§ 32-29-1-5 — Form; mortgage

Indiana § 32-29-1-5

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 29: MORTGAGES
• Ch. 1: Mortgage of Real Estate

Text

A mortgage of land that is:
(1) worded in substance as "A.B. mortgages and warrants to C.D."
(here describe the premises) "to secure the repayment of" (here
recite the sum for which the mortgage is granted, or the notes or
other evidences of debt, or a description of the debt sought to be
secured, and the date of the repayment); and
(2) dated and signed, sealed, and acknowledged by the grantor;
is a good and sufficient mortgage to the grantee and the grantee's heirs,
assigns, executors, and administrators, with warranty from the grantor
(as defined in IC 32-17-1-1) and the grantor's legal representatives of
perfect title in the grantor and against all previous encumbrances.
However, if in the mortgage form the words "and warrant" are omitted,
the mortgage is good but without warranty.
[Pre-2002 Recodification Citation: 32-1-2-15.]

Legislative History

As added by P.L.2-2002, SEC.14.