HARRY HUGHES, Governor

3733

2.  Mechanic's liens, crop liens, or
security agreements relating to farm products or equipment
used in farming operations;

3.   Purchase-money mortgages;

4.  Assignments of mortgages or deeds
of trust;

5.  Conditional sales contracts,
other purchase-money security agreements or security
agreements relating to the assignment of contract rights,
accounts, general intangibles or inventory as those terms
are defined in the Uniform Commercial Code;

6.  A filed financing statement under
the Uniform Commercial Code used to publicize any of the
instruments listed in sub-subparagraph 5. of this
subparagraph;

7.   Judgments;

8.   Releases;

9.   Orders of satisfaction; or

10.  A participation agreement
showing an interest by a party in a note, mortgage or deed
of trust based on a prior recorded loan to the mortgagor or
grantor under a deed of trust.

(3) (I) EXCEPT AS OTHERWISE PROVIDED IN THIS
PARAGRAPH, THE RECORDATION TAX DOES NOT APPLY TO CONVEYANCES
TO:

1.  THIS STATE;

2.  ANY AGENCY OF THIS STATE; AND OR

3.  ANY POLITICAL SUBDIVISION OF THIS
STATE.

(II) THE RECORDATION TAX APPLIES TO

ANY (II) A LOCAL GOVERNING BODY, BY ORDINANCE OR
RESOLUTION, MAY APPLY THE RECORDATION TAX TO ANY MORTGAGE
MORTGAGES, DEED DEEDS OF TRUST, OR OTHER CONVEYANCE
CONVEYANCES THAT SECURES SECURE THE REPAYMENT OF ANY
INDEBTEDNESS, FUNDED IN ANY PART, DIRECTLY OR INDIRECTLY,
FROM THE PROCEEDS OF BONDS ISSUED UNDER ARTICLE 41, §§ 266A
ET SEQ. OF THE CODE (RELATING TO INDUSTRIAL BUILDINGS FOR
COUNTIES AND MUNICIPALITIES). IF THE LOCAL GOVERNING BODY
PASSES SUCH AN ORDINANCE OR RESOLUTION, THE TAX SHALL BE
APPLIED UNIFORMLY TO EVERY CONVEYANCE DESCRIBED IN THIS
SUBPARAGRAPH.