CHAPTER III Mortgage Section 1570 .- Mortgaged vessels may highest and the lowest dedicated to fishery, scientific research or for recreation. The other may be encumbered with a pledge. Section 1571 .- The mortgage deed shall contain: 1. The name, nationality and address of the creditor and the debtor; 2. The amount of the tax credit guarantees, particularly in liquid amount and the interest thereon. If the mortgage is open indicating the maximum amount guaranteed; 3. The deadline date for payment of principal and interest; 4. Name, type, tonnage, address and full description of the ship that is taxed, and the number and date of registration. If the burden fall on a ship under construction, should be fully identified by the specifications necessary for the registration of the ship; 5. The estimated value of the vessel while being taxed; 6. The information about insurance and taxes, as well as accessories that are excluded from the war...