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Is a mortgager bound by the (fraud) mortgage if it is drafted as an all advances mortgage, and therefore does not state that it secures

Is a mortgager bound by the (fraud) mortgage if it is drafted as an "all advances" mortgage, and therefore does not state that it secures repayment of the principal sum but instead it states that it secures repayment of advances to be made to the mortgagor"from time to time"?

(Note: The mortgage would be registered against the Land Transfer title for the property)

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