Section 63

Subject to this Part and to any memorial of postponement in the Interim Register, replacement mortgages and charges relating to the same holding shall as between themselves rank according

52 Laws of Malaysia ACT 518

to the order in which the pre-existing mortgages and charges had priority under the Registration of Deeds Ordinance or the

Mutations in Titles to Land Ordinance; and subject to this Act and of any pre-existing agreement or law the first mortgagee so registered shall have the right to custody of the deeds relating to such holding.