Indiana Code 32-29-10-4. “Supplemental indenture”
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 32-29-10-4
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- series mortgage: means any mortgage, indenture of trust, or trust deed executed to create a lien on any property, whether real or personal or both, in Indiana to secure one (1) or more series of bonds, notes, or debentures. See Indiana Code 32-29-10-1
Sec. 4. As used in this chapter, “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.
[Pre-2002 Recodification Citation: 32-8-19-1(d).]
As added by P.L.2-2002, SEC.14.