STATUTORY TRANSFER AND MORTGAGE COMBINE

THIS TRANSFER AND LEGAL CHARGE IS MADE by way of statutory transfer and mortgage the…………………..day of……………………2015 between A. of [etc.] of the first part B. of [etc.] of the second part and C. of [etc.] of the third part supplemental to legal charge made by way of statutory mortgage dated [etc.]and made [etc.] . Whereas a principal sum of N…………………………… only remains due in respect of the said legal charge as the mortgage money and no interest is now due thereon. And whereas B. is seized in fee simple of the land comprised in the said legal charge subject to that charge.

NOW THIS DEED WITNESSES AS FOLLOWS-

• In consideration of the sum of N…………. now paid to A. by C. (the receipt and payment of which sum A. and B. hereby respectively acknowledge) A. as mortgagee hereby conveys and transfers to C. the benefit of the said legal charge.
• For consideration aforesaid, B. as beneficial owner hereby charges by way of legal mortgage, all the premises comprise in the said legal charge with the payment of C. on the…………………..day of …………………………2015, of the sum of N…………………………….. As the mortgage money with interest thereon at the rate of per centum per annum in witness, etc. {or in the case of a further advance after "acknowledgement" at insert" and of the further sum of N……………………………now paid by C. to B. of which the sum B. hereby acknowledges the "receipt" also at……………………before "as beneficial owner" "Insert" as mortgagor and as "as well as "as where B is not the original mortgagor. And after "of" at…………….Insert " the sums of N……………………. and N……………………… making together ".

IN WITNESS OF WHICH THE PARTIES HAVE EXECUTED THIS INSTRUMENT OF TRANSFER IN THE MANNER BELOW THE DAY AND YEAR FIRST ABOVE WRITTEN

SIGNED SEALED AND DELIVERED _____________________

By the within named Mortgagor In the Presence of:

Name:

Address:

Occupation:

Signature:

SIGNED SEALED AND DELIVERED _____________________

By the within named Mortgagee In the Presence of:

Name:

Address:

Occupation: