The Owosso times. (Owosso, Mich.) 1897-1926, 1907-05-10

sive upon all persons, whether men.
toned by name in the summons or in.
cluded in the phrase all other persons
or parties unknown claiming any
right, title, estate, lien or interest in
the real estate described in the applica-
tion herein, and such decree shall not
be opened, vacated or set aside by rea
son of the absence. infancy or other dis
ability of any person affected thereby,
nor by any proceedings at law or in
equity for opening, vacating. setting
aside or reversing judgments and de-
crees, except as herein especially pro.
yided. The decree shall forever deter
mine, bind and conclude all the right.
title, interest, estate or lien in the land
described therein of the husband or
wife or any defendant acquired or
growing out of the marriage relations
in like manner as if such husband or
wife had been expressly named in the
decree.
EXAMINERS OF TITLES.
Section 12 OF the bill provides that
"the judges of the circuit court shall
appoint one or more competent attor-
neys in each county within their re-
spective circuits to be examiners OF
titles and legal advisers to the registrar
in said county. The examiners of IT,
ties shall hold Office subject to the will
and discretion Of the circuit court by
which they are appointed. Their com.
pensation shall be fixed and determined
by the said court, and shall be paid in
the same manner as the compensation
of other county employees is paid.
The bill specifies what interests in
land will entitle same to be registered
at the request of an interested party.
The applicant must file an abstract of
title with the clerk of the court when
he files his application for registration
with the clerk, and certified copy of
the application must also be filed for
record with the register of deeds. So
filed with the register of deeds the ap-
plication will have the force and affect
of lis pendens.
After land is registered it may be
sold, conveyed, mortgaged, leased or
otherwise dealt with as if it had not
been registered. All conveyances, liens
attachments, orders, DEGREES or judg-
ments or other instruments which
would effect the title to unregistered
land under existing laws, if recorded
or filed with the register of deeds, will
in like manner affect the title to regis.
tered land if filed and registered with
the registrar in the county where the
real estate is situated, and will be no
tice to all persons from the time Of such
registering or filing.
EFFECT OF REGISTRATION.
The advantages of the Torrens sys-
TEN of land registration are, that no
matter how many times the title to
piece of land has changed, no matter
how many liens, DEGREES or other in
struments affecting title appear of
record, no matter how involved the
title may be, or seem to be. the whole
matter may be placed in the hands of
the duly appointed examiners of title
and be officially passed on by them and
their decree become binding on the
state. If their decree is that parcel of
land is entitled to be registered, this
action officially declares the title to the
land and subsequent purchasers or loan
ers need not again go over the chain of
title to see how the title really stands.
Subsequent interested persons need go
back only to the date of registration
and then examine the subsequently re-
corded instruments that affect the title.
This will vastly simplify the examina.
tion of titles, as it is we'll known that
as the years go by and properties
change hands from time to time there
grows an ever extending string of in
struments variously affecting the title.
To the average layman an abstract of
title to realty is like Greek to an un-
lettered man, and an intricate abstract
often requires the most exacting labor
on the part of an able lawyer, in order
to learn the real state of the title. This
will be simplified by the "Torrens"
system.
GUARANTY FUND.
Section Q provides that all moneys
received by the registrar for fees shall
be paid to the county treasurer as an
fund. This fund is to be in
vested by the county treasurer upon
order of the circuit court. and subject
to its approval, in United States bonds,
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