Terms Used In Missouri Laws 513.485

  • levy: as used in this chapter, shall be construed to mean the actual seizure of property by the officer charged with the execution of the writ. See Missouri Laws 513.010
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • real estate: as used in this chapter shall be construed to include all estate and interest in lands, tenements and hereditaments, including a manufactured home as defined in section 700. See Missouri Laws 513.010

If, at the time of such levy of execution, the homestead or real estate mentioned in section 513.480 shall be encumbered by mortgage, the value and location of such homestead shall be fixed as provided in said section, and thereupon such levy shall proceed in the same manner as in the case of mortgages existing upon distinct parcels of land.

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