Exception as to mortgages held by the United States.
The provisions of *this act shall not apply to any mortgage while such mortgage is held by the United States or by any agency, department, bureau, board or commission thereof as security or pledge of the maker, its successors or assigns.
[1935 c 125 s 1 1/2; RRS s 1118-1. Formerly RCW 61.12.060, part.]