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 7375339.2 (North Auckland Land Registry) dated the 17th day of May 2007 ("the mortgage") given by GERALD MURRAY SMITH and ROMANIUK LAW TRUSTEE COMPANY LIMITED ("the mortgagor") in favour of the mortgagee and affecting the land in certificates of title NA60C/558
and NA59D/6 (North Auckland Land Registry), being the properties known as 181 and 181A Orakei Road, Remuera, Auckland ("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 Jeff Cate, of Barfoot
& Thompson Limited, 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 23rd day of November 2010.