New Hampshire Revised Statutes 479:3 – Priority of Advances Under a Recorded Mortgage
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Terms Used In New Hampshire Revised Statutes 479:3
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Subject to the provisions on priority in N.H. Rev. Stat. § 447:12-a, a recorded mortgage takes priority as of the date of its recording as to advances or obligations thereafter made or incurred that do not exceed the maximum amount stated in the mortgage.