706.11 Priority of certain mortgages, trust funds.
141 words·~1 min read·
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706.11 Priority of certain mortgages, trust funds.
(1)Except as provided in sub.
(4), when any of the following mortgages has been duly recorded, it shall have priority over all liens upon the mortgaged premises and the buildings and improvements thereon, except tax and special assessment liens filed after the recording of such mortgage and except liens under ss. 292.31
(i)and 292.81 :
(a)Any mortgage executed to a federal savings and loan association or state or federal savings bank.
(b)Any mortgage executed to the department of veterans affairs under s. 45.352 , 1971 stats.
(c)Any mortgage assigned to or executed to any of the following:
1. The United States, this state or a county, city, village or town in this state, or an agency, department or other formally constituted subunit of any of the foregoing.