Zanietta v. McCulloch

Section 9887, Or. L., provides:

“No mortgage upon real estate now, heretofore or hereafter given, shall be a lien or incumbrance, or of any effect or validity for any purpose whatsoever, after the expiration of ten years from the date of the maturity of the obligation of indebtedness secured or evidenced by such mortgage, or from the date to which the payment thereof has been extended by agreement of record.”

There is no agreement of record extending the time of payment of plaintiff’s note.

Section 9890 provides:

“Nothing in this act contained shall be construed to bar the foreclosure of any such…