Page:United States Statutes at Large Volume 44 Part 1.djvu/1557

 1543 ;·  Harte 4é.-. Qpayeer ‘25'.•-SHIP MORTGAGE ACT.- ·  DEIllINlTIONS See. · __ ‘ eu; words aad terms aeed la chapter. · RECGRMNG GF SALES, CONYMANQES, ,AND MORTGAGES OF. 1 V Q · VESSELS OF THE _UNITEg STATES · · 921. Sale, eeareyaaee, or mortgage of veaeel of United States; record. eee; Preterred mortgages. `_ · ‘ __ _ · “ era. Certlded copier of mortgage; exhibition. ·, _ . - 924. Prior and rahmqaéat maritime liens on mortgag veaeel. 925. Record et notice of claim of Bea on mortgaged vessel ;— discharge ' Mellen.-, `_,    ~ . 926. Coadltieaa precedent- to record: interest on preferred mortgage. * · · Ssfi'. Iaepectlea ot and copies {rom records; tees. - ‘ _O __ U 1 PENALTIES; _ 941.* Failure ot ‘mater to exhibit docamenta ;· unlawful acts by mort-` gagor; liability of collector ot customs. · _ ‘ " . FORldCLO$URE-GF PREFERRED MORTGAGES. I hdl. Idea of preferred mortgage; foreclosure; jurisdiction.} oprocedure. SSS. Receiver la foreclosure; poaeeesloa by marshal. .- 953. Preferred maritime lien.; priorities; other liens.  _ 95;. Salts la peraoaam la admiralt: on default;   · · h ·m.=xNs`FERS GFUMOBTGAGED UESSELS AND ASS1GNMENT.0F t “VESSEL HOSTGAGES t . · [ SG1. Sarreader of docamehta; termination of xnortgageew interest; ~ - sale ot mortgaged vessel. ” »   ' ' MARITIHE MENS FOB l~mC,ESSARIES_ ell.   entitled to liea. — — hw. Persons; authorised 0 to procure repairs, supplies, and neceaaarlcs. ‘ h'. Notice to person taraiahlng repairs, supplies, and neceasaries. _· ST4. Waiver of right to lien. - e · ( Q?5. State statutes aaperaeded. · MISCELLANEOUS PROVISIONS 931. Existing mortgages not aEected; ‘ 982. Books for collectors of cahtoms. _   · QSS. Hales and regulations by' Secretary ot Commerce. _ Sel. “Ship mortgage act.? V · · _ p QDEFINITIONUS __ _; ’ Section 911. Worda and terms aged in chapter;4-—When used. lathhla chapter--. ’ _ __ . X _ _, — (1) The term ," document i' includes registry and enrollment and lleehae; _ . ." 1 - _. (2) The term "‘ documented " means registered or enrolled 1 or liceased aader the larva of the United Statw, whether per- t hzaaeatly or temporarily;  ‘ "   ·   1 (3) The term “.port of documentation ’,", means the port at U rvlllch the jewel la documeated,.m·'accordaace with law; — (4) The terra *‘ vmael of the United States " {means any vm- p eel documented under the laws ot the United States and auch vessel shall be held to eon_tlm1e_ to  so documented until its ‘ doemaenta are surrendered with the approval of I the board; had"; _·-.5  ‘ ‘ _. "’ (5)· The term " mortgageef lh the lease of · a mortgage in- _ volving a truat deed and a ‘ bond, iaaue_-thereunder, means the trustee dgigaated in each deed. , (June 5, 1920, c.“250, 5 30, aubaee.'.lB,.§_41 Stat. 1000.) » ; ·. REQORDIN€§_ OF SALES,. CONVEYANCES. QAND Mél-lT—· ` GAGES GF VESSELS OF THE UNITED; STATES . 921. Silo, coaveyaaee, or mortgage- of weasel or United, States; rmrd.·-——-(a)· No sale, eoareyaece, or mortsase which, at the tlme    eomreyanm, or mortgage la   inclddea -a vessel ot the United Statm or any pordoa thereof. ae the whole or a;1;y°part·o?£'the  eold, eonveyed, or mortgmd ] . shall be valid, in respect to seth-ve. hay peraoa other than the graator or mrtgagor, his heir or GQYEQQ, and.

· a i- smppmo ‘ § 922 a personx hevizig actual notice thereof, until, such bill of oale, conveyance, or mortgage is recorded in the omxe of the collector oi customs. of the port of documentation of such vessel, as provided; iq subdivision- (b) of this _ subsection. _ I ·(b) Such collector of cristoms shell record. bills of sale, couveyances; and mortgages, delivere• o*’ himrin the order of their reception, in` books to be kept for that purgose and indexed to . ~ v _ I • _ F ‘. . ‘(1) The name of the vessel; _. I`. `- A (2)° The names of the partieswto the sale, conveyaxicp, or mortgage; ‘ _-. A _- _ A ·. "(3) The time and date of receptiop of the instrument; - _ $(4) The interest in, the wyessel so sold, conveyed, or hortgagedmmd —" · el- (5) _The amount and date of maturity of the mortgage. (June 5,.1920, c. 250,.} 30,`sobsec.-.0, 41 Stat. 1600.) e. .922. Preferred mortgages.——(a) A valid- mortgage which, at the time it io made includes the whole- of any vessel of the United States of 200' gross tons and upward, shall in addition have, in respect to such vessel and as ot the date ot the oem-. plinglcewith all the provisions ot_ this subdivision, the preferred —‘status given by the provisions of "subsectiou M, section 953, if-·— . · · ‘ . ·_ t (.1) The mortgage is indorsed op011_the‘ veseefs documents in accordance with the provisions of this- chapter V; · (2) *1‘l1e.·m0rtgage is recorded as provided in subsection C, section 921, togethexpwith the time and date when the mortgage t is so iudorsed ;_ » _ _ "` ‘  (3) An a@davit lis Bled 'witlr the record · of such mortgage i to the effect that the mortgage is made in good faith and without any design to hinder, delay; or defraud any. existing ‘ or future `creditor of the mortgégor or any Honor ot the mortgagedyessel; · _ ·~ __    _ _ (4) The mortgage does not stipulate that the mortgagee waives the fpreterred status thereof; end · _' » i (5) The mortgagee is a citizen of the United Stated _ (ba) Any mortgage which complies in respect to any vessel J with the conditions enumerated in thio subsection cis hereafter in this chapter called »a ‘_‘ preferred mortgage " gszto such vessel; (c) There shall be ihdorsed upon the documents of al vessel covered by o presented mortgege·~— ` ‘ . ._g · _ _ ‘(Q1) The names of the mortgagor and mortgagee; (2)` The time and date t.he—i11dorseme¤t is made; o " V (_3) The amount and {date of maturity ot the mortgage; and _· ’ (4) Any amount required to be lndorsed by the provisions of subdivision (e) _ or (1) - of this subsection. . ~ (·d)` Suéh indorsemeilt shell be made (1) b? the collector of ~ customs of the port ofdocumeotatiou of the mortgaged vessel, ’ im- (2) by the collector of customs of an? lmrt tin Whiéh the veséel is found, it such collector is! rooted to make the indorseméixt by the collector the port or documentation; ‘ and no clearance Shall be issued to the re@oI until- such to- · doroement is made. The collector of customs of the port ot. docomeutotio to  r give  ucl; directieoo by wire orfletter at the request of t r mort  s ;  ‘  ooogupoo the tender of the cost of communication d o  d  och direo ion. ’“?h€R€V€! any. new document is issued for the vesooljouch indoreoment shall be treme ferred to end iodorsed upooitlge new document by the-collector of customs. · a. " — — “ _. _ _ g (o) A morfgoge which iizckgae promrty other than Q. vessel ` ohqll not be held a preferred mortgage lmless the mortgage ` prorldeo for the seperate ·dlécherge of Such property by the ‘ éaymoxzt or a speci§ed portion of the mortgage indebtedness. It epreterred mortgage eo provides for the separate discharge, the amount of the portion of such payment stroll be iodorsed upon the documents oftlie vmsel. ‘ `· . l T “ _ r ‘ (f)-_ IL &_`i)1‘€f8I'1‘€d rnortgage includes more than 'oue ves.•sel ind `providoa for the separator dischar@_of. each vessel by the