SCHEDULES
SCHEDULE 3 Form of Receipt on Mortgage, Heritable Security, Etc.
Part I
Forms applicable in England and Wales
Form A
The Limited hereby acknowledges to have received all moneys intended to be secured by the [within (or above) written] [annexed] deed [and by a further charge dated, etc.,or otherwise as required].
Dated this day of
Members of the Committee.
Secretary.
Form B
The Limited hereby acknowledges that it has this day of received the sum of pounds representing all moneys intended to be secured by the [within (or above) written] [annexed] deed [and by a further charge dated, etc.or otherwise as required], the payment having been made by C.D. of and E.F. of
Members of the Committee.
Secretary.
Note. If the persons paying are not entitled to the equity of redemption but are paying the money out of a fund applicable to the discharge of the mortgage or other assurance, insert a statement to that effect.
A statement may also be inserted as to whether the receipt is or is not to operate as a transfer of the benefit of the mortgage or other assurance.
Part II
Forms applicable in Scotland
Form C
The Limited acknowledges that (1) the foregoing disposition granted by A (with consent) in favour of the said society dated and recorded in the Division of the General Register of Sasines for on was granted in security only of a loan of pounds made by the said society to the said , and (2) the said society have received repayment of all moneys secured by the said disposition.
F1Testing clause+
+Note—Subscription of the document by the granter of it will be sufficient for the document to be formally valid, but witnessing of it may be necessary or desirable for other purposes (see the Requirements of Writing (Scotland) Act 1995).
Members of the Committee.
Secretary.
Form D
The Limited acknowledges to have received repayment of all moneys secured by the foregoing bond and disposition in security [bond and assignation in security] [bond and such other deed of heritable security as may have been agreed] granted by A in the said society’s favour dated and recorded in the Division of the General Register of Sasines for on
F1Testing clause+
+Note—Subscription of the document by the granter of it will be sufficient for the document to be formally valid, but witnessing of it may be necessary or desirable for other purposes (see the Requirements of Writing (Scotland) Act 1995).
Members of the Committee.
Secretary.
Form E
The Limited hereby acknowledges to have received repayment of all moneys secured by the foregoing [describe deed] by A in the said society’s favour.
F1Testing clause+
+Note—Subscription of the document by the granter of it will be sufficient for the document to be formally valid, but witnessing of it may be necessary or desirable for other purposes (see the Requirements of Writing (Scotland) Act 1995).
Members of the Committee.
Secretary.
Sch. 3 Forms C-E words substituted (1.8.1995) by 1995 c. 7 s. 14(1), 15(2) Sch. 4 para. 42 (with s. 9(3)(5)(7), 13, 14(3))