128B—Encumbrance of land
(1) If land is to be
charged with, or made security for, the payment of an annuity, rent-charge or
sum of money in favour of a person, an encumbrance in the appropriate form
must be executed by the registered proprietor and the person.
(2) This section only
applies to land intended to be charged or made security under this Act by the
registration of an encumbrance.