Section Sch2-4-dup2 — Property Law Act 2007: Repairs and replacement

4 Repairs and replacement The mortgagor will— (a) keep and maintain the mortgaged goods in the same order as they are in at the date of the mortgage; and (b) repair any damage to the mortgaged goods; and (c) replace, with other goods of similar nature and value, any of the mortgaged goods that may be destroyed or lost, or may cease to exist; and (d) if required by the mortgagee, execute any mortgage that may be necessary to give the mortgagee security over the replacement goods referred to in paragraph (c).