Deed charging crops

(1) A deed providing for advances to a person in possession of land or money or money’s worth which are expressed to be made on the security of growing or future crops of any kind on that land shall create a charge on the growing or future crops in favour of the person making such (2) Such deed shall be registered or recorded under the General Registry Act, Cap. 327, within one month from the execution thereof. (3) The person in whose favour the charge is created shall have a preferable claim upon the crops, whether growing or reaped and shall, upon failure of the person creating the charge to pay the sum charged on the crops after it has become due or breach of any of the provisions of the said deed, be entitled to apply to the court for an order for sale of the crops to recover the money advanced under the said deed and all interest and other sums agreed to be paid by the person creating the charge.