(a) Subject to subsection (b) of this section, any change or modification to a mortgage or deed of trust or to an obligation secured by a mortgage or deed of trust does not extinguish the existing lien of the mortgage or deed of trust or otherwise adversely affect the existing lien priority of the mortgage or deed of trust.
(b) If the change or modification to a mortgage or deed of trust or to an obligation secured by a mortgage or deed of trust increases the principal sum secured by the mortgage or deed of trust above the amount appearing on the face of the mortgage or deed of trust and expressed to be secured by it:
(1) The existing lien priority of the original mortgage or deed of trust shall continue as to the principal sum secured by the mortgage or deed of trust immediately preceding the change or modification; and
(2) The lien priority for the increase in the principal sum shall date from the date of the changed or modified mortgage or deed of trust.
Structure Maryland Statutes
Title 7 - Mortgages, Deeds of Trust, and Vendor's Liens
Subtitle 1 - Mortgages and Deeds of Trust
Section 7-102 - Necessity for Recitation of Secured Amount; Priority of Future Advances
Section 7-103 - Presumption of Ownership of Notes
Section 7-104 - Priority of Purchase-Money Mortgage or Deed of Trust
Section 7-105.1 - Residential Property Foreclosure Procedure; Mediation
Section 7-105.2 - Notice of Foreclosure -- Procedure
Section 7-105.3 - Notice and Disclosure Requirements for Foreclosure Sales
Section 7-105.6 - Interest Payable After Sale in Certain Counties
Section 7-105.7 - Secured Party May Purchase at Sale
Section 7-105.8 - Rights and Remedies as Between Purchasers and Tenants
Section 7-105.9 - Effect of Foreclosure on Annual Crops
Section 7-105.10 - Effect of Order for Resale on Default
Section 7-105.11 - Notice to Occupants of Residential Property in Foreclosure Action
Section 7-105.12 - Right to Collect Rent From Bona Fide Tenant in Possession
Section 7-105.13 - Certificate of Vacancy or Certificate of Property Unfit for Human Habitation
Section 7-105.14 - Internet-Based Foreclosed Property Registry
Section 7-105.15 - Foreclosure -- Legislative Powers Regarding Notice or Regulations
Section 7-105.16 - Foreclosure Sale of Residential Property
Section 7-105.17 - Motion for Deficiency Judgment
Section 7-105.18 - Expedited Foreclosure for Vacant and Abandoned Property
Section 7-106 - Releases; Continuation Statements
Section 7-107 - Payment of Property Taxes by Lender
Section 7-108 - Incorporation by Reference
Section 7-109 - Lenders Required to Disburse Certain Purchase Money Loans at Closing
Section 7-112 - Priority of Refinance Mortgage Over Junior Liens