Rbs The Royal Bank Of Scotland Plc - Mortgage Deed (Page 3 of 3) in pdf

Assignment

11 The Bank may assign this deed to any person who also takes an assignment of the Customer's Obligations. After

such assignment this deed shall remain a continuing security and shall be read as if the assignee was named in the

definition of "Bank" and the definition of "Customer's Obligations" shall include both the Customer's liabilities assigned

to the assignee and those incurred to the assignee after the date of such assignment.

Interpretation

12.1 The expressions "Customer" and "Bank" where the context admits include their respective successors in title and

assigns.

12.2 If two or more persons are included in the expression "Customer" then the use in this deed of the word "Customer"

shall refer to such persons both together and separately and the Customer's Obligations shall be their joint and several

obligations.

12.3 References to the "Property" include any part of it and the "Property" includes all covenants and rights affecting or

concerning the same. The "Property" also includes any share from time to time held by the Customer in any landlord or

management company of the Property.

12.4 Interest will be calculated both before and after demand or judgment on a daily basis and compounded monthly on

such days as the Bank may select.

12.5 Each of the provisions of this deed shall be severable and distinct from one another and if one or more of such

provisions is invalid or unenforceable the remaining provisions shall not in any way be affected.

of which this deed has been duly executed

In Witness

and

as a deed

Signed

Delivered

by the first named Customer: ......................................................................................................................................

in the presence of:

Witness' signature ......................................................................................................................................

Name in full

Address

Occupation

and

as a deed

Signed

Delivered

by the second named Customer: ......................................................................................................................................

in the presence of:

Witness' signature ......................................................................................................................................

Name in full

Address

Occupation

Please note: The Witness must not be a member of the Customer’s family or a joint account holder

I confirm that I am a Solicitor, Licensed Conveyancer or F.Inst.L.Ex. and that prior to the execution of this deed I

explained the nature, content and effect of this deed to the Customer who informed me that he/she/they fully understood

the same.

Solicitor's, Licensed Conveyancer's or F.Inst.L.Ex's. name in full

Signature

Firm

Address

Dated