Section Sch2-6-dup2 — Property Law Act 2007: Observance of covenants under prior mortgages

6 Observance of covenants under prior mortgages (1) If, and to the extent that, the security for the payment of amounts or the performance of obligations under any other mortgage or encumbrance over the mortgaged goods has priority over the present mortgage, the mortgagor will— (a) duly and punctually pay all of the principal amount, interest, and other amounts secured by that mortgage or encumbrance; and (b) duly perform and observe all the covenants and conditions contained or implied in that mortgage or encumbrance. (2) To the extent that the mortgagor complies with the provisions of any mortgage or encumbrance referred to in subclause (1) that relate to the duty to insure against loss or damage by fire or other cause, that compliance is compliance also with any like duty to insure contained or implied in the present mortgage.