Subject to the provisions on priority in RSA 447:12-a, a recorded mortgage takes priority as of the date of its recording as to advances or obligations thereafter made or incurred that do not exceed the maximum amount stated in the mortgage.
Source. RS 131:3. CS 137:3. GS 122:3. GL 136:3. PS 139:3. PL 215:3. RL 261:3. RSA 479:3. 1985, 82:1, eff. July 9, 1985.