which the mortgagor resides, or, if it is a corporation, where it has its place of business, or if he is a non-resident, or resides in an unorganized place in the State, in the registry of deeds in the county where the mortgagee resides. After condition broken, the mortgagee or his assignee may give the mortgagor written notice of his intention to foreclose, by leaving a copy thereof with the mortgagor, or if he is absent from the State, by leaving such copy at his last and usual place of abode, or by publishing a copy once a week, for three successive weeks, in one of the principal papers of the town where the mortgage is recorded. The notice, with an affidavit of service, or copy of the publication, must be recorded where the mortgage is recorded, and all right of redemption is forfeited in sixty days after such notice is recorded. If the mortgagee is a non-resident, he must record with such notice his appointment of an agent in the same town, to whom tender or payment may be made.

MARYLAND.- Mortgages and bills of sale must contain the names of the parties, the consideration, and a description of the property mortgaged, and an affidavit by the mortgagee that the consideration named is true and bona fide as set forth, they must be signed, sealed, dated, and acknowledged, and recorded, in the county or city where the vendor resides within twenty days after the date of the mortgage. The mortgage may be foreclosed by sale under the supervision of a court of equity.

MASSACHUSETTS.-Chattel mortgages need not be under seal nor ac knowledged. They must be recorded within fifteen days after date on the records of the city or town where the mortgagor resides, and also in the city or town in which he principally transacts his business. If a non-resident, the mortgage must be recorded in the city or town where the property is. If it requires to be twice recorded, the second record will be good if made within ten days after the first. A record not made within the time specified is of no effect. The mortgagee or his assigns, after condition broken, may give to the mortgagor written notice of his intention to foreclose the same, which notice shall be served by leaving a copy with the mortgagor, or person in possession of the property claiming the same, or by publishing It at least once a week, for three successive weeks, in one of the principal newspapers published in the town or city where the mortgage is properly recorded, or where the property is situated. The notice, with an affidavit of service, shall be recorded wherever the mortgage is recorded. Unless the mortgagor tenders payment of the amount due within sixty days after such record the right to redeem will be foreclosed. If the mortgage contain a power of sale, the property may be sold in accordance with its terms.

MICHIGAN.-If not accompanied by delivery of the property mortgaged, the mortgage or a copy thereof must be recorded in the office of the clerk of the city or town where the mortgagor resides, or, if he be a non-resident, where the property is, and, within thirty days before the expiration of each year, the mortgagee must file an affidavit setting forth his interest in the property. There are no statute provisions in regard to foreclosure. Each mortgage should contain provisions as to its own foreclosure, which will be carried into effect. In the absence of such provisions, foreclosure will be by proceedings in chancery. A mortgage may be made to cover goods purchased to replace the stock originally mortgaged.

MINNESOTA.- The mortgage must be made in good faith and not for the purpose of hindering, delaying, or defrauding creditors. It must either be attested by two witnesses, acknowledged and recorded in the registry of deeds of the county where the mortgagor resides, or if a non-resident, where the property is situated, otherwise the mortgagee must have immediate possession and maintain such possession until the debt is paid. The lien con tinues for six years from the date of filing, or, if debt is not then due, for two years after maturity. Mortgage of exempt property must be executed by both husband and wife. Foreclosure must be by public sale in the county where the property is or the mortgage filed. Notice of sale containing names of mortgagor, mortgagee, and assignee, of any, date of mortgage, nature of default and amount due, description of the property, time and place of sale and name of person foreclosing, must be served upon person in possession of the property and mortgagor, if in the county, and posted in three public places in the county at least ten days before the sale. Person foreclosing must within three days after sale file in the office where the mortgage is filed a report, under oath, of foreclosure proceedings, specifying property sold, amount received, account of costs and expenses and of the disposition of proceeds and amount applied on mortgage debt. Property sold may be redeemed within two days after sale.

MISSISSIPPI.-Mortgages of personal property must be acknowledged, and recorded in the office of the clerk of the court of chancery for the county where the property is, and are notice to third parties from the date of record. The mortgage should contain provisions as to foreclosure, sale, etc., and may be foreclosed in accordance with the terms expressed in the same.

MISSOURI.- Mortgages are usually in form of deed of trust with power of sale. Unless the property is delivered, the mortgage must be acknowledged or proved and recorded in the county where the mortgagor resides, or, if he be a non-resident, where the property is. Mortgages with power of sale may be foreclosed in accordance with such power, and such sale bars the right of redemption. All mortgages in which the debt, exclusive of interest does not exceed one hundred dollars, may be foreclosed by sale of the property by the mortgagee, he first giving sixty days' notice after default that the property will be sold, and thirty days' notice of the time and place of sale. All other mortgages may be foreclosed by petition to the circuit court. There can be no foreclosure if note is barred by limitation.

ΜΟΝΤΑΝΑ. A chattel mortgage must be accompanied by an affidavit of the parties that it is made in good faith to secure the amount named therein, and without design to hinder or delay creditors, and must be acknowledged and filed in the office of the county clerk of the county where the property is situated, and is good for two years and sixty days from the date of filing, but may be renewed for three years by filing an affidavit showing date of mortgage, names of mortgagor and mortgagee, date of filing, amount of debt secured and amount then due, and that mortgage was not made or renewed to hinder, delay, or defraud creditors or subsequent mortgagees. Foreclosure is the same as in the case of mortgages of real property, but the mortgage may contain a clause authorizing the sheriff to sell the property on default, in which case he may sell in the manner specified in the mortgage without further legal proceedings.

NEBRASKA.- The property must be delivered, or else the mortgage, or a topy, filed in the office of the county clerk of the county where the mortgagor resides, or, if he be a non-resident, where the property is situated, and ceases to be valid as against creditors, etc., after five years from date of filing. A mortgage with power of sale may be foreclosed by giving at least twenty days' notice of the time and place of sale. The notice shall specify the mortgage, parties, the amount due, and description of the property, and time and place of sale, and shall be published in some newspaper in the county where the property is, or, if no newspaper is published in said county, then by posting up notice in at least five public places in the county, two of which shall be in precinct where sale is to take place. The sale shall be by public auction. If the mortgage contains no power of sale, it may be foreclosed by action. Mortgage of household goods must be signed and acknowledged by both husband and wife.

NEVADA.- Chattel mortgages are allowed for sums not less than one hundred dollars. Unless property is delivered to mortgagee, the mortgage must be recorded in the office of the recorder of county where the mortgagor resides and also where property is situated and be accompanied by affidavit of both parties that mortgage is made in good faith for debt actually owed by mortgagor, the amount and character of debt, and that same is not made to hinder, delay, or defraud creditors. Foreclosure is by action and decree for sale of property.

NEW HAMPSHIRE.- Possession must be delivered to and retained by the mortgagee, or the mortgage recorded with the clerk of the town where the mortga gor resides, or if the mortgagor resides out of the State, in the town where the property is situated. Both parties must make affidavit that the mortgage is made in good faith, and to secure an existing debt. The mortgagee, at any time after thirty days from the time the condition is broken, may sell the mortgaged property at auction, notice of the time, place, and purposes of the sale being posted at two or more public places in the town in which the sale is to be, at least four days prior thereto. The mortgagee shall notify the mortgagor at least four days prior to the sale. He may purchase at such sale, and the mortgagoi may redeem at any time before the sale.

NEW JERSEY.-Unless accompanied by delivery of the property, the mort gage must be acknowledged and it or a copy thereof, together with an affidavit of the holder of the mortgage, stating the consideration, and, as nearly as possible, the amount due and to become due thereon, must be filed in the clerk's office for the county where the mortgagor resides, or, if he is a non-resident, in the county where the property is. If there is a registry of deeds in the county, the mortgage must be filed in such registry. After acquired property may be included in the mortgage. Foreclosure is usually enforced by sale conducted in the same manner as sales of personal property taken under execution. Foreclosure may also be made by suit in equity. Five days' notice in writing, stating amount due, must be given before foreclosure of mortgage on household goods.

NEW MEXICO.-A mortgage of personal property must be acknowledged and recorded in the office of the recorder of the county where the property is situated: and every year thereafter, within thirty days of the expiration thereof the mortgagee must file with the mortgage an affidavit showing his interest in the mortgaged property, and the amount due thereon. After condition broken, the mortgagee may sell

the property, or so much thereof as may be necessary, after publishing notice of sale for four weeks in newspaper in the county where the property is situated.

NEW YORK. The mortgage, or a true copy, must be filed in the office of the city clerk of the city or town where the mortgagor resides, or, if a non-resident, where the property is, unless the office of the county clerk or register is in such city or town, in which case it must be filed therein; and every year, within thirty days before the expiration of the same, the mortgagee must file a copy of the mortgage and an affidavit showing his interest in the property, or a statement describing the mortgage, the date and place of record, and the interest of the mortgagee therein. The mortgagee may take possession of the property after condition is broken, and sell the same either at private sale or by public auction. It is customary to give three day's public notice if the sale is by auction, and the mortgagor may redeem at any time before the sale, but not after. If the mortgage contains terms of provisions as to foreclosure, sale, etc., the foreclosure will be governed by them. Mortgage on canal craft must be filed in comptroller's office and is valid as long as debt is enforcible.

NORTH CAROLINA. Mortgages and conditional sales are not valid unless recorded in the county where the mortgagor resides, or, if he is a nonresident, in the county where the property is. On breach of condition, if the mortgage contain a power of sale, the mortgagee may proceed to sell at auction, first giving twenty days' notice at the court-house door as well as in the manner prescribed by the mortgage itself; or the foreclosure may be made by suit in court. If household furniture be mortgaged mortgagor's wife must join.

NORTH DAKOTA.- Unless the mortgagor's acknowledgment is taken, a chattel mortgage must be in writing subscribed by the mortgagor in the presence of two witnesses, who must sign as such, and be recorded in the office of the register of deeds of the county in which the property is situated and is good for three years. Mortgagee must give mortgagor a copy, and receipt for same must be filed with mortgage. A proviso that the mortgage shall cover after acquired property is valid. It may be renewed within ninety days before expiration of three years from date of filing by filing in the office of the register of deeds a copy of the mortgage with a statement of the balance then due, subscribed and sworn to by mortgagor or his agent or attorney. Foreclosure by action, or, if containing, a power of sale, by public sale on six days' notice if published in a newspaper, or ten days if posted. By giving notice at sale mortgagor may redeem in five days.

OHIO. If the property is not delivered, the mortgage is absolutely void, unless it, or a copy is deposited with the county recorder of the county where the mortgagor resides, or if he is not a resident, then of the county wherein the property is situated when the mortgage is executed, to be kept by him for the inspection of all persons interested, or to be recorded. The mortgagee must file with the mortgage a statement, under oath, of his claim in dollars and cents, and that it is unpaid; and a copy of the mortgage and an affidavit showing mortgagee's present interest must be filed within thirty days before the expiration of every three years thereafter. There are no provisions in regard to foreclosure of chattel mortgages as distinguished from others. Any provisions in the mortgage would be carried into effect. The mortgagor is entitled to possession and use of the property. After acquired property must be reduced to possession by the mortgagee in order to be covered by the mortgage.

OKLAHOMA. - Mortgage must be signed by mortgagor in presence of two witnesses, and it or a true copy must be deposited in office of register of deeds of county where mortgagor lives or if a non-resident, in county where the property is, or it may be acknowledged and recorded. If merely

filed it is good for only three years from date of filing, but may be extended by filing within thirty days before the expiration of the three years a copy of mortgage and affidavit of amount still due. Foreclosure may be by suit, or, under certain conditions by sale after ten days' notice.

OREGON. - Mortgages of personal property must be executed, acknowledged, and recorded in the same manner as conveyances of real estate (see Deeds). Every such mortgage is void against subsequent purchasers in good faith, unless there has been immediate delivery and a change of possession, or unless it has been duly recorded. After condition broken, the mortgagee is entitled to possession, and he may recover the same by suit. The mortgage may provide how it shall be foreclosed, in which case that method, and no other, shall be followed. In the absence of any other provision, foreclosure is by action, but where the consideration is less than five hundred dollars, the property may be sold by a sheriff or constable on the written request of the mortgagee.

PENNSYLVANIA. - Leases of collieries, manufactories, mines, and other premises with the buildings and machinery, may be mortgaged, also iron ore, manufactured iron, boilers, engines, oil, gas, and artesian well supplies, petroleum, roofing and manufactured slate, asphaltum, and cement,in these latter cases for sums not less than one hundred dollars,- provided the mortgage is recorded in the same manner as deeds of real estate. With these exceptions, no mortgages of personal property are authorized by statute. The mortgage must be made in form prescribed by statute, and properly acknowledged and recorded. Loans on personal security are mere pledges, and the lender must take possession of the property pledged.

RHODE ISLAND.-Unless the property is delivered to the mortgagee, the mortgage must be recorded within five days, in the office of the clerk of the town where the mortgagor resides, or where the property is, if he be a non-resident. The mortgagee may take possession after condition broken. If there are any provisions in the instrument, the property may be sold in accordance therewith. Redemption at law may be had at any time within sixty days after breach, unless the property has been sold as above. The equity may be foreclosed by bill of equity.

SOUTH CAROLINA.—Property mortgaged must be described in writing or typewriting, not printing, on the face of the mortgage. The mortgage must be proved by affidavit of a subscribing witness and recorded within ten days in the office of the register of mesne conveyances if in the counties of Charleston, Greenville or Spartanburg, elsewhere with the clerk of court of the county where the mortgagor resides; or, if he be a non-resident, where the property is situated. Mortgages of stock in trade are valid and cover after acquired property substituted for goods sold. Recording after ten days is notice only as to subsequent creditors or purchasers. Foreclosure by sale after notice posted for fifteen days in three public places in the county where the property is, one of which shall be the courthouse door, or after publication for two weeks in the county where the mortgagee resides, unless the mortgagee has otherwise agreed in writing.

SOUTH DAKOTA. — Mortgage must be in writing subscribed by the mortgagor in the presence of two witnesses, who must sign as such, and be filed in the office of the register of deeds of the county in which the property is situated. No acknowledgment is necessary. It must bear a certificate signed by the mortgagor that he has received from the mortgagee a true copy of the mortgage. It is good for three years from the date of filing, but may be extended within thirty days before the expiration of said three years by filing in the office of the register of deeds a copy of the mortgage with a sworn statement of the amount then due. Foreclosure may be by action, or on six days' notice by publication in a newspaper nearest the place of sale.