The main provisions of a legal mortgage are:
(1) a covenant to pay the principal debt and interest on a given date1;
(2) a covenant to pay interest in the event of default in payment of the principal on the day named2;
(3) the demise or sub-demise of, or the charge by way of legal mortgage on, the mortgaged property3;
(4) the proviso for cesser4; and
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