Section 137 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 137 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Forms of statutory legal charges. It provides as follows: (1) As a special form of charge by way of legal mortgage, a mortgage offreehold or…

Section 136 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 136 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Cesser of mortgage terms. It provides as follows: Without prejudice to the right of a tenant for life or other person having only alimited interest…

Section 135 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 135 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Reconveyances of mortgages by endorsed receipts. It provides as follows: (1) A receipt endorsed on, written at the foot of, or annexed to, a mortgage…

Section 134 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 134 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Transfers of mortgages. It provides as follows: (1) A deed executed by a mortgagee purporting to transfer his mortgage or thebenefit thereof shall, unless a…

Section 133 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 133 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Notice of trusts affecting mortgage debts. It provides as follows: (1) A person dealing in good faith with a mortgagee, or with the mortgagor ifthe…

Section 132 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 132 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Effect of advance on joint account. It provides as follows: (1) Where(a) in a mortgage, or an obligation for payment of money, or a transfer…

Section 131 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 131 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Appointment, powers, remuneration and duties of receiver. It provides as follows: (1) A mortgagee entitled to appoint a receiver under the power in that behalfconferred…

Section 130 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 130 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Amount and application of insurance money. It provides as follows: (1) The amount of an insurance effected by a mortgagee against loss or damageby fire…

Section 129 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 129 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Mortgagee’s receipts, discharges, etc. It provides as follows: (1) The receipt in writing of a mortgagee shall be a sufficient discharge for anymoney arising under…

Section 128 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 128 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Provisions as to exercise of power of sale. It provides as follows: (1) The power of sale conferred by this Law, may be exercised by…