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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 3367   View pdf image (33K)
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MONTGOMERY COUNTY. 3367

trustee or trustees, to be held by them in trust to secure a debt therein
described and commonly known as a deed of trust, shall be executed and
may be acknowledged and recorded in the same manner as an absolute-
deed; and shall be valid as a security for any debt mentioned and described
in said instrument. The Clerk of the Circuit Court of Montgomery County
shall be required to record deeds of trust in the same manner as that in
which absolute deeds are now recorded, and provided further that in
order to assign or transfer title to any evidence of debt secured by said
deed of trust it shall not be necessary to record any form of assignment
or transfer.

1927, ch. 493, sec. 184.

274. A release of a deed of trust may be made in the following form
or other like effect:

"For value received we or I, the trustee or trustees, named in the
within or above deed of trust, do hereby release the above or
within deed of trust, the note or notes secured thereby, having
been exhibited to us duly marked cancelled and paid.

Witness our hands or my hand, and seal or seals, this.......

day of.............. A. D........"

1927, ch. 493, sec. 185.

275. Such release may be written by the trustee or trustees upon the
record in the office of the Clerk of the Circuit Court for Montgomery
County where the deed of trust to be released is recorded and attested by
the Clerk of the Court; and the Clerk at the time of recording each deed
of trust shall leave a blank space at the foot thereof for the purpose of
entering such release.

1927, ch. 493, sec. 186.

276. Or such a release may be endorsed on the original deed of trust
by the trustee or trustees; and upon such deed of trust with the release
thereon endorsed, being filed in the office of the Clerk of the Circuit Court
for Montgomery County, the Clerk shall record such release at the foot,
of the deed of trust.

1927, ch. 493, sec. 187.

277. When the deed of trust with the release thereon is filed for the
purpose of recording the release, the Clerk shall retain such deed of trust
in his office and not permit the same to be again withdrawn; provided,
however, that if the release is partial in its character after the recording
of same, the Clerk may permit the deed of trust to be withdrawn.

1927, ch. 493, sec. 188.

278. Each release executed in either of the above modes shall be con-
strued and deemed sufficient to release said deed of trust as fully and ef-
fectually as any instrument of writing whatever could do.

 

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Code of the Public Local Laws of Maryland, 1930
Volume 377, Page 3367   View pdf image (33K)
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