Nebraska Statutes 76-256. Mortgage; assignment; recording not notice to mortgagor
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The recording of an assignment of a mortgage shall not, in itself, be deemed notice of such assignment to the mortgagor, his heirs or personal representatives, so as to invalidate any payment made by them, or either of them, to the mortgagee.
Source
- R.S.1866, c. 43, § 44, p. 290;
- R.S.1913, § 6229;
- C.S.1922, § 5628;
- C.S.1929, § 76-234;
- R.S.1943, § 76-256.
Terms Used In Nebraska Statutes 76-256
- 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.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.