HERBERT R. O'CONOR, GOVERNOR. 355

officer thereof, a Federal Intermediate Credit Bank, or any
Institution which has made arrangements to discount there-
with, or to procure funds therefrom on the security of the obli-
gations of the borrower, and may secure the repayment of the
funds so borrowed, and/or any then existing or future in-
debtedness to such institution, by chattel mortgage upon per-
sonal property of any kind, character or description owned at
the time of the execution of the mortgage, or property of the
same class as is covered by the mortgage if acquired by the
mortgagor subsequent to the execution of the mortgage and
prior to its extinguishment, and/or upon any crop or crops,
annual or perennial, including fruit crops, grown or growing,
either already planted or to be planted and/or maturing
within one year from the execution of such mortgage. Such
mortgage shall be a lien upon the property therein described
from the time of the docketing of such mortgage as provided
for herein, which lien shall be good and valid against, and
superior to all rights of, subsequent creditors, purchasers,
mortgagees, and other lienors and encumbrancers, and any of
them, and for the purposes of this sub-title, all such property
shall be deemed to be personal property and mortgageable as
such.

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 "Credit Lien Book"; and shall alphabetically
index same therein, setting forth the date of the lien, the name
of the mortgagor and mortgagee, the amount advanced and
the limit thereof, and a brief description of the chattels de-
scribed therein and/or the crops affected, and the property on
which said chattels and/or crops are located.

No recordation, indexing or docketing other than docketing
and indexing under this section shall be necessary for the
validity of any mortgage or lien created under this sub-title.

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 mortgage, unless be-
fore the expiration of such term the mortgagee or someone in
its behalf shall file with the Clerk of the Court a statement con-
taining the names of the parties to the mortgage, the time and
place where docketed, and the amount then due thereon for