The petition for such license to mortgage shall recite the limits of the principal amount, the interest rate, and the term of the note to secure the mortgage, and said note and mortgage shall be executed by the administrator or executor, and said heirs or devisees, or if minors, their guardians or conservators, who assented to the petition to mortgage.
Source. 1957, 167:1, eff. July 1, 1957.