The security may be given to cover future advances whether in addition to an immediate advance or not, or to cover a current account, or to cover present or future liabilities1. A security for advances will generally, if the surrounding circumstances favour the construction, include past as well as future advances2. A charge on a policy of insurance for notes cashed may cover the balance due at the mortgagor's death3, but a security to cover the mortgagor's liabilities to the mortgagee refers only to direct liabilities and does not include liability on
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234