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The Building Societies (Isle of Man) Order 1987
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Application of relevant provisions
7. Subject to Schedule 2 to this Order, the relevant provisions shall apply or, as the case may be, have effect in relation to territory advances as they apply or have effect in relation to other advances secured on land and in any relevant provision—
(a)any reference to a mortgage shall be construed as including a reference to the relevant form of security, and
(b)any reference to a mortgage debt shall be construed accordingly.
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