Nevada Revised Statutes 106.220 – Filing and recording of instruments subordinating or waiving priority of mortgages, deeds of trust or liens; constructive notice; effect of unrecorded instruments
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1. Any instrument by which any mortgage, deed of trust or lien upon real property is subordinated or waived as to priority concerning one or more other mortgages, deeds of trust or liens upon real property must be recorded in the office of the recorder of the county in which the property is located, and from the time any of the same are so filed for record operates as constructive notice of the contents thereof to all persons. The instrument is not enforceable in connection with a foreclosure under this chapter or a trustee‘s sale under chapter 107 of NRS unless and until it is recorded.
Terms Used In Nevada Revised Statutes 106.220
- county: includes Carson City. See Nevada Revised Statutes 0.033
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Trustee: A person or institution holding and administering property in trust.
2. Each such filing or recording must be properly indexed by the recorder.