§ 34-25-3. Priority of attachment, execution, or lis pendens over subsequent loans.
If, after the recording of the mortgage, any writ of attachment attaching the real estate mortgaged under the mortgage or any execution against the real estate or any notice of lis pendens affecting the real estate is recorded in the records of the city or town, loans on the security of the mortgage, made after the attachment, execution or lis pendens becomes so of record, shall not have priority over the attachment, execution or notice of lis pendens, except that loans which the mortgagee at or before the recording of the mortgage made or agreed with the mortgagor to make on the security of the mortgage and additional loans made on the security of the mortgage pursuant to the provisions of §§ 34-25-1 — 34-25-5 prior to such recording of the attachment, execution or lis pendens, together with interest thereon, and the taxes, insurance premiums and obligations of the mortgagor as the mortgagee has agreed, or which the mortgagor has given the mortgagee the right, to pay in connection with the mortgage, shall continue to have priority over the attachment, execution or lis pendens.
History of Section.G.L. 1938, ch. 442, § 20; P.L. 1952, ch. 3018, § 1; G.L. 1956, § 34-25-3.
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.