MORTGAGES for his and their own proper use and benefit, withLife Interest in out any suit, trouble, molestation, interruption, or Bank Annuities. disturbance whatsoever, of or by the said (mort

gagee) his executors, administrators, or assigns, or any of them, or any other person or persons now or hereafter lawfully or equitably claiming by, from, or under him, them, or any of them, and without any account to be made or given to him the said (mortgagee) his executors, administrators, or assigns, of or concerning the same, or any part thereof. PROVIDED, &c. (No sale till notice) (1). IN WITNESS, &c.

No sale till notice.

time be payable upon the policy of assurance. As this sum will
in the case of his decease belong to the mortgagee, an attested
copy of this assignment should be delivered to the trustees of
the dividends, and also to the assurance office, to prevent its
being prejudiced by any subsequent assignment, or the assigned
property being paid to the assignor or his representatives.
(1) See ante, p. 781.

No. L.

Mortgage of a Reversionary Interest in Bank
Annuities.

Variations where the Interest assigned is a Moiety or
other Share only of the whole.

MORTGAGES

Reversionary Interest in Bank Annuities.

bequeathing

in and by his last will (1) and testament bearing the property to

date the

year of, &c.

£

day of

the mortgagor

which was in the in reversion.

, gave and bequeathed unto (trustees)

and to the survivor of them,

three per cent. consolidated bank an

nuities, upon trust to pay and apply the interest,

*If brevity be particularly desired, those parts of the pre- Brevity. cedent included within brackets may be omitted.

(1) If the interest of the mortgagor arose under a marriage Marriage settlement, recite such settlement as ante, p. 883.

settlement.

MORTGAGES dividends, and yearly proceeds thereof, and of such other funds and securities to or upon which

Reversionary Interest in Bank Annuities.

Death of testator.

the same might at any time, and for the time
being being transferred or invested, unto

his wife and her assigns, during the time of her
natural life, for her and their proper use and
benefit, and from and after the decease of his said
wife, then in trust that they the said (trustees) and
the survivor of them, or the executors, admini-
strators, or assigns of such survivor should, and
he and they were thereby directed as soon as con-
veniently might be thereafter, to sell out and dis-
pose of the said sum of £
three per cent.

consolidated bank annuities, or other the funds
and securities upon which the same might be then
invested, and pay, apply, and dispose of the pro-
duce thereof, or the money to arise therefrom,
and the interest, dividends, and proceeds thereof
in the mean time, or at the discretion of them the
said trustees or trustee for the time being, assign
and transfer the said annuities, funds, and se-
curities, unto the said (mortgagor) his executors,
administrators, and assigns, for his and their own
proper and absolute use, benefit, and disposal, or
unto and for such other person or persons, and in
such manner and form as he the said (mortgagor)
his executors, administrators, or assigns, should
by writing under his or their hand or respective
hands direct or appoint. AND WHEREAS the said
(testator) departed this life on or about the
day of

without revoking or altering his said will, leaving the said (wife) him surviving, and

Reversionary Interest in Bank Annuities.

loan.

who is still living, and the said will was soon after MORTGAGES the decease of the said testator duly proved in the prerogative court of the Archbishop of Canterbury, by his executors therein named. AND WHEREAS the said (mortgagor) hath agreed with Agreement for the said (mortgagee) for the loan to him of the sum of £ (1) at interest, to be secured by the bond of the said (mortgagor) and such assignment by way of mortgage of the said reversionary interest in the said annuities so bequeathed to him expectant upon the decease of the said as hereinafter is expressed. AND WHEREAS the said (mortgagor) hath executed a bond (2) or obligation in writing, bearing even date herewith, unto the said (mortgagee) in the penalty of £ conditioned to be void on payment of the said sum of £ and interest at the time and in the manner hereinbefore mentioned. Now THIS IN- WITNESS, that DENTURE WITNESSETH, that for and in considera- tion of the tion of the sum of £ (3) of lawful money of that part of the United Kingdom of Great Britain and Ireland called England, the said (mortgagor) in hand well and truly paid by the said (mortgagee) at or before the sealing and delivery of

in considera

money lent,

(1) If the loan be of money in the funds, see ante, p. 65, Loan of stock. n. (3).

(2) See as to a bond, ante, p. 32, n. (1). And for the form Bond. of such bond, see WILDE'S SUPPLEMENT, voc. Bond.

(3) If the consideration be a transfer of money in the funds, Loan of stock. see ante, p. 66, n. (4).

Interest in Bank Annuities.

MORTGAGES these presents, the receipt whereof the said (mortReversionary gagor) doth hereby acknowledge, [and of and from the same, and every part thereof, doth acquit, release, exonerate, and for ever discharge the said (mortgagee) his executors, administrators, and assigns, by these presents, and by the receipt for the same sum hereupon indorsed] and which said sum of £ is the same sum of £ as is mentioned in the condition of the hereinbefore in part recited bond, HE the said (mortgagor) HATH granted, bargained, sold, assigned, transferred, and set over, and by these presents DоTH grant, bargain, sell, assign, transfer, set over, and confirm unto the said (mortgagee) his executors, administrators, and assigns, ALL that (1) the said sum of £ three per cent. consolidated bank annuities, and all and every other the funds and securities, or fund or security upon which the same, or any part thereof, now is, or hereafter shall or may be placed out or invested

the mortgagor assigns, &c.

the funds and securities.

Moiety, &c.

(1) If the mortgagor be entitled to a share or part only of the trust funds, say,

"ALL that the part, share, and proportion vested, contingent, reversionary, original, accrued, or otherwise of him the said (mortgagor) of and in ALL that the said sum of £ three per cent. consolidated bank annuities, so given and bequeathed by the said hereinbefore in part recited will of the said (testator) deceased, unto or in trust for such of his children as should be living at the time of the decease of his wife, (or as the case may be) and of and in the funds and securities," &c.