In general1, trustees of land2 have in relation to the land subject to the trust the powers of an absolute owner3, which include the power to mortgage, save in so far as provision to the effect that they do not apply is made by the disposition creating the trust4. Such powers may not be exercised in contravention of any enactment or any rule of law or equity, or any order made in pursuance of any such enactment or rule
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