Page:United States Statutes at Large Volume 31.djvu/1323

 FIFTY-SIXTH CONGRESS. SESS; II. CE. 8.54. 1901. 1271 under the provisions of this chapter, to pass her estate and interest therein were she a party executing the deed of conveyance. Sec. 519. RECORD OF DEED AS Ev1DENGE.——The record and copy €,§§§{,’;§_°‘ d°"" °‘ thereof of any deed recorded, as mentioned in section five hundred and fifteen, shall be evidence thereof, in the same manner and shall have the same effect as if such deed had been originally executed, acknowledged, and 1`&S3£)1`(l€d according to law. d M h k I d DEC. 520. e acts of Con ress a rove 1 a t irt *—iirst, eighteen. A°’“°W.° gm°’%‘“ hundred and thirty-two, am? Aprilptowentieth, gightedn hundred and bnha;?I?JI12ii?$g1.lZi;iji thirty-eight, in reference to the acknowledgment and recording of ?,%,(i‘_Z?g_§;2}§?§gcIf,Xed deeds of lands sitrated in the District, shall be taken and construed as °*`*°°‘““’· cumulative with ; a acts of Maryland on the same subject in force in the District at the passage thereof, and an acknowledgment made and certified in compliance with any one of said acts, and before any officer authorized by e1ther of said acts to take an acknowledgment, whether in or out of the District, shall be good and effectual. SUBCHAPTER Two. MORTGAGES AND DEEDS OF TRUST OF REAL PROPERTY. delffdg §,§§r*§t"(§f $@3 roperty. Sec. 521. To BE RECORDED.—·MOTtgHg€S and deeds of trust to secure P T° be ’€°°'d€d· debts, conveying any estate in land, in order to be effectual, shall be executed and recorded in the same manner as absolute deeds; and they shall take effect and pass title to the property conveyed, both as between the parties thereto and as to others, bona fide purchasers and mortgagees and creditors, in the same manner and under the same conditions _ as absolute deeds. Sec. 522. ESTATE or *rRUsrrEE.———'I`he legal estate conveyed to a Estate Ot tmstttmortgagee, his heirs and assigns, or to a trustee to secure a debt, his heirs and assigns, shall be construed and held to be a qualified fee simple, determinable upon the release of the mortgage or deed of trust, as hereinafter provided, or the appointment of a new trustee by judicial decree for the causes hereinafter mentioned. Sec. 523. How TO BE REGoRDED.—It shall be the duty of the recorder H<>Wt¤t>*>¤¢¤¤*d¤d· of deeds to record all such mortgages and deeds of trust in the same manner as absolute deeds, and, after each mortgage, to leave a blank space wherein may be recorded any assignment or release of said mortgage. Sec. 524. ASSIGNEES.—·ThB assignee or indorsee of any note, bond, A“ig“°"S- or other instrument binding to the payment of money, secured by any mortgage or deed of trust, shall have the same benefit of said mortgage or deed of trust, and shall be entitled to the same remedies for enforcing or foreclosing the same that the original creditor named therein would have in the absence of any indorsement or assignment of the instrument secured. _ Sec. 525. Ass1GNMENT.—Wheney*er the note or notes, bond- or ·*“‘t=’“‘“"’“· bonds, or other instruments for the payment of money, secured by mortgage, shall be indorsed or assigned by the original creditor holding the same, the said mortgage may also be assigned by such creditor to any person holding the notes or other instruments secured thereby, and any such assignee of said mortgage may, in like manner, assign to others. - Sec. 526. The said assignment inay be written on the said mortgage 'f°““ °f· in the following or equivalent form: ` I hereby assign the within (or above) mortgage to _... . as security for the (here describe the instruments) therein mentioned, which is (or are) indorsed (or assigned) to him. Witness my hand and seal this day of .. . Witness: -—-— ———. [Seal.] '