Subject to
section 15(10) of the Land Administration Act 1997 and section 32(3)(b) of
the Contaminated Sites Act 2003 , upon the registration of any transfer
signed by a mortgagee or annuitant or his transferees for the purpose of such
sale as aforesaid the estate and interest of the mortgagor or grantor in the
land therein described at the time of the registration of the mortgage or
charge or which he was then entitled or able to transfer or dispose of under
any power of appointment or disposition or under any power herein contained
shall pass to and vest in the purchaser freed and discharged from all
liability on account of such mortgage or charge and of any mortgage charge or
encumbrance registered subsequent thereto excepting a lease, carbon right,
carbon covenant, plantation interest or grant of easement to which the
mortgagee or annuitant or his transferees shall have consented in writing and
the purchaser when registered as the proprietor shall be deemed a transferee
of such land and the Registrar may either register the purchaser as the
proprietor of the land on the existing certificate of title or create and
register a new certificate of title in the purchaser’s name as
proprietor of the land.
[Section 110 amended: No. 17 of 1950 s. 27; No. 81
of 1996 s. 67; No. 31 of 1997 s. 112; No. 56 of 2003 s. 15; No. 60 of 2003
s. 100.]