|
CONVEYANCING . 741
An. Code, 1924, sec. 54G. 1935, ch. 281, sec. 54G.
62. (Docketing.) (1) Any chattel mortgage given under and pursuant
to this sub-title, or instrument intended to operate as such, shall be filed
in the office of the Clerk of the Circuit Court for the county in which the
chattels or crops are located; and if in Baltimore City, in the office of the
Clerk of the Superior Court. The Clerk shall docket such instrument
when presented to him for that purpose, in a well bound book to be known
as "Federal Farm Credit Lien Book"; and shall alphabetically index
same therein, setting forth the date of the lien, the name of the mort-
gagor and mortgagee, the amount advanced and the limit thereof, and a
brief description of the chattels described therein and/or the crops affected,
and the property on which said chattels and/or crops are located.
(2) Every assignment made of any instrument executed under and
pursuant to this sub-title may be filed in the office of the Clerk where the
original instrument is docketed; and when any such assignment is pre-
sented for filing the said Clerk shall enter upon the margin of the page on
which is docketx the original instrument, the name of the assignor and
assignee and the addresses of each, the date of the execution of the assign-
ment and the amount of the debt as of the date of the assignment and the
date of filing thereof.
An. Code, 1924, sec. 54H. 1935, ch. 281, sec. 54H.
63. (Fees.) The clerks of the courts are entitled to receive for services
hereunder, the following fees: For docketing and indexing each mortgage,
fifty cents; for certified copies of each instrument where the copy to be
certified is prepared by the person requesting certification, twenty-five
cents; for certified copies of each instrument where the copy to be certified
is not so furnished, twenty-five cents, and in addition ten cents for each
one hundred words copied; for marginal releases, twenty-five cents, and
for marginal assignments, twenty-five cents.
An. Code, 1924, sec. 54-I. 1935, ch. 281, sec. 54-I.
64. (Renewal.) A chattel mortgage executed under and pursuant to
this sub-title shall be invalid as against creditors, purchasers, mortgagees,
and other lienors and encumbrancers after the expiration of a period of
five years, reckoning from the time of the docketing of said chattel mort-
gage, unless before the expiration of such term the mortgagee or someone
in its behalf shall file a statement containing the names of the parties to
the mortgage, the time and place where docketed, and the amount then due
thereon for principal and interest, in which case the lien of the mortgage
shall be extended for five years from and after the date of the filing of said
statement. The officer filing the statement shall be entitled to the same
fee as in the case of the docketing and entry of chattel mortgage, and he
shall likewise enter it in the "Federal Farm Credit Lien Book."
An. Code, 1924, sec. 54J. 1935, ch. 281, sec. 54J.
65. (Assignments.) Any mortgage executed under and pursuant to this
sub-title may be assigned by an instrument in writing signed and ac-
knowledged by the mortgagee, its agent, attorney or assignee, and upon
presentation of such assignment to the clerk of the court in the office in
1 Evidently a typographical error.
|
 |