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specified life events

  1. 133(a) the death of the customer; or
  2. (b) the customer leaves the mortgaged land to live elsewhere and has no reasonable prospect of returning (for example, by moving into residential care); or
  3. (c) the customer acquires another dwelling for use as his main residence; or
  4. (d) the customer sells the mortgaged land; or
  5. (e) the lender exercises its legal right to take possession of the mortgaged land under the terms of the contract.