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Section 25
Attachment of mortgage rights to mortgaged property
(1) Only in the following cases, the right of mortgage is attached to the mortgaged property and such right can be exercised against the person giving the mortgage and the third party in relation to that property:- (a) When there is a mortgage agreement stating the details of the mortgaged property, (b) When the mortgagee gives the value to the person giving the mortgage. , and (c) if the mortgagee has the right over the mortgaged property or has the right to transfer such mortgaged property to the mortgagee. (2) Unless otherwise agreed upon, the attachment of the mortgagee's rights in the mortgaged property shall result in the mortgagee receiving benefits from such mortgaged property in accordance with this Act. Will provide mortgage rights.