THOMAS SWANN, ESQUIRE, GOVERNOR. 265
held by the said. company, which shall have been
given thereto for premiums of insurance or for any
part or parts of said premiums, shall constitute
and be deemed a lien on any real estate which may
be insured in consideration or part consideration
of such notes, judgments or other evidences of debt,
which real estate shall be held liable for the full
and just payment of such notes, judgments or evi-
dences of debt, cither wholly or in part, at such
time or times as the President and Directors shall
demand, and of all legal charges that may be in-
curred in enforcing payment thereof, in case of
neglect or refusal to pay by the drawers of such.
notes or other evidences of debt, and any sale,
mortgage or transfer of such real estate subse-
quent to the execution of such notes, judgments
or other evidences of debt, and during the time
they are in existence shall not invalidate or preju-
dice the lien created thereon by the making and
delivery of such notes or other evidences of debt,
and such real estate shall only be released from
liability or lien thereon on full payment of such
notes or other evidences of debt or such part
thereof as may be demanded by the President
and. Directors of the said company, and the can-
celling of the insurance or insurances for which
they were given as premiums, under such regula-
tions as the President and Directors of said com-
pany may establish. |
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Sec. 10. And be it enacted. That in all cases
in which property may be insured under this Act,
and when the party insuring may have real estate,
the premium note which maybe executed by the per-
son insuring shall be secured byjudgment entered
up in a docket kept for that purpose in the office
of the Clerk of the Circuit Court for the county in
which said property insured, may be, which, said
party insuring shall either appear in person or
shall direct the Clerk by an instrument of writing,
signed by the paid party and attested by one wit-
ness, to enter up judgment for the amount of his,
her or their premium note, and which judgment
shall be a lien on the real estate of the party so
insuring, for entering up which judgement the
Clerk of the Circuit Court where such judgment
may be entered shall receive twenty-five cents and
no more, and in case losses shall be incurred by |
To be secur-
ed by judg-
ment, &c. |
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