Indiana Code 32-30-10-4. Remedy
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Terms Used In Indiana Code 32-30-10-4
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 4. If there is not an express agreement in the mortgage or a separate instrument for the payment of the sum secured by the mortgage, the remedy of the mortgagee is confined to the property mortgaged.
[Pre-2002 Recodification Citation: 32-15-6-2.]
As added by P.L.2-2002, SEC.15.