D., his heirs and assigns, to be paid, observed, and performed, the said A. B. doth hereby grant unto the said C. D. and his heirs (parcels, general words, and all the estate, &c.) : To have and to hold the hereditaments and premises hereby granted or expressed so to be, unto the said C. D. and his heirs, To the usg that the said A. B., his heirs and assigns, shall for ever receive out of the said here- ditaments and premises the yearly rent of £ , to be paid by two equal half-yearly payments on the day of and the day of in every year, without deduction (the property or income tax in respect of such rent only (6) By the " Lands Clauses Consolidation Act," s. 132, it is provided, that itt conveyances of land hy the promoters of the undertaking, the word " grant " shall operate as express covenants for title and for further assurance. Digitized by Microsoft® PURCHASE DEEDS. 351 excepted), the first half-yearly payment of the said rent to BUILDING GBAJJT. be made on the day of next : And to this : — •^ power of FURTHER USE and intent, that as often as the said rent of <"«*^««^' £ , or any part thereof, shall be unpaid for twenty-one days next after any of the said days whereon the same is hereby made payable, it shall be lawful for the said A. B., his heirs and assigns, to enter into and distrain upon the said here- ditaments and premises, or any part thereof, for the said rent so in arrear, and to deal with and dispose of the distresses as if such rent was reserved on a lease for years, to the intent that the said A. B., his heirs or assigns, may be fully paid the rent so in arrear as aforesaid, and all costs occasioned by the nonpayment thereof : And also to this further use and intent, that power of as often as the said rent of £ , or any part thereof, shall be reception of unpaid for forty days next after any of the days whereon proau, the same is hereby made payable, it shall be lawful for the said A. B., his heirs and assigns, to enter into and upon, and to hold all or any part of the hereditaments and premises, and to receive the rents and profits thereof, until he or they shall thereby or otherwise be paid the said rent and all arrears thereof then due, or thereafter to become due, during the continuance of such possession, together with all costs which he or they shall sustain by reason of the non- payment thereof, such possession when taken to be without impeachment of waste, And subject and charged as aforesaid, and subject To the use of the said C. D., his heirs and assigns for ever : use of And the said A. B. doth hereby for himself, his heirs, exe- fee. cutors, and administrators, covenant with the said C. D. and ^y^^^r his heirs. That notwithstanding, &c., he the said A. B. now '^ ""'' *"• hath good right to grant the said hereditaments and premises to the uses and in manner aforesaid : And that the said here- ditaments and premises shall at all times hereafter be peaceably and quietly possessed and enjoyed accordingly, without any lawful interruption, claim, or demand from or by the said A. B., &c. : And that, &c. (free from incumbrances, and for further assurance, " to the uses and in manner aforesaid ") : And the covenants . , by grantee SAID C. D. doth hereby for himself, his heirs, executors, adminis- trators, and assigns, covenant with the said A. B., his heirs and assigns, owners for the time being of the rent-charge herein- before limited in manner following (that is to say). That the said C. D., his heirs and assigns, will at all times hereafter pay the said yeaily rent-charge at the times and in manner to pay rent. Digitized by Microsoft® 352 PURCHASE DEEDS. ^os^"" hereinbefore appointed for payment thereof, free from all deduc- and taxes tio^s (except the property tax in respect of the said rent), and also the land tax and all other rates, taxes, and assessments now affecting, or hereafter to affect, the hereditaments and To oompiete premises hereby granted, (except as aforesaid) : And will house within twelve calendar months next after the date of these within . , , . . J twelve presents, at his or their expense, under the inspection and calendar i ' x ' *■ months, to the Satisfaction of the architect for the time being of the said A. B., his heirs and assigns, in a good and, workman- like manner, erect and complete on such part of the land hereby granted as is marked out on the plan hereto annexed, with good stone and timber and all other proper materials, a messuage or dwelling-house, with proper offices, according to a plan and elevation to be approved of by such architect, and that such messuage or dwelling-house, and offices so to be erected, shall be of the value of £ at least, and that the said C. D., his heirs and assigns, shall at the request of the to produce Said A. B., his heirs and assigns, produce full and satisfac- expenditure, tory vouchers of expenditure to the value aforesaid, and also Tiate°ftoin ^^** '^^ P^''* °^ *'^® external elevation or plan of the said erect other niessuage or dwelling-house and offices so to be built as afore- w^thour s*i And that no wall bounding the said plot be" ranted °f ground shall be carried to a greater height than six feet sSfeet^™ from the ground floor of the said messuages, and that the Boundary bouudary walls of the said plot may be used as party walls be used as by any person or persons building on the adjoining plots of ground, he and they paying a proportionate part of the expense Not to carry of keeping the same in repair : And also, that the said E. F., trade.™^'™ his heirs or assigns, shall not nor will at any time carry on or permit to be carried on upon the said premises any noisy, noisome or offensive trade or business (power to A. B. and C. D., their heirs and assigns, to re-enter on non-payment of rent or breach of covenants, see last Precedent, supra, p. 353) : Covenant And THE SAID A. B. and C. D. do hereby, for themselves, and as by grantors to indem- a separate covenant each of them doth hereby, for himself, his uify against -^ i • ■ i . • i i pa^™°unt heirs, executors, admmistrators, and assigns, covenant with the said E. F., his heirs and assigns. That the said A. B. and C. D., their heirs, executors, administrators or assigns, will at all times hereafter pay the entirety of a certain yearly rent of £ , reserved by an indenture dated, &c., and made, &c., to which the hereditaments hereby granted, together with other property of great value, are liable under the same indenture, and also observe and perform the covenants and conditions in the last- mentioned indenture contained, and will at all times keep indemnified the said E. F., his heirs, executors, administrators and assigns, and his, their and every of their, real and personal estate and effects, and especially the premises hereby granted, or expressed so to be, and all messuages and buildings now standing thereon, from and against the same rent of £ , covenants and conditions, and from and against all actions, costs, claims and demands, , by reason thereof respectively : And that whenever the said yearly rent of £ , or any portion thereof, shall be in arrear, or shall be paid by the said E. F., his heirs or assigns, or be raised out of the heredita- ments hereby granted, or out of the rents and profits thereof, by reason of the default of the said A. B. and C. D., their heirs, executors, administrators or assigns, to pay the same at the several times at which the same ought to be paid, accord- ing to the terms of the said indenture of the day of it shall be lawful for the said E. F., his heirs or assigns, to stop Digitized by Microsoft® PURCHASE DEEDS. 357 and suspend the payment of the said yearly rent of £ , or of any sums on account thereof, until the said yearly rent of £ , or any payment in respect thereof, shall cease to be so in arrear as aforesaid, or until all such sums as shall be so paid by the said E. F., his heirs or assigns, or shall be so raised as aforesaid, in consequence of such default as aforesaid, and all costs occasioned by any such default, shall be fully satisfied by the said A. B. and C. D., their heirs, executors, adminis- trators, or assigns. IX WITNESS, &C. GRAKT BY TENANTS IN COMMON IN* C0N8IDEBA- II ON OF PERPETUAL RENT. No. LXXVIII. APPOINTMENT of Land for Building by Tenant bu.ld,no FOE Life under a Power in Consideration of a ment'by , -^ TENANT FOR perpetual Kent-charge. life dnder THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. (grantor), of the first part, and C. D., of, &c. (grantee), of the other part: WITNESSETH that the said Tenant for A. B., by virtue of the power to him for this purpose limited by exercise of an indenture of settlement dated the day of , and made between, &c., and of every other power enabling him in this behalf, and in consideration of the perpetual yearly rent hereinafter limited, and the covenants hereinaftar contained, and by the said C. T>., his heirs, executors, administrators, and assigns, to be observed and performed, doth hereby appoint that All, &c. (here describe the property to be appointed) : Together Appoints WITH all the rights, easements, privileges, and appurtenances ^^"^ belonging thereto (Except and reserved out of this present Except appointment all springs of water, issuing, arising, or flowing water. out of, in, through, or upon the said plot of ground hereby appointed, or any part thereof, with liberty for the said A. B. and other the person or persons far the time being entitled to the said excepted premises under the limitations of the said indenture of settlement, to enter upon the said hereditaments and to make and maintain thereupon or therein any reservoirs Digitized by Microsoft® 358 PURCHASE DEEDS. BUILDING APPOINT- and channels for conveying the said water from or through the TENANT ^roE Same or any part thereof, and from time to time to alter and "to^b™ repair the same reservoirs and channels, paying to the owner or owners of the said premises for the time being, for all damage which may be done to him or them in the exercise of the powers hereby reserved), shall henceforth go, remain, and be ^aStOT ''*' To THE USES following (that is to say) :■ To the use that the persons*' ^'''id A. B. and his assigns, and other the person or persons who mdOTsettie- Under the limitations of the said indenture of settlement would recdv^rent- ^OT the time being be entitled to the hereditaments and premises " ^^^' hereby appointed, or expressed so to be, if these presents had not been made, may from and after the date of these presents for ever receive out of the hereditaments and premises hereby appointed, or expressed so to be, the yearly rent-charge of £ , to be paid by equal half-yearly payments, &c. : And TO THIS FURTHER USE and intent, that as often as the said rent, or any part thereof, shall be in arrear for twenty-one days after any of the days whereon the same is hereby made payable, it shall be lawful for the said A. B. or other the person or persons for the time being entitled to the said rent-charge, to enter into and distrain, &c. {Powers of distress and entry and covenants by grantor for title as in Precedent No. LXXVI. mutatis mutandis :) And the SAID C. D. doth hereby for him- self, his heirs, executors, administrators, and assigns, covenant with the said A. B. and his assigns, and other the person or persons for the time being entitled to the said rent under the limitation aforesaid, that, &c. {Covenants by grantee and power of re-entry, as in Precedent No. LXXVI. mutatis mutandis.) In witness, &c. No. LXXIX. GRA!«T AND GRANT and Sale tn Fee of several Rent-charges SALE OF jr" 7 • T • 7 ' SEVERAL EACH Of which IS made payable out of separate Free- CHAEQE8 HOLD Hereditaments. THIS INDENTURE, made the day of , Between A. B. of, &c. (vendor), of the one part, and C. D. of, &c. {pur- Agreement chascr), of the Other part : Whereas the said A. B. hath asrepd for creation •,! ,i ■ i /-( t\ j< ji ,• r. ■• ' ^ ^cu. and sale of With the Said. O. V. lor the creation of the several vearlv rpn+ several rent- . ,,"''■ ^^"''" charges. charges ot ± , ± , and £ , intended to be hereby Digitized by Microsoft® PURCHASE DEEDS. 359 granted, and for securing the payment thereof respectively as '"'*'''' *™ hereinafter mentioned, and also for the absolute sale to him the ^^ra^^ said C. D. of such yearly rent-charges and the inheritance "g^"^- thereof in fee simple free from incumbrances, and the securities for the same respectively, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c. (the receipt, &c.), he the said A. B. doth hereby grant unto the said C. D., his heirs vendor and assigns henceforth for ever, the several annual sums or yearly rent-charges hereinafter mentioned to be respectively issuing and payable out of the several pieces of land, messuages and hereditaments hereinafter mentioned in manner hereinafter provided (that is to say) : ONE'ANNUAL sum or yearly rent- one yearly r n 1 1* • • 11 /• n rent-charge CHARGE 01 Jb • to be yearly issumg and payable out of all payable out that piece of land containing square yards or thereabouts lands. delineated in the plan drawn in the margin of these presents, and therein coloured red, and numbered 1, and out of all that partly built messuage or tenement now standing on part of the said piece of ground, and known as number 1, Buildings, and out of all other buildings and erections now standing or to be hereafter built upon the same piece of ground or any part thereof, And out of all rights, easements, advantages and appur- tenances to the same hereditaments belonging or therewith held or enjoyed : Also one annual sum or yearly rent-charge Another of £ to be yearly issuing and payable out of all that piece JhligV™ of land containing square yards or thereabouts, delineated o/other°" in the plan drawn in the margin of these presents, and therein °^ coloured yellow, and numbered 2, and out of all that partly built messuage or tenement now standing on part of the same piece of ground and known as number 2, Buildings, and out of all other buildings and erections now standing or to be here- after built upon the same piece of ground or any part thereof. And out of all rights, easements, advantages, and appurtenances to the same premises belonging or therewith held or enjoyed : Also one annual sum or yearly rent-charge of £ Another vbsiTIv rent- to be yearly issuing and payable out of all that piece of land cha^e ^^^ containing square yards or thereabouts, delineated in the rf^^er plan drawn in the margin of these presents, and therein coloured green, and numbered 3, and out of all that partly built messuage or tenement now standing on part of the same piece of ground and known as number 3, Buildings, and out of all other buildings and erections now standing or to be hereafter built Digitized by Microsoft® 360 PURCHASE DEEDS. SAIiE OF SEVERAIi RENT- CHABOES. °sl^E o^ upon the same piece of ground or any part thereof, And out of all rights, easements, advantages, and appurtenances to the same premises helonging or therewith held or enjoyed : All WHICH several pieces of land hereinbefore described lie con- tiguous to each other in the parish of , in the city of , and are bounded as an entire piece of land on, &c. (here describe hounda/rits), And all which several annual sums or yearly rent- charges are to be paid and payable by equal half-yearly pay- ments on the day of , and the day of in every year, without any deduction or abatement whatsoever, and the first of each of such half-yearly payments is to be made on To pm- the day of : To HAVE and to hold the said rent- chaser in '^ . fte. charges and premises unto and to the use of the said G. D., his "^™"rs''of l^si^^ ^'^^ assigns : AND THE SAID A. B. doth hereby grant and ente^^for™* Covenant to and with the said C. D., his heirs and assigns. That plyminl; ^^ ^^7 °°® °^ *^^ ^^^^ annual sums or yearly rent-charges, or any chSgM. P^'^* thereof, shall at any time be in arrear and unpaid for twenty- one days next after either of the days hereinbefore appointed for the payment thereof. Then and in every such case it shall be lawful for the said C. D., his heirs and assigns, to enter into and distrain upon the said premises out of which the said annual sum or yearly rent-charge so in arrear and unpaid as aforesaid is hereby made issuing and payable, or any part thereof, and to dispose according to law of the distress or distresses then and there found to the intent that thereby or otherwise the same annual sum or yearly rent-charge, and every part thereof so in arrear and unpaid as aforesaid, and all costs and expenses oc- casioned by the non-payment thereof, may be fully paid and satisfied : And further, that if any one of the said annual sums or yearly rent-charges, or any part thereof, shall at any time be unpaid for forty days next after either of the days hereinbefore appointed for the payment thereof. Then and in every such case it shall be lawful for the said C. D., his heirs and assigns, to enter into and upon, and to hold the said premises out of which the said annual sum or yearly rent-charge so in arrear and unpaid as aforesaid is hereby made issuing and payable, or any part thereof, and to take the rents and profits thereof, until he or they shall therewith and thereby or otherwise be fully paid and satisfied the same annual sum or yearly rent-charge, and the arrears thereof due at the time of such entry, or afterwards to become due during his or their being in possession of the same premises, together with all costs and expenses occasioned by the Digitized by Microsoft® PURCHASE DEEDS. 361 OOAITT AND SALE OF SEVERAL RENT- CHARGES. non-payment thereof respectively, And such possession when taken to be without impeachment of waste : And the said A. B. doth hereby for himself, his heirs, executors, and adminis- trators, covenant with the said C. D., his heirs and assigns, S^j^^ That notwithstanding any act or thing by him the said A. B., or any of his ancestors, done or executed, or knowingly suffered, he the said A. B. now hath good right to grant the said several ^a"t^reni^ annual sums or yearly rent-charges hereb}' granted, or expressed ''''^'**'' so to be, in manner aforesaid, and to charge the same respectively upon the several premises out of which the same are herein- before made issuing and payable respectively, and to grant the several powers hereinbefore granted for securing or enforcing the payment of the same several annual sums or yearly rent-charges in manner aforesaid according to the true intent and meaning of these presents : And that the said several annual sums or for quiet yearly rent-charges shall and may at all times hereafter be received, taken and enjoyed by the said C. D., his heirs and assigns, without any lawful interruption or disturbance by him the said A. B., his heirs or assigns, or any person lawfully or equitably claiming by, from, under, or in trust, for him, them, or any of them, or by, from, or under any of his ancestors : And free from THAT freed and discharged, or otherwise, by him the said A. B., trances, his heirs, executors, or administrators, sufficiently indemnified from and against all estates, incumbrances, claims, and demands whatsoever either already or hereafter to be made, occasioned, or suffered by the said A. B., or his heirs, or any person lawfully or equitably claiming by, from, under, or in trust for him, them, or any of them, or by, from, or under any of his ancestors : And ^^lH FURTHER, that he the said A. B., his heirs and assigns, and assurance. every other person having or lawfully or equitably claiming any estate, right, title, interest, property, claim, or demand, in, to, or upon the said several premises out of which respectively the said annual sums or yearly rent-charges hereby granted, or expressed so to be, are hereinbefore respectively made issuing and payable, or any part thereof respectively, by, from, under, or in trust for him the said A. B., or his heirs, or by, from, or under any of his ancestors, shall and will from time to time, and at all times hereafter, upon the request and at the cost of the said C. D., his heirs or assigns, do and execute every such lawful act, thing, and assurance for the further and more per- fectly granting the said several annual sums or yearly rent- charges hereby granted, or any of them, and charging the Digitized by Microsoft® RENT- GHAAOBS. 362 PURCHASE DEEDS. "tAM 0F° same respectively upon tbe said premises out of which re- spectively the same are hereinbefore respectively made issuing _ and payable, and granting the said powers and remedies hereby granted for securing and enforcing payment of the said several annual sums or yearly rent-charges in manner aforesaid, according to the true intent and meaning of these presents, as by the said C. D., his heirs or assigns, shall be reasonably required (Covenant by A. B. for procl/iiction of the deeds, dc., relating to " the several hereditaments and premises, out of which the said several rent-charges respectively are made payable "). In witness, &c. No. LXXX. coNVEVABOE CONVEYANCE of Freeholds which are Subject to a FREEHOLDS perpetuol Yearly Rent-Charge. SUBJECT TO PERPETUAL rpjjjg INDENTURE, made, &c., Between A. B. of, &c. Parties. {vendor), of the one part, and C. D. of, &c. {purchaser), of the Eecite grant other part : Whereas by an indenture, dated, &c., and made or land to * "^ / » 7 in ft7sub- "between G. H. of, &c., of the one part, and the said A. B. of the ■^ CT* etnti °*^^r T^axi, for the considerations therein mentioned, the plot rent-eiiarge. of ground hereinafter described and intended to be hereby assured, and the appurtenances, were granted by the said G. H. unto the said A. B. and his heirs ; To the use that the said G. H., his heir.s and assigns, should for ever thereafter receive out of the said hereditaments and premises hereby assured, or expressed so to be, the yearly rent of £5 to be paid as therein mentioned, and subject and charged as aforesaid, and subject also to the powers and remedies by and in the said indenture limited and contained, for securing the due payment of the said yearly rent, to the use of the said A B., his heirs and assigns, for ever ; and the indenture now in recital con- tains a covenant by the said A. B. for the payment of the said yearly rent-charge and certain other covenants by him as to Krlote^d" buildings and otherwise: And whereas since the date and h^^e'on*' execution of the said recited indenture, the said A. B., in per- lonvtye^dto formauce of a covenant in this behalf contained in the said indenture, hath erected a messuage or dwelling-house upon the Digitized by Microsoft® him. PUBCHASE DEEDS. 363 CONVEY ANnP, OF FREEHOLDS SUBJECT TO PERPETUAL RENT. said plot of ground intended to be hereby assured : And WHEREAS the said A. B. hath agreed with the said C. D. for the sale to him of the plot of ground, messuage or dwelling- house, and hereditaments hereinafter described and intended to ^,reement be hereby assured, and the inheritance thereof in fee simple hMcdiL-' in possession (subject to the aforesaid yearly rent-charge and Sj^^^^ the powers and remedies in the said recited indenture con- ^JJ^^"""" tained for securing the payment thereof, and the covenants and conditions in such indenture contained, and on the part of the said A. B., his heirs and assigns, to be observed and performed), at the price of £ : NOW THIS INDEN- TURE WITNESSETH, that in pursuance of the aforesaid agreement, and in consideration of the sum of £ to the said A. B. now paid by the said C. D., the receipt whereof the said A. B. doth hereby acknowledge, and from the same doth hereby release the said C. D., he the said A. B. doth hereby grant unto the said C. D. and his heirs. All that plot of J™^^"'' ground, (parcels,) and all that messuage or dwelling-house Jf°^]j?J^_ which has been erected on the said plot of ground as afore- ^"""^ said (general words, and all the estate, ' >f »^ RESERVING the same (a). minerals. THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. {vendor), of the one part, and C. D. of, &c. {;pur- (a) An exception of the mines under land is prvmd facie an exception of Exception the strata which the minerals are, and leaves the grantor in the ownership of mines, of such strata as a separate tenement and not as a mere servitude or ease- ment. He may therefore use them for any purpose he thinks fit, e. g., he may make a road through them for the conveyance of the produce of ad- joining mines. (Duke of Hamilton v. Graham, L. E. 2 H. L. 166.) But it is a question of construction whether the strata or the minerals only are reserved, and in the latter case the grantor has the right of getting the minerals only. (Ramsay v. Blair, L. R. 1 App. Ca. 701.) Where the ownership of the mines is separate from that of the surface. Right of prvmd facie the mine owner is bound to leave sufficient support for the owner of surface, and a grant or reservation of express power to work and get the |™^°^*° minerals and for that purpose to sink shafts, &c., making compensation for from the damage to the surface, does not of itself reUeve the mine owner from the ^j^^"™' obligation to support the surface ; because sufficient effect may be given to tlie ?ompensation-clause by holding it to apply to damage caused by the B B 2 Digitized by Microsoft® 372 PURCHASE DEEBS. CONVEYANCE OF FREE- H0LD8, RESERVING MINERALS. Agreement for sale of land, reserving minerals. Witnessing part. Vendor conveys parcels. Exception and reser- vation of mines and minerals, and liberty of ingress, &c.. and liberty to sink pits. and to appropriate surface for heap room. chaser), of the other part : Whereas the said A. B. hath agreed with the said C. D. for the sale to him of the lands and hereditaments hereinafter described, and the inheritance thereof in fee simple in possession, free from incumbrances, with such exceptions and reservations as are hereinafter ex- pressed, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c. (the receipt, dc), he the said A. B. doth hereby grant unto the said C. D., his heirs and assigns. All, &c. {parcels, general words, and all the estate, dc.) : Except and reserved unto the said A. B., his heirs and assigns, all mines, veins, seams, and beds of coal, ironstone, and other minerals whatsoever already found or which may hereafter be found under the lands hereby granted, or expressed so to be, with full liberty of ingi-ess, egress, and regress at all times for him the said A. B., his heirs and assigns, and his and their servants, agents, and workmen, in and upon the said lands, and either with or without horses and other cattle, carts and waggons and other carriages, for the purpose of searching for, working, getting, and carrying away the said mines and minerals, and with full liberty also for him the said A. B., his heirs and assigns, to sink, drive, make, and use pits, shafts, drifts, adits, aircourses, and watercourses, and to erect and set up fire and other engines, machinery, and works, and to lay down railroads and other roads in, upon, under, and over the said lands, or any of them, for the purpose of more conveniently working and carrying away the said mines and minerals, and also to appropriate and use any part of the surface of the said sinking of the shafts, and other surface works authorised by the deed. (Humphries v. Brogden, 12 Q. B. 739, 20 L. J. Q. B. 10 ; Harris v. Ryding, 5 M. & W. 60, 8 L. J. (N. S.) Exch. 181 ; Smart v. Morton, 24 L. J. Q. B. 260 ; Roberts v. Haines, 25 L. J. Q. B. 353 ; Hext v. Gill, L. R. 7 Ch. 699.) But if it appears clearly on the face of the instrument that the grant of the mines is intended to carry with it the right so to work them as to cause a subsidence, there is nothing illegal in such a grant, and it is in every case a question of construction whether this is or is not the intention of the deed. (Rowbotham v. Wilson, 27 L. J. Q. B. 61 ; 8 H. L. 0. 348 ; Duke of Buccleuch v. Wakefield, L. R. 4 H. L. 377.) Thus, in a case w^here, on a grant of land for the erection of a cotton mill, there was an exception and reservation of all the mines and minerals, with power to take the same at pleasure, but without entering upon the surface, so that compensation be made for all damage to the buildings by the exercise of any of the excepted powers, it was held that the mine owner might work so as to injure the buildings, because, as he was restrained from entering on the surface, the damage contemplated by the compensation-clause must be damage by subsidence. (Aspden «. Siddon, L. U. 10 Ch. 394.) Digitized by Microsoft® PUECHASE DEEDS. 373 CONVEYANCE OF FREE- lands for depositing, placing, and heaping thereon the minerals, waste, nabbish, and other substances which may be gotten h^erviko from the said mines, and generally to do all other acts and '"™''^'^- things necessary or proper for working and getting the said mines and minerals according to the most approved practice of mining in the district : Provided always, that the said A. B., vendor to ° ' ' pay rent his heirs or assigns, do and shall pay to the said 0. D., his '""^ ^'"'■=;"« o ' sr J ' appropri- heirs or assigns, the annual sum of £ for every acre, and "**'*• so in proportion for any less quantity than an acre of land, the surface whereof shall be appropriated or used for any of the purposes aforesaid, so long as such appropriation or use shall continue, and until the surface shall be restored, as nearly as may be practicable, to its original state and condition before such appropriation or use commenced : And provided also f„^^*' that the workings of the said mines shall be conducted in such °o"g"n^'^o a manner as not to endanger any buildings now being on the b"iidiS|s said lands, or which may be hereafter erected on the site of or **'• within yards of the site of any present buildings, and gene- rally to do as little damage or injury to the surface of the said lands as shall be consistent with the proper working of the said mines : And provided also, that the said A. B., his heirs or '^l'"^"J^° assigns, shall pay to the said C. D., his heirs or assigns, ade- f™^aina"e quate compensation for all damage or injury which he or they, or his or their tenants, may sustain by reason of the working of the said mines, or the exercise of any of the liberties or privi- leges hereby excepted and reserved, the amount of such com- pensation, and all other matters in difference which may arise between the parties in connection with the said excepted mines, minerals, liberties, and privileges, to be settled by two arbitrators, one to be appointed by each party in difference, or their umpire, subject to the provisions as to arbitration con- tained in the "Common Law Procedure Act, 1854 " : To have Habendum "" , to pur- AND TO HOLD the hereditaments and premises hereby granted, chaser in or expressed so to be, unto and to the use of the said C. D., his heirs and assigns, for ever. {Covenants for title by A. B., suprd, p. 219.) In witness, &c. Digitized by Microsoft® 374 PUECHASE DEEDS. No. LXXXV. CONVEYANCE OF MINES WITHOUT SURFACE. CONVEYANCE of Mines without the Surface, the Mines to he Worked through the Adjoining Property. Parties. THIS INDENTURE, made the day of Between Agreement for sale. Witnessing part. Vendor conveys mines and minerals. A. B. of, &c. (vendor), of the one part, and C. D., of, &c. [pur- ohaser), of the other part : WHEREAS the said A. B. hath agreed with the said C. D., for the absolute sale to him of the mines and minerals intended to be hereby granted, free from incumbrances, at the price of £ : NOW THIS INDEN- TURE WITNESSETH, that in pursuance of the said agree- ment, and in consideration, &c, (the receipt, de.), he the said A. B. doth hereby grant unto the said C. D. and his heirs, All the mines and minerals whatsoever in or under the pieces of land situated in the parish of , in the county of , -which are specified in the schedule hereunder written, to be worked by under- ground workings only, surface not to be entered on or inter- fered with. and pur- chaser to pay com- pensation for damage. Habendum to purchaser in fee. and are delineated and coloured pink in the map hereunto annexed, but so that the said mines and minerals shall and may be worked, gotten, and carried away by means of out- stroke or underground workings, through any adjoining mines or lands belonging to or held by the said C. D., his heirs or assigns, or which he or they may for the time being be autho- rised to use for that pui-pose, .and that the surface of the said land specified in the schedule hereunder written, or any of them, shall not be entered upon or in any manner interfered with for any of the purposes aforesaid, or for any purpose con- nected with the said mines and minerals, and so also that the said C. D., his heirs ahd assigns, shall do no damage or injury to the surface of the said lands in or about the working and getting of the said mines and minerals, or in anywise relating thereto : To have and to hold the mines and premises hereby granted, or expressed so to be, unto and to the use of the said C. D, his heirs and assigns, for ever. (Covenants for title, supra, p. 219.) In witness, &c. The Schedule referred to in the above written Indenture. Digitized by Microsoft® PURCHASE DEEDS, 375 No. LXXXVI. CONVEYANCE to a Sub-Purchaser, the Original conveyance TO SUB- PURCHASER Joining. puechasee. THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. (vendor), of the first part, C. D. of, &c. (original purchaser), of the second part, and E. F. of, &c. (sub -pur chaser), of the third part : Whereas the said A. B. lately agreed, «&c. original (agreement for sale by A. B. to C. D.for £1000, suprd, p. 218) : for sale. And whereas the said C. D. has since agreed with the said Agreemeni; ■n T-1 1 • • 1 • 11 n between E. F., that m consideration of the sum of JtoO to be paid to puroiiaser ^ and Bub- the said C. D. by the said E, F., the said E. F. should be sub- purchaser. stituted for the said C. D. as the purchaser under the aforesaid agreement : NOW THIS INDENTURE WITNESSETH, that witnessing in pursuance of the said agreements, and in consideration of the considera- sum of £1000, on or before the execution of these presents paid *'™^' by the said E. F. to the said A. B. in satisfaction of the pur- chase-money so as aforesaid agreed to be paid by the said C. D. to the said A. B., and of the sum of £50 on or before the execution of these presents, paid by the said E. F. to the said C. D. (the receipt of which several sums of £1000 and £50, making together the sum of £1050, the said A. B. and C. D. respectively do hereby acknowledge, and from the same do and each of them doth hereby release the said E. F.), The said conveyance by vendor A. B., at the request of the said C. D. (testified by his being a and original ' ^ . 11 • pnrchaser. party to and executing these presents), doth hereby grant, and the said C. D. doth hereby confirm unto the said E. F., &c. (Grant of freeholds to E. F. in fee, and covenants for title by A. B. with E. F., suprd, pp. 218, 219.) In witness, &c. Digitized by Microsoft® 376 PURCHASE DEEDS, CONVEYANCE g UNDER DECREE OR ORDER IN ADMINISTRA- TION SUIT. Parties. "Will of X. Y., devising all his real estate to trustees. Order of Court for sale. That pro- perty was put up for No. LXXXVII. CONVEYANCE by Trustees and Executors of Free- hold Property under a Decree or Order in an Administration Suit (a). THIS INDENTURE, made the • day of Between A. B., of, &c., and C. D., of, &c. (vendors), of the one part, and E. F., of, &c. (purchaser), of the other part : Whereas X. Y., late of, &c., being seised in fee simple of the hereditaments intended to be hereby granted, duly made his will, dated, &c., and thereby devised all his lands, tenements, and heredita- ments, and other real estate, unto and to the use of the said A. B. and C. D., their heirs and assigns, upon the trusts therein declared concerning the same, and the said testator appointed the said A. B. and C. D. the executors of his said wiU : And whereas the said testator died on the day of with- out having altered or revoked his said will, and the same was shortly afterwards duly proved by the said executors thereof in the principal registry of the Probate Division of the High Court of Justice : And whereas by a decree of the High Court of Justice (Chancery Division), dated the 4ay of , and made in an action wherein M. N. claiming' to be a creditor of the said X. Y., deceased, was plaintiff, and the said A. B. and C. D. were defendants, it was (amongst other things) ordered that the real estate of the said testator be sold : And whereas in pursuance of the said decree the real estate of the said testator was, on the day of last, with the approbation of the judge to whose court the said cause was attached, put up for sale by public, auction in several lots, and the hereditaments intended to be hereby assured con- stituted Lot 2 at the said sale : And whereas by the conditions of the said sale it was provided that each purchaser should at the time of the sale pay a deposit of £5 per cent, on the amount of his purchase-money to 0. P., the person appointed by the (a) On a sale under a decree of the Court, all persons having a legal interest in the property, whether parties to the suit or not, should concur in the conveyance, but the purchaser is not entitled to the concmrence of any persons being parties to the suit, or otherwise bound by the proceedings therein, whose interests are merely equitable. (Dart, V. & P. 770 ; Keat- inge V. Keatinge, 6 Ir. Eq. 43 ; Cole v. Sewell, 17 Sim. 40 ; Ee William's Estate, 5 De G. & Sm. 515.) Digitized by Microsoft® PURCHASE DEEDS. 377 CONVEYANCE UNDER DECREE OR ORDER IN ADMINISTRA- TION SUIT. said j udge to receive the same : And it was also provided tliat each purchaser was, in addition to the amount of his bidding at the sale, to pay the value of all timber and timber-like trees, tellers, and pollards (if any), on the lot purchased by him, down to Is. per stick inclusive, the amount thereof to be ascer- tained by valuation as therein mentioned : and also that each purchaser was, under an order for that purpose to be obtained by him, to pay the amount of his purchase-money after de- ducting the amount paid as a deposit, together with the amount of the aforesaid valuation, into the Bank of England, with the privity of the paymaster-general for the time being (a) on behalf of the said court to the credit of the said cause, on or before the day of then next, and if the same should not be so paid, then the purchaser was to pay interest on his purchase-money, including the amount of such valuation, at the rate of £5 per cent, per annum, from the said day of next to the day on which the same should be actually paid : And wheeeas at the said sale the said E. F. was the highest That pm- ^ chaser wa« bidder for and was declared the purchaser of the said Lot 2 at Jeciarad ^ the highest the sum of JE2000, and he thereupon paid to the said 0. P. the Jj,'^**^^ sum of £100 as a deposit, pursuant to the said condition in that iieposit. behalf, which deposit has been since paid by the said 0. P. into the Bank of England with the privity of the said paymaster- general to the credit of the said cause : And whereas the chief clerk's chief clerk of the said judge certified the result of the said sale of result by his certificate, dated the day of , and the said cer- tificate was approved and signed by the said judge on the day of , and has been since duly filed in the said court : And whereas the timber, timber-like trees, tellers, and pollards vaination of •IT timber. on the said lot have been valued pursuant to the said condition in that behalf at the sura of £150 : And whereas, by an order order for of the said court, dated the day of , and made in the purchase- said cause, it was ordered that the said E. F. should, on or court. before the day of , pay the sum of £1900 (being the balance of the said purchase-money of £2000 after deducting the said deposit), and the said sum of £150, being the amount of the said valuation, together with interest after the rate of £5 per cent, per annum on the said sums from the said day of , the day appointed in the said conditions for the completion of the purchase, to the day on which the same should be actually paid (the amount of such interest to be certified by the chief (a) See suivd, p. 347. Digitized by Microsoft® 378 PURCHASE DEEDS, CONVEYANCE UNDER DECEEE OB ORDER IN ADMINISTRA- TION SUIT. Payment of purchase- money into Court. Witnessing part» Considera- tion. Trustees convey parcels to purchaser in fee. clerk) into the Bank of England, with the privity of the pay- master-general for the time being (a) on behalf of the said court, to the credit of the said cause, to an account to be entitled " The proceeds of the sale of the real estates of X. Y., deceased," and that all proper parties should join in the sale and conveyance of the said hereditaments to the said E. F. : And whereas, in pursuance of the said last recited order, the said E. F. did, on the day of , pay the said sums of £1900 and £150, and also the sum of £10, the amount certified to be due for interest thereon from the said day of last up to the said day of payment (making together the sum of £2060), into the Bank of England, with the privity of the said paymaster-general, to the credit of the said cause, to an account entitled " The account of the proceeds of the sale of the real estates of X. Y., deceased," as appears by the receipt of one of the cashiers of the said bank and the certificate of the said paymaster-general, dated respectively the and days of : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said order, and for the purpose of carrying into effect the said sale, and in consideration of the said sums of £100 and £2060, paid by the said E. F. as hereinbefore is mentioned, the said A. B. and C. D. do hereby grant, &c. {Grcmt to E. F. in fee, supra, p. 218 — Covenants by A. B. and C. D. with E. F. against incumbrances, supra, p. 300.) In witness, &c. No. LXXXVIII. Provisions of Settled Estates Act as to sales. CONVEYANCE on a Sale made under " The Settled Estates Act, 1877" (40 dt 41 Vict c. 18) (6), - day of , Between A. B. of, &c. {tenant for life under will), of the one part, and CONVEYANCE ON SALE UNDER SETTLED "a™ this INDENTURE, made the (a) See swyj-d, p. 347. (6) This Act declares tliat tlie word " settlement " as used therein shall signify any Act of Parliament, deed, agreement, copy of court roll, will, or other instrument, or any number of such instruments, under or by virtue of which any hereditaments of any tenure or any estates or interests in any such hereditaments stand limited to or in trust for any persons by way of succession, including any such instruments, affecting the estates of any one Digitized by Microsoft® PUKCHASE DEEBS. 379 C. D. of, &c. (purchaser), of the other part : Whereas X. Y., ™JJ'^^^'"= late of, &c., being seised in fee simple of the farms and lands ON SALE UNUEB SETTLED ESTATES ACT. or more of sucb persons exclusively. The Act then declares that the term " settled estates " as used therein shall signify any hereditaments of any tenure, and all estates or interests in any such hereditaments, which are the subject of a settlement, and that for the purposes of the Act a tenant in tail after possibility of issue extinct shall be deemed a tenant for life ; and that all estates or interests in remainder or reversion not disposed of by the settle- ment, and reverting to a settlor or descending to the heir of a testator, shall be deemed to be estates coming to such settlor or heir under or by virtue of the settlement ; and that in determining what are settled estates within the meaning of the Act, the Court shall be governed by the state of facts, and by the trusts or limitations of the settlements at the time of the said settle- ment taking effect (s. 2). The 16th section enables the Court to authorise a sale of the whole or any parts of any settled estates or of any timber (not being ornamental timber) growing on any settled estates, such sale to be conducted and confirmed in the same manner aa by the rules and practice of the Court for the time being, is or shall be required in the sale of lands sold under a decree of the Court. The 18th section empowers the Court, when any land is sold for building purposes, to allow the whole or any part of the consideration to be a rent issuing out of such land, which may be secured and settled in such manner as the Court approves. On any sale of land any earth, coal, stonp, or mineral may be excepted, and any rights or privileges may be reserved, and the purchaser may be required to enter into any covenant or submit to any restrictions which the Court may deem advisable (s. 19). The 20th section makes it lawful for the Court to direct that any part of the settled estates be laid out for streets, roads, paths, squares, gardens, and other open spaces,, sewers, drains or water courses. And the 22nd section provides that, on every sale or dedication under the Act, the Court may direct what person or persons shall execute the deed of conveyance, and that such con- veyance shall take effect as a revocation or appointment of use or otherwise as the Court may direct. Applications to the Court must be made with the concurrence or con- sent of the following parties, namely, — Where there is a tenant in tail under the settlement in existence and of full age, then the parties to concur or consent shall be such tenant in tail, or if there is more than one such tenant in tail, then the first of such tenants in tail and all persons in exist- ence having any beneficial estate or interest under or by virtue of the settlement prior to the estate of such tenant in tail, and all trustees having any estate or interest on behalf of any unborn child prior to the estate of such tenant in tail ; and in every other case the parties to concur or consent shall be all the persons in existence, havin" any beneficial estate or interest under or by virtue of the settlement, and also all trustees having any estate or interest on behalf of any unborn child ; subject, however, to the proviso, that where an infant is tenant in tail under the settlement, it shall be lawful for the Court, if it shall think fit, to dispense with the concurrence or consent of the person if only one, or aU or any of the persons, if more than one, entitled, whether beneficially or otherwise, to any estate or in- terest subsequent to the estate tail of such infant (ss. 24, 25). The 26th section provides that where on an application under the Act, the concurrence or consent of any person as aforesaid shall not be obtained, a notice may be given to such person in such manner as the Couit shall direct, requiring him to say whether he assents or dissents, and if he does not reply he will be deemed to have submitted his rights and interests to be dealt with by the Court ; and the Court is authorised by ss. 27 & 28 to dis- pense with notice and consents in certain cases. The 29th section empowers the Court to give effect to any petition subject to and so as not to affect the Digitized by Microsoft® 380 PURCHASE DEEDS. CONVEYANCE ON SALK UNDER SETTLED ESTATES ACT. Will Of testator devising property to A. B. for life, with remainders over. That A. B. has three children, all infants. Order of Court for sale under intended to be hereby granted, duly made his will, dated, &c., and thereby devised all his messuages, lands, tenements and hereditaments, being freehold of inheritance, to the uses fol- lowing (that is to say), to the use of the said A. B. and his assigns during his life, without impeachment of waste, with remainder to the use that E. B., the wife of the said A. B., should, after the decease of the said A. B., receive the yearly rent- charge of £500, to be charged upon and issuing out of the said premises, with usual powers of distress and entry for recovering payment of the said rent-charge when in arrear, and subject thereto to the use of L. M. and N. 0., their executors, adminis- trators, and assigns, for the term of 1000 years computed from the day of the death of the said A. B., without impeachment of waste upon the usual trusts for securing the said yearly rent- charge, and for raising the sum of £10,000 for the portions of the younger children of the said A. B., with remainder to the use of the first and other sons of the said A. B. successively, accord- ing to seniority in tail male, with remainder to the use of the said A. B., his heirs and assigns, for ever (Recite death of testator, and probate of his will) : And wheeeas the said A. B. has now living three children by the said E. B. his wife (that is to say), F. B. his eldest son, G. B. and H. B., all of whom are under the age of twenty-one years : And whereas by an order of the High Court of Justice (Chancery Division) dated the day rights, estate, or interest of any person whose concurrence or consent has been refused, or who has not suhmitted or is not deemed to have submitted his rights or interests to be dealt with by the Court, or whose rights, estate, or interest ought, in the opinion of the Court, to be excepted. All monej to be received on any sale effected under the authority of the Act, may, it the Court shall thinfc fit, be paid to any trustees of whom it shall approve, or otlaerwise the same must be paid into Court, and in every case it must be applied as the Court shall from time to time direct to some one or more of the following purposes, namely, — The purchase or redemp- tion of the land tax, the discharge or redemption of any incumbrance aflecting the hereditaments in respect of which such money was paid, or affecting any other hereditaments subject to the same uses or trusts' the purchase of other hereditaments to be settled in the same manner as the hereditaments in respect of which the money was paid, or the payment to any person becoming absolutely entitled (see. 34) ; and until the money can be applied as aforesaid, it must be invested as the Court may direct in some or one of the investments^ in which cash under the control of the Court is for the time being authorised to be invested (s. 36). The powers conferred by the Act cannot be exercised, if an express declaration that they shall not be exercised is contained in the settlement (s. 38). Where applications are made or consented to under the Act by a married woman, she must be first separately examined by the Court, or by some solicitor appointed by the Court for the purpose (ss. 60, 51, 52). Digitized by Microsoft® PURCHASE DEEDS. 381 CONVEYANCE ON SALE UNDER SETTLED ESTATES ACT. of , and made in the matter of an Act made and passed in the 40th and 41st years of the reign of Her present Majesty, intituled " An Act to Consolidate and Amend the Law relating to Leases and Sales of Settled Estates," and g^^j^ in the matter of a farm and lands known as farm, ^^^^ situate in the parish of , in the county of , and containing or thereabouts (meaning the farm and lands intended to be hereby assured), and which order was made upon the petition of the said A. B. with the consent of the said E. B. (she having been first examined apart from her said hus- band touching her knowledge of the nature and effect of the said application, by J. a solicitor of the said court appointed for that purpose, and it appearing from the certificate of the said J. that he was satisfied that the said E. B. was aware of the nature and effect of the said application, and that she freely desired to consent to the same), and with the consent also of the said F. B., G. B,, and H. B., given by K. their guardian on their behalf, pursuant to the direction of the said coUrt, and with the consent also of the said L. M. and N. 0., on behalf of the unborn children of the said A. B., the said court being of opinion that it was proper and consistent, with a due regard for the interests of all parties entitled under the said will of the said X. Y., that a sale should be authorised to be made of the farm and lands therein described (being the farm and lands intended to be hereby assured), did order that the said farm and lands be sold accordingly, with the approbation of the judge, subject to the provisions and restrictions in the said Act contained ; and the said court did further order that the money to arise by such sale be paid into the Bank of England, with the privity of the paymaster-general for the time being (a) on behalf of the said court, to the credit of ex parte A. B., in the matter of "An Act to Consolidate and Amend the Law relating to Leases and Sales of Settled Estates," " the pro- ceeds of the sale of settled estates under the will of X. Y. deceased ; " and the said court did further order that the said A. B. should execute the deed or deeds of conveyance of the said farm and lands to the purchaser or purchasers thereof on such sale being effected ; And whereas in pur- pursnant suance of the said order the said farm and lands intended to laiXpnt be hereby assured were on the day of put up for "^ " (a) See sitprd, p. 347. Digitized by Microsoft® 382 PURCHASE DEEDS. CONVEYANCE ON SALE UNDER SETTLED ESTATES ACT. certificate. Payment of purcliase- money into Court. '■ sale by public auction in one lot, with the approbation of the judge to whose court the said application was made, and the said C. D. was the highest bidder for, and was declared the pur- chief clerk's chaser of, the said farm and lands at the price of £ : And WHEREAS the result of the said sale has been certified by the chief clerk of the said judge, by his certificate dated the — ■ — day of , which certificate was approved by the said judge on the day of , and has been since filed in the said court : And wheeeas the said C. D. did, on the day of , last, pay the said purchase money of £ into the Bank of England, with the privity of the paymaster-general for the time being (a) on behalf of the said court, to the credit of ex parte A. B., in the matter of "An Act to Con- solidate and Amend the Law relating to Leases and Sales of Settled Estates," " The proceeds of the sale of settled estates under the will of X. Y.," as appears by the receipt of one of the cashiers of the Bank of England, and the certificate of the said paymaster-general, dated respectively the — ; — day of , and the day of : NOW THIS INDEN- TURE WITNESSETH, that, in pursuance of the said order in this behalf, and for the purpose of carrying into effect the said sale, and in consideration of the said sum of £ , paid by the said C. D., as hereinbefore is mentioned, he the said A. B. in exercise of the power for this purpose conferred upon him by the said Act, and of all other powers (if any) him revokes hereunto enabling. Doth hereby revoke all the uses, trusts andappoiSs ^^'^ provisious, by and in the said will of the said X. Y. declared purchaser ^^^ Contained concerning the farm, lands and hereditaments, in fee. hereinafter described and intended to be hereby assured, and Doth hereby appoint that all, &c. (parcels, general words, omitting "and all the estate," dc), shall, from and immediately after the execution of these presents, go, remain, and be to the use of the said C. D., his heirs and assigns for ever : And the said A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D., his heirs and assigns. That notwithstanding any act, deed, or thing, by the said A. B., or by the said X. Y. the testator, done or executed, or knowingly suffered to the contrary, he the said A. B. now hath good right to appoint the said hereditaments and pre- mises unto and to the use of the said C. D., his heirs and Witnessing part. Considera- tion. Covenants for title by vendor. (a.) See note, suprA, p. 347. Digitized by Microsoft® PURCHASE DEEDS. 383 CONVEYANCE ON SALE UNDER SETTLED ESTATES ACT. assigns, in manner aforesaid : And that the said C. D., his heirs and assigns, shall, and may, at all times hereafter, peaceably and quietly possess and enjoy the said hereditaments and pre- mises, and i-eceive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand whatsoever from or by the said A. B., or any person or persons lawfully or equit- ably claiming from, under, or in trust for him, or from or under the said X. Y. : And that free from all incumbrances what- soever made or suffered by the said A. B., or his heirs, or by the said X. Y., or any pei'son or persons lawfully or equitably claiming as aforesaid: And further, that he the said A. B. and his heirs, and all persons having or lawfully or equitably claiming any estate or interest in the hereditaments and pro- mises hereby granted, or expressed so to be, or any of them, or any part thereof, from, under, or in trust for the said A. B., or from or under the said X. Y, shall and will from time to time, and at all times hereafter, at the request and cost of the said C. D., his heirs or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the said hereditaments and pre- mises, and every part thereof, unto and to the use of the said C. D., his heirs and assigns, in manner aforesaid, as shall or may be reasonably required : Provided always, &c. (proviso dc, qualifying the above covenants, suprd, p. 313, note : And ^"/"JIJ"' the said A. B. as to his own acts during his life, and with the ^™^°° °' intent also to bind, so far as he can, all other persons into whose hands the deeds and writings hereby covenanted to be produced shall come, but so as not to be personally liable for the acts of such persons, doth hereby for himself, his successors in title and assigns, covenant with the said C. D., his heirs and assigns. That he the said A. B., his successors in title, and assigns, shall, and will, &c. (Covenant for production of deeds). In witness, &c. The Schedule referred to in the above written Indenture. Digitized by Microsoft® 384 PDRCHASE DEEDS. No. LXXXIX. UNDER father of co-heiresses intestate. PAivm-.oN CONVEYANCE on a Sale imder the " Partition Act, ' — 1868," where the Property has descended on Two Co-heiresses, of whom One is an Infant (a). Parties. rpjjjg INDENTURE, made the day of , Between A. B. of, &c, (one co-heiress), of the first part, C. D. (the per- son appointed, as hereinafter appeal's, to convey in the place of E. F., an infant [other co-heiress), of the second part, and deatifof G. H. of, &c. (purchaser), of the third part : Whereas X. Y., late of, &c., died on the day of , 18 — , intestate, leaving the said A. B. and E. F., his only children and co- heiresses at law, and he was at his death seised in fee simple of the hereditaments intended to be hereby granted: And whereas the said A. B. attained the age of twenty-one years on the Decree of day of , but the said E. F. is an infant : And whereas by a ing sale. decree of the High Court of Justice (Chancery Division), dated, &c., and made in a cause wherein the said A. B. is plaintiff, and the said E. F., defendant, it was ordered on the request of the plaintiff that the hereditaments intended to be hereby granted be sold : And it was determined that upon such sale the defendant E. F. would be a trustee of her undivided moiety of the said hereditaments for the purchaser thereof within the meaning of th_e "Trustee Act, 1850," and the court appointed the said C. D. to Provisions (a) By tte Partition Act, 1868 (31 & 32 Vict. c. 40), it is provided that of Partition in suits for partition, where a decree for partition might have been made, ^"^^ if from the nature of the property or the number of the parties interested therein, or the absence or disability of some of those parties, or any other circumstance, a sale of the property is considered by the Court to be more beneficial than a division, the Court of Chancery may, on the request of any of the parties, direct a sale (sec. 3) ; or if the party or parties interested, individually or collectively, to the extent of one moiety or upwards in the property in question, request the Court to direct a sale of the property and a distribution of the proceeds, instead of a division of the property among the parties interested, the Court shall, unless it sees good reason to the contrary, direct a sale (sec. 4) ; or if any party interested in the property requests the Court to direct a sale and a distribution of the proceeds, the Court may, unless the other parties interested in the property, or some of them, undertake to purchase the share of the party requesting the sale, direct a sale (sec. 5). The 7th section provides that section 30 of the " Trustee Act, 1850," shall apply to cases where in suits for partition, the Court directs a sale instead of a division of the property ; and the 8th section declares that sections 23 to 25 (both inclusive) of the ' " Leases and Sales of Settled Estates Act " shall extend to money to be received on any sale effected under the authority of the Act. See also the "Partition Amendment Act," 39 & 40 Vict. c. 71. Digitized by Microsoft® PURCHASE DEEDS. 385 UNDER PABTITION convey the moiety of the said E. F. accordingly : And whereas O i/ PABTITI {Recite sale by auction, and G. H. declared highest Udder — act. chief clerk's certificate — order to pay purchase money into court, and payment by purchaser accordingly, supra, pp. 376, 377, 378, mutatis mutandis): NOW THIS INDENTURE WITNES- j^'^'^^'s SETH, that, in pursuance of the said decree and orders, and in one co- consideration, &c., the said A. B., as to one moiety of the here- theVersm ditaments hereinafter described, and the said C. D., as to the o" beSatf other moiety thereof, for and on hehalf of the said E. F., do oo-heiress 11,., , convey to hereby respectively grant and convey unto the said G. H., his j^f^'g""*" heirs and assigns, &c. {Conveyance of parcels to G. II. in fee- Covenants for title by A. B. as to her moiety.) In witness, &c. No. XC. CONVEYANCE upon a Sale of Charity Lands with convevavce the APPROVAL of the Charity Commissioners (a). or cha\?ty LAKDS. THIS INDENTURE, made the day of , Between ^^^,, — A. B. of, &c., and C. D. of, &c., the trustees of a charity called, &c. {state the title of the charity), of the one part, and E. F. of, &c. ( purchaser), of the other part : Whereas the said A. B. and Agreement ^■'- ^ , for sale by C. D. lately asrreed with the said E. F. for the absolute sale tnistees of . . chanty. to him of the hereditaments intended to be hereby assured (being part of the lands belonging to the said charity), and the inheritance thereof in fee simple in possession, free from incumbrances, at the price of £ , but subject to the appro- subject to bation of the said sale by the Charity Commissioners for England charity J •> a Comniis- and Wales : And whereas by an order under the common sioners. seal of the said Charity Commissioners, dated the day of chaStl , they the said Commissioners having inquired into the sione"^' circumstances, and being satisfied that the proposed sale would SS™"* be advantageous to the charity, did authorise the said sale, and give directions to the said A. B. and C. D. to carry the same into efTect: NOW THIS INDENTURE WITNESSETH, -^^'taessmg ' part. that in pursuance of the said agreement, and by virtue of the (a) See 16 & 17 Vict. c. 137, s. 24 ; 23 & 24 Vict. c. 136, s. 16. VOL. I. C C Digitized by Microsoft® 386 PURCHASE DEEDS. OOKVEYAHCE OK SALE OF OHAKITY LANDS, Considera- tion. TrusiieeH convey to purcliasor m fee. said order of the said Charity Commissioners, and in considera- tion of the sum of £ paid by the said E. F. to the said A. B and C. D., on or before, &c. (the receipt, dc), they the said A. B. and C. D. do, &c. (Grant by A. B. and C. D. to E. F. in fee, — and covenant by A. B. and C. D. against incumbrances.) In witness, &c. No. XCI. CONVEYANCE IN CON- SIDERATION CONVEYANCE of Freeholds to a Purchaseb in con- sideration of a Gross Sum, and also of an Annuity charged on the Land, with powers of Distress and Entry. Parties. THIS INDENTURE, made the day of Between Agreement for sale. Witnessing part. Considera- tion of gross sum, and of annuity. Vendor grants parcels to pur- cliaser, to use that annuity be recieived by vendor, A. B. of, &c. (vendor), of the one part, and C. D. of, &c. (pv/r- chaser), of the other part : Whereas the said A. B. hath agreed with the said C. D. for the absohite sale to him of the hereditaments intended to be hereby granted, and the inherit- ance thereof in fee simple in possession, free from incumbrances, in consideration of the sum of £ , and also in consideration of the annual sum or yearly rent-charge of £ , to be limited to the said A. B. for his life, and to be secured to him as hereinafter mentioned: NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ to the said A. B. paid by the said C, D. on or before the execution of these presents (the receipt, <&c.), and also in consideration of the annual sum or yearly rent-charge of £ hereinafter limited and secured to the said A. B,, he the said A. B. doth hereby grant unto the said C. D., his heirs and assigns. All, &c. (parcels, general ivords, and all the estate, dc.) : To have and to hold the heredita- ments and premises hereby granted, or expressed so to be, unto the said C. D. and his heirs : To THE USE AND INTENT that the said A. B. and his assigns may henceforth during his life receive an annual sum or yearly rent-charge of £ , to be charged upon, and issuing and payable out of the said heredita- ments and premises, and to be paid by two equal half-yearly payments, on the day of and the day of in Digitized by Microsoft® PURCHASE DEEDS. 387 every year (without any deduction except for property or in- conveyaxce come tax), the first of such half-yearly payments to be made sideratios CD the day of next: And TO thk use and intent ■^'^'"- (powers of distress and entry, supra, p. 351) : And subject to and '^'Jj*'™™" charged with the said annual sum or yearly rent-charge, To '■^^ ^n*"?. THE USE of the said C. D., his heirs and assigns, for ever : And ^8^'^' THE said C. D. doth hereby, for himself, his heirs, executors, to°usrof' administrators, and assigns, covenant with the said A. B., his covenimtby executors and administrators, that he the said C. D., his heirs, ^^" executors, administrators, or assigns, shall and will pay or cause """""^y- to be paid to the said A. B., his executors, administrators, or assigns, the said annual sura of £ , at the times and in the manner hereinbefore appointed for the payment thereof : And covenants THE SAID A B. doth hereby for himself, his heirs, executors, and vendor, administrators, covenant with the said C. D. and his heirs. That notwithstanding any act, deed, or thing by the said A. B. done, executed, or knowingly suffered to the contrary, he the said A. B. now hath good right to grant the hereditaments and premises hereby granted, or expressed so to be, to the uses and in manner aforesaid : AND THAT the said hereditaments and premises shall at all times hereafter be peaceably and quietly possessed and enjoyed, and the rents and profits thereof received and taken, according to the uses hereinbefore limited concerning the same, without any lawful eviction, inten-uption, claim, or demand from or by the said A. B., or any person or persons lawfully or equitably claiming from, under, or in trust for him : And that free from all incumbrances made, occasioned, or suffered by the said A. B., or any person or persons lawfully or equitably claiming as aforesaid : And further, that he the said A. B., and all other persons having or lawfully or equitably claiming any estate or interest in the said hereditaments and ' premises, or any part thereof, from, imdei", or in trust for him, shall and will at all times hereafter, at the request and cost of the said C. D., his heirs or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things for further and more effectually assuring the said hereditaments and premises, and every part thereof, to the uses and in manner aforesaid as shall or may be reasonably required. In witness, &c. c c 2 Digitized by Microsoft® 388 PURCHASE DEEDS. No. XCII. CONVEYANCE IN CON- SIDERATION OF ANNUITY WITH FULLER. POWERS, AND POWER TO SUBSTITUTE GOVERN- MENT ANNUITY. Parties. Recite agreement for sale in consider- ation of annuity. Witnessing part. Vendor conveys parcels. To the intent th?it vendor may receive rent-cliarge, &c,, and subject thereto to use of trustee for term, with re- mainder to purchaser Declaration of trusts of term. CONVEYANCE to a Puechaser in Consideration of an Annuity, with fuller Powers for securing it than in the last Precedent, and with Power for Purchaser to buy a Government Annuity in Substitution. THIS INDENTURE, made, &c., Between A. B. of &c. (vendor), of the first part, C. D. of, &c. {purchaser), of the second part, and E. F. of, &c. (trustee), of the third part : Whereas the said A. B. has agi-eed with the said C. D. for the absolute sale to him of the hereditaments intended to be hereby assured, and the inheritance thereof in fee simple in possession, free from incumbrances, in consideration of the annual sum or yearly rent-charge of £ , to be limited to the said A. B. for his life, and to be secured as hereinafter mentioned: NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the annual sum or yearly rent-charge of £ , hereinafter limited and secured, the said A. B. doth hereby grant unto the said E. F. and his heirs, ALL, &c. ( parcels, general words, and all the estate, &c.) : To have and to hold the hereditaments and premises hereby granted or expressed so to be unto the said E. F. and his heirs, To the use, intent, and purpose, &c. [Limitation of rent- charge to A. B. for his life, with powers of distress and entry as in last Precedent) : And subject to and charged with the said annual sum or yearly rent-charge of £ , To the use of the said E. F., his executors, administrators, and assigns, for the term of 1000 years, computed from the day of the date of these presents, without impeachment of waste, upon the trusts hereinafter declared concerning the same : And from and AFTER the expiration or sooner determination of the said term of 1000 years, and in the meantime subject thereto and to the trusts thereof. To THE USE of the said C. D., his heirs and assigns, for ever : And it is hereby agreed and declared that the said hereditaments and premises are hereby limited to the said E. F., his executors, administrators, and assigns, for the said term of 1000 years. Upon trust that if the said yearly rent-charge of £ , or any part thereof, shall at any time be Digitized by Microsoft® PUKCHASE DEEDS. 389 CONVEYANCE IN CON- SIDERATION OF ANNUITY, WITH FULLER POWERS, AND POWER TO SUBSTITUTE GOVERN- MENT unpaid for forty days after any of the times hereby appointed for payment thereof (although there shall not have been any legal demand made thereof), then and so often as the same shall happen, the said E. F., his executors, administrators, or assigns, shall, on the request in writing of the said A. B., or his assigns, enter into the possession or receipt of the rents and annuity. profits of the said hereditaments and premises, and let the same, or do and shall, on the like request, either mortgage or sell the said hereditaments and premises, or any of them, or any part thereof, for all or any part of the said term of 1000 years, and any such sale may be made either by public auction or private contract, with or without any special conditions as to title or otherwise, and the said E. F., his executors, adminis- trators, or assigns, may buy in the said premises, or any part thereof, at any sale by auction, or may rescind any contract for the sale thereof, and resell the same without being answer- able for any loss or diminution in price, and may execute as- surances, give effectual receipts for the purchase-money, and do all other acts and things for completing any such sale as afore- said, which he or they may think proper : And it is hereby power to ,, , .« . 1 • 1 J.1 sell the fee AGREED AND DECLARED, that II On any occasion on which the simple, said trust for sale of the premises comprised in the said term of 1000 years shall be exercisable, the said A. B., or his assigns, shall request the said E. F., his executors, administrators, or assigns, to offer and contract for the sale of the said premises in fee simple, instead of offering the same for sale for the residue of the said term of 1000 years only, the said E. F., his execu- tors, administrators, or assigns, shall offer and contract for the sale of the said premises in fee simple accordingly : And it is HEREBY AGREED AND DECLARED that upon any Sale made of the said premises in fee simple, it shall be lawful for the said A. B., or his assigns, to appoint the hereditaments which shall be sold to the purchaser, his heirs and assigns, or as he or they shall direct, freed and discharged from all or any of the uses, trusts, and provisions limited, declared, and contained by and in these presents : And it is hereby further declared, that upon any sale of the said premises in fee simple, all the provisions hereinbefore contained as to sales to be made of the said term of 1000 years shall in like manner be applicable to any sale made of the fee simple, and no purchaser at any sale of the premises, either for the term of 1000 years or in fee simple, shall be concerned to see or inquire whether the case Digitized by Microsoft® 390 PURCHASE DEEDS. CONVEYANCE IN CON- SIDERATION OF ANNUITY, WITH FULLER POWERS, AND POWER TO SUBSTITUTE GOVERN- MENT ANNUITY. Trusts of sale or mortgage monies. has happened in which such sale ought to be made, or to regard any notice to the contrary : And it is hereby agreed and DECLARED, that the said E. F., his executors, administrators and assigns, shall stand possessed of all monies to arise by any sale or mortgage made in pursuance of these presents, and of the rents and profits of the said premises, from the time of his or their entering into receipt thereof until the said premises shall be sold, Upon tHust that he or they do and shall apply the same in payment to the said A. B., or his assigns, of all arrears of the said yearly rent-charge of £ , and all costs, charges, and expenses to be incurred by the said A. B. or his assigns by reason or on account of the non-payment of the said yearly rent-charge, or any part thereof, or otherwise relating thereto, and also all costs, charges, and expenses to be incuiTed by the said E. F., his executors, administrators, or assigns, in or about the execution of the trusts and powers of these presents, and do and shall invest the residue of the monies to be received by the said E. F., his executors, administrators, or assigns, from any such sale or mortgage as aforesaid, or in respect of the rents and profits of the .said premises, in or upon any of the parliamentary stocks or public funds of Great Britain, or at interest upon government or real securities in the name or names'of the said E. F., his executors, administrators, or assigns, with power to vary such investments for others of the same or a like nature, and do and shall stand possessed of the monies so to be invested, and the stocks, funds, and securities in or upon which the same shall be invested, upon trust, by and out of the dividends, interest, and annual produce thereof, and if such dividends, interest, and annual produce shall be insufficient, then, in addition thereto, by calling in and disposing from time to time of a sufficient part of the principal money so to be in- vested, or the stocks, funds, or securities representing the same, to pay unto the said A. B., or his assigns, the yearly rent-charge of £ , as and when the same shall grow due and be payable, or so much thereof as shall from time to time be in arrear and unpaid, and all costs, charges, and expenses to be incurred by the said A. B., or his assigns, by reason or on account of the non-payment thereof, or otherwise relating thereto, and also all costs, charges, and expenses to be incurred by the said E. F. his executors, administrators, or assigns, in or about the execu- tion of the trusts and powers of these presents, and subject to the trusts hereinbefore declared in trust for the said C. D. Digitized by Microsoft® PURCHASE DEEDS, 391 IK CON- SIDERATION OF ANNUITY, WITH FDLLER POWERS, AND POWER TO his executors, administrators, and assigns, for his and their own '^™^^c™'!'"^ absolute use and benefit {Covenants for title by A. B., see last Precedent) : And the said C. D. doth hereby, for himself, his heirs, executors, administrators, and assigns, covenant with the said A. B., his executors, administrators, and assigns, that he ^^^Z'' the said C. D,, his heirs, executors, administrators, or assigns, anTuity. will pay unto the said A. B., his executors, administrators, or covemmt by assigns, the said yearly rent-charge of £ , at the times and fo^aV^"' in the manner hereinbefore appointed for payment of the same, ''°"""^*'' and also that the said C. D., his heirs, executors, administrators, insure . . against Are. or assigns, will at his or their own expense forthwitli insure the said messuage or tenement hereby granted, or expressed so to be, in some public office of insurance, in a sum not less than two-thirds of the value thereof, and will during the life of the said A. B., or until the said messuage or tenement shall be sold in pursuance of the provisions in that behalf hereinbefore con- tained, keep the same so insured, and will on demand produce the policy or policies of insurance for the time being, and the receipts for the premiums in respect thereof, to the said A. B. or his assigns: AND IT IS HEREBY AGREED AND DECLARED, Power to that if the said E. F., or any trustee appointed as hereinafter trustee. provided, shall die or be abroad for more than six calendar months at any one time, or desire to be discharged from, or re- fuse or become incapable to act in the trusts aforesaid, then and in every such case it shall be lawful for the said A. B. to appoint a new trustee in the place of the trustee so dying, or being abroad, or desiring to be discharged, or refusing or becoming incapable to act as aforesaid, and that upon every, such appointment the said term of 1000 years shall be assigned to the new trustee, and such new trustee may either before or after such assignment act in the trusts and powers of these presents as fully and effectually to all intents and purposes as if he had been hereby constituted a trustee : Provided always, power to and it is hereby agreed and declared, that in case the said tobuy^*"^ C. D., his heirs or assigns, shall at any time during the life of fSnuit^to the said A. B., purchase in the name of the said A. B., from the Commissioners for the Reduction of the National Debt, a government annuity of £ for the life of the said A. B., so that the first half-yearly payment of such government annuity shall be made within six calendar months after the quarterly day of payment of the yearly rent-charge hereby secured last preceding the day of the purchase of such govern - Digitized by Microsoft® 392 PURCHASE DEEDS, CONVEWNOE IN CUN- SIDERATION OF ANNUITY, WITH FULLER POWERS, AND POWER TO SUBSTITUTE GOVERN- MENT ANNUITY. ment annuity, and in case the said 0. D., his heirs or assigns, shall on the purchase of such government annuity have paid up all arrears of the yeai'ly rent-charge hereby created up to and including the last-mentioned quarterly day, and all costs, charges, and expenses due in respect of the same yearly rent- charge, then and in such case the said A. B. ■will accept the government annuity so to be purchased in lieu of and sub- stitution for the said yearly rent-charge, and thereupon the said rent-charge, and the said term of 1000 years, and all and singular the trusts, powers, and provisions herein declared and contained for securing and enforcing payment of the same shall cease, and the said C. D., his heirs and assigns, shall thenceforth be seised in possession of the said hereditaments and premises freed and discharged from the said yearly rent-charge, and the said term of 1000 years and the trusts thereof, and from aU and singular other the trusts, powers, and provisions herein contained for securing and enforcing payment of the same yearly rent- charge and every of them. In witness, &c. No. XCIII. CONVEYANCE IN CON- aiDEBATION OF ANNUITY FOR LIVES * OF VENDOR AND WIFE, SUC- CESSIVELY, SECURED BY BOND. Parties. Recite agreement for sale in considera- tion of annuity. Bond to secure annuity. CONVEYANCE of Freeholds to a Purchaser in Consideration of an Annuity payable to the • Vendor and his Wife successively for life and secured by the Purchaser's Bond. THIS INDENTURE, made the day of , Between A. B. of, &c. (vendor), of the one part, and C. D. of, &c. (pur- chaser), of the other part : Whereas the said A. B. has agreed with the said C. D. for the absolute sale to him of the here- ditaments intended to be hereby granted, and the inheritance thereof in fee simple in possession, free from incumbrances, in consideration of an annuity of £100 to be paid by the said C. D. to the said A. B. during his life, and after his death to E. B. his wife, if she shall survive him, during her life, and to be secured by the bond of the said C. D. : And whereas immediately before the execution of these presents, the said G. D. has executed to the said A. B. his bond in a sufificient Digitized by Microsoft® PUKCHASE DEEDS. 393 penalty, bearing even date with these presents, subject to a ^fj^^^*""^ condition thereunder written for making void the same upon oyiSiroiTT payment by the said C. D., his heirs, executors, or administra- of'VendoI tors, of an annuity of £100 to the said A. B. and his assigns during his life, and after his decease to the said E. B., if she shall survive the said A. B., during her life, and to be paid half- yearly at the times therein mentioned : NOW THIS INDEN- witnessing TURE WITNESSETH, that in pursuance of the said agree- considera- ment, and in consideration of the annuity of £100, secured bv *'™' I'll! c-ii Vendor the said bond as aforesaid, the said A. B. doth hereby grant, conveys to JO' purchaser &c. {Grant of freeholds to C. D., with covenants for title, supra '° '^«- OF VENDOR AND WIFE, SUC- CESSIVELY, SECDRED BY BOND. pp. 218, 219, to the end.) In witness, &c. Copyholds. y of , Between No. XCIV. DEED of Enfranchisement THIS INDENTURE, made the of -da ENFKAN- CHISEMKNT OP COPYHOLDS. A. B. of, &c. (lord of the manor), of the one part, and C. D. of, &c. {copyholder), of the other part: Whereas G. H, latejedt*^^ of, &c., being seised of, or otherwise well entitled to (amongst j^'^ts^fo other hereditaments) the manor of E., with the appurten- ^""^'*- ances, for an estate of inheritance in fee simple, duly made his last wiU and testament in writing, dated the day of , and thereby devised all his manors, &c., in the county of , with their appurtenances, unto and to the use of the said A. B., his heirs and assigns (Recite testator's death) : And whereas, at a general court baron holden for the said manor of E, on or about the day of , the said C. D. was duly admitted to the hereditaments hereinafter de- Admittance . . of copy- scribed, and intended to be hereby enfranchised, to hold the holder. same to him, his heirs and assigns, at the will of the lord, accord- ing to the custom of the said manor : And whereas the said ^fentaS* C. D. hath agreed with the said A. B. for the enfranchisement of <=i"=™™'- the hereditaments hereinafter described, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursu- considera- ance of the said agreement, and in consideration of the sum of *'""' £ to the said A. B., paid by the said C. D., on or imme- Digitized by Microsoft® 394 PURCHASE DEEDS. ENFRAN- CHISEMENT parcels. enjoyment. diately before the execution of these presents {the receipt whereof, dc.), the said A. B. doth hereby enfranchise and grant unto the Lord enfran- ^^^^ ^' -^' ^^^ ^^^ helrs, All, &c. ( parcels, general words, and «i"s«s (j^ii fiig estate, dc.) : To have and to hold the hereditaments and premises hereby enfranchised and granted, or expressed so to be, unto and to the use of the said 0. D., his heirs and assigns, for ever, as freehold, freed and discharged from all rents, fines, heriots, suits, and services, and other incidents of copy- covenant hold tenure : And the said A. B. doth hereby, for himself, his heirs, executors, and administrators, covenant with the said for right to C. D., his heirs and assigns, That notwithstanding any act, deed, or thing by the said A. B. or the said G. H., deceased, done or executed, or knowingly suffered to the contrary, he the said A. B. now hath good right to enfranchise and grant the hereditaments and premises hereby enfranchised and granted, or expressed so to be, unto and to the use of the said C. D., his heirs and assigns, in manner aforesaid : And that the said C. D., his heirs and assigns, shall and may at all times hereafter for quiet peaceably and quietly possess and enjoy the said hereditaments and premises, and receive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand whatsoever, from or by the said A. B., or any person or persons lawfully or equitably claiming from, under, or in trust for him, or from or freedom under -the said G. H., deceased : And that free from all incum- from incum- brances, brances whatsoever made or suffered by the said A. B., or by the said G. H., deceased, or any person or persons lawfully or and for equitably claiming as aforesaid : And also that he the said assurance. A. B., and all Other persons having or lawfully or equitably claiming any estate or interest in the said hereditaments and premises from, under, or in trust for the said A. B., or from or under the said G. H., deceased, shall and will from time to time, and at all times hereafter, at the request and cost of the said 0. D., his heirs or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things for more effectually enfranchising the said hereditaments and premises and every part thereof, unto and to the use of the said C. D., his Grant by hoirs .or assigns, as shall or may be reasonably required : AND SSie ^^^^ INDENTURE ALSO WITNESSETH, that for the rigiits. considerations aforesaid, the said A. B. doth hereby grant unto the said C. D. and his heirs. All such commonage and right of common in, upon, and over the respective waste and common- able lands of the said manor of , as the said C. D., or any Digitized by Microsoft® PURCHASE DEEDS, 395 ENFRAN- CHISEMENT COPTHOLDS. person or persons through whom he claims, held, enjoyed, or was entitled to in respect of and as appurtenant to the said heredita- ments and premises hereby enfranchised, or any of them, and the freehold and inheritance of such commonable rights as afore- said in like manner as the said C. D., or his customary heirs, could have used or exercised the same if the said premises had not been enfranchised. To HOLD the same unto and to the use To grantee. of the said C. D., his heirs and assigns. In witness, &c. No. XCV. DEED of Enfranchisement hy Ecclesiastical Commis- sioners of Copyholds for lives. ENFRAN- CHISEMENT OF . COPYHOLDa FOR LIVES. THIS INDENTURE, made the day of , Between j,^^^^^ the Ecclesiastical Commissioners for England, of the one part, and A. B. of, &c. {copyholder), of the other part : Whereas at Re«|te grant a court holden in and for the manor of , in the county ^""^ ™^' *° of , the Dean and Chapter of the Cathedral Church of"^^^. , at , lords of the said manor, granted unto the said A. B. {■parcels as described in Court Rolls), To hold the same unto the said A. B. and his heirs for and during the lives of , and the lives and life of the longest livers and liver of them, at and under the yearly rent of £ , and the heriots, suits, and services therefor due and of right accustomed, and the said A. B. was thereupon admitted tenant to the said pre- mises : And whereas under or by virtue of the several Acts of Parliament relating to the Ecclesiastical Commissioners for gJ^'J" England and an Order of Her present Majesty in Council, dated *™"|tJ5^''^ the day of , and published in the London Gazette on ^^^^. the day of , ratifying a scheme of the Ecclesiastical m^sionera'. Commissioners recited in the said order. All the manors, lands, tithes, tenements, and hereditaments which then belonged either in possession or reversion to the said Dean and Chapter (with certain exceptions not affecting the said manor of ) became vested in the said Ecclesiastical Commissioners : And whereas ^oSncii" by an Order of Her Majesty in Council, dated, &c., and pub- Se^M-"^ lished, &c. {Recite Order in Council authorising Ecclesiastical ^l^^l Digitized by Microsoft® 396 PURCHASE DEEDS. ENFRAN- CHISEMENT COFYHOLDS FOB LIVES. Commissioners to dispose of the property vested in them under previous order) : And whereas the said Ecclesiastical Com- missioners have agreed with the said A. B. for the enfranchise- propMtT" "' "^ent and sale to him of the hereditaments hereinafter described Agreement (being the hereditaments comprised in the said grant by copy chisTmS" of Court Roll), at the price of £ : -NOW THIS INDEN- and sale. ___ Witnessing TURE WITNESSETH, that in pursuance of the said agree- ''*'*■ ment, and in consideration of the sum of £ , on or before Considera- tion, the execution of these presents paid by the said A. B. into the Bank of England, to the credit of the said Ecclesiastical Com- missioners, as appointed by them in that behalf (the receipt whereof is testified by the memorandum indorsed hereon, and the payment whereof the Ecclesiastical Commissioners do hereby ica'''com- S'Cknowledge), they the said Ecclesiastical Commissioners do Srfranchlae hereby enfranchise and grant unto the said A. B. and his heirs, parcels, ^^L, &c. (parcels by reference to a schedule, general words, copyhower "''"^ *'^ '^'^^ estate, dc.) : To have and to hold the heredita- in tee. ments and premises hereby enfranchised and granted, or ex- pressed so to be, unto and to thg use of the said A. B., his heirs and assigns, as freehold, henceforth and for ever freed and dis- charged from all rents, heriots, fines, suits, services, and other Covenant incidents of copyhold tenure : AND THE SAID Ecclesiastical aJticafcom- Commissionors do hereby, for themselves and their successors, that they Covenant with the said A. B,, his heirs and assigns, that they no act the said Ecclesiastical Commissioners have nat at any time done they are Or executed, or knowingly suffered, any act, deed, or thinff. prevented i i i i p - , . . from en- whereby they are prevented from enfranchismg and granting the hereditaments and premises hereby enfranchised and granted, or expressed so to be, unto and to the use of the said A. B., his heirs and assigns, in manner aforesaid. In witness whereof the said Ecclesiastical Commissioners have hereunto set their common seal the day and year first above- written. The Schedule referred to in the above-written Indenture. Digitized by Microsoft® PDKCHASE DEEDS. 397 No. XCVI. DEED of Enfranchisement of Copyholds for lives enfkah- CHISEMENT hu the Rector of a Parish with the consent of the ^'hebe •^ ■' CESTDia QUE Ecclesiastical Commissioners and the Patron '"^ *»^ TENANTS. under 24 d 25 Fict c. 105, w/iere i/ie cestuis que vie are the tenants on the Court Rolls, as Trus- tees /or the BENEFICIAL owner (a). THIS INDENTURE, made the day of , Between Parties. the Reverend A. B., rector of , and as such rector lord of the manor of the rectory of , of the first part, the Eccle- siaf.tical Commissioners for England of the second part, C. D. of, &c., the patron of the said rectory, of the third part, and E. F. of, &c. (copyholder), of the fourth part : Whereas at a court Recite grant holden in and for the said manor on the day of , 18 — , in reveraion^ the lord of the said manor granted in reversion to L. M. of, &c., tor'imoyin then aged, &c., the lands and hereditaments hereinafter de- for equitawe owner scribed and intended to be hereby enfranchised and granted with their appurtenances, To hold the same unto the said L. M. for his life from and after the deaths, surrenders, or forfeitures of X. and Y. respectively, In trust nevertheless for the said E. F., his heirs and assigns, at and under the yearly rent of £ , and the heriots, suits, and services therefor due and of right accus- tomed : And whereas at a court holden in and for the said Further manor on the day of , 18 — , the homage presented uvea in the deaths of the said X. and Y., and thereupon the lord of the death or said manor granted to N. 0. of, &c., then aged, &c., and P. Q. ii™s. of, &c., then aged, &c., the said lands and hereditaments, To hold the same unto the said N. 0. and P. Q. from and after the death, surrender, or forfeiture of the said L. M. during their lives and the life of the longest liver of them, upon trust never- theless for the said E. F., his heirs and assigns, at and under the said yearly rent of £ , and the heriots, suits, and services therefor due and of right accustomed : And whereas the said A. B., as the rector of , is now the lord of the manor of (a) See stat. 21 & 22 Vict. c. 57, conferring powers on Ecclesiastical Cor- porations, with certain exceptions, and with approval of Ecclesiastical Com- missioners, and also with certain consents to sell, &c. Digitized by Microsoft® 398 Purchase deeds. cHrasMmfT the rectory of , and the said C. D. is the patron of the ci:sTu™«uE said rectory ; And WHEREAS it has been made to appear to TENAHm the satisfaction of the Ecclesiastical Commissioners for England That the that the lands and hereditaments hereinafter described may, to rector is e ^-^^ permanent advantage of the estate or endowment belonging SifaT'"' *° ^^^^ rectory, be enfranchised and sold for the sum and in commis- manner hereinafter mentioned : And whereas three months' sioners are thatft ?s for ^^otice in writing of such proposed enfranchisement and sale has t^c°rfthe ^^^^ given to the Right Reverend the Lord Bishop of , in enfrSifae. whose diocose the said rectory is situate : And whereas under That notice the powers enabling him in this behalf contained in the flag TlAATI given to the Act of Parliament passed, &c., and intituled, &c. (a), and of Agreement the scvcral Acts therein referred to, the said A. B., with the wJthocm- approval of the said Ecclesiastical Commissioners testified as cjesiMticai hereinafter is mentioned, and also with the consent and approval sioners and of the Said C. D. as the patron of the said rectory, hath agreed enftmoMse. with the Said E. F. for the enfranchisement and sale of the lands and hereditaments hereinafter described for the sum of £ : NOW THIS INDENTURE WITNESSETH, that in pursu- considera- anco of the Said agreement in this behalf and in consideration of the sum of £ , on or before the execution of these presents, paid by the said A. B. into the Bank of England, to the account of the Ecclesiastical Commissioners for England, by their direc- tion (the payment of which sum is testified by the memorandum indorsed hereon and signed by the treasurers of the said Eccle- The rector, siastical Commissioners), he the said A. B. doth by these pre- sents in pursuance and execution of the power enabling him contained in the above-mentioned Act, and of all other withsnoh powers (if any) enabling him in this behalf, and with the approvafas consout and approval of the said Ecclesiastical Commissioners a oresai , ^^ggt-jggjj ]jy their being parties to and executing these pre- sents), and also with the consent and approval of the said C. D. as the patron of the said rectory, testified by his enfranchises being a party to and executing these presents, enfranchise, parcels gj-ant, and convey unto the said E. F. and his heirs, All, &c. {parcels, general words, and the reversion, dec) : To have and to grantee TO HOLD the hereditaments and premises hereby enfranchised, cestuisV? granted, and conveyed, or expressed so to be, unto the said E. F. ™e^iu °"^ and his heirs, To the use of the said L. M., N. 0., and P. Q., for trustforthe -, i • ,i • i_* t • . «. equitable and durmg tneir respective lives in succession according to the order and course of their names in the several copyhold grants (a) 24 & 25 Vict. c. 105. Digitized by Microsoft® PURCHASE DEEDS. 399 hereinbefore recited. Nevertheless in trust for the said E. F., his enfran- ' ' CH18EMENT heirs and assigns, and to be surrendered or conveyed as he or oESTma'^uE they shall direct (h), And from and after the death of the last ^^^^^ survivor of them the said L. M., N. 0., and P. Q., To the use of ~TT ' ' ^^ ' aud after the said E. F., his heirs and assigns, for ever, To the intent that 3^^°"'^° immediately upon the execution of these presents, the copyhold ^'"Jjf ^"/ tenure of the said premises, and all rents, fines, heriots, suits, "^"'jj^'^ services, and rights incident thereto, may be extinguished. '^ {Covenant by A. B. with E. F. that he has done no act whereby intent that he is prevented from enfranchising and granting, supra, tenancy p. 396.) gSlshe™" In witness, &c. No. XCVII. CHI8EMENT DEED of Enfranchisement of Copyholds for Lives ^nfran- under similar circumstances as last Precedent. (Afiother form.) COPY HOLDS FOR LIVES. [Another THIS INDENTURE (same parties and recitals as in last ^!^ Precedent) : And whereas it has been arranged that the said Recite enfranchisement and sale shall be carried into effect in manner howmimn- following (that is to say), that the said L. M., N. O., and P. Q. ahouidbe shall in the first place surrender the said hereditaments to the effect. said A. B. as lord of the said manor, so as to extinguish the copyhold tenure thereof, and that thereupon the said A. B. shall grant the same hereditaments as freehold to the use of the said E. F., his heirs and assigns, in the manner hereinafter expressed : And whereas in part pursuance of the said arrangement the surrender said L. M., N. 0., and P. Q. have by the direction of the said copyhow" E. F., and before the execution of these presents, surrendered be extin- into the hands of the said A. B., as lord of the said manor out of court, the hereditaments hereinafter described with their appurtenances, To the intent that the copyhold tenure thereof may be extinguished: NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said agreement in this behalf, and in consideration, &c. (as in last Precedent), He the (b) It will lie observed that under an enfranchisement taken in this form the legal estate will be vested in the old cestui que vie during their lives, which legal estate will have to be got in by a separate deed. Digitized by Microsoft® 400 PURCHASE DEEDS. ENFRAN- CHISEMENT OF COPYHOLDS FOR LIVES. {Anotker Form.] Lord, -with the consent of the Ec- clesiastical Commis- sioners and patron, grants parcels to purchaser. said A. B. doth by these presents, in pursuance, &c., and with the consent, &c. (as in last Precedent), grant and convey unto the said E. F. and his heirs (parcels— general words): To HAVE AND TO HOLD the hereditaments and premises hereby granted and conveyed, or expressed so to be, unto and to the use of the said E. F,, his heirs and assigns, for ever. (Covenant hy A. B. that he has done no act whereby he is prevented from granting t supra, p. 396.) In witness, &c. RELEASE OF EXECUTORY DEVISE. Becite will devising lands to purchaser in fee, but in case he should die without leaving issue, to the vendor. Agreement for pur- chase. Release of parcels. No. XCVIII. EELEASE of an Executory Devise to the Owner of the First Estate. THIS INDENTURE, made, &c.. Between A. B. of, &c. (re- leasor), of the one part, and C. D. of, &c. (releasee), of the other part: Whereas G. H., late of, &c., duly made his -will, dated, &c., and thereby devised all his estates, lands, and hereditaments, situate, &c., unto and to the use of the said C. D., his heirs and assigns, for ever ; but in case the said C. D. should die with- out leaving lawful issue living at his decease, then, by way of substitution of the said use, the said testator devised his estates, lands, and hereditaments unto and to the use of the said A. B., his heirs and assigns, for ever (Death of G. H., without having revoked or altered his said will, and probate thereof) : Ajtd WHEREAS the said C. D. hath agreed with the said A. B. for the absolute purchase of all the interest of the said A. B. in the said estates, lands, and hereditaments at aforesaid, devised by the said recited will of the said G. H. to the uses and in manner aforesaid, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c. (the receipt, dc.), he the said A. B. doth hereby release and confirm unto the said C. D. and his heirs, All and singular the estates, lands, heredita- ments and premises at aforesaid, so devised by the said will of the said G. H. to the uses and in manner aforesaid, with their and every of their rights, members, and appurte-" nances (and all the estate, djc.) : To HAVE AND TO hold the premises hereby released, or expressed so to be, unto and to the Digitized by Microsoft® PURCHASE DEEDS. 401 RELEASE OF EXEOUTORY DEVISE. use of the said C. D., his heirs and assigns, for ever, To the intent that he and they may hold, retain, and enjoy the same, free from the aforesaid executory devise or limitation over to char""in fee the said A. B., and from all other claims and demands what- exe'cutoi^ soever of him the said A. B., his heirs or assigns, in respect ''''™*' thereof. (Covenants by A. B. that he has good right to release the said -premises to the said C. D., his heirs and assigns, in manner aforesaid, free from incumbrances, and for further assurance.) In witness, &c. No. XCIX. GRANT of the BENEriT of an Executory Devise to a Purchaser (a). GRANT OF AN EXEOOTORY DEVISE TO A PURCHASER. THIS INDENTURE, made, &c., Between A.B. of, &c. (vendor), of the one part, and C. D. of, &c. (purchaser), of the other ^'"'"°'- part : Whereas (Recite will creating executory devise and Recite wui ./ c creating death of testator and probate of his will, see supra, p. 400) : executory And whereas the said A. B. hath agreed with the said C. D. Agreement for the absolute sale to him of all the estate, right, and interest '°'^^"- of the said A. B., under or by virtue of the said recited will, in and to the hereditaments hereinafter described and intended to be hereby granted (which hereditaments form part of the real estate so devised by the said recited will as aforesaid), and in and to the appurtenances, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c. (the receipt, dtc), He the said A. B. doth hereby grant unto the said C. D. and his So) By the 6tli section of the 8 & 9 Vict. c. 106, all contingent, exeoutoiy contingent I- future iaterests in tenements or hereditaments of any tenure are dis- estates. posable by deed. The 8th section of the same Act provides that a contingent remainder Contingent shall not be defeated by the forfeiture, surrender, or merger of the preced- remaindeis. ing estate of freehold ; so that as to contingent remainders created tiefore the passing of the 40 & 41 Vict. c. 33, its failure depends on the particular estate of freehold naturallj' determining during the contingency, or on the non-happening of the contingent event. But it is provided by the last- mentioned Act, that every contingent remainder created after the passing of that Act, shall, in the event of the particular estate determining before the contingent remainder vests, be capable of taking effect as u it had originally been created as a springing or shifting use or executory devise or other executory limitation. Digitized by Microsoft® 402 PURCHASE DEEDS. GRANT OF AN EXECUTOJRY DEVISE TO A PURCHASER. Vendor grants all his estate and interest in the here- ditaments imder will. Covenant by vendor for right to grant free from incum- brances. And for further assurance heirs, All the estate, right, and interest of him the said A. B., under or by virtue of the said recited will in and to the here- ditaments hereinafter described, namely : All, &c. {here describe parcels), and in and to all and singular their rights, members, and appurtenances : To have AND TO HOLD the same unto and to the use of the said C. D., his heirs and assigns, for ever : And THE SAID A. B. doth hereby, for himself, his heirs, executors, and administrators, covenant with the said C. D., his heirs and assigns. That he the said A. B. now hath good right to grant the premises unto and to the use of the said C. D., his heirs and assigns, in manner aforesaid : And that free from incum- brances : And fuether {Covenant by A. B. for further assurance) . In witness, &c. No. 0. GRANT OF FREEHOLDS AND DE- CLARATION OF TRUST OF COPYHOLDS BY TRUSTEE. Recite purchase of freeholds and copy- ■ holds ill the name of a trustee Agreement to execute assurance and decla- ration of trust. Grant of freeholds to company GRANT of Feeeholds and Declaration of Trust of Copyholds, which had been Pueghased in the Name of a Teustee /or a Company {by Indoesement). THIS INDENTURE, made, &c.. Between the within-named A. B. of the one part, and the Company of the other part : Whereas the freehold and copyhold hereditaments com- prised in the within-written indenture, were purchased by the said A. B. as agent for and on account of the said Company, and the within-mentioned purchase-money of £ was paid by the said A. B. out of the proper monies of the said Company : And whereas, at the request of the said Company, the said A. B. hath agreed to execute to the said Company such assurance of the said freehold hereditaments, and to execute such declaration of trust as to the said copyhold hereditaments, as are hereinafter contained : NOW THIS INDENTURE WITNESSETH, that in pur- suance of the aforesaid agreement, and in consideration of the premises, he the said A. B. doth hereby grant unto the said Company, their successors and assigns, All and sin- gular the freehold messuages, lands, hereditaments, and pre- mises comprised in and assured by the within-written indentui-e. Digitized by Microsoft® PURCHASE DEEDS. 403 or expressed so to be : And all the estate, &c. : To have °^"^ °^ AND TO HOLD the hereditaments and premises hereby eranted and™^^ „_ J , 1 1 J & "J CLABATIOS or expressed so to be, unto and to the use of the said "^ '"'trsT o*' Company, their successors and assigns, for ever (Covenant by ""' ™"^™'^- A. B. against incumbrances) : AND THIS INDENTURE declaration ALSO WITNESSETH, that in further pursuance of the afore- S^'' said agreement, and in consideration of the premises, it is hereby declared that the said A. B., his heirs and assigns, do and shall henceforth stand seised of and interested in all and singular the copyhold hereditaments and premises in the within- written indenture recited to have been surrendered to the use of the said A B., as within is mentioned, In trust for the said Company, their successors and assigns, for ever. In witness, &c. No. CI. EXCHANGE of a Piece of Land for a Dwelling- kxchakqe HOUSE effected by Separate Mutual Convey- ""otn-"'"' / V VEYANCES. ANCES {a). ■ THIS INDENTURE, made the day of , Between A. B. of, &c. (vendor), of the first part, and C. D. of, &c. (pur- (o) It will be observed that the arrangement is cai-ried out by two instru- Proper fonn ments. If only one deed were prepared for the purpose, such deed must °''P"™'e be executed in duplicate, or one of the parties must have its custody, "'"''"'"e^- and the other party must be satisfied with a covenant for its production at his own expense. There is no advantage in the arrangement taking the form of a common-law exchange, and before the 8 & 9 Vict. c. 106, such form was objectionable from its making the title to the property given in exchange essential to the title to the property taken in exchange. By the 4th section of the Act above referred to, it is provided that an exchange or partition of any tenements or hereditaments made by deed shall not imply any condition in law. In cases where it may be difficult to carry into effect an exchange of cor- Exchanges poreal or incorporeal hereditaments by private agreement, the same may be P"|«i' the effected by the application in writing of the persons interested according to Acts"^™^" the definition contained in the 8 & 9 Vict. c. 118, ss. 16 — 21, to the Inclosure Commissioners of England and Wales, who are invested with several statu- tory powers for this purpose. (See 8 & 9 Vict. c. 118, s. 147 ; 9 & 10 Vict. 0. 70, ss. 9, 10, 11 ; 10 & 11 Viet. c. Ill, ss. 4, 6 ; 12 & 13 Vict. c. 83. ss. 7, 11 ; 15 & 16 Vict. 0. 79, ss. 17, 31, 32 ; 17 & 18 Vict. c. 97, s. 5 ; 20 & 21 Vict. c. 31, ss. 4—11; 22 & 23 Vict. c. 43, ss. 10, 11 ; 31 & 32 Vict. c. 89.) The exchange is perfected by an order of and imder the hands and seal of the commissioners, so that no conveyance is necessary ; and it is pro- D D 2 Digitized by Microsoft® 404 PURCHASE DEEDS. EXCHANGE BY MDTUAL ' CON- VEYANCES. chaser), of the other part : Whereas the said A. B. is now seised of the hereditaments comprised in the first schedule Seisin of hereto for an estate of inheritance in fee simple in possession, K^-"^ free from incumbrances : AND WHEREAS the said C. D. {Recite comS'risS seisin in fee of C. D. to the hereditaments comprised in the 'sch^duil^* second schedule) : And whereas it hath lately been arranged Seisin of and agreed between the several parties hereto that the said grantee as «= ^ dit^mts -^-B. should convcj the hereditaments comprised in the said fn^e"^^* first schedule, and the inheritance thereof in fee simple in pos- sohedie session, unto and to the use of the said C. D., his heirs and Agreement assigus, in Consideration of the said C. D. conveying the here* heiedita- ditaments comprised in the said second schedule, and the in- the first heritance thereof in fee simple in possession, unto and to the considera- usc of the Said A. B., liis heirs and assigns : And whereas, tlonofhere- ' ,. i p • T ditaments pursuant to and m part performance of the aforesaid agree- second ments, by an indenture bearing even date with these presents, Indenture and made between the said C. D. of the one part, and the said conveying A. B. of the Other part, the hereditaments comprised in the ments in secoud Schedule hereto have been conveyed by the said C. D. schedule to unto and to the use of the said A. B., his heirs and assigns, as ™"'^'"' he. the said A. B. doth hereby acknowledge : NOW THIS IN- DENTURE WITNESSETH, that in pursuance of the afore- Grantof said agreement, and in consideration of the premises {Grant by ments in ^, jj^ qf fjig hereditaments comprised in the first schedule schedule to kgreto {general words, and all the estate, dc), unto and to the use of G. D., his heirs and assigns, — Govenant by A. B.for right to grant— for quiet enjoyment — free from incumbrances, and for further assurance. Supra, pp. 218, 219). In witness, &c. The First Schedule referred to in the above-written Indenture. The Second Schedule' referred to in the above-written Indenture. vided that the land taken upon every such exchange shall enute to, tlpon and for the same uses, trusts, and purposes, and subject to the same 'condi- tions, charges, and incumbrances, as the lands given in such exchange would have stood limited, or been subject to, in case such order had not been made. (See 8 & 9 Vict. c. 118, s. 147.) The 4th section of the 10 & 11 Vict. c. Ill, provides that exchanges of lands may be made excepting or reserving the mines or minerals, together with the rights and easements connected with such mines, and (whether such mines and minerals shall or shall not be reserved,) such rights of way and other easements as the parties to the application may have agreed on ; and the 6th section of the same Digitized by Microsoft® PURCHASE DEEDS. 405 No. CII. OF niGHT OP WAY. GRANT of a Right of Way (a). grast THIS INDENTURE, made, &c.. Between A. B. of, &c. [grantor) of the one part, and C. D. of, &c. (grantee), of the other part : WITNESSETH, that in consideration, &c. {the receipt, <&c.), The said A. B. doth hereby grant unto the said 0. D., his heirs and assigns, Full and free right and liberty O"'""' "' r J r-i'i/ii-i right of way ot way and passage, tor himself and themselves, and his and their tenants and servants, and others authorised by him or them, with or without horses, carts, and carriages of all de- scriptions, over and along a road leading from the turn- pike road to a piece of land of the said C. D., situate in the parish of , in the county of , delineated and coloured pink in the map drawn in the margin of these presents, being part of the farm known as farm, through certain pieces of land of the said A. B., situate in the said parish, delineated and coloured green on the said map, and the course of which road is shown on the said map by a dotted line between the points marked A and B thereon : To hold the said right of *» purchaser in fee way unto and to the use of tlie said C. D., his heirs and assigns, owners for the time being- of the piece of land coloured pink on the said map, for all purposes connected with the use, occupation and enjoyment of the said piece of land, and of the farm and lands of the said C. D. adjoining thereto and accessible through the same by means of the said road : And the said covenant by vendor Act empowers the Commissioners, with the consent of the lord of the manor and the parties taking copyhold lands in exchange, to declare that the same shall be held as freehold on such terms as may be agreed upon between the * parties. By the 11 & 12 Vict. c. 99, ss. 13, 14, the provisions of the 8 & 9 Vict. Partitions c. 118 ; 9 & 10 Vict. c. 70 ; and 10 & 11 Vict. c. Ill, as to exchanges of H'}^clo*s1rre lands not subject to be enclosed, are extended to pariilions ; and the 10th Acts." and 11th sees, of the 22 & 23 Vict, c. 43, provide that lessees need not join in the application for partition, and that the provisions as to notice of dissent shall not apply where the application is made by two-thirds in value of the persons interested in the land or other subject-matter of partition. (a) Rights of way are either in gross or appurtenant. A right of way in gross ca,nnot be assigned ; a right of way appurtenant to any particular land must be connected with the use and enjoyment of that land, and cannot be granted for purposes wholly uncoiinetled with it : Ackroyd r. Smith, 19 L. J. C. P. 315 ; see also Thorpe v. Brumfitt, L. E. 8 Ch. 850. Digitized by Microsoft® 406 PDRCHASE DEEDS. oj, °™ oj. A. B. doth hereby for himself, his heirs, executors and admi- WAY. for riglit to grant, for quiet enjoyment. and for further assurance. . nistrators, covenant with the said 0. D., his heirs and assigns. That notwithstanding any thing by him the said A. B., or any of his ancestors, done or knowingly suffered to the contrary, he the said A. B. now hath good right to grant the said' right of way in manner aforesaid : And that the said C. D., his heirs and assigns, owners for the time being as aforesaid, shall and may at all times hereafter peaceably and quietly use and enjoy the said right without any lawful eviction, interruption, or dis- turbance whatsoever, of, from, or by the said A. B., or any person or persons lawfully or equitably claiming from or under him, or any of his ancestors : And FURTHER, that the said A. B., and all other persons lawfully or equitably clainding as aforesaid, shall and will at all times hereafter, upon the request and at the cost of the said C. D., his heirs or assigns, owners for the time being as aforesaid, do and execute, or cause to be done and executed, such acts, things, and assurances for the further and more effectually assuring the said right of way, unto and to the use of the said C. D., his heirs and assigns, in manner aforesaid as shall or may be reasonably required : And also that it shall be lawful for the said C. D., his heirs and assigns, owners for the time being as aforesaid, from time to time, and at all times here- after, to repair and amend the said road, the right of way over which is hereinbefore granted, in order that the said road naay be kept in good repair and condition, and that the same be at all times fit and proper for answering the purposes intended by these presents (6) : Provided always, that if the said A. B., his heirs or assigns, owners of the land traversed by the said road, shall use the same, then and in such case he or they shall contribute a fair and reasonable proportion of the cost of keeping the same in repair, and if any difference shall arise as to the amount which ought to be so contributed, the same shall be referred to two arbitrators, one to be appointed by each party, and such reference shall be deemed an arbitration within the " Common Law Procedure Act, 1854." In WITNESS, &c. (6) The grantee of a right of way is under no oUigation to repair the road ; but if he wishes to use it, he must do so. Per Coleridge .T in Duncan v. Louch, 14 L. J. Q. B. 187. ^oieriage, j., m Digitized by Microsoft® PURCHASE DEEDS. 407 No. cm. CONVEYANCE of Freeholds and a Eight of Way "■' over OTHER Land. *»■> right OF Way THIS INDENTURE, made the day of , Between "'"^X""" A. B. of, &c. {vendor), of the one part, and C. D. of, &c. ( pur- I'^rt'es- chaser), of the other part : Whereas the said A. B. has agreed Agreement with the said C. D. for the absolute sale to him of the heredita- ments intended to be hereby granted, and the inheritance thereof in fee simple in possession, free from incumbrances, at the price of £ ■ : NOW THIS INDENTURE WITNESS- ETH, that in pursuance of the said agreement, and in con- Conaidera- sideration of the sum of £ to the said A. B., paid by the said C. D., on or before the execution of these presents {the receipt, dc), The said A. B. doth hereby grant unto the said JanteVnds C. D. and his heirs : First, all, &c. {parcels, general words, ^yofer "' and all the estate, &c.) : And secondly, full and free """^ ™* eight, and liberty, and licence for the said C. D., his heirs and assigns, owners for the time being of the hereditaments firstly hereby granted, or expressed so to be, and his or their tenants and servants, and all other persons authorised in that behalf by him or them, from time to time, and at all times hereafter at his and their will and pleasure, for all purposes connected with the use and enjoyment of the said hereditaments, to go, return, pass and repass, with or without horses, cattle, and other animals, carts, waggons, and carriages, in, along, and over the roadway now making in and through the piece of land situate, &c., formerly known as , and now known as , and the site and course of which roadway is shown in the plan endorsed on these presents, and therein coloured : To have and \° puroiiasoi- '^ . . m fee. TO HOLD the hereditaments and premises hereby granted, or expressed so to be, unto and to the use of the said C. D., his heirs and assigns for ever : And it is hereby declared that the right of way secondly hereinbefore granted, shall be used and enjoyed by the said C. D., his heirs and assigns, in common with the said A. B., his heirs and assigns, and the expense of keeping the said road in repair shall be borne by the said Digitized by Microsoft® 408 PURCHASE DEEDS. -OF FREEHOLDS AND BIGHT OF WAY OVER OTHER LAND. C. D., his heirs and assigns, and the said A. B., his heirs and assigns, in equal moieties (a)., {Covenants for title by A, B,) In witness, &c. OP FREE- HOLDS TO PURCHASER, WHO COVE- NANTS NOT TO BTTILD, ETC. Agreement for sale. No. CIV. CONVEYANCE of Freeholds to a Puechasee, who Covenants not to Build or to allow any Trees or Shrubs to exceed a certain height. THIS INDENTURE, made the day of Between Considera- tion, Vendor grants here- ditaments to purchaser in fee. Covenant l>y purchaser not to huild on the land or to allow trees, &c. to grow beyond a certain height A. B. of, &c. {vendor), of the one part, and C. D. of, &c. {fur- chaser), of the other part : Whereas the said A. B. hath agreed with the said C. D. for the absolute sale to him of the here- ditaments intended to be hereby granted, and the inheritance thereof in fee simple in possession, in consideration of the sum of £ , and in consideration of the said C. D. entering into the covenants hereinafter on his part contained : NOW THIS IN- DENTURE WITNESSETH, that in pursuance of the aforesaid agreement, and in consideration, &c. (fhe receipt, dtc), and in consideration of the covenants on the part of the said C. D. hereinafter contained. The said A. B. doth hereby grant unto the said C. D. and his heirs, All, &c. {parcels, general words, and all the estate, dc), To have and to hold the heredita- ments and premises hereby granted, or expressed so to be, unto and to the use of the said C. D., his heirs and assigns for ever {Covenants for title, see supra, p. 219) : And in pursuance of the aforesaid agreement in this behalf, the said C. D. to the intent that the burden of this covenant may run with the land hereby granted, doth hereby for himself, his heirs, exe- cutors, administrators, and assigns, covenant with the said A. B., his heirs, executors, administrators, and assigns, that he the said C. D., his heirs or assigns, will not at any time hereafter erect or permit to be erected any building or wall (6) on the (a) It seems desiralDle to state in the deed who is to keep the road in repair. This will of course depend on the parties who are to use it, and on what may happen under the circumstances to be the most convenient arrangement. (6) See Bowes v. Law, L. R. 9 Ec^. 636. Digitized by Microsoft® PURCHASE DEEDS. 409 said piece or parcel of land hei'eby granted or expressed so to be, or any part thereof, and will not at any time hereafter permit any trees or shrubs for the time being growing in or upon the said piece or parcel of land to exceed ten feet in height from the ground, having regard always to the present level of the said piece or parcel of land, and will at all times, by cutting the same or otherwise, prevent such trees and shrubs from exceeding the aforesaid height. In witness, &c. OF FREE- HOLDS TO PURCHASER, WHO COVE- NANTS NOT TO BUILD, ETC. No. CV. CONVEYANCE of a Plot of Land, part of a Building "" ^^^ or Estate — Mutual Covenants hy Vendor and Pur- subject to ^ REBTRICTIVB CHASER, with respect to Building, &c., on such Plot, covemants. and on the Plots sold or intended to he sold to other purchasers. THIS INDENTURE, made the day of Between P^tiM A. B. of, &c. {vendor), of the one part, and C. D. of, &c. [pur- chaser), of the other part, "WITNESSETH that, in considera- tion, &c., the said A. B. doth hereby grant unto the said C. D., S'pi'ot'or'^ his heirs and assigns. All that plot or parcel of land situate in pur'Jh^or the parish of , in the county of , containing or '" '*"• thereabouts, which, with the dimensions and abuttals thereof, is delineated and shown on the map, drawn in the margin of these presents, and is thereon coloured pink, Together with all rights and things appurtenant or reputed to be appurtenant thereto. And all the estate and interest of the said A. B. therein, To have and to hold the same unto and to the use of the said C. D., his heirs and assigns for ever {Covenants for title and for production of deeds, see supra, pp. 219, 2^0) : And Re<=itai WHEREAS the plot of land hereby granted is part of an estate of js p^ or the said A. B., divided into plots for building purposes, some of estate, which plots have been sold and the others are intended to be sold as and when purchasers can be found, and the said build- ing estate is delineated on the said map, the plot of land hereby granted being coloured pink thereon, and the remainder of the estate being coloured yellow thereon : And whereas all the ^J^J']^^'^' Digitized by Microsoft® 410 PURCHASE DEEDS. OF PLOT OF LAND SUBJECT TO REaTBIOTIVE COVENANTS. sold subject to and with couditions and privi- MutuaL covenants that con- ditions and privileges shall be annexed to all the plots. But owner not to be personally liable after J)arting with and. said plots have been sold and are intended to be sold respec- tively, subject to the conditions and with the privileges specified in the schedule to these presents, and all the conveyances which have been hitherto executed by the said A. B. to purchasers have contained covenants similar to those hereinafter contained : And whereas the parties hereto have agreed to enter into the following covenants : Now it is hereby mutually COVENANTED AND AGREED, between and by the said parties, that all the conditions arid privileges specified and set forth in the schedule hereto shall be for ever annexed as well to the plot of ground hereby conveyed as also to all other the plots of ground part of the said building estate shown on the said map, so far as the same are applicable thereto respectively, and shall be for ever hereafter respectively observed and enjoyed by the owners for the time being of the said plots respectively, and be mutually enforceable by and against the said owners respec- tively, and that all future conveyances to be executed by the said A. B. of the plots of ground not already sold and conveyed as aforesaid shall contain covenants for giving effect to the said conditions and privileges similar to those contained in these presents : And it is hereby declared that the foregoing covenants shall, both as regards the liability thereunder and the benefit thereof, run with the land, with reference to which they are entered into so far as legally can be, but that neither the said A. B., nor the said C. D., nor any present or future owner of any plot of land affected by such covenants shall be personally liable thereunder, after he has parted with the same plot of land. In witness, &c. The Schedule above referred to. Digitized by Microsoft® PURCHASE DEEDS. 411 No. CVI. RELEASE of Rent-Charge in fee, and building and release oy other COVENANTS, to the Owner in fee of the Free- ohabge to OWNER OF HOLDS out oj which the rent is payable. lasp. THIS INDENTURE, made, &c., Between A. B. of, &c. Parties. {vendor), of the oae part, and C. D. of, &c. {purchaser), of the other part {Recite grant of land by A, B. to C. D. in fee sub- Recite ject to the limitation to A. B. of a yearly rent-charge of £5, &ndinfoe and to covenants by C. D. as to bmlding and otherwise, and y^^y re"'- that C. D. has erected a dwelling-house on the land, see suprd, p. 362) : And whereas the said C. D. has agreed to ^fX^e' purchase from the said A. B. a release from the said rent, and ^/^^['^ ^ from the covenants and conditions in the indenture contained, and on the part of the said C. D., his heirs and assigns, to be observed and performed for the sum of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the aforesaid agreement, and in consideration, &c., the said A. B. doth hereby release unto the said C. D., his heirs and assigns, Release of The said yearly rent of £ , limited to the said A. B., his to'tiie ^" heirs and assigns, by the hereinbefore recited indenture, and fee of land, all powers and remedies for recovering the same when in arrear, and all covenants and conditions contained in the said indenture, and on the part of the said C. D., his heirs and assisrns, to be observed and performed : To the end and intent to the , ° ' . , , , 11 1 nil 1 1 intent that that the said yearly rent shall hencetorth be merged and same may » *' ^ ^ ° ^ merge in the extinguished in the freehold and inheritance of the heredita- inheritance, ments comprised in the said indenture, and that the said covenants and conditions shall cease and determine : And the covenants SAID A. B. doth hereby, for himself, his heirs, executors, and administrators, covenant with the said C. D., his heirs and assigns, THAT notwithstanding, &c., he the said A. B. now hath good right to release the said rent, covenants and conditions, in manner aforesaid : And that he the said A. B., and aU per- sons lawfully or equitably claiming from or under him, will, at all times, at the request and cost of the said C. D., his heirs and assigns, do and execute such £(cts, deeds, and things for further releasing the said rent, covenants and conditions, in manner aforesaid, as shall or may be reasonably required. In witness, &c. Digitized by Microsoft® 412 PURCHASE DEEDS. CVII. SURRENDER of a Lease to the Lessor (a). SURRENDER OF LEASE TO LESSOR. THIS INDENTURE, made the day of , Between A. B. of, &c. (lessee), of the one part, and C. D. of, &c. (lessor), Recite lease, of the other part (Recite lease for thirty years to A. B.) : And rent haa WHEREAS the rent and covenants reserved by and contained Deen paid *^ to present Jq the hereinbefore recited indenture of lease, and on the part time. *■ of the said lessee, to be paid, observed, and performed, have been duly paid, observed, and performed by the said A. B. up faTsimeTder ^° ^^^ ^^^^ °^ ^^^^^ preseuts : And whereas the said C. D. lessor'" ii^t^ agreed to purchase from the said A. B. a surrender of the hereditaments and premises comprised in the said inden- ture of lease for the residue of the said term of thirty years, at the price of £ : NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said agreement, and in consideration, &c. (the receipt, d.c.), he the said A. B. doth suwender hefebv surrender unto the said C. D. and his heirs. All and ol premises '^ to lessor, SINGULAR the hereditaments and premises comprised in and demised by the said indenture of lease, and all and singular the appurtenances thereunto belonging : And all the estate, right, title, interest, claim, and demand whatsoever of him the to the said A. B., in, to, out of, or upon the premises : To THE INTENT intent that ^ -ici -i i- i • residue ot that the TBSidue 01 the said terra oi thirty years created by Isase shall •/ ** j merge in the the Said indenture of lease, and all other the estate and in- inhentance. ' , terest of the said A. B. in the said premises under or by virtue of the said indenture, may be merged and extinguished in the Covenants reversion and inheritance of the same premises : And the said A. B. doth hereby for himself, his heirs, executors, and adminis- Assignments (a) By the 3rd section of the 8 & 9 Vict. c. 106, it is provided that an of chattel assignment of a chattel interest, not heing copyhold, in any tenements or land, and" hereditaments, and a surrender in writing of an interest in any tenements surrenders or hereditaments, not heing a copyhold interest, and not being an interest tXe^i? which might by law have heen created without writing, shall he void ai law writing unless made hy deed. If such an assignment or surrender is made hy must be by writing under hand only for a valuable consideration, and the purchase- an^intere^r^ money is paid, though it would be void at law it will be eflfectual m passing at law. the equitable and beneficial interest absolutely to the purchaser ; and if the consideration money or any part of it is not paid, it would operate as an ordinary contract for sale, The spotion refers only to surrenders required to be in writing. Therefore surrenders which take effect by operation of law are not within the Act. Digitized by Microsoft® PURCHASE DEEDS. 413 OF LEASE TO LESSOR. trators, covenant with the said C. D. and his heirs, That for and ^"""i™"™ notwithstanding, &c., he the said A. B. now has good right to surrender the said premises in manner aforesaid, free from in- cumbrances : And that he the said A. B., and all persons lawfully or equitably claiming from or under him, will at all times, at the request and cost of the said C. D., his heirs and assigns, do and execute all such acts, deeds, and things for further and more effectually surrendering the said premises in manner aforesaid, as shall or may be reasonably required. In witness, &c. A8SI0NUENT CBOWINO CROPS. CVIII. ASSIGNMENT of Growing Crops o/Corn and Grass. THIS INDENTURE, made, &c,. Between A. B. of, &c, {ven dor), of the one part, and C D. of, &c, (purchaser), of the other part: WHEREAS the said A. B. hath agreed with the said C. D. contract for the absolute sale to him of the crops of corn and grass now growing on the pieces of land hereinafter particularly described and specified, and all the benefit and advantage thereof, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the aforesaid agreement, and in considera- tion, &c. (the receipt, dc), he the said A. B. doth hereby grant and assign unto the said C. D., his executors, administrators, Assignment o ' ' of crops, and assigns : All and singular the crops of corn and grass which are now growing, arising, and being on the several pieces or parcels of land hereinafter described, namely (here describe the lands specifically) ; And all the estate, interest, benefit, and advantage of the said A. B. in the same premises : To- T^**'?"^"^ gether with full liberty for the said C. D., his executors, }» ^?-^^ <>" ISrllQ to administrators, and assigns, and the servants, labourers, and remove other persons employed by him or them for that purpose, either with or without horses, carts, and carriages, from time to time, and at any time or times during the ensuing months of and , between the hours of in the morning and in the evening of each day, &c., of the said months respectively, excepting the Sundays which shall occur therein, to enter upon the said pieces or parcels of land respectively, or any part or Digitized by Microsoft® 414 PUKOHASE DEEDS. ASSIQNMEST GROWING CROPS. To pur- cliaser atsolulely. Covenant by vendor, for right to assign, and for fm-tlier assurance. parts thereof respectively, for the purpose of seeing the con- dition of the said crops, and for the purpose of reaping, mow- ing, and cutting the said crops of grass respectively, and re- moving the same respectively, and also to do all such other acts and things as may he necessary or required for the purpose of ohtaining the full benefit of these presents: To have and TO HOLD the premises hereby granted and assigned, or ex- pressed so to be, unto and to the use of the said C. D., his executors, administrators, and assigns absolutely : And he the SAID A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D., his executors, ad- ministrators, and assigns, That he the said A. B, now hath good right to grant and assign the said premises in manner aforesaid : And also that the said A. B., and all persons claiming under him will at all times hereafter, at the request and cost of the said C. D., his executors, administrators, and assigns, execute and do or cause to be done and executed all such further assurances and things for the more effectually assuring the said premises unto the said C. D., his executors, administrators, and assigns, in manner aforesaid, and for more effectually enabling him and them, to obtain the benefit of these presents, as shall -or may be reasonably required. In witness, &c. No. CIX. ASSIGNMENT OV BOND DEBT. ASSIGNMENT of a Bond Debt (a) by endorsement on the bond. THIS INDENTURE, made, &c.. Between the within-named A. B. (vendor), of the one part, and C. D. of, &c. (purchaser), of the other part, WITNESSETH, that in consideration of the sum of £800 now paid to the said A, B. by the said C. D. for the absolute purchase of the bond debt intended to be hereby assigned (the receipt whereof the said A. B. doth hereby acknowledge), he (a) Notice must be given of the assignment to the debtor, and from the date of such notice the assignment is effectual to pass the legal right to the bond and aU legal remedies thereunder." A power of attorney is therefore uimecessary. See 36 & 37 Vict. c. 66, s. 25, sub-sect. 6. Digitized by Microsoft® PURCHASE DEEDS. 415 the said A. B. doth hereby assign unto the said C. D., his exe- *op™rajf^ cutors, administrators, and assigns. The principal sum of £1000 ''™^- secured by the with in- written bond, and the sum of £ , „; t^"™* now due for arrears of interest thereon, and all interest hence- ■***'■ forth to become due for the same, and also the said bond and the full benefit and advantage thereof: To hold the same unto the said 0. D., his executors, administrators, and assigns, absolutely : And the said A. B. doth ' hereby for himself, his covenant ^ ^ •'by vendor heirs, executors, and administrators, covenant with the said C. D., bis executors, administrators, and assigns, That the said forrfgiit to ' , , ° , assign, principal sum of £1000 now remains owing on the said bond together with the sum of £ , for arrears of interest thereon, and that the said A. B. now hath good right to assign the said bond debt and premises in manner aforesaid : And that he """^ '"'' and all persons claiming under him will, upon the request and at the cost of the said C. D., his executors, administrators, or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things, for better and more effectually assuring the said bond debt and premises unto the said C. D., his executors, administrators, and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. further assurance. OF JUDG- MENT DEBT. Parties. No. ex. ASSIGNMENT of a Judgment Debt. Asam™EHT THIS INDENTURE, made, &c., Between A. B. of, &c, (vendor), of the one part, and C. D. of, &c. (purchaser), of the other part : Wheeeas the said A. B. on the day of Herfte^j^^ , obtained a judgment in the High Court of Justice (Queen's Bench Division), against E. F. of, &c., for the sum of £ , and costs of suit : And whereas the said sum of £ ^S*o1^!^ and costs of suit still remain due on the security of the said iude-ment : And whereas the said A. B. bath agreed with the Agreement Jo ° for sale of said C. D. for the sale to him of the said judgment debt at debt. the price of £ : NOW THIS INDENTURE WIT- ~^">s NESSETH, that in pursuance of the said agi-eement, and in consiciera- ccnsileration, &c. (the receipt, dc), he the said A. B. doth Digitized by Microsoft® 416 PURCHASE DEEDS. ASBiaNMENT OP JUDG- MENT DEBT. Assignment of debt, &c., and full benefit of judgment to pur- chaser. hereby assign unto the said C. D., his executors, administra- tors, and assigns, ALL THAT the said sum of f , and also the said costs of suit secured by the said recited judgment, and all interest now due and hereafter to become due for the same : And also the said judgment, and the full benefit and advantage thereof, and of all other securities for the same sum, costs, and interest : To HOLD the same unto the said C. D., his executors, administrators, and assigns, absolutely. {Cove- nants for title by A. B. with C. B., as in the Precedent No. CIX.) In witness, &c. No. CXI. asbiqmment OF. LETTERS PATENT. Eecite grant of letters patent. Enrolment of descrip- tion of inventioii. Agreement for sale of invention aiid letters patent. ASSIGNMENT of Letters Patent. THIS INDENTURE, made, &c.. Between A. B. of, &c. (vendor), of the one part, and C. D. of, &c. (purchaser), of the other part ; Where AS, by letters patent under the great seal of the United Kingdom of Great Britain and Ireland, dated the — — day of , in the year of the reign of Her Majesty Queen Victoria, and duly filed in her Majesty's Court of Chancery, Her said Majesty granted unto the said A. B. the exclusive privilege of using, exei'cising, and vending a certain invention for the manufacture of (here describe the invention), for the term of years : And whereas in pursuance of a condition in the said letters patent contained, the said A. B. did, within the space of six calendar months after the date of the said letters patent, cause to be enrolled in Her Majesty's Court of Chancery in England, a particular description of the ■ nature of the said invention by ap instrument in writing under his hand and seal : And whereas the said A, B. hath agreed with the said C. D. for the sale to him of the said in- vention and letters patent, and also the full benefit and ad- vantage thereof, and also of all letters patent to be hereafter obtained on account of the said invention, at the price of £ : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c, (the receipt, dc), he the said A. B. doth hereby grant, assign, and Digitized by Microsoft® PURCHASE DEEDS. 41 7 confirm unto the said C. D., his executors, administrators, and assi"™ent ' ' * OF LETTERS assigns, All that and those the said recited invention and ^"^''- letters patent, and also all and singular the benefits, privi- ?™°\i°'„ leges, and advantages of, arising out of, or to be derived from ""^jf ""'^ the said invention and letters patent, and also all and sin- gular other the letters patent to be hereafter obtained on account -thereof : And all the right, title, interest, claim, and demand of the said A. B., to, in, or upon the said pre- mises : To HAVE, hold, receive, and take the premises hereby granted and assigned, or expressed so to be, unto the said C. D., his executors, administrators, and assigns abso- to purchaser lutely, for all the remainder now to come and unexpired of the " ^° "" ^' said term granted by the said letters patent, and _ of every other term and interest to be hereafter granted therein : And covenant the said a. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D., his executors, administrators, and assigns. That notwithstanding anjrthing by that the him the said A. B. done or knowingly suffered to the con- patent are trary, the said letters patent are valid and effectual in the law ^°° ' for the -purposes therein expressed: And that the said A. B. and for now hath good right to grant and assign the said invention, assign, letters patent, and premises unto the said C. D., his executors, administi'ators, and assigns, and that the same shall henceforth be used, exercised, and enjoyed by him and them, without any interruption, claim or demand by or from the said A. B., or any person or persons lawfully or equitably claiming under him : And also that he the said A. B., his executors and ad- and for . . 1 n 1 1 ■ ■ ■ 1 , • further ministrators, and all other persons claiming any right or m- assurance, terest to or in the said invention, letters patent, or premises from or under the said A. B., shall and will at all times here- after, at the request and cost of the said C. D., his executors, administrators, or assigns, do, execute, and perfect, or cause to be done, executed, and perfected, all such acts, assurances, matters, and things for further and more effectually assuring the said invention, letters patent, and premises hereby granted and assigned, or expressed so to be, to and for the benefit of the said C. D., his executors, administrators, and assigns, and for enabling him and them, in the event of any infringement of the said invention, to commence, carry on, and pi-osecute all neces- sary and proper actions and proceedings on account thereof, as shall or may be reasonably required. In witness, &c. Digitized by Microsoft® 418 PURCHASE DEEDS. ASSEGNMENT OP GOODWILL. No. CXII. ASSIGNMENT of the Goodwill and Pbopertt of a Business. THIS INDENTURE, made, &c., ' Between A. B., of, &c. (vendor), of the one part, and C. D. of, &c. (purchaser), of thei vendOT*ha*s '^^^^^ part: Whereas the said A. B. hath for some years past burfness up carried on the trade or business of , at No. , and the tiiM^'™* same trade or business is at the present time being carried Agreement on by him at' the same place ; And whereas the said A. B. for shXq of goodwiu, hath agreed with the said C. D. for the sale to him of all his interest and goodwill in the said trade or business, and of the debts, stock in trade, and effects intended to be hereby as- signed, at the price of £ , and upon the terms hereinafter contained : And whereas the said A. B. has delivered to the said C. D. the books of account and other books relating to the said business, and in the said books are set forth the amounts and particulars of the debts respectively due and owing to and from the said A. B., and also the particulars of the contracts and engagements to which he is liable in respect of the said trade or business: NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ , to the said A. B. paid by the said G. D. on or before the execution of these presents (the receipt, dc), and also in consideration of the covenants hereinafter contained on the part of the said C. D., he the said A. B. Assignment doth hereby assign unto the said C. D., his executors, ad- of goodwill, . . . , ■> ^ . mmistrators, and assigns, All the beneficial interest and goodwill of the said A. B. in the said trade or business of book and , SO Carried on by him as aforesaid, and also all the book otlier debts i,iii. i i due to the and Other debts now due and owing to him on account of the said trade or business, and all securities for the same, and and also all contracts and engagements, benefits, and advan- tages which have been entered into with the said A. B., or to which he is or can be entitled on account or in respect and stock of the Said trade or business, and also all the stock in trade &o.™ "' goods, fixtures, articles, and things which at the date of these presents belong to the said A. B. on account of the said Digitized by Microsoft® PURCHASE DEEDS. 419 trade or business, or are in anywise used in the same ; And ^ssiosment ALL THE RIGHT, title and interest of the said A. B., to and in ° °°o^"-'- the said premises : To have, hold, receive, and take the to purchaser premises hereby assigned, or expressed so to be, unto the said ^ ^°^ ^' C. D., his executors, administrators, and assigns absolutely : And the said A. B. doth hereby for himself, his heirs, exe- covenants by ^x■udu^, cutors, and administrators, covenant with the said C. D., his executors, administrators, and assigns. That the said A. B. thathswiu , not carry will not at anv time hereafter, either bv himself, or in con- on business •^ ' *» ' witlim a nection with any other person or persons, carry on the said spef'fle?* ti""* he / Will use nis time, and at all times hereafter, use his best endeavours to pro- fXen^e mote the said trade or business, and to give to the said C. D. covenant by the full advantage of the connection and custom of him the iSmni?^ said A. B. in the said trade or business : AND THIS INDEN- SL" TURE ALSO "WITNESSETH, that in pursuance of the said from the agreement in this behalf, and in consideration of the premises, and from he the said C. D. doth hereby for himself, his heirs, executors, and engage- , , , ments. administrators and assigns, covenant with the said A. B., his £ E 2 Digitized by Microsoft® 420 PUECHASE DEEDS. ASSIQNMENT heirs, executors,, and administrators, That he the said C. D., his heirs, executors, and administrators will, from time to time, and at all times hereafter, save harmless and keep indemnified the said A. B., his heirs, executors, and administrators, and his and their estates and effects, from and against the several sums of money which by the said books appear to be due and owing from the said A. B. in respect of the said trade or business, and also from and against the contracts and engagements to which by the said books, the said A. B. appears to be now liable, and also all interest, costs, expenses, losses, claims, and demands on account of the same debts, contracts, and engagements, respectively. In witness, &c. No. CXIII. POLICY OF AaSU RANGE. ASSIGNMENT of a Policy of Life Assurance to a Purchaser (a). Parties. THIS INDENTURE, made the day of , Between A. B. of, &c. {vendor), of the one part, and C. D. of, &c. {pur- ^Tic^of '^^*^«^)> "f the other part : Whereas by a policy of assurance, assurance, dated the — — day of , and under the hands and seals of three of the directors of the — - Assurance Society, the sum of £1000 was assured to be paid to. the executors, administra- tors, or assigns of the said A. B., within three calendar months after his decease, subject to the annu5,l premium of £ : Agreement And WHEREAS the Said A. B. hath a.groed with the, said C. D. for the absolute sale to him of the said policy of assurance, and the moneys and advantages thereby assured, free from incum- Assigneeof (fls) By the 30 & 31 Viot. c. 144, persons or corporations entitled or may^M L 'becoming entitled by assignment or other derivative title, to a poUey of life his own assurance, are empowered to sue at law in the name of such persons or cor- name. porations to recover the policy moneys. The 3rd section provides that no assignment made after the passing of the Act shall confer on the assignee any right to sue for the policy moneys until a written notice of the date and purport of the assignment is given to the Assurance Company, at their prmcipal place of busmess ; and that the date on which such notice shall be received shall regulate the priority of aU claims under any assignment The 6th section prescribes the manner in which -notices of assicmnient are to be acknowledged by the Assurance Company. See 31 Vict." c. 4 as to Marine Assurances. ' " ' Digitized by Microsoft® PURCHASE DEEDS. 421 brances, at the price of £ : NOW THIS INDENTURE XJ^scL WITNESSETH, that, in pursuance of the said agreement, ^j^~ " and in consideration of the sum of £ , &c. (the receipt, (fee), p""*- he the said A. B. doth hereby assign unto the said C. D., his tion. executors, administrators, and assigns : All that the herein- ^y yST' before recited policy of assurance, and the said sum of £ and pi-^ thereby assured, and all other moneys, benefits, and advantages "''°^' to be had, recovered, or obtained under or by virtue of the said policy ; To hold the same unto the said C. D., his executors, t" ^ou to , ^ . purchaser administrators, and assigns absolutely : And the said A. B. absolutely. doth hereby for himself, his heirs, executors, and administra- by renuor, tors, covenant with the said C. D., his executors, administrators, and assigns, That notwithstanding any thing by the said A. B. ^^^ff^ („ done, or knowingly suffered to the contrary, the said policy of '"" '°™ ' assurance is in full force and virtue : And that, notwith- that he has standing any such thing as aforesaid, he the said A. B. now assign; hath good right to assign the said policy of assurance, moneys, and premises unto the said C. D., his executors, administrators, and assigns, in manner aforesaid : And also that he the said jnd that o > _ he will not A. B. will not at any time or times hereafter, do or suffer any ^'■'j^'*. act or thing (except as respects the future premiums to become due in respect of the said policy of assurance which are to be paid by the said C. D.) whereby the said policy of assurance shall become void or voidable, or whereby the said C. D., his executors, administrators, or assigns may be in any wise pre- vented from receiving the moneys thereby assured, or any part thereof, to and for his and their own use and benefit : And j"* '""■ ' ^ ^ tiirtner FURTHER THAT he the said A B., his executors or administra- assurance. tors, will at all times hereafter, upon the request, and at the cost of the said 0. D:, his executors, administrators, or assigns, do and execute or cause to be done and executed, all such acts, deeds, and things, for better and more effectually assuring the said policy of assurance, moneys, and premises unto the said C. D., his executors, administrators, and assigns, and also for enabling him and them to receive, recover, and enforce the payment of the same respectively as shall or may be reasonably required. In witness, &c. Digitized by Microsoft® 422 PUECHASB DEEDS. No. CXIV. ADVOWSON. GRANT of an Advowson (a). Parties. THIS INDENTURE, made the day of Between A. B. of, &c. {vendor), of the one part, and 0. D. of, &c. {pwr- Grant of next pre- sentation. Purchaser Sale of advowson where in- cumbent is in extremis. (a) A vendor has no power to grant the next presentation during a vacancy (Baker v. Rogers, Ore. Bliz. 788), so that if a conveyance is executed of an advowson in fee during a vacancy, the immediately pending right of presentation would not pass to the purchaser. (Grey v. Hesketh, Ambler, 268 ; Greenwood v. Bishop of London, 5 Taunt. 727.) The owner of an advowson (including the purchaser of an estate for life in of advowson ^^ advowson), being a clerk, may, on a vacancy, offer himself to the bishop, '" ^'' and the bishop cannot refuse him on that ground ; but the grantee of the next presentation is precluded from so doing by 12 Anne, St. 2, c. 12 ; Walsh V. Bp. of Lincoln, L. E. 10 C. P. 518. The sale of an advowson or of a next presentation, the incumbent being m extremis at the time, is not invalid on that account. (Fox v. Bishop oi Chester, 6 Bing! 1.) In Fox ■». Bishop of Chester it was expressly found by the jury that the purchase was made without the privity of the clerk, who was afterwards presented, and without any intention to present him. It must not, however, be assumed from this, that the privity of the clerk or the intention to present him vitiates a purchase where the in- cumbent is in extremis, and not in other cases. When the clerk is privy to the contract in this sense, that it is part of the arrangement that he shall be presented, the transaction is simoniacal and void, whether the incum- bent is in extremis or not. On the other hand, the mere intention on the part of a purchaser to present a particular person, provided that he is under no obligation to do so, does not, it is conceived, vitiate the purchase in either case. If an advowson is vested in a trustee or mortgagee, the cestui que trust or mortgagor is entitled to nominate, and may compel the trustee or mortgagee to present his nominee. (Hill, p. 446 ; Coote, 202.) If the owner in fee of an advowson dies during a vacancy, the next pre- sentation goes to his personal representatives. (Mirehouse v. Rennell, 8 dying toing -^^"S- 490.) If the owner in fee is also incumbent, the advowson, on liis vacancy. death, descends to his heir. (Tud. R. P. 214.) BankruiDt. Where the owner or cestui que trust of an advowson is a bankrupt, the right of nomination may be exercised by him in respect of any vacancy occurring before the sale of the advowson or next presentation (Hill, 449) ; and in the absence of a settlement, a husband during the coverture has the right of nomination in respect of an advowson vested iiL his wife, and after her death, in cage there were issue of the marriage and the husband survives, he will be entitled to present as tenant by the curtesy. . (HUl, 450 ; 3 Cru. Dig. 14 ; Tud. E. P. 214.) If a widow is entitled to dower in respect of an advowson, the heir, has the first two presentations and the widow the third. If a right of presentation is vested in joint-tenants or tenants in common tenants and they mu.st concur in the presentation, in order to make it binding on the tenants m Qr^inai.y_ jf tj^y present severally, the ordinary may admit either of the presentees or refuse all, and if no joint presentation is made within the six months he can present by lapse. (Co. Lit. 186 a.) In the case ot coparceners, the eldest may present on the first turn, and this right passes to her issue or to her assign. (Co. Lit. 186 a.) Power of norainatiou when ad- vowson is vested in trustee, &c. Owner in fee Right of husband as tenant by curtesy. Eight of widow. Joint tenants in common. Copar- ceners, Digitized by Microsoft® PUECHASE DEEDS. 423 chaser), of the other part : Wherkas the said A. B. hath ■""^°''-^°''- agreed with the said C. D. for the absolute sale to him of the Agreement , J -111 for sale. advowson intended to be hereby granted, and the inheritance thereof in fee simple, at the price of £ : NOW THIS IN- witnessing DENTURE WITNESSETH, that in pursuance of the said''*'^ agreement, and in consideration, &c. (the receipt whereof, dc.), he the said A. B. doth hereby gi-ant unto the said C. D., his vendor , . , . , 1 , grants heirs and assigns, All that the advowson and perpetual advowson to ... ■/>! x-r purchaser. right 01 presentation ot and to the rectory or parish church of , in the county of : Together with the appur- tenances thereto {and all the estate, &c.) : To have and to HOLD the advowson and premises hereby granted, or ex- pressed so to be, unto and to the use of the said C. D., his heirs and assigns, for ever : And the said A. B. doth hereby covenanu for himself, his heirs, executors, and administrators, covenant ''™" °'' with the said C. D., his heirs and assigns : That notwith- standing any act, deed, or thing by the said A. B. done, or executed, or knowingly suffered to the contrary, he the said A. B. now hath good right to grant the advowson and pre- for right mises hereby granted, or expressed so to be, unto the said ^™'' ' C. D., his heirs and assigns, in manner aforesaid: And that for quiet the said C. D., his heirs and assigns, shall and may, at all times hereafter, peaceably and quietly have, hold, and enjoy the said advowson and premises without any lawful interruption, claim, or demand whatsoever from or by the said A. B., or any person or persons lawfully or equitably claiming from, under, or in trust for him : And that free from all incumbrances whatso- free from ever, made, occasioned, or suffered by the said A. B., or by fauces ; any person or persons lawfully or equitably claiming as afore- Where an advowson is vested in trustees in trust for tenants in common Tenants in and the beneficiaries cannot agree us to the nomination, the Court will ™iJ'eJJ'*h,.v direct them to draw lots. (Johnstone v. Baker, 6 De G. M. & G. 439.) And cannot it is conceived that the same course would be adopted in the case of joint- agree, tenants. In the case of coparceners, equity would follow the law and allow the eldest to nominate. An infant, and not his guardian, is entitled to present to a church. (Heale infant. V. Greenbardc, 3 Atk. 710.) If the right of nomination is vested in trustees, they cannot vote by Trustees. proxy ; and unless they have been incorporated by charter, they must all join in the presentation, if there is no clause authorising a majority to bind the rest. (Hill, 451.) Where an advowson is vested in the parishioners or inhabitants of a place, Parishion- or in trustees for them, the majority of the parishioners or inhabitants may ^^' '"^^ appoint. (Fearon v. Webb, 14 Ves. 13.) As to engagements to resign benefices in favour of other persons, see Resignation 9 Geo. 4, c. 94, ss. 1, 2, 3, 4, 5, 6. »f benefices. Digitized by Microsoft® 424 PURCHASE DEEDS. and for further assurance. . said : And further that he the said A. B., and all persons having, or lawfully or equitably claiming any estate or interest in the said advowson and premises, from, under, or in trust for him, shall and will, from time to time, and at all times here- after, upon the request and at the cost of the said C. D.^ his heirs or assigns, do and execute, or cause to be done and exe- cuted, all such acts, deeds, and things for further and more perfectly assuring the said advowson and premises unto and to the use of the said" C D., his heirs and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. No. CXV. NEXT PRE- SENTATION. Parties. Agreement for sale of next pre- sentation. Considera- tion. Vendor grants next pre- sentation to pur- chaser. Covennnt by vendor, GRANT of the next Presentation to a Rectory. THIS INDENTURE, made the day of , Between A. B., of, &c. (vendor), of the one part, and C. D., of, &c. (pu/r- chaser), of the other part : Whereas the said A. B. hath agreed with the said C. D. for the sale to him of the next presentation, intended to be hereby granted at the price of £ : And whereas, in order to save expense, it was agreed upon the treaty for the said purchase that the said C. D. should accept the title of the said A. B. without investigation, and that in consideration thereof the said A. B. should enter into absolute covenants for title : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c. (the receipt whereof, do.) : The said A. B. doth hereby grant unto the said C. D., his executors, adminis- trators and assigns, The next presentation of and to the rectory or parish church of — ^ — , in the county of , when the same shall become void by the death, resignation, or depri- vation of , the present incumbent thereof, or otherwise howsoever : To hold the same unto the said C. D., his execu- tors, administrators, and assigns, to and for his and their use and benefit : And the SAID A. B. doth hereby for himself, his heirs, executors, and administratorsi, covenant with the said C. D., his executors, administrators, and assigns, that he the said A. B. now hath good right to grant the said next presen- Digitized by Microsoft® PURCHASE DEEDS. 425 NEXT PRE- SENTATION. tation unto the said C. D., his executors, administrators, and assigns, in manner aforesaid, and that the said C. D., his execu- tors, administrators, or assigns, shall and may, immediately after the said rectory or church shall next become vacant by the death, resignation, or deprivation of the said , or other- chas^'may wise, lawfully present thereto any person duly qualified ac- ^S'cy"'' cording to law, and that the person so to be presented by the said C. D., his executors, administrators, or assigns, shall and may peaceably and quietly hold and enjoy the said rectory and church, and all the benefits and profits thereof, without any for quiot ■*■ •* enjoyment ; lawful interruption, claim, or demand whatsoever from or by the said A. B., his heirs or assigns, or any other person or persons lawfully or equitably claiming any estate or interest in the ad- vowson of or to the said rectory or church : And ALSO that he the said A. B., and all other persons lawfully or equitably claiming as aforesaid, shall and will, from time to time, at the request and cost of the said C. D., his executors, administrators, or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things for further and more perfectly assuring the said next presentation unto the said C. D., his executors, administrators, and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. and for further assurance. ADV0W80N AND AN- NUITY UNTIL VACANCY. Forties. No. CXVI. GRANT of an Advowson and an Annuity until the oract ov Benefice becomes Vacant (a). THIS INDENTURE, made the day of . , Between A. B. of, &c. (vendor), of the one part, and C. D. of, &c. (pur- chaser), of the other part : Whereas the said A. B. has Recite agreed with the said C. D. for the sale to him of the advowson teS!° of the rectory or parish church of , intended to be hereby granted, and of an annuity of £80 to be paid to the said C D., his executors, administrators, or assigns, until the benefice shall become vacant, and to be secured by the bond of the said A. B., (a) See suprd, p. 103, note. Digitized by Microsoft® 426 PURCHASE DEEDS. GRANT OF ADVOWSON AND AN- NUITY UNTIL VACANCY. Bond of vendor to purchaser to secure annuity until benefice becomes vacant. at the price of £2000 : And whereas in part pursuance of the said agreement, the said A. B. has given and executed to the . said C D. his bond bearing even date with these presents, in the penal sum of £2000, -subject to a condition thereunder written for making void the same, if the said A. B., his heirs, executors, or administrators shall pay to the said C. D., his exe- cutors, administrators, and assigns, the annual sum of £80 until the said benefice shall become vacant, by equal half-yearly pay- ments, on the day of and the day of in every year, the first of such payments to be made on the day of next : NOW THIS INDENTURE WITNESSETH, that in further pursuance of the said agreement, and in con- sideration, &c. (Grant of advowson to C. D., and covenants for title as in Precedent No. GXIV., suprd, p. 422.) In witness, &c. No. CXVII. MEHOKR OF RENT- CHAKGE. Parties. Recite award. Merger of tithe rent- charges. MERGER of Rent-Charges in lieu of Tithes {a). . TO ALL TO WHOM THESE PRESENTS SHALL COME We, a. B. of, &c., and C D. of, &c. {proprietors of lands), send greeting : Whereas, by an award made in pursuance of the Act for the Commutation of Tithes in England and Wales, and (a) Under the 6 & 7 Wm. 4, o. 71, and the 1 & 2 Vict. c. 64, ss. 1 and 3, a tenant in fee or in tail in possession of tithes, or commutation rent-charge in lieu of tithes, or any person having power to acquire a fee simple therein, or the tenant for life in possession of both lands and tithes, can, by deed to bo approved by the commissioners and confirmed under their seal, merge the tithes, or commutation rent-charge, in the land out of or in respect of which they issue. By the 1st section of 2 & 3 Vict. c. 62, all charges on tithes which are merged imder the Acts, are to have priority over any charges on the lands at the time of the merger. The 6th section of 2 & 3 Vict. c. 62 authorises the merger of the tithes of glebe land, where the glebe and the tithes belong to the same person in virtue of his benefice ; and under the 19th section of 9 & 10 Vict. c. 73 all powers relating to the merger of tithes or rent-charge instead thereof may be executed by any person entitled in equity to the same, but so that all the charges on the tithes shaU be prior and primary charges on the lands and the owners thereof for the time being. To remove all doubts on the subject, it is enacted by the 1 & 2 Vict. c. 64 8. 4, that the provisions of the Acts in relation to merger, shall extend to copyholds. Digitized by Microsoft® PURCHASE DEEDS. 427 MERGER OF REST- CHABOE. duly confirmed on the day of , the tithes of the parish of L., in the county of , were commuted, and a rent-charge of the annual sum of £5 was awarded to be paid to , of the parish of , in the said county of , yeoman, his heirs or assigns, or to the persons entitled in remainder or reversion after him, instead of the impropriate tithes arising from certain lands of the said parish of L., of the estimated quantity, in statute measure, of loA. 1e. 16p. : And whereas, by the instru- ment of apportionment of the rent-charge awarded to be paid in lieu of the tithes of the said parish of L., and also duly con- firmed on the day of , the said rent-charge of £5 has been charged upon the lands particularly described in the said apportionment, and on the plan thereto annexed numbered re- spectively 1481, 1487, 1486, 1555, 1558, 1559, and 1570 : And seisin of WHEKEAS the said A. B. is seised for an estate in possession in tiie different r • 1 n 1 /• 1 -1 1 p proprietors. tee Simple of so mach of the said rent-charge of £5 as was awarded in lieu of the tithes arising from the said lands numbered 1481, 1487, and 1486 respectively, and is seised in fee according to the custom of the manor of L., in the county of , of the same lands : And whereas the said C. D is seised for an estate in possession in fee simple of the said lands numbered 1555, 1558, 1559, and 1570 respectively, and is also seised for an estate in fee simple in possession of so much of the said rent- charge of £5 as was awarded in lieu of the tithes arising from the last-mentioned lands: NOW THEREFORE we the saidMei^rby *-r»i/-«-r-v !■ ••! 1 ' proprietors A. B. and C. D,, according to our respective rights and interests of rent- therein, do hereby respectively declare it to be our will and ' intent that the said rent-charge of £5 shall henceforth be absolutely merged and extinguished in the freehold and inherit- ance of the lands in respect of which the said rent-charge was heretofore payable, and upon which it has been charged as afore- said in and by the said instrument of apportionment. In testimony whereof we have-hereunto subscribed our names and affixed our seals, this day of , . Digitized by Microsoft® 428 PURCHASE DEEDS. SHAEF. IN RESIDUARY No. CXVIII. ASSIGNMENT of a Share in Residuary Personal soMLTO. Estate derived under a Will. to vendor and another Parties. THIS INDENTURE, made the day of , Between A. B., of, &c. (vendor), of the one part, and C. D., of, &c., and ^*^^°f E. F. of, &c. (pwchasers), of the other part : Whereas G. H., SLt™'^ late of, &c., by his last will in writing, dated the day of , after making divers devises and bequests therein con- tained, devised and bequeathed all the residue of his real and personal estate, subject to and charged with the payment of his just debts, funeral and testamentary expenses, and the several legacies thereinbefore bequeathed, or to be bequeathed by any equally. codicil or codicils to his said will, unto his nephew and the said A. B., their heirs, executors, and administrators, according to the nature and quality of such property respectively, to Testator's be equally divided between them as tenants in common death, and ^ ** probate of (Recite death ■ of testator and probate of his will) : And Agreement WHEREAS the Said C. D. and E. F. have agreed with the said of vendor?^ A. B. for the absolutc purchase of the one moiety or share, to " ' ' which by virtue of the said recited will the said A. B. is entitled, of and in the residuary personal estate and effects of the said testator deceased at the price of £ : NOW THIS IN- DENTURE WITNESSETH, that in pursuance of the said oonsiderar agreement, and in consideration of the sum of £ to the said A. B. paid by the said C. D. and E. F. in equal shares on or Ld'^ns. before the execution of these presents (the receipt whereof, dc), he the said A. B. doth hereby assign unto the said 0. D. and Sf^rSidu/ry ^- ^v ^^^^^ cxccutors, administrators, and assigns. All THAT the one moiety or equal half part or share, and all other the part, share, and interest (if any) to which he the said A. B. is or can. be entitled under or by virtue of the said recited will of the said G. H., deceased, of and in the residuary personal estate and effects of the said testator, and of and in the stocks, funds, and securities of which the same may consist, or by which the Digitized by Microsoft® estate PUKCHASE DEEDS. 429 SHARE TN RESIDUARY PER- SONALTY. same respectively may be represented, and of and in all the interest, dividends, and annual produce thereof : And all the right, title, interest, benefit, claim, and demand whatsoever of him the said A. B., to, in, or out of the said premises and every part thereof: To have, hold, receive, and take the moiety and premises hereby assigned, or expressed so to be, unto the said C. D. and E. F., their executors, administrators, and assigns to pur- ' to and for their own proper use and benefit absolutely, as tenants in common and not as ioint tenants : And the said covenant ^ ty vendor, A. B. doth hereby, for himself, his heirs, executors, and adminis- trators, covenant with the said 0. D. and E. F., their executors, administrators, and assigns, That notwithstanding any thing by for titio ; him the said A. B. at any time done, or knowingly suffered, he the said A. B. now hath in himself good right to assign the for right to moiety and premises hereby assigned, or expressed so to be, unto the said 0. D. and E. F., their executors, administrators, and assigns, in manner aforesaid, free from incumbrances : And ™"<"' that he the said A. B., his executors or administrators, will assurance. from time to time and at all times hereafter, at the request and cost of the said C. D. and E. F., their executors, administrators, and assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things, for better and more absolutely assuring the said moiety and premises unto the said C. D. and E. F., their executors, administrators, and assigns, in manner aforesaid, and for enabling them to receive the same, as shall be reasonably required. In witness, &c. No. CXIX. LIFE INTEREST IN STOCK. ASSIGNMENT of a Life Interest in Stock. THIS INDENTURE, made the day of , Between :^^^ A. B. of, &c. {vendor), of the one part, and C. D., of, &c. {pur- chaser), of the other part : Whereas by an indenture dated ^^j^^^^ the day of , and made between {parties), it was de- of stock, clared and agreed that E. F. and G. H., their executors and administrators, should stand possessed of the sum of £250, £3 per cent. Consolidated Annuities, transferred into their names Digitized by Microsoft® 430 PDRCHASE DEEDS. LIFE INTEREST IN STOCK. for vendor for life. Agreement for sale of life interest. Witnessing part. Assignment ty vendor of .life - interest, in stock. to pur- chaser. Covenant by vendor. for right to assign ; and for further assui'ance. as therein mentioned, upon trust to pay to the said A. B. and his assigns the dividends and annual produce thereof for his life, and after his decease, upon trust as therein mentioned : And whereas the said A. B. hath agreed with the said C. D. for the absolute sale to him of his life interest in the said sum of £250, £3 per cent. Consolidated Annuities, at the price of f : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c. {the receipt, dc), he the said A. B. doth hereby assign unto the said C. D., his executors, administrators, and assigns. All the dividends and annual produce to accrue and become payable during the life of the said A. B., from or in respect of the said sum of £250 £3 per cent. Consolidated Annuities, now standing in the names of the said E. F. and G. H., as hereinbefore men- tioned : And all the right and interest of the said A. B. to and in the same : To hold the same unto the said C. D., his executors, administrators, and assigns absolutely: And the SAID A. B. doth hereby, for himself, his heirs, executors and administrators, covenant with the said C. D., his executors, administrators, and assigns. That notwithstanding anything by him the said A. B. done or knowingly suffered to the contrary, he the said A. B. now hath good right to assign the said dividends and annual produce in manner aforesaid free from in- cumbrances : And that he the said A. B., and all other persons rightfully claiming any interest in the said dividends and annual produce from or under the said A. B., shall and will, from time to time, and at all times hereafter, upon the request and at the cost of the said C. D., his executors, administrators, or assigns, do and execute, or cause to be done and executed, all such acts, deeds, and things for further and more perfectly assuring the said dividends and annual produce unto the said C. D., his executors, administrators, and assigns, in manner aforesaid, as shall or may be reasonably required. In witness, &c. Digitized by Microsoft® PURCHASE DEEDS. 431 SIONAKV PEB- SONALTY. No. CXX. ASSIGNMENT by a Married Woman of her Rever- release by ^ .'A MARRIED siONARY Interest in Personalty under a Will """^^^^ made after the 31st of December, 1857 (a). THIS INDENTURE, made, &c., Between A. B. of, &c., aud C. his wife (vendors), of the one part, and E. F. of, &c. (pur- chaser), of the other part : Whereas G. H., late of , &c., wnibe- deceased, duly made his will, dated the day of , 1860, ?e"4''cy"to^ and thereby, among other things, he bequeathed the sum of ufe" £10,000 to his trustees therein named, upon trust to invest the same and vary the investments as therein mentioned, and to pay the annual income of the said trust moneys, stocks, funds and securities unto L. M., and his assigns, for his life, and from and after his decease, the said testator declared that Remainder the said trust moneys, stocks, funds, and securities, and the cuidren •' . . attaining annual income thereof, should be divided between all the twenty-one. children of the said L. M. who should attain the age of twenty- one years, in equal shares (Death of G. H., and probate of his will) : And whereas the said C. B. is one of the children of vendor the said L. M., and she hath attained the age of twenty-one children has years : And ^whereas the said A. B. and C. his wife have twenty-one. agreed with the said E. F. for the sale to him of the rever- bf^e™™' sionary share and interest of the said C. B. in the said sum of herexpeot- £10,000 so bequeathed as aforesaid, and the investments re- S'teg^yf' presenting the same, at the price of £ : NOW THIS IN- DENTURE WITNESSETH, that in pursuance of the afore- said agreement, and in consideration, &c. (the receipt, dc), the Aasignment said A. B. and C. his wife, do and each of them doth hereby w'tii »<>»- ■^ currence assign unto the said E, F., his executors, administrators, and ^ ^^ assigns. All and singular the share and interest, or shares ."f^^'*'*'''' o ' ^ ' legacy ex- and interests, as well vested as contingent, and as well original §g°^*™ as accruing, expectant on the decease of the said L. M., to which iier father. the said C. B. or the said A. B. in her right is now or shall or may hereafter be entitled under the said recited will of the (a) This deed must be acknowledged by the married woman. See 20 & 21 Vict. c. 57, suprd, p. 183. Digitized by Microsoft® 432 PURCHASE DEEDS. T^mahried'' ^^i^ ^- H., deceased, of and in the said sum of £10,000 so be- queathed as aforesaid, and the investments representing the same, and the annual income thereof : AND ALL the right and _ interest of her the said A. B. to and in the same :, To hold the said premises unto the said E. F., his executors, adminis- trators, and assigns, absolutely : And the said A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said E. F., his executors, a;dministrators, and assigns : That notwithstanding any thing by the said A. B., or by the said C. his wife, done or knowingly suf- fered to the contrary, the said A. B. and C. his wife now have good right to assign the premises hereby assigned, or expressed so to be, unto the said E. F., his executors, ad- ministrators, or assigns, in manner aforesaid, free from all in- cumbrances : And that the said A. B. and C. his wife, and all persons lawfully or equitably claiming from, under, or in trust for them, or either of them, shall and will at any time or times hereafter, upon the request and at the cost of the said E. F., his executors, administrators, or assigns, do and execute, or cause to be done and executed, all such acts, deeds and things for better and more effectually assuring the premises hereby assigned, or expressed so to be, unto the said E. F., his executors, administrators, and assigns, and also for enabling him and them . to receive, recover, and en- force the payment of the same respectively, to and for his and their own use and benefit, as shall or may be reasonably required. In witness, &c. A MARRIED WOMAN Of REVER- SIONARY PER- SONALTY. To pur- Chaser absolutely. Covenant by husband of vendor. for right to assign. and for further assurance, CXXI. RELEASE BY RELEASE by a Married Woman of her Equity to a w^M^N OF Settlement in Personalty (a). EQUITY TO A TJnT this INDENTURE, made, &c.. Between A. B., wife of C. B. of, &c. (releasor), of the first part, the said C. B. of the second part, and E. F. of, &c., and G. H. of, &c. (trustees) of ™ttig *^^ *^"'^ P^"^* = Whereas X. Y., late, of, &c., deceased, duly (a) This deed must be acknowledged by the married Vict. c. 57, suprd, p. 183. woman. See 20- & 21 Digitized by Microsoft® PURCHASE DEEDS. 433 , of till : logacj the funds. made his will, dated the day of , and thereby he ^^-^^/^^ ^y ^ ^ J ** A MARRIED bequeathed the sum of £5000 to the said E. F. and G. H., ^'^^ °'' . ^ • •> EQUITY TO A their executors, administrators, and assigns, upon trust to in- ^,^™" vest the same and vary the investments in respect thereof as ,^ ^ ^^ — therein mentioned, and to pay the annual income of the said ^,^™*f™ trust monies, stocks, funds, and securities, unto L. M. and his J™^^'"*'"" assigns for his life, and from and after his decease the said tes- "^"^l^ tator declared that the said trust monies, stocks, funds, and twrntj-'one. securities should be divided between all the children of the said L. M. who should sui-vive him the said L. M., and attain the age of twenty-one years (Death and probate of the will of X. Y.) : And whereas the said L. M. died on the day of Death of , leaving two children only him surviving, namely the said lifeje/v-' A. B. and : And whereas both of them the said A. B. cwkiren, and have attained the age of twenty-one years : And beLgo'ne. "^ WHEREAS pursuant to the trust for this purpose contained in '^^^ y^^^^ the said recited will, the said E. F. and G. H. shortly after the J^'^^tjine. death of the said X. Y., invested the sum of £5000 (part of the iiivestmeut personal estate of the said X. Y., deceased), in the sum of legacy £ , £3 per cent. Consolidated Annuities in the names of the said E. F. and G. H., and the same sum of £ , £3 per cent. Consolidated Annuities is still standing in their names : And Desire of WHEREAS the said A. B. is desirous of releasing her right and extSsu equity to a settlement in her share in the said sum of £ , settieme'iit. £3 per cent. Consolidated Annuities, and in the future divi- dends thereof, in manner hereinafter mentioned : NOW THIS INDENTURE WITNESSETH, that for effectuating the aforesaid desire, it is hereby expressly declared by the said Declaration A. B., with the concurrence of her said husband testified by his wuh 'S'"^ executing these presents, that they the said E. F. and G. H., cracumnce their executors, administrators, and assigns, shall henceforth that trustees . ' ' ° ' . shall hold hold the moiety or equal half part or share of her the said i>" share. A. B. under or by virtue of the said recited will in the said her husband sum of £ , £3 per cent. Consolidated Annuities, and in the from h^'^ future dividends thereof, In trust for the said C. B., his exe- Sttieme'nr cutors, administrators, and assigns, absolutely released and discharged from all right and equity to a settlement, and every other right, title, and interest whatsoever of her the said A. B. in the said moiety or equal half part or share. Annuities, dividends, and premises, and every part thereof respectively. In witness, &c. VOL. I. F F Digitized by Microsoft® 434 PURCHASE DEEDS. , No. CXXII. -ASSIGTTMENT BY A WOMAN MARRIED since the 9th op AVQUST, isro. ASSIGNMENT of Leaseholds by the Widow and Married Daughter of an Intestate, the Daughter having Married since the 9th of August, 1870. The Husband does not join. THIS INDENTURE, made the -, Between Recite Marriage of one of vendors. Death of lessee intes- tate, leaving widow and daughter sole next of kin. Letters of administra- tion to efTects of That all the funeral and admin- istration expenses and debts have been paid. Agreement for sale. Considera- tion paid to separate use of vendor. - day of A. B. of, &c. {administratrix), of the first part, C. D. of, &c. {vendor), of the second part, and E. F. of, &c. {purchaser), of the third part : Whereas by an indenture of lease dated the day of , and made, &c. {Here recite lease under which the property was demised to G. H. for eighty years at a rent of £10 and under certain covenants, and set out the parcels as in the lease,) And whereas the said C. D. inter- married with and became the wife of on the 10th day of January, 1871 : And whereas the said G. H. died on the 5th day of August, 1871, intestate, leaving the said A. B. his widow, and the said C. D. his only child him surviving, and letters of administration of his personal estate and effects were granted to the said A. B. on the day of by the principal Registry of the Probate Division of the- High Court of Justice : And. whereas all the funeral and administration expenses and also all the debts of the said G. H. have been duly paid and satisfied as she the said A. B. doth hereby declare : And whereas it is apprehended that the said leasehold premises now belong beneficially as to one third part thereof to the said A. B., and as to the other two third parts thereof to the said C. D. for her sole and sepa- rate use : And whereas the said A. B. and C. D. have agreed with the said E. F. for the absolute sale to him of the said leasehold premises for the residue now unexpired of the said term of eighty years at the price of £ : NOW THIS IN- DENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ , being one third part of the said purchase money to the said A. B. and the sum of £ being the remaining two third parts of the said purchase money to the said C. D., for her separate Digitized by Microsoft® PURCHASE DEEDS. 435 use, now paid by the said E. F., the receipt whereof respec- by Twomax tively the said A. B. and C. D. do hereby acknowledge, and s"nue'the from the same do hereby release the said E. F., The said A. B., ^cgust, as such administratrix as aforesaid, doth hereby assign, and the ^!!2: said A. B. and C. D. as beneficially entitled between them to J^^^" the said premises, do hereby also assign and confirm unto the p'"'"'^'* said E. F., his executors, administrators, and assigns. All and SINGULAR the hereditaments and premises comprised in and demised by the said recited indenture of lease (and all the estate, dc.) : To have and to hold the hereditaments and premises hereby assigned or expressed so to be unto the said ^^'rerfdur'^ E. F., his executors, administrators, and assigns, for all the <•"*''"'• residue now unexpired of the said term of eighty years at the said yearly rent of £10, and under and subject to the covenants and conditions therein contained, and on the pai-t of the lessee, his executors, administrators, and assigns, to be observed and performed : And the said A. B., as to one third part of the covenanta said premises, and the said C. D. as to the two other third parts thereof, and with intent to bind her separate estate, do hereby, for themselves respectively and their respective heirs, executors, and administrators, covenant with the said E. F., his executors, administrators, and assigns, That notwithstanding anything done or knowingly suffered to the contrary by the said A. B. and C. D. respectively, or the said G. H. deceased, the said A. B. and C. D. now have, &c. (Covenant for right to assign, for quiet enjoyment for residue of term, free from in- cumh-ances, and for further assurance). {Covenant by E. F. with A. B. and C. D. to pay future rent and to observe lessee's covenants). In witness, &c. No. CXXIII. ASSIGNMENT of Leasehold Premises and Fixtures assignment ■' OF LEASE- for the Separate Benefit of a Married Woman, HOLna a.nd ./ ^ FIXTURES who advances the Purchase Monet out of her Sepa- „j°k RATE Estate. '^°"*''- THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. [vendor), of the first part, C. D. of, &c. and E. his V V 2 Digitized by Microsoft® 436 PURCHASE DEEDS. AssioNMEifT Tff[fQ ( puTchaser), of the second part, and G. H. of, Sec. (trustee), OF LEASE- \ ^ /' i- ' ^ HOLDS AHD of ^^g third part (Recite lease to A. B): And whekeas the ^°=' said E. D., with the privity and concurrence of her said hus- MARRIED ' C J ^Q"^"- band, hath contracted with the said A. B. for the absolute Recite lease, purchase of the mcssuage and premises comprised in and de- b| wife™ mised by the hereinbefore recited Indenture of lease, for the lease and residue of the term thereby granted, with the fixtures in and about the same, at the price of £, , to be paid out of the estate and fortune of the said E. D., and the said premises are to be assigned for the separate use of the said E. D. as herein- witnessing after expressed : NOW THIS INDENTURE WITNESSETH, part. ^ , , , . considera- that In pursuance of the said agreement, and m consideration *'™' of the sum of £ to the said A. B. now paid by the said E. D. out of her separate estate, with the privity and con- currence of the said C. D. her husband,, testified by his exe- vendor cutlug these prescuts (the receipt, do.), The said A. B., by and ass'igns. the direction of the said C. D. and E. his wife, doth hereby demise and assign unto the said G. H. and 0. D. respectively, and their respective executors, administrators, and assigns. All Leaseiioids j^^nd SINGULAR the messuage or teneiiieDt, land and premises comprised in and demised by the hereinbefore recited inden- and fixtures, ture of lease, or expressed so to be : And also the fixtures, articles, and things in or about the said premises, which are specified in the schedule hereunder written: And all the Habendum ESTATE, &c. : To HOLD the Said premises hereby demised and trasteeV assigned, or expressed so to be (except such of them as are tem^ex"^ of the nature of fixtures, articles, or things remo^eable by the da|)/and tenant), unto the said G. H., his executors, administrators, and thereto to assigns, for the residue of the said term of years granted residue"""^ by the said indenture of lease (except the last day thereof) : and subject thereto, To HOLD the same premises unto the said C. D., his executors, administrators, and assign.^!, for all the residue of the said term of years, granted by the said in- denture of lease, subject to the rent, covenants, and conditions by and in the same Indenture contained, and on the part of the lessee, his executors, administrators, and assigns, to be ob- served and performed, But so that the said G. H., his exe- cutors or administrators, shall not be personally liable for or Habendum in rcspect of the said rent, covenants and conditions : And AS TO nX^ _ rt ^ tores to TO HOLD such of the Said premises hereby demised and as- signed, or expressed so to be, as are of the nature of fixtures, articles, or things removeable by the tenant, unto the said Digitized by Microsoft® term. PURCHASE DEEDS. 437 ASSIONMEN P OF LEASE- HOLDS AMD PIXTUBES FOR MARRIED WOMAN. G. H., his executors, administrators, and assigns absolutely, But nevertheless as to all the said premises hereby demised and assigned, upon the trusts hereinafter declared : And it is HEBEBY AGBEED AND DECLARED, that the said G. H. and C. D. respectively, and their respective executors, administrators, and o/tlS'ot assigns, shall stand possessed of all the said premises hereby i^^Sres. demised and assigned respectively upon trust in the first place, that out of the rents and profits thereof, the rent reserved by the said indenture of lease, and the covenants and conditions therein contained, and on the part of the lessee, his executors, administrators, and assigns, to be observed and performed, shall as from the day of now next, be respectively paid, observed, and performed. And subject thereto. Upon such TRUSTS as the said E. D. shall at any time or times, by any deed or deeds, or by her will or any codicil thereto, and whether under coverture or not, appoint, and in default of and until such appointment, and so far as any such appointment shall not extend. In trust for the said E. D., during the joint lives of the said C D. and E. D. for her separate use, free from the control, debts, and engagements of the said C. D. : And from and after the decease of one of them the said C. D. and E. D., upon the trusts following, that is to say, If the said E. D. shall survive the said C D., In trust for the said E. D., her executors, administrators, and assigns ; But if the said E. D. shall die in the lifetime of the said G. D., then In trust for the said C. D. during his life ; And after his decease, In trust for the person or persons who under the statutes for the distribution of the estates of intestates would have been en- titled thereto at the decease of the said E. D. if she had died possessed thereof intestate and a widow, and, if more than one, as tenants in common in the shares in which they would have taken the same under the same statutes : And the said A. B. covenant doth hereby, for himself, his heirs, executors, and adminis- trators, covenant with the said G. H., his executors, adminis- trators, and assigns, and (as a separate and distinct covenant) with the said C. D., his executors, administrators, and assigns. That notwithstanding any things by the said A. B. done, or that lease is knowingly suffered to the contrary, the said recited lease is a valid and subsisting lease in the law of the premises thereby demised, and is still in full force for all the unexpired residue of the said term of years thereby granted : And that the ^^^^''^^'tg y«arly rent thereby reserved, and all the lessee's covenants and p^Jj^^^^- Digitized by Microsoft® 438 PUKCHASE DEEDS. OF LEASE- H0LD6 AND FIXTtlKES FOR MARBIED ■H'OMAM. ''oFLSr conditions contained in the said lease, have been or shall be duly paid, observed, and performed up to the day of now next : And that notwithstanding any such act, deed, or thing as aforesaid, the said A. B. now hath good right todemiS^'"' to demise and assign the said premises hereby demised and and assign ; assigned, or expressed so to be, in manner aforesaid : And enjoyment; THAT the Said premises shall be peaceably and quietly held and enjoyed, and the rents and profits received and taken under and according to these presents, without any eviction, inter- ruption, or denial from or by the said A. B., or any person or persons lawfully or equitably claiming from, under, or in ^^ . trust from him : And that free from all incumbrances made, from incum- created, or occasioned by the said A. B., or any person or snd for persons lawfully or equitably claiming as aforesaid : And further • t l t\ in i* icn assurance. THAT the Said A. B., and all persons having or lawiuUy or equitably claiming as aforesaid, will from time to time, and at all times hereafter, upon the request and at the cost of the said E. D., her executors, administrators, or assigns, do and exe- cute, or cause to be done and executed, all sucb acts, deeds, and things, for more effectually assuring the said premises in purchaser"' manner aforesaid as shall or may be reasonably required : And ior^yment THE SAID C. D. doth hereby, for himself, his heirs, executors, of rent, administrators, and assigns, covenant with the said A. B., and ohaerv- , , , , . auceof his cxocutors and administrators, that from the day of covenants, , ^ •^ now next, and during the then residue of the said term by the said recited lease granted, the said yearly rent reserved by the said lease, and all the lessee's covenants, conditions, and agreements, contained in the said recited lease, shall as from the day of now next, be paid, observed, and per- formed by the person or persons for the time being bene- ficially entitled to the said premises under the trusts herein- before declared, and also that the said C. D., his executors, administrators, or assigns, will at all times hereafter keep taderanify indemnified the said A. B., his heirs, executors, and adminis- Iga?n°tthe trators, and his and their estates and effects, from all actions, same. g^itg^ and Other proceedings, and from all costs, losses, damages, and expenses, which he or they shall respectively incur or sufifer by reason of the non-payment or non-observance thereof Rcwso that respectively : Pkovided always, that as between the said shall bf ^- •^- ^^^ ^^^ representatives- on the one hand, and the said fiawe'fo'the pi'emises hereby demised and assigned on the other hand, the rent, te. gj^j^ premises, and the person or persons beneficially entitled Digitized by Microsoft® PURCHASE DEEDS. 43d thereto, shall be charged with the payment of the aforesaid rent; and with the obligation to observe and perform the said covenants and conditions, in exoneration of the said C. D., his heirs, executors, and administrators, and his and their estate and effects : But this present proviso shall not in any manner affect the said A. B., his executors, administrators, or assigns. In witness, &c. ASSIGNMENT OF LEASE- HOLDS AND FIXTURES FOB MARRIED WOMAN. No. CKXIV. CONVEYANCE to a Married Woman, the Purchase ^^hen being made out of the Savings from Business, carried on by her Separately under a Protection MABRIED WOMAN P0R0HASE8 WITH SAVINGS OwniTP °^ BU6INE88 ' V^-KIJ^-K. CARRIED ON UNDER THIS USTDENTURE, made the day of , Between ^'l^^"'' A. B., of, &c. (vendor), of the first part, C. D., of, &c., the wife ^^;^ of X. D., but living separate from him under the Protection Order hereinafter recited, of the second part, and E. F. of, &c. (trustee), of the third part : Whereas, by an order dated the Eecite order day of , 18 — , made at a Petty Sessions of the Peace Cuce^^'at holden for the Petty Sessional Division of D , in the county sionJ, ^™' of G , at the town-hall, D , in the said county, before . ^ four of Her Majesty's Justices of the Peace in and for the said county, and acting for the said division, and under the hands and seals of the said justices. After reciting that the said C. D. the wife of X. D., complained to them the said justices in petty sessions assembled, that the said X. D. had deserted her, and she prayed that they might make an order to protect any money or property she might acquire by her own lawful industry, and property she might become possessed of after such desertion, against her said husband or his creditors, or any person claiming under him. And that it being then proved before them the said justices upon oath and otherwise, that on tiie - day of , 18 — , at the parish church of W , in the said county of G , the said C. D. had been duly married to the said X. D., and that afterwards on or about the day Digitized by Microsoft® 440 PURCHASE DEEDS. WHEN MARRIED WOMAN PURCHASES WITH SAVINGS OF BUSINESS CARRIED ON UNDER PROTECTION ORDER. that earn- ings and property asquirea by married woman after desei"tion should be- long to her as feme sole. Order en- tered with Registrar. Agreement toy mamed woman ior purchase. Considera- tion. Vendor conveys to uses as purchaser shall ap- point, and subject to appoint- ment to trustee for her as /eme soU. of ^ 18 — J the said X. D. without reasonable cause had de- serted her, and that she was then maintaining herself by her own industry, They the said justices being satisfied of the truth of the facts so proved before them as aforesaid, did thereby in pursuance of the statute in such case made and provided order that the earnings and property of the said C. D., acquired or to be acquired by her since the commencement of such de- sertion as aforesaid, should thereafter be protected from the said X. D, her husband, and from all creditors and persons claiming, or who might thereafter claim under him, and that all such earnings and property should belong, and should be deenaed to belong, to the said C. D.^as if she were a feme sole: And WHEREAS, the said order was entered with the registrar of the county court of G , holden at D , on the day of , 18 — : And whereas the said C. D, has agreed with the said A. B. for the absolute purchase of the hereditaments in- tended, to be hereby granted, and the inheritance thereof in fee simple, and she has requested the said A. B. to convey the same to the uses hereinafter declared, for the sum of £ . : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ paid to the said A. B. by the said C. D. on or before the exe- cution of these presents, out of earnings and property acquired by her since the commencement of her desertion by her said husband, as she doth hereby declare {the receipt, dc.), the said A. B. doth hereby grant unto the said E. F. and his heirs, All, &c. {parcels, general words, and all the estate, dc), To hold the same unto the said E, F. and his heirs. To such uses as the said C. D. shall by any deed or deeds or by her will appoint, and in default of such appointment, and so far as any such ap- pointment shall not extend, To the use of the said E. F., his heirs and assigns. In trust for the said C. D., her heirs and assigns, for her sole and separate use as if she were a feme sole. {Covenants for title.) In wttness, &c. Digitized by Microsoft© PURCHASE DEEDS. 441 No. CXXV. ASSIGNMENT of the Benefit of an Agreement for the assionkent •' *' »' OF BENEFIT Sale of Freeholds (a). <>' """^^ ** \ ' MF.MT FOR MENT FOB SALE. THIS INDENTURE, made.&c, Between A.B., of, &c. (vendor), of the one part, and C. D., of, &c. (pv/rchaser), of the other part : Recite Whereas by a memorandum of agreement made and entered tesXto into the day of between G. H. of the one part, ^™'*"" and the said A. B. of the other part, the said G. H. agreed with the said A. B. for the sale to him of All that, &c. (parcels), and the inheritance thereof in fee simple in posses- sion, free from all incumbrances, at the price of £1000, and it was by the said agreement provided that on payment of the said purchase-money or sum of £1000 on the day of as therein mentioned, the said G. H. should execute a convey- ance of the said hereditaments and premises unto and to the use of the said A. B., his heirs and assigns, or as he or they should direct : And whereas no part of the said purchase- That no money, or sum of £1000, hath been paid by the said A. B. pur- porchase- ,-., . 1.1 money had suant to the aforesaid agreement : And whereas the said teen paid. A. B. hath lately contracted with the said C. D. for the sale and bf™S* transfer to him of the benefit of the said agreement, subject to intoreet"' the liability thereunder, at the price of £50 : NOW" THIS IN- ^eem*^nt. DENTURE WITNESSETH, that in pursuance of the aforesaid agreement, and in consideration of the sum of £50 to the said A. B. paid by the said C. D. on or before the execution of these presents (the receipt, dc), he the said A. B. doth hereby grant ^^^Jj^?/ and assign unto the said C. D., his heirs, executors, and admi- {."^J^y" nistrators. All the estate and interest of him the said A. B. in ^^^^^t the said hereditaments and premises so agreed to be purchased ^'^; by him the said A. B., and comprised in the said recited agree- ment as aforesaid, and the full benefit and advantage of the said agi-eement : To hold the said premises unto the said C. D., his heirs, executors, administrators, and assigns for ever, subject (a) See M'Creight v. Foster, L. R. 5 C. A. 604 ; affirmed on appeal 27 L. T. B. N. S. 281 ; Crabtree v. Foole, L. R. 12 Eq. 13. Digitized by Microsoft® 442 PUKCHASE DEEDS. OTEF™™ nevertheless as hereinafter mentioned : And the said A. B. M^ENTFOK <^oth hereby, for himself, his heirs, executors, and adminis- ^''^^' trators, covenant with the said C. D., his heirs and assigns, by vendor that the Said A. B. hath not at any time heretofore done or Sm- knowingly suifered, or been party or privy to any act, deed, or ranees, t]jiijg -whereby he is or can be prevented from granting and assigning the said premises unto the said C. D., his heirs, exe- andfor cutors, administrators, and assigns, in manner aforesaid : And assurance. FURTHER, that the Said A. B., his heirs, executors, and adminis- trators, shall, from time to time, and at all times hei'eafter, upon every reasonable request and at the cost of the said C. D., his heirs, executors, administrators, or assigns, execute and do every lawful deed, act, and thing for effectually enabling the said C. D., his heirs, executors, administrators, and assigns to obtain and enjoy the full benefit of the said recited agreement : pSS'er^'' And the said C. D. doth hereby for himself, his heirs, exe- ^?c*hase- cutors, and administrators, covenant with the said A. B., his perfoJui™'^ executors, administrators, and assigns, that he the said C. D. inthe '™^ shall and will duly pay the said purchase-money or sum of £1000, and duly perform all other the stipulations contained in the said recited agreement, so far as the same relate to the said A. B., and shall and will at all times hereafter effectually keep harmless and indemnified the said A. B., his heirs, executors, and administrators, from and against all actions, proceedings, costs, charges, claims, and demands, for or on account of such stipulations respectively. In witness, &c. Digitized by Microsoft® PURCHASE DEEDS. 443 No. CXXVI. CONVEYANCE hy a Tenant for Life of a Piece of conveyance Land to a School Board {a). ™bo™d°'' THIS INDENTURE, made the day of , Between Parties. A. B., of, &c. {vendor), of the first part, C. D., of, &c., and E. F. of, &c. {trustees), oi\h.e second part, and the School Board for of the third part : Whereas under the will of X. Y. of, &c., the Eocite that . . A. B. is said A. B. is tenant for life of the piece of land intended to J?"*!*' f<"" be hereby granted with remainders over : And whereas the Agreement said School Board being desirous of acquiring the said piece of Board to land as a site for a school, has, under the powers in that behalf^"" *^°' vested in the said Board by the Elementary Education Act, 1870, agreed with the said A. B. for the purchase of the fee simple thereof for the sum of £100, which sum has been determined to be not less than the value thereof by the valuation in writing of G. H. of, &c., and I. K. of, &c., two able practical surveyors, the said G. H. being nominated by the said A. B., and the said I. K. being nominated by the said School Board, and which said G. H. and I. K. have annexed to their valuation a declaration in writing subscribed by them of the correctness thereof : And whereas by a writing dated Appoint- ■' ° ment of the day of , under the hand of the said A. B., the trustees to •^ ' receive tlie said C. D. and E. F. have been nominated trustees to receive p^^""^"^*" the purchase-money, and such nomination is approved of by the said School Board, as the said School Board doth hereby declare: NOW THIS INDENTURE WITNESSETH, that witnessing in pursuance of the said agreement, and in consideration of the Vendor said sum of £100 now paid to the said 0. D. and E. F. as such ™°™'" trustees as aforesaid by the said School Board (the receipt whereof the said C. D. and E. F. do hereby acknowledge) (b) ; The said A. B., pursuant to the power for this purpose conferred (a) School Boards are empowered by the 19tli section of the " Elementary Powers of Education Act, 1870," to provide school houses, and improve enlarge and fit |^^'^ ^ up any school house provided by them, and to purchase and take on lease purchase, any land and any right over land. «"=• (6) If the purchase money amounts to .£200, this sum must be paid into the Bank of England, to the account and with the privity of the Pay- master General for the time being, on behalf of the High Court of Justice, Chancery Division. Digitized by Microsoft® 444 PUKCHASE DEEDS. •^J^^f OD him by the said Act, or any Act incorporated therewith, °°^''°- doth hereby convey unto the said School Board, their successors and assigns, All that, &c. {parcels), Together with all ways, rights, and appurtenances thereto belonging : And all SUCH ESTATE, right, title, and interest in and to the same as the said A. B. now is or shall become seised or possessed of, or is by the B ^""^ ^^^^ ^^^ empowered to convey. To HOLD the premises to the *««• said School Board, their successors and assigns, for ever, ac- cording to the true intent and meaning of the said Act : And THE SAID A. B., &c. {Covenants for title.) In witness, &c. Digitized by Microsoft® COVENANTS FOE PEODUCTION. No. I. DEED of Covenant hy Vendor for the Production of covenant JJEEDS, &C. (a). PBODUCTION OF DEEDS, THIS INDENTURE, made the day of , Between ^°- A. B. of, &c. {covenantor), of the one part, and C. D. of, &c. ^*^'°'' {covenantee), of the other part {Recite conveyance hy A. B. of hereditaments to C. D. to uses to bar dower) : And whereas Recite that the deeds and writings, comprised in the schedule hereto, relate as wliuo" not only to the hereditaments granted by the hereinbefore re- vendor. cited indenture, but also to other hereditaments of the said A. B., and it hath therefore been agreed that the said A. B. Agreement shall retain the same deeds and writings, and shall enter into shau enter such covenants in respect thereof as are hereinafter contained : nant for NOW THIS INDENTURE WITNESSETH, that in pursuance wiping of the said agreement, and in consideration of the premises, he *""*" the said A. B. doth hereby for himself, his heirs, executors, ad- covenant mihistrators, and assigns, covenant with the said C. D., his [ap- f/rproduo- pointees] {b), heirs, and assigns, that he the said A. B., his heirs docnments and assigns, shall and will, unless prevented by fire, or some other °"'*'''' inevitable accident, from time to time, and at all times hereafter upon every reasonable request, and at the cost of the said C. D., his [appointees] heirs, or assigns, produce or cause to be pro- duced unto him or them, or his or their attomies or agents, or at any trial, hearing, commission or examination, or other- (o) It is generally desirable that the covenant for production of title deeds, should be by a separate deed, in order to avoid notice upon the face of the purchase deed of the prior title. But if all the deeds covenanted to be pro- duced are recited in, or otherwise appear on the face of the conveyance, the covenant may properly be inserted therein, after the covenant for further assurance. (b) If the conveyance is to C. D. in fee, instead of to uses to bar dower, the word " appointees " will be omitted throughout. Digitized by Microsoft® 446 COVENANTS fOR PRODUCTION. COVENANT FOR PRODUCTION OP DEEDS, ETO. wise as occasion shall require, all or any of the deeds and writings comprised in the schedule hereto, for the purpose of showing his or their title to the hereditaments comprised in the and to said indenture bearing even date herewith, or any part thereof: attested and ^ffj) ALgQ at the like request and cost, deliver or cause to be other copies ' ^ ' . thereof, &o. delivered unto the said C. D., his [appointees], heirs, or assigns, such attested or other copies, or extracts of or from, the said deeds and writings, or any of them, as he or they may require : And shall and will, in the meantime, unless prevented as afore- said, keep the same deeds and writings safe, unobliterated, and uncancelled (c). In witness, &c. The Schedule referred to in the above-written Indenture. No. II. rovENANT DEED of Covenant from One Purchaser to Another BY ONj' '""wfTH™ ■^°'^ *^^ Production of Deeds, dc, which relate to ANOTHER Both the purchased Properties. TF°DEED'a°.'' THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. {cov cnautor) , of the one pai-t, and C. D. of, &c. (c) Vendors, who have a heneficial estate in the land, cannot insist on the following proviso being appended, unless it is previously stipulated for The form is here given for use in those cases where the contract for sale pro- vides lor the insertion of such a proviso : — Provided always, and it is hereby agreed and declared that m case the said A. B., his heirs or assigns, shall deliver the said deeds and writmgs to any future purchaser or purchasers of any of the hereditaments to which the same relate or to any other person or persons for the time being entitled to the custody of the said deeds and writings, and shall thereupon at his or their own costs and charges procure such purchaser- or purchasers, person or persons, to enter into a covenant with the said 0. D. his heirs and assigns, similar in all respects to the covenant hereinbefore contained, then and in such case and immediately thereupon the covenant hereinbefore contained shall cease and become void. Digitized by Microsoft® COVENANTS FOR PRODUCTION. 447 COVENANT BY ONE (covenantee), of the other part: Whereas by an indenture dated the day of , and made between E. F., of the ^"^^^T" one part, and the said A. B., of the other part, for the considera- "po™" tions therein mentioned, certain lands and hereditaments ^'oF'oSa.^ situate, &c., and therein particularly described, were conveyed Recite con- by the said E, F. unto and to the use of the said A. B., his ffir^ one heirs and assigns : And whereas, by an indenture bearing p'™''**'"'- even date with but executed prior to the execution of these presents, and made between G. H., of the first part, the said C. D., of the second part, and M. N., of the third part, for the considerations therein mentioned. All, &c., and therein par- on^nXYo" ticularly described, have been conveyed by the said G. H. to p"f'ha9er. such uses as the said C. D. shall by any deed or deeds appoint, and subject thereto, to the use of the said C. D., and his assigns for his life, with a limitation to the said M. N. and his heirs, during the life of the said C. D., in trust for him and his assigns, with remainder to the use of the said C. D., his heirs and assigns : And whereas the deeds and writings comprised ™*\^^4'' in the schedule hereto, relate as well to the hereditaments com- prop"^;^, prised in the said indenture of the day of , as also to the hereditaments comprised in the said indenture bearing even date herewith, and the same have been delivered to the said A. B., who has agreed to enter into such covenants in respect ment^y^" thereof as are hereinafter contained : NOW THIS INDEN- SSr Z't TUBE WITNESSETH, &c. (Covenant by A. B. for production 'CSr" of deeds, c&c. supra, p. 445.) nantfor T o production In witness, &C. witli other purchaser. The Schedule referred to in the above-written Indenture. COVENANT No. III. DEED of Covenant by Purchaser, to whom the Deeds, dc, are delivered, for Production to dbotios by PURCHASER Vendor. wi™ TENDOR, THIS INDENTURE, made the day of , Between Forties, A. B. of, &c. (covenantor), of the one part, and C. D. of, &c. ^/°^^/^fj, (covenantee), of the other part : Whereas by an indenture ^"i,«°e Digitized by Microsoft® 448 COVENANTS FOR PRODUCTION. COVENANT FOR PRO- DUCTION BY PURCHASER WITH VENDOR. of greater value to covenanttir. That deeds, &c., relate to heredita- ments con- veyed as well as to other here- ditaments of less value retained by vendor. Delivery of - deeds to purchaser on the un- derstanding that he would enter into cove- nants here- inafter con- tained. Covenant by pur- chaser with vendor for production of deeds, &c.. and for delivery of copies, &c.. and to pre- serve deeds, &c. bearing even date with these presents, and made between the said C. D., of the one part,^ and the said A. B., of the other part, certain hereditaments in the parish of , in the county of , therein particularly described, have been granted by the said C. D. unto and to the use of the said A. B., his heirs and assigns for ever : And whereas the deeds and writings comprised in the schedule hereto relate as well to the heredita- ments so conveyed to the said A. B. as aforesaid, as also to other hereditaments of less value retained by the said C. D. : And whereas on the completion of the said purchase the said deeds and writings were delivered to the said A. B. upon the understanding that he should enter into such covenants with the said C. D. as are hereinafter' contained : NOW THIS IN- DENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the premises, The said A. B. doth hereby for Mmself, his heirs, executors, administra- tors, and assigns, covenant with the said C. D., his heirs and assigns, that he the said A. B., his heirs and assigns, shall and will from time to time and at all times hereafter at the request and cost of the said G. D., his heirs or assigns, unless prevented by fire or some other inevitable accident, from time to time and at all times hereafter, upon every reasonable request and at the cost of the said 0. D., his heirs and assigns, produce or cause to be produced unto him or them, or his or their attoruies or agents, or at any trial, hearing, commission, or examination, or otherwise as occasion shall require, all or any of the deeds and writings comprised in the schedule hereto, for the purpose of shewing the title of the said C. D., his heirs or assigns, to the hereditaments so retained by him as aforesaid, or any part thereof : And also at the like request and cost deliver or cause to be delivered unto the said C. D., his heirs or assigns, such attested or other copies or extracts of or from the said deeds and writings, or any of them, as he or they may require : And shall and will in the meantime, unless prevented as aforesaid, keep the same deeds and writings safe, unobliterated, and un- cancelled. In witness, &c. The Schedule referred to in the above-written Indenture. Digitized by Microsoft® COVENANTS FOR PEODUCTION. 449 No. IV. DEED of Covenant hy a Mortgagke and Mortgagor i-ob pro- •^ "^ DUCTION OF tor the production 0/ Deeds, &c., to a Purchaser on d^km bv the Mortgagee's Eelease of a portion of the Lands ^^d covijrrised in the Mortgage. THIS INDENTURE, made the day of , Between rmtics. A. B. of, &c. (mortgagee), of the first part, E. F. of, &c. (mort- gagor), of the second part, and C. D. of, &c. (covenantee), of the third part : Whereas (Recite the indenture of mortgage Recite . , , , J 17 J mortgage to for securing the sum of £1000, and that the principal money covenantor. is still dnie and owing) : And whereas by an indenture indenture ^^ «' of even date bearing even date with these presents, and made between the 1°'^^^^^ same parties, certain hereditaments situate in the parish of ''^■■edita- f- -^ . ments coni- , in the county of , in the indenture now in recital ^jj^^j^^ ^^ particularly described (being a portion of the hei*editaments purchaser. comprised in the hereinbefore recited indenture of mortgage), have been conveyed by the said A. B., at the request of the said E. F., unto and to the use of the said C. D., his heirs and assigns for ever, absolutely discharged from the said principal sum of £1000, and the interest thereof, and all claims and demands in respect thereof respectively : And whereas the deeds and writings comprised in the schedule hereto relate to the hereditaments which still remain subject to the said recited indenture of mortgage, as well as to the hereditaments com- prised in the said recited indenture bearing even date here- with : And whereas the said A. B. and E. F. have agreed to Agreement . ^y niort- enter into such covenants m respect of the said deeds and g^gee and ■*■ mortgagor writings, as are hereinafter contained : NOW THIS INDEN- to enter " ' into cove- TURE WITNESSETH, that in pursuance of the aforesaid °«°t«- agreement, and in consideration of the premises. The said covenants A. B. and E. F., with intent to bind so far as they can all per- gageeand sons having for the time being the custody of the deeds and to produce writings hereby covenanted to be produced, but so that the purchaser. said A. B. shall be personally liable under this covenant so long only as he shall have the custody of the said deeds and writings, do hereby for themselves respectively and their re- spective heirs, executors, administrators, and assigns, covenant Digitized by Microsoft® 450 COVENANTS FOK PRODUCTION. rOR PRO- DUCTION OF DEEDS BY MORTGAGOR AND MORTGAGEE, with the said C. D., his heirs and assigns, that they the said covenanting persons, and their respective heirs and assigns, shall and will, &c. {Covenant for proiktction of the title deeds, supra, p. 445.) In WITNESS, &c. The Schedule referred to in the above-written Indenture. FOR PRO- DUCTION OF DEEDS BY TRUSTEES. Parties. Agreement that trustees shall retain deeds. Covenant by trustees for produc- tion of deeds, &c. No. V. DEED of Covenant by Tectstees for the Production of Deeds, &c. THIS INDENTURE, made, &c., Between A. B. of, &c. and G. D. of, &c. {covenantors), of the one part, and E. F. of, &c. {covenantee), of the other part {Recite the deed of trust under which the sale to E. F, has been made, and conveyance to E. F. by deed of even date) : And whereas the deeds and writings comprised in the schedule hereto, relate not only to the hereditaments conveyed by the said indenture of even date with these presents, but also to other hereditaments re- maining vested in the said A. B. and 0. D. as such trustees as aforesaid, and it hath been agreed that the said A. B. and C. D. shall retain the same deeds and writings, and enter into such covenants in respect thereof as are hereinafter contained: NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement and in consideration of the premises, The said A. B. and C. D., with intent to bind so far as they can all persons into whose hands the said deeds and writings shall come, but so as to be respectively personally liable under this cove- nant so long only as they shall respectively have the custody of the said deeds and writings, do hereby for themselves, their heirs, executors, administrators, and assigns, covenant with the said E. F., his heirs and assigns, that they the said covenanting persons, their heirs and assigns, shall and will {Covenant for the ^production of deeds, dc, see supra, p. 445). In witness, &c. The Schedule referred to in the above-written Indenture. Digitized by Microsoft® COVENANTS FOR PEODUCTION, 451 No, VI. FOB PRODUCTION OF SEEDS BY ONE PURCHASER WITH A DEED of Covenant for the Production of Deeds, dc, hy One Purchaser with a Former Purchaser of part of the Property, hy way of substitution for a similar Covenant which had been entered into hy the po^bc^'Sb. Vendor. THIS INDENTURE, made, &c., Between A. B. of, &c. Parties. {covenantor), of the first part, C. D. of, &c. (covenantee), of the second part, and E. F. of, &c. {covenantor under former deed), of the third part : Whereas, by an indenture dated, &c., and ^".K^'y made between E. F. of the one part, and the said C. D. of the o?™^"*,'"' other part, for the consideration thei-ein mentioned, certain me"^^' to hereditaments, situate, &c., were granted by the said E. F. unto '^^'^^'' and to the use of the said C. D., his heirs and assigns for ever, '''''*'^' and by an indenture bearing even date with the said indenture. ""<' contem- " ° ' poraneous the said E. F. entered mto a covenant with the said C. D. for ^^^ "' covenant the production of the deeds and writings comprised in the *J^jj^^°'' schedule hereto, subject nevertheless to a proviso that in case °l^^^ the said E. F., his heirs or assigns, should dispose of such of §g22^°J?^ the hereditaments to which the said deeds and writings should purehMer°Sf relate, as had not so been sold to the said C. D. as aforesaid, and JS'fti"'' should deliver the same deeds and writings to such purchaser, Sgfnto and should tliereupon> procure such purchaser to enter into a o™enant. covenant with the said C. D. similar to the covenant therein- before contained, then the said covenant should cease and become void : And whereas, by an indenture dated, &c., and ^^^^1 made, &c., for the consideration therein mentioned, such of the o? roSSider said hereditaments as were not so sold to the said C. D. as menfa!^'**" aforesaid, have been granted by the said E. F. unto and to the use of the said A. B., his heirs and assigns, for ever : And Arrange- •II- mentthat WHEREAS, upon the treaty for the last-mentioned sale it was purchaser of ^ '' reuiamder agreed that the said deeds and writings should be handed over ^^^^\^^^ to and held by the said A. B. as such purchaser as aforesaid, fn^^o^J. and that for the purpose of discharging the said E. F. from the °S|inTi"' obligation of the said covenant for that purpose contained in cTenantor. the said recited indenture of the day of , the said A. B. should enter into such covenants in respect of the same O G 2 Digitized by Microsoft® 452 COVENAKTS FOR PRODUCTION. FOR PRODUCTION OF DEEDS BY ONE PURCHASER WITH A FORMER PURCHASER, Delivery up of original deed of covenant. deeds and writings as are hereinafter contained : And whereas, in consequence of such arrangement the said C. D. hath imme- diately before the execution of these presents, delivered up to the said E. F. the said recited indenture of covenant, dated the day of , as he the said E. F. doth hereby acknow- ledge : NOW THIS INDENTURE WITNESSETH, that in pursuance of the aforesaid agreement, and in consideration of the premises, &c. {Covenant by A. B.for the production of deeds, dc,y to C, Z>. dc,, suprdj p. 445.) In witness, &c. The Schedule referred to in the above-written Indenture. FOR PRODUCTION WHERE BALE MADE UNDER POWER OF SALE AND EXCHANGE. Parties. Recite settlement. Conveyance bearing even date to purchaser. No. VII. DEED of Direction and Appointment to Peoduce Title Deeds hy Trustees selling under a Power of Sale and Exchange in a Settlement ; the Tenant for Life joins to Covenant for Production during his Life. THIS INDENTURE, made the day of , Between E. F. of, &c. aud G. H. of, &c. (trustees), of the first part, A. B. of, &c. (tenant for life), of the second part, and C. D. of, &c. (purchaser), of the third part : Whereas, under or by virtue of an indenture of settlement dated, &,c., and made, &c., the said A. B. is tenant for life in possession of divers heredita- ments thereby settled, and the said E. F. and G. H., as the trustees of the said indenture, have a power of sale and ex- change over the said hereditaments exercisable at the request of the said E. F. : And whereas, by an indenture bearing even date with these presents, and made between, &c. (state parties) the said E. F. and G. H., in exercise of the said power, and for carrying into effect a contract for sale, have, at the request of the said A. B., appointed a farm and lands called Farm, situate in the parish of , in the county of , therein more particularly described (being part of the settled heredita- ments) to the use of the said C. D., his heirs and assigns, for Digitized by Microsoft® COVENANTS FOK PEODUCTION. 453 FOB PRODUCTION WHERE SALE MADE UNDER POWER OF &AI.E AND EXCHANGE. ever : And WHEEEAS the deeds and writings comprised in the schedule hereto relate not only to the hereditaments assured by the said indenture of even date with these presents, but also to other hereditaments remaining subject to the uses of the said indenture of settlement : And whereas upon the That deeds treaty for the said sale it was agreed that the said E. F. to'ouie^'' and G. H. should make such direction and appointment, and nfents**^ that the said A. B. should enter into such covenant in respect ubm of of the said deeds and writings as are hereinafter respectively ^^^^ contained: NOW THIS INDENTURE WITNESSETH, J'^tf^ t» that, in pursuance of the said agreement in this behalf, The Appoint- said E. F. and G. H. by force and virtue of all powers (if trustees ,., 'i-i that personi any) for this purpose vested in them under the said inden- entitled to •> ' >: ^ _ custody of ture of settlement or otherwise, do hereby direct and appoint deeds shau •^ _ ^ *■ produce that the person or persons who shall for the time being be the™- entitled to the custody of the deeds and writings comprised in the schedule hereto, shall, unless prevented by fire or some other inevitable accident, from time to time and at all times hereafter upon every reasonable request, and at the cost of the said C. D., his heirs or assigns, produce or cause, &c. (as in Precedent No. I., p. 445, to the end) : And the said g°'Slt A. B. (so as to be liable during his life, and so as to bind also p/o^ucUMi. so far as he can his successors in title, but so that his own estate after his death shall not be answerable under this covenant) doth hereby for himself, his successors in title, and assigns, cove- nant with the said C. D., his heirs and assigns, that he the said A. B., his successors in title, and assigns, shall and will at all times and in all respects comply with and observe the direction and appointment hereinbefore contained. In witness, &c. The Schedule befeered to in the above-written Indentuee. Digitized by Microsoft® 454 COVENANTS FOE PEODUCTION. No. VIII. BY TENANT FOK LIFE POR PEODUC- TION OP DEEDS. DEED of Covenant hy Tenant for Life mnder a settle- ment for the Production of Title Deeds, where the Trustees do not concur (a). Parties, Eecite con- veyance of even date. That deeds relate to other pro- perty of tenant for life. Agreement that he shall retain deeds. Witnessing part. Covenant hy tenant for life for production, &c, ' THIS INDENTURE, made the day of , Between A. B. of, &c. (tenant for life), of the one part, and 0. D. of, &c. (pii/rchaser), of the other part: Whereas by an indenture dated, &c., and made, &c. : All that, &c. (describe parcels shortly), have been assured to the use of the said G. H., his heirs and assigns for ever : And whereas the deeds and writings comprised in the schedule hereto relate not only to the hereditaments assured by the said indenture, but also to other hereditaments of which the said A. B. is tenant for life under an indenture of settlement, dated the day of , and made between, &c. (state parties) : And whereas upon the treaty for th§ said sale, it was agreed that the said A. B. should retain the said deeds and writings, and enter into such cove- nants in respect thereof as are hereinafter contained : NOW THIS INDENTURE WITNESSETH, that in consideration of the premises, the said A. B. (so as to be liable during his life, and so as to bind also so far as he can his successors in title, but so that his own estate after his death shall not be answerable under this covenant) doth hereby for himself, his successors in title, and assigns, covenant with the said C. D., his heirs and assigns, that he the said A. B., his successors in title, and assigns, shall and will, &c. (for production of deeds, dc, supra, p. 445.) In witness, &c. The Schedule referred to in the above-written Indenture. (a) A direction and appointment by the trustees, as in the last Precedent, seems to make the deed more complete ; but a covenant by the tenant for life alone wiU for all practical purposes be equallv effective. Digitized by Microsoft® COVEKANTS FOR PEODUCTION. 455 No. IX. DEED of Covenant for Peodxtction of Two Sets of fob Deeds hy the respective Holders of such Deeds. of two bets or DEEDS. THIS INDENTURE, made the day of , Between parties. A. B. of, &c. {vendor, and one of the covenantors), of the first part, C. D. of, &c. {other covenantor), of the second part, and E. F. of, &c. {^purchaser), of the third part {Recite con- veyance to purchaser hy deed of even date) : And whereas the Eeoite con- deeds and writings comprised in the first part of the schedule purchaser, hereto relate not only to the hereditaments conveyed by the hereinbefore recited indenture, but also to other hereditaments of the said A. B. of greater value : And whereas the deeds and That deeds writings comprised in the second part of the said schedule relate relate aiao not only to the hereditaments conveyed by the hereinbefore re- covenantors cited indenture, but also to hereditaments of greater value tiveiy. lately sold and conveyed by the said A B. to the said C. D. : And whereas it has been agreed that the said deeds and Agreement writings comprised in the first part of the said schedule shall custody of be retained by the said A. B., and that the said deeds and writings comprised in the second part of the said schedule shall be delivered to the said 0. D., and that the said A. B. and C. D. respectively shall enter into the covenants hereinafter contained : And whereas the said deeds and writings comprised in the second part of the said schedule have accordingly been delivered to the said CD. : NOW THIS INDENTURE WITNESSETH, witnessing that in pursuance of the said agreement, and in consideration of ^^ the premises, the said A. B., as to the deeds and writings com- one cove- • i»7/» PI Till 11 •! iiantor as to prised in the first part oi the schedule hereto, and the said one set of 7-t -r>. Ill 1-- -l-l 1 ^^^^< ^Ud C. D., as to the deeds and writings comprised in the- second another ' . covenantor part of the said schedule, do hereby for themselves respectively ^^^'^^l and their respective heirs, executors, administrators, and assigns, covenant with the said E. F., his heirs and assigns, that they the said A. B. and C. D. respectively, and their respective heirs Digitized by Microsoft® 456 COVENANTS FOR PRODUCTION. PROMOTION ^^^ assigns, shall and will, &c. (Covenant for the production of °oF™EEra" *^' *'*« '^^^^s, dc, supra, p. 443.) covenant ^^ WITNESS, &C, for produc- tion, &c. rpjjg Schedule referred to in the above- written Indenture. The First Part. The Second Part. FOB. PRODUCTION OF DEEDS BY DIFFERENT PERSONS. No.X. DEED of Covenant for Production of Deeds by Dif- ferent Persons as to Different Deeds, One _ of the Covenantors being Owner in Fee, Another a Mortgagee, Others being a Tenant FOR Life and Eemainderman, and Others being Trustees. Parties. THIS INDENTUKE, made the day of , Between, A. B., of, &c. (owner of one third part of property), of the first^ part, C D. of, &c. (mortgagee of one other third part), of the second part, E. F. of, &c. (tenant for life of same third part), of the third part, G. H. of, &c. (tenant in remainder of same), of the fourth part, I. K. of, &c., and L. M. of, &c. (devisees in trust for sale of remaining third part), of the fifth part, and N. 0. of, &c. (purchaser), of the sixth part (Recite con- veyance to purchaser by deed of even date) : And whereas the hereditaments comprised in the hereinbefore recited in- denture were immediately before the said sale thereof, vested in the persons parties hereto of the first five parts respec- tively, according to the shares and interests following (that is to say), one undivided third part or share thereof was vested in the said A. B. in fee simple ; one other undivided third part or share thereof was vested in the said C. D. as mortgagee in fee simple, and the equity of redemption of the same part or share was vested in the said E. F., during his life, with remainder to the said G, H. in fee simple ; and the remaining one undivided Eeoite that imme- diately "be- fore Bale the purcliased property nelonged to parties thereto of the first five parts according to the shares and ' interests therein mentioned. Digitized by Microsoft® COVENANTS FOR PRODUCTION. 457 third part or share of the said hereditaments was vested in the ^"^ •J T T^ , _ -_ , . . PnODnCTIOM said 1. K. and L. m. as devisees in trust for sale : And whereas o" deeds by . - ^ . . DIFFERENT the deeds and Avritmgs comprised in the schedule hereto, relate '•^'^°''"- as well to the hereditaments comprised in the said indenture as That deeds, . to other hereditaments of greater value held by the same title, reiate"i^o and the deeds and writings comprised in the first part of the pro^perty said schedule, are in the custody of the said A. B. ; the deeds same^t^fe." and writings comprised in' the second part of the said schedule are in the custody of the said C. D. as mortgagee ; and the deeds and writings comprised in the third part of the said schedule, are in the custody of the said I. K. and L. M. : And Arrange- WHEREAS it has been agreed that the said deeds and writings Ss shlu shall remain in the custody in which the same respectively are present'" now as aforesaid, and that the persons parties hereto of the first and that five parts respectively, shall enter into such covenants with should be respect thereto as are hereinafter contained : NOW THIS i"*". INDENTUEE WITNESSETH, that in pursuance of the'^T"'"" said agreement, and in consideration of the premises, The said covenant A. B., as to the deeds and writings comprised in the first part of'the'fl'ret of the schedule hereto : And the said C. D., E. F., and as^o^'dlt-"' G. H., as to the deeds and writings comprised in the second forproduc- parfc of the said schedule : And the said I. K. and L. M., as to the deeds and writings comprised in the third part of the said schedule (but so that as regards the said C. D., I. K., and L. M. respectively, they shall be personally liable under this covenant so long only as the said deeds and writings shall remain in their respective custody, and so that as regards the said E. F., he shall be liable during his life only, and as regards the said G. H., his liability shall not commence until the death of the said E. F., and so also that all the covenants shall bind so far as is possible all persons into whose hands the said deeds and writings shall come,) do hereby for themselves respectively, and their respective heirs, executors, administrators, and assigns respectively, covenant with the said N. 0., his heirs and assigns> That the said covenanting persons respectively, and their respective heirs and assigns, shall and will, unless prevented by fire or some other inevitable accident, from time to time, and at all times hereafter, upon every reasonable request, and at the cost of the said N. 0., his heirs or assigns, produce or cause to be produced unto him or them, or his or their solicitors or agents, or at any trial, hearing, commission, or examination, or otherwise as occasion shall require, all or any of the deeds and Digitized by Microsoft® 458 COVENANTS POK PEODUOTION. PKODDOTioN writings comprised in the schedule hereto, &c. {as in Precedent Z^^ No. I, p. 446 to the end.) ''™°''^- In witness, &c. The Schedule eefehred to in the above-weitten Indenture. First Part. Second Part. Third Part. Digitized by Microsoft® MOETaAaES. It is proposed in this Dissertation to consider — J'j'gXecJ I. The usual form of a mortgage of freehold, copyhold, and leasehold property respectively. II. Equitable mortgages by deposit of title deeds. III. The nature and incidents of the mortgagor's estate, and particularly his right or equity of redemption. TV. The remedies of the mortgagee to recover his debt. V. The powers, duties, and liabilities of a mortgagee in possession. VI. The effect of the Statutes of Limitation as between mortgagor and mortgagee. VII. The order of liability of the mortgaged property and the general estate of the mortgagor or other person liable to the debt. VIII. Mortgages under powers including mort- gages by executors. IX. The rights and priorities of mortgagees and incumbrancers amongst themselves, the protection afforded to purchasers and mortgagees against concealed trusts and incumbrances by the pos- session of the legal estate, the doctrine of tacking, notice actual and constructive, and the consequence of laches on the part of a mortgagee particularly in refer- ence to the title deeds. X. Some precautions to be observed by a person advancing money on mortgage. XI. The provisions of the 23 & 24 Vict. c. 145 (com- monly called Lord Cranworth's Act), relating to mortgages. XII. Transfers of mortgages and recon- veyances. XIII. Stamps on mortgages and deeds relating to mortgages. I. The usual form of a mortgage of a freehold, copy- hold, and leasehold property respectively. A mortgage of freeholds was formerly usually made Ancient so as to vest only a term of years in the mortgagee, Sor4^g Digitized by Microsoft® 460 MORTGAGES. and without a power of sale. This was often found inconvenient, as, in the first place, it conferred on the mortgagee an estate of less value in many respects than freehold, and which, in case he eventually became by foreclosure the absolute owner, devolved on a class of representatives different from those who. would in the general way inherit his real estate ; and, in the next place, it obliged him to resort to a Court of Law under the covenant, or to a Court of Equity for a fore- closure or sale, in order to obtain satisfaction of his debt in case of default. FJ™ of The above and other reasons led to the general dis- mortgage, ^gg of mortgages for terms of years, and to the practice of taking mortgages for all the estate and interest of the mortgagor ; • and it is seldom that a mortgage is now prepared without the introduction of a power of sale, for the purpose of enabling the mortgagee, with- out legal proceedings, to render his security immediately available in case of default. parts^SFa Accordingly, the form of mortgage of freehold estates mortgage. ^^^ -^^ Ordinary use is a grant by the mortgagor to the mortgagee in fee simple, subject to a proviso that if the money is paid on a day named, which is usually six months from the date of the deed, the mortgagee shall reconvey the property to the mortgagor. Then follow covenants by the mortgagor with the mortgagee for payment of principal and interest on the appointed day, and if the principal is not paid on that day, for the future payment of interest half-yearly : then, if the property consists of houses or buildings, a covenant for insurance, with provisions enabling the mortgagee to insure, in case of the mortgagor's default : then covenants for title, which are always absolute ; and, lastly, the power of sale. mortg^e of A mortgage of copyholds is usually effected by a copyholds, surrender to the mortgagee, subject to a condition for making the surrender void on payment of principal and interest on a given day. The surrender is accompanied or preceded by a deed containing covenants for pay- ment of principal and interest, and for insurance (if necessary), covenants for title, and a power of sale, similar to the covenants and power contained in a mortgage of freeholds. The mortgagee is seldom ad- Digitized by Microsoft® MORTGAGES. 461 mitted, as tliat would involve the payment of a fine, and would render the mortgagee liable to the customary- services ; and it would also involve the necessity of a re-admission of the mortgagor on the mortgage being paid off. On the repayment of the mortgage money, the rnortgagee, if he has not been previously admitted, usually gives a warrant to the steward to vacate the surrender, and a receipt for the mortgage money should be indorsed on the deed accompanying or preceding the surrender. Mortgages of leaseholds are made either by assign- ,^°™°'gof ment for all the term and interest of the mortgagor, or i"^efio!ds. by underlease for all the term except the last day or the last few days. The latter course should generally be adopted where the rent reserved by the lease is more than nominal, or the covenants are onerous ; for if the mortgagee takes an assignment, a privity is established between him and the lessor, and he may be sued for the rent or for a breach of any of the covenants. The proviso for redemption should provide for the Fomi of reconveyance of the property to the mortgagor, accord- miJmption. ing to his former estate, or if the property is in settle- ment, to the uses subsisting under such settlement. If, however, it is intended that the deed shall operate not only as a mortgage but also as a resettle- ment of the property to different uses, or to alter in some mode the rights and interests existing in it, subject to the mortgage, such an intention should be clearly expressed. A mere reservation of the right of Effector 1 , * , TO} ' p L^ ' Ml reservation redemption to uses aittermg irom the prior uses, will of right of not be sufficient if the difference is such as may be t^ aiffCTent supposed to arise from inaccuracy or mistake (a), ''^^^^ though if the difference is such as to show clearly an intention to alter the existing uses, such an intention will prevail. Thus, if on a mortgage by a tenant in fee the equity of redemption should be reserved to him in tail, yet the land would, subject to the mortgage, revert to him in fee simple in the absence of a more evident intention to resettle the estate (6). But in a case (c) where a tenant in tail under a will suffered (a) 1 Sug. Pow. 349, 350. Jackson, 16 Ves. 367. (6) Per Lord Elclon in Innes v. (c) Anson v. Lee, 4 Sim. 364, Digitized by Microsoft® 462 MOETGAGES. a recovery to such, uses as he should appoint by deed or will and subject thereto to the uses of the wiU, and afterwards made a mortgage of part of the estate in fee and limited the equity of redemption to the prior uses, and then joined in a transfer of the mortgage and reserved the equity of redemption to himself in fee, it was held that the equity of redemption did not revert to the old uses. Eeservation Again, on a mortgage of a wife's lands to secure her ?eaemption husbaud's debts, if the equity of redemption is reserved fand*^ to the husband and his heirs, without any further expression of intention to alter the previous rights, the equity of redemption will result to the wife, but if the mortgage should be for a term of years, and the proviso for redemption should direct that upon payment of the money the property should be reconveyed to the hus- band or to uses other than to the wife, the equity of redemption would belong to the husband, or go accord- ing to the uses limited (e). In Martin y. Mitchell (/), the right of redemption was reserved to such uses as the husband and wife should appoint, and in default of appointment to the use of the wife in fee, and the Court doubted whether the wife's estate was altered. But it seems clear that a proviso for redemption in the form last mentioned, would now be deemed sufficient evidence of the wife's intention to enable herself, with the concurrence of her husband, to deal with the property without a fine or acknowledged deed {g). Mortgages The Same principles apply to mortgages executed powers. under powers where the right of redemption is reserved to uses different from those previously existing (h). Covenants The coveuant for payment of the principal money priScfpai, follows the proviso for redemption, unless (as is a not unusual practice) it is made to precede the grant of the land. The day fixed for payment is generally six months kiferest ^^'^'^ ^^ ^^^^ °^ ^^ mortgage. Then follows another (e) Jackson v. Innes, 1 Bligh, (/) 2 Jac. & Walk. 413. 104, 136 ; Reeve v. Hicks, 2 Sim. & (n) Atkinson v. Smith, 3 De G. Stu. 403 ; Wood v. Wood, 7 Beav. & J. 186. 183 ; Stansfield v. Hallam, 29 Law J. \h) Whitbread v. Smith, 3 De G (N. S.) Ch. 173 ; Lord Hastings v. M. & G. 727 ; Heather v. O'Neil, 2 Astley, 30 Beav. 260 ; Pigott v. De G. & J. 399. Pigott, L, E. 4 Eq. 549. Digitized by Microsoft® MORTGAGES. 463 covenant, in case the principal is not paid on the ap- pointed day, to pay interest thereon half-yearly. Under the latter covenant arrears of interest can be sued for without requiring payment of the principal. It is not unusual, with a view to secure the punctual Provision payment of iiiterest, to provide for its payment in the rate of "' "'° first instance at a higher rate than is intended to be pun^Li'" taken, with a proviso reducing it to the stipulated rate, ^"'^'""' ' in case of punctual payment on the proper half-yearly day, or within a short time (generally one month) thereafter. It would seem the more direct plan to make the interest payable, in the first instance, at the stipulated rate, and to provide for an increased rate in default of punctual payment. But such a provision would not answer the purpose, as it would be regarded in the light of a penalty and relieved against (i). Sometimes it is stipulated, particularly where the Provisions loan is one of a large amount, that the loan shall re- HnuTng'ioan main on the security for a term certain. This is usually certain™ effected by making the principal money payable, in the first instance, at the usual time, with provisions ; first, that the mortgagee shall not call in the money before the end of the term agreed on, if the interest is punctually paid, and the mortgagor's covenants (if any) are duly performed in the meantime ; and, secondly, that the mortgagor shall not be at liberty to pay off the money before the end of the term agreed on, unless the mortgagee shall be willing to receive it. It is a well established rule that a mortgagee, whose Rui'. _ - ,00^ ^ ^ Jr t/ o p , o or in rein- debt or m reinstating the premises. Such a provision stating the & ■^Trt-i-i premises, is, however, stated m a work of authority to be not defenaea. very usual, and not very fair towards the mortgagor, as if the money is applied towards repaying the debt, the mortgagor may be left without the means of rebuild- ing (0). But on the other hand, it is hard on the mortgagee, who may want to be paid oflP, to be neces- sarily kept out of the money while the property is rebuilding. On the whole, it is difficult to see any unfairness in the provision in question. If the mort- gagor's credit is good, and the site valuable, it is unlikely that the mortgagee would wish to have the money, and if he does, the mortgagor will have no difficulty in procuring what is required for rebuilding elsewhere, while in the reverse case the mortgagee ought to be allowed to realise at once. The power of sale is considered in a subsequent part ^"^^""^ of this Dissertation. If a proprietor of land has registered his title under ^^^^ the "Land Transfer Act, 1875," he can only create a-f^l.l""''- legal mortgage, or, to speak more correctly, a mortgage which will be good against subsequent registered deal- ings with the land, by following the directions of the Act. The mortgage must be in the form prescribed by the Eules and Orders dated the 24th of December, 1875, with such alterations and additions only as are necessary to meet 'the circumstances of the case (p) ; and the instrument of charge must be attested by a so- licitor, and duly verified, and left with the registrar (q), who will thereupon proceed to register it. The legal effect and operation of a registered charge is described in sections 22 to 28 inclusive of the Act. (o) Dav. Conv., vol. 2, p. 784, (p) Rule 58. 2nked. h) E^ileSO. VOL. t. ^^ Digitized by Microsoft® 466 MORTGAGES. Equitable mortgage T)y deposit of deeds. Delivery of deeds to prepare a mortgage. Effect of security by deposit of II. Equitable-mortgages by deposit. An equitable mortgage of lands or other property may be created by a deposit of the title deeds relating to them (r), or of a material portion of such deeds (s), or of one old deed falsely stated to be the only deed, there being in fact many subsequent ones (t), or, in the case of copyholds, by a deposit of copies of the court rolls, although there may be no accompanying memo- randum or agreement expressive of the intention of the parties. And in a recent case it was held that a written order given by A. to B., directing C, a prior equitable mortgagee, to deliver to B. the title deeds so soon as his (C.'s) lien was satisfied, gave B. a valid equitable mortgage on the property to which the deeds re- lated (u). It is, of course, assumed that there is no circumstance in the case to rebut the inference that the deposit was made to secure the debt. In Chapman v. Chapman (x), it was held that the mere .fact of a bond creditor producing the title deeds a great many years after the alleged transaction, without explanation or evidence to show any connection between the bond debt and the possession of the title deeds, would not operate as an equitable security. If upon an actual advance the deeds are deHvered to the lender, or to his attorney, for the purpose of pre- paring a mortgage, such delivery will operate as an equitable security for the same [y). A deposit of title deeds, without any memorandum, operates primd facie as an equitable security only for the sum due from the mortgagor at the time of the deposit, but parol evidence may be adduced to show that the deposit was made to secure future advances as well as the existing debt, and in that case the deposit will be a good equitable security for the future ad- vances as well(z); and even where a memorandum (r) Eussel v. Russel, 1 B. 0. 0. 269 ; Edge v. WortHngtoii, 1 Cox, 211 ; Ex parte Haigh, 11 Ves. 403 ; Hiorn v. Mills, 13 ves. 114 ;Exparte Mountford, 14 Ves. 606. (s) Lacon v, Allen, 3 Drew. 579 ; Roberts v. Croft, 24 Beav. 223. (t) Dixon V. Muokleston, L. R. 8 Ch. 155. (X) Iv) 211; 141; 55. 209. Daw V. Terrell, 33 Beav. 218. 13 Beav. 308. Edge V. Worthington, 1 Cox, Hockby v. Bantock, 1 Russ. Keys V. Williamg, 3 Y. & C. Ex parte Wliitbread, 19 Ves. Digitized by Microsoft® MORTGAGES. 467 accompanies the deposit, and such memorandum does not state that the deeds have been lodged with the mortgagee to secure future advances, yet the security- will extend to them if it can be proved by parol evidence that it was intended that the security should operate to that extent (a). It is not, however, prudent to deposit title deeds J^^J/^ft""' under any circumstances without a memorandum or without •^ I -, • /» 1 1 meraoran- agreement, clearly statmg for what sum the property aim- comprised in the deeds is to be an equitable security. An equitable mortgagee, by deposit of a lease, cannot Jep'^osit ot be compelled by the lessor to take a legal assignment, i^""- and does not become liable to him in respect of the rent and covenants in the lease, although he may take pos- session (6). Where land is registered under the " Land Transfer °«p°«^* Act, 1875," the deposit of the land certificate in the^^rtmcj^^^ case of freehold land, and of the office copy of the re- ^^''" gistered lease in the case of leasehold land, for the pur- pose of creating a lien on such land, is equivalent to a deposit of the title deeds (c). III. The nature and incidents of the mortgagor's estate, and particularly his right or equity of re- demption. If, as is usually the case, the money is not paid at Eff^^t rf_ the time appointed in the proviso for redemption, the ^^j^^^ estate of the mortgagee becomes absolute at law ; but money at the Court, in exercise of its equitable jurisdiction, pointed enables the mortgagor at any time to redeem on pay- ment to the mortgagee of the principal and interest due, together with the costs properly incurred by him in relation to the security ; hence the estate of the mortgagor, after the day has passed without payment, is called an equity of redemption. A mortgagee is entitled to six months' notice before f^^^^^ he can be redeemed, but if at the end of that time the ^^t™™*""' full amount due to him is tendered, he must accept (a) Ex mrte Kensington, 2 Ves. (N. S.) Ch. 389 ; see also Moores v. & Bea. 79. Choat, 8 Sim. 508 j WiUiams v. (ft) Moore v. Gregg, 2 Phil. 7l7 Bosanquet, 1 Br. & B. 238. (overruling Lucas v. Comerford, 8 (c) Sec. 81. Sim. 499) ; Cox v. Bishop, 26 L. J, R B 2 Digitized by Microsoft® 468 MORTGAGES. it ; and if he refuses, he wUl be made liable to the costs of the redemption suit thereby made neces- sary {d). Tacking as It ofton happous that when a mortgagor comes to mortg^or redeem, the mortgagee claims to be paid not only the money secured by the particular mortgage, but also some other debt ; in other words, to tack the two debts together. Tacking one Thus, if a persou makes two separate mortgages of mortgageto . ' J^ . , ,, ^ . j. another, distiuct proportics to the same mortgagee, to secure separate debts, the rule of equity is that the mortgagor shall not redeem one of the mortgages without re- deeming the other, assuming that the time has arrived for redeeming both (e). And where a mortgage of one estate is made to one person, and of another estate to another person, and both the mortgages are afterwards transferred to the same person, the transferee is en- titled to tack (/). So where A. mortgaged an estate to B., and another estate to C, and then became bank- rupt, and afterwards B. took a transfer of C.'s mort- gage, it was held that B. was entitled to tack the one mortgage to the other {g). The rules as to tacking apply as well to mortgages of equitable personalty as to mortgages of real estate (h). othCT^bts. Debts which form a hen on the estate may be tacked against the niortgagor and his representatives^ Thus, if a mortgagee afterwards lend a further sum either on a further charge of the property, or on a judgment, he may tack such further sum to the original debt as against the mortgagor and his representatives, and also against all subsequent encumbrancers of whom he had no notice. This right, so far as regards a judgment debt, is founded on this, that a person who after a mortgage made to him advances money on a judgment is presumed to have looked to the land as the security; but the doctrine does not apply to a judgment creditor who after the judgment lends money on a mort- {d) Smitli V. Gfeen, 1 Col. 555 ; (g) gelby v. Pomfret, 7^Iur. N. S. Harmer v. Priestley, 16 Beav. 569. 835. See also on this subject Beevor (e) Jar. Con. by Sweet, 436, 437, v. Lawson, L. E. 4 Eq. 537. 438. (h) Watts V. Symes, 1 De G. M. (/) Vint V, Padgett, 2 De G. & & G. 240. J. 611. Digitized by Microsoft® MORTaAGES. 469 gage (i). In such a case the judgment creditor was not (at least under the old law) considered to lend his money on the faith of the land, and therefore could not tack his judgment to the mortgage ; and the better opinion is that the right of tacking as applied to judg- ment creditors is not affected by the Acts of the pre- sent reign (k). But a judgment creditor who advances money to his debtor on mortgage without notice of an intervening judgment, may tack both his debts as against the second judgment (Z), AH simple contract and specialty debts may be tacked to a mortgage debt as against the heir, devisee, or exe- cutor of a mortgagor, where the equity of redemption is assets (m). A further advance cannot be tacked to a prior legal mortgage upon the strength of a parol agreement to that effect (n). All persons having any estate or interest in the equity f^^j^^l ^^ of redemption are entitled to redeem. Consequently, "deem. the trustee of a bankrupt may redeem, as well as subse- quent mortgagees and judgment creditors (o). A first mortgagee must accept payment of the mortgage debt from the second mortgagee, and convey to him the mortgaged estate, although it may be doubtful whether the second mortgagee could oblige him to assign the debt (p). Sureties for the payment of the mortgage debt may smetieB. also redeem. It has been decided that if a mortgagee advances a further sum to the mortgagor on a further charge of the property, the surety cannot redeem the mortgage without paying the further advance as well as the original sum (q), but the soundness of this decision (i) Brace v. Duchess of Marl- aa actual estate or interest in equity borough, 2 P. Wms. 491. in the debtor's land, and although (k) See 1 & 2 Vict. c. 110 ; 27 & the recent Act, 27 & 28 Vict. c. 112, 28 Vict. c. 112. provides that no judgment shall (l) Smithson v. Thompson, 1 Atk. affect land until execution, the 520. court •mH, as heretofore, allow (m) Eolfe V. Chester, 20 Beav. a judgment creditor after he has 610 ; Thomas v. Thomas, 22 Beav. sued out the writ of ehgit to re- 341. deem, and thus remove the legal (n) Ex parte Hooper and Others, impediment to his execution. See 1 Mer. 7. suprA, p. 157. (o) A judgment creditor had, by (p) Smith v. Ureen, 1 Uoi. 555. virtue of 1 & 2 Vict. c. 110, sec. 13, (q) Williams v. Owen, 13 Sim. 597. Digitized by Microsoft® 470 MORTGAGES. is very questionable (r). Where distinct sums are ad- vanced at tlie same time on distinct securities, and a third person becomes security for one of the sums with knowledge of the whole transaction, the mortgagee wUl be entitled to tack both the debts, and to retain the securities for them against the surety until both sums are paid (s). Tenant for Where au equity of redemption is settled, the tenant for Hfe has a right to redeem in preference to persons entitled in remainder {t), but having redeemed, he can- hot compel those in remainder to redeem him. He may make the remaindermen parties to a redemption suit instituted by him against the mortgagor, so that they may be present at the taking of the accounts; he must, however, pay the costs of such remaindermen, and add them to his mortgage, and on his death his represen- tative may file a bUl of foreclosure against the re- maindermen (u).. The personal representative of a deceased mortgagor of real estate is not entitled to redeem (x). Krof By 4 & 5 W. & M. c. 16, it is provided that if any w mSt^^OT person having once mortgaged, shaU again mortgage, second ^^'^ s^^^l ^^^ discover, to the second mortgagee the "oMSS'g former mortgage, he shall have no relief or equity of til.! fust. ° redemption against such second mortgagee, and the second mortgagee shall hold the land freed from the equity of redemption, and as fuUy as if his mortgage had been an absolute purchase. It has been decided that the statute being penal in its character, must be construed strictly, and that neither an equitable mort- gagee by deposit of title deeds, nor a mortgagee under a deed in the form of a further charge without a pro- viso for redemption, is a second mortgagee within the meaning of the Act ; and moreover that the Act confers no active remedy which can be enforced in equity {y). Slor ^ mortgagor in possession is treated in equity as (r) See Newton v. Chorlton, 10 215. Hare, 662; Pearl v. Deacon, 24 (tt) EUey w Croydon, 2 Dr. & Sm Beav. 180. 293. (s) rairbrother v. Wodehouse, 23 (x) Cattley v. Simpson, 34 L J Beav. 18. Ch. 96. (0 Ravald «. Russell, 1 Younge, (y) Kennard v. Futvoye, 2 Gif. 19 ; Raffety v. King, 1 Keen, 618 ; 81. Wicks V. Scrivens, 1 John, & Hem, Digitized by Microsoft® MORTGAGES. 471 owner of the mortgaged property for most purposes, s?oii°^^°'' and he may exercise all ordinary acts of ownership. Thus, he may cut timber, unless the estate without the timber is a scanty security (z), and he may bring ac- tions at law in his own name for the recovery of rents and profits, or to prevent or recover damages, in respect of any trespass or other wrong relative to the mort- gaged property, unless the cause of action arises on a lease or other contract made by him jointly with any other person (a). But if a mortgagee takes posses- sion, he is not bound by any lease or tenancy created by the mortgagor, unless under a power expressly reserved to the latter for that purpose. A mortgagor with a power of leasing may grant a ^^{Js<«oj^ lease to a trustee for himself (6). i7 leasing. IV. — The remedies of the mortgagee to recover his debt. A mortgagee has several remedies for the recovery of ^emediM^ot the mortgage money. He may foreclose the equity of redemption, or obtain a decree for sale through the medium of the Court ; he may sell under the power of sale (if any) contained in his mortgage deed ; he may sue at law on the covenant for payment of principal and interest ; or he may enter into possession of the property and pay himself out of the rents. The reme- dies by foreclosure, sale, and action on the covenant, will be considered in this section. A mortgagee, whether legal or equitable (c), may at Foreclosure. any time after the day named for payment in the mort- gage deed commence an action claiming foreclosure. The Court will thereupon decree an account to be taken of the amount due, and will name a time at the end of which, if the money is not paid, the mortgagor will be foreclosed. This time will, however, be enlarged in certain cases {d). After an absolute decree for fore- closure has been made, the mortgagee becomes absolute («) King V. Smith, 2 Hai-e, 239. (6) Bevan v. Habgood, 1 J. & H. (a) 36 & 37 Vict. c. 66, sec. 25, 222. SUDS. 5. But the right of foreclosure (c) James v. James, L. R. 16 Etj. does not extend to a pledgee of 153. Eersonal chattels. Carter v. Wake, (d) Fisher, 602, 606. . E. 4 C. D. 605. Digitized by Microsoft® 472 MORTGAGES. owner in equity as well as at law, of the mortgaged property. thrangh By the Chancery Amendment Act (e), it is provided the Court, ^j^g^^ -jj ^^y gjjj^^ £qj. foreclosure the Court may, on the request of the mortgagee or any subsequent incum- brancer, or of the mortgagor, direct a sale instead of a foreclosure, on such terms as the Court may think fit, provided that if such request be made by a subsequent incumbrancer or mortgagor, the Court shall not direct a sale without the mortgagee's consent, unless the re- questing party deposit in Court a reasonable sum to be fixed by the Court, for the purpose of securing the per- formance of such terms as the Court may think fit to impose. Power of j^ j^g^g been before observed that a power of sale is now an ordinary part of a properly drawn mortgage. T^^whom it The power should be given to the mortgagee, his execu- giveu. tors, administrators (not heirs), and assigns, and, in the case of a mortgage to several, to the mortgagees and the survivors and survivor of them and the executors or administrators of such survivor their or his assigns, or to the mortgagees, their executors, administrators, and assigns, which, when accompanied by a declaration that the money belongs to the mortgagees on a joint account, means the same thing (/). of'powCT of" If the power of sale is so drawn that it may be exer- deMt'f'' cised after default, a purchaser from the mortgagee is not entitled to require the concurrence of the mortgagor, although the mortgage deed contains a covenant on the part of the mortgagor to concur in the sale (g). In Corder v. Morgan (^), Sir Wm. Grant expressed his opinion that the clause in the mortgage deed whereby the mortgagor undertook to join in the conveyance, was a mere contract between the mortgagor and mortgagee to the benefit of which the purchaser was not entitled. It is, however, to be observed that in Hohson v. Bell{i), the unsupported solemn declaration of the executrix of (e) 15 & 16 Vict. c. 86, sec. 48. 371 ; 7 De G. M. & G. 594. See also As to the principles on which the Cruise v. Nowell, 20 Jur. 536. Court acts in directing a sale under {g) Clay v. Sharpe, Sug. v! & P. thi.s statute, see Hurst v. Hurst, 16 11th ed. No. 12, App Eeav. 372. h) 18 Ves. 344. ' (/) Hind V. Poole, 1 K. & J. 383 ; (i) 2 Beav. 17. Saioway v. Sawbridge, 1 K. & J. Digitized by Microsoft® MORTGAGES. 473 a mortgagee of leaseholds was held not to be evidence that the event had happened on which the right of exercising the power of sale was to arise, the power being to sell in case of default. It is generally stipulated that the mortgagee shall NoUce ot give to the mortgagor six months' notice before pro- "^ ceeding to a sale, and even in the absence of stipula- tion, it is prudent for the mortgagee to give such notice. If the validity of a sale is made to depend upon notice, care must be taken that the notice is complete. In a case where notice was to be given to the mortgagor, his heirs or assigns, a notice to the infant heir of the mortgagor and his guardian was held to be suffi- cient {j). And where the notice is to be left at the last known abode of the mortgagor,. the mortgagee will sufficiently perform this stipulation by affixing the notice to his door (k). A contract entered into by a mortgagee to sell under contract to a power of sale, is binding on the purchaser, although it power. may be signed before the expiration of the notice on which the validity of the sale is made to depend (l), but of course the contract will not be binding as against the mortgagor if he subsequently complies with the notice. According to the form adopted in this collection of Proper form Precedents, the notice may be given to the mortgagor, »» ^ "otice. or one of his executors or administrators, or left at his usual or last known place of abode in England or Wales, or upon some part of the premises. It is sub- mitted that this is preferable to the mode sometimes adopted of requiring the notice to be given to the mort- gagor, his heirs or assigns ; where this is the case, it is conceived that all persons having an interest in the equity of redemption under the mortgagor (including subsequent incumbrancers) are to be deemed " assigns," and it would be necessary to serve them (m). This would in many cases be very inconvenient, and some- times impossible. Again, the heir of a mortgagor may (j) Tracy v. Lawrence, 2 Drew. 974. 403. (m) Forster v. Hoggart, 15 Q. B. (ie) Major v. Ward, 5 Hare, 528. 155. {I) Kershaw v. Kalow, 19 Jur. Digitized by Microsoft® 474 MORTGAGES. not be known, or may be out of the country, whereas the personal representative, if there is any, is likely to be easily accessible, ^owon^™ It is important to provide that a purchaser under needmS ^^^ power shall not be bound or concerned to inquire noinqniiy. -^^hether default has been made, or the required notice given, and that he shall not be affected by any irregu- larity in the sale. For want of such a provision a mortgagee is often unable to force the property on a purchaser, while on the other hand the pxirchaser, however willing, may be prevented from acquiring a satisfactory title by reason of the difficulty of obtaining affirmative proof that the circumstances on which the valid exercise of the power depends have arisen. Where a proper stipulation to the effect above sug- gested is inserted, it is clear that a purchaser need make no inquiry ; and if he completes the purchase without notice he will be safe, although the debt may have been previously satisfied (n). If, however, facts are actually brought to the purchaser's knowledge which show that the sale is oppressive, or otherwise improper, it is doubtful whether the sale would be effectual, however strongly the deed might be ex- oppxe°ssive P^essed in this respect. Thus, in a case where a power!^ °' mortgagee sold, after tender of the principal and inte- rest, to a person who bought with knowledge of the tender, the Court set aside the sale, although the mortgage deed provided that "upon a sale purporting to be made under the aforesaid power no purchaser shall be bound to see or inquire as to the propriety or regularity of the sale, and that notwithstanding any impropriety or irregularity the same shall, as regards the purchaser, be deemed to be within the power, and vahd accordingly " (o). It is true that in the last-men- tioned case the deed did not expressly state that the purchaser should not be affected by notice of any irre- gularity, &c. ; but it is conceived that even if those words had iDeen contained in the deed the decision would have 'been the same. Upon payment (and of course tender is equivalent to payment) of the mortgage (m) Decker v. Angus, L. E. 3 (o) Jenkius v. Jones, 2 Giff. 99. c. D. eoo. Digitized by Microsoft® MORTGAGES. 475 money, the mortgagee becomes a bare trustee for the mortgagor, and all the provisions of the mortgage deed (including the power of sale) are necessarily at an end, and a purchaser who should buy with knowledge of such a state of circumstances would not be allowed to retain the property. The insertion of a clause to the effect that a purchaser shall not be affected by notice is, however, desirable, as it would probably relieve him from the consequences of constructive notice. A second mortgagee may purchase from a first mort- how power gagee selling under his power of sale (jp) ; but a mort- te exercised. gagor purchasing under a power of sale in a first mortgage has no title to priority as against his own second mortgagee [cj). Under the usual power of sale, the mortgagee may sell, subject to a stipulation that a part of the purchase-money may remain on mortgage (r). On the bankruptcy of the mortgagor, the mortgagee, ^™^°^' whether his mortgage be legal or equitable, may apply "o ^°^ to the Court of Bankruptcy, and obtain an order for a Bankruptcy. sale under the Bankruptcy Orders, 1870 (s). The Court will, upon such application, proceed to inquire whether the applicant is a mortgagee, and if so, take an account of what is due to him for principal, interest, and costs. A sale will then be directed, under the conduct of the trustee, not the mortgagee, and the monies to come from such sale will be applied, first, in paying the costs, charges, and expenses of the trustee of and occasioned by the application to the Court, and attending the sale ; secondly, in payment of the principal, interest, and costs due on the mortgage, and the surplus (if any) will be retained by the trustee. If the sale money is insufficient to pay the debt, the mortgagee may prove for the de- ficiency. But it is not imperative on the mortgagee to apply to the Bankruptcy Court under the above order ; he may, if he prefers it, proceed in the Chancery Di- vision of the High Court of Justice for foreclosure, or exercise the power of sale (if any) reserved by the deed, or pursue any other of his ordinary remedies (t). (p) Parkinson v. Hanbnry, 1 Dr. J. 535. See also Tliurlow ■;;. Mac- & S. 143 ; Shaw v. Bunney, 2 D. keson, L. K. 4 Q. B. 97, as to what J. & S. 468 ; Kirkwood v. Thompson, arrangement amounts to a good ib. 613. exercise of a power of sale. (g) Otter v. Lord Vaux, 2 K. & J. (s) Rules 78 to 81. 650. (<) Rule 78. (r) Davey v. Durrane, 1 De G. & Digitized by Microsoft® 476 MOETGAGES. covmant Where the property comprised in the mortgage is of ample value to cover the debt, a mortgagee seldom resorts to the covenant 'for pa3nQient of principal and interest, as the remedy by foreclosure or sale is more complete and efficacious. But if interest has been allowed to remain in arrear for more than six years, there is an advantage'in proceeding on the covenant, because twenty years' arrears may be recovered by an action on the covenant, whereas only six years' arrears can be recovered in a foreclosure suit (u). Mortgagee Jt is Settled that a mortgagee cannot be interfered maypursue -.i • n • p p t • , .i ?Snedies ^ith lu the exercise oi any ot his powers except on the «muita-; pajmient of principal, interest, and costs (v) ; and he may pursue all his remedies at one and the same time, or separately as he may think fit. If pending a foreclosure suit, he sues on the covenant and obtains full payment, the mortgagor is, by the fact of payment, entitled to redeem, and foreclosure is of course prevented ; if a part only of the debt is recovered in the action the mortgagee may foreclose for non-payment of the remainder. If, on the other hand, he obtains foreclosure first, and finds that the value of the estate is not sufficient to cover his debt, he is not precluded from suing on the covenant, so long as the mortgaged estate remains in his power, but by so doing he gives to the mortgagor a renewed ?o?ecSe.'' nght to redeem, or in other words, opens the foreclosure. If, however, the mortgagee has sold the mortgaged estate, and thus prevented himself from restoring it, the court will by injunction restrain him from afterwards suing on the covenant (x). V. The poioers, duties, and liabilities of a mortgagee in possession. A mortgagee may, at any time after the day appointed _^ for payment, enter into possession of the mortgaged mor^agor, property, and receive the rents towards payment of his debt. He will have to account to the mortgagor for the rents so received, and he will be responsible for gross and wilful negligence or injury, such as pulling down buildings, &c., but he will be allowed for necessary (tt) See infrd,. (x) Lockhart v. Hardy, 9 Beav. (v) Paynter v. Carew, Kay, App. 349 ; Palmer v. Hendrie, 27 Beav. xxxviii. 349 ; 28 ib. 341, Digitized by Microsoft® Mortgagee' in posses- sion must account to MORTGAGES. 477 repairs {y). He may take possession of part of tlie mortgaged property, leaving the rest in the possession of the mortgagor (z). A mortgagee in possession cannot, without an express camot power, grant leases which will be binding in equity on fn^ieas^es," the mortgagor, A mortgagee in possession is bound to deal with the is ^^^^^^ i property in the same way as a prudent man would deal p^Pj^^y^"" with his own ; he is not bound to engage in, and will o*™''- not be allowed for, adventures and i^speculations (a). Thus, he must not open mines (6), unless the security is insufficient (c), and if he comes into possession of mines already open, he will not be liable for not advancing more in the management of them than a cautious owner would spend, as it is not to be expected that he would risk his own fortune in a speculation and incur hazard in an adventure which, if successful, is ultimately to redound to the benefit of the mortgagor (d). If the net rents received by the mortgagee are more ^''^'■™*' than sufficient to keep down the interest on his debt, the app'se'^- surplus must be applied towards payment of the prin- cipal ; and a question often arises in what manner the account is to be taken as to such surplus rent, i.e., whether annual rests are to be made, and the principal ^^""^ to be sunk each year to the amount of the surplus rents, or whether the interest shall be allowed to run on until the whole debt is 'discharged. It seems to be now settled that an account with annual rests wiU not be directed, unless at the time when the mortgagee entered into possession no interest was in arrear, as a mortgagee is not bound to receive his money in driblets. If he enters into possession when no interest is due, he shows his intention to receive payment of the debt in driblets, and therefore the account goes with rests; but if the in- terest is in arrear, the fact of his taking possession affords no evidence of such an intention, as he is driven to take (y) Sancton v. Hooper, 6 Beav. 246. C. D. 173. In order to entitle a mortgagee in (o) Hughes v. Williams, 12 Ves. possession to permanent improve- 493 ; Cocks v. Gray, 1 Giff. 77. ments or substantial repairs he must (6) Thorneycroft v. Crockett, 16 make out a case for them at the Sim. 445 ; Hood v. Easton, 2 Giff. trial. Tipton Green Colliery Co. 692. V Tipton Moat Colliery Co., L. R. 7 (c) Millettv. Davey, 31 Beav. 470. C. D: 192. (d) Kowe v. Wood, 2 J, & W. 555. (e) Simmins v. Shirley, L. E. 6 Digitized by Microsoft® 478 MORTGAGES. possession by the non-payment of the interest, and therefore the account goes on tUl the whole debt is satisfied (e). But a mortgagee of leaseholds may take possession, when there is no arrear of interest, under circumstances which may not render him liable to account with annual rests, as if he enters in order to prevent a forfeiture for non-payment of ground-rent or non-insurance (/"). mtei^°'^ But if a mortgagee in possession sells a part of the aeufpa™ mortgaged property under a power of sale, he must apply the proceeds first in payment of interest and costs, and then either pay the balance to the mort- gagor, or apply it in reduction of principal, and in taking an account against a mortgagee who has re- tained sale monies beyond the interest and costs due, a rest must be made at the time of the receipt of the proceeds of sale, even though he may have entered into possession when interest was in arrear (g). VI. The effect of the statutes of limitation as between mortgagor and mortgagee. mortgagee's By 3 & 4 Wm. 4, c. 27, sec. 2, it is provided that no iind*wiu'"' person shall make an entry, or distress, or bring an action to recover land or rent, but within twenty years next after the right to make such entry or distress, or bring such action accrued; and the 14th section provides that in the case of an acknowledgment by the person in possession, the right to make the entry, &c., shall be deemed to have first accrued at the date of the acknow- ledgment. Doubts being entertained as to the eifect of the above sections, so far as relates to mortgages, it was provided by the 7 Wm. 4 & 1 Vict. c. 28, that any person entitled to, or claiming under any mortgage of land, may recover such land at any time within twenty years next after the last payment of any part of the principal money or interest secured by the mortgage, although more than twenty years may have elapsed since the time at which the right to make an entry or bring an action or suit shall have first accrued. By the " Beal Property Limitation Act, 1874 " {h), it is (e) Nelson v. Booth, 3 De G. & J. (a) Thompsou v. Hudson, L. E. 119. 10 Eq. 497. (/) Patch V. Wild, 30 Beav. 99. {h) 37 & 38 Vict. c. 57, sec. 1. Digitized by Microsoft® be barred. MOETGAGES. 479 in eflfect provided that from and after tlie 1st January, 1879, when the Act comes into operation, twelve years shall be substituted for twenty years as the time within which the action must be brought. Under the 3 & 4 Wm. 4, c. 42, all actions on cove- ^ui^be nant must be brought within twenty years of the cause *X^n * of action, unless an acknowledgment either by writing *^™'y or by part payment of principal or interest is made in the meantime (i). The joint operation of the above enactments seems J"'"* . to be as follows : — (1.) If the mortffatjor remains ino'enact- .., . ^ ' . . o ." - . menta. possession without paying any principal or interest, or making an acknowledgment for twenty years, and such twenty years expired before the 1st January, 1879, the mortgagee is barred of all his remedies both as against the land and also under the covenant at the end of the twenty years. (2.) If the mortgagor re- mains in possession without payment or acknowledg- ment up to the 1st January, 1879, the mortgagee is barred of all remedies against the land on that day, if twelve years have expired, but if not, then at the end of twelve years ; but his remedy under the covenant for payment of principal and interest wiU continue for twenty years. Questions often arise as to how many years' arrears j^^^^^j*^' of interest may be recovered by a mortgagee. It is provided by 3 & 4 Wm. 4, c. 27 (k), that no arrears of interest in respect of any sum of money charged on land shall be recovered by any distress, action, or suit, but within six years next after the same shall become due, or next after such acknowledgment as therein mentioned ; but under 3 & 4 Wm. 4, c. 4:2 (l), twenty years' arrears of interest may be re- covered in an action of covenant upon any bond or other specialty. Where, therefore, a mortgage contains a covenant for what payment of principal and interest, there is no doubt b^recovered II . -L X J. ' pin action on that a mortgagee may recover twenty years arrears ol covenant interest by an action on the covenant, but it was for foreclosure some time unsettled whether he could do so in a fore- tiveiy. closure suit. In Du Vigier v. Lee (m), it was held I i) Sees. 3, 5. (0 Sec. 3. ;*;) Sec. 42. (m) 2 Hare, 326. Digitized by Microsoft® 480 MORTGAGES. that he miglit, to avoid circuity of action. This de- cision was virtually overruled by Hunter v. Nockoldsin), and it may now be considered settled that the right in a foreclosure suit is limited to six years' arrears (p). If, however, the deed contains an express trust for se- curing the principal and interest, the existence of such trust will, until the 1st January, 1879, bring the case within the exception as to express trusts contained in the Act, 3 & 4 Wm. 4, c. 27, sec. 25, and entitle the mortgagee to a general account of arrears of in- terest (_p). It is now provided by the Act of 1874 (g'), " that after the 1st January, 1879, no action, &c., shall be brought to recover {inter alia) any sum of money charged on land and secured by an express trust, or to recover any arrears of interest in respect thereof, except within the time within which the same would be recoverable if there were not any sugh trust. Arrears 9f j^ j^as bccn hcld that the heir of a mortgraeror being interest ™t-,ti . n ^ ^ h; "demptmn bound by the mortgagors covenant tor payment of principal and interest cannot redeem without paying arrears of interest for twenty years, the mortgagee being entitled to tack the covenant as against the heir (r). An acknowledgment by a mortgagor, or his per- sonal representative, given to a prior incumbrancer, wiU not entitle that prior incumbrancer to recover, as against a subsequent incumbrancer, more than six years' arrears of interest (s). When A mortgagor may, by lapse of time, lose his riffht of mortgagor , i ° ° .,''''' ,^ . ' . tVi tarred of redemption against a mortgagee m possession. For by redemption! 3 & 4 Wm. 4, c. 27, scc. 28, it is provided that when a mortgagee shall have obtained the possession or receipt of the profits of any land, or the receipt of any rent comprised in his mortgage, the mortgagor, or any per- son claiming through him, shall not bring any suit to redeem the mortgage but within twenty years next after the time at which the mortgagee obtained such (») 1 Mao. & G. 641. v. Broadbent, 33 Beav. 296. (o) Bound V. Bell, 30 Beav. 121. (q) 37 & 38 Vict. c. 57, sec. 10. (p) Cox i;. Dolman, 2 De Q. M. & M Elvey v. Norwood, 5 De G. G. 592 ; Lewis v. Duncombe, 29 & Sm. 241. Beav. 175 ; Shaw v. Johnson, 1 (s) Bolding v. Lane, 1 De G J, Drew. & Sm. 412. See also Mason & S. 122. Digitized by Microsoft® MORTGAGES. 481 possession or receipt, unless in the meantime an ac- knowledgment of the title of the mortgagor, or of his right of redemption, shall have been given to the mort- gagor, or some person claiming his estate, or to the agent of such mortgagor or person, in writing, signed by the mortgagee or the person claiming through him, and in such case no such action or suit shall be brought but within twenty years next after the tinie at which such acknowledgment, or the last of such acknow- ledgments, if more than one, was given. And in the latter part of the section provision is made for the case of there being more than one mortgagor or mortgagee, and an acknowledgment being given to or by one only. This enactment is repealed as from the 1st January, 1879, by the "Real Property Limitation Act, 1874 " {t), and is in effect re-enacted with the substitu- tion of twelve years for twenty^ Where a mortgagee has been in possession for more !"?'>* "l , •111 11 1 • ■> redemption than twenty years without acknowledement, the riffht revived by n -I J-M11 • -I ^ 1 1 subsequent 01 redemption will be revived by a subsequent acknow- llf'^;^^^ ledgment. Thus, in a recent case, a mortgagee who had been in possession for more than twenty years without acknowledgment, devised the mortgaged pro- perty as if it was his own to a tenant in tail, who was also his heir, executor, and residuary legatee, with re- mainders over, and such tenant in tail afterwards acknowledged the right of the mortgagor to redeem, and came to an arrangement with him upon that foot- ing ; and it was held that the remainderman had no claim to the estate upon the failure of issue of the tenant in tail {u). VII. The order of liability of the mortgaged property and the general estate of the mortgagor or other person liable to the debt. Until .a recent Act, if a mortgagor died intestate, or J"t*"tte™* by his will showed no contrary intention, his personal P'^Ttte ''^ estate was liable to the payment of his mortgage debts p™'^^^ in exoneration of the land comprised in the mort- j^^"<^'^ gage {v). This rule, however, only applied where the Exceptions (0 Sec. 7. F. & J. 81. \u) Pendleton v. Booth, 1 De G. (i') Howell v. Price, 1 P. ■\Vms.2f)l. Digitized by Microsoft® 482 MORTGAGES. mortgage debt was originally the debt of tbe deceased mortgagor ; thus, if A. became entitled by descent or purchase to mortgaged land, and afterwards died intes- tate, bis heir took the land cum onere, and was not entitled to have it exonerated out of the personal estate, even though upon a transfer of the mortgage in A.'s lifetime he may have covenanted to pay the money (x). A fortiori, if a person having only a limited interest in land subject to a mortgage enters into a bond or covenant for payment of the debt, the bond or covenant is considered as auxiliary only. Again, the rule would not apply where an intention appeared on the face of the mortgage deed, or could be implied from the dealings with the property, that the land should be the primary security. Thus, where a mortgage was made containing the usual covenant by the mortgagor for payment of the mortgage money, and subsequently the mortgagor settled the property subject to the mortgage upon trusts for himself for life, with remainders over, leaving in himself the ultimate reversion in fee which he devised by his will, it was held that his general personal estate was exonerated from the mortgage debt, the Court considering that the subsequent deahng with the property showed the in- tention of the mortgagor to make the land the primary security {y). And where property was mortgaged, and was then settled by the mortgagor subject to the mortgage, and with a proviso that the land should be the primary security, and the mortgagor afterwards paid off the debt out of his own money, it was held that the mortgage debt was to be considered as kept on foot for the benefit of his personal estate (z). ir&i8Vict By statute 17 & 18 Vict. c. 113, it is enacted that, " When any person shall, after the 31st of December, 1854, die (a) seised of or entitled to any estate or in- terest in any land or other hereditaments which shall at the time of his death be charged with the payment {x) Evelyn i;. Evelyn, 2 P. Wms. De G. M. & G. 391. 63 ; Bagot v. Oaghton, 1 P. Wms. (z) Pears v. Wrightman, 2 Jur. 347 ; Woods v. Huntingford, 3 Ves. (N. S.) 586. 128, 131 ; Scott v. Beecher, 5 Mad. (a) As to what is not an interest 96 ; see also Bond v. England, 2 in land within the meaning of this K. & J. 44, where the subject is Act, see Lewis v. Lewis, L. R. 13 fully discussed. Eq. 218. (y) Lady Langdale v. Briggs, 7 Digitized by Microsoft® MORTGAGES. 483 of any sum or sums of money by way of mortgage, and such person shall not by his will or deed, or other document, have signified any contrary or other inten- tion, the heir or devisee to whom such land or heredi- taments shall descend or be devised shall not be entitled to have the mortgage debt discharged or satisfied out of the personal estate or any real estate of such person, but the land or hereditaments so charged shall as be- tween the different persons claiming through or under the deceased person be primarily liable to the payment of all mortgage debts with which the same shall be charged, every part thereof according to its value bearing a proportionate part of the mortgage debts charged on the whole thereof" And the Act contains a proviso that nothing therein contained shall affect the rights of any person claiming under or by virtue of any will, deed, or document made before the 1st of January, 1855 (b). On the construction of this Act, it was held by Lord {j^'J^ih^ Campbell, in Woolstencroft v. Woolstencroft (c), that n'^^oveAet. direction in a will that all the testator's debts should be paid by his executors out of his estate, followed by a gift of all the testator's real and leasehold estates (which were subject to a mortgage) to trustees who with the testator's wife were also named executors, was not such an expression of contrary intention as to bring the case within the saving of the Act, and consequently that the cestuis que trust under the will of the real estate and leaseholds took them cum onere. In Mel- lish V. Vallens (d), it was held by Vice- Chancellor Wood that a bequest of personalty subject to the pay- ment thereout of all the testator's debts, following a devise of land in mortgage, was sufficient indication of a contrary intention to bring the case within the saving of the Act. In the course of his judgment, the Vice-Chancellor commented on Woolstencroft v. Wool- stencroft, and distinguished that case from the one before him on the ground that in the former case the debts were directed to be paid out of the testator's (6) As to the construction of this ako Coote v. Lowndes, L. R. 10 Eq. proviso, see Nelson v. Page, L. R. 376. 6Eq. 25. (d) 2 John. & Hem. 194. (c) 2 be G. F. & J. 347 ; see Digitized by Microsoft® 484 MORTGAGES. estate generally, without confining it to the personal estate (e). Apgi^es^to The Act has been held to apply to an equitable mortgages, mortgage by deposit and memorandum (_/), although the same may have been additionally secured by the debtor's promissory note {g) ; but not to the lien of a vendor for unpaid purchase-money {h), nor to lease- holds {i). Where, then, real estate and also property to which the Act does not apply are the subjects of the same mortgage, in the administration of the mort- gagor's estate the mortgage debt must be borne by the real estate and the other property rateably(/). So also wh-ere two estates are subject to the same mortgage, and one of them is specifically devised and the other passes under a residuary devise, the two estates must rateably bear the mortgage debt Qc). 30 & 31 Vict. • As to the wills of persons dying after the 31st of '• ''■ December, 1867, it is enacted by the 30 & 31 Vict. c. 69, that a general direction that the debts of the testator shall be paid out of his personal estate shall not be deemed to be a declaration of an intention contrary to or other than the rule established by the 17 & 18 Vict. c. 113, unless such contrary or other intention shall be further declared by words expressly or by necessary im- plication referring to all or some of the testator's debts or debt charged by way of mortgage on any part of his real estate {!). And by section 2 it is provided that in the construction of the Act the word mortgage shall extend to any lien on unpaid purchase-money in lands and hereditaments purchased by a testator. If, then, a freehold or copyhold estate is contracted to be sold, and the purchaser dies before the whole of the purchase- money is paid, and by his will he makes a general or specific devise of such estate, the purchased estate will (e) See also Smith v. Smith, 3 803. Giff. 274 ; Greated v. Greated, 26 Qi) Hood v. Hood, 26 L. J. (N. S.) Beav. 621 ; Allen v. AUen, 30Beav. Ch. 616. 395 ; Hepworth v. Hill, ih. 476 ; U) Solomon v. Solomon, 33 L. J. Bno V. Tatam, 4 GifF. 181 ; 9 Jur. Ch. 473. N. S. 481 ; Moore v. Moore, 1 De {j) Trestrail v. Mason, W. Notes, G. & S. 602 ; Brownsonv. Lawrence, 1878, p. 13. L. R. 6 Eq. 1 ; Eowson v. Harrison, (7c) Gibbins v. Eyden, L. R. 6 Eq. 31 Beav. 207, seems to be overruled. 371 ; but see contra Brownson ' r. (/) Pembroke v. Friend, John. & Lawrence, uU suprd. ■'^^"J- i'\^-, „ , Sec. i. SeeSackvillei>. Smith, (g) Coleby v. Coleby, L. R. 2 Eq. L. R. 17 Eq. 153 Digitized by Microsoft® MORTGAGES. 485 be the primary fund for the discharge of the unpaid purchase-money. If, however, the purchaser dies in- testate, his personal estate will be the primary fund for this purpose (hi) Upon a mortgage by a husband and wife of the wife's ^^^^^f land, where the money is received by the husband, the husband on husband and his estate are primarily liable (n). If the f j'fe's deed expresses that the money is paid to the husband and wife, that is primd facie a payment to the hus- band, but it may be sliown by extrinsic evidence that the payment was in fact for the benefit of the wife, and in that case the land will be primarily liable (o). VIII. Mortgages under powers, including mortgages hy executors. When mortgages are prepared in pursuance of J'/«p^^'°° powers, it is important to consider what provisions may ^^^J'^'ra'"'" be introduced into the deed, consistently with the terms of the power. In Clarke v. The Royal Panopticon (p), Kindersley, V.-C, held that under a power to mortgage without more, the donee of the power could not give the mortgagee a power of sale in case of default. But this case may be considered to be overruled by more recent authorities which decide that a power of sale is an ordinary incident to a mortgage, and that a power to mortgage includes a power to give a mortgagee all such remedies as are proper to be given to him, and that one of these remedies is a power of sale [q). It will, however, be more prudent that the document creating the power should expressly provide that any mortgage made in pursuance thereof may contain a power of sale, and such other powers and provisions as / may be deemed expedient. It is also desirable to pro- vide that the costs and expenses of and attending the mortgage may be added to and included in the amount to be raised, and that the mortgagee shall not be con- (m) Harding v. Hartling, L. E. 173 ; Earl of Kinnoul v. Money, 3 13 Eq. 493. Swanst. 202, 211, note. (ra) Tate v. Austen, 1 P. Wins. (jj) 4 Drew. 26. 264 ; Pocock v. Lee, 1 Vern. 604 ; (j) Bridges v. Longman, 24 Beav. see Scholefleld v. Lockwood, 33 L. 27 ; Cook v. Dawson, 29 Beav. 123, J. Ch. 106. 128 ; In re Chawner's will, L. R. 8 (o) Hudson V. Carmichael, Kay, Eq. 569. 613 ; Clinton v. Hooper, 1 Vos. .Jun. Digitized by Microsoft® 486 MOETGAGESi cerned to see that the money advanced is required for the purpose for which it is expressed to be borrowed. Executor ^n executor or administrator has an absolute power niay sell or i^ "ersmSt ^^ disposal over the personal property of the testator or intestate, including his chattel interests in land. He may, therefore, either sell or mortgage the same (r), and the mortgagee need not inquire of the executor or administrator as to debts or legacies, but he should, if possible, obtain the concurrence of the legatee where the property is specifically bequeathed, lest the executor or administrator should have made a previous assent to the legacy. marSve "^^ executor or administrator may not only mortgage Eto"' ^^^ assets, but may give to the mortgagee a power of mortgagee, gale (s), and where a mortgage is made of an infant's real estate under an order of the Court, a power of sale may be inserted, because better . terms can be thus obtained in raising the money {t). IX. The rights and priorities of several mortgagees and incumbrancers amongst themselves, the protection afforded to purchasers and mortgagees against concealed trusts and incumbrances by the possession of the legal estate, the doctrine of tacking, notice actual and con- structive, and the consequence of laches on the part of a mortgagee, particularly in reference to the title deeds. Cases in It somctimos happens that the same property is made questions the subjcct of several mortgages, the fact of the prior arise™"'' incumbrauces being concealed from each subsequent mortgagee, or that a sale or mortgage is made by a person who is a trustee without power to sell or mort- gage, or who is affected by notice of prior trusts or incumbrances, or whose title is otherwise defective in equity, to a person who has no knowledge of such cir- cumstances. In these cases questions of priority arise, in the former, as between the successive mortgagees' and in the latter, as between the purchaser or mort- gagee on the one hand, and the persons whose rights (r) See 2 Wms. on Executor e21 ; Cruikshank v. Duffin, L fi. p. 873 ; see Earl Vane v. Eigden, 13 Eq. 555 " I^-K-6C.A663. ^(OSelby v. Cooling, 26 Beav. (s) Eussell V. Place, 18 Beav. 418. Digitized by Microsoft® MORTGAGES. 487 are prejudiced by the sale or mortgage on the other hand. In determining such questions, two rules must be ^"'f.^ „ 1 • ■ 1 mi ■ n / 1 • • applicablo borne m mmd. Ihe one is, that where the equities are *^™«^ equal, the person who has the legal estate will pre- vail (u) ; and the second is, that as between persons having only equitable interests, if these equities are in other respects equal, priority of time gives the better equity, for qui prior est tempore potior est jure (v). It has long been settled that if a person being a trustee ^thmt" on an express trust, or being affected by notice of a trust p°Ji^et"him. or incumbrance, conveys the legal estate to a purchaser j^ff^tf"^'* or mortgagee for valuable consideration who has no ^Jj^^ notice, the latter is protected from such trust or in- cumbrance by the possession of the legal estate, and acquires an indefeasible title both at law and in equity, so that he may himself afterwards effectually sell or mortgage even to persons who have notice (x). And the protection of the legal estate extends to cases where orXud.""'" the vendor or those from whom he claims is or are guilty of gross fraud. Thus in Jones v. Powles {y), Jones mortgaged to Holbrook, and afterwards paid off the mortgage, but took no reconveyance, so that Hol- brook became a trustee for Jones ; — : Jones afterwards died, and Meredith produced a document purporting to be the will of Jones, devising all his property to Mere- dith, but which document was in fact forged by him. Meredith borrowed money from Hall, and Holbrook, by the direction of Meredith, conveyed the legal estate by way of mortgage to Hall to secure the advance, and this mortgage, by virtue of several mesne conveyances, became ultimately vested in Powles, who took pos- session. Upon a bill afterwards filed by the heiress at law of Jones, it was held that Powles had a good security by virtue of the possession of the legal estate for the money due to her. In Gilbert's " Lex Preetoria " {Frauds, p. 287), the ^^^^^^ Gilbert. (w) Francis' Maxims, Max. 1 ; 2 478. Fonblanque on Equity, 302. {y) 3 M. & K. 581. See also (v) Rice V. Rice, 2 Drew. 73. Newton v. Newton, L. R. 4 C. A. Xx) Ferrers v. Cherry, 2 Vem. 143 ; Young v. Young, L. R. 3 Bq. 383 ; Mertins v. Jolliffe, Ambl. 1 ; Pilcher v. Rawlins, L. R. 7 0. 313 ; Sweet v. Southcote, 2 B. C. 0. A. 250. This last case overrules 66 ; Macqueen v. Farquhar, 11 Ves. Carter v. Carter, 3 K. & J. 617. Digitized by Microsoft® 488 MOKTGAGES. equi|;able rigM of a purchaser for valuable consideration is stated thus : " If B. obtains a conveyance of land from A. by fraud, and A. quits the possession to B., and B. sells the land to C. for valuable consideration bond fide and without notice, A. can never obtain the land against C, because the fraudulent conveyance with the quitting the possession transfers an interest, and that when C. has obtained an interest at law for his money bond fide, a court of equity ought not to take it from him." Some cases Jt follows from what has been stated that if B. takes a to whicn „ role applies, conveyance or mortgage of the legal estate from A. under circumstances which would make the transaction impeachable in equity as against B., either by A. him- self, or by some person for whom A. is a trustee, and B. subsequently conveys the legal estate to C. as a purchaser for valuable consideration, and without notice, either actual or constructive, of such circum- stances, C.'s title cannot be impeached. Thus if A. being a mortgagee with a power of sale, sells to B. under circumstances which would enable A.'s mortgagor to set aside the sale as against B., and B. subsequently sells or mortgages to C, who has no notice of such circumstances, C is protected by the possession of the legal estate. Again, if a purchase by B. from A. is liable to be set aside as between those parties on the ground that B. was A.'s solicitor, and B. previously to any suit instituted for that purpose, sells and conveys the legal estate to C. who has no notice, either actual or constructive, of the relation of solicitor and client existing between A. and B., it is conceived that C. in this case also has an indefeasible title. Tacking. The protection of the legal estate is not confined to cases where a purchaser or mortgagee acquires such legal estate at the time of his purchase or mortgage, or be- fore he has notice of the prior trust or incumbrance (z). Thus a third mortgagee advancing his money without notice of a second mortgage, may, by paying off a first mortgagee who has the legal estate, and taking a transfer from .him of such first mortgage, hold the property as (a) Stanhope v. Earl Verney, 2 Willoughby, 1 T. R. 763 ; Butler's Men, 85 ; see also Willoughby v. note to Co. Lit. 390 b. Digitized by Microsoft® MORTGAGES. - 489 against the second mortgagee until not only the first mortgage but also the third is paid off; in other words, may tack the two debts together, and thus, as it were, squeeze out the second (a). But a purchaser or mortgagee, who, after completing Purchaser his purchase or mortgage, becomes aware that the legal estlut^ estate is vested in a trustee upon express trusts, cannot t?i!Cwith protect himself against such trusts by taking a convey- rrot«ctod. ance of the legal estate from the trustee ; for by taking a conveyance with notice of the trusts, he himself becomes the trustee, and must not, to get a plank to save himself, be guilty of a breach of trust (6). It follows that if a first mortgagee, after his mortgaefe tiupi has been satisfied, conveys the legal estate to a third taking I mortgagee, and at the time of such conveyance, the from Hrst third mortgagee has notice of a second mortffasre, the wiio has ^" -1 ■ oo' been pre- third mortgagee, though he had no notice of the second viousiy raid mortgage when he advanced his money, does not by pritected. such transaction obtain priority, the distinction between such a case and the ordinary case of tacking being this : It is no breach of duty in a first mortgagee who is un- satisfied to transfer his mortgage to any person who pays him off, and he may therefore transfer it to the third mortgagee, but if the first mortgagee has been satisfied, he thereby becomes a trustee for the second, and it is a breach of duty in him to convey the legal estate to the third, who being aware of such breach of duty, will not be allowed to profit thereby (c). And in some recent cases, the opinion of the Court ^°^™y''"'=° seems to have been, that a purchaser or mortgagee who breach of n !• ■ 1 n t ' 1 • 1 trust, no at the time of completion acquires a detective title, can- p^^JJ^J'^-^ not avail himself of a subsequent conveyance of the legal Bran^c^^!^^ estate from a person who being a trustee for another the ^ist, commits a breach of trust in so conveying, even if the "™ (a) March v. Lee, 1 Ch. Ca. 162 ; 2V1 ; Allen r. Knight, 5 Hare, 272 ; 2 Vent. 337 ; Churchill v. Grove, 1 see also Willoiighby v. Willoughby, Ch. Ca. 36 ; Edmunds v. Povey, 1 T. R. 763 ; Maundrell v. Maun- 1 Vern. 187 ; Bovey v. Skipwith, 1 drell, 10 Ves. 246 ; £!x parte Knott, Ch Ca. 201 ; Peacock v. Burt, 4 11 Ves. 609 ; Mumford v. Stohwaa- Law J. (N. S.) Ch. 33 ; Spencer v. ser, L. R. 10 Eq. 557. Pearson, 24 Beav. 266 ; Bates v. (c) See Bates v. Johnson, 1 John. Johnson, 1 John. 304. 301. (6) Saunders v. Dchew, 2 Vcm. Digitized by Microsoft® 490 MOBTGAGES. person taking the conveyance has no notice of the trust {d). How far In the application of the doctrine as to the protec- onegli'™ tion afforded by the legal estate to the transferee of a applies to mortgage, it must be borne in mind that a mortgage transferee . i i * * i 'in i i ± 1 of amort- IS regarded m equity as a mere security tor a debt, and *'^^' consequently that the interests of persons claiming under a mortgage in the land comprised therein are regulated by their interests in the debt for which Transferee the land is a sccurity. If, then, B., by fraud, in- gaj'e^mbe duccs A. to exBcute to Mm a mortgage, no money p1)s"ition °' passing from B. to A., and no debt being in fact feror.™^' Contracted, and if B., without the concurrence of A., subsequently transfers such mortgage to C, for valu- able consideration, it is conceived, that C. is in no better position than B., for as no debt was due to B., no debt passes to C ; and as the land was not the subject of the transaction, but the debt for which the land was only a security, G. cannot retain the land as against A. where there is no debt (e). Again, if A. mortgages land to B., who knows that A. is a trustee without a power to mortgage, or having such power is improperly exercising it, no debt is created as against the land and the beneficial owners of it. If, then, B. afterwards transfers such mortgage to C. without the concurrence of A., C, though without notice of the trust, can only stand in the shoes of B., and will not be allowed to retain the land against the Burt 11. cestuis que trust of A.. Thus, in Burt y. True'man{f), rneman. Penibertou, thc trustee of a will with a power to raise money by mortgage for payment of debts, deposited the title deeds relating to lands of the testator with HoUoway, under circumstances which, in the opinion of the Court, constituted notice to him that the money was raised for Pemberton's private purposes. After- wards HoUoway transferred his equitable security to Trueman, who subsequently applied to Pemberton for, and obtained, a legal mortgage in pursuance of the original agreement. Trueman had no notice either (d) Mayfield v. Burton, L. E. 17 54 ; Rolt v. White, 31 Beav. 520. Eq. 15 ; Mumford v. Stoliwasser, ib. (/) 6 Jur. (N. S.) 72. See also 18 Eq. 557. Parker v. Clarke, 30 Beav. 54 • (e) See Parker v. Clarke, 30 Beav. Adsett v. Hives, 33 Beav. 52. ' Digitized by Microsoft® Trueman. MORTGAGES. 491 when lie advanced his money, or took the legal mort- gage, of the improper application of the original ad- vance, and nevertheless the mortgage in his hands was held to be invalid as against the cestuis que trust under the will. The Vice- Chancellor observed that the equit- able security was certainly bad in the hands of Hollo- way against the cestuis que trust. " Suppose, then," he said, " that a bill had been filed by the present plaintiff against Trueman, could he have maintained that mort- gage, he standing simply in the shoes of HoUoway 1 Trueman could not have maintained it more than Hol- loway, and if the security was one that he could not maintain at first, the taking the legal estate merely in consequence of a prior contract did not enable him to do so. It is not necessary to consider what would be the position of Trueman if he had been asked to ad- vance money for the first time to Pemberton, on the representation that Pemberton wanted the money to pay debts." It will be observed that in this case no debt was created by the transaction with HoUoway as against the land and its beneficial owners ; no debt, therefore, passed by the transfer to Trueman, and the subsequent getting in of the legal estate was merely an acquisition of a further security in pursuance of the original contract for a debt which did not in fact exist. But where the mortgagor joins in the transfer of a Distinction mortgage, it is to be conceived that the transaction is gagorjoins to be treated as a new one, and that the transferee is or mort- not affected by any equitable right binding the original radc°r power mortgagee, of which he (the transferee) has not him- self notice. Again, if B., a mortgagee with notice of a prior trust or incumbrance, sells under a power of sale in the mortgage deed to C, who has no notice, it is conceived that as the land which is the subject of the transaction passes to C. by the deed, C. can hold the land free from any right of redemption on the part of the prior cestui que trust or incumbrancer. It will be borne in mind that the possession of the ^^^^ learal estate is essential to give to a purchaser or mort- party has O .. O. .-"^ c ^ • T 1 ^"8^1 estate, gagee priority over trusts or incumbrances oi wnicn ne p™|jjj^ has no notice ; so that where the interests of all of dances are i • 1 1 1 "ii 1 according to several incumbrancers are equitable only, either by their dates. Digitized by Microsoft® 492 ~ MOKTGAGES. reason of the legal estate being outstanding, or from the property being of an equitable nature, then if the equities of all parties are in other respects equal, i.e., if there are no special circumstances entitling one of the parties in preference to another to the assistance of the Court, the incumbrances wUl rank according to their order of date {g). In such a case the rule qui prior est tempore potior est jure apphes. Thus, if a mortgagee of an equitable estate, who is in fact a trustee, though not so expressed in the mortgage deed, fraudulently transfers the mortgage to another for valuable consideration, the transferee will take, subject to the claims of the cestuis que trust, assuming that the latter have not been guilty of negligence (h). And there can be no tacking where all the incumbrances are equitable, so that a third mortgagee gains no ad- vantage by taking a transfer of the first mortgage, where the legal estate is outstanding. parlfhaTby ^ut if the party whose right is prior in time, has, by cScea^ ^^^ °"^^ negligence, conduced to the fraud committed i°e^ifta' on the other, he will be postponed, as in such case his postponed, equlty is inferior. Thus, when A. was induced by his solicitor to execute a deed, which was, in fact, a con- veyance to the solicitor as on a sale, and to sign the receipt for the purchase-money endorsed on the deed, trusting to his statement that the deed was a mere form, and afterwards the solicitor deposited the title deeds with B. by way of equitable mortgage to secure a debt, B. was held to have priority over A. (i). It was argued that the deed having been executed by A. under a misapprehension as to its contents, was a nullity, and some decisions of V.-C Stuart were cited in support of this view {k) ; but the Court considered that a man who signs a deed negligently cannot treat it as void against a third person, who innocently, and without any negligence on his part, acts on the deed so signed, and that a man who chooses to trust implicitly to his agent ought to suffer, rather than the stranger who deals with the agent. (g) Brace v. Duoliess of Marl- (i) Hiinter v. Walters, L R 7 borough, 2 P. W. 493, 7th Eesolu- Ch. 75. tion. {k) Vorley v. Cooke, 1 Giff. 230 ; (71) Cory v. Eyre, 1 De J. & G. Ogilvie v. Jeaffreson, 2 Giff. 253 ; 149. Lee v. Angus, Nov. 20, 1866. Digitized by Microsoft® MORTGAGES. 493 Before leaving the subject of tacking it may be stated |5*eTay' that if a mortgage is made to secure a specific sum and ?o°r'fSSer future advances, and such mortgage is followed by a i;?^ '„°otice second incumbrance, the first mortgagee would not be J|[ortgTge°'' entitled to priority in respect of further advances made by him after notice of the second mortgage, although the second mortgage was made with notice of the prior mortgage (Z). Notice may be either actual or constructive. As to Notice actual notice nothing need be said ; but a purchaser or constmu- mortgagee is often chargeable with the consequences of notice from the existence of circumstances which render it his duty to make inquiries, in which case he is deemed to have knowledge of the facts to which those inquiries ought to lead him. Thus notice that the title deeds are in the hands of a third party is notice of his charge on the property. When a pur- chaser is referred for information to another, it is his duty to make the proper inquiries of such person, and he would be held responsible for the information he might have gained by making the inquiries (m). Notice of a particular instrument is notice of all in- struments and facts which may be disclosed by that deed {n). So also notice of a lease is notice of the covenants and provisions contained in the lease (o). Notice of the property being in the occupation of a particular person is notice of the interest of that per- son, and inquiry must be made as to the tenancy and the agreement under which he holds {p). In fact, whatever should put the purchaser or mortgagee on inquiry is notice, and he would also be held to have constructive notice in any case in which he has de- signedly abstained from making inquiries for the pur-, pose of avoiding notice {q). Notice of a charge is notice of everything auxiliary (V) Shaw V. Neale, 19 Jur. 666 ; (o) Hall v. Smith, 14 Ves. 433. Rolt V. Hopkinson, 3 De G. & J. (p) Allen v. Anthony, 1 Mer. 177 ; 34 L. J. Ch. 468. 282 ; Meux v. Maltby, 2 Swanst. (to) Wasnn v. Wareing, 15 Beav. 281 ; James v. Lichfield, L. R. 9 J51 Eq. 51 ; Cavender v. Bulteel, ib. 9 (n) Coppin v. Fernyhoiigh, 2 Br. Ch. 79 ; Phillips v. Miller, ih. 9 C. C. C. 291 ; Eland v. Eland, 1 Beav. P. 196. 235 ; Davies v. Thomas, 2 Y. & C. (j) Jones v. Smith, 1 Hare, 55. 234 ; 16 Beav. 388. Digitized by Microsoft® Notice to solicitor notice to client. 494 MOJRTGAGES. to it, but if tlie same deed contains two charges of two distinct properties, a notice given of one charge is not notice of the other, (r). As a general rule, a person is deemed to have notice of all facts which come to the knowledge of his solicitor in the course of the same transaction (s) ; but as the doctrine is founded on the presumption that a solicitor communicates such facts to his clients, it does not apply where the fact with notice of which the client is sought to be charged is one which the solicitor would certainly conceal, as, e.g., a fraudulent act of his own (t). When the mortgagor is himself a solicitor and prepares the mortgage deed, the mortgagee em- ploying no other solicitor, the mortgagor will be considered the agent of the mortgagee in the trans- action (u). Priority It will be observed that neither the possession of the by mort °^ legal estate nor priority in point of time will secure to a fadils! mortgagee a preference over a subsequent mortgagee if the former by his wilful negligence puts it in the power of the mortgagor to commit a fraud on the latter. In such a case the prior mortgagee has an inferior equity, and although he may have the legal estate, wiU be postponed to the subsequent mortgagee. conse- It is the duty of a mortgagee to take care that the moTt^ag^e title deeds are delivered to him, or at all events that 9uS?ngfor somc good and a,pparently sufficient reason is given for their non-delivery, and if he omits all inquiry as to the deeds, he incurs a double risk. First, he is liable to be postponed to a prior equitable mortgagee holding the deeds, on the ground of constructive notice, for had he inquired for the deeds, such inquiry would probably have led to the discovery of the prior mortgage; and secondly, he will be postponed to a subsequent mortgagee, who may advance his money in ignorance of the prior mortgage, and to whom the deeds may be delivered on the ground (r) Re Blight's Trusts, 21 Beav. Chelmsford, L. 0., in EspiiTw. Pem- 430. berton, 3 De G. & J. 554, as to the (s) Lowther v. Carlton, 2 Atk. notice supposed to be received by a 242 ; Worsleyu. Earl of Scarborough, client through his solicitor. 3 Atk. 392 ; Hiem v. Mill, 13 Ves. (u) Hewitt v. Loosemore, 9 Hare, 120. 449 ; Espia v. Peraberton, 4 Drew. («) Kennedy v. Green, 3 M. & K. 333. 699. But see the observations of Digitized by Microsoft® MORTGAGES. 495 that the negligence of such prior mortgagee in leaving the deeds in the mortgagor's possession, has enabled or assisted the latter to commit a fraud on the subsequent mortofafifee (x). In Hewitt v. Loosemore (y), it was laid Hewuti-. down that a legal mortgagee will not be postponed to a prior equitable one on the ground of his not having got the title deeds, unless there be on his part fraud, or gross or wilful negligence, and the Court will not impute fraud or gross or wilful negligence, if he has bond fide inquired for the deeds, and a reasonable excuse has been given for the non-delivery of them, but if he omits all inquiry as to the deeds, then fraud, or gross or wilful negligence will be imputed. A mortgagee will not be postponed if he inquires for ^^ft^^"'" certain deeds, and the mortofagor assures him that they negligence ' ''.O • I \ T "^aato deeds. do not relate to the estate in question (z). In a case where the mortgagor borrowed the lease of the mort- gagee, in order that he might see its contents, a pur- chaser from the mortgagor did not gain priority over the mortgagee, although he obtained possession of the lease without notice of the incumbrance (a). But in a case where a mortgagor asked the mortgagee for a loan of the deeds for a particular purpose, and promised to return them forthwith, but the mortgagee did not apply for the deeds for four years, and the mortgagor in the meantime raised a sum on the deposit of those deeds, it was held that the first mortgagee had no equity against the second mortgagee, as he had by his laches enabled the mortgagor to commit a fraud (6). So where a mortgagee of leaseholds lent the lease to the mortgagor to enable him to raise money upon it, but at the same time told the mortgagor to inform the person from whom he proposed to borrow the money that the mortgagee had a prior charge, the bankers who advanced money on the security of a deposit of the lease without notice of the first mortgage, were held to have priority over that mortgage (c). (s) Layard v. Maud, L. E. 4 Eq. (6) Waldion v. Sloper, 1 Drew. 397, and the cases there cited. 173. {y) 9 Hare, 449. (c) Briggs v. Jones, L. E. 10 Eq. z) Jones V. Smith, 1 Ph. 244. 92. See also Hunter v. Eawlius, (a) Martinez v. Cooper, 2 Euss. L. E. 11 Eq. 292. 198, Digitized by Microsoft® 496 MORTGAGES. Hnch *■ -"-^ Golyer v. Finch id), a legal mortgage was executed of an estate, and the solicitor who was acting for the mortgagor and mortgagee, handed over to the latter certain documents representing them to be the title deeds, but which turned out to be false ; afterwards the mortgagor sold the estate to a purchaser without notice of the previous incumbrances ; and it was held that the mortgagee's priority was not affected by the subse- quent sale. In another case a solicitor mortgaged two properties to his client and sent him a parcel of deeds,, together with a memorandum to the effect that the deeds related to both the properties comprised in the mortgage. Subsequently the mortgagor sold one of the properties to a purchaser for value without notice of the mortgage, and handed over to him the title deeds which related to this property, and which in fact the mortgagor had never handed to the mortgagee. The mortgagee relying 01:1 the truth of the memorandum did not examine the parcel, and it was held that he could not be postponed on the ground of non-possession of the deeds, as there had not been fraud or wilful negligence on his part in not obtaining them (e). So , where a solicitor deposited certain title deeds with a client by way of equitable mortgage, omitting the latter deeds which showed the depositor's title, and he after- wards deposited such later deeds with his bankers as an equitable security, it was held that the client had priority (/). In Espin v. Pemherton {g), the mort- gagee, who was an articled clerk of the mortgagor, asked for the deeds, and was put off by the latter saying that he could not at the moment lay his hands upon them, but that the mortgagee should have them ; and he was not under the circumstances postponed to a prior equitable mortgagee {h). And in a recent case an equitable mortgagee, with whom some of the title deeds, including the conveyance to the mortgagor, were de- posited, filed a bill to establish his priority over a (6) 5 Ho. of L. Cases, 905. Baker, 1 Giff. 241 ; Carter ii. Carter, (e) Hunt V. Elmes, 28 Beav. 631. 3 K. & J. 615 ; Perry Herrick v. (/) Koberts v. Croft, 2 De G. & . Attwood; 2 De G. & J. 21 ; Lloyd v. J. 1. Attwood, 3 K. & J. 614 ; Hopkins M 4 Drew. 33. v. Amery, 2 Giflf. 293 ; Dowle v. (h) See also Atterbiiry v. Wallis, Saunders, 2 H. & M. 242 7 De G. M. & G. 454 ; Bayne v. Digitized by Microsoft® MORTGAGES. 497 subsequent legal mortgagee whose solicitor had omitted to examine a parcel which was given him previously to the execution of the mortgage deed, and purported to contain all the title deeds, but contained only the earlier deeds, and it was held that there was not such negligence as to fix the legal mortgagee with notice of the prior charge, and therefore that such legal mort- gagee must have priority over the previous equitable mortgagee (i). Where a vendor conveyed without receiving his pur- indorsement «/ ^ ^ _ o IT of receipt chase-money, but the receipt of it was indorsed on the^^'owp"!-- deed, and the title deeds were delivered to the purchaser, who afterwards deposited the deeds by way of equitable mortgage, and the mortgagee had no notice of the pur- chase-money being unpaid ; it was held, as between the vendor's Hen and the equitable mortgage, that the possession of the title deeds and the fact of the in- dorsement of the receipt on the deed, gave the mortgagee the better equity (k). Where the subject of an assignment is a chose in comb^ ^^ action or personalty vested in a trustee, it is the duty of not giving • •I'iiiiiiiiij.j. notice on the assignee to gfive notice to the debtor or to tne trustee, assignments 1 1 t ' n t ijjl 1 -n of closes in as the case may be, and it he neglects to do so, he will action, &c. be postponed to a subsequent assignee for value who takes this precaution. As regards a legal chose in action, it is provided by f^^ij^^"'" the "Judicature Act, 1873" (l), that any absolute as- ""yj™;^^' signment by writing, under the hand of the assignor i*"- (not purporting to be by way of charge only), of any debt or other legal chose in action, of which express notice in writing shall have been given to the debtor, trustee, or other person from whom the assignor would have been entitled to receive or claim such debt or chose in action shall be, and be deemed to have been, effectual in law (subject to all equities which would have been entitled to priority over the right of the assignee if this Act had not passed), to pass and transfer the legal right to such debt or chose in action, from the date of such notice, and all legal and other remedies for (i) Ratcliffe v. Bumard, L. K. Newton v. Newton, L. E. 4 C. A. 6 Ch. 652. See also Dixon v. 143. Muckleston, L. R. 8 Ch. 155. © 36 & 37 Vict. c. 66, sec. 25, (k) Rice V. Rice, 2 Drew. 73 ; sub-sect. 6. VOL I. ^ ^ Digitized by Microsoft® 498 MORTGAGES. the same, and the power to give a good discharge for the same, without the concurrence of the assignor. There is a proviso that if the debtor, trustee, or other person liable in respect of such debt or chose in action, shall have had notice that such assignment is disputed by the assizor or any one claiming under him, or of any other opposing or conflicting claims to such debt or chose in action, he shall be entitled, if he think fit, to call upon the several persons making claim thereto to interplead, or he may pay the same into Court, under the " Trustee Belief Acts." As the interest of a cestui que trust is not a legal chose in action, it is difficult to see how the above enactment can apply to a trustee, and why the word " trustee " is used. The subject of notice on assignments of choses in action and equitable interests is further discussed in the . next section. X. Some precautions to be observed by a person advancing money on mortgage. tfon'of®^ -^ mortgagee should make the same investigation of 6e^c™s ^^^ ^i^l® ^^'^ searches for incumbrances as a purchaser. S-ances™" "^6 should also take care to satisfy himself that the Value of property is of sufficient value. The ordinary rule is, seoun y. ;^j^^^ ^j^^ mouey advauccd should not exceed two-thirds of the value of the property if freehold lands of in- heritance, but if the principal part of the property con- sists of buildings, not more than Tialf its value should be advanced on it. SndiEga It is evident, from what has been stated in the mortgage, former part of this Dissertation, that a person lending money on the security of an- equity of redemption incurs some risk. For example, the mortgagor may have previously made equitable mortgages in addi- tion to the first mortgage, all which equitable mort- gages will have priority, on the principle of qui prior est tempore potior est jure. Again, if the mort- gagor should, after executing such second mortgage, make a third mortgage, concealing from the third mortgagee the existence of the second mortgage, the third mortgage^ may, by paying off the first mort- Digitized by Microsoft® M0RT(JAGB8. 499 g^g^) gain a priority over the second, upon the prin- ciple of tacking above explained. Again, the first mortgagee may have a separate mortgage of other property from the same mortgagor, for & separate debt, or, not having such separate mortgage at the time, he may subsequently obtain one by transfer or otherwise, in either of which cases he is entitled to hold both properties until both the debts are paid. If, notwithstanding the above objections, the weight Precautions of which depends in each case upon the circumstances, iiy a person a person agrees to lend money on a second mortgage, mmey'on he should inquire of the first mortgagee how much is Sgage. due upon his security, and when the second mortgage is completed, notice of it should be given to the first mortgagee. Such notice wiU prevent him from tack- ing any subsequent advance which he may make on the security of the property, although the original mortgage may be expressly made to cover future advances (to). Where the subject of the mortgage is a debt, or per- ^^°^ sonalty vested in trustees, or a policy of assurance, ^o™°^"y notice of the mortgage should be given to the debtor ^"3^"° or trustees, or assurance office, as the case may be ; t™stees. and if the subject of the mortgage is money to arise from the sale or mortgage of land, notice should be given to the trustees in whom the duty or power of selling or mortgaging is vested, although the time of sale or mortgaging may not have arrived {n). If such notice is not given; the mortgagee will be post- poned to a subsequent mortgagee who advances his money without notice of the prior mortgage, and him- self gives due notice of his own security (0). Notice is also necessary as against the debtor or^o^^°|^ trustee himself, for payment to the original creditor t^^i^^™*^ will be a satisfaction of the debt, notwithstanding p»y>.°|, that the creditor may have assigned it to another "'■editor. for a valuable consideration, if the debtor has no notice of such assignment ; and if the debtor has been released in a general settlement of accounts,'instead of (m) Kolt V. Hopkinson, 3 De G. & Fin. 456 ; Be Hughes' Trusts, 2 H. J. 177. & M. 89. (n) Lee v. Howlett, 2 Kay & Joh. (0) Loveridge v. Cooper, 3 Russ. 1. 501 ; Poster v. Cockerell, 3 CI. & K K 2 Digitized by Microsoft® 500 MORTGAGES. actually paying' the money, the , release is equally eflfectual (p). Notice The notice should be a formal notice, given by the should Toe , i-iiu-ii- a formal mortgagee or some one on his behali, or otherwise trustee not acquired by the debtor or trustee in a^ formal and iiSSmatton distinct manner. Thus, where a trustee became obtained, aware of the insolvency of his cestui que trust by reading in a newspaper an advertisement of a peti- tion in the Insolvency Court, but he received no formal notice of the insolvency from the assignee, and ' afterwards the insolvent made a mortgage, notice of which was duly given to the trustee by the mort- gagee, it was held that the mortgagee had priority, although, in fact, he made no inquiry of the trustee before he advanced the money {q). And information given casually in the course of conversation, even by the assignee himself, would not amount to a notice (r). : But a notice given by the assignor formally and dis- tinctly, or in such a manner as to fix the person to whom the notice is given with the consequences of acting contrary to the knowledge he has thus acquired, will be effective as against a trustee under a subse- quent bankruptcy, although the assignee himself has given no notice (s). wetta '^^® ^^^^ ^^ 'to ^^^ necessity of notice, in order to whlthef''' ^^^ priority, has been extended to assignees under the necessary. Insolveut Acts, formerly in force (t), and it is appre- hended that it also applies to trustees in bankruptcy, so that a trustee in bankruptcy not giving notice to the debtor or trustee of the fund, will be postponed to a subsequent assignee for value, who has no notice of the bankruptcy, but gives proper notice of his assignment (u). mX^ee Before advancing his money on the security of a inqS^of chose in action or equitable interest in a fund vested t^prio?' in trustees, a prudent mortgagee will, of course, in- biares. quire of the debtor or trustee, and in case of a policy (p) stocks V. Dobson, 4 De G. M. wards v. Martin, L. E. 1 Eq. 121. ^r;^,' ■, t, , ^ W -Ea! parte Agra Bank, L. R. 3 (q) Lloyd V. Banks, L. R. 4 Eq. Ch. 555. 222 ; Brewer's Trusts, *. 5 Eq. («) In re AtHnson, 2 De G. M. & 88. G. 140. (r) North British Company v. (m) /« re Barr's Trusts, 4 K. & J. Hallett, 7 Jut. (N. S.) 1263 ; Ed- 219. Digitized by Microsoft® MORTGAGES. 501 of assurance, of the assurance office, whetlier notice has been received of any prior incumbrance. If, how- ever, he neglects to make such inquiry, but gives notice of his own security, he will not, on account of his neglect to inquire, be postponed to a prior incum- brancer who has given no notice, because the inquiry, if made, would not have given him the necessary knowledge. Previously to the Bankruptcy Act, 1869, a chose in Notice of action, which was the subject of a mortgage, but of te^ which no notice had been given to the debtor or trustee, was, in the event of the bankruptcy of the as- signor, deemed to be within his order and disposition, with the consent of the true owner, and saleable ac- cordingly in the bankruptcy (v). Notice at any time before the bankruptcy was sufficient, although a long time might have been permitted to elapse between the execution of the equitable assignment and the giving such notice (w). But it is now provided by the "Bank- ruptcy Act, 1869 " (x), that things in action other than debts due to the bankrupt in the course of his busi- ness, shall not be deemed goods and chattels within his order and disposition. It has been held that shares in a Gas Company, standing in the bankrupt's name, are not things in action within this section (y). But in a case, where railway shares were standing in the name of a first mortgagee, it was held that the mort- gagor's interest in them was a chose in action, and con- sequently that they were not saleable by the trustee in bankruptcy as against a second mortgagee, who had given no notice either to the company or to the first mortgagee (z). So a debenture of a Joint-stock Com- pany, by which the company undertakes to pay a sum, (v) Ryall V. Kowles, 1 Ves. sen. 348. it was held that the notice which Williams v. Thorp, 2 Sim. 257 ; Ee he had of the charge was siifficient. Hughes' Trusts, ubi siiprd. Notice Ex parte Eogers, 8 De G. M. & G. to the ofiBcial liquidator of the as- 271. signment of a debt due from the (w) Re Pearse, ex parte Littledale, company has been held to be suffi- 24 L. T. R. 318. cient to protect the security as (x) 32 & 33 Vict. c. 71, s. 15. against the subseqiient bankruptcy (y) Ex parte Union Bank of Maa- of the assignees, L. R. 5 Eq. 284. chester, L. R. 12 Eq., 354. In a case where the mortgagees («) Ex parte Baxij, h. E, 17 Eq. were solicitors, and one of them 113. was one of the trustees of the fund-, Digitized by Microsoft® 502 MORTGAGES. and to charge their undertaking and property with the payment thereof, is a chose in action within the mean- ing of the Act {a). Notice It is not necessary to give notice to more than one Bev™^° of the trustees, so long as the circumstances of the case sSfflcient. remain unaltered by the death of that trustee, or his ceasing to be a trustee or otherwise (6). Effect of Where the assignor is himself one of the trustees, as MBi'^or" well as one of the cestuis que trust, it has been held by sd?a "*' Vice-Chancellor Kindersley, that a notice to such as- signor is not sufficient, on the ground that he has a motive for concealing the prior assignment from any person to whom he may make a second assignment (c); but in a more recent case {d), where on a mortgage by a husband and wife of the wife's reversionary interest, notice was given to the husband, he being one of the trustees of the fund, it was held by Lord Westbury that the notice was suflficient, as in deahng with a trustee it was to be assumed that he would deal honestly. It may, therefore, be considered settled, that the fact of the assignor being himself the trustee, does not affect the validity of the notice given to him. Notice It is, however, in all cases, prudent to give notice to given to all all the cxistlug trustees, for in case notice of an incum- tmstees.'"^ brauce is given to one only of several trustees, and the trustee 'to whom such notice is given dies, and after his death a second incumbrancer, not having actual knowledge of the first incumbrance, gives notice of his security to the surviving trustees, the second incum- brancer would by his notice gain a preference ; for in the altered circumstances which the death of the trustee who alone had notice of the first incumbrance introduces, inquiry of all the existing trustees would not have led the inquirer to a knowledge of the previous incum- brance. J^eTsiona ^^ ^ reversiouary fund is made the subject of settle- fSie ^ ment, and a cestui que trust under such settlement should subject of settlement. (a) In re Pryce, L. E. 6 0. D. Eq. 664. 685. (c) Brown v. Savage, 4 Drew. (5) Smith V. Smith, 2 Cro. & M. 635. 231 ; Tenison v. Ramsbottom, 2 (d) Willes v. Greenhill, 29 Beav. Keen, 35 ; Meux v. Bell, 1 Hare, 387, 393 j 31 L. J. (N. S.) Ch. 1 : 73, 97 ; Bridge v. Beedon, L. R. 3 In re Lewer, L. R. 1 C. D. 101, Digitized by Microsoft® MORTGAGES. 503 charge or otherwise dispose of his share, it will be pru- dent for the assignee to give notice of the assignment, not only to the trustees of the settlenaent, but also to the trustees of the document under which the settlor became entitled. Where in the case of a sub-mortgage of a policy of Notioo^on assurance the sub-mortgagee gave notice to the executor e<^^o{ of a prior mortgagee, and not to the assurance office, and the sub-mortgagor became bankrupt, such policy was held to be in the order and disposition of the bankrupt, and, as between the sub-mortgagee and the assignees, to belong to the assignees (/). The 30 & 31 Vict. c. 144, provides that no assign- so* 31 vie. ment shall confer on the assignee a right to sue for the policy moneys until a written notice in the form pre- scribed by the Act is given to the Company at their principal place of business, and that the date on which such notice is received shall regulate the priority of all claims under any assignment (g). Notice before a fund has come into existence to a Effect ot person who is merely a potential future trustee is in- ^^^°„^°^""'* effectual. Thus notice of a covenant to pay to cove- '^l°^^- nantees the proceeds of a commission in the army, given to the army agent before any sale is actually made, is ineffectual (h). New trustees of trust funds in settlement are not J^^w^^us- bound to inquire of the old trustees whether they have ,^^4*°, received any notices of dealings by the cestuis que trust. ^^J^^^' If, therefore, an assignee or incumbrancer of a cestui que J^^^yj^Y" trust gives notice to the then trustees, and the latter retire ^^f and do not pass on the notice to the new trustees, the "ran^s- assignee or incumbrancer runs the risk of haying the trust property distributed without reference to his claim. In order to be safe, he must either put a distringas on the funds, or have notice indorsed on the original trust deed (i). (/) Thompson v. Tomkins, 2 441 ; Somerset v. Cox, 33 L. J. Ch. Drew. & Sm. 8. 490. (q) Sees. 2, 3. W Ptipps v. Lovegrove, L. E. (h) BuUer v. Plunkett, 1 J. & H. 16 Eq. 80. Digitized by Microsoft® 504 MORTGAGES. XI. The provisions of the 23 (h 24 Vict.c. 145, {com- TYionly called "Lord CranwortKs Act") relating to mortgages {k). Preamble of The preamble of the above-mentioned Act recites that it is expedient that certain powers and provisions which it is now usual to insert in settlements, mortgages, wills, and other instruments, should be made incident to the estates of the persons interested, so as to dispense with , the necessity of inserting the same in terms in every foTOd l™"' ^^^^ instrument. The second part of the Act relates to mortgagees mortgages, and makes incident to the office and estate of a mortgagee powers m certain cases to sell, to msure against fire, and to appoint or obtain the appointment of a receiver. Power of ijijj^Q power to sell is by the Act made exercisable at any time after the expiration of one year from the time when the principal money shall have become payable according to the terms of the deed, or after any interest on such principal money shall have been in arrear for six months, or after any omission to pay any premium on any in- surance which by the terms of the deed ought to be paid by the person entitled to the property subject to the charge (Z). The person to exercise the power is the person to whom the mortgage money shall for the time being be payable, his executors, administrators, or as- signs (m). The Act provides that no sale shall be made until after six months' notice in writing given to the person or one of the persons entitled to the property subject to the charge, or affixed upon some conspicuous part of such property (w) ; and it also provides that the person exercising the power of sale thereby conferred, shall have power by deed to convey or assign to and vest in the purchaser the property sold for aU the estate and interest which the person who created the charge had power to dispose of, with an exception applicable to copyholds (o). (J;) This Act is set out at length admmietrators, or assigns," ought to in an Appendix. Tje omitted. (0 Sec. 11. (n) Sec. 13. (m) This expression is evidently (o) Sec. 15. incorrect; the words "hii executors, Digitized by Microsoft® MORTGAGES. 505 A general objection may be made to the adoption oi^^f^l^ the statutory power on the ground that it is desirable ^e"rtrttf that a mortgagee should be able to ascertain without ^^"^"^ looking beyond his own deed what are his powers and remedies, particularly in relation to so important a part of his security as a power of sale. But apart from this objSnJ. general" objection, a few observations will be sufficient to show that the statutory power differs from, and is in- ferior to the power ordinarily inserted in mortgage deeds in several particulars. 1. The statutory power cannot be exercised until the cmnotbe expiration of one year from the time appointed by the lf^°^^ deed for payment, and as that time is usually six months ordinary X. w/ ' ^ _ f/ power. from the date of the deed, a period of eighteen months must elapse before a sale can be made ; whereas accord- ing to the ordinary form a sale may be made at the expiration of twelve months from the date of the deed, provided the proper notice is given. 2. The statutory power cannot be exercised even if the interest is in arrear, without giving six months' previous notice, while, according to the usual power, notice is not required if the interest is in arrear for a certain time, usually three months. 3. The six months' notice required by the Act must be given to the person, or one of the persons, entitled to the property subject to the charge, or left upon some conspicuous part of the property. In order to ascertain who is the person to whom the notice is to be given, it would be necessary for a mortgagee exercising the sta- tutory power to inquire what dealings there have been with the equity of redemption. It may happen that after the mortgage, the mortgagor has settled the pro- perty or created several incmnbrances thereon, or other- wise dealt with it in such a manner as to vest it in various persons for various interests. The expression in the Act, " one of the persons entitled to the property subject to the charge," is ambiguous, and in such a case, as is above supposed, it might be a difficult question to de- termine which of the several persons interested covld be considered one of the persons entitled to the property within the meaning of the Act, so as to make effectual a notice served on such person only. Again, if the mort- gagor should leave the country, it would nevertheless Digitized by Microsoft® 506 MORTCIAGES, seem necessary, according to the form in the Act, to ascertain his residence, and serve him personally. It is true that the difficulty above referred to might in the case of a mortgage of land in possession be avoided by leaving the notice upon some conspicuous part of the property, but if the subject of the mortgage should be a reversion expectant on a lease, ground rents, tithes, or other incorporeal hereditaments, this mode of giving the notice would be precluded. According to the form adopted in this collection of precedents, the notice may be given to the mortgagor, or any one of his executors or administrators, or left at his usual or last known place of abode in England or Wales, or upon some part of the property, thus rendering it unnecessary to ascertain the dealings with the equity of redemption. stetutoi^ The next power conferred by the Act is a power to InS kte iiisure against fire, and which, like the power of sale, is only to be exercised after certain events — one of such events being the omission of the mortgagor to pay any premium on insurance, which by the terms of the deed he ought to pay. It is evident that, even if the Act is relied on, the deed must contain the ordinary covenants by the mortgagor to keep up the insurance, to pay the premiums, and produce the receipts to the mortgagee, so that the only saving effected by the adoption of the Act would be the power, which only occupies a few lines, enabling the mortgagee to insure in case of the mortgagor's default. Powerto The third statutory power conferred on the mort- receiver. gagco, Is the power to appoint, or obtain the appoint- ment of a receiver ; and in this respect the mortgagee obtains an advantage by the mere operation of the Act, which is not given to him by the terms of an ordinary mortgage deed, unless the appointment of a receiver is made a special condition on the agreement for the loan. Advantage There is no reason why a mortgagee should deprive mmOTt-* himself of this advantage by entirely negativing the gagee. Operation of the Act ; and, indeed, where, but for the statutory provision he would have expressly stipulated for the appointment of a receiver, there is an advan- tage in availing himself of the Act, which is worth consideration. It is contended by many that the ordi- Digitized by Microsoft® MORTGAGES. 507 nary appointment of a receiver is in the nature of a power of attorney, which would be revoked by the death of the mortgagor as the donor of the power. If the Act is reUed on, no question can be raised on this point, as the mortgagee then possesses these receiver- ship powers by virtue of the statutory provision that the mortgagee shall possess them, and not in virtue of any power conferred, or supposed to be conferred, on the mortgagee by the mortgagor. The practical conclusion to be derived from the above course re- 1 i- 'j_ij_'j' I'lij" J* commended observations IS, that it is desirable to insert m every aa to Act. mortgage deed a power of sale, and where the subject of the mortgage consists of buildings, provisions for insurance, as heretofore, but that it is not desirable to negative the operation of the Act altogether. Where the receivership clauses are considered to be Bf.«eiver- important, it may be desirable to introduce such vana- tions as are indicated in one of the Mortgage Prece- dents, infrdj. By reference to the 11th section it will be seen that Actappues I** 'lA 1 I'l 1 mort- the provisions in the Act apply only m the case where ^^^ the money is secured by " deed," and where " here- "««*» ^y ditaments " are the subject of security. XII. Transfers and Reconveyances of Mortgages. The usual form of a simple transfer of mortgage is — 5"^/°,™ 1st, an assignment of the mortgage debt ; and, 2ndly, of mort- a conveyance of the property, which is the subject of the mortgage, to the transferee, subject to the equity of redemption subsisting under the mortgage deed, and the transferor covenants that he has done no act to prevent him from making the transfer. As, untU lately, the mortgage debt, as secured by the f™^"' mortgagor's covenant, was not assignable at law, it has ^^f^ been usual and proper to insert in the transfer deed a ^°f <'™/ power of attorney enabling the transferee to sue ioy the necessary. debt in the name of the transferor ; but since it is now provided by the Judicature Act, that an assignment of a debt shall be effectual in law, if notice is given to the debtor (p), a power of attorney seems no longer ( p) 36 & 37 Vict. c. 66, sec. 25, sub-sect. 6. Digitized by Microsoft® 508 MORTGAGES. necessary, if the mortgagor is a party to the deed or otherwise has notice of it. Mortgagor A porson advancuig money on the security of a made party transfer of a mortgage, should make the mortgagor a to'admit tte party to the deed, if his concurrence can be obtained, amoun ue. j^^ ^-^^ purpose of admitting that the mortgage money remains due. In the absence of such admission the transferee will take subject to the state of the account between the mortgagor and the original mortgagee and to all equities subsisting between them. Form of If a further sum is at the time of the transfer ad- transferee vanced by the transferee to the mortgagor, it is usual further to convcy the property free from the old proviso for. redemption, and subject to a new one with new cove- nants for payment and a new power of sale, the old mortgage debt being at the same time transferred as a protection against mesne encumbrances (if any). Some- times, however, the deed is made to take the form of an ordinary transfer, followed by a covenant creating a further charge for the new advance. Plan to be Where copyholds are the subject of a mortgage, and a transfer of there has been a conditional surrender of them to the of copy- mortgagee, but (as is usual) no admittance on such sur- render, the ordinary and proper mode of effecting a transfer is for the mortgagor to make a new condi- tional surrender to the transferee, satisfaction being at the same time entered upon the old surrender. If, however, the concurrence of the mortgagor cannot be obtained, it is necessary, in order to vest the legal es- tate in the transferee, that the transferor should be admitted tenant on the original surrender, and should then surrender again to the transferee, subject to the mortgagor's right of redemption ; but this proceeding would, in many cases, involve a heavy expense in the way of fines and fees to the lord and steward, and to avoid it a transferee may sometimes be advised to accept a declaration of trust by the transferor of the benefit of the original surrender. ^tt&to Upon payment of principal, interest, and costs, the -™ya™eo'a mortgagor is entitled to a reconveyance at his own S^agl°' expense of the mortgaged property. If the mortgage is dew. of freeholds, and the mortgagee has died intestate, the Digitized by Microsoft® MORTGAGES. 509 legal estate will have descended on his heir, who, until a recent statute, would have been the proper person to reconvey, and if he was an infant, it would have been necessary to get a vesting order through the Court of Chancery under the Trustee Act. But it is now enacted under by the "Vendor and Purchaser Act, I874:"{q), that the Actiegai legal personal representative of a mortgagee of a free- re]p?esenta- hold estate, or of a copyhold estate to which the on pSSent mortgagee shaU have been admitted, may, on payment secureTby'' of all sums secured by the mortgage, convey or sur- "con^TCy.' render the mortgaged estate, whether the mortgage be in form an assurance subject to redemption, or an assurance upon trust. The above enactment does not prevent the devolu- ^"t prevent tion of the legal estate on the heir or devisee, but only o?™^!*"" confers on the personal representative a power to ^^^ °" convey. It would appear, therefore, that a reconvey- ance can now be made either by the heir or devisee, or by the personal representative. It is apprehended that the above enactment applies Act appues not onlv to a reconveyance strictly so-called, i.e., a re- fere™"? conveyance to the mortgagor himself, but to any case is paid otr. where the mortgagee for the time being receives the whole of the money, as, for example, a transfer of the whole debt in consideration of the full amount paid by the transferee to the transferor {r). It is moreover Applies, considered to be retrospective, i.e., it applies to a case gageehas where a mortgagee has died, and the money has been Act. paid to his personal representative before the Act came into operation, but the legal estate was left outstand- ing by reason of the heir being unable to convey, so that the legal personal representative may now perfect the title. Where the legal personal representative of a mort- ^f^^^ gagee sells under the power of sale, it is apprehended ^°^|[^i'°"''' (g) Sect. 4. judicial decision, and it is confi- (r) It is right, however, to say dently submitted that the broader that the Master of the Rolls ex- construction is the one which wiU pressed a different opinion on an ultimately prevail, should the ques- application to him for a vesting tion be brought before the Court and order. See in re Brook's Mortgage, fuUy discussed. In the meantime, 25 W. R. 841. But an expression however, the point must be con- of opinion on an ex parte application sidered as open to doubt, of this kind cannot be treated as a Digitized by Microsoft® 510 MOKTaAGES. drtus°'° that he may under the Act convey the legal estate, if satS- he admits on the face of the deed that his mortgage sanbu. (jgi-,^ jg £^J2y. satisfied by the purchase-money, but not otherwise. Trustee Act, In cases where the legal estate has descended on an infant, and the above enactment does not apply, it wiU be necessary to obtain a vesting order under the "Trustee Act, 1850 "(s). Vesting Where a mortgagee becomes lunatic, a vesting case of order must be obtained from the judges of the High mortgagee. Court of Justice, or of the Court of Appeal, en- trusted with the care of lunatics by the Queen's sign manual (i). mX° e Where the mortgage is of copyholds, and the mort- Ifoids""^^' S^E^^ h^^ ^*^t been admitted, it is sufficient to enter up Sfaction satisfaction on the Court rolls, and a warrant for this entor"u pu^p*^^^ should bo giveu to the steward. If he has unless ' been admitted, a surrender to the mortgagor will be mortgagee o o has teen necessarv. admitted. x-vti ■ f> i f i • ■ Where Where a mortgage is tor a term oi years only, it is fo?^CTmr usual to have a surrender on the mortgage being paid surrender ^g- . ^^^ ^ receipt iu fuU eudorsed on the deed will have Sece^aaiy. the Same legal effect, as the term being satisfied by payment will cease. Mortgages of Where land has been registered under the " Land re^^tered i^j-^nsfer Act, 1875," it can only be mortgaged so as to confer on the mortgagee a good title against subsequent purchasers or mortgagees, in the manner prescribed by the Act and the Rules and Orders made in pursuance thereof (38 & 39 Vict. c. 87, sees. 22 to 28). And a deposit of the land certificate is by the Act made equivalent to a deposit of title deeds so as to create an equitable mortgage (sec. 81). XIII. Stamps on mortgages, and deeds relating to mortgages. stamps on Bv the " Stamp Act, 1870 " (33 & 34 Vict. c. 97), MORTGAGE bond, debenture, covenant, v^rarrant of attorney to confess and enter up judgment, and foreign security of any kind ; (s).13 & 14 Vict. 0. 60, sees. 7 6 ; 15 & 16 Vict. c. 87, sec. 16 • 38 & 8. & 39 Vict. c. 77, sec. 7. (t) 13 & 14 Vict. c. eo, sees. 3 to Digitized by Microsoft® MORTGAGES, 511 (1.) Being the only or principal or primary- security for — Tlie payment or repayment of money not exceeding £25 Exceeding £25 and not exceeding £50 50 „ 100 100 „ 150 150 „ 200 200 „ 250 250 „ 300 300 For every £100, and also for any fractional part of £100, of such amount . (2.) Being a collateral, or auxiliary, or ad- ditional or substituted security, or by way of further assurance for the above-mentioned purpose, where the principal or primary se- curity is duly stamped ; For every £100, and also for any fractional part of £100 of the amount secured . (3.) Transfer, assignment, disposition, or assignation of any mortgage, bond, deben- ture, covenant, or foreign security, or of any money or stock secured by any such instru- ment, or by any waiTant of attorney to enter up judgment, or by any judgment ; For every £100 and also for any fractional part of £100 of the amount trans- ferred, assigned, or disponed £ s. d. 1 (J 3 2 6 3 9 5 6 3 7 6 2 6 6 stamps on transfers of mortgages. 6 And also where any further sum of") ,,,.., I The same dnty as a added to the money y principal security for money is already secured such fiirtlier money. (4.) Reconveyance, release, discharge, sur- render, resurrender, warrant to vacate or renunciation of any such security as afore- said, or of the benefit thereof, or of the money thereby secured ; stamps on reconvey- ance. Digitized by Microsoft® 512 MORTGAGES. For every £100, and also for any frac- £ s, d. tional part of £100, of the total ' amount or value of the money at any time secured 6 tion'of'terin '^'^® term " mortgage " means a security by way of mort- gage for the payment of any definite and certain sum of money advanced or lent at the time, or previously due and owing, or forborne to be paid, being payable, or for the repayment of money to be thereafter lent, advanced, or paid, or which may become due upon an account current, together with any sum already advanced or due, or without, as the case may be. And includes : — Conditional surrender by way of mortgage, further charge, wadset, and heritable bond, disposition, assignation, or tack in security, and eik to a reversion of or aifecting any lands, estate, or property, real or personal, heritable, or moveable, whatsoever. Also any deed containing an obligation to infeft any person in an annual rent, or in lands or other herit- able subjects in Scotland under a clause of reversion, but without any personal bond or obligation therein contained for payment of the money or stock intended to be secured. Also any conveyance of any lands, estate, or property what- soever in trust to be sold or otherwise converted into money, intended only as a security, and redeemable before the sale or other disposal thereof, either by express stipulation or otherwise, except where such conveyance is made for the benefit "of creditors generally, or for the benefit of creditors specified, who accept the provision made for payment of their debts in full satisfaction thereof, or who exceed five in number. Also any defeazance, letter of reversion, back bond, decla- ration, or other deed or writing, for defeating or making redeemable or explaining or qualifying any conveyance, disposition, assignation, or tack of any lands, estate, or Digitized by Microsoft® MORTGAGES. 513 property whatsoever, apparently absolute, but intended only as a security. Also any agreement, contract, or bond, accompanied with a deposit of title deeds (t), for making a mortgage, wadset, or any such other security or conveyance as aforesaid, of any lands, estate, or property comprised in such title deeds, or for pledging or charging the same as a security. And also any deed whereby a real burden is declared or created on lands or heritable subjects in Scotland (u). A security for the transfer or retransfer of any stock is to be Security for •' , . •' stock, how charged with the same duty as a similar security for a sum of '^"^^j money equal in amount to the value of such stock ; and a transfer, assignment, disposition, or assignation of any such security, and a reconveyance, release, discharge, surrender, re- surrender, warrant to vacate, or renunciation of any such secu- rity, shall be charged with the same duty as an instrument of the same description relating to a sum of money equal in amount to the value of such stock (x). (1.) A security for the payment or repayment of money to be security lent, advanced, or paid, or which may become due upon an f;^™!J^''^j account current, either with or without money previously due, is charged. to be charged, where the total amount secured or to be ultimately recoverable is in any way limited, with the same duty as a security for the amount so limited. (2.) Where such total amount is unlimited, the security is to be available for such an amount only as the ad valorem duty impressed thereon extends to cover. (3.) Provided that no money to be advanced for the insur- pioviso. ance of any property comprised in any such security against damage by fire, or for keeping up any policy of life insurance comprised in such security, or for effecting in lieu thereof any new policy, or for the renewal of any grant or lease of any property comprised in such security upon the dropping of any (t) In a case where title deeds were deposited by way of security, accompanied by a memorandum simply stating the purpose for which they were deposited, it was held that the mortgage did not require a mortgage stamp. Meek ■». Bayliss, 31 L. J. Ch. 448. («)Sec.l05. (k) Sec. 106. VOL. I. ^ ^ Digitized by Microsoft® 514 MORTGAGES. life -whereupon such property is held, shall be reckoned as forming part of the amount in respect whereof the security is chargeable with ad valorem duty (y). Security for A Security for the payment of any rent-charge, annuity, or by'peiriodioai periodicjal payments by way of repayment or in satisfaction or howto"bo discharge of any loan, advance, or payment, intended to be so ^^^ ' repaid, satisfied, or discharged, is to be charged with the same duty as a similar security for the payment of the sum of money so lent, advanced, or paid (z). As to No transfer of a duly stamped security, and no security by and further -nrav of further charge for money or stock, added to money or charges, ■' ^ ° '' ^ ^ *' stock previously secured by a duly stamped instrument, is to be charged with any duty by reason of containing any further or additional security for the money or stock transfen-ed or pre- viously secured, or the interest or dividends thereof, or any new covenant, proviso, power, stipulation, or agreement in relation thereto, or any further assurance of the property comprised in the transferred or previous security (a). As to copy- (1.) Where any copyhold or customary lands or heredita- ments are mortgaged alone by means of a conditional surrender or grant, the ad valorem duty is to be charged on the sur- render or grant, if made out of Court, or the memorandum thereof, and on the copy of Court Roll .of the surrender or grant, if made in Court. (2.) Where any copyhold or customary lands or hereditaments are mortgaged, together with other property, for securing the same money or the same stock, the ad valorem duty is to be charged on the instrument relating to the other property, and the surrender or grant, or the memorandum thereof, or the copy of Court Roll of the surrender or grant, as the case may be, is to be charged with duty as if the surrender or grant were not made upon a mortgage, but such last-mentioned duty shall not exceed the said ad valorem duty (6). holds. As to mort- An instrument chargeable with ad valorem duty as a mort- c^eTanoe gage is not to be charged with any other duty by reason of the of equity of ., j. j .• ,^ , , redemption, equity 01 redemption on the mortgage property being thereby (y) Sec. 107. (a) gee. 109. (z) Sec. 108. (6) Sec. 110. Digitized by Microsoft® MORTGAGES. 515 conveyed or limited in a ny other manner than to, or in trust foi", or according to the direction of, a purchaser (c). Section 112 provides that the exemption (d) from stamp duty fj^fj^^" conferred by the Act of the sixth and seventh years of King f^^^™^^ William the Fourth, chapter thirty-two, for the regulation of ^^^"^"i' Benefit Building Societies, shall not extend to any mortgage to restricted. be made after the passing of this Act, except a mortgage by a member of a Benefit Building Society, for securing the repay- ment to the society of money not exceeding five hundred pounds. The Act of William the Fourth is repealed by the " Building Societies' Act, 1874 "(e), as regards any society ob- taining a certificate of incorporation under the latter Act ; and the same act (/) provides for the exemption from stamp duty of all documents except mortgages. It would therefore appear that mortgages to Building Societies incorporated under the new Act require an ad valorem stamp, whatever may be the amount secured thereby. (c) Sec. 111. (d) The exemption referred to is conferred by the 8th section of the 6 & 7 Wm. IV. c. 32, which enacts that no rules of any such society, or any copy thereof, nor any transfer of any share or shares in any such society, shall be subject to any stamp duty or duties whatsoever. (e) 37 & 38 Vict. c. 42, sec. 7. (/) Sec. 41. L L 2 Digitized by Microsoft® 516 MORTGAGES. No. I. FMEH0LD3 MORTGAGE in Fee of Freeholds to one Person. TO ONE. *^ ^^^ — THIS INDENTURE, made the day of ■ , Between A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. ^Sent (inortgagee) of the other part : Whereas the said C. D. hath gag™""^ agreed to lend to the said A. B. the sum of £ , on having the repayment thereof with interest secured to him in the Witnessing manner hereinafter expressed : NOW THIS INDENTURE part. ^ WITNESSETH, that in pursuance of the said agreement, and tion*'**'^*' ^'^ consideration of the sum of £ , now paid to the said A. B. by the said C. D., the receipt whereof the said A. B. doth hereby acknowledge, and from the same doth hereby release the said C. D., The said A. B. doth hereby grant unto the said C. D. Conveyance his heirs and assigns. All, &c. ( parcels, general words, and all gl^Toi the estate, supra, p. ), To have and to hold the heredita- to mort- ments and premises hereby granted, or expressed so to be, unto ^^^' and to the use of the said C. D., his heirs and assigns, for ever, subject to the proviso for redemption next hereinafter contained Proviso for (that is to Say) : Provided always, that if the said A. B., his heirs, executors, administrators, or assigns, shall, on the day of next, pay to the said C. D., his executors, administrators, or assigns, the sum of £ , with interest for the same after the rate of £ per cent, per annum, computed from the date of these presents, then and in such case the hereditaments and premises hereby granted, or expressed so to be, shall at any time thereafter, at the request and cost of the said A. B., his heirs or assigns, be reconveyed to him or them, or as he or they shall Covenant by direct : And THE SAID A. B. doth hereby for himself, his heirs, to°pafprin- executors, and administrators, covenant with the said C. D., his Sterest. exocutors, administrators, and assigns, that he the said A. B., his heirs, executors, administrators, or assigns, will, on the day of next, pay unto the said C. D., his executors, administra- tors, or assigns, the sum of £ , with interest for the same after the rate of £ per cent, per annum, computed from the date of these presents : And if the said sum of £ shall not be paid on the said day of next, then will pay to him or them interest thereon after the rate aforesaid, by equal half- yearly payments, on the day of and the day of — ; — in every year, until the same sura shall be fully paid (a) : (a) If not thus extended, there is a difficulty in proceeding upon this covenant for interest which may accrue subgec[uent to the time ap- Digitized by Microsoft® MORTGAGES. 517 FREEHOLDS TO ONE And the said A. B. doth hereby for himself, his heirs, exe- cutors, and administrators, covenant with the said C. D., his . heirs and assigns, that he the said A. B. now hath good right to Sirt^or grant the hereditaments and premises hereby granted, or ex-e"uve^**" pressed so to be, unto and to the use of the said C. D., his heirs and assigns, in manner aforesaid : [And that if default shall be for quiet - , '- enjoyment made m payment of the said sum of £ , or the interest »'*?■■ „ ^ n default thereof, or any part thereof, on the day of next, the said C. D., his heirs and assigns, may at any time thereafter enter into and upon the said hereditaments and premises, and shall thenceforth quietly possess and enjoy the same, and receive the rents and profits thereof, without any lawful eviction, in- terruption, claim, or demand from or by any person or per- sons whomsoever : And thatI (6) free from incumbrances : freedom -• ** ' from mcuui- And fukthee, that he the said A. B., and all other persons trances, having, or lawfully or equitably claiming, any estate or further interest in the said hereditaments and premises, or any part "^^ thereof, shall and will, from time to time, and at all times here- after, at his or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the said hereditaments and premises unto and to the use of the said C. D., his heirs and assigns, in manner aforesaid, as shall or may be reasonably required (c) : And it Power of IS HEREBY AGBEED AND DECLARED, that it shall be lawful for the said 0. D., his executors, administrators, or assigns, at any time or times, without any further consent on the part of the said A. B,, his heirs or assigns, to sell the hereditaments and premises hereby granted, or expressed so to be, or any part or parts thereof, either together or in lots, and either by public auction or private contract, and either with or without special conditions or stipulations relative to title or otherwise, with power to buy in at sales by auction, and to rescind contracts for sale, and to resell without being answerable for any loss or dimi- nution in price, and with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts pointed ty the proviso for repayment of the debt, without calling in the principal. (6) The words within brackets may be safely omitted in a mortgage for the sake of brevity. (c) If the mortgaged property, or a substantial part thereof, consists of buildings, a covenant for insurance against fire should be added. See Pre- cedent No. III. infra. Digitized by Microsoft® 518 MORTGAGES. FREEHOLDS TO OHE. and things for completing the sale, which the said C. D., his executors, administrators, or assigns, shall think proper : And ?nraste'ot ^'^ IS HEREBY AGREED AND DECLARED, that the said C. D., his nwney!^°' executors, administrators, or assigns, shall with and out of the moneys to arise from any such sale as aforesaid, in the first place pay and retain the costs and expenses attending such sale, or otherwise incurred in relation to this security, and in the next place pay and satisfy the moneys which shall then be owing upon the security of these presents, and shall pay the surplus (if any) Power to tie ^o the Said A. B., his heirs or assigns (d) : Provided always, oDiy^ircase ^^^ i* is hereby agreed and declared, that the power of sale paymSt* '° hereinbefore cpntained shall not be exercised unless default shall or'of interest he made in payment of the said principal sum of £ , or the anear™ interest thereof, or some part thereof respectively, on the said day of , and also for the space of six calendar months next after a notice in writing requiring such payment shall by or on behalf of the said C. D., his executors, administrators, or assigns, have been given to, or left at the usual or last known place of abode, in England or Wales, of the said A. B., or one of his executors or administrators, or left upon or affixed to some part of the land hereby granted, or some building thereon, or unless default shall be made in some half-yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment : Purchaser PROVIDED ALSO, and it is hereby declared that no purchaser to inqui?6 upon any sale under the power hereinbefore contained, shall be fluit, &C. bound or concerned to see or inquire whether any such default has been made, or whether any such notice has been given, or left or aflSxed as aforesaid, or otherwise as to the necessity or propriety of such sale, or be affected by notice that no such default has been made, or notice given or left or affixed as afore- Powermay ^^^^' °^ ^^^^ *^® ®^^® ^® otherwise unnecessary or improper : And byanype?-* ^'^ ^^ HEREBY DECLARED, that the power of Sale hereinbefore to giv'e™^* contained, may be exercised by any person or persons for the for°Sgaget™e being entitled to receive and give a discharge for the money. Surplus {d) The surplus moneys should be limited to the mortgagor, his heirs, or moneys. assigns, because it is no part of a mortgage unnecessarily to deprive the lands of their character as real estate. I± a sale under the power takes place after the death of the mortgagor, his heir, or his devisee of the land, would be entitled to the surplus proceeds, and the effect would be the same, although thejr may be directed by the mortgage deed to be paid to the mortgagor, his executors, administrators, and assigns. In re Clark's Trust, 22 L. J. (Ch.) 230 ; Wright v. Rose, 2 Sim. & Stu. 323 ; Hardy v. Felton, l4 L. T. 346 ; Bourne v. Bourne, 2 Hare, 35 ; see and consider In re Under- wood, 3 K. & J. 745. Digitized by Microsoft® MORTGAGES. 519 FREEHOLDS moneys for the time being owing on the security of these pre- sents, and that if the legal estate in the said hereditaments and "mome? premises shall devolve upon or otherwise become vested in any person or persons other than the person or persons hereby authorised to exercise the said power of sale, the person or persons, in whom such legal estate shall for the time being be vested, shall execute such assurances for the purpose of com- pleting any sale made under the said power, as the person or persons by whom such sale shall be made shall direct: Pro- Power to be VIDED ALWAYS, and it is hereby declared, that the power of beZtett" sale hereinbefore contained, shall be deemed to be substituted stetuto?^ for the power of sale conferred on mortgagees, by an Act of ^^°^' Parliament passed in the 24th year of the reign of Her present Majesty, intituled " An Act to give to trustees, mortgagees, and others, certain powers now commonly inserted in settlements, mortgages, and wills," and shall take effect in all respects as if the said Act had not been passed (e).] No. II. MORTGAGE in Fee of Freeholds. (A short form.) MonTOAnE THIS INDENTURE, made the day of , Between ^**^i.„™. A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. Parties. (mortgagee), of the other part, WITNESSETH, that in con- sideration of the sum of £ to the said A. B. now paid by the said 0. D., the receipt whereof the said A. B. hereby acknowledges, the said A. B. (hereinafter called " the mort- conveyance gagor,") hereby grants unto the said C. D. (hereinafter called wjr^Jj^, " the mortgagee ") and his heirs. All, &c. (parcels), with all easements, rights, and things appurtenant, or reputed as appurtenant, thereto : And ALL the estate and interest (e) This proviso may be safely omitted. If it is wished to negative the operation of the Act altogether (which is not recommended as a general rule, see suprd, p. 507), the following clause may be used : — " Provided always, and it is hereby declared, that none of the powers or incidents conferred on or annexed to the office or estate of a mortgagee by an Act passed in the 24th year of the reign of Her present Majesty, intituled ' An Act to give to trustees, mortgagees, and others, certain powers now commonly inserted in settlements, mortgages, and wills,' shall take effect by virtue of such Act, with respect to the office or estate of a mortgagee hereby created." Digitized by Microsoft® 520 MORTGAGES. MORTGAGE IN FEE. (Short Proviso for redemptioD. Covenant to pay- principal and interest. Covenants for title. Power of Declaration of trusts of purchase- money. Power not to be exer- cised until after six months' notice, or default in payment of interest. of the mortgagor therein : To HOLD the same unto and to the use of the mortgagee, his heirs and assigns : Provided ALWAYS, that if the sum of £ , with interest thereon, shall he paid on the day of next, pursuant to the mortgagor's covenant next hereinafter contained, the said here- ditaments shall, at the request and cost of the mortgagor, his heirs or assigns, be reconveyed to him or them : And the mortgagor hereby covenants with the mortgagee to pay to him the sum of £ on the day of next, with interest thereon after the rate of £ per cent, per annum, computed from the date hereof, and also (if the said principal sum shall not be paid on that day) to pay interest thereon half-yearly, on the day of and the day of , until the said principal sum shall be fully paid : And the mortgagor further covenants with the mortgagee, his heirs and assigns, that the mortgagor now hath good right to grant the said hereditaments in manner aforesaid, free from incumbrances : And that he and all other persons (if any) having an interest in the said hereditaments, will at his or their own cost during the continu- ance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things for further assur- ing the said hereditaments unto and to the use of the mortgagee his heirs and assigns, as by him or them shall be reasonably required : And it is hereby declared, that the mortgagee, his executors, administrators, or assigns, may at any time with- out any further consent sell the hereditaments hereby granted^ or any part thereof, either together or in lots, and either by public auction or private contract, and either with or without special stipulations as to title or otherwise, and may buy in at sales by auction, and rescind contracts for sale, and resell, and may also execute assurances, give receipts for the purchase- money, and do all other things for completing the sale which may be thought fit, and shall, out of the sale moneys first pay the costs and expenses of such sale, or otherwise incuired in relation to this security, and secondly, pay the moneys which shall then be owing upon this security, and shall pay the surplus (if any) to the mortgagor, his heirs or assigns: Provided always, that the foregoing power of sale shall not be exercised unless default shall be made in payment of the said sum of £ , or the interest thereof, or some part thereof, on the said day of , and also for six calendar months after a written notice requiring payment thereof shall have been given to or left at Digitized by Microsoft® MORTGAGES. 521 MORTGAGE IN FEE. the usual or last known place of abode in England or Wales of the said A. B., or one of his executors or administrators, or left '•^''^pann.) upon or affixed to some part of the said hereditaments, or unless default shall be made in some half-yearly payment of interest for three calendar months after the time hereby appointed for such payment : Provided also, that no purchaser upon any ^"■''=''''^'='' sale under the aforesaid power shall be concerned to see or^^^'^^^'by inquire whether any such default has been made, or whether proviso, any such notice has been given or left or aflfixed as aforesaid, or otherwise as to the necessity or propriety of such sale, or be affected by notice that no such default has been made, or notice given, or left or afiSxed as aforesaid, or that the sale is otherwise unnecessary or improper. In witness, &c. No. III. MORTGAGE in Fee of a Dwelling-House and of dwell •' INO-HOUSE, Buildings with Provisions for Insurai^ce against with tbo •^ •' VISIONS FO VISIONS FOa ^ ^"^- TO ONE. THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. (mortgagee), of the other part (the same as Precedent No. I- down to the end of the covenants for payment of principal and interest) : And also that he the said A. B., his heirs, executors, coveuant ' . 1 • 1. * insure administrators, or assigns, will at all times durmg the contmu- against arc, ance of this security keep the messuage and buildings hereby granted, or expressed so to be, insured from loss or damage by fire, in the name or names of the said C. D., his executors, admi- nistrators, or assigns, in the sum of £ at the least, in the , Insurance Office, or in some other office for insurance to be approved of by him or them: And will duly pay all^^^^P^^. premiums and sums of money payable for that purpose, and will deliver to the said C. D., his executors, administrators, or assigns, the receipt for every such payment within seven days after it shall become due : And that in case the said A. B., his t^*^"^^ heirs, executors, administrators, or assigns, shall neglect or refuse ^?^l%^ to keep the said messuage and buildings, or any of them, insured ^^^"[g^., to the amount aforesaid, or to deliver such receipt as aforesaid, ^t"-"^^' then'and in every such case it shall be lawful for the said 0. D., his executors, administrators, or assigns, to insure the said Digitized by Microsoft® 522 MOJRTGAGES. or DWELL- ING-HOnSE, WITH PRO- VISIONS FOR messuage and buildings, or any of them, to the amount afore- said, or to any less amount, and all sums of money expended by ""to"^™' him or them in or about such insurance as aforesaid, with inte- rest for the same, at the rate of £o per cent, per annum, com- puted from the time or respective times of advancing the same, shall be repaid to him or them by the said A. B., his heirs, audthathe- exccutors, or administrators on demand, and in the meantime are to be a shall be a charge on the hereditaments and premises hereby moneys so granted, or expressed so to be, in addition to the said principal Tiy moi-t- sum of £ , and the interest thereof : And it is hereby Deoiara- AGREED and declared, that all sums of money received under or monies to ^J virtue of any such insurance as aforesaid, shall, at the option fo/suc™'^ of the said G. D., his executors, administrators, or assigns, either insurance. ^^ forthwith applied in or towards substantially rebuilding, rein- stating, and repairing the said premises, or in or towards the payment of the principal money and interest for the time being remaining due on the security of these presents, (a) (Covenants for title, power of sale, and provisions in reference thereto, as in Precedent No. I., to the end). In witness, &c. (a) AUernatwe form of covenant for insurance against fire. Alternative And" ALSO, that the Said A. B., his heirs, executors, adminis- i°Jj™™*g'™ trators, or assigns will during the continuance of this security against Are. keep the mossuage and buildings hereby granted, or expressed so to be, insured against loss or damage by fire to the full value thereof in some respectable insurance office approved by the said C. D., his executors, administrators, or assigns, and will duly pay all premiums and sums of money payable for that purpose, and will on demand produce to the said C. D., his executors, administrators, or assigns, the policy or policies of such insur- ance, and the receipt for every premium payable in respect thereof ; And THAT if the foregoing covenant shall not be duly observed, then the said C D., his executors, administrators, or assigns, shall be at liberty to insure the said messuage and buildings to such an amount not exceeding the value thereof as he or they shall think fit, and all moneys expended by him or them in or about such insurance as aforesaid, with interest thereon after the rate of £5 per cent, per annum, computed from the time of expending the same, shall be repaid to him or them by the said A. B., his heirs, executors, or administrators on demand, and in the meantime shall be a charge on all the hereditaments hereby granted, or expressed so to be, in addition to the money hereby originally secured : And it is declared, that all' sums of money received under any such insurance shall be laid out in reinstating the premises in respect of which the same shall have been received. Digitized by Microsoft® MORTGAGES. 523 No. IV. MORTGAGE in Fee with Provisions for Reducing fob time CERTAIN, the rate of Interest in case of Punctual Pat- ■"'T" k^- •^ *^ DUCTION OF ment, and for continuing the Loan for a Time istekest on Certain (a). •myment. THIS INDENTURE, made the day of , Between A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. (mortgagee), of the other part (the same as Precedent No. I. or No. III., adding at the end of the covenant for payment of interest the following) : Provided always, and it is hereby .Proviso^for agreed and declared, that if, and whenever a half year's interest ?f interest ° ' ' •'in case of for the said principal sum of £ , after the rate of £4 per p^^'^^^' cent, per annum, shall be paid upon the half yearly day here- inbefore appointed for payment of interest, or within one calendar month thereafter, the said 0. D., his executors, ad- ministrators, or assigns, shall accept the same in lieu of and in satisfaction for the interest after the rate of £5 per cent, per annum, payable for that half year under the covenant in that behalf hereinbefore contained, but without prejudice to his or their right to require payment of interest after the higher rate for any half year in which interest shall not be paid within the time aforesaid (b) (Covenants for title, and power of sale and provisions in reference thereto as in Precedent No. I.) : Pro- vided ALWAYS, and it is hereby further agreed and de- Proviso ' y _ ° _ that mort- clared, that if the said A. B., his heirs, executors, adminis- b'««« ?!»?ii ' ' ' ' not call in trators, or assigns, shall for the term of years, computed ™™^y '""^ from the date of these presents, duly pay to the said C. D., his executors, administrators, or assigns, interest for the said prin- cipal sum of £ , after the rate aforesaid, upon the several half-yearly days hereinbefore appointed for payment of interest, or within one calendar month after the same days respectively [and shall also duly observe and perform the covenants herein- before contained for keeping the said premises insured against (a) It must not be supposed that where there is a provision for reducing the rate of interest on punctual payment, it is always accompanied by a provision for continuing the loan for a time certain, or vice versd. On the contrary, one is often inserted without the other. (6) See p. 463, swprd. Digitized by Microsoft® 524 MORTGAGES. certain' ^°^® °^ damage by fire], then and in such case the said C. D., his executors, administrators, or assigns, shall not, nor will call in or take steps to enforce payment of the said principal sum, or any part thereof, before the expiration of the said term of CERTAIN, WITH RE- DUCTION OF INTEREST ON PUNCTUAL PAYMENT. puichase*''*' years; But so that upon any sale made under the aforesaid aSed by° power in that behalf before the expiration of the said term of proviso. years, the purchaser shall not be bound or concerned to see or inquire whether such sale is consistent with this proviso, nor be affected by notice that the same is made in breach Proviso that thereof : Provided also, and it is hereby further agi-eed and mortgagor ^ ' ^ '* ^ ^ ° shall not declared, that the said A. B., his executors, administrators, or pay off ' ' ' ' fore end 6f ^'Ssigns, shall not be at liberty to pay off the said principal sum term. ^f ^ qj. gj^y -ggxi thereof, before the expiration of the said term of years, computed from the date of these presents, unless the said 0. D., his executors, administrators, or assigns, shall be willing to receive the same earlier, nor to pay the same on the expiration of the said term without giving the usual six months' notice of intention so to do. In witness, &c. No. V. FREEHOLDS MOKTGAGE in fee of Freeholds to persons Lending SEVERAL. Money on a Joint Account. Parties. THIS INDENTUKE, made, &C., Between A. B. of, &c. {mort- gagor), of the one part, and C. D. of, &c., E. F. of, &c., and G. H. Agreement of, &c. (mortgagees), of the other part : Whereas the said C. D., g^™" E. F., and G. H. have agreed to lend to the said A. B. the sum of £ , upon having the repayment thereof, with interest, secured in the manner hereinafter expressed : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said considera- agreement, and in consideration of the sum of £ now paid *'°°- to the said A. B. by the said C. D., E. F., and G. H. out of moneys belonging to them on a joint account in equity as well as*at law, the receipt whereof the said A. B. doth hereby acknowledge, and from the same doth hereby release the said C. D., E. F., Mortgagor and G. H., The said A. B. doth hereby grant unto the said PMoeia 0. D., E. F., and G. H., their heirs and assigns. All, &c. {parcels. Digitized by Microsoft® MORTGAGES. 525 general words, and all the estate, d-c.) : To have and to hold ™™ho"'« the hereditaments and premises hereby granted, or expressed ''^^'^'- so to be, unto and to the use of the said C. D., E. F., and G. H., |° "°* their heirs and assigns, subject to the proviso for redemption next hereinafter contained (that is to say) : Provided always, Pro\nso for ■ci •i»-r>i'T- !•• redemption. that if the said A. B., his heirs, executors, administrators, or assigns, shall, on the day of next, pay to the said 0. D., E. F., and G. H., or the survivors or survivor of them, or the executors or administrators of such survivor, their or his assigns, the sura of £ with interest for the same after the rate of £ per cent, per annum, computed from the date of these presents, then and in such case the hereditaments and premises hereby granted, or expressed so to be, shall at any time thereafter, at the request and cost of the said A. B., his heirs and assigns, be reconveyed to him or them, or as he or thev shall direct : And the said A. B. doth hereby for him- covenant , 1 . . . , , l>y mort- self, his heirs, executors, and administrators, covenant with the gagor t" ' pay pnn- said C. D., E. F., and G. H., their executors, administrators, and cipatand ' ' ^ ' ^ _ ' \ ^ interest. assigns, that he the said A. B., his heirs, executors, adminis- trators, or assigns, will, on the day of next, pay to the said C. D., E. F., and G. H., or the survivors or survivor of them, or the executors or administrators of such survivor, their or his assigns, the sum of £ , with interest for the same after the rate aforesaid, and if the said sum of £ shall not be paid on the said day of next, then will pay to them or him interest thereon after the rate aforesaid, by equal half-yearly pay- ments on the day of and the day of in every year, until the said principal sum shall be fully paid : [And it is J5f„'=/»™„*^™ HEREBY declared by the said C. D., E. F., and G. H., that the jl^^^""' said sum of £,—. — hereby secured, and the interest thereof, ™t"ied. belong to them jointly, both at law and in equity ; and that if any of them shall die during the continuance of this security, the receipt of the survivors or survivor of them for the said principal sum and the interest thereof shall be an effectual dis- charge for the same (a) ] : And the said A. B. doth hereby g;™^*' for himself, his heirs, executors, and administrators, covenant e^°'' '""■ with the said C. D., E. F., and G. H., their heirs and assigns, (a) This declaration may be safely omitted, as the statement in the former part of the document that the money is advanced by the mortgagees out of moneys belonging to them on a joint account in equity as well as at law would be clearly sufficient to authorise the survivors or survivor of them to give a discharge for the principal moneys and interest. Digitized by Microsoft® .'126 MORTGAGES. FREEHOLDS ^hat hs ths Said A. B. now hath good right to grant the here- ^^''™'"- ditaments and premises hereby granted, or expressed so to be, unto and to the use of the said C. D., E. F., and G. H., their heirs and assigns, in manner aforesaid : [And that if default shall be made in payment of the said sum of £- , or the interest thereof, or any part thereof, on the said day of next, the said C. D., E. F., and G. H., their heirs or assigns, Power of sale. Trusts of purchase- money. may at any time thereafter enter into and upon the said here- ditaments and premises, and shall thenceforth quietly possess and enjoy the same, and receive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand from or by any person or persons whomsoever : And that] (6) free from incumbrances : And further, that he the said A. B. and all other persons having or lawfully or equitably claiming any estate or interest in the said hereditaments and premises, or any part thereof, will from time to time and at all times hereafter, at his or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things for further and more perfectly assuring the said hereditaments and premises unto and to the use of the said C. D., E. F., and G. H., their heirs and assigns, in manner aforesaid, as shall or may be reasonably required (c) : And it is hereby agreed and de- clared that it shall be lawful for the said C. D., E. F., and G. H., or the survivors or survivor of them, or the executors or administrators of such survivor, their or his assigns, at any time or times, without any further consent on the part of the said A. B.jhis heirs or assigns, to sell the hereditaments and premises hereby granted, or expressed so to be, or any part or pai-ts thereof, either together or in lots, and either by public auction or private contract, and either with or without special conditions or stipulations relative to title or otherwise, with power to buy in at sales by auction, and to rescind contracts for sale, and to resell without being answerable for any loss or diminution in price, and with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts and things for completing the sale which the persons or person selling as afore- said shall think proper : And it is hereby agreed and de- (h) The words in brackets may be omitted where brevity is desired, (c) For a covenant to insure against fire, see next Precedent. Digitized by Microsoft® MORTGAGES. 527 GLARED that the persons or person selling as aforesaid shall, ™i:e^holds with and out of the moneys to arise from such sale, in the first J^^^'-- place, pay and retain the costs and expenses attending such sale, or otherwise incurred in relation to this security, and, in the next place, pay and satisfy the moneys which shall then be owing upon the security of these presents, and shall pay the surplus (if any) to the said A. B., his heirs or assigns : Provided Power to be ALWAYS, and it is hereby agreed and declared that the power of °?'J'> ''.f^ sale hereinbefore contained shall not be exercised unless default in payment after notice, shall be made in payment of the said principal sum of £ bein '?n'™'' or the interest thereof, or some part thereof respectively, on the "'^^■ said day of , and also for the space of six calendar months next after a notice in writing requiring such payment shall, by or on the part of the persons or person intending to sell as aforesaid, have been given to or left at the usual or last known place of abode in England or Wales of the said A. B., or one of his executors or administrators, or left xipon or affixed to some part of the land hereby granted, or some building thereon, or unless default shall be made in some half-yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment : Provided also, and it is hereby declared, that no purchaser Purchaser •' ^ ^ not bound upon any sale under the power hereinbefore contained shall be *" 'j"!"'";! "^ bound or concerned to see or inquire whether any such default *<■• has been made, or whether any such notice has been given or left or affixed as aforesaid, or otherwise as to the necessity or propriety of such sale, or be afifected by notice that no such default has been made, or notice given or left or affixed as aforesaid, or that the sale is otherwise unnecessary or improper: And it is hereby declared that the power of sale herein- Power may be exercised before contained may be exercised by any persons or person ty any per- for the time being entitled to receive and give a discharge for *?si™dis- the moneys for the time being owing on the security of these mortgage presents, and that if the legal estate in the said hereditaments and premises shall devolve upon or otherwise become vested in any persons or person other than the persons or person hereby authorised to exercise the said power of sale, the persons or person in whom the legal estate shall for the time being be vested, shall execute such assurances for the purpose of com- pleting any sale made under the same power as the persons or person by whom such sale shall be made shall direct. In witness, &c. Digitized by Microsoft® 528 MORTGAGES. No. VI. OP DWELL- ING-HOUSE, WITH PRO- VISIONS FOB INSURANCE, TO SEVERAL. MORTGAGE in Fee of a Dwelling -House and Buildings with Provisions /or Insurance ajraimsi Fire to persons Lending money on a Joint Account. Parties. THIS INDENTURE, made the day of Between Covenant to insure lire, to pay premiums. tliat mort- gagee may insure in case of mortgagor's defaiUt, to repay moneys advanced for that purpose, and tliat moneys sliall in the meantime be charged on mort- gaged here- ditaments. Declaration as to A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c., E. F. of, &c., and G. H. of, &c. (mortgagees), of the other part (the same as in Precedent No. V. to the end of the covenants for payment of principal money and interest) : And also that he the said A. B., his heirs, executors, administrators, or assigns, will at all times during the continuance of this security keep the messuage and buildings hereby granted, or expressed so to be, insured from loss or damage by fire, in the names or name of the mortgagees or mortgagee for the time being under these presents, in the sum of £ at the least, in the Insurance Office, or in some other office for insurance to be approved of by them or him. And will duly pay all premiums and sums of money payable for that purpose, a.nd deliver to the said mortgagees or mortgagee, the receipt for every such pay- ment within seven days after it shall become due, And that in case the said A. B., his heirs, executors, administrators, or assigns, shall neglect to keep the said messuage and buildings insured to the amount aforesaid, or to deliver such receipt as aforesaid, then and in every such case it shall be lawful for the said mortgagees or mortgagee for the time being, to insure the said messuage and buildings, or any of them, to the amount aforesaid, or to any less amount, and all sums of money ex- pended by them or him in or about such insurance as afore- said, with interest for the same respectively, at the rate of £5 per cent, per annum, computed from the time or respective times of advancing the same, shall be repaid to them or him on demand by the said A, B., his heirs, executors, or administrators, and in the meantime shall be a charge on the hereditaments and premises hereby granted, or expressed so to be, in addition to the said principal sum of £ , and the interest thereof: And it is declared, that all sums of money received under Digitized by Microsoft® MORTGAGES. 529 or by virtue of any such insurance as aforesaid, shall, at the "^ dwell- J *f ' ' ING HOUSE, option of the said mortgagees or mortgagee, be either applied vreioss^'FOR in or towards substantially rebuilding and reinstating the said tTsev^I premises, or in or towards the payment of the principal money j^^T^^ and interest for the time being remaining due on the security fo/suej^*"^ of these presents (a) {Covenants for title, power of sale, and pro- '°«'™'"'«- visions in reference thereto, as in Precedent "No. Y., to the end). In witness, &c. RK- DUCnON OF INTEREST ON PUNCTUAL PAYMENT. No. VII. MORTGAGE in Fee to persons Lending money on a Joint ^ bbveeal ^ "^ FOR TIME Account with Provisions /or Reducing the Rate of ™J^*™^ Interest in case of Punctual Payment and for Continuing the Loan /or a Time Certain. THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. {mortgagor), of the one part, and C. D. of, &c., E. F. of, &c., and G. H. of, &c. {mortgagees), of the other part {the same as in Precedent No. V. or No. VI. throughout, adding at the end of the covenant for 'payment of interest the following) : Provided always, and it is hereby agreed and declared. Provision that if, and whenever a half year's interest for the said prin- tion of , f ni interest in cipal sum of £ , after the rate oi £4 per centum per case of 1 1 1 /» 1 1 1 • 1 p punctual annum shall be paid upon the half-yearly day herembefore payment. appointed for payment of interest, or within one calendar month thereafter, the said C. D., E. F., and G. H., or the survivors or survivor of them, or the executors or administrators of such survivor, their or his assigns, shall accept the same in lieu of, and in satisfaction for, the interest after the rate of £5 per cent, per annum, payable for that half-year, under the covenant in that behalf hereinbefore contained, but without prejudice to their or his right to require payment of interest after the higher rate for any half-year in which interest shall not be paid within the time aforesaid {Covenants for title, and power of sale and provisions in reference thereto, as in Precedent No. V.) : Pro- Provisions vided also, and it is hereby further agreed and declared, tinuing loan that if the said A. B., his heirs, executors, administrators, or certain. (a) For another form of covenant for insurance against fiie, see suprd, p. 522. VOL. I, MM Digitized by Microsoft® 530 MORTGAGES. TO SEVERAL FOB TIME CERTAIN, ■WITH RE- DUCTION OF INTEREST ON PUNCTUAL PAYMENT. assigns, shall for the term of years, computed from the Purchaser not to be affected by above proviso. Proviso that mort- gagor shall not pay off money before end of tenn. date of these presents, duly pay the interest for the said prin- cipal sum of & , after the rate aforesaid, upon the several half-yearly days hereinbefore appointed for payment of interest, or within one calendar month after the same days respectively, [and shall also duly observe and perform the covenants herein- before contained for keeping the said premises insured against loss or damage by fire] then and in such case the mortgagees or mortgagee for the time being under these presents, shall not call in or take any steps to enforce payment of the said prin- cipal sum, or any part thereof, before the expiration of the said term of years : But so that upon any sale made under the aforesaid power in that behalf, before the expiration of the said term of years, the purchaser shall not be bound or con- cerned to see or inquire whether such sale is consistent with this proviso, or be affected by notice that the same is made in breach thereof: Provided also, and it is hereby further agreed and declared, that the said A. B., his executors, administrators, or assigns, shall not be at liberty to pay off the said principal sum of £ , or any part thereof, before the expiration of the term of years, computed from the date of these presents, unless the said mortgagees or mortgagee shall be willing to receive the same earlier, nor to pay the same on or after the expiration of the tei'm without giving the usual six calendar months' notice of intention so to do. In witness, &c. No. VIII. OF FREEHOLDS TO SEVERAL (ft paragraph fonri). Parties. MORTGAGE of Freeholds to several, with Covenant to INSURE against Fire and Provisions for con- tinuing Loan for a term certain (a paragraph form). THIS INDENTURE, made the day of „ Between A. B. of, &c. {mortgagor), of the one part, and 0. D. of, &c., E. F. of, &c., and G. H. of, &c. {mortgagees), of the other part : Witnessing WITNESSETH and declares as follows :— ^"^i 1. In consideration of the sum of £, , on or before the freehoMsto exccution of these presents paid to the said A. B. by the said rabjecuT 0. D., E. F., and G. H., out of moneys belonging to them Digitized by Microsoft® MORTGAGES. 531 on a joint account both at law and in equity (the receipt °^ whereof the said A. B. doth hereby acknowledge), the said 7° ^"^'^ A. B. (hereinafter called "the mortgagor") doth hereby grant •^!!*___ unto the said 0. D., E. F., and G. H. (hereinafter called " the P^fi'tioa mortgagees "), their heirs and assigns, All, &c. (pwrcels, general loords, and all the estate, &c.) : To have and to hold the here- ditaments and premises hereby granted, or expressed so to be, unto and to the use of the mortgagees, their heirs and assigns : Peovided always that the mortgagor, his heirs or assigns, shall be entitled to a reconveyance of the said hereditaments and premises, at his or their own expense, if the sum of £ , with interest thereon, shall be duly paid at the times and in the manner mentioned in the next Article. 2. The mortgagor hereby covenants with the mortgagees, covenint their executors, administrators, and assigns, that the mort- 2^"°^ pay gagor will, on the day of , 188—, or earlier, if the ffeldif* same can and shall be earlier demanded under the proviso in **™' that behalf hereinafter contained, pay the sum of £ to the mortgagees or the survivors or survivor of them, or the exe- cutors, or administrators of such survivor, their or his assigns (hereinafter refeiTed to as " the mortgagees or mortgagee for the time being : ") And also will in the meantime pay to the f" th°Sn- mortgagees or mortgagee for the time being interest on the y^riy"'^' said principal sum, after the rate of £5 per cent, per annum computed from the date of these presents, by equal half- yearly payments on the day of , and the day of , in every year : Provided always, that if the ^J" be*' mortgagor, his heii-s, executors, or administrators, shall make ^ete" end default in any half-yearly payment of interest, or any part?J^™tf^ thereof, for the space of one calendar month after the same tKVany shall become due, or shall commit any breach of any of the afmort- mortgagor's covenants hereinafter contained, then and in either fOTenants. of such cases the mortgagees or mortgagee for the time being may demand payment of the said principal sum at any time after such default or breach, and the same shall be deemed to have become payable on such default or breach accordingly : Provided also that the mortgagees or mortgagee for the time Mortgagees . . , . . , not to 'be being shall not be bound to receive the said principal sum, or i^oind to any part thereof, before the said day of , 188 — , nor g^""*^'^^ shall they or he be bound to receive the same on that day or °JJ®^j^ afterwards without the usual six months' notice from the mort- ^f^^^^^^ gagor, his heirs, executors, administrators, or assigns, of his or ""J?*^^^' M M 2 Digitized by Microsoft® 532 MORTGAGES. Of FREEHOLDS TO SEVERAL (a 'paragra'pli form). Proviso for reducing rate of interest on punctual payment, 3. Covenants by mort- gagor for insurance against ilre, that mort- gagee may insure in ease of mortgagor's default, and tliat monies advanced for tliat purpose shall be charged on mortgaged heredita- ments. Declara- tion as to monies to be received for such insiu'ance. 4. Power of sale, their intention to pay tlie same: Provided also that whenever a half-year's interest on the said principal sum, after the rate of £4t per cent, per annum, shall be paid on the half-yearly day hereby appointed for payment of interest, or within one calendar month thereafter, the mortgagees or mortgagee for the time being shall accept the same in lieu of, and in satisfaction for, the interest, after the rate of £5 per cent, per annum, pay- able for that half-year under the foregoing covenant in that behalf. 3. The mortgagor doth hereby further covenant with the mortgagees, their executors, administrators, and assigns, that he the mortgagor, his heirs, executors, administrators, or assigns, will at all times during the continuance of this security, keep the messuage and buildings comprised herein insured against loss or damage by fire in the names or name of the mortgagees or mortgagee for the time being, in the sum of £ at the least, in the Insurance Office, or in some other office for in- surance to be approved of by them or him. And will duly pay all premiums and sums of money payable for that purpose, and will deliver to the mortgagees or mortgagee for the time being the receipt for every such payment within days after the same shall have become due. And that in case the mortgagor, his heirs, executors, administrators, or assigns, shall neglect to keep the said messuage and buildings insured to the amount aforesaid, or to deliver such receipt as aforesaid, then it shall be lawful for the mortgagees or mortgagee for the time being to insure the said messuage and buildings to the amount aforesaid, or to any less amount, and all sums of money expended by them or him in or about such insurance with interest for the same at the rate of £5 per cent, per annum computed from the time of advancing the same, shall be repaid by the mortgagor, his heirs, executors, or administrators, on demand, and in the meantime shall be charged on the hereditaments and premises hereby granted, or expressed so to be, in addition to the said principal sum of £ , and the interest thereof: And it is DECLARED, that all sums of money received under or by virtue of any such insurance as aforesaid, shall, at the option of the mortgagees or mortgagee for the time being, either be applied in or towards substantially rebuilding and reinstating the said premises, or in or towards repayment of the money for the time being owing on this security. 4. It shall be lawful for the mortgagees or mortgagee for the Digitized by Microsoft® MORTGAGES. 533 time being at any time or times without any further consent „°^ „ ^^ •' ■/ FREEHOLDS on the part of the mortgagor his heirs or assigns to sell the J°j,arl^lph hereditaments and premises hereby granted, or expressed so to ■ ^''™>- be, or any part or parts thereof, either together or in lots, and either by public auction or private contract, and either with or without special conditions or stipulations relative to title or otherwise, with power to buy in at sales by auction, to rescind contracts for sale, and to resell without being answerable for any loss or diminution in price, and with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts and things for completing the sale which the persons or person selling as aforesaid shall think proper : And the persons or person selling as aforesaid shall, with and Trusts of out of the moneys to arise from such sale, in the first place, money. pay and retain the costs and expenses attending such sale, or otherwise incurred in relation to this security, and in the next place, pay and satisfy the moneys which shall then be owing upon the security of these presents, and shall pay the sui-plus (if any) to the said A. B., his heirs or assigns. 5. The foregoing power of sale shall not be exercised unless 5. default shall be made in payment of the principal money and exercised interest hereby secured, or some part thereof, for the space of six of default calendar months next after payment thereof shall have been de- after notice, .. .. ,.„. ., or of interest manded by a notice m writing as hereinafter is mentioned, or being in , arrear. unless default shall be made in some half-yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment, in which case a sale may be made without any demand : Provided Purchaser ALWAYS that no purchaser upon any sale under the foregoing to inquire power shall be bound or concerned to see or inquire whether fault, &c. any such default has been made as aforesaid, or otherwise as to the necessity or propriety of such sale, or be affected by notice that no such default has been made, or that the sale is other- wise unnecessary or improper. 6. The foregoing power of sale may be exercised by any e. persons or person for the time being entitled to receive and telxerdsed give a discharge for the moneys for the time being owing on sonentiSi the security of- these presents, and if the legal estate in the charge for • 111- 1 • 1 n 1 1 1 mortgage- said hereditaments and premises shall devolve upon or other- money. wise become vested in any persons or person other than the persons or person hereby authorised to exercise the said power of sale, the persons or person in whom the legal estate shall Digitized by Microsoft® 534 MORTGAGES. FEEEHOLDS form). 7. How demand may be made. for the time being be vested shall execute such assurances for (o p^^ft the purpose of completing any sale made under the same power as the persons or person by whom such sale shall be made shall direct. 7. A demand for payment of the money hereby secured may be made by a notice in writing given to or left at the usual or last known place of abode in England or Wales of the mortgagor, or any one of his executors or administrators, or left upon or aflfixed to any part of the land hereby granted or any building thereon, and such notice shall be sufficient if addressed generally, " To all persons whom this notice may concern." 8. The mortgagor doth hereby covenant with the mortgagees, their heirs and assigns, that he the mortgagor now hath good right to grant the said hereditaments and premises in manner aforesaid, free from incumbrances, and that he and all other persons (if any) interested therein will from time to time, at his or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things for further assuring. the said hereditaments and premises unto and to the use of the mortgagees, their heirs and assigns, as by them shall or may be reasonably required. In witness, &c. s. Covenants for title. No. IX. MORTGAGE of Copyholds. THIS INDENTURE, made the day of ■ -, Between A. B. of, &c. {mortgagor), of the one part, and 0. D. of, &c. (mortgagee), of the other part (Recite agreement for loan, witneBsing suprd, p. 516) : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ now paid to the said A. B. by the said C. D. (the receipt whereof the said A. B. doth hereby acknow- ledge and from the same doth hereby release the said 0. D.), The said A. B. doth hereby for himself, his heirs, executors, administrators, and assigns, covenant with the said C. D., his heirs, executors, administrators, and assigns, that he the said A. B., or his heirs, shall and will forthwith at his or their own to surrender cost. Surrender, or cause to be surrendered, into the hands of PMoeia ' the lord of the manor of , according to the custom of the part. Considera- tion. Covenant ty mort- gagor Digitized by Microsoft® MORTGAGES. 535 said manor, All, &c. (copyhold parcels and general words) : cof^qi-ds. To the use of the said C. D,, his heirs and assigns, according to *° """rt- the custom of the said manor, by and under the rents, heriots, suits, and services therefor due and of right accustomed, subject nevertheless to a proviso for making void the said surrender in Proviso case the said A. B., his heirs, executors, administrators, or vo'id"flie°^ assigns, shall on the day of next, pay to the said C. D., o"plyi^ent ■1 • . 1 • • . ' r J ' on a day nis executors, admimstrators, or assigns, the sum of £ , with named. interest for the same after the rate of £ per cent, per annum computed from the date of these presents : (Covenants for payment of th^ mortgage money and interest, supra, p. 516) : And the said A. B. doth hereby for himself, his heirs, covenants executors, and administrators, covenant with the said C. D., his ll^°^t heirs and assigns, that he the said A. B. now hath good right to *' °' ' sun-ender the hereditaments and premises hereby covenanted to be surrendered to the use of the said C. D., his heirs and assigns, in manner aforesaid : And that, if default shall be made in payment of the said sum of £ , or the interest thereof, or any part thereof, on the said day of next, the said C. D., his heirs and assigns, may at any time there- after enter into and upon the said hereditaments and premises, and may thenceforth quietly possess and enjoy the same, and receive the rents and profits thereof, without any lawful eviction, inteiTuption, claim, or demand from or by any person or per- sons whomsoever : And that free from incumbrances : And FURTHEE, that he the said A. B., and all other persons having, or lawfully or equitably claiming any estate or interest in the said hereditaments and premises, or any part thereof, will, from time to time, at his or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and exe- cuted, all such acts, deeds, and things for further and more per- fectly assuring the said hereditaments and premises to the use of the said C. D., his heirs and assigns, in manner aforesaid, as_shall or may be reasonably required : And it is hereby agreed and power ot DECLARED, that it shall be lawful for the said C. D., his executors, " administrators, or assigns, at any time or times, without any further consent on the part of the said A. B., his heirs or assigns, to sell the hereditaments and premises hereby coven- anted to be surrendered, or expressed so to be, or any part or parts thereof, either together or in lots, and either by public auction or private contract, and either with or without special Digitized by Microsoft® 536 MORTGAGES. COPYHOLDS, conditions or stipulations relative to title or otherwise, with power to buy in at sales by auction, to rescind contracts for sale, and to resell, without being answerable for any loss or diminu- tion in price, and with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts and things for completing the sale which the said C. D., his exe- Deoiaration cutors, administrators, or assigns, shall think proper : And it is purchase- HEREBY AGREED AND DECLARED, that the Said C. D., his exeCU- mouey. tors, administrators, or assigns, shall, with and out of the moneys to arise from any such sale as aforesaid,_in the first place pay and retain the costs and expenses attending such sale, or other- wise incurred in rela,tion to this security, and in the next place pay and satisfy the moneys which shall then be owing upon this security, and shall pay the surplus (if any) to the said A. B., Power to be his heirs or assigns : Provided always, and it is hereby exercised ° . ' -^ of defaults ^S^^^^ ^^^ declared, that the power of sale hereinbefore con- FS™^^« „ tained shall not be .exercised unless default shall be made in alter notice, payment of the said principal sum of £ or the interest thereof, or some part thereof respectively, on the said day of , and also for the space of six calendar months next after a notice in writing requiring such payment shall by or on behalf of the said C. D., his executors, administrators, or assigns, have been given to or left at the usual or last known place of abode in England or Wales of the said A. B. or one of his executors, or administrators, or left upon or affixed to some part of the land hereby covenanted to be surrendered, or some interest building thcreoD, or unless default shall be made in some half- ara^.™ yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for not brand ^^^^ payment : Provided also, and it is hereby declared, that as toT-"^" ^° purchaser at any sale under the power hereinbefore contained fault, &o. shall be bound or concerned to see, or inquire whether any such default has been made, or whether any such notice has been given, or left, or affixed as aforesaid, or otherwise as to the necessity or propriety of such sale, or be affected by notice that no such default has been made, or notice given or left or afi&xed as aforesaid, or that the sale is otherwise unnecessary or im- Powermay proper: And IT IS HEREBY DECLARED, that the power of sale be exercised ... . , '^ sOTirafaffi "^^einbefore contamed may be exercised by any person or per- dSarge ^°°® ^°^ *^® *™^ being entitled to receive and give a discharge for the moneys for the time being owing on the security of these presents, and that if the legal estate in the hereditaments and for mort- gage-money, Digitized by Microsoft® MORTGAGES. 537 premises hereby covenanted to be surrendered, shall devolve corvuoLDs. upon or otherwise become vested in any person or persons other than the person or persons hereby authorised to exercise the said power of sale, the person or persons in whom the legal estate shall for the time being be vested, shall execute such assurances for the purpose of completing any sale made under the same power as the person or persons by whom such sale shall be made shall direct. In witness, &c. TIONAL SURRENDER No. X. CONDITIONAL Surrender of Copyholds. comi The Manor of ) BE IT REMEMBERED, that on in the County of J the day of , A. B. of, &c. (mortgagor), came before L. M. of, &c. {steward of the said manor), and in consideration of the sum of £ to him the said A. B. paid by C. D. of, &c. {mortgagee), did out of Court Sun-endfr surrender into the hands of the lord of the said manor, by the hands and acceptance of his said steward, according to the custom of the said manor. All, &c. (Jiere describe the copyhold parcels), (To which premises the said A. B. was admitted tenant at a general Court held for the said manor on the day of ) : To THE USE of the said C. D., his heirs and assigns for to mort- ever, at the will of the lord, according to the custom of the said fee; manor, at and under the rent, heriots, suits, and services there- for due and of right accustomed : Subject nevertheless to subject to ,,.„, • 1 L -r% T • 1 • condition THIS condition, that it the said A. B., his heirs, executors, for maicing 1 • • 'in 1 IP surrender admimstrators, or assigns, shall on the day of next void on . ' ^ f .' 1 . . . payment of pay to the said C. D., his executors, administrators, or assigns, mortgage the sum of £ , with interest for the same after the rate of interest. £j per centum per annum, to be computed from the date of this surrender, then and in such case this surrender shall be void and of no effect, otherwise the same shall remain in full force and virtue. This surrender was taken and accepted the day and year above written by me. Signed L. M. {Steward), Steward of the said Manor. Digitized by Microsoft® 538 MORTGAGES. No. XL LEASEHotDs. MORTGAGE of a Leasehold Messuage hy Demise. Parlies. THIS INDENTURE, made the day of , Between A. B. of, &c. {mortgagor), of the one part, and C. D. of, &c. SSure (mortgagee), of the other part : Whereas by an indenture of of lease. lease dated the day of , and made between G. H. of the one part, and the said A. B. of the other part : All that messuage or tenement, &c. {parcels as contained in the lease), were demised unto the said A. B., his executors, administrators, and assigns, from the day of then last past for the term of years, at the yearly rent of £ , and under and subject to the covenants and conditions in the said inden- ture of lease contained, and on the part of the lessee, his exe- cutors, administrators, and assigns, to be observed and per- formed, including a covenant to insure the said premises against loss or damage by fire, in the joint names of the lessor and ' lessee, in the sum of £ at least {Agreement for loan, suprd, wHnessmg p. .516) : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ now paid to the said A. B. by the said C. D. (the receipt whereof the said A. B. doth hereby acknowledge, and pmS "' ■^'^°"'^ *^^ same doth hereby release the said C. D.) : The said A. B. doth hereby demise unto the said C. D., his executors, administrators, and assigns. The messuage and premises com- prised- in and demised by the hereinbefore recited indenture of lease, or expressed so to be, with their and every of their rights, to mort- members and appurtenances : To HAVE AND to hold the mes- gagee. . ^ suage and premises hereby demised, or expressed so to he, unto the said C. D., his executors, administrators, and assigns, for all the residue now to come of the said term of years (except the last day of the said term), subject to the proviso for re- redmptira. demption hereinafter contained : Pkoyided always, that if the said A. B., his executors, administrators, or assigns, shall on the day of next pay to the said G. D., his executors, ad- ministrators, or assigns, the sum of £ , with interest for the same after the rate of £ per cent, per annum, com- puted from the date of these presents, then and in such case the said 0. D., his executors, administrators, or assigns, shall upon the request and cost of the said A. B., his executors, ad- Digitized by Microsoft® MORTGAGES. 539 ministrators, or assigns, surrender to him or them the said mes- "*^™°''''^- suage and premises hereby demised, oi: expressed so to be : {Covenants for payment of the mortgage money and interest, supra, p. 516) : And the said A. B. doth hereby for him- covenant self, his heirs, executors, and administrators, covenant with the gagor said C. D., his executors, administrators, and assigns, that he the said A. B. now hath good right to demise the said messuage denSf" *° and premises unto the said C. D., his executors, administrators, and assigns, in manner aforesaid: [And THAT if default shall for auiet ^ , enjojTnent be made in payment of the said sum of £ , or the interest ^^^^ thereof, or any part thereof, on the said day of next, the said C. D., his executors, administrators, and assigns, may at any time thereafter enter into and upon the said messuage and premises, and may thenceforth during the term hereby granted quietly possess and enjoy the same, and receive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand from or by any person or persons whomsoever : And f^o &<"" •^ •' A J^ inciim- that] (a) FEEE from incumbrances : And that he the said A. B., brances ; and all other persons having any interest in the said messuage ^s^ge"" and premises, will, from time to time, at his or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and exe- ciite, or cause to be done and executed, all such acts, deeds, and things for further and more perfectly assuring the said messuage and premises unto the said C. D., his executors, ad- ministrators, and assigns, in manner aforesaid, as by him or them shall or may be reasonably required : And ALSO that he J° jJI^YLe the said A. B., his executors, administrators, or assigns, will at all times during the continuance of this security, keep the said messuage and premises insured against loss or damage by fire, in the sum of £ at least, in conformity with the covenant in that behalf contained in the said indenture of lease, and will duly pay the premiums and sums of money payable for that purpose, and immediately upon every such payment deliver to the said 0. D., his executors, administrators, or assigns, the receipt for the same : And that if the said A. B., his executors. Power to ^ moi-tgagee administrators, or assigns, shall neglect to keep the said mes- to insure^ suage and premises so insured or to deliver any such receipt as ^l^l^J^ aforesaid, then and in every such case it shall be lawful for the said C. D., his executors, administrators, or assigns, to insure (a) The words within brackets may be safely omitted for the sake of brevity. Digitized by Microsoft® 540 MORTGAGES. LEASEHOLDS, the Said messuage and premises to the amount aforesaid, and Mmies ex- all sums of mouey expended by him or them in or about such mortgagee insurance with interest thereon after the rate of £5 per cent. m insunng ^ ^ p°aid°b°" 1?^^ annum, computed from the time or respective times of mdiKe advancing the same, shall be repaid to them or him on demand meantime \yy ^he Said A. B., his heirs, executors, or administrators, and in mo?^4ed *^® meantime shall be a charge on the said messuage and premises, premises in addition to the said principal sum of £ , and covenaiit the interest thereof: And ALSO that he the said A. B., his by mort- ' p^°rent executors, administrators, or assigns, will during the continuance covenant?'^ of this sccurity pay the rent reserved by the said indenture of in lease. lease, and observe and perform the covenants therein on the lessee's part contained, and keep indemnified the said C. D., his executors, administrators, and assigns, from and against the said rent and covenants, and all claims and demands in respect Power of thereof: And it is hereby agreed and declared, that it sale. shall be lawful for the said C. D., his executors, administrators, or assigns, at any time or times, without any further consent on the part of the said A. B., his executors, administrators, or assigns, to sell the messuage and premises hereby demised, or expressed so to be, or any part tliereof, either by public auction or private contract, and either with or without special con- ditions or stipulations relative to title or otherwise, with power to buy in at sales by auction, to rescind contracts for sale, and to resell without being answerable for any loss or diminu- tion in price, and with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts and things for completing the sale which the said C. D., his exe- Trusts of cutors, administrators, or assigns shall think proper : And it money. IS HEREBY AGREED AND DECLARED, that the Said C. D,, his exe- cutors, administrators, or assigns shall, with and out of the moneys to arise from any such sale as aforesaid, in the first place pay and retain the costs and expenses attending such sale or otherwise incurred in relation to this security, and in the next place pay and satisfy the moneys which shall then be owing upon, this security, and shall pay the surplus (if any) to the said to™ exmJ -^- ^-j ^is executors, administrators, or assigns : Provided of^dtfi'Jdir* '*^i''^AYS, and it is hereby agreed and declared, that the power of *"• sale hereinbefore contained shall not be exercised unless default shall be made in payment of the said principal sum of £ and interest, or some part thereof respectively, on the said day of next, and also for the space of six calendar montLa Digitized by Microsoft® MORTGAGES, 541 LEASEHOLDS next after a notice in writing requiring payment thereof shall by or on behalf of the said C. D., his executors, administrators, or assigns, have been given to or left at the usual or last known place of abode in England or Wales of the said A. B., or one of his executors or administrators, or left upon or affixed to some part of the premises hereby demised, or unless default shall be made in some half-yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment : Provided always, Purchaser , . . , , 1 , 1 , 1 1 'not bound and it IS hereby declared, that no purchaser at any sale made to inquire as under the power hereinbefore contained shall be bound or con- &«. cerned to see or inquire whether any such default has been made, or whether any such notice has been given or left or affixed as aforesaid, or otherwise as to the necessity or propriety of such sale, or be affected by notice that no such default has been made, or notice given or left or affixed as aforesaid, or that the sale is otherwise unnecessary or improper : And it is Power may ■^ *■ * be exercised HEREBY AGREED AND DECLARED, that the Said power of sale ^y ""1 Pf-, ' ^ ^ ^ son entitled may be exercised by any person or persons entitled for the time ^ bJ™ * being to receive and give a discharge for the moneys for the'"''™^^ time being owing on the security of these presents : And it is After a sale xi. J. rx 1 J '<«» day of HEREBY ALSO AGREED AND DECLARED, that alter any sale made the term to . , . -r, 1 . ...be held in under the aforesaid power, the said A. B., his executors, ad minis- trust for 111 1 ii>i • 11 purchaser. trators, and assigns, shall stand possessed oi the premises sold for and during the last day of the term granted by the herein- before recited indenture of lease, In trust for the purchaser, his executors, administrators, and assigns, and to be assigned and disposed of as he or they may direct. In witness, &c. No. XII. MOETGAGE of Property comprised in several Leases ot bv Assignment. Powers of Sale, Letting and comprised Granting Underleases. ^^eases^^ THIS INDENTURE, made Between A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. (mortgagee), of the other part: (Recite several leases to A. B. — agreement for loan, swprd, parties. p. 516) : NOW THIS INDENTURE WITNESSETH, that in ^^^«'™e pursuance of the said agreement, and in consideration of the Digitized by Microsoft® 542 MORTGAGES. or PROPERTY COMPRISED IN SEVERAL LEASES. Mortgagor assigns parcels to mort- gagee for residue of term. Proviso for redemption. Covenants by mort- gagor for right to assign ; for quiet en- joyment by mortgagee after de- fault; sum of £ now paid to the said A. B. by the said C. J)., the receipt whereof the said A. B. doth hereby acknowledge, and from the same doth hereby release the said 0. T)., the said A. B. doth hereby assign unto the said C. D., his executors, adminis- trators, and assigns, All AND SINGULAR the lands, heredita- ments, and premises comprised in and demised by the several hereinbefore recited indentures of lease, or expressed so to be, And all buildings which have been erected on the lands com- prised in the same indentures respectively, or on any part of such lands. Together with their and every of their rights, members, and appurtenances, And all the estate, right, title, interest, claim, and demand whatsoever of the said A. B. in, to, and upon the said premises, and every part thereof : To have AND TO HOLD the hereditaments and premises hereby assigned, or expressed so to be, unto the said C. D., his executors, admi- nistrators, and assigns, for all the residue now to come of the said several terms of years granted by the said recited inden- tures of lease respectively, subject to the proviso for redemption hereinafter contained : Provided always, that if the said A. B., his executors, administrators, or assigns, shall, on the day of next, pay to the said C. D., his executors, administrators, or assigns, the sum of £ , with interest for the same after the rate of £ per cent, per annum, computed from the date of these presents, then and in such case the said C. D., his executors, administrators, or assigns, shall, upon the request and at the cost of the said A. B., his executors, adminis- trators, or assigns, reassign the hereditaments and premises hereby assigned, or expressed so to be, unto the said A B., his executors, administrators, or assigns, or as he or they shall direct (Covenants for payment of the mortgage-money and interest, supra, p. 516) : And the said A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D., his executors, administrators, and assigns, in manner following (that is to say), that he the said A. B. now hath good right to assign the said hereditaments and premises unto the said C. D., his executors, administrators, and assigns, for the residue of the said several terms of years, and in manner ■ aforesaid : [And that if default shall be made in payment of the said sum of £ , or the interest thereof, or any part thereof, on the said day of next, the said C. D., his executors, administrators, and assigns, may at any time there- after enter into and upon the said hereditaments and premises. Digitized by Microsoft® MORTGAGES. 543 or PROPEBTr COMPRISED IN SEVERAL LEASES. and may thenceforth during the residue of the said several terms quietly possess and enjoy the same, and receive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand from or by any person or persons whomsoever : And that! (a) fkee from incumbrances : And furthek, that he free from -* ^ ' ^ ^ ' ^ incum- the said A. B., and all other persons (if any) having any inte- brances ; rest in the said hereditaments and premises, or any part thereof, '°'' '"rther will from time to time, at his or their own cost during the con- tinuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the said hereditaments and premises unto the said C. D., his executors, administrators, and assigns, for the unexpired residue of the said several terms and in manner aforesaid as shall or may be reasonably required : And also that the said A. B., his executors, administrators, or To insure assigns, will at all times during the continuance of this security *^''"" keep the messuages and buildings comprised in this security insured against loss or damage by fire, in conformity with the covenants for insurance contained in the several indentures of lease under which the same are respectively holden as aforesaid, and so that the total amount of such insurance shall not be less than £ , and will duly pay the premiums and other sums of money payable for that purpose, and immediately after every such payment deliver to the said 0. D., his executors, adminis- trators, or assigns, the receipt for the same : And that if the power to . 1 ■ • , J ■ 1 n _L mortgagee said A. B., his executors, admimstrators, or assigns, snail at any to insure in time neglect to keep the said premises insured as aforesaid, default by or to deliver any such receipt as aforesaid, then and in every such case it shall be lawful for the said 0. D., his executors, administrators, or assigns, to insure and keep insured the said premises to the amount aforesaid, and all sums of money expended by him or them in or about such insurance, with interest thereon after the rate of £5 per cent, per annum, com- puted from the time or respective times of advancing the same, shall be repaid to him or them by the said A. B., his heirs, executors, or administrators, on demand, and in the meantime shall be a charge on the hereditaments and premises hereby assigned, or expressed so to be, in addition to the said principal sum of £ , and the interest thereof : And also that he the to pay (a) The words within brackets may he safely omitted for the sake of brevity. Digitized by Microsoft® OF PBOPERTY COMPRISED IN SEVERAL 544 MORTGAGES. said A. B., his executors, administrators, or assigns, will at all times during the continuance of this security pay the several . '-'°*^'^^- rents reserved by the said several indentures of lease, and obser™'' obscrvB and perform the covenants therein, on the lessee's part iiilmes!^ respectively contained, and keep indemnified the said C. D., his executors, administrators, and assigns, from and against the said rents and covenants, and all claims and demands in respect SSSe tliereof : And it is hereby agreed and declared, that it ^dmkke*' ^hall be lawful for the said C. D., his executors, adminis- underiMses. ^rators, or assigns, at any time or times, without any further consent on the part of the said A. B., his executors, administra- tors, or assigns, to sell the hereditaments and premises hereby assigned, or expressed so to be, or any of them, either together or in lots, and either by public auction or private contract : AND ALSO, at any time or times, and either preparatory to any such sale or otherwise, to let the said premises, or any part or parts thereof, either from year to year or otherwise, or to grant any underlease or underleases thereof for any derivative term or terms of years, and either in possession or reversion, and either with or without taking a premium for the making thereof, and at such yearly or other rents, and under and subject to such covenants and conditions, and generally upon such terms as he or they shall think proper, and with full power, upon any such sale, letting, or underlease, to make any conditions or stipulations relative to title or otherwise which the said C. D., his executors, adminis- trators, or assigns, may think proper, and also with power to buy in the said premises, or any part thereof, at any sale by auction, or to rescind or vary any contract for the sale, letting, or under- lease thereof, and to re-sell, re-let, and re-demise the same from time to time without being answerable for any loss or diminu- tion in price or rent occasioned thereby, or consequent thereon, and with power also to give time for the payment of, the pur- chase-money or premiums, or any part or parts thereof respec- tively, and upon such security, personal or otherwise, or without security, as he or they may think fit, and with power also to execute assurances, give efifectual receipts for any purchase- money or premiums, and do all other acts and things for com- pleting any such sale, letting, or underlease,, which the said C. D., his executors, administrators, or assigns, shall think Declaration proper : And it is hereby agreed and declared, that the moSto' said C. D., his executors, administrators, or assigns, shall, with S, leMes, and out of the moneys to arise from any such sale, letting, or or under- leases. Digitized by Microsoft® MORTGAGES. 545 PROPERTY COMPRISED IN SEVERAL LEASES. underlease as aforesaid, in the first place pay and retain the costs and expenses attending such sale, letting, or underlease, or otherwise incurred in relation to this security, and in the next place pay and satisfy the moneys which shall then be owing upon the security of these presents, and shall pay the sm-plus (if any) to the said A. B., his executors, administrators, or assigns : Peovided always, and it is hereby agreed, that the ^^"^ ^ powers of sale, letting, and granting underleases hereinbefore f^c^"^ o'f contained shall not be exercised unless default shall be made in 'i*'*'^'- payment of the said sum of £ , or the interest thereof, or some part thereof respectively, on the said day of next, and also for the space of six calendar months after a notice in writing requiring payment thereof shall by or on behalf of the said C. D., his executors, administrators, or assigns, have been given to or left at the usual or last known place or respective places of abode in England or Wales of the said A. B., or one of his executors or administrators, or left upon or affixed to some part of the premises hereby as- signed, or expressed so to be, or unless default shaU be made in some half-yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment : Peovided always, and it is ^"^ ^o^ hereby declared, that no purchaser, tenant, or lessee, upon any \°^^^^ sale, letting, or underlease made under the powers hereinbefore *° '^^^^*- contained shall be bound or concerned to see or inquire whether any such default has been made, or whether any such notice has been given or left or affixed as aforesaid, or otherwise as to the necessity or propriety of such sale, letting, or underlease, or be affected by notice that no such default has been made or notice given or left or affixed as aforesaid, or that the sale, letting, or underlease is otherwise unnecessary or improper : And it is hereby agreed and declared, that the said power may 1)6 6Z6r- powers of sale, letting, and underleasing may be exercised by cised ty any person or persons entitled for the time being to receive entitled to and give a discharge for the moneys for the time being owing charge. on the security of these presents. In witness, &c. VOL. I. Digitized by Microsoft® 546 MORTGAGES, LBASEHOLDS FOR LIVES, No. XIII. MORTGAGE of a Leasehold Estate for Lives to two MoKTGAGEES, who make the advance on a Joint Account, with provisions for renewal {a). Parties. THIS INDENTURE, made the day of Between Witnessing part. Considera- tion. Mortgagor grants parcels. To mort- gagees for lives of ces- tVAB que vi^ (subject to annuity). Subject to right of re- demption. Proviso for redemption. A. B. of, &c. {mortgagor), of the one part, and C. D. and E. F. of, &c. (mortgagees), of the other part : Whereas, &c. {Recite the lease for lives and agreement for loan) : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the sum of £ now paid to the said A. B. by the said C. D. and E. F. out of moneys belonging to them on a joint account in^ equity as well as at law {the receipt, d-c), he the said A. B. doth hereby grant and demise unto the said C. D. and E. F., their executors, ad- ministrators, and assigns. All those the said several pieces or parcels of ground, messuages, or -tenements, buildings, here- ditaments; and premises comprised in the hereinbefore recited indenture of lease, which premises, together with the names of the tenants or lessees thereof, and the rents and terms of years under which the same are respectively holden, are set forth in the schedule hereunder written {General words, and all the estate, dc.) : To have and to hold the hereditaments and premises hereby granted, or expressed so to be, unto the said C. p. and E. F., their executors, administrators, and assigns for the term of ninety-nine years, computed from the date of these presents, if the said and and , or the survivors and survivor of them shall, so Jong live, subject nevertheless to the annuity or yearly sum of £ by the last will of de- ceased, given to his daughter during her life : And also subject as to such of the hereditaments as are therein respec- tively comprised as aforesaid to the several underleases mentioned or referred to in the schedule hereunder written, and also subject to the proviso for redemption hereinafter contained : Provided (a) When renewable leaseholds are made the subject of mortgage, the mortgage should contain a covenant by the mortgagor to renew, as he could not otherwise be compelled to do so. But the mortgagee may himself renew even in the absence of an express power to do so, and may hold the renewed lease as a security for the moneys he has expended in effecting the renewal, with interest on such moneys (3 Atk. 4). Digitized by Microsoft® MORTGAGES, 547 ALWAYS, that if the said A. B., his heirs, executors, administra- ieaseholes tors, or assigns, shall on the day of next pay unto the — li:!!^ said 0. D. and E. F., or the survivor of them, or the executors or administrators of such survivor, their or his assigns, the sum of £ , with interest for the same after the rate of £ per cent, per annum, computed from the date of these pre- sents, then and in such case the demise hereby made shall be void (Covenant by mortgagor for payment of principal and interest, see suprd, p. 516): And the said A. B. doth covenant by hereby for himself, his heirs, executors, and administrators, """^''e"''' covenant with the said C. D. and E. F., their executors, admi- nistrators and assigns, That he the said A. B. now hath good for right to right to grant and demise the said hereditaments and premises °°"™''' unto the said C. D. and E. F., their executors, administrators, and assigns, in manner aforesaid : [And that if default shall be ,0^ „ijt made in payment of the said sum of £ , or the interest b^^JJt"* thereof, or any part thereof, on the said day of next, §Sif' °' the said C. D. and E. F., their executors, administrators, or assigns, may at any time thereafter enter into and upon the said hereditaments and premises, and shall thenceforth during the said term hereby granted quietly possess and enjoy the same, and receive the rents and profits thereof without any lawful eviction, interruption, claim or demand, from or by any person or persons whomsoever (save and except from the said in respect of her said annuity, and the several underleases whose leases are mentioned or referred to in the schedule hereunder written) : And that] (b) free from incumbrances (except the said annuity freefrom and underleases) : And further, that he the said A. B. and i"™™;, all persons having or lawfully or equitably claiming any estate anii for or interest in the said hereditaments and premises, or any part assurance, thereof, shall and will from time to time, at his or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the said hereditaments and premises unto the said C. D. and E. F., their executors, administrators, and assigns, in manner aforesaid, as by them shall or may be reasonably required : And also, that to pay he the said A. B., his heirs, executors, or administrators, will '^''"'^'' henceforth from time to time during the continuance of this (ft) The words in brackets may be safely omitted for the sake of brevity. N N 2 Digitized by Microsoft® 548 , MORTGAGES. and to oon- ciiT in all acta for lenewaL FOR^™™^ security, pay, observe, and perform the several rents and cove- nants reserved and contained by and in the said indenture of lease of the day of , and which may be reserved and contained by and in any new lease or leases of the said mortgaged premises which may hereafter be obtained, and which on the part of the lessees therein named and to be named, or their executors, administrators, and assigns, are or ought to be paid and performed : And further, that he the said A. B., his heirs or assigns, will from time to time, during the continuance of this security, on the death of any person or persons for whose life or lives the said leasehold premises shall for the time being be held, join and concur with the said C. D. and E. F., their executors, administrator^, or assigns, in obtaining a renewal of the subsisting lease for the time being of the said leasehold premises for a new life or new lives, as the case may be, to be added to the lives or life which shall be then in being, and will, whenever any such renewed lease shall be obtained, forthwith cause the said premises to be vested in the said C. D. and E. F., their executors, administrators, and assigns, for a term of ninety- nine years, determinable on the life or lives of the person or persons named therein, but subject to the subsisting right or equity of redemption of the said A. B., his heirs or assigns, under or by virtue of these presents : And also will pay the fines, fees, and other expenses of procuring or otherwise attend- ing every such renewal of the said lease, and every such convey- ance or assurance (if any) as aforesaid : And that if for the space of three calendar months next after the dropping of any life upon which the said now subsisting lease or any renewed lease of the said leasehold premises is or shall be held, the said A. B., his heirs, executors, administrators, or assigns, shall not make or concur in such renewal as aforesaid, it shall be lawful for the said C. D. and E. F., their executors, administrators, or assigns, if they shall think proper, by surrender of the then subsisting lease of the said premises or otherwise, to obtain such renewal of such lease for the time being as aforesaid, subject to such right or equity of redemption as aforesaid, and in such case the said A. B., his heirs, executors, or administrators, will immediately thereupon pay and reimburse unto the said C. D. and E. F., their executors, administrators, or assigns, such sum or sums of money as they shall have paid for the fines, fees, or other expenses in or about the procuring or otherwise attending every such renewal, together with interest for the same, at the That If mortgagor make de- fault mort- gagee may renew. Digitized by Microsoft® MORTGAGES. 549 rate of £5 per cent, per annum, to be computed from the time j^™"^" or respective times of the payment thereof : And such sum or Expenses of sums of money shall in the meantime be charged on the said ™e°borae*by hereditaments and premises in addition to the said principal ^^'^l^''' sum of £ and the interest thereof {Power of sale, and pro- ^e^^r^ ™ visions in reference thereto, mutatis mutandis). In witness, &c. The Schedule referred to in the above written Indenture. No. XIV. MOETGAGE of Freeholds and Copyholds to persons ^foopv- Lending on a Joint Account. asv^Lr THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c., E. F. of, &c., and G. H. of, &c. (mortgagees), of the other part : Whereas (recite agreement for mortgage, supra, p. 516) : Agreement NOW THIS INDENTURE WITNESSETH, that in pur- ZT^it- suance of the said agreement, and in consideration of the pl^J"^ sum of £ now paid to the said A. B. by the said G. D., E. F., and G. H., out of moneys belonging to them on a joint account in equity as well as at law (the receipt, dc), he the said A. B. doth hereby grant (Grant of freeholds to C. D., Grant oi , ^ __ . - . /. 7 , . . ft^eholds E F., and G. H., m fee ; proviso for redemption, supra, mbject to p. 516): AND THIS INDENTURE ALSO WITNESSETH, ;'';„* that in further pursuance of the said agreement, and for the Jl^rt"'*"" consideration hereinbefore expressed, the said A. B. doth hereby for himself, his heirs, executors, administrators, and assigns, covenant with the said 0. D., E. F., and G. H., their heirs and assigns THAT HE the said A. B., or his heirs, shall and will Covenant to o ' . surrender forthwith at his or their own cost, surrender or cause to be oopyiioids, surrendered into the hands of the lord of the manor, &c., ac- cording to the custom thereof, All, &c. (parcels and general words) : To the use of the said 0. D., E. F., and G. H., their heirs and assigns, at the will of the lord of the said manor, according to the custom of the said manor, by and under the rents, heriots, suits, and services therefor due and of right Digitized by Microsoft® 550 MORTGAGES. AN™oop?- accustomed: SUBJECT NEVERTHELESS TO A CONDITION for mraEAl? making void the same corresponding to the proviso for redemp- sui)jeot to a *'°^ hereinbefore contained as to the freehold hereditaments comspoSd- hereinbefore granted (Covencmt to pay principal and interest, rtfo^fofre- suprd, p. 516) : And the said A. B. doth hereby for him- deniption. ggjf^ j^jg heirs, executors, and administrators, covenant with the tymortgagor said C. D., E. F., and G. H., their heirs and assigns, That he the said A. B. now hath good right to grant and surrender the hereditaments hereby granted and covenanted to be surren- dered respectively, or expressed so to be, unto and to the use of the said C. D., E. F., and G. H., their heirs and assigns, in manner aforesaid : And that if default, &c. (Covenants for quiet enjoyment, free from incumbrances, and, for fv/rther assur- Powetof ance, suprd, pp. 525, 526) : And it is hebeby agreed and DECLARED, that it shall be lawful for the said C. D., E. F., and G. H., or the survivors or survivor of them, or the executors or administrators of such survivor, their or his assigns, at any time or times, without any further consent on the part of the said A. B., his heirs or assigns, to sell the hereditaments and premises hereby respectively granted and covenanted to be sur- rendered, or expressed so to be, or any part or parts thereof, either together or in lots, and either by public auction or private contract, and either with or without special conditions or stipulations relative to title or otherwise, with power to buy in at sales by auction, to rescind contracts for sale, and to resell without being answerable for any loss or diminution in price, and with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts and things for completing the sale which the persons or person selling as Trastepf^ aforesaid shall think proper: And it is DECLARED, that the money. persons or person selling as aforesaid shall, with and out of the moneys to arise from such sale, in the first place pay and retain the costs and expenses attending such sale, or otherwise incurred in relation to this security, and in the next place pay and satisfy the moneys which shall then be owing upon this security, and shall pay the surplus (if any) to the said A. B., his heirs or Power to be assigns: Provided always, and it is hereby agreed and de- only in case clarcd, that the power of sale hereinbefore contained shall not payment be oxercised unless default shall be made in pavment of the after notice, • j • * i i* n -i r J ter^Vbein ^ pnucipal sum of £ , or the interest thereof, or some inarrcar. part thereof respectively, on the said day of next and also for the space of six calendar months next after a notice Digitized by Microsoft® MORTGAGES. 551 FREEHOLDS AND COPT- in writing requiring such payment shall by or on the part of the persons or person intending to sell as aforesaid have been g°vEKAl,° given to or left at the usual or last known place of abode in England or Wales of the said A. B., or one of his executors or administrators, or left upon or affixed to some part of the land comprised in these presents, or some building thereon, or unless default shall be made in some half-yearly payment of interest for the space of three calendar months after the time hereby appointed for such payment {Purchaser not bound to inquire as to default, dc, — power may he exercised by any person entitled to give a discha/rge for mortgage money, supra, p. 527). In witness, &c. No. XV. MORTGAGE of Freeholds by Grant and of Leaseholds fmeholds , -r^ AND LEASE- oy Demise. holm. THIS INDENTURE, made the day of , Between parties. A. B., of, &c. (mortgagor), of the one part, and 0. D. of, &c. {mortgagee), of the other part {Recite lease to A. B., suprd, Recit« p. 538 ; — agreement for loan, suprd, p. 616) : NOW THIS toioSi™' INDENTURE WITNESSETH, that in pursuance of the First wit- said agreement, and in consideration, &c. (the receipt, dc), part!°^ the said A. B. doth hereby grant, &c. (Grant of freeholds to Grant of C D, in fee, p. 516), subject to the proviso for redemption ^^^°'"'''''' hereinafter contained: AND THIS INDENTURE ALSO second. WITNESSETH, that in further pursuance of the said agree- pirr^^'"^ ment, and for the consideration hereinbefore expressed, the said A. B. doth hereby demise (Demise of leaseholds to C. D. Demise of for residue of term, wanting the last day, suprd, p. .538) : Sub- ject to the proviso for redemption hereinafter contained : Provided always, that if the said A. B., his heirs, execu- Proviso for tors, administrators, or assigns shall on the day of '° emption. next pay to the said C. D., his executors, administrators, or assigns, the sum of £ , with interest for the same after the rate of £ per centum per annum, computed from the date of these presents, then and in such case the freehold and leasehold hereditaments and premises hereby granted and Digitized by Microsoft® 552 MORTGAGES. FREEHOLDS AND LEASE- HOLDS, Covenants by mort- gagor for title. Power of demised respectively shall at any time thereafter, at the re- - quest and cost of the said A. B., his heirs, executors, adminis- trators, or assigns, be reconveyed and surrendered to him or them, or as he or they shall direct {Covenant to pay principal and interest, supra, p. 516) : And the said A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D., his heirs, executors, administrators, and assigns respectively, That he the said A. B. now hath good right to grant and demise the freehold and leasehold heredita- ments and premises hereby granted and demised respectively, or expressed so to be, in manner aforesaid : [And that if default shall be made in payment of the said sum of £ , or the interest thereof, or any part thereof, on the said day of next, the said C. D., his heirs, executors, administrators, and assigns respectively, may at any time thereafter enter into and upon the said freehold and leasehold hereditaments and premises, and may thenceforth, as to the said freehold premises for ever, and as to the said leasehold premises during the then residue of the term hereby granted, quietly possess and enjoy the same, and receive the rents and profits thereof, without any lawful eviction, interruption, claim, or demand, from or by any person or persons whomsoever : And that] (a) free from incumbrances : And FURTHER, that he the said A. B., and all other persons having or lawfully or equitably claiming any interest in the said freehold and leasehold premises respectively, will at all times hereafter, at his or their own cost, during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things for further and more perfectly assuring the said freehold and leasehold hereditaments and premises re- spectively unto the said C. D., his heirs, executors, administra- tors, and assigns respectively in manner aforesaid as by him or them shall or may be reasonably required : And also (Covenant to pay rent and observe covenants in lease, suprd, p. 540) : And IT IS HEREBY AGREED AND DECLARED, that it shall be lawful for the said C. D., his executors, administrators, or assigns, at any time or times, without any further consent on the part of the said A. B., his heirs or assigns, to sell the freehold and leasehold hereditaments and premises hereby granted and demised respec- tively, or expressed so to be, or any part or parts thereof, either (a) The words in brackets may be safely omitted for the sake of brevity. Digitized by Microsoft® MOETGAUES. 553 FREEHOLDS AKD LEASE- HOLDS. together oi" in lots, and either by public auction or private con- tract, and either with or without special conditions or stipula- tions relative to title or otherwise, with power to buy in at sales by auction, to rescind contracts for sale, and to resell without being answerable for any loss or diminution in price, and with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts and things for completing the sale which the said C. D., his executors, administrators, or assigns shall think proper : And it is hereby declared, that the Declaration said C. D., his executors, administrators, or assigns, shall, with purchase-" and out of the moneys to arise from any such sale as aforesaid, in '"'"'*''• the first place pay and retain the costs and expenses attending such sale, or otherwise incurred in relation to this security, and in the next place, pay and satisfy the moneys which shall then be owing upon the security of these presents, and shall pay the surplus (if any) so far as the same shall have arisen from the sale of freehold hereditaments, unto the said A. B., his heirs or assigns, and so far as the same shall have arisen from the sale of leasehold hereditaments unto the said A. B., his executors, administrators, or assigns : Provided always, and it is hereby Power to bo aereed and declared, that the power of sale hereinbefore con- only m case ° , , ,, , -11 1 <• li 1 11 1 1 • ofdefaultin tamed shall not be exercised unless deiault shall be made in payment . 1 . . 1 p „ 1 . after notice, navment of the said principal sum of £ , or the interest or of in- r J i i •! 1-1 1 terest bemg thereof, or some part thereof respectively, on the said day in airear. of , and also for the space of six calendar months next after a notice in writing requiring such payment shall, by or on behalf of the said 0. D., his executors, administrators, or assigns, have been given to or left at the usual or last known place of abode in England or Wales of the said A. B., or one of his executors or administrators, or left upon or affixed to some part of the land comprised in this security, or some building thereon, or unless default shall be made in some half-yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment : Provided also, and it is hereby declared, that no purchaser at purchaser any sale under the power hereinbefore contained, shall be bound to inqXe or concerned to see or inquire whether any such default has Suit, &c. been made, or whether any such notice has been given or left or affixed as aforesaid, or otherwise as to the necessity or propriety of such sale, or be affected by notice that no such default has been made, or notice given or left or affixed as aforesaid, or that the sale is otherwise unnecessary or improper: .And it is Digitized by Microsoft® 554 MORTGA(ilES. FREEHOLDS AND LEASE- HOLDS. After a sale of lease- holds, last day of term to lie held in trust for purchaser. HEREBY DECLARED, that the power of sale hereinbefore contained may be exercised by any person or persons for the time being entitled to receive and give a discharge for the moneys for the time being owing on the security of these presents, and that if the legal estate in the said freehold hereditaments and premises hereby granted, or expressed so to be, shall devolve upon or otherwise become vested in any person or persons other than the person or persons hereby authorised to exercise the said power of sale, the person or persons in whom the legal estate shall for the time being be vested shall execute such assurances for the purpose of completing any sale made under the same power as the person or persons by whom such sale shall be made shall direct : And it is hereby also declared, that after any sale of the said leasehold hereditaments and premises, or any part thereof, under the aforesaid power, the said A. B., bis executors, administrators, and assigns, shall stand possessed of the premises sold for and during the last day of the term granted by the hereinbefore-recited indenture of lease in trust for the pur- chaser, his executors, administrators, and assigns, and to be assigned and disposed of as he or they may direct. In witness, &c. No. XVI. FREEHOLDe, COPYHOLDS, AND LEASE- HOLDS. MORTGAGE of Freeholds and Copyholds, and of Leaseholds /or a long Term. Parties. THIS INDENTURE, made the day of , Between First wit- nessing part. Grant of freeholds. Second witnessing part. Covenant to surrender copyholds. A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. (mortgagee), of the other part (Recite agreement for loan, supra, p. 516) : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration, &c. (the receipt, dc), the said A. B. doth hereby grant, &c. (Grant of freeholds to C. D., in fee, supra, p. 516), subject to tbe proviso for redemption hereinafter contained : AND THIS INDENTURE ALSO WITNESSETH, that in further pursu- ance of the said agreement, and for the consideration aforesaid, the said A. B. (Covenant to surrender copyholds to the use of C. D. in fee, suprd,, p. 634), subject to a condition for making void the same, corresponding to the proviso for redemption Digitized by Microsoft® MORTGAGES. 555 hereinafter contained as to the freehold and leasehold heredita- ™eehoi.rs, COPYHOLDS, ments hereby granted and assigned respectively : AND THIS *™ ''^'''"''" INDENTURE ALSO WITNESSETH, that in further pursu- r— — — _ . Third wit- ance of the said agreement, and for the consideration herein- "S"^ before expressed, the said A. B. doth hereby assign unto the said C. D., his executors, administrators, and assigns, All, &c. Assignmeut (parcels), (which hereditaments and premises last hereinbefore holds. ' described were, by an indenture, dated, &c., and made, &c., demised unto X. Y., his executors, administrators, and assigns, for the term of 1000 years, and have by virtue of divers assign- ments and acts in the law become vested in the said A. B. for the residue of the said term) (general words, and all the estate, dec.) : To HAVE AND TO HOLD the hereditaments and premises to mort- hereinbefore assigned, or expressed so to be, unto the said 0. D., his executors, administrators, or assigns, for all the residue now unexpired of the said term of 1000 years, subject nevertheless to the proviso for redemption hereinafter contained : Provided Proviso for ■'• _ , ^ ^ redemption. ALWAYS, and it is hereby agreed and declared, that if the said A. B., his heirs, executors, administrators, or assigns, shall, on the day of next, pay to the said C. D., his executors, administrators, or assigns, the sum of S, , with interest for the same after the rate of £ per cent, per annum, computed from the date of these presents, then and in such case the said freehold and leasehold premises hereby granted and assigned respectively shall, at the request and cost of the said A. B., his heirs, executors, administrators, or assigns, be reconveyed and reassigned to him or them as he or they shall direct (Covenant by mortgagor to pay principal and interest, suprd, p. 516) : And the said A. B. doth hereby for himself, his heirs, exe- covenanta cutors, and administrators, covenant with the said C. D., his g»Kor for heirs, executors, administrators, and assigns, that he the said A. B. now hath good right to grant, surrender, and assign the said freehold, copyhold, and leasehold hereditaments and premises respectively, unto and to the use of the said C. D., his heirs, executors, administrators, and assigns respec- tively, in manner aforesaid : [And that if default shall be made in payment of the said principal sum of £ , or the interest thereof, or any part thereof, on the said day of next, the said 0. D., his heirs, executors, administrators, and assigns respectively, may at any time thereafter enter into and upon the said freehold, copyhold, and leasehold hereditaments and pre- mises, and may thenceforth as to the said freehold and copyhold Digitized by Microsoft® 556 ' MORTGAGES. AND LEASE- HOLDS. copyIoldI' hereditaments and premises for ever, and as to the said lease- hold hereditaments and premises during the residue of the said term of 1000 years quietly possess and enjoy the same, without any lawful eviction, interruption, claim, or demand from or by any person or persons whomsoever : And that] (a), free from incumbrances : And THAT he the said A. B., and all other persons having or lawfully or equitably claiming any estate or interest in the said freehold, copyhold, and leasehold hereditaments and premises respectively, will from time to time, at his or their own cost, during the continuance of this security, and afterwards at the cost of the person. or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the said freehold, copyhold, and leasehold hereditaments and premises respectively unto and to the use of the said C. D., his heirs, executors, administrators, and assigns respectively, in manner aforesaid, as by him or them shall or may be reasonably re- Powerof quired: And it is hereby agreed and declared, that it shall be lawful for the said C. D., his executors, administrators, or assigns, at any time or times, without any further consent on the part of the said A. B., his heirs, executors, administrators, or assigns, to sell the said freehold, copyhold, and leasehold here- ditaments and premises hereby respectively granted, covenanted to be surrendered, and assigned, or expressed so to be, or any part or parts thereof, either together or in lots, and either by public auction or private contract, and either with or without special conditions or stipulations relative to title or otherwise, with power to buy in at sales by auction, to rescind contracts for sale, and to resell without being answerable for any loss or diminution in price, and with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts and things for completing the sale which the said C. D., his executors, administrators, or assigns, shall think proper : And Declaration IT IS HEREBY AGREED AND DECLARED, that the Said C. D., his pmohase-"' executors, administrators, or assigns, shall with and out of the moneys to arise from any such sale as aforesaid, in the first place pay and retain the costs and expenses attending such sale, or otherwise incurred in relation to this security, and, in the next place, pay and satisfy the moneys which shall then be owing upon the security of these presents, and shall pay the (a) The words in brackets may be safely omitted for the sake of brevity. Digitized by Microsoft® money. MORTGAGES. 557 FREEHOLDS, COPYHOLDS, AND LEASE- HOLDS. surplus (if any), so far as the same shall have arisen from the sale of freehold or copyhold hereditaments, unto the said A. B., his heirs or assigns, and so far as the same shall have arisen from the sale of leasehold hereditaments and premises, to the said A. B., his executors, administrators, or assigns : Pkovided Power to be ALWAYS, AND IT IS HEREBY AGREED AND DECLARED, that the only in case ' _ _ ' of default in power of sale hereinbefore contained shall not be exercised JfterTioticc unless default shall be made in payment of the said principal sum "f°'t bimg of £ , or the interest thereof, or some part thereof respec- '" ''™'"- tively, on the said day of , and also for the space of six calendar months next after a notice in writing requiring such payment shall, by or on behalf of the said C. D., his executors, administrators, or assigns, have been given to or left at the usual or last known place of abode in England or Wales of the said A. B., or one of his executors or administrators, or left upon or affixed to some part of the land comprised in this security, or some building thereon, or unless default shall be made in some half-yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment : Provided also, and it is hereby declared, that ^"t''b''ou"i no purchaser at any sale under the power hereinbefore contained, J° jJJ'Ji"'.''" shall be bound or concerned to see or inquire whether any such '""^*' *'^' default has been made, or whether any such notice has been given or left or affixed as aforesaid, or otherwise as to the neces- sity or propriety of such sale, or be affected by notice that no such default has been made, or notice given or left or affixed as aforesaid, or that the sale is otherwise unnecessary or improper : And rr is hereby declared, that the power of sale hereinbefore Jowcr may contained may be exercised by any person or persons for the '"^/"^tfy^j time being entitled to receive and give a discharge for the ^°g|jj™ge moneys for the time being owing on the security of these pre- g^°""^ sents, and that if the legal estate in the said freehold and copy- ^"""y- hold hereditaments and premises or any part thereof shall devolve upon or otherwise become vested in any person or per- sons other than the person or persons hereby authorised to exercise the said power of sale, the person or persons in whom such legal estate shall for the time being be vested shall execute such assurances for the purpose of completing any sale made under the said power as the person or persons by whom such sale shall be made shall direct. In witness, &c. Digitized by Microsoft® 558 MORTGAGES. TO SECURE A SUM PAYABLE BY INSTAL- MENTS. Parties. Witnessing part. Mori^agor appoints and grants to mort- gagee. Proviso for payment of mortgage- money by instalments. No. XVII. MOKTGAGE 0/ Freeholds hy Appointment and Grant in fee with Power of Sale, and Provision for Pay- ment 0/ Mortgage Money hy Instalments. THIS INDENTURE, made the day of , Between A. B. of, &c. {mortgagor), of the one part, and C D. of, &c. (mortgagee), of the other part {Recite conveyance to uses to bar dower in favour of A. B., — agreement for loan, suprd, p. 516) : NOW THIS INDENTURE WITNESSETH, that in pur- suance of the said agreement, and in consideration, &c. {the receipt, dc), the said A. B. in exercise of the power for this purpose given to him by the hereinbefore recited indenture as aforesaid, and of all other powers (if any) him hereunto enabling. Doth hereby appoint and by way of further assur- ance, doth hereby also grant unto the said C. D., his heirs and assigns. All, &c. (parcels, general words, and all the estate, dc, — Habendum to mortgagee, — proviso for redemption, — covenant for payment of principal and interest at the end of six months after date of mortgage, — covenants for title, — power of sale, declaration of trusts of purchase-money, — power may be exercised by any person entitled to give a discharge for mortgage money, supra, pp. 516, 517, 618, omitting the clauses that power may be exercised only in case of default, dc, and that purchaser shall not be bound to inquire as to default, dc) : Provided always, and it is hereby agreed and declared, that if the said A. B., his heirs, executors, adminis- trators, or assigns, shall pay to the said C. D., his executors, administrators, or assigns, the said principal sum of £ , by the instalments following (that is to say), the sum of £ on the 31st day of December next, and the sum of £ on the 31st day of December in every succeeding year, until the whole of the said principal sum shall be paid, or shall pay each of the said instalments within thirty days after the day hereinbefore appointed for the payment thereof, and shall also pay to the said C. D., his executors, administrators, or assigns, interest for the said principal sum of £ , or for so much thereof as shall for the time being remain unpaid, after the rate aforesaid, Digitized by Microsoft® MORTGAGES. 559 TO SECURE A SUM PAYABLE BY INSTAL- MENTS. upon the several half-yearly days hereinbefore appointed for the payment of such interest, or within thirty days after the same half-yearly days respectively, [and if the said A. B., his heirs, executors, administrators, and assigns, shall duly observe and perform the covenant hereinbefore contained for keeping the said premises insured against loss or damage by fire], then and in such case he the said C. D., his executors, administrators, or assigns, shall not nor will call in or take any steps to enforce payment of the said principal sum, or any part thereof, other- wise than by such instalments as aforesaid : Provided always, ^^""ou^J and it is hereby agreed and declared, that upon any sale under ^heSer™ the aforesaid power in that behalf, the purchaser shall not be been"ma'dc. bound or concerned to see or inquire whether any default has *"• been made in payment of the said principal sum or any instal- ment thereof, or any interest thereon, contrary to the proviso last hereinbefore contained, or otherwise as to the necessity or propriety of the sale, or be affected by notice that no such de- fault has been made as aforesaid, or that the sale is otherwise unnecessary or improper. In witness, &c. No. XVIII. MORTGAGE in Fee of Lands in the Possession of the "^^ "o"''; Mortgagor, who Attorns Tenant to the Mort- ^°^^^^°'' gagee (a). WHO ATTORNS TENANT. THIS INDENTURE, made the day of , Between A. B. of, &c. (mortgagor), of the one part, and 0. D. of, &c. (a) When the mortgagor is in possession of the mortgaged property, it is Best mode often desiraHe to confer upon the mortgagee a power of distress, as a further of confer- secuiity for the punctual payment of the interest. The most effectual mode moftS«°e of conferring such power is by the mortgagor attornin" tenant to the mort- a power to gagee at a rent at least equal to the interest, and payable on the same days, ilistraiii. A mere power of distress without attornment is not effectual, as the mort- sacor having no estate at law, cannot create a legal rent-charge with a power of distress, and the power would only operate as a licence. (See Freeman v. Edwards, 2 Ex. R. 732.) Care must be taken that the mort- gagee does not preclude himself from entering without notice and deter- nuning the tenancy. (See Doe d. Jarrod v. Alley, 12 Ad. & El. 481 ; Doe d Snell V. Tom, 4 Q. B. Rep. 615 ; West v. Fritch, 3 Ex. Rep. 216; Pinhom Digitized by Microsoft® 560 MORTGAGES. BY MORT- GAGOR IN POSSESSION WHO ATTORNS TENANT. Mortgagor attorns tenant to the mort- Moi-tgageo may deter- mine tenancy without notice. {mortgagee), of the other part {the same as Precedent No. I., supra, p. 516, adding at the end the following clause), And for THE PURPOSE of better securing the punctual payment of the interest of the said principal sum, he the said A. B. doth hereby attorn tenant to the said C. D. of the hereditaments and pre- mises hereby granted, or expressed so to be, at the yearly rent of £ {a sum equal to a year's interest on the. 'principal sum), to be paid half-yearly on the day of , and the day of ■ , (the days appointed for payment of interest) : Provided always, that the said C. D., his heirs or assigns, may at any time after the said day of next, enter into and upon the said hereditaments and premises, or any part thereof, and determine the tenancy hereby created, without giving to the said A. B. any notice to quit. In witness, &c. No. XIX. MORTGAGE ' IN EXER- CISE OP POWER. MOETGAGE of Land in Exercise of a general Power of Appointment. THIS INDENTURE, made, &c.. Between A. B. of, &c. Recite {mortgagor), of the one part, and C. D. of, &c. {mortgagee), of suchu^s*" *^® other part {Recite conveyance to mortgagor to such uses as 1^"°'*" ^^ might by deed appoint, and subject thereto to uses in strict app'Jlnt. settlement,— agreement for loan) : NOW THIS INDENTUEE Appoint- WITNESSETH, that in pursuance of the said agreement, and ment of . . • „ / , . „ v rn • i ■ i^ . parcels to m consideration, &c. {the receipt, ac), Ihe said A. B. in exer- cise and execution of the power for this purpose given or limited to him by the hereinbefore recited indenture as afore- said, and of all other powers (if any) enabling him in this behalf, doth hereby appoint that All, &c. {parcels), shall go, V. Sonster, 8 Ex. Eep. 763 ; Brown v. Metropolitan Counties Life Assurance Society, 28 Law J. (N. S.) Q. B. 236.) A sham rent In some cases an attornment clause has been framed so as to make the in attorn- mortgagor stand as yearly tenant to the mortgagee at a rent enormously noTsup-"'^' exceeding the annual value, say J10,000 a year ; but such an arrangement ported. being a mere device to give to the mortgagee an additional security, in the event of the bankruptcy of the mortgagor, in respect of a sham rent, has been very properly decided to be void as a fraud on the bankrupt law. (Ex parte Williams, L. R. 7 C. D. 138. See also Ex parte Mackay, L. R. 8 Oh. 643.) stamp. It is considered that the introduction of an attornment clause in a mort- gage would not subject the deed to a lease stamp. Digitized by Microsoft® MORTGAGES. 561 MORTGAGE IN EXER- CISE OF POWER, remain, and be to the use of the said C. D., his heirs and assigns, subject to the proviso hereinafter contained : Provided ALWAYS, and it is hereby agreed and declared, that if the said proviso for A. B., or other the person or persons for the time being entitled rej- . To repav pose, with interest for the same after the rate of £5 per cent, sums ex- , T ft , . , . p pended by per annum, computed irom the time or respective times or pay- mortgagee • 1 • 1 1 11 1 •! 1 • 11 in keeping, mg or advancing the same, shall be repaid to him or them by on foot or . , . „ effecting the said covenanting persons, or some or one of them, or the poijoiea, heirs, executors, or administrators of them, or some or one of them, *«™si. on demand, and shall in the meantime be charged on the policy meantime* for the time being subject to this security, in addition to the to be a ™^ said principal sum of £ hereby originally secured, and the poSl^ ™ interest thereof : And it is hereby declared, that every or p"i[ey*to be any new policy which may be effected as aforesaid, shall be SMrigh^of subject to the same right or equity of redemption as the policy as^oriln™ for which the same shall be substituted {Poiver of sale and ™*' Digitized by Microsoft® 578 MORTGAGES. ™s"eL° E provisions STORES policy moneys and sale moneys suprd, by mort- gagee shall not put an end to the liahility of sureties. in reference thereto, and declaration of trust o_f as in Precedent No. XXIV., policy being referred to as " the Sarance* hereinbefore recited policy/' instead of "the policy hereby assigned, or expressed so to be ") : Pbovtoed ALWAYS, and it is hereby agreed and declared, that any neglect or forbearance of the said G. H., his executors, administrators, or assigns, in endeavouring to obtain payment of the principal moneys and interest intended to be hereby secured, or in putting in force any of his or their remedies for the same, and any time -which may be given by him or them to the said A. B., his heirs, exe- cutors, or administrators, or to either of them the said C D. and E. F., or their respective heirs, executors, or administrators, shall not in any way prejudice or aSect the joint and several covenants hereinbefore contained, or the continuing liability of the covenanting parties or any of them by virtue thereof, any rule of law or equity to the contrary notwithstanding. In witness, &c. LIFE IN- TEKEST IN PERSONALTY AND POLICY. Parties. Eecite set- tlement under which mortgagor is entitled tu a life interest in trust funds. Policy of assurance on life of mortgagor. Witnessing part. No. XXVI. MORTGAGE of a Life Interest in Personalty and a .Policy of Assurance. THIS INDENTURE, made the day of , Between A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. {mortgagee), of the other part : Whereas under or by virtue of an indenture dated, &c., and made, &c. (being the settlement made in contemplation of the maniage then intended, and shortly afterwards solemnized between the said A. B. and E. now his wife (then E. F.), the said A. B. is entitled to receive during his life the dividends, interest, and annual produce to arise from the trust funds settled by the said indenture, which trust funds now consist of the sum of £ £3 per cent. Con- solidated Annuities, standing in the names of M. N. and 0. P. (the trustees of the said indenture) in the books of the Governor and Company of the Bank of England, and the sum of £ invested in the names of the same trustees on mortgage of real estates situate in the county of : And whereas (Recite policy of assurance, supra, p. 671 — agreement for mortgage, supra, p. 516) : NOW THIS INDENTURE WITNESSETH, Digitized by Microsoft® MORTGAGES. 579 TEREST IN PERSONALTY AND POLICY. that in pursuance of the said agreement, and in consideration ^^^j &c., the said A. B. doth hereby assign unto the said C. D., his executors, administrators, and assigns, All AND SINGULAR the Mortgagor dividends, interest, and annual produce to arise and become ?^gf^t'?J" payable during the life of the said A. B., from the said sum of SpSucy' £ £3 per cent. Consolidated Annuities, and the said sum of £ invested on mortgage as aforesaid, or other the trust funds for the time being subject to the said indenture of settle- inent : And also the hereinbefore recited policy of assurance, and the moneys assured by and to become payable under the same (and all the right, dc.) : To hold the premises hereby assigned, or expressed so to be, unto the said C. D., his executors, to mort- administrators, and assigns, subject to the proviso for redemption hereinafter contained : Provided always, that if the said A. B., Proviso for , ., in redemption, shall, on the day of next, pay to the said C. D., his executors, administrators, or assigns, the sum of £ , with interest for the same after the rate of £ per cent, per annum computed from the date of these presents, then and in such case the said premises shall be reassigned unto the said A. B., at his expense, or as he shall direct {Receipt of mortgagee for pslicy vioneys to he good discharge ; covenants to pay prin- cipal and interest, suprd, p. 572, and covenants for keep- ing on foot policy, and otherwise in relation to policy, supra, pp. 572, 573) : And also that he the said A. B. now hath good g°™^** right to assign all the said premises hereby assigned, or ex-^^"'''" pressed so to be, unto the said C. D., his executors, adminis- trators, and assigns, in manner aforesaid, free from incum- brances : And that he the said A. B. and all other persons interested in the said premises, or any part thereof, shall and will, from time to time, at his or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things, for fui-ther and more perfectly assuring the said pre- mises, unto the said C. D., his executors, administrators, and assigns, as shall or may be reasonably required : And it is Power of HEREBY AGREED AND DECLARED, that it shall be lawful for the ° said C. D., his executors, administrators, or assigns, at any time or times, without any further consent on the part of the said A. B., to sell the said dividends, interest, and annual pro- duce, policy and premises hereby assigned, or expressed so to be, and also any new policy which may be effected as herein- p p 2 Digitized by Microsoft® 580 MORTGAGES. LIFE IN- TEREST IN PERSONALTY AND POLICY. before is mentioned, or any of them, or any part or parts thereof respectively, either by public auction or private contract, and either with or without special conditions or stipulations relative to title or otherwise, to any person or persons, company or com- panies (including the company or society with which the policy hei'eby assigned, or expressed so to be, or any such new policy as aforesaid, is or shall be effected), with power for the said C. D., his executors, administrators, or assigns, to buy in at any ,sale by auction, to rescind contracts for sale, and to resell with- out being answerable for any loss or diminution in price, and with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts and things for completing the sale which he or they may think proper (power only to be exercised in case of default, dc, — purchaser not bound to inquire as to default, dc, — power may be exercised by any person entitled to give a discha/rge for mortgage money. Declaration of trust of policy moneys and sale moneys, suprd, pp. 573, 574). In witness, &c. No. XXVII. with interest for the same, and which principal sum still remains due and owing, but all interest for the same has been duly- paid up to the day of last {Agreement for loan, suprd, Agreement p. 516) : NOW THIS INDENTURE WITNESSETH, that in wrtTsmg pursuance of the said agreement, and in consideration, &c. (the '""'''■ receipt, &c), the said A. B. (hereinafter called " the mortgagor") Mortgagor doth hereby demise unto the said C. D. and E. F. (hereinafter i«"d8™ called "the mortgagees parties hereto"), their executors, adminis- trators, and assigns. All and singular the messuages, lands, tenements, and hereditaments, situate in the parish of , in the county of , described ii> the first schedule here- under written : And all other (if any) the messuages, lands, tenements, atid hereditaments devised by the said will of the said {general words, omitting "and all the estate," dec.) : To HAVE AND TO HOLD the hereditaments and premises hereby to mort- demised, or expressed so to be, unto the mortgagees parties ffio/ioo hereto, their executors, administrators, and assigns, from the moriteagor date of these presents, for the term of one hundred years thence uve, °° ""^ next ensuing, if the mortgagor ghall so long live, subject to the subject to said indenture of the day of and the said principal gage and sum of £ due and owing by virtue thereof as aforesaid and roaempUon. "the interest for the same, and subject also to the proviso for redemption hereinafter contained: AND THIS IND EN- second _ witnessiiu? TURE ALSO WITNESSETH, that in further pursuance of part- the said agreement, and for the consideration aforesaid, the mortgagor doth hereby assign unto the mortgagees parties Mortgagor hereto, their executoi's, administrators, and assigns. The several pouciea. policies of assurance on the life of the mortgagor described in the second schedule hereunder written, and the several moneys assured by and to become payable under or by virtue of the said policies respectively : And all the right, title, in- terest, claim, and demand whatsoever of the mortgagor to, in, and upon the same: To HAVE, HOLD, receive, and take the to hold to said policies, moneys, and premises hereby assigned, or expressed absolutely, so to be, unto the mortgagees parties hereto, their executors, administrators, and assigns, subject to the said indenture of the day of and the said principal sum of £ due and owing by virtue thereof and the interest for the same, and sub- ject also to the proviso for redemption hereinafter contained : Provided always, that if the mortgagor, his executors, ad- Proviso for redemption. Digitized by Microsoft® 582 MORTGAGES. Lira ESTATE IN LANDS ANB POLICIES, Receipts of mortgagees for policy money to be good discharges. Covenant by mort- gagor not to vitiate policy. and to re- new assur- ance which maybe void. and to pay premiums. and to deliver receipts ; and in case of mort- gagor's default, mortgagee niav keep up assur- ance, ministrators, or assigns, shall on the day of next, pay to the mortgagees parties hereto, or the survivor of them, or the ■ executors or administrators of such survivor, their or his assigns (hereinafter referred to as " the mortgagees or mortgagee for the time being ") the sum of £ , with interest for the same, at the rate of £ per cent, per annum, computed from the date hereof, then and in such case the said hereditaments, policies, moneys, and premises, hereby demised and assigned respectively, shall be respectively surrendered and reassigned unto the mortgagor at his expense : And It is hereby also AGREED AND DECLARED, that the receipt of the mortgagees or mortgagee for the time being, for the moneys assured by or to become payable under the said policies of assurance respectively, shall be an effectual discharge for the same to the assurance companies paying the same respectively, and they shall not be bound or concerned to see or inquire whether at the time of such payment any money remains owing on the security of these presents (Covenants by mortgagor for payment of principal and interest, suprcb, p. 516) : And also that he the mortgagor will not do any act, or commit any default, whereby the said policies of assurance hereby assigned, or expressed so to be, or any of them, may be rendered void or voidable, or an increased premium thereon become payable: And in case the said policies, or any policy or policies to be effected as hereinafter mentioned, shall by any means become void, the mortgagor will forthwith, at his own cost, effect a new policy or new policies on his life, in lieu of such void policy or policies, in the names or name of the mortgagees or mortgagee for the time being in some office to be approved by them or him, in a sum or sums not I'ess in amount than the sum or sums assured by the policy or policies which shall have become void as aforesaid (including any bonus or bonuses which may have been declared thereon) and shall and will duly and regularly pay the premiums and other sums of money (if any) which shall from time to time become payable for keeping on foot the said policies hereby assigned, or any new policy or policies to be effected as afore- said, and deliver to the mortgagees or mortgagee for the time being the receipt for every such premium within seven days after the same shall become due : -A^fD if default shall be made by the mortgagor in keeping on foot the said policies hereby assigned, or in effecting or keeping on foot any such new policy or policies, then and in such case the mortgagees or mortgagee Digitized by Microsoft® MORTGAGES. 583 for the time being, may keep on foot the said policies, or ^'^^^tate eifect and keep on foot such new policy or policies as afore- pol™es said, as the case may require, if they or he shall think fit ^^ ^^^^^ so to do : And in that case all moneys expended by them ""J^^" or him for that purpose, with interest thereon after theX°aM«i rate of £5 per cent, per annum computed from the time g^^s^^r or respective times of paying or advancing the same, shall '^^"™"<"=- be repaid by the mortgagor on demand and shall in the include . , , 111 T - monies ad- meantirae be charged on the hereditaments and policies of as- vanced by " ■* mortgagee surance for the time being subject to this security, in addition <■<"■ assur- to the said principal sum of £ and the interest thereof : covenants And also that he the mortgagor now hath good right to demise gLor'for and assign the said hereditaments, policies of assurance, and premises, in manner aforesaid, free from incumbrances except as herein appears : And that he the mortgagor and all other persons interested in the said hereditaments, policies, and pre- mises, or any of them, or any part thereof, will, from time to time, at his or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and exe- cuted, all such acts, deeds, and things, for further assuring the said hereditaments, policies, and premises unto the mortgagees, their executors, administrators, and assigns, in manner afore- said, as by them shall or may be reasonably required : And it IS HEREBY AGREED AND DECLARED that every new policy to be effected as aforesaid shall be subject to the same right of redemp- ^^^er of tion as the policy for which the same shall be substituted : And IT IS HEREBY AGREED AND DECLARED, that it shall be lawful for the mortgagees or mortgagee for the time being at any time or times, without any further consent on the part of the mort- gagor, to sell the said hereditaments, policies, and premises hereby demised and assigned respectively, or expressed so to be, and also any new policy or policies to be effected as aforesaid, or any part or parts thereof respectively, either subject to the said prior mortgage dated the day of , or freed and dis- charged therefrom, and either together or in lots, and either by public auction or private contract, and either with or without special conditions or stipulations relative to title or otherwise, to any person or persons, company or companies (including the company or society with which any such policy is or shall be effected), with power for the persons or person selling as afore- said to buy in at sales by auction, to rescind contracts for sale, Digitized by Microsoft® 584 MORTGAGES. LIFE ESTATE IN LANDS AITD POLICIES. and to re-sell, without being answerable for any loss or diminu- tion in price : And with power also to execute assurances, give effectual receipts for the purchase-money, and do all other acts ^oweroniy and things for completing the sale which they or he may think of def °uir° P™P^^ = Provided always, that the power of sale hereinbefore contained shall not be exercised unless default shall be made in payment of the said principal sum of £ , or the interest thereof, or some part thereof respectively, on the said day of next, and also for the space of six calendar months next after a notice in writing requiring such payment, shall by or on the part of the mortgagees or mortgagee for the time being, have been given to the mortgagor, or left at his usual or last known place of abode in England or Wales, or unless default shall be made in some half-yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment, or unless default shall be made in the observance and performance of any of the covenants hereinbefore contained in relation to the said policies of assur- ance hereby assigned, or expressed so to be, or any of them (Pur- chaser not bound to inquire as to default, &c. — -power may be Declaration exercised by any person entitled to give a discharge for mortgage topoiioy maney, supra, p. 518) : And it is also declared that the monies. mortgagees or mortgagee for the time being shall apply all moneys (if any) received by them or him under the said policies of assurance, and also all moneys (if any) received by them or him from any sale under the foregoing power in that behalf, first in payment of the costs and expenses incurred in or about such receipt or sale or otherwise in relation to this security ; secondly, in payment of the money (if any) owing on the said prior mortgage, dated the day of , except in the case of a sale made subject to such prior mortgage ; and thirdly, in payment of the moneys then owing on this security, and shall pay the surplus (if any) to the mortgagor, his executors, adminis- trators, or assigns. In witness, &c. The first Schedule referred to in the above- written Indenture. The second Schedule referred to in the above- written Indenture. Digitized by Microsoft® MORTGAGES. 585 No. XXVIII. TO SECURE EE- MORTGAGE of Freeholds to secure the re-transfer of Stock, and the Payment m the meantime of such of'stS Sums as may he equal to the Dividends thereof. THIS INDENTURE, made the day of , Between ''"'*''^- A. B. of, &c. {mortgagor), of the one part, and C. D. of, &c. {mortgagee), of the other part : Whereas the said C. D. hath ^ofarXo. agreed to lend to the said A. B. the sum of £ , £3 per cent. Consolidated Annuities, recently standing in the name of the said 0. D. in the books of the Governor and Company of the Bank of England, upon having the transfer of a like sum of £ £3 per cent. Consolidated Annuities into the name of the said C. D., and the payment in the meantime of an annual sum in lieu of the dividends of the said stock se- cured to the said C. D. in manner hereinafter mentioned : NOW THIS INDENTURE WITNESSETH, that in ^art"°"™^ pursuance of the said agreement, and in consideration of ^°™''''"'''- the sum of £ (being the proceeds of the sale of the Proceeds of said sum of £ £3 per cent. Consolidated Annuities) now paid to the said A. B. by the said C. D. {the receipt, „ ^ •' . Conveyance dec. — Conveyance of freeholds by A. B. to C. D., subject to ^^«ehoids proviso for redemption hereinafter contained, see supra, ssgee. p. 516) : Provided always, that if the said A. B., his heirs, redemption executors, administrators, or assigns, shall duly perform the of annuities covenant next hereinafter contained, the hereditaments and of mort- premises shall at any time thereafter, at the request and cost of the said A. B., his heirs or assigns, be reconveyed to him or them, or as he or they shall direct : And the said A. B. doth ty mort , , . . gagorto hereby for himself, his heirs, executors, and administrators, transfer an- ■' ' . . nuities, and covenant with the said C. D. his executors, administrators, Jo pay in ' the mean- and 'assigns. That he the said A. B., his heirs, executors, ^jj™^!™"' administrators, or assigns, will, on the day of , 18 — , dividends. at his or their own cost, transfer, or cause to be transferred, into the name or names of the said C. D., his executors, ad- ministrators, or assigns, in the books of the Governor and Company of the Bank of England, the sum of £ £3 per Digitized by Microsoft® 586 MORTGAGES. ™ ^r"*^ ^^^*- Consolidated Annuities, and will, in the meantime, until TRANSFER ^]jg gajj Aunulties shall be so transferred, pay unto the said OF STOCK. 3 r J C. D., his executors, administrators, or assigns, such sums of money as shall be equal in amount to the dividends which -the said C. D., his executors, administrators, and assigns, would have been entitled to receive on account of the said annuities, if the same had continued standing in the name of the said C. D., such payments to be made at such times as the said dividends would have become payable {Covenants by mort- gagor for right to convey, for quiet enjoyment, " if default shall be made in the transfer of the said sum of £ £3 per cent. Consolidated Annuities, on the day of next," <&c,, free from incumbrances, and for further as- Powerof surance, supra, p. 517): And it is hereby agreed and DECLARED, that it shall be lawful for the said C. D., his executors, administrators, or assigns, at any time or times, without any further consent on the part of the said. A. B., his heirs or assigns, to sell the hereditaments and premises hereby granted, or expressed so to be, or any part or parts thereof, either together or in lots, and either by public auction or private contract, and either with or without special conditions or stipulations relative to title or otherwise, with power to buy in the said premises or any part thereof at any sale by auction, or to rescind any contract for the sale thereof, and to resell the same from time to time, without being answerable for any loss or diminution in price, and with power also to execute assur- ances, give effectual receipts for the purchase-money, and do all other acts and things for completing the sale which the said C. D., his executors, administrators, or assigns, shall think Trusts of proper : And it is hereby agreed and declared, that purchase- ^ ^ ' money. the gaid C. T>., his executors, administrators, or assigns, shall, with and out of the moneys to arise from any such sale as - aforesaid, in the first place pay and retain the costs and ex- penses attending such sale, or otherwise incurred in relation to this security, and in the next place, apply such moneys in satisfaction of the stock and moneys for the time being owing upon the security of these presents, and shall pay the surplus Power to be (if any) unto the said A. B., his heirs or assigns : Provided oniyincase ALWAYS, and it is hereby agreed and declared, that the power of default, . « . , ^ &a,vmcnts other sums of money, or any of them, or shall at any time fail """c u> ho- J ' J ' 'J come due, in other respects to observe and perform the said rules, cove- nants, and provisions, or any of them, then and in any or either of such cases the whole of the subscriptions or other payments in respect of the said advanced shares intended to be hereby secured, shall immediately thereupon become due and payable, and society and it shall be lawful for (but not obligatory on) the said society possession ^ s_j 1/ ^ "^ of or let to take possession of the said hereditaments and premises, and heredita- to let the same for any term, and upon such conditions as they shall think fit, and to appoint any person or persons, at such and appoint remuneration as they shall think proper, to collect the rents '"^°™'™'^' and profits of the said hereditaments and premises on behalf of the said society until sale thereof, and also at the discretion of the said society, at any time or times after such failure, and whether in possession or not, without the concurrence of the mortgagor or any other person, to sell and absolutely dispose of the said hereditaments and premises, either together or in and seir lots, and either by public auction or private contract, and sub- mc'nte."' ject or not to any special conditions or stipulations relative to the title or otherwise, and in such manner in all respects as the said society shall think fit, with liberty to buy in the same hereditaments and premises, or any part thereof, or to rescind any contract made for the sale thereof, and to resell the same without responsibility for any loss by such resale, and to exe- cute assurances, give effectual receipts for the purchase-money, and do all other acts and things for completing such sale which the said society shall think fit : And it is hereby declared fj"^^^^^ ^ that the said society shall with and out of any rents or sale 1^^,°^^^^',;^ moneys received by them as aforesaid in the first place retain °f;„°?Jf'p,,y. and pay all costs, charges, and expenses attending the execu- "■^"^t of^ tion of the trusts hereby declared, or in relation thereto ; and in t^;"'. «'">''. Digitized by Microsoft® 606 MORTGAaES. OF FREE- HOLDS TO A BUILDING SOCIETY. Surplus to be paid to mortgagor. Lessees aud purchasers not bound to inquire as to de- fault. Covenants by mort- gagor, the next place retain all subscriptions, fines and other payments then due, and which may thereafter become due in respect of the said advanced shares : And shall pay the surplus (if any) to the mortgagor, his heirs and assigns : And it is hereby DECLARED, that upon any lease or sale, made by the said society under any of the aforesaid powers in that behalf, the lessee or purchaser shall not be bound or concerned to see or inquire whether any of the cases have happened in which such lease or sale is hereinbefore authorised to be made, or other- wise as to the propriety of such lease or sale, or be affected by notice that no such case as aforesaid has happened, or that the lease or sale is otherwise improper : And the mortgagor doth hereby for himself, his heirs, executors, and administrators, covenant with the said society, their successors and assigns, that he will That he the mortgagor, his heirs, executors, administrators, or payments assigns, will from time to time make the several payments and and observe ,, » ipi- ,.. - the rules; observe and perform the rules for the time beirig m force of the said society in respect of the said advanced shares of the mortgagor which on his or their part ought to be paid, ob- thathewiu seiTed, and performed: And that the mortgagor, his heirs, premises executors, administrators, or assigns, will at all times during repair; the Continuance of this security keep the said hereditaments aud premises in good, substantial, and complete repair and condition : And also that he the mortgagor now hath good right to grant the said hereditaments and premises in manner aforesaid, free from incumbrances : And further, that the mortgagor, his heirs and assigns, and all persons whomsoever claiming any estate or interest in the said hereditaments and premises, will from time to time, at his or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such other acts and assur- ances, for more effectually assuring the said hereditaments and premises unto the said society, their successors and assigns, in manner aforesaid, as by them shall or may be reasonably re- quired : Provided lastly, that nothing herein contained shall be deemed or construed to prejudice or defeat any of the powers of powers, remedies, or authorities vested in the said society, under rules y^der the rules and regulations thereof, or the aforesaid Act of or Aot or r . fOTTcrover- Parliament for recovering or enforcing payment of the moneys ing moneys, intended to be hereby secured, or to prejudice or defeat any of the powers, remedies, or authorities which the said society that he has good right to grant ; and for further assurance. Proviso that this security shall not defeat Digitized by Microsoft® MORTGAGES. 607 OF FREE- HOLDR 10 A would have had if they had heen ordinary mortgagees for re covering or enforcing payment of the moneys intended to be goc^^T?" hereby secured by proceedings at law, or by foreclosing the equity of redemption of the same premises : And it is hereby Power to EXPRESSLY DECLARED that it shall be lawful for the said so- sue'for ciety, to sue for and recover any balance which may remain remaining _ - 111 r 1 • 1 • after sale of due to them atter any sale by them or the said premises, or any premues. part thereof. In witness, &c. No. XXXVIII. MORTGAGE of Leaseholds to a Building Society. of lease- holds TO A THIS INDENTURE, made the day of , Between »°'™™ A. B. of, &c. (hereinafter called " the mortgagor ") {mortgagor), p^j^.^^ of the one part, and the Building Society, incorporated pursuant to the " Building Societies Act, 1874 " (hereinafter called "the said society"), {mortgagees), of the other part: Whereas by an indenture of lease, dated the day of Recite one •' •' indenture , and made between and , of the one part, and ofieaee, the said A. B. of the other part : All that piece or parcel of ground {parcels as in the lease) were demised unto the mort- gagor, his executors, administrators, and assigns, for the term of ninety-nine years, wanting twenty-one days, from Mid- summer day, , at the yearly rent of £ , payable quarterly as therein is mentioned, and subject to the covenants therein contained, and on the part of the lessee, his executors, administrators, and assigns, to be observed and performed : And angj^^ whereas by another indenture of lease, bearing even date oneSle™ with the last recited indentui-e, and made between the same persons as are parties tp the last recited indenture, All that other piece or parcel of ground {parcels as in this lease) were demised unto the mortgagor, his executors, administrators, and assigns, for the like term of ninety-nine years, wanting twenty- one days, from Midsummer-day, , at the like yearly rent of J payable quarterly as therein is mentioned, and sub- iect to the covenants and conditions therein contained, and on the part of the lessee, his executors, administrators, and Digitized by Microsoft® 608 MOETGAGES. OF LEASE- HOLDS TO A assigns, to be observed and performed — advance mortgagor is sociET™ entitled to in respect of his shares, supra, p. 604<) : NOW THIS INDENTURE WITNESSETH, that in consideration of th^ sum of £ to the mortgagor now paid by the said society (the receipt whereof the mortgagor doth hereby acknow- ledge), he the mortgagor doth hereby demise unto the said Mortgagor society, their successors and assigns : All AND SINGULAR the demises , . leasehold pieces or parcels of ground, hereditaments, and premises, com- paioeis prised in and demised by the two hereinbefore recited inden- tures of lease respectively, or expressed so to be : Together WITH the three several messuages or dwelling-houses and the buildings in connection therewith, lately erected and built on the said demised premises : And also the several fixtures and things now or at any time hereafter affixed to or upon the to society Said Several hereditaments and premises : To HAVE AND TO o7terms HOLD the hereditaments and premises hereby demised, or ex- days), pressed so to be, unto the said society, their successors and assigns, henceforth during all the residue of the said two several terms of ninety-nine years, wanting twenty-one days, granted therein by the said indentures of lease respectively (save and except the last three days of the said several terms) : In trast Upon trust to permit the mortgagor, his executors, adminis- ga«or until trators, and assigns, to hold and enioy the said hereditaments drfanltin , . ° ' . , i ,. i making the and premises, and receive the rents and profits thereof so long as he or they shall duly pay the subscriptions and other sums of money which ought to be paid in respect of the said shares, according to the rules for the time being in force of the said society, and shall in all respects duly observe the said rules, and also the covenants and provisions hereinafter contained which ought on his or their part to be observed and performed : In case of BuT IN CASE he or they shall at any time fail for three calendar society to months to pay the said subscriptions and other sums of money, apply rents „!: in ' r -i • t inpayment, or any of them, or shall at any time fail in other respects to \ observe and perform the said rules, covenants, and provisions or any of them, then and in any or either of the said cases, the whole of the subscriptions or other payments in respect of the said advanced shares intended to be hereby secured shall immediately thereupon become due and payable (and society may take possession of or let hereditaments — appoint a re- and.if neces- ccivcr and scll hereditaments, see supra, p. 605), And it is 83.ry to 8611 I I • 1 • leaseholds HEREBY DECLARED that the said society shall out' of anv rents for tliis . ^ ^ ^ -^ purpose, or sale moneys received by them as aforesaid, in the first place Digitized by Microsoft® MORTGAGES. 609 OF LEASE- HOLDS TO A BUILDING SOCIETY. pay and retain all costs, charges, and expenses, attending the execution of the trusts hereby declared, or in relation thereto, including a,ny costs, charges, or expenses which may be in- curred in preserving the said hereditaments and premises from forfeiture, by paying the several rents, or performing the several covenants on the lessee's part respectively reserved and contained by and in the said two recited indentures of lease, And in the next place shall retain all subscriptions, fines, and »»,d "PP'y ^ . ^^^^ moneys other payments which shall then be due, or which may after- ^'^j^^' Avards become due in respect of the said advanced shares, and ^^g'[!',™go'" shall pay the surplus (if any) to the mortgagor, his executors, tfo™'jJnd'" administrators, or assigns (Lessees and purclmsers not bound ^enu'ano. to inquire as to default, suprd, p. 606) : And the mortgagor covenants doth hereby for himself, his heirs, executors, and administra- gagor t" .,,.,. , . make imy- tors, covenant with the said society, their successors, and ™nts, assigns, that he the mortgagor, his executors, administrators, or assigns, will from time to time make the several payments, and observe and perform the rules for the time being in force of the said society in respect of the said advanced shares of the mortgagor which on his or their part ought to be observed and performed : And also will, during the continuance of this to pay security, pay the several rents, and perform the several cove- nants reserved and contained by and in the said two several recited indentures of lease, and on the lessee's part to be respectively paid and performed : And also that the mort- for right to -1 1- 1 •!! !• demise gagor now hath good right to demise the said hereditaments and premises unto the said society, their successors and assigns, in manner aforesaid, free from incumbrances : And that the ^°^^°^ mortgagor, and all other persons lawfully or equitably claiming ' any estate or interest in the said hereditaments and premises, or any part thereof, will from time to time, at his or their own cost, during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds and things, for further and more perfectly assuring the said hereditaments and premises unto the said society, their suc- cessors and assigns, for all the residue then unexpired of the said several terms hereby granted, and in manner aforesaid, as shall or may be reasonably required. {Proviso that this security shall not defeat power of society under rules or Act or otherwise for recovery of moneys, suprd, p. 606. Power to society to sue for balance after sale of premises, suprd, p. 607.) In witness, &c. VOL. I. Digitized by Microsoft® * ^ • assurance. 610 MORTGAGES. TO TB,USTEE3 FOB, / TWO MORT- GAGEES. No. XXXIX. MORTGAGE to TsusTEEs/or Two Persons who advance the Money in Equal Shares. Pai'tins. Agreement for loan. ■Witnessing part. Considera- tion, day of -, Between Mortgagor conveys parcels to trustees for mort- gagees. Proviso for redemption, THIS INDENTURE, made the - A. B. of, &c. {mortgagor), of the first part, C. D. of, &c. {one mortgagee), of the second part, E. F. of, &c, {other mortgagee), of the third part, and G, H. of, &c., and I. K. of, &c. {trustees), of the fourth part: Whereas the said C. D, and E. F. have agreed to lend to the said A. B. the sum of £1000, id equal shares upon having the repayment of the same, with in- terest, secured to them in the manner hereinafter expressed : NOW- THIS INDENTURE WITNESSETH, that in pur- suance of the said agreement, and in consideration of the sum of £1000 paid to the said A. B. by the said C. D. and E. F. in equal shares, the receipt whereof he the said A. B, doth hereby acknowledge, and from the same and every part thereof doth hereby i-elease the said 0. D. and E. F. respectively, he the said A. B, upon the nomination of the said C. D. and E. F. (testified by their respectively executing these presents), doth hereby grant unto the said G. H. and I. K., their heirs and assigns,' All, &c. {parcels, general luords, and all the estate, dec.) : To have and to hold the hereditaments and premises hereby granted, or expressed so to be, unto and to the use of the said G, H. and I. K., their heirs and assigns : In TRUST for the said C. D. and E, F,, their heirs and assigns, as tenants in common, subject to the proviso for redemption here- inafter contained : Provided always, and it is hereby agreed and declared, that if the said A. B., his heirs, executors, ad- ministrators, or assigns, shall on the day of next, pay unto the said 0. D. and E. F., their executors, adminis- trators, or assigns, in equal shares, the sum of £1000, with in- terest thereon at -the rate of £ per cent, per annum, to be computed from the date of these presents, then and in such case the said hereditaments and premises shall, at the request and cost of the said A. B., his heirs or assigns, be reconveyed to him or them, or as he or they shall direct : And the SAID A. B, doth hereby for'himself, his heirs, executors, and adminis- trators, covenant with the said 0, D. and E. F., and their Digitized by Microsoft® MORTGAGES. 6 1 1 executors, administrators, and assigns. That he the said " ^o^'"''" A. B., his heirs, executors, or administrators, will, on the '^Zloi'S!' day of next, pay to the said C. D. and E. F., their exe- Covenant cutors, administrators, or assigns, in equal shares, the sum ot^l^"^ £1000, with interest thereon after the rate and computed as PfL^^a aforesaid, And if the said principal sum, or any part thereof, '"^"''*- shall not be paid on the said day of next, then will pay to them interest, &c. (supra, p. 516, — absolute covenants for title hy A.B. with G. H. and I. K.) : And it is hereby p„we AGREED AND DECLARED, that it shall be lawful for the said """' G. H. and I. K., or the survivor of them, or the heirs of such survivor, their or his assigns, and they or be are or is hereby required, at any time or times, at the request of the said C. D. and E. F., or either of them, or the executors, adminis- trators, or assigns of them, or either of them, but without any further consent on the part of the said A. B., his heirs or assigns, to sell the hereditaments and premises hereby granted, or expressed so to be, or any part or parts thereof, either together or in lots, and either by public auction or private con- tract, and either with or without special conditions or stipu- lations relative to title or otherwise, with power to buy in at sales by auction, to rescind contracts for sale, and to resell without being answerable for any loss or diminution in price, and with power also to execute assurances, give effectual re- ceipts for the purchase-money, and do all other acts and things for completing the sale which the persons or person selling as aforesaid shall think proper ; And it is hereby agreed and Trusts o( 1 1 IT i> -iin pw'oliase- DECLARED, that the persons or person selhng as aforesaid shall, money. with and out of the moneys to arise from any such sale, in the first place pay and retain the costs and expenses attending the sale, or otherwise incurred in relation to this security, and, in the next place, pay and satisfy the moneys which shall then be due and owing on the security of these presents to the persons entitled thereto, and shall pay the surplus (if any) to the said A. B., his heirs or assigns: Provided always, and it is Power to be hereby agreed and declared, that the power of sale herein- only in case before contained shall not be exercised unless default shall be &c. made in payment of the said principal sum of £1000, or the interest thereof, or some part thereof respectively, on the said day of next, and also for the space of six calendar months next after a notice requiring such payment shall by or on behalf of the said C. D. and E. F., or one of them, or the B R 2 Digitized by Microsoft® 612 MORTGAGES. TO TRUSTEES FOB TWO MORT- GAGEES. Future trustees to liave same powers as trustees hereby ap- pointed. Mortgagees to be entitled to principal sum, in- terest, and securities, in equal shares, jjari executors, administrators, or assigns of them, or one of them, have been given to, or left at the usual or last known place of abode in England or Wales of the said A. B., or one of his executors, or administrators, or left upon or affixed to some part of the premises hereby granted, or expressed so to be, or unless default shall be made in some half-yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment {Purchaser not bound to inquire as to default, dc, supra, p. 612) : Provided always, and it is hereby agreed and de- clared, that the hereditaments and premises hereby granted, or expressed so to be, may at any time or times whilst any money remains due upon the security of these presents, be conveyed and assured unto and to the use of any person or persons whom the said C. D. and E. F., or their respective executors, adminis- trators, or assigns may nominate as their trustee or trustees for the purposes of this security, and such trustee or trustees shall and may have and exercise the power of sale, and other the powers herein contained, in like manner as if he or they had been named herein instead of the said G. H. and I. K. : Provided also, and it is hereby lastly agreed and declared, that the said C. D. and E. F., and their respective executors, adminis- trators, and assigns, shall be entitled to the said principal sum of £1000 and the interest thereof, and to all the securities for the same, in equal shares, pari passu, and without preference or priority. In witness, &c. Digitized by Microsoft® MORTGAGES. 613 No. XL. DECLAEATION of Trust of Money secuked on Mort- i>eclaea. •^ ■' TION OF GAGE, and Contributed hy Different Lenders in ™''™ °^ Unequal Proportions, the Mortgage havinq been ^'T""" •7 la OfixG AG El taken in the Names of Four Trustees Nominated hy the Lenders (a). TO ALL TO WHOM THESE PRESENTS shall come, A. B. of, &c., C. D. of, &c., E. F. of, &c„ and G. H. of, &c., send greeting : Whereas by an indenture bearing even date with, "efi*" 1 , , 1 , p , ° inortgage of but executed before these presents, and made between X. Y., T"" ''"*" J, P „ ■■• 'for i:5uou. ot, &c., of the one part, and the said A. B., 0. D., E. F., and G. H., of the other part, in consideration of the sum of £5000 therein expressed to be paid to the said X. Y. by the said A. B., C. D., E. F., and G. H., out of moneys belonging to them on a joint account in equity as well as at law, divers messuages, lands, and hereditaments situate in the parish of , in the county of , therein more particularly described, with their appurtenances, have been conveyed and assured unto and to the use of the said A. B., C. D., E. F., and G. H., their heirs and assigns, by way of mortgage for eecuring the payment by the said X. Y, his heirs, executors, administrators, or assigns, unto the said A. B., C. D., E. F, and G. H., or the survivors or survivor of them, or the executors or administrators of such survivor, their or his assigns, of the sum of ^oOOO, with in- terest for the same after the rate of £, per cent, per annum, on the day of next, and in the said inden- ture is contained a covenant by the said X. Y. for the payment of the said principal sum of £5000, and the interest thereof: And whereas the sum of £5000 in the hereinbefore recited THat £5ooo was coii- iadenture expressed to be paid to the said X. Y. by the said j'-iijuted A. B., C. D., E. F., and G. H. as aforesaid, was in fact money i,';^^™;;^'" contributed by the several persons and in the shares and '''""■'^''■ amounts next hereinafter mentioned (that is to say), the sum of £1000 (part thereof) by I. K. of, &c., the sum of £1500 (other part thereof) by L. M. and N. 0., as the. trustees of an inden- (a) The mortgage in this case is supposed to have been in the form of Precedent No. 5. Digitized by Microsoft® G14 MORTGAGES. DECLARA- TION OF TRUST ON CON- TraiBUTORT MORTGAGE. ture of settlement, dated the day of , and made upon the marriage of with the sum of £2000 (other part thereof) by P. Q. and R. S., the executors and trustees named in the will of , dated the day of , and the sum of £500 (residue thereof), by T. V., the wife of U. V. of, &c., A^ieoment being monev belonging to her for her separate use: And to execute WHEREAS the Said A. B., 0. D., E. F. and G. H. have agreed at cleclaration ' ^ ° of trust. the request of the' several persons by whom the said sum of £5000 was contributed as aforesaid, to execute such declaration Witnessing of trust as is hereinafter contained : NOW THESE PRE- 1™"^- SENTS WITNESS, that in consideration of the premises, it is by tSe™ hereby declared that the said A. B., C. D., E. F., and G. H., wiiisfamd their executors, administrators, and assigns, shall stand and be Sllooo"^ possessed of and interested in the said sum of £5000 secured by the hereinbefore recited indenture, and the interest thereof. As to part upon the trusts following (that is to say), -As TO the sum of £1000 (part of the said principal sum) and the interest of the said sum of £1000, in trust for the said I. K., his executors, Astootiier administrators, and assigns. As TO the sum of £1500 (other l! M.'ana part of the said principal sum) and the interest of the said sum of £1500, in trust for the said L. M. and N. 0., their executors, administrators, and assigns, or other the trustees or trustee for the time being of the said indenture of settlement of the As to otiier day of , As TO the sum of £2000 (other part of the said p. Q. ana principal sum) and the interest of the said sum of £2000, in trust for the said P. Q. and R. S., their executors, administra- tors, and assigns, or other the trustees or trustee for the time 4sMultor ^siiig of tli6 said will of the said , And as to the sum he7sqmrate °^ ^^^^ (residuo of the saifl principal sum) and the interest ™''- of the said sum of £500, in trust for the said T. V., her executors, administrators, and assigns, for her separate No priority usc, and SO that the said I. K., L, M. and N. 0.. P. between ' tu ««stuis(ine and R. S., and T. V. respectively, shall be entitled to their several and respective shares in the said principal sum and interest pari passu, and without preference or priority : t"hat trus.°° -^^° ^^ ^^ HEREBY FURTHER DECLARED that the Said A. B., ho?d'se''cu. G- ^■' ^- ^- ^^^ ^- S^-' *^eir heirs, executors, administrators, tmstte ^^^ assigns, shall stand and be seised and possessed of and in- iraoXg terested in the hereditaments and premises granted, or ex- sto^es and pressed to be granted, by the hereinbefore recited indenture (subject to the right of redemption subsisting therein), and all other the securities for the said principal sum of £5000, and Digitized by Microsoft® trust. interests. MORTGAGES. 615 the interest thereof, in trust for the said I. K. and L. M. and N. 0., P. Q. and R. S., and T. V., and their respective execu- tors, administrators, and assigns, according to their several shares and interests in the said principal sum of £5000 and the interest thereof. In witness, &c. DF.CLABA- TIOS OF TBU8T ON CON- TEIBUTORY MORTOAGB. No. XLI. DECLARATION of Trust of Part of a sum of Monet of part ** *^ " "^ OF A BVM secured on a Contributory Mortgage. ''coN^mBr-'' TORY THIS INDENTURE, made the day of , Between MOHT,.Ana A. B. of, &c., C. D. of, &c., E. F. of, &c., and G. H. of, &c., of the Parties, one part, and I. K. of, &c., of the other part {Recite mortgage to A. B. dc.for ^10,000): And whereas the sum of £2000 (part Kedte^ ^ of the sum of ^10,000 expressed to be paid by the said A. B., »nd that C. D., E. F., and G. H., in and by the said indent\u-e) was the |J°^y J'"- proper money of the said I. K.: NOW THIS INDENTURE «^»^7' 'i™ WITNESSETH, that in consideration of the premises, It is witncs3in- HEREBY DECLARED AND AGREED, that the said A. B., O. D., Declarati.m E. F., and G. H., their executors, administrators, and assigns, °' '"'"■'*■ shall stand possessed of and interested in the sum of £2000 (part of the said principal sum of £10,000 secured by the herein- before recited indenture), and the interest of the sum of £2000, In trust for the said I. K., his executors, administrators, and assigns absolutely, and so that as between the said sum of £2000 and the interest thereof, and the residue of the said sum of £10,000 and the interest thereof, there shall be no preference or priority. In witness, &c. Digitized by Microsoft® 616 MORTGAGES. No. XLII. UOKTSAGE FOR TERM TO BECURB YOUNGER CHUDREN'a POKTIOSS, Death of husband without having executed power. That there are four younger children, who have attained vested interests in their portions. Agreement to mortgage to raise same. MORTGAGE of Lands undLer the Trusts of a Teem for SECUHiNG younger ' Children's Portions, where neither the PoRTiONiSTS nor the Freeholder CONCUR (a). THIS INDENTURE, made, &c., Between A. B., of, &c. and C. D. of, &c. (trustees of term for securing portions), of the one part, and E. E. of, &c. (mortgagee), of the other part : Whereas (Recite settlement whereby certain hereditaments were conveyed to use of husband for life, remainder to uses to secure jointure for wife, remainder to the said A . B. and C. D. for 1000 years, and subject thereto to use of the sons successively in tail, — trusts of term of 1000 years for A. B. and G. D. to raise by mortgage thereof £4000 for younger children's por- tions) : And whereas the said (husband) died on the day of without having exercised the power of appointment given to him by the said indenture of settlement as aforesaid in respect of the said sum of £4000 : And whereas there are four younger children of the said marriage, and each of them has attained the age of twenty-one years, so that the said sum of £4000 is now payable to and divisible between such younger children equally : And whereas no part of the said sum of £4000 has yet been raised : And whereas the said A. B. and C. D., pursuant to the trust for this piirpose contained in the said recited indenture, have applied to the said E. F. to advance to them the sum of £4000 for the purpose of satisfying the said portions which he the said E. F. has agreed to do upon having the repayment thereof, with interest, secured to him in the manner (a) On a mortgage of land under the trusts of a term to raise portions for younger children, it is desirable, as a general rule, to make the portionists parties ; but if the trusts are in the usual form their concurrence is not ab- solutely essential, and therefore where it cannot conveniently be obtained, it may be, and often is, dispensed with. Where the tenant of the freehold is sui juris, he generally consents to join in the mortgage, and to covenant either for payment of the principal and interest, or of the interest only, by way of collateral security ; but if he is a minor, or refuses to join, the mortgagee must remain satisfied with the security of the land. Digitized by Microsoft® MORTGAGES. 617 hereinafter expressed : NOW THIS INDENTURE WIT- ■^"ortgage ■-■^■--- -^ FOR TEBM NESSETH, that in pursuance of the said agreement, and in ™ seotoe consideration of the sum of £4000 on or before the execution of children's PORTIONS. these presents, paid by the said E. F. to the said A. B. and C. D. zr—~. — for the purpose aforesaid (the receipt, do.), they the said A. B. p^^. and C. D., in exercise and execution of the trust for this purpose J^ga^ reposed in them by the said indenture, do hereby assign unto ^"''^ the said E. F., his executors, administrators, and assigns, All, &c. (parcels, general words, and all the estate, dc.) : To have tomort- , gftgee for AND TO HOLD the hereditaments and premises hereby assigned, residue of or expressed so to be, unto the said E. F., his executors, adminis- trators, and assigns, for all the residue now unexpired of the said term of 1000 years, created by the said recited indenture of the day of , subject to the proviso for redemption herein- after contained : Provided always, and it is hereby agreed and Proviso for ^ , ° redemption. declared, that if the person or persons for the time being entitled to the hereditaments and premises hereby assigned, or expressed so to be, in remainder immediately expectant on the said term of 1000 years, shall on the day of next pay unto the said E. F., his executors, administrators, or assigns, the sum of £4000, with interest for the same after the rate of £ per cent, per annum, computed from the date of these presents, then and in such case these presents and the assignment hereby made shall cease, determine, and be void : And each of them the said covenants ' ' uy trustees A. B. and C. D. so far only as relates to his own acts and deeds, ^|„^'J,j^™,J3 doth hereby for himself, his heirs, executors, and administrators, covenant with the said E. F., his executors, administrators, and assigns, that they the said A. B, and C. D. respectively have not at any time heretofore done or executed, or knowingly suffered, or been party or privy to any act, deed, or thing whereby they are prevented from assigning the said hereditaments and pre- mises unto the said E. F., his executors, administrators, and assigns, for the residue of the said term and in manner afore- said, or whereby the said hereditaments and premises, or any part thereof, are, is, or can be in anywise incumbered. In witness, &c. Digitized by Microsoft® 618 MORTGAGES. XLIII. TO RAISE POETIONS WITH CON- CUERENCE OF TENANT FOR LIFE. Parties. MORTGAGE by Trustees of a Term for raising Por- tions with the Concurrence of the Portionists, and also of the Tenant for Life, under a re-settle- ment of the estates, who Covenants to keep down the interest. day of Between Beoitals. THIS INDENTURE, made the - A. B. of, &c., and 0. D. of, &c. (trustees of term), of the first part, E. F. of, &c. (tenant for life), of the second part, G. H. of, &c., I. K. of, &c., and L. M. of, &c. (portionists), of the third part, and N. 0. of, &c. (mortgagee), of the fourth part (Recite settlement on marriage of X. Y. with Z,, whereby estates were limited to use of X. Y. for life, with remainder that Z. should receive a jointure, with usual powers, with remainder to A. B. and CD. for 1000 years, upon trust to raise £10,000 as por- tions for younger children, and also the costs attending the raising of the same, tvith remainder to iise of first and other sons ofX. Y. and Z. in tail male — that there were issue of said marriage, E. F., the eldest son, and G. H., I, K., and L. M., younger children — that E. F. attained twenty-one, and re-settlement of estates, whereby E, F.'s estate tail is cut down to an estate for life, with remainders over : — death of X. Y, — that G. H., I. K., and L. M. attained twenty-one in lifetime of X. Y.) : And whereas the said G. H., I. K., and L. M., having required the said A. B. and C. D. to raise and pay to them the sum of £10,000 hy the said indenture of the day of , directed to be raised for the portions of younger children as aforesaid, the said A. B. and C. D. have applied to the said N, 0. to advance the said sum of £10,000. for the purpose aforesaid, and also the further sum of £ for the purpose of paying the costs and expenses of, and incidental to, the raising of the said portions, which the said N. 0. has agreed to do, upon having the repayment of the said several sums of £10,000 and £ , making together the sum of £ , with interest for the same, secured by an assignment, by way of mortgage, of the here- ditaments comprised in the said term of 1000 years, and upon having the interest thereon further secured by the covenant of Witnessing the Said E. F. in the manner hereina,fter expressed : NOW THIS Agreement for loan. Digitized by Microsoft® MORTGAGES. 619 INDENTUEE WITNESSETH, that in pursuance of the said ™^^»^ agi-eement in this behalf, and in consideration of the sum of '^"1^°^: £ , on or before the execution of these presents, paid by yoR^uyj'' the said N. 0. to the said A. B. and C. D. for the purposes afore- considera- said, with the consent and approbation of the said G. H., I. K., *'''°' and L. M., testified by their respectively being parties to and executing these presents (the receipt, dc), they the said A. B. and C. D., in exercise and execution of the trust for this pui-pose Trustees of reposed in them by the said recited indenture of the day and tenant ■"■ "^ "^ for life coa- of as aforesaid, do hereby assign, and the said E. F. doth firms to mortgagee hereby confirm unto the said N. 0., his executors, administrators, for residue and assigns, AiiL, &c. ( parcels, general words, and all the estate, dtc) : To HAVE AND TO HOLD the hereditaments and premises hereby assigned, or expressed so to be, unto the said N. 0., his executors, administrators, and assigns, for all the residue now unexpired of the said term of 1000 years, granted by the said indenture of the day of , as hereinbefore is mentioned, without impeachment of waste, subject to the annual sum or yearly rent-charge of £ , by the same indenture limited to the said Z. during her life as aforesaid, and the powers and remedies for enforcing payment thereof, and subject also to the proviso for redemption next hereinafter contained : Provided Prot-iso for ALSO, and it is hereby agreed and declared, that if the said E. F., or his assigns, or other the person or persons for the time being entitled to the hereditaments and premises hereby assigned, or expressed so to be, in remainder immediately expectant on the said term, shall on the day of next, pay to the said N. O., his executors, administrators, or assigns, the sum of £ , with interest for the same after the rate of £ per cent, per annum, computed from the date of these presents, then and in such case these presents and the assignment hereby made shall cease, determine, and be void : And the said E. F. covenant ' .by tenant doth hereby for himself, his heirs, executors, and administrators, ^°y^g'^ covenant with the said N. O., his executors, administrators, and the interest, assigns, that he the said E. F. shall and will during his life pay the interest to accrue due on the said principal sum of £ , or on so much thereof as shall for the time being remain owing on the security of these presents, by equal half-yearly payments on the day of , and the day of in every year. {Covenant by A. B. and C. D., that they have done no act to incumber, suprd, p. 617.) In witness, &c. Digitized by Microsoft® 620 MORTGAUES. No. XLIV. TO EAISE PART OF PORTION UNDER POWER OF ADVANCE- MENT. Parties. Eeeite set- tlement. reath Of settlor's wife. Issue Of marriage. That tenant for life is desirous to purchase commission for younger son. Agreement to advance money. MORTGAGE hy Teustees of a Teum, with the concurrence of the Tenant foe Life, for the purpose of eaising a PART of the Expectant Poetion of a Younger Son, for his Advancement. THIS INDENTURE, made the day of Between A. B. of, Sec, and 0. D. of, &c. (trustees of the term), of the first part, E. F. of, &c. {tenant for life), of the second part, and G. H. of, &c. (mortgagee), of the third part : Whereas by an inden- ture, &c., the manor and other hereditaments therein particularly described (of which the hereditaments intended to be hereby demised form part) were limited and assured from and after the solemnization of the said then intended marriage. To the use of the said E. F. and his assigns during his life, without impeach- .ment of waste, with remainder (subject to a yearly rent-charge limited to the said which has determined by her death) to the use of the said A. B. and C. D., their executors, administra- tors, and assigns, for the term of 1000 years, computed from the day of the decease of the said E. F., without impeachment of waste, upon trust that if, &c. (trusts for raising portions for younger children after the decease of E. F., or during his life, with his consent in writing, andpotver to trustees with consent of E. F. to raise a moiety of the expectant portion of any child for his advancement) : And whereas the said , the wife of the said E. F., died on the • day of , And whereas there are issue of the said E. F. by the said , his late wife, L. F., their eldest son and three younger sons, and two daughters, all of whom are under the age of twenty-one years : And WHEREAS M. F. is one of such younger sons, and he is now of the age of eighteen years, or thereabouts : And whereas the said E. F. is desirous of purchasing a commission in the army for the said M. F., and hath requested the said A. B. and C. D. to raise, under the trusts of the said term of 1000 years, the sum of £ , to be applied to the purchase of such commission, and for the outfit of the said M. F., or otherwise for his advance- ment and benefit : And whereas the said G. H. has agreed to advance to the said A. B. and 0. D, the sum of £ for the Digitized by Microsoft® MORTGAGES. 621 purpose aforesaid, upon having the repayment thereof, with ™ "'"^':' interest, secured to him. in the manner hereafter expressed : ''""'f'™ NOW THIS INDENTURE WITNESSETH, that in pur- ^°}^}^: suance of the said agreement, and in consideration of the sum of ^^!j £ , on or before the execution of these presents, paid by the J^^"^^'"^ said G. H. to the said A. B. and C. D., at the request and by the considem- direction of the said E. F., testified by his being a party to and executing these presents, and which sum of £ is intended to be applied by the said A, B. and C. D. for the advancement of the said M. F. in manner aforesaid {the receipt, cCc), they the Tmstccs said A. B. and 0. D. do hereby demise unto the said G. H., his executors, administrators, and assigns. All, &c. (parcels, general words) : To have and to hold the hereditaments and premises to mort- hereby demised, or expressed so to be, unto the said G. H., his loooycurs, .. '■ , „ ^ .1 n wanting executors, admmistrators, and assigns, for the said term of 1000 ten days. years, computed from the day of the decease of the said E. F., and so as aforesaid created by the said recited indenture of the day of , except the last ten days of the said term, without impeachment of waste, subject to the proviso for re- demption hereinafter contained : AND THIS INDENTURE second witnesaine ALSO WITNESSETH, that in pursuance of the said agi-ee- part. ment, and for the consideration aforesaid, the said E. F. doth hereby demise unto the said G. H., his executors, administra- tors, and assigns, THE SAID PIECES or parcels of land, and other Tenant for the hereditaments hereinbefore described and expressed to be - demised for the said term of 1000 years, except the last ten days of the said term as aforesaid, with their and every of their rights, members, and appurtenances : To have and to hold *» ';,'^"^^ the hereditaments and premises hereby demised, or expressed *'■' y"""^- so to be, unto the said G. H., his executors, administrators, and assigns, for the term of ninety-nine years, computed from the day of the date of these presents, if the said E. F. shall so long live, without impeachment of waste, subject to the proviso for redemption hereinafter contained : Provided always, and it is Proviso for ••■ .... redemption hereby agreed and declared, that if the said E. F., or his assigns, or the person or persons for the time being entitled to the here- ditaments and premises hereby demised, or expressed so to be, in remainder expectant on the said term of 1000 years, or the Said A. B. and C. D,, their executors, administrators, or assigns, shall, on the day of next, pay to the said G. H, his executors, administrators, or assigns, the sum of £ , with interest for the same after the rate of £ per cent, per Digitized by Microsoft® 622 MORTGAOES. TO BAISE PART or PORTIOK UHI>ER POWER OF ADVANCE- MENT. annum, computed from the date of these presents, then and in such case these presents and the several demises hereby made shall cease, determine, and be void (Covenant by E. F. to pay principal and interest, suprd, p. 516) : Provided always, and bytoSaSt it is hereby declared, that as between the said E. F., on the paVprin- one hand, and the hereditaments and premises hereby demised, Sterest* Or expressed so to be, on the other hand, the said E. F., and his Declaration estate and effects, shall be liable during his life to keep down aa to order ^ ... , . of liability. i]^Q interest on the said principal sum of £ , in exoneration of the said hereditaments and premises, and the said heredita- ments shall be charged with, and liable to, the payment of the said principal sum of £ , in exoneration of the said E. F. and his estate and effects : but this present proviso shall not in anywise affect the said G. H., his executors, administrators, or assigns, or his or their right to resort to his or their several securities in such order and manner as he or they shall think fit. (Covenant by A. B, a/ndC. D. against incumbrances, suprd, p. 617.) In witness, &c. No. XLV. MOETOAGE MORTGAGE by Assignment of Premises compHsed in a B">i'"™ Building Lease to secure the re-payment of Sums oNFiNisHED ttdvanccd and to be advanced to the Lessee for the HOUSES, •' purpose of enabling him to complete Several Houses which a/re unfinished, THIS INDENTURE, made the day of , Between A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. (mortgagee), of the other part (Recite building lease to A. B) : Keoite sum And WHEREAS pursuant to the covenant for this purpose con- f ^mra?? tained in the said recited indenture of lease, the said A. B. hath bSg. already laid out and expended the sum of £ in erecting buildings on the said piece or parcel of ground in the said in- denture comprised : And whereas the said A. B., having occa- sion for the sum of £ for the purpose of enabling him to complete the erections and buildings intended to be erected on Digitized by Microsoft® MORTGAGES. 623 the said piece or parcel of ground pursuant to the aforesaid mortgage covenant as aforesaid, hath applied to and requested the said ^'''^^^^ C. D. to lend him the same, which he the said 0. D. hath ^Tsl'^ agreed to do in two separate sums, that is to say, the sum of occasion & immediately before the execution of these presents, and sums.^''''^ the sum of £ , being the remainder of the said sum of & , when and so soon as all the erections and buildings already built, and to be erected and built, pursuant to the aforesaid covenant of the said A. B. as aforesaid shall have been covered in, on having the said several sums of £, and £ , with interest thereon respectively, secured in manner hereinafter expressed: NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said agreement, and in consideration of the sum of £, to the said A. B. paid by the said C. D., on or immediately before the execution of these presents {the receipt, dc), and in consideration of the covenant slStlon hereinafter contained on the part of the said C. D., to advance ?h*„™™;i the further sum of £ to the said A. B. on all the said and in con- erections and buildings being covered in as aforesaid, he the of covenant said A, B. doth hereby assign unto the said C. D., his executors, further sum . . JO 'on buildings administrators, and assigns. All and singulak the piece or Mng . . .. oovered in. parcel of ground, hereditaments, and premises comprised in and AsBignment demised by the said recited indenture of lease, and also all ° p'™'^"" erections and buildings which have been erected and are now standing on the said premises {and all the estate, dc) : To HAVE AND TO HOLD the hereditaments and premises hereby assigned, or expressed so to be, unto the said 0. D., his to mort- !•• 1 ■ (• 111 -1 gagee for executors, administrators, and assigns, for all the residue now residue of < 1 ■ ■• . . term. unexpired of the said term of ninety-nine years created by the said recited indenture of lease, subject nevertheless to the pro- viso for redemption hereinafter contained : Provided always, Pro^so for A ' redemxjtion. AND IT IS HEREBY AGREED AND DECLARED, that if the said A. B., his heirs, executors, administrators, or assigns, shall pay to the said C D., his executors, administrators, or assigns, the principal and interest monies hereinafter covenanted to be paid by him or them at the times when the same respectively shall become payable, then and in such case the said C. D., his executors, administrators, or assigns, shall, upon the request and at the cost of the said A. B., his executors, administra- tors, or assigns, re-assign the said premises hereby assigned, or expressed so to be, unto the said A. B., his executors, ad- ministrators, and assigns, or as he or they shall direct : And Digitized by Microsoft® 624 MORTGAGES. MOETGAGE BY A BtriLDEE OP UNFINISHED HOUSES. Covenant by mort- gagor for payment of principal money and interest. Covenant by mort-: gagor to complete buildings, and that if default is made by him, mort- gagee may Umsh them. THE SAID A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said C. D., his executors, administrators, and assigns, that the said A. B., his heirs, exe- cutors, administrators, or assigns, will on the said day of , 18 — , pay unto the said C. D., his executors, adminis- trators, or assigns, the sum of £ , with interest for the same computed from the date of these presents after the rate of £ per cent, per annum, and if the said sum of £ shall not be paid on the said day of , 18 — , then will pay to him or them interest on the said principal sum, or on so much thereof as shall for the time being remain unpaid, after the rate aforesaid, by equal half-yearly payments, on the day of and the day of in every year, until the whole of the said principal sum shall be paid. And also will pay unto the said C. D., his executors, administrators, or assigns, such sum as shall be hereafter advanced by the said C. D,, his executors, administrators, or assigns, unto or on account of the said A. B., together with interest for the same after the rate of £ per cent, per annum, to commence and be computed from the time of advancing the same, at the expiration of six calendar months next after such sum as aforesaid shall be advanced, and if the last-mentioned sum shall not be paid at the expiration of the said six calendar months, then shall and will pay to the said 0. D., his executors, administrators, or assigns, interest for the same, or so much thereof as shall for the time being remain un- paid, after the rate aforesaid, by equal half-yearly payments on the same days as are hereinbefore appointed for payment of the interest on the said principal sum of £ {Absolute covenants for title by A. B,, and to insure against fire, suprd, p. 539, — covenant by A. B. for payment of the rents, and for the obser- vance of the covenants in the lease, suprd, p. 540) : And the SAID A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said 0. D., his executors, administrators, and assigns, that he the said A. B. will, before the — ~ day of - — , fully and completely finish the erections and buildings hereby assigned, or expressed so to be, and all other the erections and buildings which are to be erected and built on the said piece of ground pursuant to the covenant for this purpose entered into by the said A. B. by the said recited indenture of lease as therein mentioned, and that in case default in this respect shall be made by the said A. B., then it shall be lawful for the said C. D., his executors, administrators, or assigns, Digitized by Microsoft® MORTGAGES, 62.3 MOnTGAGE BY A BUILDER OP UNFINISHED HOUSES. moit- gagec, as well as other to enter upon and into the said premises hereby assigned, or expressed so to be, and to complete the same erections and buildings, and any other erections and buildings which ought to be built on the said piece or parcel of ground pursuant to the aforesaid covenant, in such manner as he or they may think proper, and that in -that case the said A. B., his executors, ad- ministrators, or assigns, shall or will on demand pay unto the said C D., his executors, administrators, or assigns, all sums of money which he or they shall expend thereon, with interest thereon after the rate aforesaid from the time or respective times of paying or advancing or expending the same, and that the same Pi«™i8ea in r J o o 1 o ' such case premises hereby assigned, or expressed so to be, shall then ^^^"^^ j^_, stand charged with, and not be redeemed or redeemable until g°°5ndwi full payment shall be made of, as well the moneys which shall ^y be so expended as aforesaid, together with interest thereon as aforesaid, as also of the several other moneys hereby secured : """^y^- And the said C. D. doth hereby for himself, his heirs, exe- covenant . . . ^y mort- cutors, and administrators, covenant with the said A. B., his eis^e to ' advance executors, administrators, and assigns, that he the said C. D., ^■^■jf/i'^f"'" when and so soon as all the erections and buildings already ^^^j'^^j'jf, erected and to be erected pursuant to the covenant for that purpose contained in the said recited indenture of lease shall be covered in, and in case up to that time all and singular the covenants hereinbefore contained on the part of the said A. B. (other than the covenant for payment of the said principal sum of £ on the day of next) shall have been duly kept and performed, shall and will lend and advance to the said A. B., his executors, administrators, and assigns, the further sum of £ , at interest after the rate aforesaid, on the security of these presents {Poioer of sale and declaration of trusts of purchase-money, supra, p. 540): Provided always, and it power of IS HEREBY AGREED AND DECLARED, that the power of Sal6 pro^vislon hereinbefore contained shall not be exercised unless default there'tl? shall be made in the payment of the moneys for the time being owing on the security of these presents for the space of six calendar months next after a notice in writing requiring such payment shall, by or on behalf of the said C. D., his executors, administrators, or assigns, have been given to or left at the usual or last known place of abode in England or Wales of the said A. B., or one of his executors or administrators, or left upon or affixed to some part of the premises hereby assigned, or expressed so to be, or unless default shall be made in some half- VOE. I. ^ ® Digitized by Microsoft® 626 MORTGAGES, MORTGAGE BY A BtJlLDER OF UNFINISHED HOUSES. yearly payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment, or unless default shall be made in the observance or performance of any of the covenants or conditions contained in the said indenture of lease, and on the part of the lessee, his executors, administrators, or assigns, to be observed and per- formed. {Purchaser not bound to inquire as to default, dc. — power may be exercised by any person entitled to give a discharge for mortgage-money, suprd, p. 541.) In witness, &c. No. XLVI. BY A BUILDER OF LAND COMPRISED IN AGREEMENT. Parties, Agreement for loan. Mortgagee covenants to make advances as each house is covered in and com- pleted. MORTGAGE by a Builder of land comprised in an Agreement entitling Jiim to Separate Leases from the Freeholder as the houses are completed, to secure Advances to be made for the purpose of enabling him to complete the houses. THIS INDENTURE, made the day of , 18—, Be- tween A, B. of, &c. {mortgagor), of the one part, and C. D, of, &c. {mortgagee), of the other part : Whereas {Recite agreement between freeholder and builder, whereby builder agrees to build houses on a plot of land and freeholder agrees to grant a sepa- rate lease of each house when completed) : And whereas the said C D. has agreed to make advances of money to the said A. B. from time to time in order to enable him to complete the houses and buildings on the said plot of land pursuant to the said recited agreement, upon having the repayment thereof with interest secured in the manner hereinafter expressed : NOW THIS INDENTURE WITNESSETH, as follows:— 1. The saidC. D., (hereinafter called "the mortgagee,") cove- nants with the said A. B. (hereinafter called "the mortgagor "), that he the mortgagee will advance and lead to the mortgagor such sums of money as are next hereinafter mentioned (that is to say) the sum of £ immediately on the execution of these presents, and for and in respect of each house built by the mortgagor on the plot of land comprised in the said recited agreement, pursuant to the same agreement the further sum of Digitized by Microsoft® MORTGAGES. 627 BUILDER OF LAND COilPRISED AGREEMENT. £ , one moiety thereof to be advanced and lent as and ^^f^± when each such house shall be covered in, and the other moiety thereof as and when the same house shall be completed so as '" _ X f AGREE3 to be fit for habitation : Provided always that the mortgagee ^~^ shall not be bound to make any such advance as aforesaid, ^^oeTewi unless and until his surveyor shall have certified in writing "a*anM" that the bouse in respect of which the advance is to be made TCyor'rfS has been covered in or completed (as the case may be) to the thlSse satisfaction of such surveyor and in conformity with the said p^peH? recited agreement, and the fee of the surveyor for inspecting ' *"" the house and certifying as aforesaid (not exceeding in amount £ ) shall be paid by the mortgagor: Provided also thatnorunkss the mortgagee shall not be bound to make any such advance as "as'^paid'"^ aforesaid, unless up to the time when such advance ouo-ht to be punctually made under the loregomg covenant the mortgagor shall have '"''■™'' ^is COVtllltlllts duly paid the interest ou the principal money for the time beino' owing on this security on the half-yearly day hereinafter ap- pelated for payment of such interest, or within fourteen days thereafter, and shall have duly observed all the covenants hereinafter, on the mortgagor's part, contained (other than the covenant contained in Article 2). 2. In consideration of the advances to be made as aforesaid, Mortgagor the mortgagor hereby covenants with the mortgagee that he the toier.iy" mortgagor will repay to the mortgagee every sum of money "' '!"^ ""<' advanced by him pursuant to Article 1 at the expiration of six """"tiis, calendar months from the time of such advance, with interest thereon computed from the time of such advance, after the rate of £ per cent, per annum; and if the same shall ?n'ii«'pay not be repaid at the expiration of the said six calendar months '"^'■ . yearly, will thenceforth pay to the mortgagee interest thereon after the " rate aforesaid by equal half-yearly payments on the day of , and the day of in every year, until the said principal sum shall be fully repaid. 3. The mortgagor doth hereby assign unto the mortgagee Mortgagor The plot of ground comprised in the said recited agreement, "f S to" and the benefit of the said agreement in relation thereto. To subject to _ proviso for HOLD the same unto the mortgagee : Provided always that redemption _ . on payment the mortgagor shall, at his own expense, have a reassignment of "'p™"'!?^! o ° ' -"^ ° money and the said premises, if he shall pay all moneys advanced to him interest. by the mortgagee with interest thereon at the expiration of six calendar months from the times when the same shall be advanced pursuant to Article 2. s s 2 Digitized by Microsoft® 628 MORTGAGES. BY A BUILDER OP LAiTD COMPRISED IN AGREEMENT. Covenant by mortgagor to Insure against fli-e, and deliver receipts for premiums to mort- gagee. Power to mortgagee to insure in case of mortgagor's default, and to add expense of so doing to the mort- gage debt. Mortgngor covenants to build ai'i'ording to agreement, and to observe agreement. Power to moi-tgagee in certain cases to enter and complete buildings, 4. The mortgagor covenants with the mortgagee that he the mortgagor -will keep insured the buildings for the time being on the said plot of land in a sum equal to two-thirds of the value thereof: And will deliver to the mortgagee the receipt for every premium payable in respect of such insurance within seven days after it shall become due : And if the mortgagor shall fail to keep the said buildings insured as aforesaid, then the mortgagee may insure the same in such sum as he may think fit, and all moneys expended by him in or about such insurance, with interest thereon after the rale aforesaid, com- puted from the time of expending the same, shall be repaid to the mortgagee by the mortgagor on demand, and shall in the meantime be a charge on the said premises in addition to the other moneys hereby secured : And all moneys received in respect of any such insurance shall be applied in rebuilding or reinstating the premises in respect whereof the same shall be received. 5. The mortgagor further covenants with the mortgagee that he the mortgagor will erect and complete the houses by the said recited agreement agreed to be built by him on the said plot of ground at the times and in the manner mentioned in that behalf in the said agreement, and will pay the rent made payable by the said agreement, and observe and perform the said agreement in all respects. 6. If the mortgagor shall make default in the repajrment of any principal money hereby secured for the space of one calendar month after payment thereof shall have been demanded, or shall make default in any half-yearly payment of interest pay- able under these presents, or any part thereof, for the space of one calendar month after the day hereby appointed for such payment, or shall commit any breach of any of the covenants herein on his part contained (other than the covenant contained in Article 2), or shall become bankrupt or die during the continuance of this security, then and in any of such cases the mortgagee may at any time thereafter enter into and upon and take possession of the plot of land hereby assigned, and complete any houses or buildings thereon which may be unfinished in such manner as he may think fit, and add the money expended in so doinCT with interest thereon after the rate aforesaid, computed from the time of expending the same, to the other principal moneys and interest hereby secured, so as to be an additional charge on the said premises and the mortgagee may also seize and Digitized by Microsoft® MORTGAGES. 629 BT A BUILD -Jtt take possession of any tools, materials, and other chattels and things belonging to the mortgagor which shall then be in and .°'' "^ upon the said plot of land, and either use the same in or about .„„ 'X,^ the completion of the said buildings or sell the same : And . — r ■ . ^ to SG1Z6 the mortgagee may also sell the said plot of ground and the materials, houses and buildings thereon, or any part thereof, either together ana to or in lots, and so that every such sale may be either by public auction or private contract, and the mortgagee may buy in at sales by auction and rescind contracts for sale and resell with- out being answerable for any loss arising thereby, and may execute assurances, give valid receipts for the purchase-money, and do all other acts and things which he may think fit for carry- ing into effect and completing any such sale : And the mortgagee shall, with and out of the moneys to arise from any such sale, in the first place pay the costs and expenses incurred in or about such sale or otherwise in relation to this security, and in the next place pay the moneys then owing on this security, and pay the surplus (if any) to the mortgagor. 7. No purchaser upon any such sale as aforesaid shall be Purchaser bound or concerned to see whether any of the cases have to enquire happened in which such sale is hereby authorised to be made anycaso . . , ■ /. 1 antliorisiing or otherwise as to the propriety of such sale, or be affected by "^^'o'las notice that no such case has happened or that the sale is other- wise improper. 8. Any demand for payment of the money hereby secured ii"w may be made by a notice in writing given to the mortgagor "'"v i'" personally or left at his usual or last known place of abode or business, or left upon or affixed to any part of the land comprised in the said agreement, or any building thereon, 9. The mortgagor further covenants with the mortgagee a mortgager that he the mortgagor will, at his own expense, procure from to procure the said (the freeholder), a separate lease of each of the freeholder, said houses when and so soon as such lease can be required in execute 1 • T 1 • 1 • 1 T -n mortgages accordance with the said recited agreement, and will procure to mort- such lease to be granted either to the mortgasror or to the premises ° o o comprised mortgagee as the mortgagee may determine, and in case ™ i^^^es such lease shall be granted to the mortgagor then will forth- with make and execute to the mortgagee a valid and effectual mortgage of the premises comprised in such lease, either by way of assignment or underlease, for the purpose of securing the money which shall then be owing to the mortgagee upon this security, or such part of the said money as the mortgagee Digitized by Microsoft® 630 MORTGAGES. EY A BUILDER Oil" LAND COMPRISED IN AGREEMENT. may think fit to allocate to the premises comprised in that particular lease, with interest thereon after the rate aforesaid : And every such mortgage shall contain a power of sale and such Other powers and provisions as the mortgagee shall require. of'wS" ^^- '^^^ heirs, executors, and administrators of the mort- "a"or""ana S^S'^^'' ^^^ ^^^ executors, administrators, and assigns of the mortgagee, shall be respectively bound by and entitled to the benefit of these presents, and the covenant and powers herein contained, in like manner as if they had been expressly men- tioned herein throughout after the words " the mortgagor " and " the mortgagee " respectively, except where the context may require a different construction. In witness, &c. ' moi-t- No. XLVII. BY BoiLDEtt MORTGAGE by a Builder to a Fiem of Solicitors to TO "^ ■' S OLICITO RS. secure Balance of a Current Account. Parties. THIS INDENTURE, made the day of , 18—, Be- tween A. B. of, &c. (hereinafter called "the mortgagor") {mortgagor), of the one part, and C. D. of, &c., and E. F. of, &c. (hereinafter called " the mortgagees ") (mortgagees), of the other Recital tiiat part : WHEREAS the mortgagees have from time to time made have made advanccs to the mortgagor for the purpose of enabling him to advances to ° ° , rr o inortgasor, carry on his building operations at , and for other purposes, there is a and there has ' been for some time past a current account current ^ , account between the mortgagor and the mortgagees, in which account them. the mortgagor is debited with moneys from time to time advanced to him as aforesaid, and with interest thereon, and is credited with moneys from time to time received by the mort- gagees for rent or otherwise on his account : And there is now owing from the mortgagor to the mortgagees on the balance of Agreement such account Current the sum of £ : AND whereas the for seounty. ^jjortgagor has agreed to give to the mortgagees such security for the payment of the moneys now due and hereafter to become Witnessing due, and owing from him as hereinafter is expressed : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the premises, the Digitized by Microsoft® X'art MOETGAGES. 631 mortgagor doth hereby for himself, his heirs, executors, and "^ b^'H'Mk administrators, covenant with the mortgagees, their executors ^'"■■"™°«- and administrators, that he the mortgagor will on demand, or ^°^^^'' his heirs, executors, or administrators will within one month *,° r^y ?" _ - cleinana atter his death, without any such demand, pay to the mortgagees J^^JXt"^ or the survivor of them, or the executors or administrators of™™"'- such survivor, the balance which on the account current of the mortgagor, with them or him, shall for the time being be owing : And it is hereby declaeed, that any demand for now de- payinent of the aforesaid balance may be made to the mortgagor ^^ mide. personally or may be left at his usual or last known residence in England or Wales, or at or upon some or one of the messuages intended to be hereby demised, or some part thereof: And IT IS hereby agreed and declared, that for the purposes How of these presents the account current between the parties hereto to'h'"kept. shall be kept on the footing and in the manner following namely ; on the day of , and the day of , in every year during the continuance of this security, a half-yearly account shall be stated and settled, and in each half-yearly account the mortgagor shall be debited in the first place as to the account to be stated and settled on the day of next, with the said balance of £ now owing from him, and as to every future half-yearly account with the balance carried over from the preceding account and with interest on such present or future balance after the rate of £5 per cent, per annum : And in the next place the mortgagor shall be debited with all moneys (if any) advanced to him or on his account during the current half-year by the mortgagees or the survivor of them, or the executors or administrators of such survivor, and with interest thereon from the date of each such advance after the like rate of £o per cent, per annum : And the mort- gagor shall be credited in every such a'ccount with all sums of money which, during the current half-year*, shall be received by the mortgagees or the survivor of them, or the executors or administrators of such survivor, from the mortgagor or on his account for rents or otherwise, and with interest thereon after the rate aforesaid, computed from the receipt thereof respec- tively : And the balance which on the account so stated and settled as aforesaid shall appear owing from the mortgagor on the day on which the same shall be so stated and settled, shall be carried over as the first item on the debit side in the account for the next half-year : Provided ALWAYS, that if payment of Digitized by Microsoft® 632 MORTGAGES. Bv BuiLDEK ^1x6 balauce intended to be hereby secured shall be demanded on S0L1CIT0B3. any day not being one of the aforesaid half-yearly days of account, then and in such case the account shall be stated and settled on the footing and in manner aforesaid up to the day on which payment shall be demanded, so as to ascertain the ifmort- balance due on that day: Provided also, that if the mort- acoount to gagor shall die during the continuance of this security, then and be stated . , , ° , „ -, ■, , i t i /■ j_ uptQone in such casc the account shall be-stated and settled on the loot- month after . p . i . . » , i his death, mg and in manner aforesaid up to the expiration of one calendar month from the death of the mortgagor, so as to ascertain the Balance balance due on that day: Provided also, that if default to ueftr '' ' iuteiest. shall be made by the mortgagor, his heirs, executors, or ad- ministrators in payment of the balance intended to be hereby secured at the time by these -presents, or by such demand as aforesaid appointed for the payment thereof, then and in such case the balance ascertained as aforesaid shall bear interest after the rate of £5 per cent, per annum until the actual pay- Mortgagees ment thereof: And it is hereby agreed and declared, allowed to that the mortgagees or the survivor of them shall be entitled professional to charge the mortgagor for all professional business done by them or him in relation to this security or to any property forming the subject of this security, or in relation to any other property, matters, or things whatsoever in like manner as if they or he had not been the mortgagees or mortgagee under these presents, but had been employed by the mortgagor to do Charges to such businoss as his solicitors or solicitor: And all moneys to deST which shall from time to time become owing from the mortgagor to hea?in- to the mortgagees,, or the survivor of them, for professional delivery"™ charges as aforesaid, shall be carried to the debit side of the costs. ° account current to be kept as aforesaid, and shall bear interest after the rate aforesaid from the time when the bill of costs Second shall be delivered to the mortgagor: AND THIS INDEN- ^dtaesBing ^^jjg ^j^gQ -WITNESSETH, that in further pursuance of Demise of the Said agreement, and in consideration of the premises, the houses, &o., mortgagor doth hereby demise unto the moi-tsraeees their tomortgagee , i ■ • , i i ■ i .-, o o _> subject to executors, administrators, and assigns, All the messuao-es, lands, and hereditaments situate in the parish of , in the county of , comprised in the recited indentures of lease men- tioned in the schedule hereunder written, with their and every of their rights, easements, and appurtenances : To HAVE AND TO HOLD the hereditaments and premises hereby demised or expressed so to be unto the mortgagees, their executors Digitized by Microsoft® MORTGAGES. - 633 administrators, and assigns, for and during the residue now ""^ builder unexpired of the terms of years granted by the said indentures s°"c"ohs. respectively, except the last day of each of the said terms: Provided always, that if all moneys hereinbefore covenanted and agi-eed to be paid by the mortgagor, shall be duly paid by him, his heirs, executors, or administrators, according to the covenants and provisions hereinbefore contained, then and in such case the said hereditaments and premises shall, at the request and cost of the mortgagor, his executors, administrators, and assigns, be surrendered to him or them {Covenants for title and power of sale). In witness, &c. The Schedule referred to in the above-written Indenture. XL VIII. APPOINTMENT of Receiver of the Rents of a Mort- appo.nt- '^ <- *^ MENT OF GAGED Leasehold Estate for lives (a). »eceiveb. THIS -INDENTURE, made the day of , Between rarues. A. B., of, &c. {mortgagor), of the first part, C. D., of, &c. {mort- gagee), of the second part, and G. H. of, &c. {receiver), of the third part : Whereas {Recite mortgage of even date of renexv- able leaseholds, the rental and particulars of ivhich are con- tained in the schedule hereto) ; And whereas it hath been Agreement agreed between the said parties hereto that for securing themeutof regular payment half-yearly of the interest of the principal moneys secured by the said recited indenture, or so much thereof as shall for the time being remain owing upon the se- curity of the said indenture, a receiver shall be appointed for collecting the rents and profits of the same mortgaged pre- mises, and that the said G. H. shall be the receiver appointed for that purpose: NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said recited agreement, and in consideration of the premises, the said A. B., with the consent of the said C. D., testified by his executing these pre- ^if^}" sents, doth hereby nominate and appoint the said G. H. to be ™|^"f °' receiver of the rents and profits of all the hereditaments and Jjfents.*'" (a) This form may be easily adapted to the case of a mortgage in fee, or any other ordinary species of mortgage. Digitized by Microsoft® 634 - MOETGAGES. APPOINT- MENT OF RECEIVER, premises comprised in the said recited indenture bearing even date herewith as aforesaid, whilst and so long as any money shall remain upon the security of the same indenture, and as well after as before any renewal of the lease of the said here- ditaments and premises : And in case of non-payment thereof, or of any part thereof, to make any distress or distresses, or bring and prosecute any action or actions, suit or suits, at law or in equity, or otherwise howsoever, for the recoveiy thereof : And generally to do and execute any other act, matter or thing, which shall be requisite or necessary for recovering or obtaining payment of such rents and profits as the same shall d"STo respectively grow due : And the said A. B, doth hereby ?eMiv"r*^*° direct and require all and every persons and person who are, or is, or shall or may be, liable to pay any rents or profits for or in respect of the premises comprised in the said recited indenture of even date herewith, to pay such rents and profits unto the said G. H., or the receiver for the time being acting under these presents, upon and for the trusts, intents, and pur- Receipts of poses hereinafter declared concerning the same, and doth receiver to---. ^ . , t> t • t ^ lie sufficient hereby declare that the receipts of the said G. H., or of such discliarges. , * „ , . receiver for the time being, shall be sufiicient discharges for such rents and profits, ^Yithont any obligation on the part of the persons paying the same to ascertain or inquire into the necessity or propriety of such receiver acting under these ?f"trasfor presents : And it is hebebt agreed and declared, that profits""^ the said G. H. shall stand possessed of the rents and profits which shall be received by him as aforesaid upon and for the trusts, intents, and purposes hereinafter declared concerning the to pay rent, same, that is to say : Upon trust to pay thereout the rent re- served and made payable by the said indenture of lease, or to be reserved by any new lease of the said leasehold premises, and all costs, charges, and expenses whatsoever attending the performance of the covenants in such respective leases con- and taxes, tained : And also to pay or allow out of such rents and profits all taxes and other outgoings which shall be payable by the said A. B. as lessee as aforesaid, his executors, administrators, and costs of and assigns, and all costs, charges, and expenses attending the collecting n , • • i • • , , . •, S "" rents, Collecting, recovering, and receiving the said rents and profits ; and also to pay or retain unto or for the use of the said G. H. as a compensation for his care and trouble in collecting and receiving the said rents and profits, so much as -will be equal to sixpence in the pound on the gross amount of the rents and Digitized by Microsoft® MOKTGAGES. 635 profits which he shall so receive as aforesaid : And after the ^^°""- MENT OF payments and allowances aforesaid, upon trust to pay to the .«^g''"'''«- said C. D., his executors, administrators, or assigns, the interest pSy*^te°e^t of such principal moneys as shall for the time being remain momy^''^''' due or owing to him or them on the security of the said in- denture, at the times therein appointed for payment of such interest: And after the several payments and allowances "'"i «'™ *» -, . . ' *' pay surplus atoresaid, upon trust to pay the clear surplus of such rents and ™"Jj„^o^ profits after answering the several trusts or purposes aforesaid unto the said A. B., his heirs, executors, administrators, or assigns : And the said A. B. doth hereby for himself, his covenant heirs, executors, and administrators, covenant with the said gagor, C. p., his executors, administrators, and assigns, that the said A. B., his heirs or assigns, shall not, nor will, whilst any ""' ^ ■''=■ , ,, . ° ■' voke power, money shall remam on the security of the said indenture of even date herewith, without the previous consent in writing of the said C. D., his executors, administrators, or assigns, revoke the power or authority hereby given to the said G. H., or or obstruct hinder or obstruct him or any future receiver or receivers to °'^°'^' be appointed as hereinafter mentioned, in collecting and re- covering the rents and profits of the said mortgaged premises, or any part thereof : And that in case the said G. H., or the "nd that . . anotlier receiver for the time being, shall by reason of any disability be J^f'^,"'' rendered incapable to collect and receive the rents and profits ?f'^™'j^' of the premises, or shall refuse or neglect to collect and receive "ec'^ssity. the same upon the trust aforesaid, or the said C. D., his execu- tors, administrators, or assigns, shall for any cause whatsoever be desirous of removing the said G. H. or other the receiver from the said office, whilst any money shall remain due or owing upon the security of the said indenture of even date herewith, then and in any of such cases the said A, B., his heirs, executors, administrators, or assigns, at his or their own costs and charges, shall and will, at the request of the said 0. D., his executors, administrators, or assigns, remove the said G. H. or such receiver for the time being as afore- said from the said employment of receiver, and shall and will forthwith, either upon his death or upon such his re- moval, appoint some other proper person or persons, to be nominated by the said C. D., his executors, administrators, or assigns, to collect, receive, and apply the rents and profits of the premises upon the trusts aforesaid, and so from time to time as often as the case shall happen, whilst any money shall Digitized by Microsoft® 636 MORTGAaES. ■APPOINT- MENT OF RECEIVER, Power in such case to .to appoint receiver if moHgagor refuses. Receivers to be sub- stituted to liave powers of original receiver. Covenant by reciiver to use best endeavours to receive rents and to apply same properly. Receiver not to be responsible for insol- vency of tenant, &c. remain owing upon the security of the said indenture of even date herewith : And that if the said A. B., his heirs, exe- cutors, administrators, or assigns, owner or owners for the time being of the said mortgaged premises subject to the secu- rity so made thereon as aforesaid, shall refuse or neglect to make such appointment for the space of three calendar months next after the decease, incapacity, neglect, or refusal of the said G. H. or any other receiver to be constituted as aforesaid, or after such desire of removing him as aforesaid, then and in such case, and as often as the same shall happen, it shall be lawful for the said C. D., his executors, administrators, or assigns, if he or they shall think proper, without any further consent on the part of the said A. B., his heirs, executors, administrators, or assigns, or any other person, to appoint some other proper person or persons to collect and receive the said rents and profits, and to stand possessed of the same upon such or the like trusts as are hereinbefore declared of and con- cerning the same : And it is hereby agreed and declared, that all and every such receivers or receiver so to be appointed as aforesaid shall have, or be invested with all such and the like powers and authorities whatsoever, as are hereby given, or intended to be given, to the said G. H. : And the said G. H. doth hereby for himself, his heirs, executors, and ad- ministrators, covenant with the said A. B., his heirs, executors, administrators, and assigns, and also with the said 0. C, his executors, administrators, and assigns : That he the said G. H. shall and will, from time to time, and at all times, whilst he shall continue to act as receiver and collector of the said rents and profits, use his best endeavours to collect and receive such rents and profits pursuant to the trusts and directions aforesaid, and shall and will duly pay and apply the same in manner hereinbefore directed : And it is hereby agreed AND de- clared, that the said G. H., or any future receiver to be appointed as aforesaid, shall not be answerable for any more moneys than what he shall actually receive by virtue of or under these presents, nor for any loss which may happen by the insolvency of any tenant or occupier of the said mortgaged hereditaments, or any part thereof, or for the insufiiciency. of any distress which may be made or taken for any arrears of rent of the said moi-tgaged hereditaments, or any part thereof, nor for any other loss or damage which may happen in rela- tion to such rents and profits, or any of them, or any distress. Digitized by Microsoft® MORTGAGES. 637 APPOINT- MENT OF RECEIVER. action, suit, oi- proceeding, which maj' he made, brought, or carried on for the recovery thereof, so as the same do not happen through the wilful neglect or default of the said re- ceiver : And it is HEBEBY also agreed and declared, Mortgagee that the said C. J)., his executors, administrators, or assigns, resimnsibie shall not bear or sustain, or be chargeable with, or accountable receiver. for, any loss which may happen to the rents and profits of the said mortgaged premises, or any of them, in consequence of the insolvency or misconduct of any tenant or occupier of the same premises, or any part thereof, or of the want or insufficiency of any distress for rent, or otherwise howsoever, nor for any loss which, in consequence of any breach of trust in the said G. H., or any such future receiver as aforesaid, may happen to any moneys that shall have been actually received by him from or in respect of the same rents and profits, which lastly men- tioned loss (if any) shall be wholly borne by the said A. B., his executors, administrators, or assigns : Provided also, These and it is hereby further agreed and declared, that these pre- to incvent sents shall not prevent or be construed to restrain the said f'""' ra"i"a •*■ ^ ^ ^ ^ ill iirinciiial CD., his executors, administrators, or assigns, from suing for "'"»«>■ »' ' ^ o ' ^ o {.j^se of and compelling payment of the said sum of £ and interest, aetuuit. or any part thereof respectively, or from obtaining possession of the said mortgaged premises, or from selling the same, or foreclosing the equity of redemption thereof, in case the said principal sum of £ and the interest thereof, or any part thereof respectively, shall not be paid according to the pro- visions for that purpose contained in the said recited inden- ture of mortgage of even date herewith : Provided never- theless, and it is hereby expressly agreed and declared, that the said G. H, or other the receiver or receivers to be ap-Pf^"™'"' pointed as aforesaid, shall not act under or in exercise of the powers or authorities herein contained, or any of them, until a half-year's interest, or some part of a half-yeai-'s interest of the said principal sum of £' , or of the part thereof for the time being remaining due on the aforesaid security, shall be in arrear and unpaid for the space of months after the same shall become payable according to the said recited indenture bearing even date herewith as aforesaid. In witness, &c. The Schedule referred to in the above-written Indenture. Digitized by Microsoft® Receiver not to act until de- fault in 638 MORTGAGES. OF LAND, WITH >KOVieiON AS TO RECEIVER, Clause to vaiy statutory power of a jpointing receiver XLIX. - Mortgage of Land, with a Provision adopting with certain Variations the Power to Appoint a Receiver, Conferred hy Lord Cranworth's Act (a). THIS INDENTURE, made the day of , Between A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. (mortgagee), of the other part (the same as Precedent No. I., or any oj the preceding Precedents of an ordinary nature, adding at the end the following clause) : Provided always, and it is hereby further agreed and declared, that the power to appoint, or obtain tlie appointment of a receiver conferred upon mortgagees by an Act of Parliament made and passed in the twenty-fourth year of the reign of Her present Majesty, in- tituled " An Act to give to Trustees, Mortgagees, and others, certain powers, now commonly inserted in Settlements, Mort- gages, and Wills " (b), shall, for the purposes of these presents, be, and the same is hereby varied in such manner as to be exercisable, not only at the times and 'in the manner specified in the said Act, but also at any time after any interest on the said principal sum hereby secured shall have been in aiTear for one calendar month after the same shall have become due : Provided also, that any one of the following persons (c), viz., X., of, &c., Y., of, &c., and Z., of, &c., may be appointed a re- ceiver under the powers of the said Act as hereby varied for the purposes of these presents. (a) See Dissertation on Mortgages, suprA, pp. 506, 507. (6) If this Act has been previoTisly referred to, it will be here described as " the said Act made and passed in the 24th year of the reign of Her pre- sent Majesty." (c) It will be desirable to insert at least-three names in order to provide against death and incapacity, as, if all die or become incapable, the right to a receiver may fail, or the nomination may vest in the mortgagor, which is undesirable. Digitized by Microsoft® MORTGAGES. 639 MORTOAOE, WITH No. L. MORTGAGE in Fee, with Power for the Mortgagor to grant Leases for Twenty-one Years, and also powe'iTto Building Leases for Ninety-nine Years. "to^kZI'! THIS INDENTURE, made the clay of , Between parties A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. (mortgagee), of the other part (Recite agreement for loan, supra, p. 516) : NOW THIS INDENTURE WITNESSETH, that, &c. (Grant of freeholds by A. B. to C. D. in foe — proviso for redemption — covenants to pay principal and interest — covenants for title — power to sell the said hereditaments and premises, or any part thereof, "subject nevertheless to such lease or leases (if any) as may have been granted of the same, under the power in that behalf hereinafter contained " — decla- ration of trusts of purchase-money — power to be exercised only in case of default, |.j,g ga^i(j ^ B iiis heirs or assigns, until the said C D., his gagor until . ' notice. heirs or assigns, shall give to the lessee or lessees, or leave at or upon the demised premises a notice in writing requiring him or them to pay the said rent to the said C. D., his heirs or assigns, and also a power.for the said C. D., his heirs and assigns, to enter upon the said premises and distrain for arrears of the said rent so long as the same shall be payable to him or them as aforesaid. In witness, &c. (a) If it is not intended to authorise building leases, the words within brackets will be omitted. Digitized by Microsoft® MORTGAGES. 041 No. LI. MORTGAGE of a Large Estate situate in a Mining mor,o,oe DiSTXiicT, with Power far the Mortgagor to grant ''"L^.ng" Leases for Twenty-one Years and also Building ■ *'""'""'• and Repairing Leases for Ninety-nine Years, and Mining Leases for Sixty Years,— Provisions for setting apart a Proportion of the Rents and Royalties payable under the Mining Leases, and In- vesting same in the Names of Trustees to constitute a Sinking Fund in aid of the Principal Security. THIS INDENTURE, made the clay of , Between Parties. A. B. of, &c. {mortgagor), of the first part, C. D. of, &c. {mort- gagee), of the second part, and E. F. of, &c., and G. H. of, &c. {trustees), of the third part {Recite agreement for loan, supra, p. 516) : NOW THIS INDENTURE WITNESSETH, that &c. {Grant by A. B. to C. D. in fee— proviso for redemption — covenants for payment of principal and interest, and for title, as in Precedent No. I., pp. 516, 517): And it is Power of HEREBY AGREED AND DECLARED, that it shall be lawful for '"'"■ the said C. D., his executors, administrators, or assigns, at any time or times, without any further consent on the part of the said A. B., his heirs or assigns, to sell the hereditaments and premises hereby granted, or expressed so to be, or any part or parts thereof (subject nevertheless to such lease or leases (if any) as may for the time being have been granted of the same, or of the mines thereunder, by virtue of any of the powers in that behalf hereinafter contained), either together or in lots, and either by public auction or private contract, and either with or without special or other conditions or stipulations relative to title or otherwise, with power to buy in the said premises, or any part thereof, at any sale by auction, and to rescind or vary any contract for the sale thereof, and to resell the same without being answerable for any loss or diminution in price, and with power also to execute assurances, give receipts for the purchase- money, and do all other acts and things for completing the sale which he or they may deem proper : And it is hereby- on sales DECLARED, that upon any such sale as aforesaid, the surface of Ln^ ma' VOL. I. T T Digitized by Microsoft® 642 MORTGAGES. MORTGAGE WITH AMPLE LEA^^IHG POWERS. any of the lands hereby granted may be sold without the mines thereunder, or the mines under any of the said lands may be mines there- ®°^*^ without the surface of the same lands, and in either of the • be'sow""'^ said cases there may be reserved to the vendor, or granted to Bcparatoiy. ^jjg purchaser (as the case may require), such powers, privileges, and easements for the purpose of working the mines so reserved or granted, as the case may be, for getting and carrying away the produce thereof, or otherwise in connection with the mines as may be thought desirable or convenient {Tnosts of purchase- vioney — power to be exercised only in case of default, °eS"'^ trators of such survivor, their or his assigns, at any time or to sou jirtM- times after the said day of , without any consent on day. the part of the mortgagors, their executors, administrators, or assigns, to grant such general or special and other licence or licences to exercise and use the said premises firstly herein- before assigned, or expressed so to be, for such term, on such conditions, and in such manner as they or he shall think fit ; and also to sell the said premises firstly and secondly hereinbefore assigned, or expressed so to be, or any part or parts thereof, either together or in lots, and either by public auction or private contract, and either with or without special or other conditions or stipulations, with power to buy in the said pre- mises, or any part thereof, or to rescind any contract for the sale thereof, and to resell the same from time to time without being answerable for any loss or diminution in price, and with power also to execute assurances, give effectual receipts for the purchase money, and do all other acts and things for com- pleting the sale which the persons or person selling as aforesaid shall think proper : And it is hereby declared, that the neciai-ation persons or person selling as aforesaid shall, with and out of tlie moneys, &c. moneys to arise from such sale, and from the granting such licences as aforesaid, in the first place pay and retain the costs and expenses attending such sale or otherwise incurred in relation to this security, and in the next place pay and satisfy the moneys which shall then be owing on the security of these presents, and shall pay the surplus (if any) to the mortgagors, theii- executors, administrators, or assigns : Provided always ^o™o that and it is hereby declared, that unless the said agency of the ^ency mortgagees created by the said recited agreement of even date — '^^.^ herewith shaU be sooner determined, the mortgagees, or the *f.»o' survivor of them, or the executors or adminLstrators of such l^^^^l^ Digitized by Microsoft® 664 MOKTGAGES. OF LETTERS- PATENT TO SEVERAL WHO MAKE j'.DVANCES ON A JOINT -ACCOUNT. jiower of sale, or liceusing before a given day. Purchaser and licensees not to be affected by last proviso. Powers may be exercised by any per- son entitled to give a dischatge for mortgage moneys. survivor, their or his assigns, shall act nor will call in or compel payment of the moneys for the time being owing on the security of these presents, and shall not nor will grant any licence of the said premises firstly hereinbefore assigned, or expressed so to be, nor exercise the aforesaid power of granting licences or of sale until the expiration of the letters-patent, and in the event of the same being extended, until the expiration of such extension : Provided also, that upon any licence or sale m^ide in pursuance of either of the aforesaid powers in this behalf the licensee or purchaser shall not be bound or con- cerned to see or inquire whether the said agency has deter- mined, or whether any money remains owing on the security, of these presents, or otherwise as to the propriety, necessity, or regularity of such licence or sale, or be bound by notice that the said agency had not determined, or that no moneys were then owing as aforesaid, or that the licence or sale is otherwise unnecessary, irregular, or improper : And it is hereby also DECLARED, that the aforesaid powers of granting licences and of sale respectively may be exercised by any persons or person for the time being entitled to receive and give a discharge for the moneys then being due and owing on the security of these presents. In witness, &c. No. LVIII. or RE- VERSIONARY IKTERE8T IN STOCK AND ANNUITY, Parties, Eecitc settlement by which mortgagor is entitled to rever- sionary interest in MORTGAGE of a Reversionaey Interest in Stock belonging to the Mortgagor, and of an Annuity belonging to his Wife, to secure an Existing Debt and future Advances. THIS INDENTURE, made the day of , Between A. B. of, &c. (mortgagor), of the first part, 0. B. (the wife of the said A. B.), of the second part, and E. F. of, &c. (mort- gagee), of the third part : Whereas, &c. (Recite the settle- ment and events under and by means of ivhich A. B. is entitled to the sum of £ £3 per cent. Reduced Annuities expectant upon the death of T. P. Recite also the will of Digitized by Microsoft® MOKTGAGES. 665 OF RE- VERSIONARY INTEREST IN STOCK AND ANNUITY. X. Y., giving an annuity of £500 to C. B., then C. D., for her life — death of testator and probate of will) : And whereas, by an iDdenture dated the day of , and made between the said A. B. of the first part, the said C. B. (then C. D.), of gjock and the second part, and G. H. and I. K. of the third part (being ^^^™^^^ the settlement made in contemplation of the marriage then ^^^fjl intended and shortly afterwards solemnized between the said settlement A. B. and the said C. D. ), the said C. D. with the privity of the of mort- said A. B., did assign the said annuity of £500 unto the said iHswife, G. H. and I. K., their executors, administrators, and assigns, annuity is PI/. 11 •• 1 settled to upon trust from and after the solemnization of the said then sepaiatc ^ ^ ^ ^ . use of wife. intended marriage for the said C. D. for her separate use free from the control of the said A. B. : And whereas the That moit- said A. B. is now indebted to the said E. F. in the sum of&btedto £ , and the said A. B. and C. his wife have respectively and a*gre'e-' agreed that the repayment thereof and of such further sums security for 1 p 11 11 1 'iT-i-ri nvxih debt as may hereafter be advanced by the said K i<. to or on account and future fl.(l.Vfl11CGS of the said A. B., with interest for the same respectively, shall . be secured in manner hereinafter expressed : NOW THIS IN- First wit- DENTUKE WITNESSETH, that in pursuance of the afore- IS!"^ said agreement, and in consideration of the sum of £ , so due and owing from the said A. B. to the said E. F. as aforesaid, the said A. B. doth hereby for himself, his heirs, executors, and administrators, covenant with the said E. F., his executors, administrators, and assigns, That the said A. B., his heirs, Covcnaut , . . . -11 1 1 by moi-t^ executors, administrators, or assigns, will on the day of gagor to pay pay unto the said E. F., his executors, administrators, or interest, assigns, the sum of £ , with interest for the same in the to repay o ' further meantime after the rate of £5 per cent, per annum : And if ^^JJ""^' the said sum of £ shall not be paid on the said day invest. of next, then will pay to him or them interest after the rate aforesaid for the said sum of £ , or so much thereof as shall for the time being remain unpaid, by equal half-yearly payments, on the day of and the day of in every year, until the said principal sum shall be fuUy paid : And also will on demand repay to the said E. F., his exe- cutors, administrators, or assigns, such sum or sums of money as may hereafter be advanced by the said E. F., his executors, administrators, or assigns, to or on account of the said A. B., not exceeding together the sum of £ : And will until such repayment pay interest on the sum or sums which shall have been so advanced as last aforesaid, after the rate aforesaid, Digitized by Microsoft® 666 MORTGAGES. OF RE- VERSIONARY INTEREST IN STOCK AND ANNUITY. Second witnessing part. Mortgagor assigns his reversionary took to mort- gagee. Third wit- nessing part. Mortgagor's wife assigns her annuity to mort- Proviso for redemption. computed from the time or respective times of advancing the same, the first of such payments of interest to be made on such of the hereinbefore mentioned half-yearly days as shall first happen after the principal money shall have been advanced, and all subsequent interest to be paid by equal half-yearly pay- ments on the said half-yearly days respectively : AND THIS INDENTUKE FURTHER WITNESSETH, that in further pursuance of the said agreement, and for the consideration aforesaid, the said A. B. doth hereby assign unto the said E. ¥., his execufors, administrators, and assigns, All that the said sum of £ £3 per cent. Reduced Annuities comprised in and settled by the said indenture of the day of as afore- said, and the stocks, funds, and securities for^ the time being representing the same, and the dividends, interest, and annual produce thereof : And all the right, title, interest, claim, and demand whatsoever of the said A. B. to in and upon the same : Together with full power to sue for and give effectual receipts and discharges for the same, in the name of the said A. B. or otherwise : To HAVE, receive, and take the said stock and premises hereinbefore assigned, or expressed so to be (subject to the estate and interest therein of the said T. P. for his life as aforesaid), unto the said E. F., his executors, 'administrators, and assigns, subject to the proviso for redemption hereinafter con- tained : AND THIS INDENTURE ALSO WITNESSETH, that in further pursuance of the said agreement, and for the consideration aforesaid, the said C. B. doth hereby assign unto the said E. F., his executors, administrators,- and assigns. All that the said annuity of £500, bequeathed to the said 0. B. by the said will of the said X. Y. as aforesaid : And ALL the RIGHT, title, interest, property, claim, and demand whatsoever of the said C. B. to in and upon the said annuity, Together with full power to sue for and give effectual receipts and dis- charges for the said annuity, in the name of the said C. B. or otherwise : To HOLD, receive, and TAKE the said annuity and premises lastly hereinbefore assigned, or expressed so to be, unto the said E. F., his executors, administrators, and assigns, subject to the proviso for redemption hereinafter contained : Provided always, that if the moneys hereinbefore covenanted to be paid by the said A. B., his heirs, executors, or administrators, shall be duly paid at the times and in the manner mentioned in that behalf in the foregoing cove- nant, then and in silch case the assignments hereinbefore- made Digitized by Microsoft® MORTGAGES. 667 shall be void : And the said A. B. doth hereby for himself, °' ''^■' his heirs, executors, and administrators, covenant with the said interest IN STOCK E. F., his executors, administrators, and assigns, that the said ^^^^ A. B. and C. his wife respectively, now have good right to poygnants assign the said premises hereby assigned by them respectively, ^J ^°^^ or expressed so to be, unto the said E. F., his executors; ad- *'*'°- niinistrators, and assigns, in manner aforesaid, free fro\n incum- brances : And further that the said A. B. and C. B. respec- tively, and all other pei'sons claiming any estate or interest in the premises respectively, will at all times hereafter, at his, her, or their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, execute and do, or cause to be executed and done, all such assurances and acts for the further and more effectually assuring the said premises hereby respectively assigned, or expressed so to be, unto the said E. F., his executors, adminis- trators, and assigns, in manner aforesaid, as shall or may be reasonably required ; And it is hereby agreed and de- power of GLARED, that it shall be lawful for the said E. F., his executors, administrators, or assigns, at any time or times, without any further consent on the part of the said A. B. and C. his wife, or either of them, or the executors, administrators, or assigns of them, or either of them, to sell the said sum of £ £3 per cent. Reduced Annuities, annuity' of £500, and other the premises hereinbefore respectively assigned, or expressed so to be, or any of them, or any part or parts thereof respectively (and as to the said sum of £ £3 per cent. Reduced Annuities, either during the lifetime of the said T. P., or after his decease), and as to all the said premises either by public auction, &c. (power of sale, supra, p. 517): And it is hereby agreed Trusts of AND DECLARED, that the Said E. F., his executors, adminis- money, trators, and assigns, shall, with and out of the mone3's to arise from any such sale as aforesaid, in the first place pay and retain the costs and expenses attending such sale or otherwise in- curred in relation to this security, and shall in the next place apply the said moneys in satisfaction of the moneys which shall then be owing on the security of these presents, and shall then pay the surplus (if any) of the said sale moneys, so far as such surplus shall have arisen from the sale of the said sum of £ £3 per cent. Reduced Annuities, unto the said A. B., his executors, administrators, or assigns, and so far as the same shall have arisen from the sale of the said annuity of Digitized by Microsoft® 668 MORTGAGES. VERSTONARY INTEREST IN STOCK AND JNART ^500 unto the said C. B._ for her separate use (Power to he exercised only in case of default, annum, computed from the date of these presents, or so much "thereof respectively as shall then remain unpaid, together with any further sum or sums of money which may hereafter be advanced by the said E. F. to the said A. B. and C. his wife, or which the said E. F., his executors, administrators, or assigns may pay in or about the keeping on foot the aforesaid policy of assurance, with interest thereon after the rate aforesaid, computed from the day or respective days of advancing the same, and in case any money shall remain after making all such payments as afore- andpay said, then to stand possessed thereof upon trust for the said Sgago?'s C. B., her heirs and assigns: AND THIS INDENTURE ae^nd ALSO WITNESSETH, that in further pursuance of the said wrtnessmg agreement, and for the consideration aforesaid, the said A. B. and C. his wife do hereby assign unto the said E. F., his exe- Mortgagor cutors, administrators, and assigns. All that the share and assl^'^ interest of the said 0. B., or of the said A. B. in her- right, of tingent™" and in the said sum of £1000 bequeathed by the said will of legacy '" the Said , contingent as aforesaid {And all the right, dc.) : g"ige"" To HAVE, EEOEIVE, AND TAKE the Said share and interest hereinbefore assigned, or expressed so to be, of and in the said Digitized by Microsoft® MORTGAGES. 671 contingent legacy and premises, unto the said E. F., his exe- o^t^t^s cutors, administrators, and assigns, upon the trusts hereinafter lTgac?!"™d declared concerning the same : And it is hereby agreedi and tJsra^c^ DECLARED, that the said E. P., his executors, administrators, or Declaration assigns shall receive all moneys (if any) to become payable in g^^"^i respect of the share hereby assigned of and in the said sum of |°'genr' £1000, and also all moneys (if any) to become payable under or Seya^to by virtue of the said policy of assurance, and shall stand possessed payaue of the moneys so received upon the same trusts as are herein- policy. before declared concerning the moneys to arise from a sale of the uponiike , " "^ trusts as undivided share hereinbefore assured of and in the said here- ™?neys '« aviso from ditaments under the aforesaid trust in that behalf, except that of'uimis''"™ the surplus (if any) of the moneys, the trusts whereof are now being declared, shall go to the said C. B., her executors, ad- ministrators, or assigns : And the said A. B. doth hereby for covenants . . . , *' by niort- himself, his heirs, executors, and administrators, covenant with sasor !■" . . . . liaypnn- the said E. F., his executors, administrators, and assigns. That he ^XJcs"^ the said A. B., his heirs, executors, or administrators, will at any time hereafter, upon demand, pay to the said E. F., his executors, administrators, or assigns, the said aggregate sum of £300, with interest thereon, after the rate of £ per cent, per annum, computed from the date of these presents, and also any further sum or sums of money which may be hereafter advanced by the said E. F., his executors, administrators, or assigns, to the said A. B., or the said C. his wife, or which the said E. F., his exe- cutors, administrators, or assigns, may pay in or about the keeping on foot the said policy, with interest for the same after the rate aforesaid, from the time or respective times of advancing or paying the same, all such interest, as well upon the said sum of £300 as upon any such further advances or payments as aforesaid, to be paid half-yearly on the day of , and the day of in every year : And further, and for that they the said A. B. and C. his wife, now have good right to grant and assign the several shares and premises hereby granted and assigned respectively, or expressed so to be, unto the said E. F., his heirs, executors, administrators, and assigns, in manner aforesaid free from incumbrances : And further that the said A. B. and C. his wife respectively, and their respective heirs, executors, and administrators, and all other persons claiming any estate or interest in the premises respectively, will at all times hereafter upon the request of the said E. F., his executors, administrators, or assigns, but at the cost of the said A. B., his Digitized by Microsoft® 672 MOETaAGES. Proviso as to order of liability of several securities inter se. OF A SHABE executors, administriitovs, or assigns, until the same shall be OF LANDS IN ' J & J LE™oY"jun3 ^'^^^ under the power of sale hereinbefore contained, and after "abctrahoe^ the same shall be so sold of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts and assurances for further and more effectually granting and assigning the said premises hereby respectively granted and assigned, or expressed so to be, or any of them, unto the said E. F., his executors, administrators, and assigns, in manner aforesaid, as shall or may be reasonably required : Provided ALWAYS, and it is hereby agreed between the said A. B. and C. his wife (but without prejudice to the rights and remedies of the said E. F., his executors, administrators, and assigns), that the moneys to become payable under the said policy of assurance, and the share and interest of the said A. B. in the said legacy or sum of £1000, and the moneys to arise from the sale of the said undivided share or shares of and in the said hereditaments aforesaid, shall in equity be considered respectively the first, second, and third funds, and shall be applicable successively in such order, so far as the same will extend, for or towards pay- ment of the said principal sum of £300, and the interest thereof, and all other moneys to become due and owing on the security of these presents, and the interest thereof, to the intent that the said A. B., his heirs, executors, and administrators, and his and their estate and effects may be, as far as possible, exonerated therefrom. In witness, &c. Indorsement to be made on the above Deed on the occasion of a Further Advance. We hereby acknowledge to have this day received from the within-named E. F., the sum of £ , being a further sum advanced on the within-men- tioned security. Dated this day of A. B. C. B. Digitized by Microsoft® MORTGAGES. 673 No. LX. MORTGAGE of Reversionary Interest in a Share of <" »«^- Personal Estate under a Will, — Covenants hy the 'fj'^^j^-^ Father of Mortgagor, and hy his Mother with a "°''*''^^- View to hind her Separate Estate, to pay the In- terest, hy way of additional Security. THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. (mortgagor), of the first part, C. D. of, &c., and E., his wife (the father and mother of the said A. B.) of the second part, and G. H. of, &c. (mortgagee), of the third part : Whereas under the will of L. M., late of , deceased, dated ^fif ^„der the day of , and duly proved in the principal registry g^oM™"'*" of the Probate division of the High Court of Justice, the said oSe-ttM?>f A. B. is beneficially entitled to one equal third part or share of estate!"^ the residuary personal estate and effects late of the said L. M., deceased, in reversion or remainder expectant on the decease or marriage again, whichever shall first happen, of N. 0. : And ^™'',^ "f^ WHEREAS part of the residuary personal estate and effects late of es£te^con-' the said L. M., or of the investments of the produce thereof, ^'''*"- consists of the sum of f £3 per cent. Consolidated Bank Annuities, now standing in the names of X. Y. and Y. Z., as the present trustees of the said will : AND WHEREAS neither the nemainaer .of personal amount nor the particulars of the remainder (if any) of the estate not ^ \ ./ / ascertained. residuary personal estate and effects late of the said L. M., deceased, can at present be ascertained (Agreement for loan, ^f^™^"* suprd, p. .516) : NOW THIS INDENTURE WITNESSETH, s^"" that in pursuance of the said agreement, and in consideration, ^rt"'*^'"* &c. (the receipt, de.), he the said A. B. doth hereby assign unto considera- the said G. H., his executors, administrators, and assigns. All ^gignment THAT the one equal third part or share of him the said A. B. "'Sy under or by virtue of the said will of the said L. M., deceased, on'd^h*or expectant as aforesaid, of and in the said sum of £ £3 per Sf*™^f cent. Consolidated Bank Annuities, and of and in all other (if any) the residuary personal estate and effects of the said L. M., deceased, and the proceeds thereof, and of and in the stocks, funds, and securities in or upon or of which the same or any part thereof may be invested or consist, or by which the same VOL. I. XX Digitized by Microsoft® 674 MORTGAGES. OF RE- VERSIONAJRY INTEREST IN PER- SONALTT. Habendum to mort- Provlso for redemption. Covenant by mort- gagor to pay prin- cipal and intetost, and for title. Covenants by father and mother of mort- gagor to pay the interest in case of default. may be represented, howsoever the same respectively may be invested, circumstanced, secured or described, and the income and accumulations thereof respectively : And all the right, &c. : To HAVE, RECEIVE, AND TAKE the share and premises hereinbefore assigned, or expressed so to be, unto the said G. H., his executors, administrators, and assigns, subject to the proviso for redemption hereinafter contained (that is to Say), Provided always, that if the said A. B,, his heirs, executors, administrators, or assigns shall, on the day of next, pay to the said G. H,, his executors, administrators, or assigns, the sum of £ , with interest thereon after the rate of £5 per cent, per annum, to be computed from the day of the date hereof, then and in such case the said G, H,, his executors, administrators, or assigns shall and will, upon the request and at the cost of the said A. B,, his executors, adminis- trators, or assigns, re-assign the said share and premises hereby assigned, or expressed so to be, unto the said A. B., his execu- tors, administrators, and assigns, or as he or they shall direct {Covenant hy A. B. for payment of principal money and in- terest, suprd, p. 516) : And also that he the said A. B. now hath good right to assign the said share and premises hereby assigned, or expressed so to be, unto the said G. H,, his executors, administrators, and assigns, in manner afore- said, free from incumbrances : And that he the said A. B,, and all other persons lawfully or equitably claiming any interest in the said share and premises hereby assigned, or expressed so to be, or any part thereof, will at all times here- after, at his or their own cost, until the same shall be sold under the power of sale hereinafter mentioned, and at the cost, after the same shall be so sold, of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more effectually assuring and confirming the said share and premises hereby assigned, or expressed so to be, unto the said G. H,, his executors, adminis- trators, and assigns, and also for enabling him and them to receive, recover, and enforce the payment of the same respec- tively as shall or may be reasonably required (Power of Sale in case of defoAilt, and subsidiary clauses) : And in PURSUANCE OF THE SAID AGREEMENT in this behalf, he the said C. D. DOTH hereby for himself, his heirs, executors, and administrators, and as a separate covenant, and with the view and intention of binding her separate estate, the said E. D. doth hereby for her- Digitized by Microsoft® MORTGAGES. 675 self, her heirs, executors, and administrators, covenant with the °^ ^^^ •J /~( TT 1 • -1 . . VEBSI0NAR1 said (jr. H., his executors, administrators, and assigns, that in ™"p^J case and as often as the said A. B., his heirs, executors, adminis- °°''*''"- trators, or assigns, shall neglect or fail to pay the interest on the said sum of £ , or any part thereof, for the space of fourteen days next after the respective days hereinbefore appointed for payment of such interest, they the said C. D. and E. his wife, or one of them, shall and will pay the interest on the said sum of ■£ , or so much of such interest as the said A. B., his heirs, executors, administrators, or assigns, shall so for the time being have neglected or failed to pay. In witness, &c. No. LXI. MORTGAGE by Tenant for Life and Reversioner of their interests in a Residuary estate wnder a Will. MOttTOAOE BY TENANT FOR LIFE AND REVEil- The Reversioner joins as Surety. ^^°^^'^ °^ RfiJIDUARY ESTATli UNDER A THIS INDENTURE, made, &c., Between A. B. of, &c. will. {mortgagor), of the first part, 0. D. of, &c. [surety), of the parties. second part, and E. F. of, &c. (mortgagee), of the third part (Recite ivill of G. H., whereby, after making certain devises and win of bequests, he gave all the residue of his real and personal estate ws death, to trustees wpon trust for sale and conversion, to invest proceeds, ofthewiu, and pay income to A. B. his wife for her life, and on her death to divide the principal between sons attaining twenty-one, and daughters attaining twenty -one or marrying, in equal shares — Death of testator and probate of his will) : And whereas there tS? hid**' were issue of the said G. H. two children and no more, and the dSlrtn" said 0. D. is one of such children, and he has attained the age revei^oner of twenty-one years : And whereas the said E. F. hath agreed '^ ''°*' to lend to the said A. B. the sum of £ , on having the re- payment thereof with interest secured to him in the manner hereinafter expressed : A!nd whereas the said C. J), hath TeraiSner agreed to join in these presents as surety for the said A. B. in tojom^s manner hereinafter mentioned : NOW THIS INDENTURE ''"'*^- WITNESSETH, that in pursuance of the aforesaid agreement, Digitized by Microsoft® 676 MORTGAGES. MORTGAGE BY TENANT FOB LIFE AND REVEE- SIONER or RESIDUARY ESTATE UNDER A WILL. Considera- tion. Tenant for lifn and re- versioner assign life interest and rever- sion to mort- subject to proviso for redemption. Proviso for redemption. Joint and several covenants by tenant for life and reversioner to pay prin- cipal and interest. ' and in consideration of the sum of £ to the said A. B. now paid by the said E. F. (the receipt, dc), the said A. B. as to the life estate, interest, and property firstly hereinafter de- scribed or referred to, and the said 0. D. as to the moiety and _ property secondly hereinafter described or referred to, do hereby respectively assign unto the said E. F., his executors, adminis- trators, and assigns, Fibst all the estate and interest of the said A. B. for her own life under or by virtue of the said recited will in the residuary real and personal estate thereby devised and bequeathed, and in the monies produced and to be produced by the sale and conversion thereof, and in the stocks, funds, securities, and properties of which the same re- spectively may for the time being consist, or by which the same respectively may for the time being be represented : And SECONDLY ALL that the One undivided moiety or equal half part of the said C. D., under or by virtue of the said recited will ex- pectant on the decease of the said A. B., in the same residuary real and personal estate, monies, stocks, funds, securities, and properties {and all the estate, dc.) : To have and to hold the life estate and interest, moiety or equal half part and other the premises hereby assigned, or expressed so to be (hereinafter called " the premises hereby assigned "), unto the said E. F., his executors, administrators, and assigns, subject nevertheless to the proviso for redemption hereinafter contained : Provided ALWAYS, that if the said A. B. and C. D., or either of them, or the heirs, executors, administrators, or assigns of them, or either of them, shall on the day of , pay to the said E. F., his executors, administrators, or assigns, the sum of £ , with interest for the same after the rate of £ per cent, per annum, computed from the date of these presents, then and in such case the premises hereby assigned, or ex- pressed so to be, shall at any time thereafter, at the request of the said A. B. or her assigns, or of the said C. D., his execu- tors, administrators, or assigns, but at the cost of the said A. B., her heirs, executors, or administrators, be reassigned to the said A. B. or her assigns, and the said C. D., his executors, adminis- trators, and assigns, according to their respective estates and interests respectively, or as they respectively shall direct : -AlND the said A. B. and C. D. do hereby for them- selves, and each of them doth hereby for herself and himself, and her and his heirs, executors, and administrators, covenant with the said E. F,, his executors, administrators, and assigns, Digitized by Microsoft® MORTGAGES. 677 that they the said A, B. and C. D., or one of them or the mo«toage , . ... ' BY TKNANr neirs, executors, administrators, or assigns of them, or one of ™'' """^ them, will (Covenant to pay principal money and interest, H^f^^y suprd, p. 516) : And the said A. B. as to the life estate, „^}r^ , ' UNDER A interest, and premises firstly hereinbefore assigned, and the ^"■'- said C. D. as to the moiety and premises secondly hereinbefore t^^nan? assigned, do hereby for themselves respectively, and for their '■"■"'''? *°"i , L ■/ ' 6 vers 101161' respective heirs, executors, and administrators, covenant with the said E. F., his executors, administrators, and assigns, that the said A. B. and C. D. now have good right to assign the tor right to premises hereby assigned, or expressed so to be, unto the said*"''*^' E. F., his executors, administrators, and assigns, in manner aforesaid: And that free from all incumbrances: And free from FURTHER that the said A. B. and C. D. respectively, and all £";, other persons having or lawfully or equitably claiming any in- Jjif'"' terest in the premises hereby assigned, or expressed so to be, "ssuranoo. or any part thereof, shall and will at all times hereafter, upon the request of the said E. F., his executors, administrators, or assigns, and at the cost during the continuance of this security of the said A. B. and C. D., or one of them, or the heirs, execu- tors, administrators, or assigns of them, or one of them, and afterwards of the person or persons requiring the same, do and execute [Covenant for further assurance, see suprd, p. 672) : And it is hereby declared, that it shall be lawful for the Power of said E. F., his executors, administrators, or assigns, at any time ^^°' or times, without any further consent on the part of the said A. B. and C. D., or either of them, or of any other persons or person, to sell the premises hereby assigned, or expressed so to be ( Power of Sale, see suprd, p. 517) : And it is hereby Deoiara- DECLARED, that the said E. F., his executors, administrators, ^^^o monies. or assigns, shall with and out of the monies to arise from any such sale as aforesaid, in the first place pay and retain the costs and expenses attending such sale, or otherwise incurred in relation to this security, and in the next place pay and satisfy the monies which shall then be owing upon the security of these presents, and shall pay the surplus (if any) to the said A. B. and C. D. respectively, or their respective executors, ad- ministrators, or assigns, according to their respective estates and interests therein: Provided always, and it is hereby Power declared that the aforesaid power of sale shall not be exercised exercised until after unless default is made in payment of the said sum of £ , or <»'^in , . If in -1 events. the interest thereof, or some part thereof respectively, on the Digitized by Microsoft® 678 MORTGAGES. MORTOAGE BY TENANT FOB LIFE said day of , and also for the space of six calendar AN™KEVEE- months next after a notice in writing requiring such payment, KEsiDUARy shall by or on behalf of the said E. F,, his executors, adminis- UNDEB A trators, or assigns, have been given to the said A. B. and C. D., '■ — or one of them, or the heirs, executors, or administrators of them, or one of them, or left at the usual or last known place or respective places of abode in England or Wales, of the said A. B. and C. D., or one of them, or the heirs, executors, or administrators of them, or one of them, or unless default shall be made in some half yearly "payment of interest, or some part thereof, for the space of three calendar months after the time hereby appointed for such payment {Purchaser not hound to inquire as to default, dc, see suprd, p. 518 — Proviso that for- bearance by mortgagee shall not affect liability of surety, suprd, p. 578.) In witness, &c. No. LXII. AGKEEMENT AGREEMENT for Mortgage of Freehold and Lease- tor '' "^ MORTGAGE. HOLD PROPERTY accompanied by deposit of Lease. Parties. THIS INDENTURE, made the day of , Between A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. f°eement' ("mortgagee), of the other part : Whereas the said A. B. hath for advance, requested the said C. D. to lend him the sum of £3000, which the said C. D. hath agreed to do upon having the repayment thereof with interest secured to him by a mortgage of the free- hold hereditaments at , in the county of , described in the schedule hereto, and by an equitable mortgage of certain leasehold premises at , in the county of , held under an indenture of lease; dated the day of ' , and made between of the one part, and of the other part, and by such further stipulations in relation thereto as are herein- That title after contained : And whereas the title to the said freehold has not been hereditaments cannot be forthwith made out and investigated, gated. but the said A. B. having immediate occasion for the sum of £1000, part of the said sum of £3000, hath requested the said C. D. to advance him the same at once, and as an inducement Deposit of to him so to do hath deposited with him the said indenture of lease (as he the said C. D, doth hereby acknowledge), and hath Digitized by Microsoft® lease. MORTGAGES. 679 also agreed to execute these presents : NOW THIS INDEN- aqeeemest TURE WITNESSETH, that in consideration of the sum of '">«^°^««- £1000 (part of the said intended loan of £3000) to the said J^°'™« A, B. paid by the said 0. D. on or immediately before the Mortgagor, execution oi these presents [the receipt, c&c), and also in con- sideration sideration of the further sum of £2000 (residue of the said in- advance, covenants tended loan of £3000) which is intended to be advanced by the that lease said C. D. to the said A. B. on the execution of the mortgage ofseeanty, the freehold hereditaments hereinafter mentioned, he the said A. B. doth hereby for himself, his heirs, executors, administrators, and assigns, covenant with the said C. D., his executors, adminis- trators, and assigns, that the said indenture of lease, and the said leasehold hereditaments and premises comprised therein shall be a security for the payment to the said C. D., his executors, administrators, and assigns, by the said A. B., his heirs, executors, or administrators, as well of the said sum of £1000, with interest for the same after the rate of £ per cent, per annum, to be computed from the date of these presents, as also of the said further sum of £2000, residue of the said intended loan of £3000, with interest for the same, after the rate aforesaid, to be computed from the time or respective times of lending the same ; and also that the said A. B. shall and will, ^'\^l\^ within one calendar month from the date hereof, at the expense {^°|*}^°.*° of him the said A. B., his heirs, executors, or administrators, deduce and show a good and marketable title to the said free- hold hereditaments for an estate of inheritance in fee simple in possession, free from incumbrances, and will, upon receipt of the said sum of £2000, the residue of the said intended loan, by all such assurances and other acts in the law as the said C. D., his executors, administrators, or assigns shall require, convey, and assure the said freehold hereditaments unto the said C. D., his ^°^f1™" heirs and assigns, or to such person or persons as he or they mortgagee, shall appoint, by way of mortgage, for further and better securing to the said C. D., his executors, administrators, and assigns,- the repayment of the said sum of £3000, with interest for the same after the rate aforesaid ; and such assurance or assurances by Mortgage to contain a way of mortgage, or some or one of them, shall contain proper clause not covenants for payment of the principal money and interest there- or ™u in. by secured at the expiration of six calendar months from the date thereof, but nevertheless with provisions restraining the mort- gagor and his representatives from paying off the same within Digitized by Microsoft® 680 MOETGAGES. AQREEMENT FOR MORTGAGE. Coveuant by mort- gagor to pay rent and observe covenants in lease ; and to execute an underlease or assign- ment in case of default. These presents to be a good equitable security. three years, and the mortgagee or his representatives from calKng in the same withinfive years from the date thereof, unless default shall be made in regular paymentof the interest on the half-yearly days of payment to be therein specified, or within twenty-one days after the same respectively : And ALSO that he the said A. B., his heirs, executors, administrators, or assigns, shall and will during the continuance of the security hereby agreed to be made, well and truly pay, observe, and perform the rent and covenants by and in the said indenture of lease of the day of reserved and contained, And further, that if default shall at any time be made in payment of the interest on the said principal sum of £3000, or any part thereof, for twenty-one days after either of the said half-yearly days of payment, then and in such case he the said A. B., his executors, administrators, or assigns, shall and will, within one calendar month next after he shall have been requested so tp do, execute an assignment or underlease of the said leasehold hereditaments to the said C. D., his executors, administrators, and assigns, or as he or they shall appoint, by way of mortgage, for further and better securing to him or them the repayment of the said sum of £3000, with interest for the same after the rate and in the manner aforesaid, and with such provision, if any, for not paying off and not calling in the said principal sum as shall for the time being be subsisting under or by virtue of the said mortgage, assurance, or assurances so to be made of the said freehold hereditaments as hereinbefore is mentioned: And the said A. B. doth hereby for himself, his heirs, executors, and adminis- trators, further covenant with the said C. D., his heirs, executors, administrators, and assigns, that in the meantime and until the several assurances shall be made and executed as aforesaid, these presents shall enure as a good equitable mortgage of all the said freehold and leasehold hereditaments and premises for securing to the said C. D., his executors, administrators, and assigns, the said sum of £3000, or so much thereof as shall for the time being have been actually advanced by him or them to the said A. B., and the interest thereof after the rate aforesaid, and also as a covenant by the said A. B., for himself, his heirs, executors, and administrators, for the repayment thereof respectively. In witness, &c. The Schedule referred to in the above-written Document. Digitized by Microsoft® MORTGAGES. 681 No. LXIII. MEMORAN- DUM OF MEMORANDUM of Deposit of Title Deeds to secure a given SuM, and Charge on the Property comprised dbI-osit in the Documents deposited, cmd Agreement to deem. . execute Legal Mortgage if required. MEMORANDUM OF AGREEMENT, made and entered into this day of , Between A. B. of &c. (mortgagor), of the one part, and C. D. of, &c. (mortgagee), of the other part : It is hereby agreed between the parties hereto, that Agreement in consideration of the sum of £ to the said A. B. paid by deeds com- , •i/--iT\ !/• !• !• 1 ■ 1 prised in the said U. D. on or before the signature of this agreement, the schedule 1 , . , 1 • • . , . shall lie deeds, evidences, and writings comprised in the schedule hereto security ^ for given (and which the said A. B. has this day deposited with the '"™- said G D.), shall henceforth be held by the said C. D. as an equitable security for the payment by the said A. B. to the said C. D., on the day of next, of the sum of £ , together with interest thereon, after the rate of £ per cent. per annum, to be computed from the date hereof: And the ^^'^^^^ SAID A. B. doth hereby charge all the hereditaments and pre- ^o^'^^^ raises comprised in the said deeds, evidences, and writings fj^^ respectively, with the payment to the said C. D. of the said sum of £ , and of the interest thereon after the rate afore- said : And doth also agree at any time or times during the ^^o"™* continuance of this security, upon the request of the said C. D., fjfeat^a but at the cost of the said A. B., to execute to the said C. D. ^^fe"n^ a legal mortgage of the said hereditaments and premises Iqi^i"** such form and with such power of sale, and other provisions as the said C. D. may require for further securing the payment as aforesaid of the money which shall then be owing upon the security of this agreement, with interest for the same after the rate aforesaid. In witness, &c. The Schedule referred to in the above-written Indenturk Digitized by Microsoft® 682 MORTGAGES. No. LXIV. MEMORAN- DUM OF DEPOSIT OF TITLE DEEDS TO SECURE FUTURE ADVANCES. Agreement that title deeds com- prised in schedule shall be security for given sum and future advances. Charge on the property comprised in the deeds. Agreement by moi-t- gagor to execute legal mort- gage on request. MEMORANDUM of Deposit of Title Deeds, to secure a given Sum and future Advances, and Charge on the Peoperty comprised in the Documents deposited, and Agreement to execute Legal Mortgage ij required. MEMORANDUM OF AGREEMENT, made and entered into this day of , Between A. B. of, &c. (mortgagor), of the one part, and C. D. of, &c. (mortgagee), of the other part : It ts hereby agreed between the parties hereto, that in con- sideration of the sum of £ to the said A. B. paid hy the said C. D. on or before the signature of this agreement, and in consideration of such further advances as are hereinafter men- tioned, the deeds, evidences, and writings comprised in the schedule hereto (and which the said A. B. has this day de- posited with the said C D.), shall henceforth be held by the said C. D. as an equitable security for the payment by the said A. B. to the said C. D. on the day of next, of the sum of £ , together with interest thereon, after the rate of £ per cent, per annum, to be computed from the date hereof, and also for the payment of such further sum and sums as shall at any time or times hereafter, whilst the said deeds, evidences, and writings shall continue in the possession of the said C. D., be advanced by him to the said A. B., together with interest after the rate aforesaid on all such sum and sums, to be com- puted from the time or respective times of advancing the same respectively, at the expiration of six calendar months from the time or respective times of such respective advances being made : And the said A. B. doth hereby charge all the here- ditaments and premises comprised in the said deeds, evidences, and writings respectively, with the payment to the said C. D. of the said sum of £ , and all such further advances as aforesaid, and of the interest thereon respectively after the rate aforesaid : And doth also agree at any time or times durin" the continuance of this security, upon the request of the said C. D., but at the cost of the said A. B., to make and execute to the said 0. D. a legal mortgage of the said hereditaments and premises in such form and with such power of sale and other Digitized by Microsoft® MORTGAGES. 683 powers and provisions as the said C. D. may require for further ^y°^^' securing the payment to the said 0. D. of the moneys which ^^Is^^eeds shall then be owing on the security of this agi-eement, with ^'^^^e'^ interest thereon after the rate aforesaid. apvasceb. , The Schedule keferred to in the above-written Agreement. No. LXV. MEMORANDUM of Deposit of Title Deeds with a memoran. Joint-Stock Banking Companx- to secure Balance de°p™it of of Account Current. deed" with BANKING I, THE UNDERSIGNED, A B. of, &c. (mortgagor), do hereby °°"''"^" acknowledge that I have this day deposited with the dmn of de- Joint-Stock Banking Company, at their bank in , the deeds with ° deeds, evidences, and writings specified in the schedule here- company , . 1 • - 1 1 *" secure under written, with intent to create an equitable mortgage balance, upon the property to which such deeds, evidences, aud writings relate, and all the trade and other fixtures which now are or which at any time hereafter may be in, upon, or about the same property, for the purpose of securing the payment to the said company of all moneys which now are or which at any time or times hereafter may become due from me, , whether alone or in copartnership with any other person or persons in account current with the said company, whoever may be the persons for the time being constituting or composing such company, and under whatever style or firm the banking busi- ness carried on by the said company may be carried on [but so that the money to be ultimately recoverable upon this security shall not exceed the sum of £ , this security being intended as a guarantee of a final balance on account current with the said company, not exceeding that amount (a)]. Dated the day of , 18 — . The Schedule above referred to. (a.) The words within brackets are not necessary under the present stamp law. Digitized by Microsoft® 684 MORTGAGES. No. LXVI. FUBTHER DEED of Further Charge {by indorsement). CHARGE BY '^^''- THIS INDENTURE, made the day of , Between parties. *'he within-named A, B. {mortgagor), of the one part, and the Recite that within-named C. D. (mortiiaqee), of the other part: Whereas money is the within-mentioned sum of £1000 is still owing to the said A. B. on the security of the within-written indenture, but all interest for the same has been paid up to the date of these Agreement presonts : And WHEREAS the Said C. D. hath agreed to lend iXanoe."' to the Said A. B. the further sum of £500, on having the re- payment thereof, with interest, secured to him in the manner Witnessing hereinafter expressed: NOW THIS INDENTURE WIT- NESSETH, that in pursuance of the said agreement, and in consideration of the sum of £500 paid to the said A. B. by the said C. D. on or before the execution of these presents Covenant (the receipt, tvhereof, d-c.), he the said A. B. doth hereby for g^oifto himself, his heirs, executors, and administrators, covenant with advance and the Said C. D., his executors, administrators, and assigns, that he the said A. B., his heirs, executors, administrators, or assigns ■will, on the day of next (a), pay unto the said C. D., his executors, administrators, or assigns, the sum of £500, with interest for the same after the rate of £ — per cent, per annum, computed from the date of these presents : And if the said principal sum shall not be paid on that day, then will pay to him or them interest thereon after the rate aforesaid by equal half-yearly payments, on the day of , and the day of in every year, until the same principal sura Declaration shall be fuUy paid : And it is hereby AGREED AND DECLARED, pertycom- that all and singular the lands and hereditaments comprised prised in i i • iii-.. mortgage m and granted or otherwise assured by the within-written inden- shall be a . . ' security for turc shall Stand charged with and remain a security for the further as • i ^ -i-v • otUmi payment to the said C. D., his executors, administrators, and advance. assigus, as Well of the said sura of £500 and the interest for the same, pursuant to the aforesaid covenant in that behalf, as (a) This should be the next half-yearly day for payment of interest men- tioned in the mortgage deed. Digitized by Microsoft® .MORTGAGKS. 685 of the within-mentioned sum of £1000 and the interest for the oSkIe'^bv same, pursuant to the provisions of the -within-written inden- "'^^^' ture, and shall not be redeemed or redeemable until both the said principal sums, and the interest thereof respectively, shall be fully paid and satisfied : And it is hereby ALSO AGREEB Declaration 1-1 /» T 1-111 *^^* P™" AND DECLARED, that the power of sale and all other the powers visions in J . . . 1 , , . , mortgage and provisions contained in the within-written indenture for shau extend . , to further raising and secunng the payment to the said C. D., his exe- ? <^c-> suprd, p. 688) : To have, rbceive and Transfer of TAKE the Said principal sum and interest, and other the pre- debtf^^ mises hereinbefore assigned, or expressed so to be, unto the said 0. D. and E. F., their executors, administrators, and assigns, and to the intent that they the said C. D. and E. F. shall be entitled to the said principal sum and interest as joint tenants both at law and in equity, and that the receipt of the survivor of them, - and the executors, administrators, or assigns of such survivor, shall be a sufficient discharge for the same: AND THIS INDENTUEE ALSO WITNESSETH, that in further pursuance of the said agreement, and in con- sideration of the premises. The said A. B. and C. D. do hereby Conveyance grant unto the said E. F. and his heirs, All AND singular the of parcels r i i i ■ i • j to use of freehold messuages, lands, aad hereditaments comprised in and transferees, o ' i ± ^ ^ subjectto granted or otherwise assured by the hereinbefore recited m- Bubaistmg " •' light of re- denture (and all the estate, de.) : To HAVE AND TO HOLD the demption. _ ^ ' ' hereditaments and premises hereby granted, or expressed so to be, unto the said E. F. and his heirs, To THE USE of the said C. D. and E. F., their heirs and assigns, subject, nevertheless, to such right or equity of redemption as is now subsisting in the said premises under or by virtue of the said recited indenture : AND THIS INDENTURE ALSO WITNESSETH, that in further pursuance of the said agreement, and in consideration Assignment of the premises, they the said A. B. and C. D. do hereby assign howT*" unto the said C. D. and E. F. (»), their executors, administrators, and assigns, All and singular the leasehold hereditaments and premises comprised in and demised by the hereinbefore recited indenture, or expressed so to be, with their and every of to trans- their appurtenances {and, all the estate, dc.) : To HAVE and residue°of TO HOLD the hereditaments and premises hereby assigned, *^™' or expressed so to be, unto the said C. D. and E. F., their executors, administrators, and assigns, for all the residue now to come and unexpired of the said term granted therein by the hereinbefore recited indenture as aforesaid, subject, never- theless, to such right or equity of redemption as is now sub- sisting therein by virtue of the same indenture : And each {a) By [the 22 & 23 Vict. c. 35, a. 21, it is provided that any person shall have power to assign personal property hy law assign aUe, includ- ing chattels real, directly to himself and another person or persons, or corporation, by the like means as he might assign the same to another person. Digitized by Microsoft® MORTGAGES. 707 ON CHANGE OF THEM the said A. B. and C. D., as to his own acts and deeds ™^^^.™ only, doth hereby for himself, his heirs, executors, and adminis- trators, covenant with the said E. F., his heirs, executors, ad- ministrators, and assigns, that they the said A. B. and C. D. respectively have not, &c. (Covenant against incumbrances, suprd, p. 688.) In witness, &c. No. LXXXIII. TRANSFER of Two several Mortgage Debts and the transfer _, »-r-. -i^ /.."^ SEVERAl SECURITIES for Each, and Conveyance of Ad- mortoage *^ "^ DEBTS AND DiTioNAL Property by Mortgagor to the intent their •^ SECURITIES, that all the Property vested in Transferee may and ^ ADDITIONAL be a Security for both Mortgage Debts and a pbopertv »' CHARGED Further Advance. ■»"™ ^^^ AND FURTHER THIS INDENTURE, made the day of , Between advance. A. B. of, &c. (transferor of the first mortgage), of the first part, C. D. of, &c. (transferor of the second mortgage), of the second part, E. F. of, &c. (mortgagor), of the third part, and G. H. of, &c. (transferee), of the fourth part : Whereas (Recite mortgage to A. B. o/"the hereditaments firstly herein- after described," to secure £500 and interest) : And whereas Recito two mortgages (Recite mortqaqe to C. D. of "the hereditaments secondly of separate . , . properties. hereinafter described," to secure £200 and interest) : And seiaia WHEREAS the said E. F. is seised of the hereditaments firstly, mortgagor, secondly, and thirdly hereinafter described for an estate of in- heritance in fee simple in possession, subject as to the said hereditaments firstly and secondly hereinafter described to the hereinbefore recited mortgages respectively, but free from all other incumbrances : And whereas the said sum of £500 That mort- . ^ ^ gage money remains owing on the security of the said indenture of the remains o *' owmg on day of , but all interest on the same has been paid up to S^^g'"'"'" the date of these presents : And whereas the said sum of £200 remains owing on the security of the said indenture of the day of , but all interest on the same has been paid up to the date of these presents : AND WHEREAS the said Agreement ^ i^ r for transfer G. H. hath agreed at the request of the said E. F. to pay to ^J^^''*"' z z 2 Digitized by Microsoft® '08 MOETGAGES. OF SEVERAL MORTGAGE DEBTS AND THEIR SECURITIES, AND ADDITIONAL PROPERTY CHARGED "WITH OLD AND FURTHER TsEVERAL tlie said A, B. the sum of £500, and to the said C. D. the sum of £200, aud to lend to the said E. F. the further sum of £400 on having transfers of the said several mortgage debts of £500 and £200 respectively, and the interest thereof,. and the secu- rities for the same respectively, and upon having the repay- ment of the said sums of £500, £200, and £400 respectively IotInoe. (making together the sum of £1100), with interest for the same respectively, secured in the manner hereinafter expressed : Witnessing NOW THIS INDENTURE WITNESSETH, that in pur- part. _ _ _ . . J One mort- suancc of the said agreement in this behalf, and in considera- *S^s Ilia tion of the sum of £500 now paid by the said G. H. to th^ said S to^new A. B., at the request of the said E. F. {the receipt, dc.), The moi gagee. ^^^^ ^ -g ^^^-^ hereby assign, &c. (assignment of mortgage debt of £500, and interest, and the securities for the same, Second suprh, p. 688) : AND THIS INDENTURE ALSO WIT- part. NESSETH, that in pursuance of the said agreement in this ga^ee""'^' behalf, and in consideration of the sum of £200 now paid by mSi'e' the said G. H. to the said C. D., at the request of the said mOTtg'ier E, F. {the receipt, &c.), The said C. D. doth hereby assign, &c. {assignment of mortgage debt of £200 and interest, and the Tiiird wit- Securities for the same, supra, p. 688) : AND THIS INDEN- part?"^ TURE ALSO WITNESSETH, that in pursuance of the afore- Mortgagees Said agreement in this behalf, and in consideration of the gagor con- Several sums of £500 and £200 respectively paid by the said heredita- G. H. to the Said A. B. and C D. respectively as hereinbefore ments com- . . , n ■, o ntn\ prised in IS mentioned, and m consideration of the sum oi £400 now paid mortgages, by the Said G. H. to the said E. F. {the receipt, dc), The said tionai here- A. B., as to the hereditaments firstly hereinafter described and the said C. D., as to the hereditaments secondly hereinafter described, Do, at the request of the said E. F., hereby respec- tively grant, and the said E. F., as to all the hereditaments hereinafter described, Doth hereby grant and confirm unto the said G. H., his heirs and assigns, First, All, &c. {parcels, as described in the mortgage to A. B.), And all other (if any) the hereditaments, comprised in and granted or otherwise assured by the said indenture of the day of : Secondly, All, &c. {parcels as described in parcels to C. D.), And all other (if any) the hereditaments comprised in and granted, or otherwise assured by the said indenture of the day of : And, thirdly, all, &c. {additional parcels, general words): And all the estate, right, title, interest, claim, and de- mand whatsoever of them the said A. B., C. D., and E. F. respec- Digitized by Microsoft® dit^nients MORTGAGES. 709 OP SEVERAL MORTCAOE DEBTS AND THEIR SECURITIES, AMD ADDITIONAI, PRftPEBTT CHARGED WITH OLD AND FtTRTHER ADVANCE. tively, in to and upon the said premises, and every part thereof: o™^IeIai To HAVE AND TO HOLD the hereditaments and premises hereby granted, or expressed so to be, unto and to the use of the said G. H., his heirs and assigns, freed and discharged, as to the hereditaments comprised in the hereinbefore recited indentures of mortgage respectively, from all right or equity of redemp- tion now subsisting therein under or by virtue of the same indentures respectively, but subject as to all the said heredita- ^^ ^^^ ments to the proviso for redemption hereinafter contained : "bS'S' (Proviso for redemption of all the hereditaments on payment ^"empj°„ by E. F., his heirs, executors, administrators, and assigns of £1100 and interest, — covenant by E. F. for payment of prin- cipal sum of £1100 and interest, suprd, p. 516) : And the covenant SAID A. B. as to the said principal sura and interest, here- g^s^es J. - , against ditaments and premises herembefore respectively assigned and mmm- T , , . JO trances. granted by him, or expressed so to be, and the said C. D. as to the said principal sum and interest, hereditaments and premises hereinbefore respectively assigned and granted by him, or ex- pressed so to be, do hereby respectively for themselves, and for their respective heirs, executors, and administrators, covenant with the said G. H., his heirs, executors, administrators, and assigns, that the said A. B. and C. D. respectively have not at any time heretofore done or executed, or knowingly suffered, or been party or privy to anything whereby the same principal sums and interest, hereditaments and premises, or any part thereof respectively, are, is, can, or may be released, affected, or incumbered in anywise howsoever : And the said E. F. doth covcnanfa hereby for himself, his heirs, executors, and administrators, mortgagor. covenant with the said G. H., his heirs and assigns, that the said A. B., G D., and E. F. respectively now have good right to grant the hereditaments and premises hereby granted, or expressed so to be, unto and to the use of the said G. H., his heirs and assigns, in manner aforesaid, free from incumbrances : And that the said A. B., 0. D., and E. F. respectively, and all other persons having or lawfully or equitably claiming any estate or interest in the hereditaments and premises hereby granted, or expressed so to be, or any of them, or any part thereof respectively, shall and will, &c. (Covenant for further assurance, — power of sale ivith subsidiary clauses extending to all the hereditaments, suprd, pp. 517, 518, 319.) In witness, &c. Digitized by Microsoft® 710 MORTGAGES. No. LXXXIV. BEcoNVBY- RECONVEYANCE of Lands hy Mobtgagee on Pay- AHCE BT JO (B??™oME- MENT of Debt awci Interest (62/ indorsement). '"""^' THIS INDENTURE, made, &e., Between the within-named A. B. {mortgagee), of the one part, and the withiri-named Reoite C. D. (mortgagor), of the other part : Whereas the said C. D. prScipai has, before the execution of these presents, paid to the said A. B. ' the sura of £ , secured by the within- written indenture, together with all interest thereon up to the date of these pre- oonsidera. seuts : NOW THIS INDENTURE WITNESSETH, that in consideration of the said sum of £ , and all interest thereon to the said A. B. paid by the said C. D. as aforesaid (the receipt whereof the said A. B. doth hereby acknowledge). The said A. B. doth hereby grant unto the said C. D. and his heirs. Mortgagee ^ll AND SINGULAR the lands, hereditaments, and premises comprised in and granted or otherwise assured by the within- written indenture, or expressed so to be (and all the estate, die.) : to mort- To HAVE AND TO HOLD the hereditaments and premises hereby granted, or expressed so to be, unto and to the use of the said C. D,, his heirs and assigns, freed and absolutely discharged from all principal moneys and interest secured, or intended to be secured, by the within-written indenture, and all claims and demands on account thereof respectively, or any part thereof respectively, or in anywise relating thereto. {Covenant by A. B. against incvmhrances, supra, p. 263.) In witness, &g. gagor. No. LXXXV. RECONVEYANCE of Property hy Administrator of Mortgagee, on payment of Mortgage Debt and KECONVEY- ANCE BY ADMINIS- TRATOR OF MORTGAQEE. INTEREST Parties, THIS INDENTURE, made the day of , Between A, B. of, &c. {administrator of mortgagee), of the one part Digitized by Microsoft® PURCHASE DEEDS. 7ll ANCE EY ADMIN IS- TBATOB or MORTOAOEE. and C, D., of, &c. (mortgagor), of the other part (Recite mort- ^^l^^' gage from C. D. to E. F. — Death of E. P. intestate, and administration granted to A. B.): And whereas it appears from an account this day stated between the said A. B. and ^^j P™;y C. D., that there is now owing to the said A. B., as such ad- ^ totoTs? ministrator as aforesaid, upon or by virtue of the said indenture "" °*"°^' of mortgage, the sum of £ , for principal money and arrears of interest thereon up to the date of these presents : And WHEREAS the said C. D. is desirous of paying off the said sum Desire on of £ , and of having a reconveyance of the mortgaged mortgagor hereditaments in the manner hereinafter expressed : NOW and *» ha™ beredita- THIS INDENTURE WITNESSETH, that in consideration ments re- conveyed. of the sum of £ , on or before the execution of these witnessing presents to the said A. B. paid by the said C. D., in full co^gi^i^a. satisfaction of all principal moneys and interest secured by the *'"■'• hereinbefore recited indenture (the receipt, dc), he the said tor'?onvey''8' A. B., as the legal personal representative of the said E. F., parceib, deceased, by virtue of the power for this purpose given to him by the "Vendor and Purchaser Act, 1874," and of all other powers (if any) him hereunto enabling, doth hereby grant and convey unto the said C. D., his heirs and assigns. All and to hold to SINGULAR the messuage or tenement, lands, hereditaments and "" ^^"' premises comprised in and granted or otherwise assured by the said recited indenture, or expressed so to be : To HAVE, &c. (Habendum to G, D. in fee discharged from mortgage debt — covenant Covenant by A. B. with C, D. against incumbrances, as in last incum- '' " ' trances. Precedent.) In WITNESS, &c. REAS- SIGNMENT LEASEHOLDS. No. LXXXVI. SURRENDER of Mortgaged Term of Years by Re- presentative of Mortgagee on payment of Mort- gage Debt (by Indorsement). THIS -INDENTURE, made the day of , Between Parties. A. B., of, &c. (executor of mortgagee), of the one part, and the within-named C. D. (mortgagor), of the other part (Recite death of mortgagee and his will, appointing A. B. executor, Digitized by Microsoft® 712 MORTGAGES. BEAS- SIGHMENT OF LEASEHOLDS. Money due on mort- That mort- gagor desires to payoff money due, and to have premises surrendered. Witnessing part Considera- tion. SuiTender by executor to intent that term may merge. and probate by him) : And whereas there is now due and owing to the said A. B., as such executor as aforesaid, upon or by virtue of the within-written indenture of mortgage, the principal sum of £500 only, all interest in respect thereof having been duly paid and satisfied up to the date of these presents : And whereas the said C. D. is desirous of paying off the said principal sum of £500, and of having a surrender of the mortgaged hereditaments in' the manner hereinafter expressed : NOW THIS INDENTURE WITNESSETH, that in consideration of the premises, and of the sum of £500, on or before the execution of these presents, to the said A. B. paid by the said C. D. in full satisfaction of all moneys secured by the within-written indenture (the receipt, dc.), The said A. B., as such executor as aforesaid, doth hereby surrender unto the said C. D., All and singular the messuage or tenement, farm, lands, hereditaments, and premises comprised in and demised by the within-written indenture, or expressed so to be, (and all the estate, dc.) : To the intent that all the residue now unexpired of the term of 500 years granted therein by the within-written indenture, may forthwith be merged and extinguished in the freehold and inheritance of the same premises. (Covenant by A. B. against incumbrances, see supra, p. 263.) In witness, &c. No. LXXXVII. RELEASE BY MORTGAGEE OP TERM. Parties. RELEASE of Lands by a Mortgagee of a Term for Raising Portions where the Mortgage is Paid OFF out of the Proceeds of the sale of Part of the Settled Estates (by Indorsement on Mortgage). THIS INDENTURE, made the day of , Between A. B. of, &c. (mortgagee), of the first part, C. D. of, &c. (trustee of term for raising portions), ot the second ]pa.vt,E. F. of, &c., and G. H. of, &c. (trustees to exercise power of sale and exchange), of the third part, and I. K. of, &c. (tenant for life), of the mo"^a^e'* ^°^^^^ V^^^ ■ Whereas the sum of £ , secured by the STdu;, within-written indenture, still remains owing thereon, but all Digitized by Microsoft® MORTGAGES. 713 interest for the same up to the date of these presents hath ??„'i^f„ ^^ ■■■ ■•■ MORTGAGEE been fully paid, as the said A. B. doth hereby acknowledge : °^'^™''- And whebeas, among other powers created by the within- ^tuement recited indenture of settlement of the day of , it was thereby provided that it should be lawful for the said E. F. and G. H,, and the survivor of them, and the executors or adminis- trators of such survivor (by such direction as therein men- to seii tioned), to make sale and dispose of all or any of the manors and hereditaments thereby settled in manner therein expressed : and that they, or the survivor of them, or the executors or and apply administrators of such survivor, should, at the request and by in payment the direction of the person who for the time being would be irances. entitled to the rents of the hereditaments thereinafter directed to be purchased, invest the moneys to arise by such sale or sales, in the purchase of other hereditaments to be settled to the uses thereby limited concerning the hereditaments which should have been so sold, but with power for the said E. F. and G. H., and the survivor of them, and the executors or adminis- trators of such survivor, to apply any of such sale moneys in or towards payment and discharge of all or any of the gross suras then already charged, or which should thereafter by virtue of the powers thereinbefore contained be charged upon all or any of the hereditaments thereinbefore settled : And whereas That tms- there is now in the hands, or standing to the account of the said tbeir hands E. F. and G. H., as the trustees of the power of sale contained arising from in the said indenture of the day of , a considerable of estates. amount of money which has arisen by the sale" of certain parts of the said estates thereby settled, and which moneys are liable, by virtue of the same settlement, either to be laid out in the purchase of other hereditaments, or to be applied in discharge of any gross sums charged upon the same settled estates, or any part thereof : And whereas the said A. B. is willing to Agreement receive the said principal sum of £ remaining due to him gageshaii . , . , . . . , 1 • 1 , be paid off by virtue of the witliin-written indenture, and it has been out of . , proceeds agreed by and amongst the said other parties hereto, that the »' sales. same shall be paid off by the said E. F. and G. H. out of the trust moneys in their hands produced by such sale of settled estates as aforesaid, to the intent that such debt or charge of £ and interest may be wholly extinguished for the benefit of those entitled or to become entitled to the estates subject thereto, in manner hereinafter expressed : NOW THIS IN- witnessing ■^ part, DENTURE WITNESSETH, that in pursuance of the said ■? considera- ' ^ tion of Digitized by Microsoft® 714 MORTGAGES. BELBASE BV UOBTOAOEE Of TEEM. agreement in this behalf, and in consideration of the sum of £ (being part of the moneys produced by such sale of settled estates moMy^" ^ aforesaid) by the said E. F. and G. H. as such trustees as afore- out?f s^d ^^^^> V^^^ *° ^^^ said A. B., on or before the execution of these proceeds, presents, at the request and by the direction of the said parties hereto of the second and fourth parts, testified by their respec- tively executing these presents, and the receipt of which said sum of £ , in full discharge of all moneys remaining due for principal or interest, or otherwise upon or by virtue of the Sflf^" ■within-written indenture, the said A. B. doth hereby acknow- estates from l^dgc, he the Said A. B., at such request and by such direction mortgage ^^^ testified as aforesaid, doth hereby release and discharge. All and singular the manor, messuages, lands, tenements, and hereditaments comprised in and assigned by the within- written indenture, or expressed so to be, or which may have since by any means become and are now subject to the same indenture, with all rights, royalties, and appurtenances thereto belonging, of and from the said sum. of £ , secured by the within-written indenture, and all interest for the same, and all claims and demands on account thereof, or in anywise relating thereto : To the intent that the within-mentioned term of 500 years, and all other (if any) such term, estate, and interest as are vested in the said A. B., by virtue of the within-written indenture, for securing the repayment of the said sum of £ and the interest thereof, may from henceforth cease and determine. In witness, &c. Digitized by Microsoft® MORTGAGES. 715 SOCIETY MORTOAOE. No. LXXXVIII. KECEIPT/or Moneys to be indorsed on a MoRTaAGE to a kkceipi Building Society (ft). on building The Building Society hereby acknowledges to have received all moneys intended to be secured by the within (or above) written deed. In witness whereof the seal of the society is hereto affixed this day of , by order of the Board of Directors {or Committee of Management), in presence of, A. B., Secretary [or Manager]. [Other witnesses if any required by the rules of the Society']. (a) By the "Building Societies Act, 1874 " (.37 & 38 Vict. c. 42, s. 42), it is provided, that when all moneys intended to be seouted by any mortgage or turther charge given to any society under the Act have been fully paid or discharged, the society may indorse upon or annex to such mortgage or fur- ther charge a reconveyance of the mortgaged property to the then owner of the equity of redemption, or to such uses as he may direct, or a receipt under the seal of the society countersigned by the secretary or manager in the form specified in the schedule to the Act, and such receipt shaU vacate the mortgage, or further charge, or debt, and vest the estate of and in the property therein comprised in the person for the time being entitled to the eqmty of redemption, without any reconveyance. Digitized by Microsoft® 716 MORTGAGES. No. LXXXIX. CHABOE Bv CHARGE by a Registered Peopeietok under the "Land FRopRiETOH. TRANSFER Act, 1875." The " Land Transfer Act, 1875." Office of Land Registry. Charge. I, A. B., the registered proprietor of the land entered in the register under the ahove number, in consideration of [four thousand pounds] paid to me, charge such NoTE.-lf no inte- ^^^^ ^-^^-^ ^-^^ payment to C. D. of, &c., on rest IS to be payable or '^ •' ' _ [ no power of sale given, the day of , 18 — , of the principal "tiSil-t '^^ °f [^*000], with interest at the rate of "without a power of £ — per cent, per annum, and with a power sale," as the case may c t ± i • j pj. j.i j r l,g ' ' 01 sale to be exercised after the day of , 18-. [Signature of registered proprietor.] Witness, X. Y., a Solicitor. TRANSrER OP CBABOE BY REGISTERED PROPRIETOR. No. XC. TRANSFER of Charge by a Registered Proprietor. The "Land Transfer Act, 1875." Office of Land Registry. Transfer of Charge. I, C. D., the registered proprietor of the charge dated the day of , 18 — , on the land registered in the name of A. B., under the above number, in consideration of [four thousand pounds] paid to me, transfer such charge to E. F. of &c. as proprietor. [Signature of registered proprietor.] Witness, X. Y., a Solicitor. Digitized by Microsoft® MORTGAGES. 717 No. XCI. DEED 0/ ARRANGEMENT between a Mortgagor and abranoe. several Mortgagees of distinct parts of his estate, between . ,-r. MORTOAQOR where the Iitle Deeds relatinq to the Property and •^ SEVERAL comprised in the Mortgages icere deposited with mortoaoees * -^ AS TO DEEDS Bankers on the Account of the several Mort- deposited *' with GAGEES. BANKERS. THIS INDENTURE, made the day of , Between Parties. A. (mortgagor), of the first part, B., C, and D, (mortgagees), of the second part, E. and F. (other mortgagees), of the third part, G., H., and I. (other mortgagees), of the fourth part, and K., L., and M. (other mortgagees), of the fifth part (Recite mort- Recital of gage from A. to B., C, and D., of hereditaments in first part of first schedule ; also mortgage from A. to E. and F. of heredita- ments in second part of first schedule; also mortgage from A. to G., H., and I., of hereditaments in third part of first schedule ; al^o mortgage from A. to K., L., and M. of hereditaments in fourth part of first schedule): And whereas the deeds and That deeds writings specified in the second schedule hereunder written schedule relate to all the hereditaments comprised in the first schedule mortgaged hereunder written, except some of the hereditaments comprised in the fourth part of the first schedule, and the same deeds and writings also relate to hereditaments of the said A. not in- cluded in any of the said mortgages : And whereas upon the Agreement treaty for the mortgages made by the said four several herein- of delds^' before recited indentures it was agreed that the said deeds and banicera. writings should be deposited in the bank of Messrs. , and that the said parties to these presents should enter into such agreement respecting the same as is hereinafter contained : And Deposit of WHEREAS the said deeds and writings have been deposited in the said bank of Messrs. pursuant to the said agreement : NOW THIS INDENTURE WITNESSETH, and in con- witnessing sideration of the said premises IT is hereby agreed and ^^j^^ DECLARED between and by the parties hereto as follows : — • agreement. 1. The deeds and writings specified in the second schedule 1. hereunder written ai-e and shall remain deposited at the said remaiii Digitized by Microsoft® 718 MOKTGAGBS. ABBASOE- MENT BETWEEN MOBTQAGOB AND SEVEBAL MORTGAGEES AS TO DEEDS DEPOSITED WITH BANKERS. deposited on behalf of several sets of mortgagees. on the account of the following persons, 2. Deeds to remain deposited unless all mortgagees concur in changing custody of same. Deeds to be produced to mortgagees whenever required. bank of Messrs. - namely : The said B., C, and D., as the mortgagees under the first hereinbefore recited mortgage, and the survivors and sur- vivor of them, and the heirs, executors, or administrators of such survivor, and their or his assigns ; The said E. and F., as the mortgagees under the secondly hereinbefore recited mortgage, and the survivor of them, and the heirs, executors, or administrators of such survivor, and their or his assigns ; The said G., H., and I., as the mortgagees under the thirdly hereinbefore recited mortgage,^ and the survivors and survivor of them, and the heirs, executors, or adminis- trators of such survivor, and their or his assigns; and The said K., L., and M., as the mortgagees under the fourthly hereinbefore recited mortgage, and the survivors and survivor of them, and the heirs, executors, or adminis- trators of such survivor, and their or his assigns ; All ■which persons, or those, or that one of them (as the case may be), whose mortgages or mortgage shall for the time being remain subsisting, are, or is hereinafter, called or included in the expression " the mortgagees." 2. The said deeds and writings shall remain deposited as aforesaid so long as the hereinbefore recited mortgages, or any two or three of them, shall remain subsisting, unless all the mortgagees shall agree to remove the said deeds and writings, or any of them, into the custody of some other person or persons, in which case they shall be at liberty so to do, without the con- sent of the said A., his heirs or assigns ; but the mortgagees shall immediately after such change of custody give notice of the same to the said A., his heirs or assigns. 3. While the said deeds and writings shall remain deposited in the said bank of Messrs. , or with any person or persons into whose custody the same may be removed as aforesaid, the said deeds and writings shall, at the request of any of the mort- gagees, be produced to them or him, or to their or his solicitors or agents, or at any trial, hearing, or examination in any court of law or equity or other judicature, and on all other occasions on which such productions can reasonably be required for the manifestation and defence of the title of such mortgagees or mortgagee to all or any part of the hereditaments comprised in their or his mortgage, and such mortgagees or mortgagee, or their Digitized by Microsoft® MORTGAGES. 719 ARRANGE* MENT BETWEEN MOBTOAGOR AND SEVERAL MOBTOAOEES AS TO DEEDS DEPOSITED WITH BANKERS. or his solicitors and agents, shall he at liberty to examine the said deeds and writings when so produced as aforesaid, and to make copies, abstracts, and extracts of and from the same : Provided ALWAYS, that any mortgagees or mortgagee requiring the pro- duction of the said deeds and writings, or any of them, for any of the purposes aforesaid, shall give three clear days' notice of their or his intention in that behalf to the other mortgagees, and in such notice shall specify the time and purpose at o^^^' ™ort- r J ■ r r gagees to be and for which such production shall be required, and such "* o,^^^*" other mortgagees shall be at liberty to appoint a person orP^™™*° persons on their behalf to attend and be present at such pro- prodnotion. duction, but so that not more than one person shall be so appointed on behalf of each set of mortgagees, and the costs and expenses of and incidental to the production of the said deeds and writings, and the examining and making copies, abstracts, and extracts of and from the same (including the costs and expenses incuri'ed by the other mortgagees in employing a person or persons to attend on their behalf as aforesaid), shall be borne and paid by the persons or person requiring such production, and shall be added by them or him to their or his costs as mortgagees or mortgagee, and be recoverable against the said A., his heirs, executors, administrators, and assigns, as such costs accordingly. 4. While the said deeds and writings shall remain deposited i. at the said bank, or with any person or persons into whose produced to custody the same may be removed as aforesaid, the same shall, for evi- 1/11 -iii'i- • 1 dencing his at the request and cost of the said A., his heirs or assigns, be title to pro- 1 . 1 . 1 . . perty not produced to him or them, or to his or their solicitors or asfents, included in ■^ , ... o ' mortgages, or at any trial, hearing, or examination in any court of law or equity or other judicature, and on all other occasions on which such production can reasonably be required, for the manifesta- tion and defence of the title of the said A., his heirs or assigns, to all or any of the hereditaments to which such deeds and writings relate, and which are not included in the said mortgages, or in such of them as shall for the time being be subsisting, and the said A., his heirs and assigns, and his or their solicitors and agents, shall be at liberty to examine the said deeds and writings when so produced as aforesaid, and to make copies, abstracts, and extracts of and from the same: Pbovided ALWAYS, that before requiring the production of the said deeds and writings, or any of them as aforesaid, the said A., his heirs or assigns, shall give three clear days' notice of his or their Digitized by Microsoft® 720 MORTGAGES. ARRANGE- MENT BETWEEN MORTQAGOE AND SEVERAL MORTGAGEES intention in that behalf to all the mortgagees or to their solicitors, and such mortgagees shall be at liberty to appoint a person or persons on their behalf to attend and be present at such pro- As TO DEEDS ductiou, but not more than one person shall be employed to "^™h™ attend as aforesaid on behalf of each set of mortgagees, And 1. the said A., his heirs or assigns, shall pay to the mortgagees the costs and expenses incurred by them in employing a person or persons to attend on their behalf as aforesaid, ifaii'inort. ^" ^^ ^^^ *^® hereinbefore recited mortgagees except one shall §Kre^'^' be satisfied, the said deeds and writings shall be delivered to *^s to be *^® mortgagees or mortgagee whose mortgage shall remain sub- remSng*" sisting, And such mortgagees or mortgagee shall from time to mortgagee, ^j^^g^ ^^^ ^-j^e request and cost of the said A., his heirs or assigns, produce the said d«eds and writings, or any of them, to him or them, or to his or their solicitors and agents, or at any trial, hearing, or examination in any court of law or equity or other judicature, and on all other occasions on which such production can be reasonably required for the manifestation and defence of the title of the said A., his heirs or assigns, to all or any part of the hereditaments to which the said deeds and writings relate, and which axe not included in the mortgage so remaining sub- sisting as aforesaid. And shall also permit him or them, or his or their solicitors or agents, at the like cost, to examine the said deeds and writings and make copies, abstracts,^ and extracts of and from the same or any of them : But the mortgagees or mortgagee to whom the said deeds and writings shall be de- livered as aforesaid shall not be personally liable for the pro- duction of the said deeds and writings or otherwise in relation thereto, after they or he shall have ceased to have the actual custody of the same deeds and writings, j^ ^- 6. If the hereditaments comprised in any of the said mort- Boi°d b*a S^S^^' °^' ^'ly °f ^^'^^ hereditaments shall at any time or times deedfrnf' ^^ ^°^^ undor the power of sale contained in the mortgage to pureSw thereof, the mortgagees or mortgagee by whom such sale shall ramnce" ^® made may cause the deeds and writings relating to the said mo°r^agce. hereditaments to be delivered to the purchaser or any of the purchasers upon his or their entering into the usual covenant with the persons entitled to or interested in the hereditaments to which such deeds and writings relate and not included in such sale for the production and furnishing copies of the said deeds and writings at the expense of the covenantees : Ob the mortgagees or mortgagee by whom such sale shall be made may. Digitized by Microsoft® MORTGAGES. 721 HENT BETWEEN MORTGAGOR AND SEVERAL MORTGAGEES AS TO DEEDS DEPOSITED WITH BANKERS. if they or he think fit, arrange with the purchaser or any of the '^^^°'^ purchasers for the delivery to him or them of the said deeds and writings at some future time on his or their entering into such covenant as aforessaid : PROVIDED ALWAYS, that no mortgagee shall, under this provision, deliver or cause to be delivered the said deeds and writings, or any of them, to any purchaser or purchasers without the consent of the other mortgagees or mort- gagee (if any) on whose account the said deeds and writings shall for the time being be deposited as aforesaid. 7. If any hereditaments shall be sold by any mortgagees or jj^J-^^ mortgagee while the said deeds and writings shall remain delivered, o o o purchaser deposited as aforesaid, and the same deeds and writings, or any *°^e^^*iJ|| of them, shall not be delivered to the purchaser or any of the pjoSufn purchasers of such hereditaments, the said purchaser or pur- ^"s* chasers shall, while the said deeds and writings shall remain deposited as aforesaid, have the same right to the production of the said deeds and writings, and to examine and make copies, abstracts, and extracts of and from the same as is hereinbefore given to the mortgagees. 8. If any of the mortgagees shall foreclose the equity of . i J a a ^ ^ ^ T. J A mortgagee redemption of the hereditaments, comprised in their mortgage "[Jl^'^ the mortgagees or mortgagee so foreclosing shall, from and after rtghts'^th such foreclosure, have the same right in respect to the said pr^dueHon deeds and writings as if such foreclosure had not taken place ^ ^'°''- and their or his mortgage had remained subsisting. In witness, &c. The first Schedule referred to in the above-written Indenture {containing in four parts the several mortgaged properties). The second Schedule referred to in the above- written Indenture (comprising the deeds). VOL. I. ^ ^ Digitized by Microsoft® 722 MORTGAGES. No. XCII. ARUANGE- MENT-^AS TO DEEDS DEPOSITED WITH SOLICITOR FOR MORT- gaoees and owners op diff:^bent properties. Parties. Itecital of mortgages. That deeds specified in 2nd B«hedule relate to mortgaged properties, and some of them to other ]iroperty Agreement for deposit with soli- citor. ■Witnessing part. 1. Deeds to remain in custody of solicitor on DEED of ARRANGEMENT with respect to Title Deeds deposited with a Solicitor on behalf of several MoETGAGEES of DIFFERENT PiiOPEETiES, and on behalf also of the Owners of other Properties to which the Deeds, or some of them, also relate. THIS INDENTURE, &c., Between A. B., C. D., and E. F. {the mortgagors as trustees of part of the property, and the owners of other property held partly under the same title), of the first part, G. H. of, &c. (the tenant for life of part of the property and also of other property), of the second part (the several mortgagees of the third to the tenth parts), and X. Y. of, &c. (the depositee), of the eleventh part : (Recite the various mort- gages and also other documents relating to the title) : And WHEREAS the deeds and muniments of title specified in the second schedule hereunder written relate respectively to the hereditaments comprised in the hereinbefore recited mortgages or some of them, as by the statement at the foot of the said second schedule more particularly appears : and some of the said deeds and muniments relate also to other hereditaments not included in any of the said mortgages, but vested either in the said A. B., C. D., and E. F., as the executors and trustees of the said will of the said , or in the said G. H., as tenant for life under the said indenture of settlement, of, &c., as by the said statement at the foot of the said second schedule also appears : And WHEREAS it has been agreed that the said deeds and muniments shall be deposited with the said X. Y., and that the said parties to these presents shall enter into such agreements respecting the same as are hereinafter contained : And WHEREAS the said deeds and muniments have been deposited with the said X. Y. pursuant to the said agreement : NOW THIS INDENTURE WITNESSETH, and in con- sideration of the premises, it is hereby agreed and declared, between and by the parties hereto as follows : 1. The deeds and muniments specified in the second schedule hereunder written shall remain in the custody of the said X. Y. so long as the hereinbefore recited mortgages respectively shall Digitized by Microsoft® MORTGAGES. 723 ARRANGE- MENT AS TO DEEDS DEPOSITED WITH SOLICITOR remain subsisting, or until the custody of the same shall have been changed under any of the provisions of these presents on the account and for the benefit of the several persons for the time being entitled as mortgagees under the hereinbefore aAaEEs°AND recited mortgages respectively to the hereditaments to which oTFraRENT the said deeds and muniments respectively relate : And such ™°'^''"^^- of the said deeds and muniments as relate not only to the here- of aiuhe ditaments comprised in some of the said mortgages, but also to ISdalarM' other hereditaments vested in the said A. B., C D., and E. F., them"on the as the trustees of the said will of the said , or in the said tS mor^ G. H. as tenant for life under the said indenture of, &c., and not ^^°™ included in any of the said mortgages, shall remain in the custody of the said X. Y. during the like period on the account and for the benefit not only of the said mortgagees respectively, but also of the said A. B., C. D., and E. F., their heu-s and assigns, or of the said G. H. and his successors in title, as the case may require. 2. The said X. Y. shall, whenever requested so to do by any p^^^f ^^ ^ of the persons on whose account the said deeds and muniments p™*^°^* have been deposited as aforesaid, produce the said deeds and iiirea. muniments, or any of them, to the person or persons requiring such production, or to any person or persons authorised in that behalf, by him, her, or them, or at any trial, hearing, or exami- nation in any court of law or equity, or other judicature, and on all occasions on which such production can reasonably be required for the purpose of evidencing and defending the title of the person or persons requiring such production as aforesaid, to the hereditaments to which the said deeds and muniments relate or any part thereof, and such person or persons shall be at liberty to examine the said deeds and muniments when so produced as aforesaid, and to make copies, abstracts, and ex- tracts of and from the same ; And the said X. Y, or his clerk, shall always attend at the production of the said deeds and muniments, and shall be entitled to be paid the usual and proper professional charges of a solicitor for such attendance, and also for any other business which he may do in relation to the said deeds and muniments : And the costs and expenses of every such production (including suqh charges as aforesaid) shall be borne by the person or persons requiring such produc- tion, but so that if such person or persons shall be a mortgagee or mortgagees, he, she, or they shall add such costs and expenses to his, her, or their costs as mortgagee, and be entitled to 3 A 2 Digitized by Microsoft® 724 MORTGAGEkS. AKRASGE- MENT AS TO DEEDS DEPOSITED WITH SOLICITOR FOR MORT- GAGEES AND OWNERS OP DIFFERENT PROPERTIES. 3. Custody maybe changed with con- currence of aU the mortgagees. 4. On deaths &c., of de- positee, new depositee to be ap- pointed. 5. Ifmort- tagees re- uced to one, deeds maybe delivered to remaining mortgagee. recover the same accordingly against the said X. Y., or other the person or persons entitled to the equity of redemption of the mortgaged hereditaments. 3. If all the mortgagees on whose account the said deeds and muniments, or any of them, shall for the time being be deposited under these presents shall at any time or times concur in de- siring that the said deeds and muniments, or any of them, shall be removed from the custody of the said X. Y., or from the custody of the person with whom the same may for the time being be deposited under this provision into the custody of any other person, then and in such case and so often as the same shall happen, the said mortgagees shall be at liberty, without the consent of the said persons parties hereto of the first and second parts, or their respective heirs or assigns, or successors in title, or any or either of them, to remove the said deeds and muniments accordingly : And the person into whose custody the said deeds and muniments shall for the time being be removed shall hold the same for the purposes, and subject to the provisions for and subject to which the said X. Y. is hereby directed to hold the same, in like manner in all respects as if he had been hereby appointed to have the custody of the said deeds and muniments in the place of the said X. Y. 4. If the said X. Y., or other the person in whose custody the said deeds and muniments shall for the time being be deposited, shall die or be desirous of giving up the custody of the same, then and so often as the same shall happen the mortgagees, on whose account the said deeds and muniments shall for the time being be deposited, may appoint a person to take the custody of the said deeds and muniments in the place of the person so dying or desiring to give up the custody o the said deeds and muniments as aforesaid, and the person so appointed shall hold the said deeds and muniments for the purposes and subject to the provisions for and subject to which the said X. Y. is hereby directed to hold the same, in like manner in all respects as if he had been hereby appointed to have the custody of the said deeds and muniments in the place of the said X. Y. 5. If and whenever it shall happen that by reason of the satisfaction of any one or more of the mortgagees or otherwise there shall be only one mortgagee or set of mortgagees on whose account the said deeds and muniments or any of them shall for the time being be deposited, then and in such case such mort- Digitized by Microsoft® MORTGAGES. 725 gagee or mortgagees may require the said deeds and muniments areanoe- to be delivered to him, her, or them, and the same shall be so to deeds MBNT A3 TO DEEDS DEPOSITED delivered accordingly. And the mortgagee or mortgagees to w™ 'C> SOLICITOIl whom the said deeds and muniments shall be so delivered, shall, ""^ """'f- ' ' OAGEES AND from time to time, at the request and cost of the said A. B., °'™^™°'' '1 ' DIFFERENT C. D., and E. F., their heirs or assigns, as such trustees as afore- f«°f'^''^'g^- said, or of the said G. H., as such tenant for life as aforesaid, or of his successors in title, produce the said deeds and muniments, or any of them, to them or him, or to their or his solicitors or agents, or at any trial, hearing, or examination in any court of law or equity, or other judicature, and on all other occasions on which such production can reasonably be required for the pur- pose of evidencing and defending the title of the persons or person requiring such production to any hereditaments belonging to or vested in them or him as aforesaid, and not included in the then subsisting mortgage. And shall also permit them or him, or their or his solicitors or agents, at the like cost, to examine the said deeds and muniments, and make copies, abstracts, and extracts of and from the same, or any of them : But the mortgagee or mortgagees to whom the said deeds and muniments shall be delivered as aforesaid shall not be per- sonally liable for the production of the said deeds and muni- ments, or otherwise in relation thereto, after he, she, or they shall have ceased to have the actual custody of the said deeds and muniments. 6. If the hereditaments comprised in any of the said mort- if^nypart gages, or any of such hereditaments, shall at any time or times p'^/ia™" be sold under any power of sale vested in any of the mortgagees, ^ortgl^te, the mortgagee or mortgagees by whom such sale shall be made tTaeil^eled may cause the deeds and muniments relating to the said here- wuh'TOnf ^"^ ditaments, or any of them, to be delivered to the purchaser or ofS™ any of the purchasers thereof upon his or their entering into ™°rtgasees. the usual covenants with the persons entitled to or interested in the hereditaments to which such deeds and muniments relate, and which are not included in such sale, for the production and furnishing copies of the said deeds and muniments at the expense of the covenantees : Oe the mortgagee or mortgagees by whom such sale shall be made, may, if he, she, or they think fit, arrange with the purchaser, or any of the purchasers, for the delivery to him or them of the said deeds and muni- ments at some future time on his or their entering into such covenant as aforesaid : Provided always that no mortgagee Digitized by Microsoft® 726 MORTGAGES. ABRANGE- MENT AS TO DEEDS DEPOSITED WITH SOLICITOR FOR MORT- GAGEES AND OWNERS OF DIFFERENT PROPERTIES' 7. If not so delivered, puTRhaaer to have same rights with regard to produc- tion as mortgagees. After foreclosure, mortgagee to have same rights with regard to produc- tion as hefore. shall under this provision deliver or cause to be delivered the said deeds and muniments or any of them to any purchaser or purchasers without the consent of the other mortgagees or mortgagee (if any) on whose account the said deeds and muni- ments shall for the time being be deposited as aforesaid. 7. If any hereditaments shall be sold by any mortgagees or mortgagee while the said deeds and muniments shall remain deposited as aforesaid, and the same deeds and muniments shall not be delivered to the purchaser or any of the purchasers of such hereditaments, the said purchaser or purchasers shall, while the said deeds and muniments shall remain deposited as afore- said, have the same right to the production of the said deeds and muniments, and to examine, and make copies, abstracts, and extracts of and from the same, as is hereinbefore given to the said mortgagees. 8. If any of the said mortgagees shall foreclose the equity of redemption of the hereditaments compiised in his, her, or their mortgage, the mortgagee or mortgagees so foreclosing shall have the same rights in respect of the said deeds and muniments as if such foreclosure had not taken place, and his, her, or their mortgage had remained subsisting. In witness, &c. The 1st Schedule referred to in the above-written Indenture (comprising the mortgaged properties). The 2nd Schedule referred to in the above-written Indenture (comprising the deeds). Digitized by Microsoft® BILLS OF SALE. It is proposed in this Dissertation to consider : — ^l^fX '" (I.) The modes of transfer of personal chattels. (2.) The protection afforded to creditors against secret dispositions of their debtors' chattels by the statutory- provisions for the registration of bills of sale. (3.) In what cases, having regard to the " Bills of Sale Act, 1878," a gift or sale of chattels is liable to be avoided by creditors under the statute 13 Eliz. c. 5, or the trustee of a bankrupt can dispose of chattels in his possession as reputed owner under the order and disposition clause in the " Bankruptcy Act, 1869." (4.^ In what cases a bill of sale is an act of bankruptcy. (5.) The proper mode of framing a bill of sale by way of mortgage, including provisions for extending the security to after-acquired chattels. I. — The modes of transfer of personal chattels. The property in personal chattels may be trans- ^°^^j''g°'j,f ferred, by actual delivery, by deed, or by a contract for p™j°°i sale. A gift of chattels must be by delivery or deed. A ^^^XS""' parol gift is void (a). ™'^- Where actual deHvery of the articles which are the Delivery-: . /» . . "11 • • 1 what 18 subject of the gift is impossible or mconvement, a de- sufficient. livery of some symbol of possession wUl be sufficient, as where the goods are in a warehouse, a delivery of the key (&). The marking of the goods by the pur- chaser has been also held to be a delivery and taking possession (c). (a) Irons v. Smallpiece, 2 B. & 366. Aid. 551 ; Shower v. Pilch, 4 Exch. (c) EUis v. Hunt, 3 T. K. 464 ; 478, 19 L. J. (Ex.) 113. Stoveld v. Hughes, 14 East, 308. (6) Ryall v. Rowler,l Ves. Senr. Digitized by Microsoft® 728 BILLS OK SALE. BUI of sale. A deed or other instrument transferring the property Absolute or in chattels, is usually called a bill of sale. Bills of sale are either absolute, entitling the grantee to im- mediate possession ; or conditional, entitling him to take possession on the performance or non-performance of some condition, e.g., a mortgage, where the mort- gagor is entitled to retain possession until default. Contract A contract for the sale of goods, if of the value of reqm^ftes lOZ. or upwards, must, under the Statute of Frauds, be mkSe"r accompanied by acceptance of part of the goods or pay- Frauds. nient of part of the money as earnest money, by the purchaser, or, there must be a memorandum in writing signed by the parties to be charged, or their agents, and if the contract is not to be performed within a year, a memorandum in writing is necessary, however small may be the value of the goods. Subject to this condition, the contract passes the property in the goods at law, and the vendor is bound .on payment of the full price to deliver them over to the vendee. An agreement letter or memorandum for or relating to the sale of goods, wares, or merchandise, is ex- empted from stamp duty {d), and it is apprehended that this exemption extends to an instrument pur- porting to be a present assignment of this description of property (e). rixtures. Fixtures, i.e., chattels affixed to the land or to a building, are, when so affixed, part of the land, and pass by an assurance of the land itself without being ex- pressly mentioned, and this is so whether the assurance be absolute, or by way of mortgage, legal or equitable (including a deposit of deeds), and whether the person making the assurance, or the depositor, be absolute owner of the land and fixtures, or a lessee of the land who has put up the fixtures and has a right to re- move them as against his landlord (/). But a lessee or tenant having put up fixtures which he has a right to (d) 33 & 34 Vict. c. 97, sch. & G. V25; Clinie «. Wood, L. E. 3 "Agreement." Ex. 328 ; ex parte Astbury, L. K 4 (e) See Horsfall v. Key, VI L. J. Ch. 630; expwrte Broadwood, 1 M. Ex. 266. D. & De G. 621 ; ex parte Price and (J) Colgrave v. Dios Santos, 2 B. another, 2 M. D. & G. 58 ; Meux v. & C. 76 ; Longstaff v. Meagoe, 2 Ad. Jacobs, L. R. 7 H. L. 481. & El. 167 ; ex parte Cotton, 2 M. D. Digitized by Microsoft® BILLS OF SALE. 729 remove, may assign them by deed or writing separately from 'his interest in the land. Such an assignment operates as a transfer of the right of severance, and a licence to the assignee to enter upon the land for the purpose of exercising such right (g). Rights to lixtureB aft between landlord and tenant. Whether tenant may remove green- nouses. (g) Thompson v. Pettit, 16 L. J. Q. B. 162 ; Horsfall v. Key, 17 L. J. Ex. 266. The rule with reference to fixtures as between landlord and tenant is that everything which the latter affixes for the better enjoy- ment of the property during the term, whether the annexation is made for the purpose of trade, or for domestic convenience or ornament, may be removed by him during the term, provided the removal can be made without material injury to the freehold, and provided the fixture is not a substantial addition to the house, similar to the conservatory erected by the tenant in Buckland V. Butterfield, 2 Brod & Bing. 54, or a building with foundations let into the soil, as in the case of White- head V. Bennett, 27 L. J. Ch. 474 ; see also Thresher v. East London Waterworks Company, 2 B. & C. 608. Accordingly, it has been held that vats, colliery engines, looms fastened to the floor, and other fixed machinery, wooden cornices, chim- ney-pieces, fixed wainscot, hangings, pier-glasses, grates, stoves, cooling coppers, blinds, a fixed pump, &o., are removable by the tenant. (Poole's Case, ] Salk. 363 ; Lawton v. Law- ton, 3 Atk. 13 ; Dean v. Allalley, 3 Esp. N. P. C. 11 ; Foley v. Adden- broke, 13 M. & W. 174; Avery v. Cheslyn, 3 Ad. & El. 75; Boyd v. Shorrock, L. R. 5 Eq. 72 ; Grymes V. Boweren, 6 Bing. 437 ; Queen v. Lee, L. R. 1 Q. B. 251 ; Amos & Ferrard's Fixtures, pp. 42, 48, 74, 82, 86.) It appears that an ordinary tenant would not be entitled to remove a greenhouse erected by him which is fixed with mortar to foundation walls of brickwork, or such a thing as a boiler built into the masonry of the bliilding ; but that greenhouses, forcing pits, and hotbed frames erected by nursery gardeners for the purposes of their trade, may be re- moved so far as they do not consist of brickwork. (Jenkins v. Getting, 2 J. & H. 520.) Buildings erected by a rector during his incumbency may be removed by him or his representatives, when if he had been only an ordinary tenant they would have been irremovable. Thus, when a rector built in his garden two hot- houses, consisting of a frame and glass-work resting on brick walls, it was held that his executors were en- titled to remove them without in- curring any liability for dilapidation or waste. (Martin v. Roe, 7 El. & Bl. 237.) Questions often arise as to what Eight to are to be deemed fixtures as between fl^ires as the heir and executor of a deceased heir and owner. The principle is this ; — If executor, machinery or any more or less im- portant article is aftixed by the owner, though it be only shghtly affixed, as by bolts, nuts, or screws, it is to be considered as part of the land, if the object is to increase the value or beneficial enjoyment of the premises, whether the purpose he has in view is profit or domestic convenience or ornament. By way of illustration, the engines which the owner affixed as in the case of Fisher v. Di.von, 12 CI. & Fin. 312, the steam-engine and boilers, miU-gear, &c., erected, as in the case of Mather v. Fraser, 2 K. & J. 536, the threshing-machine attached to the barn to improve its usefubiess as a barn, as in the case of Wiltshear V. CotteriU, 1 E. & B. 674, the hay- cutter attached to the stable as an adjunct and to improve its useful- ness as a stable, as in Walmisley v. Milne, 29 L. J. C. P. 97, and the looms attached to the floors of the mill, as in Holland v. Hodgson, L. R. 7 C. P. Ex. Ch. 328, were held tu be annexations to improve the inherit- ance. (See also Queen v. Lee, L. R. 1 Q. B. 251 ; Longbottom v. Berry, L. R. 5 Q. B. 123.) As to what are not fixtures, see notflirtures. Digitized by Microsoft® 730 BILLS OF SALE. of chattels carries pre- sumption of ownership. Twyne's case. Order and disposition clause of Banlcriiptcy Act, 1869. II. — The 'protection afforded to creditors against secret dispositions of their debtors' chattels, hy the statu- tory provisions for registering hills of sale. The possession of chattels carries with it a presump- tion of ownership which does not arise in relation to a house or land, the occupier of which is as often a tenant as absolute proprietor, and the claim of creditors to some protection against secret aliena,tions of their debtors' goods has from time to time been reboghiseid by the legislature and courts of law. , Thus in Twyne's case, an assignment by a debtor of his goods to one of his creditors was adjudged fraudu- lent and void against another creditor under the Act 13 Eliz. c. 5, on the ground (among others) that the grantor was permitted to retain possession. But in this and subsequent cases, the continuance in posses- sion was treated as a mark only, and not as conclusive evidence of fraud ; and where such possession was con- sistent with the terms of the deed, and the nature of the transaction, as in the case of a mortgage, the sus- picion of fraud was rebutted, and the transaction could not be impeached under the Act of Elizabeth {h). If the grantor of a bill of sale was a trader, and became bankrupt, his creditors had a more effectual remedy under the Bankruptcy law. Thus the "Bank- ruptcy Act, 1869" (i), (following former Acts,) in- cludes as part of the property divisible amongst the creditors of the bankrupt "all goods and chattels being at the commencement of the bankruptcy ijc), in the possession, order, and disposition of the bankrupt, being a trader, by the consent and permission of the true owner of the goods and chattels, of which the bankrupt is reputed owner, or of which he has taken Davis 0. Jones, 2 Bar. & Aid. 165 ; Wansbrougt v. Maton, 4 A. & E. 884 ; Wood v. Hewitt, 14 L. J. Q. B. 247; Penton v. Eobart, 2 East, 90 ; Culling v. Tuffnal, Bui. N. P. 34 ; Holland v. Hodgson, ubi supra, 331 ; a. V. Otley, 1 B. & Ad. 161 ; Ex paHe Astbury, L. R. 4 Ch. 630. (h) 3 Rep. 80. Edwards v. Harben, 2 T. R. 587 J Mai-tindal6 v. Booth, 3 B. & Ad. 498 ; Cooke t. Walker, 3 W. R. 357 ; Weaver v. Joule, 3 C. B. (N. S.) 309 ; Macdonai). Swiney, 8 Ir. C. L. R. 73. See also Wooderman v. Baldock, 6 Taunt. 676. (i) 32 & 33 Vict. c. 71, sec. 15. (/c) i.e., the date of the act of bankruptcy on which the adjudica- tion is granted. See sec. 11 of Bankruptcy Act, 1869. Digitized by Microsoft® Bills of Sale Act, 1878, BILLS OF SALE. 731 upon himself the sale or disposition as owner;" and it <^??«„ 1 i"/Y» PI n appUcable mates no dinerence tor the purpose of this enactment ^'^°^^^' that the biU of sale is a mortgage, and that the mort- ^^"^"-^ gagor's possession is in accordance with its terms (Z). But the order and disposition clause would not apply ^'3'^''og|'t°o„ to chattels which have acquired the character of fix- ^^"^"^l, tures, whether the premises to which they are attached fl^'^'es- be freehold or leasehold, and whether as between land- lord and tenant the fixtures are the absolute property of the landlord, or are removable by the tenant, and whether they are disposed of by the same instrument with the land, or separately (m). In 1854 the first Act (n) was passed for the registra- ^''/^'"^gff^ tion of biUs of sale. This and a supplemental Act andisoo, passed in 1866^ whereby registration was required to be renewed every five years, have been repealed except as regards instruments made before the 1st January, 1879, by the " Bills of Sale Act, 1878," which as from that date regulates the law on the subject. Under the " Bills of Sale Act, 1878 " (41 Vict. c. 31, sects. 3, 8), every bill of sale executed on or after the Jlg^Si 1st January, 1879 (whether the same be absolute or J^^^.'°"=™° subject or not subject to any trust), whereby the holder or grantee has power, either with or without notice, and either immediately or at any future time, to seize or take possession of any personal chattels comprised in or made subject to such bill of sale, must be duly attested and registered as required by the Act, within seven days (o) after the making or giving thereof, and must set forth the consideration for which such bill of sale was given, otherwise such bill of sale is fraudulent and void as against aU trustees of the estate of the grantor in bankruptcy, or liquidation, or under any assignment for the benefit of his creditors, and against execution (l) Freshney v. Kerrick, 1 H. & between two bills of sale of the ^between N. 653, 26 L. J. Ex. 129 ; Spackman same chattels, the seven days here ^e,*<5a?e "/ V. Miller, 9 Jwc. N. S. 50. mentioned are not allowed for regis- registration, (m) Ex parte Barclay, 5 De G. M. tration. It follows that as between "^^K™"™ & G. 403 ; Whitmore v. Empsqn, 23 several bills of sale, the date of re- ^™" ^" Beav. 313 ; Mather v. Eraser, 2 K. & gistration will determine the prio- J. 536 ; Walmisley v. Milne, 29 rity, so that it will be prudent for a L. J. (N. S.) C. P. 97. person lending money on a bill of (n) 17 & IS Vict. c. 36. sale to retain the control over his (o) On reference to section 10, money, until the deed has been pre- injra, p. 740, it will be seen that as sented to the registrar. Digitized by Microsoft® 732 BILLS OF SALE. What are bills of sale aDd personal chattels, and what is apparent possession within Apt. Interpreta tion of terms. Bill of sale. creditors, so far as regards the property in or right to the possession of any chattels comprised in such bill of sale, which at or after the filing of the bankruptcy or liquidation petition, or the execution of the assignment, or th6 execution of process, and after the expiration of such seven days, are in the possession or apparent pos- session of the parties {p). The following sections of the Act define and explain what are to be deemed " bills of sale" and " personal chattels " for the purposes of the Act, and under what circumstances personal chattels will be deemed to be in the "apparent possession" of the grantor. Sec. 4. In this Act the following words and expressions stall have the meanings in this section assigned to them respectively, unless there te something in the subject or context repugnant to such construction ; (that is to say) : The expression " bill of sale " shall include bills of sale, assign- ments, transfers, declarations of trust without transfer, inventories of goods with receipt thereto attached, or receipts for purchase moneys of goods (q), and other assurances of personal chattels, and also powers of attorney, authorities, or licenses to take pos- session of personal chattels as security for any debt, and also any' agreement,whether intended or not to be followed by the execu- tion of any other instrument, by which a right in equity to any personal chattels, or to any charge or security thereon, shall be conferred, but shall not include the following documents ; that is to say, assignments for the benefit of the creditors of the person making or giving the same, marriage settlements, trans- fers or assignments of any ship or vessel or any share thereof, transfers of goods in the ordinary course of business of any trade or calling, bills of sale of goods in foreign parts or at sea, bills of lading, India warrants, warehouse keepers' certifi- cates, warrants or orders for the delivery of goods, or any other documents used in the ordinary course of business as proof of the possession or control of goods, or authorising or purport- ing to authorise, either by indorsement or by delivery, the possessor of such document to transfer or receive goods thereby represented : (p) Sects. 3, 8. Under the Act of 1854 twenty-one days were allowed for registration. (g) Under the Act of 1854 a receipt for the purchase money of goods was held not to be a hill of sale. Byerley v. Prevost, L. R. 6 C. P. 144. Digitized by Microsoft® BILLS OF SALE. 733 The expression " personal chattels " shall mean goods, furni- ^^JJ^^ ture, and other articles capable of complete transfer by delivery, and (when separately assigned or charged) fixtures and growing crops, but shall not include chattel interests in real estate, nor fixtures (except trade machinery as hereinafter defined), when assigned together with a freehold or leasehold interest in any land or building to which they are afiixed, nor growing crops when assigned together with any interest in the land on which they grow, nor shares or interests in the stock, funds, or securities of any government, or in the capital or property of incorporated or joint-stock companies, nor choses in action, nor any stock or produce upon any farm or lands which by virtue of any covenant or agreement or of the custom of the country ought not to be removed from any farm where the same are at the time of making or giving of such bill of sale : Personal chattels shall be deemed to be in the " apparent Apparent possession " of the person making or giving a bill of sale, so long as they remain or are in or upon any house, mill, ware- house, building, works, yard, land, or other premises occupied by him, or are used and enjoyed by him in any place whatso- ever, notwithstanding that formal possession thereof may have been taken by or given to any other person. Sec. 5. From and after the commencement of this Act, trade Application machinery shall, for the purposes of this Act, be deemed to be trade ma- personal chattels, and any mode of disposition of trade ma- chinery by the owner thereof which would be a bill of sale as to any other personal chattels shall be deemed to be a bill of sale within the meaning of this Act. For the purposes of this Act — " Trade machinery " means the machinery used in or attached to any factory or workshop ; 1st. Exclusive of the fixed motive powers, such as the water-wheels and steam en- gines, and the steam-boilers, donkey engines, and other fixed appurtenances of the said motive powers ; and 2ud. Exclusive of the fixed power machinery, such as the shafts, wheels, drums, and their fixed appurtenances, which transmit the action of the motive powers to the other machinery fixed and loose ; and 3rd. Exclusive of the pipes for steam, gas, and water in the factory or workshop. The machinery or efiects excluded by this section from the definition of trade ma- chinery shall not be deemed to be personal chattels within the meaning of this Act. " Factory or workshop " means any Digitized by Microsoft® 734 BILLS OF SALE. Certain instruments giving powers of distress to lie subject to this Act. Fixtures or growing crops not to be deemed separately assigned ■when tlie land passes by the same instrument. premises on which any manual labour is exercised by way of trade, or for purpo.ses of gain, in or incidental to the following purposes or any of them ; that is to say, (a.) In or incidental to the making any article or part of an article ; or (b.) In or incidental to the altering, repairing, ornamenting, finishing, of any article; or (c.) In or incidental to the adapting for sale any article. Sec. 6. Every attornment, instrument, or agreement, not being a mining lease, whereby a power of distress is given or agreed to be given by any person to any other person by way of security for any present, future, or contingent debt or advance, and whereby any rent is reserved or made payable as a mode of providing for the payment of interest on such debt or advance, or otherwise for the purpose of such security only, shall be deemed to be a bill of sale, within the meaning of this Act, of any personal chattels which may be seized or taken under such power of distress. Provided, that nothing in this section shall extend to any mortgage of any estate or interest in any land, tenement, or hereditament which the mortgagee, being in possession, shall have demised to the mortgagor as his tenant at a fair and reasonable rent (a). Sec. 7. No fixtures or growing crops shall be deemed, under this Act, to be separately assigned or charged by reason only that they are assigned by separate words, or that power is given to sever them from the land or building to which they are affixed, or from the land on which they grow, without other- wise taking possession of or dealing with such land or building, or land, if by the same instrument any freehold or leasehold interest in the land or building to which such fixtures are affixed, or in the land on which such crops grow, is also con- veyed or assigned to the same persons or person. The same rule of construction shall be applied to all deeds or instruments, including fixtures or growing crops, executed before the commencement of this Act, and then subsisting and in force, in all questions arising under any bankruptcy, liquida- tion, assignment for the benefit of creditors, or execution of any process of any court, which shall take place or be issued after the commencement of this Act. (a) As to the construction of this proviso, see the " Addenda," at the beginning of this Volume. See also infrA, p. 737, as to the effect of section 6 generally. Digitized by Microsoft® BILLS OJF SALE. 735 Under the Act of 1854, fixtures were included in Result of the definition of personal chattels without any quahfi- onX^S cation, and the question arose in several cases whether fixtures." a mortgage of land including fixtures was hable to registration on that account. The result of the de- cisions was that a mortgage of freeholds or leaseholds, and the fixtures attached, or of freeholds or leaseholds without additional words, (the efiect of which would be, a^ has been already stated, to carry the fixtures also), which contained no power to sell or sever the fixtures, or otherwise deal with them as a separate property, did not require to be registered ; whereas a mortgage of fixtures as a separate property, either by being assigned without the freehold or leasehold interest, or by being assigned in connection with the leasehold in- terest, as to the leaseholds for the residue of the term, and as to the fixtures absolutely, or by being assigned in connection with the leasehold interest, but with power to sell or sever them, required registration (o-). "Growing crops" were not mentioned in the Act of Growing 1854, and it was held that they were not personal chattels within its meaning (s). The effect of the enactments as regards fixtures and direct of growing crops may be thus stated : — as to (1.) Whenever by any subsisting instrument exe- growing \ ' «/ t/ ^ crops cuted before the 1st January, 1879, an owner (t) of i. Asto fixtures of any description has assigned or charged made'™efSre them separately, and the instrument contains no con- veyance, assignment, or charge of any interest in the land or building to which the fixtures are attached, such an instrument is a bill of sale, and ought to have been registered under the Act of 1854 ; but if the in- strument contains a conveyance, assignment, or charge of some freehold or leasehold interest in the land or building in favour of the same person or persons, such instrument need not be registered, although the fix- (r) Mather v. Eraser, 2 K. & J. C. D. 503. 536 ; Waterfall i>. Penistone, 6 El. & (s) Branton v. Griffits, L. E. 2 C. Bl. 886 ; Whitmore v. Empson, 23 P. D. 212. Beav. 313; Hawtry v. Butlin, L. E. (t) The term " owner " in this and 8 Q. B. 290 ; Ex parte Daglish, L. E. the following paragraphs includes a 8 Ch. 1072 ; Ex parte Barclay, L. E. lessee or tenant who has a right to 9 Ch. 576 ; Meux v. .Tacohs, L. E. 7 remove fixtures as against his land- H. L. 481 ; In re Eslick, L. E. 4 lord. Digitized by Microsoft® 1879. 736 BILLS OF SALE. ,2. Instru- ments made alter 1878 must be registered, if fixtures or crops are separately. 3. Secmil assigned with a free- hold or leasehold interest in land, except as to trade machinery 4. Instru- ment made after 1878, assigning 'trade machinery must be As to fixtures attached to copyholds. tures may have been assigned by separate words, or a power may have been given to the grantee to sever them. (2). Whenever by an instrument executed subse- quently to 1878, an owner of fixtures of any descrip- tion, or of growing crops, assigns or charges them separately without including therein any interest in the land or building to which they are attached, or the land on which they grow, such instrument is a bill of sale, and must be registered under the Act of 1878. (3). Whenever by an instrument executed subse- quently to 1878, an owner of fixtures (except trade machinery as defined by the Act of 1878), or of grow- ing crops, assigns or charges them, and by the same instrument assigns or charges to the same person or persons any freehold or leasehold interest in the land or building to which such fixtures are attached, or in the land on which the crops are growing, then, although such fixtures or crops may be assigned by separate words, or a power may be given to sever them from the land or building, such instrument will not require to be registered. (4). Whenever by an instrument executed subse- quently to 1878, " trade machinery" as defined by the Act of 1878 is assigned or charged, either separately or in connection with any interest in the building to which it is aflSxed, or the building itself is conveyed, assigned, or charged, without any express mention of the trade machinery, but so as to pass such machinery as appurtenant thereto, such instrument is a bill of sale so far as regards the trade machinery, and will require registration. It will be noticed that the above sections of the Act of 1878, omit all mention of fixtures when assigned or charged in connection with copyhold land or buildings. It is apprehended, however, that the same rules will apply to copyholds, so that if fixtures attached to a copyhold building are mortgaged separately, the in- strument will require registration, but a conditional surrender, or equitable mortgage by deed or writing, of the land or building, either with or without express mention of the fixtures, will be good against creditors. Digitized by Microsoft® BILLS OF SALE. 737 &c., without registration, except as regards trade ma- chinery within the meaning of section 5. In several cases the question arose with reference Agreements to the Act of 1854, whether' agreements for bills of safe must sale required registration, and was not satisfactorily mdef^w * settled (t). _ The Act of 1878 puts an end to all doubt '"''' on this point by including such agreements in the definition of bills of sale. It is usual and proper when a mortgagor is himself in Practice of the occupation of the mortgaged property, to make him attornment attorn tenant to the mortgagee at a rent equal to the mortgages interest, the object being to give to the latter a speedy mortgagor remedy for his interest if in arrear, instead of being notTSd obHged to take possession. The eflPect of section 6 will ^ ^ ' "' be to prevent the mortgagee from distraining under the attornment clause any goods belonging to the mort- gagor after he has become bankrupt, or after the goods have been taken by an execution creditor, but the power of distress will remain in full force as against the mortgagor himself The practice of inserting the clause will not be affected by the new enactment (u). The Act of 1878 (like the Act of 1874) makes the^aus^^ unregistered bill of sale void, if the goods remain in ^Jj^^^^j the possession or apparent possession of the erantor. ofth" , TXT1 j_ ' -^ '-. T ■*■ 1^ 1 apparent What IS necessary m order to put an end to the p,"^"^"^™ grantor's apparent possession has been the subject of several decisions, from which it will be seen that the grantee by himself or his agent must obtain actual possession, and exclude the grantor from the use and enjoyment of them. In a case where an assignee of c^j^sot^^^ furniture sent a person into the house to take and keep, and who took and kept possession, but the assignor down to the date of his bankruptcy con- tinued to live in the house and use the furniture as (t) Ex parte Homan, L. K. 12 value of the property, so that in Eq. 598 ; Taylor v. Eokersley, L. E. case of a bankruptcy the mortgagee 5 Ch. D. 740 ; contrd, Ex parte might seize the mortgagor's goods Mackay, L. R. 8 Ch. 643. by a distraint, aud thus obtain pre- Attomment (u) Before the Act of 1878 it was ference over the other creditors. f't?°d d sometimes attempted to defeat the Such a device was adjudged to defeat" ° policy of the bankrupt kw by the be void in a recent case. Ex policy of contrivance of an attornment clause parte Williams, L. R. 7 Ch. V. Uw.'^void reserving a rent exceeding the inte- 138. under Act rest of the money or the annual ""«**■ VOL. 1. 3 B Digitized by Microsoft® 738 BILLS OF SALE. before, it was held that the furniture was in the ap- parent possession of the bankrupt within the meaning of the " Bills of Sale Act " (v). In Lems v. Hender- son {x), the holder of a bill of sale took possession of the furniture by sending in a broker's man, who re- mained in the house and slept in an upper room, but did not remove the furniture nor interfere with the use of it by the grantor. At a subsequent time pla- cards were posted in the neighbourhood of the house, announcing a sale of the furniture on a specified day, but there was nothing in them from which it could be inferred that the sale was not made by the grantor. It was held that the possession taken by the grantee was only formal. And in another case, the grantees endeavoured unsuccessfully to get possession of the goods, and it was held, though such endeavour would have been sufficient under the Bankruptcy Act, it did not satisfy the requirements of the Bills of Sale- Act (y). But the mere fact of the goods remaining in the house where the grantor resides is not fatal, if they have ceased to be in his actual or apparent possession. Thus, in Smith v. Wall (z), the mortgagee put a man into possession in the house of the mortgagor ; the doors were kept locked, and the business of the" mort- gagor was stopped, and the key was kept by the man in possession. On a subsequent day, printed notices announcing a sale by auction of the goods were posted outside the house and in places about the neighbour- hood, and the catalogue stated that the sale would take place under the bill of sale. The debtor remained on the premises contrary to the officer's wishes, as he said he could not get lodgings elsewhere. Between the issuing of the notices and the sale an execution against the debtor was put in, the bailiff procuring admission by knocking at the door, and when it was opened forcing his way in. It was held that the goods were not in the actual possession of the grantor, and there- fore not within the provisions of the Bills of Sale (v) Ex parte Hooman, L. R. 10 D. 285. Eq. 63. («) 18 L. T. N. S. 182. See also (x) L. E. 6 Ch. 626. Gougli v. Everard, 2 H. & C. 1, 12. (y) Ancona v. Rogers, L. R. 1 Ex. Digitized by Microsoft® BILLS OF SALE, 739 Act. In another case (a), the grantor was tenant of the rooms where the goods were kept, but did not reside there. Having made default, he dehvered the keys of the room to the grantee, who put his name on some of them ; none, however, were removed. The goods were decided not to be in the apparent pos- session of the grantor. As regards the seven days allowed for registration, BuiofsaiG it was held in Marples v. Hartley {b), that if the w^'iS'the sheriff took goods in execution before the expiration of b7theAct° twenty-one days allowed by the Act of 1854, the fx°cuS'to grantee was not prevented from setting up the bill of ume"™"" sale, although unregistered ; and it is apprehended that the rule will be the same under the Act of 1878, substituting seven for twenty-one days. Under the Act of 1854, the device was sometimes Repeated adopted, when it was wished to avoid registration as mK saie. long as possible, of repeatedly renewing the bill of sale, each renewal being within the twenty-one days allowed by that Act, and the instrument for the time being in force being registered when an execution or a bankruptcy became imminent (c). This device is effectually prevented in future by the following enact- ment : — Sect. 9. Where a subsequent bill of sale is executed within or on the expiration of seven days after the execution of a prior unregistered bill of sale, and comprises all or any part of the personal chattels comprised in such prior bill of sale, then, if such subsequent bill of sale is given as a security for the same debt as is secured by the prior bill of sale, or for any part of such debt, it shall, to the extent to which it is a security for the same debt or part thereof, and so far as respects the persona] chattels or part thereof comprised in the prior bill, be absolutely void, unless it is proved to the satisfaction of the Court having cognisance of the case that the subsequent bill of sale was bond fide given for the purpose of correcting some material error in the prior bill of sale, and not for the purpose of evading this Act. (a) Robinson v. Briggs, L. R. 6 (c) Smale v. Burr, L. R. 8 C. P. jjxch 1 64 ; Ramsden v. Lupton, L. R. 9 (hM Jur. N. S. 446 : 30 L. J. Q. B. 17 ; Ex parte Jackson, L. R. Q.t. 92. 4 C. D. 682. 3 B 2 Digitized by Microsoft® 740 BILLS OF SALE. The following sections state the mode of registering bills of sale : Modes of Sect. 10. A bill of sale shall be attested and registered wusofsaie. Under this Act in the following manner : (1.) The execution of every bill of sale shall be attested by a solicitor of the Supreme Court, and theH attestation shall state that before the execution of the bill of sale the effect thereof has been explained to the grantor by the attesting solicitor : (2.) Such bill, with every schedule or inventory thereto annexed or therein referred to, and also a true copy of such bill and of every such schedule or inventory, and of every attestation of the execution of such bill of sale, together with an affidavit of the time of such bill of sale being made or given, and of its due execution and attesta- tion, and a description of the residence and occupation of the person making or giving the same (or in case the same is made or given by any person under or in the execution of any process, then a description of the residence and occupation of the person against whom such process issued), and of every attesting witness to such bill of sale, shall be pre- sented to, and the said copy and affidavit shall be filed with the registrar within seven clear days after the making or giving of such bill of sale, in like manner as a warrant of attorney in any personal action given by a trader is now by law required to be filed : (3.) If the bill of sale is made or given subject to any defeasance or condition, or declaration of trust (d) not con- tained in the body thereof, such defeasance, condition, or decla- ration shall be deemed to be part of the bill, and shall be written on the same paper or parchment therewith before the registration, and shall be truly set forth in the copy filed under this Act therewith and as part thereof, otherwise the registra- tion shall be void : In case two or more bills of sale are given, comprising in whole or in part any of the same chattels, they shall have priority in the order of the date of their registration respec- tively as i-egards such chattels. A transfer or assignment of a registered bill of sale need not be registered. (d) Tlie declaration of trust re- being really advanced by B., it was ferred to in this section means a decided that it was not necessary to declaration of trust in favour of the state this fact on the bill of sale, grantor. Consequently where a bill Robinson v. Collingwood, 34 L. J. of sale was made to A., the money 0. P. 18. Digitized by Microsoft® BILLS OF SALE. 741 Sect. 11. The registration of a bill of sale, whether executed f^^ation. before or after the commencement of this Act, must be renewed once at least every five yewrs, and if a period of five years , elapses from the registration or renewed registration of a bill of sale without a renewal or further renewal (as the case may be), the registration shall become void. The renewal of a registration shall be effected by filing with the registrar an affidavit stating the date of the bill of sale and of the last registration thereof, and the names, residences, and occupations of the parties thereto as stated therein, and that the bill of sale is still a subsisting security. Every such affidavit may be in the form set forth in the Schedule (A.) to this Act annexed. A renewal of registration shall not become necessary by reason only of a transfer or assignment of a bill of sale. It was decided with reference to the Act of 1854, fji'°f ^ ^ ^ ^ ' iy54 con- that registration conferred no priority as between the p^rft^'"^ holders of two successive bills of sale, so that if a gu*^o*g™ye person made two successive bills of the same goods in ^S]^™ "/i^ favour of A. and B., and B. registered his, but A. neglected to do so, as between A. and B., A.'s title would prevail. But it was also held that if the goods, Effect of while in the grantor's possession, were taken in execu- execution t^ crGtlitor tion by a creditor or (the grantor not being a trader) or trustee in sold by the trustee in bankruptcy, the execution or when the ' sale displaced A.'s title, and the proceeds would beofsaie, and payable to B. (e). And if both bills of sale were is regis- ' registered, and B., the holder of the second one, took possession, and then the grantor, being a trader, be- came bankrupt, B.'s possession excluded the claim of the trustee in bankruptcy, but did not give him priority over A. (/). It will be seen that sect. 10 of the Act of 1878 ^^^^''^^j?^ makes the priority in rank depend in future on the depends ou priority m order oi date oi registration. registration. The remaining sections of the Act are of a formal nature, except sect. 20, which is of special importance. (e) See Edwards v. English, 7 EI. Cooper, 3 H. & N. 384 ; Meux v. & Bl. 564 ; 26 L. J. Q. B. 193 ; Jacobs, L. R. 7 H. L. 481. Richards v. James, L. K. 2 Q. B. (/) Ex parte Allen, L. R. 11 Eq. , 285 ; Ee Barrand, L. R. 3 C. D. 209. 324 ; 4 C. D. 23 ; Nicholson v. Digitized by Microsoft® 742 BILLS OF SALE, iI'=T.^' The Act 13 Eliz. c. 5, and the doctrine established ipplioawe. ^^ Twynes case as regards the effect of the grantor's continuance in possession, has been practically obsolete since the passing of the first Registration Act of 1854, dUposMion S^^ *^e ^ct of 1854 left in full forcie the order and Sedby disposition clause in the Bankruptcy. Act, so that Acto(i854; ciiattels comprised in a bill of sale duly registered under that Act were still liable to be sold by the trustee in bankruptcy, if the grantor was a trader and hut ex- remained in possession [g). But this is now altered Act of 1878 by sect. 20 of the Act of 1878, which provides as in reference n •t-i ^ to registered lOllOWS : ■ bills of sale. Sect. 20. Chattels comprised in a bill of sale -which has been and continues to be duly registered under this Act shall not be deemed to be in the possession, order, or disposition of the grantor of the bill of sale within the meaning of the Bankruptcy Act, 1869. The joint effect of this section and of sect. 23 is, that a bill of sale of personal chattels made by a trader before the 1st January, 1879, and still subsisting, is, notwithstanding registration, void against the trustee, in bankruptcy if the grantor remains in possession as reputed owner until his bankruptcy ; but that a bill of sale made on or after the 1st January, 1879, if duly registered, is valid as against such trustee, notwith- standing the grantor's continuance in possession. Formalities It uow Only remaius to mention some cases which ser^ed^" havo boou docided in reference to the formalities con- ^statSn nected with registration. These decisions were all '*°*' under the Act of 1854, but are equally applicable to registration under the new Act. Occupation The affidavit to be filed with the bill of sale must aiidttS state the residence and occupation of the ass%nor and Ss must every attesting witness. " Gentleman " is not a sufH- ]Sid"it " cient description of a solicitor or of a solicitor's clerk (A), (g) Hornsby v. Miller, 5 Jiir. (N. 222 ; Badger v. Shaw, 29 L. J. Q. B. S.) 938, 28 L. J. Q. B. 99 ; Freshney 73. V. Keriiclc, 1 H. & N. 653 ; Spack- Qi) Tuton v. Sanoner, 4 Jur. N. man v. Miller, 9 Jur. N. S. 50 ; S. 365 ; 27 L. J. Ex. 293 : Dryden Stansfield v. Cubitt, 2 De G. & .T. v. Hope, 9 W. E. 18. Digitized by Microsoft® BILLS OF SALE. 743 or of a clerk in the audit office (i), or of any person JiSc?ency having a fixed profession, business, or avocation (j) ; ^0^'^"''" but it is not necessary to mention an avocation which has only been temporarily or casually followed, or one in which he is not at present actively engaged; being out of employment (k). A lessee and manager of a theatre, or a merchant, is not properly described as " esquire " (l), nor a clerk in an accountant's department as an " accountant " (m). On the other hand, a clerk in the Admiralty has been held to be sufficiently described as a government clerk (n). The residence meant by the Act is the place where the person carries on business and can be found during the day, not the place where he merely sleeps at night (o). Where a house is in a street, the No. must be accurately stated {p) ; but if the description given is such as cannot mislead creditors, an unimpor- tant mistake wiU not be fatal, as where New Street, Blackfriars, was stated as in the county of Middlesex instead of in the City of London (q). It is not necessary to state in an affidavit verifying a bill of sale the occupation of the maker at the time when the affidavit is filed. It is enough to state his occupation at the date w;hen the bill was executed (r). An affidavit filed with a biU of sale, describing a company by its name, and stating the address of its principal office, is a sufficient compliance with the Act(s). It is not sufficient that the bill of sale contains a Affidavit description of the residence and occupation of the as- teSth™' signor and the attesting witnesses : the affidavit filed eitS^ex-" (i) Allen v. Thomson, 2 Jur. (o) Attenborough v. Thompson, N. S. 45. 3 Jur. N. S. 1307 ;' Blackwell v. (j) Adams v. Graham, 33 L. J. England, 8 El. & Bl. 541 ; Briggs v. Q. B. 71 ; Beale v. Tennant, 6 Jur. Moss, L. E. 3 Q. B. 268 ; Hewer N. S. 628. V. Cox, 30 L. J. Q. B. 73. (k) Brodrick v. Scale, L. R. 6 (») Murray v. Mackenzie, L. R. C. P. 98 ; Smith v. Cheese, L. E. 1 10 0. P. 625. C. P. D. 60 ; Morewood v. South (q) Hewer v. Cox, 30 L. J. Q. B. Yorkshire Company, 28 L. .7. Ex. 114. 73. {Pi JEx parte Hooman, L. R. 10 (r) Westminster Loan and Dis- Eq. 63 ; Be O'Connor, 27 L. T. 27. count Company v. Chace, 31 L. J. (m) Larchin v. North - Western C. P. 311. Deposit Bank, L. R. 8 Exch. 80. (s) Shears v. Jacob, L. E. 1 C. P. (n) Grant v. Sha*, L. R. 7 Q. B. 513. 700. Digitized by Microsoft® 744 BILLS OF SALE. pressiy or ^ith the bill of Sale must contain such description also, oy refur- , , , ■*■ ' ence. either expressly or by reference. Thus it is not suffi- cient to state in the affidavit that the grantor is the person named in the bill of sale unless it be averred that he is truly described therein (t). III. In what cases, having regard to the Bills of Sale Act, 1878, a gift or sale of personal chattels is liable to he avoided under the statute 13 Eliz., or the trustees of a bankrupt can dispose of chattels in his possession as reputed owner under the order and disposition clause of the Bankruptcy Act. tte^^tttis -'-* ^^^ heen already stated that the Act 13 EHz. toeSs of ^- ^> ^° ^^^ ^^ ^'^ renders bills of sale voidable against teited'"" creditors by reason of the continuance in possession of if mL' 0. 6 ^^^ grantor has been practically superseded by the But Act enactments requiring registration. If, however, a gift othCT ca*s°s. or sale is carried into effect by mere delivery of the goods so as not to be within the operation of the Bills of Sale Act, 1878, the Act of Eliz. would still apply, and if the donor or vendor after such delivery was allowed to retake and to remain in possession, the primd facie presumption of fraud would require to be rebutted by evidence of hona fides. A bond fide agreement that the vendor should retain the goods on hire would be sufficient {u). Actual fraud Actual fraud will always invalidate an alienation, bills of sale whether by registered bill of sale or otherwise, and a tary buis voluntarv bill of sale of chattels whether resfistered or of ^ftlp void ^^ if donor not, like any other voluntary conveyance of real or per- sonal property, is under the Act of Elizabeth fraudulent and void against creditors, if the donor is at the time of making it in insolvent circumstances {x). Although marriage is a valuable consideration, a settlement will be void under the Act of Elizabeth if. the celebration of marriage is made part of a scheme for defeating the rights of creditors {y). (t) Hatton V. English, 7 El. & B. C. P. 144. See also Kidd v. Raw- 94 ; 26 L. J. Q. B. 161 ; Pickard linson, 2 Bos. & Pul. 59. V. Bretts, 29 L. J. Ex. 18; see also (x) See Vol. 2, Settlements, p. 193, Wilooxon V. Searby, 29 L. J. Ex. et seq. 154. (i/) Colombine v. Penhall, 1 Sm. (m) Byerley v. Prevost, L. R. 6 & Giff. 228 ; see also Penhall v. El- Digitized by Microsoft® BILLS OF SALE. 745 It has also been already stated that the order and?.'^^'"?/ T •■• 1 • n -r> 1 1 A -n ■ disposition disposition clause m the Uankruptcy Act, 1869, will m ^^^^^^ future have no application to chattels comprised in a ^i"™ "'.i "' registered bUl of sale, nor does it apply if the bill of t«'^«^™'i«'^ 1 ■ 1 -1 11 • 1 1 • new Act, sale IS not registered, because m such case the instru- ment is void as against the trustee in bankruptcy, and the goods vest in him as if no bill of sale had been made, without the aid of the clause. The order and disposition clause, however, remains ?>»' remains /».-, 11 r* ^^ force in m lorce in other cases, where the true owner of goods "'•""' '='"^'- allows another to remain in possession as reputed owner until the bankruptcy. If a tradesman in the ordinary course of his busi- °<"=« "j."' ness has in his possession the goods of customers, such ^^^^■'^■ possession does not constitute him reputed owner, and S^J^th^TiLr the goods will not pass to his assignees on his bank- ^°^^ "' ruptcy. Thus, books deposited by the owner with a bookseller, and kept by him as a part of his general stock, and sold on commission, are not in the order and disposition of the bookseller (z). So books left with a publisher for sale in the usual course of trade do not, upon his bankruptcy, pass to his assignees (a). So also carriages kept on the premises of a coach- ^e^^"^ maker for the true owner, although they may be placed 2^^; in his front window and actually sold, are not in his order and disposition, as it is the custom of coach- makers to keep carriages after they are made and to exhibit them for display (b). So if a ship in course of construction is in the yard of the shipbuilder, or goods are being manufactured, such ship or goods if purchased are not in the order and disposition of the shipbuilder or manufacturer (c). And in a case where a 'person advanced money on a ship in course of construction and took an assignment of such ship by way of mortgage to secure the repayment of the advance, it was held that the mortgage was good as against the assignees in bankruptcy of the shipbuilder {d). win 1 Sm. & Giff. 258 ; Bulmer v. (b) Bartnim v. Payne, 3 Car. & P. Hunter, L. E. 8 Eq. 46. 175. (z) Whitfield v. Brand, 16 M. & (c) Holdemess w. Rankin, 28 Beav. yff 232. 150 ; Swainston v. Clay, 4 GifF. (a) Greenwood, ex parte Thick- 187. broom, 6 L. T. N. S. 558. (rf) Swainston i\ Clay, ubi supra. Digitized by Microsoft® 746 BILLS OF SALE. Farming produce left on faim after sale. Goods in possession of bankrupt on a con- tract of hiring. Settlement of personal chattels supported against husband's bankruptcy. There are also other instances in which custom will take the case out of the rule of reputed ownership. Thus where farming produce was purchased, and the price was paid before the bankruptcy, but it appeared to be the custom of farmers to leave such produce upon the farm of the seller until it suited the convenience of the buyer to take it away, it was held that this custom exempted such produce from passing to the assignees under the law of reputed ownership (e) ; and a similar decision was given in a case where butts of whisky were, in accordance with the custom of the trade, allowed to remain in the vendor's bonded warehouse after a sale (/). Where a trader sells chattels and continues in pos- session on a contract of hiring and then becomes bankrupt, the goods will pass to his assignees, unless the change of ownership has been made notorious (g), or unless the sale has been carried into eflPect by a bill of sale registered under the Bills of Sale Act, 1878 {h), or unless it is a well-known custom in the trade for goods of that description to be held on hire. And where there is no relation of vendor and purchaser, but the owner of chattels lets them to a trader who be- comes bankrupt, the right of the owner as against the trustee in bankruptcy will still depend on whether such taking on hire is in accordance with notorious usage (i). An antenuptial settlement whereby furniture or other chattels belonging either to the wife or the husband are assigned to a trustee in trust for the wife for her separate use is good against the trustee in bankruptcy of the husband, although at the date of the bankruptcy the goods are* in the house in which they both reside (k), and the deed need not be registered, being excluded from the operation of the Bills of Sale Act. (e) Terry, In n, 11 W. E. 113. (/) Ex 'parte Watkins, 8 Ch. 520 ; In re Matthews, L. R. 1 0. D. 501. {g) Lingard v. Messiter, 1 B. & C. 308 ; Liiigham u. Biggs, 1 Bos. & Pul. 384 ; Ex parte Lovering, L. R. 9 Ch. 621. (h) Sect. 20. (i) Horn v. Baker, 9 East, 215 ; Rufford V. Bishop, 5 Russ. 346 ; Ex pwrte Powell, L. R. 1 0. D. 501 ; Mullet V. Green, 8 Car. & P. 382. See In re Hill, L. R. 1 C. D. 503, n. (K) Simmons v. Edwards, 16 M. & W. 838 ; see also Haselinton v. Gill, 3 T. R. 620 ; 1 E. & C. 666. Digitized by Microsoft® BILLS OF SALE. 747 A bond fide post-nuptial settlement made by a fg°J^™Pte' husband for the benefit of his wife, of furniture and of personal other household effects which are in his possession at the date of the deed, is good, without any alteration of possession, and could not be defeated by his creditors, either under the 13th Eliz. c. 5, or in the event of his future bankruptcy, provided the settlement is duly registered in compliance with the provisions of the Bills of Sale Act {I). If durinsf the coverture furtiiture and other household ^^^}^.^- n* Pill 11*1 * t ' ' • band of hia effects of the husband, which are m the lomt possession ft'rn't">-e to n 1 * in 11' ' n 1111" 1 ^ purchaser of himself and his wife, are sold by him to a purchaser r^ 'V;t"«» who then settles them on the wife for her separate use, wife for he such a settlement would, it is apprehended, be good as "s"- against the husband's creditors without any change of possession, if the sale is carried into effect by a bill of sale duly registered under the Act, and such bill of sale is followed by the settlement. The settlement would not require to be registered, as the settlor was never in possession of the goods. In order to confer on the trustee in bankruptcy a in order to • f it t T iji 1 IT'" come withiu riffht to sell the eroods under the order and disposition the order t -I I'lill iJ • ^n*^ dispo- clause, they must be in the bankrupt s possession as 8i«on ^^ 1 jn I- f n ^ 1 1 •n.i clause the reputed owner at the time of the bankruptcy, with the ff^^^^ consent of the true owner. If therefore the real owner ""p^^^p"^;^ has withdrawn his consent and taken steps to take consent of possession, even though he may not have succeeded owing to the refusal of the debtor to give them up or otherwise, the title of the trustee will be excluded (m). So also if the debtor has obtained possession of goods fraudulently, the right of the defrauded person to get them back is not defeated by the former's bankruptcy, unless the latter has known of the fraud for some time before the bankruptcy and delayed unreasonably to assert his right («). In this respect there is an import- ant difference between the " apparent possession " named in the Bills of Sale Act, and " order and dis- position " under the Bankruptcy Act. O) Ashton V. Blaekshaw, L. R. 9 48 ; & Eslick, L. R. 4 C. D. 496 ; Eq. 510 ; Ex parte Coi, L. R. 1 C. Taylor v. Eckersley, L. R. 5 C. D. D. 302. 740. (m) Smith v. Topping, 5 B. & Ad. (n) Load v. Green, 15 M. & W. 674 ; Ex parte Harris, L. R. 8 Ci. 216 ; 15 L. J. Ex. ll.'H. Digitized by Microsoft® 748 BILLS OF SALE. held b*^ Property held by the bankrupt in trust for any other *™^p^'^e^- person is expressly excepted from the Bankruptcy Bankruptcy ^ct (o). Order and WhenevBr possession is obtained, or possession is de- ciSlfdo" manded, between the act of bankruptcy of the debtor wherellfs- and the date of the adjudication without notice on the SbSa'or part of the grantee of such act of bankruptcy, the wSu/ order and disposition clause of the Bankruptcy Act tweenaotot wiU uot apply, as such possession or demand would be and^^f*"^ a dealing with the bankrupt within the meaning and judication. pj.Q^e(.^j[Qjj of ^j^g QHh sectiou, sub-section 3, of the Bankruptcy Act, 1869, which provides that nothing shall render invalid any contract or dealing with any bankrupt made in good faith, and for valuable con- sideration, before the date of the order of adjudication, by a person not having at the time of making such contract or dealing notice of any act of bankruptcy committed by the bankrupt, and available against him for adjudication (p). And the owner may avail him- self of this clause, although he may have been informed before taking possession that an act of bankruptcy is in contemplation (q). IV. Under what circumstances a hill of sale of per- sonal chattels is an act of bankruptcy. 67th section The 67th section of the Bankruptcy Act, 1849, pro- mptoy Act, vldod that if any trader should procure himself or his goods to be taken in execution, or make any fraudulent grant or conveyance of any of his lands, tenements, goods, or chattels, or make any fraudulent gift, de- livery, or transfer of any of his goods or chattels, such trader procuring or making the same with the intent to delay or defeat his ci-editors, should be deemed to have thereby committed an act of bankruptcy ; and by the 70th section of the Bankrupt Act, 1861, all such acts and fraudulent gifts, &c., by persons- nx)t being traders, were also made acts of bankruptcy. What is act The Bankruptcy Acts, 1849 and 1861, are now re- ofbank- a. ./ / j (o) 32 & 33 Vict. c. 71, s. 15. 227 ; Graham v. Furber, 14 0. B. If) See 12 & 13 Vict. c. 106, s. 134. 133 ; Brewin v. Short, 5 E. & B. {q) Re Wright, L. E. 3 C. D. 70. Digitized by Microsoft® BILLS OF SALE. 749 pealed by the 32 & 33 Vict. c. 83, and from the. 1st of ^vtoy T Hfii n t 1 ' iinaer Bank- January, 1870, the law of bankruptcy is regulated by J^J^^-*^"*" the Bankruptcy Act, 1869 (r), by the 6th section of which it is enacted that the debtor shall be regarded as having committed an, act of bankruptcy if he has in England or elsewhere made a fraudulent conveyance, gift, delivery, or transfer of his property, or of any part thereof There can be no doubt that the cases decided under the 67th section of the Bankruptcy Act, 1849, will be taken as authorities for the interpretation of this part of the 6th section of the Bankruptcy Act, 1869 ; and it has been held that this section equally applies to traders and non-traders (s). It has been long settled that a conveyance by a trader ^j^JY*""* of all his effects, or of all his effects with a colourable or ^f"', fiuGCtS to trifling exception, to one of his creditors to secure an J^^^^^^^j antecedent debt, is an act of bankruptcy, although there ^J'y,^^„^. may be no actual fraud, on the ground that the very raptay. nature of the transaction is such as to prevent him from carrying on his trade {t). In Lindon v. Sharpe (u), a trader assigned certain effects to the public officer of a banking company to secure the amount due on an over- drawn account. The bill of sale did not on the face of it purport to assign all the debtor's effects, but it appeared in fact that he had no other property, and that the bank knew that such was the case. The deed was held to be an act of bankruptcy, and void against the assignees. But an absolute sale to a bondjide purchaser of the f^^ whole of a trader's stock in trade is not an act of p^™^'^'" bankruptcy (v). So also a mortgage of the whole of a ^^^\„^ trader's stock in trade to secure a present advance is ^^^"^'''t^ a valid transaction, and it makes no difference that the ^/™'"^' deed enables the mortgagee to seize after-acquired pro- ^^^l^ perty, or that the advance bears a small proportion advance. to the value of the goods assigned (x). It has been (r) 32 & 33 Vict. c. 71. («) UK suprd. («) In re Wood, L. K. 7 Ch. 302. (v) Baxter v. Priohard, 1 Ad. & h) Siebert v. Spooner, 1 M. & W. El. 456. 714 ; Lindon v. Sharpe, 6 Man. & (x) Hutton v. Crutwell, 1 El. & B. Gr 894 ; Smith v. Cannan, 2 El. & 15 ; Bittleston v. Cooke, 6 El. & B. B. 35 ; Ex pa/rte Foxley, L. R. 3 296 ; Harris v. Riokett, 4 H. & N. C. A. 515. 1 ; Whitmore v. Claridge, 31 L. J. Digitized by Microsoft® 750 BILLS OF SALE. held, nioreover, that a mortgage which on the face of it appears to be made to secure an existing debt may- be supported by evidence that it was made in pursu- ance of an agreement entered into at the time of the loan (y). ratetentiai When a portion of the trader's effects is excluded so°^^to " from the bill of sale, the question has to be decided opeSon of whether the part so excluded is or is not a substantial dootnne. p^pt^ go as to prevont the operation of the above doctrine, and this must depend on the particular cir- Baifoy'!'' cumstances of each case. In Ex parte Bailey{z), where a trader executed a bill of sale of certain policies of assurance, and all his credits, together with his books of account (being all his property except his furniture and stock in trade), and it appeared that executions had issued prior to the bill of sale, under which the furniture and stock in trade were seized, it was held that the assignment was void, although the bankrupt might not have been awarewhen he executed the assign- ment that the executions had issued. Turner, L. J., observed, " I apprehend that the true question is whether there is such an assignment as prevents the trade being carried on ; and I agree with the learned Commissioner that carrying on trade means carrying it on in the usual and ordinary course. One reason why an assignment of the entire estate'constitutes an act of bankruptcy is because the bankrupt is thereby pre- vented from carrying on trade, and this reason must equally apply if the assignment be such as to prevent the trade being carried on. Now this bankrupt has assigned all debts and all bills of exchange and pro- missory notes, and all books of account in which such debts or sums of money are entered ; and it is, I think, impossible to say that trade can be carried on in the usual and ordinary course without the books of account evidencing the debts which have been contracted in wauT"' carrying on the trade." In Younge v. Waud (a), it was held that an assignment by way of mortgage by a. Q. B. 141 ; 33 L. J. Q. B. 87 ; In re R. 4 Exch. 104. Colemere, Law Eep. 1 Ch. 128 ; (y) Harris v. Eickett, ubi suprA. Woodhouse v. Murray, L. E. 4 Q. B. (z) 3 De G. M. & G. 534. Ex. Ch. 27 ; Meroer v. Peterson, L. (a) 18 Exoh. 232. Digitized by Microsoft® BILLS OF SALE. 751 trader of his stock and implements of trade, where such assignment did not include a moiety of the whole of his effects, was not per se an act of bankruptcy, although the effect of putting the instrument in force would be to stop the business. Pollock, G. B., said, " The law is not that a man commits an act of bankruptcy by dis- abling himself from carrying on his business, but that he commits an act of bankruptcy when the necessary result of that act is to defeat or delay creditors who are not the objects of that particular conveyance." In Hale V. Allnutt (&), A., a trader, executed a mortgage Haic* of the public-house in which he carried on his business, and his trade and other fixtures and movable property in the house, other than his stock in trade, to B., to secure £570 then due. The value of the property mortgaged was between £300 and £400, and the value of the bankrupt's assets at the time was between £1 100 and £1200 ; his debts amounted to nearly £4000. It was held that the deed was valid. Jervis, C. J., ob- served, " This does not fall within that class of cases in which an assignment has been made of the whole, or the whole "with a colourable exception, of the trader's pro- perty ; the necessary result of which is to defeat and delay creditors byproducing absolute present insolvency and incapacity to carry on trade and withdrawing the whole of the property from the reach of the creditors by the ordinary legal remedies " (c). Where a trader assigns all his effects to a creditor in ^«" consideration partly of an existing debt, and partly of j^paitiy^^^ a new advance, the validity of the transaction depends JJ^^^,^'^ on whether the object of the transaction is, by means "idvance. of the new advance, to enable or assist the trader to continue his trade, or whether the new advance is colourable only, the real intention being to give a security for the past debt. Thus, in Pennell v. Rey- nolds (d), A., a trader, being indebted to B., executed to him a bill of sale of all his effects to secure the (6) 10 C. B. 505. Smith v. Timms, 11 "W. R. 381 ; (c) See also Smith v. Cannan, 2 Ex pa/rte Wensley, 1 De G. J. & S. El. & B. 35 ; Johnson v. Fesemeyer, 275 ; Goodricke v. Taylor, 2 De G. 3 De G. & J. 13 ; Mather v. Eraser, J. & S. 135. 2 K. & J. 536 ; Oriental Banking (d) 11 C. B. (N. S.) 709. Company v. Coleman, 3 Gift'. 11 ; Digitized by Microsoft® 752 BILLS or SALE. existing debt, and a present advance of £250, and it was held that such a bill of sale was not necessarily an act of bankruptcy. Willes, J., observed, " If there is an assignment of property with a real and substantial exception, in the absence of fraud that will not be an act of bankruptcy. In our judgment a present sub- stantial advance of money puts the transaction upon the same footing as an assignment, with a substantial exception of part of the property. It is not neces- sarily an act of bankruptcy. The advance may be the means of enabling the assignor to go on with his trade, and if so, the transaction may be beneficial to the creditor " (e). A bill of sale of all the debtor's property to secure a past debt and future advances is not an act of bankruptcy, if the intention that such advances shaU be made appear on the deed, and such advances are in fact afterwards made, even though the deed contains no covenant or obligation on the part of the mortgagor to make them (/). Bankraptey The Bankruptcy Act, 1849 (g), provided that no 8. 88. ' person should be Hable to become bankrupt by reason of any act of bankruptcy committed more than twelve months prior to the issuing of any fiat in bankruptcy, or the filing of any petition for adjudication of bank- ruptcy against him ; but by the^ Bankruptcy Act, Banicmptcy 1869X^), it is provided that no person shall be adjudged s. si. ' a bankrupt on any of the grounds mentioned in the 6th section of the last-mentioned Act, unless the act of bankruptcy on which the adjudication is grounded has occurred within six months before the presentation of the petition for adjudication. ^/aif"™' -^^ assignment of the whole of a debtor's property to property SBCuro Only a pre-existing debt, cannot in the absence of aTO?ded'° fraud be impeached under the 13 Eliz. c. 5, even when BiS%,^5 ^^ ^^ provided by the deed that the donor shall remain in i>"ftS.°° possession for a specified period (i) ; and although such (e) Hutton v. Cruttwell, 22 L. J. (/) Ex parte Winder, L. R. 1 Q. B. 78 ; Bell v. Simpson, 2 H. & C. D. 290 ; Expa/rte Sheen, ib. 560. N. 410 ; Allen v. Bonnett, L. R. 5 (g) Sect. 88. Ch. 577 ; Lomax v. Buxton, L. R. 6 (h) 32 & 33 Vict. c. 71, s. 61. C. P. 107 ; In re Winstanley, L. R. (i) Alton v, Harrison, E. R. 4 1 C. D. 290. Ex parte Fisher, L. R. Ch. 622. 7 Ch. 636. Digitized by Microsoft® BILLS OF SALE. 753 an assignment is an act of bankruptcy^ yet, according to the 61st section of the "Bankruptcy Act, 1869," it could not be avoided by the creditors in the event of the assignor's bankruptcy unless the petition for adjudica- tion is presented within six calendar months from the execution of the deed [k). It has been long settled that a bill of sale executed Fraudulent n « y. - , . . - preference. in lavour oi a creditor, though it may not comprise the whole or the greater part of the trader's efiPects, may be void against other creditors and also an act of bank- ruptcy, on the ground that it confers on the favoured creditor a fraudulent preference ; and now, by the 92nd section of the " Bankruptcy Act, 1869," it is expressly enacted that every conveyance or transfer of property, or charge thereon made, every payment made, every obligation incurred, and every judicial proceeding taken or suffered by any person unable to pay his debts as they become due from his own monies, in favour of any creditor or any person in trust for any creditor, with a view of giving such creditor a preference over the other creditors, shall, if the person making, taking, paying, or suffering the same become bankrupt within three months after the date of making, taking, paying, or suffering the same, be deemed fraudulent and void as against the trustee of the bankrupt appointed under this Act ; but this section shall not affect the rights of a purchaser, payee, or incumbrancer in good faith and for valuable consideration. According to the cases on the subject of fraudulent Assi^^ment preference decided prior to the " Bankruptcy Act, ^™'j.^^^™* 1869" (and such cases are authorities for the interpreta- ^'^^^^^^ tion of the 92nd section {!) of this Act (m), provided made, the bankruptcy takes place within three months), iu order to make an assignment void on the ground of fraudulent preference it must be voluntarily made (n), and the question whether a preference is voluntary is a question of fact to be determined by the jury accord- ed) Allen V. Boimett, L. E. 5 Ch. Craven, L. R. 6 Ch. 70. 577 (n) See Fidgeon v. Sharp, 5 d) This section applies equaUy Taunt. 5.39 ; Thompson v. Freeman, to traders and non-traders. Ex parte 1 T. R. 155; Ex parte Holland, Blackburn, L. R. 12 Eq. 358. L. R. 8 C. D. 230. (m) See Ex parte Tempest ; In re VOL. I. 3 c Digitized by Microsoft® 754 BILLS OF SALE. ing to the circumstances of each case (o). In Van Casteel v. Booker (p) it was laid down that to make a preference given on the eve of bankruptcy vaUd, it was not necessary that there should be any actual threat or pressure with an immediate power of taking legal steps to enforce it; but the assignees, seeking to impeach the deed, must prove it to be voluntarily made on the part of the bankrupt and in contemplation of his bank- ruptcy, and if it is made in consequence of the act of the creditor, it is not voluntary. F?sem™er Ii JoTinsou V. Fescmeyev (q) it was held that if a trader on the eve of bankruptcy, yielding to the bond Jide pressure of a creditor, give him a security on part of his property, this is not a fraudulent preference, though both parties may be aware of the impending bankruptcy. To render it invalid there must be a dis- position on the part of the debtor to favour that par- ticular creditor, and this is generally shown by the fact that the first step or proposal proceeds from the insol- vent debtor. And on appeal, Chelmsford, C, said, " The recent cases have placed the law on this subject on a right footing. Formerly it was supposed that in order to prevent a transaction being void as a fraudu- lent preference it was necessary to show something like coercion or pressure on the part of the debtor, and a reluctant yielding by the creditor. The term ' pres- sure ' has been retained, although it is now only calcu- lated to mislead, as it has been decided that the only question in these cases is whether the act is voluntary on the part of the bankrupt, and as Alder son, B., explains the term in Strachan v. Barton, ' a voluntary payment ' (and this of course applies equally to the case of any voluntary act of preference) is a payment simply by the act and will of the party making it ; and if there is anything to interfere with or control this will, then it is not a voluntary payment " (r). Preference Au assignment, then, made by the debtor on a mere of creditor O ' ' J (o) Cook 11. Rogers, 7 Bing. 438. Barton, 11 Exch. 647 ; Brown v. U) 2 Exch. Rep. 691. Kempton, 19 L. J. 0. P. 169 ; Cook (?) 25 Beav. 88 ; S. C. 3 De G. & v. Prichard, 5 M. & G. 329 ; Stanger J. 13. V. Wilkins, 19 Beav. 626 ; Gore v. (r) See also on the snhjeot of Lloyd, 12 M. & W. 463 ; Ex parte fraudulent preference, Hale v. All- Fowls, W. Notes, 1872, p. 230. nutt, 18 C. B. 505 ; Strachan v. Digitized by Microsoft® BILLS OF SALE. 755 demand or request on the part of the creditor (s), or in must be accordance with a previous agreement («), or at thetofmpMoh request not of the creditor, but of the surety for the ™'"''° '"''' debtor (u), or under a mere apprehension that proceed- ings might be taken against the debtor for payment, although such apprehension might be entirely ground- less (a;), would be supported as an S,ssignment not voluntarily given. Unless, in fact, it can be proved that the debtor's sole motive in making the assignment was to give the creditor a preference, the transaction cannot be impeached (y). In the case of Bills v. Smith (z) it was laid down Bins ... that " the question whether an intention to defeat the law and to prevent the due distribution of his assets existed in the mind of the trader, is one of fact for the jury. If the act is spontaneous on the part of the debtor, and there are no circumstances to rebut the presumption which arises from the act having been done purely voluntarily on his part, the jury should be told that the preference was fraudulent and wrongful. But if there are circumstances to rebut the presumption, the circumstances should be brought before the jury, and a direction to the jury that, although the trans- action was apparently voluntary on the part of the debtor, if the effect of the evidence in their hands is to satisfy them that the desire to give a fraudulent pre- ference was not the motive operating on the trader's mind, they ought to uphold the transaction, is perfectly correct." It must be borne in mind that an assignment to a ^/Jjf™™* particular creditor of the whole of a debtor's property, or debws of the whole with only a colourable exception, to se- ^|«?^™ cure only a pre-existing debt, wiU not be protected, ^*„°^y'^ although it may have been made under pressure (a). ^^^^^ One of the most important sections of the " Bank- ™^«™*i« ruptcy Act, 1869," is the 91st, which, amongst other Bankruptcy •■^ *' Act, 1869, S. 91. (s) Mosg V. Baker, 4 M. & W. (y) Ex parte Blackburn, L. R. 12 349. Eq. 358 ; Ex parte Bolland ; Ex (t) Ex parte Homan, L. E. 12 parte Cherry, L. R. 7 Ch. 24. Eq. 598. (^) 34 L. J. Q. B. 68. (u) Edwards v. Glyn, 2 E. & E. (a) NewtoD v. Chandler, 7 East, 29. 1.38 ; Exparte Wensley, 1 De G. & S. (x) Thompson v. Freeman, 1 T. 273 ; Jones v. Harber, L. R. 6 Q. B. E. 155. 77. 3 2 Digitized by Microsoft® 756 BILLS OF SALE. things avoids all voluiatary settlements of property as against the trustee in bankruptcy of the settlor in case he is a trader and becomes bankrupt within two years after the date of the deed, however solvent and free from debt he might have been at the date of the settle- St™oiun- ment. The enactment is as follows : " That any settle- mStemade mont 'of propoHy made by a trader, not being a by traders, settlement made before and in consideration of mar- riage, or made in favour of a purchaser or incumbrancer in good faith and for valuable consideration, or a set- tlement made on or for the wife or the children of the settlor of property which has accrued to the settlor after marriage in right of his wife, shall, if the settlor becomes bankrupt within two years after the date of such settlement, be void as against the trustee of the bankrupt appointed under this Act, and shall, if the settlor becomes bankrupt at any subsequent time within ten years after the date of such settlement, unless the parties claiming under such settlement can prove that the settlor was at the time of making the settlement able to pay all his debts -without the aid of the property comprised in such settlement, be void against such bytederta trustee. Any covenant or contract made by a trader ttaio/mM- in consideration of marriage for the future settlement ^™ Bet- upon or for his wife or children of any money or pro- tiement. perty wherolu he had not at the date of his marriage any estate or interest, whether vested or contingent (fe), in possession or remainder, and not being money or pro- perty of or in right of his wife, shall, upon his be- coming bankrupt before such property or money has been actually transferred or paid, pursuant to such con- tract or covenant, be void against his trustee appointed under this Act." And it is declared that the term " settlement " for the purposes of this section shall include any conveyance or transfer of property. (6) As to what is a vested or con- 76Y ; In re Andrews' Trusts, L. E. V tingent interest within these words, C. D. 635. see Commell v. Keith, L. R. 3 C. D. Digitized by Microsoft® BILLS OF SALE. 757 V. — The proper mode of framing a hill of sale hy way of mortgage, including provisions for extending the security to after-acquired chattels. A bill of sale by way of mortgage of personal chattels 0,™^"^^™ follows much, the same form as a mortgage of land. ^j'^*Lr''y The chattels are assigned to the mortgagee subject to a condition for making the assignment void, if the money is paid at the appointed day with interest thereon. Then follow covenants by the mortgagor for payment of principal money and interest, provisions enabling the mortgagee to take possession and sell after default, and the mortgagor to retain the possession in the meantime, and covenants by the mortgagor for right to assign and for further assurance, and for insurance against fire. In a mortgage of land, the time for payment of the ™„Jj"^^ money is generally fixed at the expiration of six months ^pp^'J^^^^ from the date of the deed, but in a mortgage of chattels ^^^^IfHi it is desirable to appoint an earlier day, because it is """""y- possible that circumstances may happen rendering it necessary for the mortgagee to realise within the six months. The mortgagee should be empowered to take ^^agce possession at any time after default, but if the deed is |J;,''"J^]'^j registered, so that the bankruptcy of the mortgagor ^og^^^°i„n while in possession will not invalidate it, it seems feir to provide that some notice should be given before taMng possession. If, however, it is part of the arrangement that the biU of sale shall not be regis- tered, such a provision should be omitted, as it is ob- viously essential that the mortgagee shall be able to seize the goods without any delay, should he have reason to suspect impending bankruptcy. If the money is made payable on demand, and the ^^ Se mortgagee empowered to take possession in case oi'fj^l"'' default in payment upon demand, he must allow the SS^Xw mortgagor a reasonable time to procure the money (c). "°SbTe It is often made a stipulation that the security shall ^^-^^ be made to extend to after-acquired chattels, so that fr^^/^J"! it becomes necessary to consider how the bill of sale extend to acquired • chattels, (c) Toms V. Wilson, S2 L. J. Q. B. 33, 3B2 ; Blighty v. Norto.n, ib. 38 ; Massey v. Sladen, L. R. 4 Exch. 13. Digitized by Microsoft® 758 BILLS OF SALE. should be framed so as to make it the best possible charge upon such property. a^Sred '^^^ ^'"^^J benefit which at law can be conferred on cannot be ^^^ douco uudor a bill of sale as to after-acquired effects Msigued at ig a power or licence to seize them whenever they come into possession, and the title of the donee is acquired by his actually obtaining possession under the licence ; but such a power is revocable by the donor, and has no effect at law as against persons claiming under any subsequent assignment from him, which may be exe- cuted before the donee has obtained actual possession of such after-acquired effects (d). ^utty'ls ^vit a bill of sale whereby certain machinery, im- aoqS plements, and things described in a schedule, and pSfn™' which were fixed or placed in or about a certain sai^ °^ mUl, were assigned by way of mortgage, followed by a declaration that all machinery, implements, and things which during the continuance of the security should be fixed or placed in or about the said mill in addition to or in substitution for the existing ma- chinery, &c., should be subject to the security, was held to be a valid equitable mortgage of substituted and added machinery, as against an execution creditor of the mortgagor (e). In the above case,' the goods were specific, and Westbury, L. C, in giving judg- ment distinguished between a contract for the sale or mortgage of specific goods, and one relating to goods not specific, and laid it down that as the Court would not decree specific performance of a contract relating to goods not specific, so a mortgage of such goods would not be effectual in equity. The distinction thus made is illustrated by a more recent case, where a debtor executed to his creditors a bill of sale by way of mortgage of all his " household furniture, plate, linen, china, glass, stock, cattle, horses, farming implements, crops, books, debts, and all other his per- sonal estate and effects then being or thereafter to be upon or about his dwelling-house, farm, and premises situate at Reedham, or elsewhere, in the Kingdom of Great Britain." After the bill of sale, the mortgagor (d) Carr v. Acranian, 11 Excli. Q. B. 527. 566 ; Congreve .;. Evetts, 10 Exch. (e) Holroyd v. Marshall, 33 L. J. 298; Thompson v. Cohen, L. E. 7 Ch. 193. Digitized by Microsoft® BILLS OP SALE. 759 commenced business as a grocer, and purchased goods in the way of trade and brought them into his house, and the Court of Exchequer held that the effects sub- sequently brought into the house did not pass by the bill of sale either at law or in equity, on the ground that they were not specific so as to be the subject of a decree for specific performance (/). It foUows that where the security is intended to |o™^ include specific effects to be afterwards acquired, the ™^p™« biU of sale should not only contain a power to take acquired *f J- property. possession of such effects, but also an assignment of them, or some provision operating as a charge in equity thereon. (/) Belding v. Eeed, 34 L. J. more, 33 L. J. Ch. 63 ; Cheddell v. Ex. 212. See also Eeeve v. Whit- Galworthy, 6 C. B. (N. S.) 471. Digitized by Microsoft® 760 BILLS OF SALE. No. I. OF HOUSE- HOLD FURNITURE, BTC. BILL of Sale of Household Furnitueb and specified Effects by way of Mortgage (a). other parties. THIS INDENT UEE, made the day of Between AsBignment of household fumiture and other specified in schedule, to mort- Proviso for redemption. Covenants by mort- gagor to pay pnncipal money, and interest in the mean- time half- yearly, Power to mortgagee, in case of default, to seize and take posses- sion ; A. B. of, &c., (hereinafter called "the mortgagor ") (mortgagor), of the one part, and C. D. of, &c., (hereinafter called " the mort- gagee ") (mortgagee), of the other part : WITNESSETH, that in consideration of the sum of £ now paid to the mort- gagor by the mortgagee (the receipt whereof the mortgagor doth hereby acknowledge) : The mortgagor doth hereby assign unto the mortgagee : All and singular the furniture, plate, linen, china, goods, chattels, effects, and things in, or about, or belonging to the messuage or dwelling-house, being No. , &c., the particulars whereof are set forth in the schedule here- under written : And ALL the interest of the mortgagor therein : To HOLD the same unto the mortgagee : Nevertheless upon CONDITION that this assignment shall be void if the mortgagor shall on the day of (p) next pay to the mortgagee the sum of £ , with interest thereon, pursuant to the covenant next hereinafter contained : And the mortgagor doth hereby covenant with the mortgagee, that he the mortgagor, his heirs, executors, or administrators, will on the day of next pay to the mortgagee the sum of £ , with interest thereon after the rate of £ per cent, per annum, computed from the date of these presents, and if the said principal sum shall not be paid on that day, then will pay to him interest thereon after the rate aforesaid, by equal half-yearly payments, on the day of and the day of in every year, until the said principal sum shall be fully paid : And it is hereby AGREED. AND DECLARED, that if default shall be made in pay- ment of the said sum of £ , or the interest thereof, or any part thereof, on the said day of next, then and in such case it shall be lawful for the mortgagee at any time there- (a) This deed requires registration. (6) This should be (say) a month from the date of the deed. See p. 757. Digitized by Microsoft® BILLS OF SALE. 761 OF HOCaE- HOLD FURNITUKE, ETC. after, by himself or his agents or servants, to enter into and upon the said dwelling-house, or other the place in which the chattels and premises hereby assigned shall happen to be, and to seize and take possession of the said chattels and premises, and either to remove and carry away the same, or to remain in the said dwelling-house or place for the purpose of selling the said chattels and premises : And also to sell the said chattels aifp to 1 s S6ll tiitor and premises, or any of them, either together or in lots, and default. either by public auction or private contract, with liberty to buy in at any sale by auction, or to rescind or vary any con- tract for sale, and to resell without being answerable for any loss or diminution in price, and with liberty also to give effec- tual receipts for the purchase-money, and to do all other acts and things for completing any sale which the mortgagee may think fit : AND IT IS HEREBY AGREED AND DECLARED that the TruBts of purchase- mortgagee shall, with and out of the moneys to arise from """ey. any such sale as aforesaid, in the first place pay the expenses attending such sale or otherwise incurred in relation to this security, and in the next place pay the moneys which shall be owing on this security, and shall pay the surplus (if any) to the mortgagor, his executors, administrators, or as- signs : [Provided always (b) that the mortgagee shall not take Proviso that possession or sell under the foregoing power in that behalf shau not in the lifetime of the mortgagor, without first giving to him sionorseii or leaving at the said dwelling-house fourteen days' (c) notice in g'vmg ^ writing of his intention so to do, save and except that no such days' notice, o , -^ except in notice shall be necessary if the mortgagor shall have become °^^^ bankrupt, or have committed a breach of any of his covenants hereinafter contained, or have ceased to reside in the said dwelling-house (d), or if any half-yearly payment of interest shall have become fourteen days in arrear :] Provided always, p™^a''se*^''' that, upon any sale purporting to be made under the aforesaid "nquire L power, the purchaser, shall not be bound or concerned to see or *° *^'* *' inquire whether any such default has been made [or notice given or left] as aforesaid, or otherwise as to the necessity or (b) If the bill of sale is not registered, the proviso in brackets should be altogether omitted. (c) As to what notice should be given will depend on the nature of the property and the circumstances. In some cases a much longer notice (say- three mouths) might be reasonably stipulated for. (d) If the bill of sale is of machinery or articles attached to a place of business, substitute here " or shall have ceased to carry on business at the said premises." Digitized by Microsoft® 762 BILLS OF SALE. OF HOUSE- HOLD FDENITDBE, ETC. assurance. propriety of such sale, or be affected by notice tbat no such default has been made, or [notice given or left] as aforesaid, or Proviso for *^^* ^^^ ^^^^ is Otherwise unnecessary or improper : Pbovided ^y'l^jj?" ALSO, and it is hereby agreed and declared (e) that until pos- Sfmtime. session of the said chattels and premises shall be taken by the mortgagee under the power in that behalf hereinbefore con- tained, the mortgagor may retain possession thereof: But the mortgagor covenants with the mortgagee that he will not, while in possession as aforesaid, remove the said chattels and pre- mises, or any of them, from the said messuage or dwelling- house without the consent of the mortgagee, and the mortgagee shall be at liberty at all reasonable times to enter into the said messuage or dwelling-house, or into any other dwelling-house or place in which the said chattels and premises, or any of them, shall happen to be, for the purpose of inspecting the same, and the state and condition thereof, and of taking schedules and inventories of the same, and for all other reason- covenants able purposes connected with this security: And the mort- by mort- ■*■ -^ ^ *' gagor gagor doth hereby further covenant with the mortgagee, that assi^? he the mortgagor now hath good right to assign the said For further chattels and premises in manner aforesaid : And that he and all persons having or claiming any interest in the said chattels and premises, will a^ all times, at his or their own cost, do and execute all such acts, deeds, and things for more perfectly assur- ing the said chattels and premises unto the mortgagee, and for enabling him to obtain possession of the same, as by him shall To insure be reasonably required : And also that he the mortgagor, will against flre. . . . . _ o o i at all times during the continuance of this security keep the said chattels and premises insured against loss or damage by fire, in the sum of £ at least, in the name of the mortgagee in the Insurance Office, or in some other insurance office to be approved of by him, and will duly pay all premiums and sums of money from time to time payable for that purpose, and will deliver to the mortgagee the receipt for every such payment as aforesaid within seven days after the same shall have become Power to due : And that if the mortgagor shall nesrlect or refuse to mortgagee -in i ■ ■ to insure in koop the Said chattels and premises insured to the amount default by aforesaid, or to deliver such receipt as aforesaid, then and in mortgagor. ' ^ ' (e) The proviso that the mortgagor may retain possession until the mortgagee takes it, is usually inserted, but this proviso, and also the cove- nants for right to assign and further assurance, might safely be omitted where brevity is desired. See Precedent No. III. Digitized by Microsoft® BILLS OF SALE. 763 OF HOUSE- HOLD every such case it shall be lawful for the mortgagee to insure the said chattels and premises, or any of them, to the amount ^ok^tcre, aforesaid, or to any less amount : And that all sums of money ^^ ~ expended by him, in or about such insurance as aforesaid, with p^SSy' interest thereon, after the rate of £5 per cent, per annum, com- S'lSjf^."" puted from the time or respective times of advancing the same bradeSto respectively, shall be charged on the chattels and premises debt^*° hereby assigned, and be recoverable by the same means as are hereinbefore provided with respect to the said principal sum of £ and the interest thereof : And that all moneys re- ceived under any such insurance shall, at the option of the mortgagee be applied in or towards replacing and reinstating the said premises, or in or towards the payment of the moneys for the time being owing on this security : And it is lastly Powers of o o ^ J mortgagee DECLARED that all powers and rights hereby conferred on the *° devolve ^ o J on his execu- mortgagee shall devolve on and be exercisable by his exe- i°^^f™" cutoi's, administrators, or assigns. or assigns. In witness whereof the said parties hereto have hereunto set their hands and seals the day and year first above written. The Schedule above refeered to. Signed, sealed, and delivered by the ^ within named A. B., in the presence of L. M. of, &c., a solicitor of the Supreme [ Court of Judicature, the effect of the within written indenture having been first ex- plained to the said A. B. by the said L. M. Digitized by Microsoft® 5^64 BILLS OF SALE. No. II. OF BILL of Sale, hy way of Moetgage, of Household PUKNITUEB, ETC., Furniture, and other specified effects, and of '^^^K- Furniture and effects to be subsequently added ACQUIRED J^^^^™^- or substituted, the Principal Money being made payable by Monthly Instalments. Parties. THIS INDENTURE, made, &c. {date and parties as in last Precedent) : WITNESSETH, that in consideration, &c. {the Mortgagor receipt, del), The mortgagor doth hereby assign unto the assigns mortgagee, his executors, administrators, and assigns: All &o™'speci- -^^^ SINGULAR the household, furniture, goods, chattels, and schetoie, effects, in or upon or belonging to the messuage or dwelling- toefi™' house, being, &c. {describe it), the particulars whereof are set sequenuy' ^01"*^ i^ t^® Schedule hereunder written: And also, all the substttuted, household furniture, goods, chattels, and effects, which shall or may at any time or times during the continuance of this security, be brought into the aforesaid messuage or dwelling- house, and appropriated to the use thereof, either in addition to, or in substitution for the furniture, goods, chattels, and effects, now being therein or belonging thereto or any of them : to mort- A.NU all the interest of the mortgagor therein : To hold the same Condition unto the mortgagee. Nevertheless upon condition that this as- ance on " signment shall be void if the sum of £ with interest thereon money. shall be duly paid according to the covenant of the mortgagor mortg^o*r^^ hereinafter contained : And the mortgagor hereby covenants priSofpai ■with the mortgagee to pay to him the sum of £ , with interest month with thereon after the rate of £ per cent, per annum, computed interest. from the date of these presents, on the 1st day of January mort^4o?°'' iiext {a) : Provided always that if the mortgagor shall pay to monthly in- the mortgagee the said principal sum of £ by equal men . jjjQjj^jjjy instalments of £ each, the first instalment to be paid on the 1st day of January next, and the remaining instal- ments to be paid on the 1st day of every subsequent calendar month until the whole principal money shall be paid, and shall on the same monthly days respectively pay interest on the principal sum for the time being remaining unpaid after the rate of £ per cent, per annum, then and in such case the (a) This shoiild be one month from the date. Digitized by Microsoft® BILLS OF SALE. 765 OF FURNITURE, INCLUDING AFTER- ACQUIRED EFFECTS. mortgagee shall accept payment of the said principal sum by such instalments as aforesaid, and shall not enforce the fore- ,^^^ going covenant for payment of the same earlier, unless the mortgagor shall die or become bankrupt before all the said in- stalments shall have become payable, in which case the whole of the principal money then remaining unpaid shall be re- coverable immediately, as if this proviso had not been inserted herein : And it is declared that if and whenever the 1st day of a month shall fall on a Sunday, the instalment and interest payable on that day shall be paid on the following day : And Power to IT IS HEREBY DECLARED, that if default shall be made m siou, &e., , rt . . ^Rd other payment of any instalment of principal money, or any interest provisions. thereon, on the day hereby appointed for payment thereof, then, &c. {power to mortgagee to take possession and sell, and other provisions as in last Precedent, omitting the clause providing that mortgagee shall give notice before taking possession or selling) : And it is HEREB?" agreed and declared that all future pro- Declaration perty hereinbefore expressed to be assigned shall be subject to shaii extend the security hereby made, and the powers, covenants, and property provisions hereinbefore contained, although the same may be incapable of passing at law by these presents : And the mort- Power of L . . . attorney to gagor hereby appoints the mortgagee to be his attorney for him ^'f^^? and in his name to execute and perfect by registration and ^'^1°"^°' otherwise any deed or deeds, or to do any other act or thing 1"^*'"'"" which may be necessary or proper for legally and effectually vesting in the mortgagee any such future propsrty as afore- said, after the same has been acquired by the mortgagor. (De- claration that powers of mortgagee shall devolve on his executors, dec, supra, p. 763.) In witness, &c. The Schedule above referred to. OF CHATTELS, No. III. MORTGAGE of Chattels. {A very Short Form.) THIS INDENTURE, made the day of , 18—, Between A. B. of, &c. (hereinafter called " the mortgagor "), of (^'^'•'^'"-"■> the one part^ and C. D. of, &c. (hereinafter called " the mort- ^"^'^^ gagee "), of the other part, WITNESSETH that in considera- Digitized by Microsoft® 766 BILLS OF SALE. oHAOTEM. ^^^^ °f ^^ ^"°^ °f ^ ^0^ ^^^^ ^J *'^® mortgagee to the (Short Farm.) mortgagor (the receipt whereof the mortgagor hereby acknow- rfStekto l6<^ges), the mortgagor hereby assigns unto the mortgagee The ^°^^iHon chattels and things specified in the schedule hereto, Nevertheless sam*™^"* upon condition that this assignment shall be void if the sum pSSfpi"^ of £ , with interest thereon, shall be paid to the mortgagee Interest"'' On the day of next, pursuant to the covenant next Covenant to hereinafter contained : And the mortgagor covenants with the pay same. i . -i mortgagee to pay to him the sum of £ on the day of next, with interest thereon after the rate of £ per cent, per annum computed from the date of these presents, and so that if the said principal sum shall not be paid on that day interest shall continue to be paid thereon after the rate aforesaid by half- yearly payments on the day of and the day of Power to until the said principal sum shall be fully paid : And it mortgagee , . . , , *f x totakepos- IS DECLARED that if the said principal sum of £ , with session and , sen. interest thereon, shall not be paid on the said — — day of next, the mortgagee may at any time thereafter take possession of the said chattels and things, or any of them, and for that purpose enter into and upon the premises where they are or - shall then be, and may sell the same, or any of them, either by public auction or private contract, and shall with and out of the sale moneys retain the said principal sum of £ and interest thereon after the rate aforesaid, together with all costs and ex- penses incurred in relation to this security and shall pay the surplus (if any) to the mortgagor ; And upon any sale the pur- chaser shall not be bound to see or inquire whether any such Covenant by default has been made as aforesaid : And the mortgagor hereby to'infuf™ covenants with the mortgagee that he the mortgagor wiU during agama e. ^j^^ continuance of this security keep the said chattels and things insured against loss or damage by fire in the Office in the sum of £ at least, and that if (owing to the mort- gagor's default) the mortgagee shall insure the said chattels and things, the money expended by him in or about such insur- ance, with interest thereon after the rate aforesaid, shall be added to the debt intended to be hereby secured, and be Power of recoverable by the same means: And it is lastly declared te'iemwe that all powers and rights hereby conferred on the mort- executors, gageo shall devolve on and be exercisable by his executors administrators, and assigns. * In witness, &c. The Schedule above referred to. Digitized by Microsoft® &c. BILLS OF SALE. 767 No. IV. Bill of Sale, hy way of Mortgage 0/ the Machinery or and Plant belonging to a Colliery, includinq ''^■'i "^ TO SEnTT MACHINEKY, TO SEOtniE AFTER-ACQUIRED PLANT tO secure a PRESENT and PRESENT / , AND FUTURE ADVANCES (a). future ' ADVANCES, THIS INDENTURE, made the day of , Between Parties. A. B. of, &c., C. D. of, &c., and E. F. of, &c. (hereinafter called " the mortgagors ") (mortgagors), of the one part, and G. H. of, &c., I. K. of, &c., and L. M. of, &c. (hereinafter called " the mortgagees ") (mortgagees), of the other part : Whereas »««*« *•»»* the mortgagors are the lessees of a colliery, mines, and works a™ lessees situate at, &c., under a lease dated, &c., and made, &c., for a term ^"^^ '^^ of forty years, computed from the day of , and there arethereon are now standing in or upon, or used in or belonging to the said ™w"&7' colliery, mines, and works, certain machinery, engines, plant, stock, horses, carts, waggons, rails, tubs, fixtures, chattels, and effects, some whereof are in the nature of trade fixtures re- movable by the mortgagors, and the residue whereof are the absolute property of the mortgagors : And whereas the Agreement mortgagees have agreed to lend to the mortgagors the sum of ^""^ '°"'' £ , upon having the repayment thereof and also of any further advances which may be made by them as hereinafter mentioned, with interest for the same respectively, secured to them in the manner hereinafter expressed : NOW THIS witnessing INDENTURE WITNESSETH, that in pursuance of the said ^'^' agreement, and in consideration of the sum of £ now paid considera- to the mortgagors by the mortgagees out of moneys belonging to them on a joint account in equity as well as at law (the receipt whereof the mortgagors do hereby acknowledge), and also in consideration of such further advances (if any) as are hereinafter mentioned, they the mortgagors do hereby assign unto the mortgagees. All and singular the machinery, Mortgagors nil •11. assign engmes, plant, stock, horses, carts, waggons, rails, tubs, imple- maohinery, ments, utensils, trade fixtures, personal chattels and effects, now "'"' '^«'"g 11' on colliery, standing and being in or upon or belonging to or used in con- ««■■ : (a) As this deed does not include the leasehold interest in the colliery, it will require registration as a hill of sale as regards the fixtures as well as the movahle plant. Digitized by Microsoft® 768 BILLS OF SALE. OF MACHINERY^ ETC., TO SECURE PRESENT AND FUTURE ADVANCES. Joint and several covenants by mort- gagors for payment of principal snm and future ad- vances on demand. Power to take posses- sion, &c., in case of default, &c. and to sell. nection with the said colliery, mines, and works hereinbefore mentioned or referred to, And also all such machinery, engines, plant, stock, horses, carts, , waggons, rails, tubs, implements, utensils, trade fixtures, personal chattels, and effects, which shall at any time or times during the continuance of this security, be erected on or added to, or brought upon or used in or for the purposes of, or otherwise appertain or belong to the said colliery, mines, and works, and which shall be the property of the mortgagors, or any or either of them, or shall be remov- able by them, or any or either of them, as trade fixtures or otherwise (and all the estate, dc!) : To have and to hold the premises hereby assigned, or expressed so to be, unto the mort- gagees : Nevertheless upon condition that this assignment shall be void if all principal and interest moneys shall be duly paid to the mortgagees pursuant to the covenants next herein- after contained : And the mortgagors, and every two and one of them do and doth hereby jointly and severally covenant with the mortgagees, that they the mortgagors, or their heirs, exe- cutors, or administrators, or some or one of them, will on the day of next pay unto the mortgagees the sum of £ , with interest thereon after the rate of £ — ■_ — per cent. per annum, computed from the date of these presents : And, - &c. (covenant to pay interest half-yearly), And also will repay to the mortgagees such further sum or sums of money (if any) as they may hereafter advance to the mortgagors, with interest thereon after the rate aforesaid, computed from the time of such advance, every such principal sum to be repayable at the expiration of one calendar month from the advance thereof, and the interest thereon to be payable half-yearly on the days aforesaid, so long as any principal money shall remain unpaid: Provided always, and it is hereby agreed and declared, that if default shall be made in payment of the principal moneys and interest hereby secured, or any part thereof, at the time hereby appointed for payment thereof, then and in such case it shall be lawful for the naortgagees to enter into and upon the said colliery, mines, and works, or any land used in connection therewith, and to seize and take possession of the premises hereby assigned, or expressed so to be, or any of them, and either to remove and carry away the same, or to remain in or upon the said colliery, mines, and' works, for the purpose of selling and disposing of the premises, or any of them : And Digitized by Microsoft® BILLS OF SALE. 769 MACHINERY, TO SECURE PRESENT AND FUTURE ADVANCES. ALSO to sell, &c. {power of sale, and declaration of trust of pur chase-money, supra,p. 7 61, substituting " mortgagees " for " mort- ^o Iecu: gagee.") : Provided always that the mortgagees shall not take possession or sell under the foregoing power in that behalf without giving to the mortgagors, or one of them, or leaving at Mortgagees the colliery office, one calendar month's notice in writing of ^"If ™iiefore their intention so to do, unless the mortgagors shall be all dead, Ixceirt in or they or some or one of them shall have become bankrupt, or oases!" unless one of the mortgagors' covenants hereinafter contained shall have been broken, or some half-yearly payment of interest shall be in arrear for one calendar month after the day hereby appointed for payment thereof, in either of which cases no notice shall be necessary, {Proviso that purchaser shall not he hound to inquire as to default, it'c, suprd, p. 762) : Provided Mortgagor.! ALSO, and it is hereby agreed and declared, that until possession poasession- , '^ ^ ^ until posse^- of the said premises shall be taken by the mortgagees under ^™ *^«" ^ _ -^ o o by raort- the foregoing power in that behalf, it shall be lawful for the s'^"^"- mortgagors to retain possession of the said premises ; but so, nevertheless, that the mortgagees may at all reasonable times enter into and upon the said colliery, mines, and works, or any land used in connection therewith, for the purpose of inspecting and examining the premises hereby assigned, or expressed so to be, and the state and condition of the same, and of taking schedules and inventories thereof, and for any other reasonable purposes connected with this present security : And the mort- Mortga,'ors gagors do hereby jointly and severally covenant with the *" mortgagees that they the mortgagors, &c. {Covenants for title and to insure, supra, pp. 762, 763, substituting " mortgagors " and " mortgagees " for " mortgagor" and "mortgagee " respec- tively) : And it is hereby further agreed and declared, that, &c. {Declaration that security shall extend to future pro- perty, supra, p. 765.) And the mortgagors do and each of them doth hereby appoint the mortgagees and each of them to be their and his attoi-neys and attorney, &c. {Power of attorney to execute deeds to perfect security, suprd, p. 765) : And it Powers of is hereby LASTLY DECLARED that all powers and remedies to devolve hereby conferred on the mortgagees shall devolve on and be exercisable by the sui-vivors and survivor of them, and the executors or administrators of such survivor, their or his assigns. In witness, &c. VOL. I. 3 t) Digitized by Microsoft® on siirvivoi's. 770 BILLS OF SALE. FEEEHOLD FACTORY AND TBAKE MACHINERY. Mortgagors grant and assign factory and buildings and trade machinery, &c., unto mort- -Proviso for rgdemption. Covenant by mortgagors t o pay mort- gage moii.ey and interest. No. V. MORTGAGE of a Freehold Workshop or Factory, and the Trade Machinery and Plant about the same (a). THIS INDENTURE, made the day of , 18— Be- tween A. B. of, &c., and C. D. of, &c. (hereinafter called " the mortgagors ") of the one part, and E. F. of &c. (hereinafter called "the mortgagee") of the other part: WITNESSETH, that in consideration, &c. (the receipt, dc.), the mortgagors do hereby grant and assign "unto the mortgagee, his heirs, execu- tors, administrators, and assigns, All that messuage or tene- ment, and the factory and buildings connected therewith situate at, &c., known as "the Factory," at which the- mortgagors carry on the trade or business of , which pre- mises were conveyed unto and to the use of the mortgagors, their heirs and assigns, by an indenture dated, &c., and made, &c. : And all and singular the engines, trade machinery, plant, stock, utensils, articles and things, now being or which shall at any time hereafter during the continuance of this security be in or upon or, belonging to the said premises : And all the estate, &c. : To hold the said premises as to such part thereof as is of the nature of real estate, unto and to the use of the mortgagee, his heirs and assigns, and as to such part thereof as is of the nature of personal estate, unto the mortgagee, his executors, administrators, and assigns, subject to the proviso for redemption next hereinafter contained (that is to say) : Pro- vided ALWAYS, that if the mortgagors, their heirs, executors, administrators, or assigns, shall on the day of next pay to the mortgagee, his executors, administrators, or assigns, the sum of £ , with interest thereon after the rate of £ per cent, per annum, the said premises shall at the request and cost of the mortgagors, their heirs, executors, administrators, or assigns, be reconveyed and reassigned to them, or as they shall direct : And the mortgagors do hereby jointly and severally covenant with the mortgagee, his executors, administrators, and assigns that they the mortgagors, their heirs, executors, or {a) The above mortgage will require registration as a bill of sale as regards such of the fixtures as are trade machinery -within section 5 of the Bills ot Sale Act, 1878, and as regards all plant not being fixtures. Digitized by Microsoft® BILLS OF SALE. 771 FREEHOLD FACTORY AND TRADE MACHINERY. administrators, or some or one of them will, &c. {Covenant hy mortgagors to pay principal and interest, suprd, p. 760) : And it is agreed and declared that if default shall p^^^^^^ be made in payment of the said sum of £ , or the in- ^"tekfpos- terest thereof, or any part thereof, on the said day^^Jf™*"^ of next, it shall be lawful for the mortgagee, his exe- cutors, administrators, or assigns, at any time or times there- after to enter into and upon and take possession of the premises hereby assured, and to sell the said premises, or any part thereof, either together or in lots, and either by public auction or private contract, and as to any fixed or moveable machinery, either together with the buildings and land to ■which they are attached or separately therefrom, with liberty to make any arrangements as to the removal of any fixtures or articles sold separately from the land or buildings, and with liberty also to make such stipulations as to title or otherwise, and to buy in at sales by auction, and to rescind contracts, and to resell without being answerable for any loss arising thereby, and to execute assurances, give effectual receipts for the pur- chase-money, and do all other acts and things for carrying into eifect any such sale as .the mortgagee, his executors, ad- ministrators, or assigns shall think fit : And it is declared Declaration that the mortgagee, his executors, administrators, and assigns, purchase- shall, out of the moneys to arise from such sale, in the first " °°^' place pay the costs and expenses attending such sale or other- wise incurred in relation to this security, and in the next place retain and pay the moneys then owing on this security, and shall pay the surplus (if any) to the mortgagors, their heirs, executors, administrators, or assigns : [Provided always (b) Proviso that that the mortgagee, his executors, administrators, or assigns, shall intended not take possession or sell under the foregoing power in that be given Pxc6t)t in behalf, during the lives of the mortgagors or the life of the certain survivor of them, without first giving to them or him, or leaving at the said messuage and premises three calendar months' notice in writing of his or their intention so to do: Save and except that no such notice shall be necessary if the mortgagors, or either of them, shall have become bank- rupt, or have committed a breach of any of the mortgagors' covenants hereinafter contained, or have ceased to carry on (6) If the bill of sale is not registered, the proviso in brackets should be altogether omitted. 3 D 2 Digitized by Microsoft® ^72 BILLS OF SALE. ^factory" business at the said factory, or if any half-yearly pay- M™mNEBY. ment of interest shall have become one calendar month in arrear] : (Proviso that purchaser need not enquire as to default, c&c, suprd, p. 761. — Power may he exercised by any person en- titled to give a discharge for mortgage money, suprd, p. 518) : Proviso for PROVIDED ALSO, and it is hereby further declared, that it shall possession ' •'^ ^ ' bymort- be lawful for the mortgagors, their heirs, executors, and admin- gagors until ^ , . . default. istrators, to retain possession of all the premises hereby assured, until the mortgagee, his executors, administrators,_ or assigns shall be entitled to take possession thereof under the foregoing proviso in that behalf, and shall take possession Joint and thei"eof accordinsrlv : And THE mortgagors do hereby iointly several co- ^ "^ ^ o o ^ j j j venantby and Severally covenant with the mortgagee, his heirs, exe- nioixgagors *' ^ ^ nor f for right to cutors, administrators, and assigns, that they the mortgagors ivwtlom °°^ have good right to assure the said hereditaments and toanoes premises in manner aforesaid, free from incumbrances : And and further that they and all other persons having or lawfully or equit- ' ably claiming any estate or interest in the said hereditaments and premises, or any part thereof, will at all times hereafter, at their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things for further and more perfectly assuring the said hereditaments and premises unto the mort- gagee, his beirs, executors, administrators, and assigns, in manner afoi-esaid, as by him or them shall or may be reason- a°ltasTflre ^bly required: And euether, that they the mortgagors, or one of them, their or one of their heirs, executors, adminis- trators, or assigns, will at all times during the continuance of this security, insure and keep insured in the name or names of the mortgagee, his executors, administrators, or assigns, against loss or damage by fire, in some insurance office or offices approved of by him or them, the buildings hereby assured, or expressed so to be, and the plant and ma- chinery in or about the same, in the sum of £ at the least; the same sum to be apportioned between the said buildings and the said plant and machinery in such manner as the mortgagee, his executors, administrators, or assigns shall approve : And will duly pay all premiums and sums of money payable for the purpose aforesaid (and deliver receipts, and power to mortgagee to insure in case of mortgagor's default, and that moneys expended shall be added to mortgage debt, suprd, Digitized by Microsoft® BILLS OF SALE. 773 p. 762, mutatis mutandis) : And also will, at all times during freehold the continuance of this security, keep all the buildines hereby "-^ ™^= assured, and the plant and machineiy in and about the same, :^^ in good and substantial repair and working order, and from *""'4'°ss, time to time replace and reinstate the same so that the value ''^f'''- thereof shall not be diminished : And it is hereby lastly Declaration AGREED AND DECLARED, that all future property expressed to shau'eS'/ be hereinbefore granted and assigned, and which may be in- property. capable of passing at law by thess presents, shall be subject in equity to the security hereby made, and the powers, covenants, and provisions herein contained {Power of attorney to mortgagee to perfect assurance as regards future property, supra, p. 765). In witness, &c. No. VI. MOETGAGE of Leasehold Premises, with Machinery leasehold , -r. , » PREMISES and rLANT (a). and plamt. THIS INDENTURE, made the day of , Between Part™. j|^. B. of, &c., and C. D. of, &c. (mortgagors), of the one part, and E. F. of, &c. (mortgagee), of the other part) Recite lease setting out the parcels as in the lease, — agreement for loan) : NOW THIS Witnessing INDENTURE WITNESSETH, that in pursuance of the afore-'"' ' said agreement, and in consideration, &c. (the receipt, cOc), The Mortgagor o J \ x- J /J demises and said A. B. and C. D. (hereinafter called " the mortgagors ") do SJIoid hereby demise and assign unto the said E. F. (hereinafter called ^^suages, "the mortgagee"), his executors, administrators, and assigns. All the messuages or tenements, buildings, and premises comprised in and demised by the hereinbefore recited indenture of lease : And also all buildings, engines, machinery, utensils, articles, and ^^^. things now being, or which hereafter during the continuance of machinery, this security shall be in or upon, or belonging to, the said lease- hold premises, or used and employed in or upon, or in connec- tion with the said premises (and all the estate, dc.) : To hold Habendum "■ ^ ' S3 to lease- (d) This deed will require registration as regards such fixtures as are trale machinery within section 5 of the Bills of Sale Act, 1878, and as regards aU plant not being fixtures. Digitized by Microsoft® 774 BILLS OF SALE. LEASEHOLD PREMISES AND PLANT. hold pre- mises to mortgagee , for residue of term, except last day, and as to residue to mortgagee absolutely. Proviso for redemption. Covenants by mort- gagors. Declaration of trust of last day of term. Covenants by mort- gagors for title, &c. the premises comprised in the said indenture of lease (including the landlord's fixtures belonging thereto) unto the mortgagee his executors, administrators, and assigns, for all the residue now unexpired of the said term of years created by the said indenture of lease, except the last day thereof : And to HOLD the residue of the said premises unto the mortgagee, his executors, administrators, and assigns absolutely: Peovided ALWAYS that the foregoing demise and assignment shall be void if the sum of £ with interest thereon shall be paid to the mortgagee, his executors, administrators, or assigns, pursuant to the covenant next hereinafter contained : {Covenants by mort- gagors for payment of mortgage money and interest, — power to take possession and sell, — trusts of purchase-money, omitting the word "heirs," — power of sale not to he exercised without notice, — purchaser not hound to inquire as to default, suprd, pp. 770 to 772) : And it is declared that after a sale made under the aforesaid power the mortgagors, their executors, ad- ministrators, and assigns shall stand possessed of the last day of the term granted by the hereinbefore recited indenture of lease in trust for the purchaser, his executors, administrators, and assigns, and to be assigned and disposed" of as he or they may direct : {Proviso for possession hy mortgagors until default, suprd, p. 772) : And the mortgagors do hereby jointly and severally covenant with the mortgagee, his executors, administrators, and assigns. That they the mortgagors now have good right to de- mise and assign the said premises in manner aforesaid, free from incumbrances : AND THAT they, and all other persons lawfully or equitably claiming any interest in the said premises, will at all times hereafter, at their own cost during the continuance of this security, and afterwards at the cost of the person or persons requiring the same, do and execute, or cause to be done and executed, all such acts, deeds, and things, for further and more perfectly assuring the said premises unto the mortgagee, his executors, administrators, and assigns, in manner aforesaid as shall or may be reasonably required : {Covenant to pay rent and observe covenants in lease, supra, p. 540, — to insure against fire,—with power to mortgagee to insure in case of mortgagors' • default, suprd, p. 772, — declaration that future property shall be subject to secwity and power of attorney, suprd, p. 765). In witness, &c. Digitized by Microsoft® BILLS OP SALE. 775 No. VII. Bill of Sale hy way of Mortgage of present and future <>«■ naowreo Growing Crops and Farming Stock, icithovt any ""EMi'^f Interest in the Land {a). °^°™' THIS INDENTURE, made the day of , Between Parties. A. B. of, &c. (hereinafter called " the mortgagor "), of the one part, and 0. D. of, &c. (hereinafter called " the mortgagee "), of the other part, "WITNESSETH, that in consideration, &c. (the witnessing receift, dc), The mortgagor doth hereby assign unto the mort- Mortgagor gagee, his executors, administrators, and assigns. All the crops imS n 1 J 1 1 1 111 • and future or grass, wheat, and barley, and other crops now grownig, or crops, which shall at any time hereafter during the continuance of this security be growing in or upon the farm and lands called , situate, &c., now in the occupation of the mortgagor under an indenture of lease dated the day of , and made between — — of the one part, and the mortgagor of the other part: And also all horses, cattle, carts, carriages, farming and present ^ _ > > ) o ' & and future utensils, hay, straw, consumable stores, live and dead stock, fur- farming niture, household goods, and all other effects whatsoever which now are or shall at any time hereafter during the continuance of this security be upon, in, or belonging to the said farm and lands, or the messuage or farm house, or any other buildings on the said farm : To hold the same unto the mortgagee, his to mort executors, administrators, and assigns {Proviso for redemption , — and covenants hy mortgagor for payment of principal and inte- rest, supra, p. 760) : And it is hereby agreed and de- clared, that if default shall be made in payment of the said sum of £ , or the interest thereof, or any part thereof, on the day of next, it shall be lawful for the mortgagee, at any time thereafter, by himself, his agents and servants, and either with or without horses, carts, and carriages, to enter into and upon the said farm, and take possession of the said chattels hereby assigned, and to mow, reap, and gather the said crops and carry away the same : And also to sell, &c. {Power to sell and ancillary clauses, — proviso for "possession hy mortgagor until default, — covenants hy mortgagor,— for right to assign,— and for further assurance, — to insure against fire and usual provisions as to insurance, — declaration that future property shall he suhject to security and power of attorney, supra, pp. 760 to 763, 765). In witness, &c. (a) This deed wiU reqvdre registration. Digitized by Microsoft® 776 BILLS OF SALE. No. VIII. BY INN- KEEPER, OF GOODWILL AND BTOCK ■ IN THADE. Parties. That mort- gagor has carried on l)usiness at leasehold premises. Agreement for loan. Advance, and mort- gage of heredita- ments by deed of even date. Witnessing part. Mortgagor assigns goodwill of business. BILL of Sale &?/ an Inn-keeper of the Goodwill of his Business, and of his Stock in Trade and Effects by toay of Collateral Security for .principal money and interest secured by a Mortgage of the Leasehold Premises where the business is carried on — Powers to Sell and Lease, THIS INDENTURE, made the day of ,. Between A. B. of, &c. {mortgagor) (hereinafter called " the mortgagor "), of the one part, and C. D. of, &c. (mortgagee) -(hereinafter called " the mortgagee "), of the other part : Whereas the mortgagor has for some time carried on the business of an inn or tavern keeper at or in certain leasehold premises situate in street in the town of , called " The Ship Inn : " And whereas the mortgagor has requested the mortgagee to lend to him the sum of £ , which the mortgagee has agreed to do upon having the repayment thereof with interest secured by a mortgage of the said leasehold premises, and also by a mortgage of the goodwill of the said premises, and of the stock in trade and effects thereof, in the manner hereinafter expressed : And WHEREAS the mortgagee has accordingly paid to the mortgagor the sum of £ , and in consideration thereof and in part pur- suance of the said agreement, the mortgagor has by an indenture bearing even date with these presents (and duly impressed with an ad valorem stamp duty upon a mortgage for £ ), assigned the said leasehold premises unto the mortgagee, his executors, administrators, and assigns, by way of mortgage to secure the payment of the said sum of £ , with interest for the same after the rate of £ per cent, per annum : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement in this behalf, and in consideration of the sum of £ paid by the mortgagee to the mortgagor as afoiresaid, The mort- gagor doth hereby assign unto the mortgagee. All that the goodwill and interest of him the mortgagor in the business of an inn or tavern keeper as the same is carried on at or in the said premises in street in the town of , called " The Ship Inn," and in any subsidiary trade or trades, business or busi- nesses carried on at or in the said premises in connection with Digitized by Microsoft® BILLS OF SALE. 777 the said business of an inn or tavern keeper, and the wine and f^^J^ls^r spirit licences belonging to the said premises, and the full benefit ™™aTOCK and advantage thereof, And also all and singular the stock in '" '''^^^- trade, trade fixtures, household furniture, plate, lineu, glass, ^[00™^ china, and other effects belonging to or used in or about the *™gg'f,f;. said premises called "The Ship Inn," or in anywise belonging "''™''' *^'^' to or used in the said business as carried on at or in the said premises : And also all the stock in trade, trade fixtures, household furniture, plate, linen, glass, china, and other effects aUo future which shall or may at any time or times during the continuance trade, ax- tures &c, of this security be brought into the said premises called " The Ship Inn," or be appropriated to the use of the said business either in addition to or in substitution for the stock in trade, trade fixtures, household furniture, plate, linen, glass, china, and other effects now being therein or belonging thereto, or any of them : And all the interest of the mortgagor therein : To to mort- HOLD all the premises hereby assigned, or expressed so to be, tg unto the mortgagee : Provided always, that this assign- ment shall be void if the mortgagor shall on the day of next pay to the mortgagee the sum of £ , with interest thereon after the rate of £ per cent, per annum, computed from the date of these presents (a) : And that until the mort- qufet°Jnjoy- gagee shall take possession of the said premises under the power So?4aeor in that behalf hereinafter contained, it shall be lawful for the default. mortgagor to retain the enjoyment and possession of the same, and to consume in and for the purposes of the said business such of the stock in trade hereby assigned as is or shall be of a con- sumable nature, and also to remove from the said premises, and dispose of as he or they shall think fit any of the said trade fixtures, household furniture, and other effects in lieu of and in exchange for other trade fixtures, household furniture, or effects of equal or greater value which shall have been brought into the said premises known as "The Ship Inn," or otherwise ap- propriated to the use of the said business. But the mortgagor Proviso that uiortEflcor covenants with the mortgagee that he will not while in pos-shaunot f> ' 1 111 1 • 1 remove session as aforesaid remove the chattels and premises hereby chattels except to assigned, or expressed so to be, or any of them, frorn or out of suhstitute the said premises called " The Ship Inn," except for the purpose ^l^°^l of substituting other chattels in their place of equal or greater (o) It is assumed that the recited mortgage deed contains the usual covenants to pay principal and interest. Digitized by Microsoft® 778 BILLS OF SALE. BT INN- KEEPER, OF GOODWILL AND STOCK IN TRADE. value, and except as to consumable provisions in the ordinaiy course of business, without the consent of the mortgagee : And THAT the mortgagee shall be at liberty at all reasonable times mo*r4''ag'ee *° enter into and upon the said premises called "The Ship toTiispoot, Inn," for the purpose of inspecting the chattels and premises *°" hereby assigned, or expressed so to be, and the state and con- dition thereof, and of taking schedules and inventories of the same, and for all other reasonable purposes connected with this Power to security : Pkovided always, and it is hereby agreed and mortgagee *^ ./a d"f°^'it't declared, that it shall be lawful for the mortgagee, at any time enter and or timcs after the said day of next, while anv money take posses- •* ' j j sion, remains owing on this security, either by himself or his agents or servants, to enter into and upon the said premises called "The Ship Inn," or any part thereof, or any other place or places in which the chattels and premises hereby assigned, or expressed so to be, or any of them, shall be or shall be supposed to be, and to seize and take possession of the said chattels and premises, and either to remove and carry away the same or to remain in the said premises called " The Ship Inn," or such other place or places as aforesaid, for the purpose of selling and to sell, the Said chattels and premises as he shall think fit, And also to sell the said goodwill, chattels and premises, or any of them, or any part or parts thereof respectively, either together or in lots, and either by public auction or private contract, at such price or prices, and upon and subject to such terms and to'iet or conditions as he may think fit. And also at any time or times, lease, g^^^ either preparatory to any such sale or otherwise, to let ^the same premises, or any of them, or any part thereof re- spectively, either from year to year or otherwise, or to grant any lease or leases thereof for any term or terms of years, and either in possession or reversion, and either with or without taking a premium for the making thereof respectively, and at such yearly or other rent or rents, and under and subject to such covenants and conditions, and generally upon such terms with power as he shall think fit : And also to buy in any premises which and rescind may be put up for Sale by auction, and to rescind or vary any contracts, ■' p , , , . , . ^ , . -, . contract tor the sale, letting, or leasing oi the said premises, or any part thereof, and to re-sell, re-let, and re-demise the pre- mises which shall be so bought in, or the contract for the sale, letting, or leasing whereof may be so rescinded as aforesaid, without being answerable for any loss occasioned thereby or consequent thereon, and also upon any such sale, letting, or Digitized by Microsoft® BILLS OF SALE. 779 K£EPEB, OF GOODWILL AND STOCK IN TRADE. leasing as aforesaid, to give time for tte payment of the pur- chase money or premiums, or any part or parts thereof respec- tively, and upon such security, personal or otherwise, or without security as he may think fit, and also to execute any deed ^^^of ™ or deeds, to give effectual receipts for any purchase-money or Su^tose-"' premiums, and to do all other acts and things for completing """^y- *"• any sale, letting, or lease which the mortgagee shall think proper : And it is hereby agreed and declared, that the Trusts of mortgagee shall, with and out of the purchase-moneys, rent, money, premiums, or other consideration moneys to arise from any such sale, letting, or lease as aforesaid, in the first place pay and retain the costs and expenses attending such sale, letting, or lease, or otherwise incurred in relation to this security, and in the next place pay and satisfy the moneys which shall then be owing on the security of these presents, and shall pay the surplus (if any) to the mortgagor, his executors, administrators, or assigns : Provided also, that while and so long as the Mortgagee mortgagor shall carry on the said business at " The Ship Inn " &c., with-' aforesaid, and shall not become bankrupt, or make any arrange- except in ' ments with his creditors, and shall duly and punctually pay inte- oases. rest on the principal sum hereby secured on the day of and the day of in every year, or within fourteen days thereafter, and shall also duly observe the covenants hereinafter contained, the mortgagee shall not exercise the powers of sale and leasing hereinbefore contained without first giving to the mortgagor, or leaving at " The Ship Inn " aforesaid, fourteen days' previous notice of his intention so to do : Provided also, Purchaser that no purchaser or lessee shall be bound to see or inquire to inquire as whether any money shall at the time of the sale or lease remain owing on this security, or that the sale or lease is consistent with the proviso last hereinbefore contained, nor otherwise as to the necessity or propriety of the sale or lease, nor be affected by notice that the sale or lease is unnecessary or improper. (Covenant by mortgagor that he has right to assign, and for further asswrance, to insure against fire, and usual provisions as to insurance, suprd, pp. 762, 763, — declaration that security shall extend to future property, and power of attorney, p. 765, — declaration that powers of mortgagee shall devolve on his executors, dtc, suprd, p. 763.) In witness, &c. Digitized by Microsoft® 780 BILLS OF SALE No. IX. TO BANKING COMPANY TO SECUBB BAliANCE 0* ACOODNT CURRENT. MORTGAGE of Chattels hy a Tbadek to a Banking Company to secure the Balance of his Account Current. THIS INDENTURE, made the day of Recite that mortgagor has opened account. Agreement for security. Witnessing part. Mortgagor covenants to pay to company all moneys owing on account current. and to pay interest on final balance. Second witnessing part. Mortgagor assigns chattels to banking company. Subject to proviso for redemption. Power to talce posses- sion, &c. -, Between A. B. of, &c. (hereinafter called "the mortgagor") {mortgagor), of the one part, and The r- Banking Company Limited (hereinafter called " the company "), of the other part : Whereas the mortgagor has opened an account with the company at their branch bank in aforesaid, and has agreed to give such security in respect thereof as is hereinafter ex- pressed : NOW THIS INDENTURE WITNESSETH, that in pursuance of the said agreement, and in consideration of the premises. The mortgagor doth hereby covenant with the company that he the mortgagor will pay to the company all sums of money which now are or shall from time to time here- after become due and owing from him on his account current with the company (including interest, commission, and other lawful charges) : And if at the time when this account current is closed a balance shall be owing from him thereon, then will pay to the company interest thereon ■w'hile the same shall remain unpaid after the rate of £5 per cent, per annum, com- puted from the time when such balance shall be ascertained : AND THIS INDENTURE ALSO WITNESSETH, that in further pursuance of the said agreement, and in consideration of the premises, The mortgagor doth hereby assign unto the company, All, &c. (describe chattels) : To HOLD the same unto the company : PROVIDED ALWAYS, that upon payment to the company of all moneys hereinbefore covenanted to be paid to them, the said chattels and things hereby assigned, or such of them as shall not have been sold under the power in that behalf hereinafter contained, shall revert to and again become the absolute property of the mortgagor : And it is declared, that it shall be lawful for the company, at any time or times hereafter while any money is owing to them on the said account, to, &c. (take possession and sell, — declaration of trusts of purchase money, — covenant for right to assign and further assurance, and for insurance against fire, as in Precedent No. I., to the end, supra, pp. 761 to 763, omitting clause as to notice). In witness, &c. Digitized by Microsoft® BILLS OF SALE, 781 No. X. AFFIDAVIT to be Filed Pursuant to Act for Regis- i™";" TEEING Bills of Sale. ^"-^"^ I, L. M. of , in the county of , a solicitor of the Supreme Court of Judicature, make oath and say, as follows : — 1. That the paper writing hereunto annexed is a true copy of a bill of sale, made or given by A. B. to C. D., of ■ ; in the county of , Esq. [and of the schedule or inventory thereto annexed or therein referred to (a)], and of the {or every, if there are two attesting witnesses) attestation of the execution thereof. 2. That the said bill of sale was made or given on the day of , 18 — , being the day of the date thereof, and was duly executed and attested. 3. That I was present, and did see the said A. B. sign and execute the said bill of sale, on the said day of , in the year aforesaid, and that the said A. B. then resided and still resides at , and then was and still is a linendraper, 4. That the name L. M. subscribed as a witness attesting the execution of the said bill of sale is in my proper handwriting, and that on the said day of , in the year aforesaid, I resided and that I still reside at , and am a solicitor of the Supreme Court of Judicature (6). (a) Where there is a sohedale or inventory. (6) If there are two attesting witnesses, substitute for paragraph 4 : — 4. That the names L. M. and G. H. subscribed as witnesses attesting the execution of the said bill of sale are respectively in the handwriting of me and of the said G. H., and that on the said day of , in the year aforesaid, I resided and that I still reside at , and am a solicitor of the Supreme Court of Judicature, and that the said G. H. then resided and still resides at , and then was and still is a grocer. Digitized by Microsoft® 782 BILLS OP SALE. TION THAT MONEYS HAVE BEEN PAID. No. XT. DECLAEATION hy Donee of Bill of Sale that the Peincipal Moneys and Intekest theeeby secured have been Paid. I, C, D, of, &c., Do heeeby certify and declare, that all the moneys secured by the within-written bill of sale [or the bill of sale of which the within- written paper is a copy], and all interest in respect thereof, have been duly satisfied and discharged. Signed by the said C. D.,. in the presence of E. F., of, &c., and G. H. of, &c. (Signed) C. D. Digitized by Microsoft® APPENDIX (A). N.B. — The following Observations appeared in the last Edition. OBSERVATIONS ON THE LAND TRANSFER ACT, 1875. (38 & 39 Vict. c. 87.) 1. Thk fourth edition of this work, which was published shortly introduo- after the passing of the Land Transfer Act, 1862 (Lord Westbury's *"'°' Act), contained (in an appendix) a paper kindly contributed by Mr. Watters, of the Middle Temple, in which the writer discussed the provisions of that Act, and arrived at the conclusion, for reasons clearly and forcibly stated, that it would be likely to prove a failure ; a conclusion which has been fully justified by the event. The Land Transfer Act, 1875, is an attempt on the part of the Legislature to cure the supposed defects of the former measure, and it is proposed in the following pages to give a summary of its leading provisions, and then to consider whether it is likely to meet with more success than its predecessor («). 2. The preamble of the Act states its object to be to make further Preamble of provision for the simplification of the title to land, and for facilitating ^^^ ^°'' the transfer of land in England. This object is to be attained by the establishment of a land registry (to be substituted for the registry established by the former Act), in which any person who has con- Persons tracted to buy an estate in fee simple in land, or any person entitled register.^ to or having the power to dispose of an estate in fee simple in land, may get himself or his nominee or nominees, not exceeding the pre- scribed number (which is limited by the rules to four (6), to be regis- tered as proprietor or proprietors, either with an absolute title or with a possessory title only ; but in the case of land contracted to be bought, the vendor must consent to the application (c). 3. A first registration as proprietor, with an absolute title, vests in Effect of him an estate in fee simple, subject to registered incumbrances trationf ^ (if any), to such liabilities, rights, and interests as are by the Act declared not to be incumbrances, and algo (as between himself and persons claiming under him) to any unregistered rights and interests to which such persons are entitled (d). Registration, with a pos- sessory title only, will not affect or prejudice the enforcement of any adverse right subsisting or capable of arising at the time of registration (e). (a) Many of the reasons which were urged by Mr. Waiters in the paper above referred to, as. likely to prevent landowners from registering under Lord Westbury's Act, are equally applicable to the present measure, and are, In substance, repeated (with the writer's permission) among the observations in the text. (b) Kule 37. W Sect. 5. id) Sect. 7. W Sect. 8. Digitized by Microsoft® 784 APPENDIX. Registration with a quali- ■ fled title. 4. The registrar may certify a title as established for a limited period only, or subject to reservations, and this is called a qualified title (a). 5. The Act directs that a separate register be kept of leasehold land, and enables registration as proprietor of leasehold land subject to provisions similar to those relating to freehold laud (b). 6. Registered land will remain subject to certain liabilities, rights, and interests, which are declared by the Act not to be incumbrances, and which may be shortly stated as all incidents of tenure, succession, duty, land-tax, tithe rent-charge, rights of common and easements, mineral rights, franchises, and leases or tenancies, for any term not exceeding twenty-one years, where there is an occupation thereunder. 7. Sections 22 to 28 enable registered proprietors to create regis- tered charges, and describe the efifect and operation of such charges. Sections 29 to 33 relate to the transfer of freehold land, and in effect provide that a registered proprietor may transfer the entire fee simple, but do not allow of the creation of less estates ; and in like manner the registered proprietor of leasehold land may transfer the whole of his estate therein, or iu any part thereof (c). 8. On the death of a sole registered proprietor, or the survivor of several joint registered proprietors of freehold land, the registrar is to register as proprietor such person as he may deem entitled to be so registered (d) ; and if the land be leasehold, the executor or administra- tor is to be registered («). And if a female registered proprietor marries, the husband may in certain cases be registered as co-proprietor (/). 9. A lessee of registered land may apply to the registrar to have notice of the lease entered on the register (is pcenitentwe, Land cannot by allowing him, if dissatisfied, to withdraw his land from the drawn from register, and thus restore himself to his former position. register. 31 _ jf ti^g Act of 1876 should prove in the sequel to be as abortive ^proposal ^ measure as its predecessor, it may be assumed that Parliament will to make not make a third attempt to establish a voluntary registration. If oompSsory. the question should be again brought forward, it will probably be in the shape of a proposal to make registration compulsory. But com- pulsory registration must be universal, and it must be convenient. Kegistries would have to be established not only in London, but in all the principal provincial towns, and the cost of their establishment would have to be borne by the public. It would seem right also that the public should pay the expense of the first registration of pro- prietors, for it would be hardly fair to compel the proprietor himself to pay for a process which he would rather dispense with altogether. But in any case a very considerable expense would be thrown on the public by establishing a general registry of title. CompiUsory 32. It must be remembered that the Bill on which the Act of 1875 oriSuyin ^^® founded contained a clause making registration compulsory on Lord Cairns' any sale of the fee simple, after the expiration of a certain period ; withSwn, bi^t tli8,t this clause was deliberately withdrawn by Lord Cairns, because of' because his lordship was satisfied by representations made to him Liie addi- tional prevent a letter transmitted through the post from being conclusively relied upon as a protection ; and it is not probable that persons would often hamper them- selves with the necessity of obtaining the consent of third pajties to dispositions of their jir^erty. Digitized by Microsoft® APPENDIX. 79 1 that registration would increase, rather than dirniuish, the expense of li^t"!" transfer in small transactions. A clause was first inserted exempting wonid cause sales below a certain value from its operation, and this was followed tJ^sa" by the entire withdrawal of the compulsory provision. Now, if it be tions. true, that registration would impede rather than facilitate the sale of land in small lots, it would be an arbitraiy and unwarrantable assumption that it would have a contrary effect as a general rule in transactions of greater magnitude, and this being so, it is difficult to believe that Parliament will throw on the country the burden of establishing a system, the advantage of which to the public is so doubtful. 33. But it will be asked, can nothing be done to diminish the whether heavy expense attending the sale and purchase of laud 1 It may be S*be"done answered, that certain expenses, e. g., auctioneer's fees and surveyor's t^" lessen tiio charges, which form a large proportion of the total cost, would attending have to be incurred under any system ; the stamp duties must also ^ot")!^^"^^^ be paid to Government ; and the only saving proposed by registration is in the item of legal expenses, in relation to the investigation of title and conveyance. It is believed that judicious amendments of Suggestions the law might do something to simplify titles, and thus diminish the SSril"™' expense of investigation, and an attempt in this direction has been ^"jjj E™"*'^? made by the Vendor and Purchaser Act, 1874. Lord Cranworth's be lutro^^ Act also (23 & 24 Vict. c. 145) has had some effect in shortening "^""^""^ . Settlements and Wills ; and that Act might be usefully amended in of'S"" those respects in which it is considered defective, e. g., as regards the cranworth's powers annexed to the office of mortgagees, and its principle might be extended by enacting other statutory common forms. The wide Limitation application given by the Courts to the doctrine of constructive doctrine of notice is a frequent source of trouble and expense, and some limi- constructive tation and more accurate definition of this doctrine is much needed. And lastly, the plan of a general registration of assurances, as dis- tinguished from a registration of title, although described during the debates on the Land Transfer Bill as an obsolete notion, appears to us to be well worthy of consideration. A registration of this kind could JJon of™' be established at a comparatively small cost ; and if it were provided aasurances. that no unregistered deed should affect purchasers or mortgagees, whether they have notice of it or not, one of the principal reasons which have impeded the usefulness of the local registries in Middlesex and Yorkshire would be removed. Other reforms might be introduced without the aid of Parliament. yJH*'*"*^ "' The present system of abstracts of title might be reconsidered. If there were a registration of assurances, printed oflSce copies of the deeds delivered to the purchaser would avoid the necessity for pre- paring an abstract, or for attendances and journeys to examine deeds ; and now that solicitors are not restricted to a particular mode of making their charges, their interests need be in no way prejudiced by any reforms of this natm-e. But it would be travelling beyond the object of this paper to pursue this consideration any further. The only reason for referring to it is to prevent its being supposed that the objections above expressed to registration of title are accompanied by a feeling of entire satisfaction with the present system. Digitized by Microsoft® 792 (B.) 37 & 38 Vict. c. 78. 3T & 38 Vict. -An Act to Amend the Lam> of Vendor and Purcliaaer, and further to c-'^8. simplify Tvtle to Land. [7th August, 1874.] WhbeeAS it is expedient to facilitate the transfer of land by means of certain amendments ia the law of vendor and purchaser : Be it enacted hy the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows : Forty years 1. In the completion of any contract of sale of land made after the thirty- sutistitated fj-gt ^ay of December, one thousand eight hundred and seventy-four, and years'aJthe subject to any stipulation to the contrary in the contract, forty years shall be root of title, substituted as the period of commencement of title which a purchaser may req[uire iu place of sixty years, the present period of such commencement ; nevertheless earlier title than forty years may be required in oases simUax to those in which earlier title than sixty years may now be required. Bules for 2- I^ ^'^ completion of any such contract as aforesaid, and subject to any regulating stipulation to the contrary in the contract, the obligations aad rights of othgations yg^^or and purchaser shall be regulated by the following roles ; that is vendor and to say, purchaser. First. tTnder a contract to grant or assign a term of years, whether derived or to be derived out of a freehold or leasehold estate, the intended lessee or assign shall not be entitled to call for the title to the freehold. Second. Eecitals, statements, and descriptions of facts, matters, and parties contained in deeds, instruments. Acts of Parliament, or statu- tory declarations, twenty years old at the date of the contract, shall, unless and except so far as they shall be proved to be inaocTirate, be taken to be sufficient evidence of the truth of such facts, matters, and descriptions. Third. The inability of the vendor to furnish the purchaser with a legal covenant to produce and furnish copies of documents of title shall not be an objection to title in case the purchaser will, on the com- pletion of the contract, have an equitable right to the production of such documents. Fourth. Such covenants for production as the purchaser can and shall require shall be furnished at his expense, and the vendor shall bear the expemse of perusal and execution on behalf of and by himself, and on behalf of and by necessary parties other than the purchaser. Fifth. "Where the vendor retains any part of an estate to which any docu- ments of title relate he shall be entitled to retara such documents. Trustees ^' Trustees who are either vendors or purchasers may seU or buy without may sell, &o., excluding the application of the second section of this Act. ^^^' *■ '^^^ '^^Z^ personal representative of a mortgagee of a freehold estate, or rules.™^ of ^ copyhold estate to which the mortgagee shall have been admitted, may. Legal per- °^ payment of aU sums secured by the mortgage, convey or sun-ender the sonal repre- mortgaged estate, whether the mortgage be in form an assurance subject to sentative redemption, or an assurance upon trust, may convey c /i. 7 j\ legal estate "• (Repealed). ofmort- 6. When any freehold or copyhold hereditament shall be vested in a gaged pro- perty. Digitized by Microsoft® APPENDIX. 793 married woman as a bare trustee, she may convey or snrrender the same as if 37 & 38 Vict. she were a feme sole. - ! 7. (JRepeaUd). Married 8. Where the will of a testator devising land in Middlesex or Torkshire w??*>, has not been registered within the period allowed by law in that behalf, an trosfee may assurance of saoh land to a purchaser or mortgagee by the devisee or by some convey, one deriving title under him shall, if registered before, taie precedence of and Non-regi3- prevail over any assurance from the testator's heir-at-law. wlu'ln "' 9. A vendor or purchaser of real or leasehold estate in England, or their Middlesex, representatives respectively, may at any time or times and from time to time *"'■> "}"!?'' apply in a summary way to a judge of the Court of Chancery in England in cases. chambers, in respect of any requisitions or objections, or any claim for com- „ , pensation, or any other question arising out of or connected with the contract, purchaser (not being a question affecting the existence or validity of the contract,) and ™»y obtain the judge shall make such order upon the application as to him shall appear judge™ " just, and shall order how and by whom all or any of the costs of and incident chambers to the application shall be borne and paid. smons^o"' A vendor or purchaser of real or leasehold estate in Ireland, or their repre- objections, sentatives respectively, may in like manner and for the same purpose apply or compeu- to a judge of the Com-t of Chancery in Ireland, and the judge shall make ^* ""'' "' such order upon the application as to him shaU appear just, and shall order how and by whom all or any of the costs of and incident to the application ^^°' "' shall be borne and paid. 10. This Act shall not apply to Scotland, and may be cited as the Vendor and Purchaser Act, 1874. Sections 6 and 7 of the above Act are repealed by the Act 38 & 39 Vict. o. 87, sects. 48 and 129. Sect. 48 is as follows : — 48. Section five of the Vendor and Purchaser Act, 1874, shall be repealed on Bare legal and after the commencement of this Act, except as to anything duly done c?tate in fee thereunder before the commencement of this Act ; and, instead thereof, be it vest in exe- enacted, that upon the death of a bare trustee intestate as to any corporeal or cutor. incorporeal hereditament of which such trustee was seised in fee simple, such hereditament shall vest like a chattel real in the legal personal representative from time to time of such trustee. Digitized by Microsoft® Digitized by Microsoft® INDEX TO THE DISSERTATIONS AND NOTES. ABSTRACT, condition as to time for delivery of objections applies from the delivery of a perfect, 11 delivery of, or payment of piirchase-money, not part performance of agreement so as to take case out of Statute of Frauds, 78 proper commencement of title, 137 what, should state, 139 should equitable mortgages be abstracted, 139 purchaser should examine, with deeds, 139 evidence in verification of, 140, et seq. to be furnished as to leaseholds, 143 renewable leaseholds, 143 satisfied terms, 144 copyholds, 144 crown lands and impropriate rectories, 144 advowsons, 145 life and reversionary interests intrust moneys, 145 custody of, 146 ACKNOWLEDGMENTS, by married women, 183, 257 form of memorandum of, 183 certificate of the taking of, 184 when, dispensed with, 257 ADMISSION, form of, to copyholds, 174 of joint tenants, 175 of tenants in common, 175 of tenant for life generally admission of remainderman, 175 on appointment of new trustees, 177 costs of surrender and, to copyholds, 205 where mortgagee must be admitted to transfer security, 696 ADVOWSONS, as to arrangements on purchase of, that purchaser shall receive interest on purchase-money until vacancy, 103 title to be famished as to, 145 observations on, 422, 423 Digitized by Microsoft® 796 INDEX TO THE DISSEKTATIONS AND NOTES. AGENT, for sale or purchase of property, cannot bind principal beyond autho- rity given, 75 AGREEMENT, for sale of land must be in writing, signed by party to be charged, or his agent, 73 what property is land within meaning of Statute of Frauds, and what not, 73, 74 what is a sufficient signing of, 75 when letters constitute, 76 notice by Company to treat, to what extent a contract, 77 part performance of, takes case out of Statute, 78 what is part performance, 78, 79 measure of damages on breach of, for sale, 82 stamps on, 84 as to the importance in certain cases of, in writing for loan on mort- gage, 114 ALIEN, purchases by, and devises to trustees for, prior to Naturalisation Act 1870, 190 capacity of, as to property under that Act, 190 enactments as to national status of married women and infant children, 191 ALLOTMENTS, title which must be deduced to, under an award, 7 ANNUITIES, otherwise than by marriage settlement must now be entered in Common Pleas, 170 stamp on conveyance where consideration is, money payable periodi- cally during any life or lives, 208 APPARENT POSSESSION, what is, 733 what is necessary to take chattels out ol, of grantor, 737 cases on this subject, 737, 738 diflference between, in Bills of Sale Act, and order and disposition clause under Bankruptcy Act, 747 APPORTIONMENT, conditions as to, of rent on sale of part of estate subject to lease at entire rent, 29 ASSIGNEE OR TRUSTEE OF BANKRUPT, the real and personal estate of bankrupt vests in, by appointment 314 may execute powers vested in bankrupt, 314 may disclaim lease, and unprofitable contracts, 314 cannot remove tenant's fixtures after disclaimer, 315 Digitized by Microsoft® INDEX TO THE DISSERTATIOKS AND NOTES. 797 ASSIGNEE OR TRUSTEE OP BANKRUPT.— coniinwei. unregistered bill of sale void against, in bankruptcy, 745 proper mode of framing bill of sale so as to give best security against, in bankjniptcy, 757 ATTESTED COPIES, when purchaser entitled to, of deeds, 204 ATTORNMENT, by mortgagee in possession, to secure interest, 659 AUCTION, sales by, within Statute of Frauds, 76 AUCTIONEER, entitled to receive deposit, but not remainder of purchase-money, 203 BANKRUPTCY ACTS, provisions of the, 314 BANKRUPTCY, trustee in, empowered to make appointment of bankrupt's copyholds, 314 sales to purchaser after act of, and before order of adjudication, 315 position of mortgagee on mortgagor's, 475 notice of assignment before, 501 personal chattels comprised in bill of sale duly registered under Bills of Sale Act, 1878, not within order and disposition clause, 742 743 antenuptial settlement of personal chattels supported against hus- band's, 746 order and disposition clause does not apply where possession is obtained or demanded without notice between act of bankruptcy and adjudi- cation, 748 order and disposition clause does not apply to goods retained in the usual course of trade, 745 under what circumstances a biU of sale is an act of, 748, et seq, BANKRUPT, property of, vests in trustee on appointment, 314 powers vested in, may be exercised by trustee, 314 trustee may disclaim lease, and unprofitable contracts, 314 power of trustee to appoint copyholds of, 314 must hold goods \nth consent of true owner for goods to go to trustee, 747 when voluntary settlements made by, trader are void as against credi- tors, 755, 756 BILL OF SALE, Act of 1878 requires registration within seven days, 731 registration of, must be renewed every five years, 741 Digitized by Microsoft® 798 INDEX TO THE DISSERTATIONS AND NOTES. BILL OP SALE— continued. the modes of registering, 740 what is a, within the Act of 1878, 732 agreement for, is within this Act, 737 as to repeated renewals of, and the provision of this Act as to same, 739 as between two hills of sale of same chattels the one which is first registered will have priority, 740 formalities to he observed in registering, under Act of 1S78, 742, 743 order and disposition clause does not apply when, is registered under Act of 1878, 742, 745 under what circumstances a, is an act of bankruptcy, 748, et seq. proper mode of framing a, 757 how' to frame a, so as to include after-acquired effects, 758, 759 BUILDING SOCIETY, may now obtain a certificate of incorporation, 604 may invest its funds in real or leasehold or other specified securities, 601 provisions of, Act, 604, 715 CHARGES OF DEBTS, power of devisees in trust, executors, and beneficial devisee respectively, under, 323 CHARITY, requisitions of conveyance of land to, 193 CHOSE IN ACTION, assignment of debt or other legal, effectual to pass legal right if notice is given to debtor, &c., 414, 497, 499 consequence of not giving notice on assignment of, 497, 499 things in action not goods and chattels within order and disposition, 501 CONDITIONS OF SALE, proper stipulations in, 2 construction of, as to title, 3, 4 written or printed, cannot be verbally varied, 29 as to time for delivery of objections, 11 as to timber, 29 effect of, for payment of interest on purchase-money if purchase is de- layed, 15 when necessary, for negativing right of purchaser to call for lessor's title, 5 on sale of renewable leaseholds, 5 an estate held on lives, 7 an underlease, 6 as to rescinding the contract, 12 as to apportionment of rent on sale of part of an estate subject to a lease at an entire rent, 29 Digitized by Microsoft® INDEX TO THE DISSERTATIONS AND NOTES. 799 CONDITIONS OF SALE-continued. construction of, that misdescription shall not annul sale, but shall be subject for compensation, 17, et seq.' who entitled to custody of title deeds on sale of estate in lots in absence of, 10 proper, on sale of property subject to incumbrances, 8 proper, on sale by trustees, 30 no reliance should be placed by vendor on statements made at the sale, 30 what conditions necessary when title registered under Land Transfer Act, 31 observations on, excluding compensation for misdescription, 35 the condition as to interest, 86 CONTINGENT ESTATES, disposition and failure of, 401 the present law as to, when particular estate determines before contin - gent remainder vests, 401 CONTRACT, conditions of sale as to rescinding, 12 time may be made essence of, 14 what is a misdescription which will entitle purchaser to rescind the, 23 should contain name of vendor, 37 consequence of, 79, 83, 84 purchaser liable to loss and entitled to benefit happening after, 79 position of vendor and purchaser after, 79 damages on breach of, for sale, 82 effect of bankruptcy of purchaser after, 83 effect of death of either party after, 83 effect of, on devise, 83 effect of judgments after, for sale, 139 by infants, 188 CONVEYANCE, ordinary parts of a deed of, 194 execution o^ and receipt for purchase-money, 203 costs of, 205 stamps on, 207 who are proper parties to, on a sale under a decree, 376 COPYHOLDS, what title must be deduced to enfranchised, 7 abstract of title to, 144 usual mode of alienating, 174 form of admission to, 174 fines payable on admission to, 175, e< seq. surrender may be made in Court or out of Court,, 174 purchase of, by corporation, 174 owner of legal estate in, real tenant, 175 J Digitized by Microsoft® 800 INDEX TO THE DISSERTATIONS AND NOTES. COVYHOLBS—cmtinued. admission of joint tenants to, 175 tenants in common, 175 admission of tenant for life generally admission of remainderman, 175 admission on appointment of new trustees of, 177 equitable interest in, may be assigned by deed, 178 leases of, 178 what amounts to forfeiture of, 178 when widow is entitled to freebench, 178 how the widow's right to freebench may be defeated, 179 when testator intends immediate sale of, trustees should be directed to sell, and copyholds should not be devised to them for this pur- pose, 179 enfranchisement of, 179, 180, 181 lord, though his interest ia limited, can accept surrenders and make grants, 179 Dower Act does not extend to, or to freebench, 224 cost of surrender of, and admission to, 205 lord cannot be compelled to accept surrender to such uses as purchaser shall appoint, 231 trustee in bankruptcy empowered to appoint bankrupts' copyholds, 314 proper form of mortgage of, 460 transfer of mortgage of, when concurrence of mortgagor can and cannot be obtained, 696 construction of bill of sale of fixtures when attached to, 736 CORPORATION, cannot hold land except by licence or under statutory powers, 193 COVENANT, form of, for title, 195 operation of, for title, 195 usual, on sale by trustees, 195 what covenants are entered into by tenant for life when power of sale is exercised with his assent, 196 better opinion that cestuis que trust of proceeds of sale cannot be required to covenant for title, 196 by husband on sale of wife's estate, 196 for further assurance, 196 what are the usual, for title, 197 restrictive covenants by purchaser, and their operation, 197 igg when, does and does not run with the land, 198 when purchaser must, with vendor, 199 for production of deeds, 199 when purchaser entitled to, for production of deeds, 204 expense of, for production now to be borne by purchaser 9 stamp on separate deed of, 210 when, for production of deeds should be by separate deed 445 actions on, by mortgagee, 479 in mortgage to insure against fire, 464 Digitized by Microsoft® INDEX TO THE DISSERTATIONS AND NOTES, 801 COVENANTS FOR TITLE, form of, 195 what are the usual, for title, 197 CRANWORTH'S, LORD, ACT, provisions of, as to mortgages, 504 general objections to making use of statutory power, 505 inconvenience of provisions as to notice, 505, 506 incompleteness of statutory power to insure, 506 advantage conferred by, on mortgagee, as to appointment of receiver, 606 course recommended as to, 507 CROWN DEBTS, when they become a charge on the land, 166 provision for registration of, 166 provision for re-registration of, 167 effect of notice as to, 167 provisions of 28 & 29 Vict. c. 104, 168 CUSTOMARY FREEHOLDS, how they are held and how they pass, 181 DEEDS, who entitled to custody of, on sale of estate in lots, 10 expense of journeys, &c., for examination of, and verification of abstract, 9 right of purchaser to inspect ancient, 138 proof of enrolled, 142 proof of execution of, by attorney, 143 penalty for concealing, 146 when purchaser must covenant for production of, 200 relating solely to property sold must be delivered to purchaser, 204 rule when, relate to other property also, 204 purchaser entitled to attested copies of, not delivered to him, 204 expense of covenants for production of, now to be borne by purchaser, 9 production of, by mortgagee, 205 joint tenant, &c., holding, bound to produce them to co-tenants, 205 when covenant for production ot^ should be by separate instrument, 445 consequence to mortgagee of not inquiring for, 494 what constitutes negligence as to, 495 DEPOSIT, payment of, by purchaser, 28 when provision should be made for investment of, 29 equitable mortgage by, of deeds, 466 effect of security by, 466 effect of, of lease, 467 mortgage of leaseholds by, carries fixtures, 728 VOL. I. 3 F Digitized by Microsoft® 802 INDEX TO THE DISSEIITATIONS AND NOTES. DEVISE, effect of contract on, 83 DOWEE, as to propriety of inserting declaration against, 219 where widow entitled to, under old law, 223 proyisions of, Act, 223, 224 what constitutes title to, 224 when property should be limited to uses to bar, 224 Fry V. Noble, 224 Act applies to gavelkind lands, but not to copyholds or freebench, 224 DUPLICATES, stamps on, 211 ENFKANCHISEMENT, of copyholds, 179 Acts for, of copyholds, 180, 181 ESTATES POUR AUTEE VIE, can be limited to grantee and his heirs or to him and his executors, 245 in either case would be assets for payment of debts, 245 EVIDENCE, fraud, mistake, or surprise, grounds for receiving parol, in defence to specific performance, 29 in verification of abstract as to births, &c., 140 descent, 140 failure of issue, 140 wills, 140 fine and recovery, 140, 141 insolvency and bankruptcy, 142 identity, 142 land tax, 142 intestacy, 142 destroyed deeds, 143 what amounts to presumption of death, 140 EXCHANGE, what title must be deduced to lands taken in, 8 proper form of private, 403 under Inclosure Acts, 403 EXECUTOE, may mortgage assets, and give mortgagee power of sale 486 having assigned lease to purchaser may distribute assets, 241 EXPENSE, of journeys, &c., for examination of deeds in verification of abstrdct 9 of getting in incumbrances, 206 Digitized by Microsoft® INDEX TO THE DISSERTATIONS AND NOTES. 803 FEOFFMENT, ancient mode of conveyance by, 173 FIXTURES, conveyance or mortgage of land carries, 728 equitable mortgage of leaseholds by deposit, carries, 728 right to, as between landlord and tenant, 729 heirs and executor, 729 what are not, 729 not deemed to be separately assigned where land passes by same instru- ment, 734 result of decisions on Bills of Sale Act of 1854 as to, 734 effect of Bills of Sale Act of 1878 as to, 735, 736 FORFEITURE, what amounts to, of copyholds, 178 FRAUDULENT PREFERENCE, what constitutes, 753 et seq. FREEBENCH, when widow is entitled to, 178 GRANT, corporeal as well as incorporeal hereditaments now lie in, 173 GROWING CROPS, when assigned separately are within the Bills of Sal e Act, 1878, 733 not deemed to be separately assigned when the land passes by same- instrument, 734 effect of Bills of Sale Acts as to, 735, 736 HUSBAND, ante-nuptial settlement of personal chattels supported agairst bank ruptcy of, 746 IDENTITY, evidence of, 10 INFANT, cannot enter into any contract or sustain a suit for specific perform- ance, 188 contracts of, however, only voidable if other party of full age, 188 INQUIRIES, consequence to mortgagee of not inquiring as to deeds, 494 3 If 2 Digitized by Microsoft® 804 INDEX TO THE DISSERTATIONS AND NOTES. INSURE, covenants to, 464 power in Lord Cranworth's Act to, incomplete, 506 INTEREST, effect of condition as to payment of, on purchase-money, 15 what arrears of, can be recovered by mortgagee, 479 observations on the condition as to, 86 ■JOINT TENANTS, fine payable by, on admittance to copyholds, 175 when purchasers take as, 200 JUDGMENTS, effect of, on land prior to Act 1 & 2 Vict. c. 110, 150 operation of, at law and in equity under the Statutes of Vict., 151 et sec[. effect of, against tenant in tail and donee of power, 152 after contract for sale, 159 do not affect a prior voluntary settlement, 153 not a charge on "ecclesiastical Uvings, 153 decrees, &c., have effect of, 159 provisions for registration and re-registration of, 153 et seq. against mortgagee, 156 construction of the Act providing for the suing out execution on, and putting same in force within three months, 156 of the 27 & 28 Vict. c. 112, as to, 157, 158 result of enactments as to, stated in seven propositions, 159 et seq. what searches should be made for, 161 where land is in a register county, 162, 163 how far registration necessary to preserve priority of, in administra- tion of debtor's assets, and how it ranks when registered and when not registered, 164, 165 JUDGMENT CREDITORS, nature of right of, 152 priority of, as between themselves, 159, 163 doctrine of notice does not apply as between, 164 JUDICATURE ACT, 1873, tenant for life, sans waste, has no legal right to commit equitable waste, 308 assignment of bond debt, or other legal chose in action, passes legal right if notice is given to debtor, &c., 414, 497, 499, 501 suits for possession of lands by mortgagees, 478 LANDS CLAUSES CONSOLIDATION ACT, sales under, 343 by the, costs of conveyance and of deducing title are thrown on company, 343 provisions of, in reference to purchase of lands and sale of super- fluous lands, 344 Digitized by Microsoft® INDEX TO THE DISSERTATIONS AND NOTES, 805 LAND TAX, evidence of discharge of, 142 LAND TRANSFER ACT, 1875, what conditions necessary where title is registered under, 31 mortgages of registered land under, 465, 510 effect of deposit of land certificate, &c., under, 467 ohservations on, 783 LEASE, effect on the conditions of re-entry of a sale in lots of property subject to lease at entire rent, 47 of copyholds, 178 executor having assigned, to purchaser may distribute assets, 241 effect of deposit of, 467 mortgagor with power of leasing, 471 of personal chattels to trader becoming bankrupt, 746 LEASE AND RELEASE, origin and reason of this mode of conve5-ance, 173 LEASEHOLDS, old rule as to production of lessor's title, 5 new rule as to, 5 proper conditions on sale of, renewable leaseholds, and underlease, 5,6 underlease should be sold as such, 6 abstract of title to, 143 husband's interest in, of his wife, 186 when purchaser of, bound to covenant to indemnify vendor against rent and covenants, 236 power of trustee to disclaim, of bankrupt, 314 on purchase of, from trustee of bankrupt, purchaser not bound to covenant for payment of rent and observance of covenants in lease, 320 assignments of, and surrenders required to be in writing, must be by deed, 412 effect of such assignments when under hand only, 412 usual form of mortgage of, 461 when renewable, made subject of mortgage, mortgage should contain covenant to renew, 546 LEASES AND SALES OF SETTLED ESTATES ACT, provisions of, as to sales under, 378 LETTERS, when, constitute agreement, 76 LIEN ON UNPAID PURCHASE-MONEY, Locke King's Act applies to, where estate is devised, 83, 484 Digitized by Microsoft® 806 INDEX TO THE DISSERTATIONS AND NOTES. LIS PENDENS, what it is, 169 suit must be pending, 169 purchaser only bounfl. by rights aflfeoting the estate, 169 must be registered, 170 LUNATICS, cannot dispose of property, 188 MARRIED "WOMAN, disposition by, of her interests in land and the proceeds of land, 182 as to her power of disposing of reversionary interests in personalty, 183 acknowledgments by, how to be made, 183 as to disposition of copyholds of, 185 husband's interest in his wife's chattels real, 18G effect of appointment by, 187 property settled to separate use of, may be disposed of by her as to equitable estate, 186 provisions of Married Women's Property Act, 1870, as to property of, 187 purchases by, 188 covenants by husband on sale of wife's estate, 196 reservation of equity of redemption of lands of, 462 can convey legal estate, vested in her as hare trustee, as feme sole, 792 MINES, exception of, leaves grantor in ownership of them as separate tene- ment, 371 right of owner to support from adjacent, 371 MISDESCRIPTION, construction of condition that, shaU not annul the sale, 17 what is a, which will entitle a purchaser to compensation, 17 instances of cases where purchaser has been held entitled to compensa- tion on, 22 what is a, which entitles a purchaser to rescind the contract, 23 in what cases of, vendor can obtain compensation from purchaser 24, 25 observations on conditions excluding compensation for, 35 MORTGAGE, as to the importance in certain cases af agreements in writing for loan on, 114 should equitable, be abstracted, 139 present usual form of, 460 form of, of copyholds, 460 leaseholds, 461 effect of reservation in, of right of redemption to different uses 461 reservation of equity of redemption of wife's lands, 462 provisions for reducing rate of interest on punctual payment, 463 continuing loan, 463 Digitized by Microsoft® INDEX TO THE DISSERTATIONS AND NOTES. 807 MOETGAQE— continued. covenants for title in, 463 to insure against fire in, 464 under Land Transfer Act, 465 equitable, by deposit of deeds, 466 effect of delivering deeds to prepare, 466 consequence of non-payment of, debt at appointed time, 467 tacking one, to another, 468 other debts to, 468 persons entitled to redeem, 469 forfeiture of equity of redemption if mortgagor makes second, con- cealing first, 470 to whom power of sale in, should be given, 472 construction of powers of sale in, 473, 474 exercise of these powers, 475 who entitled to surplus moneys arising from sales under these powers, 518 proper form of provision in, as to notice, 473 until recent Act personal estate primary security for payment of, debt, 481 with certain exceptions to rule, 481 recent Act makes land primary security for, unless document declares contrary intention, 482 construction of this Act, 483, 484 30 & 31 Vict. c. 69, 484 primary liability of husband on, of wife's land, 485 preparation of, under power, 485 does power to, authorise a power of sale in case of default, 485 how far protection of legal estate applies to transferee of, 490 on, to secure sum and future advances, mortgagee could not safely make advance after notice of second mortgage, 493 risk attending a second, 498 precautions to be taken by persons lending on second, 499 on, of personalty, notice should be given to all existing trustees, 502 effect of notice to assignor being himself a trustee, 502 provisions of Lord Cranworth's Act as to, 504 objections as to use of statutory power, 504, 505 of registered land, 510 stamps on, 510 transfer of mortgages, 511 reconveyances of, 511 when renewable leaseholds made subject of, mortgage should contain covenant by mortgagor to renew, 546 what provisions, of policy should contain, 573 what generally is best aiTangement where part of purchase-money is retained on, of purchased property, 589 who should be parties to, of land under trusts to raise portions, 616 convenient plan on, of railway shares, 656 observations on transfer of, 507 et sc/. Digitized by Microsoft® 808 INDEX TO THE DISSERTATIONS AND NOTES. UOWTQAGE— continued. moitgagor should be made party to tranBfer of, 687 mode of preparing transfer of, 692 transfer of, of copyliolds when concurrence of mortgagor cannot be obtained, 696 can be ob- tained, 696 MORTGAGEE, judgments against, 156 cases in which personal representatives of, can convey legal estate, 274, 509 production of deeds by, 205 entitled to six months' notice, 463 tacking as between mortgagor and, 468 remedies of, 471 position of, on bankruptcy of mortgagor, 475 action on covenant by, 476 may pursue his remedies simultaneously, 476 in possession, must accoimt to mortgagor, 476 ' will be allowed for necessary repairs, 477 cannot alone grant binding leases, 477 how rents to be applied by, in possession, 477 effect of Statutes of Limitation 'as between mortgagor and, 478 et seq. what arrears of interest can be recovered by, 479 .executor may give power of sale to, 486 priority of, may be lost by laches, 494 conseq^uence to, of not inquiring for deeds, 494 advantage conferred on, by Lord Oranworth's Act as to power to appoint receiver, 506 cases in which personal representative of, can convey legal estate, 274, 509 best mode of conferring on, power to distrain, 559 sham rent in attornment clause not supported, 560 MORTGAGOR, tacking as between, and mortgagee, 468 forfeiture of equity of redemption if, makes second mortgage concealing first, 470 position of mortgagee on bankruptcy of, 475 effect of Statutes of Limitation as between, and mortgagee, 478 et seq. when, is in possession mortgagee should have power of distress, 559 should be made party to transfer of mortgage, 687 NOTICE, purchaser not affected by judgment not registered within five years though he may have, 155 purchasers without, not aifected by Statutes of Vict, as to judg- ments, 154 Digitized by Microsoft® INDEX TO THE DlSSEPwTATIONS AND NOTES. 809 NOTlCE—continued. doctrme of, does not apply as between judgment creditors, 164 eflfect of, as to crown debts, 167 on, being given of assignment to debtor, legal right to bond will pass to purchaser, 414 of assignment before bankruptcy, 501 inquiries as to, received by legal holder, on sale or mortgage of chose in action, 500 usual, to exercise power of sale in mortgage, 473 proper form of provision as to, to exercise this power, 473 purchaser without, may protect himself against trusts, &c., by legal estate, 487 some cases to which this rule applies, 488 purchaser taking legal estate from express trustee with, not protected, 489 actual and constructive, 493 to solicitor notice to client, in certain cases, 494 consequence of not giving, in assignments of choaes in action, 497 of mortgages of personalty, should be given to aU existing trustees, 499, 502 effect of notice to assignor being himself a trustee, 502 on sub-mortgage of policy, 503 inconvenience of provisions in Lord Cranworth's Act, as to, 504 on transfer of mortgage debt by debtor, power of attorney not necessary if, is given to mortgagor, 688 PALATINE COURT, as to judgments obtained in, and searches when property is in palatine county, 171 PARTITION, may be eflfected by Court of Chancery or by application to Inclosurc Commissioners, 384, 405 Act providing machinery for securing sale of estates held in joint tenancy or tenancy in common, 384 PARTNERS, purchase by, 200 PERSONAL CHATTELS, modes of transfer of, 127 Act of 1878 requires biUs of sale of, to be registered within seven days, 731 what expression " personal chattels " in the Act of 1878 will include, 732 possession of, carries presumption of ownership, 730 when order and disposition clause of Bankruptcy Act applied to bills of sale before Act of 1878, 730, 731 what is necessary to take, oitt of apparent possession of owner, 737, 738 Digitized by Microsoft® 810 INDEX TO THE DISSERTATIONS AND NOTES. PERSONAL CHATTELS— coniwwed. cases on this subject, 737, 738 mode of registering bills of sale of, 740 ante-nuptial settlement of, supported against husband's bankruptcy, 746 as to post-nuptial settlements of, 747 proper mode of framing bill of sale of, 757 how to frame a bill of sale so as to extend to after-acquired, 758, 759' POLICY OP ASSUKANCE, evidence on purchase of, 146 when assignee of Ufe, can sue in his own name, 420 what notice should be given on sub-mortgage of, 503 what provisions mortgage of, should contain, 573 sometimes the giving notice before selling a mortgaged, may be ob- jected to, 574 POWEB, as to due execution and attestation of, 141 effect of judgment against donee of, 151, 152 trustee may execute, vested in bankrupt, 314 of sale and exchange, when affected by disposition of estate of tenant for life, -307 how consent should be given to exercise of power of sale and exchange, 308 of sale in mortgage, and to whom it should be given, 472 construction of powers of sale in mortgage, 473, 474 proper Jorm of provision as to notice to exercise, of sale in a mort- gage, 474 what is an oppressive exercise of a, of sale, 474 mortgages under, 485 does, to mortgage authorise a power of sale in case of default, 485 of sale under Lord Cranworth's Act, not equal to ordinary power, 504 PURCHASE DEEDS, proper recitals in, 194 stamps on, 207 cannot be given in evidence until duly stamped, 211 PURCHASE MONEY, effect of condition for payment of interest on, 15 who can give receipt for, 203 PURCHASER, entitled to official copies of wills and records to examine abstract with originals, 8 expense of production and covenant for production of deeds generally thrown on, 9 what is a misdescription which will entitle, to rescind contract, 23 in what cases of misdescription vendor can claim compensation from, 26 vendor or, can obtain opinion of judge in chambers, 31 is owner from date of contract, 79 is entitled to benefit and subject to loss happening after date of con- tract, 79 Digitized by Microsoft® INDEX TO THE DISSERTATIONS AND NOTES. 811 PUECHASER— contmueti. doubtful title will not be forced on, 81 of reversion must pay succession duty, 98 as to arrangements on purchase of advowson that, shall receive interest on purchase-money until vacancy, 103 right of, to inspect ancient deeds, 138 should examine abstract with deeds, 139 with notice, of land in register county when bound by unregistered deed, 149 with notice, not affected by judgment not duly registered, 155 without notice not affected by statutes of Vict., 154 provisions' of 23 & 24 Vict. c. 38, as to judgments entered up subse- c[uently to 23 July, 1860, 156 provisions of 27 & 28 Vict. c. 112, 157 proper searches by, for judgments, 161, 163 Crown debts, 168 lis pendens, 171 annuities, 171 restrictive covenants by, 197 when, must covenant with vendor, 199 when, must covenant for production of deeds, 199 effect when purchasers advance purchase-money in different propor- tions, 200 purchase in name of third person, 200 purchaser and third person, 201 when, entitled to attested copies of deeds, 204 covenant for production, 204 must pay expense of preparation of conveyance, 205 must bear expense of surrender and admittance, on sale of copyholds, S05 when land should be limited to, to uses to bar dower, 224 when, of leaseholds bound to covenant to indemnify vendor against rent and covenants, 236 sales to, after act of bankruptcy, 315 on purchase of leaseholds from trustee of bankrupt, not bound to cove- nant for payment of rent and observance of covenants in lease, 320 on notice being given of assignment to debtor, legal right to bond will pass to, 414 need make no inq[uiry on purchase under a power of sale in mortgage if provision as to notice properly drawn, 474 without notice may protect himself against trusts, &c., by legal estate, 487 taking legal estate from express trustee with notice not protected, 489 PURCHASES, by married women, 188 by solicitors from their clients, 189 who must bear expense of getting in incumbrances on a purchase, 206 Digitized by Microsoft® 812 INDEX TO THE DISSERTATIONS AND NOTES. RECITALS, in a purchase deed, 194, Vendor and Purchaser Act, 1874, makes recitals in documents twenty- years old evidence, 2, 33, 792 RECONVEYANCES, observations on, 508, 509 stamps on, 511 REGISTER COUNTY, registry of documents in, 147, 148 to what property Registry Acts do not extend, 149 purchasers with notice, of property in, bound by unregistered deed, 149 what searches should be made, where land is in, 148, 150 effect of judgments where land is in, 163 REGISTRATION, provisions for the, of judgments, 153 et seq. provisions for the re-registration of judgments, 154 et seq. priority of judgment creditors depends on order of, 159 how far, necessary to preserve priority of judgments in administration of debtor's assets, 164, 165 provisions for, of crown debts, 166 provisions for re-registration of crown debts, 167 provisions for, of lis pendens, 170 annuities, 170 provisions of Act of 1878 for, of bills of sale, 740 et seq. bills of sale must be re-registered every five years, 741 when mortgage of fixtures or growing crops requires registration and when not, 734, 735, 736 mode of registering bills of sale, 740 formalities to be observed under the BUls of SaleRegistration Act, 742, 743 RESCINDING CONTRACT, conditions of sale as to, 12 REVERSIONARY INTERESTS, sale of, in real or personal estate, not now set aside on ground of under- value, 331 SALE AND EXCHANGE, powers of, how affected by disposition of estate of tenant for life, 307 SATISFIED TERMS, Act for dispensing with assignment of, 202 purchaser must see that term is satisfied, 202 SCHOOL BOARDS, powers of, to purchase, &c., 443 SEARCHES, for judgments, 161 what, should be made when land is in register county, 162 for Crown debts, 168 Digitized by Microsoft® INDEX TO THE DISSERTATIOKS AND NOTES. 813 HEARCRES— continued. for lis pendens and annuities, 171 in palatine county, 171 in Bankruptcy Court, 171 solicitor should not omit, 171 for rent charges under Improvement of Land Act, 1864, 172 SETTLED ESTATES ACT, 1877 provisioils of, as to sales, &c., 378 SETTLEMENT, voluntary, not affected by subsequent judgment, 153 of personal chattels, 746, 747 SOLICITOR, should not omit to make usual searches, 171 purchases by, from his client, 189 testamentary gifts to, 190 the law as to gifts inter vivos to, 190 notice to, notice to client in certain cases, 494 STAMP, on agreements, 84 on purchase deeds, 207 on duplicates, 21 on separate deed of covenant, 210 what is a sale of property within meaning of Stamp Act, 212 on vesting orders,. 214 commissioners are empowered to determine duty, 212 on mortgages, 510 on transfers of mortgages, 511 on reconveyances of mortgages, 511 STATUTES, 27 Hen. 8, c. 16 (Bargains and Sales — Enrolment), 173 13 Eliz. c. 4 (Accountants — Crown), 167 13 Eliz. c. 5 (Fraudulent Conveyances), 730, 744 31 Eliz. c. 6 (Simony), 103 29 Car. 2, c. 3 (Statute of Frauds), 713, et seq. 4 & 5 W. & M. c. 16 (Fraudulent Mortgage), 470 2 & 3 Anne, c. 4 (West Riding Registry), 147 5 Anne, c. 18 (West Riding Registry), 162 6 Anne, c. 35 (East Riding and HuU Registry), 147, 162 7 Anne, c. 20 (Middlesex Eegistry), 147 12 Anne, st. 2, c. 12 (Next Presentations), 422 8 Geo. 2, c. 6 (North Riding Registry), 147, 162 9 Geo. 2, c. 36 (Charities), 194 38 Geo. 3, c. 60 (Land Tax Redemption), 142 42 Geo. 3, c. 116 (Land Tax Redemption), 142 9 Geo. 4, c. 94 (Benefices — Resignation), 423 1 Wm. 4, c. 65 (Copyholds), 177 1 & 2 Wm. 4, c. 56 (Bankrupts), 142 Digitized by Microsoft® 814 INDEX TO THE DISSERTATIONS AND IjTOTES. STATUTES— cowtiMted. 3 & 4 Wm. 4, c. 27 (Limitations of Actions), 145,224,' 478, 479,480,481 3 & 4 Wm. 4, c. 42 (Limitations of Actions — Acknowledgments), 479 3 & 4 Wm. 4, c. 74 (fines and Recoveries), 182, 183, 257, 262, 6p8 3 & 4 Wm. 4, c. 105 (Dower), 223 6 & 7 Wm. 4, c. 32 (Building Societies), 604 6 & 7 Wm. 4, c. 71 (Tithe Commiitation), 426 6 & 7 Wm. 4, c. 86 (Register— Births), 140 1 Vict. c. 22 (Register), 140 1 Vict. c. 26 CWiUs) 245 1 Vict. c. 28 (Limitations — Mortgages), 478 1 & 2 Vict. c. 64 (Tithes— Merger), 151, 426 1 & 2 Vict. c. 110 (Abolition of Arrest— Judgment), 142, 154 2 & 3 Vict. c. 11 (Judgments — Crown Debts — Us pendens — Re-registra- tion), 154, 155, 165, 166, 170 - 2 & 3 Vict. c. 62 (Tithes— Glebe— Merger), 426 3 & 4 Vict. c. 82 (Judgments — Registration — Notice), 155 3 & 4 Vict. c. 92 (Non-Parochial Registers), 140 3 & 4 Vict. c. 105 (Judgments— Ireland), 166 4 & 5 Vict. c. 21 (Lease and Release), 141, 173 4 & 5 Vict. c. 35 (Voluntary Enfranchisement — Copyholds), 174, 180, 181 4 & 5 Vict. c. 38 (Sites for Schools), 194 5 & 6 Vict. c. 116 (Insolvency), 142 , 7 & 8 Vict. c. 37 (Sites for Schools), 194 7 & 8 Vict. c. 90 (Judgments— Ireland), 166 7 & 8 Vict. c. 96 (Insolvency), 142 8 & 9 Vict. c. 16 (Companies Clauses Consolidation Act), 656 8 & 9 Vict. c. 18 (Lands Clauses Consolidation Act), 109, 343 8 & 9 Vict. c. 20 (Railway Clauses Consolidation Act), 107, 110, 345 8 & 9 Vict. c. 106 (Real Property), 8, 173, 401, 412 8 & 9 Vict. c. 112 (Satisfied Terms), 202 8 & 9 Vict. c. 118 (Commons Inolosure), 8, 403 9 & 10 Vict. c. 73 (Merger of Tithes— Equitable Owners), 426 9 & 10 Vict. c. 70 (Inclosure), 403 10 & 11 Vict. c. Ill (Inclosure), 403, 404 11 & 12 Vict. c. 99 (Inclosure), 405 12 & 13 Vict. c. 49 (Sites for Schools), 194 12 & 13 Vict. c. 83 (Inclosure), 403 12 & 13 Vict. c. 95 (Judgments— Ireland), 166 12 & 13 Vict, c. 106 (Bankrupt Law Consolidation), 142, 742, 745, 747, 749, 753, 13 & 14 Vict. c. 28 (Religious and Educational), 194 13 & 14 Vict. c. 29 (Judgments— Ireland), 166 13 & 14 Vict. c. 60 (Trustee Act, 1850), 214, 5iq 14 & 15 Vict. c. 24 (Sites for Schools), 194 15 & 16 Vict. c. 49 (Sites for Schools), 194 15 & 16 Vict. c. 51 (Compulsory Enfranchisement— Copyhold), IgO, 181 15 & 16 Vict. c. 55 (Trustee Act Extension), 214 Digitized by Microsoft® INDEX TO THE DISSEKTATIONS AND NOTES. 8J5 STATTJTES-continued. 15 & 16 "Vict. c. 79 (Inclosures), 403 15 & 16 Vict. c. 86 (Chancery Amendment Act), 472 15 & 16 Vict. c. 87 (Lords Justices), 510 16 & 17 Vict. c. 51 (Succession Duties), 71, 146 16 & 17 Vict. c. 70 (Copyholds), 177 16 & 17 Vict. c. 70 (Lunatics), 308 16 & 17 Vict. c. 117 (Land Tax— Merger), 142 16 & 17 Vict. c. 134 (Burials), 140 16 & 17 Vict. c. 137 (Charitable Trusts), 385 17 & 18 Vict. c. 36 (Bills of Sale— Registration), 731, et seq. 17 & 18 Vict. c. 97 (Inclosures), 403 17 & 18 Vict. c. 112 (Literary and Scientific Institutions), 194 17 & 18 Vict. c. 113 (Mortgage Debt primarily chargeable on Land), 264, 482 18 & 19 Vict. c. 15 (Judgments — Annuities — Registration — Pur- chasers), 155 19 & 20 Vict. c. 97 (Mercantile Law Amendment), 575 20 & 21 Vict. c. 31 (Inclosures), 403 20 & 21 Vict. c. 57 (Reversionary Interests, &c. in Personalty — Married Women), 183, 431, 432, 668 20 & 21 Vict. c. 77 (Probate Act), 140 21 & 22 Vict. c. 57 (Ecclesiastical Corporations), 397 21 & 22 Vict. c. 94 (Copyhold Enfranchisements), 180, 181 22 Vict. c. 27 (Recreation Grounds), 194 22 & 23 Vict. c. 35 (Relief of Trustees), 47, 141, 167, 241, 323 22 & 23 Vict. c. 43 (Inclosures), 403 24 Vict. c. 9 (Charities), 194 23 & 24 Vict. c. 38 (Relief of Trustees), 163, 164, 165, 638 23 & 24 Vict. c. 136 (Charities), 385 23 & 24 Vict. c. 145 (Lord Cranworth's Act), 504, 638 24 & 25 Vict. c. 105 (Ecclesiastical Benefices), 398 24 & 25 Vict. c. 134 (Bankruptcy), 142 25 & 26 Vict. c. 89 (Joint Stock Companies), 193 27 Vict. c. 13 (Charities), 194 27 & 28 Vict. c. 112 (Judgments), 157, 161, 163 27 & 28 Vict. c. 114 (Improvement of Land Act, 1864), 172 28 & 29 Vict. c. 104 (Crown Debts), 168 29 & 30 Vict. c. 57 (Charities), 194 29 & 30 Vict. 0. 96 (Re-registration of Bills of Sale), 731 30 & 31 Vict. c. 48 (Auction), 28 30 & 31 Vict. c. 69 (Mortgage primarj- charge), 83, 264, 484 30 & 31 Vict. c. 144 (Life Policie3),-420, 503 31 Vict. c. 4 (Sales of Reversions), 331 31 Vict. c. 40 (Partition Act, 1868), 384 31 Vict. c. 86 (Marine Assurances), 420 31 & 32 Vict. c. 44 (Sites for Buildings for Educational and other Purposes), 194 32 & 33 Vict. 0. 71 (Bankruptcy), 83, 314, 322 Digitized by Microsoft® 8l6 INDEX TO THE DISSERTATIONS AND NOTES. STATUT-ES— continued. 32 & 33 Vict. c. 83 (Bankruptcy Acts Repeal), 314 33 Vict. c. 14 (Aliens— Naturalization), 190 33 & 34 Vict. c. 23 (Traitors and Felons), 191, 192, 193 33 & 34 Vict. c. 56 (Mansions), 172 33 & 34 Vict. c. 75, ss. 19, 20 (Elementary Education Act, 1870), 443 33 & 34 Vict. c. 93 (Married Women's Property Act, 1870), 187 33 & 34 Vict. c. 97 (Stamps), 84, 207, 210, 211, 510 35 & 36 Vict. c. 44 (Abolition of Office of Accountant-General), 347 36 & 37 Vict. c. 66 (Judicature Act, 1873), 308, 311,414, 471, 475, 497, 507, 688 37 & 38 Vict. c. 42 (Building Societies Act, 1874), 515, 604, 715 37 & 38 Vict. c. 57 (Eeal Property Limitation Act, 1874), 478, 480, 481 37 & 38 Vict. 0. 78 (Vendor and Purchaser Act, 1874), 1, 2, 5, 7, 9, 31, 33, 101, 137, 145, 274, 509 38 & 39 Vict. c. 87 (Land Transfer Act, 1875), 31, 467, 510 39 & 40 Vict. c. 71 (Partition Amendment Act), 384 40 & 41 Vict. c. 18 (Settled Estates), 378 40 & 41 Vict. c. 33 (Contingent Remainders), 401 40 & 41 Vict. c. 42 (Bmlding Societies Amendment), 604 41 Vict. 0. 31 (BiUs of Sale Act, 1878) 731, e« seq. STATUTE OP FRAUDS, what property -within the 4th section of the, so as to oblige agreement to be in writing, 73, 74 sales by auction are within, 76 part performance takes case out of, 78 STOCK, stamps on conveyance where consideration is, 207 SUCCESSION DUTY, on sale by tenant for life and remainderman, 71, 99 purchaser of reversion must pay, 98 when purchaser should call for receipt and certificate of, 146 by whom to be borne on sale by tenant for life and remainderman, 99, 329 SURETIES, may redeem mortgage, 469 observations on law of, 575 TACKING, one mortgage to another, 468 as between mortgagor and mortgagee, 468 other debts, 468 third mortgagee making advance without notice of second mortgage on paying off first mortgage, may tack, 488 Digitized by Microsoft® INDEX TO THE DISSERTATIONS AND NOTES. 817 TENANT IN TAIL, effect of judgments against, 1j2 TIMBER, IJi-oper conditions as to, 29 power of tenant for life without impeachment of waste, iu to, 3!J8 power of tenant in tail as to, 309 position of ordinary tenant for life as to right to, and other wood, 310 rule as to, on glebe, 311 TITHES, commencement of title as to, 7 merger of rent-charge in lieu of, 426 TITLE, vendor may stipulate for sale of estate with such, as he has, 4 construction of conditions as to deduction of, 4 when objection to, can be taken on account of estate being subject to incumbrances, 11 commencement of, as to tithes, 7 what, may be required on sale of enfranchised copyholds, 7 allotments under award, 7 lands taken in exchange, 8 at what time a, must be made by vendor, 80 doubtful, not forced on purchaser, 81 when taking possession is acceptance of, 82 proper commencement of, 137 form and operation of covenants for, 195, 196 usual covenants for, 197 TRAITOKS AND FELONS, the law with regard to the property belonging to, 191, et seq. TRANSFERS OP MORTGAGES, observations on, 507 stamps on, 511 mortgagor should be made party to, 687 costs of, 687 as to assignment of mortgage debt on, 687 modes of preparing, 692 TRUSTEES, proper conditions on sale by, 30 admission on appointment of new, of copyholds, 177 for sale cannot purchase, 189 where cestui que tntst dies without heirs, trustees hold the land dis- charged from trust, 192 what covenants are entered into on sale b}', 195 on mortgage of personalty notice should be given to all existing, 499, 502 effect of notice to assignor, being himself a tnistee, 502 VOL. I. 3 14 Digitized by Microsoft® 818 INDEX TO THE DISSERTATIONS AND NOTES, TRUSTEES— con«mM«(i. purchaser taking legal estate from express, with notice, not protected, 489 legal fee in bare trustee vests on his death intestate in legal personal representative, 793 VENDOR, Ijound to disclose latent defects, 21 contract should contain name of, 37 at what time a title must be made by, 80 VENDOR AND PURCHASER ACT, 1874, forty years' title substituted for sixty years, 1, 137 new rule as to lessor's title, 5, applies to freehold title only, 7 covenants for production to be at exijense of purchaser, 9 vendor or purchaser can obtain opinion of Judge in Chambers, 31, 793 recitals in deeds 20 years old made evidence, 2, 33 second section of, does not apply to advowsons, 101 non-registration of will in Middlesex or Yorkshire cured in certain cases, 148, vendor entitled to retain deeds relating to other property, 204, cases in which personal representative of mortgagee can convey legal estate, 274, 509, 510, 792 legal fee in bare trustee vests on his death intestate in legal personal representative, 793 married woman can convey legal estate, vested in her as bare trustee, as a feme sole, 792 VOLUNTARY SETTLEMENTS, effect of, made by a bankrupt being a trader, 755, 756 WASTE, powers of tenant fur life without impeachment of, 308 position of tenant for life not made dispunishable of, as to timber, 310 permissive, 310 legal and equitable remedies for, 311 what trees, &c., a nurseryman may remove, 312 WAY, rights of, eitl:er gross or appurtenant, 405 in g!Oss, cannot be assigned, 405 grantee of right of, not obliged to repair rGa,d, 406 Digitized by Microsoft® INDEX TO THE PEECEDENTS. ♦ ABSTRACT, conditions of sale as to delivery of, 33, 38, 42, 46, 48, 51 ADMISSION, of mortgagee to copyholds, and surrender to transferee, pursuant to covenant, and, of transferee, 700 ADVOWSON, conditions of sale as to, 59 agreement for sale of, 101 of, and annual sum equal to interest on purchase- money until vacancy, 103 of, where, purchase-money is to be invested until vacancy, and income received by purchaser, 104 grant of, 422 of, and annuity until vacancy, 425 AFMDAVIT, to be filed pursuant to Act for registering bills of sale, 781 AGREEMENT, for sale of freeholds, 86 copyholds, 89 leaseholds, 89 leaseholds held by underlease, and tenant's fixtures, 91 leasehold house and shop, and stock and goodwill of business, 92 freeholds, copyholds, and leaseholds by trustees, 95 life estate in freeholds, 96 reversionary estate in freeholds, 97 by tenant for life and remainderman, 99 freeholds which are subject to perpetual rent-charge, 100 advowson, 101 next presentation, 102 advowson or next presentation, and annual sum equal to interest on purchase-money until vacancy, 103 advowson or next presentation where purchase-money is to be invested until vacancy, and income received by purchaser, 104 3 li ^ Digitized by Microsoft® 820 INDEX TO THE PRECEDENTS. AGREEMENT, continued. for sale where part of purchase-money is to remain on mortgage of property, 105 for sale to railway company, purchase-money to include compensation for severance, 107 to railway company, power to company to take possession before completion on depositing purchase-money, 110 for building grant in consideration of perpetual rent- charge, 111 for loan of a sum on mortgage, 114 with provisions for continuing loan fur a certain time, 116 for lease of mills with provisions enabling lessee to purchase, 117 for building lease for ninety-nine years, 119 for lease for ninety-nine years of land on which several houses are agreed to be built by the lessee, 122 for lease of dwelling-house for three years, 123 to let furnished apartments, 125 to submit to arbitration, 126 by two tenants in common for jDartition, 127 building, 129 to procure letters patent and to sell moiety of invention, 135 recital of, for sale of freeholds, 218, 225 for sale of freeholds, subject to lease, 228 for sale of copyholds, 230 for sale of leaseholds, 234, 237, 239, 245, 248 between vendor and purchaser as to apportionment of rent, 241 for sale of freeholds and copyholds, 251 for sale of freeholds and leaseholds, 252 for sale of freeholds, copyholds, and leaseholds, 255 for sale by hu.sband and wife of wife's freeholds, 258 assignment of benefit of, for sale of freeholds, 441 for mortgage of freeholds and leaseholds accompanied bj- deposit of lease, 678 memorandum of deposit of deeds, to secure given sum, and, to execute mortgage, 681 ANNUITY, conveyance of freeholds in consideration of sum, and of annuity charged on the land, 386 conveyance in consideration of, with power to purchaser to purchase government annuity in substitution, 388 conveyance in consideration of annuity payable to vendor and wife successively for life secured by purchaser's bond, 392 covenant by purchaser to pay, 387, 391 grant of advowson and, until vacancy, 423 mortgage of reversionary interest in stock belonging to mortgagor, and of annuity belonging to wife, to secure present and future advances, 664 Digitized by Microsoft® INDEX TO THE PRECEDENTS. 821 APPOINTMENT, and conveyance of freeholds to uses to bar dower, 223 by married woman to purchaser in fee, 259 of land for building by tenant for life under power in consideration of rent-charge, 357 mortgage of freeholds by, and grant, 558 mortgage of land in exercise of general power of, 560 APPORTIONMENT, conditions of sale as to, of rents, 66, 67 ARBITRATION, agreement to submit to, 126 ASSIGNEE OR TRUSTEE OF BANKRUPT, conveyance of freeholds by, 314 by, with concurrence of mortgagee, 316 appointment of copyholds by, 318 assignment of leaseholds by, 319 covenant for production of deeds by, 450 ASSIGNMENT, of a leasehold messuage, 234 of property comprised in several leases, 236 of leaseholds by executors, 239 of a portion of leaseholds held under one lease at entire rent, the rent apportioned between vendor and purchaser, and cross powers of distress and entiy, 241 of leaseholds by mortgagor and mortgagee by sub-demise, 270 of leaseholds for lives, 245 of leaseholds for residue of term determinable on lives, and of benefit of by covenant for renewal, 247 of leaseholds by trustee of bankrupt, 319 by owners of two third parts of moneys to arise from sale of free- holds, 291 of growing crops of corn and grass, 413 of bond debt, 414 of judgment debt, 415 of letters patent, 416 of goodwill and property of a business, 418 of policy of life assurance, 420 of share in residuary personalty under a will, 428 of life interest in stock, 429 by married woman of her reversionary interest in personalty under will, 431 of leasehold premises and fixtures for separate use cf married woman, 435 of benefit of agreement for sale of freeholds, 4] of mortgage debt and securities, 688 Digitized by Microsoft® 632 INDEX TO THE PRECEDENTS. BANKERS, mortgage by member of partnership firm to firm of, 601 BANKING COMPANY, mortgage to trustees of joint stock, to secure balance of account curi'ent, 597 mortgage to incorporated banking company to secure balance, 600 memorandum of deposit of deeds with a joint stock, to secure balance of account current, 683 BANKRUPT, conveyance of freeholds by trustee of, 314 ■with concurrence of mortgagee, 316 covenants for title by, 317 appointment of copyholds by trustee of, 318 assignment of leaseholds by trustee of, 319 conveyance by trustee of, of estate tail in possession, 320 estate tail in remainder, 321 BILL OF SALE, of household furniture and other eflects, by way of mortgage, 760 of household furniture and other efi^ects, and of furniture and effects to be subsequently added or substituted by way of mortgage, tlie principal being made payable by monthly instalments, 764 of chattels, by way of mortgage (very short form), 765 of machinery and plant belonging to colliery, including after-acquired plant, to secure present and future advances, 767 of freehold workshop or factory and the trade machinery and plant about the same, 770 of leasehold premises with machinery and plant, 773 by innkeeper of goodwill of business and stock-in-t;^de and effects as collateral security, 776 of chattels by a trader to a banking company, to secure balance of account, 780 of present and future growing crops, and farming stock, without any interest in the land, 775 afiidavit to be filed pursuant to Act for registering, 781 BOND, assignment of, debt, 414 BUILDING, agreement for, grant in consideration of perpetual rent-charge. 111 grant of land for, in consideration of perpetual rent-charge, 350 covenants by grantee in, grant, 351, 352 appointment of land for, by tenant for life under power in considera- tion of rent-charge, 357 BUILDING LEASE, agreement for, for ninety-nine years, 119 Digitized by Microsoft® INDEX TO THE PEECEDENTS. 823 BUILDING hEASK—cmUimted. mortgage by assignment of premises comprised in, to secure sums advmiced and to be advanced to lessee to complete unfinished houses, 622 mortgage by builder of land comprised in agreement entitling him to separate leases to secure advances for completing houses, 626 power to mortgagor to grant leases for twenty-one years and, 639, 642 BUILDING SOCIETY, mortgage of freeholds to, 604 leaseholds to, 607 receipt for moneys to be indorsed on mortgage to, 715 CHARGE OF DEBTS, conveyance by devisees in trust in exercise of power vested in them under, 323 by executors in exercise of power under, 324 CHARITY, conveyance on sale of, lands, 385 COLLATERAL SECURITY, conveyance of freeholds by way of, 652 by indorsement on principal mort- gage, 653 assignment of policy of assurance by way of, 654 CONDITIONS OF SALE, as to freeholds or copyholds in one lot, 32 a leasehold house and tenant's fixtures in one lot, 37 as to freeholds when vendor lias registered title vmder the Land Transfer Act, 1875, 39 as to leaseholds when vendor has registered title under Land Transfer Act, 1875, 41 of property iu lots, 41 of freeholds, copyholds, and leaseholds in lots, 46 as to reversionary interests in personalty, policies, annuities, &c., 48 an estate sold under order of Chancery division of High Court of Justice, 51 standing timber, 53 commencement and evidence of title, 56 title deeds, attested copies, &c., 61 description of property and identity, 64 tithes, land tax, apportionment of rents, &c., 65 indemnity against charges, 68 nuscellaneous, 70 as to commencement of title to freeholds, 33 leaseholds, 38 as to payment of purchase-money, 34, 4?, 46, 49, 52 interest on purchase-money, 32, 42, 48, 52 delivery of abstract 33, 3^, 42, 46, 48 Digitized by Microsoft® 824 INDEX TO THE PRECEDENTS. CONDITIONS OF SALE— contimwd. for making recitals iii deeds twenty years old conclusive, 33 as to expense of production of documents and evidence, 33, 43, 49 time for delivering objections, 34, 43, 47, 48, 51 rescinding the contract, 34, 43 preparation and expense of conveyance, 34, 44, 47, 49 error or misdescription and compensation, 34, 35, 44, 50, 52 for thro\?ing expense of abstract on purchaser whose purchase-money does not amount to certain sum, 46 as to timber, 32, 42, 51 enabling a re-sale in case of purchaser's default, 35, 45, 50, 53 as to commencement of title as to exchanges and allotments, 57 enfranchised copyholds, 57 title to mortgaged term, 58 title to ground rents, 59 advowson, 59 evidence of pedigree, 60 payment of charges, 60 payment of legacies, 60 satisfaction of mortgage, 60 presumption of reconveyance of legal estate, 61 that lots are sold subject to tenancies, &e., 71 as to one of vendors being infant, 71 succession duty, 71 insufficient stamp, 71 memorandum to be annexed to particulars and, on sale in one lot, 37 on sale in lots, 45 CONVEYANCE, conditions of sale as to preparation of, 34, 44, 47, 49 of freeholds to purchaser in fee, 218 of freeholds with covenant for production {short form), 222 of freeholds to purchaser in fee with covenants for title and for produc- tion of deeds (in paragraphs), 221 appointment and, of freeholds to uses to bar dower, 223 of freeholds to purchaser in fee, 227 of freeholds subject to lease for ninety-nine years, 228 of reversion expectant on lease to lessee, 229 of a leasehold estate for lives, 245 pf freeholds and covenant for surrender of copyholds, 251 of freeholds and assignment of leaseholds, 252 of freeholds, covenant to surrender copyholds, and assignment of lease- holds, 255 of wife's freeholds by husband and wife, 257 by married woman under power, 259 of freeholds by vendor to trustee for separate use of purchasei-'s wife 260 ' by mortgagor and mortgagee, where part of purchase-money is paid to mortgagee, 262 Digitized by Microsoft® IKDEX TO THE PRECEDENTS. 825 CONVEYANCE— cowWnMec?. by devisee of mortgagor and a mortgagee in fee, 264 by mortgi^or, and by mortgagees for term, who are satisfied with suffi- ciency of remaining security, 266 of freeholds and covenant to surrender copyholds by mortgagor and mortgagee, 268 by mortgagee under power of sale, 272 by executor and heir of deceased transferee of mortgage under power, 274 of freeholds subject to mortgage debt, 275 of equity of redemption to mortgagee as purchaser, 277 by vendor and his mortgagee to a trustee for purchaser, the mortgage kept on foot as protection, 278 by two tenants in common, 280 by three tenants in common, two being married women, 281 by several tenants in common, the share of one having been assured on trust for sale, 283 by two tenants in common where one is an infant, 286 of undivided moiety in freeholds by one tenant in common to his com- panion, 288 by joint tenants, 289 by surviving coparcener and her mortgagee and devisees in common of deceased coparcener, 293 of freeholds to tenants in common, 295 of freeholds under power of attorney, 296 of freeholds to two partners, 298 of freeholds and bargain and sale of copyholds, by trustees for sale under will, 299 of freeholds by trustees under testamentary trust for sale, 301, 303 of life estate in freeholds, 328 by trustees for sale where one of the trustees is purchaser, 305 by trustees under power in settlement, 307 of freeholds of debtor by trustee under liquidation provisions in Eank- ruptcy Act, 1869, 322 of freeholds by liquidators of Joint Stock Company, 325 by administrator of convict, 327 of life estate in freeholds, 328 by tenant for life and remainderman, 329 of remainder in fee, 331 by heir and personal representative of deceased vendor, 333 to trustees iinder a power in settlement to lay out trust-money in pur- chase of land, 334 to purchasers as joint tenants, 335 to uses of real property settlement where purchase made with moneys arising from sale of settled property under a power of sale, 336 and declaration of trust of freeholds, copyholds, and leaseholds, pur- chased with moneys arising from sale of settled property, 338 by owner in fee reserving to himself life interest and covenants by him to repair, insure, &c., 341 Digitized by Microsoft® 826 IXDEX TO THE PRECEDENIS. CONVEYANCE— conwith references to the law of Scotland, France and America. — ^Eleventh Edition. By JOHN A. RUSSELL, Esq., LL.B., one of Her Majesty's Counsel, and Judge of County Courts. Demy 8vo. 1878. li!. 8s. Eddis' Rule of Ex parte "Waring. By A. C. EDDIS, B.A.,of Linooln'sInn,BarriBter-at-Law. PostSvo. 1876. iVef, 2s. 6ti. BILLS OF SALE— Millar's Bills of Sale.— A Treatise on BiUs of Sale, with an Appendix containing the Acts for the Registration of BiUs of Sale, Precedents, &c. (being the Poiurth Edition of Millar and Collier's Treatise on Bills of Sale). By F. C. J. MILLAR, of the Inner Temple, Esq., Barrister-at-Law. ]2mo. 1877. 123. " The original work is brought down to date, and the latest cases are referred to and considered. The value o'f the work is enhanced throughout by care^l annotation." — £a«j Magazine, February, 1878. BOOK-KEEPING.— Bedford's Intermediate Examina- tion Guide to Boole- keeping.— Second Edition. 12mo. 1875. Mt, 2s. 6d. CANAL TRAFFIC ACT.— Lely's Railw^ay and Canal Traf- fic Act, 187S. — ^And other Railway and Canal Statutes ; with theGeueralOrders, Forms, and Table of Fees. PostSvo. 1873. 8s. CARRIERS — Browne on Carriers.— A Treatise on the Law of Carriers of Goods and Passengers by Land and Water. With References to the ;mo3t recent American Decisions. By J, H BALFOUR BROWNE, of the Middle Temple, Esq., Barrister-at- Law, Registrar to the Railway Commission. 8vo. 1873. 18s. CHANCERY and Vide " EQUITY." Daniell's Chancery Practice. — Sixth Edition, by LEONARD FIELD and EDWARD CLENNELL DUNN, Barristers-at-Law; assisted by W. H. UPJOHN, Student and Holt Scholar of Gray's Inn, &c., &c.. Editor of " Daniell's Forms, Third Edition." 2 vols. 8vo. {In preparaMon.) *,* All standmd Imi) Works melceptm 8tock,mlcm ol Her Majesty's Counsel. 3 vols. Royal 8vo. 1877. 61. 15s. 6d. This treatise is so much more copious than any other upon all the subjects contained tn it, that It affords by far the best means of acquiring a knowledga of the Criminal Law in general, or of any offence in particular ; so uiat it will be found peculiarly useful as wen to those who wish to obtain a complete knowledge of that law, as to those who desire to be informed on any portion of It as occasion may require. This work also contains a very complete treatise on the iiaw of Evidence in Criminal Cases, and in it the manner of taking the depositions of witnesses, and the examinations of prisoners before magistrates, is fully explained. "What better Digest of Criminal Law could we possibly hope for than 'Kussell on Crimea 1 ' "—Sir Jama Fit^ames StefHien't Speech on Codiiication. " We may Safely assert that the fifth edition of ' Kussell on Crimea' has, under the cureful hand of Mr. Prentice, fully reached the standard attained to by the preceding ediiions." — ^ifflw ./bwrao?. January 27, 1877. " No more trustworthy authority, or more exhaustive expositor than 'Hnssell' can be consulted."— ia«J Magazine and Reviffw, Febniary, 1877. " Alterations have been made in the arrangement of the work which without interfering with the genera! plan are suflicient to show that great care and thought have been bestowed We are amazed at tlie patience, industry and skill which are exhibited in the collection and arrangemen* of all this msiss of learning."— I'Ae Times. *^* All standard Lam Works are Tcept in Stock, in law calf and other bindings. Digitized by Microsoft® 119, CHANC ERY LANE, LONDON, W.C. 11 DECREES — Seton.— FMfe" Equity." DIARY^Lawyer's Companion (The), Diary, and Law Directory.— For the use of the Legal Profession, Public Com- panies, Justices, Merchants, Estate Agents, Auctioneers, &c., &c. PuBLiSHEP AiTNTJAiLT. Thirty-third Issue for 1879. The work -contains the most complete List published of Town and Country Solicitors, with date of admission and appointments, and is issued in the following forms, ootaTo size, strongly bound in cloth : — s. d. 1. Two days on a page, plain 5 2. The above, interleaved for Attendances . . .70 3. Two days on a page, ruled, with or without money columns 6 6 4. The above, interleaved for Attbsdanoes . . . .80 5. Whole page for each day, plain 7 6 6. The above, intbbliated for Attendances . . .96 7. Whole page for each day, ruled, with or without money columns g g 8. The above, interleaved for Attendances . . . 10 6 9. Three days on a page, ruled blue lines, without money columns . . 5 TJie XHa/ry, printed on JOYNSOIVS paper of aupmor quaHty, contains memoranda of Legal Busincst throvglumt the Yem: The La-wyer's Companion for- 1879, edited by JOHN THOMPSON, of the Inner Temple, Esq., Barrister-at-Law; and contains a Digest of Kecent Cases on Costs ; Monthly Diary of County, Looa>;Grovemment, and Parish Business ; Oaths in Supreme Court ; Summary of Legislation of 1878 ; Alphabetical Index to the Practical Statutes; a Copious Table of Stamp Duties; Legal Time, Interest, Discount, Income, Wages and other Tables; Probate, Legacy and Succession 'Duties; and a variety of matters of practical utility. "An oteellent work "— J7k Times, November, 29, 1878. " A publication which has long ago secured to itself the favour of the profeSBion, and which, as heretofore, justifies by its contents the title assumed by it."— iow Journal. " Contains all the information which conld be looked for in such a work, and gives it in a most convenient form and ver}- completely. We may unhesitatingly recommend the work to our readers/' — Solicitors' Jou^-nal. "The 'Lawyer's Companion and Diary' is a book that ought to be In the possession of evQiy lawyer, and of every man of business." "'rhe' Lawyer's Companion' Is, indeed, what It is called, for it combines everything required for reference in the lawyer's office." — Law Times. " It is a book without which no lawyer's library or office can bo complete." — Irifh Law limes, November 9th, 1878. DICTIONARY.— Wharton's La-w Lexicon.— A Dictionary of Jurisprudence, explaining the Teehnical Words and Phrases employed in the several Departments of English Law ; including the various Legal Terms used in Commercial Transactions. Together with an Explanatory as well as Literal Translation of the Latin Maxims contained in the Writings of the Ancient and Modem CpmrnentatofB. Sixth Edition. Enlarged and revised in accordance with the Judicature Acts, by J. SHIKESS WILL, of the Middle Temple, ICeq. , Barrister-at-Law. Super royal 8vo. 1876. 21. 2s. " As a work of reference for the library, the handsome and elaborate edition of ' Wharton's Law Lexicon' which Mi'.Shiress Will has produced, must supersede all former issues of that well-known work." — Law Magaxine and Review, August, 1876. " Ko law library is complete without a law dictionary or law lexicon. To the practi- tioner it is always useful to have at hand a book where, in a small compass, he can find an explanation of terms of Infrequent occurrence, or obtain a reference to statutes on most subjects, or to books wherein particular subjects are treated of at full length. To the student it is almost Indispensable." — Law Times. *t* AU standard Law Works are kept in Stock, in law calf and other lindinr/i, B 2 Digitized by Microsoft® 12 STEVENS AND SONS' LAW PI/ULICAflONS. DIGESTS.— Bedford..— 7idc " Examination Guides." Chamber's— Vide " Public Health." Cliitty'S Eq^uity Index. — Chitty's Index to all the Reported Cases, and Statutes, in or relating to the Principles, Pleading, and Practice of Equity and Bankruptcy, in the several Courts ot Equity in England and Ireland, the Privy Council, and the House of Lords, from the earliest period. Third Edition. By J. MACAULAY, Esq., Barrister-at-L»w. 4 vols. Koyal 8vo. 1863. 11. 7s. Fisher's Digest of the Reported Cases deter- mined in the House of Lords and Privy Council, and in the Courts of Common Law, Divorce, Probate, Admiralty and Bank- ruptcy, from Michaelmas Term, 1756, to HUary Term, 1870 ; with References to the Statutes and Rules of Court. Founded on the Analytical Digest by Harrison, and adapted to the present practice of the Law. By R. A. FISHER, Esq., Judge of the County Courts of Bristol and of Wells. Five large volumes, royal 8vo. 1870. 12i. 12s. [Continued AnnuaUy.) " Mr. Fislior's Digest is a, woodertul work. It is a miracle of human industpy." — Mr. Justice Willes. " I think it wowld be very difficult to improve upon Mr. Fisher s 'Common Law Digest.' " — Sir James PUzjwines Stephen, on CocUfication. Leake. — Vide "Real Property" and "Contracts." Notanda Digest in Law, Equity, Bankruptcy, Admiralty, Divorce, and Probate Cases. — By H. TUDOR BODDAM, of the Inner Temple, and HARRY GREENWOOD, of Lincoln's Inn, Esqrs., Barristers-at-Law. The Notanda Digest, from the commencement, October, 1862, to December, 1876. In 1 volume, half -bound. Net, 31. 3s. Ditto, in 2 volumes, half-bound. Net, Zl. 10s. Ditto, Third Series, 1873 to 1876 inclusive, half-bound. Net, 11. lis. M. Ditto, Fourth Series, for 1877 and 1878, with Indexes, in 1 volume. HacJi, net, 11, Is. Ditto, ditto, for 1879, Plain Copy and Two Indexes, or Adhesive Copy for insertion in "Text-Books. Annual Subscription, payable in advance. Net, 21s. *»* The numbers are issued regularly every alternate month. Each number will contain a concise analysis of every case reported in the Lww Seports, Lmu JoumaX, Weekly Reporter, Lam Times, and the Irish Lww Re/ports, up to and including the cases contained in the parts for the current month, with references to Text-books, Statutes, and the Law Reports Consolidated Digest. An alfhabetioal INDEX of the subjects contained in baoh NnMBEE will form a new feature in this series. Pollock. — Vide "Partnership." Roscoe'S. — P^idc " Criminal Law " and "NisiPrius." DISCOVERY.— Hare's Treatise on the Discovery of Evidence.— Second Edition. Adapted to the Procedure in the High Court of Justice, with Addenda, containing all the Reported Cases to the end of 1876. By SHERLOCK HARE, Barrister-at- Law. Post 8vo. 1877. 12s. " The book is a useful contributiou to pur text-books on practice." — SolicUor^ JomtuU. " We have read his work with considerable attention and interest, and we can speak in terms of cordial praise of tlie manner in which the uew procedure has been worked into the old material. ... All the sections and orders of the new legislation are referred to in the text, a synopsis of recent cases is given, and a good index completes the volume." — Law Q^jnes. Seton.— F»d6 "Equity." *,■* AU Btanda/rd Lmu Works are kept in Stock, in law calf and other bindings. Digitized by Microsoft® 119, CHANCEllY LANK, LONDON, W.O. 13 DISTRICT REaiSTRIES.-Archibald.-F«z7^^dge7"cham"b«^ Practice." DIVORCE^Browne's Treatise on the Principles and Practice of the Court for Divorce and Matrimonial Causes :— With the Statutes, Kulee. Fees and Forms relating thereto. Fourth Edition. By GEORGE BROWNE, Esq., B.A., of the Inner Temple, Barrister-at-Law, Recorder of Ludlow. (/„ the Press.). " We tttinl: this Edition of Mr. Browne'a Treatise has been edited witli commendable care. 1 lie book, as it now stands, is a clear, practical, and, so far as wo have been able to test It, accurate exposition of divorce law and procedure. "—SoiiciVorsVoiirnai. OOMICIL.— Dicey on the Law of Domicil as a branch of the Law of Kngland, stated in the form of Rules.— By A. V. DIUEY, B.C.L., Barristerat-Law. Author of "Rules for the Selection of Parties to an Action." Demv 8vo. 1879. 18,. PhlUimore's (Sir R.) Law of Domicil.— Svo. 1847. 9s. DUTCH LAW.— Vanderlinden's Institutes of the Law^s of Holland.— Svo. 1828. v. Us. EASEMENTS.— Goddard's Treatise on the Law of Easements.— By JOHN LEYBOURN GODDARD, of the Middle Temple, Esq., Barrister-at-Law. Second Edition. Demy Svo. 1877. 16«. "The book is invaluable: where the cases are silent the author has taken palus to ascertain what the law would be if brought iuto question."— Xaw Journal. " Nowhere has the subject been treated so exhaustively, and, we may add, so soientjfl- cally, as by Mr. Goddard. We recommend it to the moat careful studyof the law student, as well as to the library of the practitioner."— £010 Tima. ECCLESIASTICAI Finlason's Folkestone Ritual Case. — The Judgment of the J'ldicial Committee in the Follcestone Ritual Case, with an . Historical Introduction and brief Notes. By W. F. FINLASON, of the Middle Temple, Esq., Barrister-at-Law. Svo. 1877. Net, 2s. ed. PhlUimore's (Sir R.) Ecclesiastical Law.— The Ecclesiastical Law of the Church of England. With Supplement, containing the Statutes and Decisions to end of 1875. By Sir ROBERT PHILLIMORE, D.C.L., Official Principal of the Arches Court of Canterbury ; Member of Her Majesty's Most Honourable Privy Council. 2 vols. Svo. 1873-76. 31. Is. M. *»* The Supplement may be had separately, price is. dd., sewed. Stephens. — Vide "Church and Clergy." ELECTIONS — Browne (G. Lathom.)—r«fc "Registration." FitzGerald.— ride "BaUot." Rogers on Elections, Registration, and Election Agency. — With an Appendix of Statutes and Forms. Twelfth Edition. By F. S. P. WOLFERSTAN, of the Inner Temple, Esq., Barrister-at-Law. 12mo. 1S76. \l. 10s. "The book maintains its reputation asawellarraDgedmagazineof all the authorities on the subject." — Imw Journal, August 19, 1876. "Mr. Wolferstan has added a new chapter on -election agency, which contains a care- ful and valuable digest of the decisions and dicta on this thorny subject."— SoUdlora' Journal, October 28 1876. ENGLAND, LAWS OF, — Bo~wyer. — Vide " Constitutional Law." Broom and Hadley.— Fwfo" Commentaries." Syms' Code of English Law (Principles and Practice) for handy "reference in a Solicitor's office. ByF. R. SYMS, Solicitor. 12mo. 1870. 16». • * A.II sUridard Law WorH are kept in Stock, m law calf and other Undinc/i, Digitized by Microsoft® 14 STEVENS AND SONS' LAW PUBLICATIONS. EQUITY, and Vide CHANCERY. Seton's Forms of Decrees, Judgments, and Orders in the High Court of Justice and Courts of Appeal, having especial referenee to the Chancery Division, With Practical Notes. Fourth Edition. By E. H. LEACH, Esq., Senior Eegisttar of the^Court of Chancery ; F. G. A. WILLIAMS, of the Inner Temple, Esq. ; and the late H. W. MAY, Esq. ; con- tinued by JAMES EASTWICK, of Lincohi's Inn, Esq., Barristers- at-Law. In 2 vols. Eoyal 8vo. Vol. I. and VoL II. Part I. . 187?— 79. Sack 11. 10s. Vdlume II. Part I. contains : — Married Women ; lufants ; Administratiou of Real and PeisDnal Estate ; Partition and Sale under tbe Partition Acts, 1868, 1876; Mortgages, Principal and Surety; Partnership; Settlements; Specific Relief; and Sales by tlie Court. Part II., completing tite worii, is in tJie Press, and will be published shortll/. "The editors of this new edition of Setoa deserve much praise for what is almost, if not absolntely, an innovation in law books. In treating of any division of their subject, they have putpromineutly forward the result of the latest decisions settling the law, so far as it is ascertained, thus avoiding much useless reference to older cases There can be no doubt that in a book of practice lilse Seton, it is much more important to be able to see at once what the law is, than to know how it has become what it is ; and the editors have evidently taken great pains' to carry oat this principle in presenting the law on each division of their labours to their readers." —The Times, " We can hardly speak too highly of the industry and intelligence which have been bestowed on the preparation of the notes." — Solicitor's Journal, February 22, 1879. Smith's Manual of Equity Jurisprudence. — A Manual of Equity Jurisprudence for Practitioners and Students, founded on the Works of Story, Spenoe, and other writers, and on more than a thousand subsequent eases, comprisrog the Fundamental Principles and the points of Equity usually occurring in General Practice. By JOSIAH W. SMITH, B.C.L., Q.C. Twelfth Edition. 12mo. 1878. 12s. 6rf. "To sum up all in a word, forthestudent and the jurisconsult, the Manual is the nearest approach to an equity code that the present literature of the law is able to furnish." — Late Timet. " It will be found as useful to the practitioner as to the student." — Solicitors' JouttmI. " It retains and that deservedly, the reverence of both examiners and students."— Dr. ftoLLiT's Lecture on a Course of Beading, "There is no disguising the truth; the proper mode to use this book is to learn its pages by heart." — Law Magazine and Seview. EXAMINATION GUIDES — Bedford's Guide to the Preli- minary Examination for Solicitors.— Fourth Edition, 12mo. 1874. . Jifet, Zs. Bedford's Digest of the Preliminary Examiria-' tion Questions on English and Latin, Grammar, Geography, History, French Grammar, and Arithmetic, with the Answers Svo. 187S. 18s'. Bedford's Preliminary Guide to Latin.Gram- nnar. — 12mo. 1872. ^e( 3s. Bedford's Intermediate Examination Guide' to Bookkeeping.— Second Edition. 12mo. 1875. Net,2s.6d. Bedford's Final Examination Guide to Bank- ruptcy.— Third Edition. 12mo. 1877. 6! Bedford's Guide to Stephen's New Commen-^ taries on the Laws of England.— By QUESTION AND ANSWER. Demy Svo. 1879. I2s ' ' Here is a book which will be of the greatest service to students. It reduces the ' Commentaries ' to the form of question aaid answer ... We must also elve the author credit, not only for his selection of questions, but for his answers tliereto These are models of fulness and conciseness, and luoky will be the candidate who caii hand In a paper of answers bearing a close resemblance to those In the work hofm-o us."— itfi* Jowrnal, March 1, 1879. "^ Bedford's Outline of an Action in the Chan- cery Division. 12mo. 1878. Net, 2«. 6d. *»* All standard Law \\ orhs are kept in Stock, in law, calf and other binding's. Digitized by Microsoft® _____^ 119, CHANCEKY LANB, LONBON, W,0. 15 EXAMINATION Q\}\OE$. —OonUnued. '' Bedford's Student's Guide to Smith on Con- tracts. Demy 8vo. 1879. 3,. q^. The following are pubUshed the day after each Examination :— ' Bedford's Preliminary.— Containing the Questions and Answers of the Preliminary EzaminationB. Edited by E H BEDFORD, SoUcitor. Sewed. Net. U. Bedford's Intermediate.— Containing the Questions and Answers at the Intermediate Examinations. Edited by B. H BEDFORD, SoUoitor. Trinity Term. 1879. No. 43. Sewed. Net,ls. *,* Nos. 1 to 34. Bd. each. Nos. 35 to 42. 1». each. Bedford's Final. —Containing the Questions and Answers at the Final Examinations, Edited by E. H. BEDFORD, Solicitor. Trinity Term. 1879. No. 42. Sewed. Net, Is. *,* Nos. 1 to 33. 6d each. Nos. 34 to 41. 1». each. Butlin.— Vide " Articled Clerks." Rubinstein and "Ward. — J^c "Articled Clerks.'' Shear-wood's Student's Guide to the Bar, the Solicitor's Intermediate and Final and the Universities Law Examinations.— With Suggestions as to the books usually read, and the passages therein to which attention should be paid. By JOSEPH A. SHEARWOOD, B.A., of Lincoln's Inn, Esq., Barrister-at-law, Author of "A Concise Abridgment of the Law of Real Property and an Introduction to Conveyancing." Demy 8vo. 1879. 5». 6d. " A work irhujh will bo very acceptable to candidates for tlio various examinations, any student of average inlolligeuce who conscientiously foUows the path and obeys the instructions giren taiin by the author, need not foar to present himself as a candidate for any of the examinations to which tiiia book Is inieuded aa a. guide.'' — Law Journal. EXECUTORS.— Williams' Law of Executors and Ad- ministrators. — A Treatise on the Law of Executors and Administrators. By the Rt. Hon. Sir EDWARD VAUGHAN WILLIAMS, late one of the Judges of Her Majesty's Court of Common Pleas. Eighth Edition. By WALTER VAUGHAN WILLIAMS and ROLAND VAUGHAN WILLIAMS, Esqrs., Barristersat-Law. 2 vols. Royal 8vo. 1879. SI. 16s. " A treatise which occupies a unique poaition and which is recognised by the Bench and the profession as having puramount authority in the domain of law with which it deals, —iaw Jownal, June "21, 1879. '• .Vs it stands it is as perfect an expoaitiun iw it ia possible to supply."— it(;a Tiiiicg, July M, 1879. EXECUTORY DEVISES.— Fearne.— rirfe "Contingent Remainders." FACTORY ACTS.— Noteutt's Law relating to Factories and ^A'■orkshops, >A?-ith Introduction and Ex- planatory Notes. Second Edition. Comprising the Factory and Workshop Act, 1878, and the Orders of the Secretary of State made thereunder. By GEORGE JARVIS NOTCUTT, SoUcitor formerly of the Middle Temple, Esq., Barrister-at-Law. 12mo. 1879. , 9«. "The task of elucidating the provisions of the statute la done in a manner that leaves nothing to be desired." — Birmingham Daily Gaseiie, April I'5, 1879. f ARM, LAW OF.— Addison ; Cook.e.— Vide "Agricultural Law." Dixon's La-w of the Farm — A Digest of Cases connected with the Law of the Farm, and inoludingthe Agricultural Customs of England andWales. Fourth Edition. By HENRY PERKINS, Esq., Barrister-at-Law and Midland Circuit. Demy 8vo. 1879. 11. 6s. " It is impossible not to be struck with the extraordinary research that must have been used in the compilation of such a book as this."— iaw Journal, June 14, 1879. FIXTURES. -Amos and Ferard on Fixtures.— Second Edition. Royal 8vo. 1847. 16«. "Woodfall.— -See " Landlord and Tenant." %* All standard Law Worhs are h^t in Stoclc, in law calf and other bindings. Digitized by Microsoft® 18 STEVENS AND SONS' LAW PUBLICATIONS. FOREIGN JUDGMENTS Piggott's Foreign Judgments their effect in the English Courts.— By F. T. PIGGOTT, M.A., LL.M., of the Middle Temple, Barrister-at-Law. Eoyal 8vo. 1879. 15s. FORMS— Archibald.— Fide "Judges' Chambers Practice." Chitty's Forms.— Eleventh Edition. By THOS. CHITTY and THOS. WILLES CHITTY, Esqrs. (RmAy in SeptemJ)er.) Moore's Solicitor's Book of Practical Forms.— 12mo. 18.52. 7s. 6d. Daniell's Fornns and Precedents of Proceed- ings in the Chancery Division of the High Court of Justice and on Appeal therefrom ; with Dissertations and Notes, forming a complete guide to the Practice of the Chancery Dividon of the High Court and of the Courts of Appeal. Being the Third Edition of " Daniell's Chancery Forms." By WILLIAM HENRY UPJOHN, Esq., Student and Holt Scholar of Gray's Inn, Exhibitioner in Jurisprudence and Koman Law in the University of London, Holder of the First Senior Studentship in Jurisprudence, Koman Law and International Law, awarded by the Council of Legal Education in Hilary Term 1879. In one thick vol. Demy 8vo. 1879. il. 2s. " Mr, Upjobu has restored the volume of Chancery Forms to the place it held before the recent changes, as a trustworthy and complete collection of inecedents. It has all the old meTits ; nothing is omitted as too trivial or commonplace ; the solicitor's clerk finds bow to indorse a brief, and how, when neceBsary, to give notice of action ; and the index to the forms is full and perspicuous. He has embodied in the foot-notes the whole of the new practice, so far as it con affect the Chancery Division ; and he has put clearly and concisely the effect of the decisions thereon. We must not omit to commend the excellent index and tbe tables of statutes and general rules which are prefixed to the voliune, and which add greatly to its value for practical purposes. We consider that tbe judicious elaboration of the work in this and all other respects Justifies the learned editor in entitling bis book a Complete Manual of the Practice in tbe Chancery Division." — Solicitors' Journal, Februaiy 8, 1819. " We have had this work in practical nee for some weeks, and so careful is the noting up of tbe authorities, so clearly and coucisely are tbe notes expressed, that we have found it of as much value as tbe ordinary text books ou tbe Judicature Acts . . . It-^illbeas usefbl a work to practitioners at Westminster as it will be to those In Lincoln sInn. Tbe labour entailed in tbe compilation must have been severe, and we venture to predict a complete success for this new edition of an old friend." — Law Times, February 1, 1879. GAS WORKS.— Palmer.— Fide " Conveyancing." HIGHWAYS.— Bateman's General Highway Acts.— Second Edition. With a Supplement containing the Highway Act of 1864, &c. With Notes by C. MANLEY SMITH, Esq., one of the Masters of the Queen's i^ench. 12mo. 186.5. 10s. 6ef. Chambers' Law relating to High-ways and Bridges, being the Statutes in full and brief Notes of 700 Leading Cases ;, to which is added the Law relating to the Lighting of Kural Parishes under the Lighting Act, 1833. By GEO. F. CHAMBERS, Esq., Barrister-at-Law. Imperial Svo. 1878. 18s. Shelford's La-w of Highways.— The Law of Highways ; including the General Highway Acts for England and Wales, and other Statutes, with copious Notes of the Decisions thereon ; with Forms. Third Edition. With Supplement by C. MANLEY SMITH, Esq., one of the Masters of the Queen's Bench. 12mo. 1865. 16». INCLOSURES.— Fide "Commons." INDIAN LAW— Montriou ; the Hindu Will of Bengal. With an Introductory Essay, &o. Royal Svo. 1870. Net, 11. 10«. Norton's Leading Cases on the Hindu Law of Inheritance.— 2 vols. Royal 8vo. 1870-71. Net, 21. 10s. *f* All elandard Law Wm-kt are kept in Stock, in law calf and other bindings Digitized by Microsoft® 119, CHANCERY LANE, LONDON, W.C. 17 INJUNCTIONS.— Seton.— Fide "Equity." INSURANCE.— Arnould on the Law of Marine Insu- rance.— Fifth Edition. By DAVID MAOLACHLAN, Esq., Barrister-at-Law. 2 vols. Koyal 8vo. 1877. » SI. " As a text book, ' Arnonld ' is now all the practitioner can want, and we congratulate tile editor upon the skill with which he has incorporated the nev decisions." — Law Times, Oct. 6th, 1877. Hopkins' Manual of Marine Insurance.— 8vo. 1867. 18a. Lo>A/'nd.eS. — Vide "Average." INTERNATIONAL LAW-- Amos' Lectures on Inter- national Law. — Delivered in the Middle Temple Hall to the Students of the Inns of Court, by SHELDON AMOS, M.A., Pro- fessor of Jurisprudence (including International Law) to the Inns of Court, &o. Koyal 8vo. 1874. 10s. 6d. Kent's International Law. — Kent's Commentary on International Law. Edited by J. T. ABDY, LL.D., Judge of County Courts. Second Edition. Revised and brought down to the present time. Crown 8vo. 1878. 10«. 6d. " Altogether Dr. AbUy has performed his task in a manner worthy of his reputation, Uia hook will be useful not only to Lawyers and Law £)tadents, for whom it was primnrily lutended, l>ut also tor laymen. It is woU worth the study of evety member of an enlightened and civilized community." — SoUcUora* Journal, Levi's International Commercial Law.— Being the Principles of Mercantile Law of the following and other Countries viz. : England, Ireland, Scotland, British India, British Colonies, Austria, Belgium, Brazil, Buenos Ayrea J3enmark, France, Germany, Greece, Hans Towns, Italy, Netherlands, Norway, Portugal, Prussia, Russia, Spain, Sweden, Switzerland, United States, and Wlirtemberg. By LEONE LBVI, Esq., F.S.A., F.S.S., Barrister-at-Law, &c. Second Edition. 2 vols. Royal 8vo. 1863. 11. 15». Vattel's Law of Nations.— By JOSEPH CHITTY, Esq. Royal 8vo. 1834. U. 1«. Wheaton's Elements of International Law^; English Edition. Edited with Notes and Appendix of Statutes and Treaties, bringing the work down to the present time. By A. C. BOYD, Esq., LL.B., Barrister-at-Law. Author of the " The Merchant Shipping Laws." Demy 8vo. 1878. 11. 8s. "Mr Boyi), the latest editor, has added many useful notes; he has inserted in tlio Appendix public documents of permanent value, and there is the prospect that, as edited bv.vir Boyd Mr Wheaton's volume will enter on a new lease of life. .... It is all the luore important that their works {Kent and Wlieaton) should be edited by intelligent and impartial Englishmen, such as Dr. Abdy, the editor of Kent, and Mr. Boyd,"'— Ke Ti,„'.', •' Both the plan and execution of the work before us deserves commendation. Mr. Rovd eives prominence to the labours of others. The text of Wheaton is presented without alteration, and Mr. U.ina's numbering of the sections is preserved. Mr. Boyd's notes which are numerous, original, and copious, are conveniently interspersed through- out the text • but they are in a distinct type, and therefore the reader always knows whether he is reading Wheaton or Boyd. The Index, which could not have been com- niled without miich thought and labour makes the book handy for reference, and, coMequently, valuable to public writers, who in these days have frequently to refer to International Law." — Lom Journal, April 18, 1878. "Students who require a knowledge of Wheaton's text wUl find Mr. Boyd's volume very convenient. "—IoioJlfayozin«, May, 1878. Wildman'S International Law.— Institutes of Inter- national Law, in Time of Peace and Time of War. By RICHARD WILDMAN, Bairister-at-Law. 2 vols. 8vo. 1849-50. 11. 2s. 6d. JOINT OWNERSHIP.— Foster.— Fide "Real Estate." • • Allatinidard Law Worlci arelceptinSU)cTc,mlawcltly satisfactory, and, having gone carefully through it, we can recommend it with confldeuce to the numerous bod> of our readers who are daily interested in the subjects to which it relates." — Solicitors' Jouriial, December 8th, 1877. JUSTINIAN, INSTITUTES OF.-Cumin.—FMfe" Civil Law." Greene. — Vide "Eoman Law." Mears. — Vide "Roman Law." Ruegg's Student's " Atixiliufti " to the Institutes of Justinian. — Being a complete synopsis thereof in the form of Question and Answer. By ALFBED HENRY BUEGG, of the Middle Temple, BarriBteiyat-Law. Post 8vo. 1879. 5.?. " Will be greatly assisted in clearing and arranging his knowledge by a work of this kind." — I/aw Journal, May IT, 1!J79. Voet.— Fide "Civil Law." LAND TAX — Bourdin's Land "Tax. — An Exposition of the Land Tax ; its Assessment and Collection, with a statement of the rights conferred by the Redemption Acts. By MARK A. BOUR- DIN, of the Inland Revenue Office, Somerset House (late Registrar of Land Tax). Second Edition. Crown 8vo. 1870. 4s. LANDLORD AND TENANT.— Woodfall's La^^v of Landlord and Tenant. — A Practical Treatise on the Law of Landlord and Tenant, with a fuU Collection of Precedents and Forms of Procedure. Eleventh Edition. Containing an Abstract of Leadin°^ Propositions, and Tables of certain Customs of the Country. By J. M. LELY, of the Inner Temple, Esq., Barrister-at-I;aw. Royal 8vo. 1877. II. 16s. LAW LIST.— Law List (The).— Comprising the Judges and Officers of the different Courts of Justice, Counsel, Special Pleaders, Draftsmen, Conveyancers, Solicitors, Notaries, &e., in England and Wales ; the Circuits, Judges, Treasurers, Registrars, and High Bailiffs of the County Courts, District Registries and Registrars under the Probate Act, Lords Lieutenant of Counties, Recorders, Clerks of the Peace, Tovm Clerks, Coroners, Colonial Judges, and Colonial Lawyers having English Agents, Metropolitan and Stipendiary Magistrates, Law Agents, Law and Public Officers, Circuits of the Judges and Counsel attending Circuit and Sessions, List of Sheriffs and Agents, London Commissioners to Administer Oaths in the Supreme Court of Judicature in England, Conveyan- cers Practising in England under Certificates obtained in Scotland, &c., &c,, and a variety of other useful matters so far as relates to "^'All standard Law Works are ifeptin Stoc!c,in law calf and other bindin(is. Digitized by Microsoft® 119, CHANCEKY LANE, LONDON, W.C. "21 LAW LIST.— CoBtfeiued Special I^leaders, Draftamen, Conveyancers, Solicitora, Proctors and Notaries. Compiled by WILLIAM HENRY COUSINS, o£ the Inland Revenue Office, Somerset House, Kepstrar of Stamped Cer- tificates, and of Joint Stock Companies. Published annually. By Authority. 1879. (Na cash 9«.) 10«. 6d. LAW REPORTS. — A large Stock of second-hand Reports. Estimates on application. LAWYER'S COMPANION.— 7i(ie "Diary." LEADING CASES.— Haynes' Student's Leading Cases. Being some of the Principal Decisions of the Courts in Constitutional Law, Common Law, Conveyancing and Equity, Probate, Divorce, Bankruptcy, and Criminal Law. With Notes for the use of Students. By JOHN F. HAYNES, LL.D., Author of "The Student's Statutes." Demy 8vo. 1878. 16«. " Will prove of great utility, not only to Students, but FraGtltionors. The Note» are clear, pointed and concise."— i^uw lintei, August 17th, IS78. " We think tiiat this book will supply a want .... the book is singularly well arraniced for reference."— iaw Journal, Aug. 24, 1878. " The sttitemonts of the various oases are fairly full and clear, and many of the notes are good."— iaw Magazine, November, 1878. LEXICON Vide "Dictionary." LIBRARIES AND MUSEUMS.— Chambers' Public Libraries and Museums and Literary and Scientific Institutions generally, a Digest of the Law relating to. Second Edition. By G. F. CHAMBERS, of the Inner Temple, Barrister-at-Law. Imperial 8vo. 1879. Ss. 6d. LICENSING.— Lely and Foulkes' Licensing Acts, 1828, 1869, 1872, and 1874; Containing the Lawof the Sale of Liquors by Retail and the Management of Licensed Houses ; with Notes to the Acts, a Summary of the Law, and an Appendix of Forma. Second Edition. By J. M. LELY and W. D. I. FOULKES, Esqrs., Barristers-at-Law. Royal 12mo. 1874. 8». " Messrs. Lely and Foulkes' plan is to print in full the principal Acts, and to inter- polate between the sections of each of these statutes all sabsidiary enactments, distin- gnishmg them by brackets and marginal notes These notes are usually sensible and to the point and give evidence both of care and knowledge of the subject," —SoUcitort' Journal. LIFE ASSURANCE.— Scratchley's Decisions in Life As- surance Law, collated alphabetically according to the point involved ; with the Statutes. Revised Edition. By ARTHUR SCRATCHLEY, M.A., Barrister-at-Law. Demy 8vo. 1878. Ss. LIGHTS.— AA'^oolrych's Practical Treatise on the Law of Window Lights. — Second Edition. 12mo. 1864. 6s. LORD MAYOR'S COURT PRACTICE.-Candy.— Kdc "Mayor's Court Practice." LUNACY.— Elmer's Practice in Lunacy.— The Practice in Lunacy under Commissions and Inquisitions, with Notes of Cases and Recent Decisions^ the Statutes and General Orders, Forms and Costs of Proceedings in Lunacy, an Index and Schedule of Cases. Sixth Edition. By JOSEPH ELMER, of the Office of the Masters in Lunacy. 8vo. 1877. 21i. MAGISTERIAL LAW.— Burn.— FMe "Justice of Peace." Leeming and Cross.— Fide » Quarter Seasions. Pritchard.— Hde " Quarter Sessions." Stone.— Fide "Petty Seasions" ;.f j ,i i.- j- • * AU Ktandm-d law Wo-r/cs tire kept in Stock,in law calf amdother Irnidings. Digitized by Microsoft® 22 STEVENS AKD SONS' LAW PUBLICATIONS. MAINTENANCE AND CHAMPERTY.— An Inquiry into the present state of the Law of Maintenance and Chajuperty, prinqipally as affiecting, Contracts. By WM. JOHN TAPP, Barrister-at-Law. 12ino. 1861. , 4s. 6d. MANDAMUS. — Tapping on Mandamus. — The Law and Practice of the High Prerogative Writ of Mandamus as it obtains both in England and Ireland. B^yal 8vo. 1848. Net, 11. It. P^AYOR'S COURT PRACTICE.— Candy's Mayor's Court Practice.— The Jurisdiction, Process, Practice, and Mode of Plead- ing in Ordinary Actions in the Mayor's Court, London (commonly called the "Lord Mayor's Court"). Fowded on Brandon. By GEORGE CANDY, Esq., Barrister-at-Law. Demy 8vo. 1879. 14s. "The 'ordiuary' praetico of the Court is deajt with in it^ natural ord@7, and is simply and clearly stated."— iaw Jottmal, April 13, 1879. MERCANTILE LAW.— Boyd.— Fide "Shipping." Russell. — Vide "Agency." Smith's Mercantile La"W. — A Compendium of Mercantile Law. By the late JOHN WILLIAM SMITH, Esq. Ninth Edition. By G, M. DOWDESWELL, of the Inner Temple, Esq., one of Her Majesty's Counsel. Koyal 8vo. 1877. 11. 18s. '* We can safely say that, to the practising Solicitor, few books will be found more useful than the ninth edition of * Smith's Mercantile law.' " — Zaiv Magazine, Nov. 1877. Tudor's Selection of Leading Cases on Miercan- tile and Maritime Law.— With Notes. By 0. D. TUDOK, Esq., Barrister-at-La*-. Second Edition. Eoyal 8to. 1868. 11. 18s. METROPOLIS BUILDING ACTS.-"Woolrych's Metropolis Bviilding Acts, together with such Clauses of the Metropolis Management Acts, 1855 and 1862, and other Acts, as more par- ticularly relate to the Buildings Acts, with Notes, Explanatory of the Sections and of the Architectural Terms contained therein. Second Edition. By NOEL H. PATBESON, M.A., of the Middle Temple, Esq., Barrister-at-Law. 12mo. 1877. 8s. 6d. MINES'— Rogers' La-w relating to Mines, Minerals, and Quarries in Great Britain and Ireland ; with a Summary of the Laws of Foreign States and Practical Directions for obtaining Government Grants to work Foreign Mines. Second Edition Enlarged. By AKTTNDEL EOGEES, Esq., Bar- rister-at-Law. 8vo. ]1876. 11. lis. 6d. " The Tolnme -ifill prove invaluable as a work of legal reference."- 27i« Mining Jonmal, May 18, 1876. MONEY SECURITIES Cavanagh;s La-w of Money Secu- rities. — In Three Books. I. Personal Securities. II. Securities on Property. III. Miscellaneous ; with an Appendix containing the Crossed Cheques Act, 1876, The Factors Acts, 1823 to 1877, Locke King's, and its Amending Acts, and the Bills of Sale Act, 1878. By CHEISTOPHPE CAVANAGH, L.B, B.A. (Lond.), of the Middle Temple, Esq., Barrister-at-Law. Demy 8vo. 1879. 21«. MORTGAGE.- Coote's Treatise on the Law of Mort- gage.— Third Edition. Eoyal 8vo. 1850. Net, 11. MORTMAIN.— Rawlinson's Notes on the Mortmain Acts ; shevring their operation on Gifts, Devises and Bequests for Charitable Uses. Designed for the Use of Solicitors in Adminatra- tion Suits in the Chancery Division of ^e High Court of Justice. By JAMES EAWLINSON, Solicitor. Demy 8vo. 1877. Inter- leaved. Net, 2s. M. * J* All standard Law Works are Jcept in Stock, in law calf and other bindings. Digitized by Microsoft® 119, CHANCERY LAJSTB, LONDON, W.O. 23 NAVY. — Thring's Criminal Law of the Navy, with an Introductory Chapter on the Early State and Discipline of the Navy, the Rules of Evidence, and an Appendix comprising the Naval Discipline Act and Practical Forms. Second Edition. By THEODORE THRING, of the Middle Temple, Barristerat-Law, late Commissioner of Bankruptcy at Liverpool, and 0. E. GIFFORD, Assistant-Paymaster, Royal Navy. 12mo. 1877. 12s. 6d. " A full ficriea of forms of warranta, minates, charges, Ac, and a good Index, complete the utilvty of a work which should be in the hands of hU who have to deal with the regu- lating and governing of the Fleet." — Law Magazine, February, 1878. " In the new edition, the procedure, nafal regulations, forma, and all maltors con- ne<:ted with the practical administration of the law have been classified and arranged by Jlr. Giftord, so that the wort is io every way nseful, complete, and up to inte,"—Ifmal and Military Oazette, December 12, 1877. NISI PRIUS.— Roscoe's Digest of the Law of Evidence on the Trial of Actions at Nisi Prlus.— Fourteenth Edition. By JOHN DAY, one of Her Majesty's Counsel, and MAURICE POWELL, Barrister-at-Law. Royal 12mo. 1879. 21. {Sound in one thick volume calf or circuit, 5s., or in two convenient vols. calf or circuit, 9s. net, extra.) •'The task of adapting the old text to the new procedure was one requiring much patient labour, carefnl accuracy, and conciseness, as well as discretion in the omission of mattor obsolete or unneoossary. An examination of the bulky volume befbre us affords good evidence of the posseasion of these qualities by the present editors, and we feel sure that the popularity oi; the work will continue unabated under their cooscientioua care." — Law Magazine, May, 1879. Selwyn's Abridgment of the Law of Nisi Prius.— Thirteenth Edition. By DAVID KEANE, Q.C., Recorder of Bedford, and CHARLES T. SMITH, M.A., one of the Judges of the Supreme Court of the Cape of Good Hope. 2 vols. Royal 8vo. 1869. (Published at 21. 16«.) Net, \l. NOTANPA.— Fide "Digests." NOTARY.— Brooke's Treatise on the Office and Prac- tice of a Notary of England.— With a full collection of Precedents. Fourth Edition. By LEONE LEVI, Esq., F.S.A., of Lincoln's Inn, Barrister-at-Law. 8vo. 1876. \l. is. NUISANCES.— FitzGerald.— Fide "PubUc Health." OATHS.— Braithwaite's Oaths in the Supreme Court of Judicature. — A Manual for the use of Commissioners to Administer Oaths in the Supreme Court of Judicature in England. Fart I. containing practical information respecting their Appoint- ment, Designation, Jurisdiction, and Powers ; Part II. comprising a collection of ofBcially recognised Forms of Jurats and Oaths, with Explanatory Observations. By T. W. BRAITHWAITE, of the Record and Writ Clerks' Office. Fcap. 8vo. 1876. 4». M. "Specially useful to Commissioners."— ia«iJ/as'o»i»ie, Februai?, 1877. " The work will, we doubt not, become the recognised guide of commisaioners to Hdininister oaths." — Solicitors' Journal, May 6, 1876. PAhTITION.-Foster.— Fide " Real Estate." PARTNERSHIP.— Pollock's Digest of the Law of Part- nership. By FREDERICK POLLOCK, of Lincoln's Inn, Esq., Barristerrat-Law. Author of " Principles of Contract at Law and in fequity." Demy 8vo. 1877. 8s. Sd. *„* The object of this work is to give the substance of the Law of Partnership (excluding Companies) in a coacise and definite form, " Of the execution of the work, we can speak in tei'ms of the highest praise. The language is simple, concise, and dear; and the general propositions may bear comparison with those of Sir James Stephen."— £010 Magaane, February, 1878. " Mr Pollock's work appears eminently satisfactory ... the book is praiseworthy in design, scholarly and complete in execution."- Simrdoj/ Review, May S, 1877. " A few more books written as carefully as the 'Digest of the Law of Partnership,' will, perhaps remove some drawbacks, and render English law a pleaaanler and easier subject to study than it is at ptesent."— 2V Examiner, March 31, 1877. *,* AU Standard Law Works are kept in Stock, in law caZf and other hindmgg. Digitized by Microsoft® 24 STEVENS AND SONS' LAW PUBLICATIONS. PATENTS.— Hindmarch's Treatise on the Law rela- ting to Patents.— 8vo. , 1S46. 11. Is. Johnson's Patentees' Manual; being a Treatise on the La-w and Practice of Letters Patent, especially intended ■for the use of Patentees and Inventors.— By JAMES JOHNSON, Barrister-at-Law. and J. H. JOHNSON, Solicitor and Patent Agent. Eourth Edition. Thoroughly revised and much enlarged. Demy 8vo. 1879. 10s. 6rf. " A very excellent manual."— ioip S^mes, February S. 1879. "The authors have not only a knowledge of the law, hut of the working of the law. Be- sides the table of cases there is acopious index to subjects./ — Law Journal^ Marcbl, 1879. Thompson's Handbook of Patent Law of all Countries.— ThirdEditlon, revised. ByWM. P. THOMPSON, C.E., Head of the International Patent Office, Liverpool. 12mo. 1878. Net Is. 6rf. PERSONAL PROPERTY.— Smith.— Fide "Keal Property." PETITIONS Palmer.— FJeie " Conveyancing." PETTY SESSIONS.— Stone's Practice for Justices of the Peace, Justices' Clerks and Solicitors at Petty and Special Sessions, in Summary Matters and Indictable Offences, with a List of Summary Convictions and of Matters not Criminal. With Forms. Eighth Edition. By THOMAS SIKRELL PKITCHAED, of the Inner Temple, Esq., Barrister-at-Law, Kecorder of Wenlock. In 1 vol. Demy 8vo. 1877. li. 10*. " The book, as a whole, is thoroughly satisfactm-y, and, having gone carefully through it, we can recommend it with confideoce to the numeroiis body of our readers who are daily interested in thfe subjects to which it relates."— Soiictior*' Joum(jX^ December 8th, 1877. POOR LAW.— Davis' Treatise on the Poor Laws.— Being Vol. IV. of Bums' Justice of the Peace. 8vo. 1869. li. lis. 6d. POWERS. — Farwell on Powers.— A Concise Treatise on Powers. By GEOBGE FAEWELL, B.A., of Lincoln's Inn, Esq., Barrister-at-Law. 8vo. 1874. \l. Is. <* We recommend Mr. Farwell's book as containing within a small compass what would otherwise have to be souffbt out in the pages of hundreds cff confusing reports." — 2'Ac Lav. PRECEDENTS.— Firfe " Conveyancing." PRINCIPAL AND AGENT.-Petgrave's Principal and Agent. — ^A Manual of the Law of Principal and Agent. By E. C. PETGRAVE, Solicitor. 12mo. 1857. 7s. 6d. Petgrave's Code of the Law of Principal and Agent, vrith a Preface. By E. C. PETGKAVE, Solicitor. Demy 12mo. 1876. iVci, sewed, 2«. PRIVYCOUNCIL. — Finlason's History, Constitution, and Character of the Judicial Comnnittee of the Privy Council, considered as a Judicial Tribunal, especially in Ecclesiastical Cases, with special Ireference to the right and duty of its members to declare their opinions. By W. F. FINLASON, Barrister-at-Law. Demy 8vo. 1878. 4s. 6d Lattey's Handy Book on the Practice and Pro- cedure before the Privy Council.— By EOBEET THOMAS LATTEY, Attorney of the Court of Queen's Bench, and of the High Court of Bengal. 12mo. 1869. 6s. PROBATE. — Browne's Probate Practice : a Treatise on the Principles and Practice of the Court of Probate, in Contentious and Non-Contentious Business, vrith the Statutes, Eules, Fees, and Forms relating thereto. By GEORGE BEOWNE, Esq., Barrister- at-Law, Recorder of Ludlow. 8vo. 1873. V,. Is. "A cursory glance through Mr. Browne's work shows that it has been compiled with more than ordinary care and intelligence. We should consult it with every confidence, and consequently recommend it to those who require an instructor in Probate Court prac- tice." — Law 'Bmei. *,* AIX standard Law Works are kept in Stock, in law coif and other bindings. Digitized by Microsoft® 119, CHAJSCEKY LANE, LONDON, W.C. 26 PUBLIC HEALTH.— Chambeps' Exhaustive Index to the Public Health Act, 1873; with the full Text of the Act, and of mbst of the Incorporated Acts. By GEO. F. CHAMBERS, Esq., Barrister-at-Law. Imp. 8vo. 1877. 4«. 6d. Chambers' Digest of the Law relating to Public Health and Local Government.— With Notes of 107-3 leading Cases. Various official documents;, precedents of By-laws, and Regulations. The Statutes in full. A Table of Offences and Punishments, and a Copious Index. Seventh Edition, enlarged and revised, with Sdpplement containing newLocal Govern- ment Board By-Laws in full. Imperial 8vo. 1875-7. II. 8s. *»* The Supplement may be had separately, price 9s. Chambers' Popular Sumi-nary of Public Health and Local Government Law. Imperial 8 vo. 1875. A'e*, Is. 6it. FitzGerald's Public Health and Rivers Pol- lution Prevention Acts.— The Law relating to Public Health and Local Government, as contained in the Public Health Act, 1875, with Introduction and Notes, showing all the alterations in the iExistingLaw,with reference to the Cases, &c.; togetherwitliaSup- plement containing " Th* Rivers Pollution Prevention Act, 1876." With Explanatory Introduction, Notes, Cases, and Index. By G. A. E. FITZGERALD, Esq., Barrister-at-Law. Royal 8vo. 1876. 1/. Is. " A copious and well-executed aualyblcal index completes the work which we can coniidently recommend to the offlcera and members of sanitary authorities, and all interested In the subject matter oC the new Act."— Law Magazine and Review, February 1877. ** Mr. FitzGerald comcB forward with a special qualification for the task, for he was employed by the Government in the preparation of the Act of 1876; and, as he himself says, has uecessiu'ily, for some time past, devoted attention to the law relating to public health and local government." — Law Joiwnal, April 22, 1876. PUBLIC MEETINGS.— Chambers' Handbook for Public Meetings, including Hints as to the Summoning and Manage- ment of them ; and as to the Duties of Chairmen, Clerks, Secretaries, .and other Officials; Rules of Debate, &c., to which is added a Digest of Reported Cases. By GEORGE F. CHAMBERS, Esq., Bar- rister-at-Law. l£mo. 1878. Net, 28. 6d. QUARTER SESSIONS.— Leem.ing & Cross's General and Quarter Sessions of the Peace.— Their Jurisdiction and Practice in other than Criminal matters. Second Edition. By HORATIO LLOYD, Esq., Recorder of Chester, Judge of County Courts, and Deputy-Chairman of Quarter Sessions, and H. 1'. THURLOW, of the Inner Temple, Esq., Barrister-at-Law. 8vo. 1876. \l. Is. " I'he pruaent editors appear to have taken the utmost pains to make the volume com- ploie, aud, from our examintition of it, we can thoroughly recommend it to all interested in the practice of quarter sessions." — Law Tiviet, March !s, 1876. Pritchard's Quarter Sessions.— The Jurisdiction, Prac- tice and Procedure of tlie Quarter Sessions in Criminal, Civil, and Appellate Matters. By THOS. SIRRELL PRITCHARD, of the Inner Temple, Esq., Barrister-at-Law, Recorder of Wenlock. 8vo. 1875. 11. 2s. '^W'e can confidently sfiy that it is written throughout with clearness and intelligence, and tnat both in legislation aud in case law it is carefully brongbt dovm to the most resent date. "—jSo'icitors' Jnurnal. * • jd'S standard Law Works are kf.pt in Stock, in law calf and ether hmdrngs. Digitized by Microsoft® 28 STEVENS AND SONS' LAW PUBLICATIONS. RAILWAYS.— Lely's Railway and Canal Traffic Act, , 187S. — 'And other Bailway and Canal Statutes; with the General Orders, Fonns, and Table of Fees. By J. M. LEL Y, Esq. Post 8 vo. 1873. 8b. RATES AND RATING.— Castle's Praetibal Treatise on the L,a^^r of Rating. By EDWARD JAMES CASTLE, of the Inner Temple, Barrister-at-Law. Demy 8vo. 1879. II. Is. "Mr. Castle's book is a 'correct, exhaustive, clear and concise view of the law."— Zaw IVmes, July 5, 1879. "The book is a useful assistant in a perplexed branch of Law." — Law Journal. Chamber's Law relating to Rates and. Rating ; with especial reference to the Powers and Duties of Rate-levying Local Authorities, and their Officers. Being the Statutes in fuU and brief Notes of 550 Cases. By G. F. CHAMBERS, Esq., Earrister-at-Law. Imp. 8vo. 1878. ' 12s. REAL ESTATE.— Foster's Law of Joint Ownership and Partition of Real Kstate. By EDWARD JOHN POSTER, M.A., late of Lincoln's Inn, Barrister-at-Law. 8vo. 1878. ' 10s. 6d. "Mr. Foster may be congratulated on having produced a very satisfactory vade mecum on the Law of Joint Ownership and Partition. He has taken considerable pains to make his treatise practically useful, and has combined within the fifteen chapters into which the book is divided,' brevity«of statement with completeness of treatment."— Xoicil/a^oaMe, February, 1879. REAL PROPERTY.— Greenwrood's Recent Real Pro- perty Statutes. Comprising those passed during the years 1874-1877 inclusive. Consolidated with the Earlier Statutes thereby Amended. With Copious Notes, and a Supplement containing the Orders under the Settled Estates Act, 1878. By HARRY GREENWOOD, M.A., Esq., Barrister-at-Law. 8vo. 1878. 10s. " To students particularly this collection, with the careful notes and references to previous legislation, will be of considerable value." — Lavj Times, Oct. 26, 187S. " Mr. Greenwood's book gives such of the provisions of the amended statutes as are ptill in force, as well as the provisions of the new statutes, in order to show more clearly the effect of the recent legislation." — Law Jowmal, Kovember 16, 1878. Leake's Elementary Digest of the La-w of Pro- perty in Land. — Containing : Introduction. Part I. The Sources of the Law.— Part II. Estates in Land. By STEPHEN MARTIN LEAKE, Barrister-at-Law. 8vo. 1874. \l. 2s. %* The above forms a complete Introduction to the Study of the Law of Real Property. Shearwood's Real Property. — A Concise Abridgment of the Law of Real Property and an Introduction to Conveyancing. Designed to facilitate the subject for Students preparing for Examination. By JOSEPH A. SHEARWOOD, of Lincohi's Inn, Esq. , Barrister-at-Law. Demy 8vo. 1878. 6s. 6d. "The present law is expounded paragraphically, so that it could be aotuallyffcai-Kcii without understanding the origin from which it has sprung, or the principles on which it is based."— iow Journal, September 21, 1878. Shelford's Real Property Statutes.— Eighth Edition. By T. H. CARSON, Esq., Barrister-at-Law. 8vo. 1874. 11. 10s. Smith's Real and Personal Property. — A Com- pendium of the Law of Real and Personal Property, primarily connected with Conveyancing. Designed as a second book for Students, and as a digest of the most useful learning for Practi- tioners. By JOSIAH W. SMITH, B.C.L., Q.O. Fifth Edition. 2 vols. DemySvo. 1877. 2?. 2s. " He has given to the student a book which he may read over and over again with profit and pleasure."— £aui Tima. "The work before us will, we think, be found of very great service to the practitioner." — Solicitor^ Journal. %*jl?i standard Law Works are kept in Stock, in law calf and, other bindings. Digitized by Microsoft® 119, CHANCERY LANE, LONDON, W.C. 27 REGISTRATION.— Bpowne's(G.Lathom)Papliamentapy^ and Municipal Registration Act, 1878 (41 & 42 Vict. cap. 26) ; with an Introduction, Notes, and Additional Forms. By G. LATHOM BROWNE, o£ the Middh) Temple, Esq., Barrister-at-Law. 12mo. 1878. 5«. 6d. REGISTRATION CASES.— Hop-wood and Coltman's Registration Cases.— Vol. L (1868-1872). Net,2l.lSg. Calf. Vol. II. (1873-1878). Net, 11. 10s. Calf. RIVERS POLLUTION PREVENTION.— FitzGerald's Rivers Pollution Prevention Act, 187S.— With Explanatory Introduction, Notes, Cases, and Index. Royal 8vo. 1876. 3i. 6d. ROMAN LAW.— Cumin.— Fide "Civil." Greene's Outlines of Roman Law.— Consisting chiefly of an Analysis and Summary of the Institutes. For the use of Students. By T. WHITCOMBB GREENE, B.C.L., of Lincoln's Inn, Barrister-at-Law. Third Edition. Foolscap 8to. 1875. 7».6d. Mears' Studerjt's Ortolan.— An Analysis of M. Ortolan's Institutes of Justinian, including the History and Generalization of Roman Law. By 'r. LAMBERT MEARS, M.A., LL.D. Lond., of the Inner Temple, Barrister-at-Law. PubliahedJiy permission of the late M. Ortolan. PostSvo. 1876. 128. 6rf. Ruegg. — Vide "Justinian." SAUNDERS' REPORTS.— "Williams' (Sir E. V.) Notes to Saunders' Reports.— By the late Serjeant WILLIAMS. Continued to the present time bj- the Right Hon. Sir EDWARD VAUGHAN WILLIAMS. 2 vols. Royal 8vo. 1871. 2i. 10«. SETTLED ESTATES.— Middleton's Settled Estates Act, 1877, and the Settled Estates Act Orders, 1878, with Introduction, Notes and Forms, and Summary of Practice. Second Edition. By JAMES W. MIDDLETON, B.A., of Lincohi's Inn, Barrister-at-Law. 12mo. 1879. 4s. &d. "A complete work as a practical edition of ttie Settled Estates Act, 18^7, and will be found exceedingly useful to legal practitioners." — Law Journal, April 19. 1879. *'Tlie book ia a well-timed and useful manual of the ^ci."— Solicitor^ Journal. " The book is excellently arranged, particularly in the summary of practice." — Batnnlay Review. SHERIFF LAW — Churchill's Law of the Office and Duties of the Sheriff, with the Writs and Forms relating to the Office. By CAMERON CHURCHILL, B.A., of the Inner Temple, Barrister-at-Law, assisted by A. CARMICHAEL BRUCE, B.A, of Lincoln's Inn, Barrister-at-Law. Demy 8vo. 1879. 18s. " This is a work upon a subject of large practical importance, and seems to hare be^u compiled witli exceptional care There is an appendix of forms which will be found useful."— iaw Times, March 8th, 1879, " Under-Sherifls, and lawyers generally, will find this a useful book to have by them, both for perusal and reference." — Law Magazine, May, 1879. SHIPPING, ajid vide " Admiralty." Boyd's Merchant Shipping Laws ; being a Consolida- tion of all the Merchant Shipping and Passenger Acts from 1854 to 1876, inclusive ; with Notes of aU the leading English and American Cases on the subjects affected by Legislation, and an Appendix contaiiiing the New Rules ispued in October, 1876 ; forming a com- plete Treatise on Maritime Law. By A. C. BOYD, LL.B., of the Inner Temple, Esq., Barrister-at-Law, and Midland Circuit 8to. 1876. 11. 5s. " We can recommend the wcirk as a very useful compendium of shipping law." — Zoui Timet, December 80, 1876. * * AU standmd Law Worha are keipt in Stock, in law calf and other Undings. Digitized by Microsoft® 28 STEVENS AND SONS' LAW PUBLICATIONS. SOLICITORS.— Copdery's J-a-w relating to Solicitors of the Supreme Court of Judicature. — With an Appendix of Statutes and Eules. By A. COKDERY, of the Inner Temple, Esq., Barrister-at-Law. Demy 8vo. 1878. 14«. " Mr. Cordery writes tersley and clearly, and displays iu general great industry and care in the coUecUou of cases."— Solicitors' Jownal. *' The chapters on liability of soliuitore and on lien may be selected as two of the best in the boolc." — law Journal. solicitors; guides.— H* " Examination Guides." STAMP LAWS Tilsley's Treatise on the Stamp La'WS. — Being an Analytical Digest of aU the Statutes and Cases relating to Stamp Duties, with practical remarks thereon. Third Edition. With Tables of all the Stamp Duties payable in the United Kingdom after the 1st January, 1871, and of Tormer Duties, &c., &e. By E. H. TILSLEY, of the Inland Revenue Office. 8vo. 1871. 18s. STATUTES, and vide " Acts of Parliament." Biddle's Table of Statutes.— A Table of Beferences to unrepealed Public General Acts, arranged in the Alphabetical Order of their Short or Popular Titles. Second Edition, including Befer- ences to all the Acts in Chitty's Collection of Statutes. Boyal 8vo. 1870. (Published at 9s. 6d.) Net, 2«. 6d. Chitty's Collection of Statutes, ■with Supple- ments, to 1878.— A Collection of Statutes of Practical Utility ; with Notes thereon. The Third Edition, containing all the' Statutes of Practical Utility in the Civil and Crim inal Administration of Justice to the Present Time.. By W. N. WELSBY and EDWAKD EEAVAN, Esqrs., Banisters-at-Law. In i very thick vols. Koyal Svo. 1866. [PuhUahed at 121. 12s.) ' Seduced to, net, 61. 6s. Supplemental Volume to the above, comprising the Statutes 1865—72. By HORATIO LLOYD, Esq., Judge of County Courts, and Deputy-Chairman of Quarter Sessions for Cheshire. Royal 8vo. 1865—72. 3/. 4s. Vol. II., Part L, 1873, Is. 6d. Part II., 1874, 6s. Part III., 1875, 16.«. Part IV., 1876, 6«. 6d. Part V., 1877, is. 6d. Part VI., 1878, 10s., sewed. %* Continued Annually. 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By FREDERICK WILLIAM HEAD, of the Inner Temple, Student-at-Law. Demy Svo. 1877. Net, Is. 6d. Lynch's Statute La-w, for the use of Students for the Incor- porated Law Society's Examinations. 1870,1s.; 1872,1s.; 1873, Is. 6d.; 1874, Is. ; 1875,1s.; 1876,1s.; 1877, Is.; Net, sewed. SUMMONSES AND ORDERS.— Archibald.— FiWe "Judges' Cham- bers Practice." TORTS.— Addison on Wrongs and their Remedies.— Being a Treatise on the Law of Torts. By C. G. ADDISON, Esq., Author of "The Law of Contracts." Fifth Edition. By L. W. CAVE, Esq., one of Her Majesty's Counsel. {In the press.) TRADE MARKS — Rules under the Trade Marks' Re- gistration Act, 187S (by Authority). Sewed. Net, Is. Mozley's Trade Marks Registration.— A Concise View of the Law and Practice of Registration of Trade Marks, as altered by the Trade Marks Registration Act, 1875, and Amended Act, 1876, and the Decisions thereon. With an Appendix con- taining a copy of the above Acts and Rules, with Directions for Registration, &c. Also the Merchandise Marks Act, 1862. By LIONEL B. MOZLEY, SoUcitor. Crown Svo. 1877. 3s. 6d. Sebastian's Digest of Cases of Trade Mark, Trade Name, Trade Secret, Goodwill, &c., de- cided in the Courts of the United Kingdom, India, the Colonies, and the United States of America. By LEWIS BOYD SEBASTIAN, B.C.L., M.A., of Lincoln's Inn, Esq., Barrister-at-Law, Author of " The Law of Trade Marks." Demy 8vo. 1879. li Is. " A digest which will be of very great value to all practitioners wlio have to advise on matters conuected with trade marks." — SohcitQi-s' Journal, July 20, is79. Sebastian on the Law of Trade Marks. — The Law of Trade Marks and their Registration, and matters connected there- with, including a chapter on Goodwill. Together with Appendices containing Precedents of Injunctions, &o. ; The Trade Marks Regis- tration Acts, 1875 — 7, the Rules and Instructions thereunder; The Merchandise Marks Act, 1862, and other Statutory enact- ments; and The United States Statute, 1870 and 1875, and the Treaty with the United States, 1877 ; and the New Rules and Instructions issued in February, 1878. With a copious Index. By LEWIS BOYD SEBASTIAN, B.C.L., M.A., of Liucohi's Inn, Esq., Barrister-at-Law. 8vo. 1878. 14s. "The book cannot fail to be of service to a large class of lawyers."— Sbifcaois' jBurnal, November 10th, 1878. "Mr. Sebiistlan has written the fullest and most mfthodical book on trade marks which has appeared in England since the passing of the Trade Marks Kegistration hcia."— Track Marks, June, 1878. " Viewed as a compilation, the book leaves little to be desired. Viewed as a treatise on a subject of growing importance, it also strikes us as being well, and at any rate careluU; executed."— iaio Journal, March 30th, 1878. *'Mr. Sebastian's book is a caieful statement of the law," — Law Timet. *^* AU Standard Law Works are kept in Stock, in lam calf and other bindinc/s. Digitized by Microsoft® 30 STEVENS AND SONS' LAW PUBLICATIONS. TRADE MARKS.-C»'><««««'«. Trade Marks' Journal. — 4to. Sewed. (Issiied foriMghtly.) Nos. 1 to 165 are now read/y. Net, each Is. Index to Vol. 1. (Nos. 1^7.) Net, 3s. Ditto, „ Vol. II. (Nos. 48—97.) Net, 3s. Ditto, „ Vol. IlL (Nos. 98—123.) Net, 3s. Ditto, „ Vol. IV. (Nos. 124—173.) Net, 3s. Wood's Law of Trade Marks.— Containing the Mer- chandise Marks' Act, 1862, and the Trade Marks' Begistration Act, 1875 ; with the Holes thereunder, and Practical Directions for ob- taining Registration ; with Notes, full Table of Cases and Index. By J. BIGLAND WOOD, Esq., Barrister-at-Law. 12mo. 1876. 5s. TRAMWAYS.— Palmer. — Fwje " Conveyancing." Sutton's Tramway Aets. — The Tramway Acts of the United Kingdom, with Notes on the Law and Practice, and an Appendix containing the Standing Orders of Parliament, Kides of the Board of Trade relating to Tramways, and Decisions of the Referees with respect to Locus Standi. By HBNEY SUTTON, B.A., of Lincoln's Iim, Barrister-at-Law. Post 8vo. 1874. 12s. TRUSTS AND TRUSTEES— Godefroi's Digest of the PHneiples of thie La-w of Trusts and Trus- tees.— By HENRY GODEFROI, of Lincoln's Inn, Esq., Barrister-at-Law. Joint Author of " Godefroi and Shortt's Law of Railway Companies." Demy 8vo. 1879. 11. Is. ''Is a work of great utility to the practitioner." — Law Magazine, February, 1879. " As a digest of the law, Mr. Godefroi's work merits oommendation, for the author's statoments are brief and clear, and for his statements he refers to a goodly an'ay of authorities. In the table of cases the references to the several contemporaneous reports are given, and there is a very copious Index to subjects." — Law Journal. USES.— Jones ("W. Hanbury) on Uses.— 8vo. 1862. 7«. VENDORS AND PURCHASERS.— Dart's Vendors and Pur- chasers. — ^A Treatise on the Law and Practice relating to Ven- dors and Purchasers of Real Estate. By J. HENKY DART, of Lincoln's Inn, Esq., one of the Six Conveyancing Counsel of the High Court of Justice, Chancery Division. Fifth Edition. By the AUTHOR and WILLIAM BARBER, of Lincoln'^ Inn, Esq., Barrister-at-Law. 2 vols. Royal 8vo. 1876. 31. 13s. 6d. " A standard work like Mr, Dart's is beyond all praise." — Site Law Journal. WATERS.— "Woolrych on the Law of "Waters.— Including Rights in the Sea, Rivers, Canals, &c. Second Edition. 8vo. 1851. Goddard. — Vide "Easements." Net, 10s. WATERWORKS— Palmer.— Fide " Conveyancing." WILLS,— Montriou.— Kirfe " Indian Law." RaAArllnson's Guide to Solicitors on taking In- structions for "Wills. — 8vo. 1874. 4s. Theobald's Concise Treatise on the Construc- tion of "W^ills.— With Table of Cases and Full Index. By H. S. I'HEOBALD, of the Inner Temple, Esq., Barrister-at-Law, and FeUow of Wadham College, Oxford. Sto. 1876. 11. "Mr. Theobald has certainly given jevidence of extensive iuTestigatiou, conscientious labour, and clear exposition." — Lau> Magazine, May, 1877. "We desire to record our decided impression, after a somewhat careful examination, thai t^ is a book of great abUiiy and value. It bears on every page traces of care and sound judgment. It is certain to prove of great practical usefmness, for it supplies a want which was beginning to be distinctly felt." — SolicUm-s* Journal, February 24, 1877. "His arrangement being good, and his statement of the effect of the decisions bein^' clear, his work cannot fail to be of practical utility, and as such wo can commend it to the atteintlon of the jirqtesslon."— iaio Kmee, December ZS, 1876. ^' It is remarkably well arranged, ioid its contents embrace all the principal heads ou the subject." — LawJ^vrtu^l, February 3, 1877. WRONGS.- rfe "Torts." STB"\rENS & SONS, 119, CHANCERY LANE, LONDON, W.C. Digitized by Microsoft® STEVENS AND SONS, 119, CHANCERY LANE, LONDON. Eatiinates for new or second-hand Reports on application. All Binding executed in the best manner at tnoderate prices arid with dispatch. The Law Reports, Law Journal, and all other Reports, bound to Office Patterns, at Office Prices. The Publishers of this Catalogue possess the largest known collection of Prvuate Acts of Parlia- ment {includmg Public and Local), a/nd can supply single copies commencing from a very early period. -V^XiTJJSLTIOISrS. 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