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Effect of acquisition of fee simple on mortgages.
[New in pt. cf. 1967, s.6 (2)]
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29.—Upon conveyance of the fee simple in land, under this Act or otherwise, to a person whose previous interest in the land was subject to a mortgage or charge (including a mortgage by subdemise) the mortgage or charge shall, if it has not been extinguished, be deemed to be a mortgage or charge on the fee simple in the land.
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