Notice of Appointment of Receiver of Income
Pursuant to Section 6 of the Receiverships Act 1993
Trustees Executors Limited (“the mortgagee”) is the mortgagee under memorandum of mortgage 7456153.4 (Otago Land Registry) dated the 12th day of July 2007 (“the mortgage”) given by FOREST PROPERTY LIMITED (“the mortgagor”) in favour of the mortgagee and affecting the land in certificate of title 331878 (Otago Land Registry), being the property known as Unit 4, 146 Anderson Road, Wanaka (“the land”).
The mortgagor is in default under the mortgage and the mortgagee is entitled to appoint a receiver of the income from the land or any part of it, upon such default.
The mortgagee hereby appoints Angela Cross, of Ray White Wanaka, to be receiver of the income of the land with all the powers conferred upon a receiver in terms of the mortgage and by the law.
The receiver shall at all times be the agent of the mortgagor and not of the mortgagee.
Dated this 29th day of June 2009.
This advertisement is inserted by:
GERARD JUSTIN TOEBES, Solicitor for Trustees Executors Limited.
Address for Service: Buddle Findlay, Level 17, State Insurance Tower, 1 Willis Street, Wellington.