93 (1) A registered owner may in the prescribed manner charge the land with the payment at an appointed time of any principal sum of money either with or without interest or as security for any other purpose and with or without a power of sale.  R.S.O. 1990, c. L.5, s. 93 (1). Statement of principal (2) A charge that secures the payment of money shall state the amount of the principal sum that it secures.  1998, c. 18, Sched. E, s. 135 (1). Effect of charge when registered (3) The charge, when registered, confers upon the chargee a charge upon the interest of the chargor as appearing in the register subject to the encumbrances and qualifications to which the chargor’s interest is subject, but free from any unregistered interest in the land.  R.S.O. 1990, c. L.5, s. 93 (3). Where advances under registered charge to have priority over subsequent charges (4) A registered charge is, as against the chargor, the heirs, executors, administrators, estate trustees and assigns of the chargor and every other person claiming by, through or under the chargor, a security upon the land thereby charged to the extent of the money or money’s worth actually advanced or supplied under the charge, not exceeding the amount for which the charge is expressed to be a security, although the money or money’s worth, or some part thereof, was advanced or supplied after the registration of a transfer, charge or other instrument affecting the land charged, executed by the chargor, or the heirs, executors, administrators or estate trustees of the chargor and registered subsequently to the first-mentioned charge, unless, before advancing or supplying the money or money’s worth, the registered owner of the first-mentioned charge had actual notice of the execution and registration of such transfer, charge or other instrument, and the registration of such transfer, charge or other instrument after the registration of the first-mentioned charge does not constitute actual notice.  R.S.O. 1990, c. L.5, s. 93 (4); 1998, c. 18, Sched. E, s. 135 (2). Bond mortgage may be registered as charge upon authorization of parties (5) An instrument in the nature of a deed of trust and mortgage that provides for the issuance of bonds or debentures may be registered as a charge upon the lands of the grantor, and the entry in the register shall state the aggregate principal sum and the rate of interest of such bonds or debentures.  R.S.O. 1990, c. L.5, s. 93 (5); 1998, c. 18, Sched. E, s. 135 (3). (6) Repealed:  1998, c. 18, Sched. E, s. 135 (4). (7) Repealed:  1998, c. 18, Sched. E, s. 135 (4). Cessation (8) A charge registered under subsection (5) may be discharged by a cessation in the prescribed form.  R.S.O. 1990, c. L.5, s. 93 (8). Debentures (9) A charge in the form of a debenture or similar instrument shall not be registered unless the name of the person entitled to receive the money payable thereunder and to give a discharge thereof is set out in the instrument.  R.S.O. 1990, c. L.5, s. 93 (9). Section Amendments with date in force (d/m/y) 1998, c. 18, Sched. E, s. 135 (1-4) - 18/12/1998 2012, c. 8, Sched. 28, s. 56 (1, 2) - see Table of Public Statute Provisions Repealed Under Section 10.1 of the Legislation Act, 2006 - 31/12/2022 94-98 Repealed:  1998, c. 18, Sched. E, s. 136 (1). Section Amendments with date in force (d/m/y) 1998, c. 18, Sched. E, s. 136 (1) - 18/12/1998 Note:  Despite the repeal of sections 94 to 98, sections 94, 95, 96 and 97, as they read immediately before December 18, 1998, continue to apply to a charge of registered land that was executed before September 6, 1984, in the case of land in the County of Oxford as it existed on December 31, 1980, or before January 17, 1985, in the case of land elsewhere in Ontario.  See:  1998, c. 18, Sched. E, s. 136 (2).