Chap. 487.—An ACT to amend and re-enact section 2935 of the code of Virginia in
relation of proceedings to enforce deeds of trust, mortgages and vendors’ lens.

Approved February 24, 1898.

1. Be it enacted by the general assembly of Virginia, That section
twenty-nine hundred and thirty-five of the code of Virginia be amended
and re-enacted so as to read as follows :

S250, No deed of trust or mortgage hereafter given to secure the
payment of money, and no lien hereafter reserved to secure the payment
of unpaid purchase money shall be enforced after twenty years from the
time when the right to enforce the same shall have first accrued, and no
deed of trust or nortgage given prior to May first, eighteen hundred and
elchty-elght, to secure the payment of money, and no lien reserved
prior to May first, eighteen hundred and eighty-eight, to secure unpaid
purchase money, shall be enforced after tw enty vears from the time the
right to enforce the same shall have first acertcd : provided, the limita-
tion of the right to enforce such deed of trust, mortzage, or lien reserved,
shall not expire prior to May first, nineteen hundred and three; but the
limitations prescribed by this section may be extended by an endorse-
ment to that effect entered upon the margin of the page of deed book on
which the same is recorded, when such endorsement is duly executed by
the grantor or his duly authorized attorney in fact, and attested by the
clerk of the court in which such lien is recorded, which endorsement
shall be held to extend the hmitation of the rivht to enforce said lien for
twenty years from the date of such endorsement. But this section shall
not be construed to embrace any deed of trust or mortgage exccuted by
a corporation, or any investment or loan of funds arising from the sale
or other disposition of glebe lands in the several counties of the state.
2. This act shall be in force from its passage.