The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1913-09-17

sufficient under existing laws for the
purpose intended may be used In deal
ing with res istered land. The acts
provide that leases for certain
number of years, usually three years
or less. in Massachusetts seven or less,
shall not be the subject OF registration
II the owner desires to sell the lands
he draws deed conveying it in the
usual form. The deed is fled by the
registar in his Office, the duplicate
owners certificate is surrendered and
cancelled, and new certificate issued
TO the purchaser with notes or memo
randa on it showing the exact state OF
the title.
If the property is to be mortgaged, q
mortgage is executed in the usual
form, is filed in the registar Office and
memorandum of it is made upon the
original certificate and uDon the own
er's duplicate certificate in the col
umns provided for that purpose and
another copy of the certificate plainly
marked Mortgages Duplicate" may
be issued to the mortgage. w hen
the mortgage IS paid, the mortgagee's
duplicate is surrendered and Cancelled
and proper entries showing this are
made upon the mortgage. upon the
original and upon the owners dupl.
cate certificate.
All matters affecting the title must,
under this system be filed IN the ONCE
of the registar and be noted upon the
original and duplicate certificates:
both of which will thus show at any
time the exact state OF the title and all
the liens against it.
The Torrens acts provide that "all
instruments, notices and papers re-
quired by this act to be filed IN the Of
flee of the registrar shall be retained
and kept in such office". They are re-
tanned and kept as perpetual deposit
Deeds. mortgages and other papers al
fecting the title may be executed II
duplicate and a copy marked "dupil'
cate may be kept by the person TO
whom each is given. Under rules IN
England and Ontario instruments may
be DESTROYED when they have become
superseded By entries in the reglstar
or have ceased to have any effect. The
details OF any paper, the abstract OF
which is given on the certificate OF
title, may be learned from an eNaml-
nation of the instrument on file IN the
registrars Office.
The costs Of registration vary some
what in the different states. Ia Mass
achusettes the cost TO the petitioner Is
81 per each $1,000 of the value OF the
land on the basis of the last assessment
for taxation and about S25 more. After
originaJ registration, a deed trans
action costs 81 so and 4 mortgage trans
action S1.50, regardless OF any assesse"
value. The statuatory fees for regis
tering titles in Illinois are as follows:
Clerk of court on filing appll-
cation ...... ..... .....o w
Registrar, examination OF title. % w
Publication notice. ....... w
Registrar on issue of certificate
OF title. ...........'..'... w
Total. l.............. ....o-7 w
II there are parties defendant upou
whom summons is 20 be served, there
will be Il sheritf's fee OF the usual
amount for such service. Wnere the
defendants consent to the registration,
his expense may be avoided.
FEES MAY BE LESS.
In a hill proposed by committee OF
the North Carolina Bar association III
1912. the fees allowed were very much
less than the above and the total cost
of an original registration: exclusive OF
fees to the sheriIf's and clerks, wnlch
were TO be the same as allowed 10
other special proceedings, would not
exceed $3.50 for a piece OF property
assessed at less than 5000. Ihis does
not include the payment OF the lnsur-
ance fund Of one-tenth OF one Per cent
o! the value of the propert y. In most
states the cost of registration Is about
the same is the minimum cnarge no"
made by attorneys for making each ab-
strac, or title. The fees for register
ing subsequent transfers, mortgages: