11. Except when otherwise specified in the printed notices of sale or by special notice of the Principal Land Registry Officer of the District at the time of sale all properties shall be offered for sale on the following conditions :-
(a) that the person declared to be the highest bidder shall immediately after the biddings have closed pay to the auctioneer-
(i) In respect of every lot the bid for which does not exceed ten pounds, the full amount bid;
(ii) In respect of every lot the bid for which exceeds ten pounds, one-fifth of the amount bid, but in no case less than ten pounds;
(iii) In the case where no such payment is required by the notice of sale, the amount due to the auctioneer, in respect of his fees, according to the scale in rule 15,
together with the amount of the fees payable in respect of the registration of the property in the name of the highest bidder.
Judgment creditors may be allowed to accept highest bidders as good for the amount bid, provided they produce to the auctioneer a statement in writing to that effect from the Principal Land Registry Officer of the District; [*112]
(b) that if the highest bidder shall fail to comply with the provisions of condition (a), the bidding shall thereupon be re-opened, and any loss which may result by reason of any subsequent highest bid falling short of the value of such original highest bid shall be made good by the original highest bidder, together with all expenses incurred in compelling him to make good the same;
(c) that the highest bidder shall attend at the Land Registry Office of the District not less than fifteen and not more than twenty-five days after the day of sale and will pay the balance of the purchase money, if any, or so much thereof as he may be required to pay;
(d) that the judgment creditor who has accepted a highest bidder as good for the amount bid shall attend at the Deputy Sheriff’s office not less than fifteen and not more than twenty-five days after the day of the sale and give a discharge receipt for the sums bid by such highest bidders ;
(e) that if the highest bidder shall fail to comply with the provisions of condition (c), any sum that has been paid by way of deposit shall be wholly forfeited and applied after deducting the auctioneer’s fees in liquidation of the claim in satisfaction of which the sale has been ordered; that the property may again be put up for sale in the same way as though no previous sale had taken place, to recover the balance still due, and that should the highest bid at the subsequent sale fall short of the amount bid by the highest bidder at the previous sale, the difference shall be made good by him together with all expenses incurred in respect of the subsequent sale and in compelling him to make good the difference.
(f) that, should the judgment creditor, who has accepted a highest bidder as good for the amount bid, fail to comply with the provisions of condition (d), he shall be liable to the same penalties as the highest bidder under condition (e);
(g) that the liability of the highest bidder or judgment creditor who accepts the highest bidder as good for the amount bid under the foregoing conditions shall not be in any way affected by reason of any proceedings that may be taken against him under the provisions of the Civil Procedure Law, Cap. 7.