From and after the passage of this act, it shall be the duty of the recorder of deeds,
mortgages, and other instruments of writing, in each and every county in this Commonwealth,
to keep a daily record, separate and apart from all other records, of every mortgage
or article of agreement given to secure the payment of money entered in his office
for recording, which said record shall set forth the following information, to wit:
The date of the mortgage or agreement, the names of the parties thereto, the just
sum of money secured, the precise residence of the mortgagee or person to whom interest
is payable, a brief description of the real estate upon which such mortgage is secured,
and the date or several dates when the said sum or portion of the said sum shall become
due and payable; and a like daily record of every assignment of a mortgage or an
article of agreement given to secure the payment of money, and also the number of
mortgages and agreements, together with the amount of same, and the names of the parties
thereto, which shall have been that day satisfied of record; and, for the purpose
of obtaining with accuracy the precise residence of all mortgagees, assignees, and
persons to whom interest is payable on articles of agreement, it shall be the duty
of the recorder of deeds in each county, whenever a mortgage, assignment, or agreement
given to secure the payment of money shall be presented to him for record, to refuse
the same unless the said mortgage, assignment, or agreement has attached thereto,
and made part of said mortgage, assignment, or agreement, a certificate signed by
said mortgagee, assignee, or person entitled to interest, or his, her or their duly
authorized attorney or agent, setting forth the precise residence of such mortgagee,
assignee, or person entitled to interest; said certificate to be recorded with said
mortgage, assignment, or agreement; and it shall be the further duty of the recorder,
on the first Monday of each month, to file the aforesaid daily record in the commissioners'
office, or with the board of revision of taxes of the proper county or city, and one
certificate appended thereto shall be all that shall be required.
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