Torrens II 1. Beth is the sole registered proprietor of a property in Darlington. She wants to start an online business and needs some start up funds. She approaches her friend Stavros for a loan. Stavros grants to Beth a written and signed mortgage over the property in exchange for $150,000.00. The mortgage is not registered. Beth's business ventures are not going as well as she hoped, so she wants to raise more money. She decides to rent out her property and move back in with her parents to save money. She enters into an oral lease at market rent with Pablo for a term of two years with no option to renew. Pablo immediately moves onto the property. Beth's businesses are failing and she is now drowning in debt. She has a bunch of creditors demanding payment, so she decides to sell the property and wants a quick settlement. Beth advertises the property for sale online. Martina, an international buyer, purchases the property on a whim after seeing the photos online - no inspection of the premises is carried out. Martina is not aware there is a mortgage to Stavros. Settlement is now complete. Registration has not yet occurred but is imminent. 1. What is your advice to Stavros, Pablo and Martina? 2. Would your advice change if Martina becomes registered? Explain your answer.

Please answer by steps: A.Key legal Issues and Facts B.Principles and Authorities C.Application Conclusions, Remedies and Advice