Future Loans and After-Acquired Property
§ 34-25-2 Priority of future loan
mortgages over encumbrances not previously recorded.
The mortgage and the rights established therein shall, to the extent of the
loans secured thereby, and interest, taxes, insurance premiums, and other
obligations secured thereby, have full priority over all mortgages, liens and
encumbrances which have not been recorded prior to such recording of the
mortgage deed except as otherwise hereinafter provided.
History of Section.
(G.L. 1938, ch. 442, § 20; P.L. 1952, ch. 3018, § 1; G.L. 1956,