140 CONVEYANCING. [ART. 24.

47. A mortgage of personal property shall be executed, acknow-
ledged and recorded as bills of sale.

48. A mortgage of personal property shall be deemed to contain
an implied covenant, (unless the contrary is therein expressed,)
by the mortgagor to pay the debt and interest specified in said
mortgage.

49. Mortgages of personal property shall be valid and take
effect, except as between the parties thereto, only from the time
of recording, and in case of more than one mortgage, the one first
recorded shall have preference.

50. Mortgages of personal property may be assigned and .
released in the same manner as mortgages of real property,
according to the rules hereinbefore prescribed for the assign-
ment and release of the same.

51. No bill of sale or mortgage of personal property shall be
valid, except as between the parties, unless the bargainee or
vendee or mortgagee, or some one of them, or the agent of some
one of them, shall make the affidavit required to be made by
mortgagees of real estate, and such affidavit may be made at any
time before recording, and before any person authorized to take
the acknowledgment of such bill of sale or mortgage.

FORMS OF CONVEYANCING.

52. The following forms shall be sufficient to convey real or
personal property:

Form of a Deed conveying a fee simple in real estate.

This deed, made this ———— day of ————, in the year —,—,
by me, (here insert the name of grantor,) witnesseth, that in
consideration of (here insert consideration,) I, the said ————,
do grant unto (here insert the name of grantee,) all that (here
describe the property.)
Witness my hand and seal
Test:
A.B.

[SEAL.]