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What are the liabilities of the mortgagee when the property is in his possession?

April 26, 2017liabilities mortgagee possession Property

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What are the liabilities of the mortgagee when the property is in his possession?

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When the property is in the possession of the mortgagee he should manage the property properly as well as carry out necessary repairs as required from time to time. He must also collect the rents and profits and pay government revenue and all other charges of a public nature.