HARRY HUGHES, Governor

2911

original statement is continued for 12 years after the last
date to which the filing was effective whereupon it lapses
in the same manner as provided in subsection (2) unless
another continuation statement is filed prior to such lapse.
Succeeding continuation statements may be filed in the same
manner to continue the effectiveness of the original
statement. Unless a statute on disposition of public
records provides otherwise, the filing officer may remove
the record of a lapsed statement from the files and destroy
it[.] IMMEDIATELY IF HE HAS RETAINED A MICROFILM OR OTHER
PHOTOGRAPHIC RECORD, OR IN OTHER CASES AFTER 6 YEARS AFTER
THE LAPSE.

(4)  Upon presentation of such a financing or
continuation statement, or any amendment thereof to the
filing officer, other than one relating to fixtures under §
9-401(l)(a), he shall mark it with an identifying file
number and with the date and hour of filing and give a
receipt therefor and he shall record same in the financing
records for public inspection. In addition the filing
officer shall index such a financing or continuation
statement alphabetically according to the name of the debtor
and shall note in such index the name of the secured party,
the identifying file number, the liber and folio number of
the record reference of such financing or continuation
statement, and the date of filing. It shall not be
necessary to index such statement according to the name of
the secured party. The index shall also contain sufficient
space for the noting therein of an amendment, assignment,
termination or release relating thereto and with respect to
any amendment of a financing statement or a continuation
statement the fact of such amendment shall be noted in the
index of the statement being amended with the record
reference of such amendment. After recording such
statement, or amendment, the original shall be delivered or
mailed to the secured party or his agent whose name and
address for purposes of delivery shall be indicated on the
statement or amendment. With respect to a financing or
continuation statement or any amendment thereof, relating to
fixtures, same shall be indexed and recorded among the land
records as a mortgage effecting an interest in land.

(5)  The uniform fee for the filing, indexing,
furnishing a receipt for such filing, and recording for a
financing statement, or for a continuation statement, or for
any amendment thereof, whether recorded in the financing
records or the land records, shall be the amount determined
under § 7-202 of the Courts Article.

(6)  IF THE DEBTOR IS A TRANSMITTING UTILITY
(SUBSECTION (5) OF § 9-401) AND A FILED FINANCING STATEMENT
SO STATES, IT IS EFFECTIVE UNTIL A TERMINATION STATEMENT IS
FILED. A REAL ESTATE MORTGAGE WHICH IS EFFECTIVE AS A
FILING AS TO COLLATERAL WHICH IS OR IS TO BECOME FIXTURES
UNDER SUBSECTION (6) OF § 9-402 REMAINS EFFECTIVE UNTIL THE
MORTGAGE IS RELEASED OR SATISFIED OF RECORD OR ITS
EFFECTIVENESS OTHERWISE TERMINATES AS TO THE REAL ESTATE.