Upon production of a
memorandum signed by the mortgagee or annuitant or his transferees and
attested by a witness to the satisfaction of the Commissioner discharging the
land from the whole or part of the moneys or annuity secured or discharging
any part of the land from the whole of such moneys or annuity the Registrar
shall make an entry in the Register stating the time at which it was made that
such mortgage or charge is discharged wholly or partially or that part of the
land is discharged as aforesaid (as the case may be); and upon such entry
being made the land or the portion of land described in such memorandum shall
cease to be subject to or liable for such moneys or annuity or for the part
thereof mentioned in such entry as discharged.
[(a), (b) deleted]
[Section 123 amended: No. 81 of 1996 s. 70 and
145(1); No. 6 of 2003 s. 39; No. 21 of 2022 s. 26.]