LawgistThe Transfer of Property Act
70Accession to mortgaged property
If, after the date of a mortgage, any accession is made to the mortgaged property, the mortgagee, in the absence of a contract to the co ntrary, shall, for the purposes of the security, be entitled to such accession.
Illustrations
(a) A mortgages to B a certain field bordering on a river. The field is increased by alluvion. For the purposes of his security, B is entitled to the increase.
(b) A mortgages a certain plot of building land to B and afterwards erects a house on the plot. For the purposes of his security, B is entitled to the house as well as the plot.
Download our fully-offline, High speed android app.- Click here
Rights and liabilities of Mortgagee
- 67 Right to foreclosure or sale
- 67A Mortgagee when bound to bring one suit on several mortgages
- 68 Right to sue for mortgage-money
- 69 Power of sale when valid
- 69A Appointment of receiver
- 70 Accession to mortgaged property
- 71 Renewal of mortgaged lease
- 72 Rights of mortgagee in possession
- 73 Right to proceeds of revenue sale or compensation on acquisition
- 74 [Repealed.]
- 75 [Repealed.]
- 76 Liabilities of mortgagee in possession
- 77 Receipts in lieu of interests
