New Hampshire Revised Statutes 477:38 – Continuance of Mortgage Lien
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Terms Used In New Hampshire Revised Statutes 477:38
- 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.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
After execution of the mortgage provided for in N.H. Rev. Stat. § 477:37, both parties to the mortgage may then execute and attach thereto the affidavit required by law to be attached to mortgages of personal property; said mortgage, consent and affidavit may then be recorded with the proper town clerk, as mortgages of personal property are required to be recorded; and thereupon the lien of said mortgage shall be extended to cover said trees after they are cut, and the lumber therefrom, as fully as though the same had been mortgaged as personal property after cutting.