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…

Section 127 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 127 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Application of proceeds of sale. It provides as follows: The money which is received by the mortgagee, arising from the sale, afterdischarge of prior incumbrances…

Section 126 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 126 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Conveyance on sale. It provides as follows: (1) A mortgagee exercising the power of sale conferred by this Law, shall havepower, by deed, to convey…

Section 125 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 125 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Regulation of exercise of power of sale. It provides as follows: A mortgagee shall not exercise the power of sale conferred by this Law unlessand…

Section 124 Property and Conveyancing Law of the Western Region of Nigeria 1959 Section 124 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Provision as to mortgages of undivided shares in land. It provides as follows: (1) A person who was before the commencement of this law, a…