North Dakota Code 35-03-08 – Papers accompanying mortgage or grant must be recorded
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Every grant of real property or of any estate therein which appears by any other writing to be intended as a mortgage within the meaning of chapter 35-01 must be recorded as a mortgage. If the grant and other writing explanatory of its true character are not recorded together at the same time and place, the grantee can derive no benefit from such record.
Terms Used In North Dakota Code 35-03-08
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.