195. Proviso for cesser or discharge.

In a legal mortgage by demise1, the former proviso for redemption2 has been replaced by a proviso for cesser. This provides that if the mortgagor on a given day pays to the mortgagee the debt and interest the mortgage term is to cease3. In the case of a legal charge4 there is a similar proviso that on payment on the given day the mortgagee will duly discharge the security. Since in the former case the term ceases and in the latter case the legal charge is discharged by payment, the proviso for cesser and the proviso for discharge are

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