446
THE NEW ZEALAND GAZETTE.
[No. 13

instalments shall be calculated according to the said table as
if the half-yearly periods corresponding to the instalments of
principal so paid had expired, and the period of
years
during which instalments of principal and interest would have
been payable shall be reduced accordingly.

3. That the mortgagor will forthwith insure, and so long
   as any money remains owing on this security will keep in-
   sured, all buildings and erections for the time being situate
   on the said land against loss or damage by fire, in the name
   of the mortgagee, to their full insurable value, in the State
   Fire Insurance Office, or other reputable insurance office to
   be from time to time approved by the mortgagee, and will
   duly and punctually pay all premiums and sums of money
   necessary for the purpose of keeping every such insurance on
   foot; and will, not later than the forenoon of the day on
   which any premium falls due, deliver the receipt therefor to
   the mortgagee, who shall also be entitled to the exclusive
   custody of all policies of insurance.

4. That the mortgagor will from time to time, so long
   as any money remains owing on this security, well and
   substantially repair, and keep in good and substantial repair
   and condition, all buildings or other improvements erected
   and made upon the said land; and that the mortgagee
   may at all times be at liberty, by himself, his agents or
   servants, to enter upon the said land to view and inspect the
   said buildings and improvements.

5. That if the mortgagor fail or neglect to insure or
   keep insured the said buildings and erections as aforesaid,
   or to deliver any premium receipt as aforesaid, or to repair
   the said buildings and improvements, or to keep them in good
   and substantial repair and condition as aforesaid, then and
   in any such case, and as often as the same shall happen, it
   shall be lawful for but not obligatory on the mortgagee, at
   the cost and expense in all things of the mortgagor, to
   insure the said buildings or any of them in such sum as
   aforesaid or in any less sum, or to pay such premium, or to
   repair the said buildings and improvements and keep them
   in good and substantial repair and condition.

6. That in the event of the said buildings and erections
   or any of them being destroyed or damaged by fire, all moneys
   received by the mortgagee under any insurance in respect of
   such destruction or damage shall be applied at his sole option
   either in or towards rebuilding or repairing the buildings
   and erections so destroyed or damaged, or in or towards
   payment of the principal, interest, and other moneys for
   the time being covered by this security, notwithstanding
   that the same or any of them may not have accrued due
   under the terms of these presents.

7. That all moneys expended by the mortgagee in and
   about effecting or keeping on foot any insurance as aforesaid,
   or in repairing or keeping in repair any of the said buildings
   and improvements as aforesaid, or in attempting to exercise
   or enforce any power, right, or remedy herein contained or
   implied in favour of the mortgagee, shall be payable to him
   by the mortgagor on demand, and until paid shall be charged
   on the said land, together with interest at the rate of 6½ per
   centum per annum computed from the date or dates of such
   moneys being expended.

8. That the power of sale and incidental powers in that
   behalf conferred upon mortgagees by the Land Transfer
   Act, 1915, shall be implied herein, with this modification:
   that they may be exercised without any notice or demand
   whatsoever if and whenever the mortgagor make default
   for fourteen days in the full and punctual payment of any
   moneys hereby secured, or the interest thereon, in accordance
   with the respective covenants for payment thereof herein
   contained; or if and whenever the mortgagor make de-
   fault in the faithful observance and performance of any
   other covenant or condition on his [their] part herein con-
   tained or implied.

9. That if and whenever the mortgagor make any such
   default as in the last preceding covenant mentioned it shall
   be lawful for the mortgagee to call up and compel payment
   of all principal, interest, and other moneys for the time
   being owing under this security, notwithstanding that the
   time or times hereinbefore appointed for the payment thereof
   respectively may not have arrived.

10. That the covenants, powers, and provisions implied
    in mortgages by the Land Transfer Act, 1915, are modified
    or negatived in so far as they are inconsistent with or re-
    pugnant to these presents.

11. That the mortgagor will at all times punctually pay
    the rent or other payments reserved by, and faithfully perform
    and observe all the covenants and conditions contained in, the
    lease or license herein mentioned; and that if he [they]
    fail or neglect so to do it shall be lawful but not obligatory
    on the mortgagee so to do at the cost and expense in all things
    of the mortgagor, and all moneys so expended by the
    mortgagee shall be payable to him by the mortgagor on
    demand, and until paid shall be charged on the said land,
    together with interest at the rate of 6½ per centum per
    annum computed from the date or dates of such moneys
    being expended.

12. That the mortgagor will at all times cultivate and
    manage the mortgaged land in a skilful and proper manner,
    and according to the rules of good husbandry.

13. All the powers and duties conferred by these presents
    upon the mortgagee or directed or implied by statute shall,
    on behalf of the mortgagee, be exercisable and may be per-
    formed in his own name by the Commissioner of Crown Lands
    for the time being for the Land District.

14. That upon the transfer, otherwise than pursuant to
    the will or on the intestacy of the mortgagor, of the lands
    hereby mortgaged, or of the whole or any part of the mort-
    gagor interest therein, all principal moneys due hereunder
    shall become immediately due and payable to the mortgagee.

15. That the mortgagor doth hereby appoint the Com-
    missioner of Crown Lands for the time being of the Land
    District of to be the attorney and agent of the
    mortgagor, in his [their] name and on his [their] behalf to
    do all things, give all notices, and execute all deeds and
    documents necessary to obtain an extension or renewal of the
    said lease or license, and on the completion of the same to
    execute such mortgage or mortgages as may be necessary or
    required to charge the interest of the mortgagor in such
    renewed or extended lease or license with the balance of
    moneys still due and owing under this mortgage.

And it is hereby declared that the provisions of the regu-
lations made by Order in Council dated the day of
, 1930, are implied herein so far as applicable, and
shall have the same force and effect as if the same were set
out in full.

And for the better securing to the said mortgagee the
repayment in manner aforesaid of the said principal sum
and further advances and interest the mortgagor hereby
mortgage to the said mortgagee all the mortgagor estate
and interest in the said land above described.

In witness whereof the mortgagor has [have] hereto
signed his [their] name this day of , one
thousand nine hundred and .

………………, Mortgagor.

Signed by the said , as mortgagor, in the presence
of—

Witness:

Occupation:

Address:

F. D. THOMSON,
Clerk of the Executive Council.

Consenting to the Acquisition of an Aerodrome-site by the
Ashburton County Council and Ashburton Borough Council.

MICHAEL MYERS,
Administrator of the Government.

ORDER IN COUNCIL.

At the Government House at Wellington, this 19th day of
February, 1930.

Present:

HIS EXCELLENCY THE ADMINISTRATOR OF THE GOVERNMENT
IN COUNCIL.

IN pursuance and exercise of the powers and authority
vested in him by the Local Authorities Empowering
(Aviation Encouragement) Act, 1929, His Excellency the
Administrator of the Government of the Dominion of New
Zealand, acting by and with the advice and consent of the
Executive Council of the said Dominion, doth hereby consent
to the acquisition by the Ashburton County Council and the
Ashburton Borough Council of the land described in the
Schedule hereto, and to the establishment and maintenance
of an aerodrome thereon.

SCHEDULE.

Portions of Rural Section 25108, comprising 50 acres and
42 acres 2 roods 35 perches respectively, being parts of the
land comprised in Certificate of Title, Vol. 275, folio 135.

F. D. THOMSON,
Clerk of the Executive Council.