Amendment status not verified — confirm the current text below against the official source.
FURTHER CHARGE-Instrument of, that is to say, instrument imposing a further charge on mortgaged property- a. When the original mortage is one of the The same duty as aconveyance description referred to in claurse (a) of Article O\lo. 23) for a consternation 40 (that is with possession); equal to the further charge b. where such mortgage is one of the description secured by such instrument. referred to in clause c. ofArticle No. 40 (that is with Out possession)- i. if at the time of execution of the instrument of same duty as aConveyance further charge possession of the property is (No. 24) for a consideration given or agreed to be given under such equal to the total amount of the instrument; charge (including the original mortgage and any further charge already made), less the duty already paid on such original mortgage and further charge. ii. ifpossession is not so given The Same duty as a bond (No. 15) for the amount of the further charge secured by such Instrument.