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  • Accession to mortgaged property Accession acquired in virtue of transferred ownership


    : Accession to mortgaged property Accession acquired in virtue of transferred ownership

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  • About :: Where mortgaged property in possession of the mortgagee has, during the continuance of the mortgage, received any accession, the mort- gagor, upon redemption, shall, in the absence of a contract to the contrary, be entitled as against the mortgagee to such acc ssion. 1. Ins. by Act 20 of 1929, s. 22. 2. Sections 60A and 60B ins. by s. 23, ibid. 3. Subs. by s. 24, ibid., for s. 61. 4. Ins. by s. 25, ibid. 5. Subs. by s. 25, ibid., for the interest of the principal money. 6. Subs. by s. 25, ibid., for the principal money. 26 Accession acquired in virtue of transferred ownership.?Where such accession has been acquired at the expense of the mortgagee, and is capable of separate possession or enjoyment without detriment to the principal property, the mortgagor desiring to take the accession must pay to the mortgagee the expense of acquiring it. If such separate possession or enjoyment is not possible, the accession must be delivered with the