(1)  If the Recorder makes an order under section 91 , the Recorder shall on making the order make such recordings on the folio of the Register or registered dealing evidencing title to the mortgaged or encumbered estate or interest as are necessary to give effect to the order, and may call in the corresponding certificate of title, if any, grant, if any, or duplicate registered dealing, if any, and the duplicate mortgage or encumbrance, if any.

(2)  On the making of such recordings under subsection (1) as are necessary to give effect to an order under section 91 , the mortgaged or encumbered estate or interest shall cease to be charged with any money secured by the mortgage or encumbrance.