Massachusetts General Laws ch. 260 sec. 35 – Mortgage defined; commencement of proceedings, prerequisites; application of Secs. 33 to 35
Section 35. For the purposes of this section and sections 33 and 34, the term ”mortgage” includes any deed of trust or other conveyance made for the purpose of securing performance of a debt or obligation, and no proceeding shall be considered begun until a memorandum, as required by section 15 of chapter 184, has been recorded in the registry of deeds for the county or recording district in which the real estate is situated. When any mortgage includes parcels in different ownerships at the time of recording of an extension, acknowledgment or affidavit the recording shall be sufficient only for the parcels which the owner or owners executing the extension or acknowledgment or named in the affidavit then appear of record to own. When the real estate is situated in more than 1 county or district, recording in any county or district shall be sufficient only for the real estate there situated. This section and sections 33 and 34 shall not revive, preserve or extend any mortgage otherwise ineffective nor affect enforcement of the debt or obligation otherwise than against the real estate mortgaged.
Terms Used In Massachusetts General Laws ch. 260 sec. 35
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.