Section 35

Where a registered mortgage is discharged, the Reg-istrar shall, on the production of the mortgage, with a re-ceipt for the mortgage money endorsed thereon, duly signed and attested, make an entry in the register book to the effect that the mortgage has been discharged, and on the entry being made the estate, if any, which passed to the mort-gagee shall vest in the person in whom (having regard to any intervening acts and circumstances, if any,) it would have vested, if the mortg.age had not been made.