§ 34-11-24. Effect of assignment of mortgage.
An assignment of mortgage substantially following the form entitled “Assignment of Mortgage” shall, when duly executed, have the force and effect of granting, bargaining, transferring and making over to the assignee, his or her heirs, executors, administrators, and assigns, the mortgage deed with the note and debt thereby secured, and all the right, title and interest of the mortgagee by virtue thereof in and to the estate described therein, to have and to hold the mortgage deed with the privileges and appurtenances thereof to the assignee, his or her heirs, executors, administrators and assigns in as ample manner as the assignor then holds the same, thereby substituting and appointing the assignee and his or her heirs, executors, administrators and assigns as the attorney or attorneys irrevocable of the mortgagor under and with all the powers in the mortgage deed granted and contained.
History of Section.P.L. 1927, ch. 1056, § 15; G.L. 1938, ch. 436, § 14; G.L. 1956, § 34-11-24.
Structure Rhode Island General Laws
Chapter 34-11 - Form and Effect of Conveyances
Section 34-11-1. - Conveyances required to be in writing and recorded.
Section 34-11-1.1. - Signing and printing names.
Section 34-11-1.2. - Name and address of grantee — Recording.
Section 34-11-1.3. - Name and address of mortgagor and mortgagee — Recording.
Section 34-11-1.4. - Sale price recording.
Section 34-11-1.5. - Historical cemeteries.
Section 34-11-2. - Seal not required in conveyances.
Section 34-11-3. - Creation of co-tenancies by deed — Conveyances between husband and wife.
Section 34-11-4. - Delivery of conveyance sufficient to pass title.
Section 34-11-5. - Releases and discharges effective without seal.
Section 34-11-6. - Use of word “grant” not required.
Section 34-11-7. - Warranties and rights of reentry not implied.
Section 34-11-8. - Form of grants in tail.
Section 34-11-9. - Words importing failure of issue.
Section 34-11-10. - Takers not party to indenture — Conveyance purporting to be indenture.
Section 34-11-11. - Use of statutory forms.
Section 34-11-12. - Statutory forms set out.
Section 34-11-13. - Construction of terms.
Section 34-11-14. - Conveyances to which rules of construction apply.
Section 34-11-15. - Effect of warranty deed.
Section 34-11-16. - Meaning of warranty covenants.
Section 34-11-17. - Effect of quitclaim deed.
Section 34-11-18. - Meaning of quitclaim covenants.
Section 34-11-19. - Contents and effect of short-form mortgage deed.
Section 34-11-20. - Meaning of mortgage covenants.
Section 34-11-21. - Statutory mortgage condition.
Section 34-11-22. - Statutory power of sale in mortgage.
Section 34-11-23. - Mortgage to secure future loans.
Section 34-11-24. - Effect of assignment of mortgage.
Section 34-11-25. - Use of “assign” sufficient to transfer mortgage.
Section 34-11-26. - Use of word “grant” sufficient.
Section 34-11-27. - Words of inheritance not required — Fee simple presumed.
Section 34-11-28. - Rights, privileges, and appurtenances included in grant.
Section 34-11-29. - Newspapers eligible for publication of notice.
Section 34-11-30. - Validation of deeds executed under defective law.
Section 34-11-31. - Application of previous deeds to successors.
Section 34-11-32. - Application of covenants to successors in interest.
Section 34-11-33. - Liability on covenant against incumbrances.
Section 34-11-34. - Conveyances executed by attorney — Recording of power.
Section 34-11-35. - Delivery of recorded instrument, when presumed.
Section 34-11-36. - Defective acknowledgments.
Section 34-11-37. - Indefinite references to “trustee”.
Section 34-11-38. - Rule against perpetuities reform.
Section 34-11-39. - Penalty for sale of lands in West Warwick subject to sewer assessment.
Section 34-11-41. - Reimposition of restrictive covenants.
Section 34-11-42. - Transfer fees prohibited.