742 ARTICLE 21

which the original mortgage is docketed, and such assignment shall, except
as to the parties thereto, take effect and be valid only from the time of
filing and noting as herein provided.

An. Code, 1924, sec. 54K. 1935, ch. 281, sec. 54K.

66. (Release.) Any chattel mortgage executed under and pursuant to
this sub-title may be released by an instrument in writing signed and
acknowledged by the mortgagee, or its assignee or its attorney, or the
duly authorized agent of such mortgagee, or assignee, and upon presentation
of such release in the office of the clerk of the court where the original
mortgage is docketed, the clerk shall index and file the same and note such
release and the date thereof on the date thereof ¹ on the margin of the page
of the book where the original mortgage is docketed, and when so noted
such release shall fully and effectually release the lien of said mortgage.

An. Code, 1924, sec. 54L. 1935, ch. 281, sec. 54L.

67. (Removal of Mortgaged Property; Extinguishment of Lien.)
The lien of the mortgage shall not be extinguished or impaired by the
removal of the mortgaged property from the county or city in which the
mortgage is docketed.

An. Code, 1924, sec. 54M. 1935, ch 281, sec. 54M.

68. (Default.) Upon default of any of the terms and provisions of
any mortgage executed in accordance with the provisions of this sub-title,
the mortgagee shall have the right without process of law immediately to
take possession of the mortgaged property and do all things necessary to
preserve same, and any expense incurred in connection therewith shall be
included in and secured by the lien of said mortgage.

An. Code, 1924, sec. 54N. 1935, ch. 281, sec. 54N.

69. (Foreclosure and Power of Sale.) In addition to any other meth-
ods of foreclosing chattel mortgages under the laws of this state, chattel
mortgages executed under and pursuant to this sub-title may be foreclosed
in the manner provided for in said mortgage. Where such mortgage con-
tains a power of sale the same may be foreclosed upon compliance with
the provisions of sale as set out in said mortgage; provided all sales are
made at public auction.

An. Code, 1924, sec. 54-0. 1935, ch. 281, sec. 54-O.

70. (Construction and Effect.) This sub-title shall be liberally con-
strued to effectuate the purpose hereof and substantial compliance here-
with shall be sufficient hereunder. The provisions of this sub-title, so far
as the same are applicable, shall govern and control chattel mortgages given
under and pursuant hereto. If any provision of this sub-title, or the
application thereof to any person or circumstances, is held invalid, the
remainder of the sub-title, and the application of such provisions to other
persons or circumstances, shall not be affected thereby. All laws or clauses
of laws in conflict herewith are hereby repealed.

¹ The act reads this way.