✨ Land Encumbrance Notice
NEW ZEALAND GAZETTE, No. 153 — 18 DECEMBER 2014
| 3319 | Lot 1 DP 6758 | WN327/259 |
|---|---|---|
| Lot 2 DP 6758 | WN361/105 | |
| Lot 3 DP 6758 | WND3/190 | |
| Lot 1 DP 1904 | WN165/57 | |
| Lot 2 DP 1904 | WN168/71 | |
| Lot 3 DP 1904 | WN189/275 | |
| Lot 4 DP 1904 | WN218/162 | |
| Lot 5 DP 1904 | WN361/105 |
Lot 41 DP 827
Part Lot 46 DP 827
206 | 1/34th share in other parts of Lot 47 DP 827
132 | 1/17 share in Part Lot 47 DP 827
328 | Lot 52 DP 710 | 604212 | WN108/13
329 | Lot 53 DP 710 | 604221 | WN95/147
3675 | Lot 5 DP 9789 | WN39B/838
Lot 1 DP 15166 | WN449/171
Lot 2 DP 15166 | WN676/33
Lot 1 DP 12470 | WN676/32
Section 1 SO 28414 | WN492/188
| WN166/92
| WN420/24
506 | Lot 20 DP 1802 | WN39B/839 | WN364/63
2488 | Lot 1 DP 40629 | WN42C/108
Lot 1 DP 9619 | WN14B/177
Lot 2 DP 9789 | WN14B/178
| WN14B/179
| WN489/202
| WN489/201
Second Schedule
Encumbrance
For valuable consideration, the owner of all the land in the First Schedule, together with their heirs, successors and assigns ("the Encumbrancer"), agrees to encumber all of the lands in the First Schedule ("the Land") for the benefit of the Her Majesty The Queen ("the Encumbrancee") for a term of 999 years from the publication date of this notice in the New Zealand Gazette, determinable under Clause 3 hereof with an annual rent charge of $\$1.00 to be paid in January of each year if demanded, and to covenant with the Encumbrancee to secure compliance by the Encumbrancer with the agreements set out in this Encumbrance.
-
The Encumbrancer acknowledges that the covenants in this Encumbrance are of a permanent nature, and the Encumbrancer shall not be entitled to a discharge of the Encumbrance during the term, whether by payment of the total security or otherwise.
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The Encumbrancer covenants with the Encumbrancee that:
a. the Encumbrancer will not dispose of any or all of the Land without first satisfying its obligations under section 40 of the Public Works Act 1981;
b. the Encumbrancer will advise the Encumbrancee of the proposed sale; and
c. if the Encumbrancer sells any or all of the Land before the expiration of five years from the date of publication of this notice in the New Zealand Gazette, the Encumbrancer shall pay 20% of the net proceeds of sale (or such lesser amount agreed by the Encumbrancee) to the Encumbrancee. -
This rent-charge shall immediately determine and the Encumbrancer shall be entitled to a discharge of this Encumbrance if the covenants expressed herein become obsolete or no longer enforceable or where any sunset provision is enacted amending section 40 of the Public Works Act 1981 which provision makes the term of this Instrument redundant.
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The Encumbrancer shall pay its own costs incurred during the course of this Encumbrance.
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NZ Gazette 2014, No 153
✨ LLM interpretation of page content
🗺️ Land Parcel Encumbrance
🗺️ Lands, Settlement & SurveyLand Parcel, Encumbrance, Public Works Act, Rent Charge