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Mortgages to secure certain advances - 42 Pa. Cons. Stat. § 8144

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     § 8144.  Mortgages to secure certain advances.
        In addition to any other indebtedness, a mortgage may secure
     unpaid balances of advances made, with respect to the mortgaged
     premises, for the payment of taxes, assessments, maintenance
     charges, insurance premiums or costs incurred for the protection
     of the mortgaged premises or the lien of the mortgage, expenses
     incurred by the mortgagee by reason of default by the mortgagor
     under the mortgage or advances made under a construction loan to
     enable completion of the improvements for which the construction
     loan was originally made, if such mortgage states that it shall
     secure such unpaid balances. A mortgage complying with this
     section is a lien on the premises described therein from the
     time the mortgage is left for record or the time of delivery to
     the mortgagee of a purchase money mortgage which is recorded
     within ten days after its date for the full amount of the unpaid
     balances of such advances that are made under the mortgage, plus
     interest thereon, regardless of the time when the advances are
     made.
     (Oct. 12, 1990, P.L.525, No.126, eff. 60 days)

        1990 Amendment.  Act 126 added section 8144. Section 2 of Act
     126 provided that nothing contained in Act 126 shall be
     construed to affect the priority of advances made under any
     mortgage recorded before the effective date of Act 126.

Last modified: November 27, 2007