Mortgages and Other Liens of Record Affecting Property at Time of the First Conveyance of Each Unit

Act 117 of 1963, § 404, under UNIT PROPERTY ACT - (CONDOMINIUMS).

Act 117 of 1963, § 404

Section 404. Mortgages and Other Liens of Record Affecting Property at Time of the First Conveyance of Each Unit.--At the time of the first conveyance of each unit following the recording of the original declaration, every mortgage and other lien of record affecting the entire building or property or a greater portion thereof than the unit being conveyed shall be paid and satisfied of record, or the unit being conveyed shall be released therefrom by partial release duly recorded.