Notice of Appointment of Receiver of Income
Pursuant to Section 6 (2) of the Receiverships Act 1993
Tea Custodians (Equitable) Limited ("the mortgagee") is the holder of a first registered mortgage granted by South Harbour Investments Limited ("the mortgagor") dated the 22nd day of September 1998, registered with the Registrar of Companies on the 2nd day of October 1998 and registered on the 8th day of October 1998 as D. 318713.3 ("the mortgage") over the land described and comprised in certificate of title 99D/476 (North Auckland Registry) ("the property").
The mortgagee hereby appoints, pursuant to the powers conferred by clause 6 (b) (iii) of the mortgage, Edwin George Burnett, property manager of Auckland ("the receiver"), upon the terms agreed between the mortgagee and the receiver, to be receiver of the income of the property charged by the mortgage with all the powers conferred by clause 6 (g) of the mortgage and by the Receiverships Act 1993 on receivers of income, but so that the receiver shall not be the agent of the mortgagee.
The Receiver's Postal Address is: Care of Dresden Properties Limited, Private Bag 92-142, Auckland.
Dated this 6th day of November 2000.