Interactive revision · Chapter 3
Chapter 3: Mortgages - Part 2 Click a square and type one letter. Select Check answers . Correct letters turn green with ✓; incorrect letters turn red with ✕. Change any red letter and check again. The answer key is on a separate page.
Across 2. Method normally contemplated for a prescribed home mortgage unless another method is appropriate. (7) 3. Money received from a mortgagee sale and distributed according to statutory priorities. (8) 7. A mortgagee may take this of the mortgaged property after default. (10) 9. The event that usually triggers enforcement powers under a mortgage. (7) 10. The benchmark relevant to a mortgagee's duty when selling the security. (11) 11. The remedy mortgagees usually prefer to foreclosure. (4) 12. Commercial and General Acceptance Ltd v ______ confirms the sale duty cannot be escaped by delegation. (5) 13. Monetary relief available for breach of the mortgagee sale duty. (7) 14. Urgent equitable relief that may be sought to restrain an improper sale before completion. (10) Down 1. Court process that extinguishes the mortgagor's equity of redemption. (11) 4. Before exercising certain statutory remedies, the mortgagee commonly must give this. (6) 5. A person appointed to manage the mortgaged property and collect income. (8) 6. Evidence commonly obtained to support a proper sale process. (9) 8. Leading authority on reasonable care in mortgagee sale: ______ Brick Co v Mutual Finance. (8) PROPERTY LAW B IN QUEENSLAND · CHAPTER 3 INTERACTIVE CROSSWORD