Chap. 158.—An ACT to amend and re-enact section 2935 of the Code of Virginia
of 1887, as amended by the acts of 1897-’98.

Approved March 14, 1904.

1. Be it enacted by the general assembly of Virginia, That section
twenty-nine hundred and thirty-five of the Code of Virginia of eighteen
hundred amd eighty-seven, as amended by the acts of assembly of eigh-
teen hundred and ninety-seven and eighteen hundred and ninety-eight,
be amended and re-enacted so as to read as follows:

§ 2935. Limitation of enforcement of deeds of trust and mortgages.—
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 mortgage given prior to May first, eighteen hundred and
eighty-eight, to secure the payment of money, and no lien reserved prior
to May first, eighteen hundred and eighty-eight, to secure unpaid pur-
chase money, shall be enforced after twenty years from the time the
right to enforce the same shall have first accrued: provided, the limita-
tion of the right to enforce such deed of trust, mortgage 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 endorsement
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 limitation of the right to enforce said lien for twenty
years from the date of such endorsement: provided, further, that the clerk
of the said court shall index said extension in both names in the index
of the deed book and on the general index in his office, and give reference
to the book and page in which the original writing is recorded. But
this section shall not be construed to embrace any deed of trust or mort-
gage executed 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.