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Chapter 507
Section 507.402
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This is an historical version of this statute chapter. Also view the most recent published version.
507.402 DISCHARGE OF MORTGAGE FROM CONTRACT FOR DEED SELLER.
A mortgage that encumbers the seller's interest in a contract for deed ceases to encumber real
property described in a deed given pursuant to the contract if the purchaser has not joined in or
consented to the mortgage in a recorded instrument and the mortgage is recorded subsequent to
the recording of the contract.
History: 2003 c 5 art 2 s 2
A mortgage that encumbers the seller's interest in a contract for deed ceases to encumber real
property described in a deed given pursuant to the contract if the purchaser has not joined in or
consented to the mortgage in a recorded instrument and the mortgage is recorded subsequent to
the recording of the contract.
History: 2003 c 5 art 2 s 2
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Revisor of Statutes