Indiana Code 32-29-10-2. “Final maturity date of the series mortgage”
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 32-29-10-2
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- original security instrument: means the original instrument or indenture executed to evidence a series mortgage. See Indiana Code 32-29-10-3
- supplemental indenture: means an instrument or indenture executed to supplement the original security instrument, defining one (1) or more series of bonds, notes, or debentures secured, or to be secured, by the series mortgage, specifying property subject to the lien of the series mortgage or in another manner supplementing or amending the original security instrument. See Indiana Code 32-29-10-4
Sec. 2. As used in this chapter, “final maturity date of the series mortgage” means the maturity date of the last to mature of the bonds, notes, or debentures secured by a series mortgage, as the maturity date is shown of record in the original security instrument or in a supplemental indenture subsequently recorded.
[Pre-2002 Recodification Citation: 32-8-19-1(b).]
As added by P.L.2-2002, SEC.14.