South Australian Current Acts South Australian Current Acts (1) Notwithstanding
any covenant to the contrary, a mortgagee shall be deemed to have covenanted
with the mortgagor that where the mortgagee makes demand of any amount in
pursuance of the mortgage, he will at the request of the mortgagor, supply him
with reasonable particulars of how the amount of the demand is arrived at.
(2) Where a mortgage
is entered into after the commencement of the Law of Property Act Amendment
Act 1972 and a covenant collateral to the mortgage is made between the
mortgagor and mortgagee, the collateral covenant shall have no further force
or effect upon extinguishment of the mortgage debt.
(3) Any covenant by
which a mortgagee might enforce a personal right to the repayment of a debt
secured by a mortgage after and without re-opening the foreclosure of the
mortgage is invalid.