58-2333h. Mortgages or deeds of trust recorded between January 1, 1951, and January 1, 1955, declared void; exceptions.
58-2333h
58-2333h. Mortgages or deeds of trust recorded between January 1,1951, and January 1, 1955, declared void; exceptions.Any mortgage or deed of trust against real property locatedin this state recorded on or after January 1, 1951, and before January 1,1955, or referred to or described in any instrument of record within suchperiod shall be void, unless, prior to July 1, 1988, the owner and holderthereof files, in the office of the register of deeds of the county inwhich the property is located, an affidavit stating: (a) The name and addressof the owner and holder thereof; (b) the nature of the claim; (c) the amountdue on the claim; (d) the date of the last payment on the claim; and (e)a description of the property. This section shall not apply to or affectmortgages, deeds of trust or liens against real property of railroad corporationsrecorded after January 1, 1890. Infancy, incompetency or nonresidency shallnot affect the operation of this act.
History: L. 1987, ch. 259, § 1; July 1.