§ 45-16. Register of deeds to make marginal entry of substituted trustee.
§45‑16. Register of deeds to make marginal entry of substituted trustee.
Whenever any substitutedtrustee shall be appointed as provided in G.S. 45‑10 through G.S. 45‑17and such designation of such substituted trustee shall have been registered,then it shall be the duty of the register of deeds to index the substitution oftrustee as required by G.S. 161‑14.1, indicating the place ofregistration of such appointment of a substituted trustee, and this shall bedone as many times as a trustee may be substituted as provided for in G.S. 45‑10through G.S. 45‑17. Whenever practical, the register of deeds may alsomake an appropriate notation on the margin of the registration of the mortgage,deed of trust, or other instrument securing the payment of money. It shall becompetent for the holder of such deed of trust, or deeds of trust, mortgage ormortgages, wherein the same trustee is named, to execute one instrumentapplying to all such deeds of trust or mortgages, in the substitution of atrustee for any of the causes set forth in G.S. 45‑10, and in saidinstrument to recite and name the mortgages and/or deeds of trust affected bygiving the names of the grantors, the trustee and, if registered, the book andpage of such registration. This may be done as many times as a trustee may besubstituted as provided for in G.S. 45‑10 through G.S. 45‑17, andin which cases the register of deeds shall make, as to each recited instrument,mortgage or deed of trust, the notation provided for in this section. (1931,c. 78, s. 7; 1991, c. 114, s. 6; 1993, c. 425, s. 2.)