Mortgages of mineral property generally contain provisions similar to those inserted in mortgages of other descriptions of property of the like tenure1. However, owing to the wasting nature of the property, it is usual to provide for the repayment by instalments of the sum advanced2, or by the creation of a sinking fund3. It is also desirable to provide that, in case of default, the mortgagee may enter upon the property and work the mine and make all proper expenditure for that purpose4.
**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