Where a registered mortgage is discharged, the registrar
shall, on the production of the mortgage deed with a receipt for the mortgage money endorsed
thereon, duly signed and attested, make an entry in the register book to the effect that the mortgage has been discharged, and on that entry being made the estate, if any, which passed to the mortgagee
shall vest in the person in whom (having regard to intervening acts and circumstances, if any) it would
have vested, if the mortgage had not been made.
advertisement