§ 113.105. Mortgage.
(a) The mortgage shall be recorded by the volunteer company, at its own expense, in the office of the recorder of deeds in the county in which the land is located.
(b) Whenever a volunteer company has obtained a previous mortgage for land acquisition or construction or modernization of a facility, the OSFC is authorized to provide an additional mortgage for land acquisition or construction or modernization of a facility. The OSFC will insure that loan safeguards are initiated to protect the Commonwealth’s investment.
Source The provisions of this § 113.105 adopted December 23, 1982, effective December 25, 1982, 12 Pa.B. 4333; amended December 18, 1992, effective December 19, 1992, 22 Pa.B. 6019. Immediately preceding text appears at serial page (153423).
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