North Dakota § 35-03-15.1 Modification of mortgage - Expiration delayed

North Dakota Statutes

§ 35-03-15.1 — Modification of mortgage - Expiration delayed

North Dakota § 35-03-15.1

Title 35Liens

Ch. 35-03Mortgage of Real Property

This text of North Dakota § 35-03-15.1 (Modification of mortgage - Expiration delayed) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 35-03-15.1 (2026).

Text

1.Expiration of a real estate mortgage under section 35-03-14 does not occur if before the date the expiration would become effective a mortgage modification is recorded in the office of the recorder. A modified mortgage expires as provided under section 35-03-14, unless the modified mortgage is extended under section 35-03-15 or subsequently modified. If a modified mortgage is extended or subsequently modified, the mortgage expires as follows:

a.If the final maturity date is ascertainable from the record of the mortgage modification, the lien of the mortgage expires ten years after the final maturity date.

b.If the final maturity date of the mortgage is not ascertainable from the record of the original mortgage or a mortgage modification, the lien of the mortgage expires ten years afte

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1. Expiration of a real estate mortgage under section 35-03-14 does not occur if before
the date the expiration would become effective a mortgage modification is recorded in
the office of the recorder. A modified mortgage expires as provided under section
35-03-14, unless the modified mortgage is extended under section 35-03-15 or
subsequently modified. If a modified mortgage is extended or subsequently modified,
the mortgage expires as follows:
a. If the final maturity date is ascertainable from the record of the mortgage
modification, the lien of the mortgage expires ten years after the final maturity
date.
b. If the final maturity date of the mortgage is not ascertainable from the record of
the original mortgage or a mortgage modification, the lien of the mortgage expires
ten years after the date the last mortgage modification is filed for record in the
office of the recorder.
2. As used in this section, "mortgage modification" means a written instrument amending
at least one term of an original mortgage which:
a. References the original mortgage by recording date and document number; and
b. Is signed by the mortgagor, or the mortgagor's successor in interest, and the
owner of the mortgage.