Appointment of Receiver of Income
Pursuant to Section 8(1)(b) of the Receiverships Act 1993
Trustees Executors Limited ("the mortgagee") is the mortgagee under Memorandum of Mortgage D562677.4 (North Auckland Land Registry) dated the 4th day of December 2000 ("the mortgage") given by JEWETT INVESTMENTS LIMITED ("the mortgagor") in favour of the mortgagee and affecting the land in certificates
of title NA133C/723, NA133C/703, NA133C/724 and NA133C/705 (North Auckland Land Registry), being the properties known as 12, 13, 15, and 17, 118-122 Beach Haven Road, Beach Haven ("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 Jerry Chen, of Barfoot
& Thompson Limited MREINZ, 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 25th day of November 2010.