Public Trustee v Mortleman - [1928] NZLR 337

Mortgage — Sale of Mortgaged Property by Mortgagors — Subsequent Memorandum of Extension of Term of Mortgage — Increase of Principal Sum and Rate of Interest entered into between Purchasers and Mortgagee — Consent by Original Mortgagors that Memorandum not to affect their Liability under Original Mortgage — Exercise of Power of Sale by Mortgagee — Original Mortgagors still liable on Personal Covenant in Mortgage — Effect of Memorandum of Variation on Personal Covenant — Land Transfer Act, 1915, s 104.