HAYLEY L. SUFFRITI, personal representative, [Note 1] vs. JAMES SHEA.

SULLIVAN, J. At issue in this case is the applicability of the "obsolete mortgage statute," G. L. c. 260, § 33, to a mortgage that incorporated a note by reference, but failed to state the term or maturity date of either the mortgage or the note in the mortgage document. We conclude that such a mortgage is one that lacks a stated term, that the subsequent amendment and recordation of the note did not alter the term of the mortgage, and that the term of the mortgage is thirty-five years. Id. Accordingly, we affirm the judgment, which declared the mortgage to be enforceable.

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Kathleen McMath borrowed $40,000 from the defendant, James Shea, to repay an obligation incurred with respect to the conversion of a residential condominium unit in Salem. To secure the loan, McMath gave Shea a note providing for payment within one year, and a mortgage, which stated that it was to secure a loan "payable as provided in a note of even date." Both the note and the mortgage were dated September 15, 2006. The mortgage was recorded, but the note was not. Subsequently, on September 28, 2007, the note was revised, extending the term of the note for an additional year (revision agreement). [Note 2] Over ten years later, on August 17, 2018, McMath recorded an affidavit pursuant to G. L. c. 183, § 5B, to which she attached a copy of the mortgage and the revision agreement. This affidavit, which followed on the heels of demands for payment in full, [Note 3] purported to state that the revision agreement "modified my mortgage with James W. Shea by establishing a new stated maturity date of September 15, 2008," and that "[t]his information is relevant to title questions related to the enforceability of the . . . mortgage as the same may be affected by the obsolete mortgage statute." Some four months later, this action was filed.

McMath's estate now appeals from a summary judgment issued for Shea on McMath's complaint to remove a cloud on title. On appeal, as McMath had argued in the Land Court, the estate asserts that the recording of the revision agreement converted the mortgage from one with no stated maturity date to one in which the maturity date was stated under the obsolete mortgage statute. G. L. c. 260, § 33. [Note 4] The estate further contends that the mortgage is now unenforceable under the obsolete mortgage statute because

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more than five years have passed since September 15, 2008, the maturity date stated in the recorded revision agreement. A judge of the Land Court concluded that the mortgage, despite the subsequent recording of the affidavit, was one with no maturity date and thus enforceable for thirty-five years from the date of the recording.

We agree with the Land Court judge that the mortgage is one "in which no term of the mortgage is stated," and that the term of the mortgage is therefore "[thirty-five] years from the recording of the mortgage." G. L. c. 260, § 33. In reaching this conclusion we turn to "the canon of statutory construction that the primary source of insight into the intent of the Legislature is the language of the statute." International Fid. Ins. Co. v. Wilson, 387 Mass. 841, 853 (1983). "The language is interpreted in accordance with its plain meaning, and if the language is clear and unambiguous, it is conclusive as to the intent of the Legislature." Deutsche Bank Nat'l Trust Co. v. Fitchburg Capital, LLC, 471 Mass. 248, 253 (2015).

The mortgage was at all times one in which "no term of the mortgage [was] stated." G. L. c. 260, § 33. "The language of G. L. c. 260, § 33, is unambiguous." Harvard 45 Assocs., LLC v. Allied Props. & Mtges., Inc., 80 Mass. App. Ct. 203, 208 (2011). The plain meaning of the statute is that the term of the mortgage must be stated on the face of the mortgage. See Deutsche Bank, 471 Mass. at 257-258. A statement regarding the date by which the note must be paid will suffice for this purpose, as the note and the mortgage typically operate in tandem. Id. Here, however, there was no such language in the mortgage, which incorporated the note by reference, but did not state the term or maturity date of either the note or the mortgage. Contrast id. And while the note

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was amended, the mortgage was not. Because the term or maturity date of the mortgage did not appear on the face of the mortgage, the term of the mortgage is thirty-five years.

This result is consistent with and furthers the purposes of the obsolete mortgage statute. "The statute is designed to create a definite point in time at which an old mortgage will be deemed discharged by operation of law . . . ." Thornton v. Thornton, 97 Mass. App. Ct. 694, 696 (2020), quoting Nims v. Bank of N.Y. Mellon, 97 Mass. App. Ct. 123, 126 (2020). "The obsolete mortgage statute sets time periods after which a 'mortgage shall be considered discharged for all purposes without the necessity of further action by the owner of the equity of redemption or any other persons having an interest in the mortgaged property.'" Nims, supra, quoting G. L. c. 260, § 33. See LaRace v. Wells Fargo Bank, N.A., 99 Mass. App. Ct. 316, 329 (2021). The legislative policy providing for a streamlined, self-executing discharge of obsolete mortgages is best served by hewing closely to the language of the statute, which ensures that the term of the mortgage is clearly and plainly stated on the face of the mortgage, not by reference to a note or other document incorporated by reference. [Note 5] This statutory requirement furthers the legislative policy intended to quiet title after a finite and readily discernable period of time, minimizes the likelihood of disputes over the validity of a discharge, and provides consistency and certainty to the parties to the transaction and to third parties who may rely on the recorded mortgage.

For these reasons, the judgment is affirmed.

So ordered.