264. Effect of possession of title deeds.

A first legal mortgagee has the same right to possession of the title deeds of the mortgaged property as if his security either included the fee simple or had been effected by assignment1. The Law of Property Act 1925 does not prejudicially affect the right or interest of any person arising out of or consequent on the possession by him of any documents relating to a legal estate in land2; and neither the Law of Property Act 1925, the Land Charges Act 1972 nor the Local Land Charges Act 1975 directly interferes with the general rule that possession of