Oak Street UNCLASSIFIED / THE CONVEYANCING ACTS T881-1882 & cL AND CHE MARRIED WOMEN’S PROPERTY ACT, 1882. WITH NOTES FORMS AND PRECEDENTS SECC YP WOLSTRNTOLME SRO. TURNER THIRD BDITION ¢ f GEREE GREE é P An 6 A fF FAB A . >»: } (VERO A \\ oe \ mY ' { i a a BY bel } ie rye fA Vi 28 oe ~ - a oe a “EE YY Ey ARE ABRARY Wen aN Ly fl AD NaN ahah eed J) “Founded > 1863 7 — Opened | a ae Shelf. SKO_ Gilmour &Dema lath Glesgow. : % ae bed 3.0711 99881 9940 — aur i, a \ t AR K c R TAF < aes Ne -_™ N\A, = . Med Bas arn See + martes THE CONVEYANCING ACTS, 1881, 1882, AND THE VENDOR AND PURCHASER ACT, 1874, WITH NOTES; AND FORMS AND PRECEDENTS ADAPTED FOR USE UNDER THE ACTS; ALSO THE MARRIED WOMEN’S PROPERTY ACT, 1882, AND RULES OF COURT. BY EDWARD PARKER WOLSTENHOLME, M.A., OF LINCOLN’S INN, BARRISTER, ONE OF THE CONVEYANCING COUNSEL OF THE COURT 5 AND RICHARD OTTAWAY TURNER, M.A., OF LINCOLN’S INN, BARRISTER, THIRD EDITION. ” . be London: WILLIAM CLOWES AND SONS, Lirtep, 27 FLEET STREET. 1883. | h & i A Ad ry ¢ “1 J pecesvesveseseessessee LONDON : PRINTED BY WILLIAM CLOWES AND SONS, LIMITED, STAMFORD STREKT AND CHARING CROSS. TO THE RIGHT HONOURABLE HUGH McCALMONT EARL CAIRNS THIS WORK IS RESPECTFULLY Hedicated BY THE AUTHORS. PREFACE TO THE FIRST EDITION: —!eor— In February, 1880, Earl Cairns, then Lord Chancellor, introduced in the House of Lords Bills for three Acts, of which the short titles were to be The Settled Land Act, 1880, The Conveyancing and Law of Property Act, 1880, and The Solicitors Remuneration Act, 1880. The Bills were read a second time in March: but the disso- lution of Parliament in the same month stopped their further progress. On the assembling of the new Parliament in May, 1880, the three Bills, with improvements, were again introduced in the House of Lords by Lord Cairns (who had then ceased to be Lord Chancellor), and were passed through that House and sent down to the House of Commons, but there dropped. Finally, in January, 1881, the three Bills, with further improvements, were re-introduced by Lord Cairns; and they again, with amendments, passed the House of Lords and went down to the House of Commons, which they reached in February. The Remuneration Bill passed the Commons, with further amendments, and was sent back to the Lords in July. In the meantime the other two Bills had made no progress beyond second reading, except that on the 4th of April the Conveyancing Bill was re- ferred to a Select Committee; but the new Liberal Government being hostile to the Settled Land Bill, and treating the Conveyancing bill as part of the same scheme, the appointment of the Committee was not proceeded with. It was not till July, that (through the vl PREFACE. intervention, as it is believed, of Mr. H. H. Fowler, the Liberal Member for Wolverhampton and a member of firms of solicitors practising in London and Wolver- hampton) the Government became informed that the Conveyancing Bill could be treated as distinct from the Settled Land Bill; and on the 6th of July a Select Com- mittee was allowed to be nominated. The Committee, which included several leading Queen’s Counsel of the Chancery Bar, besides the Judge Advocate-General and the Attorney-General, and Solicitors of considerable experience, met for the first time to transact business on the 19th of July, and took a favourable view of the Bill; but the time left for considering the Bill was so short that in order to enable it to pass, several clauses not immediately approved by different members of the Com- mittee, or considered likely to give rise to opposition in the House, were struck out. The Bill, as amended by the Select Committee, was returned in August to the Lords, and the amendments were agreed to, after a protest by Lord Cairns against the omission of some clauses, par- ticularly that abolishing acknowledgments by married women, the special object of which was to reduce the cost of title and conveyance. The Conveyancing Bill and Remuneration Bill received the royal assent on the same day, August 22nd. The Settled Land Bill was not allowed to go before a Committee. The Settled Land Bill not having passed (a), settlements of land, whether made by deed or by will, must, if com- plete, still continue of the same length as heretofore. All other documents (except leases, which, on account of their special provisions, cannot be materially reduced in length) may, by the effect of the Conveyancing Act, be brought within comparatively small dimensions. Deeds may be written bookwise with plans interleaved, and supplemental deeds may be annexed to or bound up with (a) This Bill has been passed since this preface was written. PREFACE. vil them. The title to an estate can thus be formed into a fairly readable volume of moderate size. The deeds will contain little more than the necessary operative parts, copies may take the place of abstracts, and in many cases it may answer to print deeds. These changes involve some alteration in the mode of fixing the re- muneration of Solicitors, which can no longer be made to depend merely on the length of documents. The Remuneration Act is therefore a necessary companion to the Conveyancing Act. According to amendments made during the progress of the Remuneration Bill, but not originating with Lord Cairns, the body empowered to make Orders under the Act consists of the Lord Chancellor, the Lord Chief Justice of England, the Master of the Rolls, and two Solicitors. Perhaps it may occur to some reader to ask how it has happened that, in a matter vitally affecting the interests of a large proportion of the members of the Bar, Solicitors, and Solicitors alone, are associated with these three Judges. ‘The answer is plain. The Bar, unlike the profession of Solicitors, is unorganized ; its members have no representative body competent and ready to watch legislative proposals affecting them and to guard their professional rights. The Bar is indeed con- stituted into three large societies and one smaller society ; but all these societies are entirely under the control of a small section of the members, namely, the Masters of the Bench, who are self-elected, and are, with very few exceptions, chosen from one small class exclusively, namely, members of the Inner Bar. At Lincoln’s Inn the rule is that no member of the Outer Bar is ever admitted a Bencher (a). But more than this, nearly (a) There seem of late years to have been only two exceptions, namely, Lord Macaulay and Lord Eversley. Lord Macaulay had long ceased to have more than a nominal connection with the Bar, and it does not appear by the Law List that Lord Eversley is a member of Vill PREFACE. one-third of the Benchers of Lincoln’s Inn have retired from all active practice of the profession. At the other Inns the proportion of Benchers who have retired is somewhat less, and the Outer Bar is not absolutely excluded (a). The most active and prominent members of each Bench, being Queen’s Counsel in large practice, have little or no time to spare from their heavy work, and it almost necessarily follows that the direction of affairs falls into the hands of those who have leisure and but little acquaintance with the wants and feelings of the great body of the Profession. It is not surprising therefore that:the humbler and more numerous members of the Bar, whose involuntary contributions largely support these four societies, should feel that their material interests are neglected. The time has surely come when an organization adapted to modern exigencies should be established. Other professions of not greater importance have within recent years organized themselves under Royal Charters and Acts of Parliament. Why should not a Bar Association be constituted under public autho- rity, with a governing body truly representative of the Profession, empowered to enforce discipline, to settle authoritatively all matters affecting the practice of the Bar, and generally to keep watch over the interests of the Bar. The late V.-C. Wickens was treated as ineligible till he became a Judge. If none but Judges and Queen’s Counsel are elected, and if all Judges and Queen’s Counsel are elected sooner or later, the Bar, which prides itself on its independence, is, at least at Lincoln’s Inn, governed by nominees of the Crown. (a) The reader is referred to an interesting paper by the late Mr, Edward Webster On Promotion at the English Bar, Juridical Soe. Papers, vol. ii. p. 475 (1862), from which it appears (p. 485, n.) that in 1799 the number of Crown Counsel was only fifteen. The majority of the Benchers must then have been of the Outer Bar. The number of Queen’s Counsel is-now one hundred and eighty-seven. If, con- sequent on the extinction of Serjeants’ Inn, all the Judges of the Queen’s Bench Division are to be Benchers, they will displace a corresponding number of members of the Bar. PREFACE. 1X the members? With such a body in existence, the Remuneration Act would hardly have passed in its present form. But there are further trials for the Profession in pros- pect. If the Orders made under the Remuneration Act provide for an ad valorem payment, covering all but very exceptional charges, as is now the rule in Scotland, the fees (Gf any) to Counsel must be paid by the Solicitor out of his own pocket, and will bear no fixed proportion to his own remuneration. The result must be that, unless some special difficulty arises, Counsel will never be consulted, and the Conveyancing branch of the Profession will practically cease to exist. When to this it is added that pleadings no longer require to be signed by Counsel, and can be, and are, drawn by Solicitors ; that already a very large proportion of the business, in- cluding even more or less of the contentious business, in actions, is transacted in the Judges’ Chambers by Solicitors or their clerks; and that the abolition of written or printed pleadings seems imminent,—the business of the Outer Bar is likely soon to be reduced to that of the Advocate alone. There would then remain no means by which the student could learn either the business of conveyancing or the practical conduct of an action, except in a Solicitor’s office. The claim of Solicitors to be admitted to the Bar, immediately on ceasing to practise as Solicitors, must then be conceded, and the two professions would be practically amalgamated. In the end the public might benefit. Young men, after prac- tising as Solicitors, would come to the Bar more or less trained in the conduct of litigation, having done useful work, received pay and gained experience, during years when, if commencing their work at the Bar, they might have remained without income or the means of properly learning their business. The Bar ought not to oppose any obstacle in the way x PREFACE. of reforms required for the benefit of the public, but they are entitled to use all legitimate means in order to prevent unnecessary prejudice to their Profession by the great changes that seem inevitable. To meet effectively on the part of the Bar these changes, it is clear some- thing more is wanted than government by Masters of the Bench, who have little present interest of a material kind in what concerns the mass of the Profession. What immediately presses is the position of those whose busi- ness is wholly or mainly conveyancing. If anything is to be done, it would seem that they must act for them-. selves, and promptly. Lincoun’s Inv, December, 1881. PREFACE DOME ie) EER D. BDI LON ee Oe THe Bill for the Conveyancing Act, 1882, when intro- duced in the House of Lords, contained the clauses of the Bill of 1881 which had been struck out by the Committee of the House of Commons, and also con- tained two amending clauses relating to mortgages and long terms (now ss. 11 and 12 of the Act). The Bill in this form was sent down to the House of Commons, where two clauses (ss. 5 and 6 of the Act) were added in Committee. Upon representations made by several Law Societies that it was inexpedient to remove the protection afforded to married women by the ceremony of acknowledgment, a new clause (now s. 7 of the Act) retaining acknow- ledgment in a more simple form was, in the Committee of the House of Commons, substituted for the original clause, which would have enabled a married woman to deal with all her real and personal estate without that ceremony. ‘The Married Women’s Property Bill, which without any express reference to acknowledgment, prac- tically abolishes it, to a great extent at once, and after a few years wholly, seems to have escaped notice. The result is, that as regards some kinds of property, three different laws are now applicable to a married woman, according as the acquisition of her property is under an instrument (1) dated before 1858, or (2) dated after 1857 (see 20 & 21 Vict. c. 57), and before 1883 if she was married before 1883, or (3) dated after 1882. xll PREFACE. Also two different laws are applicable to the same woman married before 1883 as to her property acquired under an instrument (1) dated before 1883, and (2) dated after 1882, so that she may dispose as if unmarried of property acquired on the 1st January, 1883, which, had it been acquired on the day previous, she could not have dealt with without the ceremony of acknowledgment, at the cost of £2 10s. as now fixed by the Solicitors’ Remuneration Order. This complication would have been prevented if the original clause in the Conveyancing Bill of 1882 had been allowed to stand. The Married Women’s Property Act, 1882, has been included in this edition, as having a very important bearing on the preparation of all documents to be executed by married women. The Solicitors’ Remunera- tion Act, 1881, is omitted. An order has been made under it, taking effect from the commencement of the year 1885, and it has ceased now to have any interest except to those concerned in the question of costs. Rule 4 of the Order recognises the right of a solicitor to obtain the assistance of counsel in proper cases, and the solicitor is not compelled to pay out of his own pocket the fees of any counsel whose assistance he may require, as seemed contemplated by a form of order first proposed. It is believed that the only action taken in the interests of the Junior Bar with reference to the form of order so proposed, by which they would have been seriously affected, without any benefit, perhaps even at some loss, to the Public, was taken by a private Society of Conveyancing Counsel. Lincoun’s Inn, March, 1888. TABLE OF CONTENTS. ena Ome PART I. CHAPTER I. SECT. I GENERAL Errect or V. & P. A., THEC. A., & C. A. soa ON NSERUMENTSO0 en nest mee? aces eh > be 1-5 SECT. 2. GENERAL Erect or M. W. P. A. on INSTRUMENTS ., 6-10 CHAPTER IL. Tne VENDOR AND Purcuaser Act, 1874.. .. « 11-15 SECT. 1. Forty years substituted for sixty as the root of TLIC pests gee 11 2. Rules for reruienne astuestiin ial Fate of vendor and purchaser .... . 11-13 3. ‘Trustees may sell, &c., oewitietantine maleate 13 4. Legal personal representative may convey legal estate of mortgaged property... 6. ws ae ab, 5. Bare legal estate in fee simple to vest in executor or administrator .. 4. * ab. 6. Married woman who is a tre Practes may con- VOVs O00." Se eae 14 7. Protection and priority by y lead ne ae fobs not to be allowed Pe gist ab. 8. Non-registration of will in ebelejgoe el pare in certain cases es : 14, 15 9. Vendor or purchaser may sarees seuen of rie in chambers as to requisitions or objections, OME PEDSE LAUT OlCue fe sns spt l eek don ains 15 10. Extent of Act Pee Se a ee ae kk ts ab. X1V TABLE OF CONTENTS. GHA ULL. SECT. CoNVEYANCING AND Law or Property Act, 1881 .. ey ae 8. 9. I.—PRELIMINARY. Short title; commencement; extent.. . Interpretation of property, land, &c. II.—SALES AND OTHER TRANSACTIONS. Contracts for Sale. . Application of stated conditions of sale to all purchases .. . Completion of contract after death Discharge of Incumbrances on Sale. . Provision by Court for incumbrances, and sale freed therefrom General Words. . General words in conveyances of land, build- ings, or manor Covenants for Title . Covenants for title to be implied: (A) On conveyance for value by beneficial owner, pp. 32-34; also (B) on conveyance of lease- holds for value by beneficial owner, p. 35. (C) On mortgage by beneficial owner, p. 35- 37; also (D) on mortgage of leaseholds by beneficial owner, p. 37. (4) On settlement, p. 38. (#) On conveyance by trustee or mort- gagee, p. 38. Execution of Purchase Deed. Rights of purchaser. as to execution .. Production and Safe Custody of Title Deeds. Acknowledgment of right to production, and undertaking for safe custody of documents .. PAGE 16-129 16 16-19 19-23 23, 24 25, 26 28-29 30—42 42-46 SECT. 10. 11. 12. 13. 14. 15. 16. ile 18. 19. 20. OAR BX 23. 24. ‘25: TABLE OF CONTENTS. ITJ.—L&Asss. Rent and benefit of lessee’s covenants to run with reversion .. ene a: : Obligation of lessor’s aan: to run venti reversion .. Ce ae ene: Apportionment of caaahiatant on severance, &c. On sub-demise, title to leasehold reversion not to be required .. Forfeiture. Restrictions on and relief against forfeiture of leases .. TV.—MortTGaAGEs. Obligation on mortgagee to transfer instead of re-conveying Power for mortgagor a enenect file gers Restriction on consolidation of mortgages Leases. Leasing powers of mortgagor and of mortgagee in possession Sale ;. Insurance; Receiver ; Timber. Powers incident to estate or interest of mort- gagee .. Regulation of exercise fh sone Ae Conveyance, receipt, &c. on sale Mortgagee’s receipts, discharges &c. Amount and application of insurance money .. Appointment, powers, remuneration, and duties of receiver Action respecting Mortgage. Sale of mortgaged property in action for fore- closure, &c. o1—54 55, 56 56, 57 o7 58-61 63-65 65, 66 66-68 69 69, 70 70-72 XVl 30. 39. 40. 41. 42. 43. 44, 45. TABLE OF CONTENTS. V.—STATUTORY MorRTGAGE. . Form of statutory mortgage in schedule .. . Forms of statutory transfer of mane in schedule . Implied covenants, bays ith sadeualk: . Form of re-conveyance of statutory mortgage in schedule ViI.—Trust anp Mortcace Esrates oN DEATH. Devolution of trust and mortgage estates on death .. VII.—TrRustTEEs AND EXECUTORS. . Appointment of new trustees, vesting of trust property, &ec. . Retirement of trustee .. . Powers of new trustee eppOnted| by Mone . Vesting of trust property in new or continuing trustees . Power for trustees for “ah i sek by wuotion we . Trustees receipts .. . Power for executors and sees: to eiitanute &e. . Powers ie a or more napteat nes or eines VIII.—Marriep WomMEN. Power for court to bind interest of married woman < Power of attorney af merce woman ITX.—INFANTS. Sales and leases on behalf of infant owner Management of land and receipt and application of income during minority Ms Application by trustees of income of ame of infant for maintenance, &c. : = X.—RENTCHARGES AND OTHER ANNUAL Sums. Remedies for recovery of annual sums charged on land ‘2 Redemption of quitrents ar men Prerpettal charges on PAGE 74, 75 75, 76 76 yb 77, 78 80-82 83 ib. 84-86 86 86, 87 87, 88 88 ab. 89 tb. 90-94 94, 95 96, 97 97, 98 TABLE OF CONTENTS. xv XJI.—Powers or ATTORNEY. SECT. PAGE 46. Execution under power of attorney ... : 99 47. Payment by attorney under power ero notice of death, &c. good paar eit Ih eetoo; 100 48. Deposit of original instruments creating powers of attorney has were te he lOO 10) 66. Gf. 68. XII.—Construcrion AND Errect oF DEEDS AND OTHER INSTRUMENTS. . Use of word grant unnecessary .. .. .. .. 101 . Conveyance by a person to himself, &e. .. .. 101, 102 - Words of limitation in fee or in tail... .. .. 102 . Powers simply collateral’ 4) #19 . 102,103 . Construction of supplemental or erneeee ideed 103 . Receipt in deed sufficient .... 103, 104 . Receipt in deed or indorsed, Peer for Sats sequent purchaser .._.. - 104 . Receipt in deed or indorsed, Aiiicas: ers pay- ment to solicitor .... wes ab. . Sufficiency of forms in Fourth Saiteduls Bae, no 105 . Covenants to bind heirs, &e. eh ahah fos sina 106 . Covenants to extend to heirs, &ce. .. .. .. 107 . Effect of covenant with two or more jointly .. 107,108 . Effect of advance on joint account, &. .. .. 108,109 . Grants of easements, &c. by way of use .. .. 109, 110 . Provision for all the estate, &c... .. .. .. 110 Construction of implied covenants .. .... 111] XI1I.—Lone TErRMs. . Enlargement of residue of long term into fee simple Peat Meee Me eg et es ee LL IS116 XIV.—ApDopTION or AcT. Protection of solicitors and trustees adopting Act 115, 116 X V.—MISCELLANEOUS. Regulations respecting notice .. .. .. .. 116,117 Short titlerot ome 6 Wilk 4.¢.62 ~.. 2°. Wis b XVlll TABLE OF CONTENTS. XVI.—CourtT; ProceDURE; ORDERS. SECT. PAGE 69. Regulations respecting payments into Court and applications’) “.° "=. ely)... “eee 70. Orders of Court conclusive... .. .. «. « 118,119 X VII.—REPEALS. 71. Repeal of enactments in Part III. of Second Schedule ; restriction on all repeals .. .. 119, 120 X VIII.—IRELAnp. 72. Modifications respecting Ireland Lt ee ae 120 73. Death of bare trustee intestate, &c. .. .. .. 121 SOHEDULES. +++ m,)me = etet rns ecispeeel) Geen aca mle cmennett CHAPTER IV. Conveyancine Act, 1882 sien ad “byrecl Po ke ck eae Preliminary. 1. Short titles ; commencement; extent ; interpre- tation 0.0 °°" ae ee ae aoe) a Searches. 2. Official negative and other certificates of searches for judgments, Crown debts, &. .. .. .. 181-133 Notice. 3. Restriction on constructive notice .. .. .. 136 Leases. 4. Contract for lease not part of title to lease... 137 Separate Trustees. 5. Appointment of separate sets of trustees .. .. ab. Powers. 6. Disclaimer of power by trustees ieee be 138 Married Women. 7. Acknowledgment .of deeds by married women 138-140 TABLE OF CONTENTS. xix Powers of Attorney. PAGE 8. Effect of power of attorney, for value, made absolutely irrevocable... .. . 141, 142 9. Effect of power of attorney, for atic or noe made irrevocable for fixed time .. .. .. 142, 143 Executory Limitations. 10. Restriction on executory limitations hay 143 Long Terms. 11. Amendment of enactment respecting long terms 144 Mortgages. 12. Reconveyance on mortgage cavern, wl 44, 145 Saving. 13. Restriction on repealsin this Act ...... 145 Seki Lime men riko «|. Sale) ots lc Se a 146 CHAPTER V. Marriep WoMEN’s Property Act, 1882... .. ., 147-163 1. Married woman to be capable of holding pro- perty and of contracting asa feme sole .. 147-149 2. Property of a woman married after the Act to be held by her as a feme sole peadeetyy We 149 oe lucans by wite to husband: wy) (meee cei oad D495 150 4. Execution of general power geet s 150 5. Property acquired after the Act ie a woman married before the Act to be held by her as a feme sole ae. al be ea ee tb. 6. As to stock, &c., to at oer a diy getiot woman is Cnsitledeee se <3 we ee weer ee LOU, Ly 7. As to stock, &c. to be ‘a ER fn to a mar- ried woman ... ; : ! mL DL alod 8. Investments in ssn iit names Ree ees women and others nae YK : : eee Loe los 9. As to stock, &c. standing in ihe ‘afin names of a married woman and others ‘f boa 10. Fraudulent investments with money of aarindl 153, 154 11. Moneys payable under policy of insurance not to form part of estate of the insured .,., 154, 155 ax Pa; 15. 14. 15. 16. Li. 18. 1. 20. 21. 22. 23. 24. 25. 26. 27. TABLE -OF CONTENTS. PAGE Remedies of married woman for protection and security of separate property We Wife’s ante-nuptial debts and liabilities .. .. 157, 158 Husband to be liable for his wife’s debts con- tracted before marriage to a certain extent 158 Suits for ante-nuptial labilities os we LO Act of wife liable to criminal proceedings __.. 159 Questions between husband and wife as to pro- perty to be decided in asummary way _..._ 159, 160 Married woman as an executrix or trustee .. 160, 161 Saving of existing settlements, and the power to make future settlements .... 161 Married woman to be liable to the atin for the maintenance of her husband ...._.. 162 Married woman to be liable to the parish for the maintenance of her children .._.. 162 Repeal of 33 & 34 Vict. c. 93; 37 & 38 Vict. G00 Be mais a4 SAE) so pee eee ab. Legal pera nina of mreeried woman .. .. 163 Interpretation of terms A ) he eee red ib. Commencement of Act aioaN nie, wee ts tr ib. Extent of Act ey eee ee ab. Shorttitle OP sn se ee ab. CHAPTER VI. RULES OF THE SUPREME CouRT .. . . . .« 164-178 TABLE OF CONTENTS. xxl PART sit: FORMS. CHAPTER I.—CONTRACTS FOR SALE GENERALLY Fe eee et ace ti LOL CHAPTER IJ.—AGREEMENT FOR SALE BY PeVe Cor GON DCA C Tener one) ae. 122-185 CHAPTER III.—CONDITIONS OF SALE. Sect. 1.—Orpinary CoNnDITIONS OF SALE BY AUCTION 186-189 Sect. 2.—SpPECIAL CONDITIONS OF SALE ee ee 89-908 SEcT. 3.—SPECIAL CONDITIONS APPLICABLE TO SALES UNDER THE CouRT Denese om ae shee Siyel'is ORR O0> See also Inpex or Forms. (1.) Conditions implied by statute. (II.) Conditions expressed in contract. CHAPTER IV.—FORMS IN DEEDS AND WILLS. Sect. 1.—Forms in Purcuase DEEeps. a Proviso restricting covenant by tenant for life. 206 2. Covenant by purchaser of leaseholds to pay rent and perform covenants .. .. ie 3. Acknowledgment of right to DronnCren of dear and Undertaking for safe custody... .. .. 207 Sect. 2.—Forms In MortTGAGEs. 4, Covenant by mortgagor for payment of principal ab, 4a. Further advances st es he Gs Mein ab. 4b. And interest Sates mi melt: waise all> 208 4c. Joint and several Brrerents ee ee ab. 5. Trusts of principal term in aes me Ain demise .. ab. 5a. Appointment of iotte eee as coc [s | assign original term ms ib. 6. Proviso for redemption reno or io RE gE 209 XXII TABLE OF CONTENTS. 13. 14. 15. 16. We 18. ‘tA 20. 21. 22. 23. 24. 20. 26. 7h 28. 29. ath sti be . Proviso for redemption GN ed Charge on copyholds .. . Covenant to keep up life bases. . Covenant to keep up fire insurance . Provision for reduction of interest . Another form (from half-year to hale . Agreement for mortgage to continue for time certain Forms EXCLUDING C.A. Power to consolidate Power of immediate sale Mortgagor’s leasing power restr Bene Secr. 8.—ForMs 1N SETTLEMENTs. Trust to sell real estate Trust to invest Investment clause 9 Large power of investment .. Trusts of investments .. Trust for wife for life,, then for naa for life ‘rust after qe e Si for Ghiteeal nea alienation, and then for him or issue of mar- riage, &c., at discretion of trustees Trusts of two funds. Annual sum only vs husband out of wife’s fund Trusts for issue of marriage as ee al wife or the survivor appoint; in default, for children of marriage. Hotchpot clause Clause excluding son entitled to settled estates Advancement clause 8 Trust of surplus income after Pier of atte to husband ~~ oR Trusts in default of Riiaees ereaieae a Pactad interest re As to husband's trust fad As to wite’s trust fund Application of rents of real estate until ae PAGE 209 210 211 212 213 215 216 217 ab. 218 ab. 219 220 221 222 223 ab. ab. ab. 224 225 TABLE OF CONTENTS. NO. | 32. Power to wife to Wee to husband annual sum vote f 32a. Power to wife to appoint income dito Fos aricns 32b. Destination of surplus income ee suspense of appointment 33. Power to wife to make Beene on ae marriage 34. Covenant by Peed e een up veut on fe life, and provisions relating thereto and to substituted policy 35. Agreement to settle other Ricca of mits 36. Power to invest in the purchase of land 37. Power (obligatory) to invest in the purchase of a residence HHLAS See 38. Power of leasing for peenie one years 39. Power to concur in partition 40. Power to deposit money in bank 41. Power to make contributory loans 42. Loan may be for a term ae ©. 43. Power to trustees to value and sais ee funds y 44. Power to trustees to Berosit Pie to ee for safe custody ne 45. Solicitor;trustee to be paid his re - 46. Power to appoint new trustees .. Sect. 4.—Forms In WILLS. 47. Commencement of will ae Ate 48. Commencement of codicil. End of codicil 49. Appointment of trustees and executors, and legacies to them o 50. Appointment of guardians .. Bo aN Does ges 51. Confirmation of testator’s marriage battlenet 52. Bequest to wife of furniture, &c., and legacy .. 53. Bequest of charitable legacies 54. Legacies to servants 55. Annuities to servants 56. Bequest of annuity Rs re 57. Gifts of legacies. Option to pay to married woman or her trustees oh ges aren 237 238 239 XXIV TABLE OF CONTENTS. No. 58. Bequest to A. for life with remainder to his issue per stirpes 59. In default of issue fund to fall ince reid 60. Legacies and annuity to be free of duty 61. General devise and bequest in trust for sale 62, 63. ‘Trusts of investments: to pay income to wife during her widowhood [or during her life] .. 64, Trust for testator’s issue as wife shall appoint ; in default, for children. aie clause .. 65. Advancement clause 66. Settlement of daughters’ share 67. Capital of daughter’s share in default of hat children to accrue to other children 68. Bequest of legacies to daughters and settlement thereof 69. In default of bhileeent aan apurtien: S leeey £6 fall into residue 70. Power to daughters to appoint life Ht DEEER re surviving husbands.. 71. ‘Trustees on marriage of dinthtontn may dedlare other trusts of her share [or legacy | 72 Declaration that any sum paid or settled iy testator on the marriage of daughter to be taken as part of her share [or legacy]... .. 73. Power to mortgage for payment of debts, &c. .. 74 Testimonium and attestation clause to will or codicil CHAPTER V.—PRECEDENTS. Srecr. 1. PurcHase DeEeps. I. Conveyance by mortgagees or trustees and beneficial owner under C. A., 8s. 7 (1) A. and F. (Witnessing part) Il. Conveyance by trustees of power of sede sain exchange by the direction of the tenant for life under C. A., s. 7 (2) with a variation under subs. 7. (ine part) III. Conveyance by husband and wife under C. Au Re Aak Ns bisa part.) Wife beneficial owner LV. He ith Both aventialta owners 249 250 ab. 251 TABLE OF CONTENTS. ie vat Conveyances by tenants in common. ( Wit- nessing part) - V LT: VLA Gon eran be iE fora (ianentn part) XI. Conveyance by tenant for life Pl remainder man. (Witnessing part) : Xa. Conveyance of freeholds by Pecenmalle owner XII. Conveyance of freeholds by executor of sur- vivor of deceased mortgagees under power of sale in C. A. XIIa. Conveyance of freeholds bs feet Be life of proceeds of sale under a settlement which creates a trust for sale.. Shad beg om pans Ree XIII. Conveyance of leaseholds. (Witnessing part) XIV. Conveyance of freeholds and leaseholds to uses and upon trusts of a will See further Precedent of Purchase Deed, Ne XXXIT., post. Sect. 2. Mortcacks AND FURTHER CHARGES. For Precedent of a mortgage in fee, without special provisions, see C. A., Schedule 4, Form I. For a Precedent of a mortgage in fee to secure a consolidated debt, see Preced. XXVI., post. XV. Mortgage in fee with provisions for reduc- tion of interest, continuance of loan, re- stricting mortgagor’s power of leasing, and authorizing consolidation .. XVI. Mortgage of leaseholds XVII. Mortgage of copyholds Si Dae XVIII. Mortgage of freeholds, leaseholds, and copyholds .. hy * XIX. Mortgage of a life interest Bal ahs For Precedent of a further charge by supplemental deed on freeholds, see C. A., Schedule 4, Form Il. XX. Further charge by supplemental deed on life interest and policy comprised in Precedent XIX., and assignment of further policy as security 255 256 258 259 264 265 266 267 269 eS) J) XXxvl XXI. 2. CAFE XXII. DOVLYs XXYV. XXVI. XA T XXVIII. XXIX. TABLE OF CONTENTS. SecT. 3. TRANSFERS OF MORTGAGES. Transfer by supplemental deed of mort- gage in fee and further charge, adapted to C. A., Sch. 4, Forms I. and II., mort- gagor et concurring : Transfer by supplemental deed of Ponte gage in fee by executor of survivor of deceased mortgagees, mortgagor con- curring and receiving further advance Transfer of a mortgage (long term) Transfer of a mortgage (long term) Transfer of mortgage in fee Mortgage of fee to secure bomeehdaeed debt, and further advance Agreement under C. A., s. 18, ae 14, in a mortgage varying power of leasing Agreement under C. A., s. 18, subs. 16, applying leasing powers of the Act to mortgages previously made.. Sect. 4. RECONVEYANCE. Reconveyance by supplemental deed of freeholds, leaseholds, and copyholds by the administrator of the survivor of deceased mortgagees Sect. 5. SETTLEMENTS. . Conveyance of freeholds and covenant to surrender copyholds by husband, upon trust for sale, in contemplation of his marriage XXXa. Ante-nuptial Ssteloment i hustiidd of the proceeds of sale of hereditaments settled on trust for sale by the last pre- cedent, and by wife of investments transferred ; upon trusts for husband and wife successively for life, his in- terest in wife’s trust fund determining on alienation; trusts for issue of mar- riage as husband and wife or the sur- vivor appoint; in default, for children of the marriage; agreement to settle PAGE 276 ab. 290 292 TABLE OF CONTENTS. XXVi PAGE other ‘property of wife and other pro- visions .. 293 XXXII. Ante-nuptial pontlentent ie ES ce investments transferred by him, and by wife of her reversionary shares under a settlement and will; upon trust as to husband’s trust fund, for husband and wife successively for life, and as to wife’s trust fund, for wife and husband successively for wife, his interest in wife’s fund determining on alienation ; trusts for issue of marriage as husband and wife or the survivor shall appoint ; in default, for children of the marriage ; power to wife to make a settlement on future marriage; agreement to settle other property of wife; covenant by wife’s father to pay an annuity; powers to invest in the purchase of land gene- rally; also in the purchase of a resi- dence, and other provisions .._.. 297 XXXII. Conveyance of a residence purchased Bert of settled money by the trustees of the settlement (Preced. XXXI.).. .. .. 304 XXXII. Ante-nuptial settlement under the ie fants’ Settlement Act of the wife’s por- tion raisable under the trusts of a term, and her share of a testator’s residuary estate, being administered by the Court; on trusts for the wife and husband suc- cessively for life, and then for the issue of the marriage as husband and wife or the survivor shall appoint ; in default, for children of the marriage, except an eldest son and any other son who before he attains twenty-one succeeds to a title, unless he shall be the only child ; power to raise money for wife’s outfit, and to pay costs of settlement, and of administration action .. .. _ 306 XXXIV. Ante-nuptial settlement of OHS on husband’s life. ( Witnessing part.) Varia- XXVI11 TABLE OF CONTENTS. tion where husband demises his life interest in settled lands to secure pay- ment of the premiums .. XXXV. Transfer of a mortgage in Prien place of the marriage of the mortgagee PAGE 313 316 Sect. 6. APPOINTMENT, RETIREMENT, AND DISCHARGE OF TRUSTEES. XXXVI. Appointment of a new trustee of the settlement, Preced. XXXI.; and decla- ration vesting the right to recover part of the trust property under C. A., s. 34 (1), by supplemental deed .. XXXVITI. Appointment by supplemental deed of a new trustee of the residence purchased by the settlement trustees, Preced. XXXII.; and declaration vesting it underiGs A.) 8.34001) eeee ee XXXVIII. Appointment of a new tee af a: mortgage debtsettled by Preced. XXX V., and transfer of the mortgage, the trusts being disclosed a XXXIX. Transfer of a mortgage on tie naa ment of a new trustee, the trust not being disclosed .... XXXIXa. Appointment of separate trustees nee a will under C. A., 1882, s. es XL. Retirement and discharge . a trustee under C. A., s. 82; and declaration for vesting the right to recover part of the trust property in the continuing trustees alone under s. 384 (2); by deed supplemental to the settlement, Preced. XXXI., and to the appointment of a new trustee thereof nies XLI. Retirement and discharge of a fetes of the residence purchased by settlement trustees, Preced. XXXII.; and decla- ration vesting it in the continuing trustees alone .. XLII. Retirement and Aiecten is a rie of the freeholds and copyholds settled on 318 320 321 323 324 329 No. TABLE OF CONTENTS. trust for sale previous to marriage, Preced. XXX.; and declaration vesting the freeholds and the right to sue on the covenant to surrender the copyholds in the continuing trustees alone .. XLITI. Release of mortgage settled by Preced. XXXV. on the retirement and dis- charge of a trustee, the trust being disclosed . XLIV. Release to ante et ced of moneate on the retirement and discharge of one trustee, the trust not being disclosed .. Sect. 7. WILLS. XLY. Will of a married man bequeathing fur- niture, &c., to wife, charitable and other legacies, an annuity, and a sum to one for life with remainder to his issue per stirpes; general devise and bequest of real and residuary personal estate upon trust for sale and conver- sion; for investment of proceeds and payment of income to wife during widowhood, with remainder to testator’s - issue as wife shall appoint, in default, to children equally ; advancement and other clauses, and settlement of daugh- ters’ shares, giving them power to appoint life interests to surviving husbands ; and other provisions Sect. 8. ENLARGEMENT OF Lone 'T'ERMS. XLVI. Enlargement of a long term into a fee by tenant for life XLVII. Enlargement of a long term ine a fee is executors of deceased owner, as to part of the demised property INDEX TO THE STATUTES AND NOTES .. InpEX To Forms .. Xx1x PAGE 330 331 332 336 339 374 wintrd LEY ee eb | ( f 1S aA - ‘(xx x1) TABLE OF CASES. PAGE Ackroyd v. Smith: . . . 110 Adams’ Trusts, Re . . . 81 meron te... se LE Atcherley v. Du Movine LOU Attenborough v. Attenborough 243 Bamford v. Creasby . . . 52 Bargent v. Thomson. . . 52 parker os. Lrusts, We.) os. OL Barkshire v.Grubb . . . 380 Barlow v. Rhodes . . . 29 Bathe v. Bank of England . 148 Beaudely v. Brook . . . 110 Bellamy, Re . . 42,105 Benham vy. Keane . . . 135 Bolland, He parte . 161, 229 Bolton v. London §. Board 12, 253 cave igige cea ee LS Bracebridge v. Buckley . . 52 Broad v.Munton. . . . 20 Bromley v. Holland . . . 209 Brooke v. Pearson’ . . . 219 Brown & Sibly’s Contract, Jey ee ORE (ek ald 65) Brown v. Sewell. . . . 46 iter lene. Ciseeiee tr ee LED Bucroucis ce eee ah eels Caballero v. Henty 182, 199 Galo. Bente P88 Calvert v. Godfrey 90 Camberwell Bldg. Shc v. Hol- loway . * 193, 198 Catling vs King Yes: = °. 189 Chester v. Willan . . . 101 Cholmeley v. Paxton. . . 189 Chorley v. Lings. . . . 103 Christie v. Ovington . Clay & Tetley, Re Clerk v. Laurie Coombes’s Case Conelly v. Steer . Cooper & Allen, Re . Cooper v. Macdonald. Cornmell v. Keith Cotterill’s Trusts, Re. Cotton, Re Coward & Adams’ Purchase, Ee Oaks a Sa ts Cuthbertson v. Irving D’Adhemar v. Bertrand . Darlington v. Hamilton . Dawes v. Tredwell Dering v. Kynaston . Dicker v. Angerstein. Dickin v. Dickin . Dodson v. Powell. Doe v. Byron —— v. Prosser —-—v. Robinson . Dunstan vw, Patterson Eldridge v. Knott Emmins v. Bradford . Essex v. Daniel . Foster and Lister, Re Freeman v. Read . Frontin v. Small . Gausson v. Morton George, Re ene Gibbon’s Trusts, Re . PAGE 14, 15, 193 eels . 209 sit . 215 86 8, 138 . 150 e137 95 0.0.41 PAGE Gorely, Hx parte. 53, 70 Gowan, Re oe Grant v. Ellis se Lid Greenslade v. Dare . 104 Hadgett v. Com. of In. Rev. 84 Hall Dare’s Contract A he Harbin v. Darby . . 236 Hargreaves v. Rothwell . . 186 Harnett v. Baker. .-. . 20 Haywood v. Brunswick Bldg. Society . ry ea Hiatt v. Hillman. <, . « 67 Hill». (Barclays. ew praas MoRrTGAGES. Sale ; Insur- ance ; Receiver ; Timber. As to paying prior charges. Surplus to subsequent in- cumbrancer. As to payment of surplus. Payment of prior incumbrances. Production of deeds, 68 CONVEYANCING AND LAW OF PROPERTY ACT. interest, and costs, and other money, if any, due under the mortgage ; and the residue of the money so received shall be paid to the person entitled to the mortgaged property, or authorized to give receipts for the proceeds of the sale thereof. Under this subs. the mortgagee is authorized not merely to discharge prior incumbrances, but to pay in the sum required under s. 5 to be paid into Court to answer them. He can then sell free from incum- brances. The last words of this subs. include a subsequent incum- brancer (s. 22), to whom therefore a mortgagee may pay any surplus. The mortgagee must, however, take care that he pays the residue to the right person. ‘This is a liability which, as trustee of the residue he cannot avoid, but in a doubtful case he can pay the money into Court: see Roberts v. Ball, 24 L. J. (Ch.) 471; Morg. Ch. Orders, 65 (0), 5th ed. (4.) The power of sale conferred by this Act may be exercised by any person for the time being entitled to receive and give a discharge for the mortgage money. (5.) The power of sale conferred by this Act shall not affect the right of foreclosure. (6.) The mortgagee, his executors, administrators, or assigns, Shall not be answerable for any involuntary loss happening in or about the exercise or execution of the power of sale conferred by this Act or of any trust con- nected therewith. | (7.) At any time after the power of sale conferred by this Act has become exerciseable, the person entitled to exercise the same may demand and recover from any person, other than a person having in the mortgaged property an estate, interest, or right in priority to the mortgage, all the deeds and documents relating to the property, or to the title thereto, which a purchaser under the power of sale would be entitled to demand and recover from him. A mortgagee exercising his power of sale can, under s. 5, pay into Court the amount required to answer prior incumbrances. On a sale by a second or subsequent mortgagee, being a person entitled to redeem (see definition of mortgagor, s. 2, (vi.)), he can, as against a prior mort- gagee, under deed subsequent to 1881, obtain production of the title deeds so as to shew the title; and having made the proper payments CONVEYANCING AND LAW OF PROPERTY ACT. 69 under s. 5 to answer all prior incumbrancers, he is entitled under this subs. to recover the title deeds from the first mortgagee, who would then be a bare trustee of the legal estate. 22.—(1.) The receipt in writing of a mortgagee shall be a sufficient discharge for any money arising under the power of sale conferred by this Act, or for any money or securities comprised in his mortgage, or arising there- under; and a person paying or transferring the same to the mortgagee shall not be concerned to inquire whether any money remains due under the mortgage. The receipt of the mortgagee is a complete protection to a bond fide purchaser without notice, even though the security should prove to have been satisfied (Dicker v. Angerstein, 3 Ch. D. 600). (2.) Money received by a mortgagee under his mort- gage or from the proceeds of securities comprised in his mortgage shall be applied in like manner as in this Act directed respecting money received by him arising from a sale under the power of sale conferred by this Act ; but with this variation, that the costs, charges, and expenses payable shall include the costs, charges, and expenses properly incurred of recovering and receiving the money or securities, and of conversion of securities into money, instead of those incident to sale. This section enables a mortgagee to give a discharge, not only for money arising by sale, but also for money or securities assigned by the mortgage or arising thereunder; for instance, to give a receipt for the surplus on a sale by a prior mortgagee, or in case of a mortgage of a policy or of a reversionary interest in stock, to give a receipt for the policy money or for the stock, and to apply the money in discharge of the debt and costs, and in the case of the stock, to sell the stock for that purpose. 23.—(1.) The amount of an insurance effected by a mortgagee against loss or damage by fire under the power in that behalf conferred by this Act shall not exceed the amount specified in the mortgage deed, or, if no amount is therein specified, then shall not exceed two third parts of the amount that would be required, in case of total destruction, to restore the property insured. SS. 21, 22, 23. MORTGAGES. Sale; Insur- ance ; Receiver ; Timber. Recovering deeds. Mortgagee’s receipts, dis- charges, &c. Mortgagee’s receipt valid though secu: rity satisfied Mortgagee’s receipt for surplus sale money and securities, Amount and application of insurance money. SS. 23 24. MorTGAGES, Sale; Insur- ance; Receiver ; Timber. When insur- ance money to be expended on reinstating. Appointment, powers, remuneration, and duties of receiver, 70 CONVEYANCING AND LAW OF PROPERTY ACT. (2.) An insurance shall not, under the power conferred by this Act, be effected by a mortgagee in any of the following cases (namely) : (i.) Where there is a declaration in the mortgage deed that no insurance is required : (ii.) Where an insurance is kept up by or on behalf of the mortgagor in accordance with the mortgage deed : (iii.) Where the mortgage deed contains no stipula- tion respecting insurance, and an insurance is kept up by or on behalf of the mortgagor, to the amount in which the mortgagee is by this Act authorized to insure. (3.) All money received on an insurance effected under the mortgage deed or under this Act shall, if the mort- gagee so requires, be applied by the mortgagor in making good the loss or damage in respect of which the money is received. (4.) Without prejudice to any obligation to the con- trary imposed by law, or by special contract, a mortgagee may require that all money received on an insurance be applied in or towards discharge of the money due under his mortgage. Under 14 Geo. 3, c. 78, s. 83, insurance money on houses and build- ings must at the request of any person interested, or may in cases of suspicion, be applied in reinstating them: see Hx parte Gorely, 4 D.J. & 8. 477, 24.—(1.) A mortgagee entitled to appoint a receiver under the power in that behalf conferred by this Act shall not appoint a receiver until he has become entitled to exercise the power of sale conferred by this Act, but may then, by writing under his hand, appoint such person as he thinks fit to be receiver. (2.) The receiver shall be deemed to be the agent of the mortgagor ; and the mortgagor shall be solely respon- sible for the receiver’s acts or defaults, unless the mort- gage deed otherwise provides. | (3.) The receiver shall have power to demand and CONVEYANCING AND LAW OF PROPERTY ACT. 71 recover all the income of the property of which he is appointed receiver, by action, distress, or otherwise, in the name either of the mortgagor or of the mortgagee, to the full extent of the estate or interest which the mortgagor could dispose of, and to give effectual receipts, accordingly, for the same. Under this subs. the receiver acts subject to the rights of any prior mortgagee and to the powers of his receiver (see n. to subs. 8, post.) (4.) A person paying money to the receiver shall not be concerned to inquire whether any case has happened to authorize the receiver to act. (5.) The receiver may be removed, and a new receiver may be appointed, from time to time by the mortgagee by writing under his hand. (6.) The receiver shall be entitled to retain out of any money received by him, for his remuneration, and in satisfaction of all costs, charges, and expenses incurred by him as receiver, a commission at such rate, not ex- ceeding five per centum on the gross amount of all money received, as is specified in his appointment, and if no rate is so specified, then at the rate of five per centum on that gross amount, or at such higher rate as the Court thinks fit to allow, on application made by him for that purpose. (7.) The receiver shall, if so directed in writing by the mortgagee, insure and keep insured against loss or damage by fire, out of the money received by him, any building, effects, or property comprised in the mortgage, whether affixed to the freehold or not, being of an insur- able nature. (8.) The receiver shall apply all money received by him as follows (namely): (i.) In discharge of all rents, taxes, rates, and out- goings whatever affecting the mortgaged pro- perty ; and (ii.) In keeping down all annual sums or other pay- ments, and the interest on all principal sums, S. 24. MORTGAGES. Sale ; Insur- ance ; Receiver ; Timber. SS. 24, 25. MORTGAGES. Sale ; Insur- ance; Receiver ; Timber. Position of a receiver. Power to appoint, how proved, Repairs by receiver. Action respect=- ing mortgage. Sale of mort- gaged property in action for foreclosure, &c. 72 CONVEYANCING AND LAW OF PROPERTY ACT. having priority to the mortgage in right whereof he is receiver; and (iii.) In payment of his commission, and of the pre- miums on fire, life, or other insurances, if any, properly payable under the mortgage deed or under this Act, and the cost of executing necessary or proper repairs directed 1 in writing by the mortgagee; and (iv.) In payment of the interest accruing due in respect of any principal money due under the mortgage ; and shall pay the residue of the money received by him to the person who, but for the possession of the receiver, would have been entitled to receive the income of the mortgaged property, or who is otherwise entitled to that property. The power to appoint a receiver is by s. 19 given to the mortgagee to the like extent as if in terms conferred by the mortgage deed. The receiver of a second or subsequent mortgagee will therefore (see subs. 3 of this s.) be liable to be superseded by the receiver of a prior mortgagee when appointed, but the receiver for the time being, whether under a first or any subsequent mortgage, will, it is conceived, have under subss. 3 and 4 power to recover and give a legal discharge for rent. To prove that the person appointing the receiver is actually a mortgagee, the mortgage deed must be produced. Where it is desired to avoid this, a counterpart of the mortgage may be taken, As mortgage deeds will in future be short, the cost of a counterpart will be much less than that of the old receivership deed. Any necessary or proper repairs which a mortgagee could not himself make, unless expressly authorized, without incurring the liability of a mortgagee in possession, may be made by the receiver, if directed in writing by the mortgagee under subs. 8 (iii). Action respecting Mortgage. 29.—(1.) Any person entitled to redeem mortgaged property may have a judgment or order for sale instead of for redemption in an action brought by him either for redemption alone, or for sale alone, or for sale or redemption, in the alternative. (2.) In any action, whether for foreclosure, or for redemption, or for sale, or for the raising and payment — CONVEYANCING AND LAW OF PROPERTY ACT. 73 in any manner of mortgage money, the Court, on the request of the mortgagee, or of any person interested either in the mortgage money or in the right of re- demption, and notwithstanding the dissent of any other person, and notwithstanding that the mortgagee or any person so interested does not appear in the action, and without allowing any time for redemption or for payment of any mortgage money, may, if it thinks fit, direct a sale of the mortgaged property, on such terms as it thinks fit, including, if it thinks fit, the deposit in Court of a reasonable sum fixed by the Court, to meet the expenses of sale and to secure performance of the terms. For an order under this subs., see Weston v. Davidson, W. N. 1882, p..28. (3.) But, in an action brought by a person interested in the right of redemption ind seeking a sale, the Court may, on the application vu’ any defendant, direct the plaintiff to give such security for costs as the Court thinks fit, and may give the conduct of the sale to any defendant, and may give such directions as it thinks fit respecting the costs of the defendants or any of them. (4.) In any case within this section the Court may, if it thinks fit, direct a sale without previously determining the priorities of incumbrancers. (5.) This section applies to actions brought either before or after the commencement of this Act. (6.) The enactment described in Part II. of the Second Schedule to this Act is hereby repealed. (7.) This section does not extend to Ireland. As to this section, see observations on s. 5, ante. The result of decisions (see Morgan’s Chancery Acts, 196, 197, 5th ed.) was to give a very limited operation to the 48th section of 15 & 16 Vict. c. 86, now repeaied (see second schedule, Part II.), and replaced by this section. An order for sale may be made under this section in a foreclosure or redemption action at any time before the action is concluded by a fore- closure absolute: Union Bank of Lendon v. Ingram, 20 Ch. D. 463 ; and the order may be made on an interlocutory application before the trial of the action: Woolley v. Colman, 21 1b. 169. S. 25. MORTGAGES. Action respect- ing Mortgage. 15 & 16 Vict. c. 86, s. 48. Former law as to judgment for sale, Orders for sale under this s. SS. 25, 26. MORTGAGES. Action respect- ing Mortgaye. Course where sale asked by mortgagee or mortgagor. STATUTORY MORTGAGE, Form of statutory mortgage in schedule. 74 CONVEYANCING AND LAW OF PROPERTY ACT. An order for sale need no longer direct the sale to be made, as has been the practice before this Act (see Seton on Decrees, pp. 1896, 802, 4th ed.), subject to the incumbrances of such of the incumbrancers as do not consent. The sum to meet their charges will be paid into Court under s. 5,and any whose charges cannot be so provided for must, be made parties, The owner of, or any incumbrancer on, an incumbered estate can under this section bring an action for sale and application of the pro- ceeds (see note to s. 5, ante), but before commencing an action for redemption or sale he should be certain that he can provide the requisite deposit or security for costs, otherwise he may find himself foreclosed. If the mortgagee asks for a sale under this section, the course of pro- ceeding will be much the same as before the Act in a similar case. If the mortgagor asks for a sale instead of being foreclosed as defendant, vr bound to redeem as plaintiff, the course of proceeding is new. In Woolley v. Colman, 21 Ch. D. 169, an assignee of the equity of redemp- tion was plaintiff, the property being subject to several mortgages. A sale was directed at a reserve price sufficient to pay the two first mort- gagees, who opposed a sale, and with the assent of the subsequent mortgagees the conduct of the sale was given to the mortgagor, who was ordered to give security for the costs of it. The sale was allowed to be made out of Court, but the proceeds were directed to be paid into Court. In Wade v. Wilson (W. N. 1882, p. 184) a foreclosure action, in which one of the defendants, the mortgagor, did not appear, and the other, the second mortgagee, made default in pleading, the usual account was directed, and then a sale of a sufficient part of the property to pay the amount found due. V.—STATUTORY MORTGAGE. 26.—(1.) A mortgage of freehold or leasehold land may be made by a deed expressed to be made by way of statutory mortgage, being in the form given in Part I. of the Third Schedule to this Act, with such variations and additions, if any, as circumstances may require, and the provisions of this section shall apply thereto. (2.) There shall be deemed to be included, and there shall by virtue of this Act be implied, in the mortgage deed— First, a covenant with the mortgagee by the person expressed therein to convey as mortgagor to the effect following (namely) : That the mortgagor will, on the stated day, pay to the mortgagee the stated mortgage money, with interest CONVEYANCING AND LAW OF PROPERTY ACT. 75 thereon in the meantime, at the stated rate, and will thereafter, if and as long as the mortgage money or any part thereof remains unpaid, pay to the mort- gagee interest thereon, or on the unpaid part thereof, at the stated rate, by equal half-yearly payments, the first thereof to be made at the end of six calendar months from the day stated for payment of the mortgage money. Secondly, a proviso to the effect following (namely) : That if the mortgagor, on the stated day, pays to the mortgagee the stated mortgage money, with interest thereon in the meantime, at the stated rate, the mortgagee at any time thereafter, at the request and cost of the mortgagor, shall re-convey the mortgaged property to the mortgagor, or as he shall direct. 27.—(1.). A transfer of a statutory mortgage may be made by adeed expressed to be made by way of statutory transfer of mortgage, being in such one of the three forms (A.) and (B.) and (C.) given in Part II. of the Third Schedule to this Act as may be appropriate to the case, with such variations and additions, if any, as circum- stances may require, and the provisions of this section shall apply thereto. (2.) In whichever of those three forms the deed of transfer is made, it shall have effect as follows (namely): (i.) There shall become vested in the person to whom the benefit of the mortgage is expressed to be transferred, who, with his executors, administrators and assigns, is hereafter in this section designated the transferee, the right to demand, sue for, recover, and give receipts for the mortgage money, or the unpaid part thereof, and the interest then due, if any, and thenceforth to become due thereon, and the benefit of all securities for the same, and the benefit of and the nght to sue on all covenants with the mortgagee, and the right to exercise all powers of the mortgagee : (ii.) All the estate and interest, subject to redemption, of the mortgagee in the mortgaged land shall vest in the transferee, subject to redemption. SS. 26, 27. STATUTORY MORTGAGE. Forms of statutory transfer of mortgage in schedule, 76 CONVEYANCING AND LAW OF PROPERTY ACT. SS. 27, 28. (3.) If the deed of transfer is made in the form (B.), Srarutory there shall also be deemed to be included, and there Morreace. shall by virtue of this Act be implied therein, a covenant ray with the transferee by the person expressed to join therein as covenantor to the effect following (namely) : That the covenantor will, on the next of the days by the mortgage deed fixed for payment of interest, pay to the transferee the stated mortgage money, or so much thereof as then remains unpaid, with interest thereon, or on the unpaid part thereof, in the meantime, at the rate stated in the mortgage deed; and will thereafter, as long as the mortgage money, or any part thereof, remains unpaid, pay to the transferee interest on that sum, or the unpaid part thereof, at the same rate, on the successive days by the mortgage deed fixed for payment of interest. (4.) If the deed of transfer is made in the form (C.), it shall, by virtue of this Act, operate not only as a statutory transfer of mortgage, but also as a statutory mortgage, and the provisions of this section shall have effect in relation thereto, accordingly; but it shall not be liable to any increased stamp duty by reason only of its being designated a mortgage. A. transfer of a mortgage, although further security is given, is only chargable with duty as a transfer (33 & 34 Vict. c. 97, s. 109; Wale v. Commissioners of Inland Rev., 4 Ex. D. 270). Implied 28. In a deed of statutory mortgage, or of statutory covenants, , . . Tanta transfer of mortgage, where more persons than one are several, expressed to convey as mortgagors, or to JolIn as cove- nantors, the implied covenant on their part shall be deemed to be a joint and several covenant by them ; and where there are more mortgagees or more trans- ferees than one, the implied covenant with them shall be deemed to be a covenant with them jointly, unless the amount secured is expressed to be secured to them in shares or distinct sums, in which latter case the implied covenant with them shall be deemed to be a covenant with each severally in respect to the share or distinct sum secured to him. CONVEYANCING AND LAW OF PROPERTY ACT. 77 29. A re-conveyance of a statutory mortgage may be made by a deed expressed to be made by way of statutory re-conveyance of mortgage, being in the form given in Part III. of the Third Schedule to this Act, with such variations and additions, if any, as circumstances may require. The object of ss. 26-29 is to enable mortgages, transfers of mortgage, and reconveyances to be made in very short forms. ‘I'he forms are given in the third schedule. They do not readily admit of much altera- tion, and will probably be used only in quite simple cases, where proper legal advice is dispensed with. VI.—Trust anp MortGaGce ESTATES ON DEATH. 30.—(1.) Where an estate or interest of inheritance, or limited to the heir as special occupant, in any tene- ments or hereditaments, corporeal or incorporeal, is vested on any trust, or by way of mortgage, in any person solely, the same shall, on his death, notwithstanding any testa- mentary disposition, devolve to and become vested in his personal representatives or representative from time to time, in like manner as if the same were a chattel real vesting in them or him; and accordingly all the like powers, for one only of several joint personal represen- tatives, as well as for a single personal representative, and for all the personal representatives together, to dispose of and otherwise deal with the same, shall belong to the deceased’s personal representatives or represen- tative from time to time, with all the like incidents, but subject to all the like rights, equities, and obliga- tions, as if the same were a chattel real vesting in them or him; and, for the purposes of this section, the per- sonal representatives, for the time being, of the deceased, shall be deemed in law his heirs and assigns, within the meaning of all trusts and powers. (2.) Section four of the Vendor and Purchaser Act, 1874, and section forty-eight of the Land Transfer Act, 1875, are hereby repealed. _(8.) This section, including the repeals therein, apples SS. 29, 30. STATUTORY MORTGAGE. Form of re- conveyance of statutory mortgage in schedule. TRUST AND MORTGAGE ESTATES ON DEATH. Devolution of trust and mortgage estates on death. 37 & 38 Vict. Coos 38 & 39 Vict. Cs, tof S. 30, TRUST AND MORTGAGE ESTATES ON DEATH, Copyholds included. Also a personal inheritance. No question as to assent arises. Heir excluded as trustee. Devise of trust. estates no longer proper. Title to free- hold trust estate same as leasehold. Trust estate must still be limited to “heirs,” &e. When vendor trustee for purchaser. - Cases affected. 78 ‘CONVEYANCING AND LAW OF PROPERTY ACT. only in cases of death after the commencement of this Act. This section includes copyholds which are “an estate or interest of inheritance ” in “ tenements,” and operates to constitute the executor or administrator devisee of trust and mortgage estates. Whether as to any particular land he is such devisee will be shewn in the same manner as if there were an actual devise. The word “hereditaments” includes, more clearly than the word “land,” a personal inheritance, as an annuity to one “and his heirs.” (See Co. Lit. 2a, 20a; Stafford v. Buckley, 2 Ves. Sen. 170; Holder- nesse v. Carmarthen, 1 Brown, C. C. 877.) Such annuities are some- times granted by corporations (Manchester, for instance) charged on the borough fund. No question as to assent by an executor arises under this section. He is put in the position of devisee, and cannot properly convey a. trust estate except to a duly appointed trustee ; nor does an executor generally assent to a bequest of leaseholds held in trust, as he only assigns them to a duly appointed trustee; nor to a bequest of leaseholds in mortgage, as he retains the legal estate in order to get in and receive the money. The constitution of the personal representative to be trustee of course excludes the heir from being trustee, just as a devise would exclude him. It will now be unnecessary, and also useless, to make any devise of trust or mortgage estates. Their devolution is assimilated in all respects to the devolution of a term of years, which must pass to the personal representative. Notwithstanding any devise, the personal representa- tive is the person to convey, and is in all cases the “ heir” and “assign ” for the purpose of exercising all trusts and powers. On the death of a personal representative a new representative must be constituted just as in case of personalty. Then if the executor of a trustee or mortgagee die and there is no executor to his estate, letters of administration must be taken out to the trustee or mortgagee. The title to a freehold trust or mortgage estate will in fact be made exactly in the same way if it had been a term of years held in trust or mortgage. Though a trust or mortgage estate now passes to the personal repre- sentative it must still be conveyed to the trustees or mortgagees “ and their heirs,” or “in fee simple” (see s. 51), in order to give them the fee simple. Where there is a valid contract binding on both vendor and pur- chaser, and at the vendor’s death, either he has made out his title according to the contract, or the purchaser has accepted the title how- ever bad, the vendor is a trustee for the purchaser (Lysaght v. Edwards, 2 Ch. D. 506, 507), and this section applies. This section renders obsolete, as regards persons dying after 1881, CONVEYANCING AND LAW OF PROPERTY ACT. 79 all the decisions as to what words pass trust and mortgage estates, and as to whether the trusteeship passes to the devisees of trust estates, discussed in 1 Jarm. Wills, p. 709 e¢ seq. 4th ed. If a testator wishes that his trust estates should go to particular persons, he can appoint them executors for that special purpose: see Wms. Exors. 387, 8th ed. As to the sect. of the Land Transfer Act, 1875, repealed by this sect., see note to V. & P. A. s. 5, ante. VII.—TRusTEES AND EXECUTORS. The following is a summary of the powers conferred on trustees by the C. A., and the provisions relating to trustees and trust estates con- tained in that Act, the V. & P. A., and the C. A., 1882. Trustees (i.) May under a trust or power of sale, sell, or concur in selling, by auction or private contract, together or in lots, &c.: C. A. s. 35; (ii.) May as vendors or purchasers adopt the conditions implied in the C..A. (see s. 66 of that Act), or in s. 2 of the V.& P. A. (see s. 3 of that Act) ; (iii.) May give receipts: OC. A. s. 36; (iii.) is retrospective, (i.) and (ii.) are not, and apply so far as a contrary intention is not expressed in the instrument of trust ; (iv.) May manage land of an infant, but in case of a female only while sheis unmarried, apply income thereof for maintenance education, or benefit, and accumulate surplus: C. A. s. 42; (v.) May apply in like manner the income of any property in which any. infant is interested: C. A. s. 43; (iv.) and (v.) apply only so far as a contrary intention is not expressed in the instrument under which the infant’s interest arises; (v.) is retrospective, (iv.) is not. (vi.) Trustees or an executor (but not an administrator), may com- pound and compromise, and an executor may pay or allow any debt or claim: C. A. s. 87; (vii.) Powers or trusts given to executors or trustees are exercisable by the survivors or survivor: C. A. s. 88. (vi.) Is retrospective, (vii.) is not; (vi.) in regard to trustees, and (vii.) in regard to executors or trustees, apply only if a contrary inten- tion is not expressed in the instrument of trust. (viii.) A married woman being a bare trustee of freeholds or copy- holds may convey or surrender them as a feme sole: Vier BP. Ans. 6. The C. A. contains also provisions : (ix.) For the appointment of new trustees with power to increase the number but without any obligation to appoint more than one where only one was originally appointed or to fill up the original number where more than two were origi- nally appointed :. s, 31. 57130; TRUST AND MORTGAGE ESTATES ON DEATH. TRUSTEES AND EXECUTORS. Powers of trustees. Powers of executors. SS. 30, 31. TRUSTEES AND EXECUTORS. Where peti- tions now unnecessary. Appointment of new trustees, vesting of trust property, &c. A disclaiming trustee is a refusing trustee, 8) CONVEYANCING AND LAW OF PROPERTY ACT. (x.) For the retirement of a trustee without appointing a successor : 8. 323 (xi.) For giving trustees appointed by the Court the powers of original trustees: s. 33; (xii.) For vesting the trust property on the appointment of a new trustee, or the retirement of a trustee under (x.): s. 34, with the exceptions mentioned in subs. 3; (xiii.) For the devolution of the trust estate on the personal represen- tatives of a sole trustee dying after 1881, notwithstanding his will: s. 380; The C. A., 1882, s. 5, provides (xiv.) For the appointment of separate sets of trustees. (ix.) to (xi.) and (xiv.) are retrospective ; (xii.) applies only to deeds appointing new trustees or authorizing retirement under s. 32, executed after 1881; (xiii.) is not retrospective. Petitions for the appointment of new trustees ought not to be pre- seated where the power given by the following section can be exercised : In re Gibbon’s Trusts, W. N. 1882, p. 12. 31,—(1.) Where a trustee, either original or substi- tuted, and whether appointed by a Court or otherwise, is dead, or remains out of the United Kingdom for more than twelve months, or desires to be discharged from the trusts or powers reposed in or conferred on him, or refuses or is unfit to act therein, or is incapable of acting therein, then the person or persons nominated for this purpose by the instrument, if any, creating the trust, or if there is no such person, or no such person able and willing to act, then the surviving or continuing trustees or trustee for the time being, or the personal representatives of the last surviving or continuing trustee, may, by writing, appoint another person or other persons to be a trustee or trustees in the place of the trustee dead, remaining out of the United Kingdom, desiring to be discharged, refusing or being unfit, or being incapable, as aforesaid. This section includes the case of disclaimer. After disclaimer, which relates back, the person disclaiming is considered as never having been a trustee, but. up to the time of disclaimer the trust estate remains vested in him, otherwise there would be nothing to disclaim. The estate being vested in him on trust at the moment of disclaimer, he necessarily is then a trustee, and is a trustee who refuses. The estate passes to him without any express assent, but subject to the right of dissenting: see Lewin, 176, 6th ed.; Smith v. Wheeler, 1 Vent. 128 ; . > CONVEYANCING AND LAW OF PROPERTY ACT. 81 Siggers v. Evans, 5 Ell. & Bl. 367, 382. In D’Adhemar v. Bertrand, 35 Beay. 19, it was assumed that a disclaiming trustee was included in the words “ trustee who shall refuse to act” under Lord Cranworth’s Act, s. 27; see also Lewin, 541, 6th ed. A bankrupt trustee is a trustee unfit to act: Re Barker’s Trusts, 1 Ch. D. 48. He is bound to retire if requested, and may be removed under s. 117 of the Bankruptcy Act, 1869: Re Adams’ Trust, 12 Ch. D. 634; and a new trustee may be appointed in his place under this section: Re Gibbons’ Trust, W. N. 1882, p. 12. If the power to appoint new trustees given by a settlement does not extend to all the cases provided for by this section, if for instance it does not apply where a trustee remains out of the United Kingdom for more than twelve months, then in the omitted cases there is not any ‘person or persons nominated for the purpose by the instrument creating the trust,” and the appointment should be made under this section by the surviving or continuing trustees or trustee, or the personal representatives of the last surviving or continuing trustee. This holds good whether the settlement be made before or after the commence- ment of this Act. In settlements made since Lord Cranworth’s Act, the form of the power will generally be “that A. B. shall have power to appoint new trustees” without specifying in what cases. Under this form, the power being unlimited, A. B. will be the “ person nominated for the purpose” within the meaning of this section. (2.) On an appointment of a new trustee, the number of trustees may be increased. This subs. is applicable to the appointment of more than one new trustee, as singular imports the plural, see n. to s. 50, post. (3.) On an appointment of a new trustee, it shall not be obligatory to appoint more than one new trustee, where only one trustee was originally appointed, or to fill up the original number of trustees, where more than two trustees were originally appointed; but, except where only one trustee was originally appointed, a trustee shall not be discharged under this section from his trust unless there will be at least two trustees to perform the trust. Two existing trustees cannot, under the Trustee Acts, be reappointed in the place of themselves and a lunatic trustee, and the practice is not altered by this Act, although the word “new” is not used in subs. 1: In re Aston, W. N., 1883, p. 22. ; (4.) On an appointment of a new trustee any assurance or thing requisite for vesting the trust property, or any G S. 31. TRUSTEES AND EXECUTORS. Bankruptcy is unfitness. Where power does not extend to all cases provided for by this s. “New ” trustees, Beef i TRUSTEES AND EXECUTORS. Whether omission of particular cases shews contrary intention. Power retrospective. Appointment of separate sets of trustees. 82 CONVEYANCING AND LAW OF PROPERTY ACT. part thereof, jointly in the persons who are the trustees, shall be executed or done. This subs. must be read in connection with s. 34 (1), post, rendering a conveyance of the trust property unnecessary on the appointment of a new trustee, except in cases within subs. 3 of that s. (5.) Every new trustee so appointed, as well before as after all the trust property becomes by law, or by assur- ance, or otherwise, vested in him, shall have the same powers, authorities, and discretions, and may in all respects act, as if he had been originally appointed a trustee by the instrument, if any, creating the trust. (6.) The provisions of this section relative to a trustee who is dead include the case of a person nominated trustee in a will but dying before the testator; and those relative to a continuing trustee include a refusing or retiring trustee, if willing to act in the execution of the provisions of this section. (7.) This section applies only if and as far as a con- trary intention is not expressed in the instrument, if any, creating the trust, and shall have effect subject to the terms of that instrument and to any provisions therein contained. Where under an instrument, whether dated before this Act or subse- quently, a limited power to appoint new trustees is given to a speci- fied person, say, in case only of trustees refusing, it is conceived that the power given to the surviving or continuing trustee by subs. (1) applies to all the other cases there mentioned, and that the omission to provide for all those cases is not sufficient to shew a contrary intention within this subs. (8.) This section applies to trusts created either before or after the commencement of this Act. This and the subsequent sections included in Part VII. of this Act replace Part III. of Lord Cranworth’s Act, which is repealed (see second schedule, Part I1I.). ‘The power to appoint new trustees applies to all instruments past and future, including those dated before Lord Cran- worth’s Act, and to which that Act did not apply. By the C. A., 1882, s. 5, infra, separate sets of trustees may be appointed for distinct trusts. CONVEYANCING AND LAW OF PROPERTY ACT. 83 32.—(1.) Where there are more than two trustees, if one of them by deed declares that he is desirous of being discharged from the trust, and if his co-trustees and such other person, if any, as is empowered to appoint trustees, by deed consent to the discharge of the trustee, and to the vesting in the co-trustees alone of the trust property, then the trustee desirous of being discharged shall be deemed to have retired from the trust, and shall, by the deed, be discharged therefrom under this Act, without any new trustee being appointed in his place. Under this section the continuing trustees alone will have the powers of the original trustees. The due discharge of one of several trustees leaves the others whole and sole trustees as in case of a dis- claimer: Cafe v. Bent, 5 Hare, 37. If the power be merely personal, unconnected with property, for instance to consent to a marriage, it is not a case of trusteeship within these sections, but the power may be disclaimed under C. A. 1882, s. 6. (2.) Any assurance or thing requisite for vesting the trust property in the continuing trustees alone shall be executed or done. This subs. must be read in connection with s, 34 (2), post, rendering a conveyance of the trust property unnecessary on the retirement of a trustee except in cases falling within subs. 3 of that s. (3.) This section applies only if and as far as a contrary intention is not expressed in the instrument, if any, creat- ing the trust, and shall have effect subject to the terms of that instrument and to any provisions therein contained. (4.) This section applies to trusts created either before or after the commencement of this Act. 33.—(1.) Every trustee appointed by the Court of Chancery, or by the Chancery Division of the Court, or by any other Court of competent jurisdiction, shall, as well before as after the trust property becomes by law, or by assurance, or otherwise, vested in him, have the same powers, authorities, and discretions, and may in all respects act, as if he had been originally appointed a trustee by the instrument, if any, creating the trust. (2.) This section applies to appointments made either before or after the commencement of this Act. G2 SS. 32, 33. TRUSTEES AND EXECUTORS, Retirement of trustee, On discharge of a trustee the others have all powers. Powers of new trustee ap- pointed by Court. SS. 33, 34. TRUSTEES AND EXECUTORS. Retrospective. As to exercise of legal powers. Vesting of trust property in new or continuing trustees. Vesting declaration applicable on all appoint- ments of a trustee. Must be in deed of appointment or discharge. Must be by deed. Stamp duties. Chose in action. No vesting declaration required for equities. 84 CONVEYANCING AND LAW OF PROPERTY ACT. This section replaces s. 27 of Lord Cranworth’s Act, and applies to all instruments past and future. A new trustee appointed by the Court under its ordinary jurisdiction in equity could not exercise a legal power, as, for instance, a power of sale in a settlement operating by revocation and appointment of uses (see Newman v. Warner, 1 Sim. N.S. 457, 461). To enable a new trustee to exercise a legal power it was necessary that the appointment should be made on petition under the Trustee Act, 1850: see s. 88 of that Act. As to trustees appointed by the Court of Chancery, see Ld. C.’s Act, s.27,and Morg. Ch. Ord., p. 101 (a). It is conceived that under this section a trustee appointed by judgment or order in an action simply, and not under the Trustee Acts, may validly exercise legal powers, and that there will be no neces- sity for a petition under the Trustee Acts. 34.—(1.) Where a deed by which a new trustee is appointed to perform any trust contains a declaration by the appointor to the effect that any estate or interest in any land subject to the trust, or in any chattel so subject, or the right to recover and receive any debt or other thing in action so subject, shall vest in the persons who by virtue of the deed become and are the trustees for performing the trust, that declaration shall, without any conveyance or assignment, operate to vest in those persons, as joint tenants, and for the purposes of the trust, that estate, interest, or right. This section applies to all deeds executed after the commencement of the Act by which a new trustee is appointed to perform “ any trust,” and is not confined to cases where the powers of the Act are exercised. The vesting declaration may therefore now be used on an appointment of a trustee in the ordinary mode under a power in a settlement, and whether the settlement be dated before or after the commencement of the Act. The vesting declaration must be contained in the deed appointing or discharging the trustee. It must be by deed and not by writing merely, though the mere appointment of a trustee under s. 81 may be by writing only. Thus as under the old practice a deed will always be necessary where there is property to transfer, and will be chargeable with stamp duty on the appointment and also on the vesting order (Hadgett v. Commissioners of Inland Revenue, 3 Ex. D. 46). In the case of a chose in action notice of assignment should also be given. The aid of this section is required only for the purpose of vesting a legal interest. The mere appointment of a new trustee or several new trustees in itself operates to vest all equitable interests in the persons who are the trustees (Dodson v. Powell, 18 Law Journ. (Ch.) 287), and CONVEYANCING AND LAW OF PROPERTY AGT. 85 the object of this section is to extend that principle so far as is not inconvenient to legal estates and rights, It may, however, be con- venient to have the proper declaration in all cases. The words ‘* who by virtue of the deed become and are the trustees Jor performing the trust” include the old trustees as well as the new. The new trustees become trustees by virtue of the deed, but do not become the trustees for performing the trust, unless they are the sole trustees. The new and the old trustees together become the trustees for performing the trust. But where there are no old trustees, or none continuing to act, the new trustees solely become the trustees for performing the trust. Cases occur, as where lands are purchased with settlement money, in which it may be convenient to have a separate actual conveyance. The declaration which effects the vesting of the other property subject to the settlement will then omit the property separately conveyed. There must be an actual conveyance where the deed does not contain an appointment of a new trustee or discharge of a trustee. (2.) Where a deed by which a retiring trustee is dis- charged under this Act contains such a declaration as is in this section mentioned by the retiring and continuing trustees, and by the other person, if any, empowered to appoint trustees, that declaration shall, without any con- veyance or assignment, operate to vest in the continuing trustees alone, as joint tenants, and for the purposes of the trust, the estate, interest, or right to which the declaration relates. (8.) This section does not extend to any legal estate or interest in copyhold or customary land, or to land con- veyed by way of mortgage for securing money subject to the trust, or to any such share, stock, annuity, or pro- perty as is only transferable in books kept by a company or other body, or in manner prescribed by or under Act of Parliament. The objects of subs. 3 are to save the rights of the lord as regards customary land, to prevent the trusts of the money appearing on the title of land mortgaged, and to reserve to corapanies and other bodies the right to require transfers of their stock to be made in the statutory form. (4.) For purposes of registration of the deed in any registry, the person or persons making the declaration shall be deemed the conveying party or parties, and the 8. 34. TRUSTEES AND EXECUTORS. Effect of vesting clause. As to where there should be separate deed. Reasons for exceptions, SS. 34, 35, 36. TRUSTEES AND EXECUTORS. Register searches. Power for trustees for sale to sell by auction, &e. As to sale of trust property along with other property. Words required in trust for or power of sale. Trustees re- ceipts. 86 CONVEYANCING AND LAW OF PROPERTY ACT. conveyance shall be deemed to be made by him or them under a power conferred by this Act (a). (5.) This section applies only to deeds executed after the commencement of this Act. (a) Subs. 4 makes it necessary to search the deeds register against any person having power to appoint new trustees as well as against the trustees, 39.—(1.) Where a trust for sale or a power of sale of property is vested in trustees, they may sell or concur with any other person in selling all or any part of the property, either subject to prior charges or not, and either together or in lots, by public auction or by private contract, subject to any such conditions respecting title or evidence of title, or other matter, as the trustees think fit, with power to vary any contract for sale, and to buy in at any auction, or to rescind any contract for sale, and to re-sell, without being answerable for any loss. This s. merely operates to supply the common form provisions of a trust for sale or a power of sale. It did not replace Part I. of Lord Cranworth’s Act, which was not repealed by this Act, but is now repealed by the Settled Land Act, s. 64. As to the duty of trustees where trust property is sold along with other property not subject to the trust: see Rede v. Oakes, 4 D. J. & S. 505 ; In re Cooper and Allen’s Contract, 4 Ch. D. 802. (2.) This section applies only if and as far as a con- trary intention is not expressed in the instrument creating the trust or power, and shall have effect subject to the terms of that instrument and to the provisions therein contained. (3) This section applies only to a trust or power -ereated by an instrument coming into operation after the commencement of this Act. A sufficient trust for sale may now be created by using the words “ Upon trust to sell the said premises,” and a sufficient power of sale by using the words “ with power to sell the said premises,” without more. 36.—(1). The receipt in writing of any trustees or trustee for any money, securities, or other personal pro- perty or effects payable, transferable, or deliverable - to CONVEYANCING AND LAW OF PROPERTY ACT. 87 them or him under any trust or power shall be a sufficient discharge for the same, and shall effectually exonerate the person paying, transferring, or delivering the same from seeing to the application or being answerable for any loss or misapplication thereof. (2.) This section applies to trusts created either before or after the commencement of this Act. This section replaces and is more comprehensive than s. 29 of Lord Cranworth’s Act, which was confined to money. The power to give receipts conferred by 22 & 28 Vict. c. 35, s. 23, had the same limited operation. Where trustees for sale, having no express power to give receipts, had sold to a railway company, the power given by these Acts was held to apply, and the purchase-money, which had been paid into Court, was ordered to be paid to them without serving the cestuis que trust: In re Thomas’s Settlement, W. N. 1882, p. 7. 3/¢7.—(1.) An executor may pay or allow any debt or claim on any evidence that he thinks sufficient. (2.) An executor, or two or more trustees acting to- gether, or a sole acting trustee where, by the instrument, if any, creating the trust, a sole trustee is authorized to execute the trusts and powers thereof, may, if and as he or they think fit, accept any composition, or any security, real or personal, for any debt, or for any property, real or personal, claimed, and may allow any time for payment of any debt, and may compromise, compound, abandon, submit to arbitration, or otherwise settle any debt, account, claim, or thing whatever relating to the testator’s estate or to the trust, and for any of those purposes may enter into, give, execute, and do such agreements, instru- ments of composition or arrangement, releases, and other things as to him or them seem expedient, without being responsible for any loss occasioned by any act or thing so done by him or them in good faith. (3.) As regards trustees, this section applies only if and as far as a contrary intention is not expressed in the in- strument, if any, creating the trust, and shall have effect subject to the terms of that instrument and to the pro- visions therein contained. SS. 36, 37. TRUSTEES AND EXECUTORS. Receipt clause extended. Application of this section. Power for executors and trustees to compound, &c. SS. 37, 38, 39. TRUSTEES AND EXECUTORS. Does not apply to an adminis- trator. Two or more trustees must act together. Powers to two or more executors or trustees, As to survivor of executors selling. MARRIED WOMEN. Power for Court to bind interest of married woman. Cases affected. 88 CONVEYANCING AND LAW OF PROPERTY ACT. (4.) This section applies to executorships and trusts constituted or created either before or after the com- mencement of this Act. This section does not apply to an administrator, who might be merely a creditor, or some one not necessarily a proper person to be invested with such large powers: see In re Clay and Tetley, 16 Ch. D. 3. It is conceived that where there are two or more trustees they must all act together under this section, except in trusts of a public character or where there is a special authority enabling the majority to bind the minority: see Lewin on Trusts, 228, 6th ed. 38.—(1.) Where a power or trust is given to or vested in two or more executors or trustees jointly, then, unless the contrary is expressed in the instrument, if any, creating the power or trust, the same may be exercised or performed by the survivor or survivors of them for the time being. (2.) This section applies only to executorships and trusts constituted after or created by instruments coming into operation after the commencement of this Act. Compare the Act 21 Hen. VIII. c. 4. This section removes any difficulty as to whether one surviving executor can sell under a devise to executors to sell (see Sug. Powers, 126 e¢ seq., 8th ed.); but it does not affect the rule that a power to two or more by name, who are not executors, being a personal power, will not survive (Sug. Powers, 128, 8th ed.). VIIIL—Marriep Women. 39.—(1.) Notwithstanding that a married woman is restrained from anticipation, the Court may, if it thinks fit, where it appears to the Court to be for her benefit, by judgment or order, with her consent, bind her interest in any property. } (2.) This section applies only to judgments or orders made after the commencement of this Act. . Before this Act the Court had no power to bind the interest of a married woman who was restrained from anticipation, however bene- ficial it might be to her to do so: see Robinson v. Wheelwright, 21 Beav. 214; 6 D. M. & G. 585; Tussaud v. Tussaud, 9 Ch. D. 875, per James, LiJ.; Smith v. Lucas, 18 Ch. D, 531. CONVEYANCING AND LAW OF PROPERTY ACT. 89 Applications under this section must be made by summons in Chambers, s. 69 (3), post, and not by petition: Re Lillwall’s Settlement, W. N. 1882, p. 6. See the observations of V.C. Hall on the intention of this section, Tamplin v. Miller, W. N. 1882, p. 44. The consent of a married woman under this section need not be ascertained by a separate examination: Hodges v. Hodges, 20 Ch. D. 749. 40.—(1.) A married woman, whether an infant or not, shall by virtue of this Act have power, as if she were unmarried and of full age, by deed, to appoint an attorney on her behalf for the purpose of executing any deed or doing any other act which she might herself exe- cute or do; and the provisions of this Act relating to instruments creating powers of attorney shall apply thereto. (2.) This section applies only to deeds executed after the commencement of this Act. This section when originally inserted had more special reference to the clauses struck out in the House of Commons enabling married women to convey by deed simply without acknowledgment. An acknowledged deed is necessarily incapable of being executed by attorney, but under this section a power of attorney will be effectual as regards all other deeds or acts capable of being executed or done by a married woman, For further provisions as to powers of attorney, see ss. 46-48, and C. A., 1882, s. 8, post; and see s. 50, post, enabling a married woman to convey freehold land, as defined by s. 2 (ii.), ante, and choses in action to her husband alone or jointly with another person ; and see C. A., 1882, s. 7, post, as to acknowledgment of deeds by married women. TX.— INFANTS. 41. Where a person in his own right seised of or en- titled to land for an estate in fee simple, or for any lease- hold interest at a rent,is an infant, the land shall be deemed to be a settled estate within the Settled Estates Act, 1877. This section enables the Court for the benefit of an infant to sell his fee simple estate, not only where he has acquired it under a settlement (see definition of “ settlement” in the Settled Estates Act, 1877), but SS. 39, 40, 41. MARRIED WoMEN. Applications under this section. How consent taken. Power of attorney of married woman, INFANTS. Sales and leases on behalf of infant owner. 40 & 41 Vict. c. 18. Sale of infant’s land in fee simple. SS. 41, 42. fer INFANTS. oe Leases and sales of infant’s land generally. Management of land and receipt and application of income during minority. Meaning of settlement. Applies where legal estate 90 CONVEYANCING AND LAW OF PROPERTY ACT. also where it has come to him by descent or devise in fee. Before this Act the Court had no authority to sell the real estate of an infant upon the mere ground that a sale would be beneficial (see Calvert v. Godfrey, 6 Beayv. 97; and cases cited, Dart, V. & P. 1223 (s), 5th ed.). It also enables the Court to authorize leases and sales of the infant’s land of every tenure, and it is conceived that the guardians of an infant may under this section, and ss. 46 and 49 of the Settled Estates Act, 1877, grant leases for twenty-one years of the infant’s land with- out the authority of the Court. As to the power of the Court to authorise leases of infant’s land under 11 Geo. 4 & 1 Will. 4, c. 65, see Simpson on Infants, p. 334, and Re Letchford, 2 Ch. D. 719. All the powers of the Settled Estates Act, 1877, may be executed by the guardians on behalf of the infant (s. 49). In Liddell v. Liddell, W. N. 1882, p. 183, property was devised to the sons and daughters of a testator successively on their attaining the age of twenty-one years, and in default of any son or daughter to the testator’s brother, who was of age. On the petition of the sons and daughters, who were infants, asking a sale, it was held that the estate came within this section, notwithstanding the gift over. Leases, sales, &c., of land to which an infant is absolutely entitled may now be effected under the Settled Land Act, 1882: see ss. 59, 60. 42.—(1.) If and as long as any person who would but for this section be beneficially entitled to the possession of any land is an infant, and being a woman is also un- married, the trustees appointed for this purpose by the settlement, if any, or if there are none so appointed, then the persons, if any, who are for the time being under the settlement trustees with power of sale of the settled land, or of part thereof, or with power of consent to or approval of the exercise of such a power of sale, or if there are none, then any persons appointed as trustees for this purpose by the Court, on the application of a guardian or next friend of the infant, may enter into and continue in possession of the land; and in every such case the sub- sequent provisions of this section shall apply. The word settlement” includes all settlements by whatever in- strument made, whether deed, will, writing, or Act of Parliament; this is clear from subs. 7, which refers to the instrument by which the settlement is made, and from the definition of “instrument,” s. 2 (xiii.). | This section includes the case where an infant takes by descent, also where the legal estate is vested in trustees upon trust to pay the CONVEYANCING AND LAW OF PROPERTY ACT. 91 rents and profits to an infant. By s. 2 (iii.) possession includes receipt of income, and income includes rents and profits. (2.) The trustees shall manage or superintend the management of the land, with full power to fell timber or cut underwood from time to time in the usual course for sale, or for repairs or otherwise, and to erect, pull down, rebuild, and repair houses, and other buildings and erections, and to continue the working of mines, minerals, and quarries which have usually been worked, and to drain or otherwise improve the land or any part thereof, and to insure against loss by fire, and to make allowances to and arrangements with tenants and others, and to de- termine tenancies, and to accept surrenders of leases and tenancies, and generally to deal with the land in a proper and due course of management; but so that, where the infant is impeachable for waste, the trustees shall not commit waste, and shall cut timber on the same terms only, and subject to the same restrictions, on and subject to which the infant could, if of full age, cut the same. (3.) The trustees may from time to time, out of the income of the land, including the produce of the sale of timber and underwood, pay the expenses incurred in the management, or in the exercise of any power conferred by this section, or otherwise in relation to the land, and all outgoings not payable by any tenant or other person, and shall keep down any annual sum, and the interest of any principal sum, charged on the land. Where, subject to certain trusts, an infant is absolutely entitled to the beneficial interest in land, the legal estate being in trustees, the Court has jurisdiction to direct the raising by mortgage of money for repairs: Jackson v. Talbot, 21 Ch. D. 786. (4.) The trustees may apply at discretion any income which, in the exercise of such discretion, they deem proper, according to the infant’s age, for his or her main- tenance, education, or benefit, or pay thereout any money to the infant’s parent or guardian, to be applied for the same purposes. The power in this subs. and in s, 48 (i.) to pay income to the parent S. 42. — INFANTS. vested in trustees. Mortgage for repairs on infant’s pro- perty. Payment of S. 42. INFANTS, income to parent or guardian. What invest- ments of trust money autho- rized by law. 92 CONVEYANCING AND LAW OF PROPERTY ACT. or guardian for the infant’s maintenance, education, or benefit, neces- sarily implies a power for the parent or guardian to give receipts, and exempts a person paying from seeing to the application of the money, just as a like power to trustees is necessarily implied where they are directed to sell land and divide the proceeds amongst infants (Sowarsby v. Lacy, 4 Mad. 142; Lavender v. Stanton, 6 Mad. 46). (5.) The trustees shall lay out the residue of the in- come of the land in investment on securities on which they are by the settlement, if any, or by law, authorized to invest trust money, with power to vary investments ; and shall accumulate the income of the investments so made in the way of compound interest, by from time to time similarly investing such income and the resulting income of investments; and shall stand possessed of the accumulated fund arising from income of the land and from investments of income on the trusts following (namely) : The following are securities authorized by law for investment by trustees, namely,— 1. Consolidated 3 per cent. Annuities. 2. Real securities in the United Kingdom, or stock of the Bank of England or Ireland, if not expressly forbidden: 22 & 23 Vict. c. 35, 8. 82; 23 & 24 Vict. c. 38, s. 12; real securities in Eng- land or Wales, proper for investment by trustees, being first mortgages of fee simple or copyhold lands, and in Ireland first mortgages of fee simple lands, or of leaseholds for lives at a head rent perpetually renewable, and also of lands held under fee farm grants made pursuant to 12 & 138 Vict. c. 105, and 31 & 32 Vict. c. 62. 3. East India stock created under Acts passed before the 20th August, 1867 (30 & 381 Vict. ¢. 182, s. 1), and under subsequent Acts, 32 & 33 Vict. c. 106; 36 & 37 Vict. c. 32; 37 & 38 Vict. c. 3; 40 & 41 Vict. c. 51; and 42 & 438 Vict. c. 60; and securities the interest of which is guaranteed by Parliament (30 & 31 Vict. c. 132, s. 2). 4, Reduced and New £38 per cent. and £2 10s. per cent. Government Annuities and Exchequer Bills, where trustees are authorised to - - invest in Government or Parliamentary securities (28 & 24 Vict. c. 38, s. 11, and Orders of the lst February, 1861). 5. Debenture stock of companies in the mortgages or bonds whereof trustees are authorised to invest: 34 & 35 Vict. c 27. 6. Debentures or debenture stock issued under the Local Loans Act, 1875, where trustees are authorised to invest in the ~ CONVEYANCING AND LAW OF PROPERTY ACT. 93 debentures or debenture stock of companies: 88 & 89 Vict. 6183, 8.27. 7. Stock of the Metropolitan Board of Works where government securities are authorised : 84 & 35 Vict. c. 47, s. 13. 8. Charges under the Improvement of Land Act, 1864, or mortgages thereof, where trustees are authorized to invest in real securities : 27 & 28 Vict. c. 114, s 60. 9. The special Acts of many local authorities and corporations con- tain an express provision authorizing their debentures or deben- ture stock to be taken by trustees. Ga.) If the infant attains the age of twenty-one years, then in trust for the infant ; ai.) If the infant is a woman and marries while an infant, then in trust for her separate use, inde- pendently of her husband, and so that her receipt after she marries, and though still an infant, shall be a good discharge; but (ii.) If the infant dies while an infant, and being a woman without having been married, then, where the infant was, under a settlement, tenant for life, or by purchase tenant in tail or tail male or tail female, on the trusts, if any, declared of the accumulated fund by that settlement; but where no such trusts are declared, or the infant has taken the land from which the accumulated fund is derived by descent, and not by pur- chase, or the infant is tenant for an estate in fee simple, absolute or determinable, then in trust for the infant’s personal representatives, as part of the infant’s personal estate ; but the accumulations, or any part thereof, may at any time be applied as if the same were income arising in the then current year. (6.) Where the infant’s estate or interest is in an un- divided share of land, the powers of this section relative to the land may be exercised jointly with persons entitled to possession of, or having power to act in relation to, the other undivided share or shares. (7.) This section applies only if and as far as a con- trary intention is not expressed in the instrument under S. 42. INFANTS. SS. 42, 43. od INFANTS. ——— How far this section agrees with the usual form. Application ~by trustees of income of property of infant for maintenance, &e. Does not apply where vesting is after 21. 94 CONVEYANCING AND LAW OF PROPERTY ACT. which the interest of the infant arises, and shall have effect subject to the terms of that instrument and to the provisions therein contained. (8.) This section applies only where that instrument comes into operation after the commencement of this Act. This section goes somewhat beyond what can be done by deed. The trust extends over the minority of a tenant in tail by descent, as well as the minority of a tenant in tail by purchase, which in a deed or will would be a void trust (see 1 Jarman, 274, 4th ed.) To this there is practically no objection, as the same accumulation would take place by operation of law or under the direction of the Court in an adminis- tration action. Under subs. 5 the trust for disposal of the proceeds of accumulation is strictly confined within what could be done by deed or will. 43.—(1.) Where any property is held by trustees in trust for an infant, either for life, or for any greater interest, and whether absolutely, or contingently on his attaining the age of twenty-one years, or on the occur- rence of any event before his attaining that age, the trustees may, at their sole discretion, pay to the infant’s parent or guardian, if any, or otherwise apply for or to- wards the infant’s maintenance, education or benefit, the income of that property, or any part thereof, whether there is any other fund applicable to the same purpose, or any person bound by law to provide for the infant’s maintenance or education, or not. This s. does not apply to property the vesting of which is postponed beyond the age of twenty-one years. In all cases where the vesting is so postponed maintenance, education, and accumulation clauses will still be necessary. As to the implied power of the parent or guardian to give receipts for income, see n. to s, 42 (4). (2.) The trustees shall accumulate all the residue of that income in the way of compound interest, by in- vesting the same and the resulting income thereof from time to time on securities on which they are by the settlement, if any, or by law, authorized to invest trust money, and shall hold those accumulations for the benefit CONVEYANCING AND LAW OF PROPERTY ACT. 995 of the person who ultimately becomes entitled to the property from which the same arise; but so that the trustees may at any time, if they think fit, apply those accumulations, or any part thereof, as if the same were income arising in the then current year. For investments of trust money authorized by law, see n. to s. 42 (5), supra. (3.) This section applies only if and as far as a con- trary intention is not expressed in the instrument under which the interest of the infant arises, and shall have effect subject to the terms of that instrument and to the provisions therein contained. (4.) This section applies whether. that instrument comes into operation before or after the commencement of this Act. This section replaces s. 26 of Lord Cranworth’s Act, and is so worded as to avoid the question raised in the case of In re George, 5 Ch. D. 837, on the words in that Act, “the income to which such infant may be entitled in respect of such property.” In the case of a simple pecuniary legacy to an infant contingent on his attaining twenty-one, and carry- ing interest in the meantime, the executors being bound to set it apart and accumulate the income, it is conceived that in the absence of any direction to the contrary, the effect of this section is, that if the infant dies under twenty-one the residuary legatee takes only the accumula- tions representing the unapplied residue of the income (see Jn re Cotton, 1 Ch. D. 282). On the other hand if no interest is payable on the legacy till the infant attains twenty-one, there is no income to which the section can apply, and the residuary legatee takes the income of the residue without deduction till the legacy becomes vested. The short effect of the section seems capable of being stated thus: Where the income will go along with the capital if and when the capital vests, then the income is applicable under the section for the benefit of the infant, otherwise not. S. 42 authorizes the application of the rents and profits of land as defined by s. 2 (ii.) for the maintenance, education, or benefit of an infant only where the instrument under which the interest of the infant arises comes into operation after 1881, but s, 43 applies to any property as defined by s. 2 (i.), whether the instrument comes into operation after 1881 or not. S. 43. INFANTS. Applies to all cases where income goes with capital. Difference between s. 42 and s. 43, — S. 44. RENTCHARGES AND OTHER ANNUAL SUMS. Remedies for recovery of annual sums charged on land, 96 CONVEYANCING AND LAW OF PROPERTY ACT. X.—RENTCHARGES AND OTHER ANNUAL SUMS. 44. (1.) Where a person is entitled to receive out of any land, or out of the income of any land, any annual sum, payable half-yearly or otherwise, whether charged on the and or on the income of the land, and whether by way of rentcharge or otherwise, not being rent inci- dent to a reversion, then, subject and without prejudice to all estates, interests, and rights having priority to the annual sum, the person entitled to receive the same shall have such remedies for recovering and compelling pay- ment of the same as are described in this section, as far as those remedies might have been conferred by the instrument under which the annual sum arises, but not further. (2.) If at any time the annual sum or any part thereof is unpaid for twenty-one days next after the time ap- pointed for any payment in respect thereof, the person entitled to receive the annual sum may enter into and distrain on the land charged or any part thereof, and dispose according to law of any distress found, to the intent that thereby or otherwise the annual sum and all arrears thereof, and all costs and expenses occasioned by non-payment thereof, may be fully paid. (3.) If at any time the annual sum or any part thereof is unpaid for forty days next after the time appointed for any payment in respect thereof, then, although no legal demand has been made for payment thereof, the person entitled to receive the annual sum may enter into pos- session of and hold the land charged or any part thereof, and take the income thereof, until thereby or otherwise the annual sum and all arrears thereof due at the time of his entry, or afterwards becoming due during his continuance in possession, and all costs and expenses occasioned by nonpayment of the annual sum, are fully paid ; and such possession when taken shall be without impeachment of waste. (4.) In the like case the person entitled to the annual charge, whether taking possession or not, may also by CONVEYANCING AND LAW OF PROPERTY ACT. 97 deed demise the land charged, or any part thereof, to a trustee for a term of years, with or without impeachment of waste, on trust, by mortgage, or sale, or demise, for all or any part of the term, of the land charged, or of any part thereof, or by receipt of the income thereof, or by all or any of those means, or by any other reasonable means, to raise and pay the annual sum and all arrears thereof due or to become due, and all costs and expenses occasioned by nonpayment of the annual sum, or in- curred in compelling or obtaining payment thereof, or otherwise relating thereto, including the costs of the preparation and execution of the deed of demise, and the costs of the execution of the trusts of that deed; and the surplus, if any, of the money raised, or of the income received, under the trusts of that deed shall be paid to the person for the time being entitled to the land therein comprised in reversion immediately ex- pectant on the term thereby created. (5.) This section applies only if and as far as a con- trary intention is not expressed in the instrument under which the annual sum arises, and shall have effect subject to the terms of that instrument and to the provisions therein contained. (6.) This section applies only where that instrument comes into operation after the commencement of this Act. This section gives the remedy ordinarily inserted in settlements and wills, for enforcing payment of a rentcharge, except that instead of a term, power only is given to limit a term. No more seems required, as the remedy by means of a term is rarely wanted, and if wanted the term can be created. Where by reason of a lease being prior in date to the limitation of a rentcharge, or being granted under a power in a settlement or will which gives it priority to a rentcharge, the lessee’s title is paramount to the rentcharge, the remedy by distress is not available, the lessee being only liable to pay his rent, and this rent is only payable to the reversioner. Hence the necessity for a power to create a term. 45.—(1.) Where there is a quit-rent, chief-rent, rent- charge, or other annual sum issuing out of land (in this section referred to as the rent), the Copyhold Commis- H SS. 44, 45. RENTCHARGES AND OTHER ANNUAL SUMS. How agrees with usual form. Why a term is necessary. Redemption of quit-rents and other per- petual charges. S. 45. RENTCHARGES AND OTHER ANNUAL SUMS. Difficulty in providing for rents of limited owners. 98 CONVEYANCING AND LAW OF PROPERTY ACT. sioners shall at any time, on the. requisition of the owner of the land, or of any person interested therein, certify the amount of money in consideration whereof the rent may be redeemed. (2.) Where the person entitled to the rent is abso- lutely entitled thereto in fee simple in possession, or is empowered to dispose thereof absolutely, or to give an absolute discharge for the capital value thereof, the owner of the land, or any person interested therein, may, after serving one month’s notice on the person entitled to_ the rent, pay or tender to that person the amount certi- fied by the Commissioners. (3.) On proof to the Commissioners that payment or tender has been so made, they shall certify that the rent is redeemed under this Act; and that certificate shall be final and conclusive, and the land shall be thereby abso- lutely freed and discharged from the rent. (4.) Every requisition under this section shall be in writing ; and every certificate under this section shall be in writing, sealed with the seal of the Commissioners, » (5.) This section does not apply to tithe rentcharge, or to a rent reserved on a sale or lease, or to a rent made payable under a grant or licence for building purposes, or to any sum or payment issuing out of land not being perpetual. (6.) This section applies to rents payable at, or created after, the commencement of this Act. (7.) This section does not extend to Ireland. This section gives power to an owner to purchase up certain per- petual rents issuing out of his land. It applies only where there is a person seised in fee simple of the rent, or able (as in case of trustees with a power of sale) to give a discharge for the purchase-money, or (as in case of a tenant for life) to procure under the Settled Land Act such a discharge, and will have a limited operation, There is difficulty in any other case on account of the expense of dealing with the purchase- money, generally small. Perhaps hereafter some means may be found of enabling a landowner to purchase up and extinguish all rents including tithe rentcharge. The rents referred to in this section, except a perpetual rentcharge or annuity, are incidents of tenure, and would not be incumbrances within 8. 5. CONVEYANCING AND LAW OF PROPERTY ACT. 99 The entire expense of redeeming the rent necessarily falls on the person redeeming. He has to procure the certificate of the Copyhold Commissioners as to the amount to be paid, and as to payment or tender of that amount. The person entitled to the rent has nothing to do except to receive the redemption money. XI.—PoweErRs oF ATTORNEY. 46.—(1.) The donee of a power of attorney may, if he thinks fit, execute or do any assurance, instrument, or thing in and with his own name and signature and his own seal, where sealing is required, by the authority of the donor of the power; and every assurance, instrument, and thing so executed and done shall be as effectual in law, to all intents, as if it had been executed or done by the donee of the power in the name and with the signa- ture and seal of the donor thereof. (2.) This section applies to powers of attorney created by instruments executed either before or after the com- mencement of this Act. This section had especial reference to clauses which were struck out of the Bill in the House of Commons, but which are now embodied in the C. A., 1882, ss. 8 and 9. Under this section the execution after 1881 of an instrument by an attorney in his own name will not be invalid. It is not necessary, though it is proper, to express that he executes as attorney, or on behalf of his principal, or to use words to the like effect. 47.—(1.) Any person making or doing any payment or act, in good faith, in pursuance of a power of attorney, shall not be liable in respect of the payment or act by reason that before the payment or act the donor of the power had died or become lunatic, of unsound mind, or bankrupt, or had revoked the power, if the fact of death, lunacy, unsoundness of mind, bankruptcy, or revocation was not at the time of the payment or act known to the person making or doing the same. (2.) But this section shall not affect any right against the payee of any person interested in any money so paid; and that person shall have the like remedy against the H 2 SS. 45, 46, 47. RENTCHARGES AND OTHER ANNUAL SUMS. On whom expense falls. POWERS OF ATTORNEY. Execution under power of attorney. Payment by attorney under power without notice of death, &c. good. SS. 47, 48. POWERS OF ATTORNEY. As to com- pleting purchase under power of attorney under this s. Deposit of original instruments creating powers of attorney. 100 CONVEYANCING AND LAW OF PROPERTY ACT. payee as he would have had against the payer if the pay- ment had not been made by him. (3.) This section applies only to payments and acts made and done after the commencement of this Act. This section is supplementary to 22 & 23 Vict. c. 35, s. 26, which applied only to trustees, executors, and administrators. Further provision is made for powers of attorney by ss. 8 and 9 of the C. A., 1882, It is still necessary for a purchaser taking a con- veyance under power of attorney not made in accordance with that Act, to ascertain that the principal is alive at the time of execution of the conveyance. But this section seems to enable the attorney to give a valid discharge for the purchase-money, so that where the con- tract is binding on the vendor, the purchaser would obtain a good equitable title. The legal estate would remain outstanding, but a con- veyance could be obtained from the personal representatives under s. 4 or s. 30. Notwithstanding this section, it will be best still to continue the old practice of depositing or retaining the purchase-money until it is ascertained that the vendor survived the date of execution by his attorney, unless the power can be and is made absolutely irre- vocable under s. 8 of C. A., 1882, or made irrevocable for a specified period under s, 9 of that Act, and in the latter case the execution by the atiorney must be within the specified period. 48.—(1.) An instrument creating a power of attorney, its execution being verified by affidavit, statutory de- claration, or other sufficient evidence, may, with the affidavit or declaration, if any, be deposited in the Central Office of the Supreme Court of Judicature. (2.) A separate file of instruments so deposited shall be kept, and any person may search that file, and inspect every instrument so deposited, and an office copy thereof shall be delivered out to him on request. (3.) A copy of an instrument so deposited may be pre- sented at the office, and may be stamped or marked as an office copy, and when so stamped or marked shall become and be an office copy. (4.) An office copy of an instrument so deposited shall without further proof be sufficient evidence of the con- tents of the instrument and of the deposit thereof in the Central Office. (5.) General Rules may be made for purposes of this section, regulating the practice of the Central Office, and a CONVEYANCING AND LAW OF PROPERTY ACT. 101 prescribing, with the concurrence of the Commissioners of Her Majesty’s Treasury, the fees to be taken therein. See Rule under this section, infra, p. 167. (6.) This section applies to instruments creating powers of attorney executed either before or after the commencement of this Act. Where a person upon going abroad, or for any other reason, gives a general power of attorney, there is always a difficulty in securing its production for the benefit of those whose rights depend on an exercise of the power, the original document being necessarily retained for sub- sequent use. Under this section the original may be deposited, and may be inspected at any time by all persons interested, and an office copy may be obtained. XIJI.—ConstructTIoN AND EFrect oF DEEDS AND OTHER INSTRUMENTS. 49.—(1.) It is hereby declared that the use of the word grant is not necessary in order to convey tenements or hereditaments, corporeal or incorporeal. (2.) This section applies to conveyances made before or after the commencement of this Act. Since the Act 8 & 9 Vict. c. 106, s. 2, enabled land in possession to be conveyed by grant, it has been the practice to use that word in conveyances of freehold land, though probably not necessary, if the intent to pass the estate is clear (see Chester v. Willan, 2 Wms. Saund. 96a, (1); Shove v. Pincke, 5'T. R. 124). This section is intended to remove any question as to the necessity of so doing. In future the word “convey” will probably be used where convenient as to both freeholds and leaseholds (see s. 2 (v.), s. 57, and Forms in 4th schedule of this Act). It is not necessary to use the word “grant ” except where it implies covenants under Acts of Pai‘liament, as under s. 32 of the Lands Clauses Consolidation Act, 1845 (8 & 9 Vict. c. 18). 90,—(1.) Freehold land, or a thing in action, may be conveyed by a person to himself jointly with another person, by the like means by which it might be con- veyed by him to another person; and may, in like manner, be conveyed by a husband to his wife, and by a wife to her husband, alone or jointly with another person. SS. 48, 49, 50. POWERS OF ATTORNEY, CoNSTRUCTION AND EFFECT oF DEEDS AND OTHER IN- STRUMENTS. Use of word grant un- necessary As to necessity for word ‘“‘ grant.” Conveyance by a person to himself, &e. SS. 50, 51, 52. CONSTRUCTION AND EFFECT OF DEEDS AND OTHER IN- STRUMENTS. How land to be conveyed to tenants in common. Singular in- cludes plural and masculine feminine. Words of limitation in fee or in tail. Short expres- sion for estate tail, &e. Surrender of copyholds to . be expressed as heretofore. Powers simply collateral. 102 CONVEYANCING AND LAW OF PROPERTY ACT. (2.) This section applies only to conveyances made after the commencement of this Act. The first part of this section is supplementary to 22 & 238 Vict. c. 35, s. 21 (which applies only to personal property), and is only intended to apply to a conveyance in joint tenancy, as in tlie ordinary case of the appointment of a new trustee. If land conveyed by A. is to be held in common by himself and B., the proper course is either for A. to convey an undivided share to B., or to convey the entirety to B. to the use of himself and B. as tenants in common. The latter form would be adopted only to make covenants run with the land. It will be borne in mind in reading this and many other sections of the Act that under 13 & 14 Vict. c. 21, s. 4, the singular includes the plural, the plural the singular, and the masculine gender includes the feminine, in Acts of Parliament, unless the contrary is expressly provided. 51.—(1.) In a deed it shall be sufficient, in the limita- tion of an estate in fee simple, to use the words in fee simple, without the word heirs; and in the limitation of an estate in tail, to use the words in tail without the words heirs of the body; and in the limitation of an estate in tail male or in tail female, to use the words in tail male, or in tail female, as the case requires, without the words heirs male of the body, or heirs female of the. body. (2.) This section applies only to deeds executed after the commencement of this Act. See this section illustrated in the Fourth Schedule, Form IV. The principal effect of this section is to shorten the expressions required in a deed to create estates tail and cross remainders. There still remains the distinction between deeds and wills that in a will mary expressions, such as “ A, and his assigns for ever,” “A. and his issue,” &c., will create an estate of inheritance, but in a deéd no words are sufficient except either the old technical words or the words autho- rized by this section. This section applies only to deeds, therefore a surrender of copyholds should be made in the same terms according to the custom as before the Act. 52.—(1.) A person to whom any power, whether coupled with an interest or not, is given may by deed release, or contract not to exercise, the power. (2.) [his section apples to powers created by instru- CONVEYANCING AND LAW OF PROPERTY ACT. 103 ments coming into operation either before or after the commencement of this Act. This section removes the difficulty which arose from the indestructi- bility of powers simply collateral, that is powers given to a person, not taking any estate, to dispose of or charge the estate in favour of some other person (see Sug. Powers, 47, 49, 8thed.). At iim Pires La A married woman must acknowledge the deed of release in cases where before this Act acknowledgment was necessary to bind her interest in the subject matter to which the power relates (Sug. Powers, 92, 8th ed.; see also Chorley v. Lings, L. R. 4 0. P. 374; The Queen v. Harrald, L. R. 7 Q. B. 361), unless she was married after 1882, or unless, if married earlier, her interest accrued after that year (M.W.P.A., 1882, ss. 2 and 5). As to disclaimer of powers, see C. A., 1882, s. 6. 53.—(1.) A deed expressed to be supplemental to a previous deed, or directed to be read as an annex thereto, shall, as far as may be, be read and have effect as if the deed so expressed or directed were made by way of indorsement on the previous deed, or contained a full recital thereof. (2.) This section applies to deeds executed either before or after the commencement of this Act. The enactment in this section, though not necessary, seems required to introdtice the practice of using, instead of an indorsed deed, a separate deed in a similar form referring to but not reciting the previous deed. The reference to the previous deed need only be such as clearly to identify it. For this purpose the date and the parties will in most cases be sufficient (see Fourth Schedule, Form II.), If deeds be made up bookwise in a form now common, the supplemental deed can be attached after execution, and both together will be easily readable. A further charge cannot as a general rule be made by indorsement on the mortgage deed, which the mortgagee will not allow out of his possession, but a supplemental deed of further charge can be sent to the mortgagor for execution, and afterwards annexed by the mortgagee to his mortgage deed, without letting the latter go out of his possession, This s. only speaks of a deed supplemental to another deed, but any document may also be made supplemental toa deed or to any other document. 54,—(1.) A receipt for consideration money or securi- ties in the body of a deed shall be a sufficient discharge for the same to the person paying or delivering the SS. 52, 53, 54. CONSTRUCTION AND EFFECT OF DEEDS AND OTHER IN- STRUMENTS. —_— ; ‘yp Lat? » When release by married woman must be acknowledged. © emer. Disclaimer of powers. Construction of supplemental or annexed deed. Practical use of Ghis. 8.523: Any document may be sup- plemental. Receipt in deed sufficient. ‘ SS. 54, 55, 56. CONSTRUCTION AND EFFECT OF DEEDS AND OTHER IN- STRUMENTS. Receipt in deed or indorsed, evidence for subsequent purchaser, Effect of receipt in body of deed. Receipt in deed or indorsed, authority for payment to solicitor. Practice not altered. 104 CONVEYANCING AND LAW OF PROPERTY ACT. same, without any further receipt for the same being indorsed on the deed. (2.) This section applies only to deeds executed after the commencement of this Act. 09.—(1.) A receipt for consideration money or other consideration in the body of a deed or indorsed thereon shall, in favour of a subsequent purchaser, not having notice that the money or other consideration thereby acknowledged to be received was not in fact paid or given, wholly or in part, be sufficient evidence of the payment or giving of the whole amount thereof. (2.) This section applies only to Hea executed after the commencement of this Act. This and the preceding section make the receipt in the body of a deed executed after 1881, sufficient evidence of payment. Formerly that receipt was in equity little more than a mere form: see Kennedy v. Green, 3 My. & K. 699, 716; Greenslade v. Dare, 20 Beav. 284, 292, 06.—(1.) Where a solicitor produces a deed, having in the body thereof or indorsed thereon a receipt for consideration money or other consideration, the deed being executed, or the indorsed receipt being signed, by the person entitled to give a receipt for that considera- tion, the deed shall be sufficient authority to the’ person liable to pay or give the same for his paying or giving the same to the solicitor, without the solicitor producing any separate or other direction or authority in that behalf from the person who executed or signed the deed or receipt. (2. ) This section apples only in cases where cbnsigere tion is to be paid or given after the commencement of this Act. This s. meets the dictum of L.J. Turner in Viney v. Chaplin, 2 De G. & J. 468, 482, making an additional document necessary where the purchase-money was to be paid to the vendor’s solicitor, namely an express authority to pay to him: see also Hw parte Swinbanks, 11 Ch. D. 525. It makes no eerie ates in the mode of the procedure on the comple- tion of a purchase, but only gives an additional security to a pur- chaser. The absence of a written authority to a solicitor to receive CONVEYANCING AND LAW OF PROPERTY ACT. 109 consideration money was never relied on in practice as preventing pay- SS. 56, 57. ment. ach person entitled to receive acted as if the execution by him of the-deed and indorsed receipt enabled the producer of the deed ad eS AND EFFECT so executed to receive without further authority. This was the law or Drrps anp as supposed to be before Viney v. Chaplin, and is now the law in OTHER IN- We AY : ‘ STRUMENTS. reality. In practice it is perfectly well-known to all parties who is the solicitor acting for each person and entitled to receive; the payment will be made to him, and a purchaser knowingly making payment to the wrong person would not be absolved by this section. If any one of several persons entitled to receive chooses not to let the deed out of his possession, when executed by him, his only course is to attend on completion. = Sections 54 and 55 render unnecessary the indorsed receipt and the separate authority to pay, and prevent the difficulty and delay some- times caused by the omission to sign an indorsed receipt. The one receipt now required may be either in the body of the deed or indorsed. This s. does not and could not properly authorize payment by Payment by cheque instead of in cash. If, however, payment is made by cheque cheque. and accepted by the solicitor and the cheque is afterwards honoured, the purchaser will be safe. It is immaterial whether the money is paid by the purchaser’s solicitor in bank notes handed to him for the purpose, or by the purchaser’s banker in exchange for the purchaser’s cheque. In each case the money is paid to the solicitor producing the deed, and the section applies. If the cheque is not honoured there is no payment, and the section does not apply. The only person then affected is the solicitor accepting the cheque. If he has done so without authority, he may be liable to his own client for the consequences. Where the purchase-money is payable among several persons, the Payment to solicitor of each must arrange to attend, and, if necessafy, notice may several on be given to the solicitor of the person making the payment not to pay panes unless specified persons attend to receive. In most cases this is a matter which will cause no difficulty, the old practice before Viney v. Chaplin being simply restored. This section applies to vendors who are trustees: Re Bellamy, &c., sg. 56 applies W.N., 1882, p. 165. OD bot ND - CL ae ie “” 57. Deeds in the form of and using the expressions in Sufiiciency of the Forms given in the Fourth Schedule to this Act, or Qyoyy youth in the like form or using expressions to the like effect, shall, as regards form and expression in relation to the provisions of this Act, be sufficient. The forms referred to are not in any way directory. They are merely illustrative of the modes in which the Act may be applied in practice. S. 58. CONSTRUCTION AND EFFECT OF DEEDS AND OTHER INSTRUMENTS. Covenants to bind heirs, &e: Benefit of real covenants. Cases where “assigns ” must be mentioned. Covenants not between landlord and tenant where assigns have notice. Burden of real covenants, 106 CONVEYANCING AND LAW OF PROPERTY ACT. 58.—(1.) A covenant relating to land of inheritance, or devolving on the heir as special occupant, shall be deemed to be made with the covenantee, his heirs and assigns, and shall have effect as if heirs and assigns were expressed. (2.) A covenant relating to land not of inheritance, or not devolving on the heir as special occupant, shall be deemed to be made with the covenantee, his executors, administrators and assigns, and shall have effect as if executors, administrators, and assigns were expressed. (3.) This section apples only to covenants made after the commencement of this Act. This section renders unnecessary the mention of “ heirs and assigns,” or “executors, administrators, and assigns,” of the covenantee for the purpose of making the benefit of a covenant run with the land, but it does not make a covenant so run where it would not so run if the “heirs and assigns,” or “ executors, administrators, and assigns” were expressed. In the case of a lease s. 10 annexes to the reversion the benefit of all the lessee’s covenants, and so gives this benefit to “assigns” though not mentioned, and also though the covenant be not entered into with the reversioner, as where the lessor has a mere power; and s. 11 annexes the obligation of a lessor’s covenant to the reversionary estate, and so binds assigns though not mentioned where the lessor has power to bind that estate. In all other cases the obligation of a covenant relating to land is carried no further than before the Act, and to bind the “assigns” they must still be mentioned where mention was - necessary before the Act, for instance, in a lease’ where the covenant concerns a thing not in esse at the time of the demise, as to build a wall (Spencer’s Case, 1 Smith L. C. 8th ed. 68; Woodfall, L. & T. 147, 11th ed.). In cases other than those between landlord and tenant it is doubtful whether the obligation of any covenant runs with the land at law, independently of the Judicature Act, 1878 (86 & 37 Vict. c. 66, ss. 24, 25 (11)), but it does run in equity with notice, where the inten- tion is clear that the assigns should be bound (7ulk v. Moxhay, 2 Ph. 774, where the assigns were mentioned; Wilson v. Hart, L. R. 1 Ch. Ap. 463, where the assigns were not mentioned), and the covenant is merely restrictive of the user of land (Haywood v. Brunswick Building Society, 8 Q. B. D. 403, 408), except where it imposes an unreasonable burden on land, as in Keppell v. Batley, 2 My. & K. 517, 535. The result seems to be that it will be prudent that all covenants relating to land where the burden is intended to run with the land should be made by the covenantor for himself and his assigns. CONVEYANCING AND LAW OF PROPERTY ACT. 107 59.—(1.) A covenant, and a contract under seal, and a bond or obligation under seal, though not expressed to bind the heirs, shall operate in law to bind the heirs and real estate, as well as the executors and administrators and personal estate, of the person making the same, as if heirs were expressed. (2.) This section extends to a covenant implied by virtue of this Act. (3.) This section applies only if and as far as a con- trary intention is not expressed in the covenant, contract, bond, or obligation, and shall have effect subject to the terms of the covenant, contract, bond, or obligation, and to the provisions therein contained. (4.) This section applies only to a covenant, contract, bond, or obligation made or implied after the commence- ment of this Act. Though by the Act 32 & 33 Vict. c. 46, specialty debts binding the heirs rank no higher in the administration of assets than other debts against the land, there is still, under 11 Geo. 4 & 1 Will. 4, c. 47, ss. 6 and 8, the power to sue the heir or devisee personally for such debts, and obtain judgment against him to the extent of the assets which have devolved on him. Accordingly a creditor having so ob- tained judgment takes priority of other creditors against the land, and recovers without any necessity for probate or letters of administration, which are only required to support proceedings in an administration action. All covenants will now bind the heir or devisee so as to enable an action to be brought against him personally, though the heir is not expressly mentioned. It has always been unnecessary expressly to mention executors or administrators. 60.—(1.) A covenant, and a contract under seal, and a bond or obligation under seal, made with two or more jointly, to pay money or to make a conveyance, or to do any other act, to them or for their benefit, shall be deemed to include, and shall, by virtue of this Act, imply, an obligation to do the act to, or for the benefit of, the survivor or survivors of them, and to, or for the benefit of, any other person to whom the right to sue on the covenant, contract, bond, or obligation devolves. (2.) This section extends to a covenant implied by virtue of this Act. SS. 59, 60. CONSTRUCTION AND EFFECT OF DEEDS AND OTHER INSTRUMENTS. Covenants to extend to heirs, &e. Priority of judgment creditor. Effect of cove- nant with two, or more jointly, SS. 60, 61. CONSTRUCTION AND EFFECT OF DEEDS AND OTHER INSTRUMENTS. Effect of ss. 58-60. Effect of ad- vance on joint account, &¢. 108 CONVEYANCING AND LAW OF PROPERTY ACT. (3.) This section applies only if and as far as a contrary intention is not expressed in the covenant, contract, bond, or obligation, and shall have effect sub- ject to the covenant, contract, bond, or obligation, and to the provisions therein contained. | (4.) This section applies only to a covenant, contract, bond, or obligation made or implied after the commence- ment of this Act. This section must be read in connection with ss, 58 and 59, The effect of the three last preceding sections taken together is that every covenant may now be made in the simple form: “ A. hereby covenants with B. that,” &c.; or A. hereby covenants with B. and C. that,” &c., except covenants relating to land the burden of which is intended to run with the land, and in such covenants, for the reasons given in the note to s. 58, A. should covenant for himself and his assigns. The covenant will thus bind the heirs, and where relating to land of any tenure the benefit of it will run with the land as ifthe old full form applicable to the case had been used ; but where the burden is intended to run with the land the assigns of the covenantor should be men- tioned. Further it will be sufficient as regards the acts to be done under the covenant, to say “that A. will pay to B.,” or “that A. will at the request of B..do all such acts,” &c. ; “‘ that A. will pay to B. and C.,” or “that A. will at the request of B. and C. do all such acts,” &c. Under covenants in this form the heirs or assigns of B. (in case for instance of a covenant to pay rent of freehold land to B. the lessor), or the executors or administrators of B. (as in case of a mortgage debt payable to B.) will stand precisely in the place of B. Also the survivor of B. and C., or the heirs or assigns, or the executors, administrators, or assigns of such survivor, as the case may be, will stand precisely in the place of B. and C. as if the old full form of covenant had been used. Thus not only are all covenants greatly shortened, but the form of a covenant with several persons is reduced to that of a covenant with one person. The same principle applies to any contract under seal, as, for instance, the proviso for redemption or the proviso for reduction of the rate of interest on a mortgage, and to contracts in a marriage settlement. 61.—(1.) Where in a mortgage, or an obligation for payment of money, or a transfer of a mortgage or of such an obligation, the sum, or any part of the sum, advanced or owing is expressed to be advanced by or owing to more persons than one out of money, or as money, belonging to them on a joint account, or a CONVEYANCING AND LAW OF PROPERTY ACT. 109 mortgage, or such an obligation, or such a transfer is made to more persons than one, jointly, and not in shares, the mortgage money, or other money, or money’s worth for the time being due to those persons on the mortgage or obligation, shall be deemed to be and remain money or money’s worth belonging to those persons on a joint account, as between them and the mortgagor or obligor; and the receipt in writing of the survivors or last survivor of them, or of the personal representatives of the last survivor, shall be a complete discharge for all money or money’s worth for the time being due, notwithstanding any notice to the payer of a severance of the joint account. (2.) This section applies only if and as far as a con- trary intention is not expressed in the mortgage, or obligation, or transfer, and shall have effect subject to the terms of the mortgage, or obligation, or transfer, and to the provisions therein contained. (3.) This section applies only to a mortgage, or obliga- tion, or transfer made after the commencement of this Act. The ordinary joint account clause had two objects: (1) To rebut the presumption in equity that the money was advanced in equal shares, and to convert it into a joint advance; (2) The advance being origin- ally joint, to enable the money, after the death of one of the persons making the advance, to be paid to the survivors or the survivor, or his representatives, without inquiry whether the joint account had been severed, the clause operating in fact as a contract that a severance (if any) should not affect the right of the survivor to give a receipt. Both these objects are effected by the present section. The section applies either where the advance is expressly stated to be on a joint account, or where the security is not expressly made to persons in shares, so that an expression of the joint account is not necessary, though it is convenient as a direct statement of the rights of the mortgagees. 62.—.(1.) A conveyance of freehold land to the use that any person may have, for an estate or interest not exceeding in duration the estate conveyed in the land, any easement, right, liberty, or privilege in, or over, or with respect to that land, or any part thereof, shall operate to vest in possession in that person that ease- SS. 61, 62. CONSTRUCTION AND EFFECT or DEEDS AND OTHER INSTRUMENTS. Grant of ease- ments, &c., by way of use, SS. 62, 63, CONSTRUCTION AND EFFECT OF DEEDS AND OTHER IN- STRUMENTS. No new ease- ment can be created. Provision for _ all the estate, &e. *¢ All estate clause,” 110 CONVEYANCING AND LAW OF PROPERTY ACT. ment, right, liberty, or privilege, for the estate or interest expressed to be limited to him; and he, and the persons deriving title under him, shall have, use, and enjoy the same accordingly. (2.) This section applies only to conveyances made after the commencement of this Act. The Statute of Uses, 27 Hen. VIII. c. 10, s. 1 (by force, as it seems, of the words, “of and in such like estates”), enabled estates only to be raised by way of use, and s, 5 enabled rent-charges to be raised by way of use. The statute does not contain any section applicable to the creation of other interests de novo (see Beaudely v. Brook, Cro. Jac. 189; Bac. Ab. Uses, F.), but s. 1 enabled them when created for a freehold interest to be conveyed to uses, as being hereditaments, Con- sequently under a conveyance to uses or under a power of sale and exchange, a right of way or other easement or liberty could not be created, but being in existence could be conveyed. “ Deriving title” means by and according to law, consequently this s. does not confer any new power of transmitting title, nor enable the creation of any new kind of easement, nor make assignable that which was not by law assignable. For instance, a right of way in gross cannot be created capable of assignment: see Ackroyd v. Smith, 10 C. B. 164. That there may be an “ estate ” in an incorporeal here- ditament appears by the Statute of Uses, s. 5, which speaks of an estate in an annual rent. 63.—(1.) Every conveyance shall, by virtue of this Act, be effectual to pass all the estate, right, title, interest, claim, and demand which the conveying parties respectively have in, to, or on the property conveyed, or expressed or intended so to be, or which they respectively have power to convey in, to, or on the same. (2.) This section applies only if and as far as a contrary intention is not expressed in the conveyance, and shall have effect subject to the terms of the conveyance and to the provisions therein contained. (3.) This section applies only to conveyances made after the commencement of this Act. The object of this section is to abolish the “all estate” clause. The section does not say that every conveyance shall be deemed to contain this clause, which might be inconsistent with the terms of conveyance, as the word “ conveyance ” includes “ lease ” (see s. 2 (v.)). It merely confirms a previously existing rule of law, and applies the rule in the CONVEYANCING AND LAW OF PROPERTY ACT. 111 same cases, namely, where a contrary intention is not expressed. Even with an express “all estate” clause a lease could not pass the fee for want of the word “heirs” or “fee simple,” and also because the premises would be controlled by the habendum: Co, Lit. 188a; Buck- ler’s Case, 2 Co. 55; Shep. Touch. 113. 64. In the construction of a covenant or proviso, or other provision, implied in a deed by virtue of this Act, words importing the singular or plural number, or the masculine gender, shall be read as also importing the plural or singular number, or as extending to females, as the case may require. XITI.—Lone TErms. 65.—(1.) Where a residue unexpired of not less than two hundred years of a term, which, as originally created, was for not less than three hundred years, is subsisting in land, whether being the whole land originally com- prised in the term, or part only thereof, without any trust or right of redemption affecting the term in favour of the freeholder, or other person entitled in reversion expectant on the term, and without any rent, or with merely a peppercorn rent or other rent having no money value, incident to the reversion, or having had a rent, not being merely a peppercorn rent or other rent having no money value, originally so incident, which subse- quently has been released, or has become barred by lapse of time, or has in any other way ceased to be payable, then the term may be enlarged into a fee simple in the manner, and subject to the restrictions, in this section provided. The Statute of Limitations, 3 & 4 Will. 4, c. 27, does not apply to rent reserved on a lease (Grant v. Hillis, 9 Mees. & Welsby, 113; Sugden, Real Prop. Stat. 36, 63, 2nd ed.), but before that Act pre- sumption from lapse of time operated as a bar in cases where the old Act did not apply (Doe v. Prosser, Cowper, 217); and it is conceived that the same principle would hold now, so that after non-payment of rent for a long period it would be presumed to have been released: see Eldridge v. Knott, Cowper, 214. SS. 63, 64, 65. CONSTRUCTION AND EFFECT OF DEEDS AND OTHER © INSTRUMENTS, Construction of implied cove- nants. Lone TERMS. Enlargement of residue of long term into fee simple. Presumption of release of a rent. 112 CONVEYANCING AND LAW OF PROPERTY ACT. S. 65. (2.) Each of the following persons (namely): Loxa Terms, (1+) Any person beneficially entitled in right of the poo term, whether subject to any incumbrance or not, to possession of any land comprised in the term; but, in case of a married woman, with the concurrence of her husband, unless she is entitled for her separate use, whether with restraint on anticipation or not, and then without his concurrence ; If the married woman was married after 1882, or if her beneficial interest in the term was acquired after 1882, she holds it as her separate’ property, whether so expressed or not, under the M. W. P. A. 1882, ss, 2 and 5, and her husband’s concurrence is not necessary. (ii.) Any person being in receipt of income as trustee, in right of the term, or having the term vested in him in trust for sale, whether subject to any incumbrance or not; (ii.) Any person in whom, as personal representative of any deceased person, the term is vested, whether subject to any incumbrance or not; shall, as far as regards the land to which he is entitled, or in which he is interested, in right of the term, in any such character as aforesaid, have power by deed to declare to the effect that, from and after the execution of the deed, the term shall be enlarged into a fee simple. (3.) Thereupon, by virtue of the deed and of this Act, the term shall become and be enlarged accordingly, and the person in whom the term was previously vested shall acquire and have in the land a fee simple instead of the term. Section applies This section enables the conversion into fee simple of a long term in to cases where case where it is practically impossible that evidence of title to the Babbin « reversion in fee could exist at the expiration of the term, at least where value, the reversion is not vested in a corporation, and where also if such evidence did exist the value of the reversion must be infinitesimally small at the time of conversion. Old mode of Before the Act 8 & 9 Vict. c. 106, a tortious fee, and for all practical acquiring fee. purposes an actual fee, could be acquired by means of a feoffment: see 1 Sand. Uses, 80, 5th ed.; 2 2b. 14 et seg. But s. 4 of that Act took away the tortious effect of a feoffment, and rendered impossible CONVEYANCING AND LAW OF PROPERTY ACT. 113 the acquisition of a fee in place of a term. The usual origin of a long term is a mortgage by demise where the right of redemption has been foreclosed or has been barred by possession and lapse of time. ‘The fact that the land is not freehold is often overlooked, complication of title arises, and the intentions of a testator are sometimes frustrated, the leasehold interest passing under a gift not intended to include it. The power to convert into a fee is given to “any person beneficially entitled” “to possession ” (see definition of “ possession,” s. 2 (iii.), ante). Thus a tenant for life, legal or equitable, and whether the land is “subject to any incumbrance or not,” can effect the conversion. A trustee can only convert where the trust is active and he is in receipt of rent. Otherwise the beneficial owner is the person to convert. Thus a trustee under the usual trust for sale and conversion in a will would be the proper person to effect a conversion, but not the trustee under a settlement holding the term on trusts corresponding to the limitation of the freeholds. There the equitable tenant for life would be the proper person. A mortgagee cannot convert, as it would be improper to allow him to change the nature of his mortgagor’s estate. But the mortgagor can convert, the conversion being no injury to the mortgagee. The effect of subs. 3 is to defeat the reversion in fee in the same way as on a disentail, so that the fee acquired by conversion is free from all dealings affecting the original fee. The term capable of being enlarged by this Act has been explained by the Conveyancing Act of 1882, s. 11, which enacts that Section sixty-five of the Conveyancing Act of 1881 shall apply to and include, and shall be deemed to have always applied to and included, every such term as in that section mentioned, whether having as the immediate reversion thereon the freehold or not; but not— (i.) Any term liable to be determined by re-entry for condition broken; or (ii.) Any term created by sub-demise out. of a superior term, itself incapable of being enlarged into a fee simple. It follows that if A. having a lease for 999 years at a substantial rent demised to B. for 500 years without rent, taking a fine, then neither A. under s. 65 of the Act of 1881, nor B. under s. 11 of the Act of 1882 could acquire the fee. ‘The result would be the same if the lease for 999 years be not at a rent, but be liable to be determined by re-entry for condition broken. But if neither the lease nor the sub- lease be at a rent, nor be liable to be determined by re-entry for con- dition broken, then B, could acquire the fee, notwithstanding that his immediate reversion is not the freehold, and could thus defeat A.’s T - S. 65. LonG TERMS. Who has power to convert. Trustee. Mortgagor but not mortgagee, Effect of con- version CAs Lbe2, Saule Amendment of enactment respecting long terms. S. 65. Lone TERMS. Where no dealing tenure is changed ; contra where a conveyance for value 114 CONVEYANCING AND LAW OF PROPERTY ACT. term. A. could also acquire the fee as being entitled to possession (which includes receipt of rents and profits (if any), s. 2 (iii.)) in right of his term (see subs, 2 (i.)), but having done so would be liable to have his estate defeated by the enlargement of B.’s term. (4.) The estate in fee simple so acquired by enlarge- ment shall be subject to all the same trusts, powers, executory limitations over, rights, and equities, and to all the same covenants and provisions relating to user and enjoyment, and to all the same obligations of every kind, as the term would have been subject to if it had not been so enlarged. (5.) But where any land so held for the residue of a term has been settled in trust by reference to other land, being freehold land, so as to go along with that other land as far as the law permits, and, at the time of enlargement, the ultimate beneficial interest in the term, whether subject to any subsisting particular estate or not, has not become absolutely and indefeasibly vested in any person, then the estate in fee simple acquired as aforesaid shall, without prejudice to any conveyance for value previously made by a person having a contingent or defeasible interest in the term, be lable to be and shall be conveyed and settled in like manner as the other land, being freehold land, aforesaid, and until so conveyed and settled shall devolve beneficially as if it had been so conveyed and settled. Under subs. 5, where there has been no dealing for value with the ultimate beneficial interest in the term, and that interest has not become absolutely and indefeasibly vested (as where the term has been settled in the usual way, and no tenant in tail by purchase has attained twenty-one), the land on the enlargement of the term is for all purposes of descent, devise, &c., changed from leasehold to fee simple. It will no longer vest absolutely in the first tenant in tail who attains twenty- one, but will descend under the entail if not disentailed. This result is the same as that produced where leascholds are sold under a power of sale and the proceeds invested in fee simple land. Where there has been a conveyance for value the effect of that conveyance is preserved. Thus suppose the settlement to be on A. for life, remainder to his sons successively in tail, remainder to C. in tail, remainder to D. in fee, A. has no son of age, the term has not become absolutely and indefeasibly vested in any person, therefore the estate in CONVEYANCING AND LAW OF PROPERTY ACT. 115 fee simple acquired by enlargement should be conveyed to the uses of the settlement, and in the meantime will devolve accordingly as to the equitable interest. But C. will become absolutely entitled to the term in case A. dies without having a son who attains the age of twenty-one or dies under that age without leaving issue inheritable, and if C. has mortgaged this contingent interest then the mortgagee will take the fee obtained by enlargement in the same event in which he would have taken the term, but the equity of redemption will devolve under the entail. If a son of A. attains twenty-one before the enlargement is effected, then he becomes absolutely and indefeasibly entitled to the term, and this subs. 5 does not apply, but under subs. 4 the fee acquired is subject to the same trusts as the term, that is, a trust for the son absolutely, and no disentail is required. Under a will the land will pass as freehold or leasehold, according to its tenure at the time of the testator’s death. (6.) The estate in fee simple so acquired shall, whether the term was originally created without impeachment of waste or not, include the fee simple in all mines and minerals which at the time of enlargement have not been severed in right, or in fact, or have not been severed or reserved by an inclosure Act or award. (7.) This section applies to every such term as afore- said subsisting at or after the commencement of this Act. Subs. 6 in effect gives to the owner of a fee obtained by enlargement the right to the mines in fee as well as the land, except in those cases where there is a possibility that the mines can be shewn to be vested in some other person than the reversioner in fee. Mines severed in right (as by conveyance separately from the land) will also be severed in fact, but the words “iu fact” seem also required to save the title of a person in possession of mines without obliging him to shew that they have been severed in right. XIV.—ADOPTION OF ACT. 66.—(1.) It is hereby declared that the powers given by this Act to any person, and the covenants, provisions, stipulations, and words which under this Act are to be deemed included or implied in any instrument, or are by this Act made applicable to any contract for sale or other transaction, are and shall be deemed in law proper powers, covenants, provisions, stipulations, and words, to be given by or to be contained in any such instrument, or to be adopted in connexion with, or applied to, any i 2 SS. 65, 66. Lone TERMS. Saves the right to mines not vested in surface owner, ADOPTION OF ACT. Protection of solicitor and trustees adopting Act. SS. 66, 67. ADOPTION OF ACT. ee ee Solicitor’s responsibility in reference to adoption of the Act. Adoption by trustees, MISCELLA= NEOUS. Regulations respecting notice, 116 CONVEYANCING AND LAW OF PROPERTY ACT. such contract or transaction ; and a solicitor shall not be deemed guilty of neglect or breach of duty, or become in any way liable, by reason of his omitting, in good faith, in any such instrument, or in connexion with any such contract or transaction, to negative the giving, inclusion, implication, or application of any of those powers, covenants, provisions, stipulations, or words, or to insert or apply any others in place thereof, in any case where the provisions of this Act would allow of his doing so. (2.) But nothing in this Act shall be taken to imply that the insertion in any such instrument, or the adoption in connexion with, or the application to, any contract or transaction, of any further or other powers, covenants, provisions, stipulations, or words is improper. (3.) Where the solicitor is acting for trustees, executors, or other persons in a fiduciary position, those persons shall also be protected in like manner. 7 (4.) Where such persons are acting without a solicitor, they shall also be protected in like manner. Under this s. a solicitor adopting the Act and framing his drafts so as to incorporate the forms contained in the Act, or so as not to exclude any provisions of the Act, incurs no responsibility, those forms and provisions being by this section declared proper. The same holds as to a trustee or executor. If he uses other forms his responsi- bility remains the same as before the Act. Having regard to subs. 3, trustees and executors will probably always require the Act to be adopted, thereby obtaining express statutory protection. X V.—MISCELLANEOUS. 67,—(1.) Any notice required or authorized by this Act to be served shall be in writing. (2.) Any notice required or authorized by this Act to be served on a lessee or mortgagor shall be sufficient, although only addressed to the lessee or mortgagor by that designation without his name, or generally to the persons interested without any name, and notwithstanding that any person to be affected by the notice is absent, under disability, unborn, or unascertained. CONVEYANCING AND LAW OF PROPERTY ACT. 117 (3.) Any notice required or authorized by this Act to be served shall be sufficiently served if it is left at the last-known place of abode or business in the United Kingdom of the lessee, lessor, mortgagee, mortgagor, or other person to be served, or, in case of a notice required or authorized to be served on a lessee or mortgagor, 1s affixed or left for him on the land or any house or building comprised in the lease or mortgage, or, in case of a mining lease, is left for the lessee at the office or counting-house of the mine. (4.) Any notice required or authorized by this Act to be served shall also be sufficiently served, if it is sent by post in a registered letter addressed to the lessee, lessor, mortgagee, mortgagor, or other person to be served, by name, at the aforesaid place of abode or business, office, or counting-house, and if that letter is not returned through the post-office undelivered; and that service shall be deemed to be made at the time at which the registered letter would in the ordinary course be delivered. (5.) This section does not apply to notices served in proceedings in the Court. . As to service on mortgagor of notice to sell by mortgagee, see note to s. 20 (i.), ante. 68. The Act described in Part IL of the First Schedule to this Act shall, by virtue of this Act, have the short title of the Statutory Declarations Act, 1835, and may be cited by that short title in any declaration made for any purpose under or by virtue of that Act, or in any other document, or in any Act of Parliament. The object of this s. is to render unnecessary the long and cumbrous title of the Act referred to. The Form given in the schedule to that Act will now run thus: I, A. B., do solemnly .... and by virtue of the Statutory Declarations Act, 1835, &c. XVI.—CourtT; PROCEDURE; ORDERS. 69.—(1.) All matters within the jurisdiction of the Court under this Act shall, subject to the Acts regulating SS. 67, 68, 69. MISCELLA- NEOUS. Service on mortgagor. Short title of 5 & 6 Will. 4, c. 62. CouRT; PRO- CEDURE } ORDERS. Regulations respecting I. SS. 69, 70. CourT; PRO- CEDURE 5 ORDERS. payments into Court and applications. 39 & 40 Vict. Coosa ete Orders of Court con- clusive. 118 CONVEYANCING AND LAW OF PROPERTY ACT. the Court, be assigned to the Chancery Division of the Court. (2.) Payment of money into Court shall effectually exonerate therefrom the person making the payment. (3.) Every application to the Court shall, except where ‘it is otherwise expressed, be by summons at Chambers. (4.) On an application by a purchaser notice shall be served in the first instance on the vendor. (5.) On an application .by a vendor notice shall be served in the first instance on the purchaser. (6.) On any application notice shall be served on such persons, if any, as the Court thinks fit. (7.) The Court shall have full power and discretion to make such order as it thinks fit respecting the costs, charges, or expenses of all or any of the parties to any application. (8.) General Rules for purposes of this Act shall be deemed Rules of Court within section seventeen of the Appellate Jurisdiction Act, 1876, and may be made accordingly. (9.) The powers of the Court may, as regards land in the County Palatine of Lancaster, be exercised also by the Court of Chancery of the County Palatine; and Rules for regulating proceedings in that Court shall be from time to time made by the Chancellor of the Duchy of Lancaster, with the advice and consent of a Judge of the High Court acting in the Chancery Division, and of the Vice-Chancellor of the County Palatine. (10.) General Rules, and Rules of the Court of Chancery of the County Palatine, under this Act may be made at any time after the passing of this Act, to take effect on or after the commencement of this Act. 70.—(1.) An order of the Court under any statutory or other jurisdiction shall not as against a purchaser be invalidated on the ground of want of jurisdiction, or of want of any concurrence, consent, notice, or service, whether the purchaser has notice of any such want or not. CONVEYANCING AND LAW OF PROPERTY ACT. 119 (2.) This section shall have effect with respect to any lease, sale, or other act under the authority of the Court, and purporting to be in pursuance of the Settled Estates Act, 1877, notwithstanding the exception in section forty of that Act, or to be in pursuance of any former Act repealed by that Act, notwithstanding any exception in such former Act. (3.) This section apples to all orders made before or after the commencement of this Act, except any order which has before the commencement of this Act been set aside or determined to be invalid on any ground, and except any order as regards which an action or proceeding is at the commencement of this Act pending for having it set aside or determined to be invalid. This sect. has an important effect in making valid titles under sales by the Court. The order for sale is made conclusive in favour of a purchaser as to jurisdiction (for instance to sell part of a settled estate for any purpose) and as to consent (as of a respondent in a petition under the Settled Estates Act), notice, or service (as where a party to an action or a person served with notice of judgment in an action does not appear). It is also conclusive in favour of a purchaser as to dispensing with the concurrence or consent of persons entitled, whether the objection to the order appears on the face of it or not: Hall Dare’s Contract, 21 Ch. D, 41. This case appears to decide that every order of the right Court is valid in favour of a purchaser, ab. 47. Subss. 2 and 3 give this section an important retrospective effect by making valid every past lease or sale under the Settled Estates Acts of 1856 and 1877, where no proceedings have been taken to question the sale, notwithstanding that there has been in fact an omission to obtain the required consent under s. 28 of the first Act, or s. 40 of the second Act. X VII.—REPEALS. 71,—(1.) The enactments described in Part IIT. of the Second Schedule to this Act are hereby repealed. (2.) The repeal by this Act of any enactment shall not affect the validity or invalidity, or any operation, effect, or consequence, of any instrument executed or made, or of anything done or suffered, before the com- SS. 70, 71. CouRT; PRO- CEDURE ; ORDERS. 40 & 41 Vict. ey 18y 8340. What matters covered by this section. How far retro- spective, REPEALS. Repeal of enactments in Part III. of Second Schedule ; restriction on all repeals. SS. 71, 72. REPEALS. Powers under Lord Cran- worth’s Act preserved. IRELAND. Modifications respecting Ireland, 40 & 41 Vict. Gots aos 120 CONVEYANCING AND LAW OF PROPERTY ACT. mencement of this Act, or any action, proceeding, or thing then pending or uncompleted; and every such action, proceeding, and thing may be carried on and completed as if there had been no such repeal in this Act; but this provision shall not be construed as qualify- ing the provision of this Act relating to section forty of the Settled Estates Act, 1877, or any former Act repealed by that Act. Subs. 2 preserves to the full extent the power of sale given by Lord Cranworth’s Act in case of mortgages prior to 1882. The “ operation and effect” of the mortgage was under that Act to give every mort- gagee a power of sale unless otherwise agreed, and as a “ consequence ” he could sell. This “ operation, effect, and consequence ” are not to be affected by the repeal of the Act. As to the effect of the repeals in this s., see Quilter v. Mapleson, 9 Q,. B.D. 675, 677, X VIITI.—IRELAND. 72,—(1.) In the application of this Act to Ireland the foregoing provisions shall be modified as in this section provided. (2.) The Court shall be Her Majesty’s High Court of Justice in Ireland. (3.) All matters within the jurisdiction of that Court shall, subject to the Acts regulating that Court, be assigned to the Chancery Division of that Court; but General Rules under this Act may direct that any of those matters be assigned to the Land Judges of that Division. (4.) The proper office of the Supreme Court of Judi- cature in Ireland shall be substituted for the central office of the Supreme Court of Judicature. (5.) General Rules for purposes of this Act for Ireland shall be deemed Rules of Court within the Supreme Court of Judicature Act (Ireland), 1877, and may be made accordingly, at any time after the passing of this Act, to take effect on or after the commencement of this -Act. CONVEYANCING AND LAW OF PROPERTY ACT. 121 73.—(1.) Section five of the Vendor and Purchaser Act, 1874, is hereby repealed from and after the com- mencement of this Act, as regards cases of death there- atter happening; and section seven of the Vendor and Purchaser Act, 1874, is hereby repealed as from the date at which it came into operation. (2.) This section extends to Ireland only. (a) As to the meaning of a “ bare trustee,” see p. 193 (a), post. S. Tae oe IRELAND. Death of bare trustee (a) in- testate, &c. 37 & 38 Vict. read Hee 122 CONVEYANCING AND LAW OF PROPERTY ACT. SCHEDULES. SS THE FIRST SCHEDULE. ACTS AFFECTED (a). Part I. 1 & 2 Vict. c. 110.—An Act for abolishing arrest on mesne process in civil actions, except in certain cases; for extending the remedies of creditors against the property of debtors; and for amending the laws for the relief of insolvent debtors in England. 2 & 3 Vict. c. 11.—An Act for the better protection of pur- chasers against judgments, crown debts, lis pendens, and fiats in bankruptcy. 18 & 19 Vict. c. 15.—An Act for the better protection of purchasers against judgments, crown debts, cases of lis pendens, and life annuities or rentcharges. 22 & 23 Vict. c. 35.—An Act to further amend the law of property and to relieve trustees. 23 & 24 Vict. c. 388.—An Act to further amend the law of property. 23 & 24 Vict. c.115.—An Act to simplify and amend the practice as to the entry of satisfaction on Crown debts and on judgments. 27 & 28 Vict. c. 112.—An Act to amend the law relating to future judgments, statutes, and recognizances. 28 & 29 Vict. c. 104.—The Crown Suits, &c. Act, 1865. 31 & 82 Vict. c. 54.—The Judgments Extension Act, 1868. Part II. 5 & 6 Will. 4, c. 62.—An Act to repeal an Act of the present session of Parliament, intituled “‘ An Act for the more effectual abolition of oaths and affirmations taken and (a) The Acts in Part I. of this schedule were affected only by sections of the Bill struck out in the House of Commons, and the reference to them here should also have been struck out. (See Preface to the first edition.) But those sections are now included in s. 2 of the Conveyancing Act of 1882. CONVEYANCING AND LAW OF PROPERTY ACT. 123 made in various Departments of the State, and to sub- stitute declarations in lieu thereof; and for the more entire suppression of voluntary and extra-judicial oaths and affidavits ;” and to make other provisions for the abolition of unnecessary oaths. THE SECOND SCHEDULE. REPEALS. A description or citation of a portion of an Act is inclusive of the words, section, or other part, first or last mentioned, or otherwise referred to as furming the beginning, or as forming the end, of the portion comprised in the description or citation. Part I. 22 & 23 Vict.| An Act to further amend the). i pace: c. 35, in part. law of property and to relieve °F namely trustees ‘ Ne Sections four i nine. 23 & 24 Vict. |'The Common Law Procedure|in part; Guau,simpart.| Act, 18600) 82 eS. { namely,— Section two. PASC, 15 & 16 Vict. | An Act to amend the ting al In part ; c.86,in part.| and course of proceeding in namely,— the High Court of Chancery . Section forty-eight. Part III. 8 & 9 Vict. c. | An Act to facilitate the convey- 119. ance of real property. 23 & 24 Vict.| An Act to give to trustees, c.145,in part.| mortgagees, and others cer- ‘| tain powers now commonly > inserted in settlements, mort- gages, and wills. Parts IT. and ITI. (sections eleven to ey) (a). in part ; namely,— (a) Parts I. and LV. of the Act here referred tu have since been repealed by the Settled Land Act, 1882, s. 64. 124 CONVEYANCING AND LAW OF PROPERTY ACT. THE THIRD SCHEDULE. STATUTORY MORTGAGE. Pawn: Deed of Statutory Mortgage. Tus InrENTURE made by way of statutory mortgage the day of 1882 between A. of [dc.] of the one part and M. of [dc.| of the other part Wurnesseru that in con- sideration of the sum of £ now paid to A. by M. of which sum A. hereby acknowledges the receipt A. as mort- gagor and as beneficial owner hereby conveys to M. All that [dc.| To hold to and to the use of M. in fee simple for securing payment on the day of 1883 of the principal sum of £ as the mortgage money with interest thereon at the rate of | four] per centum per annum, In witness &c. *.” Variations in this and subsequent forms to be made, if required, for leasehold land, or other matter. Parr IL. (A.) Deed of Statutory Transfer, Mortgagor not joining. THis INDENTURE made by way. of statutory transfer of mortgage the day of 1883 between M. of [ &e. | of the one part and T. of [dc.] of the other part supplemental to an indenture made by way of statutory mortgage dated the day of 1882 and made between [dc.] WitT- NESSETH that in consideration of the sum of £ now paid to M. by 7. being the aggregate amount of £ mortgage money and £ + interest due in respect of the said mort- gage of which sum M. hereby acknowledges the receipt M. as mortgagee hereby conveys and transfers to T. the benefit of the said mortgage. In witness &e. CONVEYANCING AND LAW OF PROPERTY ACT. 125 (B.) Deed of Statutory Transfer, a Covenantor joining. THis InpENTURE made by way of statutory transfer of mortgage the day of 1883 between A. of [ éc.| of the first part B. of [dc.] of the second part and C. of [dc. | of the third part supplemental to an indenture made by way of statutory mortgage dated the day of 1882 and made between [dc.] WitnesserH that in consideration of the sum of £ now paid to A. by C. being the mortgage money due in respect of the said mortgage no interest being now due and payable thereon of which sum A. hereby acknowledges the receipt A. as mortgagee with the concur- rence of B. who joins herein as covenantor hereby conveys and transfers to C. the benefit of the said mortgage. In witness &e. (C.) Statutory Transfer and Statutory Mortgage combined. Tus INDENTURE made by way of statutory transfer of mortgage and statutory mortgage the day of 1883 between A. of [dc.] of the Ist part B. of [dc.] of the 2nd part and C. of [dc.] of the 3rd part supplemental to an indenture made by way of statutory mortgage dated the day of 1882 and made between [dc.] WHEREAS the principal sum of £ only remains due in respect of the said mortgage as the mortgage money and no interest is now due and payable thereon AND WHEREAS B. is seised in fee simple of the land comprised in the said mortgage subject to that mortgage Now Tais INDENTURE WITNESSETH that in consideration of the sum of £ now paid to A. by C. of which sum A. hereby acknowledges the receipt and B. hereby acknowledges the payment and receipt as aforesaid* A. as mortgagee hereby conveys and transfers to C. the benefit of the said mortgage AND THIS INDENTURE ALSO WITNESSETH that for the same consideration A. as mortgagee and according to his estate and by direction of B. hereby conveys and B. as beneficial owner hereby conveys and confirms to C. All that [dc.] To hold to and to the use of C. in fee simple for 126 CONVEYANCING AND LAW OF PROPERTY ACT. securing payment on the day of 1882 off the sum of £ as the mortgage money with interest thereon at the rate of [ four] per centum per annum. In witness &e. [Or, in case of further advance, after aforesaid at * insert and also in consideration of the further sum of £ now paid by C. to B. of which sum B. hereby acknowledges the receipt, and after of at f insert the sums of £ and £ making together | *.* Variations to be made, as required, in case of the deed being made by indorsement, or in respect of any other thing. Part III. Deed of Statutory Re-conveyance of Mortgage. Tis InDeNTURE made by way of statutory re-conveyance of mortgage the day of 1884 between C. of [| éc.] of the one part and B. of | éc.| of the other part supplemental to an indenture made by way of statutory transfer of mort- gage dated the day of 1883 and made between [dec.| WiurnesseTtH that in consideration of all principal money and interest due under that indenture having been paid of which principal and interest C. hereby acknowledges the receipt C. as mortgagee hereby conveys to B. all the lands and hereditaments now vested in C. under the said indenture ‘To hold to and to the use of B. in fee simple discharged from all principal money and interest secured by and from all claims and demands under the said indenture. In witness &c. *.* Variations as noted above. THE FOURTH SCHEDULE. SHORT FORMS OF DEEDS. L.— Mortgage. Tas LypeNTURE OF Morteace made the day of 1882 between A. of [dc.] of the one part and B. of [dc.}] and C. of {dc.] of the other part Wurnesseru that in considera- tion of the sum of £ paid to A. by B. and C. out of CONVEYANCING AND LAW OF PROPERTY ACT. 127 money belonging to them on a joint account of which sum A. hereby acknowledges the receipt A. hereby covenants with B. and C. to pay to them on the day of 1882 the sum of £ with interest thereon in the mean- time at the rate of [ four] per centum per annum and also as long after that day as any principal money remains due under this mortgage to pay to B. and C. interest thereon at the same rate by equal half-yearly payments on the day of and the day of AND THIS INDENTURE ALSO WITNESSETH that for the same consideration A. as bene- ficial owner hereby conveys to B. and C. All that [de.] To hold to and to the use of B. and C. in fee simple subject to the proviso for redemption following (namely) that if A. or any person claiming under him shall on the day of 1882 pay to B. and C. the sum of £ and interest thereon at the rate aforesaid then B. and C. or the persons claiming under them will at the request and cost of A. or the persons claiming under him re-convey the premises to A. or the persons claiming under him Awnp A. hereby covenants with B. as follows [here add covenant as to fire insurance or other special covenant required |. In witness, &c. II.—Further Charge. Tunis INDENTURE made the day of 18 between [the same parties as the foregoing mortgage] and supplemental to an indenture of mortgage dated the day of 18 and made between the same parties for securing the sum of £ and interest at [ fowr] per centum per annum on property at [dc.] WurnesserH that in consideration of the further sum of £ paid to A. by B. and C. out of money belonging to them on a joint account [add receipt and covenant as in the foregoing mortgage | and further that all the property comprised in the before-mentioned indenture of mortgage shall stand charged with the payment to B. and C. of the sum of £ and the interest thereon hereinbefore covenanted to be paid as well as the sum of £ and interest secured by the same indenture. In witness, &c. 128 CONVEYANCING AND LAW OF PROPERTY ACT. III.—Conveyance on Sale. Tis INDENTURE made the day of 1883 between A. of [dc.] of the 1st part B. of [dc.] and C. of [éc.] of the 2nd part and M. of [dc.] of the 3rd part Wuereas by an indenture dated [dc.]| and made between [dc.] the lands hereinafter mentioned were conveyed by A. to B. and C. in fee simple by way of mortgage for securing £ and interest and by a supplemental indenture dated [dc.| and made between the same parties those lands were charged by A. with the payment to B. and C. of the further sum of £ and interest thereon AND WHEREAS a principal sum of £ remains due under the two before-mentioned indentures but all interest thereon has been paid as B. and C. hereby acknowledge Now tTuis INDENTURE WITNESSETH that in consideration of the sum of £ paid by the direction of A. to B. and C. and of the sum of £ paid to A. those two sums making together the total sum of £ paid by M. for the purchase of the fee simple of the lands hereinafter mentioned of which sum of £ B. and C. hereby acknowledge the receipt and of which total sum of £ A. hereby acknowledges the payment and receipt jn manner before-mentioned B. and C. as mortgagees and by the direction of A. as beneficial owner hereby convey and A. as beneficial owner hereby conveys and confirms to M. All that [de.] ‘To hold to and to the use of M. in fee simple discharged from all money secured by and from all claims under the before-mentioned indentures [Add, if required, And A. hereby acknowledges the right of M. to production of the documents of title mentioned in the Schedule hereto and to delivery of copies thereof and hereby undertakes for the safe custody thereof. In witness, &e. [The Schedule above referred to. To contain list of documents retained by A.] IV.—Marriage Settlement. Tuis INDENTURE made the day of 1882 between John M. of (dc.| of the Ist part Jane S. of [dc.] of the 2nd part and X. of [dc.| and Y. of [dc.] of the 3rd part WITNESSETH that in consideration of the intended marriage between John CONVEYANCING AND LAW OF PROPERTY ACT. 129 M. and Jane S. John M. as settlor hereby conveys to X. and Y. All that [de.] To hold to X. and Y. in fee simple to the use of John M. in fee simple until the marriage and after the marriage to the use of John M. during his life without impeachment of waste with remainder after his death to the use that Jane S.if she survives him may receive during the rest of her hfe a yearly jomture rentcharge of £ to commence from his death and to be paid by equal half-yearly payments the first thereof to be made at the end of six calendar months from his death if she is then living or if not a proportional part to be paid at her death and subject to the before-mentioned rentcharge to the use of X. and Y. for a term of five hundred years without impeachment of waste on the trusts hereinafter declared and subject thereto to the use of the first and other sons of John M. and Jane S. successively according to seniority in tail male with re- mainder [insert here, if thought desirable, to the use of the same first and other sons successively according to seniority in tail with remainder] to the use of all the daughters of John M. and Jane S. in equal shares as tenants in common in tail with cross remainders between them in tail with re- mainder to the use of John M. in fee simple [Insert trusts of term of 500 years for raising portions ; also, if required, power to charge jointure and portions on a future marriage ; also powers of sale, exchange, and partition (a), and other powers and provisions, if and as desired |. In witness &c. (a) Powers of sale, exchange, and partition are now supplied by the Settled Land Act, 1882, and should be omitted, For the same reason, powers of enfranchisement and leasing should also be omitted. TR — Preliminary. Short titles ; commence- ment; extent; interpretation. 44 & 45 Vict. ec. 41. What sections retrospective. 130 THE CONVEYANCING ACT, 1882. CHAPTER IV. THE CONVEYANCING ACT, 1882. 45 & 46 VICT. c. 39. An Act for further improving the Practice of Conveyancing ; and for other purposes. [10th August, 1882. | Br it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows: Preliminary. 1.—(1.) This Act may be cited as the Conveyancing Act, 1882; and the Conveyancing and Law of Property Act, 1881 (in this Act referred to as the Conveyancing Act of 1881) and this Act may be cited together as the Conveyancing Acts, 1881, 1882. (2.) This Act, except where it is otherwise expressed, shall commence and take effect. from and immediately after the thirty-first day of December one thousand eight hundred and eighty-two, which time is in this Act referred to as the commencement of this Act. Ss. 5-6, and s. 7, subs. 3, and s. 11 are retrospective, except in case of s. 5 as to pending actions, (3.) This Act does not extend to Scotland. (4.) In this Act and in the Schedule thereto— (i.) Property includes real and personal property, and any debt, and any thing in action, and any other right or interest in the nature of property, whether in possession or not; (ii.) Purchaser includes a lessee or mortgagee, or an intending purchaser, lessee, or mortgagee, or THE CONVEYANCING ACT, 1882. 131 other person, who, for valuable consideration, takes or deals for property, and purchase has a meaning corresponding with that of purchaser ; (ii.) The Act of the session of the third and fourth years of King William the Fourth (chapter seventy-four) “for the abolition of Fines and “ Recoveries, and for the substitution of more “simple modes of Assurance” is referred to as the Fines and Recoveries Act: and the Act of the session of the fourth and fifth years of King William the Fourth (chapter ninety-two) “ for “the abolition of Fines and Recoveries, and “ for the substitution of more simple modes of “ Assurance in Ireland” is referred to as the Fines and Recoveries (Ireland) Act. Searches. 2.—(1.) Where any person requires, for purposes of this section, search to be made in the Central Office of the Supreme Court of Judicature for entries of judg- ments, deeds, or other matters or documents, whereof entries are required or allowed to be made in that office by any Act described in Part I. of the First Schedule to the Conveyancing Act of 1881, or by any other Act, he may deliver in the office a requisition in that behalf, referring to this section. In respect to deeds this s. applies to those of which entries only are made, as a deed creating a rentcharge: it does not apply to deeds enrolled under any Act or statutory rule (see subs. 11 and note). A search would not usually be made for deeds enrolled under any Act or statutory rule. But search for disentailing deeds may in some cases be necessary: see note at the end of this s. infra, p. 134. (2.) Thereupon the proper officer shall diligently make the search required, and shall make and file in the office a certificate setting forth the result thereof; and office copies of that certificate shall be issued on requisition, and an office copy shall be evidence of the certificate. (3.) In favour of a purchaser, as against persons in- terested under or in respect of judgments, deeds, or other K 2 sit 1,22. Preliminary. 3 & 4 Will. 4. c. 74. 4&5 Will. 4. c. 92. Searches. Official nega- tive and other certificates of searches for judgments, crown debts, Ke. Search not usual for enrolled deeds. S. 2. Searches. 39 & 40 Vict. c. 59. 44 & 45 Vict. c. 68. 132 THE CONVEYANCING ACT, 1882. matters or documents, whereof entries are required or allowed as aforesaid, the certificate according to the tenour thereof, shall be conclusive, affirmatively or negatively, as the case may be. See definition of purchaser, s. 1 (4), (ii.). (4.) Every requisition under this section shall be in writing, signed by the person making the same, specify- ing the name against which he desires search to be made, or in relation to which he requires an office copy certifi- cate of result of search, and other sufficient particulars ; and the person making any such requisition shall not be entitled to a search, or an office copy certificate, until he has satisfied the proper officer that the same is required for the purposes of this section. (5.) General Rules shall be made for purposes of this section, prescribing forms and contents of requisitions and certificates, and regulating the praetice of the office, and prescribing, with the concurrence of the Commis- sioners of Her Majesty’s Treasury, the fees to be taken therein; which Rules shall be deemed Rules of Court within section seventeen of the Appellate Jurisdiction Act, 1876, as altered by section nineteen of the Supreme Court of Judicature Act, 1881, and may be made, at any time after the passing of this Act, to take effect on or after the commencement of this Act. See the rules under this s. infra, pp. 166-178. (6.) If any officer, clerk, or person employed in. the office commits, or is party or privy to, any act of fraud or collusion, or is wilfully negligent, in the making of or otherwise in relation to any certificate or office copy under this section, he shall be guilty of a misdemeanour. (7.) Nothing in this section or in any Rule made thereunder shall take away, abridge, or prejudicially affect any right which any person may have indepen- dently of this section to make any search in the office ; and every such search may be made as if this section or any such Rule had not been enacted or made. THE CONVEYANCING ACT, 1882. 133 (8.) Where a solicitor obtains an office copy certificate of result of search under this section, he shall not be answerable in respect of any loss that may arise from error in the certificate. (9.) Where the solicitor is acting for trustees, execu- tors, agents, or other persons in a fiduciary position, those persons also shall not be so answerable. (10.) Where such persons obtain such an office copy without a solicitor, they shall also be protected in like manner, : | (11.) Nothing in this section applies to deeds inrolled under the Fines and Recoveries Act, or under any other Act, or under any statutory Rule. (12.) This section does not extend to Ireland. A list of the searches to be made by a purchaser wil be found given in Dart, V. & P. vol. i. p. 455, 5th Hd. It is here only necessary to refer shortly to some of them. The search for judgments registered under 1 & 2 Vict. c. 110, and requiring to be re-registered every five years under 2 & 8 Vict. c. 11, now only applies to judgments entered upon or before 23rd July, 1860. Judgments entered up between that day and 30th July, 1864 (whether there be notice or not) do not affect a purchaser or mortgagee except upon writ issued and registered and execution levied within three calendar months after registration (23 & 24 Vict. c. 38). But the writ had to be registered in the name of the creditor, and not of the debtor (s. 2). In order, therefore, to search for writs of execution on judg- ments between 23rd July, 1860, and 30th July, 1864, it is necessary (1) to search for judgments against the owner between those dates, and having thus found the name of a judgment creditor (if any), then (2) to search for writs of execution in that name for three calendar months preceding the search. ‘This search, again, is only necessary in respect of judgments entered up to and including the 29th July, 1864. Judgments entered up after that day do not under 27 & 28 Vict. c. 112, affect land of any tenure until actually delivered in execution, so that a purchaser or mortgagee has only to see that the vendor or mortgagor is in possession at the time of completion. If therefore the age of the vendor or mortgagor is such that no judgment could have been obtained against him on or before 29th July, 1864, search for judgments against him is not necessary if he is in possession. But lands may be actually delivered in execution without any registration of the writ under 27 & 28 Vict. c. 112, and in cases where there is any supposed liability to an execution the best course is to ascertain, as late as practicable before completion, whether there is any writ in the ees Searches. 3 & 4 Will. 4. c. 74." Searches generally. Judgments. Writs of execution on judgments. Registration of writs under 23 & 24Vict.c. 38. S. 2. — Searches. Registration under 27 & 28 Vict. c. 112. No re- registration. wn debts. Lis pendens. Annuities. Disentailing deeds. Bankruptcies. Insolvencies. Extent of search. 134 THE CONVEYANCING ACT, 1882. hands of the sheriff. By s. 3 of that Act, the writ is only required to be registered after the land shall have been actually delivered in execu- tion; but this registration must be in the name of the judgment debtor, and no other or prior registration of the judgment is necessary. No re-registration of writs of execution is required. Crown debts are liable to continue in force against the debtor longer than judgments, the most common obligation to the Crown being the bond given on release of a railway deposit, but the cases must be rare in which a Crown debt before 4th June, 1839, is now subsisting so as_to necessitate a search at the Exchequer office. Crown debts after that date are required to be registered (2 & 3 Vict. c. 11, s. 8) ; and, in order to bind purchasers, mortgagees or creditors becoming such after 3lst December, 1859, to be re-registered every five years (22 & 23 Vict. c. 35,s. 22). So that fora Crown debt from 4th June, 1839, up to and including Ist November, 1865, a search for five years only is required. As to Crown debts after the latter date, the search must be for writs“of execution under 28 & 29 Vict. c. 104, s. 48, but there is no three months’ limit as there was in ease of executions on ordinary judgments under 23 & 24 Vict..c. 38. A lis pendens must be re-registered every five years (2 & 3 Vict. c. 11, s. 7), and the search should extend over that period. The search for old enrolled grants of annuities can now rarely, if ever, be necessary. The search for entries of grants of rentcharges after 26th April, 1855, registered under 18 & 19 Vict. c. 15, s. 12, should be from the com- mencement of the register if the person against whom search is made acquired the property and attained twenty-one before that day, but otherwise from the date of conveyance to him or the date when he attained twenty-one, whichever last happened. In case of entailed property a search for enrolled deeds of disentail from the time when the tenant in tail attained twenty-one may be advisable. He may have given a security while his estate was rever- sionary, thereby creating a base fee, and yet the deeds might be in his possession without any default on the part of the creditor. The search for bankruptcies must still be made by the purchaser’s solicitor until means are afforded for an official search. The search for insolvencies can rarely now be necessary. The practice is to make the above searches only since the last pre- ceding sale or mortgage, and not to search against preceding owners, it being assumed that they made proper searches and found nothing adverse; but it may be observed that the same practice is not generally observed in the case of searches in the Yorkshire, Middlesex, and Irish Deeds Registries. The searches tor judgments, lis pendens, and Crown debts may be limited in each case to the period of five years back from the time of search, but they should be made in the names of all persons who were THE CONVEYANCING ACT, 1882. 135 owners since the last purchase or mortgage (see Benham v. Keane, 1 J. & H. 685, 708) except where it is known that an owner had not attained twenty-one on 29th July, 1864. Writs of execution on Crown debts are entered in the same register as those on judgments under 27 & 28 Vict. c. 112 (Dart, voli. p. 495, 5th Ed.), and the time for search is not limited except by the com- mencement of the register (1st November, 1865) under 28 & 29 Vict. c. 104, so that the search for executions must be made generally back to that date, and the certificate will include executions (if any) on ordinary judgements as well as those on Crown debts (see note to Rules, Form VI. infra, p. 174). It would simplify the search if separate registers were kept, the number of executions on Crown debts being no doubt compa- ratively small, and the search for other executions being seldom necessary. The only search necessary against trustees, or mortgagees, is for lis pendens. It is not necessary to make any search against mortgagees who have been paid off: see 18 & 19 Vict. c. 15, s, 11. Where the vendor or mortgagor has in his possession certificates of official searches they ought now to be shewn on the abstract. In Procter v. Cooper (2 Drew. 1) a purchaser making a search for judgments was held to have notice of an incumbrance which he failed to discover. The official certificate is now conclusive on all matters within this section, and the solicitor should rely on that, and not search himself. Subs. 11 excludes from the operation of this s. all enrolled deeds, the object being to make the official certificate binding only on those who make use of the office register for recording their incumbrances, and not to affect the validity of any actual conveyance upon which the title to land depends, as in case of a disentailing assurance. But a search for enrolled deeds, though so excluded, can be asked for (Form III. post, p. 170), and a certificate of search will be obtained (Form VII.) It is conceived that a solicitor will be justified in relying on the official certificate so obtained, though this s. does not expressly exonerate him (a). ‘The Court could scarcely make him answerable for an omission by its own officer. If the certificate of search discloses an enrolled deed material to the title, an office copy of the enrolment may be obtained under the 5th of the Rules under s. 2 of C. A. 1882, p. 167, infra. An office copy is made evidence of the enrolment by 12 & 13 Vict.c.109,s.19. By s. 18 of that Act a certificate of enrolment is authorised to be endorsed (a) The bill as originally framed exonerated the solicitor, but did not make the certificate conclusive against persons deriving title under an enrolled deed. In the amendments made during the progress of the bill this exoneration appears to have been lost sight of. S. 2. Searches. Writs of execution on Crown debts. Trustees. Mortgagees who are paid off. Certificates of searches to be abstracted. Certificate conclusive. Enrolled deeds. Office copy and certificate of enrolment. SS. 2, 3. Searches. Notice. Restriction on constructive notice, 136 THE CONVEYANCING ACT, 1882. on every enrolled deed certifying the day of enrolment, and when sealed and stamped with the seal of the Enrolment Office, is evidence that the deed was enrolled on the day mentioned in the certificate. Notice. 3,—(1.) A purchaser shall not be prejudicially affected by notice of any instrument, fact, or thing, unless— (i.) It is within his own knowledge, or would have come to his knowledge if such inquiries and inspections had been made as ought ere to have been made by him; or (ii.) In the same transaction ah respect to mai a question of notice to the purchaser arises, it has come to the knowledge of his counsel, as such, or of his solicitor, or other agent, as such, or would have come to the knowledge of his soli- citor, or other agent, as such, if such inquiries and inspections had been made as ought reason- ably to have been made by the solicitor or other agent. (2.) This section shall not exempt a purchaser from any lability under, or any obligation to perform or observe, any covenant, condition, provision, or restriction contained in any instrument under which his title is derived, mediately or immediately ; and such liability or obligation may be enforced in the same manner and to the same extent as if this section had not been enacted. (3.) A purchaser shall not by reason of anything in this section be affected by notice in any case where he would not have been so affected if this section had not been enacted. (4.) This section apples to purchases made either before or after the commencement of this Act; save that, where an action is pending at the commencement of this Act, the rights of the parties. shall not be affected by this section. Subs. (ii.) prevents constructive notice under such circumstances as those in Hargreaves v. Rothwell, 1 Keen. 160. A purchaser cannot THE CONVEYANCING ACT, 1882. 137 avoid constructive notice by omitting to investigate the title, even though the law under an open contract precludes investigation (Patman v. Harland, 17 Ch. D. 353). Under subs. (ii.) there will be the same equitable remedy by injunction as before the Act. Leases. 4.—(1.) Where a lease is made under a power con- tained in a settlement, will, Act of Parliament, or other instrument, any preliminary contract for or relating to the lease shall not, for the purpose of the deduction of title to an intended assign, form part of the title, or evidence of the title, to the lease. (2.) This section applies to leases made either before or after the commencement of this Act. The effect of this s. is merely to prevent a purchaser of the lease after it is granted, requiring as part of his title an abstract and pro- duction of the contract under which it was granted ; thus placing the contract in the same position as a document shewing the freeholder’s title under V. & P. A.s, 2. Separate Trustees. 5.—(1.) On an appointment of new trustees, a separate set of trustees may be appointed for any part of the trust property held on trusts distinct from those relating to any other part or parts of the trust property; or, if only one trustee was originally appointed, then one separate trustee may be so appointed for the first-mentioned part. (2.) This section applies to trusts created either before or after the commencement of this Act. Plural includes singular, so that the words “on appointment of new trustees” include an appointment of one new trustee. Also the appointment need not be an appointment of trustees for the whole of the funds. The case contemplated by the s. is an appointment of a new trustee for one fund, and if a new trustee can be appointed for that one, it necessarily follows that the old trustee retires from that one. A power to retire is never expressly given where the retirement is consequent on a new appointment. The Court has appointed separate sets of trustees for distinct trusts, on petition under the Trustee Acts (see Re Cotterill’s Trusts, W. N. 1869, p. 183 ; Lewin on Trusts, 865 n., 6th ed.) It is conceived that this s. applies where a set of distinct trusts are SShgudew: Notice. Leases. Contract for lease not part of title to lease. Effect of s. 4. Separate Trustees. Appointment of separate sets of trustees, This s. applies to any ap- pointment. SS. 5, 6, 7. Separate Trustees. Powers. Disclaimer of power by trustees. Disclaimer of powers. Married Women. © Acknowledg- ment of deeds by married women. 138 - THE CONVEYANCING ACT, 1882. for the time being iu force as to a fund, though there may be an ulti- mate limitation over by reference to the trusts of some other fund. The reference is merely to save repetition, and does not make the two funds into one, though in certain cases there will be no duplication of charges: see [Hindle v. Taylor,5 D. M. & G. 577; Cooper v. Mac- donald, L. R. 16 Eq. 258. Powers. 6,—(1.) A person to whom any power, whether coupled with an interest or not, is given, may, by deed, disclaim the power ; and, after disclaimer, shall not be capable of exercising or joining in the exercise of the power. (2.) On such disclaimer, the power may be exercised by the other or others, or the survivors or survivor of the others, of the persons to whom the power is given, unless the contrary is expressed in the instrument creating the power. (8.) This section applies to powers created by instru- ments coming into operation either before or after the commencement of this Act. C. A. s. 52 enables the release of a power whether coupled with an interest or not, thereby extinguishing it,so that several trustees concurring can absolutely preclude themselves from ever exercising the power, but it does not enable one trustee alone to disclaim as he could disclaim a trust estate, so as to vest the power in the other trustees. This s. puts disclaimer of a power on the same footing as disclaimer of an estate (see Sugd. Powers, p. 50, 8th ed.) Married Women. 7.—(1.) In section seventy-nine of the Fines and Recoveries Act, and section seventy of the Fines and Recoveries (Ireland) Act, there shall, by virtue of this Act, be substituted for the words “two of the perpetual commissioners, or two special commissioners,” the words “one of the perpetual commissioners, or one special com- missioner ”; and in section eighty-three of the Fines and Recoveries Act, and section seventy-four of the Fines and Recoveries (Ireland) Act, there shall, by virtue of this Act, be substituted for the word “persons” the THE CONVEYANCING ACT, 1882. 139 word “person,” and for the word “commissioners” the words “a commissioner;” and all other provisions of those Acts, and all other enactments having reference in any manner to the sections aforesaid, shall be read and have effect accordingly. (2.) Where the memorandum of acknowledgment by a married woman of a deed purports to be signed by a person authorized to take the acknowledgment, the deed shall, as regards the execution thereof by the married woman, take effect at the time of acknowledgment, and shall be conclusively taken to have been duly acknowledged. The sections of the Fines and Recoveries Acts as they now stand, consequent on this repeal, will be found at p. 146, infra. The new form of memorandum is given in the Rules, infra, p. 165. The effect of this section is: 1. To substitute one perpetual or special commissioner in place of two. 2. To make a memorandum of acknowledgment indorsed on the deed sufficient, without any separate certificate to be filed. But under the M. W. P. A. every woman married after 1882, and every other married woman, as to property acquired after that year, is in the position of a feme sole, and can convey without any acknow- ledgment. (3.) A deed acknowledged before or after the com- mencement of this Act by a married woman, before a judge of the High Court of Justice in England or Ireland, or before a judge of a county court in England, or before a chairman in Ireland, or before a perpetual commis- sioner or a special commissioner, shall not be impeached or impeachable by reason only that such judge, chairman, or commissioner was interested or concerned either as a party, or as solicitor, or clerk to the solicitor for one of the parties, or otherwise, in the transaction giving occasion for the acknowledgment; and General Rules shall be made for preventing any person interested or concerned as aforesaid from taking an acknowledgment; but no such Rule shall make invalid any acknowledgment; and those Rules shall, as regards England, be deemed Rules of Court within section seventeen of the Appellate Juris- Effect of s. 7 ; and of M. W. P. A. 39 & 40 Vict. c. 59. Dis Married Women. 44 & 45 Vict. c. 68. 40 & 41 Vict. c. 57 140 THE CONVEYANCING ACT, 1882. diction Act, 1876, as altered by section nineteen of the Supreme Court of Judicature Act, 1881, and shall, as regards Ireland, be deemed Rules of Court within the Supreme Court of Judicature Act (Ireland), 1877, and may be made accordingly, for England and Ireland respectively, at any time after the passing of this Act, to take effect on or after the commencement of this Act. See rules under this s., infra, pp. 164-166. (4.) The enactments described in the Schedule to this Act are hereby repealed. (5.) The foregoing provisions of this section, including the repeal therein, apply only to the execution of deeds by married women after the commencement of this Act. (6.) Notwithstanding the repeal or any other thing in this section, the certificate, if not lodged before the com- mencement of this Act, of the taking of an acknowledg- ment by a married woman of a deed executed before the commencement of this Act, with any affidavit relating thereto, shall be lodged, examined, and filed in the like manner, and with the like effects and consequences as if this section had not been enacted. (7.) There shall continue to be kept in the proper office of the Supreme Court of Judicature an index to all certificates of acknowledgments of deeds by married women lodged therein, before or after the commence- ment of this Act, containing the names of the married women and their husbands, alphabetically arranged, and the dates of the certificates and of the deeds to which they respectively relate, and other particulars found con- venient ; and every such certificate lodged after the com- mencement of this Act shall be entered in the index as soon as may be after the certificate is filed. (8.) An office copy of any such certificate filed before or after the commencement of this Act shall be delivered to any person applying for the same; and every such office copy shall be received as evidence of the acknowlede- ment of the deed to which the certificate refers. THE CONVEYANCING ACT, 1882. 141 See forms of requisition for search for certificates of acknowledg- ments, infra, p. 172. Subs. 3 applies to deeds acknowledged before or after 1882, and subs. 5 applies to the execution of deeds after 1882. So far as regards the interest of the person since the Act, or either of the persons before the Act taking an acknowledgment, the deed is unimpeachable, whether executed before or after 1882. But so far as regards the manner of acknowledgment, the Act applies only to deeds executed after 1882. Certificates lodged after the commencement of the Act referred to in this subs. necessarily mean the certificates of acknowledgments taken but not lodged before the Act. An index of certificates of acknowledgment has still to be kept, to enable searches in regard to deeds executed before the Act. An official search can be obtained under the new Rules (see p. 175, infra). Powers of Attorney. 8,—(1.) If a power of attorney, given for valuable consideration, is in the instrument creating the power ex- pressed to be irrevocable, then, in favour of a purchaser,-— (i.) The power shall not be revoked at any time, either by anything done by the donor of the power without the concurrence of the donee of the power, or by the death, marriage, lunacy, un- soundness of mind, or bankruptcy of the donor of the power; and (ii.) Any act done at any time by the donee of the power, in pursuance of the power, shall be as valid as if anything done by the donor of the power without the concurrence of the donee of the power, or the death, marriage, lunacy, un- soundness of mind, or bankruptcy of the donor of the power, had not been done or happened; and .(iii.) Neither the donee of the power nor the purchaser shall at any time be prejudicially affected by notice of anything done by the donor of the power, without the concurrence of the donee of the power, or of the death, marriage, lunacy, un- soundness of mind, or bankruptcy of the donor of the power. (2.) This section applies only to powers of attorney SS. 7, 8. Married Women. Powers of Attorney. Effect of power of attorney, for value, made absolutely irrevocable, SS. 8, 9. Powers of Attorney. Powers of attorney given for value. Effect of power of attorney, for value or not, made irrevocable: for fixed time. 142 THE CONVEYANCING ACT, 1882. created by instruments executed after the commencement of this Act. This section relates only to powers of attorney given for value, and enables a power of that kind to take the place of an actual transfer, but it is conceived that the attorney must be a person named; and the power lapses by his death. He may, however, be empowered -to appoint sub- stitutes. A person desiring to give a security may, in consideration of the loan, give an irrevocable power to transfer, or convey, or sell, thus enabling the lender to realise his security, if he so require. When the loan is repaid the power may be cancelled, and a transfer and re-transfer are thus avoided. The person taking the power must use all the same precautions as if he had taken an actual transfer, so as to prevent another transferee taking without notice. In the case of land, for instance, he must obtain the deeds. 9,—(1.) If a power of attorney, whether given for valuable consideration or not, is in the instrument creating the power expressed to be irrevocable for a fixed time therein specified, not exceeding one year from the date of the instrument, then, in favour of a purchaser,— (i.) The power shall not be revoked, for and during that fixed time, either by anything done by the donor of the power without the concurrence of the donee of the power, or by the death, marriage, lunacy, unsoundness of mind, or bankruptcy of the donor of the power; and (ii.) Any act done within that fixed time, by the donee of the power, in pursuance of the power, shall be as valid as if anything done by the donor of the power without the concurrence of the donee of the power, or the death, marriage, lunacy, un- soundness of mind, or bankruptcy of the donor of the power, had not been done or happened ; and (iii.) Neither the donee of the power, nor the purchaser, shall at any -time be prejudicially affected by notice either during or after that fixed time of anything done by the donor of the power during that fixed time, without the concurrence of the donee of the power, or of the death, marriage, THE CONVEYANCING ACT, 1882. 143 lunacy, unsoundness of mind, or bankruptcy of the donor of the power within that fixed time. (2.) This section applies only to powers of attorney created by instruments executed after the commence- ment of this Act. This section includes powers of attorney not given for value, as, for instance, where a person going abroad desires to give a power to sell property. The main difficulty hitherto has been that in order to make a complete title it was necessary to ascertain that the principal was living when the transfer under the power was made. In order to avoid this, the only course was to make an actual transfer on trust for sale. Ifno sale was made, a re-transfer became necessary, thus in the case of land putting two deeds in ‘the title. This section is supple- mentary to C. A. ss. 46, 47, ante, p. 99. Though not necessary since the C. A. s. 46, it is usual and proper that the attorney should sign the principal’s name and express the deed to be signed, sealed, and delivered by the attorney, naming him. The principal is named and described amongst the parties as if he himself executed, and no other reference is made to the attorney or the power, except in the signature and attestation clause (see as to execution by an attorney, Coombes’s Case, 9 Co. Rep. 77; Frontin v. Small, 2 Lord Raym. 1418; Wilks-v. Back, 2 East, 142 ; see also Lawrie v. Lees, 14 Ch. D. 249, 7 App. Cas. 19, where, though the attorneys executed in their own names, the inference was that they did so on behalf of their principal: 7 App. Cas. 28, per Lord Penzance). Executory Limitations. 10.—(1.) Where there is a person entitled to land for an estate in fee, or for a term of years absolute or deter- minable on life, or for term of life, with an executory limitation over on default or failure of all or any of his issue, whether within or at any specified period or time or not, that executory limitation shall be or become void and incapable of taking effect, if and as soon as there is living any issue who has attained the age of twenty-one years, of the class on default or failure whereof the limitation over was to take effect. (2.) This section applies only where the executory limitation is contained in an instrument coming into operation after the commencement of this Act. SS, 9, 10. Powers of Attorney. Power of attorney not given for value. Execution by attorney. Executory Limitations. Restriction on executory limitations. SS. 10, 11, 12. Executory Limitations. Executory limitations assimilated to strict settle- ment, Long Terms. Amendment of enactment respecting long terms, Mortgages. Reconveyance on mortgage. 144 THE CONVEYANCING ACT, 1882. An executory limitation generally prevented alienation for a longer period than an ordinary strict settlement. ‘Thus under a devise “to A. in fee simple, and if he die without issue living at his death, to B. in fee simple,” with further limitations over of the same kind, it was necessary that all the persons named should concur in a sale, whereas in case of an ordinary strict settlement on the several persons named and their issue, A. with his son, when of age, can bar the entail and sell. This section enables A. alone to sell when any child or other issue of his attains twenty-one, the limitations over becoming barred in the same event in which the entail under a strict settlement could be barred. The section gives no estate to the issue, but simply gives A. in his lifetime, when a child or other issue of his attains twenty-one, the same complete power of disposition as independently of the Act he would acquire at his death if a child or other issue of his were then living. The section only applies to an estate in fee or for life, or a term of years absolute or determinable with life. Long Terms. 11, Section sixty-five of the Conveyancing Act of 1881 shall apply to and include, and shall be deemed to have always applied to and included, every such term as in that section mentioned, whether having as the immediate reversion thereon the freehold or not; but not— (i.) Any term liable to be determined by re-entry for condition broken; or (u.) Any. term created by sub-demise out of a superior term, itself incapable of being enlarged into a fee simple. See note to OC. A. s. 65, p 113, supra. Mortgages. 12. The right of the mortgagor, under section fifteen of the Conveyancing Act of 1881, to require a mortgagee, instead of re-conveying, to assign the mortgage debt and convey the mortgaged property to a third person, shall belong to and be capable of being enforced by each incumbrancer, or by the mortgagor, notwithstanding any intermediate incumbrance ; but a requisition of an incum- brancer shall prevail over a requisition of the mortgagor, THE CONVEYANCING ACT, 1882. 145 and, as between incumbrancers, a requisition of a prior incumbrancer shall prevail over a requisition of a subse- quent incumbrancer. See note to C. A. s. 15, p. 55, supra. Saving. 13, The repeal by this Act of any enactment shall not affect any right accrued or obligation incurred thereunder 4 before the commencement of this Act; nor shall the same affect the validity or invalidity, or any operation, effect, or consequence, of any instrument executed or made, or of anything done or suffered, before the com- mencement of this Act; nor shall the same affect any action, proceeding, or thing then pending or uncom- pleted; and every such action, proceeding, and thing may be carried on and completed as if there had been no _ such repeal in this Act. SS. 12, 13. Mortgages. Saving. Restriction on repeals in this ct. 146 THE CONVEYANCING ACT, 1882. SCHEDULE. Section 7 (4.) REPEALS. 3 & 4 Will. 4. c. 74. | The Finesand Re-). As : in part. coveries Act. ~ , {7 Patt tea Section eighty-four, from and including the words “and the same judge,” to the end of that section. | Sections eighty-five to eighty- | eight inclusive. | 4&5 Will. 4. c. 92. | The Fines and Re- in part. coveries (Ire-;in part; namely,— land) Act Section seventy-five, from and including the words “and the. same judge,” to the end of that section. | Sections seventy six to seventy- nine, inclusive. 17 & 18 Vict.c.75 | An Act to remove doubts concerning the due acknowledgments of deeds by married women in certain cases. 41 & 42 Vict. c. 23. | The Acknowledgment of Deeds by Married Women (Ireland) Act, 1878. The 84th section of the English Fines and Recoveries Act as it now stands, consequent on the above repeal, is as follows :— LXXXIV. And be it further enacted, that when a married woman shall acknowledge any such deed as aforesaid, the Judge, Master in Chancery, or Commissioner taking such acknowledgment shall sign a memorandum, to be indorsed on or written at the foot or in the margin of such deed, which memorandum, subject to any alteration which may from time to time be directed by the Court of Common Pleas, shall be to the following effect ; videlicet [the form to be now used ts given in the Rules under the Fines and Recoveries Act, and s.7 of C. A., 1882, p. 165, post]. MARRIED WOMEN’S PROPERTY ACT, 1882. 147 CHAPTER V. MARRIED WOMEN’S PROPERTY ACT, 1882. 45 & 46 VICT. c. 75. An Act to consolidate and amend the Acts relating to the Property of Married Women. [18th August 1882. ] WHEREAS it is expedient to consolidate and amend the Act of the thirty-third and thirty-fourth Victoria, chapter ninety-three, intituled “The Married Women’s Property Act, 1870,” and the Act of the thirty-seventh and thirty- eighth Victoria, chapter fifty, intituled “ An Act to amend the Married Women’s Property Act (1870)”: Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows : See general observations on this Act, Chap. I, s. 2, supra. 1,—(1.) A married woman shall, in accordance with the provisions of this Act, be capable of acquiring, holding, and disposing by will or otherwise, of any real or personal property as her separate property, in the same manner as if she were a feme sole, without the intervention of any trustee. The whole effect of this section appears to be contained in the words “feme sole” and ‘ without the intervention of a trustee.” Before the Act it was competent for a married woman to “acquire, hold, and dispose of” property, but she was not entirely in the same position as a feme sole, and the intervention of a trustee was necessary to prevent the legal estate or right vesting in her husband, and to enable it to pass without an acknowledged deed. The words “separate property seem used, not as referable to separate use, but in the same way as a member of a partnership may be said to be entitled to certain property B 2 Married woman to be capable of holding pro- perty and of contracting as a feme sole. Trust property. 148 MARRIED WOMEN’S PROPERTY ACT, 1882. as his “separate property,” as distinguished from partnership pro- perty. This subs., taken by itself, is merely enabling; it does not say whether, in order to enable a married woman to take separate property it must be expressly given to her as such, in the same manner as for- merly in case of property given for her separate use. This, however, appears provided for by s. 2 as to a woman married after 1882, and by s. 5 as to a woman married before 1883, in respect to property acquired after 1882. Under these sections she is ‘entitled to have and to hold, and to dispose of in manner aforesaid, as her separate property,” so that an absolute separate title is thereby created, and it seems quite independent of the terms of gift, so that it is not now legally possible to create the old status as to property between husband and wife (see ante, pp. 7-9). Though, as will be subsequently shewn, the wording of s. 18 is rather deficient, it seems reasonably clear that this subs. and ss. 2 and 5 include all trust property: The words are in strictness only applicable to property of which she is beneficial owner, but as she is liable separately on contract or in tort, and her husband need not be a party to any action (subs. 2), the same reasoning applies as in Bathe v. Bank of England, 4 K. & J. 564. (2.) A married woman shall be capable of entering into and rendering herself lable in respect of and to the extent of her separate property on any contract, and of suing and being sued, either in contract or in tort, or other- wise, in all respects as if she were a feme sole, and her husband need not be joined with her as plaintiff or defendant, or be made a party to any action or other legal proceeding brought by or taken against her; and any damages or costs recovered by her in any such action or proceeding shall be her separate property ; and any damages or costs recovered against her in any such action or proceeding shall be payable out of her separate pro- perty, and not otherwise. | (3.) Every contract entered into by a married woman shall be deemed to be a contract entered into by her with respect to and to bind her separate property, unless the contrary be shown. (4.) Every contract entered into by a married woman with respect to and to bind her separate property shall bind not only the separate property which she is pos- sessed of or entitled to at the date of the contract, MARRIED WOMEN’S PROPERTY ACT, 1882. 149 but also all separate property which she may thereafter acquire. This subs. renders obsolete the decision in Pike v. Fitzgibbon, 17 Ch. D. 454, that the contract of a married woman bound so much only of her separate estate not subject to restraint on anticipation as existed at the date of the contract, and remained when judgment was enforced. But it does not make a contract by a married woman bind- ing on any property which she is restrained from anticipating: see s. 19, post. As to the definitions of “contract” and “ property,” see s. 24, post. (5.) Every married woman carrying on a trade sepa- rately from her husband shall, in respect of her separate property, be subject to the bankruptcy laws in the same way as if she were a feme sole. There seems no reason now why a married woman should not be a partner in trade with her husband. If so, does she carry on trade separately from him? Also, if she does not carry on trade, is she sub- ject to the bankrupt laws in the same manner as any other non-trader ? It is conceived that this subs. is not restrictive, and that as a feme sole in respect to her property, she must be subject to the same laws and liabilities as an actual feme sole. 2. Every woman who marries after the commencement of this Act shall be entitled to have and to hold as her separate property and to dispose of in manner afore- said all real and personal property which shall belong to her at the time of marriage, or shall be acquired by or devolve upon her after marriage, including any wages, earnings, money, and property gained or acquired by her in any employment, trade, or occupation, in which she is engaged, or which she carries on separately from her husband, or by the exercise of any literary, artistic, or scientific skill, ’ 8. Any money or other estate of the wife lent or en- trusted by her to her husband for the purpose of any trade or business carried on by him, or otherwise, shall be treated as assets of her husband’s estate in case of his bankruptcy, under reservation of the wife’s claim to a dividend as a creditor for the amount or value of such money or other estate after, but not before, all claims of SS. 1, 2, 3. Property of a woman mar- ried after the Act to be held by her as a feme sole. Loans by wife to husband. SS.'4, 5, 6. Execution of general power. Property acquired after the Act by a woman mar- ried before the Act to be held by her asa feme sole. Interests con- tingent before 1883. As to stock, &c., to which a married woman is entitled. 150 MARRIED WOMEN’S PROPERTY ACT, 1882: the other creditors of the husband for valuable considera- tion in money or money’s worth have been satisfied. 4. The execution of a general power by will by a married woman shall have the effect of making the pro- perty appointed lable for her debts and other liabilities in the same manner as her separate estate is made liable under this Act. 5. Every woman married before the commencement of this Act shall be entitled to have and to hold and to dispose of in manner aforesaid as her separate property all real and personal property, her title to which, whether vested or contingent, and whether in possession, rever- sion, or remainder, shall accrue after the commencement of this Act, including any wages, earnings, money, and property so gained or acquired by her as aforesaid. The whole title must accrue after 1882, in order to be within this section. If there was any contingent interest before 1883, which ~ afterwards ripened into possession, the old law applies, See Atcherley v. Du Moulin, 2 K. & J. 186: Dering v. Kynaston, L. R. 6 Eq. 210; and Re Jones’ Will, 2 Ch. D. 362, as to contingent interests not falling within covenants to settle other property of the wife; and see contra, Cornmell v. Keith, 3 Ch. D. 767. 6. All deposits in any post office or other savings bank, or in any other bank, all annuities granted by the Com- missioners for the Reduction of the National Debt or by any other person, and all sums forming part of the public stocks or funds, or of any other stocks or funds transfer- able in the books of the Governor and Company of the Bank of England, or of any other bank, which at the commencement of this Act are standing in the sole name of a married woman, and all shares, stock, debentures, debenture stock, or other interests of or in any corpora- tion, company, or public body, municipal, commercial, or otherwise, or of or in any industrial, provident, friendly, benefit, building, or loan society, which at the commence- ment of this Act are standing in her name, shall be deemed, unless and until the contrary be shown, to be the separate property of such married woman; and the MARRIED WOMEN’S PROPERTY ACT, 1882. 151 fact that any such deposit, annuity, sum forming part of the public stocks or funds, or of any other stocks or funds transferable in the books of the Governor and Company of the Bank of England or of any other bank, share, stock, debenture, debenture stock, or other interest as aforesaid, is standing in the sole name of a married woman shall be sufficient prima facie evidence that she is SS. 6, 7. beneficially entitled thereto for her separate use, so as to — authorise and empower her to receive or transfer the same, and to receive the dividends, interests, and profits — thereof, without the concurrence of her husband, and to indemnify the Postmaster General, the Commissioners for the Reduction of the National Debt, the Governor and Company of the Bank of England, the Governor and Company of the Bank of Ireland, and all directors, managers, and trustees of every such bank, corporation, company, public body, or society as aforesaid, in respect thereof. This section applies to funds in the sole name of a married woman at the’commencement of the Act, although “ name,” and not “ sole name,” occurs in the 14th line. The next section applies to those subsequently transferred to her sole name. The words “ beneficiaily entitled ” appear to exclude the case of trust property, which, however, seems supplied by s. 18. This section uses the old expressions ‘‘ separate property as a married woman,” and “separate use,” but nothing seems to arise thereon. The words “separate use” and “separate property as a married woman” seem to be used as equivalent expressions (see note to s. 1 (1), p. 147). In the next section ‘‘ separate property ” is again used. It is presumed they mean the same thing as “separate property as a feme sole,” the general effect of the Act being to abolish all the old relation- ship as to property between husband and wife, and leave no application for the doctrine of separate use (see ante, p. 6). 7. All sums forming part of the public stocks or funds, or of any other stocks or funds transferable in the books of the Bank of England or of any other bank, and all such deposits and annuities respectively as are men- tioned in the last preceding section, and all shares, stock, debentures, debenture stock, and other interests of or in any such corporation, company, public body, or As to stock, &c., to be transferred, &c., to a mar- ried woman. SS. 7, 8. Investments in joint names of married women and others. 152 MARRIED WOMEN’S PROPERTY ACT, 1882. society as aforesaid, which after the commencement of this Act shall be allotted to or placed, registered, or transferred in or into or made to stand in the sole name of any married woman shall be deemed, unless and until the contrary be shown, to be her separate property, in respect of which so far as any liability may be incident thereto her separate estate shall alone be liable, whether ‘the same shall be so expressed in the document whereby - her title to the same is created or certified, or in the books or register wherein her title is entered or recorded, or not. This section does not contain the words “ beneficially entitled,” and appears, therefore, to include trust property. See note to last section. Provided always, that nothing in this Act shall re- quire or authorise any corporation or joint stock company to admit any married woman to be a holder of any shares or stock therein to which any liability may be incident, contrary to the provisions of any Act of Parliament, charter, byelaw, articles of association, or deed of settle- ment regulating such corporation or company. 8, All the provisions herein-before contained as to deposits in any post office or other savings bank, or in any other bank, annuities granted by the Commissioners for the Reduction of the National Debt or by any other person, sums forming part of the public stocks or funds, or of any other stocks or funds transferable in the books of the Bank of England or of any other bank, shares, stock, debentures, debenture stock, or other interests of or in any such corporation, company, public body, or society as aforesaid respectively, which at the commencement of this Act shall be standing in the sole name of a married woman, or which, after that time, shall be allotted to, or placed, registered, or transferred to or into, or made to stand in, the sole name of a married-woman, shall respec- tively extend and apply, so far as relates to the estate, right, title, or interest of the married woman, to any of the particulars aforesaid which, at the commencement of this Act, or at any time afterwards, shall be standing in, MARRIED WOMEN’S PROPERTY ACT, 1882. 153 er shall be allotted to, placed, registered, or transferred to or into, or made to stand in, the name of any married woman jointly with any persons or person other than her husband. This section appears not to include trust property standing in the names of a married woman jointly with any persons or person other than her husband, at the commencement of the Act, but does include trust property subsequently transferred to her jointly with any persons or person other than her husband (sce notes to last two sections). 9. It shall not be necessary for the husband of any married woman, in respect of her interest, to join in the transfer of any such annuity or deposit as aforesaid, or any sum forming part of the public stocks or funds, or of any other stocks or funds transferable as aforesaid, or any share, stock, debenture, debenture stock, or other benefit, right, claim, or other interest of or in any such corpora- tion, company, public body, or society as aforesaid, which is now or shall at any time hereafter be standing in the sole name of any married woman, or in the joint names of such married woman and any other person or persons not being her husband. 10, If any investment in any such deposit or annuity as aforesaid, or in any of the public stocks or funds, or in any other stocks or funds transferable as aforesaid, or in any share, stock, debenture, or debenture stock of any corporation, company, or public body, municipal, com- mercial, or otherwise, or in any share, debenture, benefit, right, or claim whatsoever in, to, or upon the funds of any industrial, provident, friendly, benefit, building, or loan society, shall have been made by a married woman by means of moneys of her husband, without his consent, the Court may, upon an application under section seyen- teen of this Act, order such investment, and the dividends thereof, or any part thereof, to be transferred and paid respectively to the husband; and nothing in this Act contained shall give validity as against creditors of the husband to any gift, by a husband to his wife, of any property, which, after such gift, shall continue to be in the order and disposition or reputed ownership of the SS. 8, 9, 10. ee As to stock, &c., standing in the joint names of a married woman and others. Fraudulent investments with money of husband. Soy 1011 Moneys pay- able under policy of assur- ance not to form part of estate of the insured. 154 MARRIED WOMEN’S PROPERTY ACT, 1882. husband, or to any deposit or other investment of moneys of the husband made by or in the name of his wife in fraud of his creditors; but any moneys so deposited or invested may be followed as if this Act had not passed. 11. A married woman may by virtue of the power of making contracts herein-before contained effect a policy upon her own life or the life of her husband for her separate use ; and the same and all benefit thereof shall enure accordingly. A policy of assurance effected by any man on his own life, and expressed to be for the benefit of his wife, or of his children, or of his wife and children, or any of them, or by any woman on her own life, and expressed to be for the benefit of her husband, or of her children, or of her husband and children, or any of them, shall create a trust in favour of the objects therein named, and the moneys payable under any such policy shall not, so long as any object of the trust remains unperformed, form part of the estate of the insured, or be subject to his or her debts: Provided, that if it shall be proved that the policy was effected and the premiums paid with intent to defraud the creditors of the insured, they shall be entitled to receive, out of the moneys payable under the policy, a sum equal to the premiums so paid. The insured may by the policy, or by any memorandum under his or her hand, appoint a trustee or trustees of the moneys payable under the policy, and from time to time appoint a new trustee or new trustees thereof, and may make provision for the appointment of a new trustee or new trustees thereof, and for the investment of the moneys payable under any such policy. In default of any such appointment of a trustee, such policy, immediately on its being effected, shall vest in the insured and his or her legal personal representatives, in trust for the purposes aforesaid. If, at the time of the death of the insured, or at any time after- wards, there shall be no trustee, or it shall be expe- dient to appoint a new trustee or new trustees, a trustee or trustees or a new trustee or new trustees may be MARRIED WOMEN’S PROPERTY ACT, 1882. 155 appointed by any court having jurisdiction under the provisions of the Trustee Act, 1850, or the Acts amend- ing and extending the same. The receipt of a trustee or trustees duly appointed, or, in default of any such ap- pointment, or in default of notice to the insurance office, the receipt of the legal personal representative of the insured shall be a discharge to the office for the sum secured by the policy, or for the value thereof, in whole or in part. The following points seem to arise on this section, and may, it is conceived, be answered or explained as follows :— 1. A policy effected by a married woman remains her separate pro- perty if the objects in whose favour it is effected fail, and can be dis- posed of by her as a feme sole (see ss, 1, 24). 2. If the policy is effected by a man for the benefit of his wife and children, or by a woman for the benefit of her husband and children, the beneficiaries acquire at-the time or in the event specified in the policy, vested interests in like manner as in case of an ordinary policy effected and assigned to trustees on trust. If the policy is effected by a man for the benefit of his wife alone it should be expressed that she shall take only in case she survives him, as otherwise the money will be her separate property, and the right to it will, on her death before him, devolve either under her will, or, on intestacy, to her next of kin excluding him (see ante, p. 8). 3. The power to effect a policy is not it seems, as in the Act of 1870, confined to a married man or woman. An unmarried man or woman may under this section effect a policy for any future wife or husband and children, 4, Children only and not issue generally are within the section. 5. The policy under this section is in effect a complete settlement of personalty incapable of being defeated by the person making it though there be no wife or children in existence. Nor can the insured surrender the policy. 6. In the absence of wife or husband or child capable of taking under the trusts the policy is part of the estate of the insured, and would pass to his or her trustee in bankruptcy. A general power to surrender should not be reserved. If it were reserved, or could be implied, it ‘could be exercised by the trustee in bankruptcy and thus defeat the settlement. The only power reserved (if any) should be to surrender in exchange for a policy of smaller amount at a reduced premium, or with all premiums paid up. 7. Though this section does not, like the Act of 1870, say that wife and children are under the policy to take “‘according to the interest expressed,” yet the trusts of the policy money may, it is conceived, be Jn 13 & 14 Vict. c. 60. Points arising ons. 11. Policy effected by married woman. When interests vest under. How policy for benefit of wife should be ex- pressed. Policies effected under this s, by un- married per- sons. Issue other than children not within this s. Effect of this s. on policy, SS. 11, 12. ns Notice. Stamp. In whom policy vests, General effect of this s. Remedies of married woman for protection and security of separate property. 156 MARRIED WOMEN’S PROPERTY ACT, 1882. moulded in any way the insured desires for the benefit of wife and children. 8. The words ‘in default of notice to the insurance office” mean in default of notice of appointment of trustees of the policy money. But during the insured’s life where there are no trustees, notices of assign- ments and charges must, it is conceived, be given to the office, there being no one else to receive them, and the office must record and acknowledge them as in case of an ordinary policy. No other notice seems possible. Nevertheless the office may pay the money to the - trustees thereof when appointed, or, if none, to the insured’s personal representatives, but should in each case hand over copies of the notices. | 9. Assuming the policy to have no money value, no settlement stamp beyond 10s. is payable, there being no provision made for keeping up the policy (see 33 & 84 Vict. c. 97, s. 124). 10. ‘The section does not expressly authorise the appointment of trus- tees of the policy but only trustees of the money payable under the policy. If no trustee is appointed, the policy being in the name of thé insured vests in him, which appears unavoidable, there being no pro- vision in the Act vesting it in any other person. 11. If trustees are appointed it is not stated that the policy.is to vest in them, but their receipts are made a discharge for the policy money, consequently under the Policies of Assurance Act, 1867 (30 & 31 Vict. c. 144) they have a legal right to sue on the policy, if notice is given according to s. 3 of that Act, and this seems in effect to vest the policy in them in the same manner as an assignment on trust. 12. If the policy names trustees it does not seem necessary to the effectual appointment of such trustees that the insured should sign the policy, but he or she must sign any separate writing appointing trustees, 13. Having regard to the other provisions of the Act, the effect of this section seems to be only to render unnecessary a deed assigning the policy to trustees upon trust, and (see Holt v. Everall, 2 Ch. D. 273) to prevent the settlement in case of a trader being one coming within s. 91 of the Bankruptcy Act, 1869. The first paragraph of this section again uses “ separate use ” instead of ‘separate property,” being adapted probably from s. 10 of the Act of 1870. This part of the section appears superfluous, “ property ” being defined by s. 24 to include a thing in action, and therefore a policy, but this definition was not introduced till a late stage of the Bill. 12. Every woman, whether married before or after this Act, shall have in her own name against all persons whomsoever, including her husband, the same civil remedies, and also (subject, as regards her husband, to MARRIED WOMEN’S PROPERTY ACT, 1882. 157 the proviso herein-after contained) the same remedies and redress by way of criminal proceedings, for the protection and security of her own separate property, as if such property belonged to her as a feme sole, but, except as aforesaid, no husband or wife shall be entitled to sue the other for a tort. In any indictment or other proceeding under this section it shall be sufficient to allege such property to be her property; and in any proceeding under this section a husband or wife shall be competent to give evidence against each other, any statute or rule of law to the contrary notwithstanding : Provided always, that no criminal proceeding shall be taken by any wife against her husband by virtue of this Act while they are living together, as to or concerning any property claimed by her, nor while they are living apart, as to or concerning any act done by the husband while they were living together, concerning property claimed by the wife unless such property shall have been wrongfully taken by the husband when leaving or deserting, or about to leave or desert, his wife. 13, A woman after her marriage shall continue to be liable in respect and to the extent of her separate pro- perty for all debts contracted, and all contracts entered into or wrongs committed by her before her marriage, including any sums for which she may be liable as a con- tributory, either before or after she has been placed on the list of contributories, under and by virtue of the Acts relating to joint stock companies; and she may be sued for any such debt and for any liability in damages or otherwise under any such contract, or in respect of any such wrong; and all sums recovered against her in respect thereof, or for any costs relating thereto, shall be payable out of her separate property ; and; as between her and her husband, unless there be any contract between them to the contrary, her separate property shall be deemed to be primarily liable for all such debts, contracts, or wrongs, and for all damages or costs re- covered in respect thereof: Provided always, that nothing in this Act shall operate to increase or diminish the SS. 12, 13, Wife’s ante- nuptial debts and liabilities. SS. 13, 14, 15. — ' Husband to be liable for his wife’s debts contracted before mar- riage to a certain extent. Suits for ante- nuptial liabilities. 158 © MARRIED WOMEN’S PROPERTY ACT, 1882. liability of any woman married before the commence- ment of this Act for any such debt, contract, or wrong as aforesaid, except as to any separate property to which she may become entitled by virtue of this Act, and to which she would not have been entitled for her separate use under the Acts hereby repealed or otherwise, if this Act had not passed. 14, A husband shall be liable for the debts of his wife contracted, and for all contracts entered into and wrongs committed by her, before marriage, including any liabilities to which she may be so subject under the Acts relating to joint stock companies as aforesaid, to the extent of all property whatsoever belonging to his wife which he shall have acquired or become entitled to from or through his wife, after deducting therefrom any payments made by him, and any sums for which judg- ment may have been bona fide recovered against him in any proceeding at law, in respect of any such debts, contracts, or wrongs for or in respect of which his wife was liable before her marriage as aforesaid ; but he shall not be liable for the same any further or otherwise ; and any Court in which a husband shall be sued for any such debt shall have power to direct any inquiry or proceed- ings which it may think proper for the purpose of ascertaining the nature, amount, or value of such pro- perty: Provided always, that nothing in this Act con- tained shall operate to increase or diminish the lability of any husband married before the commencement of this Act, for or in respect of any such debt or other liability of his wife as aforesaid. 15, A husband and wife may be jointly sued in respect of any such debt or other lability (whether by contract or for any wrong) contracted or incurred by the wife before marriage as aforesaid, if the plaintiff in the action shall seek to establish his claim, either wholly or in part, against both of them ; and if in any such action, or in any action brought in respect of any such debt or liability against the husband alone, it is not found that the husband is lable in respect of any property of the MARRIED WOMEN’S PROPERTY ACT, 1882. 159 wife so acquired by him or to which he shall have become so entitled as aforesaid, he shall have judgment for his costs of defence, whatever may be the result of the action against the wife if jointly sued with him; and in any such action against husband and wife jointly, if it appears that the husband is liable for the debt or damages recovered, or any part thereof, the judgment to the extent of the amount for which the husband is liable shall be a joint judgment against the husband personally and against the wife as to her separate property ; and as to the residue, if any, of such debt and damages, the judgment shall be a separate judgment against the wife as to her separate property only. 16. A wife doing any act with respect to any property of her husband, which, if done by the husband with respect to property of the wife, would make the husband liable to criminal proceedings by the wife under this Act, shall in like manner be lable to criminal proceed- ings by her husband. 17. In any question between husband and wife as to the title to or possession of property, either party, or any such bank, corporation, company, public body, or society as aforesaid in whose books any stocks, funds, or shares of either party are standing, may apply by summons or otherwise in a summary way to any judge of the High Court of Justice in England or in Ireland, according as such property is in England or Ireland, or (at the option of the applicant irrespectively of the value of the property in dispute) in England to the Judge of the County Court of the district, or in Ireland to the chair- man of the civil bill court of the division in which either party resides, and the Judge of the High Court of Justice or of the county court, or the chairman of the civil bill court (as the case may be) may make such order with respect to the property in dispute, and as to the costs of and consequent on the application as he thinks fit, or may direct such application to stand over from time to time, and any inquiry touching the matters in question to be made in such manner as he shall think SS. 15, 16, 17. —— Act of wife liable to cri- minal pro- ceedings. Questions be- tween husband and wife as to property to be decided in a summary way. SS. 17, 18. Married woman as an executrix or trustee. 160 MARRIED WOMEN’S PROPERTY ACT, 1882. fit: Provided always, that any order of a Judge of the High Court of Justice to be made under the provisions of this section shall be subject to appeal in the same way as an order made by the same Judge in a suit pending or on an equitable plaint in the said court would be; and any order of a county or civil bill court under the provisions of this section shall be subject to appeal in the same way as any other order made by the same court would be, and all proceedings in a county court. or civil bill court under this section in which, by reason of the value of the property in dispute, such court would not have had jurisdiction if this Act or the Married Women’s Property Act, 1870, had not passed, may, at the option of the defendant or respondent to such pro- ceedings, be removed as of right into the High Court of Justice in England or Ireland (as the case may be), by writ of certiorari or otherwise as may be prescribed by any rule of such High Court; but any order made or act done in the course of such proceedings prior to such removal shall be valid, unless order shall be made to the contrary by such High Court: Provided also, that the Judge of the High Court of Justice or of the county court, or the chairman of the civil bill court, if either party so require, may hear any such application in his private room: Provided also, that any such bank, cor- poration, company, public body, or society as aforesaid, shall, in the matter of any such application for the purposes of costs or otherwise, be treated as a stakeholder only. 18. A married woman who is an executrix or adminis- tratrix alone or jointly with any other person or persons of the estate of any deceased person, or a trustee alone or jointly as aforesaid of property subject to any trust, may sue or be sued, and may transfer or join in transferring any such annuity or deposit as aforesaid, or any sum forming part of the public stocks or funds, or of any other stocks or funds transferable as aforesaid, or any share, stock, debenture, debenture stock, or other benefit, right, claim, or other interest of or in any such corpora- MARRIED WOMEN’S PROPERTY ACT, 1882. 161 tion, company, public body, or society in that character, without her husband, as if she were a feme sole. This section seems to cover in certain cases more than is necessary, and to be scarcely sufficient in others. So far as the preceding sections apply to trust property, the express power to transfer the particular items of trust property here mentioned are not required, more especially as the married woman would not in most cases for the purposes of transfer be known to be a trustee. On the other hand unless the preceding sections do so apply, this section makes no provision for transfer of other kinds of trust property not mentioned in it, as, for instance, land and choses in action. ‘The section seems useful as an express provision that a married woman, as personal representative of a deceased person, may transfer funds standing in his name, and also funds standing at the commence- ment of the Act in her sole name of which she is trustee, or in her name jointly with others as trustees, to which cases ss. 6 and 8 do not apply. By s. 24 the husband of a trustee, executrix, or administratrix is freed from all liabilities of the wife in those characters, unless he has intermeddled with the trust or administration. 19. Nothing in this Act contained shall interfere with or affect any settlement or agreement for a settlement made or to be made, whether before or after marriage, respecting the property of any married woman, or shall interfere with or render inoperative any restriction against anticipation at present attached or to be here- after attached to the enjoyment of any property or income by a woman under any settlement, agreement for a settlement, will, or other instrument; but no restric- tion against anticipation contained in any settlement or agreement for a settlement of a woman’s own property to be made or entered into by herself shall have any validity against debts contracted by her before marriage, and no settlement or agreement for a settlement shall have any greater force or validity against creditors of such woman than a like settlement or agreement for a settlement made or entered into by a man would have against his creditors. The last clause in this s., taken in connection with s. 1 (5), places a settlement or agreement for a settlement by a married woman trading separately from her husband within the principle of Hx parte Bolland, Ie R17 Kg. 116. oy r M Y4 UL Pe Lae ? F SS. 18, 19. Saving of existing settle- ments, and the power to make future settle- ments. Settlement by married woman, a trader, when void against creditors, 162 MARRIED WOMEN’S PROPERTY ACT, 1882. ss. 20,21, 22. 20, Where in England the husband of any woman Mee having separate property becomes chargeable to any woman tobe union or parish, the justices having jurisdiction in liable to the : : : - parish for the SUCh union or parish may, in petty sessions assembled, peace upon application of the guardians of the poor, issue a summons against the wife, and make and enforce such order against her for the maintenance of her husband out of such separate property as by the thirty-third section 31 & 32 Vict. of the Poor Law Amendment Act, 1868, they may now Soe make and enforce against a husband for the maintenance of his wife if she becomes chargeable to any union or parish. Where in Ireland relief is given under the pro- visions of the Acts relating to the relief of the destitute poor to the husband of any woman having separate property, the cost price of such relief is hereby declared to be a loan from the guardians of the union in which the same shall be given, and shall be recoverable from such woman as if she were a feme sole by the same actions and proceedings as money lent. Married 21. A married woman having separate property shall Meret st be subject to all such liability for the maintenance of her parish for the ~ children and grandchildren as the husband is now by law maintenance of : . her children. subject to for the maintenance of her children and grand- children: Provided always, that nothing in this Act shall relieve her husband from any lability imposed upon him by law to maintain her children or grandchildren. Repeal of _ 22. The Married Women’s Property Act, 1870, and napytins Vict. the Married Women’s Property Act, 1870, Amendment 37 & 38 Vict, Act, 1874, are hereby repealed: Provided that such aa repeal shall not affect any act done or right acquired while either of such Acts was in force, or any right or liability of any husband or wife, married before the com- mencement of this Act, to sue or be sued under the provisions of the said repealed Acts or either of them, for or in respect of any debt, contract, wrong, or other matter or thing whatsoever, for or in respect of which any such right or liability shall have accrued to or against such husband or wife before the commencement of this Act. MARRIED WOMEN’S PROPERTY ACT, 1882. 163 23. For the purposes of this Act the legal personal representative of any married woman shall in respect of her separate estate have the same rights and liabilities and be subject to the same jurisdiction as she would be if she were living. 24, The word “contract” in this Act shall include the acceptance of any trust, or of the office of executrix or administratrix, and the provisions of this Act as to liabilities of married women shall extend to all liabilities by reason of any breach of trust or devastavit committed by any married woman being a trustee or executrix or administratrix either before or after her marriage, and her husband shall not be subject to such liabilities unless he has acted or intermeddled in the trust or administra- tion. The word “ property ” in this Act includes a thing in action. 25. The date of the commencement of this Act shall be the first of. January one thousand eight hundred and eighty-three. 26. This Act shall not extend to Scotland. 27. This Act may be cited as the Married Women’s Property Act, 1882. SS. 23, 24, 25, 27. b] Legal repre- sentative of married woman. Interpretation of terms. Commence- ment of Act. Extent of Act. Short title. 164 RULES. CHAPTER VI. RULES OF THE SUPREME COURT, DECEMBER 1882. Sect. L. Rules under the Act for the Abolition of Fines and Re- coveries, and Section 7 of the Conveyancing Act, 1882. 1. No person authorised or appointed under the Act o& 4 Will. LV. c. 74 (in these Rules referred to as the Fines and Recoveries Act), to take the acknowledgments of deeds by married women shall take any such acknow- ledgment if he is interested or concerned either as a party or as solicitor or clerk to the solicitor for one of the parties or otherwise in the transaction giving occasion for the acknowledgment. 2. Before a Commissioner shall receive an acknow- ledgment, he shall inquire of the married woman sepa- rately and apart from her husband and from the solicitor concerned in the transaction whether she intends to give up her interest in the estate to be passed by the deed without having any provision made for her; and where the married woman answers in the affirmative and the Commissioner shall have no reason to doubt the truth of her answer, he shall proceed to receive the acknowledgment; but if it shall appear to him that it is - intended that provision is to be made for the married woman, then the Commissioner shall not take her ac- knowledgment until he is satisfied that such provision has been actually made by some deed or writing produced to him; or if such provision shall not have been actually made before, then the Commissioner shall require the RULES. 165 terms of the intended provision to be shortly reduced into writing, and shall verify the same by his signature in the margin, at the foot, or at the back thereof. 3. The memorandum to be indorsed on or written at the foot or in the margin of a deed acknowledged by a married woman shall be in the following form in lieu of the form set forth in section 84 of the Fines and Recoveries Act : “ This deed was this day produced before me and acknowledged by therein named to be her act and deed [or their several acts and deeds| previous to which acknowledgment [or acknowledgments] the said was [or were] examined by me separately and apart from her husband [or their respective husbands] touching her [ov their] knowledge of the contents of the said deed and her [or their] consent thereto and [each of them] declared the same to be freely and voluntarily executed by her.” 4. When an acknowledgment is taken by any person other than a judge, the following declaration shall be added to the memorandum of acknowledgment : “ And I declare that I am not interested or concerned either as a party or as a solicitor or clerk to the solicitor for one of the parties or otherwise in the transaction giving occasion for the said acknowledgment.” 5. A memorandum of acknowledgment purporting to be signed according to any of the following forms shall be deemed to be a memorandum purporting to be signed by a person authorised to take the acknowledgment :— (Signed) A.D. A Judge of the High Court of Justice in England, or a Judge of the County Court of ; or a perpetual Commissioner for taking acknow- ledgments of deeds by married women. or The special Commissioner appointed to take the aforesaid acknowledgment. But this rule is not to derogate from the effect of any memorandum purporting to be signed by a person 166 RULES. authorised to take the acknowledgment, though not signed in accordance with any of the above forms. 6. Nothing in the five preceding rules contained shall make invalid any acknowledgment which would have been valid if these rules had not been enacted. 7. Every Commission appointing a special Commis- sioner to take an acknowledgment by a married woman shall be returned to the office of the registrar of certifi- cates of acknowledgments of deeds by married women and shall be there filed. An index shall be prepared and kept in the said office, giving the names and addresses of the married women named in all such com- missions filed in the said office after the 31st December, 1882. The same rules shall apply to searches in the index so to be prepared as to searches in the other indexes and registers kept in the Central Office. 8. (Provides for costs.) Sect. II. Rules under Section 2 of the Conveyancing Act, 1882 (a). 1. Every requisition for an official search shall state the name and address of the person requiring the search (a) These rules should be read in connection with Order LXa, Rule 6, of the Rules of Court in the first Schedule to the Judicature Act of 1875 (38 & 89 Vict. c. 77), which provides that— All deeds which by any statute or statutory rule are directed or per- mitted to be enrolled in any of the Courts whose jurisdiction has been transferred to the High Court of Justice, may be enrolled in the Enrol- ment Department of the Central office ; And with Rule 8a of the same Order, which provides that— The Clerk of Enrolments and each-of the following Registrars, namely— The Registrar of Bills of Sale, The Registrar of Certificates of Acknowledgments of Deeds by Married Women, and The Registrar of Judgments, shall, on a request in writing giving sufficient particulars, and on payment of the prescribed fee, cause a search to be made in the regis- ters or indexes under his custody, and issue a certificate of the result of the search, RULES. 167 to be made. Every requisition and certificate shall be filed in the office where the search was made. 2. Every person requiring an official search to be made pursuant to section 2 of the Conveyancing Act, 1882, shall deliver to the officer a declaration according to the Forms I. and II. in the Appendix, purporting to be signed by the person requiring the search to be made, or by a solicitor, which declaration may be accepted by the officer as sufficient evidence that the search is required for the purposes of the said section. The declaration may be made in the requisition, or in a separate document. 3. Requisitions for searches under section 2 of the Conveyancing Act, 1882, shall be in the Forms III. to VI. in the Appendix, and the certificates of the results of such searches shall be in the Forms VII. to X., with such modifications as the circumstances may require. 4. Where a certificate setting forth the result of a search in any name has been issued, and it is desired that the search be continued in that name, to a date not more than one calendar month subsequent to the date of the certificate, a requisition in writing in the Form XI. in the Appendix may be left with the proper officer, who shall cause the search to be continued, and the result of the continued search shall be endorsed on the original certificate and upon any office copy thereof which may have been issued, if produced to the officer for that purpose. The endorsement shall be in the Form XII. in the Appendix with such modifications as circumstances require. 5, Every person shall upon payment of the prescribed fee be entitled to have a copy of the whole or any part of any deed or document enrolled in the Enrolment Department of the Central Office. Rule under the Conveyancing and Law of Property Act, 1881. 6. An alphabetical index of the names of the grantors of all powers of attorney filed under section 48 of the Conveyancing and Law of Property Act, 1881, shall be 168 RULES. prepared and kept by the proper officer, and any person may search the index upon payment of the prescribed fee. No person shall take copies of or extracts from any power of attorney or other document filed under that section and produced for his inspection. AIl copies or extracts which may be required shall be made by the Office. RULES. 169 ‘APPENDIX. FORM I. DECLARATION BY SEPARATE INSTRUMENT AS TO PURPOSES oF SEARCH. Supreme Court of Judicature, Central Office. To the Clerk of Enrolments or The Registrar of Royal Courts of Justice, London. In the matter of A.B. and C.D. I declare that the search (or searches) in the name (or names) of required to be made by the requisition for search, dated the is (or are) required for the purposes of a sale (or mortgage, or lease, or as the case may be), by A.B. to C.D. Signature, Address, and Description. Dated FORM II. DECLARATION AS TO PURPOSES OF SEARCH CONTAINED IN THE REQUISITION. I declare that the above-mentioned search is required for the purposes of a sale (or mortgage, or lease, or as the case may be), by A.B. to C.D. sae) RULES. FORM III. REQUISITION FOR SEARCH IN THE ENROLMENT OFFICE, UNDER THE CoNVEYANCING Act, 1882, s. 2. Supreme Court.of Judicature, Central Office. Requisition for Search. To the Clerk of Enrolments, Royal Courts of Justice, London. In the matter of A.B. and C.D. Pursuant to section 2 of the Conveyancing Act, 1882, search for deeds and other documents enrolled during the period from 18 to 18 both inclusive, in the following name (or names). Christian Name Paes oe i Title, Trade, or Surname. or Names. Profession. Abode. (Add declaration, Form IT.) (State if an office copy of the certificate is desired, and whether it is to be sent by post or called for.) Signature, address, and description of person requiring the search. Dated See as to this requisition, note p. 135, supra. ~ RULES. ye FORM IV. REQUISITION FOR SEARCH IN THE BILLs oF SALE DEPARTMENT UNDER THE CONVEYANCING ACT, 1882, s. 2. Supreme Court of Judicature, Central Office. Requisition for Search. To the Registrar of Bills of Sale, Royal Courts of Justice. London. In the matter of A.B. and C.D. Pursuant to section 2 of the Conveyancing Act, 1882, search for instruments registered or re-registered as bills of sale during the period from 18 to 18 both inclusive, in the following name (or names). «ye Usual or last - Christian Name PananiPinad ab Title, Trade, or Surname : : Profession. or Names bin dos 8 (Add declaration, Form IT.) (State if an office copy of the certificate is desired, and whether it is to be sent by post or called for.) Signature, address, and description of person requiring the search. Dated 172 RULES. FORM V. REQUISITION FOR SEARCH IN THE REGISTRY OF CERTIFICATES OF ACKNOWLEDGMENTS OF DerEps By MARRIED WoMEN UNDER THE ConvEYANCcING Act, 1882, s. 2. Supreme Court of Judicature, Central Office. Requisition for Search. To the Registrar of Certificates of Acknowledgments of Deeds by Married Women, Royal Courts of Justice, London. In the matter of A.B. and C.D. Pursuant to section 2 of the Conveyancing Act, 1882, search for Certificates of Acknowledgments of Deeds by Married Women during the period from 18 to 18 both inclusive, according to the particulars mentioned in the schedule hereto. THe SCHEDULE. County, Parish, Christian | Date of Cer- |Date of Deed, or Place in Name or _ | tificate if the | if the Search which the Pro- Surname. Names of (Search relates| relates to a | perty is situate, Wife and jtoa particular} particular or other de- Husband. Certificate. Deed. scription of the Property. (Add declaration, Form II.) (State if an office copy of the certificate is desired, and whether it is to be sent by post or called for.) Signature, address, and description of person requiring the search. Dated As to this search, see note, p. 141, supra. RULES. 173 FORM VI. REQUISITION FOR SEARCH IN THE REGISTRY OF JUDGMENTS UNDER THE CONVEYANCING AcT, 1882, s. 2. Supreme Court of Judicature, Central Office. Requisition for Search. To the Registrar of Judgments, Royal Courts of Justice, London. In the matter of A.B. and C.D. Pursuant to section 2 of the Conveyancing Act, 1882, search for judgments, revivals, decrees, orders, rules, and lis pendens, and for judgments at the suit of the Crown, statutes, recognizances, Crown bonds, inquisitions, and accep- tances of office for the period from Lope to 18 , both inclusive and for executions for the period from the 29th July, 1864 (or as the case may require) to the 18 , both inclusive, and for annuities for the period from the 26th April, 1855 (or as the case may require) to the 18 , both inclusive in the following name (or names). att Usual or last Seance: Christian Name | jp own Place of | Litle, Trade, or or Names. nodes Profession. (Add declaration, Form IT.) (State if an office copy of the certificate is desired, and whether it is to be sent by post or called for.) Signature, address, and description of person - requiring the search. Dated 174 RULES. This requisition and the corresponding certificate (Form X. post) do not expressly refer to a search for writs of execution on Crown debts, which is the proper search since 1st November, 1865, under 28 & 29 Vict. c.104, This search is a general search not limited in time except by the date of commencement of the register (see ante, p.135). It is made in the same register as the search for executions on ordinary judgments (Dart, V. & P., p. 495, 5th ed.), and will therefore be included under the general expression “ for executions.” The day, 29th July, 1864, mentioned in this requisition, is the earliest day from which writs of execution on ordinary judgments are registered in the name of the judgment debtor pursuant to 27 & 28 Vict. c. 112, but no search for those writs is necessary, although the pur- chaser or mortgagee must see that the vendor or mortgagor is in posses- sion at the time of completion (see note, p. 133, supra; see also the following notes, pp. 134, 135, for other searches required by this requisi- tion). eal FORM VIL. CERTIFICATE OF SEARCH BY ENROLMENT DEPARTMENT UNDER THE Conveyancing Act, 1882, 8. 2. Supreme Court of Judicature, Central Office, Enrolment Department. Certificate of Search pursuant to Section 2 of the Convey- ancing Act, 1882, In the Matter of A.B. and C.D. This is to certify that a search has been diligently made in the Enrolment Office for deeds and other documents in the name (or names) of for the period from to : both inclusive, and that no deed or other document has been enrolled in the said office in that name (or in any one or more of those names) during the period aforesaid. or, and that except the described in the schedule hereto, no deed or document has been enrolled in that name (or in any one or more of those names) during the period aforesaid. Tne ScHEDULE. Dated As to this search, see p. 135, supra. RULES. 175 FORM VIII. CERTIFICATE OF SEARCH BY THE REGISTRAR OF BILLS OF SALE UNDER THE CONVEYANCING AcT, 1882. Supreme Court of Judicature, Central Office, Bills of Sale Department. Certificate of Search pursuant to Section 2 of the Convey- ancing Act, 1882. In the Matter of A.B. and C.D. This is to certify that a search has been diligently made in the Register of Bills of Sale in the name (or names) of for the period from 15) ite 18 both inclusive, and that no instrument has been registered or re-registered as a bill of sale in that name (or in any one or more of those names) during that period, or, and that except the described in the schedule hereto, no instrument has been registered or re-registered as a bill of sale in that name (or in any one or more of those names) during the period aforesaid. Tue ScHEDULE. Dated FORM IX. CERTIFICATE OF SEARCH BY REGISTRAR OF CERTIFICATES OF ACKNOWLEDGMENTS OF Derreps By MARRIED WoMEN UNDER THE CONVEYANCING AcT, 1882, s. 2. Supreme Court of Judicature, Central Office. Registry of Certificates of Acknowledgments of Deeds by Married Women. Certificate of Search pursuant to Section 2 of the Convey- ancing Act, 1882. In the matter of A.B. and C.D. This is to certify that a search has been diligently made in the Office of the Registrar of Certificates of Acknowledg- 176 RULES. ments of Deeds by Married Women in the name (or names) of for the period from to 18 , both inclu- sive, for a certificate dated the or for certificates of acknowledgment of a deed dated the or for certificates of acknowledgments of deeds relating to (fill in the description of the property from the Requisition) and that no such certificate has been filed in that name (or in any one or more of those names) during the period aforesaid. or, and that except the certificate (or certificates) described in the Schedule hereto, no such certificate has been filed in that name (or in any one or more of those names) during the period aforesaid. County, Parish Christian or Place in S NAGA of Date of ‘ pen which Property urname. Tato and Garuhente. ate of Deed. ee Husband. or other de- scription of the Property. Dated day of 188 . RULES. ree FORM X. CERTIFICATE OF SEARCH BY REGISTRAR OF JUDGMENTS UNDER ConvEyANcING Act, 1882, s. 2. Supreme Court of Judicature, Central Office. The Registry of Judgments. Certificate of Search pursuant to Section 2 of the Convey- ancing Act, 1882. In the matter of A.B. and C.D. This is to certify that a search has been diligently made in the Office of the Registrar of Judgments for judgments, revivals, decrees, orders, rules, lis pendens, judgments at the suit of the Crown, Statutes, recognizances, Crown bonds, inquisitions, and acceptances of office, for the period from 18 to 18 , both inclusive, and for executions for the period from 18 to 18 , both inclusive, and for annuities for the period from 18 to FSF, both inclusive, in the name (or names) of and that no judgment, revival, decree, order, rule, lis pendens, judgment at the suit of the Crown, Statute, recognizance, Crown bond, inquisition, acceptance of office, execution, or annuity has been registered or re-registered in that name (or in any one or more of those names) during the respective periods covered by the aforesaid searches. or and that except the mentioned in the Schedule hereto, no judgment, revival, decree, order, rule, lis pendens, judgment at the suit of the Crown, Statute, recognizance, Crown bond, inquisition, acceptance of office, execution, or annuity has been registered or re-registered in that name (or'in any one or more of those names) during the respective periods covered by the aforesaid search. | Tue ScHEDULE. Dated the day of 188 . 178 RULES. FORM XI. REQUISITION FOR CONTINUATION OF SEARCH UNDER THE CoNVEYANCING AcT, 1882. Supreme Court of Judicature, Central Office. Requisition for continuation of Search. To the Clerk of Enrolments or The Registrar of Royal Courts of Justice, London, W.C. In the matter of A.B. and C.D. Pursuant to section 2 of the Conveyancing Act, 1882, continue the search for [ |, made pursuant to the requisition dated the day of 18 , in the name (or names) of , from the day of to the day of 18, both inclusive. Signature, address, and description of person requiring the search. Dated a FORM XII. \ERTIFICATE OF RESULT OF CONTINUED SEARCH UNDER THE CoNVEYANCING AcT, 1882, s. 2, TO BE ENDORSED ON ORIGINAL Certificate. This is to certify that the search (or searches) mentioned in the within written certificate has (or have) been dili- gently continued to the day of s 718)" Sy that up to and including that date [except the men- tioned in the schedule hereto (these words to be omitted where nothing is found) |, no deed or other document has been enrolled, or no instrument has been registered, or re-regis- tered, as a bill of sale, or no certificate has been filed, or no judgment, revival, decree, order, rule, lis pendens, judgment at the suit of the Crown, statute, recognizance, Crown bond, inquisition, acceptance of office, execution or annuity, has been registered or re-registered in the within-mentioned name (or in any one or more of the within-mentioned names). 3 Dated CONTRACTS FOR SALE. 179 Penvetyele 1.1. FORMS. CHAPTER I. CONTRACTS FOR SALE GENERALLY. In framing contracts and conditions of sale under the V.& P. A. and C. A. the following rules may afford assistance. 1, Where a title for forty years and upwards before the date of the contract is intended to be furnished, the date of commencement need not be specified, except in the following cases :— (a.) Advowsons or reversionary interests (Dart, 293, 294, Sth ed.). (b.) Tithes or other property derived from the Crown where evidence of the Crown grant is to be negatived. (c.) Where the document first abstracted is a will and evidence of seisin is to be precluded: Parr v. Lovegrove, 4 Drew. 170. (d.) Where the document first abstracted is a voluntary settlement, or articles for a settlement, or a con- veyance under a power or trust for sale, or the bar of an entail, or other document of a similar kind, deriving its effect from some prior instru- ment. If the date be not fixed, the date of a recited deed may be the time prescribed by V. & P. A., s. 1 (see the last clause of that s.), and an abstract of the deed may be required. The safest course is always to fix the date of N 2 Length of title. Leaseholds. Enfranchised copy holds. Evidence. Recitals. One abstract for several lots. Documents not delivered to purchaser. 180 CONTRACTS FOR SALE. commencement, and in the cases under (d) the nature of the instrument commencing the title should also be stated: Marsh v. Earl Granville, W. N. 1882, p. 157. 2. The title of leaseholds for years commences with the lease (V. & P. A., s. 2) or the underlease (C. A. s. 3 (1) ). 3. Unless the contrary be shewn, the last receipt for rent proves the validity of the lease and due performance of eovenants therein, and in the case of an underlease also the validity of every superior lease and due perform- ance of the covenants therein: C. A. s. 3 (4), (5), but where the rent is nominal so that there can be no receipt, special provision must be made. 4. The title to the freehold of enfranchised copyholds or customary freeholds commences with the deed of enfranchisement: C. A. s. 3 (2). 5. The commencement of title being fixed, requisitions on the prior title are precluded: C. A. s. 3 (8). 6. As a general rule, all evidence in support of title and all documents not in the vendoyr’s possession, and copies of records, must be obtained and produced by the vendor at the expense of the purchaser: C. A. s. 3 (6); or the obtaining and production must be precluded by condition. 7. The commencement of title being fixed, all subse- quent documents not of record must be produced by and at the expense of the vendor, or production must be precluded by condition. , 8. As to land, recitals of facts in documents twenty years old are evidence: V. & P. A. s. 2 (2). 9. Only one abstract of the same title need be furnished to a purchaser of several lots: C. A.s. 3 (7). 10. Copies of documents not handed over must, if required by a purchaser, be paid for by him: C. A. s. 3 (6). | 11. An equitable right to production of documents is sufficient without a covenant for production: V. & P. A. s. 2 (3)s . 12. The expense of a covenant for production, or of an CONTRACTS FOR SALE. 1&1 acknowledgment or undertaking, falls on the purchaser : V.& P. A. s. 2 (4). ~ 13. Where a vendor does not sell the whole property, he may retain the deeds: V. & P. A. s. 2 (5). 14. The purchaser cannot require the conveyance to be executed in his presence or in that of his solicitor: Cr dake t biter , 15. He may still require that the purchase-money be paid to the vendor personally, but he may pay it to a solicitor producing the conveyance executed, with a receipt in or indorsed upon it: C. A. s. 56. Execution of conveyance. Payment of purchase- money. Parties. Agreement to sell and purchase. Price. Parcels. 182 AGREEMENT FOR SALE. CHAPTER II, AGREEMENT FOR SALE BY PRIVATE CONTRACT. AN AGREEMENT madethe dayof between A., of &e., hereinafter called the vendor, of the one part, and B., of &c., hereinafter called the purchaser, of the other part, Whereby the vendor, so far as relates to the acts on his part to be performed, agrees with the purchaser, and the purchaser, so far as relates to the acts on his part to be per- formed, agrees with the vendor as follows, that is to say: 1, The vendor is to sell and the purchaser is to pur- chase at the price of £ the property hereinafter mentioned, and the fee simple thereof in possession [or in case of leasehold, say, held under lease [underlease | dated the day of for the term of years from the day of [en case of underlease, say, less the last days thereof] at the yearly rent of £ , and all the term and interest granted by that lease [underlease] subject to the lessee’s | underlessee’s] covenants and the provisions therein contained and] sub- ject to the tenancies (a) but free from incumbrances, that is to say : | ALL that &e., which premises are more particularly described in the schedule hereto, and are intended to be delineated on the plan hereto annexed, and to be thereon coloured (b). (a) Under these words alone the purchaser is not fixed with notice of the terms of the tenancy as between himself and his vendor: Cabal- lero v. Henty, L. R. 9 Ch. A. 447. There must be an express con- dition. See special condition No. 32, post. (5) Where several leases or underleases are sold together, instead of the first paragraph, say 1, The vendor is to sell and the purchaser is to pur- chase at the price of £ All those pieces of land with AGREEMENT FOR SALE. 183 2. The purchaser is to pay his purchase-money on the day of next at the office of , at which time and place the purchase is to be completed, and the purchaser paying his purchase-money [and the amount of valuation as hereinafter provided | is as from that day to be let into possession or into receipt of rents and profits, and up to that day all rent, rates, taxes, and out- goings are (if necessary) to be apportioned, and if from any cause whatever other than wilful default on the part of the vendor the completion of the purchase is delayed beyond the before-mentioned day, the purchase-money is to bear interest at the rate of 5 per cent. per annum from that day to the day of actual payment thereof. 3. The purchaser is within days after delivery (a) of his abstract to send to Messrs. of , the solicitors of the vendor, a statement in writing of all the objections to and requisitions as to the title or evidence of title, or the abstract, and subject thereto the title is to be deemed accepted, and all objections and requisitions not included in any statement sent within the time aforesaid are to be deemed waived, and any answer to any objection or requisition is to be replied to in writing within ten days after the delivery thereof, and if not so replied to is to be considered satisfactory, and time is to be deemed in all respects as of the essence of this clause, the messuages thereon shortly described in the first column of the schedule hereto, free from incumbrances, for the residues of the respective terms mentioned in the second column of the same schedule granted by the several leases [underleases| the dates whereof are men- tioned in the third column of the same schedule, at the several rents mentioned in the fourth column of the same schedule, subject to the lessee’s [underlessee’s | covenants, and the provisions contained in the said leases [ under- leases] and subject also to the tenancies affecting the premises. (a) No time should be stated for delivery of the atstract, for the reasons given in the note to the 4th ordinary condition, post. Time for com- pletion. Possession. Interest in case of delay. Time for delivery of requisitions, and replies to answers, If any objec- tion cannot, be answered Power to rescind, Contents of lease[s] or underlease[s ]. Power to re- sell on default, 184 AGREEMENT FOR SALE. and if the purchaser should take any objection or make any requisition which the vendor is unable or unwilling to remove or comply with, and should not withdraw the same after being required so to do, the vendor may by notice in writing delivered to the purchaser or his solicitor, and notwithstanding any intermediate negotiation, rescind this agreement, and the purchaser is to return forthwith all abstracts and papers in his possession belonging to the vendor, and not to make any claim on the vendor for costs or otherwise (a). | Here add condition as to commencement of title, special condition, No. 5, and any other special conditions, see spost. In case of leaseholds add, if required, special conditions Nos. 26, or 27, 29, 30, post, and continue :] A. copy [or copies] of the said lease [underlease] [or the leases [underleases| referred to in the schedule] and counterparts or copies of the leases or agreements (if in writing) under which the tenants hold, have been perused by the purchaser, and he shall be deemed to purchase with notice of all the contents thereof. | Also add clause as to preparation and delivery of convey- ance, Sth ordinary condition, post. Also, if required, clause for taking timber and fixtures at a valuation, 2nd special condition, post. Also clause as to compensation or excluding compensation, special condition, No. 43 or 44, post. | Lastly. If the purchaser should neglect or fail to per- form this agreement on his part (b), the vendor may with or without notice resell the premises without previously tendering a conveyance to the purchaser, and any resale may be made by auction or private contract at such time, subject to such conditions, and in such manner generally (a) In sales by private contract there is generally no deposit, the purchaser being known, though sometimes a deposit may be required. If there is a deposit, the latter part of this clause should be as in the latter part of the 4th ordinary condition, post. (b) If there is a deposit, say here— “his deposit money is to be forfeited to the vendor, who may, &c. , AGREEMENT FOR SALE. ‘185 as the vendor thinks proper; and if thereby the vendor should incur a loss by reason of diminution in price or expenses incurred, or both, the purchaser is to pay to the vendor the amount of such loss as liquidated damages ; and on any resale by auction the premises may be bought in, and all expenses consequent on an unsuccessful attempt to resell are to be forthwith paid to the vendor by the purchaser. In witness, &e. THE SCHEDULE ABOVE REFERRED TO. Highest bidder, Reserve price. Advance on bidding and retracting. Deposit. Time for com- pletion. 186 ORDINARY CONDITIONS. CHAPTER III. CONDITIONS OF SALE. SECT. L ORDINARY CONDITIONS OF SALE By AUCTION (a). 1. The highest bidder is to be the purchaser, the vendor|s| fixing a reserve price and reserving the right to bid up to such reserve price [for each lot] by himself [themselves] or his [their] agent (b) [and also the right to consolidate two or more lots into one]. 2. No person is to advance less than £ [the sum to be fixed by the auctioneer] on each bidding, or retract a bidding; and if any dispute arise the property [lot in dispute] is to be put up again at the last undisputed. bidding, or the auctioneer may determine the dispute. 3. The [Each] purchaser is at the close of the sale to him to pay down a deposit of per cent. on the amount of his purchase-money, and to sign an agreement in the form subjoined to these conditions for the comple- tion of his purchase according to these conditions, and to (a) It is convenient to have some rule as to the order of conditions of sale, and the following is suggested as agreeing with the order in which the transactions take place :— (1) As to the auction. (2) Delivery of abstract and requisitions. (3) Matters arising on the abstract. (4) Matters arising on the particulars (identity, &c.). (5) The conveyance and its contents. (6) Compensation. (7) Resale on default. As to conditions supplied by the V. & P. A. and C. A., see pp. 180, 181, ante. (b) As to bidding and reserve price, see 30 & 31 Vict. c. 48. ORDINARY CONDITIONS. 187 pay the remainder of his purchase-money [and the amount of valution as hereinafter provided | on the day of at the office, No. Street in , of Messrs. the solicitors of the vendor|s], at which time and place the purchase[s] is [are| to be completed ; and the [a] purchaser paying his purchase-money is as from that day to be let into possession or receipt of rents and profits, and up to that day all rent, rates, taxes, and outgoings are (if necessary) to be apportioned ; and if from any cause whatever, other than wilful default on the part of the vendor|s]|, the completion of the [any] purchase is delayed beyond the before-mentioned day, the remainder of the purchase-money [and the amount of valuation] is to bear interest at the rate of 5 per cent. per annum from that day to the day of actual payment thereof. 4, The [Hach] purchaser is within days after the delivery of his abstract (a) to send to the said solici- tors of the vendor|s|, a statement in writing of all the objections to (b) and requisitions if any as to the title or evidence of title, or the abstract, and subject thereto the title is to be deemed accepted, and all objections and requisitions not included in any statement sent within the time aforesaid are to be deemed waived, and an answer to any objection or requisition is to be replied to in writing within ten days after the delivery thereof, and if not so replied to is to be considered satisfactory, and time is to be deemed in all respects as of the essence of this condition. If the [any] purchaser should take any objection or make any requisition which the vendor[s] is (a) .There should be no time specified for delivery by the vendor of his abstract, lest he should fail in delivering it within the specified time, or should deliver an imperfect abstract (see Dart, V. & P."125, 304, 5th ed.), but in sales under the Court the Act requires a time to be stated, see 15 & 16 Vict. c. 86, s. 56. (b) The time for taking objections does not begin to run until a complete abstract has been delivered (Hobson v. Bell, 2 Beav. 17; Want v. Stallibrass, L. R. 8 Ex. 175). The condition does not apply to matters not disclosed (Warde v. Dixon, 28 L. J. Ch. 315), nor to an objection which goes to the root of the title (Re Tanqueray- Willaume and Landau, 20 Ch. D. 465, 474). Possession. Interest in case of delay. Time for delivery of requisitions, and replies to answers. Time for de- livery of ab- stract not to be stated. What objec- tions may be taken after time fixed, If requisition cannot be answered power to rescind. Preparation of conveyance, Delivery of draft. Power to resell on default. 188 ORDINARY CONDITIONS. [are] unable or unwilling to remove or comply with, and should not withdraw the same after being required so to do, the vendor|s| may by notice in writing delivered to the {such | purchaser or his solicitors, and notwithstanding any intermediate negociation, rescind the contract for sale, and the vendors] is [are] within one week after such notice to repay to the purchaser [ whose contract is so rescinded | his deposit money, which is to be accepted by him in satisfaction of all claims on any account whatever, and the purchaser is to return forthwith all abstracts and papers in his possession belonging to the vendor|s]. _ [Here add clause as to commencement of title, special condition, No. 5, post, and, if required, clause as to taking timber and fixtures at a valuation, special condition, No. 2, post, and any other special conditions, see post. | 5. The conveyance to the [each] purchaser is to be prepared by him and at his own expense, and the en- grossment thereof is to be delivered at the office of the solicitors of the vendor|s]| before the day of next for execution by the vendor[s| and other necessary parties (if any), and the draft of such conveyance for perusal and approval on behalf of the vendor|[s| and other necessary parties (if any) is to be left at the office of such solicitors at least seven days before delivery of the engrossment. [Here add clause as to compensation or excluding com- pensation, see special condition No. 43 or 44, post, as the case may be. | | Lastly—If the [any] purchaser should neglect or fail to comply with any of the above conditions, his deposit ~ money is to be forfeited to the vendor|s|, who may with or without notice resell the premises |the lot or lots in respect whereof default occurs| without previously ten- dering a conveyance to the defaulter at this sale, and any resale may be made by auction or private contract at such time, subject to such conditions and in such manner generally as the vendor[s] may think proper; and if thereby the vendor[s| should incur a loss by reason of diminution in price or expenses incurred, or both, the SPECIAL CONDITIONS. 189 {defaulting| purchaser at this sale is to pay to the vendor|s| the amount of such loss as liquidated damages, and on any such resale by auction the premises [lot or lots offered for sale] may be bought in, and all expenses consequent on an unsuccessful attempt to resell are to be forthwith paid to the vendor[s| by the defaulter at this sale. Be it remembered that at the sale by auction this day of of the property mentioned in the annexed particulars of sale, of was the highest bidder for the premises [Lot |, and was declared the purchaser thereof, subject to the above conditions, at the price of £ , and has paid the sum of £ by way of deposit, and agrees to pay to (a), the vendor|s], according to the above conditions the balance of the said purchase-money [and also the valuation money]; and the vendor[s| and purchaser hereby agree to complete the sale in accordance with the above conditions of sale. Purchase-money, £ Deposit, £ ee ella at" Abstract of title to be sent to Balance, SECT. II. SPECIAL CONDITIONS OF SALE. 1. The auctioneer may withdraw the property [any lot] from sale without declaring the reserve price, and may refuse any bidding and may combine any lots in one lot, or may offer the property for sale in other lots than those mentioned in the particulars. 2. The [ Hach] purchaser is, in addition to his purchase- (a) The vendor must be named or otherwise sufiiciently described (see Dart, 218, dth ed. ; Catling v. King, 5 Ch. D. 660; Rossiter v. Miller, 3 App. C. 1124), “Vendor” is not a sufficient description : Potter v. Duffield, L. R. 18 Kq. 4. (b) Timber must not be sold separately by trustees unless expressly authorised (Oholmele} v. Paxton, 3 Bing. 207). Memorandum for signature. Power to withdraw, refuse bidding, and re-arrange lots. Timber [and fixtures] at a valuation (6). Vendor to be named or described. As to trustees selling timber separately, Where pro- perty sold with possession. As to abstract of title to small lots. 190 SPECIAL CONDITIONS. money, to pay for [the fixtures and for] all timber and timber-like trees, tellers, pollards, saplings, and plantations (if any) down to ls. per stick inclusive, and underwood down to the stem, according to a valuation to be made in ~ manner following—that is to say, each party (vendor and purchaser), or their respective solicitors, is within twenty- one days after the sale to appoint by writing one person as valuer, and to give notice in writing to the other party of the name and address of the person so appointed, and the two persons so appointed are to make the valuation, but are before they commence their duty to appoint an umpire by writing, and the decision of the two valuers if they agree, or of their umpire if they disagree, is to be final, and in case the purchaser should neglect or refuse to appoint a valuer and give notice thereof in manner and within the time before specified, the valuer appointed by the vendor is alone to make the valuation, and his valuation is to be final. 3. The vendor reserves the right to cut and sell all the growing crops, and the right to the use of the grazing, and the right to the garden fruits and crops up to the time when under these conditions the purchaser is to be let into possession [and also the right to dig up and remove the crops of at any time before the day of next]. 4, A purchaser whose purchase-money does not exceed £ is not, except upon the terms afterwards men- tioned, to require delivery to him of an abstract of title, but may within ten days after the sale [or in a sale under the Court after the certificate of the result of the sale has become binding] attend at the office of Messrs. at , during the hours of ten to four in the day, to examine and take extracts from an abstract prepared in accordance with these conditions; nevertheless on giving notice in writing to Messrs. requesting an abstract, and also on paying to them the sum of £ within four days after the sale [or after the certificate of the result of the sale has become binding], he is to have delivered to him an abstract prepared in accordance with SPECIAL CONDITIONS. 191 these conditions, and whether he so attend or not, he is to be bound by these conditions, and in case no abstract is required, he is to be so bound in the same way as if an abstract had been actually delivered to him on the tenth day after the sale [or after the certificate of the result of the sale has become binding], and is to be considered as having had such abstract actually delivered to him on that day. ; Each purchaser to whom an abstract is delivered pursuant to these conditions is within, &c. (then proceed as in tne ordinary condition No. 4, p. 187, ante). 5. The abstract of title [to Lots | is to commence with an indenture dated the day of 18 [being a conveyance on a sale, or being a mortgage, or the lease or underlease under which the vendor holds (a). | 6. Where the abstract commences with a will it is to be assumed that the testator was entitled in fee simple at [the date of his will and thenceforth up to (6)] his death, and no evidence on this point shall be required. 7. As to Lot , which was formerly copyhold of the manor of , the abstract of title to the former copy- hold interest is to commence with a surrender and (a) This condition is necessary where the abstract commences less than forty years before the day of sale (see V. & P. Act, 1874, s. 1), and is advisable in all cases, see note (b) to C. A. s. 3 (3), and also p- 179, ante. If the deed stipulated as the commencement of the abstract contains recitals, s. 3 (1) of the Conveyancing Act prevents any requisition upon them. Where the deed commencing the abstract is a purchase deed or mortgage deed, it is advisable so to describe it, as being obviously a better commencement of title than a will or settle- ment, and where the document commencing the abstract is a voluntary settlement, or other document not forming in itself a good root of title, the nature of the document should be stated in all cases: Marsh v. E. Granville, W. N. 1882, p. 157. (6) The words in brackets are not required where the will is dated after 1837. If the will mentions the property, the condition may state that the will “specifically devises the property,” or “contains a general devise of all the testator’s property in the parish of,” &c. A devise of this kind affords some evidence of the testator’s title. As to com- mencement of title. Will. Enfranchised copyholds. Where root of title bad. As to distin- guishing titles. As to dis- crepancy in measurements. Where docu- ments subse- quent to com- mencement of title cannot be produced. On a sale of lots held under one lease sub- demises being made by one purchaser to the others. 192 SPECIAL CONDITIONS. admittance on a purchase in the year , and the title: to the freehold is to commence with the deed of en- franchisement, dated in the year (a). 8. The vendor is not to be required to distinguish the parts of any lot held under different titles, nor to dis- tinguish the freehold from the copyhold part of the pro- perty [any lot], nor to distinguish copyholds of different manors. 9. No objection or requisition is to be made in conse- quence of any discrepancy between the old and present measurements |of any lot]. 10. If any document, dated years or upwards prior to the day of sale be not in the vendor’s possession, and the possessor thereof is either unknown or refuses production, the recital of that document contained in any. deed dated years or upwards prior to the day of sale is to be taken as conclusive evidence of the material contents and due execution thereof, and no further evi- dence, whether by production of the original or otherwise, is to be required of the contents of that document (0). 10a. The vendor is not to be required to procure the production or trace or state who has the custody of any document not in his possession, or to furnish any abstract or copy thereof, or to give any information relating thereto not within his knowledge. 11. Where it is provided in the particulars that the purchaser of any lot is to take an assignment of the lease of that and other lots and grant underleases of such other lots to the purchasers thereof, the assignments and under- leases are to be made and granted accordingly, and each underlease and a counterpart thereof for delivery to the lessor are to be prepared, engrossed, and stamped by and in all respects at the expense of the purchaser, who is to be lessee thereunder, and are to be executed by the lessor and lessee respectively, and to contain all proper covenants (a) Under s. 3 (2) of the Conveyancing Act the purchaser is not to call for the title to make the enfranchisement. (b) Where documents are in the hands of mortgagees, see condi- tion 15. | SPECIAL CONDITIONS. 193 by them having regard to the form of the principal lease out of which the underlease is to take effect, and the lessor is to give to the underlessee an acknowledgment of his right to production and delivery of copies of the principal lease and of any documents of title relating thereto retained by the lessor, and also an undertaking for safe custody thereof, and in case there should be no purchaser at this sale to take an assignment of the prin- cipal lease the grant of any underlease may be suspended until the principal lease is assigned to a purchaser, or the vendor may at his option in the meantime grant any underlease, and in case any difference should arise as to the form of any underlease or otherwise as to the grant thereof under this condition, or as to the payment of any costs or expenses connected therewith, or in case any other difference or question should arise as to the mode of giving effect to this condition or any matter arising thereout, such difference or question is to be settled by [in sales by the Court the Judge at Chambers, otherwise some person to be named, or by arbitration as in No. 43, post}. 12. Any bare outstanding legal estate (a) which a (a) i.e. a legal estate outstanding in a bare trustee who in reference to the V. & P. A. is defined to be a trustee to whose office no duties were originally attached, or who although such duties were originally attached to his office would, on the requisition of his cestwis que trust, be compellable in equity to convey the estate to them or by their direction and has been requested by them so to convey it: Dart, 517, 5th ed.; and see Morgan v. Swansea Urban Sanitary Authority, 9 Ch. D. 582, 585, per M. R.; but in the opinion of V.C. Hall the words “has been requested by them so to convey it” are not a necessary ingredient in the definition of a bare trustee: Christie v. Ovington, 1 Ch. D. 279. A trustee with a beneficial interest in the trust estate is not a bare trustee within the Land Transfer Act, 1875, s. 48, which replaced s. 5 of the V. & P. A. (Morgan v. Swansea, &c., Authority, ubi sup.) ; nor is the husband of a married woman who is seised in her right a bare. trustee within the Act 3 & 4 Will. 4, c. 74, s. 34 (Keer v. Brown, Johns. 188). ; It is not necessary that the abstract should shew the devolution of the legal estate, if it shews a good equitable title in the vendor, with power to get in the legal estate under the Trustee Acts or otherwise : Camberwell Building Society v. Holloway, 18 Ch. D. 754, O Bare legal estate Definition of bare legal estate. When devolu- tion need not be shewn in the abstract. Tithes. Repair of chancel, Crown grant of tithes. Production of documents in the hands of mortgagees. Allotments and exchanges under En- closure Acts. 194 SPECIAL CONDITIONS. [the] purchaser may require to be got in is to be got in [and the title thereto traced| by him and at his own expense. 7 13. The rectorial tithes on the property were merged in the year The abstract of title thereto is to com- mence with an indenture dated the day of ; and the purchaser is not to require the production of the original nor any abstract or copy of the grant from the Crown of these tithes, nor any information as to the date of such grant, or otherwise with reference thereto. 13a. The vendor is not to be required to furnish any evidence that the rectorial tithes are not subject to the repair of the chancel of the parish church, and the pur- chaser is to take subject to such liability (if any) as exists in respect to such repair. | 14. The purchaser is not to require production of the original nor any abstract or copy nor any other evidence of or information with respect to the grant from the Crown of the tithes. [Add if required, nor any evidence that the tithes are not, &c., continue as in the preceding condition. | 15. The documents relating to Lots to in- clusive, some of which include all or several of these lots, are now in the hands of the mortgagees and shall not be required by any purchaser of these lots to be produced or delivered over until the mortgages are redeemed, and if any purchaser of any of such lots requires his abstract to be verified he shall be bound himself at his own cost to obtain production of any documents in the possession of the mortgagees, and if he cannot obtain such produc- tion shall accept such verification of the abstract as the vendor is able to furnish, and shall bear all expenses incurred in obtaining production or consequent on pro- duction of such documents (a). 16. All exchanges and allotments made more than years before the day of sale under any Enclosure Act or award, are, unless the contrary appears, to be deemed duly (a) See other conditions as to production of documents, supra Nos. 10 and 10a, and see p. 205 (ec) infra. SPECIAL CONDITIONS. 195 made in respect of the title under which the lands taken in exchange or on allotment appear by the abstract or otherwise to have been since held, and no requisition or objection is to be made in respect of any such exchange or allotment, or in respect of the title to the land given in exchange, or in respect whereof the allotment was made. 17. The lease being at a nominal rent, the mere fact of possession under it at the time of completion of the purchase shall be accepted as sufficient evidence of due performance of the lessee’s covenants up to that time. 18. Where any mortgage has been made to the trus- tees of a building society, and a receipt for the money secured appears to be indorsed on the mortgage deed and to be signed by the trustees and countersigned by the secretary of the society, the purchaser is to assume that the persons so signing were at the time of signing the duly appointed trustees and secretary respectively of the society, and accordingly that the receipt operated as a complete release and reconveyance of the mortgaged property, and is not to make any requisition, objection, or inquiry in reference to the appointment of the trustees or secretary or the constitution of the society (a). 19. It is to be assumed that no wife or widow of any former owner is entitled to dower or freebench unless it appear on the abstract that he was married (0). 20. No information is to be asked for, nor is any other inquiry to be made as to the origin or creation of any quit or chief rent. 21. Every recital or statement contained in any deed or other instrument dated years or upwards prior to the day of sale, is to be accepted as conclusive evidence of the matter or fact recited or stated (c). (a) See the Act 37 & 88 Vict. c. 42, s. 42; and as to Friendly Societies see 88 & 39 Vict. c. 60, s. 16 (7). (b) This condition is only necessary in case of an intestacy, or of a person of an age to have been married on or before lst January, 1834. (c) This condition is only required where the recital is contained in an instrument dated within twenty years (see V. & P. A. 1874, s. 2). 0 2 Covenants in lease at a nominal rent. Building society mort- gages, Dower. Origin of rents. Recitals evidence. Unstamped documents. Unstamped or unregistered documents, Power of attorney to surrender copyholds. Sale of business as a going concern. 196 SPECIAL CONDITIONS. 22. No objection is to be made on account of any document dated years or upwards prior to the day of sale being unstamped or not sufficiently stamped, and any document which [the] any purchaser shall require to be stamped or further stamped shall be procured to be so stamped by him and at his expense. 23. No objection is to be made on account of any document dated years or upwards prior to the day of sale being unstamped or insufficiently stamped or not being registered in the Deeds Registry, and any document which the purchaser may require to be stamped or further stamped or registered shall be procured to be so stamped or registered by him and at his expense. 24. It is to be assumed that every surrender or admittance pursuant to power of attorney was authorized by the power under which it appears on the court rolls to have been made, and production of the power is not to be required. 25. If the balance of the purchase and valuation money [for Lot | should be paid before the day of next the purchaser [of that lot] is to be let into possession |thereof| as a going concern on that day, and on and from that day is to become liable to discharge and shall discharge all wages and other outgoings con- nected with the business, and is to indemnify the vendor against all liabilities and outgoings of the business as from that day; but if for any reason possession |of Lot —_| is not delivered to the purchaser on the day aforesaid the business on and from that day is to be carried on by or under the direction of the vendor, at the risk and cost but for the benefit of the purchaser thereof until possession is delivered to him. And any question which may arise as to the balance due. to or from the purchaser in respect of the business, and any other ques- tion which may arise in reference to the carrying on the same, is to be settled or decided [in case of sale by the Court by the Judge at Chambers ov] by the arbitration of, &e. [See special condition No. 48 as to appointment of arbitrators and umpire |, SPECIAL CONDITIONS. 197 26. By deed dated the day of the.property was sub-demised by way of mortgage for the residue, except the last days of the term, granted by the lease mentioned in the particulars, and the term so created was sold by the mortgagees under a power in the deed. [| (a) The power contains a provision that after a sale the mortgagor should stand possessed of the principal term for which the lease was granted in trust for the pur- chaser, and the benefit of this trust is included in the present sale.| The purchaser at this sale is to have an assignment from the vendor of the mortgage term only, and is not to require the vendor to procure any assign- ment of the principal term, nor to require him to shew in whom this principal term is now vested; and any assign- ment or vesting order, and all information and evidence requisite to procure an assignment or vesting order for the purpose of getting in the principal term, is to be searched for and obtained by and at the expense of the purchaser. 27. The mortgage deed under which the vendors] sell[s] demised the premises for the residue except the last days of the principal term granted by the lease mentioned in the particulars (b). By the deed the mort- gagor is constituted a trustee of the premises for the residue of the term granted by the lease in trust to assign and dispose of the same as the persons entitled to the mortgage money shall direct, and contains a [an irrevocable] power of attorney to assign the term. The purchaser is to be entitled to the benefit (to be enforced or obtained at his own expense) of the trust, and to an assignment of the principal term under the power if and so far as the power is available, but shall not require it to be shewn that the power is now available, nor make any objection on account of its not being available. (a) If the power does not contain the clause here referred to, the words in brackets must be omitted. As to the statement in the parci- culars of the length of the term sold, see n. to next condition. (b) The particulars must state the term sold as being the residue less the specified days of the term granted by the original lease. Mortgage term by sub-demise, the sale being made by pur- chasers from the mort- gagees, Mortgage term by gub- demise sald by mortgagees. Contents of leases. Where there is a covenant not to assign, Provision for underleases described as leasess Asto covenants where lease~ holds subject to underleases. Contents of tenants’ leases. 198 SPECIAL CONDITIONS. 28. An abstract or copy of the lease [or underlease] creating the term sold as mentioned in the particulars can be inspected at during a period of fourteen days prior to the day of sale or in the sale-room at the time of sale; and the purchaser is to be deemed to have notice of all the contents thereof, and such notice shall not be affected by any partial or incomplete statement of those contents in the particulars or these conditions [add in case of an underlease, and no inquiry is to be made as to the contents of the superior lease]. 29. The lease [or underlease] contains a restriction on assignment without license. The vendor is immediately after the sale to apply for and endeavour to obtain the necessary license, and if unable to obtain it within weeks from the day of sale is to be entitled to rescind the contract for sale in the same manner and upon the same terms as if the purchaser had made and insisted on a requisition which the vendor is unable to comply with. 30. It is believed that every lot held by under- lease is so described in the particulars, but if any lot described as held by lease should appear to be held by underlease the purchaser thereof is not to make any objection on this account, nor claim any compensation on the ground of misdescription (a). 31. No objection shall be made on account of the covenants by the tenant in any underlease not corre- sponding with the covenants by the lessee in the lease under which the property is held (0). 32. Counterparts or copies of the leases or of the agreements (if in writing) under which the tenants hold (a) A purchaser is not bound to take a title by underlease instead of lease: Madeley v. Booth, 2 De G. & 8. 718; unless the particulars and conditions are sufficient to give him notice to the contrary: Camber- well Building Society v. Holloway, 13 Ch. D. 754. An underlease may generally be known by its being for a term less a few days, or by the rent being reserved to or the covenants being entered into with the executors and administrators, and not the heirs. (b) As to the risk incurred where these covenants do not correspond, see 4 Jarm. & By. Conv. 514. SPECIAL CONDITIONS. 199 can be inspected at during a period of fourteen days prior to the day of sale or in the sale-room at the time of sale, and the [each] purchaser is to be deemed to have notice of and to take subject to the terms of all the existing tenancies, whether arising during the continu- ance or after the expiration thereof, and such notice shall not be affected by any partial or incomplete statement in the particulars with reference to the tenancies (a). 33. No objection is to be made on the ground that any lease or agreement for tenancy was made or entered into by a mortgagor without the concurrence of his mortgagees(b), 33a. If any buildings on the property | o7 on lot | should be destroyed or damaged by fire before the day fixed for the completion of the purchase, or subsequently while any insurance against fire subsists thereon in favour of the vendor, the purchaser is to be entitled to the benefit of such insurance upon paying the vendor the amount of the last premium paid thereon (c). 34. The property is [or the several lots are| sold subject to all quit, chief and other rents, rights of way, light, and other easements (if any) affecting the same, and to any subsisting lability under enclosure award, covenant, or otherwise, to repair the fences, roads, or streets, and to the rights of the tenants to fixtures (if any), or to their statutory rights; [and the purchaser is to be deemed to have notice of the terms upon which all the tenants hold (d). | 30. The several purchasers shall take their convey- ances subject to the apportioned rents stated in the (a) The purchaser is not bound to ascertain from a tenant the terms of his tenancy: Caballero v. Henty, L. R. 9 Ch. App. 447. (b) As to this, see now the C. A. s. 18 (1) (16), notwithstanding which the condition will always be necessary where the lease is not authorized by that section or by agreement. (c) In the absence of an express contract the purchaser is not entitled to the insurance money: Rayner v. Preston, 14 Ch. D. 297%, Un ok © 5 Fo tiga (d) Condition No. 82 should be used where there are any leases or agreements in writing with the tenants. See n. to that condition. Leases by mortgagor alone. Benefit of fire insurance, Easements, tenancies, fences, &c. Apportioned terants’ rents. Apportioned rents of lease- holds. Apportion- ment of land tax and tithe rent-charge. Freedom from land tax and tithe rent- charge. Enlargement of long term into tee simple. Identity. 200 SPECIAL CONDITIONS. particulars, and shall not require the assent of any tenant thereto, nor otherwise require such rents to be legally apportioned. 36. Where any lots are held or are to be assigned at apportioned rents, the several purchasers shall accept their assignments at or subject to such apportioned rents, and shall not require the consent of the landlord to be shewn or to be obtained to the apportionment, nor re- quire the rents to be otherwise legally apportioned. 37. The vendor is not to be required to obtain the apportionment of any land tax or tithe rent-charge. 38. Freedom from land tax or tithe rent-charge is to be deemed sufficiently evidenced by the fact that the land-tax assessment books or the tithe commutation award, as the case may be, do not shew any land tax or tithe rent-charge to be payable [but the purchaser is to be furnished at his own expense, if he so require, with a statutory declaration that no land tax or tithe rent-charge has been paid for twelve years next before the day of sale (a)]. 39. Part of the property [Lots and , or parts thereof,| was |were| demised with other land for a term of 500 years from, &c., 1790, by an indenture dated &c., and this term, so far as regards the part now offered for sale of the premises comprised therein, has been en- larged into a fee-simple, but the vendor|s] has [have] not the original, or any copy of the indenture of demise, nor any information relating to it other than such as ap- pears on the abstract, and it shall be assumed unless the contrary appears that the term has been duly enlarged into a fee simple. 40. No further or other evidence is to be required of the identity of the property |or lot or lots] described in the particulars with the property to which title is shewn by the abstract besides such evidence (if any) as may be gathered from the descriptions in the documents (a) This last paragraph should only be inserted when it is possible to obtain the required statutory declaration. SPECIAL CONDITIONS. . «265 abstracted ; [but the [any] purchaser is to be furnished at his own expense, if he so require, with a statutory declara- tion [by the vendor or some other person| that the pro- perty has [or lot or lots have] for twelve years prior to the day of sale been held and enjoyed in accordance with the title shewn thereto (a). ] 41. The vendor, being a mortgagee [or a trustee or an executor], is to be required to give only the statutory covenant implied by reason of his being expressed to convey as mortgagee [or trustee or personal representa- tive |. 41a. The vendor sells and will convey as a tenant for life under the Settled Land Act, 1882, the trustees for the purposes of the Act joining in the conveyance only for the purpose of acknowledging the receipt of the purchase- money, and the purchaser is not to require any covenant except the statutory covenant implied by the vendor conveying as beneficial owner, with a proviso limiting the same so far as regards the reversion or remainder expectant on his life estate, and the title to and further assurance of the premises after his death, to the acts and defaults of himself and his own heirs and persons deriving title under him or them. 42. No release by a separate instrument of any incum- brance shall be required, nor shall any objection be made on the ground of expense or otherwise to any incum- -brancer joining in the conveyance to the [any | purchaser. 43. Measurements and quantities of land are to be deemed correct and are not to be the subject of compen- sation if incorrect. In other respects any incorrect state- ment, or any error or omission which may be discovered in the particulars or conditions of sale affecting the nature or value of the property [any lot] is not to annul the sale, but if pointed out before completion the vendor or the purchaser, as the case may be and require, is to pay or allow compensation on account thereof, and the amount in case of dispute is to be settled by the arbitra- —- — — -—- a (a) See note («), p. 200. Covenant by vendor as mortgagee or trustee. Where vendor is tenant for - life. Incumbrancers not to be required to release by separate instrument. Errors in de- scription (com- pensation). Errors in description (no compensa- tion), Documents, where retained by vendor as beneficial owner, Where retained by vendor as mortgagee or trustee. Offer by trustees, &c., of compensa- tion for mis- description. 202 SPECIAL CONDITIONS. tion of two referees, one to be appointed by the vendor, and the other by the purchaser, or by an umpire to be appointed by the two referees before they proceed on the reference, and the decision of the referees, if they agree, or of the umpire, if they disagree, is to be conclu- sive [or where sale 1s under the Court is to be settled by the Judge at chambers] (a). 44. The property is [several lots are] believed to be and is [are] to be taken as correctly described, and any incorrect statement, error, or omission found in the par- ticulars or conditions is not to annul the sale nor entitle the [any] purchaser to be discharged from his purchase, nor is the vendor or [any] purchaser to claim or be allowed any compensation in respect thereof (b). 45. The vendor is to retain all documents relating to any property not comprised in this sale, and to give, at the cost of any purchaser requiring it, a statutory acknow- ledgment of the right of the [each] purchaser to produc- tion of documents so retained, and to delivery of copies thereof, and also a statutory undertaking for safe custody thereof. 46. The vendor is to retain all documents relating to any property not comprised in this sale, and to give, at at the cost of any purchaser requiring it, a statutory acknowledgment of the right of the [each] purchaser to production of documents so retained, and to delivery of copies thereof, but being a mortgagee [or trustee] is not to be required to give any undertaking or covenant for safe custody thereof (c). (a) This condition, when used by trustees or mortgagees, cannot be enforced by them to cover misdescriptions arising from their own gross negligence: White v. Cuddon, 8 Cl. & Fin. 766, 787. But its useis not depreciatory : Hobson v. Bell, 2 Beav. 17, 24: (b) This condition is convenient in cases of houses or small plots of land. (c) A mortgagee or trustee may safely give an acknowledgment of the right to production and delivery of copies, as it only binds him to produce while he has possession, C. A. s. 9 (2), and to this he cannot reasonably object. * SPECIAL CONDITIONS. 203 47. After the sale of all the lots, or of all the lots to which any set of documents relates, as the case may happen, the purchaser whose purchase-money is largest is to be entitled to the custody of such documents in the possession of the vendor as relate to any other lot as well as the lot or lots purchased by that purchaser [and do not relate to any other property besides that com- prised in this sale], but in respect of documents delivered to him which relate to the lot or lots of any other purchaser is to give to that other purchaser, if he so require, a statutory acknowledgment of his right to pro- duction and to delivery of copies thereof, and also a statu- tory undertaking for safe custody thereof. If any lot be not sold the vendor may until sale thereof retain all documents relating thereto, and in respect of any docu- ments retained by the vendor he is to give to any pur- chaser who may so require the before-mentioned statutory ' acknowledgment and [or but not the (a) | undertaking, and every acknowledgment | or undertaking | given under this condition is to be prepared and approved on behalf of all parties thereto at the expense of the person to whom it is given. SECT IL: SPECIAL CONDITIONS APPLICABLE TO SALES UNDER THE COURT. 48. All facts or matters appearing to be proved or to be certified by the chief clerk, or to be stated in any judgment or order in the action [proceedings] in which this sale is made are to be deemed thereby sufficiently and conclusively evidenced, and the purchaser is to assume that all necessary and proper consents preliminary to a sale have been obtained (0), and is not to require (a) These words in brackets apply in case of a mortgagee or trustee selling. ‘ (b) It may be as well to insert these words as to consent, though they scarcely seem necessary now, having regard to C. A. s. 70; see note to s. 70 of the Act, anée. Documents, where de- livered to purchaser. Certificates, proofs in pro- ceedings, &c., to be evidence. Reservations how to be provided for, Production of documents in nands of mortgagees. As to applica- tion of money in discharge of incumbrances. _ Legal estate and discharge for purchase- money make a good title. 204 SPECIAL CONDITIONS. the concurrence in his conveyance of any persons bene- ficially interested whose rights appear to be bound by the judgment or order under which the sale is made (a). 49. Where a lot is sold subject ta or with a reservation of any right, effect shall (in case of difference) be given thereto in such manner and at the expense of such persons as the Judge may direct (0). 50. The documents relating to Lots are in the hands of mortgagees, and production thereof is not to be required until the mortgages are satisfied (c). If a pur- chaser of any of these lots require his abstract to be verified, he is himself at his own cost to obtain pro- duction of documents in the possession of any mortgagee, and if he cannot obtain such production, is to accept such verification of the abstract as the vendor is able to furnish, and is to bear all expenses incurred in obtaining or consequent on production of such documents. 51. The sale is made for payment of incumbrances affecting all or some of the lots. Hach purchaser is, notwithstanding these incumbrances, to pay his whole purchase-money into Court, as provided by these con- (a) These words as to the concurrence of persons beneficially in- terested are convenient but not necessary. The complete title is obtained by a conveyance of the legal estate and a good discharge for the purchase-money. Consequently in sales by the Court, the only necessary party to the conveyance is the person having, or enabled to convey, the legal estate; as for instance, a mortgagee or trustee, or a person appointed by the Court to convey. The discharge for the purchase-money is obtained by payment into Court, and all equities are bound. But it often happens that a purchaser asks for the con- currence in the conveyance of persons having equitable interests, and it is convenient to be able to point to a condition expressly excluding his right to require their concurrence. (6) The order of the Judge settling the form of conveyance is sub- ject to appeal: Pollock v. Rabbits, 21 Ch. D. 466. (c) This can be done under s. 5 of the C. A. out of the purchase- moneys when paid into Court (note on that section ante). Where the mortgages are subsequent to 1851, and come within s. 16 of the C. A., this condition is unnecessary; the mortgagor can procure production under that s., and the expense incurred falls on the purchaser, C. A. s. 3 (6). SPECIAL CONDITIONS. 205 ditions, to form a common fund to be applied under the direction of the Court in payment of these incumbrances, and is not, after having accepted the title to any lot purchased by him, to object [to the setting apart out of the common fund of money to answer the claim of incumbrancers having priority over the interests of the parties to the action, and not consenting to the sale, nor (a)| to payment out of the [balance of the] common fund of the amount due to any incumbrancer consenting to the sale, or otherwise bound by the order for sale. 52. The conveyance to the [each] purchaser is to be made either by a vesting order, or by a person appointed ‘for the purpose by the Court, who is to be required to give only the statutory covenant against incumbrances implied by reason of his being expressed to convey under the order of the Court and the vesting order, or the order appointing a person to convey, shall be obtained by the [each | purchaser at his own expense, and may be included in the order for payment into Court. (¢) The words in brackets should be omitted where there are no prior incumbrancers whose claims are to be satisfied by setting apart a fund under C. A. s. 5 (see note to that s. ante). Where there are such prior incumbrancers, the funds for them must be set apart first, otherwise there might not he sufficient to pay them, and the pur- chasers could not get their conveyances. It will be for the purchasers to see that there is sufficient set apart under s. 5 to answer prior in- cumbrancers. If there is, there can be no difficulty in completing. If there is not, the sale of all the lots must fail, as before the Act in the like case, and the order for sale must be contingent on this. As to covenant by person appointed to convey. PURCHASE DEED. No. 1. Proviso re-' stricting the covenant by tenant for lite. No. 2. Covenant by purchaser of leasehold to pay rent, &c. Heirs, exe- cutors &c., omitted of covenantor ; of covenantee, 206 GENERAL FORMS. CHAPTER IV. FORMS IN DEEDS AND WILLS. SECT. I. Forms IN PurcHASE DEEDs. PROVIDED ALWAYS that so far as regards the reversion or remainder expectant on the life estate of [tenant for life|in the premises hereby conveyed, and the title to and further assurance thereof after his death, the cove- nant by him in these presents implied by statute shall not extend to the acts or defaults of any person other than and besides himself and his own heirs and persons deriving title through or under him, them, or any of them (a). Anp [purchaser] hereby (b) covenants with |ven- dor(s)| (c) that [purchaser] or the persons deriving title under him will henceforth from time to time duly pay all rent becoming due under the said lease, and observe and perform all the covenants and conditions therein (a) See Dart, p. 548, 5th ed. (b) The heirs, executors, and administrators of the covenantor are bound without being mentioned, the heirs by C. A. s. 59, and the executors or administrators by the common law (Wms. Exors. 1728, 8th ed.). The assigns of the covenantor are not mentioned in this and similar covenants, post, because they are personal covenants. The mention of the assigns of the covenantor has no force except in real covenants, the burden of which is intended to be thrown on the assignee of the land, as to which see note to C. A. s, 58, ante. (c) This covenant is by C. A. s. 58 (2) deemed to be made with the executors, administrators, and assigns of the covenantee. Where the covenant relates to lands of inheritance, it is deemed to be made with the heirs and assigns of the covenantee (subs. 1). Covenantee includes covenantees : see note to C. A. s. 50. GENERAL FORMS. 207 contained, and henceforth on the part of the lessee|s| to be observed or performed, AND also will at all times hereafter save harmless and keep indemnified [vendor(s) | and his [their] estate and effects from and against all proceedings, claims, and expenses on account of any omission to pay the said rent or any breach of any of the said covenants and conditions. AnD [vendor(s)] hereby acknowledge[s| the right of [purchaser] to production of the documents mentioned in the schedule hereto, and to delivery of copies thereof (a). AND hereby undertakes for the safe custody thereof (0). SECT. IL Forms IN MortTGAGES. [ Mortgagor| hereby covenants with | mortgagee(s) | (c) to pay to him [them] on the day of next [generally sie calendar months from date of deed] the sum of £ , with interest thereon in the meantime at the rate of per cent. per annum, computed from the date hereof [In case of further advances add :] AND also within three calendar months from the day when any further money shall be advanced by or become due to |mortgagee(s)| (other than for interest) under these presents, to pay to him [them] the amount thereof, (a) This acknowledgment may safely be given by trustees or mort- gagees. As to the obligations imposed by, and the rights under an acknowledgment, see C. A. s. 9 (1)-(8). (b) As to the obligations imposed by, and the rights under an under- ’ taking, see C. A. s. 9 (9)-(11). (c) It is unnecessary to specify the “executors, administrators, or assigns” of the mortgagee. The right to sue on the covenant devolves on them without their being mentioned. By C. A.s. 60, where the cove- nant is with two or more, the payment is to be made to the person on whom the right to sue devolves; therefore it is unnecessary to mention the survivor or survivors of them. The same principle applies to the subsequent forms of covenant where there is any other act to be done. PURCHASE DEED. No. 2. —_—— No. 3. Acknow- ledgment of right to production. Undertaking for safe custody MORTGAGES. No. 4. Covenant for payment of principal. No. 4a. Further advances, Executors, &c., of mortgagee omitted. MORTGAGES. No. 4a. — No. 40. and interest. No. 4e. Joint and several covenants. No. 5. Trust of principal term in mortgage by sub-demise. No. 5a. Appointment of mortgagee[s | as attorney[s | to assign original term. 208 GENERAL FORMS. with interest thereon at the rate aforesaid from the day-of the same being advanced or becoming due ; AND also so long as any principal money shall remain due under these presents after the said day of , to pay to [mortgagee(s)| interest thereon at the rate aforesaid, by equal half yearly payments on the day of and the day of in every year. | Mortgagors| jointly, and as separate covenants, every two and three of them hereby covenant and each of them hereby covenants with | mortgagee(s)| to pay him [them ], on the day of next the sum of £ with interest thereon, in the meantime, at the rate of per cent. per annum, computed from the date hereof. [ To follow demise of leaseholds : | AND [mortgagor| hereby covenants with [| mortgagee(s) | ‘that [mortgagor| will henceforth stand possessed of the premises comprised in the said lease for the residue of ° the term thereby granted In trust for [mortgagee(s) | and to assign and dispose of the same as he [they] or the persons or person deriving title under him [them] shall from time to time direct, but subject to the proviso for redemption hereinafter contained (a). AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid [mortgagor] hereby irrevocably nominates and appoints |mortgagee(s)| [and each of them] or [their or] his substitute or substitutes to be the attorneys and attorney of [mortgagor] for him and in his name and on his behalf and as his act and deed to sign, seal, and deliver and otherwise perfect any deed of assignment of the term granted by the recited (a) This clause makes the mortgagor a trustee for the mortgagee on foreclosure as well as on sale. Where the mortgagor merely covenants to assign, it is questionable whether a vesting order can be obtained : Re Propert, 22 L. J. Ch. 948, But now an irrevocable power of attorney to assign can be given under C. A. 1882, s. 8 (see next form No. da), but that power would cease on the death of the person named attorney. GENERAL FORMS. 209 lease, which may be required in order to vest in a pur- chaser or any other person the residue of the term granted by that lease (a). (That is to say,)—IT IS HEREBY PROVIDED AND AGREED that on payment on the day of next [the day mentioned for payment of principal in Form No. 4] by | mortgagor| or the persons deriving title under him to [mortgagee(s)| or the persons deriving title under him [them] of the sum of £ , with interest thereon in ‘the meantime at the rate of per cent. per annum, and all expenses attendant on or incidental to this security, with interest at the rate aforesaid, the premises hereinbefore conveyed [demised] shall at the request and cost of [mortgagor], or the persons deriving title under him, be duly reconveyed [surrendered] to him or them (0). [ Zo follow covenant to surrender copyholds :] SuBJECT to a condition for making void the said surrender on payment on the day of next [the day mentioned for payment of principal in Form No. 4| by [mortgagor] or the persons deriving title under him to | mortgagee(s)| or the persons deriving title under him [them] of the sum of £ , with interest thereon in the meantime at the rate of per cent. per annum. AND [mortgagor| hereby covenants with | mortgagee(s) | that the premises hereinbefore covenanted to be surren- dered shall henceforth stand charged with the payment (a) This form renders necessary a 10s. stamp on the power of attorney. Its object is to prevent the necessity for a vesting order under the last form No. 5. The power being an authority coupled with an interest, even if not expressly made irrevocable, would be irrevocable while any money remains on the security: Gaussen v. Morton, 10 B. & C. 731; Clerk v. Laurie, 2 H. & N. 200, per Williams, J.; Bromley v. Holland, 7 Ves. 28. See Special Condition 27, p. 197, ante, applicable to a sale under a mortgage containing Forms Nos. 5 and 5a. See also note to last form. (b) The proviso for redemption may be shortened by reference to the covenant for payment, but it is more convenient that the proviso should be complete in itself, 5 MORTGAGES, No. 5a. No. 6. Proviso for redemption of freeholds and leaseholds by sub-demise. INO. 7 Proviso for redemption of copyholds. Charge on copyholds, MORTGAGES. Nowe No. 8. Covenant to keep up Life Policy. 210 GENERAL FORMS. of all moneys hereby secured: And that until surrender [mortgagor] and all persons deriving title under him will stand possessed thereof upon trust for [mortgagee(s)]|, and to dispose of the same as he [they] or the persons deriving title under him [them] shall direct (a). 3 AND [mortgagor | hereby covenants with [mortgagee(s) | in manner following, that is to say, that so long as any money remains due under these presents | mortgagor | will not, without giving notice in writing to [mortgagee(s) |, go beyond the limits (b) permitted by the policy [ies] hereby assigned, or any new policy to be effected as hereinafter provided, and will not do or permit anything whereby any such policy may become void or voidable, or whereby | mortgagee(s)| may be prevented from receiving or re- covering any money thereby assured; And that | mort- gagor | will immediately, at his own cost, in case any such policy should become voidable, do all things necessary for restoring the same; And in case any such policy should become void, also do and furnish all acts, certificates, and things necessary or proper to enable | mortgagee(s) | to effect a new policy on the life of [mortgagor] in the name(s) of | mortgagee(s) | (c) for the amount which “would have become payable under the void policy if it had remained in force and [mortgagor| had died; And that every such new policy, and the money payable thereunder, shall be subject to the like right of redemption, and be held and applied in like manner as the policy[ies] hereby assigned. and the money payable thereunder; And further, that | mortgagor| will during the continuance of the present (a) This clause operates as a charge which enables a sale under the statutory power of sale. The statutory power of sale is conferred only under a mortgage or charge by deed: C. A. s. 19, and s. 2 (vi.). The legal estate must be got in under the Trustee Acts or otherwise. (6) Going beyond limits would not make a policy void if the proper additional premium be paid, but might throw an additional charge on the mortgagee. (c) The addition of the survivors or survivor, or of any other person to whom the right to sue on this covenant devolves is not necessary, see C. A. s. 60. GENERAL FORMS. MEE security duly pay every sum from time to time payable for keeping on foot every policy for the time being subject to this security, and will make each such payment within three days after the first day on which it becomes payable, and will forthwith deliver the receipt for [or other satis- factory evidence of (a) | every such payment to [mort- gagee(s) |; and that in default [mortgagee(s)| may pay every such sum, and | mortgagor | will repay to the | mort- gagee(s) | all sums so paid, and all costs and expenses incurred in restoring any voidable policy or in effecting any new policy or otherwise in relation to the premises, with interest for the same at the rate of per cent. per annum from the time of each payment; And until repayment, the premises hereinbefore conveyed | demised and assigned|, and every new policy to be effected as aforesaid, shall stand charged with the amount so to be repaid and the interest thereon. AND [mortgagor| hereby covenants with | mortgagee(s) | that so long as any money remains due under these presents [mortgagor |, or the persons deriving title under him, will insure and keep insured all buildings upon the premises hereby conveyed [demised] against loss or damage by fire, in at least the sum of £ [ 07, a sum equal to two-thirds of the amount required to rebuild the same in case of.total destruction], and will pay every sum from time to time payable for keeping on foot every such insurance within three days after the first day on which it becomes payable, and will forthwith deliver [o7v, will from time to time when required produce | to [mortgagee(s)| the policy or policies of insurance [or other proper evidence of the subsistence thereof], and also when required deliver to him [them] the receipt for [or, other satisfactory evidence of payment of (0) | every sum payable as aforesaid and in default that [mort- (a) If the mortgage is not a first mortgage the receipts may have to be delivered to the first mortgagee. (b) The receipts may have to be delivered to a prior mortgagee or some one else. p 2 MORTGAGES. No. 8. No. 9. Covenant to keep up Fire Insurance. MORTGAGES. No. 9. os Covenant to satisfy statu- tory right. No. 10. Provision for reduction of interest, pay- ment being continuous. 212 GENERAL FORMS. gagor| will repay to [mortgagee(s)| every sum which under the statutory power for the purpose may be ex- pended by him [them], or persons deriving title under him [them], in keeping the said buildings insured to the amount aforesaid, with interest thereon at the rate of per cent. per annum from the time of each pay- ment (a); AND IT IS HEREBY AGREED that the covenant as to insurance hereinbefore contained shall so long as the same is duly performed be in satisfaction of the statutory right of the |[mortgagee(s)| to effect and keep on foot Fire insurances. Anpv [mortgagee(s)| hereby covenant(s) with [mort- gagor| that if on each half-yearly day hereinbefore fixed for payment of interest, while any principal money remains due under these presents, or within thirty days next after each of the said days respectively, there should be con- tinuously paid to [mortgagee(s)| interest on such principal money at the rate of [reduced rate] per cent. per annum, [and there should not be any breach of any obligation, statutory or otherwise, binding on | mortgagor] (b), or of any of the covenants whether express or implied, herein- before contained and on his part to be observed or performed, other than and besides the covenant for payment of the principal money and interest hereby secured (c)]|, then [mortgagee(s)| will accept interest for the principal money so for the time being due at the rate of [reduced rate| per cent. per annum, so long as interest at that rate continues to be paid within the thirty days aforesaid (d). (a) C. A. 8. 19, gives the mortgagee a charge for the amount paid and interest. (b) As for instance the obligation to deliver the counterpart of leases, C. A. s. 18 (8). (c) This covenant is always broken. The words in brackets and similar words in Nos. 11 and 12 will only be inserted where the statu- tory power of leasing is not excluded, or where there is a covenant as to Fire Insurance, or Life Policies, or rent of leaseholds, or the like. (d) There may sometimes be a doubt whether an omission to pay interest for one half year, within thirty days, puts an end to the right of GENERAL FORMS. 213 AnD [mortgagee(s)] hereby covenant(s) with [mort- gagor| that if on each half-yearly day hereinbefore fixed for payment of interest, while any principal money re- mains due under these presents or within thirty days next after such day, there should be paid to [mort- gagee(s)| interest on such principal money at the rate of [reduced rate| per cent. per annum [and there should not be any breach of any obligation, statutory or other- wise, binding on [mortgagor | or of any of the covenants, whether express or implied, hereinbefore contained, and on his part to be observed or performed during the last current half-year other than and besides the covenant for payment of the principal money and interest hereby secured (a)|, then and in respect of every half-year for which such interest shall be so paid | mortgagee(s)| will accept interest for the principal money so for the time being due at the rate of [reduced rate] per cent. per annum. AND | mortgagee(s) | hereby covenant(s) with [ mortgagor | that if on each half-yearly day hereinbefore fixed for payment of interest, and continuously during the period of years from the date of these presents, or within thirty days after each such day, there should be paid to | mortgagee(s) | interest on the principal money hereby secured at the rate of per cent. per annum up to that half-yearly day [and there should not be any breach of any obligation, statutory or otherwise, binding on [mortgagor] or of any of the covenants, whether ex- pressed or implied, hereinbefore contained, and on his part to be performed or observed, other than and besides the covenant for payment of the principal money and interest hereby secured (b)]|, then [mortgagee(s)] or the persons deriving title under him [them] will not before reduction: see Stanhope v. Manners, 2 HKden, 197. In this form it does put an end to the right. See the next form, where the omission only puts an end to the right for that half-year. (a) As to these words in brackets, see note (c) to last form. (b) As to these words in brackets see note (c) to Form No. 10, ante. MORTGAGES. No. 11. Provision for reduction of interest half year to half year. No. 12. Agreement for mortgage to continue for time certain. MORTGAGES. No. 12. No. 13: Power of consolidation reserved. No. 14. Power of immediate sale, &c. Now Ld. Mortgagor not As to waiver of default in payment of interest, 214 GENERAL FORMS. the expiration of the said period of years require payment of the principal money hereby secured, or any ‘part thereof (a). AND [mortgagor| hereby covenants with | mortgagee(s) | that the whole principal money hereby secured shall be allowed to remain on this security during the said period of years. PROVIDED ALWAYS and it is hereby agreed that not- withstanding the restriction hereinbefore contained on the right to require payment of principal money, such principal money shall be deemed to become due within the meaning of 'The Conveyancing and Law of Property Act, 1881, and for all the purposes of that Act on the day on which such principal money is_ hereinbefore covenanted to be paid (0). FORMS EXCLUDING APPLICATION OF C. A. AND IT IS HEREBY AGREED that [mortgagee(s)| and the persons deriving title under him [them] shall so far as may be have the same right to consolidate two or more mortgages so that one shall not be redeemed alone with- out the other or others as would have existed if the Con- veyancing and Law of Property Act, 1881, had not been passed. AND IT IS HEREBY AGREED that notwithstanding section twenty of the Conveyancing and Law of Property Act, 1881, [mortgagee(s)| shall have and may at any time after the said day of next exercise and put in force all the powers and remedies conferred by that Act on mortgagees in like manner as if that section had not been contained in the Act. AND IT IS HEREBY AGREED that [mortgagor] or any person deriving title under him shall not, except with (a) As to waiver of the default in payment of interest, see Lang- ridge v. Payne, 2 J. & H. 423; Keene v. Biscoe, 8 Ch. D. 201. (b) This clause seems required to prevent any question as to the date when the statutory powers of sale, &c., arise. GENERAL FORMS. 215 the consent in writing of [mortgagee(s)| or the person or persons for the time being deriving title under him [them], exercise the powers of leasing or of agreeing to lease conferred by the Conveyancing and Law of Property Act, 1881, on a mortgagor while in possession, but it shall not be necessary to express such consent in any such lease (a). SECT. III. FORMS IN SETTLEMENTS. Upon trust to sell the said premises or any part thereof, but during the joint lives of | husband] and | wife] or the life of the survivor of them with their consent or the consent of such survivor in writing (0). (a) As to the effect of entirely excluding the mortgagor’s power of leasing, see note to C. A. s. 18, p. 62, ante. For agreements varying the powers of leasing of the C. A. and applying the powers of leasing in the Act to mortgages previously made, see Precedents XX VII. and XXVIIL, post. It is not advisable to insert an attornment clause in a mortgage deed having regard to the dicta in In re Stockton Iron Furnace Co., 10 Ch. D. 356, 357, adopted by Jessel, M.R., in Hx parte Punnett, 16 Ch. D. 226, 235, to the effect that it makes the mortgagee liable to account as mortgagee in possession, (but see Stanley v. Grundy, W. N. 1883, p.12). The clause was of little use unless the mortgage deed was registered as a bill of sale under 41 & 42 Vict. c. 31, see s. 4: Conelly v. Steer, 7 Q. B. D. 520, Lyons v. Tucker, ib. 523. A power of dis- tress is also of little use unless it could be given by a registered deed. And a deed now capable of being registered as a bill of sale must be in the form in the Schedule to 45 & 46 Vict. c. 43, which applies only to personal chattels. A judgment entered up against the mortgagor is the security most readily available against chattels, (6) The mode of selling is provided for by C. A. s. 35, the power to give receipts is conferred by s. 36. Words of survivorship are not necessary, s. 38; nor the word “assigns,” see s. 31, under which new trustees have the same powers as the original trustees. In a conveyance of freeholds of inheritance the declaration of the use after the marriage should be to the trustees, their heirs, and assigns, ‘‘ Upon trust to sell,” &c. The executors or administrators of the surviving trustee can then exercise all the powers of the original trustees: C. A. s. 30. In acon- veyance of leascholds for life or years determinable with life the haben- MORTGAGES. No. 15. to grant leases without consent. SETTLEMENTS. No. 16. Trust to sell real estate. Attornment clause not advisable. Exercise of powers by executors or administrators. SETTLEMENTS. No. 16. Trust of proceeds of sale. Power to postpone sale. No. 17. Trust to invest. 216 GENERAL FORMS. AND IT IS HEREBY AGREED that the trustees or trustee for the time being of these presents, hereinafter called the trustees or trustee, shall stand possessed of the net money to arise from any such sale (after payment there- out of all costs incidental thereto) and also of the rents and profits of the said premises until sale, Upon the trusts and subject to the powers and provisions declared concerning the same by an indenture intended to bear even date with these presents and to be made between &e. And under which trusts [husband | is tenant for life, and after his death [wife] becomes tenant for life of the proceeds of sale, and after the death of both the capital becomes held in trust for their issue (a). AND IT IS HEREBY AGREED that the said premises may be retained unsold as long as the trustees or trustee think proper, but shall be deemed personal estate and devolve as such [add powers of leasing, and of appointing new trustees, Forms Nos. 38 and 46, post]. Upon Trust with the consent of [husband] and [wife] during their joint lives and of the survivor of them during his or her life and after the death of the sur- dum should be to the trustees, ‘their executors or administrators.” Then the personal representatives of the surviving trustee can exercise all the powers. A discretionary power is only capable of being exer- cised by persons expressly mentioned, subject to these exceptions, that under the C. A. s. 30 the personal representatives to whom the estate devolves are made “ heirs and assigns” for the purposes of all trusts and powers, and that a new trustee always has the powers of an original trustee: C. A. s. 31 (5). (a) Ona sale the deed of even date will be retained by the trus- tees, and now necessarily forms part of the title. But if the conveyance, which will belong to a purchaser, state the effect of the trusts of the proceeds of sale, thus showing who, under the Settled Land Act, is tenant for life, with power to sell or lease, or to consent thereto, (ss. 8, 6, 63, 56 (2)), the title will be made complete on the face of the deed handed to the purchaser. It is conceived that in his favour the state- ment as to the beneficial interests is conclusive, and that he need not inquire further. In any other view he might, under the old law, have been entitled to see that the receipt clause in the conveyance was not abrogated by the deed of even date or otherwise, or that a new convey- ance for value was not made. GENERAL FORMS. hab vivor at the discretion of the trustees or trustee for the time being of these presents hereinafter called the trustees or trustee, to invest the said money in the names or name of the trustees or trustee in manner following and not otherwise (a), that is to say, In any of the parliamentary stocks or public funds of Great Britain, or on Government or real securities in England or Wales, including the security of a term of three hundred years or upwards unexpired and not liable to be determined under a proviso for re-entry (0), or in the stock of the Bank of England or Metropolitan Board of Works, or in or on the stock or securities of the Government of India for the time being, or the stock or securities not payable to bearer, [or whether payable to bearer or not (c) |, of the Government of any British Colony or Dependency, or the preference or wholly or partially guaranteed stock or shares or the bonds, mortgages, or debentures, or the. debenture stock of any railway company in Great Britain incorporated by special Act of Parliament, and having within one year before the date of investment paid a dividend on its ordinary stock or shares, or in or on the stock, shares, debentures or debenture stock of any railway company in India, the dividends or interest whereon are, is, or shall be wholly or partially or contingently guaranteed by the Government of India for the time being, or by the Secretary of State for India on behalf of such Govern- ment, with power for the trustees or trustee from time to time with such consent or at such discretion as aforesaid to change such investments for others of a like nature. [Go to Form No. 20.| In any of the parliamentary stocks or public funds (a) See the object of these words infra, p. 295 (a). They may be omitted where Form No, 19 is used. (6) It seems that a long term is not now considered real security : Re Boyd, 14 Ch. D. 626. (c) If the words in brackets are used the Form No. 44, post, enabling the trustees to deposit securities to bearer for safe custody, should be added. SETTLEMENTS. No. 17. No. 18. Investment clause. No. 19. Long terms not real securities. SETTLEMENTS. No. 19. Large power of investment. No. 20. Trusts of investments. Noma: For wife for 218 GENERAL FORMS. of Great Britain, or on Government or real or lease- hold securities in England or Wales, and in the case of leasehold securities without being bound to make any investigation of the lessor’s title or being subject to any liability for omitting so to do, or on the security of any life interest in any real or personal property together with an insurance on the life, and so that any security taken under these presents may be either subject or not to any prior incumbrances, or in the stock of the Bank of England or Metropolitan Board of Works, or in or on the stock or securities of the Government of India for the time being, or the stock or securities (whether payable to bearer or not (a)), of the Government of any British Colony or Dependency, or of any foreign govern- ment, state, or municipality; or the stock or shares, ordinary or otherwise, or the bonds, mortgages, or deben- tures, or the debenture stock, of any railway, canal, dock, harbour, gas or water company, or other public company carrying on business in Great Britain or India, or any British Colony or Dependency, or the stock, bonds, or other securities of any municipal corporation or local or harbour authority or other public body in Great Britain or in any British Colony or Dependency, or of any in- corporated company in Great Britain established for the purpose of investing money in the purchase or on mort- gage of land in Great Britain or in any British Colony or Dependency, with power for the trustees or trustee from time to time with such consent, or at such discretion as aforesaid, to change such investments for others of a like nature. AND IT IS HEREBY AGREED that the trustees or trustee shall stand possessed of the said investments hereinafter called the trust fund, and the annual income thereof, upon the trusts and subject to the powers and provisions following, that is to say, Upon trust to pay the annual income of the trust fund to [wife| during her life without power of anticipa- — (a) See note (c), p. 217. GENERAL FORMS. 219 tion during any coverture (a), And after her death to pay the said income to [husband] if he shall survive her during the residue of his life, And after the death of both IT IS HEREBY AGREED that the capital of the trust fund shall be held Upon trust after the death of [wife] if [husband| should be then living, and should not be an undischarged bankrupt, or should not have executed, done, or suffered any act, deed, or thing, or if no event should have happened, whereby the trust next hereinafter declared would if subsisting be determined : (A) Then to pay the annual income of the [where the husband’s trust fund and the wife’s trust fund are settled, say wife’s] trust fund to [husband] during his life or until he attempts to alien, charge, or anticipate the same or any part thereof, or is adjudged a bankrupt, or takes proceedings for hquidation in bankruptcy, or makes any arrangement or composition with his creditors having the effect of a charge upon or alienation of the said annual income, or any part thereof, or until he does or at- tempts to do or suffers any other act or thing, or until any other event happens, whereby if the same income (a) A trust or limitation for the separate use of a woman after 1882 is not necessary: see M. W. P. A. s. 2. But a restriction on anticipation, if desired, is allowed (s. 19), and is still necessary for the protection of the wife from marital influence. (b) This trust, when declared as to property settled by the husband, is void as against his creditors on bankruptcy (see note to Wilson v. Greenwood, 1 Swanst. 481), except to the extent of the fortune which on his marriage he received from his wife (Lester v. Garland, 5 Sim. 205), but is valid as against a mortgagee: Brooke v. Pearson, 27 Beav. 181; Knight v. Browne, 30 L. J. Ch. 649, 7 Jur. N.S. 894, in which latter report it is stated that the property in Knight v. Browne in fact belonged to the husband. Phipps v. Lord Ennismore, 4 Russ. 1381, is explained in Knight v. Browne. The discretionary trust in the text may be exercised so as to exclude the husband’s creditors (Holmes v. Penney, 3 K. & J. 91). For trusts where the husband’s interest precedes the wife’s see Preced. XXXA. post. The letters (A) and (B) in Form No. 22 are used merely for reference. SETTLEMENTS. No. 21. life, then for husband for life. ING. 22: Trust after death of wife for husband until aliena- tion, and then for him or issue of mar- riage, &c. (b) Trusts where husband’s interest pre- cedes wife’s. SETTLEMENTS, No. 22. No. 23. Trusts of two funds. Annual sum only to husband out of wife’s fund. 220 GENERAL FORMS. were payable to him absolutely for his life he would be deprived of the right to receive the same or any part thereof, in any of which cases, as well as on the death of [husband], which first happens, the trust hereinbefore declared for payment to him of the said income is to determine ; . (B) And if the same trust should fail or determine in his lifetime, then Upon trust during the residue of the life of [husband] to apply the annual income of the [or the wife’s| trust fund for the maintenance and support or otherwise for the benefit of all or any one or more exclu- sively of the other or others of [husband] and the issue of the said intended marriage as the trustees or trustee in their or his sole discretion, without being liable to account for the exercise of such discretion, think fit, or if there should be no issue of the said intended marriage, or such issue should fail during the lifetime of [husband], Then for the maintenance, support, or otherwise for the benefit of all or any one or more exclusively of the other or others of [husband] and the person or persons who would if he were actually dead be entitled to the [or the wife’s] trust fund, or the income thereof, as the trustees or trustee in their or his sole discretion, without being liable to account as aforesaid, think fit. AND IT Is HEREBY AGREED that after the death of the survivor of [wife] and [husband] the capital and income of the [or the wife’s| trust fund shall be held [Form No. 24]. AS TO THE HUSBAND'S TRUST FUND, Upon Trust to pay the annual income thereof to [husband] during his life, and after his death to pay the same income to [wife] during the residue of her life without power of anticipation, AND AS TO THE WIFE’S TRUST FUND, Upon Trust to pay the annual income thereof to [wife] during her life without power of anticipation during any cover- ture (a), and after her death out of the last-mentioned (a) See supra, p. 219 (a). GENERAL FORMS. IAT income to pay the annual sum of £ to [husband | during the residue of his life (a), the same to be deemed to accrue due from day to day, but to be paid by equal half-yearly payments, the first payment to-be made at the end of six calendar months from the death of [wife] if | husband| should be then living: AND IT IS HEREBY AGREED that the capital of the husband’s trust fund after the death of the survivor of [wife] and [husband], and also the capital of the wife’s trust fund after the death of [wife], and subject to setting apart a portion thereof, to provide for payment of the said annual sum of £ to [husband], if he should survive her, shall be respectively held In Trust for all or such one or more exclusively of the other or others of the issue of the said intended marriage, whether children or remoter issue (b), at such time and, if more than one, in such shares and with such gifts over, and generally in such manner for the benefit of such issue or some or one of them as [husband] and [wife] shall by deed, revocable or irrevocable, from time to time or at any time jointly appoint, And in default of and until and subject to any such appointment, then as the survivor of them and as regards [wife], whether covert or sole, shall by deed revocable or irrevocable, or by will or codicil appoint (¢), And in default of and until and subject to any such appointment In trust for all or any the children or child of the said intended marriage [other than and except such son as hereinafter mentioned and excepted (d)], who being (a) If the annual sum is to be made determinable on alienation, &c., the last form can be adapted. , (b) It is not necessary to restrict this power within the limits allowed by the rules against perpetuity : see p. 243 (0). (c) In settling a fund under a will, by which it was bequeathed to a man until marriage, and then to be settled on his wife and children, the Court inserted a power for the husband and wife jointly by deed, and for the survivor by deed or will, to appoint. to all or any of the children: Jn re Gowan, 17 Ch. D. 778. (d) The words in brackets to be used only if the next form is used, SETTLEMENTS. No. 23. No. 24. Trusts for issue as husband and wife or the survivor appoint. In default for children. Settlement by Court. SETTLEMENTS. No. 24. —— Hotchpot clause. No. 25. Clause ex- cluding son entitled to settled estates. 292 GENERAL FORMS. sons or a son attain the age of twenty-one years, or being daughters or a daughter attain that age or marry under it, and if more than one in equal shares. PROVIDED ALWAYS that any child who or whose issue takes any part of the trust fund(s) under any appointment in pursuance of either of the powers lastly hereinbefore contained shall not, in the absence of any appointment to the contrary, take any share in the unappointed part thereof without bringing the share or shares appointed to him or her or to his or her issue into hotchpot, and accounting for the same accordingly. [ Add if required | PROVIDED ALWAYS, and it is hereby agreed, that the excepted son hereinbefore referred to who is to be ex- cluded from taking under the trust in default of appoint- ment hereinbefore contained, is an eldest or only son or any other son of the said intended marriage who before attaining the age of twenty-one years becomes, or would if of full age be, entitled to the possession or to the receipt of the rents and profits of the lands and heredita- ments in the county of devised by the will of [or comprised in the settlement dated, &c., and made between &c.], and of which hereditaments [husband] is now tenant for life in possession, or who before attaining that age becomes entitled to the first vested estate of freehold in remainder immediately expectant on the estate for life of [husband] under the said will [or settle- ment] ; Anp if there should be no child of the said intended marriage other than and except as aforesaid who attains a vested interest under the trust in default of appoint- ment hereinbefore contained, then the capital of the trust fund(s) is to be held In trust for such eldest son or other excepted son of the said intended marriage as hereinbefore mentioned, if and when he attains the age of twenty-one years, and to be then vested and not before ; and if there should be more than one such excepted son, then In trust for the last survivor of such eldest and other excepted GENERAL FORMS. 225 sons absolutely if and when he attains the age of twenty- one years and becomes such survivor, whichever of the said events should last happen, and to be then vested and not before. AND IT IS HEREBY AGREED that the trustees or trustee may at any time or times after the death of [husband | and. [wefe] or in their, his or her lifetime, with their, his or her consent in writing, raise any part or parts, not exceeding together one half of the presumptive or vested share of any child or other issue of the said intended marriage, under the trusts aforesaid, and may pay or apply the same for his or her advancement or benefit as the trustees or trustee think fit. AND IT IS HEREBY AGREED (a) that if [husband] shall survive [wife] then the annual income of the wife’s trust fund remaining after payment of any annual sum payable or applicable under these presents to or for the benefit of [husband] shall be paid or applied to or for the benefit of the issue of the said intended marriage, or otherwise in like manner as such income would for the time being be payable or applicable if [husband] were dead, and having regard to any appointment for the time being actually made under the powers hereinbefore contained, but with- out regard to any appointment capable of being made but not actually made under those powers. AND IT IS HEREBY AGREED, that if there should not be any child of the said intended marriage who attains a vested interest under the trust in default of appointment hereinbefore contained then subject to the trusts and powers hereinbefore contained, THE HUSBAND’S TRUST FUND (b) and the income and statutory accumulations (if any) of the income thereof, or so much thereof as shall not have become vested or been " (a) This Form is applicable where Form No. 23 or 82 is used. (6) This form is applicable where funds are settled by or on behalf of the husband and wife respectively ; but where only one fund is settled it should be called the trust fund and the required trust in this form adapted to it. SETTLEMENTS. No. 25. No. 26. Advancement clause. No. 27. Trust of surplus income after payment of annuity to husband. No. 28. Trusts in default of children. No. 29. As to husband’s trust fund. SETTLEMENTS. No. 29. nt No. 30. As to wife’s trust fund, Powers of wife in default of children. Effect of words “without ever having been married ” in case of a widow. 224 GENERAL FORMS. applied under any of the trusts or powers affecting the same, shall, after the death of [wife] and such failure of children as aforesaid, be held In trust for [husband], absolutely, AND THE WIFE’S TRUST FUND, and the income and statutory accumulations (if any) of the income thereof, or so much thereof as shall not have become vested or been applied under any of the trusts or powers affecting the same shall, after the death of [husband| and such failure of children as aforesaid, be held In trust for such person or persons and purposes as [wife] shall, while not under coverture, by deed, revocable or irrevocable, or shall, whether covert or sole (a), by will or codicil appoint; And in default of and until and subject to any such appointment, Upon the trusts following (that is to say) If [wife] should survive [husband], then in trust for her absolutely; Bur if she should die in the lifetime of [husband|, then In trust for the person or persons who under the statutes for the distribution of the effects of intestates would have become entitled thereto at her death if she had died possessed thereof intestate and without ever having been married (0), such persons, if more than one, to take as tenants In common in the shares in which they would have taken under the same statutes (c). (a) The testamentary power should be given in all events, and not merely if the wife dies first: Holliday v. Overton, 14 Beav. 467; Trimmell v. Fell, 16 Beav. 587; and Willock v. Noble, L. R. 7 H. L. 580. Power of appointment by deed while not under coverture is required, otherwise on dissolution of the marriage it might be necessary to apply to the Divorce Court with reference to the settled property under 22 & 23 Vict. c. 61, s. 5, as extended by 41 Vict. c. 19, s. 3. (b) The words “ without ever having been married” in the settle- ment of a widow on her second marriage, exclude a child by her former - marriage (Emmins v. Bradford, 13 Ch. D. 493). In such a settlement say “ without having contracted the now intended marriage.” (c) This trust may be retained until it is decided whether on the death of the wife intestate her husband or her next of kin take. If the latter, the trust may be for the wife absolutely, but restrained from anticipation, so as to prevent her assigning during the coverture ; she will then have power to dispose by will only as in the form. GENERAL FORMS. 275 AND IT IS HEREBY AGREED that until all the heredita- ments by the recited indenture of even date herewith conveyed on trust for sale are sold the trustees or trustee shall pay or apply the net rents and profits thereof or of the unsold part thereof (after payment thereout of all rates, taxes, payments for insurance, repairs, and other outgoings which any tenant or other person is not liable to pay), upon and subject to the like trusts and powers upon and subject to which the annual income of the trust fund [or the husband’s trust fund, or the wife’s trust fund, as the case may require|, is payable or applicable under the trusts herein contained. AND IT IS HEREBY AGREED that [wife] may, notwith- standing coverture, by will or codicil appoint that after her death any annual sum or sums not exceeding in the whole the annual sum of £ , Shall be paid to or for the benefit of [husband| during the residue of his life, or any less period, out of the annual income of the wife’s trust fund, and the annual sum or sums so appointed shall be paid accordingly. AND IT IS HEREBY AGREED that [w7fe] may, notwith- standing coverture, from time to time, or at any time, by deed revocable or irrevocable, or by will or eodicil, appoint to or in favour of [husband] in case he should survive her during the residue of his life, or any less period, all or any part of the annual income of the wife’s trust fund: And that upon any such appoint- ment the powers and trusts herein limited to take effect after the death of [wife] shall take effect only after the determination of, and in the meantime subject to, the interest limited by any such appointment. AND IT IS HEREBY DECLARED (a) that in case [husband] shall survive | wzfe| then so much of the annual income (a) This clause is only necessary where the husband surviving has a power of appointment among issue which prevents the immediate distribution of the fund, after setting apart what is required to pay the annuity to him. Q SETTLEMENTS. No. ale Application of rents of real estate until sale. No a2 Power to wife to appoint to husband an annual sum. No. 32a. Power to wife to appoint income to hus- band. No. 820. Destination of surplus income SETTLEMENTS. No. 32D. during sus- pense of ap- pointment. Power to wife to make settlement on future marriage. 226 GENERAL FORMS. of the wife’s trust fund as shall not be required to dis- charge any annual sum payable to him under these presents, shall be paid and applied to or for the benefit of the children or issue of the said intended marriage, or otherwise in like manner as the same would for the time being be payable or applicable if he were dead, and having regard to any appointment which for the time being has actually been made under the powers aforesaid, but so that such payment or application shall not be suspended on account of the possibility that he may make a subse- quent appointment. PROVIDED ALWAYS that if [wife] should marry again, then, without prejudice to any appointment which may have already been made under the powers hereinbefore contained, she may, either in contemplation of or after any subsequent marriage and notwithstanding coverture, from time to time by deed, revocable or irrevocable, or by will or codicil, revoke the trusts, powers and provi- sions hereinbefore declared concerning any part or parts of the wife’s trust fund, not exceeding together the following shares or share thereof, that is to say: If there should be but one child and no more of the now intended marriage who being a son attains the age of twenty-one years, or being a daughter attains that age or marries, not exceeding two-third shares thereof, And if there should be two or more such children, not exceed- ing one half thereof; And may appoint that the part or parts to which such revocation extends shall, after her death, be held upon such trusts and subject to such powers and provisions and generally in such manner for the benefit of any husband who may survive her or any child or other issue or any one or more exclusively of the children or other issue of such subsequent marriage, including powers of advancement in favour of any issue, similar to the power hereinbefore contained in favour of issue of the now intended marriage, as [w2fe| may think proper, but. so that any husband who may survive her shall not take more than a life interest, and that in default of any per- son becoming entitled under any revocation and appoint- GENERAL FORMS. 227 ment under this present power, and subject to the interests appointed thereunder, the part or parts of the wife’s trust fund to which any such revocation and appointment relates shall devolve under these presents in the same manner as if no revocation or appointment had been made under this present power : PROVIDED ALSO, that under an exercise of the power aforesaid any child (a) of [wife] shall not, except by way of advancement, become entitled to any share of the wife’s trust fund unless being a son he attains the age of twenty- one years, or being a daughter she attains that age or marries : PROVIDED ALSO that an only child or any two or more children and any issue of a child or children collectively of [wife| by a subsequent marriage shall not under an exercise of the said power become entitled to a larger share of the wife’s trust fund than such only child or such children collectively would have taken in case the wife’s trust fund had been equally divided between all the children of [wife] by every marriage who being sons or a son attain the age of twenty-one years, or being daughters or a daughter attain that age or marry : PROVIDED ALSO that the power last aforesaid may be exercised so often as |wife| shall marry, so that the total amount ultimately appointed under all revocations and appointments made pursuant thereto shall not exceed, according to the event, the shares or share hereinbefore specified of the wife’s trust fund. AND [husband] hereby covenants with the trustees that if the said intended marriage should be solemnised he will not by any act or omission cause or allow the policy hereby assigned, or any policy substituted therefor as hereinafter provided, to become void or voidable, and will during his life, from time to time, duly pay all money payable for keeping on foot the said policy, or any policy (a) This provision cannot be extended to other issue on the ground of remoteness. Moreover a share appointed to other issue dying under age would not necessarily fall to the husband or wife as next-of-kin. Qa SETTLEMENTS, Aa No. 33. od No. 33. Covenant by husband to keep up policy on his life, and provisions relating thereto and to substituted policy. SETTLEMENTS. No. 34. —— Power for trustees to keep up or restore policy or effect new policy. Limitation of liabilities of trustees. 228 GENERAL FORMS. substituted as aforesaid, or for restoring the same respec- tively if and when voidable; and if any such policy should become void will effect on his life a new substi- tuted policy or policies, with such office and in such names or name as the trustees or trustee shall direct, and for an amount equal to the sum which would have been payable under the void policy if it had not become void and [husband] had then died, and will deliver, and if necessary will also assign, every such substituted policy, and deliver the receipt for every such payment to the trustees or trustee, and will not do or suffer any act or thing by means whereof the trustees or trustee may be prevented from receiving any money assured by any policy, whether original or substituted, subject to the trusts of these presents : AND IT IS HEREBY AGREED that the trustees or trustee may at any time, in their or his absolute discretion, apply any income of the trust funds hereinbefore settled, or if income be insufficient, then any capital, in making any payments proper for keeping on foot or restoring any subsisting policy, or for effecting, keeping on foot, or restoring any substituted policy [but so that as between the husband’s trust fund and the wife’s trust fund the said payments shall be made out of the husband’s trust fund in priority to the wife’s trust fund (a)|: And every policy so effected, and the money payable thereunder, shall be held and applied upon the trusts and subject to the powers and provisions hereinbefore declared concern- ing the policy hereby assigned, and the moneys payable thereunder : AND IT IS HEREBY AGREED that it shall not be obliga- tory on the trustees or trustee to enforce any covenant hereinbefore contained in reference to any policy, whether original or substituted, or to apply any income or capital in making payments for keeping on foot or restoring any such policy, or for effecting or keeping on foot or restoring (a) Omit these words in brackets if there is only one trust fund settled. GENERAL FORMS. 229 any substituted policy, unless when required so to do in any specific. case by writing signed by some person, or the guardian of some person, beneficially interested in the premises: And unless also due provision be made to the satisfaction of the trustees or trustee for payment of the costs of any proceedings required to be taken, and any omission or neglect by the trustees or trustee in any of the matters aforesaid (except when required and upon due provision made as aforesaid) shall not constitute a breach of trust, and the trustees or trustee shall not be responsible on account of any policy becoming void through any means except their or his own omission or neglect when so required, and upon due provision made as aforesaid. AND IT IS HEREBY AGREED, and [wife] (a) hereby covenants with the trustees hereinbefore named that if, besides the trust funds hereinbefore assigned [or settled] by her she should at the time of the intended marriage be (b), or if at any time or times during the same coverture she should become entitled in any manner and for any estate or interest to any real or personal property of the value of £ or upwards (a) This covenant is now made by the wife alone. Under the M. W. P. A. the husband takes no interest in the property devolving on his wife after 1882, and his covenant has no effect: see Dawes v. Tredwell, 18 Ch. D. 854. The covenant by the wife binds her present and future property under s. 1 of that Act, if she is not restrained from anticipating it: sees. 19. But ifshe carries on a trade separately from her husband it is void against her creditors in case of her bankruptcy : ss. 1 (5), 19, Hx parte Bolland, L. R. 17 Eq. 115. An agreement to settle other property of the wife is no longer necessary for the protec- tion of the wife against marital right, but it may still be useful to pro- tect her against marital influence. (b) The words “ should at the time of the intended marriage” are sub- stituted for the usual words “‘ now is,” in order to avoid the ad valorem stamp duty which would be payable under the latter words if the wife were at the date of the settlement entitled to any other property within the meaning of the agreement being of a definite and certain sum or amount. The agreement in the text only renders the settle- ment liable to an additional 10s. stamp. SETTLEMENTS. No. 34. No. 385. Agreement to settle other property of wife. SETTLEMENTS, No. 35. — 230 GENERAL FORMS. at one time and from one and the same source (except jewels, trinkets, ornaments, furniture, plate, china, glass, pictures, prints, books, and other chattels passing by delivery, and not being securities for money, which, and also any property excepted from this covenant as being not of the value of £ , it is hereby agreed shall belong to her absolutely) Then and in every such case she and all other necessary parties will at the cost of the trust estate, as soon as may be, and to the satis- faction of the trustees or trustee, convey such real or personal property to the trustees or trustee upon trust to sell or call in or convert into money such part or parts thereof as shall not consist of money or of an annuity or other real or personal property limited to or held in trust for her for her life only or for a term of years determinable on her death, but with power for the trustees or trustee to postpone such sale, calling in, and conversion so long as they or he may think fit, and to retain investments transferred under this covenant and dispose of the annual income thereof in like manner as the annual income of the wife’s trust fund, and so that any reversionary interest be not sold before it falls into possession unless the trustees or trustee see special reason for sale: AND IT IS HEREBY AGREED that the trustees or trustee shall stand possessed of the money to arise from such sale, calling in, or conversion, and of any part of the said property received in money Upon the trusts and subject to the powers and provisions hereinbefore declared con- cerning money forming part of the wife’s trust fund, or as near thereto as circumstances will permit, and upon trust to pay any annuity or the income of any other real or personal property limited to or held in trust for [wife] for her life only or for any term of years determinable on her death to her without power of anticipation during any coverture, but with power for the trustees or trustee, with her consent in writing at any time to sell the same so that the money to arise from such sale be held and applied upon the trusts and GENERAL FORMS. 231 subject to the powers and provisions hereinbefore declared concerning money forming part of the wife’s trust fund, or as near thereto as circumstances will permit : PROVIDED ALWAYS that the trustees or trustee shall not be made accountable in respect of any real or personal property becoming subject to the covenant to settle lastly hereinbefore contained unless and until the same shall have been actually paid, conveyed, assigned or transferred to them or him, nor shall they or he be chargeable with breach of trust or made liable in any way for not taking any proceedings to get in the same real or personal property or any part thereof unless and until required in writing so to do by some person bene- ficially interested under these presents. [Add power to lease, Form No. 38, post, and see note (a), p. 233. | AND IT IS HEREBY AGREED that the trustees or trustee may during the lives of [husband] and [wife], and the life of the survivor of them, with their, his, or her consent in writing, instead of laying out all or any money held on the trusts of these presents in the invest- ments hereinbefore authorized, invest the same money in the purchase of any messuages, lands or hereditaments in England or Wales, being either freehold, customary freehold, or copyhold of inheritance, or leasehold for any term of years whereof not less than sixty years is unexpired at the time of purchase, And the hereditaments so purchased shall be conveyed, surrendered or assigned to and vested in the trustees or trustee Upon trust, with the consent in writing of [husband] and [wife], or the survivor of them, during their, his, or her lifetime, and after the death of both at the discretion of the trus- tees or trustee to sell the same hereditaments or any part ' thereof ; AND the trustees or trustee shall stand possessed of the net money to arise from any such sale (after payment of the costs incidental thereto) Upon the trusts and subject to the powers and provisions (including this present SETTLEMENTS, No. 35. —— Exoneration of trustees. No. 36. Power to invest in the purchase of land. SETTLEMENTS. No. 86. ——— Noval: Power (ob- ligatory on request) to invest in the purchase of a residence. 232 GENERAL FORMS. power of purchasing hereditaments) upon and subject to which the money laid out under this present power would then have been held if the same had not been so laid out and in the meantime until sale the purchased here- ditaments are to be considered as money. [Add power to lease, Form No. 38, and see note (a), p 233.] AND IT IS HEREBY AGREED that at any time during the joint lives and upon the joint request in writing of [husband| and [wife] the trustees or trustee shall, and they and he are hereby required to raise out of the husband’s trust fund or the wife’s trust fund, or partly out of each, any sum not exceeding £ , and invest the sum so raised in the purchase and in paying the expenses of the purchase of a dwelling-house with or without garden-ground or other land, or any usual ap- purtenances, as a residence for [husband] and |wifel, such messuage and hereditaments to be either freehold, customary freehold, or copyhold of inheritance, or lease- hold for any term of years whereof not less than sixty years is unexpired at the time of purchase, And the hereditaments so purchased shall be conveyed, surren- dered, or assigned to and vested in the trustees or trustee Upon trust at the request in writing of [husband] and | wife] or the survivor of them during their, his or her lifetime, and after the death of both at the discretion of the trustees or trustee to sell the same hereditaments or any part thereof : Anp, &e. | Continue as in last Form, and add at the end the following provision | : AND IT IS HEREBY AGREED that until such sale as afore- said the trustees or trustee shall permit [husband] and [wife] and the survivor of them to occupy the messuage, land and hereditaments so purchased |Add power of leasing, Form No. 38 (a) |. (a) lf Forms Nos. 35, 86, and 37, or any two of them, are used in the same settlement, it will be sufficient to use No. 38 once only, and it should come after the last used. GENERAL FORMS. 9365 AND (a) IT IS HEREBY AGREED that the trustees or trustee may with the consent in writing of [husband] and [wefe], or the survivor of them during their, his, or her lifetime, and after the death of both at the discretion of the trustees or trustee, lease any messuages, lands, or hereditaments subject to the trusts of these presents for any term not exceeding twenty-one years at the best rent to be reasonably obtained, without taking a fine, and subject to such special covenants and provisions as may be deemed proper [and the rents received shall be paid or applied in like manner as the income of invest- ments representing the purchase-money would be payable or applicable if a sale had been made and the proceeds had been invested under the trusts of these presents (0). | AND (c) If IS HEREBY AGREED that the trustees or trustee may with the consent in writing of [husband] and [wife], or the survivor of them during their, his or her life, and after the death of both at the discretion of the trustees or trustee, concur with any other person for the time being entitled to dispose of any undivided share or shares of any lands or hereditaments mentioned in the [2nd] Schedule hereto, in making or in allowing or con- senting to making a partition of the same hereditaments or any of them, and to give or receive any money for (a) Where laud is conveyed upon trust for sale, as in Form No. 16, and the husband and wife are made successive tenants for life of the proceeds of sale and of the rents and profits until sale, the tenant for life for the time being is the person to lease under the Settled Land Act (see ss. 6, 63). But this power can be exercised by the trustees with the consent of the tenant for life (see s, 56 (2)). The same principle applies to land purchased under Forms Nos. 36 or 37. » (6b) Omit the words in brackets where this form is used in connection with Form No.16, and in that case Form No, 31, as to the application of the rents until sale, should be used in the deed of even date: see Precedent XX XA, post. (c) This form is applicable to a settlement of a share of the proceeds of the sale of hereditaments directed to be sold but remaining unsold, see Preced. XXXI., post, but it may be readily adapted to a settlement upon trust for sale of an undivided share. The observations in note (a) as to leasing apply also to a partition. SETTLEMENTS. No. 38. Power of leasing for twenty-one years heredita- ments pur- chased (a). No. 39. Power to concur in partition (c). SETTLEMENTS, No. 39. —— ee No. 40. Power to deposit money in bank, Bonuses to be income. No. 41. Power to make contributory loans. No. 42. Loan may be for a term. 234 GENERAL FORMS. equality of partition, and may make any such partition upon any terms or conditions, and in any manner they or he shall think fit, and may execute and do all assurances and things which they or he think expedient for the purpose of effecting such partition or any arrangement relating thereto, and may accept any hereditaments under a partition instead of the share hereby assigned of pro- ceeds of sale of hereditaments, and ‘the hereditaments so accepted shall be conveyed to and vested in the trustees ov trustee upon and subject to like trusts, powers, and provisions as are by these presents declared and capable of taking effect concerning any hereditaments purchased out of the wife’s trust fund (a) under the power in that behalf hereinbefore contained [7.e. Form No. 36]. AND IT IS HEREBY AGREED that the trustees or trustee may, pending the negociation and preparation of any security hereby authorized, or during any other time while an investment of- the nature aforesaid is being sought for, deposit any money, subject to the trusts of these presents, at any joint-stock or other bank, either at interest or otherwise, as may be deemed expedient, all which interest (if any) and all bonuses and other periodi- cal payments in the nature of income accruing from or payable in respect of any of the trust premises shall, for the purposes of these presents, be deemed annual income, and be applicable accordingly. AND FURTHER that the trustees or trustee may lend money on any security, along with money lent by any other person, and by way of contributory loan, and may accept the security in the names or name of the trustees, or one of them, together with other names or another name, or may permit the same to be taken exclusively in the names of other persons, as may be deemed expedient. AND FURTHER that the trustees or trustee may con- tract that money invested on any security shall not be called in during any specified period. (a) That is, assuming that the share assigned by the settlement belonged to the wife. ae GENERAL FORMS. 255 PROVIDED ALWAYS, that in the execution of any of the aforesaid trusts or powers the trustees or trustee may decide what money represents income and what represents capital, and may allot or apportion any moneys or invest- ments, the trusts whereof are hereby declared, to or between the persons entitled thereto in such manner jand-may set apart such investments to answer any annual sum payable to any person] as the trustees or trustee shall deem just and reasonable according to the respective rights and interests of those persons, and not- withstanding that funds held on different trusts have been blended, and for the purposes aforesaid may ascertain and fix the value of the respective parts of the said investments, and every such decision, allotment, appor- tionment, setting apart, and valuation, shall be as binding upon all persons then or thereafter to be interested in the premises as if the same had been duly made by a Court of competent jurisdiction. AND IT IS HEREBY AGREED that securities to bearer taken as an investment may be deposited by the trustees or trustee for safe custody in their or his names or name with any banker, or banking company, or with any company whose business it is to take charge of secu- rities of that nature, and the trustees or trustee shall not be responsible for any loss incurred in consequence of such deposit, and may pay out of the income of the trust premises any sum required to be paid on account of such deposit and for safe custody, and such deposit shall be asufficient compliance with the power to invest herein- before contained notwithstanding the direction that invest- ments shall be made in their or his names or name. AND IT IS HEREBY AGREED that the said and every other person to be hereafter appointed a trustee of these presents who may be a solicitor and professionally employed in matters relating to the trusts of these pre- sents shall be entitled and is hereby authorized to retain and receive out of the trust premises his usual profes- sional costs and charges, as well by way of remuneration SETTLEMENTS. No. 43. Power to trustees to value and apportion mixed funds. No. 44. Power to trustees to deposit securities to bearer for safe custody. No. 48. Solicitor trustee to be paid his costs. 936 SETTLEMENTS. No. 45. No. 46. Power to appoint new trustees. WILLS. No. 47. Commence- ment of will. No. 48. Commence- of codicil, End of codicil. No. 49. Appointment of trustees and executors. GENERAL FORMS. for business transacted by him or his partner or partners personally, or by his or their clerks or agents (including all business of whatever kind not strictly professional, but which might have been performed or would neces- sarily have been performed in person by a trustee not being a solicitor (a)), as costs and charges out of pocket in the same manner as if the said and every other such person as aforesaid had not been a trustee or trustees hereof, but had been employed and retained by the trustees hereof as solicitor in the matter of the trusts. AND IT IS HEREBY AGREED that [husband] and [wife] during their joint lives, and the survivor of them during his or her life, shall have power to appoint new trustees of these presents. SECT. IV. FORMS IN WILLS. I, SOL , hereby revoke all testamentary dis- positions heretofore made by me, and declare this to be my last will, which I make this day of 18 (b). I of declare this to be a first [07 second, &e.| codicil, which I make this day of 18" {oy to my will which is dated the day of Lisa And subject as aforesaid I confirm my said will. I appoint X. of &e., Y. of &e., and Z. of &e. to be the executors and trustees of my will, and they or the survivors or survivor of them, or the executors or adminis- trators of such survivor, or other the trustees or trustee for the time being hereof are hereinafter called the trustees or trustee, ys (a) As to the necessity for these words, see Harbin v. Darby, 28 Beav. 325. (b) It is very convenient to have the date at the beginning of the will or codicil. GENERAL FORMS. Dot AND I BEQUEATH to each of them, if he shall accept the office of trustee and executor, the sum of £ I APPOINT my wife , and after her death the trustees or trustee, guardian and guardians of my infant children. I conFirMm the settlement made in contemplation of my marriage with my wife, and declare that the provi- sions hereby made for her and my children shall be in addition to and not in satisfaction of those made or covenanted to be made for them by settlement. I BEQUEATH to my wife absolutely all the plate, linen, china, glass, books, pictures, prints, furniture, and articles of household use or ornament, wines, liquors, and con- sumable stores, and other articles and effects of every kind which at my death shall be in or about my dwelling- house, except money or securities for money: And I also bequeath to her the sum of £ , to be paid to her immediately after my death. I BEQUEATH the following charitable legacies, for which the receipts of the treasurers of the respective societies hereinafter named shall be sufficient discharges (that is to say), To the Society £ ; To &e.; all which charitable legacies I direct to be paid exclusively out of that part of my personal estate which by law is applicable for charitable purposes, and in priority to all other pay- ments thereout; and I direct that my debts, funeral and testamentary expenses, and other legacies, shall be primarily charged upon and payable out of my other personal estate not applicable by law for charitable ‘purposes. I BEQUEATH to each of my indoor and outdoor servants, not in receipt of daily or weekly wages, who shall be in my service at my death, and shall have been in such service for twelve calendar months immediately preced- ing, one year’s wages in addition to wages then due. WILLS. No. 49. Legacies to trustees and executors. No. 50. Appointment of guardians. No, 51: Confirmation of téstator’s marriage settlement. INGw oe Bequest to wife of furniture, &e. And legacy. INDaDo: Bequest of charitable legacies. No. 54. Legacies to servants. WILLIS, No.5. Annuities to servants. No. 56. Bequest of annuity. 238 GENERAL FORMS. I BEQUEATH the several annuities following, that is to say, ‘I’o my housekeeper A. B., whether in my service or not at my death, an annuity of £ during her life ; To my butler C. D., if he shall be in my service at my death, an annuity of £ during his life; To &c., &e. And I direct that females shall not have power during any coverture to anticipate their respective an- nuities (a), and that each annuity shall commence from the day of my death and shall accrue due from day to day, but shall be paid by equal quarterly payments, the first of such payments to be made at the end of three calendar months from my death. I empower the. trustees or trustee to provide for payment of any annuity before bequeathed either by purchasing a Government annuity to answer or by setting apart as an annuity fund such investments as the trustees or trustee think proper to answer the same, and any annuity so pro- vided for shall no longer be a charge upon the residue of my estate, but shall be solely charged on the Govern- ment annuity or investments so purchased or set apart, and my personal estate or the proceeds thereof may be distributed accordingly discharged therefrom: And upon the cesser of any annuity the annuity fund (if formed), or so much (if any) thereof as the trustees or trustee do not think it necessary to retain to answer any remaining annuity shall fall into and form part of my residuary estate. I BEQUEATH to an annuity of £ for her life, without power of anticipation during any coverture, to commence from my death and to be considered as accruing from day to day, but to be paid by equal half- yearly payments, the first payment to be made at the end of six calendar months after my death: And I direct the trustees or trustee to set apart as soon as conveniently may be, and invest in their or his names or name in any of the investments in which my re- siduary estate is authorized to be invested, a sum the (a) See as to separate use p. 219, n. (a), ante. GENERAL FORMS. 239 income whereof when invested shall be sufficient at the time of investment to pay the said annuity, and to pay the same accordingly, with power to resort to the capital of the appropriated fund whenever the income shall be insufficient: And until such sum shall be so appro- priated, I charge my residuary estate with the said annuity: And subject to the payment of the said annuity, the appropriated fund, or so much thereof as shall not be resorted to to make up deficiency of income, shall fall into and form part of my residuary estate. I BequeATH the following legacies to the following persons; namely, to the sum of £ , &e., &e. And im case any woman to whom a legacy is herein- before bequeathed should be under coverture at my death then I direct that the trustees or trustee may at their or his absolute discretion either pay the whole or any part of her legacy to such person or persons and in such manner generally as she shall by any writing under her hand direct, or if the trustees or trustee shall think it more for her interest, may pay the whole or any part of such legacy to the trustees or trustee for the time being of any settlement made on or subsequently to her marriage, to be by them or him held upon the trusts by that settlement declared concerning the trust funds, or any specified portion which my trustees or trustee may select of the trust funds comprised therein; Or my trustees or trustee may retain all or any part of the legacy of such woman under coverture and invest the same in any investments hereinafter authorized, and vary investments, and stand possessed of such investments upon trust as to the annual income thereof to pay the same to such woman during her life without power of anticipation during any coverture, and after her death (as to the capital and income) In trust for all or any one or more exclusively of the others or other of the issue of the same woman [continue usual trusts for issue as she shall appoint, and in default for children equally, with hotchpot and advancement clauses, adapting Forms Nos. 64 and 65]: INoaD Tr Gifts of legacies. Option to pay to married woman or to her trustees. WILLS. No. oF If no child of the married woman attains a vested interest,capital of legacy to go as she shall appoint, in detault, to her next of kin. Power to appoint separate" trustees for any legacy. No. 58. Bequest to A. for life with remainder to ' his issue per stirpes. 240 GENERAL FORMS. Anp if no child of the same woman obtains a vested interest under the trust in default of appointment herein- before contained, then the capital of the investments representing her legacy shall be held In trust for such person or persons as she shall while not under coverture by deed, revocable or irrevocable, or as she shall, whether covert or sole, by will or codicil appoint, and in default of and subject to any such appointment In trust for the person or persons who would under the statutes for the distribution of the effects of intestates have become en- titled thereto at her death in case she had died possessed thereof intestate and without having been marrted, such persons, if more than one, to take as tenants in common in the same shares in which they would have taken under those statutes (a): | [Add and adapt power to appoint life interest to a husband surviving, Form No. 70. | I EMPOWER my trustees or trustee to appoint a separate set of trustees for the legacy of any woman under the bequests aforesaid, and to pay or transfer her legacy to the separate set of trustees so appointed thereof and upon the trusts affecting the same, and thenceforth she shall during her life have power to appoint new trustees thereof. I BEQUEATH to the trustees hereinbefore named the sum of £ upon trust, with the consent of A. of &e., during his life, and after his death at the discretion of the trustees or trustee, to invest the same in the names or name of the trustees or trustee in any of the invest- ments in which my residuary estate is authorized to be invested, and to vary investments: And until investment the said sum is to carry interest at the rate of four per cent. per annum from my death, payable out of my residuary estate: And I direct the trustees or trustee to stand possessed of the said sum, or investments and the annual income thereof (a) See notes (a) and (¢) to Form No. 30. GENERAL FORMS. 241 Upon Trust to pay the said income to A. during his life and after his death (as to capital and income) IN TRUST in equal shares for all or any of the children of A. living at the time of his death, who being sons or a son attain the age of twenty-one years, or being daughters or a daughter attain that age or marry, and for all or any of the issue living at that time who being males or a male attain the age of twenty-one years, or being females or a female attain that age or marry, of any child of A. who dies in his lifetime leaving issue living at the time of his death, and so that such issue shall take through all degrees according to their stocks and in equal shares the share or shares which their parent would have taken if living at the time aforesaid, and so that no issue shall take whose parent is living at the time aforesaid, and so capable of taking. [Add power of advancement after the death of A. or in his lifetime with his consent in writing, adapting Form No. 65, post. | Anpv if no child or other issue of A. lives to attain a vested interest under the trusts hereinbefore contained, then subject to the trusts hereinbefore declared in favour of A. and his issue, I direct that the said sum of £ or the in'vestments representing the same, and the income thereof, and all statutory accumulations, if any, of income, or so much thereof respectively as shall not have been applied under any power hereinbefore contained or any statutory power, shall fall into and form part of my residuary estate. “e I prrect all the legacies and the annuity [or annuities | hereinbefore bequeathed to be paid free of legacy duty. I DEVISE AND BEQUEATH all the real and personal estate to which at my death I shall be beneficially en- titled, or of which I shall have any general power to dispose beneficially by will [and not hereby otherwise “it @ eh Le R WILLS. No. 58. Income to A. for life. Capital after his death to his issue per stirpes. No. 59. In default of issue fund to fall into residue. No. 60. Legacies and annuity to be free of duty. Nos G1. General devise and bequest in trust for sale. Power to lease real estate until sale. Trusts of proceeds of sale. Investment. Devolution of trust estates. As to sale with- out consent of tenant for life to pay debts and legacies. 242 GENERAL FORMS. disposed of (a)| unto the trustees hereinbefore named Upon trust that the trustees or trustee [defined in Form No. 49] shall sell (6) the said real estate (including chattels real), and call in, sell, and convert into money such part of my personal estate as shall not consist of money, with power to postpone such sale and conversion for such a period as the trustees or trustee may think proper, And I direct that the income of my personal estate, however invested, shall from my death be treated as income, and no part thereof is to be added to capital, And that until a sale of the said real estate the trustees or trustee may lease the same for any term not exceed- ing twenty-one years at the best rent to be reasonably obtained without taking a fine (c), And that the rents and profits thereof, or of so much thereof as for the time being remains unsold, shall after payment thereout of all rates, taxes, costs of insurance and repairs and other outgoings, be paid or applied to the persons or in the manner to whom or in which the income of the produce thereof is hereinafter directed to be paid and applied, Anp I direct the trustees or trustee out of the money to arise from the sale and conversion of my said real and personal estate and out of my ready money to pay my funeral and testamentary expenses and debts and the legacies bequeathed hereby or by any codicil hereto, and to stand possessed of the residue of the said money Upon trust to invest the same in their or his names or name In [add investments from Form No. 18]. With power for the trustees or trustee at discretion to change such investments for others of a like nature, (a) Omit these words if there is no specific devise or bequest. All trust estates now devolve on executors and administrators either at common law or under C. A. s. 30. (5) There being a trust for payment of debts and legacies, which is paramount to the interest of the tenant for life (if any) in the residue of the proceeds of sale, it is conceived that the trustees can sell without his consent notwithstanding the Settled Land Act, ss. 63, 56 (2). (c) As to the tenant for life (if any) of the proceeds of sale being the person to lease under the Settled Land Act, see p. 233 n. (a), ante. GENERAL FORMS. 243 AND I DECLARE that the trustees or trustee shall stand possessed of the said investments hereinbefore directed to be made or authorized to be retained (here- inafter called the trust fund), and of the annual income thereof, upon the trusts following, that is to say :— Upon Trust to pay the said income to my wife during her widowhood [or during her life without power of anticipation during any coverture (a) |. And after her death or second marriage, which shall first happen [or after her death], then as to the capital and income of the trust fund In Trust for all or any one or more, exclusively of the others or other of my issue, whether children or remoter descendants (b), at such time, and if more than one in such shares, and with such gifts over, and gene- rally in such manner, for the benefit of such issue or some or one of them, as my wife shall, whether covert or sole, by deed revocable or irrevocable, or by will or codicil appoint ; and in default of and until and subject to any such appointment, In Trust for all or any my children or child who being sons or a son attain the age of twenty- one years, or being daughters or a daughter attain that age or marry, and if more than one in equal shares, Anp I declare that any child who, or whose issue shall take any part of the trust fund under any appointment by my wife shall not, in the absence of any direction by her to the contrary, take any share in the unappointed part without bringing the share or shares appointed to him or her, or his or her issue into hotchpot, and account- ing for the same accordingly. (a) As to separate use see p. 219, n. (a), ante. (b) It is not necessary expressly to restrict this power within the limits allowed by the rules against perpetuity: Routledge v. Dorri, 2 Ves. Jr. 856; Attenborough v. Attenborough, 1 K. & J. 296; but in any appointment made under it regard must be had to those limits as from the death of the testator. R 2 WILLS. No. 62. Trusts of investments. No. 638. Income to wife during widow- hood [or life]. No. 64. Trust for issue as wife shall appoint ; in default for children. Hotchpot clause. WILLS. No. 65. Advancement clause. No. 66. Settlement of daughters’ shares. Income to be paid to each daughter for her life. 244 GENERAL FORMS. I mMpoWER the trustees or trustee at any time and from time to time after the death or second marriage [or after the death (a)| of my wife, or during her widowhood [or her life (a)], with her consent in writing to raise any part or parts not exceeding together one-half of the presumptive or vested share of any child or other issue of mine under the trusts hereinbefore declared, and to pay or apply the same for the advancement or benefit of such issue, as the trustees or trustee think proper. I pirect that after the death or second marriage of my wife, which shall first happen [or after the death of my wife, if she takes a life interest], unless. she shall in exercise of the power of appointment hereinbefore given to her expressly direct to the contrary, the trustees or trustee shall retain in their or his names or name, the share of each daughter of mine in the capital of my resi- duary estate under the trust aforesaid, with power after she attains the age of twenty-one years, and after the death or second marriage, [or after the death] of my wife with the consent of such daughter during the resi- due of her life, but during her minority and also after her death at the discretion of the trustees or trustee from time to time to vary the investments thereof for others of a like nature; AND shall stand possessed of her share and the investments representing the same hereinafter included in the description of such daughter’s share (subject to any advancement made for her benefit under the aforesaid power of advancement), Upon TRusT to pay the income thereof to such daughter for her life, without power of anticipation during any coverture : Anp after her death the capital and income of such daughter’s share shall be held [Here add usual trusts for issue as she shall appoint, and in default for children equally with hotchpot and advancement clauses, adapting Forms Nos. 64 and 65]. (a) The words in brackets to be used if the wife takes a life interest. GENERAL FORMS. 245 AND if there should not be any child of such daughter who under the trust in default of appointment herein- before contained attains a vested interest in her share, Then subject to the trusts and powers hereinbefore de- clared in favour of such daughter and her issue, her original share, and also any share or shares which shall have accrued under this provision, shall accrue to and be held In Trust for my other children or child who being sons or a son attain the age of twenty-one years, or being daughters or a daughter attain that age or marry, and if more than one in equal shares, but so that the further share accruing to each daughter shall be retained and held by the trustees or trustee upon and subject to the like trusts and powers as are hereinbefore declared con- cerning the original share of that daughter, and so that the further share accruing to each child of mine shall be subject to the like power of advancement as his or her original share. | Where legacies are given to daughters instead of shares of the residue say, before the general devise and bequest, No. 61.| I BEQUEATH the sum of £ to each of my daughters, AND I direct that the trustees or trustee shall retain the legacy bequeathed to each daughter of mine and invest the same in their or his names or name with her consent if of age, and if under age and also after her death at the discretion of the trustees or trustee in any of the investments in which my residuary estate is authorized to be invested, with power with the like consent or at the lke discretion to vary the investments thereof for others of a hke nature, AND shall stand pos- ‘sessed of each daughter’s legacy and the investments representing the same hereinafter included in the de- scription of such daughter’s legacy (subject to any ad- vancement which the trustees or trustee shall think proper to make and which I hereby authorize to be made for her benefit to any amount not exceeding one-half -of each daughter’s legacy) Upon trust |trusts as to WILLS. No. 67. Capital of daughter’s share in default of her children to accrue to other children. No. 68. Bequest of legacies to daughters and settlement thereof. No. 69. In default of children, each daughter’s legacy to fall into residue. No. 70. Power to daughters to appoint life interests to surviving husbands. No. 71. Trustees on marriage of daughter may declare other trusts of her share [or legacy |. 246 GENERAL FORMS. income for such daughter for her life, and after her death as to capital and income for her issue as she shall appoint, with hotchpot and advancement clauses, and in default for her children equally, as in Form No. 66. | Anp if there should not be any child of a daughter who under the trust in default of appointment herein- before contained attains a vested interest in her legacy, Then subject to the trusts and powers hereinbefore de- clared in favour of such daughter and her issue, her legacy and the income thereof and all statutory accu- mulations, if any, of income, or so much thereof respec- tively as shall not have been applied under any of the powers hereinbefore contained or any statutory power, shall fall into and form part of my residuary estate. I DECLARE that it shall be lawful for each daughter of mine from time to time or at any time while not under coverture by deed revocable or irrevocable, or whether covert or sole by will or codicil, to appoint to or for the benefit of any husband who may survive her during the residue of his life or any less period, all or any part of the annual income of her share, as well original as accruing under the trusts aforesaid [or of the legacy hereinbefore bequeathed to her], And that upon any such appointment the trusts and powers hereinbefore limited to take effect after the death of the daughter so appointing, shall take effect only after the determination of and in the meantime subject to the interest limited by any such appointment. I DECLARE that notwithstanding the trusts hereinbefore contained respecting the share of [or the legacy herein- before bequeathed to] each daughter of mine as aforesaid, the trustees or trustee may by deed executed by them or him previously to and in consideration of the marriage of any such daughter, but with the consent of her and her intended husband if she have then attained the age of twenty-one years, or otherwise with the consent of such in- tended husband and of her guardian or guardians to revoke GENERAL FORMS. 247 from and after the intended marriage all or any of the trusts, powers, and provisions hereinbefore declared con- cerning the share [or the legacy] of the same daughter, and either to direct the whole or any part or parts thereof to be held immediately after the marriage In trust for her intended husband absolutely, or to declare and limit such other trusts, powers, and provisions to take effect after the intended marriage, and concerning the same share [or legacy |, or any part or parts thereof, as to the trustees or trustee with such consent as afore- said shall seem proper, and if thought expedient to constitute any other persons or person trustees or trustee of the same share [or legacy|, and to transfer the same to such persons or person accordingly, whose receipt in writing shall be a sufficient discharge for the same. I declare that the power lastly hereinbefore contained may be exercised in contemplation of a second or any subse- quent marriage of the same daughter, but nevertheless without prejudice in any respect to any previous exercise thereof on the occasion of any earlier marriage. I DECLARE that any sum which on the marriage of any daughter of mine shall be paid to her, or settled by me on such marriage, shall be taken as being so paid or settled in or towards satisfaction of her share in my residuary estate [or the legacy hereinbefore bequeathed to her]. I DECLARE that notwithstanding the trust for sale of my real estate hereinbefore contained the trustees or trustee may, if they or he think proper, raise any sum or sums for the payment of all or any of my funeral and testamentary expenses and debts, and the legacies bequeathed hereby or by any codicil hereto (whether my personal estate shall be deficient or not, and without the necessity of applying any personal estate in making any such payment) by mortgage of all or any part of my real estate upon such terms as the trustees or trustee shall think fit, And may convey the hereditaments so to be No. 72. Declaration that sum paid or settled be taken as part of legacy. No. 73. Power to mortgage for payment of debts, &c. No. 74. Testimonium and attestation clause to will or codicil. 248 GENERAL FORMS. mortgaged to any person or persons, either in fee, or for any term of years, with or without impeachment of waste or otherwise, by way of mortgage for securing payment of the money raised and interest thereon, and with such powers as may be thought expedient, and may for such purposes as aforesaid execute and do all such assurances and things as the trustees or trustee shall think fit, And a mortgagee shall not be concerned to inquire whether any money is wanted for the purposes of my will, or whether more than is wanted is raised (a). In witness whereof I have hereunto set my hand the day and year first above written (b). | Testator’s signature. | Signed and declared by the above named as [a codicil to] his last will in the presence of us both present at the same time, who in his presence and the presence of each other have hereunto set our hands as witnesses. [ Two witnesses, adding addresses, and descriptions of any (c).| (a) Money may be raised by mortgage under this power without the consent of the tenant for life of the proceeds of sale, though under the Settled Land Act, s. 63, a sale for the same purpose may not be capable of being made without his consent. (6) The date is at the beginning. (c) The addresses and descriptions of the witnesses are not necessary, but are convenient for identification. PRECEDENTS. 249 CHAPTER V. PRECEDENTS. SECT. I. PURCHASE DEEDS. ’ CONVEYANCE BY MORTGAGEES OR TRUSTEES AND BENE- FICIAL OwNER under C. A. s. 7 @) A. and F. (Witnessing part.) Now THIS INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of &c., A. and B. AS MORTGAGEES [or TRUSTEES] and according to their estate and by the direction of X. hereby convey, and X. as BENEFICIAL OWNER hereby conveys and confirms unto, &e. [See C. A. Schedule 4, Form III. ] This form implies a several covenant by the mortgagees or trustees, that they have not incumbered or done any act to prevent them from conveying, &c., C. A. s.7 (1) F. This being a covenant by “every person,” the word “ person ” does not admit of being read in the plural, and the covenant is, moreover, expressly confined to the person’s own acts. So that making two persons jointly convey ‘‘as mortgagees ” or ‘as trustees ” has not, as in other cases, the effect of a joint covenant. The form also implies a covenant for title by X. that notwithstanding anything by him, or any one through whom he derives title other- wise than by purchase for value, &c., he with the concurrence of the mortgagees or trustees can convey, &c. (s. 7 (1) A). A mortgagee or trustee, except where he is selling, conveys by refer- ence to his mortgage or trust deed. If he conveys by substantive description it is usual to add the words “ according to his estate.” “Convey” is used in this and some other forms, but it is not a necessary word. PURCHASE DEEDS. No. L. Co Age GCE), A.& F. MorTGAGEES OR TRUSTEES AND BENEFI- CIAL OWNER. Covenant F not joint. Mortgagee or trustee conveys only according to his estate except on selling. PURCHASE DEEDS. No. II. C, A. s. 7 (2), (7). TRUSTEES AND TENANT FOR LIFE. No. III. CoB. Bs-4-(3); HUSBAND AND WIFE (WIFE BENEFICIAL OWNER). 250 PRECEDENTS. ConvEYANCE by Trusrers of the power of sale and exchange in a settlement by the direction of the TENANT FOR LIFE under C. A., s. 7 (2) with a varia- tion under subs. 7. (Witnessing part.) Now THIS INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of &c., and in exercise of the power given by the hereinbefore re- cited indenture of &., A. and B. as TRUSTEES, and by the direction of X. AS BENEFICIAL OWNER, do hereby revoke all the limitations now subsisting under the said recited indenture concerning the lands and hereditaments here- inafter mentioned, and do hereby appoint and convey All &e., ‘T'o the use Xe. Under C. A. s. 7, A. and subs. (2) this form implies a covenant by X. that notwithstanding anything by him, or any one through whom &c. (which includes the settlor) he has, with the concurrence of the trustees, power to convey &c. If it is desired to restrict the covenant of X. to his own life estate add the proviso in Form No. 1, p. 206. This precedent is retained in this edition as an illustration of the covenant referred to in the note to C. A. s. 7 (2), p. 39, ante, and it may still be used if required. The Settled Land Act, s, 56 (2), still permits trustees, with the consent of the tenant for life, to sell under the power in the settlement. See a precedent, No. XIIa., post, of a conveyance by a tenant for life under the Settled Land Act, s. 638, of land settled on trust for sale. CONVEYANCES BY HUSBAND AND WIFE under C. A. s.7 (3). (Witnessing part.) 1. Now THis INDENTURE WITNESSETH that in pursuance, &e., A. S., AS BENEFICIAL OWNER, with the consent of B. 8S. her husband, hereby conveys and disposes of [or appoints | unto &e. This form implies a covenant for title on the part of the wife only, but no covenant on the part of the husband. Conveyance includes appointment, and “ convey ” includes “ appoint.” PRECEDENTS. 251 2. Now THIS INDENTURE WITNESSETH We., that A. S. AS BENEFICIAL OWNER, with the concurrence of B.S. her husband, hereby conveys and disposes of, and B. 8. as BENEFICIAL OWNER hereby conveys and confirms unto &c. This form implies a covenant for title on the part of the wife that notwithstanding anything by her &c., she has &c., and binds her present and future separate estate, which she is not restrained from antici- pating (M. W. P. A., ss. 1, 19), and also a covenant for title by the husband that notwithstanding anything by him &c., he has &c., and also a covenant by him in the same terms as the implied covenant of the wife, namely, “That notwithstanding anything by her &c., she has” &c. This form is applicable to the ordinary case of a conveyance by husband and wife of the wife’s freeholds acquired before 1883, and not settled to her separate use, and the deed must be acknowledged by her under 3 & 4 Will. 4, c. 74, ss. 77, 79, as amended by C. A., 1882, s. 7. If the property was acquired after 1882, she can convey it as a feme sole without the concurrence of her husband and without acknowledgment. CONVEYANCES BY TENANTS IN Common. ( Witnessing part.) 1. Now Tuis INDENTURE WITNESSETH that in conside- ration of &., A. as to the one undivided moiety to which he is entitled and as BENEFICIAL OWNER, and B. as to the other undivided moiety to which he is entitled and As BENEFICIAL OWNER, hereby conveys unto &c. This form implies covenants by A. and B, severally each as to his own motety. 2. Now THis INDENTURE WITNESSETH that in conside- ration of &c., each of them, A., B., C., &c., as to the undivided share to which he is entitled as hereinbefore recited, and AS BENEFICIAL OWNER, hereby conveys unto &e. This implies a several covenant by each as to his share shewn by recital. PURCHASE DEEDS. No. IV. HUSBAND AND WIFE (BOTH BENEFICIAL OWNERS.) No. V. eee TENANTS IN COMMON. Several cove- nant as to each moiety. No. VI. Several cove- nant as to recited shares. PURCHASE DEEDS. No. VII. JOINT TENANTS. Several cove- nant as to entirety. No. VIII. Several cove- nant as to entirety. No. IX. Joint covenant as to entirety. No. X. Joint and several cove- nant. 252 PRECEDENTS. CONVEYANCES BY JoInT TENANTS. (Witnessing part.) 1. Now tuts INDENTURE WITNESSETH that in conside- ration, &c., A. AS BENEFICIAL OWNER, and also B. As BENEFICIAL OWNER, hereby convey unto &e. This form implies covenants by A. and B. severally each as to the entirety. As to when a purchaser is entitled to joint and several covenants, see second note to Precedent X. 2. Now THIS INDENTURE WITNESSETH &c., that each of them, A., B., and C., as to his own undivided share to which he is entitled as hereinbefore recited, and as BENEFICIAL OWNER, and also by therdirection of each of the others of them directing AS BENEFICIAL OWNER, hereby conveys unto &e. This implies a several covenant by each as to the shares of the others as well as his own: C. A. s. 7 (2); and gives in another form a several covenant as to the entirety. 3. Now THIS INDENTURE WITNESSETH that in conside- ration of &c., A. and B., AS BENEFICIAL OWNERS, do hereby convey unto &e. This implies a joint covenant by A. and B. as to the entirety that notwithstanding anything by them &c., they have full power &c. 4. Now THIS INDENTURE WITNESSETH that in conside- ration of &c., A. and B., AS BENEFICIAL OWNERS, do and also each of them AS BENEFICIAL OWNER and by the direction of the other of them DIRECTING AS BENEFICIAL OWNER doth hereby convey unto &e. This implies a joint covenant by A. and B. as to the entirety that notwithstanding anything by them &c., they have full power to convey &c., and also a several covenant by each that notwithstanding anything by him &c., he with the concurrence of the other has full power to convey &c. Where the sale is made without any special agreement as to cove- nants it is conceived that the purchaser is entitled to the joint and several covenants by all tenants in common as to the entirety. PRECEDENTS. 253 CONVEYANCE BY TENANT FOR LIFE AND REMAINDER- MAN. (Wetnessing part.) Now tuts INDENTURE WITNESSETH that in considera- tion of &c., each of them A. and B. aS BENEFICIAL OWNER, and by the direction of the other of them DIRECTING AS BENEFICIAL OWNER, hereby conveys unto we. In this form a several covenant is implied by each as to the entire fee that notwithstanding anything by him &c., he with the concur- rence of the other has full power to convey &c. The covenant of each of them severally may if desired be restricted to his own estate, so far as regards the tenant for life by a proviso similar to that in Form No. 1, p. 207, and so far as regards the remainderman by the following proviso— PROVIDED ALWAYS, that so far as regards the life estate of A. [tenant for life| in the said hereditaments intended to be hereby conveyed, and the title to and further assurance of the same hereditaments during his life the covenant by Bb. | remainderman| in these presents impled by statute shall not extend to the acts, deeds, or defaults of any person other than and besides B. and his own heirs and persons claiming or to claim under or in trust for him, them, or any of them. CONVEYANCE of F'REEHOLDS by BENEFICIAL OWNER. Tus INDENTURE made the day of Revo" ae Between of , hereinafter called the vendor, of the one part, and of , hereinafter called the purchaser, of the other part. _ WueErREAS the vendor is now seised in fee simple in possession free from incumbrances of the hereditaments hereinafter conveyed (a), and has agreed to sell the same to the purchaser for the like estate in possession free from incumbrances at the price of £ Now Tuis INDENTURE WITNESSETH that in pursuance (a) See Bolton v. London School Board, 7 Oh, D. 766, as to the effect of this recital, and see note thereon, p. 12, ante. PURCHASE DEEDS. No. XI. TENANT FOR LIFE AND RE- MAINDERMAN. Proviso restricting the covenants of the remainderman. No. XIa. Parties. Recitals. Testatum. Conveyance, PURCHASE DEEDS. No. XIA. Parcels, Habendum. Quantity of estate not defined on the premises. 254. PRECEDENTS. of the said agreement, and in consideration of the sum of £ paid by the purchaser to the vendor (the receipt of which sum the vendor hereby acknowledges), The vendor AS BENEFICIAL OWNER hereby conveys unto the purchaser (a) All that &c. situated &c. more particularly described in the | first] schedule hereto, and intended to be delineated on the plan indorsed on these presents and therein edged To HOLD unto and to the use of the purchaser in fee simple. | Add, if required, Acknowledgment by vendor of right of purchaser to production of documents of title in schedule, and to delivery of copies thereof, and Undertaking for safe custody thereof, Form No. 3.| In witness, &e. Tue [First] SCHEDULE ABOVE REFERRED TO. | Parcels. | [ Add, if required for documents, THE SECOND SCHEDULE ABOVE REFERRED TO. | General words and the all estate clause are supplied by C. A. ss. 6, 63; and covenant A of s. 7 (1) of that Act is implied. Following the forms in the 4th schedule of the C. A. (which by s. 57 are declared to be sufficient) the “premises” (the part preceding the habendum) need not contain words of limitation; the estate to be taken may be defined only in the habendum. This is a return to the original office of the premises. The practice of limiting the estate both in the premises and in the habendum is stated by Sheppard in his Touchstone to be improper, though it has been generally adopted : Shep. Touch. by Preston, c. v. p. 74. (a) Where recitals are dispensed with the witnessing part should © commence thus— WITNESSETH that in consideration of the sum of £ paid by the purchaser to the vendor for the purchase of the hereditaments hereinafter mentioned in fee simple in possession free from incumbrances, the receipt of which sum the vendor hereby acknowledges, The vendor AS BENEFICIAL OWNER hereby conveys unto the purchaser All that &e. PRECEDENTS. 255 “Fee simple” is used in these Precedents in accordance with C. A., s. 51. The word “assigns,” which is usually added is omitted generally in these Precedents as superfluous (see n., p. 258, post), except in Nos. XXX. and XXXII., for the reason stated in note to No. XXX. For an ordinary CONVEYANCE of FREEHOLDS BY Mort- GAGOR AND MORTGAGEE, see C. A. 4th Sched. Form IIL, and: Preced. I., ante. CoNVEYANCE of FREEHOLDS by the ExEcUTOR of the suR- VIVOR of DECEASED MORTGAGEES under the power of sale conferred by the C. A. THis INDENTURE made &c. 1883, Between X. of &c. | vendor] of the first part and B. of &c. [ purchaser] of the other part. WHEREAS by an Indenture dated &c. 1882, and made between A. of the one part and M. and N. (both since deceased) of the other part, the hereditaments hereinafter mentioned were conveyed by A. as beneficial owner to the use of M. and N. in fee simple by way of mortgage for securing payment by A. to M. and N. of £1000 advanced by them on a joint account to A. with interest on the day therein mentioned and since passed : AnpD whereas M. died on &c. 1882, and N. died on &e. 1883, having by his will dated &c. appointed the said X. his sole executor who proved the same in the Principal Probate Registry on &c. AND whereas the said sum of £1000 and an arrear of interest thereon are still due to the said X. as such exe- cutor as aforesaid upon the hereinbefore recited indenture: Now THIS INDENTURE WITNESSETH that in considera- tion of the sum of £2000 paid to X. by B. for the pur- chase of the fee simple of the hereditaments hereinafter mentioned, the receipt of which sum X. hereby acknow- ledges, X. AS THE PERSONAL REPRESENTATIVE of N. deceased, hereby in exercise of the power of sale conferred by the Conveyancing and Law of Property Act, 1881, conveys and releases unto B. All that &c. PURCHASE DEEDS. No. XI. No. XII. FREEHOLDS. Parties. Recital. Mortgage. Death of mortgagees and will of survivor. That principal and interest due. Testatum. Conveyance. Parcels, PURCHASE DEEDS, No. XII. FREEHOLDS. Habendum. Conveyance under power of sale in C. A. by mortgagee. Where “the said” may be omitted. No. XITA. FREEHOLDS BY TENANT FOR LIFE. Parties. Recitals. Settlement. 256 PRECEDENTS. To HOLD unto and to the use of B. in fee simple dis- charged from all money secured by and all claims under the recited indenture. In witness &c. The mortgage estate devolves upon the executor of the last surviving mortgagee under OC. A. s. 30, with the right to exercise the power of sale, which is by s. 19 made incident to the estate of mortgagees under a deed executed after 1881. General words and the all estate clause are supplied by C. A., ss. 6, 63. Covenant F of s. 7 (1) is implied by the executor. The conveyance must be made in professed exercise of the power of sale conferred by the C. A. in order to give to the purchaser the protec- tion of s. 21 (2) against irregularities in the sale. The words “the said” may be conveniently omitted where there are no recitals, or where a person, though previously mentioned, is not a party. . CONVEYANCE of FREEHOLDS by TENANT FOR LIFE of proceeds of sale under a SETTLEMENT WHICH CREATES A TRUST FOR SALE. Tuts INDENTURE made &c. between R. W. of &c. [tenant for life] of the first part, R. N. of &c. and R. L. of &c. [trustees] of the second part, and X. Y. of &ce. | purchaser | of the third part. Whereas by an Indenture dated &c. and made be- tween the said R. W. of the first part, H. A. of the second part, and the said R. N. and R. L. of the third part (being a conveyance made in consideration of the mar- riage then intended and since solemnized between the said R. W. and H. A.), the pieces of land and heredita- ments hereinafter mentioned were | with other heredita- ments| conveyed To the use of the said R. N. and R. L. in fee simple after the solemnization of the said marriage Upon trust to sell the same at the request in writing of the said R. W., And to stand possessed of the net pro- ceeds of such sale, and also of the rents and profits of the premises until sale, Upon the trusts and subject to the powers and provisions declared concerning the same by an Indenture therein referred to bearing even date there- PRECEDENTS. AGW with, under which trusts the said R. W. is tenant for life of the proceeds of the sale : And whereas the said R. W. as such tenant for life has agreed to sell to the said X. Y. the said pieces of land and hereditaments hereinafter mentioned and the fee simple in possession free from incumbrances, at the price of £ , and the said R. N. and R. L. have agreed to join in these presents as hereinafter appearing. Now THis INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of the sum of £ upon the execution of these presents paid to the said R. N. and R. L. as such trustees as aforesaid, by the said X. Y., the receipt whereof the said R. N. and R. L. hereby acknowledge, the said R. W. in exercise of the power conferred on him by the Settled Land Act, and AS BENEFICIAL OWNER hereby conveys, and the said R. N. and R. L. as trustees hereby convey and sous Unto the said X. Y. All those pieces of land situated in the parish of &c. in the county of , containing EV reo or thereabouts, a particular whereof is contained in the [first] schedule hereto, and which are intended to be delineated on the plan indorsed on these presents and therein coloured To HOLD UNTO AND To THE USE of the said X. Y. in fee simple. [Add proviso restricting the tenant for life’s implied covenants for title, Form No. 1, and acknowledgment by the trustees as to production of the settlement, and (if all the settled lands are not sold) also of the recited conveyance and other documents, Form No. 3. | In witness &e. THe [First] SCHEDULE ABOVE REFERRED TO. | Parcels. | [Add if required for deeds, THE SECOND SCHEDULE ABOVE REFERRED TO. | General words and the all estate clause are supplied by C. A. ss. 6, 63, and Covenant A of s. 7 (1) as varied (subs. 7) is implied 8 PURCHASE DEEDS. No. XIJA. Agreement for sale. Testatum. Conveyance. Parcels. PURCHASE DEEDS. No. XII. Sale by tenant for life. Concurrence of trustees. NORTE LEASEHOLDS. CrAcsos CL) A and B. Why executors, administrators, and assigns omitted. 258 PRECEDENTS. by the tenant for life, and Covenant F of that 8s. is implied by the trustees. The tenant for life of the proceeds of the sale is the proper person under the Settled Land Act, s. 63, to sell land settled upon trust for sale. The trustees may, however, sell with his consent, but it is safer for them to allow him to sell, as then they incur no liability, except in respect to the receipt and application of the purchase-money. As the trustees have to concur to receive the purchase-money they are made to convey also, but their concurrence for the latter purpose is not necessary, the tenant for life has full power to convey the whole subject matter of the settlement (S. L. A. ss. 20, 63), including any legal estate vested in the trustees, CoNVEYANCE OF LEASEHOLDS. (Witnessing part.) [For recitals and wtimate devolution of lease, see PRECED. Nos. XIV. and XVI. post. ] Now THIS INDENTURE WITNESSETH that in pursuance of the said agreement, and in consideration of &e., the said A. B. AS BENEFICIAL OWNER hereby conveys unto CO. D. All the said premises demised by the hereinbefore recited lease [which premises are now known as (add if necessary a modern description) | To Hnotp to C. D. during the residue of the term granted by the said lease at the rent and subject to the lessee’s covenants and the conditions by and in the said lease reserved and contained and henceforth to be paid and observed [add covenant by purchaser to pay rent, &c., Form No. 2, ante]. In witness &e. This form implies the covenants by the vendor, C. A.s. 7 (1), A. and B. General words are supplied by s. 6. The words ‘‘ executors, administrators, and assigns,” usually added in assignments of leaseholds are superfluous; the executors or ad- ministrators take the personal estate of the assignee at Common Law, and the word “assigns” is not a word of limitation: Williams, R. P. 145, 12th ed.; Osborne v. Rowlett, 13 Ch. D. 777, per M. R. As to the use of “heirs and assigns ” see pp. 215 (b), 292 (a). The word “absolutely ” may be used as an absolute assignment of personalty, and where the assignment is for a limited interest, as in leaseholds, the habenduwm may express that interest. PRECEDENTS. 259 CONVEYANCE OF FREEHOLDS AND LEASEHOLDS TO THE USES AND UPON THE TRUSTS OF A WILL. Tus INDENTURE made the day of Ivster between C. 8. of &e. [mortgagee], of the first part, A. H: of &c. [vendor], of the second part, H. D. of &e. [tenant Jor life|, of the third part, and E. L. of &c., and L. P of &c., of the fourth part: Whereas A. H. is seised in fee simple free from in- cumbrances of the freehold hereditaments hereinafter mentioned and conveyed by the first witnessing part of these presents : And whereas by an indenture dated the Ist day of June, 1651, and made between J. W. of the one part, and J. Hi. of the other part, the said J. W. demised All that &e., unto the said J. E. for the term of one thousand years without impeachment of waste under the yearly rent of a peppercorn : And whereas, after divers mesne assignments and acts in the law, ultimately under an indenture dated &c., the premises so demised became vested in J. H., deceased, for the residue of the said term of one thousand years : And whereas by an indenture of mortgage dated &c., and made between the said J. H. of the one part, and the said C. 8. of the other part, the said J. H. assigned the said demised premises unto the said C. 8. for the residue of the said term of one thousand years by way of mortgage for securing the sum of £ and interest thereon : And whereas the said J. H. died on &c., having by his will, dated &c., appointed his son the said A. H. his executor, and bequeathed to him the said demised pre- mises and he proved the said will on &c., in the Principal Probate Registry : And whereas E.G. D., late of &c., deceased, duly made his will dated &c., and thereby devised all his real estate in the counties of &c., To the use of his eldest son the said H. D. during his life, without impeachment ‘of waste, with remainders to his issue male and to other sons and their issue male; and the said will, contained ae, PURCHASE DEEDS. No. XIV. FREEHOLDS AND LEASE- HOLDS. Parties. Recitals.— Seisin of the freeholds by A. H. Demise of the leaseholds. Devolution of leaseholds. Mortgage thereof. Will and death of mortgagor. Will of the testator to the uses whereof the convey- ance is to be made, and under which H. D. is tenant for life. PURCHASE DEEDS. No. AL Power to his trustees to sell and exchange, and invest the proceeds in the purchase of hereditaments. Codicil sub- stituting E. L. as a trustee instead of one of the original trustees. 260 PRECEDENTS. divers powers and provisions, including a power toC.J.8. and EH. B. W. (the trustees therein named) during the life of each of the testator’s sons thereby made tenants for life, who for the time being should be entitled to the possession or receipt of the rents and profits of the said heredita- ments thereby devised (with his consent in writing), to sell or exchange in manner therein mentioned, the hereditaments subject to the limitations of the said will; And the said testator declared that the said C. J.S. and K. B. W. should receive the money arising by any such sale and invest the same in the purchase of here- ditaments in England or Wales for an estate of inherit- ance in fee simple, or of lands of a leasehold or copyhold or customary tenure convenient to be held therewith or with any hereditaments for the time being subject to the subsisting uses of that his will, so that during the life of any person thereby made tenant for life who should for the time being be entitled as aforesaid, every such purchase should be made with his consent in writing, And should cause the hereditaments so purchased to be settled and assured to the uses, upon the trusts, and subject to the powers and provisions in the said will declared concerning the hereditaments thereinbefore devised in strict settlement, or as near thereto as the deaths of parties and other intervening circumstances would admit of, but not so as to increase or multiply charges, and so that if any of the lands purchased or taken in exchange should be held by a lease for years the same should not vest absolutely in any person thereby made tenant in tail male by purchase who should not attain the age of twenty-one years, but on his death under that age should devolve in the same manner as if they had been freeholds of inheritance and had been settled accordingly; And the said will contained a power to appoint new trustees : And whereas the said E.G. D. made a first and second codicil dated respectively &c., to his said will not affecting his said will so far as hereinbefore recited, and also made a third codicil dated &c. to his said will, and thereby in effect substituted the said E. L. as a trustee of his said PRECEDENTS. 261 will in the place of the said E. B. W., and devised and gave to the said C. J. S. and HE. L. the same estates and powers as were by the said will devised and given to the said C. J. S. and E. B. W.: And whereas the said testator died on &c., without having revoked the said will and codicils, which were duly proved in the Principal Probate Registry on &c. And whereas by an indenture dated &ec., and made between the said H. D. of the first part, the said C. J. 8. of the second part, the said EK. L. of the third part, and the said L. P. of the fourth part, the said L. P. was under the aforesaid power in the said will duly appointed a trustee of the said will and codicils in the place of the said C. J. 8.: And whereas the said E. L. and L. P. as such trustees as aforesaid, and with the consent of the said H. D., have agreed with the said A. H. for the purchase of the freehold hereditaments hereinafter mentioned and also of the said leasehold premises comprised in the said term of one thousand years, for all the residue of that term free, as to all the said premises, from incumbrances, at the price of £ 3 And whereas the principal sum of £ | Sfandeno more is now owing to the said C. 8. on the security of the hereinbefore recited mortgage, all interest thereon having been paid, as he hereby acknowledges, and he has agreed on receiving the sum so due to him to join in these presents as hereinafter appearing : Now tuis INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of £ paid to the said A. H. and of the further sum of £ paid to the said C.8., as hereinafter mentioned, by the direction of the said A. H., and making together the total purchase-money of £ paid to or at the request of the said A. H. by the said HE. L. and L. P. out of money in their hands as such trustees as aforesaid (the payment and receipt as aforesaid of which sum of £ the said A. H. hereby acknowledges), the said A. H. AS BENEFICIAL OWNER hereby conveys unto the said H. L. and L. P. PURCHASE DEEDS. No. XIV. — Death of last- mentioned testator, and probate of his will. Appointment Of le Peas trustee of that will. Agreement to purchase. Mortgage debt still due, First testatum., Conveyance of the freeholds. PURCHASE DEEDS. No. XIV. Further testatum. Conveyance of the leaseholds released from mortgage. 262 PRECEDENTS. All that &c., containing statute measure or there- abouts, now in the occupation of M. as tenant thereof, which said premises are intended to be more particularly described in the first schedule hereto and to be delineated in the plan drawn in the margin of these presents, and to be therein coloured , and all other (if any) the lands and hereditaments comprised in the said schedule, To HOLD unto the said E. L. and L. P. in fee simple (a), To the uses, upon the trusts, and subject to the powers and provisions by the said will and codicils of the said K. G. D. declared and now subsisting concerning the hereditaments in England and Wales devised by the said will and the third codicil thereto as aforesaid. AND THIS INDENTURE ALSO WITNESSETH that in further pursuance of the said agreement and in consideration of . the sum of £ upon the execution of these presents at the request of the said A. H. paid to the said C.5%., the receipt of which sum of £ the said C. 8. hereby acknowledges, The said C. 8. AS MORTGAGEE, at the request of the said A. H., hereby conveys and releases, and the said A. H. AS BENEFICIAL OWNER hereby conveys and confirms Unto the said HE. L. and L. P. All the said premises comprised in and demised by the said indenture of the lst day of June, 1651, a parti- cular whereof is intended to be contained in the second schedule hereto, To HOLD unto the said E. L. and L. P. for the residue of the said term of one thousand years granted by that indenture, and discharged from all principal money and interest secured to the said C. 8. as aforesaid, Upon the trusts and subject to the powers and provisions by the said will and eodicils of the said E. G. D. declared or directed to be declared, and now subsisting, concerning leasehold hereditaments purchased with money arising by the sale of any of the hereditaments in England and Wales by the said will and third codicil devised as aforesaid. (a) As to the use of “fee simple” in these Precedents, and the omission of the word “assigns,” sce p. 255, n., ante. PRECEDENTS. 263 [ Add, tf required, an Acknowledgment by A. H. of right to production of documents in the Third Schedule, and to delivery of copies thereof, and Undertaking for safe custody, Form No. 3, ante. | In witness &c. THe First SCHEDULE ABOVE REFERRED TO. | Description of freeholds. | THE SECOND SCHEDULE ABOVE REFERRED TO. | Descreption of leaseholds. | [Add if required for documents, Toe THIRD SCHEDULE ABOVE REFERRED TO. | This Precedent implies covenant F by the mortgagee, and covenants A and B by the vendor, C. A. s. 7 (1), and see note to Precedents XIa. and XIII. See a further PRECEDENT of PurcuasE DEgEpD, No. XXXIL, post. PURCHASE DEEDs. No. XIV. MORIGAGES. No. XV. FREEHOLDS. Parties, First testatum. Covenant for payment, Second testatum. Conveyance of freeholds, Habendum, 264 PRECEDENTS. SECT. IL MORTGAGES AND FURTHER CHARGES. For a Precepent of a MortaaGe 1n Fes, without special provisions, see C. A., Schedule 4, Form I. For a PRECEDENT of a MorRTGAGE IN FEE to secure a consolidated debt, see Preced. XX VI. post. MortGaGE IN Fes, with provisions for reduction of rate of interest; continuance of loan; restricting mortgagor’s power of leasing; and authorizing con- solidation. THis INDENTURE made the &c., between A. of &c., [mortgagor | of the one part, and B. of &c., and C. of &c., [mortgagees | of the other part: WITNESSETH that in consideration of £5000 paid to A. by B. and C. out of money belonging to them on a joint account, of which sum A. hereby acknowledges the receipt, A. hereby covenants | here insert covenant to pay principal and interest, Forms No. 4 and 4b]: AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid A. AS BENEFICIAL OWNER hereby conveys unto B. and C. All that &e. situated &c. and particularised in the schedule hereto. To HOLD unto and to the use of B. and C.in fee simple Subject to the proviso for redemption following— | Proviso for redemption, Form No. 6; Covenant for insurance against fire, if required, Form No. 9; Provision for reduction of interest, Form No. 10 or 11; For continuing the loan, Form No. 12 ; Authorizing consolidation of mortgages, Form No. 13 ; And for restricting mortgagor’s power of leasing without the consent of mortgagee, Form No. 15. | In witness fe. PRECEDENTS. 265 THE SCHEDULE ABOVE REFERRED TO. MORTGAGES. [ Description. | No. XV. General words and the all estates clause are not required: see C. A., ss. 6, 63; nor are powers to sell, to appoint a receiver, to lease and to give receipts; see C. A. ss, 18-22, 24, and summary of mortgagee’s powers, pp. 54, 55, ante. Covenant (C.) of C. A.s. 7 is implied. MortTGAGE OF LEASEHOLDS. NOAA Le LEASEHOLDS, Tus INDENTURE made the day of 18 Parties. between T. G. of &c. [mortgagor] of the one part Ail J.P. D. of &e. and W. W. of &e. [mortgagees| of the other part: Whereas by an indenture of lease dated &c. and Recital of made between M. of the one part and X. Y. of the other '*** part, All that piece of ground situate &c. with the mes- suage and other buildings thereon known as &c. were demised unto the said X. Y. for the term of ninety-nine years from the day of &c. at the yearly rent after the first two years of the said term of £ , payable half-yearly on the days therein mentioned and subject to the covenants and conditions therein contained and on the lessee’s part to be performed and observed : And whereas after divers mesne assignments and acts Assicnments. in the law, ultimately under an indenture dated &c., and made between &c., the said premises became and are now vested in the said T. G. for the residue of the term granted by the said lease: And whereas the said J. P D.and W. W. have agreed Agreement for to advance, out of money belonging to them on a joint ant hip account, to the said T. G. the sum of £ upon having the repayment thereof with interest as hereinafter mentioned secured in manner hereinafter appearing : Now THIS INDENTURE WITNESSETH that in pursuance First of the said agreement and in consideration of the sum of (3tu". £ paid to the said T. G. by the said J. P. D. and pay. W. W. (the receipt of which sum of £ the said MorTGAGES. No. XVI. Second testatum. Demise. Parcels. Habendum. Third testatum. Appointment of mortgagees as attorneys to assign original term. No XVII. CoPpyYHOLDs, Parties. First testatum., Covenant to , pay. 266 PRECEDENTS. T. G. hereby acknowledges) the said T’. G. hereby cove- nants [here insert covenant to pay principal and interest, Forms No. 4 and 4b. | AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid the said T. G. AS BENEFICIAL OWNER hereby demises unto the said J. P. D. and W. W. All the premises comprised in and demised by the recited lease ; To HOLD to the said J. P. D. and W. W. for the residue of the term granted by the said lease, except the last three days thereof, but Subject to the proviso for redemp- tion hereinafter contained. | Declaration of trust of the principal term, Form No. 5;]| AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid the said T. G. hereby irrevocably nominates [Continue power of attorney, Form No. 5a; Proviso for redemption, Form No. 6; Covenant to insure, Form No. 9. | In witness &ce. See Special Condition 27, p. 197, ante, applicable to a sale under a mortgage framed after this precedent. Covenants (C) and (D) of C. A. s. 7, are implied. General words are supplied by s. 6. Powers to sell and to give receipts are not required, see C. A. ss. 19- 22,and summary of mortgagee’s powers, pp. 54, 5d, ante, and see last Preced. for any special provisions required. MortGaGE OF COPYHOLDS. THis INDENTURE made &c., between A. of &c. [mort- gagor| of the one part, and B. of &e. and C. of &e. [| mortgagees | ot the other part WITNESSETH that in consideration of £ paid to A. by B. and C. out of moneys belonging to them on a joint account, the receipt whereof A. hereby acknow- ledges, A. hereby covenants |here insert covenant to pay principal and interest, Forms No. 4 and 4b}. PRECEDENTS. 267 AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid A. as BENEFICIAL OWNER hereby covenants with B. and C. that A. and all other necessary parties will forthwith, at the cost of A., surrender into the hands of the lord or lady of the manor of in the county of according to the custom of the said manor All that &e. situated &c. to which hereditaments the said A. was admitted tenant at a court held of the said manor on the &e. To THE USE of B. and C. and their heirs according to the custom of the said manor at and under the accus- tomed rents, suits, and services, Subject nevertheless [continue Form No. 7, for making void the surrender, followed by the charge and declaration of trust by A. until surrender |. In witness &c. THE SCHEDULE ABOVE REFERRED TO. | Description. | See note to mortgage of freeholds, Precedent XV., ante, and see that Precedent for any special provisions required. The word “ heirs” is still necessary in a surrender of copyholds, see third note to C. A. s, 51. MortGaGe OF FREEHOLDS, LEASEHOLDS, AND Copy- HOLDS. Tuis INDENTURE made the &e., between A. of &e. [mortgagor | of the one part, and B. of &c. and C. of &e. | mortgagees| of the other part. Wuereas A. is seised in fee simple of the freehold “hereditaments hereinafter conveyed, and is seised foi an estate of inheritance according to the custom of the manor of in the county of of the copyhold hereditaments hereinafter covenanted to be surrendered, and as to all the said premises free from incumbrances : And whereas by an indenture of lease dated &c. and made between X. of the one part and the said A. of the MORTGAGES. om. @'8 FE Second testatum., Covenant to surrender copyholds. No. XVIII. FREEHOLDS, LEASEHOLDS, AND COPY- HOLDS. Recitals. Seisin of free- holds and copyholds. Lease. MORTGAGES, No. X VILLI. Agreement for loan. First testatum. Covenant for payment. Second testatum. Conveyance of freeholds. Second testatum. Demise of leasehold. Third testatum. Power of attorney for assigning principal term. Proviso for redemption. Fourth testatum. Covenant to surrender copyholds. Schedule of leases. 268 other part All that piece of land situated &c. and the | messuages thereon were demised to the said A. for the term of years from the day of &c. at the rent and subject to the covenants and conditions therein contained and on the lessee’s part to be performed and observed (a). And whereas B. and C. have agreed to advance to A. the sum of £ out of money belonging to them on a joint account upon having the repayment thereof with interest as hereinafter mentioned secured in manner hereinafter appearing. Now tuts INDENTURE WITNESSETH that in pursuance of the said agreement and in [continue as in the first witness- ing part of Precedent XV., (Mortgage of Freeholds). | AND THIS INDENTURE ALSO WITNESSETH that | continue as in the second witnessing part of the same precedent down to B. and C. in fee simple] subject to the proviso for redemption hereinafter contained. AND THIS INDENTURE ALSO WITNESSETH that [continue and adapt the second witnessing part of Precedent XVI, (Mortgage of Leaseholds), with the mortgagor's declaration of trust of the principal term. | AND THIS INDENTURE ALSO WITNESSETH that [continue and adapt Power of Attorney as in the last mentioned Precedent, if required. | [Proviso for redemption, Form No. 6, saying conveyed and demised respectively, instead of conveyed, And re- conveyed and surrendered respectively ¢nstead of recon- veyed. | AND THIS INDENTURE ALSO WITNESSETH that [continue as in second witnessing part of Mortgage. of Copyholds, Precedent XVII, with proviso for redemption of copyholds, PRECEDENTS. (a) Where there are numerous leases a short recital of the mort- gagor’s title may be made by reference to a schedule, the first column of which should contain short descriptions of the property ; the second column the dates and parties to the leases ; the third and fourth columns the terms created and the rents reserved, and the fifth column the last assignments to the mortgagor. PRECEDENTS. 269 followed by the charge and declaration of trust by A. until surrender, Form No. 7; covenant to insure, Form No. 9.| In witness &e. . | Add schedules of pareels. | See notes to Mortgages of Freeholds and Leaseholds, Precedents XV. and XVI., and see Precedent XV. for any special provisions required. MortcaGeE OF A LiFe INTEREST AND POLICIES. Tuis INDENTURE made the day of between W. Hz. of &c. | mortgagor], of the one part, and A. of &c., B. of &e., C. of &c., and D. of &c., the estate trustees of the Z. Life Assurance Society, a memorial of whose names has been duly inrolled in the Central Office of the Supreme Court of Judicature pursuant to the Z. Assur- ance Society’s Act, 18 (a), and which four persons are hereinafter called the estate trustees, and which four persons or other the estate trustees or trustee for the time being of the said society are hereinafter called the estate trustees or trustee | mortgagees|, of the other part: Whereas under the will dated &c., and proved in the Principal Probate Registry on &c., of the late W. H., the father of the said W. H., party hereto, who died on &c., and of which will G. and J. are the present surviving trustees, and under an indenture dated &c., and made between &ec., being a conveyance to the uses of the said will, the messuages, lands, and hereditaments, forming the C. estate in the county of G., hereinafter mentioned and demised, stand limited subject to the incumbrances mentioned in the second schedule hereto, to the use of the said W. H., party hereto (hereinafter _ called simply W. H.), during his life without impeach- ment of waste, with remainders over : And whereas under an indenture of settlement dated &c., and made between &c., the said W. H. is now entitled (a) See Guardian Assurance Company’s Act, 1850, Legal and General Act, 1878, &c. MorT GAGES No. XVIII. —— oe No. XTX. LIFE INTEREST AND POLICIES. Parties. Recital that mortgagor is tenant for life of. the C. estate. And of the investments of settled money. MORTGAGES, NOa Ae And entitled to policies on his life, 270 PRECEDENTS. to receive during his life the annual income of the investments now held on the trusts of the said settlement, or of the varied investments for the time being repre- senting the investments so now held, which investments so now held are standing in the joint names of M. and N. as the present trustees of the said settlement, and are described in the third schedule hereto: And whereas the said W. H. is entitled to the two policies of assurance effected in his own name and on his own life hereinafter mentioned and assigned (b) : (b) If the policies are numerous this recital may run thus— And whereas the said W. H. is entitled to the [sé«] several policies of assurance effected in his own name and on his own life, the particulars whereof are contained. in the 4th schedule hereto. In the witnessing part assigning the policies the description will be— All those [st#| policies of assurance on the life of the said W. H. mentioned in the 4th schedule hereto, and all money to become payable thereunder. The form of the schedule will be— FourtH SCHEDULE ABOVE REFERRED TO. 1 2 3 4 5 6 Sum fs A Number F Offi hich 3 A d A I = Date of Policy. sie Poll < eetusie Rrantaie’ y- | of Bonus. | £ . £) Sa Os 1 10th May, 1870 Z. Society 1001 4000 80 0 0 2 Ist June, 1871 | Y.Company; 10,400 | 5000 | 104 2 6 &e. &e. &e. Xe. &e. &e. If it is necessary in the body of the draft to refer to any particular policy as being subject to a charge or otherwise, it may be referred to as— The policy N° 1 in the first column of the fourth schedule hereto. PRECEDENTS. Ze And whereas the estate trustees have agreed to advance to the said W. H. the sum of £ upon having the payment thereof with interest as hereinafter mentioned secured as hereinafter appearing : Now ruis INDENTURE WITNESSETH that in pursuance of the said agreement, and in consideration of the sum of £ paid to the said W. H. by the estate trustees out of money belonging to them as such trustees (the receipt of which sum of £ the said W. H. hereby acknowledges), the said W. H. hereby covenants with the estate trustees that he will on the day of next pay to the estate trustees or trustee [adapt Forms No. 4 and 4b, for payment to “the estate trustees or trustee” of principal and interest]. _ AND THIS INDENTURE ALSO WITNESSETH that in further pursuance of the said agreement and for the considera- tion aforesaid, the said W. H. AS BENEFICIAL OWNER hereby grants, and demises unto the estate trustees All that mansion-house called C., with the lands thereto belonging, and all the manors, messuages, lands, tithes, rents, and hereditaments, in the parishes of N. and B. in the county of G., containing together acres or thereabouts, the particulars whereof are contained in the Ist schedule hereto, And all other (if any) the lands and hereditaments now subject to the. limitations of the will of the said W..H., deceased ; - To HOLD unto the estate trustees for the term of ninety- nine years from the date of these presents if the said W. H. should so long live without impeachment of waste, Subject to the several incumbrances mentioned in the 2nd schedule hereto, and Subject also to the proviso for redemption hereinafter contained. _ AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid the said W. H. As BENEFICIAL OWNER hereby assigns unto the estate trustees First All the annual income to arise during the life of the said W. H. from the investments mentioned in the 3rd schedule hereto, or from the varied investments for the time being representing the same, and all other (if any) MORTGAGES. No. XIX. Agreement for loan. First testatum. Covenant for payment. Second testatum. Demises of life estate. Habendum. Third testatum. Assignment of life interest in investments, MORTGAGES. No. XIX. , and of policies. Habendum. Right of assignee to sue on policy of life assurance, 272 PRECEDENTS. the annual income to which he is now or may become entitled under the said settlement ; Secondly, All those two policies of assurance on the life of the said W. H., the first for the sum of £ effected with the Z. Life Assurance Society dated &c., numbered &c., and at the annual premium of £ ? and the second for the sum of £ effected with the X. Life Office dated &c., numbered &e., and at the annual premium of £ , and the said sums of £ and £ assured by and all other money to become pay- able under the said policies, and the full benefit of the said policies, TO HAVE AND RECEIVE the same unto the estate trus- tees subject to the proviso for redemption hereinafter contained, [Proviso for redemption on payment “to the estate trus- tees or trustee” of principal and interest, Form No. 6 ; Covenant to keep up life policies, Form No. 8 ; Provision for reduction of interest, Form No. 10; Agreement that money shall remain for a time certain, Form No. 12.] In witness Xe. Tue First SCHEDULE ABOVE REFERRED TO. | Description of hereditaments of which mortgagor is tenant for life. | THE SECOND SCHEDULE ABOVE REFERRED TO. [ Incumbrances: see Preced. XXVI., 2nd schedule, post. | THe THirD SCHEDULE ABOVE REFERRED TO. [ Investments to which mortgagor ws entitled for life. | Trust for application of policy money and other money and power to give receipts are not required, see C. A. s. 22, nor power of sale, see C. A. ss. 19-21. Notice of this mortgage should be given to the assurance offices, and to the settlement trustees. The Policies of Assurance Act, 1867 (80 & 31 Vict. c. 144), gives to the assignee of a policy of life assurance right to sue upon it in his own name (s. 1), provided that a written notice of the date and purport of PRECEDENTS. oe the assignment shall have been given to the company liable under the policy at their principal place of business (s. 2). By the Judicature Act of 1873 (36 & 37 Vict. c. 66), s. 25 (6), an absolute assignment by writing (not purporting to be by way of charge only) of any debt or other legal chose in action of which express notice in writing shall have been given to the debtor, trustee, or other person, from whom the assignor would have been entitled to receive or claim such debt or chose in action, is deemed effectual at law (subject to all equities which would have been entitled to priority over the right of the assignee if that Act had not passed), to pass and transfer the legal rizht to such debt or chose in action from the date of such notice, and all legal and other remedies for the same, and the power to give a good discharge for the same, without the concurrence of the assignor. The last mentioned section does not apply to an assignment, by way of sub-mortgage, of a mortgage debt and securities: National Pro- vincial B. of HE. v. Harle, 6 Q. B. D. 626, The C, A. s. 27 enables the statutory transferee of the debt and interest secured by a statutory mortgage to sue and give receipts for them, although they are not expressly assigned. For a PRECEDENT of a FURTHER CHARGE by SUPPLE- MENTAL DEED on FREEHOLDS, see C. A. 4th Schedule, Form II. .Furtuer CHARGE by SupPLEMENTAL DEED on Life Inte- rest and Policy comprised in last Precedent XIX., and ASSIGNMENT of FURTHER POLICY as security. Tris INDENTURE made the day of between W. H. of &c. [mortgagor] of the one part, and A. of &c., B. of &e., C. of &e., and D. of &c., the estate trustees Xc., [the same description as in the last precedent | [mortgagees | of the other part : Whereas these presents are supplemental to an inden- ture of mortgage for securing £ and interest dated &c., and made between the same parties as these presents, and hereinafter called the principal indenture: And whereas the said sum of £ secured by the principal indenture with the current half-year’s interest thereon is still due: And whereas the said W. H. has effected the further T MORTGAGES. No. XIX. As to debts and choses in action gener- ally. Sub-mortgage, Mortgage debt on statutory transfer. INCE FURTHER CHARGE. Parties. Recitals. That deed is supplemental. That debt and interest due. Another insur- anee, MORTGAGES. No. XX. Agreement for further advance, First testatum. Covenant for payment. And further charge. Second testatum. Assignment of new policy. Habendum. 274 PRECEDENTS. policy of assurance on his life hereinafter mentioned and assigned : And whereas the estate trustees have agreed to ad- vance out of money belonging to them as such trustees to the said W. H. the further sum of £ upon having the repayment thereof with interest as herein- after mentioned secured, and also upon having the said sum of £ and the interest thereon due under the principal indenture further secured, as hereinafter ap- pearing : Now tuts INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of the sum of fy to the said W. H. paid by the estate trustees out of money belonging to them as such trustees, the receipt of which sum of £ the said W. H. hereby acknowledges, the said W. H. hereby covenants with the. estate trustees [covenant to pay the further sum on neat half-yearly day and interest half-yearly, as in last Pre- cedent|. AND FURTHER that the hereditaments, annual income, policies, and moneys, demised and assigned re- spectively by the principal indenture shall stand charged with and shall not be redeemed except upon payment of the said sum of £ and the interest thereon herein- before covenanted to be paid, as well as the said sum of | £ and the interest thereon secured by the principal indenture. AnD THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid the said W. H. AS BENEFICIAL OWNER hereby assigns unto the estate trustees All that policy for the sum of £ effected in the name and on the life of the said W. H. with the W. Life Assurance Company dated &c., numbered , and at the annual premium of £ , and the said sum of £ and all other money to become payable there- under, and the full benefit thereof : | To HAVE AND RECEIVE the same unto the estate trustees Subject to the like right of redemption by the said W. H. as immediately after the execution of these presents and under the principal indenture, and these PRECEDENTS. 275 presents will be subsisting with respect to the said here- ditaments, annual income, policies, and moneys demised and assigned respectively by the principal indenture. AnD the said W. H. hereby covenants with the estate trustees that all the covenants and provisions con- tained in the principal indenture shall apply and have effect with respect to the policy hereby assigned, and also for securing the payment of the principal money and interest hereby covenanted to be paid in the same manner as if the whole principal money secured by the principal indenture and these presents, making together the sum of £ and the interest thereon, had been originally secured by the principal indenture, and as if the said policy hereby assigned had been thereby assigned for securing the payment of the said aggregate sum of £ and the interest thereon, and as if the said ageregate sum and all the said policies had been actually mentioned and included in the covenants and provisions contained in the principal indenture. AND IT IS HEREBY AGREED that the provision for reduc- tion of the rate of interest from £ per cent. to £ per cent. contained in the principal indenture, and also the provision contained therein restricting the right of calling in or paying off the principal money shall apply to and include the principal money and interest hereby secured in like manner as if the said aggregate principal sum of £ had been originally secured by the prin- cipal indenture, and the covenants and provisions of that indenture had applied to the policy hereby assigned in the manner in which the same are so applied by the covenant of the said W. H. hereinbefore contained. In witness &e. T 2 MORTGAGES. No. XX. Covenants in principal deed to apply. Provisions for reduction of interest and term of loan to apply. TRANSFERS OF MORTGAGES. No. X XI. Parties. Recitals of the death of mortgagees, and that D. executor of survivor. That principal and current interest due. Agreement for transfer. First testatum. Assignment of debts. 276 PRECEDENTS. SECT. III. TRANSFERS OF MORTGAGES. TRANSFER BY SUPPLEMENTAL DEED or MorRTGAGE IN FEE AND FuRTHER CHARGE, adapted to C. A. sch. 4, Forms I. and II., mortgagor not concurring. Tis INDENTURE made the day of between D. of &e. [transferor| of the one part, and K. of &e. [transferee| of the other part, and supplemental to an indenture of mortgage dated &c., and made between A. of the one part and B. and C. of the other part, for securing to the said B. and C. the sum of £ and interest at per cent. per annum on hereditaments situated at &c., and supplemental also to an indenture of further charge dated &c., and made between the same parties and in the same order for securing to the said B. and C. the further sum of £ and interest at the rate aforesaid on the same hereditaments : Whereas the said B. died on &c. 1882, and the said C. died on &c. 1883, having by his will dated &c., appoimted the said D. his executor, who proved the said will in the Principal Probate Registry on &e. : And whereas the said principal sums of £ and & are due to the said D. on the hereinbefore men- tioned securities with interest thereon from the day of last : And whereas the said H. has agreed to pay to the said D. the said sums of £ and £ , and also the sum of £ for the interest thereon from the said day of last, making together the total sum of £ upon having such transfer as is hereinafter expressed of the said principal sums of £ and Es and interest, and the securities for the same: Now THIS INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of the said sum of £ [the total swm| upon the execution of these presents paid to the said D. by the said E., the PRECEDENTS. Zi receipt whereof the said D. hereby acknowledges, the said D. AS THE PERSONAL REPRESENTATIVE of the said C. deceased hereby assigns unto the said EH. All those the said principal sums of £ and £ owing on the aforesaid securities, and all interest due and to become due thereon respectively, and the full benefit of and right to exercise and enforce all powers and securities for compelling payment of the said sums and interest, TO HAVE AND RECEIVE the same unto the said E. abso- lutely. AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid the said D. AS SUCH PERSONAL REPRESENTATIVE AS AFORESAID hereby conveys (a) unto the said E. All the hereditaments comprised in and conveyed by the said indenture of mortgage and now vested in the said D. subject to redemption thereunder and under the said indenture of further charge, ‘fo HOLD unto and to the use of the said E. in fee simple Subject to such right of redemption as is now subsisting therein under the said indentures of mortgage and further charge. In witness &e. TRANSFER by SUPPLEMENTAL DEED of a MorTGAGE IN Fre by the executor of the survivor of deceased mortgagees, mortgagor concurring and receiving a further advance. Tuts INDENTURE, made the &c., Between X. of &c. [transferor], of the first part, A. of &c. [mortgagor], of the second part, and M. of &c. [transferee], of the third part, and supplemental to an indenture of mortgage, herein- after called the principal indenture, dated &c., and made between the said A. of the one part and B. and C. of the (a) The mortgaged land is vested in the executor of the last surviving mortgagee under C. A. s. 30. TRANSFERS OF MORTGAGES. No. X XI. ny Habendum. Second testatum. Conveyance of hereditaments. No. XXII. en Parties. TRANSFER OF MORTGAGES. No. XXII. Recitals. Death of the mortgagees. Debt still owing. Agreement for transfer and further advance. First testatum. Assignment of original debt. Second testatum. Covenant. to pay principal and interest. 278 PRECEDENTS. other part, for securing to the said B. and C. £5000 and interest | Precedent XV., ante]. Whereas the said B. He on &c. 1882, and the said C. died on &c. 1885, having by his will dated &c., appointed the said X. sole executor thereof, who proved the same on the &c., in the Principal Probate Registry : And whereas the said sum of £5000 is still due to the said X. as such executor as aforesaid, but all interest thereon has been paid up to the date of these presents as he hereby acknowledges : And whereas M. has agreed at the request of A. to pay to X. the sum of £5000, and to advance to A. the further suin of £1000 upon having the payment of the aggregate sum of £6000 with interest secured in manner hereinafter appearing : Now THIS INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of the sum of £5000 paid by M. to X. as such executor as aforesaid by the direction of A. (the receipt whereof X. hereby acknowledges), X. AS THE PERSONAL REPRESENTATIVE of the said C. deceased, and by the direction of A.,; hereby assigns (a) unto M. the sum of £5000 secured by » the principal indenture, and all interest henceforth to become due thereon, and the benefit of all securities for the same, T’o hold to M. absolutely : AND THIS INDENTURE ALSO WITNESSETH that in con- sideration of £5U00 paid by the said M. in manner afore- said, and of the further sum of £1000 paid to A. by M. (the receipt of which sum of £1000 and the payment to X. in manner aforesaid of which sum of £5000 A. hereby acknowledges), A, hereby covenants with M. [covenant to | pay £6000 and interest at 5 per cent., Forms No. 4 and 4b.| Third testatum. Conveyance. AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid X, AS SUCH PERSONAL REPRESEN- (a) The original debt is assigned in order to retain its priority. The mortgagee is bound to assign the debt and transfer the estate by the direction of the mortgagor, C. A. s. 15, but subject to the right of an jaucumbrancer requiring assignment and transfer; C, A, 1882, s. 12. PRECEDENTS. 279 TATIVE as aforesaid, by the direction of A. hereby conveys and releases (b), And A. as BENEFICIAL OWNER hereby conveys and confirms unto M. All the hereditaments comprised in and conveyed by the principal indenture, and now vested in X. subject to redemption thereunder, To HOLD unto and to the use of M. in fee simple, Subject to the proviso for redemption following, [proviso for redemption, Form No. 6 ; Provision for reduction of interest on the aggregate sum, Form No. 10 or 11; For continuing loan, Form No. 12; Authorizing consolidation, Form No. 13; For restricting mortgagor's power of leasing, Form No. 15.] In witness &e. TRANSFER OF A MORTGAGE (LONG TERM). Tuis INDENTURE (c) made the day of 188 between W. HE. 8. of &c. [transferor] of the first part, S. E. F. [mortgagor] of the second part, and G. P. C. [transferee] of the third part : (b) See note (a) to last Precedent. (c) This and the next three Precedents are part of the same trans- action, and are given as an illustration of how the several charges on an incumbered estate may be consolidated in one mortgagee, a further advance being made. It is most convenient to take a separate transfer from each incum- brancer. There is then only a short deed for each to approve instead of one long deed going round to all for approval. In the transfers in this and the next Precedent it will be observed that full recitals of the intermediate transfers are not given. It is sufficient that the original mortgage is recited, and the dates, parties and result of the transfers given. ‘The transferor only transfers what he has under them. Soin the principal mortgage (Precedent XXVL., post) it is unnecessary to do more than give a list of the incumbrances in the schedule A glance at the schedule shews at once the state of the title. If all the incumbrances and their transfers are recited according to the old fashion it takes time to read and ascertain what they are. In reading some old long deed with a mass of accurate and neatly drawn recitals TRANSFERS OF . MORTGAGES. Nogeex it, ——— No. XXIII. Parties. Convenience of putting incumbrances in schedule. TRANSFERS OF MORTGAGES. 0. X XI. Recital of mortgage, 280 PRECEDENTS. Whereas by an indenture dated the 8th day of April, 1873, and made between &c., after recitals whereby it appeared that under an indenture dated &c. 1825, a term of one thousand years, without impeachment of waste, in the hereditaments in the county of 8S. thereby settled was vested in the said R. and B. upon trusts for raising the sum of £8000 for R. A. S. deceased, and that the said sum was then payable to her children, parties of the first part to the indenture now in recital, and that the said 8. E. F. was entitled to the inheritance of the hereditaments comprised in the said term, and had paid the sum of £2000 in part discharge of the said sum of £8000, leaving a balance of £6000 unpaid in respect thereof, It was witnessed that in consideration of £6000 paid by the said W. E. 8. to the parties of the first part to the indenture now in recital in equal shares, they assigned the said sum of £6000 remaining charged on the said settled hereditaments and the interest to become due for the same unto the said W. E. 8.: And it was also witnessed that the said R. and B. assigned all the hereditaments comprised in the said indenture dated ’ &e. 1825 unto the said W. E.S. for the residue of the Sum due. Title to equity of redemption. said term of one thousand years by way of mortgage for securing payment to him of the said sum of £6000 and interest thereon at the rate of 4 per cent. per annum ; And whereas the said sum of £6000 now remains owing to the said W. E. S. on the aforesaid security, but all interest thereon has been paid as he hereby acknow- ledges: And whereas the said 8. E. F. is now absolutely en- as to the incumbrances on a property like that dealt with by this and the three following Precedents, one is inclined to wonder that the learned conveyancer should have expended so much time and skill in constructing a labyrinth for the apparent purpose only of making other practitioners expend more time and skill in finding their way into it. The schedule to the principal mortgage in the text (Precedent XXVL., post) is much easier to draw and to understand when drawn than, the old-fashioned recitals. PRECEDENTS. 281 titled in possession to or has a general power of appoint- ment over the fee simple in possession of the premises comprised in the hereinbefore recited indenture, subject to the security thereby made and to several other incum- brances, And at his request the said G. P. C. has agreed to pay to the said W. E. 8. the sum of £6000 upon having such transfer as is hereinafter contained of the said mortgage debt of £6000 and the interest to become due thereon and the securities for the same : Now THis INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of the sum of £6000 paid to the said W. E. 8. by the said G. P. C. at TRANSFERS OF MORTGAGES. 0. XXITT. Agreement for transfer, First testatum. Assignment of debt. the request of the said 8. EH. F. (the receipt of which . sum of £6000 the said W. E. 8. hereby acknowledges) the said W. E. S. AS MORTGAGEE hereby assigns unto the said G. P. C. All that the principal sum of £6000 now owing on the security aforesaid, and the interest to become due for the same, and the full benefit of and the right to exercise and enforce all powers and securities for compelling payment of the said sum and interest, TO HAVE AND RECEIVE the same unto the said G. P.C. absolutely. AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid the said W. KE. S. AS MORTGAGEE, at the request (d) of the said. HE. F., hereby conveys and the said S. E. F. confirms unto the said G. P. C. All the hereditaments comprised in and assigned by the recited indenture and now vested in the said W. E.S. subject to redemption thereunder, To HOLD to the said G. P. C. for the rath’ fe of the said term of one thousand years, Subject to the right of redemption subsisting therein under the recited in- denture on payment of the said sum of £6000 and the interest thereon. In witness &e. (d) It is not requisite in this transfer to imply any covenant on the partof 8. E. Ff. His covenant is contained in the principal mortgage, Preced. XXVI., post. Habendum. Second testatum. Assignment of term by the direction of beneficial owner. Parcels, Habendum. TRANSFERS OF MORTGAGES, No. 0.4 iF Parties. Recital of mortgage. Intermediate transfers. Sum due. Title to equity of redemption. 282 PRECEDENTS. c TRANSFER OF A MORTGAGE (LONG TERM). THis INDENTURE made the day of 188 , between T. F. of &c., and J. B. of &c. [transferors| of the first part, 8. E. F. of &e. [mortgagor] of the second part, and G. P. C. of &e. [transferee| of the third part : Whereas by an indenture dated the 5th day of April, 1825, and made between &c., after recitals whereby it appeared that under an indenture of settlement dated &e., the said R. S. had power to make the appointment and charge thereinafter contained on the hereditaments thereby settled, It was witnessed that in consideration of £10,000 paid by the said W. M. for the purpose in the indenture now in recital mentioned, the said R. S. charged all the hereditaments comprised in the said settlement with the payment to the said W. M. of the sum of £10,000 and interest thereon at 4 per cent. per annum, And by the indenture now in recital the said R. 8. appointed all the hereditaments comprised in the said settlement to the said W. M. for the term of five hundred years, without impeachment of waste, by way of mortgage for securing payment of the said sum of £10,000 and the interest thereon : And whereas under six indentures, the first dated the 5th day of April, 1826, and made &c., the second dated &e. [here follow dates and parties to sia successive deeds of transfer |, being successive transfers of mortgage, the said mortgage debt of £10,000 secured by the said indenture of the 5th day of April, 1825, and the said term of five hundred years forming the security for the same, became vested in the said T. F'. and J. B.: And whereas the said sum of £10,000 now remains owing as to £5000 part thereof to the said T. F., and as to £5000 residue thereof to the said J. B. on the security of the aforesaid indentures of mortgage and transfer of mortgage, but all interest thereon has been paid, as they hereby acknowledge: And whereas the said 8. E. F. is now absolutely entitled in possession to or has a general power of PRECEDENTS. 283 appointment over the fee simple and inheritance of the hereditaments comprised in the said term of five hundred years, subject to the security for the said sum of £10,000 and the interest thereon, and several other incumbrances. | Here follow agreement for transfer and transfer of the debt and term in the same form as in the last Precedent. | In witness &e. TRANSFER OF MorTGAGE IN FER. THis INDENTURE made the day of 188 between W. F. of &c. and B. H. of &c. [transferors| of the first part, 8. E. F. of &c. [mortgagor | of the second part, and G. P. C. of &ec. [transferee| of the third part. Whereas by an indenture dated the 12th day of No- vember, 1868, and made between the said S. E. F. of the one part, and R. S. T. and the said W. F. of the other part, in consideration of the sum of £9000 paid to the said S. E. F. by the said R. 8. T. and W. F., the manor of C. in the county of 8. and divers other lands and heredita- ments in the same county, known as the C. Estates, were by the said 8. E. F. appointed and assured to the use of the said R. 8. T. and W. F. in fee simple, subject to the several incumbrances in the indenture now in recital mentioned and by way of mortgage for securing payment to them of the sum of £9000 and interest thereon on the day therein mentioned and since passed, and it was by the indenture now in recital declared that the said sum of £9000 belonged to the said R. 8. T. and W. F. on a joint account : And whereas the said R. 8. 'T. died in the year 1877: And whereas by an indenture dated the 5rd day of May, 1878 (indorsed on the last recited indenture) and made between the said W. F. of the first part, the said B. H. of the second part, and the said W. F. and B. H. of the third part, after reciting that the said W. F. and B. H. were then jointly entitled in equity to the said sum of £9000 secured by the recited indenture, and the interest due and to become due thereon, It was witnessed TRANSFERS OF MORTGAGES. XXIV. No. XXYV. Parties. Recital of mortgage. Transfer. 284 PRECEDENTS. Transrers or that in consideration of the premises the said W. F. an assigned the said principal sum of £9000 and the in- XXy, _ terest due and to become due thereon unto the said W. F’. a and B. H. absolutely, And the said W. F. granted all the hereditaments comprised in the recited indenture and then remaining vested in him unto the said Bb. H. in fee simple to the use of the said W. F. and B. H. in fee simple, subject to the right of redemption then subsist- ing therein on payment of the said sum of £9000 and the interest thereon : Sum due. And whereas the said sum of £9000 now remains owing to the said W. I’. and B. H. on the security afore- said, but all interest for the same has been paid as Agreement for they hereby acknowledge, And the said G. P. C. has ete agreed at the request of the said 8. H. IF’. to pay to the said W. F. and B. H. the sum of £9000 upon having such transfer made as hereinafter contained of the said mortgage debt of £9000 and interest to become due thereon and the securities for the same: First testatum. NOW THIS INDENTURE WITNESSETH that in pursuance Assignment of of the said agreement and in consideration of the sum of £9000 paid to the said W. F. and B. H. by the said G. P. C. at the request of the said 8. E. F. (the receipt of which sum of £9000 the said W. F. and B. H. hereby acknowledge) the said W. F. and B. H. As MORTGAGEES hereby assign unto the said G. P. C. All that the principal sum of £9000 now owing on the security of the hereinbefore recited indentures and the interest henceforth to become due for the same, and the full benefit of and the right to exercise and enforce all powers and securities for compelling payment of the said sum and interest, | Habendum. TO HAVE AND RECEIVE the same unto the said G. P. C. absolutely. Second AND THIS INDENTURE ALSO WITNESSETH that for the ae ae consideration aforesaid the said W. F. and B. H. as morr- Conveyance of the land. GAGEES and at the request (a) of the said 8. E. F. hereby (a) See note (d), Preced. XXIIL, ante. PRECEDENTS. 285 convey and the said 8. E. F. hereby confirms unto the said G. P. C. All the said hereditaments and premises comprised in and conveyed by the recited indentures of &. 1868 and &ec. 1878 and which are now vested in the said W. F. and B. H. subject to redemption under the same indentures, ‘To HOLD unto and to the use of the said G. P. C. in fee simple Subject to the right of redemption subsisting therein on payment of the said sum of £9000 and the interest thereon. In witness Kc. MortGaGE IN Fez to secure consolidated debt, including incumbrances transferred and further advance. Tris INDENTURE (a) made the day of 188 be- tween 8. HE. F. of &c. [mortgagor] of the one part, and G. P. C. of &e. [mortgagee| of the other part. Whereas under an indenture dated &c. made between the said 8. E. I’. of the one part and W. 8. of the other part and duly enrolled as a disentailing assurance, the manor, lands, and hereditaments hereinafter mentioned and in- tended to be hereby appointed and conveyed now stand limited subject to the several incumbrances mentioned in the second schedule hereto To such uses, upon such trusts, and subject to such powers and provisions as the said S. E. F. shall by deed, will, or codicil appoint, and in default of appointment To the use of the said S. E. F. during his life without impeachment of waste with re- mainders over: And whereas all the incumbrances representing a prin- cipal sum of £65,000 with the securities for the same mentioned in the first part of the said second schedule hereto, have been transferred to and are now vested in the said G. P. C. by the several indentures dated in this present year mentioned in the first part of the same (a) 'This is the principal mortgage referred to in notes (c) and (d) to Preced. XXIII., ante. TRANSFERS OF MORTGAGES. No. P.O.A'E Parcels. Habendum. No. XX VI. Parties. Recital of title of mortgagor subject to incumbrances in second schedule. Incumbrances in first part of second schedule transferred to mortgagee for £65,000. MORTGAGES. 0. XXVI. £65,000 advanced at request of mortgagor. Agreement for further advance of £5000 and for consolidation. First testatum. Covenant to pay principal and interest. Second testatum. Appointment and convey- ance. Parcels. 286 PRECEDENTS. schedule, and the incumbrances mentioned in the second part of the same schedule still remain outstanding in the persons in the said second part mentioned : And whereas the sum of £65,000 was advanced by the said G. P. C. and applied in obtaining transfers to him of the incumbrances mentioned in the first part of the said second schedule hereto at the request of the said 8. E. F.: And whereas all interest on the said sum of £65,000 has been paid to the date hereof, and the said G. P. C. has agreed to advance to the said 8. E. F. the further sum of £5000, making, with the said sum of £65,000, the total sum of £70,000 advanced by the said G. P. C. to or on account of the said 8. E. F. upon having the repayment of the said sum of £70,000 with interest thereon at the rate hereinafter mentioned secured in manner hereinafter appearing : Now tuis INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of the sum of £65,000 so paid as aforesaid by the said G. P. C. for obtaining transfers of the last mentioned incumbrances, and also of the sum of £5000 at or before the execution of these presents paid to the said 8. H. F. by the said G. P. C., the payment and receipt in manner aforesaid of which sums of £65,000 and £5000, making together the sum of £70,000 paid by the said G. P. C. to or on ac- count and by the direction of the said 8. E. F., the said S. E. F. hereby acknowledges, The said 8. EH. F, hereby covenants with the said G. P. C, [covenant to pay principal sum of £70,000 and interest, Forms No. 4 and 4b]. AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid and in exercise of the power contained in the recited indenture of &ec., and of every other power enabling him, the said 8. E. F. as BEenn- FICIAL OWNER hereby appoints, and by virtue of his estate also conveys and confirms unto the said G. P. C. Attu THAT the manor of C., in the county of &., and all other the messuages, lands, and hereditaments forming what is known as the C. estate in the same county, which estate is intended to be more particularly PRECEDENTS. 287 described in the first schedule hereto, and is intended to be delineated in the plan hereto annexed and to be thereon coloured , And all other, if any, the lands and hereditaments comprised in the said first schedule hereto, or coloured on the said plan To HOLD unto and to the use of the said G. P. C. in fee simple, Subject to the several incumbrances mentioned in the first part of the second schedule hereto now vested in the said G. P. C. as aforesaid, and also to the incum- brances mentioned in the second part of the same schedule, and also Subject to certain drainage rentcharges, not exceeding together in the whole the annual sum of £ granted to the Lands Improvement Company, for terms expiring not later than the year 18 , and gradually decreasing in each year And also Subject to the proviso for redemption hereinafter contained, that is to say [add proviso for redemption, Form No. 6 ; and covenant to insure buildings against fire, Form No. 9.] In witness, &c. The First SCHEDULE before referred to. [contains a particular of the property. | The SECOND SCHEDULE before referred to. First Part. List of Mortgages on the C. Hstate, which have all been transferred to G. P. C. Name of Original Mortgagees. Principal —_— sum secured. Datesof | Whether on Term Transfers. or Fee. Date of Original Mortgage. 1 6,000 | 8th April,1873/; W. H.S. 188 . |Term of 1000 years created by settlement of &c. 1825. 2 10,000 | 5th April,1825; W.M. |dth April) Term of 500 1826. eee created &e. y mortgage &e. deed. 5 188 . 3 9,000 {12th November,] R.S. T. | 3rd May, | Fee. 1868. and W. F.| 1878. 188 . [Here follow six several other incumbrances making up £65,000.] Total £65,000. MORTGAGES. No. XX VI. Subject to incumbrances in first and second parts of the second schedule. And to drainage charges. And to redemption. Schedules. MORTGAGES. 0. AXYV I. No. XX VII. VARYING LEASING POWERS. Building leases for 999 years. Streets, gardens, squares, &c., may be authorised. Mining leases. No. XXVIII. APPLYING LEASING POWERS. 288 PRECEDENTS. SECOND PART. Incumbrances not transferred to G. P. C. 10 | £14,000 bear- | 18th August, | F. H.W. | .. | Term of 5000 ing interest 1873. years. at 4 per cent. 11 | Annuity of 22nd July, |Payableto| .. | Usual powers £700. 1844. A. F. of distress. See note to Precedent of mortgage of freeholds, No. XV., ante. AGREEMENT under C. A., s. 18, subs. 14, IN A MORTGAGE VARYING Power or LEASING (a). AND IT IS HEREBY AGREED that the powers of leasing conferred on mortgagor and mortgagee by the Con- veyancing and Law of Property Act, 1881, shall be varied and extended in the following particulars :— 1. A building lease, or building leases, may be granted for any term not exceeding nine hundred and ninety-nine years. 2. Livery building lease may authorise any part of the premises to be laid out for streets, roads, paths, squares, gardens, and other open spaces, sewers, drains, and watercourses, either to be dedicated to the public or not, with fences, pavings, connexions and other works incidental thereto respectively. 3. A lease or leases may be granted for mining pur- poses, as follows, (that is to say,) AGREEMENT under C. A., s. 18, subs. 16, APPLYING LEASING POWERS of the Act to mortgages pre- viously made. THis INDENTURE, made the day of bt between [mortgagor] of &e., of the one part, and the several persons whose hands and seals are hereunto (a) For an agreement excluding mortgagor’s powers of leasing except with the mortgagee’s consent, see General Form, No. 15, ante. PRECEDENTS. 289 affixed in the third column of the schedule hereto, being Morteaces. incumbrancers on the estates of the said [mortgagor], _ +\° situated at , in the county of , under the XXVIII. several indentures the dates whereof and the parties whereto are specified in the first and second columns of the same schedule of the other part : : WITNESSETH that it is hereby agreed between the parties hereto as follows, that is to say :— 1. The several persons parties hereto shall, in reference to the hereditaments comprised in the indentures mentioned in the schedule hereto have all the same powers of leasing as if the said several indentures had been dated and executed after the commence- ment of the Conveyancing and Law of Property Act, 1881, but so that such powers shall be varied in the following particulars : 2. [Here add variation clauses as in last precedent, or otherwise as required. | In witness &e. THE SCHEDULE before referred to [to contain tne dates of and parties to meumbrances in the first and second columns respectively, and the signature and seals of incwm- brancers in the third column. | MORTGAGES. O. XXIX. RE-CONVEY- ANCE, Parties. Recitals. Deaths of the mortgagees and intestacy of survivor. Letters of administration. No surrender of copyholds, Testatum. 290 PRECEDENTS. SECT. IV. RE-CONVEYANCE BY SUPPLEMENTAL DEED OF FREE- Hops, LEASEHOLDS, and CopyHoups by the adminis- trator of the survivor of deceased mortgagees. THis INpDENTURE made the &c., between X. of &e. [administrator of last surviving mortgagee] of the one part, and A. of &c. [mortgagor] of the other part, sup- plemental to an indenture of mortgage hereinafter called the principal indenture, dated the &c., and made be- tween the said A. of the one part and B. and C. of the other part for securing the payment by the said A. to the said B. and C. of £ and interest : Whereas the said B. died on &c., 1882, and the said C. died on &e., 1883, intestate, and letters of adminis- tration to his personal estate were granted to the said X. by the Principal Probate Registry on &e. And whereas no surrender has been made of the copy- hold hereditaments comprised in the principal inden- ture pursuant to the covenant for that purpose therein. contained : Now Tu1s INDENTURE WITNESSETH that in considera- tion of all money secured by the principal indenture having been paid by A. to X., the receipt whereof X. hereby acknowledges, X. AS THE PERSONAL REPRESENTA- TIvE of the said C. deceased hereby conveys, surrenders, and releases unto A. All the freehold and leasehold lands and_heredita- ments comprised in or which now are by any means vested in X. subject to redemption under the principal indenture, To nop the said freehold premises unto and to the use of A. in fee simple, Anp As TO the said leasehold premises to the intent that the residue of the term therein granted by the principal indenture may merge and be extinguished, And that the trust declared by the principal indenture PRECEDENTS. 291 may cease, AND AS TO all the premises discharged from all money secured by and from all claims under the principal indenture. AND for the consideration aforesaid, X., AS SUCH PER- SONAL REPRESENTATIVE as aforesaid, hereby releases unto A. all the said copyhold hereditaments covenanted to be surrendered by the principal indenture to the intent that the same may be discharged from the said covenant and the trust thereof created by the principal indenture and from all money secured by and from all claims under the principal indenture. In witness &e. The mortgage estates devolve on the personal representative of the last surviving mortgagee, as to the freeholds and the equitable interest in the copyholds under C, A., s. 30, and as to the leaseholds under the Common Law. MORTGAGES, No. VOD: Devolution of mortgage estates. SETTLEMENTS. No. XXX. CONVEYANCE UPON TRUST FOR SALE. Parties. First testatum. Conveyance of freeholds. Habendum. Second testatum, Covenant to surrender copy holds. 292 PRECEDENTS. BOT, LV. SETTLEMENTS. CONVEYANCE OF F'REEHOLDS AND COVENANT TO SUR- RENDER CopyHOLps By HusBAND, upon trust for sale, in contemplation of his marriage. Tuts INDENTURE made &c., between A. B. of &c., [husband] of the first. part, C. D. of &c., spinster [wéfe], of the second part, and W. of &e., X. of &c., M. of &e., and N. of &c. (which four last named persons are hereinafter called the trustees), of the third part WITNESSETH that in pursuance of an agreement made on the treaty for the marriage which has been agreed upon and is intended to be solemnised between A. B. and C. D., and in consideration thereof, A. B. AS SETTLOR, with the approbation of C. D., hereby conveys unto the trustees All that &c. To HOLD unto the trustees in fee simple To the use of A. B. in fee simple until the said intended marriage shall be solemnized, And after the solemniza- tion thereof To the use of the trustees their heirs and assigns (a), Upon the trusts hereinafter declared : AND THIS INDENTURE ALSO WITNESSETH that in further pursuance of the said agreement and for the consideration aforesaid, A. B. AS SETTLOR, with the approbation of C. D., hereby covenants with the trustees That he and all other necessary parties will forthwith after the solemnization of the said intended marriage, at the cost of the trust estate surrender into the hands of the lord or lady of the manor of &c. according to the custom thereof, All that &c. (to which hereditaments the said A. B. (a) The words “heirs and assigns” are used here to enable the executors or administrators of the last surviving trustee to execute the trusts and powers under ©. A., s. 30, see p. 215 (0). PRECEDENTS. 2938 was admitted tenant at a Court held of the said manor on the &c.) . , To THE USE of the trustees their heirs and assigns (a) at the accustomed rents, suits, and services : AND IT IS HEREBY AGREED that the trustees their heirs and assigns shall after the solemnization of the said intended marriage stand seised of the freehold and copy- hold hereditaments hereby conveyed and covenanted to be surrendered Upon trust to sell the same or any part or parts thereof respectively, but during the joint lives [continue as in Form No. 16; Power of leasing for twenty-one years, Form No. 38 ; Power for husband and wife and the survivor to appoint new trustees, Form No. 46. | In witness &e. The provisions of the C. A. incorporated in this precedent are general words and the all estate clause (ss. 6, 63), powers of sale (ss. 35, 38), power to adopt statutory conditions (ss. 3, 66) (see also V. & P. A. ss. 2, 3), to give receipts (C. A. s. 36), and to appoint new trustees (s. 31), and covenant, s. 7 (1) E. by the intended husband as settlor. ANTE-NUPTIAL SETTLEMENT by HUSBAND of the PRO- CEEDS of SALE of hereditaments settled on trust for sale by the last precedent, and by wire of INVEST- MENTS transferred; Upon trusts for husband and wife successively for life, his interest in wife’s trust fund determining on alienation; trusts for issue of marriage as husband and wife or the survivor appoint; in default, for children of the marriage ; agreement to settle other property of wife and other provisions. Tus INDENTURE made &c. [same date and parties, and in the same order as last preced. | Whereas a marriage has been agreed upon, and is (a) See note (a), last page. SETTLEMENTS. No. XXX. Habendum. Trusts of freeholds and copyholds. Statutory provisions incorporated. XXXa. Parties. Recitals. 294 PRECEDENTS. Surrtements. intended to be solemnized between the said A. B. and No, XXXA, Agreement for marriage. Conveyance and covenant to surrender of even date. Transfer by wife of invest- ments. Agreement for settlement. First testatum. Declaration of trusts of investments until marriage for wife. Cape And whereas by an indenture bearing even date with, but executed before these presents and made between the same parties and in the same order as these presents, the said A. Bb. conveyed the freehold hereditaments therein mentioned to the use of the trustees, their heirs and assigns, after the solemnization of the said intended marriage Upon the trusts thereinafter declared ; And by the indenture now in recital the said A. B. covenanted with the trustees That he and all other necessary parties would forthwith, after the solemnization of the said marriage, surrender into the hands of the lord or lady of the manor of &c. according to the custom thereof, the copyhold hereditaments therein mentioned To the use of the trustees their heirs and assigns at the accustomed rents, suits, and services: And it was thereby agreed that the trustees should after the solemnization of the said marriage stand seised of the freehold and copyhold hereditaments thereby conveyed and covenanted to be surrendered Upon trust to sell the same as therein men- tioned, and to stand possessed of the net money to arise from any such sale (after payment thereout of all costs incidental thereto) and also of the rents and profits of the said premises until sale, Upon the trusts and subject to the powers and provisions declared concerning the same by an indenture therein referred to meaning these presents. And whereas with a view to the settlement intended to be hereby made the said C. D. with the approbation of the said A. B. has transferred into the joint names of the trustees the investments mentioned in the schedule hereto, representing the sum of £ sterling : And whereas upon the treaty for the said intended marriage it was agreed that such settlement should be executed as hereinafter contained. Now THis INDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of the said intended marriage the said C. D., with the privity of the PRECEDENTS. 295 said A. B., hereby directs and the trustees hereby declare and do agree with the other parties hereto that the trustees will stand possessed of the investments men- tioned in the schedule hereto, and so transferred into their joint names as aforesaid, Upon trust for the said C. D. until the said intended marriage, And after the solemnization thereof Upon the trusts and subject to the powers and provisions hereinafter declared concerning the same. AND IT IS HEREBY AGREED that the trustees shall after the solemnization of the said intended marriage stand possessed of the investments mentioned in the schedule hereto, And also of the net money to arise from any sale made pursuant to the recited indenture of even date herewith as and when the same shall be received, Upon trust that the trustees, or trustee for the time being of these presents, hereinafter called the trustees or trustee, SHALL either permit the investments mentioned in the schedule hereto to remain on the investments in which the same now are, Or SHALL with the consent of the said A. B. and C. D. during their joint lives, or of the survivor of them during his or her life, and after the death of both at the discretion of the trustees or trustee, sell, call in, or convert into money all or any of the said investments, AND SHALL with the like consent or at the like discretion invest the money arising thereby, and also the net money to arise from any sale made pursuant to the recited indenture as and when the same shall be received, in the names or name of the trustees or trustee in manner following, and not otherwise (a), that is to say :— In [investment clause, Form No. 18, ante]: AND IT IS HEREBY AGREED that the trustees or trustee shall stand possessed of the investments mentioned in (a) The object of these words is to prevent trustees from lending on mortgage in Ireland under 4 & 5 Will. 4, c. 29, and from taking investments which certain local Acts of Parliament authorise trustees to take as investments. Powers of this latter kind in local Acts are not uncommon. SETTLEMENTS. No XXXa. Trusts as to all property after marriage. To invest and vary invest- ments. Trusts of investments. Prohibition against mortgages in Ireland or investments under local Acts. SETTLEMENTS. uF O. XXXA,. Income of hus- band’s trust fund to him for life, then to wife for life. Income of wife’s trust fund for hus- band until death or alien- ation. And then for wife for life. 296 PRECEDENTS. the schedule hereto, and of the varied investments for the time being representing the same, all of which are hereinafter referred to as the wife’s trust fund, And shall also stand possessed of the net money to arise from any sale made pursuant to the recited indenture, and of the investments for the time being representing such net money, which net money and the investments representing the same are hereinafter referred to as the husband’s trust fund, And also of the annual income of the husband’s trust fund and the wife’s trust fund respectively, Upon the trusts and subject to the powers and provisions following, that is to say:— | AS TO THE HUSBAND'S TRUST FUND, Upon trust to pay the annual income thereof to the said A. B. during his life, and after his death to pay the same annual income, to the said C. D. during the residue of her life, if she shall survive him, without power of anticipation during any coverture (0). AND AS TO THE WIFE’S TRUST FUND, Upon trust if on the solemnization of the said intended marriage the said A. B. should not be an undischarged bankrupt, or should not have executed, done, or suffered any act, deed, or thing, or if no event should have happened, whereby the trust hereinafter declared would if subsisting be deter- mined, Then to pay the annual income of the wife’s trust fund to the said A. B. during his life or until [continue the first trust for husband’s inalienable use, Form No. 22 (A)]: And if the same trust should fail or determine in his lifetime, then, Upon trust to pay the annual income of the wife's trust fund to the said C. D., if living, for the residue of her life without power of anticipation during any coverture : And after the failure or determination in the life- time of the said A. B. of the aforesaid trust in his favour, and the death of the said C, D., which shall last happen, (b) No trust for the separate use is required: see M. W. P. A. s. 1; but the restraint against anticipation is still applicable; see s, 19. PRECEDENTS. 297 Then Upon trust during the residue of the life of the said Serriements. A. B. to apply the annual income of the wife’s trust fund yl af for the maintenance [continue trust during the residue of OSS the life of husband, Form No. 22 (B) saying wife’s trust fund throughout |. AND IT IS HEREBY AGREED that after the death of the After death of survivor of the said A. B. and C, D. the capital of the as rE husband’s trust fund, and also of the wife’s trust fund, shall be held In trust &e. | Add trusts for issue as parents or survivor shall appoint, in default for children equally, and hotchpot clause, Form No. 24; without the exception of any son ; Advancement clause, Form No. 26. Ultimate trusts as to husband’s trust fund for him, and as to wifes trust fund for her or her next of kin, so as to exclude the husband, Forms No. 28-30. ") Application of rents of real estate until sale, Form No; 31. Agreement to settle other property of wife, Form No. 30. Power to trustees to value and apportion mixed funds, Form No. 43. Power to husband and wife and survivor to appoint new trustees, Form No. 46. | In witness We. T'nt SCHEDULE ABOVE REFERRED TO. [ Investments transferred by the wefe.] For any further special provisions see next precedent, post, and general forms in settlements, ante. The provisions of the C. A. incorporated in this precedent are powers Whatstatutory for maintenance and education of infants and accumulation of surplus provisions in- income (s. 43); power to give receipts (s. 36); to compound and °”P Pets compromise (s. 87), and to appoint new trustees (s. 31). ANTE-NUPTIAL SETTLEMENT by HusBAND of investments Serrzemenrs. transferred by him, and by Wire of her shares No.XXXI. under a settlement and will expectant on her father’s death; upon trust as to husband’s trust fund for husband and wife successively for life, and SETTLEMENTS. No. XXXI. Parties. Recitals. Agreement for malriage. Transfer by husband of investments. Title of wife to a third share of investments on death of her father. 298 PRECEDENTS. as to wife’s trust fund for wife and husband suc- cessively for life, his interest in wife’s trust fund determining on alienation; trusts for issue of marriage as husband and wife or the survivor shall appoint; in default, for children of the mar- riage ; power to wife to make a settlement on future marriage ; agreement to settle other property of wife ; covenant by the wife’s father to pay an annuity for so much of his life as the wife or any issue of the marriage shall live; powers to invest in the pur- chase of land generally; also in the purchase of a residence, and other provisions. THis INDENTURE, made &c., between A. D. of &e., [husband] of the first part, B. E., spinster [wife], a daughter of John H. of &c., of the second part, the said John E. of the third part, and W. of &., X. of &e., Y. of &c., and Z. of &c. (which four last-named persons are hereinafter called the trustees) of the fourth part. Whereas a marriage has been agreed upon, and is intended to be solemnised between the said A. D. and lod ae And whereas with a view to the settlement intended to be hereby made the said A. D. has caused to be transferred into the joint names of the trustees the in- vestments mentioned in the first schedule hereto, repre- senting the sum of £ sterling : And whereas under an indenture dated &e., and made between &c., being a settlement made before and in con- sideration of the marriage then intended and afterwards solemnised between the said John E. and Mary E. since deceased, and a deed-poll under the hand and seal of the said John E., being a deed of appointment executed under a power contained in the said indenture, the said B. E. as one of the three children of the said John HE. by the said Mary E. is now entitled expectant on the death of her father the said John E., and in the mean- time subject to his life interest under the said inden- ture, and provided the now intended marriage shall be PRECEDENTS. 299 solemnised within six calendar months from the date of the said deed-poll, to one-third share of the investments mentioned in the first part of the second schedule hereto, being the investments now held on the trusts of the said indenture of settlement, or of the investments for the time being representing the said investments so now held, which investments so now held are now standing in the joint names of &c., the present trustees of the said indenture : And whereas under the will dated &c., and proved in the District Probate Registry on &c. of ; late of &e., who died on &c., the said B. E., as one of the three children of the said John H., is entitled expectant on the death of her father the said John E., and in the meantime subject to his life interest, to one-third share of the proceeds of the sale of the lands and hereditaments and of the income until sale of the lands and heredita- ments by the said will devised on trust for sale and now remaining unsold, and of the investments representing the other real estate, and the residuary personal estate of the said testator now held on the trusts of the said will, and the particulars of which lands, hereditaments, and investments are specified in the second part of the second schedule hereto, and are now vested in or standing in the joint names of &c., the trustees and sole acting executors of the said will: And whereas upon the treaty for the said intended marriage it was agreed that such settlement should be eoanen as hereinafter contained. Now ris JNDENTURE WITNESSETH that in pursuance of the said agreement and in consideration of the said intended marriage the said A. D., with the privity of the said B. E., hereby directs nie the trustees hereby declare and do agree with the other parties hereto that the trustees will stand possessed of the investments mentioned in the first schedule hereto, and so trans- ferred into their joint names as aforesaid, Upon trust for the said A. D. until the said intended marriage, and after the solemnisation thereof Upon the trusts and SETTLEMENTS. No. XX XI. Title of wife to a third share in proceeds of land and investments on death of her father. Agreement for settlement. First testatum. Declaration of trusts until marriage for husband. SETTLEMENTS. No.XXXI. Second testatum. Assigument of wife’s property. Habendum. In trust for wife until the marriage. Trusts as to all property after marriage. To invest and vary invest- ments. 300 PRECEDENTS. subject to the powers and provisions hereinafter declared concerning the same. AND THIS INDENTURE ALSO WITNESSETH that in further pursuance of the said agreement and in consideration of the said intended marriage the said B. E. As sETTLoR, with the approbation of the said A. D. hereby assigns (a) unto the trustees First, All that the one third share to which the said B. E. is now or will on the solemnisation of the said in- tended marriage become entitled in expectancy as afore- said of the investments mentioned in the first part of the second schedule hereto: Secondly, All that the one third share to which the said B. E. is now entitled in expectancy as aforesaid in the proceeds of the sale of the lands and hereditaments and of the’ investments respectively mentioned in the second part of the said second schedule hereto : And all other (if any) the share or shares of the said B. E. in the investments or in the lands and here- ditaments or in the proceeds of the sale of the lands and hereditaments mentioned in the said second sche- dule : To HAVE AND RECEIVE the same unto the trustees absolutely, Upon trust for the said B. E. until the said intended marriage, and after the solemnisation thereof Upon the trusts and subject to the powers and provisions hereinafter declared concerning the same: That is to say, Iv IS HEREBY AGREED that the trus- tees shall after the solemnisation of the said intended marriage stand possessed of the investments mentioned in the first schedule hereto, and also of the said shares and premises hereinbefore assigned, as and when the same fall into possession, Upon trust that the trustees, or the survivors or survivor of them, or the executors or administrators of such survivor, or other the trustees or trustee for the time being of these presents, hereinafter (a) As a husband married after 1882 takes no interest in his wife’s property, his-concurrence for the purpose of assigning is valueless. PRECEDENTS. 301 called the trustees or trustee, shall get in and receive or obtain transfer of the said shares and premises hereinbefore assigned, AND SHALL either permit the investments mentioned in the first schedule hereto, and also so much of the said shares and premises hereby assigned as shall not be received in money, to remain on the securities or investments in which the same now are or shall be received; OR SHALL, with the consent of the said A. D. and B. E. during their joint lives, or of the survivor of them during his or her life, and after the death of both at the discretion of the trustees or trustee, sell, call in, or convert into money all or any of the said investments mentioned in the first schedule hereto, And also so much of the said shares and premises hereby assigned as shall not be received in money, AND SHALL with the like consent or at the like discretion invest the money arising thereby, and also any money received in respect of the said shares and premises hereby assigned, in the names or name of the trustees or trustee in manner following, and not other- wise (a), that is to say :— In [tnvestment clause, Form No. 18, ante]: AND IT IS HEREBY AGREED that the trustees or trustee shall stand possessed of the investments mentioned in the first schedule hereto, and of the varied investments for the time being representing the same, all of which are hereinafter referred to as the husband’s trust fund, And shall also stand possessed of the said shares and premises hereby assigned, and of the investments for the time being representing the same, which shares and premises hereby assigned and the investments represent- ing the same are hereinafter referred to as the wife’s trust fund, And also of the annual income of the husband’s trust fund and the wife’s trust fund respectively, Upon the trusts and subject to the powers and _ provisions following, that is to say :— AS TO THE HUSBAND'S TRUST FUND, Upon trust to pay (2) See note (a) to last precedent, SETTLEMENTS. No.XX XI. Trusts of investments. Income of husband’s SETTLEMENTS. No.XXXI. trust fund to him for life, then to wife for life. Income of wife’s trust fund to her for life, then for husband. After death of survivor for issue. Ultimate trusts. Covenant by wife’s father to pay annuity, 302 PRECEDENTS. the annual income thereof to the said A. D. during his life, and after his death to pay the same annual income to the said b. E. during the residue of her life, if she shall survive him, without power of anticipation during any coverture (a): AND AS TO THE WIFE’S TRUST FUND, Upon trust to pay the annual income thereof to the said B. E. during her life, without power of anticipation during any coverture (a), And after her death [Trusts for the inalienable benefit of husband, Form No. 22. | AND IT IS HEREBY AGREED that after the death of the survivor of the said A. D. and B. H. the capital of the husband’s trust fund, and also of the wife’s trust fund, shall be held In Trust &e. | Add trusts for issue as parents or survivor shall appoint, in default for children equally, and hotchpot clause, Form No. 24 ; and also Form No. 25, tf required. Advancement clause, Form No. 26. Ultimate trusts as to husband’s trust fund for him, and as to wifes trust fund in trust for her or her next of kin, so as to exclude the husband, Forms No. 28-80. Power for wife to make a settlement on future marriage, Form No. 383. AND THIS INDENTURE ALSO WITNESSETH that in con- sideration of the said intended marriage the said John E. hereby covenants with the trustees, and also as a separate covenant with the said B. E., That if the said intended marriage shall be solemnised the said John H. will during so much of his life as the said B. E. or any of her issue by the said A. D. shall be living, pay to the trustees or trustee the annual sum of £ , such annual sum to commence from the day of the solemztisa- tion of the said intended marriage, and to be deemed to accrue due from day to day, but to be paid by equal half-yearly payments, the first payment to be made at the expiration of six calendar months from the solemni- sation of the said intended marriage : (uw) See note (4) to last precedent. PRECEDENTS. 303 AND IT IS HEREBY AGREED that the trustees or trustee shall pay and apply the said annual sum of £ to the persons and in the manner to whom and in which the annual income of the wife’s trust fund would be payable or applicable in case the same had fallen into possession. | Agreement to settle other property of wife, Form No. 35. Power to invest in the purchase of land, Form No. 36. Power to invest in the purchase of residence, Form No. 37. Power to lease, Form No. 38 (applicable to Nos. 35, 36, and 37). Power to coneur in partition of hereditaments in the 2nd Schedule, Form No. 39. | PROVIDED ALSO, and it is hereby agreed, that the trus- tees or trustee of these presents may permit the trustees or trustee for the time being of the will of the said to retain any investments mentioned in the second part of the second schedule hereto, and now held on the trusts of that will, although not being investments authorised by the terms of that will, and the trustees and trustee of these presents shall not, unless they or he in their or his absolute discretion think proper, be bound to take any proceedings as to any such investments which are not so authorised, or as to any other investments for the time being held on the trusts of that will, nor be liable in any way for any loss which may occur through invest- ments, proper or otherwise, being retained or made by the trustees or trustee for the time being of that will, or through any act, deed, or omission on the part of such trustees or trustee. [ Add, if required, powers to trustees to deposit money in bank, Form No. 40; to make contributory loans, Form No. 41; to make loans for a term, Form No, 42. Power to trustees to value and apportion mixed funds, Form No. 48. Power to trustees to deposit securities to bearer for safe custody (if any authorised), Form No. 44. Solicitor trustee to be paid his costs, Form No, 45. SETTLEMENTS, No.XX XI. ay Power to permit trustees of recited will to retain in- vestments. SETTLEMENTS. No. XXXI, tee What statu- tory provisions incorporated, PURCHASE CONVEYANCE OF RESIDENCE PURCHASED BY TRUSTEES. Recitals. Mortgage. 304 PRECEDENTS. Power to husband and wife and survivor to appoint new trustees, Form No. 46.| In witness &e. The First SCHEDULE above referred to. Investments transferred by the husband. The SECOND SCHEDULE above referred to. ‘Parvo Investments subject to the settlement dated &e. Part 2. Land and investments subject to the will of &c. Notice of this settlement should be given to the trustees of the recited settlement and will. The provisions of the C. A. incorporated in this precedent are powers for maintenance and education of infants and accumulation of surplus income (s. 43); power of sale (ss. 35, 88); power to adopt statutory conditions (ss. 8, 66), (see also V. & P. A. ss. 2 & 3); to give receipts (C. A. s. 386); to compound and compromise (s. 37), and to appoint new trustees (s. 81); and covenant E. s. 7 (1) by the intended wife as settlor. CONVEYANCE OF A RESIDENCE PURCHASED OUT OF SetTLED Money by the Trustees of the Settlement Preced. XX XI. (a). Tuis InpENTuRE made &c. between H. C. of &e. [mortgagee] of the first part, J. C. of &e. [vendor| of the second part, A. D. of &e., and B. D. his wife of the third part, and W. of &., X. of &c., Y. of &c., and Z. of &e. of the fourth part. Whereas by an indenture of mortgage dated &c., and expressed to be made between the said J. C. of the one part and the said H. C. of the other part, the said J. C. (a) In this precedent the settlement is not recited or made part of the title. It is merely referred to in declaring the trusts of the moneys to arise from the sale of the property under the trust for sale. PRECEDENTS. 305 eranted the messuage and hereditaments hereinafter de- scribed and hereby intended to be conveyed unto and to the use of the said H. C. in fee simple, by way of mort- gage for securing payment to the said H. C. by the said J.C. of the sum of £4000 with interest thereon as therein mentioned : And whereas the parties hereto of the fourth part have at the request of the said A. D., and B. D., testified by their execution of these presents, agreed to purchase from the said J. C. the said hereditaments and the fee simple thereof in possession, free from incumbrances, at the price of £20,000: And whereas the principal sum of £4000 is still due to the said H. C. upon the hereinbefore recited security, but all interest thereon has been paid, as he hereby acknowledges, and he has agreed upon receiving the said sum to join in these presents as hereinafter appearing : And whereas it is desired by the parties hereto of the third and fourth parts that the said hereditaments should be conveyed in manner and upon the trusts hereinafter expressed. Now tuis INDENTURE WITNESSETH that in pursuance of the said agreement, and in consideration of the sum of £20,000 upon the execution of these presents paid by the said W., X., Y., and Z., as to £4000 part thereof to the said H. C., at the request of the said J. C., testified by his execution hereof (the receipt of which sum of £4000 the said H. C. hereby acknowledges), And as to £16,000 residue thereof to the said J. C. (the receipt of which sum of £16,000, and the payment in manner aforesaid of which sum of £4000, making together the said purchase- money of £20,000, the said J. C. hereby acknowledges), the said H. C. AS MORTGAGEE, and according to his estate, by the direction of the said J. C., hereby con- veys and releases, And the said J. C. AS BENEFICIAL OWNER hereby conveys and confirms unto the said W., X., Y. and Z. All that messuage &c. To HOLD unto and to the use of the said W., X.. Y. , and < SETTLEMENTS. O. XX ALI, RESIDENCE PURCHASED BY TRUSTEES. Agreement to purchase from mortgagor. Agreement for concurrence of mortgagee Testatum. Conveyance, Habendum. SETTLEMENTS, 0. XXXIT. Trust for sale. Trusts of proceeds of sale. No. DOO WH INFANT’S SETTLEMENT. 306 PRECEDENTS. Z., their heirs and assigns (a), discharged from all moneys secured by and all claims and demands under the said indenture of mortgage, Upon trust to sell the same or any part thereof with the consent in writing of the said A. D. and B. D., during their joint lives, and of the survivor of them during his or her life, and after the death of both at the discretion of the trustees or trustee for the time being of these presents : AND IT IS HEREBY AGREED that the said trustees or trustee shall stand possessed of the net money to arise from any such sale (after payment thereout of all costs incidental thereto) Upon the trusts and subject to the powers and provisions which under an indenture dated &e., and made between &c., being a settlement made on the marriage then intended and afterwards solemnised between the said A. D. and B. D. [Preced. XX XI. ante], are declared and now subsisting with respect to money forming part of the husband’s trust fund (b) thereby settled, And under which trusts the said A. B. is tenant for life, and after his death the said B. D. becomes tenant for life of the proceeds of sale (c). [Power of leasing for twenty-one years, Form No. 38, saying “the said messuage,” &c., instead of “any mes- suages,” de. ; Power for A. D. and B.D. and the survivor to appoint new trustees, Form No. 46. | In witness &c. ANTE-NUPTIAL SETTLEMENT under the INFANTS’ SETTLE- MENT Act of the wife’s portion raisable under the trusts of a term, and her share of a testator’s (a) See pp. 215 (b), 292 (0b). (5) The purchase is, in this and the precedent appointing a new trustee, No. XXXVII., post, assumed to have been made wholly out of the husband’s trust fund. (c) See note, p. 216, to General Form No. 16, and substitute Prec d. XXXI. for the deed of even date referred to in that note. PRECEDENTS. 307 residuary estate, being administered by the Court; upon trusts for the wife and husband successively for life, and then for the issue of the marriage as husband and wife or the survivor shall appoint; in default for children of the marriage, except an eldest son and any other son who before he attains twenty- one succeeds to a title, unless he shall be the only child: Power to raise money for wife’s outfit, and to pay costs of settlement, and of administration action. Tus INDENTURE made the &c., between the Right Honourable A., Lord B. [husband], of the first part, C. D., of &c. spinster, eldest daughter of the late k. D. deceased, and now an infant of the age of twenty years or thereabouts [wzfe|, of the second part, and Rh. of &c., &e. | four trustees], which four last-named persons are hereinafter called the trustees, of the third part. Whereas a marriage has been agreed upon and is intended to be solemnised between the said Lord B. and C. D., with the consent of &c., her testamentary guardians appointed by the will of her father, the said EK. D: And whereas under the will dated &c., and proved on &e., in the Probate Registry, of the said E. D., who died on &c., and of which will M. and N. are now the sole surviving trustees and executors, the said C. D., as one of the two surviving children of the said E. D. other than the eldest son, will upon her marriage or upon her attaining the age of twenty-one years, which shall first happen, become absolutely entitled to one moiety of a sum of £ raisable under the trusts of a term of five hundred years in the testator’s freehold and copyhold estates situated at &c., by his said will limited to the said M. and N. upon trust for raising that sum for portions for the testator’s children other than a son or daughter entitled as tenant for life to the said estates, And also to one moiety of the net residue remain- ing after paying debts and legacies and certain other sums (including the said sum of £ ) of the money x 2 SETTLEMENTS. O. XXXITI. INFANT’S SETTLEMENT, Parties. Recitals. Agreement for marriage. Of wife’s title under a will to a portion. And to a share in the testator’s residuary estate. SETTLEMENTS. 0. XXXII, INFANT’S SETTLEMENT. Action for the administration of the estate of the testator. Decree, and service thereof on wife. Chief clerk’s certificate. Order under Infants’ Settlement Act. 308 PRECEDENTS. to arise from the sale and conversion of the freehold, copy- hold, and leasehold estates of the said testator situated at &c., and of the testator’s residuary personal estate, and which freehold, copyhold, leasehold, and personal estate were by the testator’s will devised and bequeathed to the said M. and N. and to G., now deceased, upon trust for sale and conversion : And whereas in the year 1880 an action of D. v. M, 1880 D. No. , was instituted in the Chancery Division of the High Court of Justice for the administra- tion of the testator’s real and personal estate, in which action L. D., the eldest son of the said testator and an infant, by &c., his next friend, was plaintiff, and the said M. and N. were defendants: AND WHEREAS a decree was made in the said action on the &c., and the said C. D. has been served with notice of the said decree, and has become bound by the pro- ceedings in the said action : AND WHEREAS the chief clerk has made his certificate in the said action, dated the &c., and filed on &c., in which certificate and the schedules thereto the particulars of the said testator’s real estate and the liabilities affecting the same are set forth, and by which certificate it appears that the whole of the testator’s personal estate has been applied in discharge of liabilities affecting the same: And whereas by an order of the Chancery Division of the High Court of Justice made on an adjournment into chambers on the day of , in the said action of D. vy. M., and in the matter of an Act of the 18th & 19th Vict. c. 43, intituled “An Act to enable Infants, with the Approbation of the Court of Chancery, to make binding Settlements of their Real and Personal Estate on Marriage,” Upon the petition of the said C. D. by &e., her next friend, and of the said [the guardians], the Judge being of opinion that the proposed marriage of the said infant C. D. with the said Lord B. was a fit and proper marriage for the said infant, and that the settlement pro- posed to be effected by an indenture of even date here- with and by this indenture was a proper settlement to be PRECEDENTS. 309 made in contemplation of such marriage, and that the indentures therein referred to, being the said indenture of even date herewith and this indenture, were proper indentures for giving effect to such settlement, the said Judge did, pursuant to the aforesaid Act of Parliament, sanction and approve of such settlement, and did order that the said infant should be at liberty in contemplation of her marriage with the said Lord B. to execute the said indentures accordingly, and that upon the due execution of the said indenture of even date herewith and of this indenture by the said Lord B., and the said C. D., the said Lord B. and C. D. should be at liberty to inter- marry (a). And whereas these presents have been approved by the said Judge, as appears by the signature of the chief clerk in the margin hereof. Now THis [NDENTURE WITNESSETH that in obedience to the aforesaid Order of the Chancery Division of the High Court of Justice, and in consideration of the said intended marriage, the said C. D. (b), with the privity of the said Lord B., hereby assigns unto the trustees : First, All that the moiety to which the said C. D. is now, or will upon the solemnization of the said marriage, become entitled as aforesaid in the said sum of £ : raisable for portions under the trusts of the aforesaid term of five hundred years in the said estates at &c., devised by the will of the said E. D. ; ; Secondly, All that the moiety to which the said C, D. is now or will upon the solemnization of the said mar- riage become entitled as aforesaid of the net residue of the money to arise from the sale and conversion of the (a) 'The liberty to marry is only necessary where the infant, as in this case, is a ward of Court. Where the application is only under the Act for the purpose of making a settlement binding on the infant, the words “and that upon due execution ” &c., may be omitted. (6) The Court can, under the Infants’ Settlement Act, enable the infant to assign, but, it is conceived, cannot enable her to give a mere covenant, therefore she is not made to assign as seTTLOR. As to the husband’s concurrence, see note (a) to Preced, XX XI. p. 300. SETTLEMENTS. (‘O} XXXITI. INFANT’S SETTLEMENT. es Settlement approved by the Judge. First testatum. Assignment by wife of her share in portion and in estate of testator ; Liberty to marry neces- sary only in case of wards, SETTLEMENTS. 0. XXXII. INFANT’S SETTLEMENT. and all arrears of income due so as to be capitalised. Habendum. Upon trust for wife until the marriage. Second testatum, Trusts after marriage. For investment and varying investments. 310 PRECEDENTS. freehold, copyhold, and leasehold estates of the said testator at &c., and of the testator’s residuary personal estate (if any) : And also all arrears of income which on the day of the solemnization of the said marriage shall be due to the said C. D. in respect of the said shares and premises hereby assigned, and so that such arrears of income shall, as from the day of the said marriage, merge in and be added to and considered as part of the capital of the said shares and premises hereby assigned, TO HAVE AND RECEIVE the premises unto the trustees Upon trust for the said C. D. until the said intended marriage, and after the solemnization thereof upon the trusts hereinafter declared concerning the same. AND THIS INDENTURE ALSO WITNESSETH that in obedience to the said order, and in consideration of the said intended marriage, the said C. D. hereby directs (a), and the trustees hereby declare and do agree with the other parties hereto, That the trustees will after the solemnization of the said intended marriage stand pos- sessed of the said shares, arrears of income, and premises hereinbefore assigned to them Upon the trusts following, (that is to say,) Upon trust that the trustees or the survivors or sur- vivor of them, or the executors or administrators of such survivor, or other the trustees or trustee for the time being of these presents, hereinafter called the trustees or trustee, shall either permit the said shares, arrears of income, and premises hereinbefore assigned, or any part thereof, to remain in their present investments or con- dition, or shall as soon as convenient obtain payment or transfer of the moneys or investments representing the premises or any of them, or any part or parts thereof, when and as the same shall respectively become payable or transferable, and as regards investments of which transfer (a) This being a settlement of the wife’s property only, in which under the M. W. P. A. the husband would take no interest, he does not concur in directing. PRECEDENTS. 311 shall be so obtained, shall either retain the same or shall, with the consent of the said Lord B. and C. D. during their joint lives, or of the survivor of them during his or her life, and after the death of the survivor at the discre- tion of the trustees or trustee, sell, call in, or convert into money the same or any of them, and shall with the like consent or at the like discretion invest the money arising thereby, and also any money received in respect of the premises, in the names or name of the trustees or trustee In [Investment Clause, Form No. 18.] AND IT IS HEREBY AGREED that the trustees or trustee shall stand possessed of the premises hereinbefore assigned, or the investments representing the same, here- inafter called the trust fund, and of the annual income thereof, Upon the trusts following, (that is to say,) [Trust for wife for life, and then for husband for life, Form No. 21.| And after the death of the survivor of the said C. D. and Lord B., Iv 18 HEREBY AGREED that the capital of the trust fund shall be held In trust for [éssue of mar- riage, as husband and wife or survivor shall appoint, from Form No. 24, first clause. | And in default of and until and subject to any such appointment, In trust for all or any of the children of the said intended marriage (except an eldest or only son, and except any other son who before attaining the age of twenty-one years shall succeed to the title of Baron B.), who being sons or a son attain the age of twenty-one years, or being daughters or a daughter attain that age or marry under it, and if more than one in equal shares ; and if there should be no child who attains a vested - interest under the aforesaid trust in default of appoint- ment, then In trust absolutely for the first or only son (if any) of the said intended marriage who attains the age of twenty-one years and also succeeds to the title of Baron B. _ | Hotchpot clause from Form No. 24. , Advancement clause, Form No. 26. | AND IT IS HEREBY AGREED that if there shall be no child of the said intended marriage who attains a vested SETTLEMENTS. O. XXXITI. INFANT’S SETTLEMENT. Trusts to pay income to wife for her life, and then to husband for his life. Then for issue of marriage as husband and wite or survivor shall appoint. In default of appointment to all children of marriage, except son, succeeding to title. If he is only child, then for him. Trust in default of children fer wite. SETTLEMENTS. O. XXXII, INFANT’S SETTLEMENT, Direction to raise money for the outfit of wife, and costs, Statement in writing as to amount to be conclusive. Bae PRECEDENTS. interest under the trusts in default of appointment hereinbefore contained, then subject to the trusts and powers herein contained, the trust fund, and the income and statutory accumulations (if any) of the income thereof, or so much thereof respectively as shall not have become vested or been applied under any trust or power herein contained or under any statutory power, shall after the death of the said [husband], and such failure of children as aforesaid, be held In trust [trusts of the wifes trust fund, Form No. 30, but say, the trust fund, instead of the wite’s trust fund }. PROVIDED always, and it is hereby agreed, that the trustees or trustee shall after the solemnization of the said marriage, out of the trust funds coming to their hands under these presents, raise the following sums and apply or pay the same as hereinafter mentioned, (that is to say,) First, the trustees or trustee shall and they or he are hereby required to raise a sum of £ and to pay the same to the aforesaid guardians of the said C. D. or the survivor of them, to be by them or him applied in discharging the cost of the outfit of the said C. D. pre- paratory to her marriage, and all liabilities connected therewith, and the surplus (if any) of the said sum of £& , after answering the purposes aforesaid, shall be paid by the said guardians or guardian to the said C. D., but the receipt of the said guardians or guardian shall be a complete discharge to the trustees or trustee for the said sum of £ : Secondly, the trustees or trustee shall and they or he are hereby required to raise such sum as they or he shall deem proper for the purpose of discharging the costs and expenses of all parties of and incidental to the - preparation, execution, and completion of these presents, and the hereinbefore mentioned indenture of even date herewith, and of and incidental to any proceedings in the said action of D. v. M. with reference thereto or to the said marriage, and the statement in writing of the trustees or trustee as to the amount of all such costs and expenses shall be conclusive that the amount mentioned PRECEDENTS. ola in such statement is the proper amount, and shall be binding on all persons claiming under these presents, And the amount so to be raised as aforesaid shall be applied by the trustees or trustee in discharge of the costs and expenses aforesaid. [Add power for wife to make a settlement on future marriage, Form No. 33 ; Agreement to settle other property of wife, Form No. 35 (a); Power to husband and wife and survivor to appoint new trustees, Form No. 46; and other powers and provisions required, from Preced. XXXI. ante. | In witness &e. (a) The Infants’ Settlement Act (18 & 19 Vict. c. 48) enables a female infant with the sanction of the Court, if she has attained seven- teen years of age, to settle or contract to settle, her own property and property over which she has any power of appointment at the date of the settlement, whether in possession, reversion, remainder, or expect- ancy, except where the power is expressly declared not to be exercisable during infancy, or where the infant being tenant in tail dies under twenty-one. But there is no power in the Act to bind any future property, that is, property to which she is not entitled in reversion, remainder, or expectancy at the date of the contract, but which may devolve on her during the coverture. It is however conceived that the infant would on attaining twenty- one be bound to elect whether her covenant to settle shall bind future property or not, inasmuch as the principle of Willoughby v. Middleton, 2J. & H. 344, and Smith v. Lucas, 18 Ch. D. 581, is extended by the M. W. P. A., s. 2, to the future property of the wife, so that in electing to confirm the covenant she binds her future property, which she is not restrained from anticipating: see Smith v. Lucas, ubi sup., Ariepiee yet 5 <1 If the infant’s agreement to settle other property is not made with the sanction of the Court, she would be bound to elect as to all the property, present and future, included in the agreement. ANTE-NUPTIAL SETTLEMENT OF PoLicy oN HvUsBAND’S Lire. (Wetnessing part.) VARIATION where hus- -band DEMISES his LIFE INTEREST in settled lands to SECURE PAYMENT of the PREMIUMS. [Prior witnessing parts of settlement by husband of the husband’s trust fund, and by wife of the wife’s trust fund, as in Preced. XXXI_; or witnessing part of settlement by SETTLEMENTS. No. XXXIIL INFANT’S SETTLEMENT. Effect of agree- ment by infant to settle other property. Election by infant, No. XXXIV. POLICY ON HUSBAND’S LIFE. SETTLEMENTS. 0. XXXIV. Assignment of policy on husband’s life. 314 PRECEDENTS. wife of the trust fund, her settled fund being the only fund settled and so called, as in Preced. XX XIII. | AND THIS INDENTURE ALSO WITNESSETH that in con- sideration of the said intended marriage the said | husband | AS SETTLOR hereby assigns unto the trustees ALL THAT POLICY of assurance effected in his own name and on his own life for the sum of £ with the Insurance Company, dated the day of , numbered , and at the annual premium of & , and the said sum of £ and all other money to become payable thereunder : To HoLD to the trustees Upon trust that the trustees or trustee (a) shall as soon as may be after the death of the said [husband] get in and receive the money thereby assured, and stand possessed of the net residue thereof after discharging all costs and expenses of re- covering and receiving the same, UPON THE TRUSTS, and subject to the powers and provisions hereinbefore de- clared concerning money forming part of the husband’s trust fund [or if there be no such fund settled, say, the trust fund in favour of the said [wife] and the issue of the said intended marriage, but with this variation (0), That if there should be no child of the said intended marriage who attains a vested interest under the trusts hereinbefore contained in default of any appointment by the said [husband] and [wife], or the survivor of them, then subject to the trusts and powers herein contained, the said policy or the money received thereunder and the investments representing such money and the income and statutory accumulations (if any) of the income thereof, or so much thereof respectively as shall not have become vested or been applied under any trust or power herein- before contained or under any statutory power, shall be held in trust for the said [husband] absolutely | (c). [Add covenant by husband to keep up policy, Form No. 34]. In witness, &e. (a) These words are used on the assumption that the expression “trustees or trustee” has been previously defined as in Preced. XXXI.. p. 300, or Preced. XXXIII. p. 310. PRECEDENTS. OLD Notice of this assignment should be given to the Insurance Com- pany. (b) This variation applies only if there is no husband’s trust fund settled. (c) Where the husband demises his life interest in settled lands to secure the payment of the premiums on the policy, add to the recitals in the earlier part of the deed the following :— And whereas under the will of deceased, dated &c. and proved in the Principal Probate Registry on &e. the said [husband] is entitled in possession for his life without impeachment of waste to the lands and hereditaments hereinafter demised, And it has been — agreed that he should make such demise thereof as hereinafter appearing. And the witnessing part immediately following the above assign- ment should be as follows :— AND THIS INDENTURE ALSO WITNESSETH that in pur- suance of the said agreement in this behalf and in consideration of the said intended marriage the said [husband | AS SETTLOR hereby grants and demises unto the trustees hereinbefore named All &ec. T'’o HOLD unto the trustees for the term of 99 years from the day next before the date of these presents if the said [husband] shall so long live without impeachment of waste, Upon trust for the said [husband] until the solemnization of the said marriage, And after the solemnization thereof Upon trust out of the rents and profits of the said demised premises to raise and pay any money which may become payable by the said [husband] under his covenant here- after contained with reference to the said policy herein- before assigned or any policy or policies to be substituted in lieu thereof, And also to raise and pay any otler money hereinafter authorized to be raised and paid out of such rents and profits for purposes connected with any such policy [¢.e. under Form No. 34, see neat note], And it is hereby agreed that subject to the trusts aforesaid the trustees or trustee shall pay the rents and profits of the said premises hereby demised or so much thereof as shall not from time to time be required to answer the trusts SETTLEMENTS. 0. XXXIV. Recital of hus- band’s life interest. Further testatum, Demise of life interest, SETTLEMENTS. No. XXXITY. No. XXXYV. TRANSFER OF MORTGAGE. Parties. Recitals. Intended marriage. That mortgage debt still due with interest. Agreement for transfer. First testatum. Whentransfers may be by supplemental, or indorsed deed, 316 PRECEDENTS. aforesaid unto or permit the same to be received by the said [husband ]. Where a life interest is demised, as in note (c), the following words should be added to the power of the trustees to keep up or restore the policy or effect a new policy in the second clause of Form No. 34 after the word “ discretion,” raise and pay out of the rents and profits of the heredita- ments hereinbefore demised, or if such rents and profits be insufficient, then | continue as in Form No. 34]. TRANSFER of a Morreace in contemplation of the marriage of the mortgagee. Tus INDENTURE [indorsed (a) on a mortgage dated &e., 1880, to secure to the intended wife, then F. B., £3000 and interest| made the &ec., between the within named F. B. [| wefe| of the first part, D. D. of &e. [husband] of the second part, and Sir F. B. of &., Baronet, Arthur D. of &e., and H. D. B. of &c., which three last named persons are hereinafter called the trustees, of the third part: Whereas a marriage has been agreed on and is intended to be solemnized between the said I’. B. and D. D.: And whereas the within mentioned sum of £3000 with the current half-year’s interest thereon, is owing to the said I. B. on the security of the within written inden- ture : And whereas upon the treaty for the said marriage it was agreed that the said sum of £3000 and the interest thereon, and the securities for the same, should be trans- ferred to the trustees upon the trusts and under and subject to the powers and provisions hereinafter contained or referred to. Now THIS INDENTURE WITNESSETH that in pursuance (a) Transfers of mortgages to trustees, as in the case in the text, or on the appointment of new, or the retirement and discharge of old, trustees, may be made by indorsement where circumstances admit, since no money passes, but if a transfer has to be sent to different places for execution it is safer to effect it by supplemental deed than risk the loss of the mortgage deed. PRECEDENTS, Olt of the said agreement, and in consideration of the said intended marriage, the said I’. B., AS MORTGAGEE, with the approbation of the said D. D., hereby assigns ALL that the principal sum of £3000 so owing to the said I’. B. on the security of the within written indenture, and all interest due and to become due thereon, and the benefit of, and the right to exercise and enforce, all powers and securities for compelling payment of the same : To HOLD unto the trustees In Trust for the said F. B. until the said intended marriage, and after the solemniza- tion thereof UPON THE TRUSTS and under and subject to the powers and provisions declared concerning the same by an indenture intended to bear even date herewith and to be made between &c. [the marriage settlement. | AND THIS INDENTURE ALSO WITNESSETH that in further pursuance of the said agreement, and for the considera- tion aforesaid, the said FE’. B. As MORTGAGEE, with the approbation of the said D. D., hereby conveys unto the trustees Att the messuages, lands, and hereditaments com- prised in and conveyed by the within written indenture, To HOLD unto and to the use of the trustees in fee simple, subject to the right of redemption subsisting under the within written indenture on payment of the said sum of £3000 and the interest thereon : AND IT IS HEREBY DECLARED that the power of appoint- ing new trustees of these presents shall be exercisable by the said D. D. and F. B. during their joint lives, and by the survivor of them during his or her life. In witness, &e. This transfer is an independent trust deed, and contains a separate power to appoint new trustees, so that the settlement is not brought on the title to the estate. The money, being settled upon trusts, is necessarily held by the trustees ona joint account. If the transfer were after the settlement, to secure settlement money, it should be a transfer to the transferees on a joint account, without disclosing the trusts. This being a mere transfer of mortgage no covenant is required except by the wife as mortgagee. SETTLEMENTS. 0. XXXY. Habendum. Second testatum, Habendum, Power to appoint new trustees. NEW TRUSTEES. No. XXXVI. NEW TRUSTEES OF SETTLE- MENT. Parties. Recitals. Of purchase of a residence, What the residue con- sists of, Wife’s trust fund not in possession : 318 PRECEDENTS. SECT, VI. APPOINTMENT, RETIREMENT, AND DISCHARGE OF TRUSTEES. APPOINTMENT by Supplemental Deed of New TrustrEs of the Settlement, Preced. XXXJ. ante, under C. A. s. 31; and DECLARATION VESTING the RIGHT TO RECOVER part of the trust property under C. A. s. 34 (1). Tuts INDENTURE made &c., between A. D. of &e., and B. D. his wife [donees of the power] of the first part, M. of &e., and N. of &c. [the new trustees] of the second part, and Y. of &e., Z. of &c. [the continuing trustees], and the said M. and N. of the third part, and supple- mental to an indenture dated &c., and made between &e. hereinafter called the principal indenture (being a settle- ment made previously to the marriage then intended and since solemnized between the said A. D. and B. D.) [| Preced. XXXI. ante| and of which principal indenture W. and X., and the said Y. and Z are the trustees: Whereas the sum of £ , being money repre- senting part of the husband’s fund settled by the prin- cipal indenture, has been sold and has been invested under a power for that purpose therein contained, in the purchase and in defraying the costs of the purchase of a messuage and hereditaments situated at &c., and which by an indenture dated &c. were conveyed to the trustees of the principal indenture upon trust for sale, and for disposition of the net proceeds of sale in accordance with the terms of that indenture | Preced. XXXIJI.|: And whereas the investments representing the residue of the husband’s trust fund now consist of the invest- ments mentioned in the schedule hereto standing in the joint names of the same trustees: And whereas no part of the wife’s trust fund settled by the principal indenture has yet fallen into possession : PRECEDENTS. 319 And whereas the said W. has been resident out of the United Kingdom for more than twelve calendar months (a): And whereas the said X. is now a person of unsound mind, duly found so by inquisition : And whereas the said A. D. and B. D. are desirous of appointing the said M. and N. to be trustees of the principal indenture in the place of the said W. and X.: And whereas it is intended that as soon as may be after the execution of these presents the investments mentioned in the schedule hereto shall be trans- ferred (b) into the joint names of the said Y., Z., M., and N. as trustees of the principal indenture: And whereas it is also intended that by an indenture bearing even date herewith and made between the same parties and in the same order and supplemental to the said indenture of &c. [the conveyance of the residence, Preced. XXXITI_|, the said M.and N. shall under a power for the purpose contained in the same indenture be ap- pointed trustees thereof in the place of the said W. and X.,and that the said indenture of even date shall contain the proper declaration for vesting in the said Y., Z., M. and N. the messuage and hereditaments comprised in the said indenture to which it is to be supplemental : Now THIS INDENTURE WITNESSETH that the said A. D. and B. D. in exercise of the power for this purpose given to them by the principal indenture and of every other power enabling them, hereby appoint the said M. and N. to be trustees of the principal indentuie in the place of the said W. and X., and jointly with the said Y. and Z. for all the purposes of the principal indenture. | AND THIS INDENTURE ALSO WITNESSETH that the said A. D. and B. D., with the assent of the said Y. and Z., hereby declare that all chattels and also the right to recover and receive all debts and other things in action (a) Evidence of this fact should be obtained and preserved. (b) As to the necessity for these transfers, see C. A. s. 34 (3), NEw TRUSTEES. No. XXXVI. W. resident abroad, X. a lunatic. Intention to appoint new trustees and transfer investments : Intention to appoint new trustees of residence purchased. First testatum, Appointment of new trustee. Second testatum. Declaration vesting right to chattels &c. NEw TRUSTEES. No declaration of trust necessary. Execution by W. or appli- cation in lunacy un- necessary. Assent of continuing trustees not necessary. No. XXX VII. NEw TRUSTEES OF RESIDENCE. Parties. Recitals. W. resident abroad, X. a lunatic. First testatum. 320 | PRECEDENTS. subject to the trusts of the principal indenture, shall forthwith vest in the said Y., Z., M., and N. as trustees of the principal indenture and as joint tenants for the purposes and upon the trusts thereof. In witness, &e. THE SCHEDULE ABOVE REFERRED TO. List of investments representing the husband’s trust fund other than the messuage and lands purchased. It is unnecessary now to add a declaration of trust of the stocks and shares to be transferred. ‘The only object of that trust formerly was to make a debt by breach of trust a specialty debt. Now by statute 32 & 33 Vict. c. 46, specialty debts have no priority. The effect of the declaration as to vesting is to make it unnecessary to send the deed abroad for execution by W., or to apply in the lunacy of X. for a vesting order, but the transfer of copyholds or mortgages or stocks or shares must be obtained as before the C, A., see s. 34 (8). The assent of the continuing trustees to the declaration on the ap- pointment of new trustees is not required by the Act, but it is desirable to shew by the deed that they do assent. APPOINTMENT by Supplemental Deed of New TRusTEEs of the RESIDENCE purchased by Settlement Trustees [ Preced. XXXII. ante|; and DECLARATION VESTING it under C. A. s. 34 (1). Tus INDENTURE made &c., between &c. | the same date and parties as last Precedent|, and supplemental to an indenture hereinafter called the principal indenture, dated &c. and made &c., whereby a messuage and hereditaments situated at &c. were conveyed to the said W., X., Y., and Z. as trustees upon trust for sale [ Precedent XXXII. ] Whereas the said W. has been resident out of the United Kingdom for more than twelve calendar months: And whereas the said X. is now a person of unsound mind, duly found so by inquisition And whereas the said A. D. and B. D. are desirous of appointing the said M. and N. to be trustees of the principal indenture in place of the said W. and X. Now THIS INDENTURE WITNESSETH that the said A. D. PRECEDENTS. ook and B. D., in exercise of the power for this purpose given to them by the principal indenture and of every other power enabling them, hereby appoint the said M. and N. to be trustees of the principal indenture in the place of the said W. and X. and jointly with the said Y. and Z. for all the purposes of the principal indenture. AND THIS INDENTURE ALSO WITNESSETH that the said A. D. and B. D., with the assent of the said Y. and Z., hereby declare that all the estate and interest of the said W., X., Y., and Z. and each of them, in the messuage and hereditaments now subject to the trusts of the prin- cipal indenture shall forthwith vest in the said Y., Z., M., and N.as trustees of the principal indenture and as joint tenants for the purposes and upon the trusts thereof. In witness &c. The effect of this declaration is to make it unnecessary to send abroad the conveyance for execution by W., or to apply in the lunacy of X. for a vesting order. If the property is within any registry district the deed must be regis- tered there: C. A. s. 34 (4). As to the assent of the continuing trustees, see n. to last precedent. APPOINTMENT OF A New TRUSTEE of the MortTGaGcr Dest settled by Precedent XXXY., and TRANSFER of the Mortcaas, the trusts being disclosed. Tus INDENTURE made &c. between D. D. of &c. and F. D. his wife [donees of power | of the first part, H. D. B. of &e. [retiring trustee| of the second part, X. of &e. [new trustee] of the third part, and Sir F. B. of &e, Bart. A. D. of &c. [continuing trustees], and the said X. of the fourth part: Whereas this indenture is supplemental to an inden- ture of transfer of mortgage hereinafter called the principal indenture dated &c., and made between the said F. D., then F. B., of the first part Wc. | the settlement of the mortgage debt of £3000, Preced. XXXV.|, for secur- y NEW TRUSTEES. O. XXXVII. Appointment of new trustees. Second testatum. Declaration as to vesting. Execution by X. or appli- cation in lunacy un- necessary. Registration. No. XXX VIII. NEw TRUSTEE oF A Mort- GAGE DEBT AND TRANSFER OF MORTGAGE. Parties. Recitals that the deed is supple- mental to transfer of mortgage. NEW TRUSTEES. 0. XXXVITI That principal sum and interest still due. Desire of trustee to be discharged. First testatum., Appointment of new trustee. Second testatum. Assignment of mortgage debt. Habendum. Third testatum. Conveyance. Habendum. 322 PRECEDENTS. ing the payment to the parties thereto of the third part the principal sum of £3000 and interest, and indorsed on an indenture of mortgage dated &c. 1880, and made between &c. : And whereas the said sum of £3000 secured by the principal indenture, with the current interest thereon, is still due to the said Sir F. B., A. D. and H. D. B. upon the security of the principal indenture : And whereas the said H. D. B. is desirous of being discharged from the trusts of the principal indenture, and the said D. D. and F. D. are desirous of appointing the said X. in his place as trustee thereof: Now THIS INDENTURE WITNESSETH [appointment by D. D. and F. D. of X. in the place of H. B. D., adapting the last Precedent |: AND THIS INDENTURE ALSO WITNESSETH that the said Sir F. B. A. D. and H. D. B. as trustexs hereby assign unto Sir I’. B., A. D. and X (a) All that the principal sum of £3000 now owing on the security of the principal indenture, and all interest due and to become due thereon, and the full benefit of and the right to exercise and enforce all powers and | securities for compelling payment of the said sum and interest ; TO HAVE AND RECEIVE the same unto the said Sir F. B, A. D., and X. Upon the trusts by the principal indenture declared or referred to concerning the same ; AND THIS INDENTURE ALSO WITNESSETH that the said Sir F. B, A. D., and H. D. B., as TRustTEEs, hereby convey unto the said Sir F. B., A. D., and X. (6) All the hereditaments comprised in-and conveyed by the said indenture of mortgage of &c. 1880, and the principal indenture : To HOLD unto and to the use of the said Sir F. B., A. D., and X. in fee simple Subject to the right of redemption subsisting therein on payment of the said sum of £3000, and the interest thereon. In witness We. PRECEDENTS. awe The transfers of mortgages in this and the next precedent are necessary because a vesting declaration under C. A. s. 34 does not apply to mortgages: see subs. 3. (a) This assignment is made under 22 & 23 Vict. c. 35, s. 21. (b) This conveyance is made under C, A. s. 50. In reference to this and the last note, see the second note to that section, ante. TRANSFER OF A MorTGAGE on the appointment of a new trustee, the trust not being disclosed. THis INDENTURE made &c., between H. B. of &e., M. D. of &c., and D. B. of &e., hereinafter called the mortgagees, of the one part, and R. P. of &c., A.S. of &e., and X. of &c., hereinafter called the transferees, of the other part, supplemental to an indenture of mortgage, hereinafter called the principal indenture, dated &ec., and made &c. for securing to the mortgagees the sum of £5000 and interest on property situated at &e. Whereas the said sum of £5000 is still due on the security of the principal indenture with the current half- year’s interest thereon, which sum and the interest now belong to the transferees on a joint account. Now THIS INDENTURE WITNESSETH that in considera- tion of the premises the mortgagees, AS MORTGAGEES, hereby assign unto the transferees All that the sum of £5000 now owing on the principal indenture, and all interest due and to become due thereon, and the full benefit of and the right to exercise and enforce all powers and securities for compelling payment of the said sum and interest ; TO HAVE AND RECEIVE the same unto the transferees absolutely on a joint account. AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid the mortgagees, AS MORTGAGEES, hereby convey unto the transferees : All the hereditaments comprised in and conveyed. by the principal indenture, Yu NEW TRUSTEES. 0. XXX VITI No. XXXIX. TRANSFER OF MORTGAGE. Parties. Recital that money still due on the mortgage and belongs to the trans- ferees. First testatum. Assignment of debt. Habendum. Second testatum. Conveyance, NEW TRUSTEES. No. XXXIX. No. V.O:O.4 DOS SEPARATE TRUSTEES. Parties. Recitals. Will. 324 PRECEDENTS. To HOLD unto and to the use of the transferees in fee simple, Subject to the right of redemption subsisting therein on payment of the said sum of £5000 and the interest thereon. In witness &e. See first note at the end of last Precedent. APPOINTMENT of SEPARATE TRUSTEES under a will under C. A., 1882, s..5. Tus INDENTURE made &c. between M. of &e. [sur- viving trustee] of the first part, L. of &c. [new trustee] of the second part and X. of &e. and Y. of &c. [new and separate trustees] of the third part : Whereas T. T. late of &., by his will dated &c., appointed the said M. and N. since deceased executors and trustees thereof, and bequeathed the residue of his personal estate to the said M. and N. Upon trust to sell the said real estate (including chattels real), and call in, sell, and convert into money such part of his personal estate as should not consist of money; And out of the money to arise thereby and out of his ready money to pay his funeral and testamentary expenses and debts and legacies and to invest the residue of the said money as therein mentioned, With power to vary securities and to pay the annual income thereof to his wife 8S. T. (since deceased) during her life, And after her death the capital of one moiety was directed to be held Upon trust to pay the annual income thereof to his daughter Jane D. the wife of &c. during her life without power of anticipation during any coverture, And after her death Upon trusts for the benefit of the issue of the said Jane D., And the capital of the other moiety was directed to be held Upon trust to pay the annual income thereof to his daughter Mary E. the wife of &c. during her life, without power of anticipation during any coverture, And after her death Upon trusts for the benefit of the issue of the said Mary E.: PRECEDENTS. O28 And whereas the said testator died on &e. without having revoked or altered his said will, which was on &e. proved by the said executors in the Principal Probate Registry : And whereas the said M. and N. have sold all the real estate of the said testator, and have converted so much of his personal estate as did not consist of ready money, and have paid his funeral and testamentary ex- penses and debts and legacies, and have invested the residue of the said money in the purchase of the Pre- ference and Debenture Stocks mentioned in the Schedule hereto: And whereas the said S. T. died on &c. and the said N. died on &c. And whereas no person is nominated by the said will to appoint new trustees thereof after the death of the said 8. T. And whereas the said M. as the surviving trustee of the said will is desirous of appointing the said L. a trustee thereof in the place of the said N. deceased, and also of appointing the said X. and Y. as separate trustees of the moiety of the said testator’s residuary estate held in trust for the said Jane D. and her issue as herein- before mentioned : And whereas it is intended that as soon as conveniently may be the said M. shall sell so much of the Preference Stock in the Railway Company mentioned in the Schedule hereto as shall be sufficient to pay the costs of and incidental to the preparation and execution of these presents, and of the transfers hereinafter referred to or otherwise incurred in the execution of the trusts of the said will, And shall transfer (a) one moiety of the residue of the investments mentioned in the Schedule hereto into the names of the said X. and Y. to be held by them Upon the trusts affecting the one moiety of the residuary estate of the said testator held in trust for the said Jane D. and her issue, And transfer (a) the remaining moiety of the said residue of investments into the names of the said M. and L. Upon the. trusts affecting the other moiety of NEw TRUSTEES. No. XXXITXA. SEPARATE TRUSTEES. Death of testator and probate. Investment of residuary estate. Death of tes- tator’s widow and one trustee. No power by will to appoint new trustee. Intention to appoint a new trustee of will and a separate set of trustees of one moiety of the trust fund. And to transfer the moieties, NEW TRUSTEES. No. XXXIXa. SEPARATE TRUSTEES. First testatum. Appointment of anew trustee of will. Second testatum. Appointment of separate trustees as to one moiety. RETIREMENT AND DISCHARGE OF TRUSTEES. No. XL. Parties. 326 PRECEDENTS. the said residuary estate held in trust for the said Mary Hi. and her issue. Now THIs INDENTURE WITNESSETH that in exercise of the power for this purpose given to him by the Con- veyancing and Law of Property Act, 1881, and of every other power enabling him, the said M. hereby appoints the said L. to be a trustee of the said will of the said T. T. in the place of the said N., and jointly with the said M. for all the purposes of the said will except as regards the moiety of the residuary estate of the said T. T. by his said will directed to be held in trust for the said Jane D. and her issue. AND THIS INDENTURE ALSO WITNESSETH that the said M. in exercise of the power for this purpose given to him by the Conveyancing Act, 1882, and of every other power enabling him, hereby appoints the said X. and Y. to be trustees of the will of the said T. T. so far as regards the moiety of his residuary estate by his said will directed to be held in trust for the said Jane D. and her issue. In witness &e. THE SCHEDULE ABOVE REFERRED TO. | To contain a list of investments representing the residuary estate of T. T. deceased. | As to the declaration of trust being unnecessary, see first note at the end of Preced. XXXVI. ante, (a) As to the necessity for these transfers, see C. A., s. 34 (3). RETIREMENT AND DiscHARGE of a Trustee under C. A. s. 032; and DECLARATION VESTING the RIGHT TO RE- COVER part of the trust property in the continuing trustees alone under s. 34 (2); by deed supple- mental to the Settlement, Preced. XXXI. ante, and to the appointment of new trustees thereof, Preced. XXXVI. THis INDENTURE made We. between A. D. of &c. and Bb. D. his wife [donees of power] of the first part, Y. of PRECEDENTS. SBP &e. [retiring trustee] of the second part, and Z. of &c.,, M. of &., and N. of &c. [continuing trustees] of the third part, and supplemental to an indenture hereinafter called the principal indenture, dated &c., and made between &c., being a settlement made previously to the marriage then intended and since solemnised between the said A. D. and B. D. [Preced. XXXI.|, and of which principal indenture the said W., X., Y., and Z. were trustees, and also supplemental to another indenture, itself supple- mental to the principal indenture, and hereinafter called the supplemental indenture, dated &c., and made between &e., being an appointment of the said M. and N. as trustees of the principal indenture, in place of the said W. and X. [Preced. XXXVI. | Whereas the husband’s trust fund other than the mes- suage and hereditaments purchased as mentioned in the supplemental indenture, and other than the sum of cash hereinafter mentioned, now consists of the investments mentioned in the first part of the schedule hereto, and the second part of the same schedule contains a debtor and creditor account shewing the sales and investments made and the receipts and payments of the trustees in respect of the capital of the said trust fund (a); and by such account it appears that there is now a balance of £ cash in the hands of the trustees, standing to their credit at the bank: And whereas the wife’s trust fund has not fallen into possession : And whereas the said Y. is desirous of being discharged from the trusts of the principal indenture: And whereas it is intended that immediately after the execution of these presents the investments men- tioned in the first part of the schedule hereto, and the said cash balance, shall be transferred into the joint names of the said Z., M., and N. alone: And whereas it is also intended that by an indenture bearing even date herewith, and made between the same (a) This is a better mode of shewing the dealings than recitals. RETIREMENT AND DISCHARGE OF TRUSTEES. No. XL. Recitals. State of settled property. Desire of trustee to be discharged. Intention to transfer investments and cash, and to vest the residence. RETIREMENT AND DISCHARGE OF TRUSTEES. No. XL. First testatum. Desire to be discharged. Second testatum. Consent to the discharge. Third testatum. Declaration vesting the right to recover chattels and choses in action, 328 PRECEDENTS. parties, and in the same order, and supplemental to the conveyance of the aforesaid messuage and hereditaments and to the indenture appointing the said M. and N. to be trustees thereof in place of the said W. and X., the said Y. shall be also discharged from being trustee of the said messuage and hereditaments, and the same shall be vested in the said Z., M., and N. alone as joint tenants and trustees thereof [neat Preced.| : Now vruis INDENTURE WITNESSETH that the said Y. by this deed declares that he is desirous of being dis- charged from the trusts of the principal indenture. AND THIS INDENTURE FURTHER WITNESSETH that the said A. D., B. D., Z., M., and N. hereby consent to the discharge of the said Y. from the trusts aforesaid, And to the vesting in the said Z., M.,and N. alone of the trust property. AND THIS INDENTURE ALSO WITNESSETH that all the parties hereto do and each of them doth hereby declare That all chattels, and also the right of the said Y., Z., M., and N. to recover and receive all debts and things in action subject to the trusts of the principal indenture, shall forthwith vest in the said Z., M.,'and N. alone as trustees of the principal indenture and as joint tenants for the purposes and upon the trusts thereof. In witness &e. THE SCHEDULE ABOVE REFERRED TO. Partials Investments representing the part of the husband’s trust fund not invested in the purchase of a residence, and not represented by the cash balance appearing by Part 2. Part 2. Debtor and creditor account. PRECEDENTS. 329 RETIREMENT AND DISCHARGE of a Trustee of the Rest- DENCE purchased by Settlement Trustees, Preced. XXXII. and DECLARATION VESTING it in the con- tinuing trustees alone ; Tuis INDENTURE made &c. [same date and parties as the last Precedent. | | Whereas these presents are supplemental to an inden- ture hereinafter called the principal indenture, dated &c., and made &c., whereby a messuage and _ heredi- taments situated at &c., were conveyed to the said W., X, Y., and Z., as trustees upon trust for sale [| Preced. XX XII.| And also supplemental to an inden- ture, itself supplemental to the principal indenture, dated &c., and made &c., whereby the said M. and N. were appointed new trustees of the principal indenture in place of the said W. and X. [Preced. XX XVII.]: And whereas Y. is desirous of being discharged from the trusts of the principal indenture, Now THIS INDENTURE WITNESSETH that Y. by this deed declares that he is desirous of being discharged from the trusts of the principal indenture. AND THIS INDENTURE FURTHER WITNESSETH that A. D., B. D., Z., M., and N. hereby consent to the discharge of Y. from the trusts aforesaid, and to the vesting in Z., M., and N. alone of the trust property : AND THIS INDENTURE ALSO WITNESSETH that all the parties hereto do and each of them doth hereby declare that all the estate and interest of the said Y., Z., M., and N., and each of them in the messuage and hereditaments now subject to the trusts of the principal indenture shall forthwith vest in the said Z., M., and N. alone as trustees of the principal indenture and as joint tenants for the purposes and upon the trusts thereof. In witness &c. RETIREMENT AND DISCHARGE OF TRUSTEES. No. XLI. Parties. Recitals that deed is supplemental. Desire of trustee to be discharged. First testatum. Declaration of desire to be discharged. Second testatum. Consent to the discharge. Third testatum. Declaration as to vesting. RETIREMENT AND DISCHARGE OF TRUSTEES. No. XLII. Parties. Third testatum. Declaration as to vesting and right to sue under covenant to surrender. 330 PRECEDENTS. RETIREMENT and DiscHarGe of a Trustee of the FREE- HOLDS and CopyHoups settled in trust for sale previous to Marriage, Preced. XXX. ; And DEcLARA- TION VESTING the FREEHOLDS and the RIGHT TO SUE on the CovENANT to surrender the CoPpyHOLDS in the continuing trustees alone. THis INDENTURE made &e., between A. B. of &c., and C. B. his wife [donees of power] of the first part, X. of &. [retiring trustee], of the second part, and W. of &c., M. of &e., and N. of &. [continuing trustees] of the third part, and supplemental to an indenture dated &c., whereby freehold hereditaments situated at &c., and copyhold hereditaments situated at &c., were conveyed and coven- anted to be surrendered respectively to the said W., X., M., and N. as trustees upon trust for sale [Preced. XXX. | [ Recite desire of X. to be discharged, and adapt ist and 2nd witnessing parts of the last Precedent. | AND THIS INDENTURE ALSO WITNESSETH that all the parties hereto do and each of them doth hereby declare That all the freehold hereditaments comprised in the principal indenture shall forthwith vest in the said W., M., and N., alone in fee simple (a) as trustees of the principal indenture and as joint tenants, AND that the right to sue on the covenant contained in the principal indenture to surrender the copyhold hereditaments now subject to the trusts of the principal indenture shall vest in the same three persons absolutely. In witness &c. If X. desires to be discharged from the settlement of even date, Preced. XXXa., his discharge should be by a separate deed supplemental to that Precedent, which can readily be adapted from Preced. XL. (a) The words of this declaration of vesting the freeholds differ from those used in preceding Precedents, and are given as another illustration of a declaration under s. 34 of the C. A. PRECEDENTS. gat RELEASE oF MortaacE settled by Preced. XXXV., on the retirement and discharge of a trustee, the trust being disclosed. THis INDENTURE made &c., between D. D. of &c. and RETIREMENT AND DISCHARGE OF TRUSTEES. No. XLII. RELEASE OF F’. D. his wife [donees of power], of the first part, X. of Morreaex. &e. [retiring trustee] of the second part, and Sir F. B. of &c., Bart., and A. D. of &e. [continuing trustees] of the third part. Whereas this indenture is supplemental to an inden- ture of transfer of mortgage hereinafter called the prin- cipal indenture dated &c., and made between the said F. D., then F. B., of the first part, the said D. D. of the second part, and the said Sir F. B., A. D., and H. D. B. of the third part, for securing the payment to the parties thereto of the third part of the principal sum of £3000 and interest [Preced. XXXV.], and indorsed on an inden- ture of mortgage dated &c. 1880, and made between &c., and supplemental also to an indenture itself supple- mental to the principal indenture, and hereinafter called the supplemental indenture, dated &c., and made &c., whereby the said X. was appointed a new trustee of the principal indenture in the place of the said H. D. B. [ Preced. XXX VIII] : And whereas the said sum of £3000, with the current half-year’s interest thereon, is still due to the said Sir F. B., A. D., and X. upon the security of the principal indenture and the supplemental indenture : And whereas the said X. is desirous of being dis- charged from the trusts of the principal indenture : Now THis INDENTURE WITNESSETH [adapt first and second witnessing parts of Preeed. XLI.| AND THIS INDENTURE ALSO WITNESSETH that for effec- tuating the said desire X., AS MORTGAGEE, hereby assigns and releases unto Sir I’. B. and A. D. All that the principal sum of £3000 now owing on the security of the principal indenture and the supple- mental indenture, and all interest due and to become due thereon, Parties. Recitals. That the deed is supple- mental to a transfer, That mortgage debt due. First testatum. Desire to be discharged. Second testatum. Consent to discharge. Third testatum. Assignment of debt. RETIREMENT AND DISCHARGE OF TRUSTEES. No. XLITI. RELEASE OF MORTGAGE. Habendum. Fourth testatum. Conveyance. Habendum. No, XLIV. RELEASE OF MORTGAGE. Parties. Recitals, That deed supplemental to mortgage and transfer. That debt still due. And now belongs to R. P. and A. 8. solely. oo PRECEDENTS. TO HAVE AND RECEIVE the same unto the said Sir F. B. and A. D. absolutely : AND THIS INDENTURE ALSO WITNESSETH that for further effectuating the said desire the said X., as MORTGAGEE, hereby conveys and releases unto the said Sir F. B. and A. D. all the hereditaments comprised . in and conveyed by the said indenture of mortgage of &c., 1880, and the principal indenture and the supple- mental indenture, and which are now vested in the said Sir F. B., A. D., and X., under the same indentures, To HOLD unto and to the use of the said Sir F. B. and A. D. in fee simple, subject to the right of redemption subsisting therein, on payment of the said sum of £3000 and the interest thereon. In witness &c. RELEASE TO CONTINUING TRUSTEES OF MORTGAGE on the retirement and discharge of one trustee, the trust not being disclosed. THis INDENTURE made &c. between X. of &c. of the one part and R. P. of &e., and A. 8. of &e. of the other part : WHEREAS these presents are supplemental to an in- denture of mortgage hereinafter called the principal indenture, dated, &c., and made between &c. for securing the sum of £5000 and interest on property situated at &e., and supplemental also to an indenture of transfer, itself supplemental to the principal indenture, and here- inafter called the supplemental indenture, dated &c., and made between, &c., whereby the said sum of £5000 and interest and the securities for the same were trans- fered to the said R. P., A. 8., and X. [ Preced. XXXIX.] And whereas the said sum of £5000 with the current half year’s interest thereon is still due on the security of the principal indenture and the supplemental indenture, and the same sum and the interest thereon now belong to the said R. P. and A. 8. solely on a joint account. PRECEDENTS. B30 Now THIS INDENTURE WITNESSETH that in considera- tion of the premises the said X. as MORTGAGEE hereby assigns and releases unto the said R. P. and A. S. All that the principal sum of £5000 owing on the securities of the principal indenture and the supplemental indenture, and all interest due and henceforth to become due thereon. TO HAVE AND RECEIVE the same unto the said R. P. and A. 8. absolutely on a joint account. AND THIS INDENTURE ALSO WITNESSETH that for the consideration aforesaid the said X.AS MORTGAGEE hereby conveys and releases unto the said R. P. and A. S$. All the hereditaments comprised in and conveyed by the principal indenture and the supplemental indenture, and which are now vested in the said R. P., A. S., and X. under the same indentures, To HOLD unto and to the use of the said R. P. and A. 8. in fee simple, subject to such right of redemption as is subsisting therein on payment of the said sum of £5000 and the interest thereon. In witness &e. RETIREMENT AND DISCHARGE OF TRUSTEES. No. XLIV. RELEASE OF MORTGAGE. First testatum. Assignment of debt. Second testatum., Conveyance. Habendum. 334 PRECEDENTS. SECT. VII. WILLS. Wit of a Married Man bequeathing Furniture, &c., to Wife, charitable and other legacies, an annuity, and a sum to one for life, with remainder to his issue per stirpes; general devise and bequest of real and residuary personal estate upon trust for sale and con- version ; for investment of proceeds and payment of income to wife during widowhood, with remainder to testator’s issue as wife shall appoint, in default, to children equally; advancement and other clauses, and settlement of daughters’ shares, and giving them power to appoint life interests to surviving husbands; and other provisions. I &c. [Commencement of will, Form No. 47; Appointment of executors and trustees, and legacy to each for acting, Form No. 49 ; Appointment of guardians, Form No. 50; Confirmation of testator’s marriage settlement, Form No. 51; Bequest to wife of furniture, &c., Form No. 52; Legacies to charities, Form No. 58. Legacies or annuities to servants, Forms No. 54 or 55; Legacies ; option to pay to married woman or her trustees, Form No, 57 ; Bequest of annuity, Form No. 56 ; Bequest to A. for life, and then to his issue per stirpes, Form No. 58; Direction that in default of issue of A., legacy shall fall into residue, Form No. 59; Direction that legacies and annuities be paid free of legacy duty, Form No. 60 ; General devise and bequest of real and personal estate upon trust to sell, pay debts, legacies, d&e., and invest the residue, Forms Nos. 61 and 18; Trusts of investments, to pay income to wife during her PRECEDENTS. 335 widowhood (or for her life without power of anticipation), Forms Nos. 62 and 68 ; Trusts as to capital for issue as she shall appoint ; m default, for children equally, as to sons who attain twenty- one, and as to daughters who attain that age or marry ; with hotchpot clause, Form No. 64 ; Advancement clause, Form No. 65; Settlement of daughters’ shares, with power for them to appoint life interests to surviving husbands, Forms Nos. 66, 67, and 70; Power for trustees of will to deal with daughters’ shares notwithstanding directions for settlement, Form No. 71; Declaration that any sum paid or settled by testator on the marriage of daughters be taken into account, Form No. t25 Add, if required, power to mortgage for payment of debts, &e., Form No. 73. | SuBJEcT to the trusts and powers hereinbefore con- tained or referred to I direct that the trust fund and the income thereof, and all statutory accumulations of income (if any), or so much thereof respectively as shall not have become vested or been applied pursuant to this my will, shall be held in trust for absolutely. | Power for trustees to value and apportion mixed funds, adapt Form No. 43]. I DECLARE that my wife during her life shall have power to appoint a new trustee or new trustees of my will. In witness whereof I have hereunto set my hand the day and year first above written. | Attestation clause, Form No. 74. | The provisions of the C. A. incorporated in this precedent are the same as those incorporated in Precedent XXXI. (see note at the end of that precedent, ante), except the implied covenants, and with the addi- tion of s. 30, which renders unnecessary the devise of trust and mortgage estates. WILLS. No. XLV. Ultimate gift of residue. Power to appoint new trustees. Attestation clause. What pro- visions of C. A, incorporated in this precedent. ENLARGEMENT Parties. Recital that Tek, 1D) tenant for life: no tenant in tail attained twenty-one, First testatum. Declaration. — Second testatum. Settlement of fee simple. 336 PRECEDENTS. SECT. VIII. ENLARGEMENT OF LONG TERMS. ENLARGEMENT INTO A FEE of the Lona TERM assigned by Precedent XIV. by declaration of the TENANT FoR Lire of settled estates. THis INDENTURE made the day of 1S between H. D. of &e. [tenant for life], of the one part, and H. L. of &c., and L. P. of &c. [trustees], of the other part, supplemental to an indenture of conveyance dated &c., and made between &c., hereinafter called the prin- cipal deed | Preced. XIV.| (a). Whereas the said H. D. is now tenant for life in pos- session under the will of E. G. D. deceased, recited in the principal deed, and beneficially entitled in right of the term of one thousand years created by the indenture of the 1st day of June, 1651, also recited in the principal deed, to the possession of the lands and hereditaments comprised in that term, and by the principal deed con- veyed to the said H. L. and L. P. for the residue of that term as trustees and upon the trusts of the said will: And whereas there has been no tenant in tail under the limitations of the said will who has attained the age of twenty-one years. Now THis INDENTURE WITNESSETH that the said H. D., as the person so beneficially entitled, hereby declares that from and after the execution of these presents the said term of one thousand years shall be and the same is hereby enlarged into a fee simple. AND THIS INDENTURE ALSO WITNESSETH that for settling the said fee simple so acquired by enlargement in the manner in which the same is liable to be settled, the said E. L. and L. P., as such trustees as aforesaid, hereby convey unto the said H. D. all the lands and (a) If the term is settled by settlement the deed enlarging it will be described as supplemental to the settlement. PRECEDENTS. OL hereditaments which by the principal deed were assigned to the said H. L. and L. P. for the residue of the said term of one thousand years, and which under the de- claration hereinbefore contained have become vested in them for an estate in fee simple, To HOLD unto the said H. D. in fee simple, To THE USES, upon the trusts, and subject to the powers and provisions by the will and codicils of the said EK. G. D. deceased declared and now subsisting concerning the hereditaments in England and Wales devised by the said will and the codicils thereto (b). In witness &e. ENLARGEMENT OF A Lona TERM INTO A FEE By ExEcu- TORS of deceased owner, as to PART of the demised property. To ALL TO WHOM THESE PRESENTS SHALL COME, X. of &e., and Y. of &c., send greeting : WHEREAS these presents are supplemental to an inden- ture hereinafter called the principal indenture dated &c., and made between M. of the one part and A. B. (since deceased) of the other part, whereby All those &e [short description | were assigned to the said A. B. for the residue of a term of 500 years created therein, and also in other land and hereditaments by an indenture of lease dated ve. and made &c., at a peppercorn rent payable in respect of all the demised premises : AND WHEREAS the said A. B. died on &c., 1881, being at his death entitled to the premises comprised in the principal indenture for the residue of the said term, and having by his will dated &c., 1880, appointed the said (>) If a tenant in tail has attained twenty-one, the last witnessing part should be omitted. He may have made a mortgage or conveyance of the leaseholds which might ultimately entitle the mortgagee or some other person to a conveyance of the fee (see C. A. s. 65 (5)). Conse- quently the trustees should not in that case part with the fee, at least unless they are satisfied that the tenant in tail has not dealt with his equitable interest in the term. Z ENLARGEMENT oF LONG TERMS. No. XLVI. Recitals. That deed supplemental to assignment to testator. Death of testator and appointment of executors. ENLARGEMENT OF LONG XLVIL — Testatum. 338 PRECEDENTS. X. and Y. executors thereof who proved the same in the District Probate Registry on &c., And the said term of 500 years is now vested in the said X. and Y. as the personal representatives of the said A. B. so far as regards the said premises comprised in the principal indenture [add 7f so subject], Subject to the incumbrances affecting the same : Now THESE PRESENTS WITNESS that the said X.and Y. as such personal representatives as aforesaid do and each of them doth hereby declare that from and after the execution hereof the said term of 500 years, as far as regards the land and hereditaments comprised in the principal indenture, shall be and the same is hereby enlarged into a fee simple. In witness, &e. The executors take in that character under s. 65 (4) of the C. A. the like powers of selling and conveying the fee simple acquired by the deed in the text, as they had as executors of selling and assigning the term previous to its enlargemen4. ( 339 ) INDEX TO THE STATUTES AND NOTES. For explanation of Abbreviations see p. 1 (a), ante. ABSTRACT, effect of V. & P. A. & C. A. on, 2 forty years substituted for sixty as root of title, 11 of freehold title not to be called for in contract to grant or assign lease, 12 nor of leasehold title in contract to sell and assign sub- lease, 19 nor of title to enfranchise on sale of enfranchised copy- holds, ib. purchaser of several lots entitled to only one, 22 no time should be named for delivery of, on sale, 187 (a) commencement of, should be stated in contract, 21 commencing with purchase or mortgage deed, conditions should so state, 191 (a) ACCUMULATION of income during minority investment of, 92, 94 destination of, under C. A. in case of land, 93 other property, 95 intermediate, power to resort to, 93, 95 where accumulation clause still necessary, 94: ACKNOWLEDGMENT of right to production of documents, 13, 42, 43 obligation under, 43 no right to damages under, 44 application to Court under, 7b, satisfies liability to give covenant for production, 45 mortgagee or trustee may safely give, 44, 207 (a) stamp on, when by separate document, 47 to, and by whom given, 45, 48 Z 2 340 INDEX TO THE STATUTES AND NOTES. ACKNOWLEDGMENT OF DEEDS by married women, substitution of one commissioner for two, 139 of memorandum endorsed for certificate, 7b. form of memorandum, 165 certificate of acknowledgment of deeds executed before 1882. .141 requisition for search for, 172 certificate of search, 175 not impeachable on account of interest of person taking acknowledgment, 139 rules as to, 164-166, 169, 172, 175, 178 none necessary by woman married after 1882. .139 nor by woman married before 1883, as to property acquired after 1882, ib. ACTION respecting mortgage, Sale in, 72 orders in, 73 ADMINISTRATOR has no power to compromise or com- pound, 88 ADOPTION OF C. A. by solicitors and trustees, 115 AGREEMENT TO SETTLE after-acquired property of wife, made since 1882 by her alone, 229 (a) and binds her present and future property, if not re- strained from anticipation, ib. but is void against creditors if wife trades separately from husband, 7b. stamp duty on, 229 (b) when made by infant, 6 election under, 7b. post-nuptial, effect of M. W. P. A. on, 7 ALIENATION, restraint on, by husband in settlement of his own property, void against creditors, 219 (b) exception, 2b. secus as to mortgagee, ib. “ALL ESTATE” CLAUSE, unnecessary, 110 to what cases C. A. applies, 7b. INDEX TO THE STATUTES AND NOTES. 341 ANNEXED DEED, how to be read, 103 ANNUAL SUM charged on land, remedies for recovery of, 96, 97 issuing out of land, redemption of, 97 ANNUITIES, search for, 134 ANTICIPATION, restraint on, not affected by M. W. P. A., 161 utility of, 219 (a) APPOINTMENT of new trustees. See New TRUSTEES. of separate sets of trustees, 137 APPORTIONMENT of conditions in lease on severance of reversion, generally, 50 of re-entry under 22 & 23 Vict. c. 35, ib. ASSIGN mortgage debt, obligation of mortgagee to, 55, 144 ASSIGNEE of chose in action, right to sue in his own name, 273, n. ASSIGNS, where bound by or entitled to benefit of lessor’s cove- nants, 48, 49 covenant relating to land, benefit of, extends to, 106 obligation of, how far binding on, 107 where assigns must be mentioned in covenants, 106, 206 (a) of covenantee, what covenants deemed to be made with, 206 (b) of mortgagee omitted from covenants with him, 207 (c) not a word of limitation, 258, n. omitted in assignments, 7b. See Hetrs anp Assians. ATTESTATION of purchase-deed, rights of purchaser as to, 42 ATTESTED AND OTHER COPIES, expense of, 22 342 INDEX TO THE STATUTES AND NOTES. ATTORNEY, POWER OF, of married woman, 89 donee of, may execute or act in his own name, 99 how he should execute, 143 payment or acting under, without notice, when not made irrevocable, 7b. rights of payee reserved, 99 irrevocable while coupled with an interest, 209 (a) purchaser must ascertain that principal was alive at time of execution under, when not made irre- vocable, 100 effect of execution when not made irrevocable and ’ principal dead, 100 made absolutely irrevocable, effect of, 141, 142 irrevocable for fixed time, effect of, 142, 143 deposit of power, 100 General Rules for, 167, 168 filing of instruments deposited, 100 office copy of, evidence, ib. ATTORNMENT clause in mortgage, not advisable, 215, n. BANKRUPTCY, definition of, in C. A., 18 search for, 134 BARE LEGAL ESTATE, vesting of, under V. & P. A., 13 meaning of, 193 (a) when devolution of, need not be shown in abstract, 7b. BARE TRUSTEE, meaning of, 193 (a) married woman, her power to convey, 14 BENEFICIAL OWNER, implied covenants by. See Impiirep Covenants. BOND binds heirs and real estate, C. A. s. 59..107 BUILDING LEASH, definition of, in C. A., 18 ‘mortgagor or mortgagee in possession may grant, 58 or agree to grant, 61 INDEX TO THE STATUTES AND NOTES. 313 BUILDING PURPOSES, definition of, in C. A., 18 CHAMBERS, applications in, under V. & P. A., 15 under C. A., 118 CHARGH, equitable, when transfer necessary, 55 CHEQUE, payment of purchase-money by, 105 CHIEF-RENT, redemption of, 97 CHOSE IN ACTION, vesting of, in trustees, 84 assignment of, by a person to himself and another, 101 right of assignee to sue for, 273, n. of married woman not assignable under 20 & 21 Vict. c. 57..10 COMPOUND OR COMPROMISE, executors and trustees may, 87 but not administrator, 88 CONDITIONS in leases, apportionment of, on severance, 50 CONDITIONS OF SALE rules to be regarded in framing, 179-181 implied by statute. See InpEx or Forms. summary of, 179-181 adoption of, by trustees, 13, 115 suggested order of, 186 (a) vendor must be named or otherwise described,189 (a) GONSIDERATION : See ReEczrrr. CONSOLIDATION OF MORTGAGES, restrictions on, 57 how it may still arise, 7b., 58 CONSTRUCTION of deeds and other instruments, 1-5, 101-111 of supplemental or annexed deed, 103 344 INDEX TO THE STATUTES AND NOTES. CONTRACT FOR SALE, effect of V. & P. A. and C. A. on, 1 root of title in, 11 of lease, lessor’s title not to be required, 12 of underlease, under-lessor’s title not to be re- quired, 19 conditions supplied by V. & P. A., 1, 11-13 by C. A., 1, 2, 19=23 See INDEX oF Forms; tit. CoNDITIONS OF SALE. open, effect of, 1, 23 saving to purchaser of right to resist specific performance, 23 completion of, after death of vendor,