i«a  The  usual  form  Is:   "In  consideration  of  $ ,  paid  or  to  be  paid  a«

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§  97  LAND   TITLES    IN    TUG    UNITED   8TATB3.  [Oh.  8

Iowa  the  statute  hag  wisely  stepped  in  to  regulate  this  lien.  The
object  of  theee  etatutes  ia  not  to  protect  parchaaers  for  value  with-
out notice,  for  they  were  never  affected  by  the  lien;  but  judgment
creditors,  purchasers  who  are  not  quite  free  from  notice,  even  vol-
unteere.  The  Iowa  statute  disallows  the  lien  unless  it  is  reserved
by  the  conveyance,  or  unless  a  suit  is  brought  for  its  enforcement
before  a  conveyance  by  the  vendee.  Between  the  original  parties,
therefore,  the  old  equity  subsists;  but  volunteers  and  purchasers
with  notice,  other  than  the  notice  of  a  pending  suit,  are  free  from
it'"  Id  the  Virginias  there  is,  under  the  statute,  no  lien  unless  it
"be  expressly  reserved  on  the  face  of  the  conveyance,"  which  seems
to  let  in  the  lien  of  a  judgment,  when  that  of  the  vendor  is  not  thus
expressed."*  In  Kentucky,  where  the  reserved  lien  has  wholly
taken  the  place  of  mortgages  for  the  price  of  lands,  the  grantor
has  no  lien  for  the  unpaid  part  "against  bona  fide  creditors  and  pur-
chasers, unless  it  is  stated  in  the  deed  what  part  of  the  consideration
remains  unpaid."  Thus  the  old  equity  still  stands  good  between
the  vendor  on  the  one  hand  and  the  vendee  and  volunteers  under
him.""     When  the  lien  is  (as  usual)  expressly  reserved,  the  amount

follows;    $ ,  part  thereof.  In  cash,  | ,  the  residue  thereof,  In  notes  at

months,  each  for  f ,"  etc.,— "for  the  securing  of  which  notes  a  Hen

Is  berphy  retained,  and  the  receipt  of  which  money  and  notes  Is  hereby  ac-
knowledged." Such  reservations  are  recognized  In  other  states  as  mortgages
In  efTect.    Park  v.  Snyder,  78  Ga.  571,  3  S.  E.  557.
