§34-25-2  Priority of future loan mortgages over encumbrances not previously recorded. –


Published: 2015

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TITLE 34

Property

CHAPTER 34-25

Future Loans and After-Acquired Property

SECTION 34-25-2



   § 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,

§ 34-25-2.)