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Part payment of charge to be noted.
Interest from the last gale day shall be deemed to be due on the occasion of a transfer unless payment be recorded.
Transfer of arrears of interest, how far valid.
Entry of payment of a charge to be noted, and release to be unnecessary.
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44. Whenever payment is made of any part of the principal money due on a recorded charge or incumbrance, the officer may, on production of a receipt signed by the recorded owner of the charge, and duly verified, make an official note thereof on the record. Unless and until such note be made the entire principal sum expressed to be due shall, on the occasion of any transfer for valuable consideration, be considered as due. Interest on the principal sum since the last gale day shall be considered as due, unless the fact of the payment of such interest be recorded. If in any instrument of transfer any further interest be expressed to be due, such transfer of arrears of interest shall be valid only to the extent to which such interest shall be actually due and recoverable from the land. On the application of any recorded owner or incumbrancer, and on finding that any charge, incumbrance, or claim upon a recorded estate has been paid off or satisfied, the officer may make an entry of the fact on the record, and no release or re-conveyance shall in that case be necessary.
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