(3) These mortgage and other software are going to be early in the day into the self-respect to all the then encumbrances, along with statutory liens, except landlords’ liens.

The fresh legend shall reveal the stated dominating amount owed upon readiness try a rough amount centered on particularly assumption; and you can

Record.–ss. step 1, dos, step three, ch. 20846, 1941; s. step one, ch. 28116, 1953; ss. step one, 2, ch. 61-135; s. 3, ch. 63-212; s. step 1, ch. 70-34; s. 11, ch. 83-267; s. 10, ch. 83-311; s. 215 loans in Old Hill, ch. 92-303; s. eight, ch. 96-210; s. 1761, ch. 97-102.

(1) People conveyance, duty conditioned or defeasible, statement out-of sales, and other means out-of writing communicating or promoting real property to own the point otherwise on intention of securing the newest fee away from currency, if or not particularly means try throughout the borrower towards collector or in the borrower to a few 3rd member of faith towards creditor, shall be considered and stored to-be a mortgage and you will shall feel at the mercy of the new conditions associated with the part.