Section 8141 – Time from which liens have priority
§ 8141. Time from which liens have priority. Liens against real property shall have priority over each other on the following basis: (1) Purchase money mortgages, from the time they are delivered to the mortgagee, if they are recorded within ten days after their date; otherwise, from the time they are left for record. A […]
Section 8142 – Endorsement of time
§ 8142. Endorsement of time. (a) Recorder of deeds.–The recorder of deeds shall endorse upon each mortgage and defeasible deed and on the record thereof, the time when each is left for record. (b) Recorded verdicts, etc.–The person who records a verdict or a judgment or other order rendered in open court shall endorse on […]
Section 8143 – Open-end mortgages
§ 8143. Open-end mortgages. (a) General rule.–Whether or not it secures any other debt or obligation, an open-end mortgage, other than a purchase money mortgage as defined in section 8141 (relating to time from which liens have priority), may secure unpaid balances of advances made after such open-end mortgage is left for record. The validity […]
Section 8144 – Mortgages to secure certain advances
§ 8144. Mortgages to secure certain advances. In addition to any other indebtedness, a mortgage may secure unpaid balances of advances made, with respect to the mortgaged premises, for the payment of taxes, assessments, maintenance charges, insurance premiums or costs incurred for the protection of the mortgaged premises or the lien of the mortgage, expenses […]