146. General statutory power of tenant for life to mortgage.

Every person who is a tenant for life1 has powers of executing legal mortgages of the settled land for certain purposes2. Where there is no tenant for life, or during the minority of the tenant for life, the trustees of the settlement may exercise the statutory powers3. The tenant for life is given powers to shift incumbrances4 and to vary the provisions of an incumbrance and to charge by way of additional security5. The statutory power to mortgage is not capable of restriction6