Provisional registration of certain mortgages

Provisional Registration of mortgages stipulated for the payment of expenses for construction or repair or improvement of buildings, clearance of land, plantation, drying or draining of open land is also permissible provided the immovables to which the said expenses apply the amount of the same and the time limit for the performance of the contract are specified. § Sole paragraph - This registration shall be made on the face of the document of the respective contract and may be converted into final till the end of the stipulated period and even one month thereafter, based on the endorsement of the document proving that the contract has been performed by the contractor and the amount agreed and the part there of is still due to him. In the last case the amount due shall he declared and the registration shall be effective only in respect of the same.