Security Transactions: Amount

On every mortgage or pledge of lands, estate or property, real or personal, whatsoever, where the same shall be made as security for the repayment of any definite and certain sum of money loaned at the time or previously due and owing or forborne to be paid, being payable; and on any conveyance of a land, estate or property, whatsoever, to be sold or otherwise converted into money, which shall be and is intended only as security, either by express stipulation or otherwise, shall be paid a tax of Two Dollars and Fifty Cents ($2.50) on each One Thousand Dollars ($1,000.00) or fractional part thereof; provided, that upon each and every assignment or transfer of any mortgage, lease or renewal or continuance of any agreement or contract by altering or otherwise, a tax shall be collected and paid at the same rate as that imposed on the original document except that any such assignment or transfer of any mortgage, lease, or renewal or continuance of any agreement or contract by altering, made within sixty

(60)days of the mortgage to which the full fees were assessed, shall be assessed at a rate of Twenty Dollars ($20.00).