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of the superior court where the mortgagor resides, if he is a resident, and if he is not, then where the property is located. No renewal is necessary. Is valid as to third parties on stock of merchandise remaining in possession of the mortgagor and on after acquired property.

Idaho.-Must be recorded in office of recorder where the property is located. If the property is removed to another county, mortgage must be recorded within ten days. Is not valid as to third parties on stock of merchandise remaining in possession of the mortgagor unless the proceeds of sale go to the mortgagee. Is not valid on after acquired property.

Illinois. Must be recorded in the office of the recorder where the mortgagor resides. If the mortgagor does not reside in the state, must be recorded in the county where the property is located. Is valid until the debt matures or for three years if the debt has not matured, and within thirty days of the maturity of the debt or at the expiration of three years may be renewed by filing an affidavit showing the amount due. If the mortgagor resides in the state the mortgage must be acknowledged by a justice of the peace, in township where debtor resides. Is not valid as to third parties on stock of merchandise remaining in possession of the mortgagor or on after acquired property.

Indiana.-Must be recorded within ten days in the of. fice of the recorder where the mortgagor resides. Need not be renewed. Is valid as to third parties on stock of merchandise remaining in possession of mortgagor.

Indian Territory.-Must be filed or recorded with the clerk of the recording district where the property is located. If recorded, no renewal is necessary. If filed, it is not valid for more than one year unless within thirty days before the expiration of the year there has been filed an affidavit that the mortgage has not been paid. It is valid as to third parties on stock of merchandise remaining in the possession of the mortsagor if the mortgagor acts as agent for the mortgagee.

Iowa.-Must be recorded in the office of the recorder where the mortgagor resides. On exempt property the wife must join except for the purchase price of the property. No renewal is necessary. It is valid as to third

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parties on stock of merchandise remaining in the possession of the mortgagor and on after acquired property.

Kansas.-Must be filed with the register of deeds of the county where the property is located, and where the mortgagor resides if he resides within the state. It is valid for two years from the date of filing. Must be renewed within thirty days preceding expiration by affidavit showing the amount unpaid. Is valid as to third parties on stock of merchandise remaining in the possession of the mortgagor if the mortgagor acts as agent for the mortgagee when sales are made. Also valid on after acquired property if the mortgage provides therefor.

Kentucky.-Must be recorded with the county clerk where the property is located. It is valid for five years after the maturity of the debt if no note has been given, and for fifteen years where a note has been given. No renewal is necessary. Is valid as to third parties on stock of merchandise remaining in the possession of the mortgagor if the goods can be identified, but is not valid on after acquired property.

Louisiana.-Chattel mortgages are unknown in this state.

Maine.--Must be recorded in the office of the town clerk where the mortgagor resides, and if the mortgagor does not reside in the state must be recorded in the county where the property is situated. No renewal is necessary. Is valid as to third parties on stock of merchandise remaining in possession of the mortgagor, but is not valid on after acquired property.

Maryland.-Must be recorded within twenty days in the office of the clerk of the circuit court where the mortgagor resides, or if he does not reside in the state must be recorded in the county where the property is located. No renewal is necessary.

Massachusetts. Must be recorded within fifteen days with the town clerk where the mortgagor resides. If the mortgagor is a non-resident, the mortgage must be recorded where the property is located. No renewal is necessary. Is valid as to third parties on stock of merchandise remaining in possession of the mortgagor, but is not valid on after acquired property.

Michigan.—Must be filed with the city or town clerk where the mortgagor resides. Remains in force for one year, and must be renewed within thirty days preceding expiration by affidavit showing amount unpaid. Is valid as to third parties on stock of merchandise remaining in possession of the mortgagor and on after acquired property if the mortgage so provides.

Minnesota.-Must be filed with the city, town, or village clerk where the mortgagor resides and where the property is located. Remains in force for six years after filing as against creditors or subsequent mortgagees or purchasers. No renewal is necessary. Husband and wife must join, and two witnesses and an acknowledg. ment are necessary. Is not valid as to third parties on a stock of merchandise remaining in the possession of the mortgagor, but if the mortgage so recites it is valid on after acquired property.

Mississippi.-Must be recorded with the chancery clerk where the property is located. If property is removed, it must be re-recorded within one year. No re newal is necessary. It is not valid as to third parties on stock of merchandise remaining in possession of the mortgagor, but is valid on after acquired property.

Missouri.—Must be filed or recorded with the record where the mortgagor resides. Is valid for five years if filed, and during the life of the debt if recorded. No renewal is necessary. Is not valid as to third parties on a stock of merchandise remaining in possession of the mortgagor unless the proceeds of sales go to the mortgagee in reducing the mortgage debt. It is not valid on after acquired property unless the mortgagee takes possession before creditors secure a lien.

Montana.-Must be filed with the county clerk where the mortgagor resides. If he does not reside in the state, must be filed in the county where the property is located. Is valid until sixty days after the debt matures, not exceeding, however, one year and sixty days. Must be renewed within sixty days after the debt becomes due by filing an affidavit in the office where the mortgage is filed, setting forth the amount due. Is valid as to

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third parties on stock of merchandise remaining i possession of the mortgagor if made in good faith and proceeds of the sale go to the mortgagee.

Nebraska.-Must be filed with the county clerk where the mortgagor resides, and if he does not reside in the state, must be filed in the county where the property is situated. Is valid for five years against others than the parties, but it is not valid as to third parties on stock of merchandise in possession of the mortgagor, or on after acquired property.

Nevada.—Must be recorded in the office of the recorder where the mortgagor resides and where the property is located. Remains in force for six years from maturity of the debt. No renewal is necessary. If the mortgage is recorded, it is valid as to third parties on stock of merchandise remaining in possession of the mortgagor.

New Hampshire.—Must be recorded with the town clerk where the mortgagor resides. If he does not reside in the state, must be recorded in the county where the property is situated. No renewal is necessary. Is not valid as to third parties on a stock of merchandise remaining in the possession of the mortgagor unless the proceeds of this sale go to the mortgagee in reduction of the mortgage debt.

New Jersey.-Must be recorded with the county clerk or register of deeds where the mortgagor resides. If he does not reside in the state, must be recorded in the county where the property is situated. Need not be renewed. If recorded, it is valid as to third parties on a stock of merchandise remaining in possession of the mortgagor. If the mortgage so provides it is valid on after acquired property.

New Mexico.—Must be filed or recorded with the probate clerk where the property is located. Remains in force for one year. Must be renewed within thirty days preceding its expiration by affidavit showing the amount unpaid. Crops can not be mortgaged until they have matured and are harvested. It is not valid as to third parties on a stock of merchandise remaining in possession of the mortgagor.

New York.-Must be filed with the register of New York City or the county clerk if in a county seat, otherwise with the town clerk where the mortgagor resides. If the mortgagor does not reside in the state, the mortgage must be filed in the county where the property is situated. Remains valid for one year as against subsequent mortgagors and purchasers. Must be renewed within thirty days preceding expiration by statement showing the amount due. Is not valid as to third parties on a stock of merchandise remaining in possession of the mortgagor unless the mortgagor is in possession as agent for the mortgagee and the sale is for his bene fit. It is not valid on after acquired property.

North Carolina.-Must be recorded with the register of deeds where the mortgagor resides. If he does not reside in the state, must be recorded in the county where the property is located. No renewal is necessary. It is not valid as to third parties on stock of merchandise remaining in possession of the mortgagor unless the mortgagor has possession as the mortgagee's agent and the proceeds go to the reduction of the mortgage debt. It is not valid on after acquired property.

North Dakota.-Must be recorded with the register of deeds where the property is located. Remains in force for three years. Must be renewed within ninety days preceding the expiration of three years by affidavit showing the amount unpaid. Is valid as to third parties on a stock of merchandise remaining in the possession of the mortgagor if the mortgagor is required to account to the mortgagee for the proceeds of the sale. It is also valid on after acquired property.

Ohio.—Must be filed with the township clerk, or the recorder, if in the county seat where the mortgagor resides. If the mortgagor does not reside in the state, must be filed in the county where the property is situated. Remains in force for one year. Must be reDewed within thirty days after the expiration by an af. fidavit showing the amount unpaid. Is not valid as to third parties on stock of merchandise remaining in possession of the mortgagor unless the mortgagee takes possession before the third party makes a levy or unless the mortgagor is by the terms of the mortgage

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