127. Power of owners to mortgage their property.

An absolute owner of property who is not under any incapacity1, in exercise of the plenary powers of alienation with which the law invests an absolute owner may mortgage the property2. Further, a registered3 proprietor4 is entitled to exercise owner's powers in relation to a registered estate or charge5: in relation to a registered estate these powers consist of power to make a disposition of any kind permitted by the general law in relation to an interest of that description, other than a mortgage by demise or sub-demise