CHAPTER 80

MORTGAGED PREMISES

AN ACT TO AMEND CHAPTER 21, TITLE 25, DELAWARE CODE OF 1953, CONCERNING THE RELEASE OF PART OF MORTGAGED PREMISES BY CHANGING THE EFFECTIVE DATE OF SUCH RELEASE.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. § 2110, Chapter 21, Title 25, Delaware Code of 1953, is amended by striking out all of said § 2110 and substituting the following:

§ 2110. Effect of release of part of mortgaged premises; acknowledgment and recording

The release by the mortgagee or his assigns, executed at the instance of the mortgagor, his heirs or assigns, of any part of the mortgaged premises, shall not be deemed or taken to operate as a release or discharge of any other part of the lands included in such mortgage, but such other lands shall be and remain subject to the lien of the mortgage, and execution may be had thereof in the same manner as if the mortgage had originally included only such lands. Every such release shall be under hand and seal, and shall be acknowledged in the same manner as provided by law for the acknowledgment of deeds, and shall become effective upon the date of filing in the office of the Recorder of Deeds in and for the County in which such lands so released are situated.

Approved May 20, 1953.