Section 51 Mortgage and Property Law of Lagos State

Section 51 of the Mortgage and Property Law of Lagos State 2010 is about Joint and several implied covenants. It provides as follows:

In a deed of statutory mortgage, or of statutory transfer mortgage, where two or more persons are expressed to conveyor charge as mortgagors, or to
join as covenant by the implied covenant on their part shall be deemed to a joint and several covenant by them; and where there are two or more mortgagees or more transferees, the implied covenant with them shall be deemed to be a
covenant with them jointly, unless the amount secured is expressed to be secured to them in shares or distinct sums in which latter case the implied
covenant with them shall be deemed to be a covenant with each severally in respect of the share or distinct sum secured to him.

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