Equitable Mortgage--Deposit of Title Deed

Such a mortgage by deposit of title deeds is for all purposes a ‘legal mortgage’ and not an equitable mortgage

Equitable Mortgage--Priority of Charge--Equitable Mortgage created by deposit of Unregistered Agreement to Sell--Thereafter, Legal Mortgage was created by deposit of share certificate of flat--Legal Mortgage would have priority of charge over any equitable mortgage

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