South Dakota Codified Laws 44-8-1.4. Mortgage assigned with debt
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The assignment of a debt secured by a real estate mortgage carries with it the security.
Terms Used In South Dakota Codified Laws 44-8-1.4
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Source: CivC 1877, § 1727, subdiv 4; CL 1887, § 4351, subdiv 4; RCivC 1903, § 2047, subdiv 4; RC 1919, § 1551 (4); SDC 1939, § 39.0207 (4); repealed SL 1966, ch 150, § 10-102; re–enacted SL 1970, ch 251.