Chap. 420.—An ACT to amend and re-enact section 5827, relating to ‘— limi-
tation of enforcement of deeds of trust and mortgages. {[S B 130]

Approved March 24, 1922.

1. Be it enacted by the general assembly of Virginia, That sec-
tion fifty-eight hundred and twenty-seven of the Code of Virginia
of nineteen hundred and nineteen, relating to the limitation of en-
forcement of deeds of trust and mortgages be amended and re-enacted
so as to read as follows:

Sec. 5827. No deed of trust or mortgage heretofore or hereafter
given to secure the payment of money, and no lien heretofore or here-
after reserved to secure the payment of unpaid purchase money,
shall be enforced after twenty years from the time when the obli-
gation last maturing thereby secured shall have become due and pay-
able; provided that the period of one year from the death of any
party in interest shall be excluded from the computation of time;
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 party in whom the beneficial title to the pro-
perty so encumbered is at the time of such endorsement or his duly
authorized attorney in fact, or agents, and attested by the clerk of
the court in which such lien is recorded, which endorsement shall be
held to extend the limitations of the right to enforce said lien for
twenty years from the date of such endorsement. 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 refer-
ence to the book and page in which the original writing is recorded.
This section shall not be construed to embrace any deed of trust or
mortgage 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.