In section 97 of the M1Law of Property Act 1925 (priorities as between puisne mortgages) for the words from “to mortgages” to “1925), or” (which were inserted by section 9(2) of the M2Land Registration and Land Charges Act 1971) there shall be substituted the words “to mortgages or charges to which the Land Charges Act 1972 does not apply by virtue of section 14(3) of that Act (which excludes certain land charges created by instruments necessitating registration under the Land Registration Act 1925), or”.