§ 34-25-2. Priority of future loan mortgages over encumbrances not previously recorded.
The mortgage and the rights established therein shall, to the extent of the loans secured thereby, and interest, taxes, insurance premiums, and other obligations secured thereby, have full priority over all mortgages, liens and encumbrances which have not been recorded prior to such recording of the mortgage deed except as otherwise hereinafter provided.
History of Section.G.L. 1938, ch. 442, § 20; P.L. 1952, ch. 3018, § 1; G.L. 1956, § 34-25-2.
Structure Rhode Island General Laws
Chapter 34-25 - Future Loans and After-Acquired Property
Section 34-25-2. - Priority of future loan mortgages over encumbrances not previously recorded.
Section 34-25-3. - Priority of attachment, execution, or lis pendens over subsequent loans.
Section 34-25-4. - Relinquishment of security as to additional loans — Stipulation as to amount due.
Section 34-25-5. - Mortgages to which §§ 34-25-1 — 34-25-5 apply.
Section 34-25-6. - Mortgagees authorized to take future loan mortgages.
Section 34-25-7. - Application of mortgages to after-acquired property of public utilities.
Section 34-25-8. - Open-end mortgages.
Section 34-25-9. - Form of open-end mortgage.
Section 34-25-10. - Priority of open-end mortgages over encumbrances not previously recorded.
Section 34-25-12. - Discharge of open-end mortgage.
Section 34-25-13. - Mortgages to which §§ 34-25-8 — 34-25-14 apply.
Section 34-25-14. - Mortgagees authorized to take open-end mortgages.