LawgistThe Transfer of Property Act
77Receipts in lieu of interests
Nothing in section 76, clauses (b), (d), (g) and (h), applies to cases where there is a contract between the mortgagee and the mortgagor that the receipts from the mortgaged property shall, so long as the mortgagee is in possession of the property, be taken in lieu of interest on the principal money, or in lieu of such interest and defined portions of the principal.
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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- 74 [Repealed.]
- 75 [Repealed.]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
