A power is a lien upon the real property which it embraces from the time the instrument in which it is contained takes effect; except that against creditors, purchasers, and encumbrancers, in good faith and without notice, from any person having an estate in such real property, the power is a lien only from the time the instrument in which it is contained is duly recorded.

Source: CivC 1877, § 312; CL 1887, § 2828; RCivC 1903, § 335; RC 1919, § 404; SDC 1939, § 59.0417.