57. Besides the amount due on any loan, the Board may recover from the debtor, or any person acting on his behalf-
| (a) all moneys expended by the Bank, in accordance with the covenants contained in the mortgage bond executed, by the person to whom the loan was granted, in., the payment of premiums and other charges in respect of any policy of insurance effected on the property mortgaged to the Bank, and in the payment of all other costs and charges authorized to be incurred by the Bank, under the covenants contained in such mortgage bond and executed by the debtor; |
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| (b) the costs of advertising the sale and of selling the mortgaged property; and |
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| (c) in any case where the property mortgaged as security for the loan consists of the interest of the debtor under a lease from the State, and such property has been surrendered to the State in accordance with the provisions of section 63, all moneys paid to the State by the Board on such surrender as moneys due to the State by the debtor under the said lease : |
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Provided that the costs incurred under paragraph (b) shall not exceed such percentage of the loan as may, from time to time, be fixed by resolution of the Board. |
Sri Lanka Consolidated Acts