Section Sch2-13-dup2 — Property Law Act 2007: Mortgagor’s liability for costs

13 Mortgagor’s liability for costs (1) The mortgagor will pay all costs and expenses of and incidental to the arranging and preparation of the mortgage and any variation or discharge of the mortgage or any transfer of the mortgage or the mortgaged goods instead of a discharge. (2) If and as often as the mortgagor fails to pay any amounts secured by the mortgage on the due date, or fails to perform or observe any covenant expressed or implied in the mortgage, the mortgagor will pay the costs of the mortgagee (as between solicitor and client) of and incidental to the enforcement or attempted enforcement by the mortgagee of the mortgagee’s rights, remedies, and powers under the mortgage. (3) The costs of the mortgagee under subclause (2) include the costs of giving or attempted giving of any notice required by the Property Law Act 2007 and the costs of inspection and valuation of the mortgaged goods.