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Session Laws, 1882 Special Session
Volume 418, Page 728   View pdf image (33K)
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LAWS OF MARYLAND.

 

Chapter 471.

 

AN ACT to repeal and re-enact the act of eighteen

 

hundred and seventy-two, chapter two hundred

 

and thirteen, entitled " An act to repeal section

 

second of article sixty-four of the Code of Public

 

General Laws," relating to mortgages, and to re-

 

enact the same with amendments.

 

SECTION 1. Be it enacted by the General Assem-

 

bly of Maryland, That section second of article

 

sixty-four of the Code of Public General Laws, as

Repealed and
re-enacted.

amended by chapter two hundred and thirteen of

 

the acts of eighteen hundred and seventy-two, be

 

and the same is hereby repealed and re-enacted so as

 

to read as follows:

 

SECTION 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

When not a
Hen.

that shall appear on the face of such mortgage, and
be specified and recited therein, and particularly

 

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 lien

 

or charge for any sum or sums of money to be

 

loaned or advanced after the same is executed ex-

 

cept from the time said loan or advance shall be

 

actually made; and no mortgage to secure such

When valid.

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 loss from being

 

endorser or security, 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 of malt

 

liquors; provided, however, that Baltimore and

 

Prince George's counties be excepted from said

Excepted.

amendment and repeal of section two of article

 

sixty-four, and that the said section of the said

 

article shall be and remain in force in the said

 

counties.

 

Approved May 3, 1882.



 
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Session Laws, 1882 Special Session
Volume 418, Page 728   View pdf image (33K)
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