26 THE C LB A R E J' I E W 



of the said 60 days, some extension of the contract is presented for inscription or a 

 preventive annotation on the judicial claim is made by the creditor. 



(6) By application of the provisions of the mortgage law. 



Art. XXVII. The inscription of the contracts of agricultural financing and grinding 

 of cane produces the following effects: 



(0) It obligates the new owner, possessor, holder, or acquirer by any title of a 

 mill, colony, or lands to respect them in all their integrity. 



(6) It grants the colonist or owner of the cane preferred right to any other 

 credit previously inscribed, with exception of the privileges set forth in Article XXV, 

 to collect the price of the sugar or money stipulated in said contracts. 



Art. XXVIII. Entries in the register referring to contracts of colonizing and grind- 

 ing of cane shall be canceled: 



(1) At the request of the parties therein set forth with the same formalities 

 required for their execution. 



(2) By judicial resolution. 



(3) By extinction of the contract of lease without the consent of the lessee when 

 the subsistence of the colonizing agreement or grinding of cane depends upon the 

 duration of a contract of lease. 



(4) By the transfer of the term stipulated in the said contracts. This cancellation 

 shall be made officially, but shall not be made when, before the expiration of the said 

 term, an extension of the contract is presented for its inscription and preventive annota- 

 tion on some judicial claim thereon. 



Chapter 7. — Oj the Modifications of the Mortgage Law 



Art. XXIX. The first paragraph of Article 108 of the mortgage law shall be 

 worded thus: 



"The following can not be mortgaged: The unplucked fruits, pending rents with 

 separation of the land producing the same without prejudice to the possibihty of encum- 

 bering the said fruits as a guaranty for financing credits pursuant to the special law 

 by w'hich the said contracts are governed." 



Art. XXX. The following paragraph shall be added to Article 110 of the mortgage 

 law: 



''There shall be excepted the case when the mortgaged property is subjected to 

 some contract of agricultural financing, in which the unplucked fruits at the time 

 when the mortgage is foreclosed shall not answer for the latter." 



Art. XXXI. Paragraph 3 of Article 111 of the mortgage law shall be worded 

 as follows: 



"Fruits which at the time the mortgage obligation must be enforced are hanging 

 from the trees or plants or have already been plucked, but have not been harvested 

 or stored, except in case they are subject to some contract of financing as provided 

 in Article 110." 



Art. XXXII. Paragraph 5 of Article 2 of the mortgage law shall be worded thus: 



"Contracts of lease of immovable property for a period exceeding one year or 

 which, not having this condition, contain express agreement of the parties to have 

 same inscribed." 



Transitory Provisions 



First. Contracts of agricultural financing, colonizing, and grinding of cane previous 

 to the present law may be inscribed if the formalities requested by the said law for 

 their execution have been complied with or are complied with, and if their inscriptionJ 

 is requested within the 60 days following the day when this law commences to be in force.[ 



Second. Contracts inscribed pursuant to the preceding provision shall not have 

 preference as to each other by reason of the date of presentation in the registers, but 

 they shall be preferred to those which are not inscribed pursuant to the foregoing 

 provision. 



