Sec. 49-5a. Master mortgage recording.
Sec. 49-5a. Master mortgage recording. (a) Any instrument containing a form
or forms of covenants, conditions, obligations, powers and other clauses of a mortgage
may be recorded in the land records of any town. The town clerk shall index such
instrument under the name of the person, lending institution or corporation causing it
to be recorded. Every such instrument shall be entitled on its face "Master form recorded
by (name of person or lending institution in whose name the instrument is to be recorded)."
(b) After the recordation any of the provisions of such master form instrument may
be incorporated by reference in any mortgage of real estate situated within such town,
if such reference in the mortgage refers to the master form instrument and states the
date when and the volume and page where such master form instrument was recorded.
The recording of any mortgage which has so incorporated by reference in it any or all
of the provisions of a master form instrument recorded as provided in this section shall
have like effect as if such provisions of the master form had been set forth fully in the
mortgage.
(c) Whenever a mortgage is presented for recording on which is set forth matter
purporting to be a copy or reproduction of a master form instrument or part of it, identified
by its title and recording information as provided in subsection (a) hereof, preceded by
the words "do not record" or "not to be recorded" or words of similar import and plainly
separated from the matter to be recorded as a part of the mortgage in such manner that
it will not appear on a photographic or other reproduction of any page containing any
part of the mortgage, such matter shall not be recorded by the town clerk to whom the
instrument is presented for recording. The clerk shall record only the mortgage apart
from that matter and shall not be liable for so doing, any other provisions of law to the
contrary notwithstanding.
(d) The fee for recording any mortgage which has incorporated by reference any
of the provisions of a master form instrument recorded as provided by this section shall
be as provided in section 7-34a but not less than ten dollars.
(1971, P.A. 578, S. 1-4; P.A. 79-602, S. 36.)
History: P.A. 79-602 made minor changes in wording but did not make substantive changes.