Jasper County Democrat, Volume 1, Number 48, Rensselaer, Jasper County, 11 March 1899 — MORTGAGE EXEMPTION LAW. [ARTICLE]

MORTGAGE EXEMPTION LAW.

Following is the full text of the new mortgage exemption law, ! "Section 1. Be it enacted toy a&e spenenil assembly of the -state at Indiana, ftort any jassora being the owner of seal estate lirisHeSorllaxaiaßa! within thestate otf Indiana,and toeing !imfle!t<te£ in any sum, secured toy a roartgape ujaeni aaadh real estate, may hare the aanoort at sneft; Hunter age indebtedness, no# «xoe«Siimg existing and unpaid upon tbe firs! day off April of any year, deducted tan the a—emedl valuation of mortgage premises S«r Stoat fmm and the amount of such vrioatian remutiama* after such deduct*cm shall toawr toee® nuafle shall foam the basis for asseasuteßt amdttaxation for said real -estate for sa*d year, pnorided that no deduction stoaffl Isle riUamed greater j than one-half at such valuatacm cf mod weal estate. ‘•Section *. Any person darim to act shall, between ttoe fest day at Howto amd the first day of May arfencto year. fflewWtoltor auditor of the ooraXy wtoneaw said real estate ZfefetAQMflfeA asses jax Ptoxod itoßdwffefetote tod wm

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