Separate answer page · Chapter 2

Chapter 2: Mortgages - Part 1 — Answers

1D

I

2S

C

H

A

R

G

3E

E

Q

4C

L

O

G

U

U

5W

I

6R

R

R

T

7I

N

D

E

F

E

A

S

I

B

I

L

I

T

Y

G

T

T

8C

R

E

D

I

T

Y

I

S

9R

N

10M

O

R

T

G

A

G

E

E

G

R

D

11C

A

E

H

T

12M

O

R

T

G

A

G

O

R

A

I

P

13P

U

R

P

O

S

E

T

G

N

I

E

O

14I

N

T

E

R

E

S

T

#	Direction	Clue	Answer
1	Across	The result/document used to remove a mortgage from title after repayment.	DISCHARGE
2	Down	The central function of a mortgage is to provide this for repayment.	SECURITY
3	Down	A mortgage may exist in ______ where legal registration is incomplete but the security intention is binding.	EQUITY
4	Across	An invalid restraint on the equity of redemption is traditionally called a ______.	CLOG
5	Down	PLA s 8 generally requires creation of an interest in land to be in this form and signed.	WRITING
6	Down	The step that creates a legal Torrens mortgage.	REGISTRATION
7	Across	The Torrens principle protecting registered interests, subject to recognised exceptions.	INDEFEASIBILITY
8	Across	The National ______ Code may regulate qualifying consumer lending.	CREDIT
9	Down	The mortgagor's right to free the property by satisfying the secured obligation.	REDEMPTION
10	Across	The lender who holds the mortgage security.	MORTGAGEE
11	Down	Under Torrens title, a registered mortgage operates as this rather than transferring title.	CHARGE
12	Across	The borrower who grants security over land.	MORTGAGOR
13	Across	NCC application requires analysis of the credit's predominant ______.	PURPOSE
14	Across	A mortgage secures an ______ in land rather than transferring the fee simple to the mortgagee.	INTEREST