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 a
limited interest in the equity of redemption to require a mortgage to be kept alive by transfer or otherwise, a mortgage term shall, when the money secured by the
mortgage has been discharged, become a satisfied term and shall cease.