Nebraska Statutes 76-276. Mortgages; mortgagor retains legal title, when; security interest in rents; effect
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In the absence of stipulations to the contrary, the mortgagor of real estate retains the legal title and right of possession thereof. This section shall not limit or otherwise affect the creation, provision, assignment, granting, or enforcement of a security interest in rents arising from real estate pursuant to sections 52-1701 to 52-1708.
Source
- R.S.1866, c. 43, § 85, p. 297;
- R.S.1913, § 6230;
- C.S.1922, § 5629;
- C.S.1929, § 76-235;
- R.S.1943, § 76-276;
- Laws 1993, LB 14, § 9.
Terms Used In Nebraska Statutes 76-276
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.