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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 2897   View pdf image (33K)
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318
Advances 01
mortgages.
Specifically
stated.
Proviso.
In force.
LAWS OF MARYLAND.
1
SEC. 2. No mortgage, or deed in the nature of a.
mortgage, shall be a lien or charge on any estate-
or property for any other or different principal
sum or sums of money than the principal sum
or sums that shall appear on the face of such mort-
gage, and be specified and recited therein, and par-
ticularly mentioned and expressed to be received-
thereby at the time of executing the same, and no
mortgage, or deed in the nature of a mortgage, shall
be a lieu or charge for any sun; or sums of money
to be loaned or advanced after the same is executed,.
except from the time said loan or advance shall be act-
ually made, and no mortgage to secure such future
loans or advances, shall be valid unless the amount or
amounts of the same, and the times when they are to
be made shall be specifically stated in said mortgages,.
this not to apply to mortgages to indemnify the
mortgagee against lose from being endorser or secu-
rity, nor to any mortgages given by brewers to
malsters to secure the payment to the latter of debts-
contracted by the former for malt and other material
used in the making malt liquors: provided, however,,
that Anne Arundel, Baltimore, St. Mary's and Prince
George's counties be excepted from the said amend-
ment and repeal of section two of article sixty-four,
and that the said section of the said article still be
and remain in force in the said counties.
SEC. 2. And be it enacted. That this Act shall take
effect from the date of its passage.
Approved April 1, 1872.

 

 
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Proceedings and Acts of the General Assembly, 1872
Volume 190, Page 2897   View pdf image (33K)
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