Sec[Section] 1. Be it enacted by the People of the State of Illinois represented in the General Assembly; That all deeds, mortgages, transfers, conveyances, and all common assurances of any kind whatsoever; which have been, or may hereafter be, executed, and acknowledged or proven according and in conformity with the laws of the State or Territory in which the same was, or may be made for lands, tenements[,] or hereditaments situated in this State, shall be admited to record in this State, and shall operate from the date of the recording thereof, as though the same had been executed and acknowledged or proven according to the laws of this State.

Sec 2. That any of the instruments of writing described in the foregoing section relating to lands[,] tenements[,] or hereditaments situated in this state, which have been executed and acknowledged or proven, in conformity with the laws of the state or Territory where the same was executed, and have been admited to record in this state shall be deemed and taken as having been rightfully recorded, and shall operate from the date of the recording thereof as though the same had been admited to record according to the laws of this State.