86.—(1) If at any time while a grant condition remains in force with respect to a dwelling, house or building—
(a)the owner of the dwelling, house or building to which the condition relates pays the amount of the grant to the Executive,
(b)a mortgagee of the interest of the owner in that dwelling, house or building being a mortgagee entitled to exercise a power of sale, makes such a payment,
(c)the Executive determines not to demand repayment on the breach of a grant condition, or
(d)the Executive demands repayment in whole or in part on the breach of a grant condition and that demand is satisfied,
the grant condition and any other grant conditions shall cease to be in force with respect to that dwelling, house or building.
(2) In the case of a grant condition imposed on a landlord's application for a common parts grant the references in paragraph (1)(a) and (b) to the owner of the building are to the applicant or any such successor in title as is referred to in Article 77(3).
(3) An amount paid by a mortgagee under paragraph (1)(b) shall be treated as part of the sums secured by the mortgage and may be discharged accordingly.
(4) The purposes authorised for the application of capital money by sections 21 and 63 of the Settled Land Act 1882 (c. 38) include the making of payments under this Article.